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:

27 Dec 2024

(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:

8,250,950

0.63%

13,827,331

1.05%

(2) Cash-settled derivatives:

14,574,671

1.11%

7,569,802

0.58%

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

0

0.00%

0

0.00%

TOTAL: 

22,825,621

1.74%

21,397,133

1.63%

Class of relevant security:

Convertible Bond 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

278,433

2.5387 GBP

10 10/11p ordinary

Purchase

120,151

2.5318 GBP

10 10/11p ordinary

Purchase

119,429

2.5359 GBP

10 10/11p ordinary

Purchase

112,758

2.5326 GBP

10 10/11p ordinary

Purchase

88,991

2.5390 GBP

10 10/11p ordinary

Purchase

63,698

2.5334 GBP

10 10/11p ordinary

Purchase

48,308

2.5307 GBP

10 10/11p ordinary

Purchase

45,079

2.5420 GBP

10 10/11p ordinary

Purchase

43,183

2.5367 GBP

10 10/11p ordinary

Purchase

30,767

2.5323 GBP

10 10/11p ordinary

Purchase

29,095

2.5325 GBP

10 10/11p ordinary

Purchase

25,654

2.5349 GBP

10 10/11p ordinary

Purchase

23,938

2.5342 GBP

10 10/11p ordinary

Purchase

19,336

2.5339 GBP

10 10/11p ordinary

Purchase

16,004

2.5320 GBP

10 10/11p ordinary

Purchase

16,002

2.5316 GBP

10 10/11p ordinary

Purchase

14,700

2.5381 GBP

10 10/11p ordinary

Purchase

8,508

2.5384 GBP

10 10/11p ordinary

Purchase

7,488

2.5400 GBP

10 10/11p ordinary

Purchase

4,477

2.5333 GBP

10 10/11p ordinary

Purchase

4,224

2.5344 GBP

10 10/11p ordinary

Purchase

4,140

2.5357 GBP

10 10/11p ordinary

Purchase

4,085

2.5362 GBP

10 10/11p ordinary

Purchase

4,032

2.5366 GBP

10 10/11p ordinary

Purchase

4,024

2.5361 GBP

10 10/11p ordinary

Purchase

2,642

2.5340 GBP

ADR

Purchase

2,280

12.6664 USD

10 10/11p ordinary

Purchase

1,384

2.5430 GBP

10 10/11p ordinary

Purchase

1,213

2.5393 GBP

10 10/11p ordinary

Purchase

1,200

2.5380 GBP

10 10/11p ordinary

Purchase

626

2.5360 GBP

10 10/11p ordinary

Purchase

624

2.5280 GBP

10 10/11p ordinary

Purchase

5

2.5412 GBP

10 10/11p ordinary

Sale

941,628

2.5344 GBP

10 10/11p ordinary

Sale

157,671

2.5318 GBP

10 10/11p ordinary

Sale

138,167

2.5419 GBP

10 10/11p ordinary

Sale

115,498

2.5326 GBP

10 10/11p ordinary

Sale

110,711

2.5420 GBP

10 10/11p ordinary

Sale

104,200

2.5337 GBP

10 10/11p ordinary

Sale

99,492

2.5377 GBP

10 10/11p ordinary

Sale

95,804

2.5323 GBP

10 10/11p ordinary

Sale

88,571

2.5316 GBP

10 10/11p ordinary

Sale

66,096

2.5343 GBP

10 10/11p ordinary

Sale

65,804

2.5315 GBP

10 10/11p ordinary

Sale

47,745

2.5299 GBP

10 10/11p ordinary

Sale

44,423

2.5296 GBP

10 10/11p ordinary

Sale

27,987

2.5352 GBP

10 10/11p ordinary

Sale

13,382

2.5317 GBP

10 10/11p ordinary

Sale

13,369

2.5325 GBP

10 10/11p ordinary

Sale

10,398

2.5334 GBP

10 10/11p ordinary

Sale

10,048

2.5332 GBP

10 10/11p ordinary

Sale

8,325

2.5331 GBP

10 10/11p ordinary

Sale

8,095

2.5353 GBP

10 10/11p ordinary

Sale

5,215

2.5355 GBP

10 10/11p ordinary

Sale

4,816

2.5340 GBP

10 10/11p ordinary

Sale

4,766

2.5360 GBP

10 10/11p ordinary

Sale

4,658

2.5280 GBP

10 10/11p ordinary

Sale

3,893

2.5320 GBP

10 10/11p ordinary

Sale

3,103

2.5302 GBP

ADR

Sale

2,280

12.6664 USD

10 10/11p ordinary

Sale

2,125

2.5399 GBP

10 10/11p ordinary

Sale

519

2.5240 GBP

10 10/11p ordinary

Sale

401

2.5379 GBP

10 10/11p ordinary

Sale

327

2.5357 GBP

10 10/11p ordinary

Sale

162

2.5359 GBP

