Form 8.3 - Direct Line Insurance Group Replacement

FORM 8.3 - Amendment to 2a

Replaces form Released at 10/12/2024 12:48 RNS Number : 5476P

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:

09 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:

14,033,004

1.07%

15,000,718

1.14%

(2) Cash-settled derivatives:

15,764,536

1.20%

11,285,210

0.86%

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

0

0.00%

0

0.00%

TOTAL: 

29,797,540

2.27%

26,285,928

2.00%

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

1,037,756

2.4840 GBP

10 10/11p ordinary

Purchase

342,666

2.4925 GBP

10 10/11p ordinary

Purchase

181,707

2.4937 GBP

10 10/11p ordinary

Purchase

51,159

2.4874 GBP

10 10/11p ordinary

Purchase

50,000

2.4977 GBP

10 10/11p ordinary

Purchase

45,316

2.5038 GBP

10 10/11p ordinary

Purchase

33,889

2.4974 GBP

10 10/11p ordinary

Purchase

21,800

2.4867 GBP

10 10/11p ordinary

Purchase

20,759

2.5014 GBP

10 10/11p ordinary

Purchase

19,442

2.5020 GBP

10 10/11p ordinary

Purchase

15,500

2.4887 GBP

10 10/11p ordinary

Purchase

15,410

2.5022 GBP

10 10/11p ordinary

Purchase

15,353

2.4856 GBP

10 10/11p ordinary

Purchase

15,000

2.4907 GBP

10 10/11p ordinary

Purchase

14,514

2.4863 GBP

10 10/11p ordinary

Purchase

11,718

2.4971 GBP

10 10/11p ordinary

Purchase

11,528

2.4995 GBP

10 10/11p ordinary

Purchase

11,029

2.5030 GBP

10 10/11p ordinary

Purchase

10,827

2.4891 GBP

10 10/11p ordinary

Purchase

10,600

2.5007 GBP

10 10/11p ordinary

Purchase

10,369

2.4952 GBP

10 10/11p ordinary

Purchase

6,900

2.5033 GBP

10 10/11p ordinary

Purchase

6,419

2.4981 GBP

10 10/11p ordinary

Purchase

6,000

2.5076 GBP

10 10/11p ordinary

Purchase

5,909

2.5043 GBP

10 10/11p ordinary

Purchase

5,800

2.4967 GBP

10 10/11p ordinary

Purchase

5,200

2.4894 GBP

10 10/11p ordinary

Purchase

4,084

2.4997 GBP

10 10/11p ordinary

Purchase

3,630

2.5004 GBP

10 10/11p ordinary

Purchase

2,920

2.4962 GBP

10 10/11p ordinary

Purchase

2,655

2.4987 GBP

10 10/11p ordinary

Purchase

2,605

2.5040 GBP

10 10/11p ordinary

Purchase

2,593

2.5010 GBP

10 10/11p ordinary

Purchase

1,361

2.4910 GBP

10 10/11p ordinary

Purchase

1,305

2.5000 GBP

10 10/11p ordinary

Purchase

1,131

2.4980 GBP

10 10/11p ordinary

Purchase

783

2.5060 GBP

10 10/11p ordinary

Purchase

1

2.4957 GBP

10 10/11p ordinary

Sale

304,089

2.4961 GBP

10 10/11p ordinary

Sale

222,986

2.5001 GBP

10 10/11p ordinary

Sale

175,510

2.4943 GBP

10 10/11p ordinary

Sale

140,229

2.4875 GBP

10 10/11p ordinary

Sale

125,378

2.4957 GBP

10 10/11p ordinary

Sale

115,588

2.4885 GBP

10 10/11p ordinary

Sale

96,840

2.4966 GBP

10 10/11p ordinary

Sale

92,744

2.4979 GBP

10 10/11p ordinary

Sale

84,588

2.4922 GBP

10 10/11p ordinary

Sale

82,310

2.4947 GBP

10 10/11p ordinary

Sale

58,884

2.4986 GBP

10 10/11p ordinary

Sale

34,215

2.4952 GBP

10 10/11p ordinary

Sale

23,617

2.4912 GBP

10 10/11p ordinary

Sale

23,460

2.4838 GBP

10 10/11p ordinary

Sale

22,200

2.5055 GBP

10 10/11p ordinary

Sale

17,721

2.4840 GBP

10 10/11p ordinary

Sale

16,220

2.4902 GBP

10 10/11p ordinary

Sale

13,813

2.4987 GBP

10 10/11p ordinary

Sale

13,122

2.5037 GBP

10 10/11p ordinary

Sale

12,460

2.4968 GBP

10 10/11p ordinary

Sale

9,911

2.5021 GBP

10 10/11p ordinary

Sale

8,227

2.5006 GBP

10 10/11p ordinary

Sale

8,092

2.5009 GBP

10 10/11p ordinary

Sale

8,039

2.4924 GBP

10 10/11p ordinary

Sale

7,048

2.4978 GBP

10 10/11p ordinary

Sale

6,796

2.4897 GBP

10 10/11p ordinary

Sale

6,586

2.5132 GBP

10 10/11p ordinary

Sale

6,389

2.4962 GBP

10 10/11p ordinary

Sale

4,563

2.4990 GBP

10 10/11p ordinary

Sale

3,687

2.5060 GBP

10 10/11p ordinary

Sale

3,403

2.4866 GBP

10 10/11p ordinary

Sale

3,106

2.4981 GBP

10 10/11p ordinary

Sale

2,376

2.4949 GBP

10 10/11p ordinary

Sale

