Form 8.3 - Direct Line Insurance Group Replacement

FORM 8.3 - Amendment to 2a

Replaces form Released at 03/12/2024 15:15 RNS Number : 6558O

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:

02 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:

20,944,832

1.60%

11,068,890

0.84%

(2) Cash-settled derivatives:

11,714,179

0.89%

17,907,771

1.37%

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

0

0.00%

0

0.00%

TOTAL: 

32,659,011

2.49%

28,976,661

2.21%

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

860,098

2.3200 GBP

10 10/11p ordinary

Purchase

249,544

2.3202 GBP

10 10/11p ordinary

Purchase

66,171

2.3162 GBP

10 10/11p ordinary

Purchase

59,740

2.3236 GBP

10 10/11p ordinary

Purchase

56,837

2.3195 GBP

10 10/11p ordinary

Purchase

48,850

2.3150 GBP

10 10/11p ordinary

Purchase

45,409

2.3144 GBP

10 10/11p ordinary

Purchase

27,941

2.3156 GBP

10 10/11p ordinary

Purchase

26,382

2.3161 GBP

10 10/11p ordinary

Purchase

19,644

2.3590 GBP

10 10/11p ordinary

Purchase

19,148

2.3275 GBP

10 10/11p ordinary

Purchase

17,822

2.3392 GBP

10 10/11p ordinary

Purchase

12,118

2.3461 GBP

10 10/11p ordinary

Purchase

8,511

2.3212 GBP

10 10/11p ordinary

Purchase

7,932

2.3132 GBP

10 10/11p ordinary

Purchase

6,779

2.3131 GBP

10 10/11p ordinary

Purchase

6,379

2.3571 GBP

10 10/11p ordinary

Purchase

6,356

2.3153 GBP

10 10/11p ordinary

Purchase

6,045

2.3594 GBP

10 10/11p ordinary

Purchase

5,520

2.3488 GBP

10 10/11p ordinary

Purchase

4,990

2.3148 GBP

10 10/11p ordinary

Purchase

4,895

2.3593 GBP

10 10/11p ordinary

Purchase

4,550

2.3124 GBP

10 10/11p ordinary

Purchase

4,336

2.3543 GBP

10 10/11p ordinary

Purchase

4,293

2.3123 GBP

10 10/11p ordinary

Purchase

4,228

2.3400 GBP

ADR

Purchase

4,000

11.6600 USD

10 10/11p ordinary

Purchase

3,944

2.3545 GBP

10 10/11p ordinary

Purchase

3,610

2.3170 GBP

10 10/11p ordinary

Purchase

3,150

2.3056 GBP

10 10/11p ordinary

Purchase

3,053

2.3332 GBP

10 10/11p ordinary

Purchase

2,525

2.3395 GBP

10 10/11p ordinary

Purchase

1,917

2.3060 GBP

10 10/11p ordinary

Purchase

1,909

2.3281 GBP

10 10/11p ordinary

Purchase

1,814

2.3420 GBP

10 10/11p ordinary

Purchase

1,483

2.3117 GBP

10 10/11p ordinary

Purchase

1,455

2.3065 GBP

10 10/11p ordinary

Purchase

1,250

2.3121 GBP

10 10/11p ordinary

Purchase

1,145

2.3600 GBP

10 10/11p ordinary

Purchase

860

2.3500 GBP

10 10/11p ordinary

Purchase

847

2.3519 GBP

10 10/11p ordinary

Purchase

575

2.3071 GBP

10 10/11p ordinary

Purchase

200

2.3180 GBP

10 10/11p ordinary

Purchase

159

2.3000 GBP

10 10/11p ordinary

Purchase

123

2.3140 GBP

10 10/11p ordinary

Purchase

92

2.3120 GBP

10 10/11p ordinary

Purchase

61

2.3398 GBP

10 10/11p ordinary

Purchase

7

2.3520 GBP

10 10/11p ordinary

Purchase

6

2.3040 GBP

10 10/11p ordinary

Purchase

1

2.3070 GBP

10 10/11p ordinary

Sale

383,909

2.3200 GBP

10 10/11p ordinary

Sale

227,594

2.3235 GBP

10 10/11p ordinary

Sale

223,419

2.3193 GBP

10 10/11p ordinary

Sale

191,696

2.3154 GBP

10 10/11p ordinary

Sale

71,408

2.3551 GBP

10 10/11p ordinary

Sale

59,566

2.3168 GBP

10 10/11p ordinary

Sale

58,615

2.3188 GBP

10 10/11p ordinary

Sale

53,805

2.3182 GBP

10 10/11p ordinary

Sale

49,731

2.3523 GBP

10 10/11p ordinary

Sale

38,800

2.3150 GBP

10 10/11p ordinary

Sale

37,062

2.3266 GBP

10 10/11p ordinary

Sale

32,753

2.3199 GBP

10 10/11p ordinary

Sale

26,828

2.3220 GBP

10 10/11p ordinary

Sale

25,303

2.3223 GBP

10 10/11p ordinary

Sale

11,910

2.3280 GBP

10 10/11p ordinary

Sale

9,182

2.3132 GBP

10 10/11p ordinary

Sale

8,913

2.3103 GBP

10 10/11p ordinary

Sale

8,653

2.3294 GBP

10 10/11p ordinary

Sale

8,139

2.3144 GBP

10 10/11p ordinary

Sale

7,235

2.3252 GBP

10 10/11p ordinary

Sale

5,682

2.3126 GBP

