Form 8.3 DIRECT LINE INSURANCE GROUP PLC

Barclays PLC

19 February 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:			18 Feb 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:				17,773,517	1.36%	12,779,734	0.97%
(2) Cash-settled derivatives:				13,554,528	1.03%	17,518,850	1.34%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				31,328,045	2.39%	30,298,584	2.31%
Class of relevant security:				Convertible Bond 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	555,316	2.6621  GBP
10 10/11p ordinary	Purchase	416,993	2.6600  GBP
10 10/11p ordinary	Purchase	277,658	2.6684  GBP
10 10/11p ordinary	Purchase	231,579	2.6663  GBP
10 10/11p ordinary	Purchase	55,180	2.6668  GBP
10 10/11p ordinary	Purchase	52,320	2.6628  GBP
10 10/11p ordinary	Purchase	51,198	2.6689  GBP
10 10/11p ordinary	Purchase	31,878	2.6611  GBP
10 10/11p ordinary	Purchase	17,179	2.6718  GBP
10 10/11p ordinary	Purchase	12,590	2.6697  GBP
10 10/11p ordinary	Purchase	12,394	2.6789  GBP
10 10/11p ordinary	Purchase	6,452	2.6664  GBP
10 10/11p ordinary	Purchase	6,342	2.6680  GBP
10 10/11p ordinary	Purchase	1,891	2.6660  GBP
10 10/11p ordinary	Purchase	703	2.6696  GBP
10 10/11p ordinary	Purchase	553	2.6671  GBP
10 10/11p ordinary	Purchase	292	2.6640  GBP
10 10/11p ordinary	Purchase	229	2.6700  GBP
10 10/11p ordinary	Sale	584,324	2.6669  GBP
10 10/11p ordinary	Sale	164,546	2.6646  GBP
10 10/11p ordinary	Sale	90,498	2.6659  GBP
10 10/11p ordinary	Sale	75,237	2.6663  GBP
10 10/11p ordinary	Sale	64,378	2.6600  GBP
10 10/11p ordinary	Sale	56,320	2.6643  GBP
10 10/11p ordinary	Sale	55,174	2.6656  GBP
10 10/11p ordinary	Sale	34,649	2.6634  GBP
10 10/11p ordinary	Sale	11,638	2.6666  GBP
10 10/11p ordinary	Sale	8,437	2.6637  GBP
10 10/11p ordinary	Sale	8,346	2.6790  GBP
10 10/11p ordinary	Sale	8,067	2.6615  GBP
10 10/11p ordinary	Sale	5,318	2.6665  GBP
10 10/11p ordinary	Sale	5,278	2.6708  GBP
10 10/11p ordinary	Sale	4,401	2.6683  GBP
10 10/11p ordinary	Sale	3,093	2.6699  GBP
10 10/11p ordinary	Sale	2,827	2.6691  GBP
10 10/11p ordinary	Sale	2,171	2.6720  GBP
10 10/11p ordinary	Sale	1,766	2.6660  GBP
10 10/11p ordinary	Sale	1,681	2.6780  GBP
10 10/11p ordinary	Sale	1,506	2.6600  GBP
10 10/11p ordinary	Sale	844	2.6620  GBP
10 10/11p ordinary	Sale	584	2.6640  GBP
10 10/11p ordinary	Sale	462	2.6597  GBP
10 10/11p ordinary	Sale	447	2.6664  GBP
10 10/11p ordinary	Sale	318	2.6700  GBP
10 10/11p ordinary	Sale	306	2.6619  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	462	2.6597  GBP
10 10/11p ordinary	SWAP	Increasing Long	80,863	2.6598  GBP
10 10/11p ordinary	SWAP	Increasing Long	62,232	2.6600  GBP
10 10/11p ordinary	SWAP	Increasing Long	306	2.6619  GBP
10 10/11p ordinary	SWAP	Increasing Long	4,460	2.6630  GBP
10 10/11p ordinary	SWAP	Increasing Long	34,649	2.6634  GBP
10 10/11p ordinary	SWAP	Increasing Long	8,237	2.6638  GBP
10 10/11p ordinary	SWAP	Increasing Long	56,320	2.6643  GBP
10 10/11p ordinary	SWAP	Increasing Long	35,948	2.6649  GBP
10 10/11p ordinary	SWAP	Increasing Long	42,464	2.6652  GBP
10 10/11p ordinary	SWAP	Increasing Long	90,498	2.6659  GBP
10 10/11p ordinary	SWAP	Increasing Long	211	2.6660  GBP
10 10/11p ordinary	SWAP	Increasing Long	67,000	2.6666  GBP
10 10/11p ordinary	SWAP	Increasing Long	330,411	2.6668  GBP
10 10/11p ordinary	SWAP	Increasing Long	239,321	2.6669  GBP
10 10/11p ordinary	SWAP	Increasing Long	14,305	2.6679  GBP
10 10/11p ordinary	SWAP	Increasing Long	12,271	2.6687  GBP
10 10/11p ordinary	SWAP	Increasing Long	4,689	2.6688  GBP
10 10/11p ordinary	SWAP	Increasing Long	70,731	2.6691  GBP
10 10/11p ordinary	SWAP	Increasing Long	14,592	2.6692  GBP
10 10/11p ordinary	SWAP	Decreasing Long	340,067	2.6600  GBP
10 10/11p ordinary	SWAP	Decreasing Long	127,588	2.6601  GBP
10 10/11p ordinary	SWAP	Decreasing Long	23,159	2.6603  GBP
10 10/11p ordinary	SWAP	Decreasing Long	31,878	2.6611  GBP
10 10/11p ordinary	SWAP	Decreasing Long	277,658	2.6621  GBP
10 10/11p ordinary	SWAP	Decreasing Long	3,065	2.6638  GBP
10 10/11p ordinary	SWAP	Decreasing Long	107,500	2.6649  GBP
10 10/11p ordinary	SWAP	Decreasing Long	555,316	2.6652  GBP
10 10/11p ordinary	SWAP	Decreasing Long	100	2.6660  GBP
10 10/11p ordinary	SWAP	Decreasing Long	553	2.6671  GBP
10 10/11p ordinary	SWAP	Decreasing Long	703	2.6696  GBP
10 10/11p ordinary	SWAP	Decreasing Long	12,590	2.6697  GBP
10 10/11p ordinary	CFD	Increasing Short	3,722	2.6681  GBP
10 10/11p ordinary	CFD	Increasing Short	149,660	2.6697  GBP
10 10/11p ordinary	CFD	Increasing Short	73,488	2.6698  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:				19 Feb 2025
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

END