1,748

2.5000 GBP

10 10/11p ordinary

Sale

1,578

2.5079 GBP

10 10/11p ordinary

Sale

1,282

2.4880 GBP

10 10/11p ordinary

Sale

1,131

2.4980 GBP

10 10/11p ordinary

Sale

1,116

2.5017 GBP

10 10/11p ordinary

Sale

744

2.4950 GBP

10 10/11p ordinary

Sale

72

2.4965 GBP

10 10/11p ordinary

Sale

1

2.4960 GBP

10 10/11p ordinary

Sale

1

2.4940 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 Long

23,460

2.4838 GBP

10 10/11p ordinary

SWAP

Increasing Long

41,236

2.4840 GBP

10 10/11p ordinary

SWAP

Increasing Long

3,403

2.4866 GBP

10 10/11p ordinary

SWAP

Increasing Long

10,654

2.4874 GBP

10 10/11p ordinary

SWAP

Increasing Long

16,220

2.4902 GBP

10 10/11p ordinary

SWAP

Increasing Long

175,510

2.4943 GBP

10 10/11p ordinary

SWAP

Increasing Long

94,788

2.4948 GBP

10 10/11p ordinary

SWAP

Increasing Long

54,364

2.4955 GBP

10 10/11p ordinary

SWAP

Increasing Long

4,338

2.4957 GBP

10 10/11p ordinary

SWAP

Increasing Long

249,725

2.4962 GBP

10 10/11p ordinary

SWAP

Increasing Long

12,460

2.4968 GBP

10 10/11p ordinary

SWAP

Increasing Long

45,532

2.4969 GBP

10 10/11p ordinary

SWAP

Increasing Long

64,317

2.4973 GBP

10 10/11p ordinary

SWAP

Increasing Long

52,191

2.4986 GBP

10 10/11p ordinary

SWAP

Increasing Long

13,813

2.4987 GBP

10 10/11p ordinary

SWAP

Increasing Long

42,614

2.4988 GBP

10 10/11p ordinary

SWAP

Increasing Long

1

2.4998 GBP

10 10/11p ordinary

SWAP

Increasing Long

222,986

2.5001 GBP

10 10/11p ordinary

SWAP

Increasing Long

1,116

2.5017 GBP

10 10/11p ordinary

SWAP

Increasing Long

10,535

2.5018 GBP

10 10/11p ordinary

SWAP

Increasing Long

2,634

2.5019 GBP

10 10/11p ordinary

SWAP

Increasing Long

1,714

2.5043 GBP

10 10/11p ordinary

SWAP

Increasing Long

22,200

2.5055 GBP

10 10/11p ordinary

SWAP

Increasing Long

3,687

2.5060 GBP

10 10/11p ordinary

SWAP

Increasing Long

1,650

2.5074 GBP

10 10/11p ordinary

SWAP

Decreasing Long

26,065

2.4840 GBP

10 10/11p ordinary

SWAP

Decreasing Long

60,409

2.4847 GBP

10 10/11p ordinary

SWAP

Decreasing Long

15,353

2.4856 GBP

10 10/11p ordinary

SWAP

Decreasing Long

14,514

2.4863 GBP

10 10/11p ordinary

SWAP

Decreasing Long

21,800

2.4867 GBP

10 10/11p ordinary

SWAP

Decreasing Long

15,500

2.4887 GBP

10 10/11p ordinary

SWAP

Decreasing Long

10,827

2.4891 GBP

10 10/11p ordinary

SWAP

Decreasing Long

5,200

2.4894 GBP

10 10/11p ordinary

SWAP

Decreasing Long

15,000

2.4907 GBP

10 10/11p ordinary

SWAP

Decreasing Long

50,000

2.4937 GBP

10 10/11p ordinary

SWAP

Decreasing Long

10,369

2.4952 GBP

10 10/11p ordinary

SWAP

Decreasing Long

2,920

2.4962 GBP

10 10/11p ordinary

SWAP

Decreasing Long

5,800

2.4967 GBP

10 10/11p ordinary

SWAP

Decreasing Long

33,889

2.4974 GBP

10 10/11p ordinary

SWAP

Decreasing Long

50,000

2.4977 GBP

10 10/11p ordinary

SWAP

Decreasing Long

6

2.4980 GBP

10 10/11p ordinary

SWAP

Decreasing Long

6,419

2.4981 GBP

10 10/11p ordinary

SWAP

Decreasing Long

1,388

2.4999 GBP

10 10/11p ordinary

SWAP

Decreasing Long

10,600

2.5007 GBP

10 10/11p ordinary

SWAP

Decreasing Long

20,539

2.5010 GBP

10 10/11p ordinary

SWAP

Decreasing Long

3,315

2.5022 GBP

10 10/11p ordinary

SWAP

Decreasing Long

19,736

2.5039 GBP

10 10/11p ordinary

SWAP

Decreasing Long

8,444

2.5055 GBP

10 10/11p ordinary

SWAP

Decreasing Long

783

2.5060 GBP

10 10/11p ordinary

SWAP

Decreasing Long

1,387

2.5066 GBP

10 10/11p ordinary

CFD

Decreasing Short

3,320

2.4856 GBP

10 10/11p ordinary

CFD

Increasing Short

880,800

2.4840 GBP

10 10/11p ordinary

CFD

Increasing Short

6,321

2.4841 GBP

10 10/11p ordinary

CFD

Increasing Short

11,059

2.4932 GBP

10 10/11p ordinary

CFD

Increasing Short

1,131

2.4980 GBP

10 10/11p ordinary

CFD

Increasing Short

63,514

2.5027 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