Form 8.3 DIRECT LINE INSURANCE GROUP PLC

Barclays PLC

15 May 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 May 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:			40,239,935	3.07%	5,754,237	0.43%
(2)	Cash-settled derivatives:
	and/or controlled:			6,260,377	0.48%	39,487,792	3.01%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%
	TOTAL:			46,500,312	3.55%	45,242,029	3.44%
(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		500,000		2.8783  GBP
10 10/11p ordinary		Purchase		200,473		2.8862  GBP
10 10/11p ordinary		Purchase		191,811		2.8899  GBP
10 10/11p ordinary		Purchase		185,206		2.8757  GBP
10 10/11p ordinary		Purchase		171,997		2.8849  GBP
10 10/11p ordinary		Purchase		152,586		2.8740  GBP
10 10/11p ordinary		Purchase		103,401		2.8844  GBP
10 10/11p ordinary		Purchase		39,157		2.8756  GBP
10 10/11p ordinary		Purchase		33,016		2.8853  GBP
10 10/11p ordinary		Purchase		23,300		2.8882  GBP
10 10/11p ordinary		Purchase		17,942		2.8981  GBP
10 10/11p ordinary		Purchase		15,265		2.8920  GBP
10 10/11p ordinary		Purchase		12,787		2.8872  GBP
10 10/11p ordinary		Purchase		8,978		2.8819  GBP
10 10/11p ordinary		Purchase		7,110		2.8762  GBP
10 10/11p ordinary		Purchase		6,426		2.8845  GBP
10 10/11p ordinary		Purchase		5,909		2.8930  GBP
10 10/11p ordinary		Purchase		5,415		2.8831  GBP
10 10/11p ordinary		Purchase		4,569		2.8827  GBP
10 10/11p ordinary		Purchase		2,481		2.8881  GBP
10 10/11p ordinary		Purchase		1,464		2.8919  GBP
10 10/11p ordinary		Purchase		1,384		2.8910  GBP
10 10/11p ordinary		Purchase		989		2.8501  GBP
10 10/11p ordinary		Purchase		768		2.8927  GBP
10 10/11p ordinary		Purchase		676		2.8870  GBP
10 10/11p ordinary		Purchase		348		2.8898  GBP
10 10/11p ordinary		Purchase		266		2.8720  GBP
10 10/11p ordinary		Purchase		206		2.8915  GBP
10 10/11p ordinary		Purchase		130		2.8858  GBP
10 10/11p ordinary		Purchase		129		2.8860  GBP
10 10/11p ordinary		Purchase		15		2.8857  GBP
10 10/11p ordinary		Purchase		4		2.8770  GBP
10 10/11p ordinary		Purchase		2		2.8717  GBP
10 10/11p ordinary		Purchase		1		2.8840  GBP
10 10/11p ordinary		Sale		151,632		2.8877  GBP
10 10/11p ordinary		Sale		98,791		2.8844  GBP
10 10/11p ordinary		Sale		73,790		2.8791  GBP
10 10/11p ordinary		Sale		56,617		2.8740  GBP
10 10/11p ordinary		Sale		45,519		2.8876  GBP
10 10/11p ordinary		Sale		44,914		2.8875  GBP
10 10/11p ordinary		Sale		28,808		2.8863  GBP
10 10/11p ordinary		Sale		24,914		2.8848  GBP
10 10/11p ordinary		Sale		16,603		2.8842  GBP
10 10/11p ordinary		Sale		10,039		2.8747  GBP
10 10/11p ordinary		Sale		4,724		2.8919  GBP
10 10/11p ordinary		Sale		3,619		2.8912  GBP
10 10/11p ordinary		Sale		1,533		2.8843  GBP
10 10/11p ordinary		Sale		1,516		2.8819  GBP
10 10/11p ordinary		Sale		558		2.8900  GBP
10 10/11p ordinary		Sale		494		2.8779  GBP
10 10/11p ordinary		Sale		363		2.8899  GBP
10 10/11p ordinary		Sale		306		2.8920  GBP
10 10/11p ordinary		Sale		206		2.8917  GBP
10 10/11p ordinary		Sale		129		2.8860  GBP
10 10/11p ordinary		Sale		105		2.8845  GBP
10 10/11p ordinary		Sale		12		2.8720  GBP
10 10/11p ordinary		Sale		1		2.8840  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	2.8500  GBP
10 10/11p ordinary		SWAP		Decreasing Short		10,039	2.8747  GBP
10 10/11p ordinary		SWAP		Decreasing Short		494	2.8779  GBP
10 10/11p ordinary		SWAP		Decreasing Short		71,884	2.8790  GBP
10 10/11p ordinary		SWAP		Decreasing Short		19,153	2.8835  GBP
10 10/11p ordinary		SWAP		Decreasing Short		105	2.8845  GBP
10 10/11p ordinary		SWAP		Decreasing Short		1,906	2.8846  GBP
10 10/11p ordinary		SWAP		Decreasing Short		7,106	2.8873  GBP
10 10/11p ordinary		SWAP		Decreasing Short		45,519	2.8876  GBP
10 10/11p ordinary		SWAP		Decreasing Short		19,544	2.8881  GBP
10 10/11p ordinary		SWAP		Decreasing Short		558	2.8900  GBP
10 10/11p ordinary		SWAP		Decreasing Short		4,724	2.8919  GBP
10 10/11p ordinary		SWAP		Increasing Short		232,566	2.8740  GBP
10 10/11p ordinary		SWAP		Increasing Short		12,297	2.8741  GBP
10 10/11p ordinary		SWAP		Increasing Short		226,186	2.8760  GBP
10 10/11p ordinary		SWAP		Increasing Short		500,000	2.8783  GBP
10 10/11p ordinary		SWAP		Increasing Short		1,596	2.8818  GBP
10 10/11p ordinary		SWAP		Increasing Short		103,401	2.8844  GBP
10 10/11p ordinary		SWAP		Increasing Short		9,632	2.8847  GBP
10 10/11p ordinary		SWAP		Increasing Short		171,997	2.8849  GBP
10 10/11p ordinary		SWAP		Increasing Short		39,624	2.8861  GBP
10 10/11p ordinary		SWAP		Increasing Short		35,727	2.8862  GBP
10 10/11p ordinary		SWAP		Increasing Short		2,481	2.8881  GBP
10 10/11p ordinary		SWAP		Increasing Short		23,300	2.8882  GBP
10 10/11p ordinary		SWAP		Increasing Short		182,179	2.8902  GBP
10 10/11p ordinary		SWAP		Increasing Short		15,265	2.8920  GBP
10 10/11p ordinary		SWAP		Increasing Short		25	2.8960  GBP
10 10/11p ordinary		CFD		Decreasing Short		14,244	2.8740  GBP
10 10/11p ordinary		CFD		Decreasing Short		14	2.8742  GBP
10 10/11p ordinary		CFD		Decreasing Short		9,967	2.8860  GBP
10 10/11p ordinary		CFD		Decreasing Short		22,818	2.8887  GBP
10 10/11p ordinary		CFD		Increasing Short		670	2.8740  GBP
10 10/11p ordinary		CFD		Increasing Short		7,091	2.8747  GBP
10 10/11p ordinary		CFD		Increasing Short		7,110	2.8762  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 May 2025
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

END