Form 8.3 - Direct Line Insurance Group plc

Barclays PLC

07 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:				06 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:			17,017,239	1.30%	16,379,174	1.25%
(2)	Cash-settled derivatives:
	and/or controlled:			6,376,278	0.49%	15,474,188	1.18%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%
	TOTAL:			23,393,517	1.78%	31,853,362	2.43%
(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		646,926		2.1630  GBP
Ordinary 10 10/11p		Purchase		615,000		2.1700  GBP
Ordinary 10 10/11p		Purchase		591,661		2.1756  GBP
Ordinary 10 10/11p		Purchase		257,301		2.1840  GBP
Ordinary 10 10/11p		Purchase		200,000		2.1640  GBP
Ordinary 10 10/11p		Purchase		166,477		2.1687  GBP
Ordinary 10 10/11p		Purchase		51,034		2.1770  GBP
Ordinary 10 10/11p		Purchase		48,457		2.1790  GBP
Ordinary 10 10/11p		Purchase		34,041		2.1817  GBP
Ordinary 10 10/11p		Purchase		30,651		2.1655  GBP
Ordinary 10 10/11p		Purchase		30,110		2.1656  GBP
Ordinary 10 10/11p		Purchase		23,562		2.1661  GBP
Ordinary 10 10/11p		Purchase		22,338		2.1680  GBP
Ordinary 10 10/11p		Purchase		9,473		2.1636  GBP
Ordinary 10 10/11p		Purchase		5,535		2.1420  GBP
Ordinary 10 10/11p		Purchase		3,964		2.1704  GBP
Ordinary 10 10/11p		Purchase		2,265		2.1610  GBP
Ordinary 10 10/11p		Purchase		2,147		2.1800  GBP
Ordinary 10 10/11p		Purchase		1,500		2.1931  GBP
Ordinary 10 10/11p		Purchase		1,276		2.1670  GBP
Ordinary 10 10/11p		Purchase		1,170		2.1850  GBP
Ordinary 10 10/11p		Purchase		1,139		2.1766  GBP
Ordinary 10 10/11p		Purchase		858		2.1628  GBP
Ordinary 10 10/11p		Purchase		543		2.1825  GBP
Ordinary 10 10/11p		Purchase		337		2.1625  GBP
Ordinary 10 10/11p		Purchase		232		2.1763  GBP
Ordinary 10 10/11p		Purchase		202		2.1789  GBP
Ordinary 10 10/11p		Sale		915,000		2.1690  GBP
Ordinary 10 10/11p		Sale		591,661		2.1756  GBP
Ordinary 10 10/11p		Sale		310,398		2.1636  GBP
Ordinary 10 10/11p		Sale		287,822		2.1630  GBP
Ordinary 10 10/11p		Sale		273,341		2.1761  GBP
Ordinary 10 10/11p		Sale		257,301		2.1842  GBP
Ordinary 10 10/11p		Sale		200,000		2.1642  GBP
Ordinary 10 10/11p		Sale		160,129		2.1797  GBP
Ordinary 10 10/11p		Sale		108,805		2.1789  GBP
Ordinary 10 10/11p		Sale		90,434		2.1736  GBP
Ordinary 10 10/11p		Sale		88,593		2.1629  GBP
Ordinary 10 10/11p		Sale		69,733		2.1729  GBP
Ordinary 10 10/11p		Sale		65,250		2.1787  GBP
Ordinary 10 10/11p		Sale		59,750		2.1618  GBP
Ordinary 10 10/11p		Sale		53,127		2.1626  GBP
Ordinary 10 10/11p		Sale		47,282		2.1790  GBP
Ordinary 10 10/11p		Sale		46,621		2.1720  GBP
Ordinary 10 10/11p		Sale		44,500		2.1700  GBP
Ordinary 10 10/11p		Sale		44,057		2.1834  GBP
Ordinary 10 10/11p		Sale		43,673		2.1734  GBP
Ordinary 10 10/11p		Sale		34,246		2.1820  GBP
Ordinary 10 10/11p		Sale		31,302		2.1866  GBP
Ordinary 10 10/11p		Sale		29,648		2.1628  GBP
Ordinary 10 10/11p		Sale		28,588		2.1683  GBP
Ordinary 10 10/11p		Sale		25,350		2.1813  GBP
Ordinary 10 10/11p		Sale		24,364		2.1732  GBP
Ordinary 10 10/11p		Sale		14,006		2.1770  GBP
Ordinary 10 10/11p		Sale		13,621		2.1867  GBP
Ordinary 10 10/11p		Sale		12,276		2.1811  GBP
Ordinary 10 10/11p		Sale		11,614		2.1900  GBP
Ordinary 10 10/11p		Sale		10,904		2.1865  GBP
Ordinary 10 10/11p		Sale		8,512		2.1707  GBP
Ordinary 10 10/11p		Sale		8,478		2.1891  GBP
Ordinary 10 10/11p		Sale		8,208		2.1779  GBP
Ordinary 10 10/11p		Sale		6,776		2.1762  GBP
Ordinary 10 10/11p		Sale		5,535		2.1420  GBP
Ordinary 10 10/11p		Sale		4,985		2.1807  GBP
Ordinary 10 10/11p		Sale		4,596		2.1835  GBP
Ordinary 10 10/11p		Sale		4,534		2.1772  GBP
Ordinary 10 10/11p		Sale		3,703		2.1930  GBP
Ordinary 10 10/11p		Sale		3,613		2.1760  GBP
Ordinary 10 10/11p		Sale		3,042		2.1676  GBP
