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:

23 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:

9,097,900

0.69%

13,983,046

1.07%

(2) Cash-settled derivatives:

14,734,334

1.12%

8,485,944

0.65%

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

0

0.00%

0

0.00%

TOTAL: 

23,832,234

1.82%

22,468,990

1.71%

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

312,360

2.5078 GBP

10 10/11p ordinary

Purchase

302,483

2.5240 GBP

10 10/11p ordinary

Purchase

229,889

2.5214 GBP

10 10/11p ordinary

Purchase

208,674

2.5124 GBP

10 10/11p ordinary

Purchase

190,048

2.5127 GBP

10 10/11p ordinary

Purchase

184,308

2.5180 GBP

10 10/11p ordinary

Purchase

175,351

2.5252 GBP

10 10/11p ordinary

Purchase

104,703

2.5029 GBP

10 10/11p ordinary

Purchase

93,420

2.5184 GBP

10 10/11p ordinary

Purchase

60,500

2.5213 GBP

10 10/11p ordinary

Purchase

48,737

2.5171 GBP

10 10/11p ordinary

Purchase

47,691

2.5205 GBP

10 10/11p ordinary

Purchase

46,053

2.5101 GBP

10 10/11p ordinary

Purchase

40,253

2.5181 GBP

10 10/11p ordinary

Purchase

31,491

2.5100 GBP

10 10/11p ordinary

Purchase

28,349

2.5179 GBP

10 10/11p ordinary

Purchase

24,206

2.5260 GBP

10 10/11p ordinary

Purchase

23,388

2.5220 GBP

10 10/11p ordinary

Purchase

21,182

2.5129 GBP

10 10/11p ordinary

Purchase

20,624

2.5232 GBP

10 10/11p ordinary

Purchase

18,153

2.5200 GBP

10 10/11p ordinary

Purchase

16,154

2.5060 GBP

10 10/11p ordinary

Purchase

15,800

2.5062 GBP

10 10/11p ordinary

Purchase

15,019

2.5020 GBP

10 10/11p ordinary

Purchase

15,012

2.5065 GBP

10 10/11p ordinary

Purchase

14,273

2.5098 GBP

10 10/11p ordinary

Purchase

12,156

2.5031 GBP

10 10/11p ordinary

Purchase

11,916

2.5202 GBP

10 10/11p ordinary

Purchase

10,546

2.5044 GBP

10 10/11p ordinary

Purchase

10,200

2.5109 GBP

10 10/11p ordinary

Purchase

9,236

2.5140 GBP

10 10/11p ordinary

Purchase

7,254

2.5297 GBP

10 10/11p ordinary

Purchase

7,182

2.5080 GBP

10 10/11p ordinary

Purchase

5,861

2.5219 GBP

10 10/11p ordinary

Purchase

4,033

2.5077 GBP

10 10/11p ordinary

Purchase

3,815

2.5120 GBP

10 10/11p ordinary

Purchase

3,658

2.5210 GBP

10 10/11p ordinary

Purchase

2,677

2.5320 GBP

10 10/11p ordinary

Purchase

1,943

2.4967 GBP

10 10/11p ordinary

Purchase

1,788

2.5119 GBP

10 10/11p ordinary

Purchase

1,639

2.5050 GBP

ADR

Purchase

1,600

12.5300 USD

10 10/11p ordinary

Purchase

1,105

2.5160 GBP

10 10/11p ordinary

Purchase

495

2.4980 GBP

10 10/11p ordinary

Sale

294,885

2.5143 GBP

10 10/11p ordinary

Sale

288,677

2.5171 GBP

10 10/11p ordinary

Sale

167,058

2.5193 GBP

10 10/11p ordinary

Sale

152,059

2.5169 GBP

10 10/11p ordinary

Sale

80,762

2.5158 GBP

10 10/11p ordinary

Sale

71,918

2.5195 GBP

10 10/11p ordinary

Sale

48,265

2.5179 GBP

10 10/11p ordinary

Sale

45,907

2.5240 GBP

10 10/11p ordinary

Sale

40,489

2.5148 GBP

10 10/11p ordinary

Sale

