Form 8.3 - Direct Line Insurance Group Replacement

FORM 8.3 - Amendment to 2a

Replaces form Released at 06/12/2024 14:47 RNS Number : 2038P

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 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:

20,096,398

1.53%

12,501,020

0.95%

(2) Cash-settled derivatives:

13,323,865

1.02%

17,139,003

1.31%

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

0

0.00%

0

0.00%

TOTAL: 

33,420,263

2.55%

29,640,023

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

1,021,310

2.3613 GBP

10 10/11p ordinary

Purchase

283,215

2.3674 GBP

10 10/11p ordinary

Purchase

226,988

2.3655 GBP

10 10/11p ordinary

Purchase

191,713

2.3659 GBP

10 10/11p ordinary

Purchase

181,637

2.3676 GBP

10 10/11p ordinary

Purchase

170,081

2.3595 GBP

10 10/11p ordinary

Purchase

167,754

2.3678 GBP

10 10/11p ordinary

Purchase

166,384

2.3680 GBP

10 10/11p ordinary

Purchase

143,217

2.3697 GBP

10 10/11p ordinary

Purchase

122,452

2.3671 GBP

10 10/11p ordinary

Purchase

108,860

2.3653 GBP

10 10/11p ordinary

Purchase

76,738

2.3799 GBP

10 10/11p ordinary

Purchase

75,405

2.3555 GBP

10 10/11p ordinary

Purchase

44,094

2.3741 GBP

10 10/11p ordinary

Purchase

42,637

2.3649 GBP

10 10/11p ordinary

Purchase

39,475

2.3783 GBP

10 10/11p ordinary

Purchase

38,889

2.3681 GBP

10 10/11p ordinary

Purchase

36,942

2.3600 GBP

10 10/11p ordinary

Purchase

33,798

2.4236 GBP

10 10/11p ordinary

Purchase

29,416

2.3662 GBP

10 10/11p ordinary

Purchase

24,301

2.4351 GBP

10 10/11p ordinary

Purchase

22,871

2.3999 GBP

10 10/11p ordinary

Purchase

21,928

2.3721 GBP

10 10/11p ordinary

Purchase

19,055

2.4011 GBP

10 10/11p ordinary

Purchase

18,689

2.4854 GBP

ADR

Purchase

17,424

12.2735 USD

10 10/11p ordinary

Purchase

15,760

2.3990 GBP

ADR

Purchase

15,680

12.3441 USD

10 10/11p ordinary

Purchase

15,430

2.3695 GBP

10 10/11p ordinary

Purchase

15,111

2.3759 GBP

10 10/11p ordinary

Purchase

15,001

2.3993 GBP

10 10/11p ordinary

Purchase

15,000

2.4540 GBP

10 10/11p ordinary

Purchase

10,146

2.3663 GBP

10 10/11p ordinary

Purchase

8,360

2.3899 GBP

10 10/11p ordinary

Purchase

8,216

2.3628 GBP

10 10/11p ordinary

Purchase

7,717

2.3762 GBP

10 10/11p ordinary

Purchase

7,235

2.4062 GBP

10 10/11p ordinary

Purchase

7,027

2.3780 GBP

10 10/11p ordinary

Purchase

7,000

2.3807 GBP

10 10/11p ordinary

Purchase

6,832

2.3800 GBP

10 10/11p ordinary

Purchase

6,623

2.3719 GBP

10 10/11p ordinary

Purchase

6,528

2.3710 GBP

10 10/11p ordinary

Purchase

6,440

2.3854 GBP

10 10/11p ordinary

Purchase

5,799

2.4820 GBP

10 10/11p ordinary

Purchase

5,720

2.4214 GBP

10 10/11p ordinary

Purchase

5,584

2.3731 GBP

10 10/11p ordinary

Purchase

5,200

2.3944 GBP

10 10/11p ordinary

Purchase

4,920

2.4232 GBP

10 10/11p ordinary

Purchase

4,608

2.3922 GBP

10 10/11p ordinary

Purchase

4,505

2.4415 GBP

10 10/11p ordinary

Purchase

4,393

2.3801 GBP

10 10/11p ordinary

Purchase

4,086

2.4880 GBP

10 10/11p ordinary

Purchase

4,062

2.4440 GBP

10 10/11p ordinary

Purchase

3,991

2.4320 GBP

10 10/11p ordinary

Purchase

3,906

2.3811 GBP

10 10/11p ordinary

Purchase

3,800

2.3861 GBP

10 10/11p ordinary

Purchase

3,336

2.3540 GBP

10 10/11p ordinary

Purchase

3,206

2.3630 GBP

10 10/11p ordinary

