27th Jun 2025 14:46
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 | |||||
| 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 | ||||||
| offeror/offeree: | ||||||
(e) | Date position held/dealing undertaken: | 26 Jun 2025 | |||||
(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? | AVIVA PLC |
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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: | 10 10/11p ordinary | ||||||
| Interests | Short Positions | |||||
| Number | (%) | Number | (%) | |||
(1) | Relevant securities owned |
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| and/or controlled: |
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| 29,597,443 | 2.26% | 11,527,496 | 0.87% |
(2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 11,763,132 | 0.90% | 29,024,476 | 2.21% |
(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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| 41,360,575 | 3.15% | 40,551,972 | 3.08% |
(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 |
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10 10/11p ordinary | Purchase | 99,077 | 3.0640 GBP | ||||
10 10/11p ordinary | Purchase | 86,239 | 3.0647 GBP | ||||
10 10/11p ordinary | Purchase | 70,084 | 3.0671 GBP | ||||
10 10/11p ordinary | Purchase | 66,650 | 3.0762 GBP | ||||
10 10/11p ordinary | Purchase | 34,982 | 3.0666 GBP | ||||
10 10/11p ordinary | Purchase | 22,132 | 3.0716 GBP | ||||
10 10/11p ordinary | Purchase | 10,194 | 3.0743 GBP | ||||
10 10/11p ordinary | Purchase | 9,896 | 3.0700 GBP | ||||
10 10/11p ordinary | Purchase | 8,692 | 3.0740 GBP | ||||
10 10/11p ordinary | Purchase | 8,525 | 3.0739 GBP | ||||
10 10/11p ordinary | Purchase | 7,330 | 3.0722 GBP | ||||
10 10/11p ordinary | Purchase | 6,241 | 3.0706 GBP | ||||
10 10/11p ordinary | Purchase | 5,553 | 3.0726 GBP | ||||
10 10/11p ordinary | Purchase | 5,130 | 3.0720 GBP | ||||
10 10/11p ordinary | Purchase | 5,106 | 3.0690 GBP | ||||
10 10/11p ordinary | Purchase | 4,641 | 3.0701 GBP | ||||
10 10/11p ordinary | Purchase | 3,360 | 3.0711 GBP | ||||
10 10/11p ordinary | Purchase | 2,912 | 3.0713 GBP | ||||
10 10/11p ordinary | Purchase | 2,281 | 3.0745 GBP | ||||
10 10/11p ordinary | Purchase | 2,190 | 3.0715 GBP | ||||
10 10/11p ordinary | Purchase | 2,017 | 3.0660 GBP | ||||
10 10/11p ordinary | Purchase | 2,002 | 3.0697 GBP | ||||
10 10/11p ordinary | Purchase | 1,121 | 3.0719 GBP | ||||
10 10/11p ordinary | Purchase | 1,067 | 3.0746 GBP | ||||
10 10/11p ordinary | Purchase | 906 | 3.0680 GBP | ||||
10 10/11p ordinary | Purchase | 868 | 3.0760 GBP | ||||
10 10/11p ordinary | Purchase | 854 | 3.0800 GBP | ||||
10 10/11p ordinary | Purchase | 641 | 3.0748 GBP | ||||
10 10/11p ordinary | Purchase | 88 | 3.0725 GBP | ||||
10 10/11p ordinary | Sale | 190,964 | 3.0727 GBP | ||||
10 10/11p ordinary | Sale | 136,154 | 3.0637 GBP | ||||
10 10/11p ordinary | Sale | 126,867 | 3.0640 GBP | ||||
10 10/11p ordinary | Sale | 65,000 | 3.0774 GBP | ||||
10 10/11p ordinary | Sale | 64,634 | 3.0658 GBP | ||||
10 10/11p ordinary | Sale | 49,446 | 3.0732 GBP | ||||
10 10/11p ordinary | Sale | 25,915 | 3.0738 GBP | ||||
10 10/11p ordinary | Sale | 20,993 | 3.0742 GBP | ||||
10 10/11p ordinary | Sale | 19,852 | 3.0718 GBP | ||||
10 10/11p ordinary | Sale | 13,350 | 3.0650 GBP | ||||
10 10/11p ordinary | Sale | 12,672 | 3.0739 GBP | ||||
10 10/11p ordinary | Sale | 5,545 | 3.0766 GBP | ||||
10 10/11p ordinary | Sale | 5,287 | 3.0753 GBP | ||||
10 10/11p ordinary | Sale | 4,473 | 3.0720 GBP | ||||
10 10/11p ordinary | Sale | 3,942 | 3.0680 GBP | ||||
10 10/11p ordinary | Sale | 3,790 | 3.0764 GBP | ||||
10 10/11p ordinary | Sale | 2,645 | 3.0700 GBP | ||||
10 10/11p ordinary | Sale | 2,512 | 3.0729 GBP | ||||
10 10/11p ordinary | Sale | 2,508 | 3.0724 GBP | ||||
10 10/11p ordinary | Sale | 2,080 | 3.0730 GBP | ||||
10 10/11p ordinary | Sale | 2,017 | 3.0660 GBP | ||||
10 10/11p ordinary | Sale | 1,970 | 3.0697 GBP | ||||
10 10/11p ordinary | Sale | 1,894 | 3.0690 GBP | ||||
10 10/11p ordinary | Sale | 1,547 | 3.0701 GBP | ||||
10 10/11p ordinary | Sale | 868 | 3.0760 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 |
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security |
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10 10/11p ordinary | SWAP | Decreasing Short | 136,154 | 3.0637 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 4,366 | 3.0638 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 31,878 | 3.0640 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 22,496 | 3.0687 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 1,970 | 3.0697 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 35,635 | 3.0699 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 1,911 | 3.0711 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 18,048 | 3.0712 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 19,852 | 3.0718 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 2,512 | 3.0729 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 2,080 | 3.0730 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 13,162 | 3.0735 GBP | |||
10 10/11p ordinary | SWAP | Opening Long | 14,901,600 | 3.0756 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 4,200 | 3.0757 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 26,950 | 3.0768 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 65,000 | 3.0774 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Long | 74,195 | 3.0640 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Long | 4,071 | 3.0641 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Long | 9,949 | 3.0692 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Long | 12,075 | 3.0708 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Long | 22,132 | 3.0716 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Long | 657 | 3.0720 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Long | 26,394 | 3.0722 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Long | 11,261 | 3.0743 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Long | 641 | 3.0748 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Long | 12,548 | 3.0760 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Long | 54,102 | 3.0763 GBP | |||
10 10/11p ordinary | CFD | Decreasing Short | 2,979 | 3.0720 GBP | |||
10 10/11p ordinary | CFD | Decreasing Short | 218,128 | 3.0727 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 2,979 | 3.0640 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 11,672 | 3.0642 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 45,925 | 3.0706 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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security |
| 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 | |||
security |
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| securities | unit | |||
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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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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: | 27 Jun 2025 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||
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Related Shares:
BarclaysDirect Line