28,791

2.5100 GBP

10 10/11p ordinary

Sale

23,119

2.5156 GBP

10 10/11p ordinary

Sale

22,669

2.5220 GBP

10 10/11p ordinary

Sale

16,944

2.5200 GBP

10 10/11p ordinary

Sale

15,719

2.5060 GBP

10 10/11p ordinary

Sale

15,478

2.5206 GBP

10 10/11p ordinary

Sale

13,945

2.5020 GBP

10 10/11p ordinary

Sale

12,224

2.5126 GBP

10 10/11p ordinary

Sale

11,769

2.5123 GBP

10 10/11p ordinary

Sale

9,000

2.5062 GBP

10 10/11p ordinary

Sale

8,154

2.5256 GBP

10 10/11p ordinary

Sale

8,073

2.5166 GBP

10 10/11p ordinary

Sale

7,576

2.5180 GBP

10 10/11p ordinary

Sale

7,182

2.5080 GBP

10 10/11p ordinary

Sale

5,790

2.5194 GBP

10 10/11p ordinary

Sale

5,617

2.5066 GBP

10 10/11p ordinary

Sale

5,000

2.4789 GBP

10 10/11p ordinary

Sale

4,312

2.5028 GBP

10 10/11p ordinary

Sale

3,815

2.5120 GBP

10 10/11p ordinary

Sale

3,658

2.5210 GBP

10 10/11p ordinary

Sale

2,677

2.5320 GBP

10 10/11p ordinary

Sale

2,401

2.5164 GBP

10 10/11p ordinary

Sale

2,030

2.4981 GBP

ADR

Sale

1,600

12.5300 USD

10 10/11p ordinary

Sale

1,477

2.5260 GBP

10 10/11p ordinary

Sale

1,175

2.5160 GBP

10 10/11p ordinary

Sale

692

2.5239 GBP

10 10/11p ordinary

Sale

495

2.4980 GBP

10 10/11p ordinary

Sale

241

2.5119 GBP

10 10/11p ordinary

Sale

56

2.5300 GBP

10 10/11p ordinary

Sale

43

2.5234 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

18,532

2.4070 GBP

10 10/11p ordinary

SWAP

Increasing Long

2,030

2.4981 GBP

10 10/11p ordinary

SWAP

Increasing Long

4,312

2.5028 GBP

10 10/11p ordinary

SWAP

Increasing Long

15,568

2.5031 GBP

10 10/11p ordinary

SWAP

Increasing Long

241

2.5119 GBP

10 10/11p ordinary

SWAP

Increasing Long

152,059

2.5169 GBP

10 10/11p ordinary

SWAP

Increasing Long

17,200

2.5170 GBP

10 10/11p ordinary

SWAP

Increasing Long

288,677

2.5171 GBP

10 10/11p ordinary

SWAP

Increasing Long

93,588

2.5191 GBP

10 10/11p ordinary

SWAP

Increasing Long

137,476

2.5194 GBP

10 10/11p ordinary

SWAP

Increasing Long

43

2.5234 GBP

10 10/11p ordinary

SWAP

Increasing Long

131,900

2.5237 GBP

10 10/11p ordinary

SWAP

Increasing Long

34,052

2.5238 GBP

10 10/11p ordinary

SWAP

Increasing Long

674

2.5239 GBP

10 10/11p ordinary

SWAP

Increasing Long

10,123

2.5240 GBP

10 10/11p ordinary

SWAP

Increasing Long

5,899

2.5297 GBP

10 10/11p ordinary

SWAP

Decreasing Long

1,943

2.4967 GBP

10 10/11p ordinary

SWAP

Decreasing Long

108

2.4981 GBP

10 10/11p ordinary

SWAP

Decreasing Long

3

2.4982 GBP

10 10/11p ordinary

SWAP

Decreasing Long

40

2.5001 GBP

10 10/11p ordinary

SWAP

Decreasing Long

26

2.5015 GBP

10 10/11p ordinary

SWAP

Decreasing Long

515

2.5018 GBP

10 10/11p ordinary

SWAP

Decreasing Long

12

2.5022 GBP

10 10/11p ordinary

SWAP

Decreasing Long

172

2.5027 GBP

10 10/11p ordinary

SWAP

Decreasing Long

292

2.5032 GBP

10 10/11p ordinary

SWAP

Decreasing Long

145

2.5036 GBP

10 10/11p ordinary

SWAP

Decreasing Long