10 10/11p ordinary

Sale

78

2.5220 GBP

10 10/11p ordinary

Sale

7

2.5040 GBP

10 10/11p ordinary

Sale

1

2.5380 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

4,306

2.5280 GBP

10 10/11p ordinary

SWAP

Increasing Long

3,103

2.5302 GBP

10 10/11p ordinary

SWAP

Increasing Long

46,403

2.5309 GBP

10 10/11p ordinary

SWAP

Increasing Long

88,571

2.5316 GBP

10 10/11p ordinary

SWAP

Increasing Long

74,017

2.5317 GBP

10 10/11p ordinary

SWAP

Increasing Long

157,671

2.5318 GBP

10 10/11p ordinary

SWAP

Increasing Long

64,247

2.5322 GBP

10 10/11p ordinary

SWAP

Increasing Long

43,100

2.5335 GBP

10 10/11p ordinary

SWAP

Increasing Long

61,100

2.5339 GBP

10 10/11p ordinary

SWAP

Increasing Long

1,103

2.5340 GBP

10 10/11p ordinary

SWAP

Increasing Long

21,787

2.5342 GBP

10 10/11p ordinary

SWAP

Increasing Long

93,718

2.5356 GBP

10 10/11p ordinary

SWAP

Increasing Long

327

2.5357 GBP

10 10/11p ordinary

SWAP

Increasing Long

162

2.5359 GBP

10 10/11p ordinary

SWAP

Increasing Long

47,295

2.5361 GBP

10 10/11p ordinary

SWAP

Increasing Long

1,854

2.5379 GBP

10 10/11p ordinary

SWAP

Increasing Long

2,125

2.5399 GBP

10 10/11p ordinary

SWAP

Increasing Long

138,167

2.5419 GBP

10 10/11p ordinary

SWAP

Increasing Long

64,005

2.5420 GBP

10 10/11p ordinary

SWAP

Decreasing Long

7

2.5040 GBP

10 10/11p ordinary

SWAP

Decreasing Long

2,086

2.5270 GBP

10 10/11p ordinary

SWAP

Decreasing Long

272

2.5280 GBP

10 10/11p ordinary

SWAP

Decreasing Long

8,442

2.5304 GBP

10 10/11p ordinary

SWAP

Decreasing Long

321

2.5305 GBP

10 10/11p ordinary

SWAP

Decreasing Long

48,308

2.5307 GBP

10 10/11p ordinary

SWAP

Decreasing Long

16,002

2.5316 GBP

10 10/11p ordinary

SWAP

Decreasing Long

108,144

2.5323 GBP

10 10/11p ordinary

SWAP

Decreasing Long

3,082

2.5325 GBP

10 10/11p ordinary

SWAP

Decreasing Long

10,025

2.5330 GBP

10 10/11p ordinary

SWAP

Decreasing Long

148,391

2.5331 GBP

10 10/11p ordinary

SWAP

Decreasing Long

53,960

2.5332 GBP

10 10/11p ordinary

SWAP

Decreasing Long

4,477

2.5333 GBP

10 10/11p ordinary

SWAP

Decreasing Long

63,377

2.5334 GBP

10 10/11p ordinary

SWAP

Decreasing Long

83,164

2.5354 GBP

10 10/11p ordinary

SWAP

Decreasing Long

119,429

2.5359 GBP

10 10/11p ordinary

SWAP

Decreasing Long

1,731

2.5361 GBP

10 10/11p ordinary

SWAP

Decreasing Long

14,700

2.5381 GBP

10 10/11p ordinary

SWAP

Decreasing Long

88,586

2.5390 GBP

10 10/11p ordinary

SWAP

Decreasing Long

7,488

2.5400 GBP

10 10/11p ordinary

SWAP

Decreasing Long

10,063

2.5406 GBP

10 10/11p ordinary

SWAP

Decreasing Long

1,098

2.5420 GBP

10 10/11p ordinary

CFD

Decreasing Short

38,229

2.5269 GBP

10 10/11p ordinary

CFD

Decreasing Short

84,117

2.5297 GBP

10 10/11p ordinary

CFD

Decreasing Short

16,625

2.5306 GBP

10 10/11p ordinary

CFD

Decreasing Short

798

2.5330 GBP

10 10/11p ordinary

CFD

Decreasing Short

1,482

2.5331 GBP

10 10/11p ordinary

CFD

Decreasing Short

785,888

2.5340 GBP

10 10/11p ordinary

CFD

Decreasing Short

13,524

2.5367 GBP

10 10/11p ordinary

CFD

Decreasing Short

40

2.5395 GBP

10 10/11p ordinary

CFD

Increasing Short

1,553

2.5162 GBP

10 10/11p ordinary

CFD

Increasing Short

792

2.5241 GBP

10 10/11p ordinary

CFD

Increasing Short

6,762

2.5367 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:

30 Dec 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213