5th Mar 2025 13:45
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: | 04 Mar 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: | 20,821,361 | 1.59% | 11,239,111 | 0.86% | |||
(2) Cash-settled derivatives: | 10,534,221 | 0.80% | 20,382,515 | 1.55% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
TOTAL: | 31,355,582 | 2.39% | 31,621,626 | 2.41% | |||
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 | 301,250 | 2.7581 GBP | ||||
10 10/11p ordinary | Purchase | 216,645 | 2.7481 GBP | ||||
10 10/11p ordinary | Purchase | 134,770 | 2.7460 GBP | ||||
10 10/11p ordinary | Purchase | 106,018 | 2.7465 GBP | ||||
10 10/11p ordinary | Purchase | 82,486 | 2.7506 GBP | ||||
10 10/11p ordinary | Purchase | 72,365 | 2.7527 GBP | ||||
10 10/11p ordinary | Purchase | 60,200 | 2.7652 GBP | ||||
10 10/11p ordinary | Purchase | 22,686 | 2.7523 GBP | ||||
10 10/11p ordinary | Purchase | 9,522 | 2.7597 GBP | ||||
10 10/11p ordinary | Purchase | 8,264 | 2.7519 GBP | ||||
10 10/11p ordinary | Purchase | 6,346 | 2.7632 GBP | ||||
10 10/11p ordinary | Purchase | 4,921 | 2.7560 GBP | ||||
10 10/11p ordinary | Purchase | 4,763 | 2.7569 GBP | ||||
10 10/11p ordinary | Purchase | 2,992 | 2.7551 GBP | ||||
10 10/11p ordinary | Purchase | 2,733 | 2.7539 GBP | ||||
10 10/11p ordinary | Purchase | 2,547 | 2.7489 GBP | ||||
10 10/11p ordinary | Purchase | 1,859 | 2.7508 GBP | ||||
10 10/11p ordinary | Purchase | 1,161 | 2.7530 GBP | ||||
10 10/11p ordinary | Purchase | 991 | 2.7480 GBP | ||||
10 10/11p ordinary | Purchase | 991 | 2.7660 GBP | ||||
10 10/11p ordinary | Purchase | 523 | 2.7700 GBP | ||||
10 10/11p ordinary | Purchase | 334 | 2.7620 GBP | ||||
10 10/11p ordinary | Purchase | 208 | 2.7640 GBP | ||||
10 10/11p ordinary | Sale | 647,588 | 2.7522 GBP | ||||
10 10/11p ordinary | Sale | 295,313 | 2.7537 GBP | ||||
10 10/11p ordinary | Sale | 283,045 | 2.7461 GBP | ||||
10 10/11p ordinary | Sale | 228,988 | 2.7460 GBP | ||||
10 10/11p ordinary | Sale | 169,997 | 2.7520 GBP | ||||
10 10/11p ordinary | Sale | 156,667 | 2.7530 GBP | ||||
10 10/11p ordinary | Sale | 156,231 | 2.7518 GBP | ||||
10 10/11p ordinary | Sale | 119,043 | 2.7466 GBP | ||||
10 10/11p ordinary | Sale | 76,539 | 2.7516 GBP | ||||
10 10/11p ordinary | Sale | 51,974 | 2.7512 GBP | ||||
10 10/11p ordinary | Sale | 44,360 | 2.7540 GBP | ||||
10 10/11p ordinary | Sale | 34,053 | 2.7483 GBP | ||||
10 10/11p ordinary | Sale | 31,427 | 2.7559 GBP | ||||
10 10/11p ordinary | Sale | 13,987 | 2.7514 GBP | ||||
10 10/11p ordinary | Sale | 9,808 | 2.7495 GBP | ||||
10 10/11p ordinary | Sale | 8,488 | 2.7595 GBP | ||||
10 10/11p ordinary | Sale | 5,652 | 2.7511 GBP | ||||
10 10/11p ordinary | Sale | 5,068 | 2.7538 GBP | ||||
10 10/11p ordinary | Sale | 4,921 | 2.7560 GBP | ||||
10 10/11p ordinary | Sale | 4,567 | 2.7515 GBP | ||||
10 10/11p ordinary | Sale | 3,157 | 2.7552 GBP | ||||
10 10/11p ordinary | Sale | 2,102 | 2.7652 GBP | ||||
10 10/11p ordinary | Sale | 1,654 | 2.7517 GBP | ||||
10 10/11p ordinary | Sale | 1,443 | 2.7500 GBP | ||||
10 10/11p ordinary | Sale | 1,359 | 2.7660 GBP | ||||
10 10/11p ordinary | Sale | 1,242 | 2.7480 GBP | ||||
10 10/11p ordinary | Sale | 1,138 | 2.7620 GBP | ||||
10 10/11p ordinary | Sale | 822 | 2.7488 GBP | ||||
10 10/11p ordinary | Sale | 523 | 2.7700 GBP | ||||
10 10/11p ordinary | Sale | 449 | 2.7630 GBP | ||||
10 10/11p ordinary | Sale | 208 | 2.7640 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 | 74,074 | 2.7460 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 573 | 2.7492 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 31,925 | 2.7508 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 11,433 | 2.7514 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 4,567 | 2.7515 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 76,539 | 2.7516 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 60,046 | 2.7517 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 73,353 | 2.7518 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 165,743 | 2.7520 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 105,372 | 2.7521 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 647,588 | 2.7522 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 3,992 | 2.7524 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 95,662 | 2.7536 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 276,826 | 2.7537 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 62,847 | 2.7540 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 6,739 | 2.7545 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 31,427 | 2.7559 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 50,732 | 2.7460 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 142,589 | 2.7461 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 400 | 2.7480 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 56,325 | 2.7483 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 82,486 | 2.7506 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 22,686 | 2.7523 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 138,840 | 2.7527 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 4,268 | 2.7529 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 1,737 | 2.7531 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 2,992 | 2.7551 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 301,250 | 2.7581 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 60,200 | 2.7652 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 12,544 | 2.7530 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: | 05 Mar 2025 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 |
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