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:

13 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:

9,529,406

0.73%

13,493,773

1.03%

(2) Cash-settled derivatives:

14,260,099

1.09%

7,522,535

0.57%

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

0

0.00%

0

0.00%

TOTAL: 

23,789,505

1.81%

21,016,308

1.60%

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

810,563

2.4680 GBP

10 10/11p ordinary

Purchase

277,126

2.4689 GBP

10 10/11p ordinary

Purchase

194,228

2.4681 GBP

10 10/11p ordinary

Purchase

60,552

2.4634 GBP

10 10/11p ordinary

Purchase

50,500

2.4767 GBP

10 10/11p ordinary

Purchase

31,300

2.4783 GBP

10 10/11p ordinary

Purchase

31,162

2.4771 GBP

10 10/11p ordinary

Purchase

25,465

2.4778 GBP

10 10/11p ordinary

Purchase

15,900

2.4713 GBP

10 10/11p ordinary

Purchase

14,652

2.4796 GBP

10 10/11p ordinary

Purchase

13,470

2.4795 GBP

10 10/11p ordinary

Purchase

11,987

2.4760 GBP

10 10/11p ordinary

Purchase

9,600

2.4663 GBP

10 10/11p ordinary

Purchase

8,814

2.4773 GBP

10 10/11p ordinary

Purchase

7,452

2.4759 GBP

10 10/11p ordinary

Purchase

6,934

2.4761 GBP

10 10/11p ordinary

Purchase

6,788

2.4745 GBP

10 10/11p ordinary

Purchase

6,066

2.4736 GBP

10 10/11p ordinary

Purchase

5,567

2.4829 GBP

10 10/11p ordinary

Purchase

5,139

2.4740 GBP

10 10/11p ordinary

Purchase

4,433

2.4800 GBP

10 10/11p ordinary

Purchase

3,968

2.4756 GBP

10 10/11p ordinary

Purchase

3,370

2.4770 GBP

10 10/11p ordinary

Purchase

2,420

2.4697 GBP

10 10/11p ordinary

Purchase

2,042

2.4820 GBP

10 10/11p ordinary

Purchase

1,880

2.4748 GBP

10 10/11p ordinary

Purchase

1,879

2.4766 GBP

10 10/11p ordinary

Purchase

1,529

2.4866 GBP

10 10/11p ordinary

Purchase

1,060

2.4860 GBP

10 10/11p ordinary

Purchase

969

2.4590 GBP

10 10/11p ordinary

Purchase

926

2.4780 GBP

10 10/11p ordinary

Purchase

274

2.4880 GBP

10 10/11p ordinary

Purchase

251

2.4762 GBP

10 10/11p ordinary

Purchase

68

2.4700 GBP

10 10/11p ordinary

Sale

423,485

2.4680 GBP

10 10/11p ordinary

Sale

358,863

2.4700 GBP

10 10/11p ordinary

Sale

128,734

2.4460 GBP

10 10/11p ordinary

Sale

107,653

2.4721 GBP

10 10/11p ordinary

Sale

49,534

2.4732 GBP

10 10/11p ordinary

Sale

41,792

2.4736 GBP

10 10/11p ordinary

Sale

32,248

2.4679 GBP

10 10/11p ordinary

Sale

28,396

2.4752 GBP

10 10/11p ordinary

Sale

21,058

2.4619 GBP

10 10/11p ordinary

Sale

20,271

2.4761 GBP

10 10/11p ordinary

Sale

13,222

2.4631 GBP

10 10/11p ordinary

Sale

10,323

2.4766 GBP

10 10/11p ordinary

Sale

9,354

2.4849 GBP

10 10/11p ordinary

Sale

7,228

2.4785 GBP

10 10/11p ordinary

Sale

6,788

2.4748 GBP

10 10/11p ordinary

Sale

6,191

2.4770 GBP

10 10/11p ordinary

Sale

5,557

2.4745 GBP

10 10/11p ordinary

Sale

5,390

2.4530 GBP

10 10/11p ordinary

Sale

5,386

2.4665 GBP

10 10/11p ordinary

Sale

3,770

2.4780 GBP

10 10/11p ordinary

Sale

3,458

2.4814 GBP

10 10/11p ordinary

Sale

3,298

2.4678 GBP

