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:

17 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:

9,533,270

0.73%

12,663,466

0.97%

(2) Cash-settled derivatives:

13,424,230

1.02%

7,427,326

0.57%

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

0

0.00%

0

0.00%

TOTAL: 

22,957,500

1.75%

20,090,792

1.53%

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

612,821

2.4293 GBP

10 10/11p ordinary

Purchase

263,312

2.4274 GBP

10 10/11p ordinary

Purchase

119,558

2.4264 GBP

10 10/11p ordinary

Purchase

111,717

2.4260 GBP

10 10/11p ordinary

Purchase

101,696

2.4287 GBP

10 10/11p ordinary

Purchase

56,768

2.4265 GBP

10 10/11p ordinary

Purchase

56,350

2.4270 GBP

10 10/11p ordinary

Purchase

47,754

2.4316 GBP

10 10/11p ordinary

Purchase

40,135

2.4268 GBP

10 10/11p ordinary

Purchase

37,843

2.4288 GBP

10 10/11p ordinary

Purchase

24,552

2.4267 GBP

10 10/11p ordinary

Purchase

15,296

2.4346 GBP

10 10/11p ordinary

Purchase

15,200

2.4418 GBP

10 10/11p ordinary

Purchase

9,137

2.4330 GBP

10 10/11p ordinary

Purchase

7,454

2.4249 GBP

10 10/11p ordinary

Purchase

6,659

2.4361 GBP

10 10/11p ordinary

Purchase

6,627

2.4362 GBP

10 10/11p ordinary

Purchase

5,855

2.4332 GBP

10 10/11p ordinary

Purchase

5,784

2.4166 GBP

10 10/11p ordinary

Purchase

4,356

2.4258 GBP

10 10/11p ordinary

Purchase

3,692

2.4480 GBP

10 10/11p ordinary

Purchase

2,604

2.4309 GBP

10 10/11p ordinary

Purchase

2,328

2.4404 GBP

10 10/11p ordinary

Purchase

2,024

2.4275 GBP

10 10/11p ordinary

Purchase

1,840

2.4385 GBP

10 10/11p ordinary

Purchase

1,585

2.4207 GBP

10 10/11p ordinary

Purchase

1,194

2.4380 GBP

10 10/11p ordinary

Purchase

872

2.4400 GBP

10 10/11p ordinary

Purchase

800

2.4167 GBP

10 10/11p ordinary

Purchase

629

2.4262 GBP

10 10/11p ordinary

Purchase

349

2.4386 GBP

10 10/11p ordinary

Purchase

87

2.4340 GBP

10 10/11p ordinary

Sale

337,777

2.4282 GBP

10 10/11p ordinary

Sale

242,935

2.4302 GBP

10 10/11p ordinary

Sale

122,233

2.4260 GBP

10 10/11p ordinary

Sale

109,228

2.4478 GBP

10 10/11p ordinary

Sale

48,908

2.4329 GBP

10 10/11p ordinary

Sale

35,595

2.4356 GBP

10 10/11p ordinary

Sale

31,515

2.4336 GBP

10 10/11p ordinary

Sale

17,549

2.4387 GBP

10 10/11p ordinary

Sale

14,163

2.4360 GBP

10 10/11p ordinary

Sale

12,027

2.4411 GBP

10 10/11p ordinary

Sale

10,758

2.4298 GBP

10 10/11p ordinary

Sale

10,481

2.4378 GBP

10 10/11p ordinary

Sale

6,800

2.4358 GBP

10 10/11p ordinary

Sale

6,364

2.4430 GBP

10 10/11p ordinary

Sale

6,338

2.4220 GBP

10 10/11p ordinary

Sale

2,837

2.4393 GBP

10 10/11p ordinary

Sale

2,528

2.4279 GBP

10 10/11p ordinary

Sale

2,027

2.4480 GBP

10 10/11p ordinary

Sale

1,853

2.4350 GBP

10 10/11p ordinary

Sale

1,194

2.4380 GBP

10 10/11p ordinary

Sale

1,105

2.4240 GBP

10 10/11p ordinary

Sale

1,079

2.4315 GBP

10 10/11p ordinary

Sale

390

2.4429 GBP

10 10/11p ordinary

Sale

213

2.4187 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

213

2.4187 GBP

10 10/11p ordinary

SWAP

Increasing Long

783

2.4258 GBP

10 10/11p ordinary

SWAP

Increasing Long

19,427

2.4260 GBP

10 10/11p ordinary

SWAP

Increasing Long

4,709

2.4269 GBP

10 10/11p ordinary

SWAP

Increasing Long

2,528

2.4279 GBP

10 10/11p ordinary

SWAP

Increasing Long

44,511

2.4284 GBP

10 10/11p ordinary

SWAP

Increasing Long

90,808

2.4285 GBP

10 10/11p ordinary

SWAP

Increasing Long

2,366

2.4298 GBP

10 10/11p ordinary

SWAP

Increasing Long

1,079

2.4315 GBP

10 10/11p ordinary

SWAP

Increasing Long

738

2.4319 GBP

10 10/11p ordinary

SWAP

Increasing Long

6,800

2.4358 GBP

10 10/11p ordinary

SWAP

Increasing Long

109,228

2.4478 GBP

10 10/11p ordinary

SWAP

Decreasing Long

5,784

2.4166 GBP

10 10/11p ordinary

SWAP

Decreasing Long

800

2.4167 GBP

10 10/11p ordinary

SWAP

Decreasing Long

1,585

2.4207 GBP

10 10/11p ordinary

SWAP

Decreasing Long

2,153

2.4220 GBP

10 10/11p ordinary

SWAP

Decreasing Long

734

2.4260 GBP

10 10/11p ordinary

SWAP

Decreasing Long

596

2.4262 GBP

10 10/11p ordinary

SWAP

Decreasing Long

33

2.4263 GBP

10 10/11p ordinary

SWAP

Decreasing Long

65,710

2.4264 GBP

10 10/11p ordinary

SWAP

Decreasing Long

73,014

2.4266 GBP

10 10/11p ordinary

SWAP

Decreasing Long

40,135

2.4268 GBP

10 10/11p ordinary

SWAP

Decreasing Long

263,312

2.4274 GBP

10 10/11p ordinary

SWAP

Decreasing Long

383

2.4280 GBP

10 10/11p ordinary

SWAP

Decreasing Long

151,827

2.4287 GBP

10 10/11p ordinary

SWAP

Decreasing Long

635

2.4292 GBP

10 10/11p ordinary

SWAP

Decreasing Long

43,795

2.4298 GBP

10 10/11p ordinary

SWAP

Decreasing Long

17,510

2.4301 GBP

10 10/11p ordinary

SWAP

Decreasing Long

36,419

2.4316 GBP

10 10/11p ordinary

SWAP

Decreasing Long

87

2.4340 GBP

10 10/11p ordinary

SWAP

Decreasing Long

6,627

2.4362 GBP

10 10/11p ordinary

SWAP

Decreasing Long

13,143

2.4366 GBP

10 10/11p ordinary

SWAP

Decreasing Long

2,328

2.4404 GBP

10 10/11p ordinary

SWAP

Decreasing Long

15,200

2.4418 GBP

10 10/11p ordinary

SWAP

Decreasing Long

304

2.4438 GBP

10 10/11p ordinary

CFD

Decreasing Short

3,239

2.4339 GBP

10 10/11p ordinary

CFD

Increasing Short

1,636

2.4310 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:

18 Dec 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213