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:			23 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:				13,403,155	1.02%	11,833,823	0.90%
(2) Cash-settled derivatives:				12,515,168	0.95%	13,275,358	1.01%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				25,918,323	1.98%	25,109,181	1.91%
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	240,773	2.6696  GBP
10 10/11p ordinary	Purchase	210,584	2.6700  GBP
10 10/11p ordinary	Purchase	110,226	2.6755  GBP
10 10/11p ordinary	Purchase	48,125	2.6753  GBP
10 10/11p ordinary	Purchase	47,800	2.6782  GBP
10 10/11p ordinary	Purchase	20,433	2.6748  GBP
10 10/11p ordinary	Purchase	14,800	2.6737  GBP
10 10/11p ordinary	Purchase	12,583	2.6720  GBP
10 10/11p ordinary	Purchase	10,954	2.6712  GBP
10 10/11p ordinary	Purchase	10,096	2.6728  GBP
10 10/11p ordinary	Purchase	10,009	2.6739  GBP
10 10/11p ordinary	Purchase	8,553	2.6758  GBP
10 10/11p ordinary	Purchase	4,307	2.6735  GBP
10 10/11p ordinary	Purchase	2,690	2.6740  GBP
10 10/11p ordinary	Purchase	2,480	2.6747  GBP
10 10/11p ordinary	Purchase	1,725	2.6733  GBP
ADR	Purchase	400	13.1500  USD
10 10/11p ordinary	Purchase	7	2.6760  GBP
10 10/11p ordinary	Sale	343,199	2.6738  GBP
10 10/11p ordinary	Sale	182,622	2.6736  GBP
10 10/11p ordinary	Sale	146,079	2.6728  GBP
10 10/11p ordinary	Sale	134,266	2.6700  GBP
10 10/11p ordinary	Sale	68,363	2.6731  GBP
10 10/11p ordinary	Sale	64,424	2.6715  GBP
10 10/11p ordinary	Sale	11,578	2.6729  GBP
10 10/11p ordinary	Sale	11,512	2.6702  GBP
10 10/11p ordinary	Sale	8,447	2.6743  GBP
10 10/11p ordinary	Sale	8,323	2.6741  GBP
10 10/11p ordinary	Sale	6,974	2.6750  GBP
10 10/11p ordinary	Sale	6,472	2.6722  GBP
10 10/11p ordinary	Sale	6,326	2.6690  GBP
10 10/11p ordinary	Sale	5,857	2.6732  GBP
10 10/11p ordinary	Sale	2,789	2.6707  GBP
10 10/11p ordinary	Sale	2,448	2.6719  GBP
10 10/11p ordinary	Sale	900	2.6720  GBP
10 10/11p ordinary	Sale	546	2.6740  GBP
10 10/11p ordinary	Sale	435	2.6760  GBP
ADR	Sale	400	13.1500  USD
10 10/11p ordinary	Sale	329	2.6730  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	33,489	2.6726  GBP
10 10/11p ordinary	SWAP	Increasing Long	6,116	2.6580  GBP
10 10/11p ordinary	SWAP	Increasing Long	41,900	2.6705  GBP
10 10/11p ordinary	SWAP	Increasing Long	95,173	2.6724  GBP
10 10/11p ordinary	SWAP	Increasing Long	77,507	2.6725  GBP
10 10/11p ordinary	SWAP	Increasing Long	26,500	2.6729  GBP
10 10/11p ordinary	SWAP	Increasing Long	35,488	2.6734  GBP
10 10/11p ordinary	SWAP	Increasing Long	79,653	2.6736  GBP
10 10/11p ordinary	SWAP	Increasing Long	338,782	2.6738  GBP
10 10/11p ordinary	SWAP	Increasing Long	8,323	2.6741  GBP
10 10/11p ordinary	SWAP	Increasing Long	73,103	2.6743  GBP
10 10/11p ordinary	SWAP	Decreasing Long	227,976	2.6700  GBP
10 10/11p ordinary	SWAP	Decreasing Long	10,096	2.6728  GBP
10 10/11p ordinary	SWAP	Decreasing Long	1,725	2.6733  GBP
10 10/11p ordinary	SWAP	Decreasing Long	35,154	2.6747  GBP
10 10/11p ordinary	SWAP	Decreasing Long	16,437	2.6748  GBP
10 10/11p ordinary	SWAP	Decreasing Long	83,625	2.6758  GBP
10 10/11p ordinary	SWAP	Decreasing Long	95,925	2.6768  GBP
10 10/11p ordinary	SWAP	Decreasing Long	337	2.6780  GBP
10 10/11p ordinary	CFD	Increasing Short	400	2.6701  GBP
10 10/11p ordinary	CFD	Increasing Short	33,687	2.6738  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