23rd Jun 2025 15:19
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: | 20 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: | 35,825,170 | 2.73% | 2,653,068 | 0.20% | |||
(2) Cash-settled derivatives: | 2,935,709 | 0.22% | 35,291,506 | 2.69% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
TOTAL: | 38,760,879 | 2.96% | 37,944,574 | 2.89% | |||
(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 | 1,037,281 | 3.0760 GBP | ||||
10 10/11p ordinary | Purchase | 431,768 | 3.0749 GBP | ||||
10 10/11p ordinary | Purchase | 90,745 | 3.0793 GBP | ||||
10 10/11p ordinary | Purchase | 77,696 | 3.0765 GBP | ||||
10 10/11p ordinary | Purchase | 70,321 | 3.0761 GBP | ||||
10 10/11p ordinary | Purchase | 42,925 | 3.0789 GBP | ||||
10 10/11p ordinary | Purchase | 35,672 | 3.0766 GBP | ||||
10 10/11p ordinary | Purchase | 28,580 | 3.0781 GBP | ||||
10 10/11p ordinary | Purchase | 20,991 | 3.0700 GBP | ||||
10 10/11p ordinary | Purchase | 18,036 | 3.0798 GBP | ||||
10 10/11p ordinary | Purchase | 17,974 | 3.0779 GBP | ||||
10 10/11p ordinary | Purchase | 15,148 | 3.0800 GBP | ||||
10 10/11p ordinary | Purchase | 15,071 | 3.0783 GBP | ||||
10 10/11p ordinary | Purchase | 14,988 | 3.0740 GBP | ||||
10 10/11p ordinary | Purchase | 14,142 | 3.0790 GBP | ||||
10 10/11p ordinary | Purchase | 10,630 | 3.0772 GBP | ||||
10 10/11p ordinary | Purchase | 9,798 | 3.0810 GBP | ||||
10 10/11p ordinary | Purchase | 8,127 | 3.0799 GBP | ||||
10 10/11p ordinary | Purchase | 7,987 | 3.0792 GBP | ||||
10 10/11p ordinary | Purchase | 7,873 | 3.0771 GBP | ||||
10 10/11p ordinary | Purchase | 6,075 | 3.0785 GBP | ||||
10 10/11p ordinary | Purchase | 5,207 | 3.0780 GBP | ||||
10 10/11p ordinary | Purchase | 4,566 | 3.0782 GBP | ||||
10 10/11p ordinary | Purchase | 2,690 | 3.0758 GBP | ||||
10 10/11p ordinary | Purchase | 2,345 | 3.0820 GBP | ||||
10 10/11p ordinary | Purchase | 2,033 | 3.0776 GBP | ||||
10 10/11p ordinary | Purchase | 1,805 | 3.0713 GBP | ||||
10 10/11p ordinary | Purchase | 485 | 3.0770 GBP | ||||
10 10/11p ordinary | Sale | 538,222 | 3.0760 GBP | ||||
10 10/11p ordinary | Sale | 66,473 | 3.0763 GBP | ||||
10 10/11p ordinary | Sale | 59,580 | 3.0781 GBP | ||||
10 10/11p ordinary | Sale | 21,077 | 3.0740 GBP | ||||
10 10/11p ordinary | Sale | 9,587 | 3.0806 GBP | ||||
10 10/11p ordinary | Sale | 8,987 | 3.0779 GBP | ||||
10 10/11p ordinary | Sale | 7,538 | 3.0780 GBP | ||||
10 10/11p ordinary | Sale | 3,865 | 3.0768 GBP | ||||
10 10/11p ordinary | Sale | 3,590 | 3.0759 GBP | ||||
10 10/11p ordinary | Sale | 3,043 | 3.0770 GBP | ||||
10 10/11p ordinary | Sale | 2,991 | 3.0743 GBP | ||||
10 10/11p ordinary | Sale | 2,345 | 3.0820 GBP | ||||
10 10/11p ordinary | Sale | 2,182 | 3.0785 GBP | ||||
10 10/11p ordinary | Sale | 926 | 3.0810 GBP | ||||
10 10/11p ordinary | Sale | 871 | 3.0731 GBP | ||||
10 10/11p ordinary | Sale | 236 | 3.0816 GBP | ||||
10 10/11p ordinary | Sale | 42 | 3.0592 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 | 42 | 3.0593 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 3,865 | 3.0768 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 3,043 | 3.0770 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 8,905 | 3.0779 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 21,471 | 3.0820 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 1,244 | 3.0720 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 7,082 | 3.0748 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 102,316 | 3.0759 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 637,010 | 3.0760 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 47,900 | 3.0764 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 77,696 | 3.0765 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 41,768 | 3.0770 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 10,630 | 3.0772 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 20,900 | 3.0777 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 6,075 | 3.0785 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 42,925 | 3.0789 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 7,987 | 3.0792 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 90,710 | 3.0793 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 25,461 | 3.0794 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 17,894 | 3.0796 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 18,036 | 3.0798 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 7,989 | 3.0814 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 335 | 3.0819 GBP | |||
10 10/11p ordinary | CFD | Decreasing Short | 10,060 | 3.0740 GBP | |||
10 10/11p ordinary | CFD | Decreasing Short | 17,671 | 3.0753 GBP | |||
10 10/11p ordinary | CFD | Decreasing Short | 1,001 | 3.0760 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 40,394 | 3.0623 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 7,805 | 3.0637 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 10,540 | 3.0753 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 14,247 | 3.0760 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 100,000 | 3.0768 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 285 | 3.0780 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 2,345 | 3.0820 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 1,884 | 3.0822 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: | 23 Jun 2025 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||
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