Form 8.3 DIRECT LINE INSURANCE GROUP PLC

Barclays PLC

23 May 2025

 

FORM 8.3
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR
MORE
Rule 8.3 of the Takeover Code (the "Code")
1.				KEY INFORMATION
(a)	Full name of discloser:				Barclays PLC.
(b)	Owner or controller of interest and short
	positions disclosed, if different from 1(a):
(c)	Name of offeror/offeree in relation to whose				DIRECT LINE INSURANCE GROUP PLC
	relevant securities this form relates:
(d)	If an exempt fund manager connected with an
	offeror/offeree, state this and specify identity of
	offeror/offeree:
(e)	Date position held/dealing undertaken:				22 May 2025
(f)	In addition to the company in 1(c) above, is the discloser making				YES:
	disclosures in respect of any other party to the offer?				AVIVA PLC
2.				POSITIONS OF THE PERSON MAKING THE DISCLOSURE
(a)	Interests and short positions in the relevant securities of the offeror or offeree
	to which the disclosure relates following the dealing(if any)
Class of relevant security:				10 10/11p ordinary
				Interests		Short Positions
				Number	(%)	Number	(%)
(1)	Relevant securities owned
	and/or controlled:			40,509,696	3.09%	4,327,652	0.33%
(2)	Cash-settled derivatives:
	and/or controlled:			4,775,013	0.36%	39,769,780	3.03%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%
	TOTAL:			45,284,709	3.45%	44,097,432	3.36%
(b)	Rights to subscribe for new securities (including directors and other executive
	options)
Class of relevant security in relation to
which subscription right exists
Details, including nature of the rights
concerned and relevant percentages:
3.				DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER
(a)	Purchases and sales
Class of relevant		Purchase/sale		Number of		Price per unit
security				securities
10 10/11p ordinary		Purchase		129,493		2.9974  GBP
10 10/11p ordinary		Purchase		62,061		2.9820  GBP
10 10/11p ordinary		Purchase		36,589		3.0060  GBP
10 10/11p ordinary		Purchase		34,360		3.0059  GBP
10 10/11p ordinary		Purchase		24,745		2.9921  GBP
10 10/11p ordinary		Purchase		18,379		2.9942  GBP
10 10/11p ordinary		Purchase		15,931		2.9920  GBP
10 10/11p ordinary		Purchase		15,888		2.9813  GBP
10 10/11p ordinary		Purchase		11,085		2.9800  GBP
10 10/11p ordinary		Purchase		10,472		2.9990  GBP
10 10/11p ordinary		Purchase		7,331		2.9859  GBP
ADR		Purchase		7,000		15.9457  USD
10 10/11p ordinary		Purchase		6,485		2.9861  GBP
10 10/11p ordinary		Purchase		6,060		2.9847  GBP
10 10/11p ordinary		Purchase		5,541		2.9941  GBP
10 10/11p ordinary		Purchase		5,311		2.9802  GBP
10 10/11p ordinary		Purchase		4,790		2.9796  GBP
10 10/11p ordinary		Purchase		4,287		2.9855  GBP
10 10/11p ordinary		Purchase		3,065		2.9822  GBP
10 10/11p ordinary		Purchase		3,005		2.9833  GBP
10 10/11p ordinary		Purchase		1,882		2.9825  GBP
10 10/11p ordinary		Purchase		1,479		2.9849  GBP
10 10/11p ordinary		Purchase		1,293		2.9840  GBP
10 10/11p ordinary		Purchase		911		2.9821  GBP
10 10/11p ordinary		Purchase		428		2.9860  GBP
10 10/11p ordinary		Purchase		359		2.9810  GBP
10 10/11p ordinary		Purchase		194		2.9900  GBP
10 10/11p ordinary		Purchase		124		2.9960  GBP
10 10/11p ordinary		Sale		107,985		3.0029  GBP
10 10/11p ordinary		Sale		63,019		3.0020  GBP
10 10/11p ordinary		Sale		46,243		2.9874  GBP
10 10/11p ordinary		Sale		36,505		3.0054  GBP
10 10/11p ordinary		Sale		29,404		2.9831  GBP
10 10/11p ordinary		Sale		11,405		2.9821  GBP
10 10/11p ordinary		Sale		10,553		2.9861  GBP
10 10/11p ordinary		Sale		9,557		2.9846  GBP
10 10/11p ordinary		Sale		9,219		2.9841  GBP
10 10/11p ordinary		Sale		7,017		2.9838  GBP
ADR		Sale		7,000		15.9457  USD
10 10/11p ordinary		Sale		5,982		3.0060  GBP
10 10/11p ordinary		Sale		5,142		2.9826  GBP
10 10/11p ordinary		Sale		4,343		2.9867  GBP
10 10/11p ordinary		Sale		2,744		2.9916  GBP
10 10/11p ordinary		Sale		2,469		2.9807  GBP
10 10/11p ordinary		Sale		1,672		2.9805  GBP
10 10/11p ordinary		Sale		1,293		2.9840  GBP
