8th Apr 2025 13:12
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 |
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| positions disclosed, if different from 1(a): | ||||||
(c) | Name of offeror/offeree in relation to whose | DIRECT LINE INSURANCE GROUP PLC | |||||
| relevant securities this form relates: | ||||||
(d) | If an exempt fund manager connected with an |
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| offeror/offeree, state this and specify identity of | ||||||
| offeror/offeree: | ||||||
(e) | Date position held/dealing undertaken: | 07 Apr 2025 | |||||
(f) | In addition to the company in 1(c) above, is the discloser making | YES: |
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| disclosures in respect of any other party to the offer? | AVIVA PLC |
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2. | POSITIONS OF THE PERSON MAKING THE DISCLOSURE | ||||||
(a) | Interests and short positions in the relevant securities of the offeror or offeree |
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| to which the disclosure relates following the dealing(if any) |
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Class of relevant security: | 10 10/11p ordinary | ||||||
| Interests | Short Positions | |||||
| Number | (%) | Number | (%) | |||
(1) | Relevant securities owned |
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| and/or controlled: |
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| 35,046,952 | 2.67% | 9,105,708 | 0.69% |
(2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 9,371,896 | 0.71% | 34,009,562 | 2.59% |
(3) | Stock-settled derivatives (including options) |
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| and agreements to purchase/sell: |
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| 0 | 0.00% | 0 | 0.00% |
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| TOTAL: |
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| 44,418,848 | 3.39% | 43,115,270 | 3.28% |
(b) | Rights to subscribe for new securities (including directors and other executive |
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| options) |
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Class of relevant security in relation to |
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which subscription right exists |
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Details, including nature of the rights |
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concerned and relevant percentages: |
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3. | DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER | ||||||
(a) | Purchases and sales |
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Class of relevant | Purchase/sale | Number of | Price per unit | ||||
security |
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10 10/11p ordinary | Purchase | 659,121 | 2.6044 GBP | ||||
10 10/11p ordinary | Purchase | 530,580 | 2.6838 GBP | ||||
10 10/11p ordinary | Purchase | 489,672 | 2.5817 GBP | ||||
10 10/11p ordinary | Purchase | 207,358 | 2.5814 GBP | ||||
10 10/11p ordinary | Purchase | 154,299 | 2.5660 GBP | ||||
10 10/11p ordinary | Purchase | 105,031 | 2.6075 GBP | ||||
10 10/11p ordinary | Purchase | 100,000 | 2.5675 GBP | ||||
10 10/11p ordinary | Purchase | 99,083 | 2.5908 GBP | ||||
10 10/11p ordinary | Purchase | 81,651 | 2.6099 GBP | ||||
10 10/11p ordinary | Purchase | 59,609 | 2.6004 GBP | ||||
10 10/11p ordinary | Purchase | 22,347 | 2.5918 GBP | ||||
10 10/11p ordinary | Purchase | 11,291 | 2.5912 GBP | ||||
10 10/11p ordinary | Purchase | 11,215 | 2.5982 GBP | ||||
10 10/11p ordinary | Purchase | 10,633 | 2.5860 GBP | ||||
10 10/11p ordinary | Purchase | 10,000 | 2.5674 GBP | ||||
10 10/11p ordinary | Purchase | 9,124 | 2.6392 GBP | ||||
10 10/11p ordinary | Purchase | 8,992 | 2.5881 GBP | ||||
10 10/11p ordinary | Purchase | 7,950 | 2.5898 GBP | ||||
10 10/11p ordinary | Purchase | 7,646 | 2.5909 GBP | ||||
10 10/11p ordinary | Purchase | 7,605 | 2.5837 GBP | ||||
10 10/11p ordinary | Purchase | 7,342 | 2.5916 GBP | ||||
10 10/11p ordinary | Purchase | 5,632 | 2.5940 GBP | ||||
10 10/11p ordinary | Purchase | 5,088 | 2.5980 GBP | ||||
10 10/11p ordinary | Purchase | 4,751 | 2.6000 GBP | ||||
10 10/11p ordinary | Purchase | 4,285 | 2.5880 GBP | ||||
10 10/11p ordinary | Purchase | 3,600 | 2.5700 GBP | ||||
10 10/11p ordinary | Purchase | 3,475 | 2.5761 GBP | ||||
10 10/11p ordinary | Purchase | 3,155 | 2.6020 GBP | ||||
10 10/11p ordinary | Purchase | 3,099 | 2.5854 GBP | ||||
10 10/11p ordinary | Purchase | 3,000 | 2.5680 GBP | ||||
10 10/11p ordinary | Purchase | 1,921 | 2.5840 GBP | ||||
10 10/11p ordinary | Purchase | 1,692 | 2.5920 GBP | ||||
10 10/11p ordinary | Purchase | 1,659 | 2.5780 GBP | ||||
10 10/11p ordinary | Purchase | 1,613 | 2.5749 GBP | ||||
10 10/11p ordinary | Purchase | 1,490 | 2.5405 GBP | ||||
10 10/11p ordinary | Purchase | 1,174 | 2.5750 GBP | ||||
10 10/11p ordinary | Purchase | 1,150 | 2.5960 GBP | ||||
10 10/11p ordinary | Purchase | 1,095 | 2.5800 GBP | ||||
10 10/11p ordinary | Purchase | 558 | 2.6060 GBP | ||||
10 10/11p ordinary | Purchase | 382 | 2.5900 GBP | ||||
10 10/11p ordinary | Purchase | 302 | 2.6040 GBP | ||||
