Direct Line reveals 175p share price

The entrance to the London Stock Exchange

The sale of 450 million shares has raised just over £787m. Parent company RBS Group has still retained ownership of 65% of Direct Line.

Conditional dealings began this morning with unconditional trading on the main London Stock Exchange market due to begin on 16 October.

Commenting on today's announcement, Paul Geddes, chief executive officer of Direct Line, said: "We are delighted with the level of demand institutional and retail investors have shown in Direct Line Group, reflecting the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: