Form 8.3 DIRECT LINE INSURANCE GROUP PLC

Barclays PLC

24 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:			21 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:				35,115,037	2.68%	8,455,216	0.64%
(2) Cash-settled derivatives:				8,801,572	0.67%	33,991,252	2.59%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				43,916,609	3.35%	42,446,468	3.23%
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	875,437	2.7780  GBP
10 10/11p ordinary	Purchase	856,952	2.7798  GBP
10 10/11p ordinary	Purchase	444,842	2.7896  GBP
10 10/11p ordinary	Purchase	219,892	2.8041  GBP
10 10/11p ordinary	Purchase	188,607	2.8087  GBP
10 10/11p ordinary	Purchase	125,409	2.7994  GBP
10 10/11p ordinary	Purchase	108,020	2.8053  GBP
10 10/11p ordinary	Purchase	63,599	2.8056  GBP
10 10/11p ordinary	Purchase	61,374	2.8109  GBP
10 10/11p ordinary	Purchase	51,086	2.8070  GBP
10 10/11p ordinary	Purchase	46,989	2.8080  GBP
10 10/11p ordinary	Purchase	44,469	2.8064  GBP
10 10/11p ordinary	Purchase	21,748	2.8069  GBP
10 10/11p ordinary	Purchase	12,561	2.8100  GBP
10 10/11p ordinary	Purchase	8,770	2.8090  GBP
10 10/11p ordinary	Purchase	7,549	2.8113  GBP
10 10/11p ordinary	Purchase	7,121	2.8061  GBP
10 10/11p ordinary	Purchase	6,860	2.7781  GBP
10 10/11p ordinary	Purchase	5,938	2.8023  GBP
10 10/11p ordinary	Purchase	5,537	2.8085  GBP
10 10/11p ordinary	Purchase	4,780	2.8073  GBP
10 10/11p ordinary	Purchase	4,360	2.8060  GBP
10 10/11p ordinary	Purchase	4,181	2.8063  GBP
10 10/11p ordinary	Purchase	3,125	2.8107  GBP
10 10/11p ordinary	Purchase	2,893	2.8066  GBP
10 10/11p ordinary	Purchase	2,097	2.8020  GBP
10 10/11p ordinary	Purchase	1,213	2.8120  GBP
10 10/11p ordinary	Purchase	999	2.7923  GBP
10 10/11p ordinary	Sale	805,811	2.7977  GBP
10 10/11p ordinary	Sale	666,424	2.7780  GBP
10 10/11p ordinary	Sale	219,892	2.8041  GBP
10 10/11p ordinary	Sale	108,020	2.8053  GBP
10 10/11p ordinary	Sale	85,957	2.8052  GBP
10 10/11p ordinary	Sale	84,424	2.7819  GBP
10 10/11p ordinary	Sale	65,146	2.8048  GBP
10 10/11p ordinary	Sale	50,534	2.8104  GBP
10 10/11p ordinary	Sale	49,378	2.8066  GBP
10 10/11p ordinary	Sale	25,096	2.8035  GBP
10 10/11p ordinary	Sale	17,830	2.8020  GBP
10 10/11p ordinary	Sale	8,338	2.7893  GBP
10 10/11p ordinary	Sale	8,335	2.8046  GBP
10 10/11p ordinary	Sale	5,862	2.8144  GBP
10 10/11p ordinary	Sale	2,209	2.8023  GBP
10 10/11p ordinary	Sale	1,741	2.8071  GBP
10 10/11p ordinary	Sale	1,059	2.7774  GBP
10 10/11p ordinary	Sale	699	2.8000  GBP
10 10/11p ordinary	Sale	112	2.8080  GBP
10 10/11p ordinary	Sale	2	2.7900  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	1,059	2.7774  GBP
10 10/11p ordinary	SWAP	Decreasing Short	71,233	2.7780  GBP
10 10/11p ordinary	SWAP	Decreasing Short	8,338	2.7893  GBP
10 10/11p ordinary	SWAP	Decreasing Short	2	2.7918  GBP
10 10/11p ordinary	SWAP	Decreasing Short	20,662	2.8030  GBP
10 10/11p ordinary	SWAP	Decreasing Short	34,157	2.8035  GBP
10 10/11p ordinary	SWAP	Decreasing Short	65,146	2.8048  GBP
10 10/11p ordinary	SWAP	Decreasing Short	12,426	2.8051  GBP
10 10/11p ordinary	SWAP	Decreasing Short	51,800	2.8063  GBP
10 10/11p ordinary	SWAP	Decreasing Short	49,378	2.8066  GBP
10 10/11p ordinary	SWAP	Decreasing Short	1,741	2.8071  GBP
10 10/11p ordinary	SWAP	Decreasing Short	5,982	2.8144  GBP
10 10/11p ordinary	SWAP	Decreasing Short	18	2.8400  GBP
10 10/11p ordinary	SWAP	Increasing Short	690,918	2.7780  GBP
10 10/11p ordinary	SWAP	Increasing Short	164,775	2.7811  GBP
10 10/11p ordinary	SWAP	Increasing Short	79,567	2.7829  GBP
10 10/11p ordinary	SWAP	Increasing Short	999	2.7923  GBP
10 10/11p ordinary	SWAP	Increasing Short	5,938	2.8023  GBP
10 10/11p ordinary	SWAP	Increasing Short	4,895	2.8044  GBP
10 10/11p ordinary	SWAP	Increasing Short	1,050	2.8060  GBP
10 10/11p ordinary	SWAP	Increasing Short	7,121	2.8061  GBP
10 10/11p ordinary	SWAP	Increasing Short	34,880	2.8070  GBP
10 10/11p ordinary	SWAP	Increasing Short	41,982	2.8085  GBP
10 10/11p ordinary	SWAP	Increasing Short	12,561	2.8100  GBP
10 10/11p ordinary	SWAP	Increasing Short	61,374	2.8109  GBP
10 10/11p ordinary	CFD	Decreasing Short	22,585	2.8084  GBP
10 10/11p ordinary	CFD	Increasing Short	85,854	2.7782  GBP
10 10/11p ordinary	CFD	Increasing Short	5,081	2.8028  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:				24 Mar 2025
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

END