| 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 |
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| positions disclosed, if different from 1(a): | ||||||
| (c) | Name of offeror/offeree in relation to whose | DIRECT LINE INSURANCE GROUP PLC | |||||
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| relevant securities this form relates: | ||||||
| (d) | If an exempt fund manager connected with an |
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| offeror/offeree, state this and specify identity of | ||||||
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| offeror/offeree: | ||||||
| (e) | Date position held/dealing undertaken: | 29 Feb 2024 | |||||
| (f) | In addition to the company in 1(c) above, is the discloser making | YES: |
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| disclosures in respect of any other party to the offer? | AGEAS SA/NV |
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| 2. | POSITIONS OF THE PERSON MAKING THE DISCLOSURE | ||||||
| (a) | Interests and short positions in the relevant securities of the offeror or offeree |
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| to which the disclosure relates following the dealing(if any) |
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| Class of relevant security: | Ordinary 10 10/11p | ||||||
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| Interests | Short Positions | |||||
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| Number | (%) | Number | (%) | |||
| (1) | Relevant securities owned |
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| and/or controlled: |
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| 17,562,249 | 1.34% | 13,954,419 | 1.06% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 3,946,781 | 0.30% | 15,893,068 | 1.21% |
| (3) | Stock-settled derivatives (including options) |
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| and agreements to purchase/sell: |
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| 0 | 0.00% | 0 | 0.00% |
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| TOTAL: |
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| 21,509,030 | 1.64% | 29,847,487 | 2.28% |
| (b) | Rights to subscribe for new securities (including directors and other executive |
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| options) |
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| Class of relevant security in relation to |
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| which subscription right exists |
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| Details, including nature of the rights |
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| concerned and relevant percentages: |
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| 3. | DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER | ||||||
| (a) | Purchases and sales |
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| Class of relevant | Purchase/sale | Number of | Price per unit | ||||
| security |
| securities |
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| Ordinary 10 10/11p | Purchase | 1,808,580 | 2.0202 GBP | ||||
| Ordinary 10 10/11p | Purchase | 451,208 | 2.0425 GBP | ||||
| Ordinary 10 10/11p | Purchase | 446,041 | 2.0220 GBP | ||||
