Form 8.3 - Direct Line Insurance Group Replacement

FORM 8.3 - Amendment - this form replaces RNS number 1308Z published at 13:21 on 03/03/2025, changes made to section 2a and 3a

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:

28 Feb 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:

20,999,807

1.60%

10,242,847

0.78%

(2) Cash-settled derivatives:

10,035,146

0.77%

20,599,679

1.57%

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

0

0.00%

0

0.00%

TOTAL: 

31,034,953

2.37%

30,842,526

2.35%

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

788,127

2.7751 GBP

10 10/11p ordinary

Purchase

133,886

2.7776 GBP

10 10/11p ordinary

Purchase

119,287

2.7760 GBP

10 10/11p ordinary

Purchase

73,813

2.7661 GBP

10 10/11p ordinary

Purchase

64,974

2.7758 GBP

10 10/11p ordinary

Purchase

32,388

2.7761 GBP

10 10/11p ordinary

Purchase

9,642

2.7680 GBP

10 10/11p ordinary

Purchase

2,183

2.7684 GBP

10 10/11p ordinary

Purchase

1,821

2.7816 GBP

10 10/11p ordinary

Purchase

1,762

2.7600 GBP

10 10/11p ordinary

Purchase

1,707

2.7729 GBP

10 10/11p ordinary

Purchase

1,614

2.7624 GBP

10 10/11p ordinary

Purchase

1,488

2.7720 GBP

10 10/11p ordinary

Purchase

1,237

2.7800 GBP

10 10/11p ordinary

Purchase

1,011

2.7660 GBP

10 10/11p ordinary

Purchase

722

2.7620 GBP

10 10/11p ordinary

Purchase

676

2.7700 GBP

10 10/11p ordinary

Purchase

607

2.7690 GBP

10 10/11p ordinary

Purchase

46

2.7740 GBP

10 10/11p ordinary

Sale

618,377

2.7759 GBP

10 10/11p ordinary

Sale

305,417

2.7762 GBP

10 10/11p ordinary

Sale

193,108

2.7712 GBP

10 10/11p ordinary

Sale

148,026

2.7760 GBP

10 10/11p ordinary

Sale

120,741

2.7749 GBP

10 10/11p ordinary

Sale

115,661

2.7746 GBP

10 10/11p ordinary

Sale

78,400

2.7727 GBP

10 10/11p ordinary

Sale

44,860

2.7757 GBP

10 10/11p ordinary

Sale

32,504

2.7767 GBP

10 10/11p ordinary

Sale

23,950

2.7730 GBP

10 10/11p ordinary

Sale

9,194

2.7780 GBP

10 10/11p ordinary

Sale

6,900

2.7758 GBP

10 10/11p ordinary

Sale

5,796

2.7671 GBP

10 10/11p ordinary

Sale

5,765

2.7775 GBP

10 10/11p ordinary

Sale

5,682

2.7680 GBP

10 10/11p ordinary

Sale

5,017

2.7718 GBP

10 10/11p ordinary

Sale

4,981

2.7672 GBP

10 10/11p ordinary

Sale

4,928

2.7764 GBP

10 10/11p ordinary

Sale

3,999

2.7722 GBP

10 10/11p ordinary

Sale

3,272

2.7675 GBP

10 10/11p ordinary

Sale

2,611

2.7705 GBP

10 10/11p ordinary

Sale

1,488

2.7720 GBP

10 10/11p ordinary

Sale

1,397

2.7600 GBP

10 10/11p ordinary

Sale

1,131

2.7729 GBP

10 10/11p ordinary

Sale

1,070

2.7840 GBP

10 10/11p ordinary

Sale

921

2.7770 GBP

10 10/11p ordinary

Sale

722

2.7620 GBP

10 10/11p ordinary

Sale

676

2.7700 GBP

10 10/11p ordinary

Sale

556

2.7790 GBP

10 10/11p ordinary

Sale

208

2.7732 GBP

10 10/11p ordinary

Sale

178

2.7699 GBP

10 10/11p ordinary

Sale

46

2.7740 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

Decreasing Short

2

2.7560 GBP

10 10/11p ordinary

SWAP

Decreasing Short

62,413

2.7652 GBP

10 10/11p ordinary

SWAP

Decreasing Short

52,700

2.7691 GBP

10 10/11p ordinary

SWAP

Decreasing Short

178

2.7699 GBP

10 10/11p ordinary

SWAP

Decreasing Short

3,999

2.7722 GBP

10 10/11p ordinary

SWAP

Decreasing Short

106,724

2.7728 GBP

10 10/11p ordinary

SWAP

Decreasing Short

208

2.7732 GBP

10 10/11p ordinary

SWAP

Decreasing Short

11,397

2.7738 GBP

10 10/11p ordinary

SWAP

Decreasing Short

120,741

2.7749 GBP

10 10/11p ordinary

SWAP

Decreasing Short

56,167

2.7750 GBP

10 10/11p ordinary

SWAP

Decreasing Short

57,921

2.7753 GBP

10 10/11p ordinary

SWAP

Decreasing Short

47,473

2.7756 GBP

10 10/11p ordinary

SWAP

Decreasing Short

6,900

2.7758 GBP

10 10/11p ordinary

SWAP

Decreasing Short

1,008

2.7760 GBP

10 10/11p ordinary

SWAP

Decreasing Short

297,245

2.7762 GBP

10 10/11p ordinary

SWAP

Decreasing Short

4,928

2.7764 GBP

10 10/11p ordinary

SWAP

Decreasing Short

32,504

2.7767 GBP

10 10/11p ordinary

SWAP

Decreasing Short

25,700

2.7799 GBP

10 10/11p ordinary

SWAP

Increasing Short

182

2.7595 GBP

10 10/11p ordinary

SWAP

Increasing Short

365

2.7600 GBP

10 10/11p ordinary

SWAP

Increasing Short

1,958

2.7642 GBP

10 10/11p ordinary

SWAP

Increasing Short

73,813

2.7661 GBP

10 10/11p ordinary

SWAP

Increasing Short

331,453

2.7740 GBP

10 10/11p ordinary

SWAP

Increasing Short

472,067

2.7760 GBP

10 10/11p ordinary

SWAP

Increasing Short

54,606

2.7761 GBP

10 10/11p ordinary

SWAP

Increasing Short

29,504

2.7776 GBP

10 10/11p ordinary

SWAP

Increasing Short

83,853

2.7779 GBP

10 10/11p ordinary

SWAP

Increasing Short

200

2.7800 GBP

10 10/11p ordinary

CFD

Increasing Short

9,591

2.7740 GBP

10 10/11p ordinary

CFD

Increasing Short

16,075

2.7760 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:

10 Mar 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213