Form 8.3 - Direct Line Insurance Group plc

Barclays PLC

11 March 2024

 

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				DIRECT LINE INSURANCE GROUP PLC
	relevant securities this form relates:
(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:				08 Mar 2024
(f)	In addition to the company in 1(c) above, is the discloser making				YES:
	disclosures in respect of any other party to the offer?				AGEAS SA/NV
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:				Ordinary 10 10/11p
				Interests		Short Positions
				Number	(%)	Number	(%)
(1)	Relevant securities owned
	and/or controlled:			15,912,929	1.21%	16,205,423	1.24%
(2)	Cash-settled derivatives:
	and/or controlled:			7,082,652	0.54%	14,408,967	1.10%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%
	TOTAL:			22,995,581	1.75%	30,614,390	2.33%
(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 EXEMPT PRINCIPAL TRADER
(a)	Purchases and sales
Class of relevant		Purchase/sale		Number of		Price per unit
security				securities
Ordinary 10 10/11p		Purchase		860,034		2.2000  GBP
Ordinary 10 10/11p		Purchase		131,762		2.2337  GBP
Ordinary 10 10/11p		Purchase		130,520		2.2443  GBP
Ordinary 10 10/11p		Purchase		84,748		2.2586  GBP
Ordinary 10 10/11p		Purchase		81,274		2.2383  GBP
Ordinary 10 10/11p		Purchase		79,427		2.2404  GBP
Ordinary 10 10/11p		Purchase		61,860		2.2073  GBP
Ordinary 10 10/11p		Purchase		61,133		2.2400  GBP
Ordinary 10 10/11p		Purchase		50,000		2.2318  GBP
Ordinary 10 10/11p		Purchase		35,981		2.2422  GBP
Ordinary 10 10/11p		Purchase		9,860		2.2385  GBP
Ordinary 10 10/11p		Purchase		8,600		2.2387  GBP
Ordinary 10 10/11p		Purchase		5,891		2.2542  GBP
Ordinary 10 10/11p		Purchase		4,537		2.2373  GBP
Ordinary 10 10/11p		Purchase		4,385		2.2610  GBP
Ordinary 10 10/11p		Purchase		3,952		2.2374  GBP
Ordinary 10 10/11p		Purchase		2,734		2.2290  GBP
Ordinary 10 10/11p		Purchase		1,701		2.2062  GBP
Ordinary 10 10/11p		Purchase		1,689		2.2406  GBP
Ordinary 10 10/11p		Purchase		1,635		2.2044  GBP
Ordinary 10 10/11p		Purchase		1,282		2.2423  GBP
Ordinary 10 10/11p		Purchase		1,073		2.2590  GBP
Ordinary 10 10/11p		Purchase		972		2.2398  GBP
Ordinary 10 10/11p		Purchase		370		2.2260  GBP
Ordinary 10 10/11p		Purchase		330		2.2570  GBP
Ordinary 10 10/11p		Purchase		261		2.2370  GBP
Ordinary 10 10/11p		Purchase		199		2.2080  GBP
Ordinary 10 10/11p		Purchase		107		2.2550  GBP
Ordinary 10 10/11p		Purchase		3		2.2680  GBP
Ordinary 10 10/11p		Sale		240,487		2.2396  GBP
Ordinary 10 10/11p		Sale		129,773		2.2239  GBP
Ordinary 10 10/11p		Sale		124,629		2.2343  GBP
Ordinary 10 10/11p		Sale		115,510		2.2279  GBP
Ordinary 10 10/11p		Sale		112,831		2.2481  GBP
Ordinary 10 10/11p		Sale		94,147		2.2399  GBP
Ordinary 10 10/11p		Sale		92,103		2.2344  GBP
Ordinary 10 10/11p		Sale		81,274		2.2383  GBP
Ordinary 10 10/11p		Sale		77,876		2.2401  GBP
Ordinary 10 10/11p		Sale		68,397		2.2445  GBP
Ordinary 10 10/11p		Sale		59,805		2.2493  GBP
Ordinary 10 10/11p		Sale		45,884		2.2526  GBP
Ordinary 10 10/11p		Sale		38,865		2.2471  GBP
Ordinary 10 10/11p		Sale		38,140		2.2138  GBP
Ordinary 10 10/11p		Sale		31,199		2.2230  GBP
Ordinary 10 10/11p		Sale		26,550		2.2400  GBP
Ordinary 10 10/11p		Sale		21,690		2.2560  GBP
Ordinary 10 10/11p		Sale		19,070		2.2312  GBP
Ordinary 10 10/11p		Sale		14,204		2.2476  GBP
Ordinary 10 10/11p		Sale		14,204		2.2585  GBP
Ordinary 10 10/11p		Sale		13,812		2.2382  GBP
Ordinary 10 10/11p		Sale		9,381		2.2554  GBP
Ordinary 10 10/11p		Sale		8,632		2.2059  GBP
Ordinary 10 10/11p		Sale		8,348		2.2598  GBP
Ordinary 10 10/11p		Sale		7,258		2.2592  GBP
Ordinary 10 10/11p		Sale		6,873		2.2536  GBP
Ordinary 10 10/11p		Sale		6,209		2.2593  GBP
Ordinary 10 10/11p		Sale		4,385		2.2610  GBP
Ordinary 10 10/11p		Sale		2,805		2.2368  GBP
Ordinary 10 10/11p		Sale		2,243		2.2615  GBP
Ordinary 10 10/11p		Sale		2,146		2.2590  GBP
Ordinary 10 10/11p		Sale		1,800		2.2310  GBP
Ordinary 10 10/11p		Sale		1,785		2.2135  GBP
Ordinary 10 10/11p		Sale		1,063		2.2082  GBP
Ordinary 10 10/11p		Sale		808		2.2267  GBP
Ordinary 10 10/11p		Sale		670		2.2470  GBP
