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Form 8.3 DIRECT LINE INSURANCE GROUP PLC

20th Feb 2025 10:43

RNS Number : 8903X
Barclays PLC
20 February 2025
 

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 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:

 

(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

 

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

 

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

 

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