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:

09 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:

11,730,455

0.89%

11,161,013

0.85%

(2) Cash-settled derivatives:

11,903,563

0.91%

11,576,825

0.88%

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

0

0.00%

0

0.00%

TOTAL: 

23,634,018

1.80%

22,737,838

1.73%

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

3,207,970

2.5780 GBP

10 10/11p ordinary

Purchase

401,125

2.5778 GBP

10 10/11p ordinary

Purchase

323,131

2.5771 GBP

10 10/11p ordinary

Purchase

104,976

2.5799 GBP

10 10/11p ordinary

Purchase

97,456

2.5782 GBP

10 10/11p ordinary

Purchase

95,071

2.5742 GBP

10 10/11p ordinary

Purchase

87,427

2.5783 GBP

10 10/11p ordinary

Purchase

54,610

2.5758 GBP

10 10/11p ordinary

Purchase

51,101

2.5794 GBP

10 10/11p ordinary

Purchase

47,998

2.5772 GBP

10 10/11p ordinary

Purchase

36,840

2.5805 GBP

10 10/11p ordinary

Purchase

33,373

2.5832 GBP

10 10/11p ordinary

Purchase

28,128

2.5737 GBP

10 10/11p ordinary

Purchase

21,153

2.5743 GBP

10 10/11p ordinary

Purchase

20,169

2.5779 GBP

10 10/11p ordinary

Purchase

19,454

2.5802 GBP

10 10/11p ordinary

Purchase

19,390

2.5759 GBP

10 10/11p ordinary

Purchase

19,259

2.5796 GBP

10 10/11p ordinary

Purchase

10,599

2.5777 GBP

10 10/11p ordinary

Purchase

10,332

2.5754 GBP

10 10/11p ordinary

Purchase

9,761

2.5766 GBP

10 10/11p ordinary

Purchase

9,495

2.5800 GBP

10 10/11p ordinary

Purchase

7,981

2.5792 GBP

10 10/11p ordinary

Purchase

7,105

2.5819 GBP

10 10/11p ordinary

Purchase

6,645

2.5789 GBP

10 10/11p ordinary

Purchase

6,634

2.5619 GBP

10 10/11p ordinary

Purchase

6,324

2.5672 GBP

10 10/11p ordinary

Purchase

6,059

2.5840 GBP

10 10/11p ordinary

Purchase

4,982

2.5702 GBP

10 10/11p ordinary

Purchase

3,860

2.5765 GBP

10 10/11p ordinary

Purchase

2,914

2.5760 GBP

10 10/11p ordinary

Purchase

1,542

2.5740 GBP

10 10/11p ordinary

Purchase

1,326

2.5810 GBP

10 10/11p ordinary

Purchase

878

2.5720 GBP

10 10/11p ordinary

Purchase

871

2.5556 GBP

10 10/11p ordinary

Purchase

200

2.5640 GBP

10 10/11p ordinary

Sale

1,300,000

2.5764 GBP

10 10/11p ordinary

Sale

147,500

2.5736 GBP

10 10/11p ordinary

Sale

106,052

2.5728 GBP

10 10/11p ordinary

Sale

53,474

2.5675 GBP

10 10/11p ordinary

Sale

38,884

2.5780 GBP

10 10/11p ordinary

Sale

35,957

2.5794 GBP

10 10/11p ordinary

Sale

34,453

2.5740 GBP

10 10/11p ordinary

Sale

13,598

2.5729 GBP

10 10/11p ordinary

Sale

12,259

2.5758 GBP

10 10/11p ordinary

Sale

8,177

2.5734 GBP

10 10/11p ordinary

Sale

7,066

2.5772 GBP

10 10/11p ordinary

Sale

6,634

2.5619 GBP

10 10/11p ordinary

Sale

6,482

2.5800 GBP

10 10/11p ordinary

Sale

5,689

2.5749 GBP

10 10/11p ordinary

Sale

5,124

2.5582 GBP

10 10/11p ordinary

Sale

4,541

2.5824 GBP

10 10/11p ordinary

Sale

3,640

2.5738 GBP

10 10/11p ordinary

Sale

2,914

2.5760 GBP

10 10/11p ordinary

Sale

2,637

2.5779 GBP

10 10/11p ordinary

Sale

2,085

2.5757 GBP

10 10/11p ordinary

Sale

1,666

2.5700 GBP

10 10/11p ordinary

Sale

1,442

2.5616 GBP

10 10/11p ordinary

Sale

1,144

2.5690 GBP

10 10/11p ordinary

Sale

1,093

2.5790 GBP

10 10/11p ordinary

Sale

1,064

2.5860 GBP

10 10/11p ordinary

Sale

878

2.5720 GBP

10 10/11p ordinary

