Form 8.3 - Direct Line Insurance Group plc

Barclays PLC

12 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:				11 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:			15,488,422	1.18%	16,364,855	1.25%
(2)	Cash-settled derivatives:
	and/or controlled:			7,256,293	0.55%	14,014,582	1.07%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%
	TOTAL:			22,744,715	1.73%	30,379,437	2.32%
(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		350,456		2.2250  GBP
Ordinary 10 10/11p		Purchase		22,347		2.2136  GBP
Ordinary 10 10/11p		Purchase		10,639		2.2204  GBP
Ordinary 10 10/11p		Purchase		5,736		2.2201  GBP
Ordinary 10 10/11p		Purchase		3,154		2.2072  GBP
Ordinary 10 10/11p		Purchase		2,567		2.2188  GBP
Ordinary 10 10/11p		Purchase		2,442		2.2141  GBP
Ordinary 10 10/11p		Purchase		1,965		2.2100  GBP
Ordinary 10 10/11p		Purchase		1,488		2.2148  GBP
Ordinary 10 10/11p		Purchase		1,168		2.2330  GBP
Ordinary 10 10/11p		Purchase		982		2.2248  GBP
Ordinary 10 10/11p		Purchase		900		2.2080  GBP
Ordinary 10 10/11p		Purchase		497		2.2190  GBP
Ordinary 10 10/11p		Purchase		364		2.2260  GBP
Ordinary 10 10/11p		Purchase		200		2.2284  GBP
Ordinary 10 10/11p		Sale		350,000		2.2257  GBP
Ordinary 10 10/11p		Sale		94,934		2.2316  GBP
Ordinary 10 10/11p		Sale		79,076		2.2221  GBP
Ordinary 10 10/11p		Sale		67,363		2.2251  GBP
Ordinary 10 10/11p		Sale		66,904		2.2252  GBP
Ordinary 10 10/11p		Sale		59,917		2.2149  GBP
Ordinary 10 10/11p		Sale		56,983		2.2250  GBP
Ordinary 10 10/11p		Sale		39,369		2.2099  GBP
Ordinary 10 10/11p		Sale		37,274		2.2186  GBP
Ordinary 10 10/11p		Sale		24,500		2.2231  GBP
Ordinary 10 10/11p		Sale		24,290		2.2157  GBP
Ordinary 10 10/11p		Sale		23,561		2.2160  GBP
Ordinary 10 10/11p		Sale		21,371		2.2245  GBP
Ordinary 10 10/11p		Sale		14,374		2.2212  GBP
Ordinary 10 10/11p		Sale		8,049		2.2140  GBP
Ordinary 10 10/11p		Sale		6,279		2.2244  GBP
Ordinary 10 10/11p		Sale		3,212		2.2203  GBP
Ordinary 10 10/11p		Sale		2,722		2.2188  GBP
Ordinary 10 10/11p		Sale		2,512		2.2162  GBP
Ordinary 10 10/11p		Sale		2,453		2.2226  GBP
Ordinary 10 10/11p		Sale		2,150		2.2178  GBP
Ordinary 10 10/11p		Sale		507		2.2290  GBP
Ordinary 10 10/11p		Sale		364		2.2262  GBP
Ordinary 10 10/11p		Sale		364		2.2260  GBP
Ordinary 10 10/11p		Sale		315		2.2208  GBP
Ordinary 10 10/11p		Sale		17		2.2243  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		Decreasing Long		184	2.2270  GBP
Ordinary 10 10/11p		SWAP		Decreasing Long		400	2.2262  GBP
Ordinary 10 10/11p		SWAP		Decreasing Long		497	2.2190  GBP
Ordinary 10 10/11p		SWAP		Decreasing Long		1,488	2.2148  GBP
Ordinary 10 10/11p		SWAP		Decreasing Long		22,347	2.2136  GBP
Ordinary 10 10/11p		SWAP		Decreasing Long		36,092	2.2230  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		315	2.2208  GBP
Ordinary 10 10/11p		CFD		Decreasing Short		2,149	2.2250  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		2,512	2.2162  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		3,212	2.2203  GBP
Ordinary 10 10/11p		CFD		Decreasing Short		6,484	2.2229  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		23,561	2.2160  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		24,500	2.2231  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		39,369	2.2099  GBP
Ordinary 10 10/11p		CFD		Decreasing Short		94,934	2.2316  GBP
Ordinary 10 10/11p		CFD		Decreasing Short		350,000	2.2257  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		2,150	2.2178  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		2,369	2.2194  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		2,722	2.2188  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		6,693	2.2193  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		13,762	2.2234  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		21,371	2.2245  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		24,290	2.2157  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		41,259	2.2250  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		59,917	2.2149  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		60,116	2.2169  GBP
Ordinary 10 10/11p		SWAP		Increasing Short		200	2.2111  GBP
Ordinary 10 10/11p		SWAP		Increasing Short		555	2.2347  GBP
Ordinary 10 10/11p		SWAP		Increasing Short		2,323	2.2102  GBP
Ordinary 10 10/11p		SWAP		Increasing Short		2,658	2.2264  GBP
Ordinary 10 10/11p		SWAP		Increasing Short		13,024	2.2250  GBP
Ordinary 10 10/11p		CFD		Increasing Short		117,634	2.2250  GBP
Ordinary 10 10/11p		SWAP		Opening Short		16,257	2.2251  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:				12 Mar 2024
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

END