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 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:

13,403,155

1.02%

11,833,823

0.90%

(2) Cash-settled derivatives:

12,515,168

0.95%

13,275,358

1.01%

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

0

0.00%

0

0.00%

TOTAL: 

25,918,323

1.98%

25,109,181

1.91%

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

240,773

2.6696 GBP

10 10/11p ordinary

Purchase

210,584

2.6700 GBP

10 10/11p ordinary

Purchase

110,226

2.6755 GBP

10 10/11p ordinary

Purchase

48,125

2.6753 GBP

10 10/11p ordinary

Purchase

47,800

2.6782 GBP

10 10/11p ordinary

Purchase

20,433

2.6748 GBP

10 10/11p ordinary

Purchase

14,800

2.6737 GBP

10 10/11p ordinary

Purchase

12,583

2.6720 GBP

10 10/11p ordinary

Purchase

10,954

2.6712 GBP

10 10/11p ordinary

Purchase

10,096

2.6728 GBP

10 10/11p ordinary

Purchase

10,009

2.6739 GBP

10 10/11p ordinary

Purchase

8,553

2.6758 GBP

10 10/11p ordinary

Purchase

4,307

2.6735 GBP

10 10/11p ordinary

Purchase

2,690

2.6740 GBP

10 10/11p ordinary

Purchase

2,480

2.6747 GBP

10 10/11p ordinary

Purchase

1,725

2.6733 GBP

ADR

Purchase

400

13.1500 USD

10 10/11p ordinary

Purchase

7

2.6760 GBP

10 10/11p ordinary

Sale

343,199

2.6738 GBP

10 10/11p ordinary

Sale

182,622

2.6736 GBP

10 10/11p ordinary

Sale

146,079

2.6728 GBP

10 10/11p ordinary

Sale

134,266

2.6700 GBP

10 10/11p ordinary

Sale

68,363

2.6731 GBP

10 10/11p ordinary

Sale

64,424

2.6715 GBP

10 10/11p ordinary

Sale

11,578

2.6729 GBP

10 10/11p ordinary

Sale

11,512

2.6702 GBP

10 10/11p ordinary

Sale

8,447

2.6743 GBP

10 10/11p ordinary

Sale

8,323

2.6741 GBP

10 10/11p ordinary

Sale

6,974

2.6750 GBP

10 10/11p ordinary

Sale

6,472

2.6722 GBP

10 10/11p ordinary

Sale

6,326

2.6690 GBP

10 10/11p ordinary

Sale

5,857

2.6732 GBP

10 10/11p ordinary

Sale

2,789

2.6707 GBP

10 10/11p ordinary

Sale

2,448

2.6719 GBP

10 10/11p ordinary

Sale

900

2.6720 GBP

10 10/11p ordinary

Sale

546

2.6740 GBP

10 10/11p ordinary

Sale

435

2.6760 GBP

ADR

Sale

400

13.1500 USD

10 10/11p ordinary

Sale

329

2.6730 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

33,489

2.6726 GBP

10 10/11p ordinary

SWAP

Increasing Long

6,116

2.6580 GBP

10 10/11p ordinary

SWAP

Increasing Long

41,900

2.6705 GBP

10 10/11p ordinary

SWAP

Increasing Long

95,173

2.6724 GBP

10 10/11p ordinary

SWAP

Increasing Long

77,507

2.6725 GBP

10 10/11p ordinary

SWAP

Increasing Long

26,500

2.6729 GBP

10 10/11p ordinary

SWAP

Increasing Long

35,488

2.6734 GBP

10 10/11p ordinary

SWAP

Increasing Long

79,653

2.6736 GBP

10 10/11p ordinary

SWAP

Increasing Long

338,782

2.6738 GBP

10 10/11p ordinary

SWAP

Increasing Long

8,323

2.6741 GBP

10 10/11p ordinary

SWAP

Increasing Long

73,103

2.6743 GBP

10 10/11p ordinary

SWAP

Decreasing Long

227,976

2.6700 GBP

10 10/11p ordinary

SWAP

Decreasing Long

10,096

2.6728 GBP

10 10/11p ordinary

SWAP

Decreasing Long

1,725

2.6733 GBP

10 10/11p ordinary

SWAP

Decreasing Long

35,154

2.6747 GBP

10 10/11p ordinary

SWAP

Decreasing Long

16,437

2.6748 GBP

10 10/11p ordinary

SWAP

Decreasing Long

83,625

2.6758 GBP

10 10/11p ordinary

SWAP

Decreasing Long

95,925

2.6768 GBP

10 10/11p ordinary

SWAP

Decreasing Long

337

2.6780 GBP

10 10/11p ordinary

CFD

Increasing Short

400

2.6701 GBP

10 10/11p ordinary

CFD

Increasing Short

33,687

2.6738 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:

27 Jan 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213