Form 8.3 DIRECT LINE INSURANCE GROUP PLC

Barclays PLC

26 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:			25 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:				21,690,631	1.65%	8,742,546	0.67%
(2) Cash-settled derivatives:				9,371,300	0.71%	21,451,434	1.64%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				31,061,931	2.37%	30,193,980	2.30%
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	2.6613  GBP
10 10/11p ordinary	Purchase	199,068	2.6612  GBP
10 10/11p ordinary	Purchase	88,532	2.6640  GBP
10 10/11p ordinary	Purchase	80,291	2.6620  GBP
10 10/11p ordinary	Purchase	79,478	2.6638  GBP
10 10/11p ordinary	Purchase	63,916	2.6630  GBP
10 10/11p ordinary	Purchase	63,821	2.6648  GBP
10 10/11p ordinary	Purchase	21,132	2.6628  GBP
10 10/11p ordinary	Purchase	17,380	2.6639  GBP
10 10/11p ordinary	Purchase	17,200	2.6642  GBP
10 10/11p ordinary	Purchase	6,346	2.6619  GBP
10 10/11p ordinary	Purchase	4,497	2.6616  GBP
10 10/11p ordinary	Purchase	3,371	2.6660  GBP
10 10/11p ordinary	Purchase	1,540	2.6636  GBP
10 10/11p ordinary	Purchase	1,043	2.6560  GBP
10 10/11p ordinary	Purchase	483	2.6627  GBP
10 10/11p ordinary	Purchase	59	2.6632  GBP
10 10/11p ordinary	Sale	1,598,843	2.6500  GBP
10 10/11p ordinary	Sale	247,908	2.6639  GBP
10 10/11p ordinary	Sale	231,802	2.6602  GBP
10 10/11p ordinary	Sale	153,426	2.6640  GBP
10 10/11p ordinary	Sale	110,692	2.6605  GBP
10 10/11p ordinary	Sale	58,256	2.6592  GBP
10 10/11p ordinary	Sale	10,343	2.6632  GBP
10 10/11p ordinary	Sale	8,168	2.6625  GBP
10 10/11p ordinary	Sale	3,184	2.6620  GBP
10 10/11p ordinary	Sale	1,819	2.6624  GBP
10 10/11p ordinary	Sale	1,437	2.6619  GBP
10 10/11p ordinary	Sale	1,000	2.6539  GBP
10 10/11p ordinary	Sale	781	2.6626  GBP
10 10/11p ordinary	Sale	207	2.6600  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	Decreasing Short	1,598,843	2.6500  GBP
10 10/11p ordinary	SWAP	Decreasing Short	1,000	2.6539  GBP
10 10/11p ordinary	SWAP	Decreasing Short	73,376	2.6590  GBP
10 10/11p ordinary	SWAP	Decreasing Short	58,256	2.6592  GBP
10 10/11p ordinary	SWAP	Decreasing Short	207	2.6600  GBP
10 10/11p ordinary	SWAP	Decreasing Short	207,206	2.6602  GBP
10 10/11p ordinary	SWAP	Decreasing Short	24,596	2.6610  GBP
10 10/11p ordinary	SWAP	Decreasing Short	6,791	2.6616  GBP
10 10/11p ordinary	SWAP	Decreasing Short	1,437	2.6619  GBP
10 10/11p ordinary	SWAP	Decreasing Short	5,679	2.6623  GBP
10 10/11p ordinary	SWAP	Decreasing Short	781	2.6626  GBP
10 10/11p ordinary	SWAP	Decreasing Short	26,521	2.6638  GBP
10 10/11p ordinary	SWAP	Decreasing Short	247,908	2.6639  GBP
10 10/11p ordinary	SWAP	Decreasing Short	11,487	2.6640  GBP
10 10/11p ordinary	SWAP	Increasing Short	600,000	2.6305  GBP
10 10/11p ordinary	SWAP	Increasing Short	3,018	2.6500  GBP
10 10/11p ordinary	SWAP	Increasing Short	6,110	2.6579  GBP
10 10/11p ordinary	SWAP	Increasing Short	22,666	2.6602  GBP
10 10/11p ordinary	SWAP	Increasing Short	199,068	2.6612  GBP
10 10/11p ordinary	SWAP	Increasing Short	1,000,000	2.6613  GBP
10 10/11p ordinary	SWAP	Increasing Short	6,346	2.6619  GBP
10 10/11p ordinary	SWAP	Increasing Short	7,378	2.6622  GBP
10 10/11p ordinary	SWAP	Increasing Short	483	2.6627  GBP
10 10/11p ordinary	SWAP	Increasing Short	60,600	2.6631  GBP
10 10/11p ordinary	SWAP	Increasing Short	1,540	2.6636  GBP
10 10/11p ordinary	SWAP	Increasing Short	79,478	2.6638  GBP
10 10/11p ordinary	SWAP	Increasing Short	130,043	2.6640  GBP
10 10/11p ordinary	SWAP	Increasing Short	8,176	2.6641  GBP
10 10/11p ordinary	SWAP	Increasing Short	17,200	2.6642  GBP
10 10/11p ordinary	SWAP	Increasing Short	63,821	2.6648  GBP
10 10/11p ordinary	CFD	Increasing Short	25,298	2.6635  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:				26 Feb 2025
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

END