10th Jun 2025 15:02
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: | 09 Jun 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: | 43,469,116 | 3.31% | 3,935,684 | 0.30% | |||
(2) Cash-settled derivatives: | 4,247,327 | 0.32% | 42,756,962 | 3.26% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
TOTAL: | 47,716,443 | 3.64% | 46,692,646 | 3.56% | |||
(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 | 102,436 | 3.0299 GBP | ||||
10 10/11p ordinary | Purchase | 50,264 | 3.0113 GBP | ||||
10 10/11p ordinary | Purchase | 42,169 | 3.0174 GBP | ||||
10 10/11p ordinary | Purchase | 42,053 | 3.0228 GBP | ||||
10 10/11p ordinary | Purchase | 38,600 | 3.0235 GBP | ||||
10 10/11p ordinary | Purchase | 13,927 | 3.0183 GBP | ||||
10 10/11p ordinary | Purchase | 9,335 | 3.0314 GBP | ||||
10 10/11p ordinary | Purchase | 3,509 | 3.0287 GBP | ||||
10 10/11p ordinary | Purchase | 3,493 | 3.0202 GBP | ||||
10 10/11p ordinary | Purchase | 3,058 | 3.0100 GBP | ||||
10 10/11p ordinary | Purchase | 2,078 | 3.0320 GBP | ||||
10 10/11p ordinary | Purchase | 508 | 2.9720 GBP | ||||
10 10/11p ordinary | Purchase | 500 | 3.0370 GBP | ||||
10 10/11p ordinary | Purchase | 378 | 3.0120 GBP | ||||
10 10/11p ordinary | Purchase | 280 | 3.0280 GBP | ||||
10 10/11p ordinary | Purchase | 278 | 3.0200 GBP | ||||
10 10/11p ordinary | Purchase | 121 | 3.0170 GBP | ||||
10 10/11p ordinary | Purchase | 71 | 3.0318 GBP | ||||
10 10/11p ordinary | Purchase | 65 | 3.0300 GBP | ||||
10 10/11p ordinary | Purchase | 38 | 3.0226 GBP | ||||
10 10/11p ordinary | Sale | 71,082 | 3.0099 GBP | ||||
10 10/11p ordinary | Sale | 60,498 | 3.0310 GBP | ||||
10 10/11p ordinary | Sale | 51,947 | 3.0229 GBP | ||||
10 10/11p ordinary | Sale | 33,263 | 3.0122 GBP | ||||
10 10/11p ordinary | Sale | 22,579 | 3.0107 GBP | ||||
10 10/11p ordinary | Sale | 19,129 | 3.0112 GBP | ||||
10 10/11p ordinary | Sale | 16,989 | 3.0098 GBP | ||||
10 10/11p ordinary | Sale | 14,521 | 3.0309 GBP | ||||
10 10/11p ordinary | Sale | 11,667 | 3.0266 GBP | ||||
10 10/11p ordinary | Sale | 8,905 | 3.0300 GBP | ||||
10 10/11p ordinary | Sale | 7,833 | 3.0100 GBP | ||||
10 10/11p ordinary | Sale | 7,261 | 3.0221 GBP | ||||
10 10/11p ordinary | Sale | 6,749 | 3.0218 GBP | ||||
10 10/11p ordinary | Sale | 5,327 | 3.0220 GBP | ||||
10 10/11p ordinary | Sale | 4,160 | 3.0259 GBP | ||||
10 10/11p ordinary | Sale | 3,357 | 3.0277 GBP | ||||
10 10/11p ordinary | Sale | 2,765 | 3.0199 GBP | ||||
10 10/11p ordinary | Sale | 2,124 | 3.0306 GBP | ||||
10 10/11p ordinary | Sale | 1,139 | 3.0154 GBP | ||||
10 10/11p ordinary | Sale | 1,050 | 3.0219 GBP | ||||
10 10/11p ordinary | Sale | 668 | 3.0200 GBP | ||||
10 10/11p ordinary | Sale | 384 | 3.0124 GBP | ||||
10 10/11p ordinary | Sale | 378 | 3.0120 GBP | ||||
10 10/11p ordinary | Sale | 339 | 3.0172 GBP | ||||
10 10/11p ordinary | Sale | 323 | 3.0299 GBP | ||||
10 10/11p ordinary | Sale | 280 | 3.0283 GBP | ||||
10 10/11p ordinary | Sale | 121 | 3.0173 GBP | ||||
10 10/11p ordinary | Sale | 95 | 3.0260 GBP | ||||
10 10/11p ordinary | Sale | 6 | 3.0320 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 | 18,859 | 3.0098 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 71,082 | 3.0099 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 17,209 | 3.0100 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 16,182 | 3.0111 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 2,947 | 3.0117 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 1,139 | 3.0154 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 2,599 | 3.0175 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 3,118 | 3.0186 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 6,749 | 3.0218 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 7,261 | 3.0221 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 1,692 | 3.0239 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 498 | 3.0259 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 11,667 | 3.0266 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 1,070 | 2.9720 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 2,783 | 3.0100 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 11,000 | 3.0102 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 5,765 | 3.0110 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 42,169 | 3.0174 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 38 | 3.0225 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 38,600 | 3.0235 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 3,509 | 3.0287 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 9,335 | 3.0314 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 970 | 3.0320 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 500 | 3.0370 GBP | |||
10 10/11p ordinary | CFD | Decreasing Short | 2,825 | 3.0158 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 692 | 2.9722 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 4,749 | 3.0310 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: | 10 Jun 2025 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||
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