210

2.5037 GBP

10 10/11p ordinary

SWAP

Decreasing Long

1,895

2.5041 GBP

10 10/11p ordinary

SWAP

Decreasing Long

1,639

2.5050 GBP

10 10/11p ordinary

SWAP

Decreasing Long

39

2.5056 GBP

10 10/11p ordinary

SWAP

Decreasing Long

435

2.5060 GBP

10 10/11p ordinary

SWAP

Decreasing Long

473

2.5062 GBP

10 10/11p ordinary

SWAP

Decreasing Long

637

2.5067 GBP

10 10/11p ordinary

SWAP

Decreasing Long

276

2.5075 GBP

10 10/11p ordinary

SWAP

Decreasing Long

3,497

2.5079 GBP

10 10/11p ordinary

SWAP

Decreasing Long

1,648

2.5085 GBP

10 10/11p ordinary

SWAP

Decreasing Long

152

2.5086 GBP

10 10/11p ordinary

SWAP

Decreasing Long

12,132

2.5089 GBP

10 10/11p ordinary

SWAP

Decreasing Long

531

2.5095 GBP

10 10/11p ordinary

SWAP

Decreasing Long

999

2.5096 GBP

10 10/11p ordinary

SWAP

Decreasing Long

12,559

2.5099 GBP

10 10/11p ordinary

SWAP

Decreasing Long

3,206

2.5101 GBP

10 10/11p ordinary

SWAP

Decreasing Long

40,644

2.5102 GBP

10 10/11p ordinary

SWAP

Decreasing Long

208,674

2.5124 GBP

10 10/11p ordinary

SWAP

Decreasing Long

3,283

2.5154 GBP

10 10/11p ordinary

SWAP

Decreasing Long

5,486

2.5155 GBP

10 10/11p ordinary

SWAP

Decreasing Long

72,044

2.5156 GBP

10 10/11p ordinary

SWAP

Decreasing Long

5,443

2.5159 GBP

10 10/11p ordinary

SWAP

Decreasing Long

1,840

2.5160 GBP

10 10/11p ordinary

SWAP

Decreasing Long

1,310

2.5164 GBP

10 10/11p ordinary

SWAP

Decreasing Long

46,846

2.5171 GBP

10 10/11p ordinary

SWAP

Decreasing Long

3,490

2.5176 GBP

10 10/11p ordinary

SWAP

Decreasing Long

28,349

2.5179 GBP

10 10/11p ordinary

SWAP

Decreasing Long

12,298

2.5180 GBP

10 10/11p ordinary

SWAP

Decreasing Long

156,886

2.5182 GBP

10 10/11p ordinary

SWAP

Decreasing Long

6,385

2.5184 GBP

10 10/11p ordinary

SWAP

Decreasing Long

83,084

2.5185 GBP

10 10/11p ordinary

SWAP

Decreasing Long

3,342

2.5206 GBP

10 10/11p ordinary

SWAP

Decreasing Long

42,721

2.5207 GBP

10 10/11p ordinary

SWAP

Decreasing Long

95,208

2.5209 GBP

10 10/11p ordinary

SWAP

Decreasing Long

222,183

2.5215 GBP

10 10/11p ordinary

SWAP

Decreasing Long

20,624

2.5232 GBP

10 10/11p ordinary

SWAP

Decreasing Long

121,081

2.5240 GBP

10 10/11p ordinary

SWAP

Decreasing Long

140,827

2.5250 GBP

10 10/11p ordinary

SWAP

Decreasing Long

34,841

2.5261 GBP

10 10/11p ordinary

SWAP

Decreasing Long

44

2.5297 GBP

10 10/11p ordinary

SWAP

Decreasing Long

158

2.5302 GBP

10 10/11p ordinary

CFD

Decreasing Short

191,682

2.5020 GBP

10 10/11p ordinary

CFD

Decreasing Short

1,431

2.5238 GBP

10 10/11p ordinary

CFD

Increasing Short

191,682

2.5020 GBP

10 10/11p ordinary

CFD

Increasing Short

312,797

2.5021 GBP

10 10/11p ordinary

CFD

Increasing Short

26,494

2.5051 GBP

10 10/11p ordinary

CFD

Increasing Short

107,136

2.5240 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:

24 Dec 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213