20th Jan 2025 14:25
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): |
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(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: |
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(e) | Date position held/dealing undertaken: | 17 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: | 12,100,333 | 0.92% | 12,734,573 | 0.97% | |||
(2) Cash-settled derivatives: | 13,438,906 | 1.02% | 11,947,441 | 0.91% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
TOTAL: | 25,539,239 | 1.95% | 24,682,014 | 1.88% | |||
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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% | |||
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(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 | 1,026,330 | 2.6276 GBP | ||||
10 10/11p ordinary | Purchase | 579,427 | 2.6251 GBP | ||||
10 10/11p ordinary | Purchase | 274,735 | 2.6180 GBP | ||||
10 10/11p ordinary | Purchase | 188,194 | 2.6172 GBP | ||||
10 10/11p ordinary | Purchase | 180,000 | 2.6213 GBP | ||||
10 10/11p ordinary | Purchase | 76,242 | 2.6259 GBP | ||||
10 10/11p ordinary | Purchase | 49,939 | 2.6210 GBP | ||||
10 10/11p ordinary | Purchase | 45,494 | 2.6255 GBP | ||||
10 10/11p ordinary | Purchase | 29,518 | 2.6239 GBP | ||||
10 10/11p ordinary | Purchase | 26,354 | 2.6245 GBP | ||||
10 10/11p ordinary | Purchase | 22,564 | 2.6225 GBP | ||||
10 10/11p ordinary | Purchase | 20,688 | 2.6266 GBP | ||||
10 10/11p ordinary | Purchase | 14,298 | 2.6220 GBP | ||||
10 10/11p ordinary | Purchase | 7,897 | 2.6240 GBP | ||||
10 10/11p ordinary | Purchase | 7,157 | 2.6202 GBP | ||||
10 10/11p ordinary | Purchase | 7,123 | 2.6166 GBP | ||||
10 10/11p ordinary | Purchase | 4,074 | 2.6150 GBP | ||||
10 10/11p ordinary | Purchase | 3,180 | 2.6200 GBP | ||||
10 10/11p ordinary | Purchase | 1,578 | 2.6223 GBP | ||||
10 10/11p ordinary | Purchase | 1,238 | 2.6222 GBP | ||||
10 10/11p ordinary | Purchase | 656 | 2.6340 GBP | ||||
10 10/11p ordinary | Purchase | 420 | 2.6300 GBP | ||||
10 10/11p ordinary | Purchase | 163 | 2.5860 GBP | ||||
10 10/11p ordinary | Purchase | 112 | 2.6320 GBP | ||||
10 10/11p ordinary | Sale | 369,184 | 2.6256 GBP | ||||
10 10/11p ordinary | Sale | 111,580 | 2.6224 GBP | ||||
10 10/11p ordinary | Sale | 100,035 | 2.6180 GBP | ||||
10 10/11p ordinary | Sale | 83,666 | 2.6244 GBP | ||||
10 10/11p ordinary | Sale | 68,278 | 2.6234 GBP | ||||
10 10/11p ordinary | Sale | 34,420 | 2.6235 GBP | ||||
10 10/11p ordinary | Sale | 30,355 | 2.6245 GBP | ||||
10 10/11p ordinary | Sale | 26,994 | 2.6249 GBP | ||||
10 10/11p ordinary | Sale | 20,254 | 2.6220 GBP | ||||
10 10/11p ordinary | Sale | 17,310 | 2.6239 GBP | ||||
10 10/11p ordinary | Sale | 13,991 | 2.6246 GBP | ||||
10 10/11p ordinary | Sale | 11,611 | 2.6238 GBP | ||||
10 10/11p ordinary | Sale | 11,534 | 2.6159 GBP | ||||
10 10/11p ordinary | Sale | 10,857 | 2.6248 GBP | ||||
10 10/11p ordinary | Sale | 9,763 | 2.6240 GBP | ||||
10 10/11p ordinary | Sale | 7,671 | 2.6247 GBP | ||||
10 10/11p ordinary | Sale | 5,759 | 2.6192 GBP | ||||
10 10/11p ordinary | Sale | 3,721 | 2.6199 GBP | ||||
10 10/11p ordinary | Sale | 3,483 | 2.6179 GBP | ||||
10 10/11p ordinary | Sale | 3,180 | 2.6200 GBP | ||||
10 10/11p ordinary | Sale | 3,107 | 2.6205 GBP | ||||
10 10/11p ordinary | Sale | 2,602 | 2.6266 GBP | ||||
10 10/11p ordinary | Sale | 1,895 | 2.6233 GBP | ||||
10 10/11p ordinary | Sale | 1,851 | 2.6259 GBP | ||||
10 10/11p ordinary | Sale | 656 | 2.6340 GBP | ||||
10 10/11p ordinary | Sale | 420 | 2.6300 GBP | ||||
10 10/11p ordinary | Sale | 170 | 2.6195 GBP | ||||
10 10/11p ordinary | Sale | 112 | 2.6320 GBP | ||||
10 10/11p ordinary | Sale | 47 | 2.6207 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 Long | 119 | 2.5860 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 18,235 | 2.6176 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 25,800 | 2.6185 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 170 | 2.6195 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 3,721 | 2.6199 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 3,107 | 2.6205 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 13,766 | 2.6218 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 43,480 | 2.6224 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 2,579 | 2.6234 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 11,611 | 2.6238 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 8,577 | 2.6242 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 30,355 | 2.6245 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 8,184 | 2.6248 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 13,177 | 2.6256 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 1,851 | 2.6259 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 28,534 | 2.6262 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 2,602 | 2.6266 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Long | 163 | 2.5860 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Long | 7,123 | 2.6166 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Long | 295,039 | 2.6180 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Long | 21,385 | 2.6181 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Long | 219 | 2.6198 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Long | 4,586 | 2.6199 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Long | 2,352 | 2.6208 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Long | 49,939 | 2.6210 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Long | 180,000 | 2.6213 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Long | 1,238 | 2.6222 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Long | 1,578 | 2.6223 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Long | 22,564 | 2.6225 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Long | 17,772 | 2.6228 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Long | 7,613 | 2.6230 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Long | 5,948 | 2.6238 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Long | 3,630 | 2.6239 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Long | 13,875 | 2.6242 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Long | 11,206 | 2.6250 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Long | 6,444 | 2.6251 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Long | 30,054 | 2.6252 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Long | 5,384 | 2.6253 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Long | 2,558 | 2.6255 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Long | 57,331 | 2.6258 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Long | 19,507 | 2.6260 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Long | 29,205 | 2.6261 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Long | 6,923 | 2.6274 GBP | |||
10 10/11p ordinary | CFD | Decreasing Short | 12,423 | 2.6238 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 2,116 | 2.6051 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 9,884 | 2.6069 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 1,026,330 | 2.6276 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 |
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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 |
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Is a Supplemental Form 8 (Open Positions) attached? | NO | ||||||
Date of disclosure: | 20 Jan 2025 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 |
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