Form 8.3 - Direct Line Insurance Group Replacement

FORM 8.3 - Amendment to 2aReplaces form Released at 06/12/2024 16:40 RNS Number : 2136P

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:

29 Nov 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:

21,398,526

1.63%

11,569,106

0.88%

(2) Cash-settled derivatives:

12,456,858

0.95%

18,197,063

1.38%

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

0

0.00%

0

0.00%

TOTAL: 

33,855,384

2.58%

29,766,169

2.26%

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

1,545,068

2.3480 GBP

10 10/11p ordinary

Purchase

417,057

2.3016 GBP

10 10/11p ordinary

Purchase

387,200

2.3074 GBP

10 10/11p ordinary

Purchase

323,121

2.3098 GBP

10 10/11p ordinary

Purchase

173,826

2.2900 GBP

10 10/11p ordinary

Purchase

156,500

2.3345 GBP

10 10/11p ordinary

Purchase

130,675

2.2961 GBP

10 10/11p ordinary

Purchase

120,526

2.3104 GBP

10 10/11p ordinary

Purchase

111,807

2.3145 GBP

ADR

Purchase

45,296

11.7473 USD

10 10/11p ordinary

Purchase

39,940

2.2927 GBP

10 10/11p ordinary

Purchase

37,730

2.3299 GBP

10 10/11p ordinary

Purchase

28,915

2.3165 GBP

10 10/11p ordinary

Purchase

21,160

2.3002 GBP

10 10/11p ordinary

Purchase

20,402

2.3084 GBP

10 10/11p ordinary

Purchase

17,687

2.2790 GBP

10 10/11p ordinary

Purchase

14,750

2.3075 GBP

10 10/11p ordinary

Purchase

13,162

2.2950 GBP

10 10/11p ordinary

Purchase

13,100

2.3334 GBP

10 10/11p ordinary

Purchase

13,043

2.2899 GBP

10 10/11p ordinary

Purchase

12,784

2.2953 GBP

10 10/11p ordinary

Purchase

11,588

2.3360 GBP

10 10/11p ordinary

Purchase

11,336

2.3061 GBP

10 10/11p ordinary

Purchase

10,602

2.3348 GBP

10 10/11p ordinary

Purchase

9,395

2.2860 GBP

10 10/11p ordinary

Purchase

8,939

2.3278 GBP

10 10/11p ordinary

Purchase

7,407

2.3017 GBP

10 10/11p ordinary

Purchase

7,272

2.3159 GBP

10 10/11p ordinary

Purchase

7,264

2.2700 GBP

10 10/11p ordinary

Purchase

6,035

2.2720 GBP

10 10/11p ordinary

Purchase

5,259

2.3114 GBP

10 10/11p ordinary

Purchase

5,174

2.3223 GBP

10 10/11p ordinary

Purchase

4,803

2.3440 GBP

10 10/11p ordinary

Purchase

4,512

2.2980 GBP

10 10/11p ordinary

Purchase

3,808

2.3149 GBP

10 10/11p ordinary

Purchase

3,262

2.3460 GBP

10 10/11p ordinary

Purchase

3,250

2.2760 GBP

10 10/11p ordinary

Purchase

3,034

2.3128 GBP

10 10/11p ordinary

Purchase

2,759

2.3140 GBP

10 10/11p ordinary

Purchase

2,525

2.3095 GBP

10 10/11p ordinary

Purchase

2,459

2.2788 GBP

10 10/11p ordinary

Purchase

2,309

2.3291 GBP

10 10/11p ordinary

Purchase

2,073

2.3417 GBP

10 10/11p ordinary

Purchase

1,976

2.3000 GBP

10 10/11p ordinary

Purchase

1,600

2.3162 GBP

10 10/11p ordinary

Purchase

1,526

2.2740 GBP

10 10/11p ordinary

Purchase

1,500

2.3500 GBP

10 10/11p ordinary

Purchase

1,446

2.3080 GBP

10 10/11p ordinary

Purchase

1,368

2.3077 GBP

10 10/11p ordinary

Purchase

1,334

2.3240 GBP

10 10/11p ordinary

Purchase

1,277

2.3292 GBP

10 10/11p ordinary

Purchase

1,048

2.3037 GBP

10 10/11p ordinary

Purchase

1,010

2.3450 GBP

10 10/11p ordinary

Purchase

793

2.2765 GBP

10 10/11p ordinary

Purchase

434

2.3193 GBP

ADR

Purchase

400

11.7400 USD

10 10/11p ordinary

Purchase

387

2.2889 GBP

10 10/11p ordinary

Purchase

315

2.2660 GBP

10 10/11p ordinary

Purchase

153

