22nd Apr 2025 07:23
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: | 17 Apr 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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| 36,835,059 | 2.81% | 6,441,252 | 0.49% |
(2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 6,697,585 | 0.51% | 35,980,790 | 2.74% |
(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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| 43,532,644 | 3.32% | 42,422,042 | 3.23% |
(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 | 182,224 | 2.7392 GBP | ||||
10 10/11p ordinary | Purchase | 159,279 | 2.7390 GBP | ||||
10 10/11p ordinary | Purchase | 70,375 | 2.7384 GBP | ||||
10 10/11p ordinary | Purchase | 32,225 | 2.7388 GBP | ||||
10 10/11p ordinary | Purchase | 30,723 | 2.7435 GBP | ||||
10 10/11p ordinary | Purchase | 25,196 | 2.7353 GBP | ||||
10 10/11p ordinary | Purchase | 23,643 | 2.7395 GBP | ||||
10 10/11p ordinary | Purchase | 17,100 | 2.7371 GBP | ||||
10 10/11p ordinary | Purchase | 16,900 | 2.7346 GBP | ||||
10 10/11p ordinary | Purchase | 12,078 | 2.7385 GBP | ||||
10 10/11p ordinary | Purchase | 9,375 | 2.7347 GBP | ||||
10 10/11p ordinary | Purchase | 9,359 | 2.7400 GBP | ||||
10 10/11p ordinary | Purchase | 8,686 | 2.7466 GBP | ||||
10 10/11p ordinary | Purchase | 5,373 | 2.7460 GBP | ||||
10 10/11p ordinary | Purchase | 4,966 | 2.7306 GBP | ||||
10 10/11p ordinary | Purchase | 4,636 | 2.7357 GBP | ||||
10 10/11p ordinary | Purchase | 4,237 | 2.7492 GBP | ||||
10 10/11p ordinary | Purchase | 4,210 | 2.7380 GBP | ||||
10 10/11p ordinary | Purchase | 3,139 | 2.7375 GBP | ||||
10 10/11p ordinary | Purchase | 3,043 | 2.7500 GBP | ||||
10 10/11p ordinary | Purchase | 2,741 | 2.7446 GBP | ||||
10 10/11p ordinary | Purchase | 2,400 | 2.7470 GBP | ||||
10 10/11p ordinary | Purchase | 2,039 | 2.7440 GBP | ||||
10 10/11p ordinary | Purchase | 1,451 | 2.7480 GBP | ||||
10 10/11p ordinary | Purchase | 1,353 | 2.7312 GBP | ||||
10 10/11p ordinary | Purchase | 1,063 | 2.7430 GBP | ||||
10 10/11p ordinary | Purchase | 909 | 2.7415 GBP | ||||
10 10/11p ordinary | Purchase | 906 | 2.7420 GBP | ||||
10 10/11p ordinary | Purchase | 497 | 2.7402 GBP | ||||
10 10/11p ordinary | Purchase | 354 | 2.7325 GBP | ||||
10 10/11p ordinary | Purchase | 182 | 2.7309 GBP | ||||
10 10/11p ordinary | Purchase | 5 | 2.7237 GBP | ||||
10 10/11p ordinary | Purchase | 3 | 2.7277 GBP | ||||
10 10/11p ordinary | Sale | 113,426 | 2.7382 GBP | ||||
10 10/11p ordinary | Sale | 93,689 | 2.7396 GBP | ||||
10 10/11p ordinary | Sale | 49,232 | 2.7399 GBP | ||||
10 10/11p ordinary | Sale | 42,099 | 2.7344 GBP | ||||
10 10/11p ordinary | Sale | 31,264 | 2.7392 GBP | ||||
10 10/11p ordinary | Sale | 15,551 | 2.7368 GBP | ||||
10 10/11p ordinary | Sale | 12,581 | 2.7398 GBP | ||||
10 10/11p ordinary | Sale | 11,674 | 2.7406 GBP | ||||
10 10/11p ordinary | Sale | 8,953 | 2.7341 GBP | ||||
10 10/11p ordinary | Sale | 7,451 | 2.7407 GBP | ||||
10 10/11p ordinary | Sale | 7,003 | 2.7374 GBP | ||||
10 10/11p ordinary | Sale | 6,643 | 2.7416 GBP | ||||
10 10/11p ordinary | Sale | 5,708 | 2.7365 GBP | ||||
10 10/11p ordinary | Sale | 5,344 | 2.7400 GBP | ||||
10 10/11p ordinary | Sale | 3,344 | 2.7402 GBP | ||||
10 10/11p ordinary | Sale | 2,276 | 2.7380 GBP | ||||
10 10/11p ordinary | Sale | 2,214 | 2.7462 GBP | ||||
10 10/11p ordinary | Sale | 2,112 | 2.7390 GBP | ||||
10 10/11p ordinary | Sale | 2,050 | 2.7340 GBP | ||||
10 10/11p ordinary | Sale | 2,039 | 2.7440 GBP | ||||
10 10/11p ordinary | Sale | 1,996 | 2.7267 GBP | ||||
10 10/11p ordinary | Sale | 1,397 | 2.7364 GBP | ||||
10 10/11p ordinary | Sale | 1,256 | 2.7360 GBP | ||||
10 10/11p ordinary | Sale | 1,204 | 2.7369 GBP | ||||
10 10/11p ordinary | Sale | 1,190 | 2.7480 GBP | ||||
10 10/11p ordinary | Sale | 1,153 | 2.7460 GBP | ||||
10 10/11p ordinary | Sale | 1,063 | 2.7430 GBP | ||||
10 10/11p ordinary | Sale | 906 | 2.7420 GBP | ||||
10 10/11p ordinary | Sale | 488 | 2.7300 GBP | ||||
10 10/11p ordinary | Sale | 448 | 2.7483 GBP | ||||
10 10/11p ordinary | Sale | 409 | 2.7479 GBP | ||||
10 10/11p ordinary | Sale | 394 | 2.7318 GBP | ||||
10 10/11p ordinary | Sale | 300 | 2.7293 GBP | ||||
10 10/11p ordinary | Sale | 182 | 2.7311 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 |
| reference | unit | |||
security |
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10 10/11p ordinary | SWAP | Decreasing Short | 160 | 2.7259 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 488 | 2.7300 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 888 | 2.7313 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 8,953 | 2.7341 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 15,551 | 2.7368 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 49,232 | 2.7399 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 12,799 | 2.7402 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 7,451 | 2.7407 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 248 | 2.7320 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 16,900 | 2.7346 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 25,196 | 2.7353 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 4,133 | 2.7380 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 60,613 | 2.7400 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 497 | 2.7402 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 13,100 | 2.7415 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 30,723 | 2.7435 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 15,413 | 2.7440 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 10,494 | 2.7450 GBP | |||
10 10/11p ordinary | CFD | Decreasing Short | 11,234 | 2.7343 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 8,006 | 2.7352 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 9,216 | 2.7376 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 96,180 | 2.7381 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 18,627 | 2.7442 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: | 22 Apr 2025 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||
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Related Shares:
BarclaysDirect Line