Form 8.3 - DIRECT LINE INSURANCE GROUP PLC

Barclays PLC

21 January 2025

 

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  relevant securities this form relates:			DIRECT LINE INSURANCE GROUP PLC
(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:			20 Jan 2025
(f)	In addition to the company in 1(c) above, is the discloser making  disclosures in respect of any other party to the offer?			YES:  AVIVA PLC
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:				10 10/11p ordinary
				Interests		Short Positions
				Number	(%)	Number	(%)
(1) Relevant securities owned and/or controlled:				11,593,085	0.88%	12,931,639	0.99%
(2) Cash-settled derivatives:				13,614,128	1.04%	11,441,292	0.87%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				25,207,213	1.92%	24,372,931	1.86%
Class of relevant security:				Restricted Tier 1 Note XS1728036366
				Interests		Short Positions
				Number	(%)	Number	(%)
(1) Relevant securities owned and/or controlled:				200,000	0.06%	0	0.00%
(2) Cash-settled derivatives:				0	0.00%	0	0.00%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				200,000	0.06%	0	0.00%
(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 PERSON MAKING THE DISCLOSURE
(a)	Purchase and sales
Class of relevant  security	Purchase/sale	Number of  securities	Price per unit
10 10/11p ordinary	Purchase	500,000	2.6205  GBP
10 10/11p ordinary	Purchase	106,762	2.6160  GBP
10 10/11p ordinary	Purchase	71,088	2.6180  GBP
10 10/11p ordinary	Purchase	63,545	2.6163  GBP
10 10/11p ordinary	Purchase	19,457	2.6216  GBP
10 10/11p ordinary	Purchase	15,976	2.6175  GBP
10 10/11p ordinary	Purchase	15,680	2.6215  GBP
10 10/11p ordinary	Purchase	9,372	2.6179  GBP
10 10/11p ordinary	Purchase	3,537	2.6182  GBP
10 10/11p ordinary	Purchase	1,934	2.6261  GBP
10 10/11p ordinary	Purchase	1,339	2.6197  GBP
10 10/11p ordinary	Purchase	1,254	2.6260  GBP
10 10/11p ordinary	Purchase	786	2.6200  GBP
10 10/11p ordinary	Purchase	786	2.6199  GBP
10 10/11p ordinary	Purchase	312	2.6221  GBP
10 10/11p ordinary	Purchase	268	2.6239  GBP
10 10/11p ordinary	Purchase	253	2.6223  GBP
10 10/11p ordinary	Purchase	2	2.6170  GBP
10 10/11p ordinary	Sale	1,000,000	2.6178  GBP
10 10/11p ordinary	Sale	118,426	2.6208  GBP
10 10/11p ordinary	Sale	108,074	2.6209  GBP
10 10/11p ordinary	Sale	70,420	2.6160  GBP
10 10/11p ordinary	Sale	53,432	2.6187  GBP
10 10/11p ordinary	Sale	43,877	2.6159  GBP
10 10/11p ordinary	Sale	28,353	2.6182  GBP
10 10/11p ordinary	Sale	28,200	2.6236  GBP
10 10/11p ordinary	Sale	20,269	2.6180  GBP
10 10/11p ordinary	Sale	15,210	2.6173  GBP
10 10/11p ordinary	Sale	12,340	2.6200  GBP
10 10/11p ordinary	Sale	5,564	2.6177  GBP
10 10/11p ordinary	Sale	4,156	2.6186  GBP
10 10/11p ordinary	Sale	3,448	2.6248  GBP
10 10/11p ordinary	Sale	1,847	2.6207  GBP
10 10/11p ordinary	Sale	1,614	2.6199  GBP
10 10/11p ordinary	Sale	1,182	2.6161  GBP
10 10/11p ordinary	Sale	253	2.6226  GBP
(b)	Cash-settled derivative transactions
Class of  relevant  security	Product  description	Nature of dealing	Number of  reference  securities	Price per  unit
10 10/11p ordinary	SWAP	Increasing Long	43,877	2.6159  GBP
10 10/11p ordinary	SWAP	Increasing Long	11,415	2.6160  GBP
10 10/11p ordinary	SWAP	Increasing Long	15,210	2.6173  GBP
10 10/11p ordinary	SWAP	Increasing Long	185	2.6175  GBP
10 10/11p ordinary	SWAP	Increasing Long	1,000,000	2.6178  GBP
10 10/11p ordinary	SWAP	Increasing Long	88,831	2.6185  GBP
10 10/11p ordinary	SWAP	Increasing Long	108,074	2.6209  GBP
10 10/11p ordinary	SWAP	Increasing Long	6,149	2.6211  GBP
10 10/11p ordinary	SWAP	Increasing Long	15,000	2.6216  GBP
10 10/11p ordinary	SWAP	Increasing Long	13,200	2.6258  GBP
10 10/11p ordinary	SWAP	Increasing Long	1,948	2.6280  GBP
10 10/11p ordinary	SWAP	Decreasing Long	26,483	2.6160  GBP
10 10/11p ordinary	SWAP	Decreasing Long	67,794	2.6180  GBP
10 10/11p ordinary	SWAP	Decreasing Long	15,170	2.6189  GBP
10 10/11p ordinary	SWAP	Decreasing Long	1,339	2.6197  GBP
10 10/11p ordinary	SWAP	Decreasing Long	19,457	2.6216  GBP
10 10/11p ordinary	SWAP	Decreasing Long	268	2.6240  GBP
10 10/11p ordinary	SWAP	Decreasing Long	1,934	2.6261  GBP
10 10/11p ordinary	CFD	Decreasing Short	9,927	2.6173  GBP
10 10/11p ordinary	CFD	Increasing Short	500,000	2.6205  GBP
(c)	Stock-settled derivative transactions  (including options)
(i)	Writing, selling, purchasing or varying
Class  of  relevant  security	Product  description	Writing,  purchasing,  selling,  varying etc	Number  of  securities  to which  option  relates	Exercise  price  per unit	Type	Expiry  date	Option  money  paid/  received  per unit
(ii)	Exercising
Class of relevant  security	Product description	Exercising/ exercised against	Number of  securities	Exercise price per  unit
(d)	Other dealings (including subscribing for  new securities)
Class of relevant  security	Nature of Dealings	Details	Price per unit (if  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 person 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:				21 Jan 2025
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

END