| Ordinary 10 10/11p | Purchase | 325,075 | 2.0192 GBP | ||||
| Ordinary 10 10/11p | Purchase | 322,811 | 2.0307 GBP | ||||
| Ordinary 10 10/11p | Purchase | 171,992 | 2.0200 GBP | ||||
| Ordinary 10 10/11p | Purchase | 163,631 | 2.0198 GBP | ||||
| Ordinary 10 10/11p | Purchase | 153,066 | 2.0242 GBP | ||||
| Ordinary 10 10/11p | Purchase | 110,358 | 2.0312 GBP | ||||
| Ordinary 10 10/11p | Purchase | 107,740 | 2.0223 GBP | ||||
| Ordinary 10 10/11p | Purchase | 99,328 | 2.0274 GBP | ||||
| Ordinary 10 10/11p | Purchase | 70,988 | 2.0305 GBP | ||||
| Ordinary 10 10/11p | Purchase | 70,933 | 2.0298 GBP | ||||
| Ordinary 10 10/11p | Purchase | 53,712 | 2.0417 GBP | ||||
| Ordinary 10 10/11p | Purchase | 52,623 | 2.0350 GBP | ||||
| Ordinary 10 10/11p | Purchase | 50,593 | 2.0329 GBP | ||||
| Ordinary 10 10/11p | Purchase | 48,000 | 2.0265 GBP | ||||
| Ordinary 10 10/11p | Purchase | 43,322 | 2.0482 GBP | ||||
| Ordinary 10 10/11p | Purchase | 35,280 | 2.0429 GBP | ||||
| Ordinary 10 10/11p | Purchase | 12,205 | 2.0408 GBP | ||||
| Ordinary 10 10/11p | Purchase | 11,683 | 2.0249 GBP | ||||
| Ordinary 10 10/11p | Purchase | 10,797 | 2.0256 GBP | ||||
| Ordinary 10 10/11p | Purchase | 10,688 | 2.0309 GBP | ||||
| Ordinary 10 10/11p | Purchase | 7,502 | 2.0401 GBP | ||||
| Ordinary 10 10/11p | Purchase | 5,145 | 2.0193 GBP | ||||
| Ordinary 10 10/11p | Purchase | 5,070 | 2.0316 GBP | ||||
| Ordinary 10 10/11p | Purchase | 4,312 | 2.0446 GBP | ||||
| Ordinary 10 10/11p | Purchase | 3,803 | 2.0377 GBP | ||||
| Ordinary 10 10/11p | Purchase | 3,171 | 2.0234 GBP | ||||
| Ordinary 10 10/11p | Purchase | 3,000 | 2.0330 GBP | ||||
| Ordinary 10 10/11p | Purchase | 2,528 | 2.0283 GBP | ||||
| Ordinary 10 10/11p | Purchase | 2,373 | 2.0510 GBP | ||||
| Ordinary 10 10/11p | Purchase | 2,191 | 2.0229 GBP | ||||
| Ordinary 10 10/11p | Purchase | 1,889 | 2.0385 GBP | ||||
| Ordinary 10 10/11p | Purchase | 1,797 | 2.0168 GBP | ||||
| Ordinary 10 10/11p | Purchase | 1,292 | 2.0400 GBP | ||||
| Ordinary 10 10/11p | Purchase | 1,213 | 2.0189 GBP | ||||
| Ordinary 10 10/11p | Purchase | 1,213 | 2.0190 GBP | ||||
| Ordinary 10 10/11p | Purchase | 1,175 | 2.0284 GBP | ||||
| Ordinary 10 10/11p | Purchase | 1,055 | 2.0090 GBP | ||||
| Ordinary 10 10/11p | Purchase | 1,017 | 2.0160 GBP | ||||
| Ordinary 10 10/11p | Purchase | 1,013 | 2.0080 GBP | ||||
| Ordinary 10 10/11p | Purchase | 991 | 2.0370 GBP | ||||
| Ordinary 10 10/11p | Purchase | 979 | 2.0475 GBP | ||||
| Ordinary 10 10/11p | Purchase | 367 | 2.0247 GBP | ||||
| Ordinary 10 10/11p | Purchase | 130 | 2.0310 GBP | ||||
| Ordinary 10 10/11p | Purchase | 37 | 2.0356 GBP | ||||
| Ordinary 10 10/11p | Purchase | 14 | 2.0240 GBP | ||||
| Ordinary 10 10/11p | Purchase | 8 | 2.0387 GBP | ||||
| Ordinary 10 10/11p | Sale | 1,153,049 | 2.0341 GBP | ||||
| Ordinary 10 10/11p | Sale | 583,208 | 2.0198 GBP | ||||
| Ordinary 10 10/11p | Sale | 391,688 | 2.0250 GBP | ||||
| Ordinary 10 10/11p | Sale | 136,096 | 2.0490 GBP | ||||
| Ordinary 10 10/11p | Sale | 96,296 | 2.0211 GBP | ||||
| Ordinary 10 10/11p | Sale | 95,845 | 2.0264 GBP | ||||
| Ordinary 10 10/11p | Sale | 80,765 | 2.0356 GBP | ||||
| Ordinary 10 10/11p | Sale | 78,381 | 2.0368 GBP | ||||
| Ordinary 10 10/11p | Sale | 77,070 | 2.0420 GBP | ||||
