Form 8.3 - Direct Line Insurance Group plc

Barclays PLC

25 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:				22 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:			16,078,178	1.23%	8,522,620	0.65%
(2)	Cash-settled derivatives:
	and/or controlled:			4,140,699	0.32%	14,888,517	1.14%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%
	TOTAL:			20,218,877	1.54%	23,411,137	1.79%
(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		916,687		2.0910  GBP
Ordinary 10 10/11p		Purchase		479,778		2.0900  GBP
Ordinary 10 10/11p		Purchase		170,504		2.0898  GBP
Ordinary 10 10/11p		Purchase		133,995		2.1054  GBP
Ordinary 10 10/11p		Purchase		124,232		2.0913  GBP
Ordinary 10 10/11p		Purchase		107,230		2.1079  GBP
Ordinary 10 10/11p		Purchase		71,850		2.1062  GBP
Ordinary 10 10/11p		Purchase		68,970		2.1080  GBP
Ordinary 10 10/11p		Purchase		44,797		2.1116  GBP
Ordinary 10 10/11p		Purchase		40,000		2.1161  GBP
Ordinary 10 10/11p		Purchase		20,689		2.0968  GBP
Ordinary 10 10/11p		Purchase		15,583		2.1074  GBP
Ordinary 10 10/11p		Purchase		13,342		2.1133  GBP
Ordinary 10 10/11p		Purchase		10,013		2.1100  GBP
Ordinary 10 10/11p		Purchase		8,727		2.1139  GBP
Ordinary 10 10/11p		Purchase		7,778		2.1138  GBP
Ordinary 10 10/11p		Purchase		4,220		2.1066  GBP
Ordinary 10 10/11p		Purchase		4,184		2.1143  GBP
Ordinary 10 10/11p		Purchase		2,972		2.1140  GBP
Ordinary 10 10/11p		Purchase		1,810		2.1280  GBP
Ordinary 10 10/11p		Purchase		1,602		2.1002  GBP
Ordinary 10 10/11p		Purchase		1,493		2.1010  GBP
Ordinary 10 10/11p		Purchase		1,328		2.1130  GBP
Ordinary 10 10/11p		Purchase		1,112		2.0950  GBP
Ordinary 10 10/11p		Purchase		1,037		2.1050  GBP
Ordinary 10 10/11p		Purchase		988		2.1064  GBP
Ordinary 10 10/11p		Purchase		771		2.1118  GBP
Ordinary 10 10/11p		Purchase		679		2.1120  GBP
Ordinary 10 10/11p		Purchase		625		2.1170  GBP
Ordinary 10 10/11p		Purchase		605		2.0903  GBP
Ordinary 10 10/11p		Purchase		321		2.1136  GBP
Ordinary 10 10/11p		Purchase		310		2.0888  GBP
Ordinary 10 10/11p		Purchase		253		2.1101  GBP
Ordinary 10 10/11p		Purchase		172		2.1039  GBP
Ordinary 10 10/11p		Purchase		50		2.1194  GBP
Ordinary 10 10/11p		Purchase		15		2.1110  GBP
Ordinary 10 10/11p		Sale		350,054		2.0908  GBP
Ordinary 10 10/11p		Sale		291,818		2.0899  GBP
Ordinary 10 10/11p		Sale		243,042		2.0900  GBP
Ordinary 10 10/11p		Sale		29,817		2.1112  GBP
Ordinary 10 10/11p		Sale		29,283		2.1012  GBP
Ordinary 10 10/11p		Sale		18,887		2.0895  GBP
Ordinary 10 10/11p		Sale		17,957		2.1151  GBP
Ordinary 10 10/11p		Sale		11,903		2.1084  GBP
Ordinary 10 10/11p		Sale		7,430		2.1184  GBP
Ordinary 10 10/11p		Sale		4,018		2.1046  GBP
Ordinary 10 10/11p		Sale		3,292		2.1094  GBP
Ordinary 10 10/11p		Sale		2,224		2.0950  GBP
Ordinary 10 10/11p		Sale		1,914		2.1099  GBP
Ordinary 10 10/11p		Sale		1,556		2.1110  GBP
Ordinary 10 10/11p		Sale		1,447		2.1280  GBP
Ordinary 10 10/11p		Sale		1,250		2.1030  GBP
Ordinary 10 10/11p		Sale		771		2.1120  GBP
