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:
|
08
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:
|
|
|
15,912,929
|
1.21%
|
16,205,423
|
1.24%
|
(2)
|
Cash-settled derivatives:
|
|
|
|
|
|
and/or controlled:
|
|
|
7,082,652
|
0.54%
|
14,408,967
|
1.10%
|
(3)
|
Stock-settled derivatives (including
options)
|
|
|
|
|
|
and
agreements to purchase/sell:
|
|
|
0
|
0.00%
|
0
|
0.00%
|
|
|
|
|
|
|
|
|
|
TOTAL:
|
|
|
22,995,581
|
1.75%
|
30,614,390
|
2.33%
|
(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
|
860,034
|
2.2000 GBP
|
Ordinary
10 10/11p
|
Purchase
|
131,762
|
2.2337 GBP
|
Ordinary
10 10/11p
|
Purchase
|
130,520
|
2.2443 GBP
|
Ordinary
10 10/11p
|
Purchase
|
84,748
|
2.2586 GBP
|
Ordinary
10 10/11p
|
Purchase
|
81,274
|
2.2383 GBP
|
Ordinary
10 10/11p
|
Purchase
|
79,427
|
2.2404 GBP
|
Ordinary
10 10/11p
|
Purchase
|
61,860
|
2.2073 GBP
|
Ordinary
10 10/11p
|
Purchase
|
61,133
|
2.2400 GBP
|
Ordinary
10 10/11p
|
Purchase
|
50,000
|
2.2318 GBP
|
Ordinary
10 10/11p
|
Purchase
|
35,981
|
2.2422 GBP
|
Ordinary
10 10/11p
|
Purchase
|
9,860
|
2.2385 GBP
|
Ordinary
10 10/11p
|
Purchase
|
8,600
|
2.2387 GBP
|
Ordinary
10 10/11p
|
Purchase
|
5,891
|
2.2542 GBP
|
Ordinary
10 10/11p
|
Purchase
|
4,537
|
2.2373 GBP
|
Ordinary
10 10/11p
|
Purchase
|
4,385
|
2.2610 GBP
|
Ordinary
10 10/11p
|
Purchase
|
3,952
|
2.2374 GBP
|
Ordinary
10 10/11p
|
Purchase
|
2,734
|
2.2290 GBP
|
Ordinary
10 10/11p
|
Purchase
|
1,701
|
2.2062 GBP
|
Ordinary
10 10/11p
|
Purchase
|
1,689
|
2.2406 GBP
|
Ordinary
10 10/11p
|
Purchase
|
1,635
|
2.2044 GBP
|
Ordinary
10 10/11p
|
Purchase
|
1,282
|
2.2423 GBP
|
Ordinary
10 10/11p
|
Purchase
|
1,073
|
2.2590 GBP
|
Ordinary
10 10/11p
|
Purchase
|
972
|
2.2398 GBP
|
Ordinary
10 10/11p
|
Purchase
|
370
|
2.2260 GBP
|
Ordinary
10 10/11p
|
Purchase
|
330
|
2.2570 GBP
|
Ordinary
10 10/11p
|
Purchase
|
261
|
2.2370 GBP
|
Ordinary
10 10/11p
|
Purchase
|
199
|
2.2080 GBP
|
Ordinary
10 10/11p
|
Purchase
|
107
|
2.2550 GBP
|
Ordinary
10 10/11p
|
Purchase
|
3
|
2.2680 GBP
|
Ordinary
10 10/11p
|
Sale
|
240,487
|
2.2396 GBP
|
Ordinary
10 10/11p
|
Sale
|
129,773
|
2.2239 GBP
|
Ordinary
10 10/11p
|
Sale
|
124,629
|
2.2343 GBP
|
Ordinary
10 10/11p
|
Sale
|
115,510
|
2.2279 GBP
|
Ordinary
10 10/11p
|
Sale
|
112,831
|
2.2481 GBP
|
Ordinary
10 10/11p
|
Sale
|
94,147
|
2.2399 GBP
|
Ordinary
10 10/11p
|
Sale
|
92,103
|
2.2344 GBP
|
Ordinary
10 10/11p
