15th May 2025 14:52
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 | DIRECT LINE INSURANCE GROUP PLC | |||||
| relevant securities this form relates: | ||||||
(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: | 14 May 2025 | |||||
(f) | In addition to the company in 1(c) above, is the discloser making | YES: |
|
| |||
| disclosures in respect of any other party to the offer? | 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: |
|
| 40,239,935 | 3.07% | 5,754,237 | 0.43% |
(2) | Cash-settled derivatives: |
|
|
|
| ||
| and/or controlled: |
|
| 6,260,377 | 0.48% | 39,487,792 | 3.01% |
(3) | Stock-settled derivatives (including options) |
|
|
|
| ||
| and agreements to purchase/sell: |
|
| 0 | 0.00% | 0 | 0.00% |
|
|
|
|
|
|
|
|
| TOTAL: |
|
| 46,500,312 | 3.55% | 45,242,029 | 3.44% |
(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 EXEMPT PRINCIPAL TRADER | ||||||
(a) | Purchases and sales |
|
|
|
|
| |
Class of relevant | Purchase/sale | Number of | Price per unit | ||||
security |
| securities |
| ||||
10 10/11p ordinary | Purchase | 500,000 | 2.8783 GBP | ||||
10 10/11p ordinary | Purchase | 200,473 | 2.8862 GBP | ||||
10 10/11p ordinary | Purchase | 191,811 | 2.8899 GBP | ||||
10 10/11p ordinary | Purchase | 185,206 | 2.8757 GBP | ||||
10 10/11p ordinary | Purchase | 171,997 | 2.8849 GBP | ||||
10 10/11p ordinary | Purchase | 152,586 | 2.8740 GBP | ||||
10 10/11p ordinary | Purchase | 103,401 | 2.8844 GBP | ||||
10 10/11p ordinary | Purchase | 39,157 | 2.8756 GBP | ||||
10 10/11p ordinary | Purchase | 33,016 | 2.8853 GBP | ||||
10 10/11p ordinary | Purchase | 23,300 | 2.8882 GBP | ||||
10 10/11p ordinary | Purchase | 17,942 | 2.8981 GBP | ||||
10 10/11p ordinary | Purchase | 15,265 | 2.8920 GBP | ||||
10 10/11p ordinary | Purchase | 12,787 | 2.8872 GBP | ||||
10 10/11p ordinary | Purchase | 8,978 | 2.8819 GBP | ||||
10 10/11p ordinary | Purchase | 7,110 | 2.8762 GBP | ||||
10 10/11p ordinary | Purchase | 6,426 | 2.8845 GBP | ||||
10 10/11p ordinary | Purchase | 5,909 | 2.8930 GBP | ||||
10 10/11p ordinary | Purchase | 5,415 | 2.8831 GBP | ||||
10 10/11p ordinary | Purchase | 4,569 | 2.8827 GBP | ||||
10 10/11p ordinary | Purchase | 2,481 | 2.8881 GBP | ||||
10 10/11p ordinary | Purchase | 1,464 | 2.8919 GBP | ||||
10 10/11p ordinary | Purchase | 1,384 | 2.8910 GBP | ||||
10 10/11p ordinary | Purchase | 989 | 2.8501 GBP | ||||
10 10/11p ordinary | Purchase | 768 | 2.8927 GBP | ||||
10 10/11p ordinary | Purchase | 676 | 2.8870 GBP | ||||
10 10/11p ordinary | Purchase | 348 | 2.8898 GBP | ||||
10 10/11p ordinary | Purchase | 266 | 2.8720 GBP | ||||
10 10/11p ordinary | Purchase | 206 | 2.8915 GBP | ||||
10 10/11p ordinary | Purchase | 130 | 2.8858 GBP | ||||
10 10/11p ordinary | Purchase | 129 | 2.8860 GBP | ||||
10 10/11p ordinary | Purchase | 15 | 2.8857 GBP | ||||
10 10/11p ordinary | Purchase | 4 | 2.8770 GBP | ||||
10 10/11p ordinary | Purchase | 2 | 2.8717 GBP | ||||
10 10/11p ordinary | Purchase | 1 | 2.8840 GBP | ||||
10 10/11p ordinary | Sale | 151,632 | 2.8877 GBP | ||||
10 10/11p ordinary | Sale | 98,791 | 2.8844 GBP | ||||
10 10/11p ordinary | Sale | 73,790 | 2.8791 GBP | ||||
10 10/11p ordinary | Sale | 56,617 | 2.8740 GBP | ||||
10 10/11p ordinary | Sale | 45,519 | 2.8876 GBP | ||||
10 10/11p ordinary | Sale | 44,914 | 2.8875 GBP | ||||
10 10/11p ordinary | Sale | 28,808 | 2.8863 GBP | ||||
10 10/11p ordinary | Sale | 24,914 | 2.8848 GBP | ||||
10 10/11p ordinary | Sale | 16,603 | 2.8842 GBP | ||||
10 10/11p ordinary | Sale | 10,039 | 2.8747 GBP | ||||
10 10/11p ordinary | Sale | 4,724 | 2.8919 GBP | ||||
10 10/11p ordinary | Sale | 3,619 | 2.8912 GBP | ||||
10 10/11p ordinary | Sale | 1,533 | 2.8843 GBP | ||||
10 10/11p ordinary | Sale | 1,516 | 2.8819 GBP | ||||
10 10/11p ordinary | Sale | 558 | 2.8900 GBP | ||||
10 10/11p ordinary | Sale | 494 | 2.8779 GBP | ||||
10 10/11p ordinary | Sale | 363 | 2.8899 GBP | ||||
10 10/11p ordinary | Sale | 306 | 2.8920 GBP | ||||