Ordinary 10 10/11p		Sale		636		2.1222  GBP
Ordinary 10 10/11p		Sale		625		2.1172  GBP
Ordinary 10 10/11p		Sale		321		2.1138  GBP
Ordinary 10 10/11p		Sale		209		2.1040  GBP
Ordinary 10 10/11p		Sale		172		2.1041  GBP
Ordinary 10 10/11p		Sale		85		2.1170  GBP
Ordinary 10 10/11p		Sale		50		2.1196  GBP
Ordinary 10 10/11p		Sale		5		2.0888  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 Long		268	2.1096  GBP
Ordinary 10 10/11p		SWAP		Closing Long		753	2.0900  GBP
Ordinary 10 10/11p		SWAP		Closing Long		21,810	2.1132  GBP
Ordinary 10 10/11p		SWAP		Decreasing Long		240	2.1090  GBP
Ordinary 10 10/11p		SWAP		Decreasing Long		1,692	2.1107  GBP
Ordinary 10 10/11p		SWAP		Decreasing Long		4,863	2.1120  GBP
Ordinary 10 10/11p		SWAP		Decreasing Long		7,912	2.1140  GBP
Ordinary 10 10/11p		SWAP		Decreasing Long		8,542	2.1129  GBP
Ordinary 10 10/11p		SWAP		Decreasing Long		68,970	2.1080  GBP
Ordinary 10 10/11p		SWAP		Decreasing Long		107,230	2.1079  GBP
Ordinary 10 10/11p		SWAP		Decreasing Long		154,828	2.0968  GBP
Ordinary 10 10/11p		SWAP		Decreasing Long		767,835	2.0900  GBP
Ordinary 10 10/11p		CFD		Decreasing Short		193	2.1168  GBP
Ordinary 10 10/11p		CFD		Decreasing Short		207	2.1148  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		1,145	2.1024  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		3,004	2.1212  GBP
Ordinary 10 10/11p		CFD		Decreasing Short		3,052	2.1267  GBP
Ordinary 10 10/11p		CFD		Decreasing Short		4,018	2.1046  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		13,808	2.1148  GBP
Ordinary 10 10/11p		CFD		Decreasing Short		47,314	2.1012  GBP
Ordinary 10 10/11p		CFD		Decreasing Short		59,951	2.0900  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		291,818	2.0899  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		67	2.1097  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		3,292	2.1094  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		4,361	2.1112  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		7,430	2.1184  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		18,887	2.0895  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		81,323	2.0902  GBP
Ordinary 10 10/11p		CFD		Increasing Short		719	2.1260  GBP
Ordinary 10 10/11p		SWAP		Increasing Short		14,300	2.1001  GBP
Ordinary 10 10/11p		CFD		Increasing Short		20,469	2.1104  GBP
Ordinary 10 10/11p		SWAP		Increasing Short		24,717	2.1068  GBP
Ordinary 10 10/11p		SWAP		Increasing Short		25,700	2.1250  GBP
Ordinary 10 10/11p		SWAP		Increasing Short		29,030	2.1060  GBP
Ordinary 10 10/11p		SWAP		Increasing Short		34,997	2.1023  GBP
Ordinary 10 10/11p		SWAP		Increasing Short		37,614	2.1069  GBP
Ordinary 10 10/11p		SWAP		Increasing Short		64,700	2.0954  GBP
Ordinary 10 10/11p		SWAP		Increasing Short		70,000	2.1062  GBP
Ordinary 10 10/11p		CFD		Increasing Short		382,208	2.0900  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:				25 Mar 2024
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

END