2nd Jul 2025 15:12
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: | 01 Jul 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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| 36,239,677 | 2.76% | 3,375,589 | 0.25% |
(2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 3,560,291 | 0.27% | 34,705,218 | 2.65% |
(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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| 39,799,968 | 3.03% | 38,080,807 | 2.90% |
(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 | 30,568,397 | 3.0500 GBP | ||||
10 10/11p ordinary | Purchase | 3,149,329 | 3.0504 GBP | ||||
10 10/11p ordinary | Purchase | 2,859,974 | 3.0501 GBP | ||||
10 10/11p ordinary | Purchase | 1,858,258 | 3.0503 GBP | ||||
10 10/11p ordinary | Purchase | 1,093,725 | 3.0650 GBP | ||||
10 10/11p ordinary | Purchase | 97,000 | 3.0502 GBP | ||||
10 10/11p ordinary | Purchase | 42,134 | 3.0653 GBP | ||||
10 10/11p ordinary | Purchase | 39,281 | 3.0627 GBP | ||||
10 10/11p ordinary | Purchase | 33,970 | 3.0660 GBP | ||||
10 10/11p ordinary | Purchase | 29,435 | 3.0654 GBP | ||||
10 10/11p ordinary | Purchase | 25,519 | 3.0638 GBP | ||||
10 10/11p ordinary | Purchase | 24,286 | 3.0740 GBP | ||||
10 10/11p ordinary | Purchase | 24,252 | 3.0645 GBP | ||||
10 10/11p ordinary | Purchase | 19,698 | 3.0641 GBP | ||||
10 10/11p ordinary | Purchase | 18,186 | 3.0664 GBP | ||||
10 10/11p ordinary | Purchase | 15,640 | 3.0649 GBP | ||||
10 10/11p ordinary | Purchase | 15,012 | 3.0692 GBP | ||||
10 10/11p ordinary | Purchase | 13,229 | 3.0646 GBP | ||||
10 10/11p ordinary | Purchase | 8,101 | 3.0634 GBP | ||||
10 10/11p ordinary | Purchase | 5,435 | 3.0670 GBP | ||||
10 10/11p ordinary | Purchase | 5,134 | 3.0603 GBP | ||||
10 10/11p ordinary | Purchase | 4,340 | 3.0657 GBP | ||||
10 10/11p ordinary | Purchase | 3,570 | 3.0629 GBP | ||||
10 10/11p ordinary | Purchase | 2,694 | 3.0655 GBP | ||||
10 10/11p ordinary | Purchase | 2,410 | 3.0630 GBP | ||||
10 10/11p ordinary | Purchase | 2,205 | 3.0624 GBP | ||||
10 10/11p ordinary | Purchase | 2,000 | 3.0710 GBP | ||||
10 10/11p ordinary | Purchase | 1,905 | 3.0640 GBP | ||||
10 10/11p ordinary | Purchase | 1,249 | 3.0680 GBP | ||||
10 10/11p ordinary | Purchase | 1,038 | 3.0600 GBP | ||||
10 10/11p ordinary | Purchase | 67 | 3.0700 GBP | ||||
10 10/11p ordinary | Sale | 12,786,664 | 3.0500 GBP | ||||
10 10/11p ordinary | Sale | 7,978,377 | 3.0503 GBP | ||||
10 10/11p ordinary | Sale | 3,092,793 | 3.0501 GBP | ||||
10 10/11p ordinary | Sale | 75,402 | 3.0639 GBP | ||||
10 10/11p ordinary | Sale | 70,354 | 3.0648 GBP | ||||
10 10/11p ordinary | Sale | 66,726 | 3.0663 GBP | ||||
10 10/11p ordinary | Sale | 65,000 | 3.0717 GBP | ||||
10 10/11p ordinary | Sale | 47,798 | 3.0497 GBP | ||||
10 10/11p ordinary | Sale | 26,517 | 3.0632 GBP | ||||
10 10/11p ordinary | Sale | 23,395 | 3.0670 GBP | ||||
10 10/11p ordinary | Sale | 10,125 | 3.0620 GBP | ||||
10 10/11p ordinary | Sale | 7,086 | 3.0641 GBP | ||||
10 10/11p ordinary | Sale | 5,299 | 3.0721 GBP | ||||
10 10/11p ordinary | Sale | 3,858 | 3.0693 GBP | ||||
10 10/11p ordinary | Sale | 3,832 | 3.0616 GBP | ||||
10 10/11p ordinary | Sale | 3,575 | 3.0689 GBP | ||||
10 10/11p ordinary | Sale | 3,323 | 3.0674 GBP | ||||
10 10/11p ordinary | Sale | 3,274 | 3.0625 GBP | ||||
10 10/11p ordinary | Sale | 2,781 | 3.0664 GBP | ||||
10 10/11p ordinary | Sale | 1,578 | 3.0657 GBP | ||||
10 10/11p ordinary | Sale | 1,331 | 3.0630 GBP | ||||
10 10/11p ordinary | Sale | 1,299 | 3.0628 GBP | ||||
10 10/11p ordinary | Sale | 1,249 | 3.0680 GBP | ||||
10 10/11p ordinary | Sale | 1,157 | 3.0640 GBP | ||||
10 10/11p ordinary | Sale | 1,143 | 3.0600 GBP | ||||
10 10/11p ordinary | Sale | 1,062 | 3.0631 GBP | ||||
10 10/11p ordinary | Sale | 939 | 3.0679 GBP | ||||
10 10/11p ordinary | Sale | 939 | 3.0700 GBP | ||||
10 10/11p ordinary | Sale | 492 | 3.0740 GBP | ||||
10 10/11p ordinary | Sale | 300 | 3.0720 GBP | ||||
10 10/11p ordinary | Sale | 42 | 3.0660 GBP | ||||
10 10/11p ordinary | Sale | 2 | 3.0710 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 Long | 47,798 | 3.0497 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 780,125 | 3.0500 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 39,255 | 3.0610 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 5,826 | 3.0620 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 26,517 | 3.0632 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 1,578 | 3.0657 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 66,726 | 3.0663 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 36,314 | 3.0671 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 386 | 3.0680 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 9,461 | 3.0689 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 65,000 | 3.0717 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 1,765 | 3.0726 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 492 | 3.0740 GBP | |||
10 10/11p ordinary | SWAP | Opening Short | 6,044,700 | 3.0500 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 6,304,037 | 3.0502 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 250,000 | 3.0508 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 12,300 | 3.0601 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 5,134 | 3.0603 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 3,570 | 3.0629 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 1,053,572 | 3.0650 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 3,411 | 3.0653 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 29,435 | 3.0654 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 25,323 | 3.0656 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 33,928 | 3.0660 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 5,435 | 3.0670 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 10,142 | 3.0672 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 24,285 | 3.0740 GBP | |||
10 10/11p ordinary | CFD | Decreasing Short | 25,525 | 3.0638 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 2,040,410 | 3.0502 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 20,974 | 3.0628 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 14,865 | 3.0641 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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| securities | unit | |||
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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: | 02 Jul 2025 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||
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Related Shares:
BarclaysDirect Line