Form 8.3 - Direct Line Insurance Group plc

Barclays PLC

14 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:				13 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:			15,289,249	1.17%	16,785,448	1.28%
(2)	Cash-settled derivatives:
	and/or controlled:			7,184,388	0.55%	13,254,699	1.01%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%
	TOTAL:			22,473,637	1.71%	30,040,147	2.29%
(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		1,583,044		2.1600  GBP
Ordinary 10 10/11p		Purchase		696,696		2.1451  GBP
Ordinary 10 10/11p		Purchase		257,773		2.1639  GBP
Ordinary 10 10/11p		Purchase		179,196		2.1546  GBP
Ordinary 10 10/11p		Purchase		102,000		2.1479  GBP
Ordinary 10 10/11p		Purchase		85,756		2.1534  GBP
Ordinary 10 10/11p		Purchase		68,214		2.1344  GBP
Ordinary 10 10/11p		Purchase		63,904		2.0915  GBP
Ordinary 10 10/11p		Purchase		53,501		2.2066  GBP
Ordinary 10 10/11p		Purchase		50,000		2.2090  GBP
Ordinary 10 10/11p		Purchase		45,808		2.1170  GBP
Ordinary 10 10/11p		Purchase		39,047		2.1799  GBP
Ordinary 10 10/11p		Purchase		38,100		2.1329  GBP
Ordinary 10 10/11p		Purchase		27,837		2.1576  GBP
Ordinary 10 10/11p		Purchase		27,563		2.2055  GBP
Ordinary 10 10/11p		Purchase		25,697		2.1400  GBP
Ordinary 10 10/11p		Purchase		23,436		2.1163  GBP
Ordinary 10 10/11p		Purchase		22,208		2.1204  GBP
Ordinary 10 10/11p		Purchase		19,794		2.1598  GBP
Ordinary 10 10/11p		Purchase		16,707		2.1064  GBP
Ordinary 10 10/11p		Purchase		15,302		2.1393  GBP
Ordinary 10 10/11p		Purchase		11,282		2.1665  GBP
Ordinary 10 10/11p		Purchase		10,000		2.2980  GBP
Ordinary 10 10/11p		Purchase		9,500		2.1672  GBP
Ordinary 10 10/11p		Purchase		9,475		2.1099  GBP
Ordinary 10 10/11p		Purchase		9,469		2.1723  GBP
Ordinary 10 10/11p		Purchase		8,500		2.2720  GBP
Ordinary 10 10/11p		Purchase		7,373		2.1511  GBP
Ordinary 10 10/11p		Purchase		6,596		2.1322  GBP
Ordinary 10 10/11p		Purchase		6,367		2.0771  GBP
Ordinary 10 10/11p		Purchase		5,979		2.1169  GBP
Ordinary 10 10/11p		Purchase		5,102		2.2100  GBP
Ordinary 10 10/11p		Purchase		4,729		2.0780  GBP
Ordinary 10 10/11p		Purchase		4,552		2.1596  GBP
Ordinary 10 10/11p		Purchase		4,500		2.1347  GBP
Ordinary 10 10/11p		Purchase		3,954		2.1271  GBP
Ordinary 10 10/11p		Purchase		2,927		2.1142  GBP
Ordinary 10 10/11p		Purchase		2,534		2.2612  GBP
Ordinary 10 10/11p		Purchase		2,489		2.1898  GBP
Ordinary 10 10/11p		Purchase		1,573		2.2144  GBP
Ordinary 10 10/11p		Purchase		1,443		2.1067  GBP
Ordinary 10 10/11p		Purchase		1,386		2.1070  GBP
Ordinary 10 10/11p		Purchase		1,348		2.1420  GBP
Ordinary 10 10/11p		Purchase		1,017		2.2600  GBP
Ordinary 10 10/11p		Purchase		400		2.3131  GBP
Ordinary 10 10/11p		Purchase		354		2.1792  GBP
Ordinary 10 10/11p		Purchase		289		2.2500  GBP
Ordinary 10 10/11p		Purchase		117		2.1604  GBP
Ordinary 10 10/11p		Purchase		117		2.1300  GBP
Ordinary 10 10/11p		Purchase		79		2.1340  GBP
Ordinary 10 10/11p		Purchase		46		2.2140  GBP
Ordinary 10 10/11p		Purchase		36		2.1200  GBP
Ordinary 10 10/11p		Purchase		22		2.0880  GBP
Ordinary 10 10/11p		Sale		1,449,034		2.1592  GBP
Ordinary 10 10/11p		Sale		724,850		2.1600  GBP
Ordinary 10 10/11p		Sale		174,792		2.1300  GBP
Ordinary 10 10/11p		Sale		170,000		2.2075  GBP
Ordinary 10 10/11p		Sale		163,077		2.1694  GBP
Ordinary 10 10/11p		Sale		143,858		2.1413  GBP
Ordinary 10 10/11p		Sale		129,174		2.2230  GBP
Ordinary 10 10/11p		Sale		120,120		2.1579  GBP
Ordinary 10 10/11p		Sale		90,856		2.1569  GBP
Ordinary 10 10/11p		Sale		78,344		2.1681  GBP
Ordinary 10 10/11p		Sale		60,008		2.2589  GBP
Ordinary 10 10/11p		Sale		59,487		2.1415  GBP
Ordinary 10 10/11p		Sale		50,507		2.2219  GBP
Ordinary 10 10/11p		Sale		50,000		2.2090  GBP
Ordinary 10 10/11p		Sale		48,117		2.1431  GBP
Ordinary 10 10/11p		Sale		47,773		2.1622  GBP
Ordinary 10 10/11p		Sale		36,595		2.1333  GBP
Ordinary 10 10/11p		Sale		31,016		2.2113  GBP
Ordinary 10 10/11p		Sale		30,573		2.1636  GBP
Ordinary 10 10/11p		Sale		23,871		2.1547  GBP
Ordinary 10 10/11p		Sale		20,977		2.1328  GBP
Ordinary 10 10/11p		Sale		18,585		2.1578  GBP
Ordinary 10 10/11p		Sale		17,051		2.1325  GBP
Ordinary 10 10/11p		Sale		16,746		2.2558  GBP
Ordinary 10 10/11p		Sale		14,083		2.2272  GBP
Ordinary 10 10/11p		Sale		10,000		2.0949  GBP
Ordinary 10 10/11p		Sale		9,637		2.2673  GBP
Ordinary 10 10/11p		Sale		7,057		2.1414  GBP
Ordinary 10 10/11p		Sale		6,456		2.1890  GBP
Ordinary 10 10/11p		Sale		5,634		2.1007  GBP
Ordinary 10 10/11p		Sale		4,729		2.0780  GBP
Ordinary 10 10/11p		Sale		3,851		2.1276  GBP
Ordinary 10 10/11p		Sale		3,543		2.0794  GBP
Ordinary 10 10/11p		Sale		2,696		2.1420  GBP