Purchase

3,000

2.3640 GBP

10 10/11p ordinary

Purchase

2,557

2.3797 GBP

10 10/11p ordinary

Purchase

2,339

2.3725 GBP

10 10/11p ordinary

Purchase

2,206

2.4300 GBP

10 10/11p ordinary

Purchase

2,178

2.3660 GBP

10 10/11p ordinary

Purchase

1,784

2.4797 GBP

10 10/11p ordinary

Purchase

1,551

2.3808 GBP

10 10/11p ordinary

Purchase

1,543

2.3805 GBP

10 10/11p ordinary

Purchase

1,477

2.3700 GBP

10 10/11p ordinary

Purchase

1,401

2.3720 GBP

10 10/11p ordinary

Purchase

1,396

2.3580 GBP

10 10/11p ordinary

Purchase

1,017

2.3570 GBP

10 10/11p ordinary

Purchase

1,000

2.3737 GBP

10 10/11p ordinary

Purchase

830

2.3740 GBP

10 10/11p ordinary

Purchase

781

2.4400 GBP

10 10/11p ordinary

Purchase

725

2.3840 GBP

10 10/11p ordinary

Purchase

713

2.3747 GBP

10 10/11p ordinary

Purchase

452

2.3601 GBP

10 10/11p ordinary

Sale

1,372,258

2.3718 GBP

10 10/11p ordinary

Sale

999,605

2.3600 GBP

10 10/11p ordinary

Sale

498,334

2.3637 GBP

10 10/11p ordinary

Sale

405,850

2.3977 GBP

10 10/11p ordinary

Sale

109,023

2.3730 GBP

10 10/11p ordinary

Sale

107,111

2.3725 GBP

10 10/11p ordinary

Sale

105,697

2.3690 GBP

10 10/11p ordinary

Sale

95,729

2.3905 GBP

10 10/11p ordinary

Sale

93,915

2.3915 GBP

10 10/11p ordinary

Sale

74,805

2.3685 GBP

10 10/11p ordinary

Sale

67,967

2.3599 GBP

10 10/11p ordinary

Sale

67,700

2.3817 GBP

10 10/11p ordinary

Sale

67,028

2.3653 GBP

10 10/11p ordinary

Sale

39,271

2.3641 GBP

10 10/11p ordinary

Sale

22,590

2.3657 GBP

10 10/11p ordinary

Sale

22,590

2.3565 GBP

10 10/11p ordinary

Sale

19,949

2.3701 GBP

10 10/11p ordinary

Sale

18,217

2.3651 GBP

10 10/11p ordinary

Sale

17,827

2.3884 GBP

ADR

Sale

17,424

12.2735 USD

ADR

Sale

15,680

12.3441 USD

10 10/11p ordinary

Sale

11,547

2.3717 GBP

10 10/11p ordinary

Sale

11,161

2.3606 GBP

10 10/11p ordinary

Sale

10,463

2.3750 GBP

10 10/11p ordinary

Sale

10,387

2.3702 GBP

10 10/11p ordinary

Sale

10,000

2.4342 GBP

10 10/11p ordinary

Sale

9,389

2.3800 GBP

10 10/11p ordinary

Sale

8,598

2.3680 GBP

10 10/11p ordinary

Sale

7,991

2.3796 GBP

10 10/11p ordinary

Sale

6,582

2.3675 GBP

10 10/11p ordinary

Sale

6,560

2.3671 GBP

10 10/11p ordinary

Sale

6,424

2.3780 GBP

10 10/11p ordinary

Sale

5,799

2.4820 GBP

10 10/11p ordinary

Sale

5,209

2.3732 GBP

10 10/11p ordinary

Sale

4,393

2.3803 GBP

10 10/11p ordinary

Sale

4,086

2.4880 GBP

10 10/11p ordinary

Sale

4,062

2.4440 GBP

10 10/11p ordinary

Sale

3,991

2.4320 GBP

10 10/11p ordinary

Sale

3,002

2.3810 GBP

10 10/11p ordinary

Sale

3,000

2.3640 GBP

10 10/11p ordinary

Sale

2,982

2.3573 GBP

10 10/11p ordinary

Sale

2,786

2.3614 GBP

10 10/11p ordinary

Sale

2,178

2.3660 GBP

10 10/11p ordinary

Sale

1,693

2.3802 GBP

10 10/11p ordinary

Sale

1,496

2.3700 GBP

10 10/11p ordinary

Sale

1,473

2.3706 GBP

10 10/11p ordinary

Sale

1,396

2.3580 GBP

10 10/11p ordinary

Sale

1,120

2.4300 GBP

10 10/11p ordinary

Sale

830

2.3740 GBP

10 10/11p ordinary

Sale

609

2.4099 GBP

10 10/11p ordinary

Sale

603

2.3782 GBP

10 10/11p ordinary

Sale

536

2.3520 GBP

10 10/11p ordinary

Sale

470

2.3630 GBP

10 10/11p ordinary

Sale

455

2.3560 GBP

10 10/11p ordinary

Sale

88

2.3812 GBP

10 10/11p ordinary

Sale

21