| Ordinary 10 10/11p | Sale | 57,298 | 2.0363 GBP | ||||
| Ordinary 10 10/11p | Sale | 54,355 | 2.0226 GBP | ||||
| Ordinary 10 10/11p | Sale | 48,902 | 2.0199 GBP | ||||
| Ordinary 10 10/11p | Sale | 47,684 | 2.0297 GBP | ||||
| Ordinary 10 10/11p | Sale | 41,740 | 2.0402 GBP | ||||
| Ordinary 10 10/11p | Sale | 31,780 | 2.0271 GBP | ||||
| Ordinary 10 10/11p | Sale | 29,757 | 2.0305 GBP | ||||
| Ordinary 10 10/11p | Sale | 28,260 | 2.0158 GBP | ||||
| Ordinary 10 10/11p | Sale | 22,250 | 2.0355 GBP | ||||
| Ordinary 10 10/11p | Sale | 20,373 | 2.0319 GBP | ||||
| Ordinary 10 10/11p | Sale | 17,885 | 2.0435 GBP | ||||
| Ordinary 10 10/11p | Sale | 15,478 | 2.0221 GBP | ||||
| Ordinary 10 10/11p | Sale | 12,234 | 2.0352 GBP | ||||
| Ordinary 10 10/11p | Sale | 12,218 | 2.0322 GBP | ||||
| Ordinary 10 10/11p | Sale | 12,050 | 2.0249 GBP | ||||
| Ordinary 10 10/11p | Sale | 9,359 | 2.0092 GBP | ||||
| Ordinary 10 10/11p | Sale | 7,326 | 2.0325 GBP | ||||
| Ordinary 10 10/11p | Sale | 6,084 | 2.0407 GBP | ||||
| Ordinary 10 10/11p | Sale | 4,936 | 2.0287 GBP | ||||
| Ordinary 10 10/11p | Sale | 4,892 | 2.0208 GBP | ||||
| Ordinary 10 10/11p | Sale | 4,129 | 2.0112 GBP | ||||
| Ordinary 10 10/11p | Sale | 3,748 | 2.0130 GBP | ||||
| Ordinary 10 10/11p | Sale | 2,689 | 2.0261 GBP | ||||
| Ordinary 10 10/11p | Sale | 1,896 | 2.0242 GBP | ||||
| Ordinary 10 10/11p | Sale | 1,889 | 2.0385 GBP | ||||
| Ordinary 10 10/11p | Sale | 1,827 | 2.0380 GBP | ||||
| Ordinary 10 10/11p | Sale | 1,797 | 2.0170 GBP | ||||
| Ordinary 10 10/11p | Sale | 1,213 | 2.0190 GBP | ||||
| Ordinary 10 10/11p | Sale | 1,121 | 2.0365 GBP | ||||
| Ordinary 10 10/11p | Sale | 1,055 | 2.0090 GBP | ||||
| Ordinary 10 10/11p | Sale | 1,034 | 2.0330 GBP | ||||
| Ordinary 10 10/11p | Sale | 1,026 | 2.0110 GBP | ||||
| Ordinary 10 10/11p | Sale | 1,017 | 2.0162 GBP | ||||
| Ordinary 10 10/11p | Sale | 1,013 | 2.0082 GBP | ||||
| Ordinary 10 10/11p | Sale | 1,013 | 2.0360 GBP | ||||
| Ordinary 10 10/11p | Sale | 991 | 2.0370 GBP | ||||
| Ordinary 10 10/11p | Sale | 955 | 2.0150 GBP | ||||
| Ordinary 10 10/11p | Sale | 689 | 2.0552 GBP | ||||
| Ordinary 10 10/11p | Sale | 130 | 2.0310 GBP | ||||
| Ordinary 10 10/11p | Sale | 130 | 2.0200 GBP | ||||
| Ordinary 10 10/11p | Sale | 37 | 2.0358 GBP | ||||
| Ordinary 10 10/11p | Sale | 8 | 2.0390 GBP | ||||
| Ordinary 10 10/11p | Sale | 1 | 2.0400 GBP | ||||
| Ordinary 10 10/11p | Sale | 1 | 2.0188 GBP | ||||
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| (b) | Cash-settled derivative transactions |
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| Class of | Product | Nature of dealing | Number of | Price per | |||
| relevant | description |
| reference | unit | |||
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| Ordinary 10 10/11p | SWAP | Closing Long | 4,645 | 2.0199 GBP | |||
| Ordinary 10 10/11p | SWAP | Closing Long | 5,780 | 2.0329 GBP | |||
| Ordinary 10 10/11p | SWAP | Closing Long | 6,438 | 2.0317 GBP | |||
| Ordinary 10 10/11p | SWAP | Decreasing Long | 749 | 2.0406 GBP | |||
| Ordinary 10 10/11p | SWAP | Decreasing Long | 1,175 | 2.0284 GBP | |||
| Ordinary 10 10/11p | SWAP | Decreasing Long | 1,952 | 2.0307 GBP | |||
| Ordinary 10 10/11p | SWAP | Decreasing Long | 2,783 | 2.0418 GBP | |||
