25th Apr 2025 15:10
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: | 24 Apr 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: | 38,518,168 | 2.94% | 5,800,541 | 0.44% | |||
(2) Cash-settled derivatives: | 6,062,715 | 0.46% | 37,624,630 | 2.87% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
TOTAL: | 44,580,883 | 3.40% | 43,425,171 | 3.31% | |||
(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 | 433,500 | 2.7899 GBP | ||||
10 10/11p ordinary | Purchase | 255,000 | 2.7957 GBP | ||||
10 10/11p ordinary | Purchase | 250,000 | 2.7840 GBP | ||||
10 10/11p ordinary | Purchase | 250,000 | 2.7918 GBP | ||||
10 10/11p ordinary | Purchase | 180,080 | 2.7844 GBP | ||||
10 10/11p ordinary | Purchase | 95,772 | 2.7910 GBP | ||||
10 10/11p ordinary | Purchase | 80,646 | 2.7900 GBP | ||||
10 10/11p ordinary | Purchase | 48,951 | 2.7950 GBP | ||||
10 10/11p ordinary | Purchase | 47,717 | 2.7778 GBP | ||||
10 10/11p ordinary | Purchase | 43,241 | 2.7928 GBP | ||||
10 10/11p ordinary | Purchase | 33,911 | 2.7853 GBP | ||||
10 10/11p ordinary | Purchase | 22,917 | 2.7962 GBP | ||||
10 10/11p ordinary | Purchase | 21,098 | 2.7880 GBP | ||||
10 10/11p ordinary | Purchase | 20,034 | 2.7842 GBP | ||||
10 10/11p ordinary | Purchase | 9,616 | 2.7871 GBP | ||||
10 10/11p ordinary | Purchase | 8,391 | 2.7854 GBP | ||||
10 10/11p ordinary | Purchase | 5,569 | 2.7887 GBP | ||||
10 10/11p ordinary | Purchase | 5,482 | 2.7903 GBP | ||||
10 10/11p ordinary | Purchase | 4,943 | 2.7908 GBP | ||||
10 10/11p ordinary | Purchase | 3,833 | 2.7920 GBP | ||||
10 10/11p ordinary | Purchase | 3,289 | 2.7860 GBP | ||||
10 10/11p ordinary | Purchase | 3,121 | 2.7800 GBP | ||||
10 10/11p ordinary | Purchase | 2,842 | 2.7812 GBP | ||||
10 10/11p ordinary | Purchase | 2,769 | 2.7917 GBP | ||||
10 10/11p ordinary | Purchase | 2,450 | 2.7818 GBP | ||||
10 10/11p ordinary | Purchase | 2,137 | 2.7843 GBP | ||||
10 10/11p ordinary | Purchase | 2,098 | 2.7830 GBP | ||||
10 10/11p ordinary | Purchase | 1,233 | 2.7960 GBP | ||||
10 10/11p ordinary | Purchase | 999 | 2.7820 GBP | ||||
10 10/11p ordinary | Purchase | 930 | 2.7914 GBP | ||||
10 10/11p ordinary | Purchase | 815 | 2.7687 GBP | ||||
10 10/11p ordinary | Purchase | 810 | 2.7780 GBP | ||||
10 10/11p ordinary | Purchase | 269 | 2.7882 GBP | ||||
10 10/11p ordinary | Sale | 196,619 | 2.7836 GBP | ||||
10 10/11p ordinary | Sale | 100,472 | 2.7800 GBP | ||||
10 10/11p ordinary | Sale | 48,371 | 2.7807 GBP | ||||
10 10/11p ordinary | Sale | 47,134 | 2.7779 GBP | ||||
10 10/11p ordinary | Sale | 36,589 | 2.7830 GBP | ||||
10 10/11p ordinary | Sale | 36,252 | 2.7913 GBP | ||||
10 10/11p ordinary | Sale | 31,425 | 2.7855 GBP | ||||
10 10/11p ordinary | Sale | 23,208 | 2.7774 GBP | ||||
10 10/11p ordinary | Sale | 17,400 | 2.7892 GBP | ||||
10 10/11p ordinary | Sale | 12,512 | 2.7757 GBP | ||||
10 10/11p ordinary | Sale | 9,461 | 2.7760 GBP | ||||
10 10/11p ordinary | Sale | 6,321 | 2.7796 GBP | ||||
10 10/11p ordinary | Sale | 5,206 | 2.7884 GBP | ||||
10 10/11p ordinary | Sale | 4,964 | 2.7857 GBP | ||||
10 10/11p ordinary | Sale | 4,595 | 2.7886 GBP | ||||
10 10/11p ordinary | Sale | 3,335 | 2.7814 GBP | ||||
10 10/11p ordinary | Sale | 2,374 | 2.7765 GBP | ||||
10 10/11p ordinary | Sale | 2,179 | 2.7889 GBP | ||||
10 10/11p ordinary | Sale | 2,083 | 2.7740 GBP | ||||
10 10/11p ordinary | Sale | 1,986 | 2.7770 GBP | ||||
10 10/11p ordinary | Sale | 1,225 | 2.7818 GBP | ||||
10 10/11p ordinary | Sale | 930 | 2.7917 GBP | ||||
10 10/11p ordinary | Sale | 815 | 2.7690 GBP | ||||
10 10/11p ordinary | Sale | 705 | 2.7900 GBP | ||||
10 10/11p ordinary | Sale | 270 | 2.7799 GBP | ||||
10 10/11p ordinary | Sale | 269 | 2.7885 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 | Increasing Short | 433,500 | 2.7899 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 255,000 | 2.7957 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 13,031 | 2.7768 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 12,667 | 2.7771 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 47,134 | 2.7779 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 8,306 | 2.7800 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 1,669 | 2.7805 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 48,271 | 2.7807 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 196,619 | 2.7836 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 100 | 2.7859 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 15,153 | 2.7800 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 26,114 | 2.7801 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 2,098 | 2.7830 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 9,770 | 2.7831 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 250,000 | 2.7840 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 34,619 | 2.7877 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 2 | 2.7880 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 8,251 | 2.7891 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 11,838 | 2.7895 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 90,501 | 2.7910 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 295,767 | 2.7918 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 43,241 | 2.7928 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 48,951 | 2.7950 GBP | |||
10 10/11p ordinary | CFD | Decreasing Short | 13,037 | 2.7771 GBP | |||
10 10/11p ordinary | CFD | Decreasing Short | 11,076 | 2.7906 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 2,842 | 2.7812 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 1,225 | 2.7819 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 1,949 | 2.7860 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 55,002 | 2.7872 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: | 25 Apr 2025 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 |
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