20th Aug 2015 14:57
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 | RSA INSURANCE GROUP PLC | |||
| relevant securities this form relates: | |||||
| (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: | 19 August 2015 | |||
| (f) | In addition to the company in 1(c) above, is the discloser making | NO | |||
| disclosures in respect of any other party to the offer? |
2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE
If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.
(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: | ORD | ||||||||||
| Interests | Short Positions | ||||||||||
| Number | (%) | Number | (%) | ||||||||
| (1) | Relevant securities owned | ||||||||||
| and/or controlled: | 7,515,597 | 0.74% | 4,653,409 | 0.46% | |||||||
| (2) | Cash-settled derivatives: | ||||||||||
| 2,911,001 | 0.29% | 2,140,018 | 0.21% | ||||||||
| (3) | Stock-settled derivatives (including options) | ||||||||||
| and agreements to purchase/sell: | 15,000 | 0.00% | 1,775,000 | 0.17% | |||||||
| TOTAL: | 10,441,598 | 1.03% | 8,568,427 | 0.84% | |||||||
All interests and all short positions should be disclosed.
Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).
(b) Rights to subscribe for new securities (including directors’ and other employee 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
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.
The currency of all prices and other monetary amounts should be stated.
(a) Purchases and sales
| Class of relevant | Purchase/sale | Number of | Price per unit | ||||
| security | securities | ||||||
| ORD | Purchase | 369 | 5.0975 GBP | ||||
| ORD | Purchase | 405 | 5.0950 GBP | ||||
| ORD | Purchase | 984 | 5.0775 GBP | ||||
| ORD | Purchase | 1,300 | 5.0925 GBP | ||||
| ORD | Purchase | 1,397 | 5.1075 GBP | ||||
| ORD | Purchase | 1,481 | 5.0847 GBP | ||||
| ORD | Purchase | 1,573 | 5.1125 GBP | ||||
| ORD | Purchase | 1,600 | 5.0725 GBP | ||||
| ORD | Purchase | 1,703 | 5.0870 GBP | ||||
| ORD | Purchase | 1,777 | 5.0900 GBP | ||||
| ORD | Purchase | 2,252 | 5.0750 GBP | ||||
| ORD | Purchase | 2,340 | 5.0800 GBP | ||||
| ORD | Purchase | 3,506 | 5.0753 GBP | ||||
| ORD | Purchase | 4,257 | 5.0850 GBP | ||||
| ADR | Purchase | 4,380 | 7.9181 USD | ||||
| ORD | Purchase | 6,422 | 5.0812 GBP | ||||
| ORD | Purchase | 7,821 | 5.0825 GBP | ||||
| ORD | Purchase | 8,927 | 5.0936 GBP | ||||
| ORD | Purchase | 9,124 | 5.0927 GBP | ||||
| ORD | Purchase | 15,078 | 5.0748 GBP | ||||
| ORD | Purchase | 15,265 | 5.0837 GBP | ||||
| ORD | Purchase | 21,181 | 5.0875 GBP | ||||
| ORD | Purchase | 31,079 | 5.0804 GBP | ||||
| ORD | Purchase | 32,689 | 5.0858 GBP | ||||
| ORD | Purchase | 34,936 | 5.0826 GBP | ||||
| ORD | Purchase | 41,850 | 5.0873 GBP | ||||
| ORD | Purchase | 44,096 | 5.1099 GBP | ||||
| ORD | Purchase | 77,668 | 5.0894 GBP | ||||
| ORD | Purchase | 217,822 | 5.0862 GBP | ||||
| ORD | Purchase | 249,600 | 5.1049 GBP | ||||
| ORD | Purchase | 311,134 | 5.0600 GBP | ||||
| ORD | Sale | 200 | 5.1100 GBP | ||||
| ORD | Sale | 369 | 5.0975 GBP | ||||
| ORD | Sale | 405 | 5.0950 GBP | ||||
| ORD | Sale | 984 | 5.0775 GBP | ||||
| ORD | Sale | 1,300 | 5.0925 GBP | ||||
| ORD | Sale | 1,397 | 5.1075 GBP | ||||
| ORD | Sale | 1,573 | 5.1125 GBP | ||||
| ORD | Sale | 1,600 | 5.0725 GBP | ||||
| ORD | Sale | 1,777 | 5.0900 GBP | ||||
| ORD | Sale | 1,794 | 5.0800 GBP | ||||
| ORD | Sale | 2,017 | 5.0875 GBP | ||||
| ORD | Sale | 2,252 | 5.0750 GBP | ||||
| ORD | Sale | 2,994 | 5.1058 GBP | ||||
| ORD | Sale | 3,589 | 5.0839 GBP | ||||
| ADR | Sale | 4,380 | 7.9181 USD | ||||
| ORD | Sale | 5,572 | 5.0794 GBP | ||||
| ORD | Sale | 5,858 | 5.0748 GBP | ||||
| ORD | Sale | 7,237 | 5.0935 GBP | ||||
| ORD | Sale | 8,527 | 5.0825 GBP | ||||
| ORD | Sale | 31,607 | 5.0788 GBP | ||||
| ORD | Sale | 32,217 | 5.0831 GBP | ||||
| ORD | Sale | 45,637 | 5.0849 GBP | ||||
| ORD | Sale | 46,516 | 5.0913 GBP | ||||
