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:

08 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:

9,432,856

0.72%

11,824,374

0.90%

(2) Cash-settled derivatives:

12,558,938

0.96%

9,268,134

0.71%

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

0

0.00%

0

0.00%

TOTAL: 

21,991,794

1.68%

21,092,508

1.61%

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

1,500,000

2.5956 GBP

10 10/11p ordinary

Purchase

260,484

2.5679 GBP

10 10/11p ordinary

Purchase

228,492

2.5640 GBP

10 10/11p ordinary

Purchase

214,298

2.5694 GBP

10 10/11p ordinary

Purchase

154,732

2.5644 GBP

10 10/11p ordinary

Purchase

98,758

2.5670 GBP

10 10/11p ordinary

Purchase

90,227

2.5971 GBP

10 10/11p ordinary

Purchase

85,722

2.5753 GBP

10 10/11p ordinary

Purchase

81,231

2.5850 GBP

10 10/11p ordinary

Purchase

69,694

2.5975 GBP

10 10/11p ordinary

Purchase

57,711

2.5650 GBP

10 10/11p ordinary

Purchase

57,103

2.6000 GBP

10 10/11p ordinary

Purchase

53,224

2.5707 GBP

10 10/11p ordinary

Purchase

46,415

2.5598 GBP

10 10/11p ordinary

Purchase

42,590

2.5573 GBP

10 10/11p ordinary

Purchase

38,147

2.5744 GBP

10 10/11p ordinary

Purchase

33,047

2.5653 GBP

10 10/11p ordinary

Purchase

31,535

2.5654 GBP

10 10/11p ordinary

Purchase

27,382

2.5809 GBP

10 10/11p ordinary

Purchase

25,949

2.5831 GBP

10 10/11p ordinary

Purchase

21,225

2.5615 GBP

10 10/11p ordinary

Purchase

20,001

2.5691 GBP

10 10/11p ordinary

Purchase

16,906

2.5774 GBP

10 10/11p ordinary

Purchase

16,410

2.5804 GBP

10 10/11p ordinary

Purchase

13,296

2.5665 GBP

10 10/11p ordinary

Purchase

13,025

2.5549 GBP

10 10/11p ordinary

Purchase

12,553

2.5937 GBP

10 10/11p ordinary

Purchase

10,121

2.5596 GBP

10 10/11p ordinary

Purchase

8,865

2.5718 GBP

10 10/11p ordinary

Purchase

7,770

2.5802 GBP

10 10/11p ordinary

Purchase

7,747

2.5931 GBP

10 10/11p ordinary

Purchase

6,038

2.5929 GBP

10 10/11p ordinary

Purchase

5,165

2.5660 GBP

10 10/11p ordinary

Purchase

3,250

2.5777 GBP

10 10/11p ordinary

Purchase

2,956

2.5700 GBP

10 10/11p ordinary

Purchase

2,884

2.5980 GBP

10 10/11p ordinary

Purchase

2,414

2.5964 GBP

10 10/11p ordinary

Purchase

2,323

2.5900 GBP

10 10/11p ordinary

Purchase

2,008

2.5960 GBP

10 10/11p ordinary

Purchase

1,994

2.5798 GBP

10 10/11p ordinary

Purchase

1,657

2.5930 GBP

10 10/11p ordinary

Purchase

1,450

2.5923 GBP

10 10/11p ordinary

Purchase

1,215

2.5920 GBP

10 10/11p ordinary

Purchase

1,206

2.5990 GBP

10 10/11p ordinary

Purchase

292

2.5580 GBP

10 10/11p ordinary

Purchase

224

2.5480 GBP

10 10/11p ordinary

Purchase

199

2.5560 GBP

10 10/11p ordinary

Purchase

150

2.5520 GBP

10 10/11p ordinary

Purchase

94

2.5817 GBP

10 10/11p ordinary

Sale

287,400

2.5651 GBP

10 10/11p ordinary

Sale

203,600

