Form 8.3 DIRECT LINE INSURANCE GROUP PLC

Barclays PLC

20 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:			19 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:				17,764,913	1.35%	12,256,330	0.93%
(2) Cash-settled derivatives:				12,985,076	0.99%	17,476,933	1.33%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				30,749,989	2.34%	29,733,263	2.27%
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	2.6588  GBP
10 10/11p ordinary	Purchase	250,000	2.6343  GBP
10 10/11p ordinary	Purchase	170,200	2.6340  GBP
10 10/11p ordinary	Purchase	81,684	2.6503  GBP
10 10/11p ordinary	Purchase	43,691	2.6377  GBP
10 10/11p ordinary	Purchase	35,540	2.6415  GBP
10 10/11p ordinary	Purchase	33,937	2.6511  GBP
10 10/11p ordinary	Purchase	31,018	2.6393  GBP
10 10/11p ordinary	Purchase	19,218	2.6485  GBP
10 10/11p ordinary	Purchase	14,664	2.6438  GBP
10 10/11p ordinary	Purchase	12,575	2.6360  GBP
10 10/11p ordinary	Purchase	9,288	2.6366  GBP
10 10/11p ordinary	Purchase	9,155	2.6453  GBP
10 10/11p ordinary	Purchase	8,003	2.6384  GBP
10 10/11p ordinary	Purchase	7,019	2.6527  GBP
10 10/11p ordinary	Purchase	6,794	2.6416  GBP
10 10/11p ordinary	Purchase	6,374	2.6368  GBP
10 10/11p ordinary	Purchase	4,998	2.6560  GBP
10 10/11p ordinary	Purchase	4,832	2.6574  GBP
10 10/11p ordinary	Purchase	4,029	2.6379  GBP
10 10/11p ordinary	Purchase	3,805	2.6405  GBP
10 10/11p ordinary	Purchase	3,561	2.6497  GBP
10 10/11p ordinary	Purchase	3,487	2.6390  GBP
10 10/11p ordinary	Purchase	3,069	2.6396  GBP
10 10/11p ordinary	Purchase	3,034	2.6380  GBP
10 10/11p ordinary	Purchase	2,362	2.6319  GBP
10 10/11p ordinary	Purchase	2,052	2.6520  GBP
10 10/11p ordinary	Purchase	2,052	2.6440  GBP
10 10/11p ordinary	Purchase	1,872	2.6577  GBP
10 10/11p ordinary	Purchase	1,792	2.6365  GBP
10 10/11p ordinary	Purchase	1,692	2.6589  GBP
10 10/11p ordinary	Purchase	1,367	2.6350  GBP
10 10/11p ordinary	Purchase	653	2.6445  GBP
10 10/11p ordinary	Purchase	591	2.6399  GBP
10 10/11p ordinary	Purchase	508	2.6400  GBP
10 10/11p ordinary	Purchase	71	2.6420  GBP
10 10/11p ordinary	Sale	250,000	2.6316  GBP
10 10/11p ordinary	Sale	193,410	2.6380  GBP
10 10/11p ordinary	Sale	132,247	2.6388  GBP
10 10/11p ordinary	Sale	113,712	2.6455  GBP
10 10/11p ordinary	Sale	108,847	2.6347  GBP
10 10/11p ordinary	Sale	100,992	2.6382  GBP
10 10/11p ordinary	Sale	82,168	2.6340  GBP
10 10/11p ordinary	Sale	53,524	2.6375  GBP
10 10/11p ordinary	Sale	53,315	2.6384  GBP
10 10/11p ordinary	Sale	45,027	2.6499  GBP
10 10/11p ordinary	Sale	38,766	2.6406  GBP
10 10/11p ordinary	Sale	17,770	2.6415  GBP
10 10/11p ordinary	Sale	13,006	2.6467  GBP
10 10/11p ordinary	Sale	11,961	2.6355  GBP
10 10/11p ordinary	Sale	11,621	2.6394  GBP
