19th Jun 2025 14:28
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: | 18 Jun 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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| 35,173,370 | 2.68% | 3,313,138 | 0.25% |
(2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 3,623,525 | 0.28% | 34,653,562 | 2.64% |
(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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| 38,796,895 | 2.96% | 37,966,700 | 2.89% |
(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 | 165,302 | 3.0559 GBP | ||||
10 10/11p ordinary | Purchase | 89,438 | 3.0580 GBP | ||||
10 10/11p ordinary | Purchase | 63,029 | 3.0557 GBP | ||||
10 10/11p ordinary | Purchase | 42,013 | 3.0432 GBP | ||||
10 10/11p ordinary | Purchase | 40,904 | 3.0489 GBP | ||||
10 10/11p ordinary | Purchase | 36,083 | 3.0581 GBP | ||||
10 10/11p ordinary | Purchase | 34,542 | 3.0461 GBP | ||||
10 10/11p ordinary | Purchase | 27,086 | 3.0560 GBP | ||||
10 10/11p ordinary | Purchase | 26,874 | 3.0441 GBP | ||||
10 10/11p ordinary | Purchase | 21,063 | 3.0587 GBP | ||||
10 10/11p ordinary | Purchase | 15,971 | 3.0504 GBP | ||||
10 10/11p ordinary | Purchase | 15,429 | 3.0491 GBP | ||||
10 10/11p ordinary | Purchase | 15,100 | 3.0510 GBP | ||||
10 10/11p ordinary | Purchase | 13,649 | 3.0486 GBP | ||||
10 10/11p ordinary | Purchase | 12,042 | 3.0617 GBP | ||||
10 10/11p ordinary | Purchase | 10,771 | 3.0538 GBP | ||||
10 10/11p ordinary | Purchase | 10,599 | 3.0400 GBP | ||||
10 10/11p ordinary | Purchase | 7,345 | 3.0548 GBP | ||||
10 10/11p ordinary | Purchase | 4,595 | 3.0521 GBP | ||||
10 10/11p ordinary | Purchase | 3,953 | 3.0620 GBP | ||||
10 10/11p ordinary | Purchase | 3,756 | 3.0540 GBP | ||||
10 10/11p ordinary | Purchase | 3,598 | 3.0507 GBP | ||||
10 10/11p ordinary | Purchase | 2,562 | 3.0592 GBP | ||||
10 10/11p ordinary | Purchase | 2,503 | 3.0561 GBP | ||||
10 10/11p ordinary | Purchase | 2,501 | 3.0500 GBP | ||||
10 10/11p ordinary | Purchase | 2,349 | 3.0477 GBP | ||||
10 10/11p ordinary | Purchase | 2,217 | 3.0582 GBP | ||||
10 10/11p ordinary | Purchase | 1,916 | 3.0520 GBP | ||||
10 10/11p ordinary | Purchase | 956 | 3.0480 GBP | ||||
10 10/11p ordinary | Purchase | 918 | 3.0460 GBP | ||||
10 10/11p ordinary | Purchase | 897 | 3.0590 GBP | ||||
10 10/11p ordinary | Purchase | 465 | 3.0539 GBP | ||||
10 10/11p ordinary | Purchase | 384 | 3.0470 GBP | ||||
10 10/11p ordinary | Sale | 218,090 | 3.0579 GBP | ||||
10 10/11p ordinary | Sale | 95,385 | 3.0557 GBP | ||||
10 10/11p ordinary | Sale | 91,970 | 3.0580 GBP | ||||
10 10/11p ordinary | Sale | 72,470 | 3.0551 GBP | ||||
10 10/11p ordinary | Sale | 60,000 | 3.0532 GBP | ||||
10 10/11p ordinary | Sale | 44,923 | 3.0534 GBP | ||||
10 10/11p ordinary | Sale | 33,528 | 3.0490 GBP | ||||
10 10/11p ordinary | Sale | 27,338 | 3.0514 GBP | ||||
10 10/11p ordinary | Sale | 14,510 | 3.0484 GBP | ||||
10 10/11p ordinary | Sale | 11,750 | 3.0497 GBP | ||||
10 10/11p ordinary | Sale | 10,304 | 3.0540 GBP | ||||
10 10/11p ordinary | Sale | 10,218 | 3.0494 GBP | ||||
10 10/11p ordinary | Sale | 9,377 | 3.0504 GBP | ||||
10 10/11p ordinary | Sale | 8,978 | 3.0474 GBP | ||||
10 10/11p ordinary | Sale | 7,062 | 3.0485 GBP | ||||
10 10/11p ordinary | Sale | 5,262 | 3.0560 GBP | ||||
10 10/11p ordinary | Sale | 4,611 | 3.0496 GBP | ||||
10 10/11p ordinary | Sale | 3,558 | 3.0590 GBP | ||||
10 10/11p ordinary | Sale | 2,501 | 3.0500 GBP | ||||
10 10/11p ordinary | Sale | 2,230 | 3.0370 GBP | ||||
10 10/11p ordinary | Sale | 1,916 | 3.0520 GBP | ||||
10 10/11p ordinary | Sale | 1,301 | 3.0487 GBP | ||||
10 10/11p ordinary | Sale | 918 | 3.0460 GBP | ||||
10 10/11p ordinary | Sale | 773 | 3.0620 GBP | ||||
10 10/11p ordinary | Sale | 384 | 3.0470 GBP | ||||
10 10/11p ordinary | Sale | 91 | 3.0539 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 | 1,500,000 | 3.0126 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 59,579 | 3.0260 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 10,689 | 3.0457 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 5,962 | 3.0469 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 8,978 | 3.0474 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 14,510 | 3.0484 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 33,528 | 3.0490 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 10,218 | 3.0494 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 91 | 3.0539 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 613 | 3.0540 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 132,470 | 3.0542 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 1,151 | 3.0561 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 218,090 | 3.0579 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 9,097 | 3.0400 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 9,653 | 3.0429 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 21,600 | 3.0432 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 32,360 | 3.0433 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 26,874 | 3.0441 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 5,775 | 3.0459 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 13,579 | 3.0510 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 15,183 | 3.0526 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 10,771 | 3.0538 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 77,983 | 3.0544 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 2,315 | 3.0579 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 93,294 | 3.0580 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 2,217 | 3.0582 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 21,063 | 3.0587 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 11,929 | 3.0617 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 5,281 | 3.0620 GBP | |||
10 10/11p ordinary | CFD | Decreasing Short | 1,043 | 3.0378 GBP | |||
10 10/11p ordinary | CFD | Decreasing Short | 8,504 | 3.0539 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 571 | 3.0458 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 75,611 | 3.0543 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 36,788 | 3.0563 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 852 | 3.0580 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 2,407 | 3.0619 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 773 | 3.0620 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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| relates |
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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: | 19 Jun 2025 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||
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Related Shares:
BarclaysDirect Line