Ameriprise Financial, Inc. has notified Direct Line Insurance Group PLC of a change in its voting rights, with a decrease from 5.059% to 4.999%. The notification, dated 23rd April 2024, indicates that Ameriprise Financial, Inc. holds 65,553,896 voting rights in Direct Line Insurance Group PLC. The holdings are attributed to financial instruments, with no direct voting rights. Ameriprise Financial, Inc. is a United States-based entity with its registered office in Minneapolis.
The notification also provides a detailed breakdown of the chain of controlled undertakings through which the voting rights and financial instruments are effectively held. This includes various entities such as TAM UK International Holdings Limited, Threadneedle Holdings Limited, TC Financing Limited, Threadneedle Asset Management Limited, Columbia Threadneedle Investments UK International Limited, and others, all ultimately owned by Ameriprise Financial, Inc.
Additionally, the notification states that Columbia Management Investment Advisers, LLC, which holds no voting rights, is wholly owned by Ameriprise Financial, Inc. The notification also includes information on the proxy voting, with no specific details provided.
The notification provides a comprehensive overview of the change in voting rights and the intricate chain of controlled undertakings through which the rights and financial instruments are held. This information is crucial for stakeholders and regulatory authorities to understand the ownership structure and voting rights within Direct Line Insurance Group PLC.