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:

10 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:

10,397,952

0.79%

12,347,311

0.94%

(2) Cash-settled derivatives:

13,006,469

0.99%

10,252,908

0.78%

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

0

0.00%

0

0.00%

TOTAL: 

23,404,421

1.78%

22,600,219

1.72%

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

414,506

2.5546 GBP

10 10/11p ordinary

Purchase

119,213

2.5526 GBP

10 10/11p ordinary

Purchase

107,906

2.5500 GBP

10 10/11p ordinary

Purchase

67,657

2.5763 GBP

10 10/11p ordinary

Purchase

43,603

2.5753 GBP

10 10/11p ordinary

Purchase

27,409

2.5629 GBP

10 10/11p ordinary

Purchase

22,784

2.5716 GBP

10 10/11p ordinary

Purchase

18,000

2.5772 GBP

10 10/11p ordinary

Purchase

15,060

2.5790 GBP

10 10/11p ordinary

Purchase

10,656

2.5782 GBP

10 10/11p ordinary

Purchase

10,601

2.5689 GBP

10 10/11p ordinary

Purchase

6,774

2.5710 GBP

10 10/11p ordinary

Purchase

5,569

2.5840 GBP

10 10/11p ordinary

Purchase

3,521

2.5911 GBP

10 10/11p ordinary

Purchase

3,203

2.5779 GBP

10 10/11p ordinary

Purchase

2,772

2.5736 GBP

10 10/11p ordinary

Purchase

2,587

2.5820 GBP

10 10/11p ordinary

Purchase

2,007

2.5750 GBP

10 10/11p ordinary

Purchase

1,091

2.5580 GBP

10 10/11p ordinary

Purchase

811

2.5880 GBP

10 10/11p ordinary

Purchase

592

2.5819 GBP

10 10/11p ordinary

Purchase

273

2.5752 GBP

10 10/11p ordinary

Purchase

4

2.5760 GBP

10 10/11p ordinary

Sale

1,279,627

2.5792 GBP

10 10/11p ordinary

Sale

544,474

2.5706 GBP

10 10/11p ordinary

Sale

251,098

2.5499 GBP

10 10/11p ordinary

Sale

236,516

2.5708 GBP

10 10/11p ordinary

Sale

218,777

2.5500 GBP

10 10/11p ordinary

Sale

171,953

2.5725 GBP

10 10/11p ordinary

Sale

159,740

2.5657 GBP

10 10/11p ordinary

Sale

134,526

2.5712 GBP

10 10/11p ordinary

Sale

83,571

2.5718 GBP

10 10/11p ordinary

Sale

68,593

2.5698 GBP

10 10/11p ordinary

Sale

32,819

2.5746 GBP

10 10/11p ordinary

Sale

32,688

2.5756 GBP

10 10/11p ordinary

Sale

31,081

2.5766 GBP

10 10/11p ordinary

Sale

28,441

2.5759 GBP

10 10/11p ordinary

Sale

22,776

2.5774 GBP

10 10/11p ordinary

Sale

21,912

2.5719 GBP

10 10/11p ordinary

Sale

20,829

2.5703 GBP

10 10/11p ordinary

Sale

12,292

2.5744 GBP

10 10/11p ordinary

Sale

10,742

2.5770 GBP

10 10/11p ordinary

Sale

7,573

2.5806 GBP

10 10/11p ordinary

Sale

6,855

2.5772 GBP

10 10/11p ordinary

Sale

5,971

2.5767 GBP

10 10/11p ordinary

Sale

4,289

2.5822 GBP

10 10/11p ordinary

Sale

3,433

2.5751 GBP

10 10/11p ordinary

Sale

3,336

2.5760 GBP

10 10/11p ordinary

Sale

2,604

2.5752 GBP

10 10/11p ordinary

Sale

2,025

2.5791 GBP

10 10/11p ordinary

Sale

1,952

2.5840 GBP

10 10/11p ordinary

Sale

1,362

2.5603 GBP

10 10/11p ordinary

Sale

1,073

2.5820 GBP

10 10/11p ordinary

Sale

928

2.5601 GBP

10 10/11p ordinary

Sale

885

2.5600 GBP

10 10/11p ordinary

Sale

654

2.5720 GBP

10 10/11p ordinary

Sale

5

2.5740 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

5,973

2.5498 GBP

10 10/11p ordinary

SWAP

Increasing Long

251,098

2.5499 GBP

10 10/11p ordinary

SWAP

Increasing Long

4,338

2.5579 GBP

10 10/11p ordinary

SWAP

Increasing Long

729

2.5591 GBP

10 10/11p ordinary

SWAP

Increasing Long

1,362

2.5604 GBP

10 10/11p ordinary

SWAP

Increasing Long

199

2.5640 GBP

10 10/11p ordinary

SWAP

Increasing Long

26

2.5673 GBP

10 10/11p ordinary

SWAP

Increasing Long

68,593

2.5698 GBP

10 10/11p ordinary

SWAP

Increasing Long

136,146

2.5701 GBP

10 10/11p ordinary

SWAP

Increasing Long

544,474

2.5706 GBP

10 10/11p ordinary

SWAP

Increasing Long

251,132

2.5712 GBP

10 10/11p ordinary

SWAP

Increasing Long

21,912

2.5719 GBP

10 10/11p ordinary

SWAP

Increasing Long

92,146

2.5723 GBP

10 10/11p ordinary

SWAP

Increasing Long

80,800

2.5738 GBP

10 10/11p ordinary

SWAP

Increasing Long

48,533

2.5763 GBP

10 10/11p ordinary

SWAP

Increasing Long

5,971

2.5767 GBP

10 10/11p ordinary

SWAP

Increasing Long

20,525

2.5790 GBP

10 10/11p ordinary

SWAP

Increasing Long

942

2.5838 GBP

10 10/11p ordinary

SWAP

Decreasing Long

56,712

2.5500 GBP

10 10/11p ordinary

SWAP

Decreasing Long

53,179

2.5523 GBP

10 10/11p ordinary

SWAP

Decreasing Long

27,409

2.5629 GBP

10 10/11p ordinary

SWAP

Decreasing Long

76,702

2.5732 GBP

10 10/11p ordinary

SWAP

Decreasing Long

164,073

2.5736 GBP

10 10/11p ordinary

SWAP

Decreasing Long

2,007

2.5750 GBP

10 10/11p ordinary

SWAP

Decreasing Long

273

2.5752 GBP

10 10/11p ordinary

SWAP

Decreasing Long

10,656

2.5782 GBP

10 10/11p ordinary

SWAP

Decreasing Long

6,759

2.5790 GBP

10 10/11p ordinary

SWAP

Decreasing Long

1,282

2.5840 GBP

10 10/11p ordinary

CFD

Decreasing Short

14,973

2.5686 GBP

10 10/11p ordinary

CFD

Decreasing Short

6,694

2.5755 GBP

10 10/11p ordinary

CFD

Decreasing Short

1,277,000

2.5792 GBP

10 10/11p ordinary

CFD

Increasing Short

7,691

2.5759 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:

13 Jan 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213