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:

13 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:

10,247,916

0.78%

13,195,085

1.01%

(2) Cash-settled derivatives:

13,935,751

1.06%

10,102,242

0.77%

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

0

0.00%

0

0.00%

TOTAL: 

24,183,667

1.84%

23,297,327

1.78%

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

733,193

2.5508 GBP

10 10/11p ordinary

Purchase

475,795

2.5420 GBP

10 10/11p ordinary

Purchase

225,284

2.5428 GBP

10 10/11p ordinary

Purchase

94,845

2.5440 GBP

10 10/11p ordinary

Purchase

44,030

2.5478 GBP

10 10/11p ordinary

Purchase

29,900

2.5477 GBP

10 10/11p ordinary

Purchase

22,275

2.5467 GBP

10 10/11p ordinary

Purchase

19,798

2.5460 GBP

10 10/11p ordinary

Purchase

18,736

2.5469 GBP

10 10/11p ordinary

Purchase

14,478

2.5480 GBP

10 10/11p ordinary

Purchase

12,773

2.5481 GBP

10 10/11p ordinary

Purchase

7,490

2.5502 GBP

10 10/11p ordinary

Purchase

7,488

2.5500 GBP

10 10/11p ordinary

Purchase

6,603

2.5496 GBP

10 10/11p ordinary

Purchase

3,929

2.5471 GBP

10 10/11p ordinary

Purchase

3,870

2.5497 GBP

10 10/11p ordinary

Purchase

3,752

2.5487 GBP

10 10/11p ordinary

Purchase

2,506

2.5490 GBP

10 10/11p ordinary

Purchase

2,381

2.5479 GBP

10 10/11p ordinary

Purchase

1,694

2.5499 GBP

10 10/11p ordinary

Purchase

1,360

2.5493 GBP

10 10/11p ordinary

Purchase

1,258

2.5540 GBP

10 10/11p ordinary

Purchase

1,257

2.5520 GBP

10 10/11p ordinary

Sale

734,487

2.5434 GBP

10 10/11p ordinary

Sale

345,955

2.5513 GBP

10 10/11p ordinary

Sale

302,824

2.5419 GBP

10 10/11p ordinary

Sale

220,998

2.5459 GBP

10 10/11p ordinary

Sale

208,587

2.5483 GBP

10 10/11p ordinary

Sale

193,055

2.5474 GBP

10 10/11p ordinary

Sale

132,303

2.5469 GBP

10 10/11p ordinary

Sale

100,962

2.5504 GBP

10 10/11p ordinary

Sale

94,416

2.5494 GBP

10 10/11p ordinary

Sale

66,683

2.5471 GBP

10 10/11p ordinary

Sale

60,718

2.5490 GBP

10 10/11p ordinary

Sale

50,100

2.5502 GBP

10 10/11p ordinary

Sale

48,061

2.5488 GBP

10 10/11p ordinary

Sale

44,256

2.5472 GBP

10 10/11p ordinary

Sale

42,070

2.5487 GBP

10 10/11p ordinary

Sale

23,683

2.5503 GBP

10 10/11p ordinary

Sale

19,083

2.5493 GBP

10 10/11p ordinary

Sale

10,960

2.5500 GBP

10 10/11p ordinary

Sale

8,588

2.5465 GBP

10 10/11p ordinary

Sale

4,920

2.5420 GBP

10 10/11p ordinary

Sale

4,775

2.5438 GBP

10 10/11p ordinary

Sale

3,921

2.5481 GBP

10 10/11p ordinary

Sale

3,571

2.5501 GBP

10 10/11p ordinary

Sale

2,605

2.5450 GBP

10 10/11p ordinary

Sale

2,514

2.5520 GBP

10 10/11p ordinary

Sale

975

2.5499 GBP

10 10/11p ordinary

Sale

806

2.5507 GBP

10 10/11p ordinary

Sale

415

2.5440 GBP

10 10/11p ordinary

Sale

214

2.5448 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

302,824

2.5419 GBP

10 10/11p ordinary

SWAP

Increasing Long

107,573

2.5420 GBP

10 10/11p ordinary

SWAP

Increasing Long

4,775

2.5438 GBP

10 10/11p ordinary

SWAP

Increasing Long

65,837

2.5442 GBP

10 10/11p ordinary

SWAP

Increasing Long

214

2.5447 GBP

10 10/11p ordinary

SWAP

Increasing Long

220,998

2.5459 GBP

10 10/11p ordinary

SWAP

Increasing Long

35,503

2.5466 GBP

10 10/11p ordinary

SWAP

Increasing Long

180,982

2.5471 GBP

10 10/11p ordinary

SWAP

Increasing Long

48,811

2.5472 GBP

10 10/11p ordinary

SWAP

Increasing Long

193,055

2.5474 GBP

10 10/11p ordinary

SWAP

Increasing Long

74,900

2.5477 GBP

10 10/11p ordinary

SWAP

Increasing Long

3,921

2.5481 GBP

10 10/11p ordinary

SWAP

Increasing Long

28,139

2.5482 GBP

10 10/11p ordinary

SWAP

Increasing Long

11,801

2.5491 GBP

10 10/11p ordinary

SWAP

Increasing Long

16,221

2.5499 GBP

10 10/11p ordinary

SWAP

Increasing Long

806

2.5507 GBP

10 10/11p ordinary

SWAP

Decreasing Long

8,654

2.5420 GBP

10 10/11p ordinary

SWAP

Decreasing Long

69,767

2.5421 GBP

10 10/11p ordinary

SWAP

Decreasing Long

490

2.5440 GBP

10 10/11p ordinary

SWAP

Decreasing Long

839

2.5451 GBP

10 10/11p ordinary

SWAP

Decreasing Long

20,083

2.5458 GBP

10 10/11p ordinary

SWAP

Decreasing Long

53,681

2.5464 GBP

10 10/11p ordinary

SWAP

Decreasing Long

3,929

2.5471 GBP

10 10/11p ordinary

SWAP

Decreasing Long

44,030

2.5478 GBP

10 10/11p ordinary

SWAP

Decreasing Long

2,381

2.5479 GBP

10 10/11p ordinary

SWAP

Decreasing Long

1,689

2.5500 GBP

10 10/11p ordinary

SWAP

Decreasing Long

7,490

2.5502 GBP

10 10/11p ordinary

SWAP

Decreasing Long

4,661

2.5510 GBP

10 10/11p ordinary

SWAP

Decreasing Long

1,258

2.5540 GBP

10 10/11p ordinary

CFD

Decreasing Short

18,316

2.5469 GBP

10 10/11p ordinary

CFD

Increasing Short

15,776

2.5498 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:

14 Jan 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213