2.3760 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

2.3460 GBP

10 10/11p ordinary

SWAP

Decreasing Short

455

2.3560 GBP

10 10/11p ordinary

SWAP

Decreasing Short

22,590

2.3565 GBP

10 10/11p ordinary

SWAP

Decreasing Short

2,982

2.3573 GBP

10 10/11p ordinary

SWAP

Decreasing Short

2,841

2.3597 GBP

10 10/11p ordinary

SWAP

Decreasing Short

67,967

2.3599 GBP

10 10/11p ordinary

SWAP

Decreasing Short

11,161

2.3606 GBP

10 10/11p ordinary

SWAP

Decreasing Short

39,271

2.3641 GBP

10 10/11p ordinary

SWAP

Decreasing Short

35,140

2.3649 GBP

10 10/11p ordinary

SWAP

Decreasing Short

22,590

2.3653 GBP

10 10/11p ordinary

SWAP

Decreasing Short

22,590

2.3657 GBP

10 10/11p ordinary

SWAP

Decreasing Short

18,470

2.3688 GBP

10 10/11p ordinary

SWAP

Decreasing Short

56,475

2.3690 GBP

10 10/11p ordinary

SWAP

Decreasing Short

32,700

2.3693 GBP

10 10/11p ordinary

SWAP

Decreasing Short

47

2.3700 GBP

10 10/11p ordinary

SWAP

Decreasing Short

42,540

2.3704 GBP

10 10/11p ordinary

SWAP

Decreasing Short

8,688

2.3714 GBP

10 10/11p ordinary

SWAP

Decreasing Short

98,423

2.3726 GBP

10 10/11p ordinary

SWAP

Decreasing Short

36,941

2.3730 GBP

10 10/11p ordinary

SWAP

Decreasing Short

62,921

2.3752 GBP

10 10/11p ordinary

SWAP

Decreasing Short

15,022

2.3761 GBP

10 10/11p ordinary

SWAP

Decreasing Short

17,617

2.3777 GBP

10 10/11p ordinary

SWAP

Decreasing Short

7,991

2.3796 GBP

10 10/11p ordinary

SWAP

Decreasing Short

88

2.3811 GBP

10 10/11p ordinary

SWAP

Opening Long

93,915

2.3915 GBP

10 10/11p ordinary

SWAP

Increasing Long

35,000

2.3933 GBP

10 10/11p ordinary

SWAP

Increasing Long

405,850

2.3977 GBP

10 10/11p ordinary

SWAP

Increasing Long

609

2.4099 GBP

10 10/11p ordinary

SWAP

Decreasing Long

1,017

2.3570 GBP

10 10/11p ordinary

SWAP

Opening Short

627,208

2.3600 GBP

10 10/11p ordinary

SWAP

Increasing Short

452

2.3601 GBP

10 10/11p ordinary

SWAP

Increasing Short

248,320

2.3602 GBP

10 10/11p ordinary

SWAP

Increasing Short

125,217

2.3611 GBP

10 10/11p ordinary

SWAP

Increasing Short

3,206

2.3630 GBP

10 10/11p ordinary

SWAP

Increasing Short

2,481

2.3673 GBP

10 10/11p ordinary

SWAP

Increasing Short

1,000

2.3737 GBP

10 10/11p ordinary

SWAP

Increasing Short

12,630

2.3776 GBP

10 10/11p ordinary

SWAP

Increasing Short

39,475

2.3783 GBP

10 10/11p ordinary

SWAP

Increasing Short

1,543

2.3805 GBP

10 10/11p ordinary

SWAP

Increasing Short

7,000

2.3807 GBP

10 10/11p ordinary

SWAP

Increasing Short

3,800

2.3861 GBP

10 10/11p ordinary

SWAP

Increasing Short

412

2.3898 GBP

10 10/11p ordinary

SWAP

Increasing Short

291

2.3962 GBP

10 10/11p ordinary

SWAP

Increasing Short

25,000

2.4458 GBP

10 10/11p ordinary

CFD

Decreasing Short

3,614

2.3523 GBP

10 10/11p ordinary

CFD

Decreasing Short

780,409

2.3600 GBP

10 10/11p ordinary

CFD

Decreasing Short

34,882

2.3936 GBP

10 10/11p ordinary

CFD

Decreasing Short

8,643

2.3997 GBP

10 10/11p ordinary

CFD

Decreasing Short

3,807

2.4289 GBP

10 10/11p ordinary

CFD

Increasing Short

33,669

2.3602 GBP

10 10/11p ordinary

CFD

Increasing Short

13,278

2.3614 GBP

10 10/11p ordinary

CFD

Increasing Short

6,372

2.4016 GBP

10 10/11p ordinary

CFD

Increasing Short

4,334

2.4119 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