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:

03 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:

7,173,761

0.55%

12,788,224

0.98%

(2) Cash-settled derivatives:

13,525,353

1.03%

7,014,792

0.53%

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

0

0.00%

0

0.00%

TOTAL: 

20,699,114

1.58%

19,803,016

1.51%

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

336,799

2.5630 GBP

10 10/11p ordinary

Purchase

226,308

2.5662 GBP

10 10/11p ordinary

Purchase

193,675

2.5707 GBP

10 10/11p ordinary

Purchase

130,330

2.5721 GBP

10 10/11p ordinary

Purchase

96,639

2.5731 GBP

10 10/11p ordinary

Purchase

91,790

2.5600 GBP

10 10/11p ordinary

Purchase

86,034

2.5716 GBP

10 10/11p ordinary

Purchase

53,893

2.5677 GBP

10 10/11p ordinary

Purchase

41,473

2.5717 GBP

10 10/11p ordinary

Purchase

31,843

2.5740 GBP

10 10/11p ordinary

Purchase

25,059

2.5714 GBP

10 10/11p ordinary

Purchase

18,391

2.5710 GBP

10 10/11p ordinary

Purchase

10,492

2.5724 GBP

10 10/11p ordinary

Purchase

8,161

2.5705 GBP

10 10/11p ordinary

Purchase

8,141

2.5700 GBP

10 10/11p ordinary

Purchase

7,143

2.5706 GBP

10 10/11p ordinary

Purchase

6,571

2.5780 GBP

10 10/11p ordinary

Purchase

5,328

2.5739 GBP

10 10/11p ordinary

Purchase

4,522

2.5760 GBP

10 10/11p ordinary

Purchase

3,976

2.5713 GBP

10 10/11p ordinary

Purchase

3,417

2.5751 GBP

10 10/11p ordinary

Purchase

1,714

2.5800 GBP

10 10/11p ordinary

Purchase

1,610

2.5726 GBP

10 10/11p ordinary

Purchase

1,334

2.5660 GBP

10 10/11p ordinary

Purchase

1,184

2.5720 GBP

10 10/11p ordinary

Purchase

1,115

2.5750 GBP

10 10/11p ordinary

Purchase

721

2.5777 GBP

10 10/11p ordinary

Purchase

154

2.5741 GBP

10 10/11p ordinary

Sale

1,000,000

2.5672 GBP

10 10/11p ordinary

Sale

151,443

2.5723 GBP

10 10/11p ordinary

Sale

123,659

2.5737 GBP

10 10/11p ordinary

Sale

111,725

2.5599 GBP

10 10/11p ordinary

Sale

86,130

2.5700 GBP

10 10/11p ordinary

Sale

84,290

2.5636 GBP

10 10/11p ordinary

Sale

65,231

2.5600 GBP

10 10/11p ordinary

Sale

56,422

2.5702 GBP

10 10/11p ordinary

Sale

46,848

2.5701 GBP

10 10/11p ordinary

Sale

41,043

2.5708 GBP

10 10/11p ordinary

Sale

36,757

2.5721 GBP

10 10/11p ordinary

Sale

25,506

2.5687 GBP

10 10/11p ordinary

Sale

17,915

2.5711 GBP

10 10/11p ordinary

Sale

14,776

2.5746 GBP

10 10/11p ordinary

Sale

7,418

2.5719 GBP

10 10/11p ordinary

Sale

6,365

2.5726 GBP

10 10/11p ordinary

Sale

6,272

2.5712 GBP

10 10/11p ordinary

Sale

5,742

2.5766 GBP

10 10/11p ordinary

Sale

5,655

2.5698 GBP

10 10/11p ordinary

Sale

5,490

2.5740 GBP

10 10/11p ordinary

Sale

3,098

2.5780 GBP

10 10/11p ordinary

Sale

2,448

2.5667 GBP

10 10/11p ordinary

Sale

1,821

2.5697 GBP

10 10/11p ordinary

Sale

1,817

2.5725 GBP

10 10/11p ordinary

Sale

1,714

