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:

24 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:

9,176,287

0.70%

13,699,381

1.04%

(2) Cash-settled derivatives:

14,446,573

1.10%

8,493,208

0.65%

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

0

0.00%

0

0.00%

TOTAL: 

23,622,860

1.80%

22,192,589

1.69%

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

364,763

2.5352 GBP

10 10/11p ordinary

Purchase

58,082

2.5380 GBP

10 10/11p ordinary

Purchase

48,295

2.5281 GBP

10 10/11p ordinary

Purchase

42,600

2.5278 GBP

10 10/11p ordinary

Purchase

29,435

2.5276 GBP

10 10/11p ordinary

Purchase

23,024

2.5326 GBP

10 10/11p ordinary

Purchase

20,266

2.5301 GBP

ADR

Purchase

20,000

12.5300 USD

10 10/11p ordinary

Purchase

15,928

2.5292 GBP

10 10/11p ordinary

Purchase

11,441

2.5291 GBP

10 10/11p ordinary

Purchase

10,461

2.5265 GBP

10 10/11p ordinary

Purchase

10,006

2.5282 GBP

10 10/11p ordinary

Purchase

8,259

2.5298 GBP

10 10/11p ordinary

Purchase

4,947

2.5320 GBP

10 10/11p ordinary

Purchase

4,378

2.5300 GBP

10 10/11p ordinary

Purchase

3,834

2.5200 GBP

10 10/11p ordinary

Purchase

3,703

2.5280 GBP

10 10/11p ordinary

Purchase

3,623

2.5319 GBP

10 10/11p ordinary

Purchase

3,389

2.5220 GBP

10 10/11p ordinary

Purchase

3,130

2.5293 GBP

10 10/11p ordinary

Purchase

2,782

2.5299 GBP

10 10/11p ordinary

Purchase

2,609

2.5311 GBP

10 10/11p ordinary

Purchase

2,536

2.5288 GBP

10 10/11p ordinary

Purchase

2,241

2.5277 GBP

10 10/11p ordinary

Purchase

2,059

2.5290 GBP

10 10/11p ordinary

Purchase

1,736

2.5275 GBP

10 10/11p ordinary

Purchase

1,710

2.5270 GBP

10 10/11p ordinary

Purchase

1,694

2.5310 GBP

10 10/11p ordinary

Purchase

1,109

2.5294 GBP

10 10/11p ordinary

Purchase

1,027

2.5263 GBP

10 10/11p ordinary

Purchase

674

2.5330 GBP

10 10/11p ordinary

Purchase

519

2.5312 GBP

10 10/11p ordinary

Purchase

477

2.5260 GBP

10 10/11p ordinary

Purchase

327

2.5343 GBP

10 10/11p ordinary

Sale

105,574

2.5380 GBP

10 10/11p ordinary

Sale

67,789

2.5299 GBP

10 10/11p ordinary

Sale

45,014

2.5307 GBP

10 10/11p ordinary

Sale

28,294

2.5274 GBP

10 10/11p ordinary

Sale

27,416

2.5315 GBP

10 10/11p ordinary

Sale

22,900

2.5262 GBP

10 10/11p ordinary

Sale

20,402

2.5275 GBP

10 10/11p ordinary

Sale

13,684

2.5288 GBP

10 10/11p ordinary

Sale

12,055

2.5257 GBP

10 10/11p ordinary

Sale

11,123

2.5318 GBP

10 10/11p ordinary

Sale

9,435

2.5287 GBP

10 10/11p ordinary

Sale

8,569

2.5267 GBP

10 10/11p ordinary

Sale

7,862

2.5310 GBP

10 10/11p ordinary

Sale

5,128

2.5282 GBP

10 10/11p ordinary

Sale

4,808

2.5290 GBP

10 10/11p ordinary

Sale

4,111

2.5273 GBP

10 10/11p ordinary

Sale

3,846

2.5320 GBP

10 10/11p ordinary

Sale

3,389

2.5220 GBP

10 10/11p ordinary

Sale

2,594

2.5276 GBP

10 10/11p ordinary

Sale

1,596

2.5277 GBP

10 10/11p ordinary

Sale

1,454

2.5280 GBP

10 10/11p ordinary

Sale

1,003

2.5346 GBP

10 10/11p ordinary

Sale

477

2.5260 GBP

10 10/11p ordinary

Sale

259

2.5270 GBP

10 10/11p ordinary

Sale

189

2.5258 GBP

10 10/11p ordinary

Sale

41

2.5300 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

12,055

2.5257 GBP

10 10/11p ordinary

SWAP

Increasing Long

189

2.5258 GBP

10 10/11p ordinary

SWAP

Increasing Long

22,900

2.5262 GBP

10 10/11p ordinary

SWAP

Increasing Long

19,473

2.5265 GBP

10 10/11p ordinary

SWAP

Increasing Long

8,569

2.5267 GBP

10 10/11p ordinary

SWAP

Increasing Long

18,811

2.5275 GBP

10 10/11p ordinary

SWAP

Increasing Long

12,555

2.5278 GBP

10 10/11p ordinary

SWAP

Increasing Long

216

2.5299 GBP

10 10/11p ordinary

SWAP

Increasing Long

2,684

2.5303 GBP

10 10/11p ordinary

SWAP

Increasing Long

45,000

2.5307 GBP

10 10/11p ordinary

SWAP

Increasing Long

14

2.5308 GBP

10 10/11p ordinary

SWAP

Increasing Long

7,862

2.5310 GBP

10 10/11p ordinary

SWAP

Increasing Long

11,123

2.5318 GBP

10 10/11p ordinary

SWAP

Increasing Long

2,317

2.5332 GBP

10 10/11p ordinary

SWAP

Decreasing Long

88

2.5140 GBP

10 10/11p ordinary

SWAP

Decreasing Long

3,834

2.5200 GBP

10 10/11p ordinary

SWAP

Decreasing Long

8,464

2.5275 GBP

10 10/11p ordinary

SWAP

Decreasing Long

3,148

2.5277 GBP

10 10/11p ordinary

SWAP

Decreasing Long

893

2.5280 GBP

10 10/11p ordinary

SWAP

Decreasing Long

2,059

2.5290 GBP

10 10/11p ordinary

SWAP

Decreasing Long

16,773

2.5291 GBP

10 10/11p ordinary

SWAP

Decreasing Long

8,259

2.5298 GBP

10 10/11p ordinary

SWAP

Decreasing Long

2,782

2.5299 GBP

10 10/11p ordinary

SWAP

Decreasing Long

1,713

2.5300 GBP

10 10/11p ordinary

SWAP

Decreasing Long

14,934

2.5304 GBP

10 10/11p ordinary

SWAP

Decreasing Long

37

2.5309 GBP

10 10/11p ordinary

SWAP

Decreasing Long

216,199

2.5311 GBP

10 10/11p ordinary

SWAP

Decreasing Long

519

2.5312 GBP

10 10/11p ordinary

SWAP

Decreasing Long

107,211

2.5313 GBP

10 10/11p ordinary

SWAP

Decreasing Long

1,101

2.5320 GBP

10 10/11p ordinary

SWAP

Decreasing Long

674

2.5329 GBP

10 10/11p ordinary

SWAP

Decreasing Long

327

2.5343 GBP

10 10/11p ordinary

SWAP

Decreasing Long

58,082

2.5380 GBP

10 10/11p ordinary

CFD

Decreasing Short

8,304

2.5290 GBP

10 10/11p ordinary

CFD

Increasing Short

80,000

2.5017 GBP

10 10/11p ordinary

CFD

Opening Short

20,000

12.5300 USD

(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:

27 Dec 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213