Form 8.3 - Direct Line Insurance Group plc

Barclays PLC

19 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:				18 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:			15,641,041	1.19%	9,801,745	0.75%
(2)	Cash-settled derivatives:
	and/or controlled:			5,239,624	0.40%	14,059,901	1.07%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%
	TOTAL:			20,880,665	1.59%	23,861,646	1.82%
(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		653,803		2.0941  GBP
Ordinary 10 10/11p		Purchase		425,584		2.0900  GBP
Ordinary 10 10/11p		Purchase		107,127		2.0898  GBP
Ordinary 10 10/11p		Purchase		93,882		2.0904  GBP
Ordinary 10 10/11p		Purchase		90,027		2.0990  GBP
Ordinary 10 10/11p		Purchase		74,352		2.1020  GBP
Ordinary 10 10/11p		Purchase		51,985		2.0981  GBP
Ordinary 10 10/11p		Purchase		41,609		2.1007  GBP
Ordinary 10 10/11p		Purchase		29,889		2.0975  GBP
Ordinary 10 10/11p		Purchase		19,016		2.0970  GBP
Ordinary 10 10/11p		Purchase		17,303		2.1065  GBP
Ordinary 10 10/11p		Purchase		12,000		2.1060  GBP
Ordinary 10 10/11p		Purchase		8,470		2.0976  GBP
Ordinary 10 10/11p		Purchase		6,886		2.0994  GBP
Ordinary 10 10/11p		Purchase		5,473		2.0992  GBP
Ordinary 10 10/11p		Purchase		5,437		2.1036  GBP
Ordinary 10 10/11p		Purchase		4,945		2.0945  GBP
Ordinary 10 10/11p		Purchase		4,444		2.1058  GBP
Ordinary 10 10/11p		Purchase		4,224		2.1010  GBP
Ordinary 10 10/11p		Purchase		3,862		2.0935  GBP
Ordinary 10 10/11p		Purchase		3,096		2.0982  GBP
Ordinary 10 10/11p		Purchase		2,928		2.0972  GBP
Ordinary 10 10/11p		Purchase		2,609		2.0955  GBP
Ordinary 10 10/11p		Purchase		2,506		2.0960  GBP
Ordinary 10 10/11p		Purchase		2,414		2.1038  GBP
Ordinary 10 10/11p		Purchase		2,349		2.1061  GBP
Ordinary 10 10/11p		Purchase		2,092		2.0948  GBP
Ordinary 10 10/11p		Purchase		1,678		2.1040  GBP
Ordinary 10 10/11p		Purchase		1,652		2.1068  GBP
Ordinary 10 10/11p		Purchase		1,420		2.0997  GBP
Ordinary 10 10/11p		Purchase		1,147		2.0980  GBP
Ordinary 10 10/11p		Purchase		551		2.1023  GBP
Ordinary 10 10/11p		Purchase		549		2.1069  GBP
Ordinary 10 10/11p		Purchase		494		2.0950  GBP
Ordinary 10 10/11p		Purchase		325		2.0720  GBP
Ordinary 10 10/11p		Purchase		250		2.0740  GBP
Ordinary 10 10/11p		Purchase		135		2.0901  GBP
Ordinary 10 10/11p		Purchase		21		2.1070  GBP
Ordinary 10 10/11p		Purchase		2		2.0930  GBP
Ordinary 10 10/11p		Sale		389,920		2.0902  GBP
Ordinary 10 10/11p		Sale		230,853		2.0904  GBP
Ordinary 10 10/11p		Sale		125,921		2.0912  GBP
Ordinary 10 10/11p		Sale		103,725		2.0953  GBP
Ordinary 10 10/11p		Sale		61,737		2.0977  GBP
Ordinary 10 10/11p		Sale		40,671		2.1030  GBP
Ordinary 10 10/11p		Sale		38,843		2.1082  GBP
Ordinary 10 10/11p		Sale		38,149		2.0956  GBP
Ordinary 10 10/11p		Sale		27,298		2.0991  GBP
Ordinary 10 10/11p		Sale		24,272		2.1006  GBP
Ordinary 10 10/11p		Sale		23,384		2.1068  GBP
Ordinary 10 10/11p		Sale		19,459		2.0900  GBP
Ordinary 10 10/11p		Sale		18,125		2.0895  GBP
Ordinary 10 10/11p		Sale		12,533		2.1031  GBP
Ordinary 10 10/11p		Sale		12,000		2.0724  GBP
Ordinary 10 10/11p		Sale		8,283		2.1069  GBP
Ordinary 10 10/11p		Sale		6,316		2.1048  GBP
Ordinary 10 10/11p		Sale		4,528		2.1007  GBP
