Form 8.3 - Direct Line Insurance Group Replacement

FORM 8.3 - Amendment to 2a

Replaces form Released at 09/12/2024 11:47 RNS Number : 3564P

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:

06 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:

14,052,623

1.07%

15,264,105

1.16%

(2) Cash-settled derivatives:

16,031,339

1.22%

11,353,393

0.87%

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

0

0.00%

0

0.00%

TOTAL: 

30,083,962

2.29%

26,617,498

2.03%

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

3,102,911

2.5400 GBP

10 10/11p ordinary

Purchase

926,923

2.4920 GBP

10 10/11p ordinary

Purchase

895,737

2.5267 GBP

10 10/11p ordinary

Purchase

890,844

2.5001 GBP

10 10/11p ordinary

Purchase

552,729

2.5308 GBP

10 10/11p ordinary

Purchase

471,580

2.5290 GBP

10 10/11p ordinary

Purchase

468,271

2.5210 GBP

10 10/11p ordinary

Purchase

172,797

2.5093 GBP

10 10/11p ordinary

Purchase

130,006

2.5285 GBP

10 10/11p ordinary

Purchase

129,377

2.5300 GBP

10 10/11p ordinary

Purchase

107,835

2.5244 GBP

10 10/11p ordinary

Purchase

77,789

2.5291 GBP

10 10/11p ordinary

Purchase

75,592

2.4917 GBP

10 10/11p ordinary

Purchase

61,567

2.5152 GBP

10 10/11p ordinary

Purchase

44,946

2.5243 GBP

10 10/11p ordinary

Purchase

34,231

2.5374 GBP

10 10/11p ordinary

Purchase

24,192

2.5384 GBP

10 10/11p ordinary

Purchase

21,446

2.5288 GBP

10 10/11p ordinary

Purchase

19,998

2.5295 GBP

10 10/11p ordinary

Purchase

18,217

2.5198 GBP

10 10/11p ordinary

Purchase

10,294

2.5246 GBP

10 10/11p ordinary

Purchase

9,266

2.5218 GBP

10 10/11p ordinary

Purchase

9,164

2.5233 GBP

10 10/11p ordinary

Purchase

8,101

2.5377 GBP

10 10/11p ordinary

Purchase

7,976

2.5380 GBP

10 10/11p ordinary

Purchase

7,601

2.4973 GBP

10 10/11p ordinary

Purchase

7,133

2.5392 GBP

10 10/11p ordinary

Purchase

5,395

2.5299 GBP

10 10/11p ordinary

Purchase

4,771

2.5083 GBP

10 10/11p ordinary

Purchase

3,455

2.5516 GBP

10 10/11p ordinary

Purchase

2,538

2.5209 GBP

10 10/11p ordinary

Purchase

2,329

2.5279 GBP

10 10/11p ordinary

Purchase

1,878

2.5287 GBP

ADR

Purchase

1,600

12.8100 USD

10 10/11p ordinary

Purchase

1,592

2.5388 GBP

10 10/11p ordinary

Purchase

1,504

2.5275 GBP

10 10/11p ordinary

Purchase

1,391

2.5280 GBP

10 10/11p ordinary

Purchase

1,122

2.5220 GBP

10 10/11p ordinary

Purchase

459

2.5183 GBP

10 10/11p ordinary

Purchase

228

2.5193 GBP

10 10/11p ordinary

Sale

3,775,648

2.5282 GBP

10 10/11p ordinary

Sale

2,668,408

2.5380 GBP

10 10/11p ordinary

Sale

1,500,283

2.5277 GBP

10 10/11p ordinary

Sale

1,088,036

2.4920 GBP

10 10/11p ordinary

Sale

827,437

2.5234 GBP

10 10/11p ordinary

Sale

826,713

2.5251 GBP

10 10/11p ordinary

Sale

714,286

2.5382 GBP

10 10/11p ordinary

Sale

684,095

2.5159 GBP

10 10/11p ordinary

Sale

578,907

2.5233 GBP

10 10/11p ordinary

Sale

577,385

