| 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: | 21 Mar 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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| 16,102,811 | 1.23% | 9,786,891 | 0.75% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 5,168,240 | 0.39% | 14,666,339 | 1.12% |
| (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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| 21,271,051 | 1.62% | 24,453,230 | 1.86% |
| (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 | 376,986 | 2.1203 GBP | ||||
| Ordinary 10 10/11p | Purchase | 172,576 | 2.1201 GBP | ||||
| Ordinary 10 10/11p | Purchase | 143,406 | 2.1171 GBP | ||||
| Ordinary 10 10/11p | Purchase | 134,027 | 2.1339 GBP | ||||
| Ordinary 10 10/11p | Purchase | 90,500 | 2.1251 GBP | ||||
| Ordinary 10 10/11p | Purchase | 88,464 | 2.1407 GBP | ||||
| Ordinary 10 10/11p | Purchase | 65,567 | 2.1194 GBP | ||||
| Ordinary 10 10/11p | Purchase | 55,172 | 2.1355 GBP | ||||
| Ordinary 10 10/11p | Purchase | 53,715 | 2.1101 GBP | ||||
| Ordinary 10 10/11p | Purchase | 50,927 | 2.1307 GBP | ||||
| Ordinary 10 10/11p | Purchase | 50,586 | 2.1519 GBP | ||||
| Ordinary 10 10/11p | Purchase | 47,641 | 2.1187 GBP | ||||
| Ordinary 10 10/11p | Purchase | 44,277 | 2.1170 GBP | ||||
| Ordinary 10 10/11p | Purchase | 44,262 | 2.1195 GBP | ||||
| Ordinary 10 10/11p | Purchase | 33,792 | 2.1333 GBP | ||||
| Ordinary 10 10/11p | Purchase | 29,141 | 2.1166 GBP | ||||
| Ordinary 10 10/11p | Purchase | 28,798 | 2.1301 GBP | ||||
| Ordinary 10 10/11p | Purchase | 26,170 | 2.1365 GBP | ||||
| Ordinary 10 10/11p | Purchase | 18,631 | 2.1434 GBP | ||||
| Ordinary 10 10/11p | Purchase | 9,958 | 2.1590 GBP | ||||
| Ordinary 10 10/11p | Purchase | 9,115 | 2.1357 GBP | ||||
| Ordinary 10 10/11p | Purchase | 8,788 | 2.1224 GBP | ||||
| Ordinary 10 10/11p | Purchase | 8,583 | 2.1215 GBP | ||||
| Ordinary 10 10/11p | Purchase | 7,593 | 2.1279 GBP | ||||
| Ordinary 10 10/11p | Purchase | 7,346 | 2.1348 GBP | ||||
| Ordinary 10 10/11p | Purchase | 7,153 | 2.1310 GBP | ||||
| Ordinary 10 10/11p | Purchase | 7,090 | 2.1450 GBP | ||||
| Ordinary 10 10/11p | Purchase | 6,400 | 2.1214 GBP | ||||
| Ordinary 10 10/11p | Purchase | 5,435 | 2.1326 GBP | ||||
| Ordinary 10 10/11p | Purchase | 4,569 | 2.1304 GBP | ||||
| Ordinary 10 10/11p | Purchase | 4,158 | 2.1233 GBP | ||||
| Ordinary 10 10/11p | Purchase | 2,952 | 2.1529 GBP | ||||
| Ordinary 10 10/11p | Purchase | 2,747 | 2.0820 GBP | ||||
| Ordinary 10 10/11p | Purchase | 2,736 | 2.1223 GBP | ||||
| Ordinary 10 10/11p | Purchase | 2,688 | 2.1367 GBP | ||||
| Ordinary 10 10/11p | Purchase | 2,676 | 2.1259 GBP | ||||
| Ordinary 10 10/11p | Purchase | 2,228 | 2.1153 GBP | ||||
| Ordinary 10 10/11p | Purchase | 1,550 | 2.1245 GBP | ||||
| Ordinary 10 10/11p | Purchase | 1,433 | 2.1570 GBP | ||||
| Ordinary 10 10/11p | Purchase | 1,317 | 2.1510 GBP | ||||
| Ordinary 10 10/11p | Purchase | 919 | 2.1262 GBP | ||||
| Ordinary 10 10/11p | Purchase | 890 | 2.1240 GBP | ||||
| ADR | Purchase | 400 | 10.6600 USD | ||||
| Ordinary 10 10/11p | Purchase | 246 | 2.1200 GBP | ||||
| Ordinary 10 10/11p | Purchase | 85 | 2.1158 GBP | ||||
| Ordinary 10 10/11p | Purchase | 1 | 2.1100 GBP | ||||
| Ordinary 10 10/11p | Sale | 444,164 | 2.1170 GBP | ||||
