3rd Aug 2015 07:00
FORM 8.3
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BYA PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 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: | 30 July 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: | 9,009,011 | 0.89% | 6,138,106 | 0.60% | |||||||
| (2) | Cash-settled derivatives: | ||||||||||
| 4,336,972 | 0.43% | 1,166,348 | 0.11% | ||||||||
| (3) | Stock-settled derivatives (including options) | ||||||||||
| and agreements to purchase/sell: | 0 | 0.00% | 3,650,000 | 0.36% | |||||||
| (4) | |||||||||||
| TOTAL: | 13,345,983 | 1.31% | 10,954,454 | 1.08% | |||||||
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 | ||||||
| ADR | Purchase | 109 | 8.1516 USD | ||||
| ORD | Purchase | 422 | 5.1850 GBP | ||||
| ORD | Purchase | 774 | 5.1625 GBP | ||||
| ORD | Purchase | 1,548 | 5.1675 GBP | ||||
| ORD | Purchase | 1,804 | 5.1375 GBP | ||||
| ORD | Purchase | 2,228 | 5.1838 GBP | ||||
| ORD | Purchase | 2,472 | 5.1808 GBP | ||||
| ORD | Purchase | 3,127 | 5.1626 GBP | ||||
| ORD | Purchase | 3,309 | 5.1750 GBP | ||||
| ORD | Purchase | 5,925 | 5.1691 GBP | ||||
| ORD | Purchase | 8,419 | 5.1800 GBP | ||||
| ADR | Purchase | 9,700 | 8.1000 USD | ||||
| ORD | Purchase | 27,722 | 5.1739 GBP | ||||
| ORD | Purchase | 31,117 | 5.1693 GBP | ||||
| ORD | Purchase | 32,500 | 5.1663 GBP | ||||
| ORD | Purchase | 33,213 | 5.1706 GBP | ||||
| ORD | Purchase | 33,380 | 5.1885 GBP | ||||
| ORD | Purchase | 47,716 | 5.1832 GBP | ||||
| ORD | Purchase | 139,077 | 5.1700 GBP | ||||
| ORD | Purchase | 443,014 | 5.1710 GBP | ||||
| ADR | Sale | 109 | 8.1516 USD | ||||
| ORD | Sale | 230 | 5.1850 GBP | ||||
| ORD | Sale | 584 | 5.1575 GBP | ||||
| ORD | Sale | 774 | 5.1625 GBP | ||||
| ORD | Sale | 774 | 5.1675 GBP | ||||
| ORD | Sale | 1,552 | 5.1500 GBP | ||||
| ORD | Sale | 1,758 | 5.1619 GBP | ||||
| ORD | Sale | 1,804 | 5.1375 GBP | ||||
| ORD | Sale | 2,288 | 5.1800 GBP | ||||
| ORD | Sale | 2,642 | 5.1655 GBP | ||||
| ORD | Sale | 3,726 | 5.1786 GBP | ||||
| ORD | Sale | 3,901 | 5.1636 GBP | ||||
| ORD | Sale | 4,764 | 5.1691 GBP | ||||
| ORD | Sale | 7,360 | 5.1654 GBP | ||||
| ORD | Sale | 7,942 | 5.1735 GBP | ||||
| ADR | Sale | 9,700 | 8.1000 USD | ||||
| ORD | Sale | 19,876 | 5.1711 GBP | ||||
| ORD | Sale | 23,309 | 5.1750 GBP | ||||
| ORD | Sale | 26,100 | 5.1595 GBP | ||||
| ORD | Sale | 31,123 | 5.1685 GBP | ||||
| ORD | Sale | 37,146 | 5.1694 GBP | ||||
| ORD | Sale | 54,618 | 5.1642 GBP | ||||
| ORD | Sale | 252,786 | 5.1700 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 | 2,390 | 5.1662 GBP | |||||
| ORD | CFD | Long | 9,600 | 5.1735 GBP | |||||
| ORD | SWAP | Long | 16,092 | 5.1673 GBP | |||||
| ORD | CFD | Long | 20,000 | 5.1750 GBP | |||||
| ORD | CFD | Long | 21,443 | 5.1575 GBP | |||||
| ORD | SWAP | Long | 25,600 | 5.1695 GBP | |||||
| ORD | CFD | Long | 26,100 | 5.1595 GBP | |||||
| ORD | SWAP | Long | 52,121 | 5.1689 GBP | |||||
| ORD | CFD | Long | 88,065 | 5.1700 GBP | |||||
| ORD | SWAP | Long | 88,065 | 5.1700 GBP | |||||
| ORD | SWAP | Short | 100 | 5.1601 GBP | |||||
| ORD | CFD | Short | 1,848 | 5.1354 GBP | |||||
| ORD | CFD | Short | 2,472 | 5.1808 GBP | |||||
| ORD | SWAP | Short | 5,925 | 5.1691 GBP | |||||
| ORD | CFD | Short | 9,849 | 5.1721 GBP | |||||
| ORD | SWAP | Short | 10,141 | 5.1648 GBP | |||||
| ORD | CFD | Short | 15,405 | 5.1856 GBP | |||||
| ORD | SWAP | Short | 33,380 | 5.1885 GBP | |||||
| ORD | SWAP | Short | 41,477 | 5.1647 GBP | |||||
| ORD | SWAP | Short | 47,716 | 5.1832 GBP | |||||
| ORD | CFD | Short | 155,334 | 5.1732 GBP | |||||
| ORD | CFD | Short | 93,762 | 5.1739 GBP | |||||
| ORD | CFD | Short | 204,512 | 5.1693 GBP | |||||
| ORD | SWAP | Short | 204,512 | 5.1693 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: |
| 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
| Is a Supplemental Form 8 (Open Positions) attached? | YES | |
| Date of disclosure: | 31 Jul 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.
SUPPLEMENTAL FORM 8 (OPEN POSITIONS)DETAILS OF OPEN OPTION AND DERIVATIVE POSITIONS, AGREEMENTS TOPURCHASE 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. OPTIONS AND DERIVATIVES
| 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 | Written | -3,650,000 | 540.0000 | 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: |
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