10 10/11p ordinary | Sale | 206 | 2.8917 GBP | ||||
10 10/11p ordinary | Sale | 129 | 2.8860 GBP | ||||
10 10/11p ordinary | Sale | 105 | 2.8845 GBP | ||||
10 10/11p ordinary | Sale | 12 | 2.8720 GBP | ||||
10 10/11p ordinary | Sale | 1 | 2.8840 GBP | ||||
|
|
|
|
|
|
|
|
(b) | Cash-settled derivative transactions |
| |||||
Class of | Product | Nature of dealing | Number of | Price per | |||
relevant | description |
| reference | unit | |||
security |
|
| securities |
| |||
10 10/11p ordinary | SWAP | Decreasing Short | 3 | 2.8500 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 10,039 | 2.8747 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 494 | 2.8779 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 71,884 | 2.8790 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 19,153 | 2.8835 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 105 | 2.8845 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 1,906 | 2.8846 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 7,106 | 2.8873 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 45,519 | 2.8876 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 19,544 | 2.8881 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 558 | 2.8900 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 4,724 | 2.8919 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 232,566 | 2.8740 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 12,297 | 2.8741 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 226,186 | 2.8760 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 500,000 | 2.8783 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 1,596 | 2.8818 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 103,401 | 2.8844 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 9,632 | 2.8847 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 171,997 | 2.8849 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 39,624 | 2.8861 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 35,727 | 2.8862 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 2,481 | 2.8881 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 23,300 | 2.8882 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 182,179 | 2.8902 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 15,265 | 2.8920 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 25 | 2.8960 GBP | |||
10 10/11p ordinary | CFD | Decreasing Short | 14,244 | 2.8740 GBP | |||
10 10/11p ordinary | CFD | Decreasing Short | 14 | 2.8742 GBP | |||
10 10/11p ordinary | CFD | Decreasing Short | 9,967 | 2.8860 GBP | |||
10 10/11p ordinary | CFD | Decreasing Short | 22,818 | 2.8887 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 670 | 2.8740 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 7,091 | 2.8747 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 7,110 | 2.8762 GBP | |||
|
|
|
|
|
|
|
|
(c) | Stock-settled derivative transactions (including options) |
| |||||
(i) | Writing, selling, purchasing or varying |
| |||||
Class | Product | Writing, | Number | Exercise | Type | Expiry | Option |
of | description | purchasing, | of | price |
| date | money |
relevant |
| selling, | securities | per unit |
|
| paid/ |
security |
| varying etc | to which |
|
|
| received |
|
|
| option |
|
|
| per unit |
|
|
| relates |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(ii) | Exercising |
|
|
|
|
|
|
Class of relevant | Product description | Exercising/ exercised against | Number of | Exercise price per | |||
security |
|
| securities | unit | |||
|
|
|
|
| |||
|
|
|
|
|
|
|
|
(d) | Other dealings (including subscribing for new securities) |
| |||||
Class of relevant | Nature of Dealings | Details | Price per unit (if | ||||
security |
|
| 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 exempt principal trader 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: | 15 May 2025 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Related Shares:
BarclaysDirect Line