Sale

336

2.5660 GBP

10 10/11p ordinary

Sale

200

2.5640 GBP

10 10/11p ordinary

Sale

190

2.5719 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

1,442

2.5616 GBP

10 10/11p ordinary

SWAP

Increasing Long

336

2.5660 GBP

10 10/11p ordinary

SWAP

Increasing Long

53,474

2.5675 GBP

10 10/11p ordinary

SWAP

Increasing Long

67,436

2.5686 GBP

10 10/11p ordinary

SWAP

Increasing Long

1,666

2.5700 GBP

10 10/11p ordinary

SWAP

Increasing Long

190

2.5719 GBP

10 10/11p ordinary

SWAP

Increasing Long

13,598

2.5729 GBP

10 10/11p ordinary

SWAP

Increasing Long

16,350

2.5740 GBP

10 10/11p ordinary

SWAP

Increasing Long

24,973

2.5742 GBP

10 10/11p ordinary

SWAP

Increasing Long

17,465

2.5744 GBP

10 10/11p ordinary

SWAP

Increasing Long

7,066

2.5772 GBP

10 10/11p ordinary

SWAP

Increasing Long

83,074

2.5778 GBP

10 10/11p ordinary

SWAP

Increasing Long

2,400

2.5780 GBP

10 10/11p ordinary

SWAP

Decreasing Long

871

2.5556 GBP

10 10/11p ordinary

SWAP

Decreasing Long

10,982

2.5692 GBP

10 10/11p ordinary

SWAP

Decreasing Long

8,848

2.5695 GBP

10 10/11p ordinary

SWAP

Decreasing Long

1,697

2.5698 GBP

10 10/11p ordinary

SWAP

Decreasing Long

28,128

2.5737 GBP

10 10/11p ordinary

SWAP

Decreasing Long

13,736

2.5742 GBP

10 10/11p ordinary

SWAP

Decreasing Long

16,372

2.5753 GBP

10 10/11p ordinary

SWAP

Decreasing Long

6,191

2.5754 GBP

10 10/11p ordinary

SWAP

Decreasing Long

71,054

2.5756 GBP

10 10/11p ordinary

SWAP

Decreasing Long

15,886

2.5758 GBP

10 10/11p ordinary

SWAP

Decreasing Long

41,341

2.5759 GBP

10 10/11p ordinary

SWAP

Decreasing Long

38,842

2.5760 GBP

10 10/11p ordinary

SWAP

Decreasing Long

1,194

2.5761 GBP

10 10/11p ordinary

SWAP

Decreasing Long

294,777

2.5771 GBP

10 10/11p ordinary

SWAP

Decreasing Long

100,076

2.5775 GBP

10 10/11p ordinary

SWAP

Decreasing Long

929

2.5777 GBP

10 10/11p ordinary

SWAP

Decreasing Long

105,700

2.5778 GBP

10 10/11p ordinary

SWAP

Decreasing Long

164,264

2.5779 GBP

10 10/11p ordinary

SWAP

Decreasing Long

3,350,422

2.5780 GBP

10 10/11p ordinary

SWAP

Decreasing Long

3,969

2.5782 GBP

10 10/11p ordinary

SWAP

Decreasing Long

60,713

2.5783 GBP

10 10/11p ordinary

SWAP

Decreasing Long

10,095

2.5784 GBP

10 10/11p ordinary

SWAP

Decreasing Long

25,391

2.5786 GBP

10 10/11p ordinary

SWAP

Decreasing Long

8,877

2.5790 GBP

10 10/11p ordinary

SWAP

Decreasing Long

8,805

2.5791 GBP

10 10/11p ordinary

SWAP

Decreasing Long

7,981

2.5792 GBP

10 10/11p ordinary

SWAP

Decreasing Long

3,013

2.5800 GBP

10 10/11p ordinary

SWAP

Decreasing Long

106,996

2.5804 GBP

10 10/11p ordinary

SWAP

Decreasing Long

2,720

2.5805 GBP

10 10/11p ordinary

SWAP

Decreasing Long

7,162

2.5810 GBP

10 10/11p ordinary

SWAP

Decreasing Long

643

2.5811 GBP

10 10/11p ordinary

SWAP

Decreasing Long

33,373

2.5832 GBP

10 10/11p ordinary

SWAP

Decreasing Long

6,059

2.5840 GBP

10 10/11p ordinary

CFD

Decreasing Short

4,081

2.5527 GBP

10 10/11p ordinary

CFD

Decreasing Short

11,801

2.5751 GBP

10 10/11p ordinary

CFD

Decreasing Short

1,300,000

2.5764 GBP

10 10/11p ordinary

CFD

Increasing Short

12,311

2.5838 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:

10 Jan 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213