Form 8.3 DIRECT LINE INSURANCE GROUP PLC

Barclays PLC

19 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:			18 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:				34,480,947	2.63%	10,139,979	0.77%
(2) Cash-settled derivatives:				9,751,888	0.74%	33,806,244	2.58%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				44,232,835	3.37%	43,946,223	3.35%
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	241,104	2.8277  GBP
10 10/11p ordinary	Purchase	186,283	2.8283  GBP
10 10/11p ordinary	Purchase	131,661	2.8268  GBP
10 10/11p ordinary	Purchase	106,328	2.8260  GBP
10 10/11p ordinary	Purchase	44,113	2.8286  GBP
10 10/11p ordinary	Purchase	33,319	2.8254  GBP
10 10/11p ordinary	Purchase	30,662	2.8253  GBP
10 10/11p ordinary	Purchase	13,828	2.8272  GBP
10 10/11p ordinary	Purchase	6,772	2.8245  GBP
10 10/11p ordinary	Purchase	6,392	2.8219  GBP
10 10/11p ordinary	Purchase	5,862	2.8246  GBP
10 10/11p ordinary	Purchase	2,620	2.8250  GBP
10 10/11p ordinary	Purchase	2,617	2.8240  GBP
10 10/11p ordinary	Purchase	2,604	2.8300  GBP
10 10/11p ordinary	Purchase	2,325	2.8320  GBP
10 10/11p ordinary	Purchase	2,044	2.8220  GBP
10 10/11p ordinary	Purchase	1,051	2.8297  GBP
10 10/11p ordinary	Sale	69,053	2.8247  GBP
10 10/11p ordinary	Sale	30,894	2.8250  GBP
10 10/11p ordinary	Sale	29,936	2.8234  GBP
10 10/11p ordinary	Sale	16,932	2.8244  GBP
10 10/11p ordinary	Sale	9,730	2.8236  GBP
10 10/11p ordinary	Sale	9,247	2.8260  GBP
10 10/11p ordinary	Sale	5,458	2.8240  GBP
10 10/11p ordinary	Sale	3,500	2.8280  GBP
10 10/11p ordinary	Sale	2,736	2.8242  GBP
10 10/11p ordinary	Sale	2,726	2.8259  GBP
10 10/11p ordinary	Sale	2,492	2.8228  GBP
10 10/11p ordinary	Sale	2,132	2.8297  GBP
10 10/11p ordinary	Sale	1,750	2.8270  GBP
10 10/11p ordinary	Sale	1,688	2.8209  GBP
10 10/11p ordinary	Sale	1,105	2.8300  GBP
10 10/11p ordinary	Sale	502	2.8271  GBP
10 10/11p ordinary	Sale	226	2.8979  GBP
10 10/11p ordinary	Sale	172	2.8263  GBP
10 10/11p ordinary	Sale	14	2.8222  GBP
10 10/11p ordinary	Sale	1	2.8400  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	11,100	2.8202  GBP
10 10/11p ordinary	SWAP	Decreasing Short	14	2.8222  GBP
10 10/11p ordinary	SWAP	Decreasing Short	436	2.8234  GBP
10 10/11p ordinary	SWAP	Decreasing Short	1,130	2.8236  GBP
10 10/11p ordinary	SWAP	Decreasing Short	11,581	2.8238  GBP
10 10/11p ordinary	SWAP	Decreasing Short	2,736	2.8242  GBP
10 10/11p ordinary	SWAP	Decreasing Short	14,989	2.8247  GBP
10 10/11p ordinary	SWAP	Decreasing Short	23,584	2.8248  GBP
10 10/11p ordinary	SWAP	Decreasing Short	30,894	2.8250  GBP
10 10/11p ordinary	SWAP	Decreasing Short	15,949	2.8252  GBP
10 10/11p ordinary	SWAP	Decreasing Short	18,400	2.8253  GBP
10 10/11p ordinary	SWAP	Decreasing Short	2,726	2.8259  GBP
10 10/11p ordinary	SWAP	Decreasing Short	172	2.8264  GBP
10 10/11p ordinary	SWAP	Decreasing Short	4,408	2.8267  GBP
10 10/11p ordinary	SWAP	Decreasing Short	502	2.8271  GBP
10 10/11p ordinary	SWAP	Decreasing Short	4,316	2.8272  GBP
10 10/11p ordinary	SWAP	Decreasing Short	2,186	2.8297  GBP
10 10/11p ordinary	SWAP	Decreasing Short	29	2.8980  GBP
10 10/11p ordinary	SWAP	Increasing Short	6,772	2.8245  GBP
10 10/11p ordinary	SWAP	Increasing Short	55,100	2.8250  GBP
10 10/11p ordinary	SWAP	Increasing Short	2,381	2.8253  GBP
10 10/11p ordinary	SWAP	Increasing Short	16,870	2.8258  GBP
10 10/11p ordinary	SWAP	Increasing Short	109,455	2.8260  GBP
10 10/11p ordinary	SWAP	Increasing Short	17,467	2.8261  GBP
10 10/11p ordinary	SWAP	Increasing Short	13,005	2.8264  GBP
10 10/11p ordinary	SWAP	Increasing Short	79,576	2.8269  GBP
10 10/11p ordinary	SWAP	Increasing Short	27,830	2.8272  GBP
10 10/11p ordinary	SWAP	Increasing Short	218,734	2.8277  GBP
10 10/11p ordinary	SWAP	Increasing Short	177,385	2.8283  GBP
10 10/11p ordinary	SWAP	Increasing Short	44,113	2.8286  GBP
10 10/11p ordinary	CFD	Decreasing Short	31,143	2.8238  GBP
10 10/11p ordinary	CFD	Increasing Short	43,085	2.8275  GBP
10 10/11p ordinary	CFD	Increasing Short	388	2.8421  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:				19 Mar 2025
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

END