10 10/11p ordinary	Sale	8,358	2.6448  GBP
10 10/11p ordinary	Sale	8,327	2.6402  GBP
10 10/11p ordinary	Sale	7,334	2.6397  GBP
10 10/11p ordinary	Sale	5,449	2.6580  GBP
10 10/11p ordinary	Sale	3,470	2.6470  GBP
10 10/11p ordinary	Sale	2,679	2.6454  GBP
10 10/11p ordinary	Sale	2,390	2.6500  GBP
10 10/11p ordinary	Sale	1,986	2.6560  GBP
10 10/11p ordinary	Sale	1,219	2.6360  GBP
10 10/11p ordinary	Sale	1,026	2.6440  GBP
10 10/11p ordinary	Sale	537	2.6494  GBP
10 10/11p ordinary	Sale	495	2.6602  GBP
10 10/11p ordinary	Sale	254	2.6400  GBP
10 10/11p ordinary	Sale	209	2.6338  GBP
10 10/11p ordinary	Sale	71	2.6420  GBP
10 10/11p ordinary	Sale	10	2.6386  GBP
10 10/11p ordinary	Sale	7	2.6379  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	250,000	2.6316  GBP
10 10/11p ordinary	SWAP	Increasing Long	209	2.6337  GBP
10 10/11p ordinary	SWAP	Increasing Long	3,108	2.6338  GBP
10 10/11p ordinary	SWAP	Increasing Long	137,277	2.6340  GBP
10 10/11p ordinary	SWAP	Increasing Long	42,920	2.6344  GBP
10 10/11p ordinary	SWAP	Increasing Long	71,716	2.6351  GBP
10 10/11p ordinary	SWAP	Increasing Long	53,524	2.6375  GBP
10 10/11p ordinary	SWAP	Increasing Long	7	2.6379  GBP
10 10/11p ordinary	SWAP	Increasing Long	42,386	2.6383  GBP
10 10/11p ordinary	SWAP	Increasing Long	113,090	2.6388  GBP
10 10/11p ordinary	SWAP	Increasing Long	28,403	2.6395  GBP
10 10/11p ordinary	SWAP	Increasing Long	5,550	2.6402  GBP
10 10/11p ordinary	SWAP	Increasing Long	38,766	2.6406  GBP
10 10/11p ordinary	SWAP	Increasing Long	1,407	2.6440  GBP
10 10/11p ordinary	SWAP	Increasing Long	7,228	2.6452  GBP
10 10/11p ordinary	SWAP	Increasing Long	62,891	2.6457  GBP
10 10/11p ordinary	SWAP	Increasing Long	29,276	2.6458  GBP
10 10/11p ordinary	SWAP	Decreasing Long	2,362	2.6320  GBP
10 10/11p ordinary	SWAP	Decreasing Long	500	2.6340  GBP
10 10/11p ordinary	SWAP	Decreasing Long	74,072	2.6341  GBP
10 10/11p ordinary	SWAP	Decreasing Long	250,000	2.6343  GBP
10 10/11p ordinary	SWAP	Decreasing Long	33,820	2.6360  GBP
10 10/11p ordinary	SWAP	Decreasing Long	4,029	2.6379  GBP
10 10/11p ordinary	SWAP	Decreasing Long	235	2.6380  GBP
10 10/11p ordinary	SWAP	Decreasing Long	3,222	2.6426  GBP
10 10/11p ordinary	SWAP	Decreasing Long	33,937	2.6511  GBP
10 10/11p ordinary	SWAP	Decreasing Long	7,019	2.6527  GBP
10 10/11p ordinary	SWAP	Decreasing Long	5,300	2.6548  GBP
10 10/11p ordinary	SWAP	Decreasing Long	4,832	2.6574  GBP
10 10/11p ordinary	SWAP	Decreasing Long	1,000,000	2.6588  GBP
10 10/11p ordinary	CFD	Decreasing Short	16,070	2.6361  GBP
10 10/11p ordinary	CFD	Increasing Short	12,035	2.6359  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:				20 Feb 2025
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

END