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FORM 8.3
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PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE
BY
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A
PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1%
OR
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MORE
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Rule 8.3 of the Takeover Code
(the "Code")
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1.
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KEY
INFORMATION
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(a)
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Full name of discloser:
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Barclays PLC.
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(b)
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Owner or controller of interest and short
positions disclosed, if different from
1(a):
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(c)
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Name of offeror/offeree in relation to whose
relevant securities this form relates:
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DIRECT LINE INSURANCE GROUP PLC
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(d)
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If
an exempt fund manager connected with an
offeror/offeree, state this and specify identity of
offeror/offeree:
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|
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(e)
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Date position held/dealing undertaken:
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06
Mar 2025
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(f)
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In
addition to the company in 1(c) above, is the discloser making
disclosures in respect of any other party to the
offer?
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YES:
AVIVA PLC
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2.
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POSITIONS OF THE PERSON MAKING THE
DISCLOSURE
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(a)
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Interests and short positions in the relevant securities of
the offeror or offeree
to which the disclosure relates following the dealing(if
any)
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|
Class of relevant security:
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10
10/11p ordinary
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|
|
Interests
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Short
Positions
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|
Number
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(%)
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Number
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(%)
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|
(1)
Relevant securities owned and/or controlled:
|
22,778,383
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1.74%
|
12,282,948
|
0.94%
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|
(2)
Cash-settled derivatives:
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11,373,178
|
0.87%
|
21,970,853
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1.68%
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|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
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|
TOTAL:
|
34,151,561
|
2.60%
|
34,253,801
|
2.61%
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Class of relevant security:
|
Restricted Tier 1 Note XS1728036366
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|
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Interests
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Short
Positions
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Number
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(%)
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Number
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(%)
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(1)
Relevant securities owned and/or controlled:
|
200,000
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0.06%
|
0
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0.00%
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|
(2)
Cash-settled derivatives:
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0
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0.00%
|
0
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0.00%
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|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
|
TOTAL:
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200,000
|
0.06%
|
0
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0.00%
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(b)
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Rights to subscribe for new securities (including directors
and
other executive options)
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|
Class of relevant security in relation to
which subscription right exists
|
|
|
Details, including nature of the rights
concerned and relevant percentages:
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3.
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DEALINGS (IF ANY) BY THE PERSON MAKING THE
DISCLOSURE
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(a)
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Purchase and sales
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Class of relevant
security
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Purchase/sale
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Number of
securities
|
Price per
unit
|
|
10 10/11p
ordinary
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Purchase
|
2,000,000
|
2.7520 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
99,619
|
2.7637 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
60,671
|
2.7775 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
35,620
|
2.7625 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
34,880
|
2.7688 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
34,160
|
2.7673 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
24,000
|
2.7621 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
20,621
|
2.7782 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
15,638
|
2.7670 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
15,249
|
2.7620 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
12,162
|
2.7644 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
9,100
|
2.7770 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
9,053
|
2.7837 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
7,220
|
2.7704 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
5,538
|
2.7685 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
4,683
|
2.7713 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
4,375
|
2.7640 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
1,945
|