| ORD | Sale | 58,932 | 5.0776 GBP | ||||
| ORD | Sale | 62,603 | 5.0850 GBP | ||||
| ORD | Sale | 84,614 | 5.0635 GBP | ||||
| ORD | Sale | 429,722 | 5.0600 GBP |
(b) Cash-settled derivative transactions
| Class of | Product | Nature of dealing | Number of | Price per | |||||
| relevant | description | reference | unit | ||||||
| security | securities | ||||||||
| ORD | SWAP | Long | 500 | 5.1059 GBP | |||||
| ORD | CFD | Long | 2,994 | 5.1057 GBP | |||||
| ORD | CFD | Long | 4,380 | 5.0876 GBP | |||||
| ORD | SWAP | Long | 33,866 | 5.0845 GBP | |||||
| ORD | CFD | Long | 19,918 | 5.0793 GBP | |||||
| ORD | SWAP | Short | 900 | 5.1105 GBP | |||||
| ORD | CFD | Short | 1,703 | 5.0864 GBP | |||||
| ORD | CFD | Short | 1,513 | 5.0756 GBP | |||||
| ORD | CFD | Short | 18,195 | 5.0896 GBP | |||||
| ORD | SWAP | Short | 19,164 | 5.0875 GBP | |||||
| ORD | SWAP | Short | 35,594 | 5.0869 GBP | |||||
| ORD | CFD | Short | 41,850 | 5.0872 GBP | |||||
| ORD | SWAP | Short | 67,488 | 5.0893 GBP | |||||
| ORD | SWAP | Short | 217,822 | 5.0861 GBP |
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
| Class of relevant security | Product description e.g. call option | Writing, purchasing, selling, varying etc. | Number of securities to which option relates | Exercise price per unit | Type e.g. American, European etc. | Expiry date | Option money paid/ received per unit |
(ii) Exercise
| Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit |
(d) Other dealings (including subscribing for new securities)
| Class of relevant security | Nature of dealing e.g. subscription, conversion | Details | Price per unit (if applicable) |
4. OTHER INFORMATION
(a) Indemnity and other dealing 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: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “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 or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state “none” |
(c) Attachments
| Is a Supplemental Form 8 (Open Positions) attached? | YES | ||
| Date of disclosure: | 20 Aug 2015 | ||
| Contact name: | Jay Supaya | ||
| Telephone number: | 020 7773 0635 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at [email protected]. The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.
143221.01
SUPPLEMENTAL FORM 8 (OPEN POSITIONS)
DETAILS OF OPEN STOCK-SETTLED DERIVATIVE (INCLUDING OPTION) POSITIONS, AGREEMENTS TO PURCHASE OR SELL ETC.
Note 5(i) on Rule 8 of the Takeover Code (the “Code”)
1. KEY INFORMATION
| Identity of the person whose positions/dealings | Barclays PLC. | ||
| are being disclosed: | |||
| Name of offeror/offeree in relation to whose | RSA INSURANCE GROUP PLC | ||
| relevant securities this from relates: |
2. STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)
| Class | Product | Writing, | Number | Exercise | Type | Expiry | |||||||
| of | description | purchasing, | of | price | date | ||||||||
| relevant | selling, | securities | per unit | ||||||||||
| security | varying etc | to which | |||||||||||
| option | |||||||||||||
| relates | |||||||||||||
| ORD | Call Options | Purchased | 84,000 | 5.4570 | European | 17 Sep 2015 | |||||||
| ORD | Put Options | Purchased | -30,000 | 520.0000 | American | 21 Aug 2015 | |||||||
| ORD | Call Options | Purchased | 15,000 | 540.0000 | American | 21 Aug 2015 | |||||||
| ORD | Call Options | Written | -1,720,000 | 540.0000 | American | 17 Jun 2016 | |||||||
| ORD | Call Options | Written | -25,000 | 560.0000 | American | 17 Jun 2016 |
3. AGREEMENTS TO PURCHASE OR SELL ETC.
| Full details should be given so that the nature of the interest or position can be fully understood: |
It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to cash-settled derivatives.
The currency of all prices and other monetary amounts should be stated.
The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.
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