Royal Credit warns the public against buying Directline Shares

Royal Credit, the majority shareholder in Directline Assurance, is warning the public against investing in a purported share sale by the underwriter. In a strongly worded statement, Royal Credit clarifies that Directline is a private company and that none of its shares are up for sale. The firm says it has written to the insurance regulatory authority (IRA) to inquire whether the alleged transaction has been authorized, as required by law, since Directline is not a public company.