Form 8.3 - DIRECT LINE INSURANCE GROUP PLC

Barclays PLC

16 January 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  relevant securities this form relates:			DIRECT LINE INSURANCE GROUP PLC
(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:			15 Jan 2025
(f)	In addition to the company in 1(c) above, is the discloser making  disclosures in respect of any other party to the offer?			YES:  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:				10,886,098	0.83%	13,055,780	1.00%
(2) Cash-settled derivatives:				13,795,693	1.05%	10,763,219	0.82%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				24,681,791	1.88%	23,818,999	1.82%
Class of relevant security:				Restricted Tier 1 Note XS1728036366
				Interests		Short Positions
				Number	(%)	Number	(%)
(1) Relevant securities owned and/or controlled:				200,000	0.06%	0	0.00%
(2) Cash-settled derivatives:				0	0.00%	0	0.00%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				200,000	0.06%	0	0.00%
(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 PERSON MAKING THE DISCLOSURE
(a)	Purchase and sales
Class of relevant  security	Purchase/sale	Number of  securities	Price per unit
10 10/11p ordinary	Purchase	1,000,000	2.5813  GBP
10 10/11p ordinary	Purchase	496,302	2.5841  GBP
10 10/11p ordinary	Purchase	436,675	2.5680  GBP
10 10/11p ordinary	Purchase	361,744	2.5955  GBP
10 10/11p ordinary	Purchase	258,465	2.5736  GBP
10 10/11p ordinary	Purchase	240,712	2.5851  GBP
10 10/11p ordinary	Purchase	223,191	2.5679  GBP
10 10/11p ordinary	Purchase	212,551	2.5867  GBP
10 10/11p ordinary	Purchase	158,789	2.5856  GBP
10 10/11p ordinary	Purchase	146,296	2.5998  GBP
10 10/11p ordinary	Purchase	124,172	2.5850  GBP
10 10/11p ordinary	Purchase	119,379	2.5859  GBP
10 10/11p ordinary	Purchase	34,002	2.5911  GBP
10 10/11p ordinary	Purchase	23,997	2.5868  GBP
10 10/11p ordinary	Purchase	20,989	2.5886  GBP
10 10/11p ordinary	Purchase	11,058	2.5860  GBP
10 10/11p ordinary	Purchase	9,539	2.5752  GBP
10 10/11p ordinary	Purchase	8,764	2.5760  GBP
10 10/11p ordinary	Purchase	7,026	2.6000  GBP
10 10/11p ordinary	Purchase	3,817	2.5921  GBP
10 10/11p ordinary	Purchase	3,397	2.5692  GBP
10 10/11p ordinary	Purchase	1,275	2.5660  GBP
10 10/11p ordinary	Purchase	1,260	2.5740  GBP
10 10/11p ordinary	Purchase	668	2.5720  GBP
10 10/11p ordinary	Purchase	655	2.5980  GBP
10 10/11p ordinary	Purchase	133	2.5920  GBP
10 10/11p ordinary	Purchase	80	2.5800  GBP
10 10/11p ordinary	Sale	618,685	2.5703  GBP
10 10/11p ordinary	Sale	404,045	2.5943  GBP
10 10/11p ordinary	Sale	345,369	2.5955  GBP
10 10/11p ordinary	Sale	231,172	2.6000  GBP
10 10/11p ordinary	Sale	214,551	2.5680  GBP
10 10/11p ordinary	Sale	212,500	2.5823  GBP
10 10/11p ordinary	Sale	183,213	2.5831  GBP
10 10/11p ordinary	Sale	86,900	2.5822  GBP
10 10/11p ordinary	Sale	74,791	2.5778  GBP
10 10/11p ordinary	Sale	32,322	2.5876  GBP
10 10/11p ordinary	Sale	27,688	2.5677  GBP
10 10/11p ordinary	Sale	25,500	2.5779  GBP
10 10/11p ordinary	Sale	18,200	2.5977  GBP
10 10/11p ordinary	Sale	18,063	2.5866  GBP
10 10/11p ordinary	Sale	15,699	2.5683  GBP
10 10/11p ordinary	Sale	15,260	2.5681  GBP
