2nd Jun 2025 15:09
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: | 30 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: |
|
| 41,766,663 | 3.18% | 3,977,565 | 0.30% |
(2) | Cash-settled derivatives: |
|
|
|
| ||
| and/or controlled: |
|
| 4,268,395 | 0.33% | 41,044,955 | 3.13% |
(3) | Stock-settled derivatives (including options) |
|
|
|
| ||
| and agreements to purchase/sell: |
|
| 0 | 0.00% | 0 | 0.00% |
|
|
|
|
|
|
|
|
| TOTAL: |
|
| 46,035,058 | 3.51% | 45,022,520 | 3.43% |
(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 | 1,801,351 | 2.9779 GBP | ||||
10 10/11p ordinary | Purchase | 253,775 | 2.9760 GBP | ||||
10 10/11p ordinary | Purchase | 117,027 | 3.0010 GBP | ||||
10 10/11p ordinary | Purchase | 34,762 | 3.0179 GBP | ||||
10 10/11p ordinary | Purchase | 23,931 | 3.0201 GBP | ||||
10 10/11p ordinary | Purchase | 12,531 | 3.0178 GBP | ||||
10 10/11p ordinary | Purchase | 6,546 | 3.0149 GBP | ||||
10 10/11p ordinary | Purchase | 6,459 | 2.9944 GBP | ||||
10 10/11p ordinary | Purchase | 6,353 | 3.0131 GBP | ||||
10 10/11p ordinary | Purchase | 3,923 | 3.0380 GBP | ||||
10 10/11p ordinary | Purchase | 3,306 | 3.0185 GBP | ||||
ADR | Purchase | 3,000 | 16.2466 USD | ||||
10 10/11p ordinary | Purchase | 2,160 | 3.0120 GBP | ||||
10 10/11p ordinary | Purchase | 1,926 | 3.0099 GBP | ||||
10 10/11p ordinary | Purchase | 1,711 | 2.9879 GBP | ||||
10 10/11p ordinary | Purchase | 1,063 | 3.0260 GBP | ||||
10 10/11p ordinary | Purchase | 1,063 | 3.0259 GBP | ||||
10 10/11p ordinary | Purchase | 955 | 3.0000 GBP | ||||
10 10/11p ordinary | Purchase | 946 | 3.0040 GBP | ||||
10 10/11p ordinary | Purchase | 773 | 3.0100 GBP | ||||
10 10/11p ordinary | Purchase | 553 | 3.0070 GBP | ||||
10 10/11p ordinary | Purchase | 319 | 3.0140 GBP | ||||
10 10/11p ordinary | Purchase | 268 | 2.9761 GBP | ||||
10 10/11p ordinary | Purchase | 232 | 3.0220 GBP | ||||
10 10/11p ordinary | Purchase | 7 | 3.0280 GBP | ||||
10 10/11p ordinary | Sale | 1,054,416 | 2.9760 GBP | ||||
10 10/11p ordinary | Sale | 117,027 | 3.0013 GBP | ||||
10 10/11p ordinary | Sale | 34,676 | 2.9777 GBP | ||||
10 10/11p ordinary | Sale | 11,309 | 3.0028 GBP | ||||
10 10/11p ordinary | Sale | 5,000 | 3.0158 GBP | ||||
10 10/11p ordinary | Sale | 4,087 | 3.0145 GBP | ||||
ADR | Sale | 3,000 | 16.2466 USD | ||||
10 10/11p ordinary | Sale | 2,711 | 3.0160 GBP | ||||
10 10/11p ordinary | Sale | 2,700 | 3.0277 GBP | ||||
10 10/11p ordinary | Sale | 1,495 | 3.0143 GBP | ||||
10 10/11p ordinary | Sale | 1,309 | 3.0080 GBP | ||||
10 10/11p ordinary | Sale | 1,268 | 3.0164 GBP | ||||
10 10/11p ordinary | Sale | 1,178 | 3.0120 GBP | ||||
10 10/11p ordinary | Sale | 1,169 | 3.0146 GBP | ||||
10 10/11p ordinary | Sale | 1,063 | 3.0260 GBP | ||||
10 10/11p ordinary | Sale | 778 | 3.0100 GBP | ||||
10 10/11p ordinary | Sale | 319 | 3.0140 GBP | ||||
10 10/11p ordinary | Sale | 232 | 3.0220 GBP | ||||
10 10/11p ordinary | Sale | 118 | 3.0060 GBP | ||||
10 10/11p ordinary | Sale | 7 | 3.0283 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 | 2,180 | 2.9760 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 11,309 | 3.0028 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 3,580 | 3.0124 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 1,981 | 3.0139 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 4,087 | 3.0145 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 3,019 | 3.0171 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 2,700 | 3.0277 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 733,450 | 2.9760 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 165,110 | 2.9763 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 1,711 | 2.9879 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 6,459 | 2.9944 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 7,920 | 3.0136 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 8,344 | 3.0157 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 12,531 | 3.0178 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 23,931 | 3.0201 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 3,923 | 3.0380 GBP | |||
10 10/11p ordinary | CFD | Decreasing Short | 1,310 | 2.9760 GBP | |||
10 10/11p ordinary | CFD | Decreasing Short | 118 | 3.0060 GBP | |||
10 10/11p ordinary | CFD | Decreasing Short | 5 | 3.0100 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 20,431 | 2.9843 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 428 | 3.0062 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 773 | 3.0100 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 2,572 | 3.0155 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 23,782 | 3.0200 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 56,373 | 3.0211 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 3,908 | 3.0307 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: | 02 Jun 2025 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Related Shares:
BarclaysDirect Line