Form 8.3 - Direct Line Insurance Group Replacement

FORM 8.3 - Amendment to 2a

Replaces form Released at 04/12/2024 15:17 RNS Number : 8447O

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:

03 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:

20,556,433

1.57%

10,710,233

0.82%

(2) Cash-settled derivatives:

11,482,865

0.88%

17,644,803

1.35%

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

0

0.00%

0

0.00%

TOTAL: 

32,039,298

2.44%

28,355,036

2.16%

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

175,185

2.3055 GBP

10 10/11p ordinary

Purchase

138,351

2.3056 GBP

10 10/11p ordinary

Purchase

54,693

2.3050 GBP

10 10/11p ordinary

Purchase

46,965

2.3012 GBP

10 10/11p ordinary

Purchase

44,415

2.3018 GBP

10 10/11p ordinary

Purchase

40,517

2.3037 GBP

10 10/11p ordinary

Purchase

35,200

2.3084 GBP

10 10/11p ordinary

Purchase

25,337

2.3060 GBP

10 10/11p ordinary

Purchase

20,557

2.3114 GBP

10 10/11p ordinary

Purchase

20,009

2.3057 GBP

10 10/11p ordinary

Purchase

20,009

2.3077 GBP

10 10/11p ordinary

Purchase

20,009

2.2987 GBP

10 10/11p ordinary

Purchase

20,009

2.3127 GBP

10 10/11p ordinary

Purchase

19,784

2.3020 GBP

10 10/11p ordinary

Purchase

18,867

2.3070 GBP

10 10/11p ordinary

Purchase

12,666

2.3044 GBP

10 10/11p ordinary

Purchase

8,553

2.3042 GBP

10 10/11p ordinary

Purchase

7,319

2.3058 GBP

10 10/11p ordinary

Purchase

6,553

2.3160 GBP

10 10/11p ordinary

Purchase

6,283

2.3047 GBP

10 10/11p ordinary

Purchase

5,618

2.3014 GBP

10 10/11p ordinary

Purchase

2,963

2.3053 GBP

10 10/11p ordinary

Purchase

2,812

2.3062 GBP

10 10/11p ordinary

Purchase

1,271

2.3080 GBP

ADR

Purchase

800

11.4700 USD

10 10/11p ordinary

Purchase

281

2.2966 GBP

10 10/11p ordinary

Purchase

177

2.2980 GBP

10 10/11p ordinary

Sale

108,124

2.3044 GBP

10 10/11p ordinary

Sale

88,535

2.3058 GBP

10 10/11p ordinary

Sale

88,296

2.3060 GBP

10 10/11p ordinary

Sale

68,945

2.3047 GBP

10 10/11p ordinary

Sale

53,261

2.3050 GBP

10 10/11p ordinary

Sale

49,600

2.3027 GBP

10 10/11p ordinary

Sale

43,818

2.3039 GBP

10 10/11p ordinary

Sale

42,558

2.3064 GBP

10 10/11p ordinary

Sale

42,541

2.3038 GBP

10 10/11p ordinary

Sale

36,500

2.3130 GBP

10 10/11p ordinary

Sale

21,690

2.3033 GBP

10 10/11p ordinary

Sale

19,926

2.3059 GBP

10 10/11p ordinary

Sale

19,352

2.3009 GBP

10 10/11p ordinary

Sale

15,903

2.3078 GBP

10 10/11p ordinary

Sale

13,716

2.3079 GBP

10 10/11p ordinary

Sale

12,411

2.3042 GBP

10 10/11p ordinary

Sale

10,869

2.3067 GBP

10 10/11p ordinary

Sale

7,938

2.3052 GBP

10 10/11p ordinary

Sale

7,470

2.3055 GBP

10 10/11p ordinary

Sale

5,876

2.3088 GBP

10 10/11p ordinary

Sale

5,568

2.3154 GBP

10 10/11p ordinary

Sale

5,384

2.3011 GBP

10 10/11p ordinary

Sale

3,999

2.3010 GBP

10 10/11p ordinary

Sale

3,655

2.3070 GBP

10 10/11p ordinary