2.2680 GBP

10 10/11p ordinary

Sale

1,465,942

2.3438 GBP

10 10/11p ordinary

Sale

391,019

2.3162 GBP

10 10/11p ordinary

Sale

263,810

2.3080 GBP

10 10/11p ordinary

Sale

260,252

2.3000 GBP

10 10/11p ordinary

Sale

231,709

2.3015 GBP

10 10/11p ordinary

Sale

184,924

2.3110 GBP

10 10/11p ordinary

Sale

180,320

2.3120 GBP

10 10/11p ordinary

Sale

175,136

2.2901 GBP

10 10/11p ordinary

Sale

163,038

2.2948 GBP

10 10/11p ordinary

Sale

131,563

2.3094 GBP

10 10/11p ordinary

Sale

125,912

2.3023 GBP

10 10/11p ordinary

Sale

111,324

2.3223 GBP

10 10/11p ordinary

Sale

104,068

2.2890 GBP

10 10/11p ordinary

Sale

91,065

2.2824 GBP

10 10/11p ordinary

Sale

82,825

2.3076 GBP

10 10/11p ordinary

Sale

76,203

2.3417 GBP

10 10/11p ordinary

Sale

54,915

2.3297 GBP

ADR

Sale

45,296

11.7473 USD

10 10/11p ordinary

Sale

39,185

2.3097 GBP

10 10/11p ordinary

Sale

37,103

2.3053 GBP

10 10/11p ordinary

Sale

37,028

2.3069 GBP

10 10/11p ordinary

Sale

34,832

2.3304 GBP

10 10/11p ordinary

Sale

29,649

2.2872 GBP

10 10/11p ordinary

Sale

29,182

2.3371 GBP

10 10/11p ordinary

Sale

29,031

2.2800 GBP

10 10/11p ordinary

Sale

28,517

2.2821 GBP

10 10/11p ordinary

Sale

25,929

2.3479 GBP

10 10/11p ordinary

Sale

24,866

2.3122 GBP

10 10/11p ordinary

Sale

17,929

2.3192 GBP

10 10/11p ordinary

Sale

17,069

2.3440 GBP

10 10/11p ordinary

Sale

16,656

2.3187 GBP

10 10/11p ordinary

Sale

14,773

2.3077 GBP

10 10/11p ordinary

Sale

14,700

2.2966 GBP

10 10/11p ordinary

Sale

14,484

2.2988 GBP

10 10/11p ordinary

Sale

13,924

2.2928 GBP

10 10/11p ordinary

Sale

12,609

2.2761 GBP

10 10/11p ordinary

Sale

9,395

2.2860 GBP

10 10/11p ordinary

Sale

9,307

2.3087 GBP

10 10/11p ordinary

Sale

8,754

2.2700 GBP

10 10/11p ordinary

Sale

8,232

2.3137 GBP

10 10/11p ordinary

Sale

7,933

2.3062 GBP

10 10/11p ordinary

Sale

7,402

2.3059 GBP

10 10/11p ordinary

Sale

6,544

2.3219 GBP

10 10/11p ordinary

Sale

6,035

2.2720 GBP

10 10/11p ordinary

Sale

4,512

2.2980 GBP

10 10/11p ordinary

Sale

3,250

2.2760 GBP

10 10/11p ordinary

Sale

2,759

2.3140 GBP

10 10/11p ordinary

Sale

1,844

2.3040 GBP

10 10/11p ordinary

Sale

1,725

2.2709 GBP

10 10/11p ordinary

Sale

1,526

2.2740 GBP

10 10/11p ordinary

Sale

1,359

2.3480 GBP

10 10/11p ordinary

Sale

1,334

2.3240 GBP

10 10/11p ordinary

Sale

1,242

2.3460 GBP

10 10/11p ordinary

Sale

1,000

2.3247 GBP

10 10/11p ordinary

Sale

913

2.3291 GBP

ADR

Sale

400

11.7400 USD

10 10/11p ordinary

Sale

399

2.2759 GBP

10 10/11p ordinary

Sale

315

2.2660 GBP

10 10/11p ordinary

Sale

153

2.2680 GBP

10 10/11p ordinary

Sale

115

2.3320 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

1,725

2.2709 GBP

10 10/11p ordinary

SWAP

Decreasing Short

23,256

2.2759 GBP

10 10/11p ordinary

SWAP

Decreasing Short

12,609

2.2761 GBP

10 10/11p ordinary

SWAP

Decreasing Short

24,918

2.2807 GBP

10 10/11p ordinary

SWAP

Decreasing Short

104,068

2.2890 GBP

10 10/11p ordinary

SWAP

Decreasing Short

9,200

2.2902 GBP

10 10/11p ordinary

SWAP

Decreasing Short

34,160

2.2927 GBP

10 10/11p ordinary

SWAP

Decreasing Short

68,204

2.2984 GBP

10 10/11p ordinary

SWAP

Decreasing Short

231,709

2.3015 GBP

10 10/11p ordinary

SWAP

Decreasing Short

142,089

2.3016 GBP

10 10/11p ordinary

