20th Feb 2025 10:43
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 Feb 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: | 17,764,913 | 1.35% | 12,256,330 | 0.93% | |||
(2) Cash-settled derivatives: | 12,985,076 | 0.99% | 17,476,933 | 1.33% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
TOTAL: | 30,749,989 | 2.34% | 29,733,263 | 2.27% | |||
Class of relevant security: | Restricted Tier 1 Note XS1728036366 | ||||||
Interests | Short Positions | ||||||
Number | (%) | Number | (%) | ||||
(1) Relevant securities owned and/or controlled: | 200,000 | 0.06% | 0 | 0.00% | |||
(2) Cash-settled derivatives: | 0 | 0.00% | 0 | 0.00% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
TOTAL: | 200,000 | 0.06% | 0 | 0.00% | |||
(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 | 1,000,000 | 2.6588 GBP | ||||
10 10/11p ordinary | Purchase | 250,000 | 2.6343 GBP | ||||
10 10/11p ordinary | Purchase | 170,200 | 2.6340 GBP | ||||
10 10/11p ordinary | Purchase | 81,684 | 2.6503 GBP | ||||
10 10/11p ordinary | Purchase | 43,691 | 2.6377 GBP | ||||
10 10/11p ordinary | Purchase | 35,540 | 2.6415 GBP | ||||
10 10/11p ordinary | Purchase | 33,937 | 2.6511 GBP | ||||
10 10/11p ordinary | Purchase | 31,018 | 2.6393 GBP | ||||
10 10/11p ordinary | Purchase | 19,218 | 2.6485 GBP | ||||
10 10/11p ordinary | Purchase | 14,664 | 2.6438 GBP | ||||
10 10/11p ordinary | Purchase | 12,575 | 2.6360 GBP | ||||
10 10/11p ordinary | Purchase | 9,288 | 2.6366 GBP | ||||
10 10/11p ordinary | Purchase | 9,155 | 2.6453 GBP | ||||
10 10/11p ordinary | Purchase | 8,003 | 2.6384 GBP | ||||
10 10/11p ordinary | Purchase | 7,019 | 2.6527 GBP | ||||
10 10/11p ordinary | Purchase | 6,794 | 2.6416 GBP | ||||
10 10/11p ordinary | Purchase | 6,374 | 2.6368 GBP | ||||
10 10/11p ordinary | Purchase | 4,998 | 2.6560 GBP | ||||
10 10/11p ordinary | Purchase | 4,832 | 2.6574 GBP | ||||
10 10/11p ordinary | Purchase | 4,029 | 2.6379 GBP | ||||
10 10/11p ordinary | Purchase | 3,805 | 2.6405 GBP | ||||
10 10/11p ordinary | Purchase | 3,561 | 2.6497 GBP | ||||
10 10/11p ordinary | Purchase | 3,487 | 2.6390 GBP | ||||
10 10/11p ordinary | Purchase | 3,069 | 2.6396 GBP | ||||
10 10/11p ordinary | Purchase | 3,034 | 2.6380 GBP | ||||
10 10/11p ordinary | Purchase | 2,362 | 2.6319 GBP | ||||
10 10/11p ordinary | Purchase | 2,052 | 2.6520 GBP | ||||
10 10/11p ordinary | Purchase | 2,052 | 2.6440 GBP | ||||
10 10/11p ordinary | Purchase | 1,872 | 2.6577 GBP | ||||
10 10/11p ordinary | Purchase | 1,792 | 2.6365 GBP | ||||
10 10/11p ordinary | Purchase | 1,692 | 2.6589 GBP | ||||
10 10/11p ordinary | Purchase | 1,367 | 2.6350 GBP | ||||
10 10/11p ordinary | Purchase | 653 | 2.6445 GBP | ||||
10 10/11p ordinary | Purchase | 591 | 2.6399 GBP | ||||
10 10/11p ordinary | Purchase | 508 | 2.6400 GBP | ||||
10 10/11p ordinary | Purchase | 71 | 2.6420 GBP | ||||
10 10/11p ordinary | Sale | 250,000 | 2.6316 GBP | ||||
10 10/11p ordinary | Sale | 193,410 | 2.6380 GBP | ||||
10 10/11p ordinary | Sale | 132,247 | 2.6388 GBP | ||||
10 10/11p ordinary | Sale | 113,712 | 2.6455 GBP | ||||
10 10/11p ordinary | Sale | 108,847 | 2.6347 GBP | ||||
10 10/11p ordinary | Sale | 100,992 | 2.6382 GBP | ||||
10 10/11p ordinary | Sale | 82,168 | 2.6340 GBP | ||||
10 10/11p ordinary | Sale | 53,524 | 2.6375 GBP | ||||
10 10/11p ordinary | Sale | 53,315 | 2.6384 GBP | ||||
10 10/11p ordinary | Sale | 45,027 | 2.6499 GBP | ||||
10 10/11p ordinary | Sale | 38,766 | 2.6406 GBP | ||||
10 10/11p ordinary | Sale | 17,770 | 2.6415 GBP | ||||