Sale

3,248

2.3034 GBP

10 10/11p ordinary

Sale

1,736

2.3137 GBP

10 10/11p ordinary

Sale

1,404

2.3020 GBP

10 10/11p ordinary

Sale

882

2.3026 GBP

ADR

Sale

800

11.4700 USD

10 10/11p ordinary

Sale

586

2.3000 GBP

10 10/11p ordinary

Sale

177

2.2980 GBP

10 10/11p ordinary

Sale

117

2.2982 GBP

10 10/11p ordinary

Sale

60

2.2981 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

16,491

2.2987 GBP

10 10/11p ordinary

SWAP

Decreasing Short

23,351

2.3009 GBP

10 10/11p ordinary

SWAP

Decreasing Short

882

2.3026 GBP

10 10/11p ordinary

SWAP

Decreasing Short

63,689

2.3027 GBP

10 10/11p ordinary

SWAP

Decreasing Short

21,690

2.3033 GBP

10 10/11p ordinary

SWAP

Decreasing Short

3,248

2.3034 GBP

10 10/11p ordinary

SWAP

Decreasing Short

33,393

2.3037 GBP

10 10/11p ordinary

SWAP

Decreasing Short

42,541

2.3038 GBP

10 10/11p ordinary

SWAP

Decreasing Short

43,818

2.3039 GBP

10 10/11p ordinary

SWAP

Decreasing Short

3,858

2.3042 GBP

10 10/11p ordinary

SWAP

Decreasing Short

7,470

2.3055 GBP

10 10/11p ordinary

SWAP

Decreasing Short

16,491

2.3057 GBP

10 10/11p ordinary

SWAP

Decreasing Short

6,032

2.3058 GBP

10 10/11p ordinary

SWAP

Decreasing Short

19,926

2.3059 GBP

10 10/11p ordinary

SWAP

Decreasing Short

31,154

2.3060 GBP

10 10/11p ordinary

SWAP

Decreasing Short

15,060

2.3070 GBP

10 10/11p ordinary

SWAP

Decreasing Short

16,491

2.3077 GBP

10 10/11p ordinary

SWAP

Decreasing Short

15,903

2.3078 GBP

10 10/11p ordinary

SWAP

Decreasing Short

16,943

2.3114 GBP

10 10/11p ordinary

SWAP

Decreasing Short

16,491

2.3127 GBP

10 10/11p ordinary

SWAP

Decreasing Short

849

2.3137 GBP

10 10/11p ordinary

SWAP

Decreasing Short

887

2.3140 GBP

10 10/11p ordinary

SWAP

Decreasing Short

381

2.3159 GBP

10 10/11p ordinary

SWAP

Increasing Short

281

2.2966 GBP

10 10/11p ordinary

SWAP

Increasing Short

20,289

2.3003 GBP

10 10/11p ordinary

SWAP

Increasing Short

40,934

2.3013 GBP

10 10/11p ordinary

SWAP

Increasing Short

19,784

2.3021 GBP

10 10/11p ordinary

SWAP

Increasing Short

4,028

2.3032 GBP

10 10/11p ordinary

SWAP

Increasing Short

37,150

2.3033 GBP

10 10/11p ordinary

SWAP

Increasing Short

131

2.3041 GBP

10 10/11p ordinary

SWAP

Increasing Short

4,369

2.3044 GBP

10 10/11p ordinary

SWAP

Increasing Short

6,283

2.3047 GBP

10 10/11p ordinary

SWAP

Increasing Short

4,316

2.3052 GBP

10 10/11p ordinary

SWAP

Increasing Short

138,351

2.3056 GBP

10 10/11p ordinary

SWAP

Increasing Short

58,735

2.3060 GBP

10 10/11p ordinary

SWAP

Increasing Short

30,439

2.3062 GBP

10 10/11p ordinary

SWAP

Increasing Short

1,271

2.3080 GBP

10 10/11p ordinary

SWAP

Increasing Short

172

2.3101 GBP

10 10/11p ordinary

SWAP

Increasing Short

6,553

2.3160 GBP

10 10/11p ordinary

CFD

Increasing Short

12,299

2.3045 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