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Form 8.3 DIRECT LINE INSURANCE GROUP PLC

5th Mar 2025 13:45

RNS Number : 5032Z
Barclays PLC
05 March 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:

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

 

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:

05 Mar 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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END
 
 
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