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:

30 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:

14,158,803

1.08%

13,880,291

1.06%

(2) Cash-settled derivatives:

14,676,674

1.12%

14,165,114

1.08%

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

0

0.00%

0

0.00%

TOTAL: 

28,835,477

2.20%

28,045,405

2.14%

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

500,000

2.6742 GBP

10 10/11p ordinary

Purchase

75,020

2.6795 GBP

10 10/11p ordinary

Purchase

71,124

2.6838 GBP

10 10/11p ordinary

Purchase

52,948

2.6840 GBP

10 10/11p ordinary

Purchase

33,887

2.6813 GBP

10 10/11p ordinary

Purchase

12,208

2.6800 GBP

10 10/11p ordinary

Purchase

11,930

2.6781 GBP

10 10/11p ordinary

Purchase

10,568

2.6755 GBP

10 10/11p ordinary

Purchase

9,509

2.6814 GBP

10 10/11p ordinary

Purchase

6,731

2.6798 GBP

10 10/11p ordinary

Purchase

4,522

2.6760 GBP

10 10/11p ordinary

Purchase

2,933

2.6797 GBP

10 10/11p ordinary

Purchase

2,871

2.6799 GBP

10 10/11p ordinary

Purchase

2,756

2.6748 GBP

10 10/11p ordinary

Purchase

2,215

2.6757 GBP

10 10/11p ordinary

Purchase

2,088

2.6745 GBP

10 10/11p ordinary

Purchase

1,970

2.6740 GBP

10 10/11p ordinary

Purchase

1,423

2.6791 GBP

10 10/11p ordinary

Purchase

1,078

2.6780 GBP

ADR

Purchase

948

13.9700 USD

10 10/11p ordinary

Purchase

269

2.6733 GBP

10 10/11p ordinary

Purchase

84

2.6806 GBP

10 10/11p ordinary

Purchase

63

2.6820 GBP

10 10/11p ordinary

Sale

179,820

2.6821 GBP

10 10/11p ordinary

Sale

98,056

2.6818 GBP

10 10/11p ordinary

Sale

79,419

2.6840 GBP

10 10/11p ordinary

Sale

74,576

2.6767 GBP

10 10/11p ordinary

Sale

36,623

2.6779 GBP

10 10/11p ordinary

Sale

33,265

2.6800 GBP

10 10/11p ordinary

Sale

22,789

2.6775 GBP

10 10/11p ordinary

Sale

17,181

2.6786 GBP

10 10/11p ordinary

Sale

14,850

2.6784 GBP

10 10/11p ordinary

Sale

13,774

2.6814 GBP

10 10/11p ordinary

Sale

7,876

2.6766 GBP

10 10/11p ordinary

Sale

7,464

2.6839 GBP

10 10/11p ordinary

Sale

6,389

2.6791 GBP

10 10/11p ordinary

Sale

5,403

2.6789 GBP

10 10/11p ordinary

Sale

4,486

2.6813 GBP

10 10/11p ordinary

Sale

3,810

2.6810 GBP

10 10/11p ordinary

Sale

3,038

2.6806 GBP

10 10/11p ordinary

Sale

2,717

2.6819 GBP

10 10/11p ordinary

Sale

1,624

2.6809 GBP

10 10/11p ordinary

Sale

1,227

2.6815 GBP

10 10/11p ordinary

Sale

1,038

2.6860 GBP

10 10/11p ordinary

Sale

1,016

2.6725 GBP

10 10/11p ordinary

Sale

979

2.6817 GBP

ADR

Sale

948

13.9700 USD

10 10/11p ordinary

Sale

436

2.6807 GBP

10 10/11p ordinary

Sale

315

2.6799 GBP

10 10/11p ordinary

Sale

269

2.6736 GBP

10 10/11p ordinary

Sale

186

2.6760 GBP

10 10/11p ordinary

Sale

63

2.6822 GBP

10 10/11p ordinary

Sale

63

2.6820 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 Short

32,120

2.6806 GBP

10 10/11p ordinary

SWAP

Increasing Long

7,876

2.6766 GBP

10 10/11p ordinary

SWAP

Increasing Long

74,576

2.6767 GBP

10 10/11p ordinary

SWAP

Increasing Long

28,784

2.6773 GBP

10 10/11p ordinary

SWAP

Increasing Long

41,681

2.6775 GBP

10 10/11p ordinary

SWAP

Increasing Long

3,781

2.6779 GBP

10 10/11p ordinary

SWAP

Increasing Long

1,046

2.6783 GBP

10 10/11p ordinary

SWAP

Increasing Long

39,175

2.6786 GBP

10 10/11p ordinary

SWAP

Increasing Long

5,403

2.6789 GBP

10 10/11p ordinary

SWAP

Increasing Long

315

2.6799 GBP

10 10/11p ordinary

SWAP

Increasing Long

23,897

2.6800 GBP

10 10/11p ordinary

SWAP

Increasing Long

436

2.6807 GBP

10 10/11p ordinary

SWAP

Increasing Long

13,774

2.6814 GBP

10 10/11p ordinary

SWAP

Increasing Long

979

2.6817 GBP

10 10/11p ordinary

SWAP

Increasing Long

149,397

2.6819 GBP

10 10/11p ordinary

SWAP

Increasing Long

33,140

2.6830 GBP

10 10/11p ordinary

SWAP

Increasing Long

1,569

2.6838 GBP

10 10/11p ordinary

SWAP

Increasing Long

7,464

2.6839 GBP

10 10/11p ordinary

SWAP

Increasing Long

109,543

2.6840 GBP

10 10/11p ordinary

SWAP

Decreasing Long

98

2.6600 GBP

10 10/11p ordinary

SWAP

Decreasing Long

2,134

2.6661 GBP

10 10/11p ordinary

SWAP

Decreasing Long

1,665

2.6743 GBP

10 10/11p ordinary

SWAP

Decreasing Long

2,215

2.6757 GBP

10 10/11p ordinary

SWAP

Decreasing Long

3,456

2.6759 GBP

10 10/11p ordinary

SWAP

Decreasing Long

1,423

2.6791 GBP

10 10/11p ordinary

SWAP

Decreasing Long

50,732

2.6795 GBP

10 10/11p ordinary

SWAP

Decreasing Long

2,871

2.6799 GBP

10 10/11p ordinary

SWAP

Decreasing Long

352

2.6800 GBP

10 10/11p ordinary

SWAP

Decreasing Long

1,662

2.6806 GBP

10 10/11p ordinary

SWAP

Decreasing Long

15,191

2.6808 GBP

10 10/11p ordinary

SWAP

Decreasing Long

6,070

2.6810 GBP

10 10/11p ordinary

SWAP

Decreasing Long

18,696

2.6817 GBP

10 10/11p ordinary

SWAP

Decreasing Long

6,605

2.6837 GBP

10 10/11p ordinary

SWAP

Decreasing Long

10,803

2.6840 GBP

10 10/11p ordinary

SWAP

Decreasing Long

67,420

2.6841 GBP

10 10/11p ordinary

CFD

Decreasing Short

326

2.6840 GBP

10 10/11p ordinary

CFD

Increasing Short

500,000

2.6742 GBP

10 10/11p ordinary

CFD

Increasing Short

6,108

2.6791 GBP

10 10/11p ordinary

CFD

Increasing Short

606

2.6801 GBP

10 10/11p ordinary

CFD

Increasing Short

237

2.6802 GBP

10 10/11p ordinary

CFD

Increasing Short

6,673

2.6806 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:

31 Jan 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213