9th Jun 2025 14:48
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: | 06 Jun 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: | 43,482,994 | 3.32% | 3,907,784 | 0.29% | |||
(2) Cash-settled derivatives: | 4,214,119 | 0.32% | 42,766,401 | 3.26% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
TOTAL: | 47,697,113 | 3.64% | 46,674,185 | 3.55% | |||
(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 | 61,798 | 3.0374 GBP | ||||
10 10/11p ordinary | Purchase | 60,814 | 3.0448 GBP | ||||
10 10/11p ordinary | Purchase | 48,700 | 3.0367 GBP | ||||
10 10/11p ordinary | Purchase | 46,341 | 3.0520 GBP | ||||
10 10/11p ordinary | Purchase | 44,703 | 3.0309 GBP | ||||
10 10/11p ordinary | Purchase | 8,896 | 3.0335 GBP | ||||
10 10/11p ordinary | Purchase | 4,298 | 3.0395 GBP | ||||
10 10/11p ordinary | Purchase | 3,000 | 3.0320 GBP | ||||
10 10/11p ordinary | Purchase | 2,872 | 3.0267 GBP | ||||
10 10/11p ordinary | Purchase | 1,611 | 3.0339 GBP | ||||
10 10/11p ordinary | Purchase | 1,464 | 3.0368 GBP | ||||
10 10/11p ordinary | Purchase | 340 | 3.0240 GBP | ||||
10 10/11p ordinary | Purchase | 288 | 3.0400 GBP | ||||
10 10/11p ordinary | Purchase | 239 | 3.0290 GBP | ||||
10 10/11p ordinary | Purchase | 183 | 3.0260 GBP | ||||
10 10/11p ordinary | Sale | 207,853 | 3.0520 GBP | ||||
10 10/11p ordinary | Sale | 59,847 | 3.0512 GBP | ||||
10 10/11p ordinary | Sale | 50,379 | 3.0519 GBP | ||||
10 10/11p ordinary | Sale | 32,773 | 3.0472 GBP | ||||
10 10/11p ordinary | Sale | 31,033 | 3.0358 GBP | ||||
10 10/11p ordinary | Sale | 10,939 | 3.0377 GBP | ||||
10 10/11p ordinary | Sale | 8,410 | 3.0424 GBP | ||||
10 10/11p ordinary | Sale | 5,746 | 3.0522 GBP | ||||
10 10/11p ordinary | Sale | 4,226 | 3.0439 GBP | ||||
10 10/11p ordinary | Sale | 3,199 | 3.0325 GBP | ||||
10 10/11p ordinary | Sale | 2,269 | 3.0369 GBP | ||||
10 10/11p ordinary | Sale | 1,858 | 3.0322 GBP | ||||
10 10/11p ordinary | Sale | 1,500 | 3.0221 GBP | ||||
10 10/11p ordinary | Sale | 1,073 | 3.0380 GBP | ||||
10 10/11p ordinary | Sale | 805 | 3.0320 GBP | ||||
10 10/11p ordinary | Sale | 795 | 3.0349 GBP | ||||
10 10/11p ordinary | Sale | 710 | 3.0329 GBP | ||||
10 10/11p ordinary | Sale | 459 | 3.0420 GBP | ||||
10 10/11p ordinary | Sale | 300 | 3.0240 GBP | ||||
10 10/11p ordinary | Sale | 288 | 3.0400 GBP | ||||
10 10/11p ordinary | Sale | 239 | 3.0290 GBP | ||||
10 10/11p ordinary | Sale | 183 | 3.0260 GBP | ||||
10 10/11p ordinary | Sale | 100 | 3.0280 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 | 1,500 | 3.0221 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 871 | 3.0306 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 805 | 3.0320 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 4,152 | 3.0334 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 1,623 | 3.0342 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 31,033 | 3.0358 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 10,939 | 3.0377 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 4,684 | 3.0403 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 6,581 | 3.0410 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 310 | 3.0420 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 4,226 | 3.0439 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 826 | 3.0518 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 50,379 | 3.0519 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 220,864 | 3.0520 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 340 | 3.0240 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 2,872 | 3.0267 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 44,703 | 3.0309 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 1,611 | 3.0340 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 48,700 | 3.0367 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 1,464 | 3.0368 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 4,298 | 3.0395 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 60,814 | 3.0448 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 59 | 3.0500 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 8,377 | 3.0520 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 5,728 | 3.0522 GBP | |||
10 10/11p ordinary | CFD | Decreasing Short | 20,181 | 3.0517 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 34,522 | 3.0313 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 4,472 | 3.0519 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: | 09 Jun 2025 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||
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