3rd Jun 2025 14:50
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: | 02 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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| 42,655,263 | 3.25% | 3,883,275 | 0.29% |
(2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 4,184,583 | 0.32% | 41,946,690 | 3.20% |
(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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| 46,839,846 | 3.57% | 45,829,965 | 3.49% |
(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 | 424,637 | 3.0198 GBP | ||||
10 10/11p ordinary | Purchase | 370,409 | 3.0169 GBP | ||||
10 10/11p ordinary | Purchase | 276,000 | 3.0342 GBP | ||||
10 10/11p ordinary | Purchase | 190,243 | 3.0181 GBP | ||||
10 10/11p ordinary | Purchase | 154,987 | 3.0340 GBP | ||||
10 10/11p ordinary | Purchase | 134,834 | 3.0239 GBP | ||||
10 10/11p ordinary | Purchase | 34,724 | 3.0184 GBP | ||||
10 10/11p ordinary | Purchase | 23,454 | 3.0268 GBP | ||||
10 10/11p ordinary | Purchase | 16,700 | 3.0200 GBP | ||||
10 10/11p ordinary | Purchase | 15,442 | 3.0177 GBP | ||||
10 10/11p ordinary | Purchase | 12,946 | 3.0078 GBP | ||||
10 10/11p ordinary | Purchase | 9,916 | 3.0206 GBP | ||||
10 10/11p ordinary | Purchase | 8,933 | 3.0146 GBP | ||||
ADR | Purchase | 8,000 | 16.2875 USD | ||||
10 10/11p ordinary | Purchase | 5,561 | 3.0118 GBP | ||||
10 10/11p ordinary | Purchase | 5,436 | 3.0205 GBP | ||||
10 10/11p ordinary | Purchase | 4,606 | 3.0143 GBP | ||||
10 10/11p ordinary | Purchase | 4,156 | 3.0142 GBP | ||||
10 10/11p ordinary | Purchase | 2,473 | 3.0112 GBP | ||||
10 10/11p ordinary | Purchase | 975 | 3.0180 GBP | ||||
10 10/11p ordinary | Purchase | 550 | 3.0100 GBP | ||||
10 10/11p ordinary | Sale | 568,730 | 3.0234 GBP | ||||
10 10/11p ordinary | Sale | 45,857 | 3.0232 GBP | ||||
10 10/11p ordinary | Sale | 23,039 | 3.0117 GBP | ||||
10 10/11p ordinary | Sale | 12,247 | 3.0153 GBP | ||||
10 10/11p ordinary | Sale | 9,730 | 3.0080 GBP | ||||
10 10/11p ordinary | Sale | 9,641 | 3.0172 GBP | ||||
10 10/11p ordinary | Sale | 9,352 | 3.0161 GBP | ||||
ADR | Sale | 8,000 | 16.2875 USD | ||||
10 10/11p ordinary | Sale | 7,896 | 3.0115 GBP | ||||
10 10/11p ordinary | Sale | 7,000 | 3.0042 GBP | ||||
10 10/11p ordinary | Sale | 4,515 | 3.0340 GBP | ||||
10 10/11p ordinary | Sale | 4,135 | 3.0128 GBP | ||||
10 10/11p ordinary | Sale | 2,200 | 3.0206 GBP | ||||
10 10/11p ordinary | Sale | 2,186 | 3.0180 GBP | ||||
10 10/11p ordinary | Sale | 2,000 | 2.9980 GBP | ||||
10 10/11p ordinary | Sale | 1,462 | 3.0086 GBP | ||||
10 10/11p ordinary | Sale | 1,049 | 3.0200 GBP | ||||
10 10/11p ordinary | Sale | 615 | 3.0050 GBP | ||||
10 10/11p ordinary | Sale | 602 | 3.0260 GBP | ||||
10 10/11p ordinary | Sale | 563 | 3.0176 GBP | ||||
10 10/11p ordinary | Sale | 535 | 3.0100 GBP | ||||
10 10/11p ordinary | Sale | 370 | 3.0160 GBP | ||||
10 10/11p ordinary | Sale | 368 | 3.0060 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 | 721,821 | 2.9760 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 2,000 | 2.9980 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 7,000 | 3.0042 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 7,578 | 3.0079 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 2,133 | 3.0085 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 23,039 | 3.0117 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 6,763 | 3.0153 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 370 | 3.0160 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 12,300 | 3.0199 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 12,364 | 3.0229 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 25,980 | 3.0264 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 3,424 | 3.0340 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 721,821 | 2.9760 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 16,634 | 3.0128 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 17,603 | 3.0135 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 4,156 | 3.0142 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 350,000 | 3.0169 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 15,442 | 3.0177 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 190,243 | 3.0181 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 34,724 | 3.0184 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 1,750 | 3.0196 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 15,239 | 3.0200 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 9,916 | 3.0206 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 52,117 | 3.0229 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 58,162 | 3.0340 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 276,000 | 3.0342 GBP | |||
10 10/11p ordinary | CFD | Decreasing Short | 3,155 | 3.0018 GBP | |||
10 10/11p ordinary | CFD | Decreasing Short | 7,896 | 3.0115 GBP | |||
10 10/11p ordinary | CFD | Decreasing Short | 9,641 | 3.0172 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 2,688 | 3.0013 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 5,312 | 3.0038 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 41,012 | 3.0180 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 18,192 | 3.0340 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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(ii) | Exercising |
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Class of relevant | Product description | Exercising/ exercised against | Number of | Exercise price per | |||
security |
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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: | 03 Jun 2025 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||
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Related Shares:
BarclaysDirect Line