Form 8.3 -DIRECT LINE INSURANCE GROUP PLC

Barclays PLC

25 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:			24 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:				35,114,828	2.68%	8,098,451	0.61%
(2) Cash-settled derivatives:				8,440,408	0.64%	33,982,449	2.59%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				43,555,236	3.32%	42,080,900	3.20%
Class of relevant security:				Convertible Bond 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	335,175	2.8300  GBP
10 10/11p ordinary	Purchase	157,600	2.8308  GBP
10 10/11p ordinary	Purchase	107,095	2.8355  GBP
10 10/11p ordinary	Purchase	43,896	2.8326  GBP
10 10/11p ordinary	Purchase	37,255	2.8360  GBP
10 10/11p ordinary	Purchase	23,402	2.8372  GBP
10 10/11p ordinary	Purchase	17,772	2.8299  GBP
10 10/11p ordinary	Purchase	14,255	2.8340  GBP
10 10/11p ordinary	Purchase	12,670	2.8347  GBP
10 10/11p ordinary	Purchase	7,346	2.8338  GBP
10 10/11p ordinary	Purchase	6,804	2.8320  GBP
10 10/11p ordinary	Purchase	4,777	2.8330  GBP
10 10/11p ordinary	Purchase	4,675	2.8337  GBP
10 10/11p ordinary	Purchase	4,378	2.8251  GBP
10 10/11p ordinary	Purchase	4,271	2.8350  GBP
10 10/11p ordinary	Purchase	3,500	2.8335  GBP
10 10/11p ordinary	Purchase	3,281	2.8321  GBP
10 10/11p ordinary	Purchase	2,257	2.8319  GBP
10 10/11p ordinary	Purchase	1,244	2.8400  GBP
10 10/11p ordinary	Purchase	1,176	2.8354  GBP
10 10/11p ordinary	Purchase	1,155	2.8380  GBP
10 10/11p ordinary	Purchase	1,046	2.8280  GBP
10 10/11p ordinary	Purchase	573	2.8220  GBP
10 10/11p ordinary	Sale	72,920	2.8295  GBP
10 10/11p ordinary	Sale	67,484	2.8308  GBP
10 10/11p ordinary	Sale	53,021	2.8300  GBP
10 10/11p ordinary	Sale	52,921	2.8354  GBP
10 10/11p ordinary	Sale	30,948	2.8238  GBP
10 10/11p ordinary	Sale	29,092	2.8323  GBP
10 10/11p ordinary	Sale	26,285	2.8343  GBP
10 10/11p ordinary	Sale	24,415	2.8327  GBP
10 10/11p ordinary	Sale	16,590	2.8316  GBP
10 10/11p ordinary	Sale	14,565	2.8285  GBP
10 10/11p ordinary	Sale	11,652	2.8345  GBP
10 10/11p ordinary	Sale	10,733	2.8366  GBP
10 10/11p ordinary	Sale	8,506	2.8332  GBP
10 10/11p ordinary	Sale	3,417	2.8340  GBP
10 10/11p ordinary	Sale	3,060	2.8344  GBP
10 10/11p ordinary	Sale	3,050	2.8320  GBP
10 10/11p ordinary	Sale	2,595	2.8360  GBP
10 10/11p ordinary	Sale	1,822	2.8299  GBP
10 10/11p ordinary	Sale	1,649	2.8330  GBP
10 10/11p ordinary	Sale	1,413	2.8280  GBP
10 10/11p ordinary	Sale	1,047	2.8379  GBP
10 10/11p ordinary	Sale	955	2.8380  GBP
10 10/11p ordinary	Sale	573	2.8220  GBP
10 10/11p ordinary	Sale	334	2.8370  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	30,948	2.8238  GBP
10 10/11p ordinary	SWAP	Decreasing Short	15,721	2.8270  GBP
10 10/11p ordinary	SWAP	Decreasing Short	14,565	2.8285  GBP
10 10/11p ordinary	SWAP	Decreasing Short	3,138	2.8288  GBP
10 10/11p ordinary	SWAP	Decreasing Short	15,021	2.8299  GBP
10 10/11p ordinary	SWAP	Decreasing Short	21,904	2.8323  GBP
10 10/11p ordinary	SWAP	Decreasing Short	55,899	2.8324  GBP
10 10/11p ordinary	SWAP	Decreasing Short	35	2.8335  GBP
10 10/11p ordinary	SWAP	Decreasing Short	50,700	2.8336  GBP
10 10/11p ordinary	SWAP	Decreasing Short	3,175	2.8340  GBP
10 10/11p ordinary	SWAP	Decreasing Short	3,060	2.8344  GBP
10 10/11p ordinary	SWAP	Decreasing Short	11,652	2.8345  GBP
10 10/11p ordinary	SWAP	Decreasing Short	37,200	2.8390  GBP
10 10/11p ordinary	SWAP	Decreasing Short	239	2.8399  GBP
10 10/11p ordinary	SWAP	Increasing Short	4,378	2.8251  GBP
10 10/11p ordinary	SWAP	Increasing Short	383,507	2.8300  GBP
10 10/11p ordinary	SWAP	Increasing Short	3,281	2.8321  GBP
10 10/11p ordinary	SWAP	Increasing Short	4,777	2.8330  GBP
10 10/11p ordinary	SWAP	Increasing Short	1,850	2.8340  GBP
10 10/11p ordinary	SWAP	Increasing Short	19,873	2.8345  GBP
10 10/11p ordinary	SWAP	Increasing Short	12,670	2.8347  GBP
10 10/11p ordinary	SWAP	Increasing Short	1,176	2.8354  GBP
10 10/11p ordinary	SWAP	Increasing Short	107,095	2.8355  GBP
10 10/11p ordinary	SWAP	Increasing Short	24,327	2.8358  GBP
10 10/11p ordinary	SWAP	Increasing Short	36,508	2.8360  GBP
10 10/11p ordinary	SWAP	Increasing Short	200	2.8380  GBP
10 10/11p ordinary	CFD	Decreasing Short	5,886	2.8058  GBP
10 10/11p ordinary	CFD	Increasing Short	9,442	2.8318  GBP
10 10/11p ordinary	CFD	Increasing Short	12,420	2.8384  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:				25 Mar 2025
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

END