10 10/11p ordinary	Sale	15,101	2.5861  GBP
10 10/11p ordinary	Sale	14,154	2.5674  GBP
10 10/11p ordinary	Sale	9,020	2.5815  GBP
10 10/11p ordinary	Sale	6,491	2.5900  GBP
10 10/11p ordinary	Sale	6,476	2.5698  GBP
10 10/11p ordinary	Sale	3,835	2.5665  GBP
10 10/11p ordinary	Sale	2,915	2.5924  GBP
10 10/11p ordinary	Sale	2,852	2.5837  GBP
10 10/11p ordinary	Sale	2,347	2.5864  GBP
10 10/11p ordinary	Sale	2,239	2.5860  GBP
10 10/11p ordinary	Sale	1,584	2.5660  GBP
10 10/11p ordinary	Sale	1,200	2.5700  GBP
10 10/11p ordinary	Sale	325	2.5934  GBP
10 10/11p ordinary	Sale	133	2.5920  GBP
(b)	Cash-settled derivative transactions
Class of  relevant  security	Product  description	Nature of dealing	Number of  reference  securities	Price per  unit
10 10/11p ordinary	SWAP	Increasing Long	74,791	2.5778  GBP
10 10/11p ordinary	SWAP	Increasing Long	25,500	2.5779  GBP
10 10/11p ordinary	SWAP	Increasing Long	86,900	2.5822  GBP
10 10/11p ordinary	SWAP	Increasing Long	395,713	2.5827  GBP
10 10/11p ordinary	SWAP	Increasing Long	2,852	2.5837  GBP
10 10/11p ordinary	SWAP	Increasing Long	41,648	2.5864  GBP
10 10/11p ordinary	SWAP	Increasing Long	16,659	2.5866  GBP
10 10/11p ordinary	SWAP	Increasing Long	2,776	2.5868  GBP
10 10/11p ordinary	SWAP	Increasing Long	325	2.5934  GBP
10 10/11p ordinary	SWAP	Increasing Long	18,200	2.5977  GBP
10 10/11p ordinary	SWAP	Increasing Long	82,530	2.5982  GBP
10 10/11p ordinary	SWAP	Increasing Long	49,778	2.5989  GBP
10 10/11p ordinary	SWAP	Increasing Long	78,322	2.5999  GBP
10 10/11p ordinary	SWAP	Increasing Long	75,167	2.6000  GBP
10 10/11p ordinary	SWAP	Decreasing Long	3,397	2.5692  GBP
10 10/11p ordinary	SWAP	Decreasing Long	1,000,000	2.5812  GBP
10 10/11p ordinary	SWAP	Decreasing Long	496,302	2.5841  GBP
10 10/11p ordinary	SWAP	Decreasing Long	53,669	2.5843  GBP
10 10/11p ordinary	SWAP	Decreasing Long	124,172	2.5850  GBP
10 10/11p ordinary	SWAP	Decreasing Long	119,628	2.5857  GBP
10 10/11p ordinary	SWAP	Decreasing Long	317,719	2.5867  GBP
10 10/11p ordinary	SWAP	Decreasing Long	84,038	2.5876  GBP
10 10/11p ordinary	SWAP	Decreasing Long	6,489	2.5897  GBP
10 10/11p ordinary	SWAP	Decreasing Long	34,002	2.5911  GBP
10 10/11p ordinary	SWAP	Decreasing Long	1,340	2.6000  GBP
10 10/11p ordinary	CFD	Increasing Short	15,895	2.5820  GBP
10 10/11p ordinary	CFD	Increasing Short	6,178	2.6000  GBP
(c)	Stock-settled derivative transactions  (including options)
(i)	Writing, selling, purchasing or varying
Class  of  relevant  security	Product  description	Writing,  purchasing,  selling,  varying etc	Number  of  securities  to which  option  relates	Exercise  price  per unit	Type	Expiry  date	Option  money  paid/  received  per unit
(ii)	Exercising
Class of relevant  security	Product description	Exercising/ exercised against	Number of  securities	Exercise price per  unit
(d)	Other dealings (including subscribing for  new securities)
Class of relevant  security	Nature of Dealings	Details	Price per unit (if  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 person 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:				16 Jan 2025
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

END