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:

14 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:

9,964,861

0.76%

13,446,849

1.03%

(2) Cash-settled derivatives:

14,191,421

1.08%

9,847,279

0.75%

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

0

0.00%

0

0.00%

TOTAL: 

24,156,282

1.84%

23,294,128

1.78%

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

662,134

2.5518 GBP

10 10/11p ordinary

Purchase

257,654

2.5480 GBP

10 10/11p ordinary

Purchase

136,437

2.5500 GBP

10 10/11p ordinary

Purchase

79,447

2.5501 GBP

10 10/11p ordinary

Purchase

41,901

2.5490 GBP

10 10/11p ordinary

Purchase

29,605

2.5486 GBP

10 10/11p ordinary

Purchase

29,334

2.5472 GBP

ADR

Purchase

16,008

12.3303 USD

10 10/11p ordinary

Purchase

8,499

2.5465 GBP

10 10/11p ordinary

Purchase

6,718

2.5494 GBP

10 10/11p ordinary

Purchase

6,216

2.5505 GBP

10 10/11p ordinary

Purchase

4,738

2.5567 GBP

10 10/11p ordinary

Purchase

4,663

2.5464 GBP

10 10/11p ordinary

Purchase

4,622

2.5430 GBP

10 10/11p ordinary

Purchase

3,417

2.5543 GBP

10 10/11p ordinary

Purchase

3,412

2.5540 GBP

10 10/11p ordinary

Purchase

3,273

2.5537 GBP

10 10/11p ordinary

Purchase

3,210

2.5489 GBP

10 10/11p ordinary

Purchase

2,815

2.5513 GBP

10 10/11p ordinary

Purchase

2,263

2.5580 GBP

10 10/11p ordinary

Purchase

2,207

2.5548 GBP

10 10/11p ordinary

Purchase

1,851

2.5440 GBP

10 10/11p ordinary

Purchase

1,675

2.5520 GBP

10 10/11p ordinary

Purchase

1,410

2.5557 GBP

10 10/11p ordinary

Purchase

1,190

2.5460 GBP

10 10/11p ordinary

Purchase

1,115

2.5559 GBP

10 10/11p ordinary

Purchase

1,115

2.5560 GBP

10 10/11p ordinary

Purchase

1,050

2.5497 GBP

10 10/11p ordinary

Purchase

562

2.5498 GBP

10 10/11p ordinary

Sale

386,138

2.5491 GBP

10 10/11p ordinary

Sale

221,751

2.5512 GBP

10 10/11p ordinary

Sale

145,462

2.5494 GBP

10 10/11p ordinary

Sale

134,190

2.5468 GBP

10 10/11p ordinary

Sale

128,558

2.5480 GBP

10 10/11p ordinary

Sale

106,653

2.5502 GBP

10 10/11p ordinary

Sale

100,331

2.5518 GBP

10 10/11p ordinary

Sale

97,095

2.5479 GBP

10 10/11p ordinary

Sale

93,236

2.5517 GBP

10 10/11p ordinary

Sale

92,110

2.5473 GBP

10 10/11p ordinary

Sale

44,010

2.5504 GBP

10 10/11p ordinary

Sale

41,164

2.5536 GBP

10 10/11p ordinary

Sale

38,250

2.5519 GBP

10 10/11p ordinary

Sale

36,100

2.5523 GBP

10 10/11p ordinary

Sale

35,665

2.5528 GBP

10 10/11p ordinary

Sale

35,313

2.5481 GBP

10 10/11p ordinary

Sale

23,308

2.5520 GBP

ADR

Sale

16,008

12.3303 USD

10 10/11p ordinary

Sale

15,682

2.5525 GBP

10 10/11p ordinary

Sale

14,720

2.5492 GBP

10 10/11p ordinary

Sale

7,925

2.5446 GBP

10 10/11p ordinary

Sale

7,126

2.5493 GBP

10 10/11p ordinary

Sale

6,305

2.5556 GBP

10 10/11p ordinary

Sale

5,696

2.5509 GBP

10 10/11p ordinary

Sale

5,294

2.5541 GBP

10 10/11p ordinary

Sale

3,743

2.5469 GBP

10 10/11p ordinary

Sale

3,307

2.5540 GBP

10 10/11p ordinary

Sale

3,212

2.5551 GBP

10 10/11p ordinary

Sale

2,525

2.5560 GBP

10 10/11p ordinary

Sale

2,263

2.5580 GBP

10 10/11p ordinary

Sale

215

2.5500 GBP

10 10/11p ordinary

Sale

5

2.5472 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

2,211

2.5440 GBP

10 10/11p ordinary

SWAP

Increasing Long

7,925

2.5446 GBP

10 10/11p ordinary

SWAP

Increasing Long

115,350

2.5467 GBP

10 10/11p ordinary

SWAP

Increasing Long

92,110

2.5473 GBP

10 10/11p ordinary

SWAP

Increasing Long

18,840

2.5474 GBP

10 10/11p ordinary

SWAP

Increasing Long

3,108

2.5478 GBP

10 10/11p ordinary

SWAP

Increasing Long

97,095

2.5479 GBP

10 10/11p ordinary

SWAP

Increasing Long

172,324

2.5480 GBP

10 10/11p ordinary

SWAP

Increasing Long

14,740

2.5484 GBP

10 10/11p ordinary

SWAP

Increasing Long

14,720

2.5492 GBP

10 10/11p ordinary

SWAP

Increasing Long

7,126

2.5493 GBP

10 10/11p ordinary

SWAP

Increasing Long

49,563

2.5495 GBP

10 10/11p ordinary

SWAP

Increasing Long

40,502

2.5496 GBP

10 10/11p ordinary

SWAP

Increasing Long

16,659

2.5499 GBP

10 10/11p ordinary

SWAP

Increasing Long

105,663

2.5502 GBP

10 10/11p ordinary

SWAP

Increasing Long

5,696

2.5509 GBP

10 10/11p ordinary

SWAP

Increasing Long

36,100

2.5523 GBP

10 10/11p ordinary

SWAP

Increasing Long

1,175

2.5540 GBP

10 10/11p ordinary

SWAP

Decreasing Long

8,644

2.5441 GBP

10 10/11p ordinary

SWAP

Decreasing Long

15,091

2.5460 GBP

10 10/11p ordinary

SWAP

Decreasing Long

8,499

2.5465 GBP

10 10/11p ordinary

SWAP

Decreasing Long

15,161

2.5471 GBP

10 10/11p ordinary

SWAP

Decreasing Long

14,173

2.5472 GBP

10 10/11p ordinary

SWAP

Decreasing Long

16,912

2.5480 GBP

10 10/11p ordinary

SWAP

Decreasing Long

111,298

2.5485 GBP

10 10/11p ordinary

SWAP

Decreasing Long

3,210

2.5489 GBP

10 10/11p ordinary

SWAP

Decreasing Long

1,050

2.5497 GBP

10 10/11p ordinary

SWAP

Decreasing Long

135,447

2.5500 GBP

10 10/11p ordinary

CFD

Decreasing Short

4,622

2.5451 GBP

10 10/11p ordinary

CFD

Decreasing Short

11,226

2.5457 GBP

10 10/11p ordinary

CFD

Decreasing Short

24,100

2.5475 GBP

10 10/11p ordinary

CFD

Decreasing Short

6,178

2.5480 GBP

10 10/11p ordinary

CFD

Decreasing Short

12,150

2.5519 GBP

10 10/11p ordinary

CFD

Increasing Short

19,065

2.5574 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:

15 Jan 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213