10 10/11p ordinary | Purchase | 294 | 2.6120 GBP | ||||
10 10/11p ordinary | Purchase | 287 | 2.6080 GBP | ||||
10 10/11p ordinary | Purchase | 286 | 2.6280 GBP | ||||
10 10/11p ordinary | Purchase | 286 | 2.6220 GBP | ||||
10 10/11p ordinary | Purchase | 285 | 2.6180 GBP | ||||
10 10/11p ordinary | Purchase | 275 | 2.6600 GBP | ||||
10 10/11p ordinary | Purchase | 271 | 2.6260 GBP | ||||
10 10/11p ordinary | Purchase | 265 | 2.6740 GBP | ||||
10 10/11p ordinary | Purchase | 262 | 2.6200 GBP | ||||
10 10/11p ordinary | Purchase | 258 | 2.6420 GBP | ||||
10 10/11p ordinary | Purchase | 230 | 2.5640 GBP | ||||
10 10/11p ordinary | Purchase | 129 | 2.5740 GBP | ||||
10 10/11p ordinary | Purchase | 80 | 2.5760 GBP | ||||
10 10/11p ordinary | Purchase | 67 | 2.6160 GBP | ||||
10 10/11p ordinary | Sale | 1,500,000 | 2.5649 GBP | ||||
10 10/11p ordinary | Sale | 924,273 | 2.6061 GBP | ||||
10 10/11p ordinary | Sale | 379,900 | 2.5833 GBP | ||||
10 10/11p ordinary | Sale | 245,546 | 2.5841 GBP | ||||
10 10/11p ordinary | Sale | 157,143 | 2.5948 GBP | ||||
10 10/11p ordinary | Sale | 138,539 | 2.5889 GBP | ||||
10 10/11p ordinary | Sale | 128,974 | 2.5660 GBP | ||||
10 10/11p ordinary | Sale | 119,123 | 2.5575 GBP | ||||
10 10/11p ordinary | Sale | 89,440 | 2.5893 GBP | ||||
10 10/11p ordinary | Sale | 66,640 | 2.5892 GBP | ||||
10 10/11p ordinary | Sale | 65,205 | 2.5817 GBP | ||||
10 10/11p ordinary | Sale | 49,152 | 2.5856 GBP | ||||
10 10/11p ordinary | Sale | 41,821 | 2.5802 GBP | ||||
10 10/11p ordinary | Sale | 36,734 | 2.5916 GBP | ||||
10 10/11p ordinary | Sale | 35,952 | 2.5785 GBP | ||||
10 10/11p ordinary | Sale | 34,291 | 2.5711 GBP | ||||
10 10/11p ordinary | Sale | 26,169 | 2.5760 GBP | ||||
10 10/11p ordinary | Sale | 20,000 | 2.6053 GBP | ||||
10 10/11p ordinary | Sale | 19,022 | 2.5905 GBP | ||||
10 10/11p ordinary | Sale | 17,748 | 2.5871 GBP | ||||
10 10/11p ordinary | Sale | 13,915 | 2.5860 GBP | ||||
10 10/11p ordinary | Sale | 7,130 | 2.5951 GBP | ||||
10 10/11p ordinary | Sale | 5,985 | 2.5923 GBP | ||||
10 10/11p ordinary | Sale | 5,632 | 2.5940 GBP | ||||
10 10/11p ordinary | Sale | 5,088 | 2.5980 GBP | ||||
10 10/11p ordinary | Sale | 4,751 | 2.6000 GBP | ||||
10 10/11p ordinary | Sale | 3,787 | 2.5794 GBP | ||||
10 10/11p ordinary | Sale | 3,600 | 2.5700 GBP | ||||
10 10/11p ordinary | Sale | 3,555 | 2.6020 GBP | ||||
10 10/11p ordinary | Sale | 3,000 | 2.5680 GBP | ||||
10 10/11p ordinary | Sale | 2,902 | 2.5815 GBP | ||||
10 10/11p ordinary | Sale | 2,462 | 2.5880 GBP | ||||
10 10/11p ordinary | Sale | 2,384 | 2.5976 GBP | ||||
10 10/11p ordinary | Sale | 2,256 | 2.5867 GBP | ||||
10 10/11p ordinary | Sale | 1,921 | 2.5840 GBP | ||||
10 10/11p ordinary | Sale | 1,907 | 2.6072 GBP | ||||
10 10/11p ordinary | Sale | 1,692 | 2.5920 GBP | ||||
10 10/11p ordinary | Sale | 1,659 | 2.5780 GBP | ||||
10 10/11p ordinary | Sale | 1,625 | 2.5934 GBP | ||||
10 10/11p ordinary | Sale | 1,476 | 2.5778 GBP | ||||
10 10/11p ordinary | Sale | 1,182 | 2.5862 GBP | ||||
10 10/11p ordinary | Sale | 1,160 | 2.5878 GBP | ||||
10 10/11p ordinary | Sale | 1,150 | 2.5960 GBP | ||||
10 10/11p ordinary | Sale | 1,095 | 2.5800 GBP | ||||
10 10/11p ordinary | Sale | 558 | 2.6060 GBP | ||||
10 10/11p ordinary | Sale | 382 | 2.5900 GBP | ||||
10 10/11p ordinary | Sale | 302 | 2.6040 GBP | ||||
10 10/11p ordinary | Sale | 294 | 2.6120 GBP | ||||
10 10/11p ordinary | Sale | 287 | 2.6080 GBP | ||||
10 10/11p ordinary | Sale | 286 | 2.6220 GBP | ||||
10 10/11p ordinary | Sale | 286 | 2.6280 GBP | ||||
10 10/11p ordinary | Sale | 285 | 2.6180 GBP | ||||
10 10/11p ordinary | Sale | 275 | 2.6600 GBP | ||||
10 10/11p ordinary | Sale | 271 | 2.6260 GBP | ||||
10 10/11p ordinary | Sale | 265 | 2.6740 GBP | ||||
10 10/11p ordinary | Sale | 262 | 2.6200 GBP | ||||
10 10/11p ordinary | Sale | 258 | 2.6420 GBP | ||||
10 10/11p ordinary | Sale | 230 | 2.5640 GBP | ||||
10 10/11p ordinary | Sale | 129 | 2.5740 GBP | ||||
10 10/11p ordinary | Sale | 67 | 2.6160 GBP | ||||
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(b) | Cash-settled derivative transactions |
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Class of | Product | Nature of dealing | Number of | Price per | |||
relevant | description |
| reference | unit | |||
security |
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10 10/11p ordinary | SWAP | Increasing Short | 489,672 | 2.5817 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 530,580 | 2.6838 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 20,451 | 2.5518 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 11,540 | 2.5576 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 98,672 | 2.5587 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 1,500,000 | 2.5648 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 49 | 2.5660 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 1,982 | 2.5722 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 26,089 | 2.5760 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 1,476 | 2.5778 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 3,787 | 2.5794 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 22,200 | 2.5802 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 2,902 | 2.5815 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 