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:

07 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:

7,469,921

0.57%

11,882,377

0.91%

(2) Cash-settled derivatives:

12,619,526

0.96%

7,309,837

0.56%

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

0

0.00%

0

0.00%

TOTAL: 

20,089,447

1.53%

19,192,214

1.46%

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

405,977

2.5899 GBP

10 10/11p ordinary

Purchase

238,227

2.5888 GBP

10 10/11p ordinary

Purchase

172,809

2.5936 GBP

10 10/11p ordinary

Purchase

76,805

2.5946 GBP

10 10/11p ordinary

Purchase

66,136

2.5915 GBP

10 10/11p ordinary

Purchase

63,245

2.5921 GBP

10 10/11p ordinary

Purchase

45,695

2.5958 GBP

10 10/11p ordinary

Purchase

41,404

2.5930 GBP

10 10/11p ordinary

Purchase

37,522

2.5944 GBP

10 10/11p ordinary

Purchase

34,344

2.5937 GBP

10 10/11p ordinary

Purchase

32,357

2.5939 GBP

10 10/11p ordinary

Purchase

22,567

2.5861 GBP

10 10/11p ordinary

Purchase

21,310

2.5952 GBP

10 10/11p ordinary

Purchase

18,771

2.5886 GBP

10 10/11p ordinary

Purchase

18,753

2.5927 GBP

10 10/11p ordinary

Purchase

15,853

2.5945 GBP

10 10/11p ordinary

Purchase

14,702

2.5928 GBP

10 10/11p ordinary

Purchase

10,161

2.5920 GBP

10 10/11p ordinary

Purchase

9,863

2.5918 GBP

10 10/11p ordinary

Purchase

8,756

2.5860 GBP

10 10/11p ordinary

Purchase

8,069

2.5943 GBP

10 10/11p ordinary

Purchase

7,453

2.5951 GBP

10 10/11p ordinary

Purchase

6,861

2.5900 GBP

10 10/11p ordinary

Purchase

6,443

2.5940 GBP

10 10/11p ordinary

Purchase

4,455

2.5935 GBP

10 10/11p ordinary

Purchase

3,619

2.5960 GBP

10 10/11p ordinary

Purchase

2,398

2.5929 GBP

10 10/11p ordinary

Purchase

2,198

2.5919 GBP

10 10/11p ordinary

Purchase

1,598

2.5925 GBP

10 10/11p ordinary

Purchase

1,312

2.5878 GBP

10 10/11p ordinary

Purchase

439

2.5912 GBP

10 10/11p ordinary

Sale

210,251

2.5927 GBP

10 10/11p ordinary

Sale

76,805

2.5950 GBP

10 10/11p ordinary

Sale

72,059

2.5933 GBP

10 10/11p ordinary

Sale

67,141

2.5860 GBP

10 10/11p ordinary

Sale

62,207

2.5917 GBP

10 10/11p ordinary

Sale

51,775

2.5930 GBP

10 10/11p ordinary

Sale

41,800

2.5902 GBP

10 10/11p ordinary

Sale

37,996

2.5926 GBP

10 10/11p ordinary

Sale

25,914

2.5934 GBP

10 10/11p ordinary

Sale

22,512

2.5940 GBP

10 10/11p ordinary

Sale

19,398

2.5928 GBP

10 10/11p ordinary

Sale

15,800

2.5901 GBP

10 10/11p ordinary

Sale

11,040

2.5919 GBP

10 10/11p ordinary

Sale

8,423

2.5859 GBP

10 10/11p ordinary

Sale

7,122

2.5920 GBP

10 10/11p ordinary

Sale

3,619

2.5960 GBP

10 10/11p ordinary

Sale

2,808

2.5970 GBP

10 10/11p ordinary

Sale

1,535

2.5909 GBP

10 10/11p ordinary

Sale

790

2.5900 GBP

10 10/11p ordinary

Sale

660

2.5937 GBP

10 10/11p ordinary

Sale

485

2.5980 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

33,013

2.5905 GBP

10 10/11p ordinary

SWAP

Increasing Long

8,423

2.5859 GBP

10 10/11p ordinary

SWAP

Increasing Long

26

2.5860 GBP

10 10/11p ordinary

SWAP

Increasing Long

4,337

2.5874 GBP

10 10/11p ordinary

SWAP

Increasing Long

12,913

2.5885 GBP

10 10/11p ordinary

SWAP

Increasing Long

14,800

2.5890 GBP

10 10/11p ordinary

SWAP

Increasing Long

790

2.5900 GBP

10 10/11p ordinary

SWAP

Increasing Long

27,000

2.5908 GBP

10 10/11p ordinary

SWAP

Increasing Long

1,535

2.5909 GBP

10 10/11p ordinary

SWAP

Increasing Long

62,207

2.5917 GBP

10 10/11p ordinary

SWAP

Increasing Long

14,808

2.5922 GBP

10 10/11p ordinary

SWAP

Increasing Long

60,220

2.5926 GBP

10 10/11p ordinary

SWAP

Increasing Long

160,000

2.5927 GBP

10 10/11p ordinary

SWAP

Increasing Long

51,775

2.5930 GBP

10 10/11p ordinary

SWAP

Increasing Long

35,924

2.5932 GBP

10 10/11p ordinary

SWAP

Increasing Long

25,914

2.5934 GBP

10 10/11p ordinary

SWAP

Increasing Long

2,887

2.5973 GBP

10 10/11p ordinary

SWAP

Decreasing Long

57,872

2.5860 GBP

10 10/11p ordinary

SWAP

Decreasing Long

22,567

2.5861 GBP

10 10/11p ordinary

SWAP

Decreasing Long

14,576

2.5900 GBP

10 10/11p ordinary

SWAP

Decreasing Long

28,891

2.5905 GBP

10 10/11p ordinary

SWAP

Decreasing Long

185,894

2.5908 GBP

10 10/11p ordinary

SWAP

Decreasing Long

439

2.5912 GBP

10 10/11p ordinary

SWAP

Decreasing Long

66,136

2.5915 GBP

10 10/11p ordinary

SWAP

Decreasing Long

381,006

2.5916 GBP

10 10/11p ordinary

SWAP

Decreasing Long

125,055

2.5920 GBP

10 10/11p ordinary

SWAP

Decreasing Long

4,455

2.5935 GBP

10 10/11p ordinary

SWAP

Decreasing Long

112,267

2.5936 GBP

10 10/11p ordinary

SWAP

Decreasing Long

4,000

2.5940 GBP

10 10/11p ordinary

SWAP

Decreasing Long

13,878

2.5944 GBP

10 10/11p ordinary

SWAP

Decreasing Long

11,148

2.5946 GBP

10 10/11p ordinary

SWAP

Decreasing Long

21,310

2.5952 GBP

10 10/11p ordinary

SWAP

Decreasing Long

60,236

2.5958 GBP

10 10/11p ordinary

CFD

Decreasing Short

9,677

2.5929 GBP

10 10/11p ordinary

CFD

Increasing Short

20,102

2.5909 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:

08 Jan 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213