Ordinary 10 10/11p		Sale		4,348		2.0982  GBP
Ordinary 10 10/11p		Sale		4,308		2.0960  GBP
Ordinary 10 10/11p		Sale		3,862		2.0935  GBP
Ordinary 10 10/11p		Sale		3,353		2.0976  GBP
Ordinary 10 10/11p		Sale		3,136		2.0971  GBP
Ordinary 10 10/11p		Sale		2,655		2.0962  GBP
Ordinary 10 10/11p		Sale		2,620		2.0975  GBP
Ordinary 10 10/11p		Sale		2,466		2.1034  GBP
Ordinary 10 10/11p		Sale		2,349		2.1063  GBP
Ordinary 10 10/11p		Sale		1,724		2.0950  GBP
Ordinary 10 10/11p		Sale		1,682		2.0989  GBP
Ordinary 10 10/11p		Sale		1,645		2.1046  GBP
Ordinary 10 10/11p		Sale		1,520		2.0907  GBP
Ordinary 10 10/11p		Sale		1,368		2.0990  GBP
Ordinary 10 10/11p		Sale		661		2.1080  GBP
Ordinary 10 10/11p		Sale		325		2.0720  GBP
Ordinary 10 10/11p		Sale		286		2.1065  GBP
Ordinary 10 10/11p		Sale		167		2.1040  GBP
Ordinary 10 10/11p		Sale		38		2.1090  GBP
Ordinary 10 10/11p		Sale		9		2.1064  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		923	2.0984  GBP
Ordinary 10 10/11p		SWAP		Decreasing Long		2,092	2.0948  GBP
Ordinary 10 10/11p		SWAP		Decreasing Long		2,173	2.0982  GBP
Ordinary 10 10/11p		SWAP		Decreasing Long		2,414	2.1038  GBP
Ordinary 10 10/11p		SWAP		Decreasing Long		2,932	2.1007  GBP
Ordinary 10 10/11p		SWAP		Decreasing Long		4,444	2.1058  GBP
Ordinary 10 10/11p		SWAP		Decreasing Long		7,497	2.1009  GBP
Ordinary 10 10/11p		SWAP		Decreasing Long		15,550	2.1029  GBP
Ordinary 10 10/11p		SWAP		Decreasing Long		41,102	2.1026  GBP
Ordinary 10 10/11p		SWAP		Decreasing Long		235,246	2.1005  GBP
Ordinary 10 10/11p		SWAP		Decreasing Long		432,689	2.0900  GBP
Ordinary 10 10/11p		CFD		Decreasing Short		916	2.0900  GBP
Ordinary 10 10/11p		CFD		Decreasing Short		1,682	2.0989  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		38,149	2.0956  GBP
Ordinary 10 10/11p		CFD		Decreasing Short		38,843	2.1082  GBP
Ordinary 10 10/11p		CFD		Decreasing Short		61,737	2.0977  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		87,100	2.0996  GBP
Ordinary 10 10/11p		CFD		Decreasing Short		93,882	2.0904  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		588,297	2.0830  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		909	2.1016  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		2,466	2.1034  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		2,620	2.0974  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		3,642	2.1015  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		18,125	2.0895  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		23,384	2.1068  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		29,394	2.1030  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		40,183	2.0900  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		588,297	2.0830  GBP
Ordinary 10 10/11p		SWAP		Increasing Short		135	2.0901  GBP
Ordinary 10 10/11p		CFD		Increasing Short		916	2.0900  GBP
Ordinary 10 10/11p		CFD		Increasing Short		17,303	2.1065  GBP
Ordinary 10 10/11p		SWAP		Increasing Short		21,126	2.0973  GBP
Ordinary 10 10/11p		CFD		Increasing Short		41,609	2.1007  GBP
Ordinary 10 10/11p		CFD		Increasing Short		90,022	2.0990  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:				19 Mar 2024
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

END