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Form 8.3 DIRECT LINE INSURANCE GROUP PLC

27th Feb 2025 10:21

RNS Number : 7152Y
Barclays PLC
27 February 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:

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

 

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:

27 Feb 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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