Form 8.3 DIRECT LINE INSURANCE GROUP PLC

Barclays PLC

28 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:			27 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:				20,998,408	1.60%	9,730,857	0.74%
(2) Cash-settled derivatives:				10,254,507	0.78%	20,633,581	1.57%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				31,252,915	2.38%	30,364,438	2.32%
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	250,000	2.7414  GBP
10 10/11p ordinary	Purchase	145,166	2.7589  GBP
10 10/11p ordinary	Purchase	112,172	2.7765  GBP
10 10/11p ordinary	Purchase	86,960	2.7691  GBP
10 10/11p ordinary	Purchase	45,332	2.7503  GBP
10 10/11p ordinary	Purchase	44,542	2.7594  GBP
10 10/11p ordinary	Purchase	40,886	2.7797  GBP
10 10/11p ordinary	Purchase	30,470	2.7500  GBP
10 10/11p ordinary	Purchase	29,794	2.7470  GBP
10 10/11p ordinary	Purchase	29,682	2.7900  GBP
10 10/11p ordinary	Purchase	22,573	2.7556  GBP
10 10/11p ordinary	Purchase	16,968	2.7640  GBP
10 10/11p ordinary	Purchase	11,830	2.7492  GBP
10 10/11p ordinary	Purchase	9,512	2.7877  GBP
10 10/11p ordinary	Purchase	6,256	2.7698  GBP
10 10/11p ordinary	Purchase	5,722	2.7641  GBP
10 10/11p ordinary	Purchase	4,748	2.7400  GBP
10 10/11p ordinary	Purchase	4,702	2.7478  GBP
10 10/11p ordinary	Purchase	4,227	2.7510  GBP
10 10/11p ordinary	Purchase	4,205	2.7836  GBP
10 10/11p ordinary	Purchase	3,396	2.7311  GBP
10 10/11p ordinary	Purchase	2,171	2.7735  GBP
10 10/11p ordinary	Purchase	1,962	2.7600  GBP
10 10/11p ordinary	Purchase	1,956	2.7674  GBP
10 10/11p ordinary	Purchase	1,925	2.7520  GBP
10 10/11p ordinary	Purchase	1,411	2.7416  GBP
10 10/11p ordinary	Purchase	1,167	2.7660  GBP
10 10/11p ordinary	Purchase	504	2.7375  GBP
10 10/11p ordinary	Purchase	463	2.7360  GBP
10 10/11p ordinary	Purchase	423	2.7540  GBP
10 10/11p ordinary	Purchase	265	2.7280  GBP
10 10/11p ordinary	Purchase	116	2.7531  GBP
10 10/11p ordinary	Purchase	52	2.7630  GBP
10 10/11p ordinary	Purchase	32	2.7620  GBP
10 10/11p ordinary	Purchase	18	2.7840  GBP
10 10/11p ordinary	Sale	463,884	2.7684  GBP
10 10/11p ordinary	Sale	336,447	2.7333  GBP
10 10/11p ordinary	Sale	217,552	2.7220  GBP
10 10/11p ordinary	Sale	172,386	2.7449  GBP
10 10/11p ordinary	Sale	107,506	2.7900  GBP
10 10/11p ordinary	Sale	103,585	2.7761  GBP
10 10/11p ordinary	Sale	91,931	2.7490  GBP
10 10/11p ordinary	Sale	86,748	2.7644  GBP
10 10/11p ordinary	Sale	42,100	2.7495  GBP
10 10/11p ordinary	Sale	20,354	2.7502  GBP
10 10/11p ordinary	Sale	15,773	2.7579  GBP
10 10/11p ordinary	Sale	14,324	2.7769  GBP
10 10/11p ordinary	Sale	7,158	2.7583  GBP
10 10/11p ordinary	Sale	6,966	2.7763  GBP
10 10/11p ordinary	Sale	6,745	2.7500  GBP
10 10/11p ordinary	Sale	6,732	2.7392  GBP
10 10/11p ordinary	Sale	6,460	2.7711  GBP
10 10/11p ordinary	Sale	4,694	2.7339  GBP
10 10/11p ordinary	Sale	4,689	2.7320  GBP