2.5977 GBP

10 10/11p ordinary

Sale

191,380

2.5708 GBP

10 10/11p ordinary

Sale

147,043

2.5617 GBP

10 10/11p ordinary

Sale

112,555

2.5560 GBP

10 10/11p ordinary

Sale

82,926

2.5695 GBP

10 10/11p ordinary

Sale

81,357

2.5639 GBP

10 10/11p ordinary

Sale

57,103

2.6000 GBP

10 10/11p ordinary

Sale

56,046

2.5584 GBP

10 10/11p ordinary

Sale

52,119

2.5600 GBP

10 10/11p ordinary

Sale

35,262

2.5930 GBP

10 10/11p ordinary

Sale

13,600

2.5907 GBP

10 10/11p ordinary

Sale

10,121

2.5596 GBP

10 10/11p ordinary

Sale

5,165

2.5660 GBP

10 10/11p ordinary

Sale

4,846

2.5903 GBP

10 10/11p ordinary

Sale

4,735

2.5761 GBP

10 10/11p ordinary

Sale

2,744

2.5506 GBP

10 10/11p ordinary

Sale

2,449

2.5851 GBP

10 10/11p ordinary

Sale

2,387

2.5640 GBP

10 10/11p ordinary

Sale

1,815

2.5980 GBP

10 10/11p ordinary

Sale

1,240

2.5940 GBP

10 10/11p ordinary

Sale

816

2.5540 GBP

10 10/11p ordinary

Sale

688

2.5960 GBP

10 10/11p ordinary

Sale

619

2.5642 GBP

10 10/11p ordinary

Sale

358

2.5671 GBP

10 10/11p ordinary

Sale

292

2.5580 GBP

10 10/11p ordinary

Sale

224

2.5480 GBP

10 10/11p ordinary

Sale

186

2.5630 GBP

10 10/11p ordinary

Sale

150

2.5520 GBP

10 10/11p ordinary

Sale

15

2.5593 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

2,744

2.5506 GBP

10 10/11p ordinary

SWAP

Increasing Long

816

2.5540 GBP

10 10/11p ordinary

SWAP

Increasing Long

112,356

2.5560 GBP

10 10/11p ordinary

SWAP

Increasing Long

112,720

2.5561 GBP

10 10/11p ordinary

SWAP

Increasing Long

56,046

2.5584 GBP

10 10/11p ordinary

SWAP

Increasing Long

52,119

2.5600 GBP

10 10/11p ordinary

SWAP

Increasing Long

18,764

2.5613 GBP

10 10/11p ordinary

SWAP

Increasing Long

61,536

2.5619 GBP

10 10/11p ordinary

SWAP

Increasing Long

3,045

2.5638 GBP

10 10/11p ordinary

SWAP

Increasing Long

81,357

2.5639 GBP

10 10/11p ordinary

SWAP

Increasing Long

21,038

2.5640 GBP

10 10/11p ordinary

SWAP

Increasing Long

358

2.5670 GBP

10 10/11p ordinary

SWAP

Increasing Long

73,436

2.5676 GBP

10 10/11p ordinary

SWAP

Increasing Long

191,380

2.5708 GBP

10 10/11p ordinary

SWAP

Increasing Long

14,604

2.5768 GBP

10 10/11p ordinary

SWAP

Increasing Long

21,176

2.5799 GBP

10 10/11p ordinary

SWAP

Increasing Long

17,341

2.5896 GBP

10 10/11p ordinary

SWAP

Increasing Long

3,400

2.5903 GBP

10 10/11p ordinary

SWAP

Increasing Long

13,600

2.5907 GBP

10 10/11p ordinary

SWAP

Decreasing Long

12,254

2.5571 GBP

10 10/11p ordinary

SWAP

Decreasing Long

44,496

2.5573 GBP

10 10/11p ordinary

SWAP

Decreasing Long

9,555

2.5574 GBP

10 10/11p ordinary

SWAP

Decreasing Long

34,783

2.5575 GBP

10 10/11p ordinary

SWAP

Decreasing Long

43,847

2.5589 GBP

10 10/11p ordinary

SWAP

Decreasing Long

606

2.5617 GBP

10 10/11p ordinary

SWAP