2.7800 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
1,078
|
2.7540 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
944
|
2.7593 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
778
|
2.7820 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
399
|
2.7760 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
272
|
2.7700 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
229
|
2.7720 GBP
|
|
10 10/11p
ordinary
|
Sale
|
439,669
|
2.7685 GBP
|
|
10 10/11p
ordinary
|
Sale
|
202,962
|
2.7679 GBP
|
|
10 10/11p
ordinary
|
Sale
|
187,535
|
2.7655 GBP
|
|
10 10/11p
ordinary
|
Sale
|
185,683
|
2.7620 GBP
|
|
10 10/11p
ordinary
|
Sale
|
110,636
|
2.7640 GBP
|
|
10 10/11p
ordinary
|
Sale
|
61,054
|
2.7633 GBP
|
|
10 10/11p
ordinary
|
Sale
|
54,147
|
2.7658 GBP
|
|
10 10/11p
ordinary
|
Sale
|
50,405
|
2.7616 GBP
|
|
10 10/11p
ordinary
|
Sale
|
32,071
|
2.7662 GBP
|
|
10 10/11p
ordinary
|
Sale
|
25,711
|
2.7559 GBP
|
|
10 10/11p
ordinary
|
Sale
|
16,931
|
2.7636 GBP
|
|
10 10/11p
ordinary
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Sale
|
15,319
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2.7654 GBP
|
|
10 10/11p
ordinary
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Sale
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14,488
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2.7639 GBP
|
|
10 10/11p
ordinary
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Sale
|
13,480
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2.7638 GBP
|
|
10 10/11p
ordinary
|
Sale
|
12,038
|
2.7805 GBP
|
|
10 10/11p
ordinary
|
Sale
|
9,089
|
2.7689 GBP
|
|
10 10/11p
ordinary
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Sale
|
6,888
|
2.7740 GBP
|
|
10 10/11p
ordinary
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Sale
|
6,397
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2.7692 GBP
|
|
10 10/11p
ordinary
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Sale
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3,921
|
2.7609 GBP
|
|
10 10/11p
ordinary
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Sale
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3,600
|
2.7704 GBP
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|
10 10/11p
ordinary
|
Sale
|
2,967
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2.7734 GBP
|
|
10 10/11p
ordinary
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Sale
|
2,572
|
2.7733 GBP
|
|
10 10/11p
ordinary
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Sale
|
2,418
|
2.7624 GBP
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|
10 10/11p
ordinary
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Sale
|
2,395
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2.7820 GBP
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|
10 10/11p
ordinary
|
Sale
|
2,394
|
2.7708 GBP
|
|
10 10/11p
ordinary
|
Sale
|
2,314
|
2.7716 GBP
|
|
10 10/11p
ordinary
|
Sale
|
2,270
|
2.7610 GBP
|
|
10 10/11p
ordinary
|
Sale
|
1,676
|
2.7575 GBP
|
|
10 10/11p
ordinary
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Sale
|
1,655
|
2.7815 GBP
|
|
10 10/11p
ordinary
|
Sale
|
1,398
|
2.7730 GBP
|
|
10 10/11p
ordinary
|
Sale
|
757
|
2.7720 GBP
|
|
10 10/11p
ordinary
|
Sale
|
676
|
2.7800 GBP
|
|
10 10/11p
ordinary
|
Sale
|
421
|
2.7709 GBP
|
|
10 10/11p
ordinary
|
Sale
|
346
|
2.7700 GBP
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|
(b)
|
Cash-settled derivative transactions
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|
Class of
relevant
security
|
Product
description
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Nature of
dealing
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Number of
reference
securities
|
Price per
unit
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Short
|
1,816,600
|
2.7520 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Short
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18,411
|
2.7534 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Short
|
7,903
|
2.7548 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Short
|
89,305
|
2.7616 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Short
|
136,997
|
2.7618 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Short
|
7,300
|
2.7621 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Short
|
83,422
|
2.7634 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Short
|
16,931
|
2.7636 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Short
|
13,480
|
2.7638 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Short
|
14,525
|
2.7639 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Short
|
185,965
|
2.7640 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Short
|
962
|
2.7655 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Short
|
7,544
|
2.7656 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Short
|
54,147
|
2.7658 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Short
|
69,435
|
2.7662 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Short
|
202,962
|
2.7679 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Short
|
439,669
|
2.7685 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Short
|
30,006
|
2.7686 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Short
|
6,397
|
2.7692 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Short
|
24,168
|
2.7699 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Short
|
3,600
|
2.7704 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Short
|
421
|
2.7709 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Short
|
2,314
|
2.7716 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Short
|
3,187
|
2.7727 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Short
|
5,468
|
2.7740 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Short
|
15,249
|
2.7620 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Short
|
24,000
|
2.7621 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Short
|
2,035
|
2.7640 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Short
|
66,724
|
2.7641 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Short
|
29,996
|
2.7652 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Short
|
70,500
|
2.7656 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Short
|
15,638
|
2.7670 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Short
|
4,066
|
2.7677 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Short
|
4,683
|
2.7712 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Short
|
9,100
|
2.7770 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Short
|
60,671
|
2.7775 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Short
|
7,960
|
2.7782 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Short
|
5,624
|
2.7811 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Short
|
3,649
|
2.7880 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Decreasing Short
|
140
|
2.7638 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Increasing Short
|
4,597
|
2.7630 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Increasing Short
|
33,346
|
2.7653 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:
|
07 Mar 2025
|
|
Contact name:
|
Large Holdings Regulatory
Operations
|
|
Telephone number:
|
020 3134
7213
|
