Form 8.3 DIRECT LINE INSURANCE GROUP PLC

Barclays PLC

15 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:				14 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:			36,386,946	2.77%	6,890,731	0.52%
(2)	Cash-settled derivatives:
	and/or controlled:			7,139,230	0.54%	35,522,348	2.71%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%
	TOTAL:			43,526,176	3.32%	42,413,079	3.23%
(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		504,383		2.7023  GBP
10 10/11p ordinary		Purchase		500,000		2.7013  GBP
10 10/11p ordinary		Purchase		220,713		2.7008  GBP
10 10/11p ordinary		Purchase		203,661		2.7036  GBP
10 10/11p ordinary		Purchase		153,373		2.7021  GBP
10 10/11p ordinary		Purchase		150,000		2.6990  GBP
10 10/11p ordinary		Purchase		126,171		2.7031  GBP
10 10/11p ordinary		Purchase		75,808		2.7028  GBP
10 10/11p ordinary		Purchase		62,816		2.7000  GBP
10 10/11p ordinary		Purchase		39,876		2.7017  GBP
10 10/11p ordinary		Purchase		37,034		2.7011  GBP
10 10/11p ordinary		Purchase		25,552		2.7019  GBP
10 10/11p ordinary		Purchase		25,078		2.7033  GBP
10 10/11p ordinary		Purchase		17,858		2.7032  GBP
10 10/11p ordinary		Purchase		7,173		2.7056  GBP
10 10/11p ordinary		Purchase		3,581		2.7034  GBP
10 10/11p ordinary		Purchase		3,123		2.6981  GBP
10 10/11p ordinary		Purchase		2,325		2.7024  GBP
10 10/11p ordinary		Purchase		2,221		2.7240  GBP
10 10/11p ordinary		Purchase		2,062		2.7040  GBP
10 10/11p ordinary		Purchase		723		2.6980  GBP
10 10/11p ordinary		Purchase		590		2.7020  GBP
10 10/11p ordinary		Purchase		285		2.7080  GBP
10 10/11p ordinary		Purchase		242		2.7048  GBP
10 10/11p ordinary		Purchase		130		2.6960  GBP
10 10/11p ordinary		Purchase		17		2.6950  GBP
10 10/11p ordinary		Sale		130,552		2.7000  GBP
10 10/11p ordinary		Sale		59,045		2.6997  GBP
10 10/11p ordinary		Sale		51,494		2.7028  GBP
10 10/11p ordinary		Sale		13,418		2.7025  GBP
10 10/11p ordinary		Sale		13,330		2.7037  GBP
10 10/11p ordinary		Sale		12,233		2.7044  GBP
10 10/11p ordinary		Sale		11,030		2.7010  GBP
10 10/11p ordinary		Sale		9,797		2.7005  GBP
10 10/11p ordinary		Sale		9,265		2.6999  GBP
10 10/11p ordinary		Sale		8,971		2.7052  GBP
10 10/11p ordinary		Sale		8,833		2.7030  GBP
10 10/11p ordinary		Sale		5,279		2.7112  GBP
10 10/11p ordinary		Sale		3,088		2.7033  GBP
10 10/11p ordinary		Sale		2,773		2.7019  GBP
10 10/11p ordinary		Sale		2,538		2.6980  GBP
10 10/11p ordinary		Sale		2,517		2.7051  GBP
10 10/11p ordinary		Sale		1,575		2.6984  GBP
10 10/11p ordinary		Sale		1,467		2.7045  GBP
10 10/11p ordinary		Sale		1,154		2.7060  GBP
10 10/11p ordinary		Sale		923		2.7004  GBP
10 10/11p ordinary		Sale		853		2.6977  GBP
10 10/11p ordinary		Sale		478		2.7020  GBP
10 10/11p ordinary		Sale		137		2.7006  GBP
10 10/11p ordinary		Sale		130		2.6960  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		106	2.6980  GBP
10 10/11p ordinary		SWAP		Decreasing Short		1,575	2.6984  GBP
10 10/11p ordinary		SWAP		Decreasing Short		9,265	2.6999  GBP
10 10/11p ordinary		SWAP		Decreasing Short		125,218	2.7000  GBP
10 10/11p ordinary		SWAP		Decreasing Short		923	2.7004  GBP
10 10/11p ordinary		SWAP		Decreasing Short		9,797	2.7005  GBP
10 10/11p ordinary		SWAP		Decreasing Short		137	2.7006  GBP
10 10/11p ordinary		SWAP		Decreasing Short		2,773	2.7019  GBP
10 10/11p ordinary		SWAP		Decreasing Short		478	2.7020  GBP
10 10/11p ordinary		SWAP		Decreasing Short		12,233	2.7044  GBP
10 10/11p ordinary		SWAP		Increasing Short		150,000	2.6990  GBP
10 10/11p ordinary		SWAP		Increasing Short		65,795	2.7000  GBP
10 10/11p ordinary		SWAP		Increasing Short		14,970	2.7001  GBP
10 10/11p ordinary		SWAP		Increasing Short		500,000	2.7013  GBP
10 10/11p ordinary		SWAP		Increasing Short		96,245	2.7014  GBP
10 10/11p ordinary		SWAP		Increasing Short		99,775	2.7019  GBP
10 10/11p ordinary		SWAP		Increasing Short		574	2.7020  GBP
10 10/11p ordinary		SWAP		Increasing Short		119,146	2.7021  GBP
10 10/11p ordinary		SWAP		Increasing Short		374,433	2.7023  GBP
10 10/11p ordinary		SWAP		Increasing Short		188,048	2.7025  GBP
10 10/11p ordinary		SWAP		Increasing Short		126,171	2.7031  GBP
10 10/11p ordinary		SWAP		Increasing Short		148,213	2.7035  GBP
10 10/11p ordinary		SWAP		Increasing Short		60,300	2.7037  GBP
10 10/11p ordinary		SWAP		Increasing Short		29,131	2.7038  GBP
10 10/11p ordinary		CFD		Decreasing Short		1,526	2.6938  GBP
10 10/11p ordinary		CFD		Decreasing Short		55,735	2.7034  GBP
10 10/11p ordinary		CFD		Increasing Short		66,335	2.7012  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:				15 Apr 2025
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

END