Ordinary 10 10/11p		Sale		2,348		2.1673  GBP
Ordinary 10 10/11p		Sale		2,265		2.1612  GBP
Ordinary 10 10/11p		Sale		1,458		2.1815  GBP
Ordinary 10 10/11p		Sale		1,337		2.1713  GBP
Ordinary 10 10/11p		Sale		975		2.1757  GBP
Ordinary 10 10/11p		Sale		950		2.1830  GBP
Ordinary 10 10/11p		Sale		650		2.1800  GBP
Ordinary 10 10/11p		Sale		95		2.1822  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		501	2.1420  GBP
Ordinary 10 10/11p		SWAP		Decreasing Long		543	2.1825  GBP
Ordinary 10 10/11p		SWAP		Decreasing Long		1,506	2.1765  GBP
Ordinary 10 10/11p		SWAP		Decreasing Long		9,473	2.1636  GBP
Ordinary 10 10/11p		SWAP		Decreasing Long		56,563	2.1627  GBP
Ordinary 10 10/11p		SWAP		Decreasing Long		104,890	2.1733  GBP
Ordinary 10 10/11p		CFD		Decreasing Short		1,941	2.1678  GBP
Ordinary 10 10/11p		CFD		Decreasing Short		2,127	2.1899  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		2,348	2.1673  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		4,596	2.1835  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		7,191	2.1827  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		8,208	2.1779  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		10,904	2.1865  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		12,276	2.1811  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		14,162	2.1680  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		14,938	2.1661  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		19,526	2.1763  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		25,350	2.1813  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		29,648	2.1628  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		34,246	2.1820  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		44,057	2.1834  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		44,500	2.1700  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		47,080	2.1787  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		50,000	2.1898  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		59,750	2.1618  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		69,733	2.1729  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		88,593	2.1629  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		92,900	2.1768  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		108,805	2.1789  GBP
Ordinary 10 10/11p		SWAP		Decreasing Short		136,995	2.1753  GBP
Ordinary 10 10/11p		CFD		Decreasing Short		287,822	2.1630  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		588	2.1670  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		646	2.1669  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		3,202	2.1772  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		3,245	2.1756  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		4,086	2.1715  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		9,334	2.1771  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		19,565	2.1696  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		53,127	2.1625  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		65,250	2.1787  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		103,931	2.1630  GBP
Ordinary 10 10/11p		SWAP		Increasing Long		160,129	2.1797  GBP
Ordinary 10 10/11p		SWAP		Increasing Short		1,139	2.1766  GBP
Ordinary 10 10/11p		SWAP		Increasing Short		1,500	2.1931  GBP
Ordinary 10 10/11p		CFD		Increasing Short		5,535	2.1420  GBP
Ordinary 10 10/11p		SWAP		Increasing Short		10,000	2.1632  GBP
Ordinary 10 10/11p		CFD		Increasing Short		174,252	2.1630  GBP
Ordinary 10 10/11p		SWAP		Opening Short		13,165	2.1698  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:				07 Mar 2024
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

END