Form 8.3 DIRECT LINE INSURANCE GROUP PLC

Barclays PLC

07 March 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:			06 Mar 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:				22,778,383	1.74%	12,282,948	0.94%
(2) Cash-settled derivatives:				11,373,178	0.87%	21,970,853	1.68%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				34,151,561	2.60%	34,253,801	2.61%
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	2,000,000	2.7520  GBP
10 10/11p ordinary	Purchase	99,619	2.7637  GBP
10 10/11p ordinary	Purchase	60,671	2.7775  GBP
10 10/11p ordinary	Purchase	35,620	2.7625  GBP
10 10/11p ordinary	Purchase	34,880	2.7688  GBP
10 10/11p ordinary	Purchase	34,160	2.7673  GBP
10 10/11p ordinary	Purchase	24,000	2.7621  GBP
10 10/11p ordinary	Purchase	20,621	2.7782  GBP
10 10/11p ordinary	Purchase	15,638	2.7670  GBP
10 10/11p ordinary	Purchase	15,249	2.7620  GBP
10 10/11p ordinary	Purchase	12,162	2.7644  GBP
10 10/11p ordinary	Purchase	9,100	2.7770  GBP
10 10/11p ordinary	Purchase	9,053	2.7837  GBP
10 10/11p ordinary	Purchase	7,220	2.7704  GBP
10 10/11p ordinary	Purchase	5,538	2.7685  GBP
10 10/11p ordinary	Purchase	4,683	2.7713  GBP
10 10/11p ordinary	Purchase	4,375	2.7640  GBP
10 10/11p ordinary	Purchase	1,945	2.7800  GBP
10 10/11p ordinary	Purchase	1,078	2.7540  GBP
10 10/11p ordinary	Purchase	944	2.7593  GBP
10 10/11p ordinary	Purchase	778	2.7820  GBP
10 10/11p ordinary	Purchase	399	2.7760  GBP
10 10/11p ordinary	Purchase	272	2.7700  GBP
10 10/11p ordinary	Purchase	229	2.7720  GBP
10 10/11p ordinary	Sale	439,669	2.7685  GBP
10 10/11p ordinary	Sale	202,962	2.7679  GBP
10 10/11p ordinary	Sale	187,535	2.7655  GBP
10 10/11p ordinary	Sale	185,683	2.7620  GBP
10 10/11p ordinary	Sale	110,636	2.7640  GBP
10 10/11p ordinary	Sale	61,054	2.7633  GBP
10 10/11p ordinary	Sale	54,147	2.7658  GBP
10 10/11p ordinary	Sale	50,405	2.7616  GBP
10 10/11p ordinary	Sale	32,071	2.7662  GBP
10 10/11p ordinary	Sale	25,711	2.7559  GBP
10 10/11p ordinary	Sale	16,931	2.7636  GBP
10 10/11p ordinary	Sale	15,319	2.7654  GBP
10 10/11p ordinary	Sale	14,488	2.7639  GBP
10 10/11p ordinary	Sale	13,480	2.7638  GBP
10 10/11p ordinary	Sale	12,038	2.7805  GBP
10 10/11p ordinary	Sale	9,089	2.7689  GBP
10 10/11p ordinary	Sale	6,888	2.7740  GBP
10 10/11p ordinary	Sale	6,397	2.7692  GBP
10 10/11p ordinary	Sale	3,921	2.7609  GBP
10 10/11p ordinary	Sale	3,600	2.7704  GBP
10 10/11p ordinary	Sale	2,967	2.7734  GBP
10 10/11p ordinary	Sale	2,572	2.7733  GBP
10 10/11p ordinary	Sale	2,418	2.7624  GBP
10 10/11p ordinary	Sale	2,395	2.7820  GBP
10 10/11p ordinary	Sale	2,394	2.7708  GBP
10 10/11p ordinary	Sale	2,314	2.7716  GBP
10 10/11p ordinary	Sale	2,270	2.7610  GBP
10 10/11p ordinary	Sale	1,676	2.7575  GBP
10 10/11p ordinary	Sale	1,655	2.7815  GBP
10 10/11p ordinary	Sale	1,398	2.7730  GBP
