Form 8.3 - DIRECT LINE INSURANCE GROUP PLC

Barclays PLC

23 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:			22 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:				13,410,852	1.02%	11,585,776	0.88%
(2) Cash-settled derivatives:				12,269,463	0.94%	13,273,347	1.01%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				25,680,315	1.96%	24,859,123	1.90%
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	1,003,826	2.6677  GBP
10 10/11p ordinary	Purchase	733,807	2.6752  GBP
10 10/11p ordinary	Purchase	536,749	2.6739  GBP
10 10/11p ordinary	Purchase	336,023	2.6690  GBP
10 10/11p ordinary	Purchase	152,177	2.6693  GBP
10 10/11p ordinary	Purchase	140,616	2.6727  GBP
10 10/11p ordinary	Purchase	96,850	2.6702  GBP
10 10/11p ordinary	Purchase	51,639	2.6732  GBP
10 10/11p ordinary	Purchase	47,072	2.6718  GBP
10 10/11p ordinary	Purchase	43,089	2.6756  GBP
10 10/11p ordinary	Purchase	41,194	2.6680  GBP
10 10/11p ordinary	Purchase	36,629	2.6706  GBP
10 10/11p ordinary	Purchase	33,240	2.6710  GBP
10 10/11p ordinary	Purchase	31,548	2.6683  GBP
10 10/11p ordinary	Purchase	30,569	2.6599  GBP
10 10/11p ordinary	Purchase	25,104	2.6700  GBP
10 10/11p ordinary	Purchase	24,175	2.6722  GBP
10 10/11p ordinary	Purchase	23,343	2.6694  GBP
10 10/11p ordinary	Purchase	23,194	2.6724  GBP
10 10/11p ordinary	Purchase	15,485	2.6725  GBP
10 10/11p ordinary	Purchase	15,135	2.6697  GBP
10 10/11p ordinary	Purchase	14,601	2.6622  GBP
10 10/11p ordinary	Purchase	11,155	2.6719  GBP
10 10/11p ordinary	Purchase	10,182	2.6698  GBP
ADR	Purchase	10,000	12.7800  USD
10 10/11p ordinary	Purchase	7,331	2.6627  GBP
10 10/11p ordinary	Purchase	6,120	2.6632  GBP
10 10/11p ordinary	Purchase	3,275	2.6708  GBP
10 10/11p ordinary	Purchase	2,158	2.6734  GBP
10 10/11p ordinary	Purchase	2,074	2.6685  GBP
10 10/11p ordinary	Purchase	1,158	2.6780  GBP
10 10/11p ordinary	Purchase	1,098	2.6740  GBP
10 10/11p ordinary	Purchase	516	2.6560  GBP
10 10/11p ordinary	Purchase	83	2.6640  GBP
10 10/11p ordinary	Sale	277,332	2.6700  GBP
10 10/11p ordinary	Sale	60,989	2.6686  GBP
10 10/11p ordinary	Sale	58,166	2.6675  GBP
10 10/11p ordinary	Sale	55,850	2.6688  GBP
10 10/11p ordinary	Sale	13,980	2.6736  GBP
10 10/11p ordinary	Sale	11,861	2.6671  GBP
10 10/11p ordinary	Sale	10,387	2.6698  GBP
10 10/11p ordinary	Sale	7,031	2.6664  GBP
10 10/11p ordinary	Sale	4,878	2.6680  GBP
10 10/11p ordinary	Sale	3,318	2.6717  GBP
10 10/11p ordinary	Sale	3,275	2.6711  GBP
10 10/11p ordinary	Sale	3,153	2.6705  GBP
10 10/11p ordinary	Sale	2,455	2.6693  GBP
10 10/11p ordinary	Sale	2,119	2.6575  GBP
10 10/11p ordinary	Sale	1,627	2.6719  GBP
10 10/11p ordinary	Sale	1,098	2.6742  GBP
10 10/11p ordinary	Sale	1,032	2.6560  GBP
10 10/11p ordinary	Sale	261	2.6739  GBP
10 10/11p ordinary	Sale	83	2.6640  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	36,210	2.6703  GBP
10 10/11p ordinary	SWAP	Increasing Long	1	2.6180  GBP
10 10/11p ordinary	SWAP	Increasing Long	60,989	2.6686  GBP
10 10/11p ordinary	SWAP	Increasing Long	2,455	2.6693  GBP
10 10/11p ordinary	SWAP	Increasing Long	33,533	2.6695  GBP
10 10/11p ordinary	SWAP	Increasing Long	63,359	2.6697  GBP
10 10/11p ordinary	SWAP	Increasing Long	9,300	2.6710  GBP
10 10/11p ordinary	SWAP	Increasing Long	1,627	2.6719  GBP
10 10/11p ordinary	SWAP	Increasing Long	261	2.6739  GBP
10 10/11p ordinary	SWAP	Decreasing Long	336,023	2.6690  GBP
10 10/11p ordinary	SWAP	Decreasing Long	46,885	2.6695  GBP
10 10/11p ordinary	SWAP	Decreasing Long	74,646	2.6700  GBP
10 10/11p ordinary	SWAP	Decreasing Long	21,116	2.6703  GBP
10 10/11p ordinary	SWAP	Decreasing Long	32,066	2.6705  GBP
10 10/11p ordinary	SWAP	Decreasing Long	22,500	2.6706  GBP
10 10/11p ordinary	SWAP	Decreasing Long	3,863	2.6709  GBP
10 10/11p ordinary	SWAP	Decreasing Long	11,155	2.6719  GBP
10 10/11p ordinary	SWAP	Decreasing Long	75,550	2.6723  GBP
10 10/11p ordinary	SWAP	Decreasing Long	23,194	2.6724  GBP
10 10/11p ordinary	SWAP	Decreasing Long	3,446	2.6725  GBP
10 10/11p ordinary	SWAP	Decreasing Long	196,222	2.6727  GBP
10 10/11p ordinary	SWAP	Decreasing Long	504,683	2.6741  GBP
10 10/11p ordinary	SWAP	Decreasing Long	43,089	2.6756  GBP
10 10/11p ordinary	CFD	Increasing Short	2,074	2.6685  GBP
10 10/11p ordinary	CFD	Increasing Short	1,733,807	2.6708  GBP
10 10/11p ordinary	CFD	Increasing Short	40,000	2.7062  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:				23 Jan 2025
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

END