2.5356 GBP

10 10/11p ordinary

Sale

535,713

2.5335 GBP

10 10/11p ordinary

Sale

321,883

2.5216 GBP

10 10/11p ordinary

Sale

300,195

2.5290 GBP

10 10/11p ordinary

Sale

297,143

2.5241 GBP

10 10/11p ordinary

Sale

291,654

2.5296 GBP

10 10/11p ordinary

Sale

246,644

2.5260 GBP

10 10/11p ordinary

Sale

206,315

2.5400 GBP

10 10/11p ordinary

Sale

171,244

2.5262 GBP

10 10/11p ordinary

Sale

152,529

2.5255 GBP

10 10/11p ordinary

Sale

143,987

2.5362 GBP

10 10/11p ordinary

Sale

135,618

2.5284 GBP

10 10/11p ordinary

Sale

132,505

2.5381 GBP

10 10/11p ordinary

Sale

125,173

2.5208 GBP

10 10/11p ordinary

Sale

101,773

2.5049 GBP

10 10/11p ordinary

Sale

100,557

2.5368 GBP

10 10/11p ordinary

Sale

87,010

2.5371 GBP

10 10/11p ordinary

Sale

70,648

2.5210 GBP

10 10/11p ordinary

Sale

68,318

2.5311 GBP

10 10/11p ordinary

Sale

64,542

2.5222 GBP

10 10/11p ordinary

Sale

61,325

2.5243 GBP

10 10/11p ordinary

Sale

57,616

2.5272 GBP

10 10/11p ordinary

Sale

27,987

2.5363 GBP

10 10/11p ordinary

Sale

23,035

2.5292 GBP

10 10/11p ordinary

Sale

20,705

2.5312 GBP

10 10/11p ordinary

Sale

20,235

2.5286 GBP

10 10/11p ordinary

Sale

20,226

2.5275 GBP

10 10/11p ordinary

Sale

15,716

2.5200 GBP

10 10/11p ordinary

Sale

11,961

2.5271 GBP

10 10/11p ordinary

Sale

9,745

2.5211 GBP

10 10/11p ordinary

Sale

9,450

2.5299 GBP

10 10/11p ordinary

Sale

8,644

2.5270 GBP

10 10/11p ordinary

Sale

8,139

2.5279 GBP

10 10/11p ordinary

Sale

6,794

2.5329 GBP

10 10/11p ordinary

Sale

6,012

2.5273 GBP

10 10/11p ordinary

Sale

5,101

2.5197 GBP

10 10/11p ordinary

Sale

4,479

2.4974 GBP

10 10/11p ordinary

Sale

2,890

2.5322 GBP

10 10/11p ordinary

Sale

2,791

2.5300 GBP

ADR

Sale

1,600

12.8100 USD

10 10/11p ordinary

Sale

1,258

2.5150 GBP

10 10/11p ordinary

Sale

536

2.5280 GBP

10 10/11p ordinary

Sale

498

2.5099 GBP

10 10/11p ordinary

Sale

87

2.5140 GBP

10 10/11p ordinary

Sale

84

2.5376 GBP

10 10/11p ordinary

Sale

81

2.5012 GBP

10 10/11p ordinary

Sale

1

2.5310 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

492

2.4920 GBP

10 10/11p ordinary

SWAP

Decreasing Short

4,479

2.4973 GBP

10 10/11p ordinary

SWAP

Decreasing Short

81

2.5012 GBP

10 10/11p ordinary

SWAP

Decreasing Short

101,773

2.5049 GBP

10 10/11p ordinary

SWAP

Decreasing Short

498

2.5098 GBP

10 10/11p ordinary

SWAP

Decreasing Short

25,000

2.5101 GBP

10 10/11p ordinary

SWAP

Decreasing Short

449,833

2.5218 GBP

10 10/11p ordinary

SWAP

Opening Long

64,542

2.5222 GBP

10 10/11p ordinary

SWAP

Increasing Long

827,437

2.5234 GBP

10 10/11p ordinary

SWAP

Increasing Long

326,180

2.5241 GBP

10 10/11p ordinary

SWAP

Increasing Long

35,860

2.5243 GBP

10 10/11p ordinary

SWAP

Increasing Long

910,613

2.5251 GBP

10 10/11p ordinary

SWAP

Increasing Long

4,888

2.5256 GBP

10 10/11p ordinary

SWAP

Increasing Long

