Form 8.3 - Direct Line Insurance Group plc

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:

16 Jan 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:

10,821,415

0.83%

13,068,530

1.00%

(2) Cash-settled derivatives:

13,798,916

1.05%

10,693,776

0.82%

(3) Stock-settled derivatives (including options) and agreements to purchase/sell: 

0

0.00%

0

0.00%

TOTAL: 

24,620,331

1.88%

23,762,306

1.81%

Class of relevant security:

Restricted Tier 1 Note 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

214,174

2.6086 GBP

10 10/11p ordinary

Purchase

150,784

2.6179 GBP

10 10/11p ordinary

Purchase

124,408

2.6089 GBP

10 10/11p ordinary

Purchase

94,271

2.6177 GBP

10 10/11p ordinary

Purchase

63,168

2.6112 GBP

10 10/11p ordinary

Purchase

43,609

2.6180 GBP

10 10/11p ordinary

Purchase

40,725

2.6100 GBP

10 10/11p ordinary

Purchase

39,168

2.6133 GBP

10 10/11p ordinary

Purchase

38,962

2.6108 GBP

10 10/11p ordinary

Purchase

35,167

2.6019 GBP

10 10/11p ordinary

Purchase

29,829

2.6087 GBP

10 10/11p ordinary

Purchase

28,200

2.6037 GBP

ADR

Purchase

12,200

12.6480 USD

10 10/11p ordinary

Purchase

8,447

2.6097 GBP

10 10/11p ordinary

Purchase

8,099

2.6092 GBP

10 10/11p ordinary

Purchase

3,860

2.6046 GBP

10 10/11p ordinary

Purchase

2,778

2.6155 GBP

10 10/11p ordinary

Purchase

2,753

2.6140 GBP

10 10/11p ordinary

Purchase

2,725

2.6113 GBP

10 10/11p ordinary

Purchase

1,906

2.6120 GBP

10 10/11p ordinary

Purchase

1,829

2.6075 GBP

10 10/11p ordinary

Purchase

1,276

2.6020 GBP

10 10/11p ordinary

Purchase

1,077

2.6060 GBP

10 10/11p ordinary

Purchase

781

2.6040 GBP

10 10/11p ordinary

Purchase

429

2.6080 GBP

10 10/11p ordinary

Purchase

178

2.5980 GBP

10 10/11p ordinary

Sale

373,841

2.6165 GBP

10 10/11p ordinary

Sale

310,733

2.6180 GBP

10 10/11p ordinary

Sale

145,423

2.6137 GBP

10 10/11p ordinary

Sale

40,512

2.6037 GBP

10 10/11p ordinary

Sale

36,755

2.6006 GBP

10 10/11p ordinary

Sale

21,065

2.6082 GBP

10 10/11p ordinary

Sale

20,244

2.6100 GBP

10 10/11p ordinary

Sale

17,630

2.6130 GBP

ADR

Sale

12,200

12.6480 USD

10 10/11p ordinary

Sale

9,092

2.6197 GBP

10 10/11p ordinary

Sale

7,584

2.6107 GBP

10 10/11p ordinary

Sale

6,157

2.6101 GBP

10 10/11p ordinary

Sale

5,760

2.6063 GBP

10 10/11p ordinary

Sale

4,545

2.6105 GBP

10 10/11p ordinary

Sale

3,984

2.6125 GBP

10 10/11p ordinary

Sale

3,970

2.6111 GBP

10 10/11p ordinary

Sale

3,899

2.6020 GBP

10 10/11p ordinary

Sale

1,775

2.6099 GBP

10 10/11p ordinary

Sale

1,576

2.6040 GBP

10 10/11p ordinary

Sale

1,077

2.6060 GBP

10 10/11p ordinary

Sale

178

2.5980 GBP

10 10/11p ordinary

Sale

174

2.6080 GBP

10 10/11p ordinary

Sale

31

2.6143 GBP

10 10/11p ordinary

Sale

31

2.6140 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

Increasing Long

36,755

2.6006 GBP

10 10/11p ordinary

SWAP

Increasing Long

23,300

2.6012 GBP

10 10/11p ordinary

SWAP

Increasing Long

795

2.6040 GBP

10 10/11p ordinary

SWAP

Increasing Long

12,986

2.6056 GBP

10 10/11p ordinary

SWAP

Increasing Long

1,775

2.6099 GBP

10 10/11p ordinary

SWAP

Increasing Long

6,157

2.6101 GBP

10 10/11p ordinary

SWAP

Increasing Long

104,400

2.6143 GBP

10 10/11p ordinary

SWAP

Increasing Long

95,992

2.6167 GBP

10 10/11p ordinary

SWAP

Increasing Long

256,761

2.6180 GBP

10 10/11p ordinary

SWAP

Decreasing Long

14,093

2.6053 GBP

10 10/11p ordinary

SWAP

Decreasing Long

255

2.6080 GBP

10 10/11p ordinary

SWAP

Decreasing Long

247,824

2.6086 GBP

10 10/11p ordinary

SWAP

Decreasing Long

42,407

2.6089 GBP

10 10/11p ordinary

SWAP

Decreasing Long

20,336

2.6090 GBP

10 10/11p ordinary

SWAP

Decreasing Long

34,780

2.6092 GBP

10 10/11p ordinary

SWAP

Decreasing Long

54,204

2.6111 GBP

10 10/11p ordinary

SWAP

Decreasing Long

26,013

2.6121 GBP

10 10/11p ordinary

SWAP

Decreasing Long

39,168

2.6133 GBP

10 10/11p ordinary

SWAP

Decreasing Long

1,922

2.6140 GBP

10 10/11p ordinary

SWAP

Decreasing Long

940

2.6174 GBP

10 10/11p ordinary

SWAP

Decreasing Long

2,555

2.6175 GBP

10 10/11p ordinary

SWAP

Decreasing Long

4,642

2.6180 GBP

10 10/11p ordinary

SWAP

Decreasing Long

1,985

2.6240 GBP

10 10/11p ordinary

CFD

Decreasing Short

12,669

2.6110 GBP

10 10/11p ordinary

CFD

Decreasing Short

12,200

2.6129 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:

17 Jan 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213