Decreasing Long

23,977

2.5624 GBP

10 10/11p ordinary

SWAP

Decreasing Long

21,768

2.5625 GBP

10 10/11p ordinary

SWAP

Decreasing Long

17

2.5629 GBP

10 10/11p ordinary

SWAP

Decreasing Long

19,542

2.5633 GBP

10 10/11p ordinary

SWAP

Decreasing Long

19,960

2.5638 GBP

10 10/11p ordinary

SWAP

Decreasing Long

1,737

2.5639 GBP

10 10/11p ordinary

SWAP

Decreasing Long

126,198

2.5640 GBP

10 10/11p ordinary

SWAP

Decreasing Long

966

2.5642 GBP

10 10/11p ordinary

SWAP

Decreasing Long

30,718

2.5648 GBP

10 10/11p ordinary

SWAP

Decreasing Long

406

2.5649 GBP

10 10/11p ordinary

SWAP

Decreasing Long

76,109

2.5650 GBP

10 10/11p ordinary

SWAP

Decreasing Long

2,607

2.5652 GBP

10 10/11p ordinary

SWAP

Decreasing Long

28,444

2.5654 GBP

10 10/11p ordinary

SWAP

Decreasing Long

3,091

2.5656 GBP

10 10/11p ordinary

SWAP

Decreasing Long

12,732

2.5666 GBP

10 10/11p ordinary

SWAP

Decreasing Long

58,371

2.5670 GBP

10 10/11p ordinary

SWAP

Decreasing Long

40,026

2.5671 GBP

10 10/11p ordinary

SWAP

Decreasing Long

6,481

2.5675 GBP

10 10/11p ordinary

SWAP

Decreasing Long

49,217

2.5683 GBP

10 10/11p ordinary

SWAP

Decreasing Long

1,045

2.5691 GBP

10 10/11p ordinary

SWAP

Decreasing Long

5,373

2.5693 GBP

10 10/11p ordinary

SWAP

Decreasing Long

214,298

2.5694 GBP

10 10/11p ordinary

SWAP

Decreasing Long

2,956

2.5700 GBP

10 10/11p ordinary

SWAP

Decreasing Long

53,224

2.5707 GBP

10 10/11p ordinary

SWAP

Decreasing Long

266,797

2.5710 GBP

10 10/11p ordinary

SWAP

Decreasing Long

89,550

2.5714 GBP

10 10/11p ordinary

SWAP

Decreasing Long

3,389

2.5732 GBP

10 10/11p ordinary

SWAP

Decreasing Long

561

2.5745 GBP

10 10/11p ordinary

SWAP

Decreasing Long

2,913

2.5749 GBP

10 10/11p ordinary

SWAP

Decreasing Long

1,058

2.5770 GBP

10 10/11p ordinary

SWAP

Decreasing Long

4,609

2.5771 GBP

10 10/11p ordinary

SWAP

Decreasing Long

5,892

2.5814 GBP

10 10/11p ordinary

SWAP

Decreasing Long

94

2.5816 GBP

10 10/11p ordinary

SWAP

Decreasing Long

25,463

2.5820 GBP

10 10/11p ordinary

SWAP

Decreasing Long

4,889

2.5823 GBP

10 10/11p ordinary

SWAP

Decreasing Long

880

2.5849 GBP

10 10/11p ordinary

SWAP

Decreasing Long

165

2.5854 GBP

10 10/11p ordinary

SWAP

Decreasing Long

824

2.5871 GBP

10 10/11p ordinary

SWAP

Decreasing Long

4,244

2.5890 GBP

10 10/11p ordinary

SWAP

Decreasing Long

6,088

2.5920 GBP

10 10/11p ordinary

SWAP

Decreasing Long

6,038

2.5929 GBP

10 10/11p ordinary

SWAP

Decreasing Long

1,657

2.5930 GBP

10 10/11p ordinary

SWAP

Decreasing Long

7,747

2.5931 GBP

10 10/11p ordinary

SWAP

Decreasing Long

1,500,000

2.5956 GBP

10 10/11p ordinary

CFD

Decreasing Short

941

2.5830 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:

09 Jan 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213