Form 8.3 DIRECT LINE INSURANCE GROUP PLC

Barclays PLC

22 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:				16 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:			40,902,616	3.12%	53,58,584	0.40%
(2)	Cash-settled derivatives:
	and/or controlled:			5,870,126	0.45%	40,099,898	3.06%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%
	TOTAL:			46,772,742	3.57%	45,458,482	3.46%
(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		174,150		2.9229  GBP
10 10/11p ordinary		Purchase		145,084		2.9220  GBP
10 10/11p ordinary		Purchase		122,917		2.9239  GBP
10 10/11p ordinary		Purchase		106,041		2.9203  GBP
10 10/11p ordinary		Purchase		97,097		2.9246  GBP
10 10/11p ordinary		Purchase		56,048		2.9205  GBP
10 10/11p ordinary		Purchase		53,887		2.9280  GBP
10 10/11p ordinary		Purchase		38,343		2.9232  GBP
10 10/11p ordinary		Purchase		37,837		2.9217  GBP
10 10/11p ordinary		Purchase		29,286		2.9255  GBP
10 10/11p ordinary		Purchase		26,873		2.9235  GBP
10 10/11p ordinary		Purchase		21,342		2.9237  GBP
10 10/11p ordinary		Purchase		16,445		2.9233  GBP
10 10/11p ordinary		Purchase		11,247		2.9266  GBP
10 10/11p ordinary		Purchase		9,020		2.9211  GBP
10 10/11p ordinary		Purchase		7,756		2.9252  GBP
10 10/11p ordinary		Purchase		7,097		2.9251  GBP
10 10/11p ordinary		Purchase		5,230		2.9224  GBP
10 10/11p ordinary		Purchase		3,391		2.9260  GBP
10 10/11p ordinary		Purchase		3,327		2.9282  GBP
10 10/11p ordinary		Purchase		3,246		2.9240  GBP
10 10/11p ordinary		Purchase		3,035		2.9213  GBP
10 10/11p ordinary		Purchase		846		2.9200  GBP
10 10/11p ordinary		Sale		197,333		2.9280  GBP
10 10/11p ordinary		Sale		134,808		2.9255  GBP
10 10/11p ordinary		Sale		106,783		2.9250  GBP
10 10/11p ordinary		Sale		100,121		2.9221  GBP
10 10/11p ordinary		Sale		78,095		2.9224  GBP
10 10/11p ordinary		Sale		66,270		2.9240  GBP
10 10/11p ordinary		Sale		50,895		2.9241  GBP
10 10/11p ordinary		Sale		36,077		2.9276  GBP
10 10/11p ordinary		Sale		23,911		2.9202  GBP
10 10/11p ordinary		Sale		13,252		2.9247  GBP
10 10/11p ordinary		Sale		13,093		2.9204  GBP
10 10/11p ordinary		Sale		11,282		2.9294  GBP
10 10/11p ordinary		Sale		11,247		2.9266  GBP
10 10/11p ordinary		Sale		10,537		2.9203  GBP
10 10/11p ordinary		Sale		9,150		2.9205  GBP
10 10/11p ordinary		Sale		9,027		2.9206  GBP
10 10/11p ordinary		Sale		8,653		2.9237  GBP
10 10/11p ordinary		Sale		3,322		2.9234  GBP
10 10/11p ordinary		Sale		3,093		2.9260  GBP
10 10/11p ordinary		Sale		2,663		2.9230  GBP
10 10/11p ordinary		Sale		1,364		2.9216  GBP
10 10/11p ordinary		Sale		1,200		2.9242  GBP
10 10/11p ordinary		Sale		900		2.9180  GBP
10 10/11p ordinary		Sale		774		2.9279  GBP
10 10/11p ordinary		Sale		370		2.9219  GBP
10 10/11p ordinary		Sale		351		2.9257  GBP
10 10/11p ordinary		Sale		351		2.9200  GBP
10 10/11p ordinary		Sale		341		2.9239  GBP
10 10/11p ordinary		Sale		247		2.9220  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		1,012	2.9184  GBP
10 10/11p ordinary		SWAP		Decreasing Short		351	2.9200  GBP
10 10/11p ordinary		SWAP		Decreasing Short		624	2.9206  GBP
10 10/11p ordinary		SWAP		Decreasing Short		1,364	2.9216  GBP
10 10/11p ordinary		SWAP		Decreasing Short		1,256	2.9218  GBP
10 10/11p ordinary		SWAP		Decreasing Short		135	2.9220  GBP
10 10/11p ordinary		SWAP		Decreasing Short		100,121	2.9221  GBP
10 10/11p ordinary		SWAP		Decreasing Short		2,663	2.9230  GBP
10 10/11p ordinary		SWAP		Decreasing Short		3,322	2.9234  GBP
10 10/11p ordinary		SWAP		Decreasing Short		341	2.9239  GBP
10 10/11p ordinary		SWAP		Decreasing Short		63,024	2.9240  GBP
10 10/11p ordinary		SWAP		Decreasing Short		1,200	2.9242  GBP
10 10/11p ordinary		SWAP		Decreasing Short		3,452	2.9246  GBP
10 10/11p ordinary		SWAP		Decreasing Short		13,252	2.9247  GBP
10 10/11p ordinary		SWAP		Decreasing Short		413	2.9251  GBP
10 10/11p ordinary		SWAP		Decreasing Short		351	2.9257  GBP
10 10/11p ordinary		SWAP		Decreasing Short		1,864	2.9259  GBP
10 10/11p ordinary		SWAP		Decreasing Short		774	2.9279  GBP
10 10/11p ordinary		SWAP		Decreasing Short		31,651	2.9280  GBP
10 10/11p ordinary		SWAP		Decreasing Short		11,282	2.9294  GBP
10 10/11p ordinary		SWAP		Increasing Short		9,020	2.9211  GBP
10 10/11p ordinary		SWAP		Increasing Short		3,035	2.9213  GBP
10 10/11p ordinary		SWAP		Increasing Short		13,831	2.9232  GBP
10 10/11p ordinary		SWAP		Increasing Short		59,810	2.9235  GBP
10 10/11p ordinary		SWAP		Increasing Short		15,600	2.9239  GBP
10 10/11p ordinary		SWAP		Increasing Short		64,160	2.9252  GBP
10 10/11p ordinary		SWAP		Increasing Short		798	2.9255  GBP
10 10/11p ordinary		SWAP		Increasing Short		298	2.9260  GBP
10 10/11p ordinary		SWAP		Increasing Short		36,925	2.9280  GBP
10 10/11p ordinary		SWAP		Increasing Short		3,327	2.9282  GBP
10 10/11p ordinary		CFD		Increasing Short		74,163	2.9221  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:				22 May 2025
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

END