10 10/11p ordinary		Sale		1,041		2.9830  GBP
10 10/11p ordinary		Sale		931		2.9845  GBP
10 10/11p ordinary		Sale		771		2.9860  GBP
10 10/11p ordinary		Sale		631		2.9961  GBP
10 10/11p ordinary		Sale		619		2.9820  GBP
10 10/11p ordinary		Sale		468		2.9780  GBP
10 10/11p ordinary		Sale		351		2.9980  GBP
10 10/11p ordinary		Sale		288		2.9819  GBP
10 10/11p ordinary		Sale		124		2.9960  GBP
10 10/11p ordinary		Sale		16		2.9800  GBP
10 10/11p ordinary		Sale		12		2.9850  GBP
(b)	Cash-settled derivative transactions
Class of		Product		Nature of dealing		Number of	Price per
relevant		description				reference	unit
security						securities
10 10/11p ordinary		SWAP		Decreasing Short		288	2.9819  GBP
10 10/11p ordinary		SWAP		Decreasing Short		11,405	2.9821  GBP
10 10/11p ordinary		SWAP		Decreasing Short		5,142	2.9826  GBP
10 10/11p ordinary		SWAP		Decreasing Short		2,990	2.9830  GBP
10 10/11p ordinary		SWAP		Decreasing Short		706	2.9860  GBP
10 10/11p ordinary		SWAP		Decreasing Short		10,553	2.9861  GBP
10 10/11p ordinary		SWAP		Decreasing Short		5,415	2.9895  GBP
10 10/11p ordinary		SWAP		Decreasing Short		39,560	2.9986  GBP
10 10/11p ordinary		SWAP		Decreasing Short		3,000	3.0018  GBP
10 10/11p ordinary		SWAP		Decreasing Short		23,054	3.0059  GBP
10 10/11p ordinary		SWAP		Decreasing Short		20,595	3.0060  GBP
10 10/11p ordinary		SWAP		Increasing Short		10,291	2.9833  GBP
10 10/11p ordinary		SWAP		Increasing Short		2,218	2.9859  GBP
10 10/11p ordinary		SWAP		Increasing Short		363	2.9860  GBP
10 10/11p ordinary		SWAP		Increasing Short		18,379	2.9942  GBP
10 10/11p ordinary		SWAP		Increasing Short		129,493	2.9974  GBP
10 10/11p ordinary		CFD		Decreasing Short		2,424	2.9818  GBP
10 10/11p ordinary		CFD		Decreasing Short		3,496	2.9822  GBP
10 10/11p ordinary		CFD		Decreasing Short		3,504	2.9846  GBP
10 10/11p ordinary		CFD		Decreasing Short		631	2.9961  GBP
10 10/11p ordinary		CFD		Decreasing Short		36,505	3.0054  GBP
10 10/11p ordinary		CFD		Decreasing Short		14,719	3.0057  GBP
10 10/11p ordinary		CFD		Decreasing Short		6,584	3.0059  GBP
10 10/11p ordinary		CFD		Increasing Short		5,959	2.9840  GBP
10 10/11p ordinary		CFD		Increasing Short		34,583	2.9879  GBP
10 10/11p ordinary		CFD		Increasing Short		14,330	2.9889  GBP
10 10/11p ordinary		CFD		Increasing Short		3,668	2.9967  GBP
10 10/11p ordinary		CFD		Increasing Short		10,415	2.9970  GBP
(c)	Stock-settled derivative transactions (including options)
(i)	Writing, selling, purchasing or varying
Class	Product	Writing,	Number	Exercise	Type	Expiry	Option
of	description	purchasing,	of	price		date	money
relevant		selling,	securities	per unit			paid/
security		varying etc	to which				received
			option				per unit
			relates
(ii)	Exercising
Class of relevant		Product description		Exercising/ exercised against		Number of	Exercise price per
security						securities	unit
(d)	Other dealings (including subscribing for new securities)
Class of relevant		Nature of Dealings		Details		Price per unit (if
security						applicable)
4.				OTHER INFORMATION
(a)	Indemnity and other dealings arrangements
Details of any indemnity or option arrangement, or any agreement or understanding,
formal or informal, relating to relevant securities which may be an inducement to deal
or refrain from dealing entered into by the exempt principal trader making the disclosure and any party
to the offer or any person acting in concert with a party to the offer:
NONE
(b)	Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between
the person making the disclosure and any other person relating to:
(i)  the voting rights of any relevant securities under any option; or
(ii) the voting rights of future acquisition or disposal of any relevant securities to which
any derivative is referenced:
NONE
(c)	Attachments
Is a Supplemental Form 8 (Open Positions) attached?				NO
Date of disclosure:				23 May 2025
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

END