10 10/11p ordinary	Sale	3,604	2.7570  GBP
10 10/11p ordinary	Sale	3,346	2.7658  GBP
10 10/11p ordinary	Sale	2,622	2.7547  GBP
10 10/11p ordinary	Sale	2,150	2.7820  GBP
10 10/11p ordinary	Sale	1,598	2.7315  GBP
10 10/11p ordinary	Sale	1,033	2.7540  GBP
10 10/11p ordinary	Sale	996	2.7630  GBP
10 10/11p ordinary	Sale	396	2.7794  GBP
10 10/11p ordinary	Sale	55	2.7860  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	500,000	2.6386  GBP
10 10/11p ordinary	SWAP	Decreasing Short	217,552	2.7220  GBP
10 10/11p ordinary	SWAP	Decreasing Short	1,598	2.7315  GBP
10 10/11p ordinary	SWAP	Decreasing Short	4,689	2.7319  GBP
10 10/11p ordinary	SWAP	Decreasing Short	334,585	2.7332  GBP
10 10/11p ordinary	SWAP	Decreasing Short	4,694	2.7339  GBP
10 10/11p ordinary	SWAP	Decreasing Short	89,958	2.7403  GBP
10 10/11p ordinary	SWAP	Decreasing Short	24,400	2.7472  GBP
10 10/11p ordinary	SWAP	Decreasing Short	1,862	2.7479  GBP
10 10/11p ordinary	SWAP	Decreasing Short	78,657	2.7497  GBP
10 10/11p ordinary	SWAP	Decreasing Short	7,021	2.7520  GBP
10 10/11p ordinary	SWAP	Decreasing Short	17,700	2.7527  GBP
10 10/11p ordinary	SWAP	Decreasing Short	30,530	2.7605  GBP
10 10/11p ordinary	SWAP	Decreasing Short	10,942	2.7627  GBP
10 10/11p ordinary	SWAP	Decreasing Short	996	2.7630  GBP
10 10/11p ordinary	SWAP	Decreasing Short	3,346	2.7658  GBP
10 10/11p ordinary	SWAP	Decreasing Short	463,884	2.7684  GBP
10 10/11p ordinary	SWAP	Decreasing Short	103,585	2.7761  GBP
10 10/11p ordinary	SWAP	Decreasing Short	14,324	2.7769  GBP
10 10/11p ordinary	SWAP	Decreasing Short	396	2.7794  GBP
10 10/11p ordinary	SWAP	Decreasing Short	2,150	2.7820  GBP
10 10/11p ordinary	SWAP	Decreasing Short	107,506	2.7900  GBP
10 10/11p ordinary	SWAP	Increasing Short	500,000	2.6380  GBP
10 10/11p ordinary	SWAP	Increasing Short	1,253	2.7120  GBP
10 10/11p ordinary	SWAP	Increasing Short	3,000	2.7392  GBP
10 10/11p ordinary	SWAP	Increasing Short	2,013	2.7400  GBP
10 10/11p ordinary	SWAP	Increasing Short	250,000	2.7414  GBP
10 10/11p ordinary	SWAP	Increasing Short	22,970	2.7575  GBP
10 10/11p ordinary	SWAP	Increasing Short	145,166	2.7589  GBP
10 10/11p ordinary	SWAP	Increasing Short	1,962	2.7600  GBP
10 10/11p ordinary	SWAP	Increasing Short	5,722	2.7641  GBP
10 10/11p ordinary	SWAP	Increasing Short	24,460	2.7663  GBP
10 10/11p ordinary	SWAP	Increasing Short	86,960	2.7691  GBP
10 10/11p ordinary	SWAP	Increasing Short	25,516	2.7840  GBP
10 10/11p ordinary	SWAP	Increasing Short	9,512	2.7877  GBP
10 10/11p ordinary	SWAP	Increasing Short	50,944	2.7900  GBP
10 10/11p ordinary	SWAP	Increasing Short	29,788	2.7901  GBP
10 10/11p ordinary	CFD	Increasing Short	37,845	2.7527  GBP
10 10/11p ordinary	CFD	Increasing Short	613	2.7653  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:				28 Feb 2025
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

END