| Ordinary 10 10/11p | Sale | 229,845 | 2.1173 GBP | ||||
| Ordinary 10 10/11p | Sale | 199,039 | 2.1186 GBP | ||||
| Ordinary 10 10/11p | Sale | 156,495 | 2.1322 GBP | ||||
| Ordinary 10 10/11p | Sale | 112,617 | 2.1169 GBP | ||||
| Ordinary 10 10/11p | Sale | 102,801 | 2.1286 GBP | ||||
| Ordinary 10 10/11p | Sale | 79,097 | 2.1156 GBP | ||||
| Ordinary 10 10/11p | Sale | 78,223 | 2.1283 GBP | ||||
| Ordinary 10 10/11p | Sale | 71,468 | 2.1203 GBP | ||||
| Ordinary 10 10/11p | Sale | 70,798 | 2.1215 GBP | ||||
| Ordinary 10 10/11p | Sale | 53,342 | 2.1165 GBP | ||||
| Ordinary 10 10/11p | Sale | 44,262 | 2.1195 GBP | ||||
| Ordinary 10 10/11p | Sale | 41,729 | 2.1515 GBP | ||||
| Ordinary 10 10/11p | Sale | 37,013 | 2.1001 GBP | ||||
| Ordinary 10 10/11p | Sale | 29,827 | 2.1256 GBP | ||||
| Ordinary 10 10/11p | Sale | 26,666 | 2.1102 GBP | ||||
| Ordinary 10 10/11p | Sale | 20,181 | 2.1281 GBP | ||||
| Ordinary 10 10/11p | Sale | 20,108 | 2.1417 GBP | ||||
| Ordinary 10 10/11p | Sale | 18,694 | 2.1062 GBP | ||||
| Ordinary 10 10/11p | Sale | 15,541 | 2.1300 GBP | ||||
| Ordinary 10 10/11p | Sale | 15,476 | 2.1304 GBP | ||||
| Ordinary 10 10/11p | Sale | 11,059 | 2.1280 GBP | ||||
| Ordinary 10 10/11p | Sale | 10,498 | 2.1590 GBP | ||||
| Ordinary 10 10/11p | Sale | 9,896 | 2.1336 GBP | ||||
| Ordinary 10 10/11p | Sale | 7,346 | 2.1350 GBP | ||||
| Ordinary 10 10/11p | Sale | 7,026 | 2.1313 GBP | ||||
| Ordinary 10 10/11p | Sale | 6,495 | 2.1392 GBP | ||||
| Ordinary 10 10/11p | Sale | 5,945 | 2.1188 GBP | ||||
| Ordinary 10 10/11p | Sale | 4,238 | 2.1550 GBP | ||||
| Ordinary 10 10/11p | Sale | 4,209 | 2.1394 GBP | ||||
| Ordinary 10 10/11p | Sale | 3,413 | 2.1318 GBP | ||||
| Ordinary 10 10/11p | Sale | 3,237 | 2.1420 GBP | ||||
| Ordinary 10 10/11p | Sale | 3,180 | 2.1272 GBP | ||||
| Ordinary 10 10/11p | Sale | 2,717 | 2.1500 GBP | ||||
| Ordinary 10 10/11p | Sale | 2,395 | 2.1140 GBP | ||||
| Ordinary 10 10/11p | Sale | 2,243 | 2.0820 GBP | ||||
| Ordinary 10 10/11p | Sale | 2,228 | 2.1153 GBP | ||||
| Ordinary 10 10/11p | Sale | 2,090 | 2.1450 GBP | ||||
| Ordinary 10 10/11p | Sale | 1,823 | 2.1385 GBP | ||||
| Ordinary 10 10/11p | Sale | 1,697 | 2.1510 GBP | ||||
| Ordinary 10 10/11p | Sale | 1,552 | 2.1247 GBP | ||||
| Ordinary 10 10/11p | Sale | 1,522 | 2.1600 GBP | ||||
| Ordinary 10 10/11p | Sale | 1,349 | 2.1380 GBP | ||||
| Ordinary 10 10/11p | Sale | 1,327 | 2.1136 GBP | ||||
| Ordinary 10 10/11p | Sale | 1,116 | 2.1405 GBP | ||||
| Ordinary 10 10/11p | Sale | 926 | 2.1230 GBP | ||||
| Ordinary 10 10/11p | Sale | 881 | 2.1570 GBP | ||||
| ADR | Sale | 400 | 10.6600 USD | ||||
| Ordinary 10 10/11p | Sale | 374 | 2.1239 GBP | ||||
| Ordinary 10 10/11p | Sale | 299 | 2.1210 GBP | ||||
| Ordinary 10 10/11p | Sale | 246 | 2.1200 GBP | ||||
| Ordinary 10 10/11p | Sale | 145 | 2.1209 GBP | ||||
| Ordinary 10 10/11p | Sale | 127 | 2.1310 GBP | ||||
| Ordinary 10 10/11p | Sale | 100 | 2.1390 GBP | ||||
| Ordinary 10 10/11p | Sale | 1 | 2.1100 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 | |||
| security |
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| Ordinary 10 10/11p | SWAP | Closing Short | 26,173 | 2.1171 GBP | |||
| Ordinary 10 10/11p | SWAP | Closing Short | 26,602 | 2.1170 GBP | |||
