24th Aug 2015 12:58
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: | 21 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: | 7,811,335 | 0.77% | 4,859,258 | 0.48% | |||||||
| (2) | Cash-settled derivatives: | ||||||||||
| 3,023,658 | 0.30% | 2,537,790 | 0.25% | ||||||||
| (3) | Stock-settled derivatives (including options) | ||||||||||
| and agreements to purchase/sell: | 0 | 0.00% | 1,745,000 | 0.17% | |||||||
| (4) | |||||||||||
| TOTAL: | 10,834,993 | 1.07% | 9,142,048 | 0.90% | |||||||
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 | 40 | 4.9190 GBP | ||||
| ORD | Purchase | 236 | 4.9305 GBP | ||||
| ORD | Purchase | 290 | 5.0475 GBP | ||||
| ORD | Purchase | 316 | 4.9270 GBP | ||||
| ADR | Purchase | 500 | 7.7000 USD | ||||
| ORD | Purchase | 563 | 4.9315 GBP | ||||
| ORD | Purchase | 598 | 4.9350 GBP | ||||
| ORD | Purchase | 606 | 4.9745 GBP | ||||
| ORD | Purchase | 606 | 4.9750 GBP | ||||
| ORD | Purchase | 896 | 4.9131 GBP | ||||
| ORD | Purchase | 1,767 | 4.9509 GBP | ||||
| ORD | Purchase | 2,394 | 5.0125 GBP | ||||
| ORD | Purchase | 3,044 | 4.9413 GBP | ||||
| ORD | Purchase | 4,746 | 5.0066 GBP | ||||
| ORD | Purchase | 15,000 | 4.9374 GBP | ||||
| ORD | Purchase | 19,396 | 4.9439 GBP | ||||
| ORD | Purchase | 33,747 | 4.9417 GBP | ||||
| ORD | Purchase | 56,296 | 4.9524 GBP | ||||
| ORD | Purchase | 83,422 | 4.9629 GBP | ||||
| ORD | Purchase | 102,058 | 4.9511 GBP | ||||
| ORD | Purchase | 189,007 | 4.9498 GBP | ||||
| ORD | Purchase | 380,353 | 4.9130 GBP | ||||
| ORD | Sale | 290 | 5.0475 GBP | ||||
| ORD | Sale | 316 | 4.9270 GBP | ||||
| ORD | Sale | 489 | 4.9294 GBP | ||||
| ADR | Sale | 500 | 7.7000 USD | ||||
| ORD | Sale | 563 | 4.9315 GBP | ||||
| ORD | Sale | 598 | 4.9350 GBP | ||||
| ORD | Sale | 606 | 4.9750 GBP | ||||
| ORD | Sale | 1,197 | 5.0125 GBP | ||||
| ORD | Sale | 1,487 | 5.0193 GBP | ||||
| ORD | Sale | 2,260 | 4.9352 GBP | ||||
| ORD | Sale | 2,721 | 4.9372 GBP | ||||
| ORD | Sale | 5,149 | 4.9551 GBP | ||||
| ORD | Sale | 6,169 | 4.9763 GBP | ||||
| ORD | Sale | 6,466 | 4.9224 GBP | ||||
| ORD | Sale | 9,298 | 4.9490 GBP | ||||
| ORD | Sale | 53,989 | 4.9717 GBP | ||||
| ORD | Sale | 99,245 | 4.9132 GBP | ||||
| ORD | Sale | 151,587 | 4.9525 GBP | ||||
| ORD | Sale | 457,395 | 4.9130 GBP |
(b) Cash-settled derivative transactions
| Class of | Product | Nature of dealing | Number of | Price per | |||||
| relevant | description | reference | unit | ||||||
| security | securities | ||||||||
| ORD | CFD | Long | 920 | 4.9707 GBP | |||||
| ORD | CFD | Long | 2,260 | 4.9352 GBP | |||||
| ORD | CFD | Long | 1,342 | 4.9183 GBP | |||||
| ORD | CFD | Long | 3,932 | 4.9443 GBP | |||||
| ORD | SWAP | Long | 4,863 | 4.9250 GBP | |||||
| ORD | SWAP | Long | 8,363 | 4.9676 GBP | |||||
| ORD | CFD | Long | 36,079 | 4.9429 GBP | |||||
| ORD | SWAP | Long | 82,120 | 4.9768 GBP | |||||
| ORD | SWAP | Long | 88,287 | 4.9458 GBP | |||||
| ORD | CFD | Short | 100 | 4.9256 GBP | |||||
| ORD | CFD | Short | 356 | 4.9746 GBP | |||||
| ORD | CFD | Short | 484 | 4.9676 GBP | |||||
| ORD | CFD | Short | 500 | 4.9134 GBP | |||||