| Ordinary 10 10/11p | SWAP | Decreasing Long | 4,047 | 2.0417 GBP | |||
| Ordinary 10 10/11p | SWAP | Decreasing Long | 14,149 | 2.0463 GBP | |||
| Ordinary 10 10/11p | SWAP | Decreasing Long | 64,955 | 2.0280 GBP | |||
| Ordinary 10 10/11p | SWAP | Decreasing Long | 153,066 | 2.0242 GBP | |||
| Ordinary 10 10/11p | SWAP | Decreasing Long | 179,049 | 2.0214 GBP | |||
| Ordinary 10 10/11p | SWAP | Decreasing Long | 1,622,067 | 2.0200 GBP | |||
| Ordinary 10 10/11p | SWAP | Decreasing Short | 249 | 2.0555 GBP | |||
| Ordinary 10 10/11p | SWAP | Decreasing Short | 440 | 2.0552 GBP | |||
| Ordinary 10 10/11p | CFD | Decreasing Short | 1,896 | 2.0242 GBP | |||
| Ordinary 10 10/11p | CFD | Decreasing Short | 2,400 | 2.0342 GBP | |||
| Ordinary 10 10/11p | SWAP | Decreasing Short | 6,084 | 2.0407 GBP | |||
| Ordinary 10 10/11p | SWAP | Decreasing Short | 7,326 | 2.0325 GBP | |||
| Ordinary 10 10/11p | SWAP | Decreasing Short | 11,944 | 2.0201 GBP | |||
| Ordinary 10 10/11p | SWAP | Decreasing Short | 12,500 | 2.0319 GBP | |||
| Ordinary 10 10/11p | SWAP | Decreasing Short | 25,335 | 2.0417 GBP | |||
| Ordinary 10 10/11p | SWAP | Decreasing Short | 31,780 | 2.0271 GBP | |||
| Ordinary 10 10/11p | SWAP | Decreasing Short | 38,389 | 2.0489 GBP | |||
| Ordinary 10 10/11p | SWAP | Decreasing Short | 44,257 | 2.0199 GBP | |||
| Ordinary 10 10/11p | SWAP | Decreasing Short | 54,355 | 2.0226 GBP | |||
| Ordinary 10 10/11p | CFD | Decreasing Short | 61,166 | 2.0200 GBP | |||
| Ordinary 10 10/11p | CFD | Decreasing Short | 80,765 | 2.0356 GBP | |||
| Ordinary 10 10/11p | SWAP | Decreasing Short | 133,167 | 2.0490 GBP | |||
| Ordinary 10 10/11p | CFD | Decreasing Short | 163,008 | 2.0198 GBP | |||
| Ordinary 10 10/11p | SWAP | Increasing Long | 363 | 2.0348 GBP | |||
| Ordinary 10 10/11p | SWAP | Increasing Long | 1,827 | 2.0380 GBP | |||
| Ordinary 10 10/11p | SWAP | Increasing Long | 4,651 | 2.0425 GBP | |||
| Ordinary 10 10/11p | SWAP | Increasing Long | 4,892 | 2.0208 GBP | |||
| Ordinary 10 10/11p | SWAP | Increasing Long | 12,544 | 2.0404 GBP | |||
| Ordinary 10 10/11p | SWAP | Increasing Long | 18,751 | 2.0344 GBP | |||
| Ordinary 10 10/11p | SWAP | Increasing Long | 24,049 | 2.0343 GBP | |||
| Ordinary 10 10/11p | SWAP | Increasing Long | 28,833 | 2.0401 GBP | |||
| Ordinary 10 10/11p | SWAP | Increasing Long | 29,757 | 2.0305 GBP | |||
| Ordinary 10 10/11p | SWAP | Increasing Long | 36,179 | 2.0223 GBP | |||
| Ordinary 10 10/11p | SWAP | Increasing Long | 56,404 | 2.0252 GBP | |||
| Ordinary 10 10/11p | SWAP | Increasing Long | 78,381 | 2.0368 GBP | |||
| Ordinary 10 10/11p | SWAP | Increasing Long | 146,164 | 2.0302 GBP | |||
| Ordinary 10 10/11p | CFD | Increasing Short | 11,683 | 2.0249 GBP | |||
| Ordinary 10 10/11p | SWAP | Increasing Short | 48,000 | 2.0265 GBP | |||
| Ordinary 10 10/11p | CFD | Increasing Short | 110,358 | 2.0312 GBP | |||
| Ordinary 10 10/11p | CFD | Increasing Short | 117,761 | 2.0200 GBP | |||
| Ordinary 10 10/11p | SWAP | Opening Short | 2,915 | 2.0249 GBP | |||
| Ordinary 10 10/11p | SWAP | Opening Short | 7,927 | 2.0491 GBP | |||
| Ordinary 10 10/11p | SWAP | Opening Short | 45,719 | 2.0247 GBP | |||
| Ordinary 10 10/11p | SWAP | Opening Short | 264,298 | 2.0313 GBP | |||