43,375 | 2.5817 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 86,958 | 2.5859 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 1,182 | 2.5862 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 66,640 | 2.5892 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 19,022 | 2.5905 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 377 | 2.5916 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 2,945 | 2.5917 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 62,500 | 2.5919 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 78,600 | 2.5929 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 51,720 | 2.5940 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 157,143 | 2.5948 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 86,138 | 2.5951 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 376 | 2.5260 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 100,000 | 2.5674 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 71,658 | 2.5681 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 434 | 2.5718 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 1,971 | 2.5743 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 3,475 | 2.5761 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 4,580 | 2.5782 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 54,084 | 2.5817 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 4,040 | 2.5832 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 7,605 | 2.5837 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 272 | 2.5880 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 8,992 | 2.5881 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 99,083 | 2.5908 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 9,124 | 2.6392 GBP | |||
10 10/11p ordinary | CFD | Decreasing Short | 197,029 | 2.5781 GBP | |||
10 10/11p ordinary | CFD | Decreasing Short | 277,075 | 2.5817 GBP | |||
10 10/11p ordinary | CFD | Decreasing Short | 380 | 2.5840 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 50,975 | 2.5805 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 20,000 | 2.6053 GBP | |||
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(c) | Stock-settled derivative transactions (including options) |
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(i) | Writing, selling, purchasing or varying |
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Class | Product | Writing, | Number | Exercise | Type | Expiry | Option |
of | description | purchasing, | of | price |
| date | money |
relevant |
| selling, | securities | per unit |
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security |
| varying etc | to which |
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| received |
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| option |
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| per unit |
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(ii) | Exercising |
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Class of relevant | Product description | Exercising/ exercised against | Number of | Exercise price per | |||
security |
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(d) | Other dealings (including subscribing for new securities) |
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Class of relevant | Nature of Dealings | Details | Price per unit (if | ||||
security |
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4. | OTHER INFORMATION | ||||||
(a) | Indemnity and other dealings arrangements |
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Details of any indemnity or option arrangement, or any agreement or understanding, |
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formal or informal, relating to relevant securities which may be an inducement to deal |
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or refrain from dealing entered into by the exempt principal trader making the disclosure and any party |
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to the offer or any person acting in concert with a party to the offer: |
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NONE | |||||||
(b) | Agreements, arrangements or understandings relating to options or derivatives |
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Details of any agreement, arrangement or understanding, formal or informal, between |
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the person making the disclosure and any other person relating to: |
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(i) the voting rights of any relevant securities under any option; or |
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(ii) the voting rights of future acquisition or disposal of any relevant securities to which |
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any derivative is referenced: |
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NONE | |||||||
(c) | Attachments |
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Is a Supplemental Form 8 (Open Positions) attached? | NO | ||||||
Date of disclosure: | 08 Apr 2025 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||
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Related Shares:
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