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Form 8.3 DIRECT LINE INSURANCE GROUP PLC

11th Mar 2025 13:30

RNS Number : 2325A
Barclays PLC
11 March 2025
 

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):

 

(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:

 

(e)

Date position held/dealing undertaken:

10 Mar 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:

23,098,877

1.76%

11,688,968

0.89%

(2) Cash-settled derivatives:

10,786,304

0.82%

22,490,956

1.72%

(3) Stock-settled derivatives (including options) and agreements to purchase/sell: 

0

0.00%

0

0.00%

TOTAL: 

33,885,181

2.58%

34,179,924

2.61%

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%

(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

500,000

2.7653 GBP

10 10/11p ordinary

Purchase

500,000

2.7635 GBP

10 10/11p ordinary

Purchase

97,011

2.7618 GBP

10 10/11p ordinary

Purchase

76,578

2.7601 GBP

10 10/11p ordinary

Purchase

59,830

2.7600 GBP

10 10/11p ordinary

Purchase

49,238

2.7611 GBP

10 10/11p ordinary

Purchase

14,630

2.7674 GBP

ADR

Purchase

12,000

14.7400 USD

10 10/11p ordinary

Purchase

7,844

2.7626 GBP

10 10/11p ordinary

Purchase

5,400

2.7677 GBP

10 10/11p ordinary

Purchase

4,782

2.7646 GBP

10 10/11p ordinary

Purchase

4,151

2.7642 GBP

10 10/11p ordinary

Purchase

4,137

2.7620 GBP

10 10/11p ordinary

Purchase

3,396

2.7607 GBP

10 10/11p ordinary

Purchase

2,474

2.7610 GBP

10 10/11p ordinary

Purchase

1,657

2.7627 GBP

10 10/11p ordinary

Purchase

1,502

2.7609 GBP

10 10/11p ordinary

Purchase

1,078

2.7640 GBP

10 10/11p ordinary

Purchase

796

2.7580 GBP

10 10/11p ordinary

Purchase

700

2.7700 GBP

ADR

Purchase

8

14.2600 USD

10 10/11p ordinary

Sale

50,613

2.7612 GBP

10 10/11p ordinary

Sale

42,193

2.7598 GBP

10 10/11p ordinary

Sale

41,078

2.7597 GBP

10 10/11p ordinary

Sale

38,319

2.7609 GBP

10 10/11p ordinary

Sale

37,488

2.7620 GBP

10 10/11p ordinary

Sale

33,969

2.7605 GBP

10 10/11p ordinary

Sale

32,360

2.7595 GBP

10 10/11p ordinary

Sale

14,557

2.7628 GBP

10 10/11p ordinary

Sale

13,005

2.7624 GBP

10 10/11p ordinary

Sale

12,706

2.7633 GBP

10 10/11p ordinary

Sale

11,335

2.7621 GBP

10 10/11p ordinary

Sale

8,425

2.7607 GBP

10 10/11p ordinary

Sale

7,323

2.7626 GBP

10 10/11p ordinary

Sale

6,272

2.7636 GBP

10 10/11p ordinary

Sale

6,028

2.7600 GBP

10 10/11p ordinary

Sale

5,769

2.7596 GBP

10 10/11p ordinary

Sale

5,613

2.7634 GBP

10 10/11p ordinary

Sale

2,481

2.7606 GBP

10 10/11p ordinary

Sale

2,419

2.7640 GBP

10 10/11p ordinary

Sale

1,674

2.7729 GBP

10 10/11p ordinary

Sale

1,335

2.7608 GBP

10 10/11p ordinary

Sale

1,127

2.7660 GBP

10 10/11p ordinary

Sale

806

2.7580 GBP

10 10/11p ordinary

Sale

578

2.7679 GBP

10 10/11p ordinary

Sale

420

2.7615 GBP

10 10/11p ordinary

Sale

408

2.7599 GBP

10 10/11p ordinary

Sale

134

2.7650 GBP

10 10/11p ordinary

Sale

21

2.7611 GBP

10 10/11p ordinary

Sale

9

2.7855 GBP

ADR

Sale

8

14.2600 USD

(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

32,360

2.7595 GBP

10 10/11p ordinary

SWAP

Decreasing Short

104

2.7597 GBP

10 10/11p ordinary

SWAP

Decreasing Short

32,953

2.7598 GBP

10 10/11p ordinary

SWAP

Decreasing Short

3,768

2.7599 GBP

10 10/11p ordinary

SWAP

Decreasing Short

56,418

2.7600 GBP

10 10/11p ordinary

SWAP

Decreasing Short

33,969

2.7605 GBP

10 10/11p ordinary

SWAP

Decreasing Short

34,633

2.7611 GBP

10 10/11p ordinary

SWAP

Decreasing Short

420

2.7615 GBP

10 10/11p ordinary

SWAP

Decreasing Short

388

2.7625 GBP

10 10/11p ordinary

SWAP

Decreasing Short

14,557

2.7628 GBP

10 10/11p ordinary

SWAP

Decreasing Short

5,613

2.7634 GBP

10 10/11p ordinary

SWAP

Decreasing Short

2,509

2.7636 GBP

10 10/11p ordinary

SWAP

Decreasing Short

13,033

2.7639 GBP

10 10/11p ordinary

SWAP

Decreasing Short

989

2.7640 GBP

10 10/11p ordinary

SWAP

Decreasing Short

578

2.7679 GBP

10 10/11p ordinary

SWAP

Decreasing Short

1,674

2.7729 GBP

10 10/11p ordinary

SWAP

Decreasing Short

9

2.7859 GBP

10 10/11p ordinary

SWAP

Increasing Short

1,500

2.7592 GBP

10 10/11p ordinary

SWAP

Increasing Short

44,543

2.7600 GBP

10 10/11p ordinary

SWAP

Increasing Short

25,938

2.7601 GBP

10 10/11p ordinary

SWAP

Increasing Short

3,087

2.7604 GBP

10 10/11p ordinary

SWAP

Increasing Short

24,831

2.7609 GBP

10 10/11p ordinary

SWAP

Increasing Short

41,447

2.7612 GBP

10 10/11p ordinary

SWAP

Increasing Short

9,526

2.7614 GBP

10 10/11p ordinary

SWAP

Increasing Short

421

2.7626 GBP

10 10/11p ordinary

SWAP

Increasing Short

1,657

2.7627 GBP

10 10/11p ordinary

SWAP

Increasing Short

7,764

2.7631 GBP

10 10/11p ordinary

SWAP

Increasing Short

500,000

2.7635 GBP

10 10/11p ordinary

SWAP

Increasing Short

520

2.7640 GBP

10 10/11p ordinary

SWAP

Increasing Short

4,782

2.7646 GBP

10 10/11p ordinary

SWAP

Increasing Short

500,000

2.7653 GBP

10 10/11p ordinary

SWAP

Increasing Short

14,630

2.7674 GBP

10 10/11p ordinary

SWAP

Increasing Short

5,400

2.7677 GBP

10 10/11p ordinary

SWAP

Increasing Short

4

2.7860 GBP

10 10/11p ordinary

CFD

Increasing Short

12,000

2.7354 GBP

10 10/11p ordinary

CFD

Increasing Short

1,973

2.7606 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

 

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

 

Is a Supplemental Form 8 (Open Positions) attached?

NO

Date of disclosure:

11 Mar 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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END
 
 
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