10 10/11p ordinary	Sale	757	2.7720  GBP
10 10/11p ordinary	Sale	676	2.7800  GBP
10 10/11p ordinary	Sale	421	2.7709  GBP
10 10/11p ordinary	Sale	346	2.7700  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 Short	1,816,600	2.7520  GBP
10 10/11p ordinary	SWAP	Decreasing Short	18,411	2.7534  GBP
10 10/11p ordinary	SWAP	Decreasing Short	7,903	2.7548  GBP
10 10/11p ordinary	SWAP	Decreasing Short	89,305	2.7616  GBP
10 10/11p ordinary	SWAP	Decreasing Short	136,997	2.7618  GBP
10 10/11p ordinary	SWAP	Decreasing Short	7,300	2.7621  GBP
10 10/11p ordinary	SWAP	Decreasing Short	83,422	2.7634  GBP
10 10/11p ordinary	SWAP	Decreasing Short	16,931	2.7636  GBP
10 10/11p ordinary	SWAP	Decreasing Short	13,480	2.7638  GBP
10 10/11p ordinary	SWAP	Decreasing Short	14,525	2.7639  GBP
10 10/11p ordinary	SWAP	Decreasing Short	185,965	2.7640  GBP
10 10/11p ordinary	SWAP	Decreasing Short	962	2.7655  GBP
10 10/11p ordinary	SWAP	Decreasing Short	7,544	2.7656  GBP
10 10/11p ordinary	SWAP	Decreasing Short	54,147	2.7658  GBP
10 10/11p ordinary	SWAP	Decreasing Short	69,435	2.7662  GBP
10 10/11p ordinary	SWAP	Decreasing Short	202,962	2.7679  GBP
10 10/11p ordinary	SWAP	Decreasing Short	439,669	2.7685  GBP
10 10/11p ordinary	SWAP	Decreasing Short	30,006	2.7686  GBP
10 10/11p ordinary	SWAP	Decreasing Short	6,397	2.7692  GBP
10 10/11p ordinary	SWAP	Decreasing Short	24,168	2.7699  GBP
10 10/11p ordinary	SWAP	Decreasing Short	3,600	2.7704  GBP
10 10/11p ordinary	SWAP	Decreasing Short	421	2.7709  GBP
10 10/11p ordinary	SWAP	Decreasing Short	2,314	2.7716  GBP
10 10/11p ordinary	SWAP	Decreasing Short	3,187	2.7727  GBP
10 10/11p ordinary	SWAP	Decreasing Short	5,468	2.7740  GBP
10 10/11p ordinary	SWAP	Increasing Short	15,249	2.7620  GBP
10 10/11p ordinary	SWAP	Increasing Short	24,000	2.7621  GBP
10 10/11p ordinary	SWAP	Increasing Short	2,035	2.7640  GBP
10 10/11p ordinary	SWAP	Increasing Short	66,724	2.7641  GBP
10 10/11p ordinary	SWAP	Increasing Short	29,996	2.7652  GBP
10 10/11p ordinary	SWAP	Increasing Short	70,500	2.7656  GBP
10 10/11p ordinary	SWAP	Increasing Short	15,638	2.7670  GBP
10 10/11p ordinary	SWAP	Increasing Short	4,066	2.7677  GBP
10 10/11p ordinary	SWAP	Increasing Short	4,683	2.7712  GBP
10 10/11p ordinary	SWAP	Increasing Short	9,100	2.7770  GBP
10 10/11p ordinary	SWAP	Increasing Short	60,671	2.7775  GBP
10 10/11p ordinary	SWAP	Increasing Short	7,960	2.7782  GBP
10 10/11p ordinary	SWAP	Increasing Short	5,624	2.7811  GBP
10 10/11p ordinary	SWAP	Increasing Short	3,649	2.7880  GBP
10 10/11p ordinary	CFD	Decreasing Short	140	2.7638  GBP
10 10/11p ordinary	CFD	Increasing Short	4,597	2.7630  GBP
10 10/11p ordinary	CFD	Increasing Short	33,346	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:				07 Mar 2025
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

END