Form 8.3 DIRECT LINE INSURANCE GROUP PLC

Barclays PLC

17 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:			14 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:				34,446,733	2.63%	10,937,306	0.83%
(2) Cash-settled derivatives:				10,581,847	0.81%	33,808,210	2.58%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				45,028,580	3.43%	44,745,516	3.41%
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	500,000	2.7661  GBP
10 10/11p ordinary	Purchase	212,256	2.7940  GBP
10 10/11p ordinary	Purchase	90,328	2.7915  GBP
10 10/11p ordinary	Purchase	82,000	2.7896  GBP
10 10/11p ordinary	Purchase	51,581	2.7884  GBP
10 10/11p ordinary	Purchase	31,838	2.7910  GBP
10 10/11p ordinary	Purchase	17,803	2.7885  GBP
10 10/11p ordinary	Purchase	10,748	2.7923  GBP
10 10/11p ordinary	Purchase	5,402	2.7879  GBP
10 10/11p ordinary	Purchase	2,483	2.7860  GBP
10 10/11p ordinary	Purchase	1,707	2.7956  GBP
10 10/11p ordinary	Purchase	850	2.7877  GBP
10 10/11p ordinary	Purchase	378	2.7900  GBP
10 10/11p ordinary	Sale	185,253	2.7918  GBP
10 10/11p ordinary	Sale	78,684	2.7939  GBP
10 10/11p ordinary	Sale	76,330	2.7940  GBP
10 10/11p ordinary	Sale	42,658	2.7900  GBP
10 10/11p ordinary	Sale	40,711	2.7926  GBP
10 10/11p ordinary	Sale	32,061	2.7850  GBP
10 10/11p ordinary	Sale	16,376	2.7877  GBP
10 10/11p ordinary	Sale	11,618	2.7907  GBP
10 10/11p ordinary	Sale	9,281	2.7875  GBP
10 10/11p ordinary	Sale	6,872	2.7858  GBP
10 10/11p ordinary	Sale	6,519	2.7853  GBP
10 10/11p ordinary	Sale	6,150	2.7869  GBP
10 10/11p ordinary	Sale	5,169	2.7952  GBP
10 10/11p ordinary	Sale	4,966	2.7860  GBP
10 10/11p ordinary	Sale	4,875	2.7857  GBP
10 10/11p ordinary	Sale	4,511	2.7836  GBP
10 10/11p ordinary	Sale	4,093	2.7920  GBP
10 10/11p ordinary	Sale	3,041	2.7868  GBP
10 10/11p ordinary	Sale	2,974	2.7914  GBP
10 10/11p ordinary	Sale	2,085	2.7949  GBP
10 10/11p ordinary	Sale	2,055	2.7880  GBP
10 10/11p ordinary	Sale	1,429	2.7937  GBP
10 10/11p ordinary	Sale	838	2.7876  GBP
10 10/11p ordinary	Sale	290	2.7925  GBP
10 10/11p ordinary	Sale	172	2.7890  GBP
10 10/11p ordinary	Sale	140	2.7919  GBP
10 10/11p ordinary	Sale	60	2.7780  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	500,000	2.7660  GBP
10 10/11p ordinary	SWAP	Decreasing Short	9,665	2.7658  GBP
10 10/11p ordinary	SWAP	Decreasing Short	16,376	2.7877  GBP
10 10/11p ordinary	SWAP	Decreasing Short	1,902	2.7880  GBP
10 10/11p ordinary	SWAP	Decreasing Short	95,200	2.7896  GBP
10 10/11p ordinary	SWAP	Decreasing Short	17,644	2.7897  GBP
10 10/11p ordinary	SWAP	Decreasing Short	1,680	2.7900  GBP
10 10/11p ordinary	SWAP	Decreasing Short	11,618	2.7907  GBP
10 10/11p ordinary	SWAP	Decreasing Short	2,974	2.7914  GBP
10 10/11p ordinary	SWAP	Decreasing Short	3,860	2.7920  GBP
10 10/11p ordinary	SWAP	Decreasing Short	25,122	2.7921  GBP
10 10/11p ordinary	SWAP	Decreasing Short	40,711	2.7926  GBP
10 10/11p ordinary	SWAP	Decreasing Short	1,429	2.7937  GBP
10 10/11p ordinary	SWAP	Decreasing Short	78,684	2.7939  GBP
10 10/11p ordinary	SWAP	Decreasing Short	90,595	2.7940  GBP
10 10/11p ordinary	SWAP	Decreasing Short	59,200	2.7941  GBP
10 10/11p ordinary	SWAP	Decreasing Short	2,085	2.7949  GBP
10 10/11p ordinary	SWAP	Increasing Short	51,581	2.7884  GBP
10 10/11p ordinary	SWAP	Increasing Short	4,542	2.7885  GBP
10 10/11p ordinary	SWAP	Increasing Short	15,401	2.7893  GBP
10 10/11p ordinary	SWAP	Increasing Short	378	2.7900  GBP
10 10/11p ordinary	SWAP	Increasing Short	31,335	2.7910  GBP
10 10/11p ordinary	SWAP	Increasing Short	84,068	2.7914  GBP
10 10/11p ordinary	SWAP	Increasing Short	10,748	2.7923  GBP
10 10/11p ordinary	SWAP	Increasing Short	503	2.7925  GBP
10 10/11p ordinary	SWAP	Increasing Short	137,504	2.7940  GBP
10 10/11p ordinary	SWAP	Increasing Short	59,340	2.7941  GBP
10 10/11p ordinary	CFD	Decreasing Short	3,948	2.7754  GBP
10 10/11p ordinary	CFD	Increasing Short	8,472	2.7898  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:				17 Mar 2025
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

END