Form 8.3 DIRECT LINE INSURANCE GROUP PLC

Barclays PLC

14 April 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				DIRECT LINE INSURANCE GROUP PLC
	relevant securities this form relates:
(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:				11 Apr 2025
(f)	In addition to the company in 1(c) above, is the discloser making				YES:
	disclosures in respect of any other party to the offer?				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:			35,645,684	2.72%	7,963,384	0.60%
(2)	Cash-settled derivatives:
	and/or controlled:			8,211,961	0.63%	34,775,709	2.65%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%
	TOTAL:			43,857,645	3.34%	42,739,093	3.25%
(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 EXEMPT PRINCIPAL TRADER
(a)	Purchases and sales
Class of relevant		Purchase/sale		Number of		Price per unit
security				securities
10 10/11p ordinary		Purchase		209,231		2.6553  GBP
10 10/11p ordinary		Purchase		173,362		2.6612  GBP
10 10/11p ordinary		Purchase		101,683		2.6600  GBP
10 10/11p ordinary		Purchase		99,052		2.6700  GBP
10 10/11p ordinary		Purchase		53,702		2.6764  GBP
10 10/11p ordinary		Purchase		43,023		2.6649  GBP
10 10/11p ordinary		Purchase		32,532		2.6667  GBP
10 10/11p ordinary		Purchase		15,613		2.6646  GBP
10 10/11p ordinary		Purchase		10,541		2.6625  GBP
10 10/11p ordinary		Purchase		4,745		2.6692  GBP
10 10/11p ordinary		Purchase		4,640		2.6714  GBP
10 10/11p ordinary		Purchase		3,402		2.6761  GBP
10 10/11p ordinary		Purchase		1,188		2.6705  GBP
10 10/11p ordinary		Purchase		559		2.6720  GBP
10 10/11p ordinary		Sale		209,231		2.6553  GBP
10 10/11p ordinary		Sale		62,694		2.6600  GBP
10 10/11p ordinary		Sale		36,235		2.6633  GBP
10 10/11p ordinary		Sale		32,418		2.6773  GBP
10 10/11p ordinary		Sale		14,882		2.6599  GBP
10 10/11p ordinary		Sale		9,218		2.6565  GBP
10 10/11p ordinary		Sale		8,800		2.6710  GBP
10 10/11p ordinary		Sale		6,924		2.6641  GBP
10 10/11p ordinary		Sale		6,521		2.6712  GBP
10 10/11p ordinary		Sale		5,475		2.6718  GBP
10 10/11p ordinary		Sale		5,111		2.6771  GBP
10 10/11p ordinary		Sale		4,685		2.6639  GBP
10 10/11p ordinary		Sale		4,124		2.6769  GBP
10 10/11p ordinary		Sale		3,884		2.6543  GBP
10 10/11p ordinary		Sale		3,301		2.6519  GBP
10 10/11p ordinary		Sale		2,316		2.6760  GBP
10 10/11p ordinary		Sale		1,384		2.6770  GBP
10 10/11p ordinary		Sale		1,225		2.6668  GBP
10 10/11p ordinary		Sale		602		2.6540  GBP
10 10/11p ordinary		Sale		287		2.6720  GBP
10 10/11p ordinary		Sale		270		2.6620  GBP
10 10/11p ordinary		Sale		107		2.6630  GBP
10 10/11p ordinary		Sale		54		2.6680  GBP
10 10/11p ordinary		Sale		2		2.6560  GBP
(b)	Cash-settled derivative transactions
Class of		Product		Nature of dealing		Number of	Price per
relevant		description				reference	unit
security						securities
10 10/11p ordinary		SWAP		Decreasing Short		3,301	2.6520  GBP
10 10/11p ordinary		SWAP		Decreasing Short		3,884	2.6543  GBP
10 10/11p ordinary		SWAP		Decreasing Short		9,218	2.6565  GBP
10 10/11p ordinary		SWAP		Decreasing Short		14,882	2.6599  GBP
10 10/11p ordinary		SWAP		Decreasing Short		44	2.6600  GBP
10 10/11p ordinary		SWAP		Decreasing Short		428	2.6635  GBP
10 10/11p ordinary		SWAP		Decreasing Short		22	2.6636  GBP
10 10/11p ordinary		SWAP		Decreasing Short		30,070	2.6638  GBP
10 10/11p ordinary		SWAP		Decreasing Short		4,685	2.6639  GBP
10 10/11p ordinary		SWAP		Decreasing Short		6,924	2.6641  GBP
10 10/11p ordinary		SWAP		Decreasing Short		2,400	2.6681  GBP
10 10/11p ordinary		SWAP		Decreasing Short		6,400	2.6722  GBP
10 10/11p ordinary		SWAP		Decreasing Short		152	2.6773  GBP
10 10/11p ordinary		SWAP		Increasing Short		126,969	2.6600  GBP
10 10/11p ordinary		SWAP		Increasing Short		34,015	2.6601  GBP
10 10/11p ordinary		SWAP		Increasing Short		13,723	2.6641  GBP
10 10/11p ordinary		SWAP		Increasing Short		15,613	2.6646  GBP
10 10/11p ordinary		SWAP		Increasing Short		56,731	2.6649  GBP
10 10/11p ordinary		SWAP		Increasing Short		10,438	2.6656  GBP
10 10/11p ordinary		SWAP		Increasing Short		20,297	2.6685  GBP
10 10/11p ordinary		SWAP		Increasing Short		4,745	2.6692  GBP
10 10/11p ordinary		SWAP		Increasing Short		99,052	2.6700  GBP
10 10/11p ordinary		SWAP		Increasing Short		4,640	2.6714  GBP
10 10/11p ordinary		CFD		Decreasing Short		6,249	2.6602  GBP
10 10/11p ordinary		CFD		Increasing Short		27,002	2.6602  GBP
10 10/11p ordinary		CFD		Increasing Short		12,643	2.6729  GBP
(c)	Stock-settled derivative transactions (including options)
(i)	Writing, selling, purchasing or varying
Class	Product	Writing,	Number	Exercise	Type	Expiry	Option
of	description	purchasing,	of	price		date	money
relevant		selling,	securities	per unit			paid/
security		varying etc	to which				received
			option				per unit
			relates
(ii)	Exercising
Class of relevant		Product description		Exercising/ exercised against		Number of	Exercise price per
security						securities	unit
(d)	Other dealings (including subscribing for new securities)
Class of relevant		Nature of Dealings		Details		Price per unit (if
security						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 exempt principal trader 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:				14 Apr 2025
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

END