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| (c) | Stock-settled derivative transactions (including options) |
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| (i) | Writing, selling, purchasing or varying |
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| Class | Product | Writing, | Number | Exercise | Type | Expiry | Option |
| of | description | purchasing, | of | price |
| date | money |
| relevant |
| selling, | securities | per unit |
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| paid/ |
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| varying etc | to which |
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| received |
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| option |
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| per unit |
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| relates |
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| (ii) | Exercising |
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| Class of relevant | Product description | Exercising/ exercised against | Number of | Exercise price per | |||
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| (d) | Other dealings (including subscribing for new securities) |
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| Class of relevant | Nature of Dealings | Details | Price per unit (if | ||||
| security |
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| applicable) | ||||
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| 4. | OTHER INFORMATION | ||||||
| (a) | Indemnity and other dealings arrangements |
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| Details of any indemnity or option arrangement, or any agreement or understanding, |
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| formal or informal, relating to relevant securities which may be an inducement to deal |
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| or refrain from dealing entered into by the exempt principal trader making the disclosure and any party |
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| to the offer or any person acting in concert with a party to the offer: |
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| NONE | |||||||
| (b) | Agreements, arrangements or understandings relating to options or derivatives |
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| Details of any agreement, arrangement or understanding, formal or informal, between |
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| the person making the disclosure and any other person relating to: |
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| (i) the voting rights of any relevant securities under any option; or |
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| (ii) the voting rights of future acquisition or disposal of any relevant securities to which |
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| any derivative is referenced: |
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| NONE | |||||||
| (c) | Attachments |
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| Is a Supplemental Form 8 (Open Positions) attached? | NO | ||||||
| Date of disclosure: | 01 Mar 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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