Form 8.3 DIRECT LINE INSURANCE GROUP PLC

Barclays PLC

14 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:			13 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:				34,087,756	2.60%	11,036,492	0.84%
(2) Cash-settled derivatives:				10,684,467	0.81%	33,469,651	2.55%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				44,772,223	3.41%	44,506,143	3.39%
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	2,003,234	2.7808  GBP
10 10/11p ordinary	Purchase	316,428	2.7800  GBP
10 10/11p ordinary	Purchase	285,842	2.7796  GBP
10 10/11p ordinary	Purchase	91,579	2.7789  GBP
10 10/11p ordinary	Purchase	88,566	2.7829  GBP
10 10/11p ordinary	Purchase	63,395	2.7784  GBP
10 10/11p ordinary	Purchase	60,174	2.7828  GBP
10 10/11p ordinary	Purchase	50,927	2.7783  GBP
10 10/11p ordinary	Purchase	48,737	2.7798  GBP
10 10/11p ordinary	Purchase	29,374	2.7778  GBP
10 10/11p ordinary	Purchase	22,404	2.7765  GBP
10 10/11p ordinary	Purchase	22,361	2.7809  GBP
10 10/11p ordinary	Purchase	21,343	2.7837  GBP
10 10/11p ordinary	Purchase	12,041	2.7823  GBP
10 10/11p ordinary	Purchase	10,378	2.7824  GBP
10 10/11p ordinary	Purchase	6,443	2.7759  GBP
10 10/11p ordinary	Purchase	4,621	2.7860  GBP
10 10/11p ordinary	Purchase	4,279	2.7742  GBP
10 10/11p ordinary	Purchase	3,815	2.7802  GBP
10 10/11p ordinary	Purchase	3,324	2.7820  GBP
10 10/11p ordinary	Purchase	3,119	2.7818  GBP
10 10/11p ordinary	Purchase	2,538	2.7810  GBP
10 10/11p ordinary	Purchase	1,621	2.7790  GBP
10 10/11p ordinary	Purchase	921	2.7822  GBP
10 10/11p ordinary	Purchase	705	2.7780  GBP
10 10/11p ordinary	Purchase	642	2.7799  GBP
10 10/11p ordinary	Purchase	98	2.7770  GBP
10 10/11p ordinary	Purchase	16	2.7760  GBP
10 10/11p ordinary	Purchase	5	2.7768  GBP
10 10/11p ordinary	Sale	610,359	2.7802  GBP
10 10/11p ordinary	Sale	89,038	2.7799  GBP
10 10/11p ordinary	Sale	77,668	2.7815  GBP
10 10/11p ordinary	Sale	77,033	2.7800  GBP
10 10/11p ordinary	Sale	73,228	2.7809  GBP
10 10/11p ordinary	Sale	61,827	2.7787  GBP
10 10/11p ordinary	Sale	52,240	2.7806  GBP
10 10/11p ordinary	Sale	39,191	2.7816  GBP
10 10/11p ordinary	Sale	31,953	2.7830  GBP
10 10/11p ordinary	Sale	10,927	2.7796  GBP
10 10/11p ordinary	Sale	9,109	2.7780  GBP
10 10/11p ordinary	Sale	8,330	2.7692  GBP
10 10/11p ordinary	Sale	6,405	2.7808  GBP
10 10/11p ordinary	Sale	5,938	2.7756  GBP
10 10/11p ordinary	Sale	5,764	2.7813  GBP
10 10/11p ordinary	Sale	4,846	2.7837  GBP
10 10/11p ordinary	Sale	4,621	2.7860  GBP
10 10/11p ordinary	Sale	4,301	2.7794  GBP
10 10/11p ordinary	Sale	3,662	2.7709  GBP
10 10/11p ordinary	Sale	2,414	2.7779  GBP
10 10/11p ordinary	Sale	1,955	2.7819  GBP
10 10/11p ordinary	Sale	482	2.7824  GBP
10 10/11p ordinary	Sale	339	2.7700  GBP
10 10/11p ordinary	Sale	158	2.7760  GBP
10 10/11p ordinary	Sale	143	2.7740  GBP
10 10/11p ordinary	Sale	43	2.7820  GBP
