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:

31 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:

7,533,456

0.57%

13,324,966

1.02%

(2) Cash-settled derivatives:

14,070,142

1.07%

7,211,228

0.55%

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

0

0.00%

0

0.00%

TOTAL: 

21,603,598

1.65%

20,536,194

1.57%

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

306,968

2.5481 GBP

10 10/11p ordinary

Purchase

166,554

2.5520 GBP

10 10/11p ordinary

Purchase

71,578

2.5432 GBP

10 10/11p ordinary

Purchase

42,159

2.5402 GBP

10 10/11p ordinary

Purchase

35,766

2.5497 GBP

10 10/11p ordinary

Purchase

33,869

2.5474 GBP

10 10/11p ordinary

Purchase

33,042

2.5440 GBP

10 10/11p ordinary

Purchase

31,591

2.5414 GBP

10 10/11p ordinary

Purchase

28,379

2.5454 GBP

10 10/11p ordinary

Purchase

26,990

2.5404 GBP

10 10/11p ordinary

Purchase

20,733

2.5439 GBP

10 10/11p ordinary

Purchase

19,602

2.5435 GBP

10 10/11p ordinary

Purchase

18,875

2.5476 GBP

10 10/11p ordinary

Purchase

16,501

2.5480 GBP

10 10/11p ordinary

Purchase

13,284

2.5418 GBP

10 10/11p ordinary

Purchase

12,886

2.5444 GBP

10 10/11p ordinary

Purchase

10,920

2.5399 GBP

10 10/11p ordinary

Purchase

9,455

2.5390 GBP

10 10/11p ordinary

Purchase

7,957

2.5428 GBP

10 10/11p ordinary

Purchase

7,902

2.5500 GBP

10 10/11p ordinary

Purchase

7,735

2.5395 GBP

10 10/11p ordinary

Purchase

7,382

2.5411 GBP

10 10/11p ordinary

Purchase

5,514

2.5488 GBP

10 10/11p ordinary

Purchase

3,814

2.5400 GBP

10 10/11p ordinary

Purchase

3,420

2.5472 GBP

10 10/11p ordinary

Purchase

3,378

2.5442 GBP

10 10/11p ordinary

Purchase

1,104

2.5360 GBP

10 10/11p ordinary

Sale

228,977

2.5497 GBP

10 10/11p ordinary

Sale

64,944

2.5520 GBP

10 10/11p ordinary

Sale

64,692

2.5462 GBP

10 10/11p ordinary

Sale

53,298

2.5444 GBP

10 10/11p ordinary

Sale

41,196

2.5448 GBP

10 10/11p ordinary

Sale

36,350

2.5460 GBP

10 10/11p ordinary

Sale

28,540

2.5443 GBP

10 10/11p ordinary

Sale

24,399

2.5490 GBP

10 10/11p ordinary

Sale

20,706

2.5457 GBP

10 10/11p ordinary

Sale

18,098

2.5519 GBP

10 10/11p ordinary

Sale

17,301

2.5438 GBP

10 10/11p ordinary

Sale

16,315

2.5425 GBP

10 10/11p ordinary

Sale

12,600

2.5387 GBP

10 10/11p ordinary

Sale

9,885

2.5479 GBP

10 10/11p ordinary

Sale

8,646

2.5436 GBP

10 10/11p ordinary

Sale

7,902

2.5500 GBP

10 10/11p ordinary

Sale

6,237

2.5405 GBP

10 10/11p ordinary

Sale

5,204

2.5464 GBP

10 10/11p ordinary

Sale

5,002

2.5467 GBP

10 10/11p ordinary

Sale

4,606

2.5480 GBP

10 10/11p ordinary

Sale

4,487

2.5458 GBP

10 10/11p ordinary

Sale

3,890

2.5400 GBP

10 10/11p ordinary

Sale

3,523

2.5461 GBP

10 10/11p ordinary

Sale

3,031

2.5486 GBP

10 10/11p ordinary

Sale

2,223

2.5431 GBP

10 10/11p ordinary

Sale

1,104

2.5360 GBP

10 10/11p ordinary

Sale

408

2.5445 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

15,624

2.5352 GBP

10 10/11p ordinary

SWAP

Increasing Long

12,600

2.5387 GBP

10 10/11p ordinary

SWAP

Increasing Long

24,165

2.5404 GBP

10 10/11p ordinary

SWAP

Increasing Long

22,367

2.5443 GBP

10 10/11p ordinary

SWAP

Increasing Long

408

2.5445 GBP

10 10/11p ordinary

SWAP

Increasing Long

9,342

2.5455 GBP

10 10/11p ordinary

SWAP

Increasing Long

39,349

2.5468 GBP

10 10/11p ordinary

SWAP

Increasing Long

156,501

2.5473 GBP

10 10/11p ordinary

SWAP

Increasing Long

28,631

2.5474 GBP

10 10/11p ordinary

SWAP

Increasing Long

9,885

2.5479 GBP

10 10/11p ordinary

SWAP

Increasing Long

3,031

2.5486 GBP

10 10/11p ordinary

SWAP

Increasing Long

47,871

2.5497 GBP

10 10/11p ordinary

SWAP

Increasing Long

18,098

2.5519 GBP

10 10/11p ordinary

SWAP

Decreasing Long

44,466

2.5371 GBP

10 10/11p ordinary

SWAP

Decreasing Long

1,748

2.5404 GBP

10 10/11p ordinary

SWAP

Decreasing Long

19,292

2.5408 GBP

10 10/11p ordinary

SWAP

Decreasing Long

7,382

2.5411 GBP

10 10/11p ordinary

SWAP

Decreasing Long

1,633

2.5420 GBP

10 10/11p ordinary

SWAP

Decreasing Long

7,957

2.5428 GBP

10 10/11p ordinary

SWAP

Decreasing Long

33,042

2.5440 GBP

10 10/11p ordinary

SWAP

Decreasing Long

3,378

2.5442 GBP

10 10/11p ordinary

SWAP

Decreasing Long

12,886

2.5444 GBP

10 10/11p ordinary

SWAP

Decreasing Long

14,709

2.5453 GBP

10 10/11p ordinary

SWAP

Decreasing Long

28,379

2.5454 GBP

10 10/11p ordinary

SWAP

Decreasing Long

91,087

2.5459 GBP

10 10/11p ordinary

SWAP

Decreasing Long

257,882

2.5464 GBP

10 10/11p ordinary

SWAP

Decreasing Long

12,186

2.5468 GBP

10 10/11p ordinary

SWAP

Decreasing Long

7,007

2.5470 GBP

10 10/11p ordinary

SWAP

Decreasing Long

18,980

2.5480 GBP

10 10/11p ordinary

SWAP

Decreasing Long

92,859

2.5520 GBP

10 10/11p ordinary

CFD

Decreasing Short

253

2.5398 GBP

10 10/11p ordinary

CFD

Increasing Short

15,214

2.5452 GBP

10 10/11p ordinary

CFD

Increasing Short

2,456

2.5501 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:

02 Jan 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213