Form 8.3 - Direct Line Insurance Group Replacement

FORM 8.3 - Amendment - this form replaces RNS number 7009Z published at 15:22 on 06/03/2025, changes made to section 3b.

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:

05 Mar 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:

20,814,689

1.59%

11,241,205

0.86%

(2) Cash-settled derivatives:

10,406,977

0.79%

20,254,873

1.54%

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

0

0.00%

0

0.00%

TOTAL: 

31,221,666

2.38%

31,496,078

2.40%

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

177,803

2.7760 GBP

10 10/11p ordinary

Purchase

145,609

2.7755 GBP

10 10/11p ordinary

Purchase

72,205

2.7757 GBP

10 10/11p ordinary

Purchase

41,624

2.7690 GBP

10 10/11p ordinary

Purchase

33,280

2.7626 GBP

10 10/11p ordinary

Purchase

26,080

2.7616 GBP

10 10/11p ordinary

Purchase

11,898

2.7683 GBP

10 10/11p ordinary

Purchase

8,489

2.7737 GBP

10 10/11p ordinary

Purchase

8,110

2.7663 GBP

10 10/11p ordinary

Purchase

7,828

2.7700 GBP

10 10/11p ordinary

Purchase

4,746

2.7740 GBP

10 10/11p ordinary

Purchase

3,451

2.7600 GBP

10 10/11p ordinary

Purchase

2,684

2.7677 GBP

10 10/11p ordinary

Purchase

2,222

2.7679 GBP

10 10/11p ordinary

Purchase

2,182

2.7780 GBP

10 10/11p ordinary

Purchase

1,965

2.7640 GBP

10 10/11p ordinary

Purchase

1,960

2.7774 GBP

10 10/11p ordinary

Purchase

1,685

2.7761 GBP

10 10/11p ordinary

Purchase

894

2.7580 GBP

10 10/11p ordinary

Purchase

681

2.7601 GBP

10 10/11p ordinary

Purchase

531

2.7660 GBP

10 10/11p ordinary

Purchase

365

2.7711 GBP

10 10/11p ordinary

Purchase

1

2.7770 GBP

10 10/11p ordinary

Sale

105,600

2.7664 GBP

10 10/11p ordinary

Sale

78,328

2.7732 GBP

10 10/11p ordinary

Sale

67,853

2.7755 GBP

10 10/11p ordinary

Sale

62,022

2.7712 GBP

10 10/11p ordinary

Sale

51,900

2.7707 GBP

10 10/11p ordinary

Sale

41,762

2.7760 GBP

10 10/11p ordinary

Sale

40,464

2.7723 GBP

10 10/11p ordinary

Sale

38,718

2.7691 GBP

10 10/11p ordinary

Sale

13,136

2.7649 GBP

10 10/11p ordinary

Sale

11,897

2.7667 GBP

10 10/11p ordinary

Sale

11,499

2.7684 GBP

10 10/11p ordinary

Sale

10,332

2.7720 GBP

10 10/11p ordinary

Sale

8,613

2.7700 GBP

10 10/11p ordinary

Sale

6,135

2.7725 GBP

10 10/11p ordinary

Sale

3,994

2.7710 GBP

10 10/11p ordinary

Sale

3,561

2.7706 GBP

10 10/11p ordinary

Sale

2,221

2.7758 GBP

10 10/11p ordinary

Sale

1,714

2.7780 GBP

10 10/11p ordinary

Sale

1,679

2.7740 GBP

10 10/11p ordinary

Sale

1,574

2.7703 GBP

10 10/11p ordinary

Sale

876

2.7660 GBP

10 10/11p ordinary

Sale

764

2.7658 GBP

10 10/11p ordinary

Sale

272

2.7777 GBP

10 10/11p ordinary

Sale

145

2.7670 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

199

2.7600 GBP

10 10/11p ordinary

SWAP

Decreasing Short

5,301

2.7640 GBP

10 10/11p ordinary

SWAP

Decreasing Short

13,136

2.7649 GBP

10 10/11p ordinary

SWAP

Decreasing Short

91,000

2.7661 GBP

10 10/11p ordinary

SWAP

Decreasing Short

2,054

2.7684 GBP

10 10/11p ordinary

SWAP

Decreasing Short

14,600

2.7686 GBP

10 10/11p ordinary

SWAP

Decreasing Short

26,365

2.7690 GBP

10 10/11p ordinary

SWAP

Decreasing Short

1,488

2.7701 GBP

10 10/11p ordinary

SWAP

Decreasing Short

2,061

2.7703 GBP

10 10/11p ordinary

SWAP

Decreasing Short

102,219

2.7707 GBP

10 10/11p ordinary

SWAP

Decreasing Short

3,994

2.7710 GBP

10 10/11p ordinary

SWAP

Decreasing Short

40,464

2.7723 GBP

10 10/11p ordinary

SWAP

Decreasing Short

6,135

2.7725 GBP

10 10/11p ordinary

SWAP

Decreasing Short

78,328

2.7732 GBP

10 10/11p ordinary

SWAP

Decreasing Short

3,065

2.7739 GBP

10 10/11p ordinary

SWAP

Decreasing Short

67,853

2.7755 GBP

10 10/11p ordinary

SWAP

Decreasing Short

2,221

2.7758 GBP

10 10/11p ordinary

SWAP

Decreasing Short

6,956

2.7760 GBP

10 10/11p ordinary

SWAP

Decreasing Short

272

2.7777 GBP

10 10/11p ordinary

SWAP

Increasing Short

3,451

2.7600 GBP

10 10/11p ordinary

SWAP

Increasing Short

33,280

2.7626 GBP

10 10/11p ordinary

SWAP

Increasing Short

34,190

2.7627 GBP

10 10/11p ordinary

SWAP

Increasing Short

100

2.7640 GBP

10 10/11p ordinary

SWAP

Increasing Short

2,684

2.7677 GBP

10 10/11p ordinary

SWAP

Increasing Short

365

2.7711 GBP

10 10/11p ordinary

SWAP

Increasing Short

8,489

2.7737 GBP

10 10/11p ordinary

SWAP

Increasing Short

78,218

2.7751 GBP

10 10/11p ordinary

SWAP

Increasing Short

235,576

2.7760 GBP

10 10/11p ordinary

SWAP

Increasing Short

50,659

2.7761 GBP

10 10/11p ordinary

SWAP

Increasing Short

1,202

2.7760 GBP

10 10/11p ordinary

CFD

Decreasing Short

506

2.7698 GBP

10 10/11p ordinary

CFD

Increasing Short

19,605

2.7713 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:

14 Mar 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213