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 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:

13,455,894

1.03%

12,152,905

0.93%

(2) Cash-settled derivatives:

12,909,521

0.98%

13,406,791

1.02%

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

0

0.00%

0

0.00%

TOTAL: 

26,365,415

2.01%

25,559,696

1.95%

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

214,596

2.6600 GBP

10 10/11p ordinary

Purchase

44,862

2.6590 GBP

10 10/11p ordinary

Purchase

38,132

2.6602 GBP

10 10/11p ordinary

Purchase

11,100

2.6548 GBP

10 10/11p ordinary

Purchase

8,714

2.6594 GBP

10 10/11p ordinary

Purchase

8,645

2.6587 GBP

10 10/11p ordinary

Purchase

6,961

2.6626 GBP

10 10/11p ordinary

Purchase

6,239

2.6627 GBP

10 10/11p ordinary

Purchase

4,602

2.6640 GBP

10 10/11p ordinary

Purchase

4,342

2.6611 GBP

10 10/11p ordinary

Purchase

2,471

2.6580 GBP

10 10/11p ordinary

Purchase

2,018

2.6559 GBP

10 10/11p ordinary

Purchase

1,498

2.6639 GBP

10 10/11p ordinary

Purchase

1,225

2.6620 GBP

10 10/11p ordinary

Purchase

2

2.6710 GBP

10 10/11p ordinary

Purchase

1

2.6760 GBP

10 10/11p ordinary

Sale

164,177

2.6590 GBP

10 10/11p ordinary

Sale

136,876

2.6603 GBP

10 10/11p ordinary

Sale

101,693

2.6599 GBP

10 10/11p ordinary

Sale

60,380

2.6573 GBP

10 10/11p ordinary

Sale

38,324

2.6567 GBP

10 10/11p ordinary

Sale

26,074

2.6595 GBP

10 10/11p ordinary

Sale

23,456

2.6566 GBP

10 10/11p ordinary

Sale

21,531

2.6592 GBP

10 10/11p ordinary

Sale

21,075

2.6598 GBP

10 10/11p ordinary

Sale

10,447

2.6575 GBP

10 10/11p ordinary

Sale

6,247

2.6602 GBP

10 10/11p ordinary

Sale

5,564

2.6600 GBP

10 10/11p ordinary

Sale

3,497

2.6580 GBP

10 10/11p ordinary

Sale

1,498

2.6640 GBP

10 10/11p ordinary

Sale

415

2.6559 GBP

10 10/11p ordinary

Sale

310

2.6560 GBP

10 10/11p ordinary

Sale

183

2.6597 GBP

10 10/11p ordinary

Sale

4

2.6728 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 Short

36,467

2.6598 GBP

10 10/11p ordinary

SWAP

Increasing Long

415

2.6559 GBP

10 10/11p ordinary

SWAP

Increasing Long

38,324

2.6567 GBP

10 10/11p ordinary

SWAP

Increasing Long

30,589

2.6569 GBP

10 10/11p ordinary

SWAP

Increasing Long

45,024

2.6577 GBP

10 10/11p ordinary

SWAP

Increasing Long

48,182

2.6579 GBP

10 10/11p ordinary

SWAP

Increasing Long

3,497

2.6580 GBP

10 10/11p ordinary

SWAP

Increasing Long

75,499

2.6590 GBP

10 10/11p ordinary

SWAP

Increasing Long

28,943

2.6594 GBP

10 10/11p ordinary

SWAP

Increasing Long

183

2.6597 GBP

10 10/11p ordinary

SWAP

Increasing Long

36,050

2.6598 GBP

10 10/11p ordinary

SWAP

Increasing Long

101,693

2.6599 GBP

10 10/11p ordinary

SWAP

Increasing Long

74,290

2.6600 GBP

10 10/11p ordinary

SWAP

Increasing Long

3,373

2.6607 GBP

10 10/11p ordinary

SWAP

Increasing Long

55,518

2.6609 GBP

10 10/11p ordinary

SWAP

Decreasing Long

1,659

2.6586 GBP

10 10/11p ordinary

SWAP

Decreasing Long

89,533

2.6600 GBP

10 10/11p ordinary

SWAP

Decreasing Long

62,233

2.6601 GBP

10 10/11p ordinary

SWAP

Decreasing Long

38,132

2.6602 GBP

10 10/11p ordinary

SWAP

Decreasing Long

29,099

2.6606 GBP

10 10/11p ordinary

SWAP

Decreasing Long

6,239

2.6627 GBP

10 10/11p ordinary

SWAP

Decreasing Long

3,104

2.6640 GBP

10 10/11p ordinary

CFD

Increasing Short

12,194

2.6602 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:

27 Jan 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213