10 10/11p ordinary

Sale

5,286

2.3400 GBP

10 10/11p ordinary

Sale

4,145

2.3256 GBP

10 10/11p ordinary

Sale

4,065

2.3363 GBP

ADR

Sale

4,000

11.6600 USD

10 10/11p ordinary

Sale

2,938

2.3120 GBP

10 10/11p ordinary

Sale

2,279

2.3296 GBP

10 10/11p ordinary

Sale

1,521

2.3180 GBP

10 10/11p ordinary

Sale

1,519

2.3239 GBP

10 10/11p ordinary

Sale

1,456

2.3365 GBP

10 10/11p ordinary

Sale

1,089

2.3166 GBP

10 10/11p ordinary

Sale

860

2.3500 GBP

10 10/11p ordinary

Sale

612

2.3539 GBP

10 10/11p ordinary

Sale

600

2.3412 GBP

10 10/11p ordinary

Sale

529

2.3186 GBP

10 10/11p ordinary

Sale

386

2.3519 GBP

10 10/11p ordinary

Sale

168

2.3160 GBP

10 10/11p ordinary

Sale

163

2.3121 GBP

10 10/11p ordinary

Sale

123

2.3140 GBP

10 10/11p ordinary

Sale

93

2.3165 GBP

10 10/11p ordinary

Sale

68

2.3170 GBP

10 10/11p ordinary

Sale

65

2.3174 GBP

10 10/11p ordinary

Sale

7

2.3520 GBP

10 10/11p ordinary

Sale

6

2.3040 GBP

10 10/11p ordinary

Sale

1

2.3070 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

1,389

2.3126 GBP

10 10/11p ordinary

SWAP

Decreasing Short

35,000

2.3132 GBP

10 10/11p ordinary

SWAP

Decreasing Short

69,239

2.3149 GBP

10 10/11p ordinary

SWAP

Decreasing Short

50,528

2.3154 GBP

10 10/11p ordinary

SWAP

Decreasing Short

93

2.3165 GBP

10 10/11p ordinary

SWAP

Decreasing Short

59,566

2.3168 GBP

10 10/11p ordinary

SWAP

Decreasing Short

12,854

2.3171 GBP

10 10/11p ordinary

SWAP

Decreasing Short

88,875

2.3172 GBP

10 10/11p ordinary

SWAP

Decreasing Short

65

2.3173 GBP

10 10/11p ordinary

SWAP

Decreasing Short

45,761

2.3192 GBP

10 10/11p ordinary

SWAP

Decreasing Short

32,753

2.3199 GBP

10 10/11p ordinary

SWAP

Decreasing Short

12,385

2.3200 GBP

10 10/11p ordinary

SWAP

Decreasing Short

48,540

2.3202 GBP

10 10/11p ordinary

SWAP

Decreasing Short

26,625

2.3234 GBP

10 10/11p ordinary

SWAP

Decreasing Short

1,519

2.3239 GBP

10 10/11p ordinary

SWAP

Decreasing Short

3,800

2.3314 GBP

10 10/11p ordinary

SWAP

Decreasing Short

386

2.3519 GBP

10 10/11p ordinary

SWAP

Decreasing Short

49,731

2.3523 GBP

10 10/11p ordinary

SWAP

Decreasing Short

612

2.3539 GBP

10 10/11p ordinary

SWAP

Increasing Short

159

2.3000 GBP

10 10/11p ordinary

SWAP

Increasing Short

3,856

2.3062 GBP

10 10/11p ordinary

SWAP

Increasing Short

7,656

2.3110 GBP

10 10/11p ordinary

SWAP

Increasing Short

1,250

2.3121 GBP

10 10/11p ordinary

SWAP

Increasing Short

27,472

2.3124 GBP

10 10/11p ordinary

SWAP

Increasing Short

7,932

2.3132 GBP

10 10/11p ordinary

SWAP

Increasing Short

521

2.3147 GBP

10 10/11p ordinary

SWAP

Increasing Short

89,041

2.3161 GBP

10 10/11p ordinary

SWAP

Increasing Short

23,342

2.3164 GBP

10 10/11p ordinary

SWAP

Increasing Short

3,512

2.3181 GBP

10 10/11p ordinary

SWAP

Increasing Short

18,400

2.3195 GBP

10 10/11p ordinary

SWAP

Increasing Short

5,411

2.3200 GBP

10 10/11p ordinary

SWAP

Increasing Short

33,072

2.3209 GBP

10 10/11p ordinary

SWAP

Increasing Short

8,511

2.3212 GBP

10 10/11p ordinary

SWAP

Increasing Short

34,966

2.3257 GBP

10 10/11p ordinary

SWAP

Increasing Short

16,126

2.3392 GBP

10 10/11p ordinary

SWAP

Increasing Short

1,954

2.3545 GBP

10 10/11p ordinary

CFD

Decreasing Short

900

2.3137 GBP

10 10/11p ordinary

CFD

Decreasing Short

40,982

2.3281 GBP

10 10/11p ordinary

CFD

Decreasing Short

313

2.3398 GBP

10 10/11p ordinary

CFD

Decreasing Short

1,200

2.3412 GBP

10 10/11p ordinary

CFD

Decreasing Short

4,475

2.3480 GBP

10 10/11p ordinary

CFD

Increasing Short

4,000

2.3101 GBP

10 10/11p ordinary

CFD

Increasing Short

745,174

2.3200 GBP

10 10/11p ordinary

CFD

Increasing Short

8,023

2.3213 GBP

10 10/11p ordinary

CFD

Increasing Short

600

2.3412 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