The Boards of Aviva Plc and Direct Line Insurance Group Plc have announced that they have reached agreement on the terms of a recommended cash and share offer pursuant to which Aviva will acquire the entire issued and to be issued ordinary share capital of Direct Line. It is intended that the acquisition will be implemented by way of a Scheme of Arrangement, subject to a Sanction Hearing to be held on 1st July 2025.
The terms of the scheme are as follows: –
For each Direct Line share held    –   0.2867 Aviva shares and 129.7 pence in cash
 Subject to the Scheme becoming effective the cash and share consideration will be credited to client accounts on or around 15th July 2025. We will remove the Direct Line shares once the Scheme consideration has been credited. If you require any further information, you may contact us either by letter, telephone or email as detailed below quoting ‘Direct Line’ in the subject box.
Corporate Action Administration
Direct Line – 0161-819-4850 | Email: caisa@pilling.co.uk