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Form 8.3 DIRECT LINE INSURANCE GROUP PLC

Published: 21/02/2025, 10:19

RNS Number : 0509Y

Barclays PLC

21 February 2025

FORM 8.3
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:			20 Feb 2025
(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:				18,077,073	1.38%	9,851,660	0.75%
(2) Cash-settled derivatives:				10,557,529	0.81%	17,762,655	1.35%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				28,634,602	2.18%	27,614,315	2.11%
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	1,000,000	2.6467 GBP
10 10/11p ordinary	Purchase	1,000,000	2.6374 GBP
10 10/11p ordinary	Purchase	500,000	2.6385 GBP
10 10/11p ordinary	Purchase	400,000	2.6344 GBP
10 10/11p ordinary	Purchase	300,000	2.6383 GBP
10 10/11p ordinary	Purchase	180,500	2.6303 GBP
10 10/11p ordinary	Purchase	112,617	2.6316 GBP
10 10/11p ordinary	Purchase	63,603	2.6300 GBP
10 10/11p ordinary	Purchase	45,347	2.6329 GBP
10 10/11p ordinary	Purchase	30,874	2.6466 GBP
10 10/11p ordinary	Purchase	22,777	2.6460 GBP
10 10/11p ordinary	Purchase	16,363	2.6348 GBP
10 10/11p ordinary	Purchase	15,755	2.6462 GBP
10 10/11p ordinary	Purchase	6,964	2.6389 GBP
10 10/11p ordinary	Purchase	6,491	2.6487 GBP
10 10/11p ordinary	Purchase	6,272	2.6451 GBP
10 10/11p ordinary	Purchase	5,911	2.6419 GBP
10 10/11p ordinary	Purchase	5,616	2.6534 GBP
10 10/11p ordinary	Purchase	5,264	2.6420 GBP
10 10/11p ordinary	Purchase	4,324	2.6384 GBP
10 10/11p ordinary	Purchase	3,399	2.6479 GBP
10 10/11p ordinary	Purchase	3,095	2.6362 GBP
10 10/11p ordinary	Purchase	1,802	2.6406 GBP
10 10/11p ordinary	Purchase	1,070	2.6546 GBP
10 10/11p ordinary	Purchase	1,034	2.6520 GBP
10 10/11p ordinary	Purchase	112	2.6480 GBP
10 10/11p ordinary	Purchase	36	2.6340 GBP
10 10/11p ordinary	Purchase	2	2.6400 GBP
10 10/11p ordinary	Sale	198,965	2.6346 GBP
10 10/11p ordinary	Sale	142,209	2.6341 GBP
10 10/11p ordinary	Sale	118,765	2.6300 GBP
10 10/11p ordinary	Sale	117,900	2.6363 GBP
10 10/11p ordinary	Sale	97,822	2.6354 GBP
10 10/11p ordinary	Sale	71,826	2.6344 GBP
10 10/11p ordinary	Sale	70,972	2.6461 GBP
10 10/11p ordinary	Sale	46,417	2.6335 GBP
10 10/11p ordinary	Sale	37,824	2.6349 GBP
10 10/11p ordinary	Sale	32,073	2.6299 GBP
10 10/11p ordinary	Sale	25,833	2.6347 GBP
10 10/11p ordinary	Sale	25,733	2.6345 GBP
10 10/11p ordinary	Sale	13,495	2.6470 GBP
10 10/11p ordinary	Sale	4,882	2.6396 GBP
10 10/11p ordinary	Sale	4,578	2.6369 GBP
10 10/11p ordinary	Sale	3,271	2.6380 GBP
10 10/11p ordinary	Sale	2,049	2.6340 GBP
10 10/11p ordinary	Sale	1,997	2.6375 GBP
10 10/11p ordinary	Sale	1,372	2.6440 GBP
10 10/11p ordinary	Sale	1,191	2.6320 GBP
10 10/11p ordinary	Sale	1,034	2.6522 GBP
10 10/11p ordinary	Sale	1,034	2.6520 GBP
10 10/11p ordinary	Sale	474	2.6324 GBP
10 10/11p ordinary	Sale	439	2.6359 GBP
10 10/11p ordinary	Sale	112	2.6480 GBP
10 10/11p ordinary	Sale	83	2.6482 GBP
10 10/11p ordinary	Sale	29	2.6483 GBP
10 10/11p ordinary	Sale	19	2.6350 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	124,329	2.6300 GBP
10 10/11p ordinary	SWAP	Increasing Long	107	2.6339 GBP
10 10/11p ordinary	SWAP	Increasing Long	25	2.6340 GBP
10 10/11p ordinary	SWAP	Increasing Long	197,451	2.6342 GBP
10 10/11p ordinary	SWAP	Increasing Long	17,301	2.6343 GBP
10 10/11p ordinary	SWAP	Increasing Long	127,426	2.6344 GBP
10 10/11p ordinary	SWAP	Increasing Long	191,153	2.6346 GBP
10 10/11p ordinary	SWAP	Increasing Long	77,182	2.6349 GBP
10 10/11p ordinary	SWAP	Increasing Long	12,547	2.6350 GBP
10 10/11p ordinary	SWAP	Increasing Long	62,300	2.6379 GBP
10 10/11p ordinary	SWAP	Increasing Long	3,271	2.6380 GBP
10 10/11p ordinary	SWAP	Increasing Long	16,655	2.6394 GBP
10 10/11p ordinary	SWAP	Increasing Long	6,187	2.6421 GBP
10 10/11p ordinary	SWAP	Decreasing Long	97,773	2.6301 GBP
10 10/11p ordinary	SWAP	Decreasing Long	500	2.6303 GBP
10 10/11p ordinary	SWAP	Decreasing Long	284	2.6340 GBP
10 10/11p ordinary	SWAP	Decreasing Long	32,977	2.6342 GBP
10 10/11p ordinary	SWAP	Decreasing Long	400,000	2.6344 GBP
10 10/11p ordinary	SWAP	Decreasing Long	16,363	2.6348 GBP
10 10/11p ordinary	SWAP	Decreasing Long	15,319	2.6357 GBP
10 10/11p ordinary	SWAP	Decreasing Long	43	2.6360 GBP
10 10/11p ordinary	SWAP	Decreasing Long	3,095	2.6362 GBP
10 10/11p ordinary	SWAP	Decreasing Long	1,680,000	2.6370 GBP
10 10/11p ordinary	SWAP	Decreasing Long	2,185	2.6376 GBP
10 10/11p ordinary	SWAP	Decreasing Long	300,000	2.6383 GBP
10 10/11p ordinary	SWAP	Decreasing Long	822	2.6396 GBP
10 10/11p ordinary	SWAP	Decreasing Long	5,911	2.6419 GBP
10 10/11p ordinary	SWAP	Decreasing Long	5,264	2.6420 GBP
10 10/11p ordinary	SWAP	Decreasing Long	9,357	2.6438 GBP
10 10/11p ordinary	SWAP	Decreasing Long	1,000,000	2.6467 GBP
10 10/11p ordinary	SWAP	Decreasing Long	8,796	2.6478 GBP
10 10/11p ordinary	CFD	Decreasing Short	29,521	2.6370 GBP
10 10/11p ordinary	CFD	Increasing Short	35	2.6542 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:				21 Feb 2025
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

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END

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Form 8.3 DIRECT LINE INSURANCE GROUP PLC