Ordinary 10 10/11p		Sale		2,534		2.2615  GBP
Ordinary 10 10/11p		Sale		2,305		2.1140  GBP
Ordinary 10 10/11p		Sale		1,840		2.1250  GBP
Ordinary 10 10/11p		Sale		1,834		2.1180  GBP
Ordinary 10 10/11p		Sale		1,692		2.0800  GBP
Ordinary 10 10/11p		Sale		1,573		2.2146  GBP
Ordinary 10 10/11p		Sale		1,525		2.2064  GBP
Ordinary 10 10/11p		Sale		1,505		2.1307  GBP
Ordinary 10 10/11p		Sale		1,481		2.0823  GBP
Ordinary 10 10/11p		Sale		1,278		2.0951  GBP
Ordinary 10 10/11p		Sale		1,235		2.1330  GBP
Ordinary 10 10/11p		Sale		1,157		2.1410  GBP
Ordinary 10 10/11p		Sale		1,154		2.2509  GBP
Ordinary 10 10/11p		Sale		1,017		2.2600  GBP
Ordinary 10 10/11p		Sale		784		2.0993  GBP
Ordinary 10 10/11p		Sale		613		2.0847  GBP
Ordinary 10 10/11p		Sale		423		2.1548  GBP
Ordinary 10 10/11p		Sale		344		2.2530  GBP
Ordinary 10 10/11p		Sale		289		2.2500  GBP
Ordinary 10 10/11p		Sale		79		2.1340  GBP
Ordinary 10 10/11p		Sale		22		2.0880  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		10,000	2.0949  GBP
Ordinary 10 10/11p		SWAP		Decreasing Long		3	2.2900  GBP
Ordinary 10 10/11p		SWAP		Decreasing Long		5,166	2.1588  GBP
Ordinary 10 10/11p		SWAP		Decreasing Long		11,734	2.1655  GBP
Ordinary 10 10/11p		SWAP		Decreasing Long		36,544	2.1111  GBP
Ordinary 10 10/11p		SWAP		Decreasing Long		179,196	2.1546  GBP
Ordinary 10 10/11p		SWAP		Decreasing Long		295,935	2.1618  GBP
Ordinary 10 10/11p		SWAP		Decreasing Long		696,696	2.1451  GBP
Ordinary 10 10/11p		CFD		Decreasing Short		16	2.1562  GBP
Ordinary 10 10/11p		CFD		Decreasing Short		491	2.2548  GBP
Ordinary 10 10/11p		CFD		Decreasing Short		709	2.2535  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		874	2.1548  GBP
Ordinary 10 10/11p		CFD		Decreasing Short		1,950	2.1828  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		5,060	2.1287  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		5,430	2.2370  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		6,956	2.1665  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		15,843	2.1400  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		17,163	2.1576  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		20,977	2.1328  GBP
Ordinary 10 10/11p		CFD		Decreasing Short		30,573	2.1636  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		31,374	2.1343  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		48,992	2.1654  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		50,000	2.2898  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		59,487	2.1415  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		60,008	2.2589  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		126,800	2.1965  GBP
Ordinary 10 10/11p		CFD		Decreasing Short		646,085	2.1600  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		344	2.2530  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		613	2.0847  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		784	2.0993  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		796	2.0780  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		1,278	2.0951  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		1,481	2.0823  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		1,525	2.2064  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		1,692	2.0800  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		2,917	2.1673  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		3,543	2.0794  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		5,634	2.1007  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		9,589	2.1676  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		20,375	2.0970  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		48,117	2.1431  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		148,271	2.1616  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		263,483	2.1600  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		361,022	2.1600  GBP
Ordinary 10 10/11p		SWAP		Increasing Short		112	2.0780  GBP
Ordinary 10 10/11p		SWAP		Increasing Short		387	2.1284  GBP
Ordinary 10 10/11p		SWAP		Increasing Short		3,182	2.1315  GBP
Ordinary 10 10/11p		SWAP		Increasing Short		18,105	2.1600  GBP
Ordinary 10 10/11p		SWAP		Increasing Short		22,208	2.1204  GBP
Ordinary 10 10/11p		SWAP		Increasing Short		23,882	2.2173  GBP
Ordinary 10 10/11p		CFD		Increasing Short		27,437	2.1197  GBP
Ordinary 10 10/11p		SWAP		Increasing Short		93,339	2.1001  GBP
Ordinary 10 10/11p		CFD		Increasing Short		153,680	2.1600  GBP
Ordinary 10 10/11p		SWAP		Opening Short		245,201	2.1600  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:				14 Mar 2024
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

END