SWAP

Decreasing Short

125,912

2.3023 GBP

10 10/11p ordinary

SWAP

Decreasing Short

37,970

2.3041 GBP

10 10/11p ordinary

SWAP

Decreasing Short

42,297

2.3050 GBP

10 10/11p ordinary

SWAP

Decreasing Short

7,933

2.3062 GBP

10 10/11p ordinary

SWAP

Decreasing Short

5,660

2.3075 GBP

10 10/11p ordinary

SWAP

Decreasing Short

39,185

2.3097 GBP

10 10/11p ordinary

SWAP

Decreasing Short

24,866

2.3122 GBP

10 10/11p ordinary

SWAP

Decreasing Short

16,656

2.3187 GBP

10 10/11p ordinary

SWAP

Decreasing Short

181,109

2.3236 GBP

10 10/11p ordinary

SWAP

Decreasing Short

102,124

2.3252 GBP

10 10/11p ordinary

SWAP

Decreasing Short

112,505

2.3261 GBP

10 10/11p ordinary

SWAP

Decreasing Short

913

2.3291 GBP

10 10/11p ordinary

SWAP

Decreasing Short

32,270

2.3299 GBP

10 10/11p ordinary

SWAP

Decreasing Short

63

2.3319 GBP

10 10/11p ordinary

SWAP

Decreasing Short

29,182

2.3371 GBP

10 10/11p ordinary

SWAP

Decreasing Short

76,203

2.3417 GBP

10 10/11p ordinary

SWAP

Decreasing Short

15,033

2.3440 GBP

10 10/11p ordinary

SWAP

Decreasing Short

17,901

2.3458 GBP

10 10/11p ordinary

SWAP

Decreasing Short

2,876

2.3478 GBP

10 10/11p ordinary

SWAP

Decreasing Short

25,929

2.3479 GBP

10 10/11p ordinary

SWAP

Decreasing Short

884,761

2.3480 GBP

10 10/11p ordinary

SWAP

Increasing Short

2,081

2.2758 GBP

10 10/11p ordinary

SWAP

Increasing Short

2,985

2.2760 GBP

10 10/11p ordinary

SWAP

Increasing Short

793

2.2765 GBP

10 10/11p ordinary

SWAP

Increasing Short

2,459

2.2788 GBP

10 10/11p ordinary

SWAP

Increasing Short

1

2.2860 GBP

10 10/11p ordinary

SWAP

Increasing Short

120,286

2.2970 GBP

10 10/11p ordinary

SWAP

Increasing Short

31,000

2.3019 GBP

10 10/11p ordinary

SWAP

Increasing Short

25,793

2.3060 GBP

10 10/11p ordinary

SWAP

Increasing Short

20,402

2.3084 GBP

10 10/11p ordinary

SWAP

Increasing Short

2,525

2.3095 GBP

10 10/11p ordinary

SWAP

Increasing Short

5,259

2.3114 GBP

10 10/11p ordinary

SWAP

Increasing Short

94,733

2.3116 GBP

10 10/11p ordinary

SWAP

Increasing Short

7,272

2.3159 GBP

10 10/11p ordinary

SWAP

Increasing Short

1,600

2.3162 GBP

10 10/11p ordinary

SWAP

Increasing Short

434

2.3193 GBP

10 10/11p ordinary

SWAP

Increasing Short

557

2.3267 GBP

10 10/11p ordinary

SWAP

Increasing Short

2,309

2.3291 GBP

10 10/11p ordinary

SWAP

Increasing Short

552

2.3294 GBP

10 10/11p ordinary

SWAP

Increasing Short

93,546

2.3333 GBP

10 10/11p ordinary

SWAP

Increasing Short

56,442

2.3480 GBP

10 10/11p ordinary

SWAP

Increasing Short

111,807

2.3145 GBP

10 10/11p ordinary

CFD

Decreasing Short

27,243

2.3101 GBP

10 10/11p ordinary

CFD

Decreasing Short

139,278

2.3190 GBP

10 10/11p ordinary

CFD

Decreasing Short

6,544

2.3219 GBP

10 10/11p ordinary

CFD

Decreasing Short

23,660

2.3280 GBP

10 10/11p ordinary

CFD

Decreasing Short

16,586

2.3292 GBP

10 10/11p ordinary

CFD

Decreasing Short

26,871

2.3302 GBP

10 10/11p ordinary

CFD

Increasing Short

5,395

2.2860 GBP

10 10/11p ordinary

CFD

Increasing Short

35,612

2.2987 GBP

10 10/11p ordinary

CFD

Increasing Short

224

2.3181 GBP

10 10/11p ordinary

CFD

Increasing Short

2,034

2.3479 GBP

10 10/11p ordinary

CFD

Increasing Short

1,281,307

2.3480 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