Form 8.3 - Direct Line Insurance Group plc

Barclays PLC

27 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:			24 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:				13,455,894	1.03%	12,152,905	0.93%
(2) Cash-settled derivatives:				12,909,521	0.98%	13,406,791	1.02%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				26,365,415	2.01%	25,559,696	1.95%
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	214,596	2.6600  GBP
10 10/11p ordinary	Purchase	44,862	2.6590  GBP
10 10/11p ordinary	Purchase	38,132	2.6602  GBP
10 10/11p ordinary	Purchase	11,100	2.6548  GBP
10 10/11p ordinary	Purchase	8,714	2.6594  GBP
10 10/11p ordinary	Purchase	8,645	2.6587  GBP
10 10/11p ordinary	Purchase	6,961	2.6626  GBP
10 10/11p ordinary	Purchase	6,239	2.6627  GBP
10 10/11p ordinary	Purchase	4,602	2.6640  GBP
10 10/11p ordinary	Purchase	4,342	2.6611  GBP
10 10/11p ordinary	Purchase	2,471	2.6580  GBP
10 10/11p ordinary	Purchase	2,018	2.6559  GBP
10 10/11p ordinary	Purchase	1,498	2.6639  GBP
10 10/11p ordinary	Purchase	1,225	2.6620  GBP
10 10/11p ordinary	Purchase	2	2.6710  GBP
10 10/11p ordinary	Purchase	1	2.6760  GBP
10 10/11p ordinary	Sale	164,177	2.6590  GBP
10 10/11p ordinary	Sale	136,876	2.6603  GBP
10 10/11p ordinary	Sale	101,693	2.6599  GBP
10 10/11p ordinary	Sale	60,380	2.6573  GBP
10 10/11p ordinary	Sale	38,324	2.6567  GBP
10 10/11p ordinary	Sale	26,074	2.6595  GBP
10 10/11p ordinary	Sale	23,456	2.6566  GBP
10 10/11p ordinary	Sale	21,531	2.6592  GBP
10 10/11p ordinary	Sale	21,075	2.6598  GBP
10 10/11p ordinary	Sale	10,447	2.6575  GBP
10 10/11p ordinary	Sale	6,247	2.6602  GBP
10 10/11p ordinary	Sale	5,564	2.6600  GBP
10 10/11p ordinary	Sale	3,497	2.6580  GBP
10 10/11p ordinary	Sale	1,498	2.6640  GBP
10 10/11p ordinary	Sale	415	2.6559  GBP
10 10/11p ordinary	Sale	310	2.6560  GBP
10 10/11p ordinary	Sale	183	2.6597  GBP
10 10/11p ordinary	Sale	4	2.6728  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 Short	36,467	2.6598  GBP
10 10/11p ordinary	SWAP	Increasing Long	415	2.6559  GBP
10 10/11p ordinary	SWAP	Increasing Long	38,324	2.6567  GBP
10 10/11p ordinary	SWAP	Increasing Long	30,589	2.6569  GBP
10 10/11p ordinary	SWAP	Increasing Long	45,024	2.6577  GBP
10 10/11p ordinary	SWAP	Increasing Long	48,182	2.6579  GBP
10 10/11p ordinary	SWAP	Increasing Long	3,497	2.6580  GBP
10 10/11p ordinary	SWAP	Increasing Long	75,499	2.6590  GBP
10 10/11p ordinary	SWAP	Increasing Long	28,943	2.6594  GBP
10 10/11p ordinary	SWAP	Increasing Long	183	2.6597  GBP
10 10/11p ordinary	SWAP	Increasing Long	36,050	2.6598  GBP
10 10/11p ordinary	SWAP	Increasing Long	101,693	2.6599  GBP
10 10/11p ordinary	SWAP	Increasing Long	74,290	2.6600  GBP
10 10/11p ordinary	SWAP	Increasing Long	3,373	2.6607  GBP
10 10/11p ordinary	SWAP	Increasing Long	55,518	2.6609  GBP
10 10/11p ordinary	SWAP	Decreasing Long	1,659	2.6586  GBP
10 10/11p ordinary	SWAP	Decreasing Long	89,533	2.6600  GBP
10 10/11p ordinary	SWAP	Decreasing Long	62,233	2.6601  GBP
10 10/11p ordinary	SWAP	Decreasing Long	38,132	2.6602  GBP
10 10/11p ordinary	SWAP	Decreasing Long	29,099	2.6606  GBP
10 10/11p ordinary	SWAP	Decreasing Long	6,239	2.6627  GBP
10 10/11p ordinary	SWAP	Decreasing Long	3,104	2.6640  GBP
10 10/11p ordinary	CFD	Increasing Short	12,194	2.6602  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:				27 Jan 2025
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

END