246,644

2.5260 GBP

10 10/11p ordinary

SWAP

Increasing Long

1,405

2.5262 GBP

10 10/11p ordinary

SWAP

Increasing Long

77,144

2.5271 GBP

10 10/11p ordinary

SWAP

Increasing Long

5,481

2.5273 GBP

10 10/11p ordinary

SWAP

Increasing Long

1,500,227

2.5277 GBP

10 10/11p ordinary

SWAP

Increasing Long

56

2.5278 GBP

10 10/11p ordinary

SWAP

Increasing Long

3,775,648

2.5282 GBP

10 10/11p ordinary

SWAP

Increasing Long

54,032

2.5290 GBP

10 10/11p ordinary

SWAP

Increasing Long

6,794

2.5329 GBP

10 10/11p ordinary

SWAP

Increasing Long

58,604

2.5333 GBP

10 10/11p ordinary

SWAP

Increasing Long

535,713

2.5335 GBP

10 10/11p ordinary

SWAP

Increasing Long

85,200

2.5341 GBP

10 10/11p ordinary

SWAP

Increasing Long

7,419

2.5345 GBP

10 10/11p ordinary

SWAP

Increasing Long

143,987

2.5362 GBP

10 10/11p ordinary

SWAP

Increasing Long

84

2.5376 GBP

10 10/11p ordinary

SWAP

Increasing Long

714,286

2.5382 GBP

10 10/11p ordinary

SWAP

Decreasing Long

39,458

2.3674 GBP

10 10/11p ordinary

SWAP

Decreasing Long

346,789

2.4954 GBP

10 10/11p ordinary

SWAP

Decreasing Long

223,821

2.4972 GBP

10 10/11p ordinary

SWAP

Decreasing Long

101,668

2.5011 GBP

10 10/11p ordinary

SWAP

Decreasing Long

4,771

2.5083 GBP

10 10/11p ordinary

SWAP

Decreasing Long

61,567

2.5152 GBP

10 10/11p ordinary

SWAP

Decreasing Long

15,000

2.5170 GBP

10 10/11p ordinary

SWAP

Decreasing Long

228

2.5193 GBP

10 10/11p ordinary

SWAP

Decreasing Long

432

2.5197 GBP

10 10/11p ordinary

SWAP

Decreasing Long

25,000

2.5222 GBP

10 10/11p ordinary

SWAP

Decreasing Long

10,294

2.5246 GBP

10 10/11p ordinary

SWAP

Decreasing Long

810

2.5265 GBP

10 10/11p ordinary

SWAP

Decreasing Long

3,246

2.5278 GBP

10 10/11p ordinary

SWAP

Decreasing Long

132,927

2.5285 GBP

10 10/11p ordinary

SWAP

Decreasing Long

1,878

2.5287 GBP

10 10/11p ordinary

SWAP

Decreasing Long

129,377

2.5300 GBP

10 10/11p ordinary

SWAP

Decreasing Long

500,000

2.5307 GBP

10 10/11p ordinary

SWAP

Decreasing Long

23,984

2.5309 GBP

10 10/11p ordinary

SWAP

Decreasing Long

34,231

2.5374 GBP

10 10/11p ordinary

SWAP

Decreasing Long

1,592

2.5388 GBP

10 10/11p ordinary

SWAP

Decreasing Long

3,455

2.5516 GBP

10 10/11p ordinary

CFD

Decreasing Short

881,931

2.4920 GBP

10 10/11p ordinary

CFD

Decreasing Short

30,000

2.5137 GBP

10 10/11p ordinary

CFD

Decreasing Short

3,636

2.5217 GBP

10 10/11p ordinary

CFD

Decreasing Short

90,269

2.5363 GBP

10 10/11p ordinary

CFD

Increasing Short

780,409

2.4920 GBP

10 10/11p ordinary

CFD

Increasing Short

11,188

2.4921 GBP

10 10/11p ordinary

CFD

Increasing Short

14,318

2.5192 GBP

10 10/11p ordinary

CFD

Increasing Short

1,600

2.5242 GBP

10 10/11p ordinary

CFD

Increasing Short

9,109

2.5288 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:

13 Dec 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213