|
Sale
|
81,274
|
2.2383 GBP
|
Ordinary
10 10/11p
|
Sale
|
77,876
|
2.2401 GBP
|
Ordinary
10 10/11p
|
Sale
|
68,397
|
2.2445 GBP
|
Ordinary
10 10/11p
|
Sale
|
59,805
|
2.2493 GBP
|
Ordinary
10 10/11p
|
Sale
|
45,884
|
2.2526 GBP
|
Ordinary
10 10/11p
|
Sale
|
38,865
|
2.2471 GBP
|
Ordinary
10 10/11p
|
Sale
|
38,140
|
2.2138 GBP
|
Ordinary
10 10/11p
|
Sale
|
31,199
|
2.2230 GBP
|
Ordinary
10 10/11p
|
Sale
|
26,550
|
2.2400 GBP
|
Ordinary
10 10/11p
|
Sale
|
21,690
|
2.2560 GBP
|
Ordinary
10 10/11p
|
Sale
|
19,070
|
2.2312 GBP
|
Ordinary
10 10/11p
|
Sale
|
14,204
|
2.2476 GBP
|
Ordinary
10 10/11p
|
Sale
|
14,204
|
2.2585 GBP
|
Ordinary
10 10/11p
|
Sale
|
13,812
|
2.2382 GBP
|
Ordinary
10 10/11p
|
Sale
|
9,381
|
2.2554 GBP
|
Ordinary
10 10/11p
|
Sale
|
8,632
|
2.2059 GBP
|
Ordinary
10 10/11p
|
Sale
|
8,348
|
2.2598 GBP
|
Ordinary
10 10/11p
|
Sale
|
7,258
|
2.2592 GBP
|
Ordinary
10 10/11p
|
Sale
|
6,873
|
2.2536 GBP
|
Ordinary
10 10/11p
|
Sale
|
6,209
|
2.2593 GBP
|
Ordinary
10 10/11p
|
Sale
|
4,385
|
2.2610 GBP
|
Ordinary
10 10/11p
|
Sale
|
2,805
|
2.2368 GBP
|
Ordinary
10 10/11p
|
Sale
|
2,243
|
2.2615 GBP
|
Ordinary
10 10/11p
|
Sale
|
2,146
|
2.2590 GBP
|
Ordinary
10 10/11p
|
Sale
|
1,800
|
2.2310 GBP
|
Ordinary
10 10/11p
|
Sale
|
1,785
|
2.2135 GBP
|
Ordinary
10 10/11p
|
Sale
|
1,063
|
2.2082 GBP
|
Ordinary
10 10/11p
|
Sale
|
808
|
2.2267 GBP
|
Ordinary
10 10/11p
|
Sale
|
670
|
2.2470 GBP
|
Ordinary
10 10/11p
|
Sale
|
642
|
2.2145 GBP
|
Ordinary
10 10/11p
|
Sale
|
615
|
2.2398 GBP
|
Ordinary
10 10/11p
|
Sale
|
374
|
2.2402 GBP
|
Ordinary
10 10/11p
|
Sale
|
261
|
2.2370 GBP
|
Ordinary
10 10/11p
|
Sale
|
49
|
2.2570 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
|
Closing
Short
|
1,119
|
2.2400 GBP
|
Ordinary
10 10/11p
|
SWAP
|
Closing
Short
|
9,967
|
2.2398 GBP
|
Ordinary
10 10/11p
|
SWAP
|
Decreasing Long
|
200
|
2.2560 GBP
|
Ordinary
10 10/11p
|
SWAP
|
Decreasing Long
|
330
|
2.2570 GBP
|
Ordinary
10 10/11p
|
SWAP
|
Decreasing Long
|
370
|
2.2260 GBP
|
Ordinary
10 10/11p
|
SWAP
|
Decreasing Long
|
888
|
2.2170 GBP
|
Ordinary
10 10/11p
|
SWAP
|
Decreasing Long
|
1,971
|
2.2213 GBP
|
Ordinary
10 10/11p
|
SWAP
|
Decreasing Long
|
2,459
|
2.2320 GBP
|
Ordinary
10 10/11p
|
SWAP
|
Decreasing Long
|
35,981
|
2.2422 GBP
|
Ordinary
10 10/11p
|
SWAP
|
Decreasing Long
|
50,831
|
2.2547 GBP
|
Ordinary
10 10/11p
|
SWAP
|
Decreasing Short
|
66
|
2.2557 GBP
|
Ordinary
