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:

12 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:

9,988,630

0.76%

14,257,339

1.09%

(2) Cash-settled derivatives:

15,023,665

1.15%

7,624,310

0.58%

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

0

0.00%

0

0.00%

TOTAL: 

25,012,295

1.91%

21,881,649

1.67%

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

168,733

2.4613 GBP

10 10/11p ordinary

Purchase

91,250

2.4627 GBP

10 10/11p ordinary

Purchase

89,363

2.4605 GBP

10 10/11p ordinary

Purchase

72,481

2.4678 GBP

10 10/11p ordinary

Purchase

63,087

2.4688 GBP

10 10/11p ordinary

Purchase

58,103

2.4600 GBP

10 10/11p ordinary

Purchase

35,286

2.4658 GBP

10 10/11p ordinary

Purchase

25,898

2.4711 GBP

10 10/11p ordinary

Purchase

23,721

2.4675 GBP

10 10/11p ordinary

Purchase

22,713

2.4689 GBP

10 10/11p ordinary

Purchase

19,881

2.4695 GBP

10 10/11p ordinary

Purchase

11,103

2.4700 GBP

10 10/11p ordinary

Purchase

7,215

2.4704 GBP

10 10/11p ordinary

Purchase

7,160

2.4648 GBP

10 10/11p ordinary

Purchase

4,181

2.4714 GBP

10 10/11p ordinary

Purchase

3,096

2.4717 GBP

10 10/11p ordinary

Purchase

2,823

2.4702 GBP

10 10/11p ordinary

Purchase

921

2.4723 GBP

10 10/11p ordinary

Purchase

893

2.4715 GBP

10 10/11p ordinary

Purchase

659

2.4720 GBP

10 10/11p ordinary

Purchase

537

2.4679 GBP

10 10/11p ordinary

Purchase

536

2.4740 GBP

10 10/11p ordinary

Purchase

213

2.4734 GBP

10 10/11p ordinary

Sale

251,381

2.4619 GBP

10 10/11p ordinary

Sale

198,863

2.4723 GBP

10 10/11p ordinary

Sale

108,258

2.4662 GBP

10 10/11p ordinary

Sale

106,408

2.4710 GBP

10 10/11p ordinary

Sale

73,768

2.4652 GBP

10 10/11p ordinary

Sale

72,565

2.4599 GBP

10 10/11p ordinary

Sale

48,124

2.4685 GBP

10 10/11p ordinary

Sale

47,600

2.4800 GBP

10 10/11p ordinary

Sale

44,488

2.4614 GBP

10 10/11p ordinary

Sale

39,148

2.4600 GBP

10 10/11p ordinary

Sale

33,870

2.4703 GBP

10 10/11p ordinary

Sale

31,861

2.4725 GBP

10 10/11p ordinary

Sale

28,442

2.4686 GBP

10 10/11p ordinary

Sale

24,439

2.4691 GBP

10 10/11p ordinary

Sale

21,230

2.4661 GBP

10 10/11p ordinary

Sale

19,875

2.4720 GBP

10 10/11p ordinary

Sale

15,591

2.4647 GBP

10 10/11p ordinary

Sale

15,001

2.4683 GBP

10 10/11p ordinary

Sale

10,773

2.4646 GBP

10 10/11p ordinary

Sale

10,598

2.4714 GBP

10 10/11p ordinary

Sale

6,584

2.4680 GBP

10 10/11p ordinary

Sale

6,243

2.4698 GBP

10 10/11p ordinary

Sale

5,980

2.4630 GBP

10 10/11p ordinary

Sale

4,735

2.4700 GBP

10 10/11p ordinary

Sale

4,209

2.4715 GBP

10 10/11p ordinary

Sale

3,102

2.4695 GBP

10 10/11p ordinary

Sale

2,545

2.4716 GBP

10 10/11p ordinary

Sale

2,296

2.4679 GBP

10 10/11p ordinary

Sale

2,088

2.4660 GBP

10 10/11p ordinary

Sale

2,025

2.4740 GBP

10 10/11p ordinary

Sale

1,571

2.4631 GBP

10 10/11p ordinary

Sale

13

2.4727 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

72,565

2.4599 GBP

10 10/11p ordinary

SWAP

Increasing Long

44,462

2.4600 GBP

10 10/11p ordinary

SWAP

Increasing Long

44,488

2.4614 GBP

10 10/11p ordinary

SWAP

Increasing Long

1,571

2.4631 GBP

10 10/11p ordinary

SWAP

Increasing Long

3,442

2.4675 GBP

10 10/11p ordinary

SWAP

Increasing Long

6,048

2.4680 GBP

10 10/11p ordinary

SWAP

Increasing Long

1

2.4685 GBP

10 10/11p ordinary

SWAP

Increasing Long

21,384

2.4687 GBP

10 10/11p ordinary

SWAP

Increasing Long

2,059

2.4700 GBP

10 10/11p ordinary

SWAP

Increasing Long

5,182

2.4714 GBP

10 10/11p ordinary

SWAP

Increasing Long

13,800

2.4715 GBP

10 10/11p ordinary

SWAP

Increasing Long

3,055

2.4719 GBP

10 10/11p ordinary

SWAP

Increasing Long

19,872

2.4720 GBP

10 10/11p ordinary

SWAP

Increasing Long

657

2.4722 GBP

10 10/11p ordinary

SWAP

Increasing Long

42,500

2.4724 GBP

10 10/11p ordinary

SWAP

Increasing Long

2,230

2.4737 GBP

10 10/11p ordinary

SWAP

Increasing Long

526

2.4790 GBP

10 10/11p ordinary

SWAP

Increasing Long

47,600

2.4800 GBP

10 10/11p ordinary

SWAP

Decreasing Long

85,928

2.4606 GBP

10 10/11p ordinary

SWAP

Decreasing Long

89,183

2.4630 GBP

10 10/11p ordinary

SWAP

Decreasing Long

43,973

2.4631 GBP

10 10/11p ordinary

SWAP

Decreasing Long

31,457

2.4658 GBP

10 10/11p ordinary

SWAP

Decreasing Long

8,135

2.4684 GBP

10 10/11p ordinary

SWAP

Decreasing Long

63,087

2.4689 GBP

10 10/11p ordinary

SWAP

Decreasing Long

10,182

2.4697 GBP

10 10/11p ordinary

SWAP

Decreasing Long

11,103

2.4700 GBP

10 10/11p ordinary

SWAP

Decreasing Long

526

2.4709 GBP

10 10/11p ordinary

SWAP

Decreasing Long

21,273

2.4711 GBP

10 10/11p ordinary

SWAP

Decreasing Long

4,181

2.4714 GBP

10 10/11p ordinary

SWAP

Decreasing Long

7

2.4720 GBP

10 10/11p ordinary

SWAP

Decreasing Long

2,162

2.4725 GBP

10 10/11p ordinary

SWAP

Decreasing Long

729

2.4730 GBP

10 10/11p ordinary

SWAP

Decreasing Long

213

2.4734 GBP

10 10/11p ordinary

CFD

Decreasing Short

291,973

2.4643 GBP

10 10/11p ordinary

CFD

Decreasing Short

2,135

2.4717 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:

13 Dec 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213