27th Feb 2025 13:34
FORM 8.3 + Amendment to 2a and 3aReplaces form Released at 25/02/2025 13:08 RNS Number : 4129Y | |||||||
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: | 24 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: | 22,494,739 | 1.72% | 8,766,945 | 0.67% | |||
(2) Cash-settled derivatives: | 9,480,915 | 0.72% | 21,593,912 | 1.64% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
TOTAL: | 31,975,654 | 2.44% | 30,360,857 | 2.31% | |||
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 | 1,400,000 | 2.6384 GBP | ||||
10 10/11p ordinary | Purchase | 503,490 | 2.6386 GBP | ||||
10 10/11p ordinary | Purchase | 500,000 | 2.6395 GBP | ||||
10 10/11p ordinary | Purchase | 500,000 | 2.6397 GBP | ||||
10 10/11p ordinary | Purchase | 300,000 | 2.6393 GBP | ||||
10 10/11p ordinary | Purchase | 155,723 | 2.6389 GBP | ||||
10 10/11p ordinary | Purchase | 152,531 | 2.6360 GBP | ||||
10 10/11p ordinary | Purchase | 87,037 | 2.6460 GBP | ||||
10 10/11p ordinary | Purchase | 60,404 | 2.6486 GBP | ||||
10 10/11p ordinary | Purchase | 51,720 | 2.6400 GBP | ||||
10 10/11p ordinary | Purchase | 44,397 | 2.6404 GBP | ||||
10 10/11p ordinary | Purchase | 36,157 | 2.6405 GBP | ||||
10 10/11p ordinary | Purchase | 34,202 | 2.6411 GBP | ||||
10 10/11p ordinary | Purchase | 20,979 | 2.6500 GBP | ||||
10 10/11p ordinary | Purchase | 18,100 | 2.6408 GBP | ||||
10 10/11p ordinary | Purchase | 12,569 | 2.6374 GBP | ||||
10 10/11p ordinary | Purchase | 7,861 | 2.6425 GBP | ||||
10 10/11p ordinary | Purchase | 7,285 | 2.6401 GBP | ||||
10 10/11p ordinary | Purchase | 6,616 | 2.6417 GBP | ||||
10 10/11p ordinary | Purchase | 5,839 | 2.6381 GBP | ||||
10 10/11p ordinary | Purchase | 5,300 | 2.6418 GBP | ||||
10 10/11p ordinary | Purchase | 4,355 | 2.6430 GBP | ||||
10 10/11p ordinary | Purchase | 3,312 | 2.6372 GBP | ||||
10 10/11p ordinary | Purchase | 1,211 | 2.6380 GBP | ||||
10 10/11p ordinary | Purchase | 1,151 | 2.6414 GBP | ||||
10 10/11p ordinary | Purchase | 1,043 | 2.6420 GBP | ||||
ADR | Purchase | 4 | 13.9700 USD | ||||
10 10/11p ordinary | Sale | 128,364 | 2.6380 GBP | ||||
10 10/11p ordinary | Sale | 123,075 | 2.6381 GBP | ||||
10 10/11p ordinary | Sale | 109,224 | 2.6402 GBP | ||||
10 10/11p ordinary | Sale | 88,962 | 2.6467 GBP | ||||
10 10/11p ordinary | Sale | 84,696 | 2.6375 GBP | ||||
10 10/11p ordinary | Sale | 26,635 | 2.6384 GBP | ||||
10 10/11p ordinary | Sale | 24,788 | 2.6473 GBP | ||||
10 10/11p ordinary | Sale | 20,256 | 2.6499 GBP | ||||
10 10/11p ordinary | Sale | 17,543 | 2.6500 GBP | ||||
10 10/11p ordinary | Sale | 15,559 | 2.6390 GBP | ||||
10 10/11p ordinary | Sale | 13,342 | 2.6368 GBP | ||||
10 10/11p ordinary | Sale | 8,217 | 2.6378 GBP | ||||
10 10/11p ordinary | Sale | 3,437 | 2.6387 GBP | ||||
10 10/11p ordinary | Sale | 512 | 2.6464 GBP | ||||
10 10/11p ordinary | Sale | 455 | 2.6400 GBP | ||||
10 10/11p ordinary | Sale | 205 | 2.6369 GBP | ||||
10 10/11p ordinary | Sale | 177 | 2.6388 GBP | ||||
10 10/11p ordinary | Sale | 115 | 2.6360 GBP | ||||
ADR | Sale | 4 | 13.9700 USD | ||||
(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 | Increasing Long | 19,868 | 2.6371 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 84,696 | 2.6375 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 7,100 | 2.6378 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 128,274 | 2.6380 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 123,075 | 2.6381 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 20,109 | 2.6387 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 5,882 | 2.6394 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 20,689 | 2.6399 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 2,690 | 2.6416 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 512 | 2.6464 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 12,367 | 2.6483 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 4,632 | 2.6485 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 3,000 | 2.6497 GBP | |||
10 10/11p ordinary | SWAP | Increasing Long | 76,210 | 2.6500 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Long | 250,000 | 2.6354 GBP | |||
10 10/11p ordinary | SWAP | Opening Short | 2,000,000 | 2.6384 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 500,000 | 2.6386 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 500,000 | 2.6395 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 500,000 | 2.6397 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 71,397 | 2.6400 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 8,962 | 2.6404 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 18,100 | 2.6408 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 1,151 | 2.6414 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 5,568 | 2.6417 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 5,300 | 2.6418 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 1,228 | 2.6420 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 7,861 | 2.6425 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 750,000 | 2.6427 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 500,000 | 2.6442 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 87,037 | 2.6460 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 51,856 | 2.6501 GBP | |||
10 10/11p ordinary | CFD | Decreasing Short | 3,886 | 2.6445 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 11,132 | 2.6416 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 | ||||||