10 10/11p ordinary

Sale

3,214

2.4790 GBP

10 10/11p ordinary

Sale

2,285

2.4760 GBP

10 10/11p ordinary

Sale

1,880

2.4750 GBP

10 10/11p ordinary

Sale

1,308

2.4674 GBP

10 10/11p ordinary

Sale

1,060

2.4860 GBP

10 10/11p ordinary

Sale

969

2.4590 GBP

10 10/11p ordinary

Sale

785

2.4720 GBP

10 10/11p ordinary

Sale

732

2.4580 GBP

10 10/11p ordinary

Sale

650

2.4740 GBP

10 10/11p ordinary

Sale

450

2.4850 GBP

10 10/11p ordinary

Sale

339

2.4739 GBP

10 10/11p ordinary

Sale

260

2.4820 GBP

10 10/11p ordinary

Sale

68

2.4702 GBP

10 10/11p ordinary

Sale

36

2.4800 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

5,386

2.4665 GBP

10 10/11p ordinary

SWAP

Increasing Long

10,480

2.4678 GBP

10 10/11p ordinary

SWAP

Increasing Long

32,248

2.4679 GBP

10 10/11p ordinary

SWAP

Increasing Long

917

2.4680 GBP

10 10/11p ordinary

SWAP

Increasing Long

104,917

2.4721 GBP

10 10/11p ordinary

SWAP

Increasing Long

2,509

2.4733 GBP

10 10/11p ordinary

SWAP

Increasing Long

339

2.4739 GBP

10 10/11p ordinary

SWAP

Increasing Long

385

2.4760 GBP

10 10/11p ordinary

SWAP

Increasing Long

20,271

2.4761 GBP

10 10/11p ordinary

SWAP

Increasing Long

1,716

2.4780 GBP

10 10/11p ordinary

SWAP

Increasing Long

2,977

2.4805 GBP

10 10/11p ordinary

SWAP

Increasing Long

3,458

2.4814 GBP

10 10/11p ordinary

SWAP

Increasing Long

9,354

2.4849 GBP

10 10/11p ordinary

SWAP

Decreasing Long

600

2.4600 GBP

10 10/11p ordinary

SWAP

Decreasing Long

30,299

2.4665 GBP

10 10/11p ordinary

SWAP

Decreasing Long

636,303

2.4680 GBP

10 10/11p ordinary

SWAP

Decreasing Long

48,199

2.4686 GBP

10 10/11p ordinary

SWAP

Decreasing Long

2,420

2.4697 GBP

10 10/11p ordinary

SWAP

Decreasing Long

140,050

2.4719 GBP

10 10/11p ordinary

SWAP

Decreasing Long

6,066

2.4736 GBP

10 10/11p ordinary

SWAP

Decreasing Long

585

2.4740 GBP

10 10/11p ordinary

SWAP

Decreasing Long

14,497

2.4752 GBP

10 10/11p ordinary

SWAP

Decreasing Long

195

2.4754 GBP

10 10/11p ordinary

SWAP

Decreasing Long

6,934

2.4761 GBP

10 10/11p ordinary

SWAP

Decreasing Long

3,535

2.4762 GBP

10 10/11p ordinary

SWAP

Decreasing Long

43,717

2.4767 GBP

10 10/11p ordinary

SWAP

Decreasing Long

21,509

2.4774 GBP

10 10/11p ordinary

SWAP

Decreasing Long

2,120

2.4787 GBP

10 10/11p ordinary

SWAP

Decreasing Long

1,237

2.4788 GBP

10 10/11p ordinary

SWAP

Decreasing Long

13,470

2.4795 GBP

10 10/11p ordinary

SWAP

Decreasing Long

14,652

2.4796 GBP

10 10/11p ordinary

SWAP

Decreasing Long

5,700

2.4800 GBP

10 10/11p ordinary

SWAP

Decreasing Long

326

2.4819 GBP

10 10/11p ordinary

CFD

Decreasing Short

257,468

2.4459 GBP

10 10/11p ordinary

CFD

Decreasing Short

12,104

2.4770 GBP

10 10/11p ordinary

CFD

Increasing Short

128,734

2.4459 GBP

10 10/11p ordinary

CFD

Increasing Short

5,172

2.4768 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:

16 Dec 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213