Ordinary 10 10/11p		Sale		642		2.2145  GBP
Ordinary 10 10/11p		Sale		615		2.2398  GBP
Ordinary 10 10/11p		Sale		374		2.2402  GBP
Ordinary 10 10/11p		Sale		261		2.2370  GBP
Ordinary 10 10/11p		Sale		49		2.2570  GBP
(b)	Cash-settled derivative transactions
Class of		Product		Nature of dealing		Number of	Price per
relevant		description				reference	unit
security						securities
Ordinary 10 10/11p		SWAP		Closing Short		1,119	2.2400  GBP
Ordinary 10 10/11p		SWAP		Closing Short		9,967	2.2398  GBP
Ordinary 10 10/11p		SWAP		Decreasing Long		200	2.2560  GBP
Ordinary 10 10/11p		SWAP		Decreasing Long		330	2.2570  GBP
Ordinary 10 10/11p		SWAP		Decreasing Long		370	2.2260  GBP
Ordinary 10 10/11p		SWAP		Decreasing Long		888	2.2170  GBP
Ordinary 10 10/11p		SWAP		Decreasing Long		1,971	2.2213  GBP
Ordinary 10 10/11p		SWAP		Decreasing Long		2,459	2.2320  GBP
Ordinary 10 10/11p		SWAP		Decreasing Long		35,981	2.2422  GBP
Ordinary 10 10/11p		SWAP		Decreasing Long		50,831	2.2547  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		66	2.2557  GBP
Ordinary 10 10/11p		CFD		Decreasing Short		102	2.2668  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		214	2.2016  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		341	2.2448  GBP
Ordinary 10 10/11p		CFD		Decreasing Short		531	2.2322  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		615	2.2398  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		864	2.2082  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		1,619	2.2556  GBP
Ordinary 10 10/11p		CFD		Decreasing Short		5,421	2.2400  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		8,348	2.2598  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		8,632	2.2059  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		14,204	2.2476  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		16,504	2.2418  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		19,070	2.2312  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		29,300	2.2213  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		38,140	2.2073  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		38,140	2.2138  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		50,000	2.2599  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		52,252	2.2586  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		81,238	2.2337  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		94,147	2.2399  GBP
Ordinary 10 10/11p		CFD		Decreasing Short		115,510	2.2279  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		808	2.2267  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		1,800	2.2310  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		1,912	2.2333  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		5,642	2.2336  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		59,805	2.2493  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		99,227	2.2400  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		112,831	2.2481  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		133,706	2.2397  GBP
Ordinary 10 10/11p		SWAP		Increasing Short		402	2.2299  GBP
Ordinary 10 10/11p		SWAP		Increasing Short		2,332	2.2289  GBP
Ordinary 10 10/11p		CFD		Increasing Short		62,573	2.2400  GBP
Ordinary 10 10/11p		CFD		Increasing Short		81,274	2.2383  GBP
(c)	Stock-settled derivative transactions (including options)
(i)	Writing, selling, purchasing or varying
Class	Product	Writing,	Number	Exercise	Type	Expiry	Option
of	description	purchasing,	of	price		date	money
relevant		selling,	securities	per unit			paid/
security		varying etc	to which				received
			option				per unit
			relates
(ii)	Exercising
Class of relevant		Product description		Exercising/ exercised against		Number of	Exercise price per
security						securities	unit
(d)	Other dealings (including subscribing for new securities)
Class of relevant		Nature of Dealings		Details		Price per unit (if
security						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 exempt principal trader 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:				11 Mar 2024
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

END