20th Jun 2025 14:31
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: | 19 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: | 35,171,351 | 2.68% | 3,268,653 | 2.68% | |||
(2) Cash-settled derivatives: | 3,566,321 | 0.27% | 34,646,718 | 2.64% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
TOTAL: | 38,737,672 | 2.95% | 37,915,371 | 5.32% | |||
(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 | 85,975 | 3.0521 GBP | ||||
10 10/11p ordinary | Purchase | 75,497 | 3.0605 GBP | ||||
10 10/11p ordinary | Purchase | 64,023 | 3.0467 GBP | ||||
10 10/11p ordinary | Purchase | 35,936 | 3.0440 GBP | ||||
10 10/11p ordinary | Purchase | 33,606 | 3.0519 GBP | ||||
10 10/11p ordinary | Purchase | 30,690 | 3.0596 GBP | ||||
10 10/11p ordinary | Purchase | 19,181 | 3.0586 GBP | ||||
10 10/11p ordinary | Purchase | 10,803 | 3.0567 GBP | ||||
10 10/11p ordinary | Purchase | 8,961 | 3.0545 GBP | ||||
10 10/11p ordinary | Purchase | 5,496 | 3.0530 GBP | ||||
10 10/11p ordinary | Purchase | 2,408 | 3.0600 GBP | ||||
10 10/11p ordinary | Purchase | 2,377 | 3.0620 GBP | ||||
10 10/11p ordinary | Purchase | 1,894 | 3.0546 GBP | ||||
10 10/11p ordinary | Purchase | 1,783 | 3.0601 GBP | ||||
10 10/11p ordinary | Purchase | 1,310 | 3.0480 GBP | ||||
10 10/11p ordinary | Purchase | 1,143 | 3.0520 GBP | ||||
10 10/11p ordinary | Purchase | 1,081 | 3.0500 GBP | ||||
10 10/11p ordinary | Purchase | 917 | 3.0610 GBP | ||||
10 10/11p ordinary | Purchase | 819 | 3.0630 GBP | ||||
10 10/11p ordinary | Purchase | 758 | 3.0604 GBP | ||||
10 10/11p ordinary | Sale | 88,081 | 3.0439 GBP | ||||
10 10/11p ordinary | Sale | 44,599 | 3.0569 GBP | ||||
10 10/11p ordinary | Sale | 35,771 | 3.0471 GBP | ||||
10 10/11p ordinary | Sale | 32,900 | 3.0619 GBP | ||||
10 10/11p ordinary | Sale | 29,777 | 3.0582 GBP | ||||
10 10/11p ordinary | Sale | 22,472 | 3.0577 GBP | ||||
10 10/11p ordinary | Sale | 17,053 | 3.0584 GBP | ||||
10 10/11p ordinary | Sale | 14,723 | 3.0625 GBP | ||||
10 10/11p ordinary | Sale | 14,257 | 3.0517 GBP | ||||
10 10/11p ordinary | Sale | 7,929 | 3.0440 GBP | ||||
10 10/11p ordinary | Sale | 7,083 | 3.0548 GBP | ||||
10 10/11p ordinary | Sale | 5,840 | 3.0620 GBP | ||||
10 10/11p ordinary | Sale | 5,119 | 3.0506 GBP | ||||
10 10/11p ordinary | Sale | 4,497 | 3.0437 GBP | ||||
10 10/11p ordinary | Sale | 3,279 | 3.0624 GBP | ||||
10 10/11p ordinary | Sale | 2,377 | 3.0560 GBP | ||||
10 10/11p ordinary | Sale | 1,816 | 3.0600 GBP | ||||
10 10/11p ordinary | Sale | 1,732 | 3.0618 GBP | ||||
10 10/11p ordinary | Sale | 989 | 3.0500 GBP | ||||
10 10/11p ordinary | Sale | 957 | 3.0519 GBP | ||||
10 10/11p ordinary | Sale | 889 | 3.0593 GBP | ||||
10 10/11p ordinary | Sale | 52 | 3.0601 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 | 4,497 | 3.0437 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 88,081 | 3.0439 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 12,763 | 3.0517 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 2,451 | 3.0519 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 103 | 3.0537 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 11,150 | 3.0540 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 29,777 | 3.0582 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 17,053 | 3.0584 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 4,644 | 3.0588 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 11,686 | 3.0602 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 996 | 3.0620 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 50,204 | 3.0440 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 1,811 | 3.0493 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 1,081 | 3.0500 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 1,143 | 3.0520 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 85,975 | 3.0521 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 8,961 | 3.0545 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 30,690 | 3.0596 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 2,234 | 3.0600 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 17,000 | 3.0637 GBP | |||
10 10/11p ordinary | CFD | Decreasing Short | 36,973 | 3.0557 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 22,300 | 3.0442 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 44,899 | 3.0540 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 3,417 | 3.0562 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 819 | 3.0622 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: | 20 Jun 2025 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||
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