| ORD | SWAP | Short | 600 | 4.9151 GBP | |||||
| ORD | CFD | Short | 670 | 4.9545 GBP | |||||
| ORD | CFD | Short | 1,000 | 4.9856 GBP | |||||
| ORD | CFD | Short | 1,000 | 4.9906 GBP | |||||
| ORD | CFD | Short | 1,159 | 4.9115 GBP | |||||
| ORD | CFD | Short | 1,497 | 4.9715 GBP | |||||
| ORD | CFD | Short | 1,589 | 5.0256 GBP | |||||
| ORD | CFD | Short | 2,330 | 4.9763 GBP | |||||
| ORD | CFD | Short | 2,500 | 4.8975 GBP | |||||
| ORD | CFD | Short | 2,531 | 4.9887 GBP | |||||
| ORD | CFD | Short | 2,730 | 4.9056 GBP | |||||
| ORD | CFD | Short | 2,881 | 4.9645 GBP | |||||
| ORD | SWAP | Short | 3,044 | 4.9413 GBP | |||||
| ORD | CFD | Short | 3,548 | 5.0406 GBP | |||||
| ORD | CFD | Short | 4,277 | 4.9465 GBP | |||||
| ORD | SWAP | Short | 4,746 | 5.0066 GBP | |||||
| ORD | CFD | Short | 4,895 | 4.9943 GBP | |||||
| ORD | CFD | Short | 4,961 | 4.9385 GBP | |||||
| ORD | CFD | Short | 5,000 | 4.8985 GBP | |||||
| ORD | CFD | Short | 5,000 | 4.9095 GBP | |||||
| ORD | CFD | Short | 5,000 | 4.9105 GBP | |||||
| ORD | CFD | Short | 5,000 | 4.9125 GBP | |||||
| ORD | CFD | Short | 5,000 | 4.9205 GBP | |||||
| ORD | CFD | Short | 5,000 | 4.9235 GBP | |||||
| ORD | CFD | Short | 5,000 | 4.9285 GBP | |||||
| ORD | CFD | Short | 5,000 | 4.9295 GBP | |||||
| ORD | CFD | Short | 5,000 | 4.9315 GBP | |||||
| ORD | CFD | Short | 5,000 | 4.9345 GBP | |||||
| ORD | CFD | Short | 5,000 | 4.9355 GBP | |||||
| ORD | CFD | Short | 5,000 | 4.9455 GBP | |||||
| ORD | CFD | Short | 5,000 | 4.9485 GBP | |||||
| ORD | CFD | Short | 5,000 | 4.9655 GBP | |||||
| ORD | CFD | Short | 5,000 | 4.9685 GBP | |||||
| ORD | CFD | Short | 5,000 | 4.9695 GBP | |||||
| ORD | CFD | Short | 5,000 | 5.0106 GBP | |||||
| ORD | CFD | Short | 5,000 | 5.0156 GBP | |||||
| ORD | CFD | Short | 5,000 | 5.0356 GBP | |||||
| ORD | SWAP | Short | 5,736 | 4.9550 GBP | |||||
| ORD | SWAP | Short | 5,863 | 4.9378 GBP | |||||
| ORD | CFD | Short | 7,016 | 5.0306 GBP | |||||
| ORD | CFD | Short | 7,074 | 4.9275 GBP | |||||
| ORD | CFD | Short | 10,000 | 4.9015 GBP | |||||
| ORD | CFD | Short | 10,000 | 4.9045 GBP | |||||
| ORD | CFD | Short | 10,000 | 4.9145 GBP | |||||
| ORD | CFD | Short | 10,000 | 4.9705 GBP | |||||
| ORD | CFD | Short | 10,000 | 4.9755 GBP | |||||
| ORD | CFD | Short | 10,000 | 5.0206 GBP | |||||
| ORD | CFD | Short | 11,000 | 4.9327 GBP | |||||
| ORD | CFD | Short | 11,451 | 4.9005 GBP | |||||
| ORD | CFD | Short | 11,518 | 4.9255 GBP | |||||
| ORD | CFD | Short | 15,000 | 4.9055 GBP | |||||
| ORD | SWAP | Short | 15,497 | 4.9133 GBP | |||||
| ORD | CFD | Short | 16,317 | 5.0456 GBP | |||||
| ORD | CFD | Short | 27,780 | 4.9305 GBP | |||||
| ORD | CFD | Short | 68,111 | 4.9680 GBP | |||||
| ORD | SWAP | Short | 87,906 | 4.9578 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: | 24 Aug 2015 | ||
| Contact name: | Rajesh Muthanna | ||
| Telephone number: | 020 3555 4634 |
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 | 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150824005479/en/
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