10 10/11p
|
CFD
|
Decreasing Short
|
102
|
2.2668 GBP
|
Ordinary
10 10/11p
|
SWAP
|
Decreasing Short
|
214
|
2.2016 GBP
|
Ordinary
10 10/11p
|
SWAP
|
Decreasing Short
|
341
|
2.2448 GBP
|
Ordinary
10 10/11p
|
CFD
|
Decreasing Short
|
531
|
2.2322 GBP
|
Ordinary
10 10/11p
|
SWAP
|
Decreasing Short
|
615
|
2.2398 GBP
|
Ordinary
10 10/11p
|
SWAP
|
Decreasing Short
|
864
|
2.2082 GBP
|
Ordinary
10 10/11p
|
SWAP
|
Decreasing Short
|
1,619
|
2.2556 GBP
|
Ordinary
10 10/11p
|
CFD
|
Decreasing Short
|
5,421
|
2.2400 GBP
|
Ordinary
10 10/11p
|
SWAP
|
Decreasing Short
|
8,348
|
2.2598 GBP
|
Ordinary
10 10/11p
|
SWAP
|
Decreasing Short
|
8,632
|
2.2059 GBP
|
Ordinary
10 10/11p
|
SWAP
|
Decreasing Short
|
14,204
|
2.2476 GBP
|
Ordinary
10 10/11p
|
SWAP
|
Decreasing Short
|
16,504
|
2.2418 GBP
|
Ordinary
10 10/11p
|
SWAP
|
Decreasing Short
|
19,070
|
2.2312 GBP
|
Ordinary
10 10/11p
|
SWAP
|
Decreasing Short
|
29,300
|
2.2213 GBP
|
Ordinary
10 10/11p
|
SWAP
|
Decreasing Short
|
38,140
|
2.2073 GBP
|
Ordinary
10 10/11p
|
SWAP
|
Decreasing Short
|
38,140
|
2.2138 GBP
|
Ordinary
10 10/11p
|
SWAP
|
Decreasing Short
|
50,000
|
2.2599 GBP
|
Ordinary
10 10/11p
|
SWAP
|
Decreasing Short
|
52,252
|
2.2586 GBP
|
Ordinary
10 10/11p
|
SWAP
|
Decreasing Short
|
81,238
|
2.2337 GBP
|
Ordinary
10 10/11p
|
SWAP
|
Decreasing Short
|
94,147
|
2.2399 GBP
|
Ordinary
10 10/11p
|
CFD
|
Decreasing Short
|
115,510
|
2.2279 GBP
|
Ordinary
10 10/11p
|
SWAP
|
Increasing Long
|
808
|
2.2267 GBP
|
Ordinary
10 10/11p
|
SWAP
|
Increasing Long
|
1,800
|
2.2310 GBP
|
Ordinary
10 10/11p
|
SWAP
|
Increasing Long
|
1,912
|
2.2333 GBP
|
Ordinary
10 10/11p
|
SWAP
|
Increasing Long
|
5,642
|
2.2336 GBP
|
Ordinary
10 10/11p
|
SWAP
|
Increasing Long
|
59,805
|
2.2493 GBP
|
Ordinary
10 10/11p
|
SWAP
|
Increasing Long
|
99,227
|
2.2400 GBP
|
Ordinary
10 10/11p
|
SWAP
|
Increasing Long
|
112,831
|
2.2481 GBP
|
Ordinary
10 10/11p
|
SWAP
|
Increasing Long
|
133,706
|
2.2397 GBP
|
Ordinary
10 10/11p
|
SWAP
|
Increasing Short
|
402
|
2.2299 GBP
|
Ordinary
10 10/11p
|
SWAP
|
Increasing Short
|
2,332
|
2.2289 GBP
|
Ordinary
10 10/11p
|
CFD
|
Increasing Short
|
62,573
|
2.2400 GBP
|
Ordinary
10 10/11p
|
CFD
|
Increasing Short
|
81,274
|
2.2383 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:
|
11 Mar 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|
|
|
|
|
|
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