| Ordinary 10 10/11p | SWAP | Decreasing Long | 31 | 2.0820 GBP | |||
| Ordinary 10 10/11p | SWAP | Decreasing Long | 806 | 2.1288 GBP | |||
| Ordinary 10 10/11p | SWAP | Decreasing Long | 1,507 | 2.1299 GBP | |||
| Ordinary 10 10/11p | SWAP | Decreasing Long | 2,661 | 2.1471 GBP | |||
| Ordinary 10 10/11p | SWAP | Decreasing Long | 3,835 | 2.1295 GBP | |||
| Ordinary 10 10/11p | SWAP | Decreasing Long | 9,023 | 2.1292 GBP | |||
| Ordinary 10 10/11p | SWAP | Decreasing Long | 23,913 | 2.1274 GBP | |||
| Ordinary 10 10/11p | SWAP | Decreasing Long | 25,538 | 2.1315 GBP | |||
| Ordinary 10 10/11p | SWAP | Decreasing Long | 63,581 | 2.1272 GBP | |||
| Ordinary 10 10/11p | SWAP | Decreasing Long | 134,027 | 2.1339 GBP | |||
| Ordinary 10 10/11p | CFD | Decreasing Short | 427 | 2.1170 GBP | |||
| Ordinary 10 10/11p | SWAP | Decreasing Short | 1,059 | 2.1215 GBP | |||
| Ordinary 10 10/11p | SWAP | Decreasing Short | 2,152 | 2.1492 GBP | |||
| Ordinary 10 10/11p | CFD | Decreasing Short | 2,243 | 2.0820 GBP | |||
| Ordinary 10 10/11p | CFD | Decreasing Short | 2,952 | 2.1169 GBP | |||
| Ordinary 10 10/11p | CFD | Decreasing Short | 3,068 | 2.1575 GBP | |||
| Ordinary 10 10/11p | SWAP | Decreasing Short | 3,523 | 2.1281 GBP | |||
| Ordinary 10 10/11p | SWAP | Decreasing Short | 15,222 | 2.0499 GBP | |||
| Ordinary 10 10/11p | SWAP | Decreasing Short | 19,639 | 2.1336 GBP | |||
| Ordinary 10 10/11p | CFD | Decreasing Short | 64,000 | 2.1213 GBP | |||
| Ordinary 10 10/11p | SWAP | Decreasing Short | 112,617 | 2.1169 GBP | |||
| Ordinary 10 10/11p | SWAP | Increasing Long | 1,031 | 2.1098 GBP | |||
| Ordinary 10 10/11p | SWAP | Increasing Long | 3,413 | 2.1318 GBP | |||
| Ordinary 10 10/11p | SWAP | Increasing Long | 29,205 | 2.1170 GBP | |||
| Ordinary 10 10/11p | SWAP | Increasing Long | 46,699 | 2.1188 GBP | |||
| Ordinary 10 10/11p | SWAP | Increasing Long | 53,342 | 2.1165 GBP | |||
| Ordinary 10 10/11p | SWAP | Increasing Long | 56,971 | 2.1296 GBP | |||
| Ordinary 10 10/11p | SWAP | Increasing Long | 58,403 | 2.1271 GBP | |||
| Ordinary 10 10/11p | SWAP | Increasing Long | 78,223 | 2.1283 GBP | |||
| Ordinary 10 10/11p | SWAP | Increasing Long | 199,039 | 2.1186 GBP | |||
| Ordinary 10 10/11p | CFD | Increasing Short | 427 | 2.1170 GBP | |||
| Ordinary 10 10/11p | CFD | Increasing Short | 570 | 2.1530 GBP | |||
| Ordinary 10 10/11p | SWAP | Increasing Short | 665 | 2.1600 GBP | |||
| Ordinary 10 10/11p | SWAP | Increasing Short | 4,015 | 2.1376 GBP | |||
| Ordinary 10 10/11p | CFD | Increasing Short | 10,017 | 2.1139 GBP | |||
| Ordinary 10 10/11p | CFD | Increasing Short | 13,878 | 2.1094 GBP | |||
| Ordinary 10 10/11p | CFD | Increasing Short | 15,892 | 2.1169 GBP | |||
| Ordinary 10 10/11p | SWAP | Increasing Short | 24,611 | 2.1599 GBP | |||
| Ordinary 10 10/11p | SWAP | Increasing Short | 59,173 | 2.1327 GBP | |||
| Ordinary 10 10/11p | SWAP | Increasing Short | 60,200 | 2.1351 GBP | |||
| Ordinary 10 10/11p | SWAP | Increasing Short | 172,576 | 2.1201 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 | ||||
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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: | 22 Mar 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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