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:

15 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:

10,886,098

0.83%

13,055,780

1.00%

(2) Cash-settled derivatives:

13,795,693

1.05%

10,763,219

0.82%

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

0

0.00%

0

0.00%

TOTAL: 

24,681,791

1.88%

23,818,999

1.82%

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

1,000,000

2.5813 GBP

10 10/11p ordinary

Purchase

496,302

2.5841 GBP

10 10/11p ordinary

Purchase

436,675

2.5680 GBP

10 10/11p ordinary

Purchase

361,744

2.5955 GBP

10 10/11p ordinary

Purchase

258,465

2.5736 GBP

10 10/11p ordinary

Purchase

240,712

2.5851 GBP

10 10/11p ordinary

Purchase

223,191

2.5679 GBP

10 10/11p ordinary

Purchase

212,551

2.5867 GBP

10 10/11p ordinary

Purchase

158,789

2.5856 GBP

10 10/11p ordinary

Purchase

146,296

2.5998 GBP

10 10/11p ordinary

Purchase

124,172

2.5850 GBP

10 10/11p ordinary

Purchase

119,379

2.5859 GBP

10 10/11p ordinary

Purchase

34,002

2.5911 GBP

10 10/11p ordinary

Purchase

23,997

2.5868 GBP

10 10/11p ordinary

Purchase

20,989

2.5886 GBP

10 10/11p ordinary

Purchase

11,058

2.5860 GBP

10 10/11p ordinary

Purchase

9,539

2.5752 GBP

10 10/11p ordinary

Purchase

8,764

2.5760 GBP

10 10/11p ordinary

Purchase

7,026

2.6000 GBP

10 10/11p ordinary

Purchase

3,817

2.5921 GBP

10 10/11p ordinary

Purchase

3,397

2.5692 GBP

10 10/11p ordinary

Purchase

1,275

2.5660 GBP

10 10/11p ordinary

Purchase

1,260

2.5740 GBP

10 10/11p ordinary

Purchase

668

2.5720 GBP

10 10/11p ordinary

Purchase

655

2.5980 GBP

10 10/11p ordinary

Purchase

133

2.5920 GBP

10 10/11p ordinary

Purchase

80

2.5800 GBP

10 10/11p ordinary

Sale

618,685

2.5703 GBP

10 10/11p ordinary

Sale

404,045

2.5943 GBP

10 10/11p ordinary

Sale

345,369

2.5955 GBP

10 10/11p ordinary

Sale

231,172

2.6000 GBP

10 10/11p ordinary

Sale

214,551

2.5680 GBP

10 10/11p ordinary

Sale

212,500

2.5823 GBP

10 10/11p ordinary

Sale

183,213

2.5831 GBP

10 10/11p ordinary

Sale

86,900

2.5822 GBP

10 10/11p ordinary

Sale

74,791

2.5778 GBP

10 10/11p ordinary

Sale

32,322

2.5876 GBP

10 10/11p ordinary

Sale

27,688

2.5677 GBP

10 10/11p ordinary

Sale

25,500

2.5779 GBP

10 10/11p ordinary

Sale

18,200

2.5977 GBP

10 10/11p ordinary

Sale

18,063

2.5866 GBP

10 10/11p ordinary

Sale

15,699

2.5683 GBP

10 10/11p ordinary

Sale

15,260

2.5681 GBP

10 10/11p ordinary

Sale

15,101

2.5861 GBP

10 10/11p ordinary

Sale

14,154

2.5674 GBP

10 10/11p ordinary

Sale

9,020

2.5815 GBP

10 10/11p ordinary

Sale

6,491

2.5900 GBP

10 10/11p ordinary

Sale

6,476

2.5698 GBP

10 10/11p ordinary

Sale

3,835

2.5665 GBP

10 10/11p ordinary

Sale

2,915

2.5924 GBP

10 10/11p ordinary

Sale

2,852

2.5837 GBP

10 10/11p ordinary

Sale

2,347

2.5864 GBP

10 10/11p ordinary

Sale

2,239

2.5860 GBP

10 10/11p ordinary

Sale

1,584

2.5660 GBP

10 10/11p ordinary

Sale

1,200

2.5700 GBP

10 10/11p ordinary

Sale

325

2.5934 GBP

10 10/11p ordinary

Sale

133

2.5920 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

74,791

2.5778 GBP

10 10/11p ordinary

SWAP

Increasing Long

25,500

2.5779 GBP

10 10/11p ordinary

SWAP

Increasing Long

86,900

2.5822 GBP

10 10/11p ordinary

SWAP

Increasing Long

395,713

2.5827 GBP

10 10/11p ordinary

SWAP

Increasing Long

2,852

2.5837 GBP

10 10/11p ordinary

SWAP

Increasing Long

41,648

2.5864 GBP

10 10/11p ordinary

SWAP

Increasing Long

16,659

2.5866 GBP

10 10/11p ordinary

SWAP

Increasing Long

2,776

2.5868 GBP

10 10/11p ordinary

SWAP

Increasing Long

325

2.5934 GBP

10 10/11p ordinary

SWAP

Increasing Long

18,200

2.5977 GBP

10 10/11p ordinary

SWAP

Increasing Long

82,530

2.5982 GBP

10 10/11p ordinary

SWAP

Increasing Long

49,778

2.5989 GBP

10 10/11p ordinary

SWAP

Increasing Long

78,322

2.5999 GBP

10 10/11p ordinary

SWAP

Increasing Long

75,167

2.6000 GBP

10 10/11p ordinary

SWAP

Decreasing Long

3,397

2.5692 GBP

10 10/11p ordinary

SWAP

Decreasing Long

1,000,000

2.5812 GBP

10 10/11p ordinary

SWAP

Decreasing Long

496,302

2.5841 GBP

10 10/11p ordinary

SWAP

Decreasing Long

53,669

2.5843 GBP

10 10/11p ordinary

SWAP

Decreasing Long

124,172

2.5850 GBP

10 10/11p ordinary

SWAP

Decreasing Long

119,628

2.5857 GBP

10 10/11p ordinary

SWAP

Decreasing Long

317,719

2.5867 GBP

10 10/11p ordinary

SWAP

Decreasing Long

84,038

2.5876 GBP

10 10/11p ordinary

SWAP

Decreasing Long

6,489

2.5897 GBP

10 10/11p ordinary

SWAP

Decreasing Long

34,002

2.5911 GBP

10 10/11p ordinary

SWAP

Decreasing Long

1,340

2.6000 GBP

10 10/11p ordinary

CFD

Increasing Short

15,895

2.5820 GBP

10 10/11p ordinary

CFD

Increasing Short

6,178

2.6000 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:

16 Jan 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213