24th Jun 2025 15:11
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: | 23 Jun 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: | 35,676,737 | 2.72% | 2,550,451 | 0.19% | |||
(2) Cash-settled derivatives: | 2,828,554 | 0.22% | 35,148,011 | 2.68% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
TOTAL: | 38,505,291 | 2.94% | 37,698,462 | 2.87% | |||
(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 | 1,116,915 | 3.0620 GBP | ||||
10 10/11p ordinary | Purchase | 85,482 | 3.0639 GBP | ||||
10 10/11p ordinary | Purchase | 34,533 | 3.0644 GBP | ||||
10 10/11p ordinary | Purchase | 18,674 | 3.0672 GBP | ||||
10 10/11p ordinary | Purchase | 16,838 | 3.0654 GBP | ||||
10 10/11p ordinary | Purchase | 15,393 | 3.0628 GBP | ||||
10 10/11p ordinary | Purchase | 9,917 | 3.0692 GBP | ||||
10 10/11p ordinary | Purchase | 8,851 | 3.0641 GBP | ||||
10 10/11p ordinary | Purchase | 4,691 | 3.0671 GBP | ||||
10 10/11p ordinary | Purchase | 3,066 | 3.0640 GBP | ||||
10 10/11p ordinary | Purchase | 2,875 | 3.0642 GBP | ||||
10 10/11p ordinary | Purchase | 2,411 | 3.0686 GBP | ||||
10 10/11p ordinary | Purchase | 2,331 | 3.0645 GBP | ||||
10 10/11p ordinary | Purchase | 2,173 | 3.0700 GBP | ||||
10 10/11p ordinary | Purchase | 1,451 | 3.0638 GBP | ||||
10 10/11p ordinary | Purchase | 1,187 | 3.0720 GBP | ||||
10 10/11p ordinary | Purchase | 883 | 3.0678 GBP | ||||
10 10/11p ordinary | Purchase | 667 | 3.0660 GBP | ||||
10 10/11p ordinary | Purchase | 332 | 3.0600 GBP | ||||
10 10/11p ordinary | Sale | 1,147,287 | 3.0620 GBP | ||||
10 10/11p ordinary | Sale | 79,146 | 3.0641 GBP | ||||
10 10/11p ordinary | Sale | 52,614 | 3.0629 GBP | ||||
10 10/11p ordinary | Sale | 29,737 | 3.0655 GBP | ||||
10 10/11p ordinary | Sale | 12,299 | 3.0640 GBP | ||||
10 10/11p ordinary | Sale | 12,293 | 3.0668 GBP | ||||
10 10/11p ordinary | Sale | 11,552 | 3.0665 GBP | ||||
10 10/11p ordinary | Sale | 5,554 | 3.0581 GBP | ||||
10 10/11p ordinary | Sale | 3,977 | 3.0638 GBP | ||||
10 10/11p ordinary | Sale | 3,128 | 3.0715 GBP | ||||
10 10/11p ordinary | Sale | 2,973 | 3.0700 GBP | ||||
10 10/11p ordinary | Sale | 2,910 | 3.0653 GBP | ||||
10 10/11p ordinary | Sale | 2,895 | 3.0769 GBP | ||||
10 10/11p ordinary | Sale | 2,500 | 3.0659 GBP | ||||
10 10/11p ordinary | Sale | 1,850 | 3.0673 GBP | ||||
10 10/11p ordinary | Sale | 1,835 | 3.0651 GBP | ||||
10 10/11p ordinary | Sale | 1,124 | 3.0614 GBP | ||||
10 10/11p ordinary | Sale | 623 | 3.0630 GBP | ||||
10 10/11p ordinary | Sale | 121 | 3.0690 GBP | ||||
10 10/11p ordinary | Sale | 68 | 3.0722 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 | Decreasing Short | 5,554 | 3.0581 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 653,002 | 3.0620 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 79,146 | 3.0641 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 2,910 | 3.0653 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 7,880 | 3.0656 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 522 | 3.0658 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 3,557 | 3.0659 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 11,552 | 3.0665 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 14,681 | 3.0668 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 1,850 | 3.0673 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 121 | 3.0690 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 3,128 | 3.0715 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 68 | 3.0722 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 2,895 | 3.0769 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 2,308 | 3.0617 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 582,011 | 3.0620 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 85,482 | 3.0639 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 2,875 | 3.0642 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 13,843 | 3.0672 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 4,427 | 3.0688 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 2,199 | 3.0691 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 5,490 | 3.0695 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 454 | 3.0700 GBP | |||
10 10/11p ordinary | CFD | Decreasing Short | 1,344 | 3.0620 GBP | |||
10 10/11p ordinary | CFD | Decreasing Short | 13,765 | 3.0647 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 13,094 | 3.0639 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 25,425 | 3.0650 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 12,014 | 3.0651 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 15,274 | 3.0653 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 739 | 3.0662 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: | 24 Jun 2025 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||
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