2.5800 GBP

10 10/11p ordinary

Sale

1,610

2.5729 GBP

10 10/11p ordinary

Sale

1,579

2.5760 GBP

10 10/11p ordinary

Sale

1,381

2.5676 GBP

10 10/11p ordinary

Sale

1,184

2.5720 GBP

10 10/11p ordinary

Sale

617

2.5710 GBP

10 10/11p ordinary

Sale

490

2.5699 GBP

10 10/11p ordinary

Sale

231

2.5660 GBP

10 10/11p ordinary

Sale

224

2.5658 GBP

10 10/11p ordinary

Sale

180

2.5656 GBP

10 10/11p ordinary

Sale

111

2.5663 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

111,725

2.5599 GBP

10 10/11p ordinary

SWAP

Increasing Long

1,134

2.5600 GBP

10 10/11p ordinary

SWAP

Increasing Long

6,373

2.5647 GBP

10 10/11p ordinary

SWAP

Increasing Long

180

2.5656 GBP

10 10/11p ordinary

SWAP

Increasing Long

224

2.5658 GBP

10 10/11p ordinary

SWAP

Increasing Long

111

2.5663 GBP

10 10/11p ordinary

SWAP

Increasing Long

2,448

2.5667 GBP

10 10/11p ordinary

SWAP

Increasing Long

1,000,000

2.5672 GBP

10 10/11p ordinary

SWAP

Increasing Long

18,200

2.5693 GBP

10 10/11p ordinary

SWAP

Increasing Long

490

2.5699 GBP

10 10/11p ordinary

SWAP

Increasing Long

2,347

2.5720 GBP

10 10/11p ordinary

SWAP

Increasing Long

36,757

2.5721 GBP

10 10/11p ordinary

SWAP

Increasing Long

36,286

2.5726 GBP

10 10/11p ordinary

SWAP

Increasing Long

6,920

2.5733 GBP

10 10/11p ordinary

SWAP

Increasing Long

116,739

2.5737 GBP

10 10/11p ordinary

SWAP

Decreasing Long

90,903

2.5599 GBP

10 10/11p ordinary

SWAP

Decreasing Long

100,329

2.5600 GBP

10 10/11p ordinary

SWAP

Decreasing Long

42,473

2.5659 GBP

10 10/11p ordinary

SWAP

Decreasing Long

53,893

2.5677 GBP

10 10/11p ordinary

SWAP

Decreasing Long

163,494

2.5679 GBP

10 10/11p ordinary

SWAP

Decreasing Long

89,355

2.5699 GBP

10 10/11p ordinary

SWAP

Decreasing Long

249,713

2.5705 GBP

10 10/11p ordinary

SWAP

Decreasing Long

15,004

2.5706 GBP

10 10/11p ordinary

SWAP

Decreasing Long

53,363

2.5707 GBP

10 10/11p ordinary

SWAP

Decreasing Long

31,809

2.5713 GBP

10 10/11p ordinary

SWAP

Decreasing Long

16,798

2.5715 GBP

10 10/11p ordinary

SWAP

Decreasing Long

41,473

2.5717 GBP

10 10/11p ordinary

SWAP

Decreasing Long

130,330

2.5721 GBP

10 10/11p ordinary

SWAP

Decreasing Long

7,244

2.5731 GBP

10 10/11p ordinary

SWAP

Decreasing Long

10,572

2.5735 GBP

10 10/11p ordinary

SWAP

Decreasing Long

28,012

2.5740 GBP

10 10/11p ordinary

SWAP

Decreasing Long

154

2.5741 GBP

10 10/11p ordinary

SWAP

Decreasing Long

1,103

2.5750 GBP

10 10/11p ordinary

SWAP

Decreasing Long

3,417

2.5751 GBP

10 10/11p ordinary

SWAP

Decreasing Long

2,943

2.5760 GBP

10 10/11p ordinary

CFD

Decreasing Short

8,448

2.5675 GBP

10 10/11p ordinary

CFD

Increasing Short

31,908

2.5690 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:

06 Jan 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213