Form 8.3 DIRECT LINE INSURANCE GROUP PLC

Barclays PLC

26 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:			25 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:				35,103,405	2.68%	8,066,902	0.61%
(2) Cash-settled derivatives:				8,393,521	0.64%	33,963,963	2.59%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				43,496,926	3.32%	42,030,865	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	131,257	2.8300  GBP
10 10/11p ordinary	Purchase	79,557	2.8287  GBP
10 10/11p ordinary	Purchase	29,283	2.8299  GBP
10 10/11p ordinary	Purchase	28,486	2.8310  GBP
10 10/11p ordinary	Purchase	22,009	2.8338  GBP
10 10/11p ordinary	Purchase	14,300	2.8323  GBP
10 10/11p ordinary	Purchase	12,263	2.8328  GBP
10 10/11p ordinary	Purchase	7,585	2.8320  GBP
10 10/11p ordinary	Purchase	6,500	2.8301  GBP
10 10/11p ordinary	Purchase	4,086	2.8302  GBP
10 10/11p ordinary	Purchase	3,772	2.8345  GBP
10 10/11p ordinary	Purchase	2,914	2.8378  GBP
10 10/11p ordinary	Purchase	793	2.8360  GBP
10 10/11p ordinary	Purchase	619	2.8260  GBP
10 10/11p ordinary	Purchase	571	2.8240  GBP
ADR	Purchase	400	14.6000  USD
10 10/11p ordinary	Purchase	200	2.8160  GBP
10 10/11p ordinary	Purchase	112	2.8340  GBP
10 10/11p ordinary	Purchase	64	2.8430  GBP
10 10/11p ordinary	Sale	78,649	2.8299  GBP
10 10/11p ordinary	Sale	70,832	2.8296  GBP
10 10/11p ordinary	Sale	43,279	2.8295  GBP
10 10/11p ordinary	Sale	17,389	2.8300  GBP
10 10/11p ordinary	Sale	15,402	2.8304  GBP
10 10/11p ordinary	Sale	14,044	2.8281  GBP
10 10/11p ordinary	Sale	12,377	2.8294  GBP
10 10/11p ordinary	Sale	10,201	2.8340  GBP
10 10/11p ordinary	Sale	10,020	2.8260  GBP
10 10/11p ordinary	Sale	9,832	2.8320  GBP
10 10/11p ordinary	Sale	8,770	2.8284  GBP
10 10/11p ordinary	Sale	7,125	2.8316  GBP
10 10/11p ordinary	Sale	6,498	2.8327  GBP
10 10/11p ordinary	Sale	5,586	2.8301  GBP
10 10/11p ordinary	Sale	4,800	2.8273  GBP
10 10/11p ordinary	Sale	2,124	2.8310  GBP
10 10/11p ordinary	Sale	2,047	2.8360  GBP
10 10/11p ordinary	Sale	1,893	2.8259  GBP
10 10/11p ordinary	Sale	1,062	2.8297  GBP
10 10/11p ordinary	Sale	815	2.8313  GBP
10 10/11p ordinary	Sale	594	2.8220  GBP
10 10/11p ordinary	Sale	571	2.8240  GBP
ADR	Sale	400	14.6000  USD
10 10/11p ordinary	Sale	200	2.8160  GBP
10 10/11p ordinary	Sale	135	2.8199  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	135	2.8199  GBP
10 10/11p ordinary	SWAP	Decreasing Short	1,893	2.8259  GBP
10 10/11p ordinary	SWAP	Decreasing Short	670	2.8268  GBP
10 10/11p ordinary	SWAP	Decreasing Short	4,800	2.8273  GBP
10 10/11p ordinary	SWAP	Decreasing Short	14,044	2.8281  GBP
10 10/11p ordinary	SWAP	Decreasing Short	8,770	2.8284  GBP
10 10/11p ordinary	SWAP	Decreasing Short	1,306	2.8299  GBP
10 10/11p ordinary	SWAP	Decreasing Short	54,001	2.8300  GBP
10 10/11p ordinary	SWAP	Decreasing Short	15,948	2.8307  GBP
10 10/11p ordinary	SWAP	Decreasing Short	815	2.8313  GBP
10 10/11p ordinary	SWAP	Decreasing Short	787	2.8316  GBP
10 10/11p ordinary	SWAP	Decreasing Short	911	2.8320  GBP
10 10/11p ordinary	SWAP	Decreasing Short	1,368	2.8343  GBP
10 10/11p ordinary	SWAP	Increasing Short	400	2.8213  GBP
10 10/11p ordinary	SWAP	Increasing Short	373	2.8260  GBP
10 10/11p ordinary	SWAP	Increasing Short	55,284	2.8300  GBP
10 10/11p ordinary	SWAP	Increasing Short	6,500	2.8301  GBP
10 10/11p ordinary	SWAP	Increasing Short	4,086	2.8302  GBP
10 10/11p ordinary	SWAP	Increasing Short	17,888	2.8304  GBP
10 10/11p ordinary	SWAP	Increasing Short	6,421	2.8318  GBP
10 10/11p ordinary	SWAP	Increasing Short	14,300	2.8323  GBP
10 10/11p ordinary	SWAP	Increasing Short	12,263	2.8328  GBP
10 10/11p ordinary	SWAP	Increasing Short	2,914	2.8378  GBP
10 10/11p ordinary	CFD	Increasing Short	400	2.8282  GBP
10 10/11p ordinary	CFD	Increasing Short	13,020	2.8381  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:				26 Mar 2025
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

END