10 10/11p ordinary	Sale	38	2.7836  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	2,000,000	2.7808  GBP
10 10/11p ordinary	SWAP	Decreasing Short	8,330	2.7692  GBP
10 10/11p ordinary	SWAP	Decreasing Short	3,662	2.7709  GBP
10 10/11p ordinary	SWAP	Decreasing Short	388	2.7760  GBP
10 10/11p ordinary	SWAP	Decreasing Short	22	2.7765  GBP
10 10/11p ordinary	SWAP	Decreasing Short	969	2.7775  GBP
10 10/11p ordinary	SWAP	Decreasing Short	4,259	2.7776  GBP
10 10/11p ordinary	SWAP	Decreasing Short	61,827	2.7787  GBP
10 10/11p ordinary	SWAP	Decreasing Short	4,301	2.7794  GBP
10 10/11p ordinary	SWAP	Decreasing Short	8,126	2.7795  GBP
10 10/11p ordinary	SWAP	Decreasing Short	10,927	2.7796  GBP
10 10/11p ordinary	SWAP	Decreasing Short	89,038	2.7799  GBP
10 10/11p ordinary	SWAP	Decreasing Short	74,099	2.7800  GBP
10 10/11p ordinary	SWAP	Decreasing Short	52,240	2.7806  GBP
10 10/11p ordinary	SWAP	Decreasing Short	6,405	2.7808  GBP
10 10/11p ordinary	SWAP	Decreasing Short	5,764	2.7813  GBP
10 10/11p ordinary	SWAP	Decreasing Short	53,031	2.7814  GBP
10 10/11p ordinary	SWAP	Decreasing Short	56,851	2.7815  GBP
10 10/11p ordinary	SWAP	Decreasing Short	39,191	2.7816  GBP
10 10/11p ordinary	SWAP	Decreasing Short	20,817	2.7817  GBP
10 10/11p ordinary	SWAP	Decreasing Short	1,955	2.7819  GBP
10 10/11p ordinary	SWAP	Decreasing Short	482	2.7824  GBP
10 10/11p ordinary	SWAP	Decreasing Short	2,700	2.7825  GBP
10 10/11p ordinary	SWAP	Decreasing Short	26,100	2.7830  GBP
10 10/11p ordinary	SWAP	Decreasing Short	38	2.7836  GBP
10 10/11p ordinary	SWAP	Decreasing Short	4,846	2.7837  GBP
10 10/11p ordinary	SWAP	Increasing Short	197	2.7722  GBP
10 10/11p ordinary	SWAP	Increasing Short	2,634	2.7775  GBP
10 10/11p ordinary	SWAP	Increasing Short	29,374	2.7778  GBP
10 10/11p ordinary	SWAP	Increasing Short	8,674	2.7782  GBP
10 10/11p ordinary	SWAP	Increasing Short	62,904	2.7784  GBP
10 10/11p ordinary	SWAP	Increasing Short	1,621	2.7790  GBP
10 10/11p ordinary	SWAP	Increasing Short	19,378	2.7796  GBP
10 10/11p ordinary	SWAP	Increasing Short	5,658	2.7798  GBP
10 10/11p ordinary	SWAP	Increasing Short	17,641	2.7800  GBP
10 10/11p ordinary	SWAP	Increasing Short	135,863	2.7801  GBP
10 10/11p ordinary	SWAP	Increasing Short	3,815	2.7802  GBP
10 10/11p ordinary	SWAP	Increasing Short	3,234	2.7808  GBP
10 10/11p ordinary	SWAP	Increasing Short	17,566	2.7816  GBP
10 10/11p ordinary	SWAP	Increasing Short	12,041	2.7823  GBP
10 10/11p ordinary	SWAP	Increasing Short	21,343	2.7837  GBP
10 10/11p ordinary	SWAP	Increasing Short	8,691	2.7839  GBP
10 10/11p ordinary	CFD	Decreasing Short	22,663	2.7793  GBP
10 10/11p ordinary	CFD	Increasing Short	1,666	2.7761  GBP
10 10/11p ordinary	CFD	Increasing Short	9,216	2.7790  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:				14 Mar 2025
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

END