10 10/11p ordinary | Sale | 13,006 | 2.6467 GBP | ||||
10 10/11p ordinary | Sale | 11,961 | 2.6355 GBP | ||||
10 10/11p ordinary | Sale | 11,621 | 2.6394 GBP | ||||
10 10/11p ordinary | Sale | 8,358 | 2.6448 GBP | ||||
10 10/11p ordinary | Sale | 8,327 | 2.6402 GBP | ||||
10 10/11p ordinary | Sale | 7,334 | 2.6397 GBP | ||||
10 10/11p ordinary | Sale | 5,449 | 2.6580 GBP | ||||
10 10/11p ordinary | Sale | 3,470 | 2.6470 GBP | ||||
10 10/11p ordinary | Sale | 2,679 | 2.6454 GBP | ||||
10 10/11p ordinary | Sale | 2,390 | 2.6500 GBP | ||||
10 10/11p ordinary | Sale | 1,986 | 2.6560 GBP | ||||
10 10/11p ordinary | Sale | 1,219 | 2.6360 GBP | ||||
10 10/11p ordinary | Sale | 1,026 | 2.6440 GBP | ||||
10 10/11p ordinary | Sale | 537 | 2.6494 GBP | ||||
10 10/11p ordinary | Sale | 495 | 2.6602 GBP | ||||
10 10/11p ordinary | Sale | 254 | 2.6400 GBP | ||||
10 10/11p ordinary | Sale | 209 | 2.6338 GBP | ||||
10 10/11p ordinary | Sale | 71 | 2.6420 GBP | ||||
10 10/11p ordinary | Sale | 10 | 2.6386 GBP | ||||
10 10/11p ordinary | Sale | 7 | 2.6379 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 Long | 250,000 | 2.6316 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 209 | 2.6337 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 3,108 | 2.6338 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 137,277 | 2.6340 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 42,920 | 2.6344 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 71,716 | 2.6351 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 53,524 | 2.6375 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 7 | 2.6379 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 42,386 | 2.6383 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 113,090 | 2.6388 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 28,403 | 2.6395 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 5,550 | 2.6402 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 38,766 | 2.6406 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 1,407 | 2.6440 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 7,228 | 2.6452 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 62,891 | 2.6457 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 29,276 | 2.6458 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Long | 2,362 | 2.6320 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Long | 500 | 2.6340 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Long | 74,072 | 2.6341 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Long | 250,000 | 2.6343 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Long | 33,820 | 2.6360 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Long | 4,029 | 2.6379 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Long | 235 | 2.6380 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Long | 3,222 | 2.6426 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Long | 33,937 | 2.6511 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Long | 7,019 | 2.6527 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Long | 5,300 | 2.6548 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Long | 4,832 | 2.6574 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Long | 1,000,000 | 2.6588 GBP | |||
10 10/11p ordinary | CFD | Decreasing Short | 16,070 | 2.6361 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 12,035 | 2.6359 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 Feb 2025 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 |