27th Feb 2025 10:21
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: | 26 Feb 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: | 20,943,590 | 1.60% | 8,865,813 | 0.68% | |||
(2) Cash-settled derivatives: | 9,490,333 | 0.72% | 20,692,058 | 1.58% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
TOTAL: | 30,433,923 | 2.32% | 29,557,871 | 2.25% | |||
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 | 283,194 | 2.7137 GBP | ||||
10 10/11p ordinary | Purchase | 167,256 | 2.7171 GBP | ||||
10 10/11p ordinary | Purchase | 156,518 | 2.6972 GBP | ||||
10 10/11p ordinary | Purchase | 102,507 | 2.7215 GBP | ||||
10 10/11p ordinary | Purchase | 87,324 | 2.6989 GBP | ||||
10 10/11p ordinary | Purchase | 52,320 | 2.7109 GBP | ||||
10 10/11p ordinary | Purchase | 44,092 | 2.7049 GBP | ||||
10 10/11p ordinary | Purchase | 20,700 | 2.6887 GBP | ||||
10 10/11p ordinary | Purchase | 19,935 | 2.7010 GBP | ||||
10 10/11p ordinary | Purchase | 16,118 | 2.6931 GBP | ||||
10 10/11p ordinary | Purchase | 11,891 | 2.6900 GBP | ||||
10 10/11p ordinary | Purchase | 10,092 | 2.7029 GBP | ||||
10 10/11p ordinary | Purchase | 7,860 | 2.7013 GBP | ||||
10 10/11p ordinary | Purchase | 4,905 | 2.7123 GBP | ||||
10 10/11p ordinary | Purchase | 3,371 | 2.6920 GBP | ||||
10 10/11p ordinary | Purchase | 3,207 | 2.7030 GBP | ||||
10 10/11p ordinary | Purchase | 2,914 | 2.6892 GBP | ||||
10 10/11p ordinary | Purchase | 2,566 | 2.7107 GBP | ||||
10 10/11p ordinary | Purchase | 2,183 | 2.7220 GBP | ||||
10 10/11p ordinary | Purchase | 2,032 | 2.7140 GBP | ||||
10 10/11p ordinary | Purchase | 1,892 | 2.6983 GBP | ||||
10 10/11p ordinary | Purchase | 1,470 | 2.6928 GBP | ||||
10 10/11p ordinary | Purchase | 1,243 | 2.6930 GBP | ||||
10 10/11p ordinary | Purchase | 1,234 | 2.6895 GBP | ||||
10 10/11p ordinary | Purchase | 1,160 | 2.6880 GBP | ||||
10 10/11p ordinary | Purchase | 1,061 | 2.7080 GBP | ||||
10 10/11p ordinary | Purchase | 1,016 | 2.7177 GBP | ||||
10 10/11p ordinary | Purchase | 786 | 2.6940 GBP | ||||
10 10/11p ordinary | Purchase | 516 | 2.6969 GBP | ||||
10 10/11p ordinary | Purchase | 433 | 2.7099 GBP | ||||
10 10/11p ordinary | Purchase | 433 | 2.7100 GBP | ||||
10 10/11p ordinary | Purchase | 344 | 2.6954 GBP | ||||
10 10/11p ordinary | Purchase | 147 | 2.7048 GBP | ||||
10 10/11p ordinary | Purchase | 88 | 2.7096 GBP | ||||
10 10/11p ordinary | Sale | 836,404 | 2.6640 GBP | ||||
10 10/11p ordinary | Sale | 257,963 | 2.7220 GBP | ||||
10 10/11p ordinary | Sale | 213,000 | 2.7015 GBP | ||||
10 10/11p ordinary | Sale | 115,835 | 2.7219 GBP | ||||
10 10/11p ordinary | Sale | 74,295 | 2.7150 GBP | ||||
10 10/11p ordinary | Sale | 71,680 | 2.7126 GBP | ||||
10 10/11p ordinary | Sale | 61,990 | 2.7064 GBP | ||||
10 10/11p ordinary | Sale | 54,214 | 2.7011 GBP | ||||
10 10/11p ordinary | Sale | 37,999 | 2.7138 GBP | ||||
10 10/11p ordinary | Sale | 33,688 | 2.7058 GBP | ||||
10 10/11p ordinary | Sale | 31,440 | 2.7140 GBP | ||||
10 10/11p ordinary | Sale | 25,436 | 2.7129 GBP | ||||
10 10/11p ordinary | Sale | 13,501 | 2.7021 GBP | ||||
10 10/11p ordinary | Sale | 9,525 | 2.6969 GBP | ||||
10 10/11p ordinary | Sale | 6,461 | 2.7134 GBP | ||||
10 10/11p ordinary | Sale | 5,938 | 2.6993 GBP | ||||
10 10/11p ordinary | Sale | 5,249 | 2.7151 GBP | ||||
10 10/11p ordinary | Sale | 4,781 | 2.7139 GBP | ||||
10 10/11p ordinary | Sale | 3,954 | 2.7079 GBP | ||||
10 10/11p ordinary | Sale | 3,891 | 2.6900 GBP | ||||
10 10/11p ordinary | Sale | 3,265 | 2.7027 GBP | ||||
10 10/11p ordinary | Sale | 3,093 | 2.7036 GBP | ||||
10 10/11p ordinary | Sale | 3,018 | 2.7121 GBP | ||||
10 10/11p ordinary | Sale | 2,235 | 2.7020 GBP | ||||
10 10/11p ordinary | Sale | 1,530 | 2.7013 GBP | ||||
10 10/11p ordinary | Sale | 1,061 | 2.7080 GBP | ||||
10 10/11p ordinary | Sale | 805 | 2.6979 GBP | ||||
10 10/11p ordinary | Sale | 433 | 2.7100 GBP | ||||
10 10/11p ordinary | Sale | 344 | 2.6957 GBP | ||||
10 10/11p ordinary | Sale | 88 | 2.7099 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 | 836,404 | 2.6640 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 27,559 | 2.6898 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 5,311 | 2.6961 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 805 | 2.6979 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 100,334 | 2.7001 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 110,123 | 2.7020 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 61,990 | 2.7064 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 16,061 | 2.7087 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 4,336 | 2.7108 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 6,461 | 2.7134 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 4,781 | 2.7139 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 115,835 | 2.7219 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 260,384 | 2.7220 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 1,224 | 2.6700 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 17,203 | 2.6816 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 20,700 | 2.6887 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 16,118 | 2.6931 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 786 | 2.6940 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 155,103 | 2.6972 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 1,892 | 2.6983 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 87,324 | 2.6989 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 3,207 | 2.7030 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 43,022 | 2.7040 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 19,138 | 2.7057 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 2,566 | 2.7107 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 52,320 | 2.7109 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 1,016 | 2.7177 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 140,538 | 2.7220 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 100,303 | 2.7221 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 9,515 | 2.7105 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: | 27 Feb 2025 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 |