26th Aug 2015 14:30
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: | 25 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: | 8,278,920 | 0.81% | 3,996,038 | 0.39% | |||||||
| (2) | Cash-settled derivatives: | ||||||||||
| 2,309,309 | 0.23% | 2,988,110 | 0.29% | ||||||||
| (3) | Stock-settled derivatives (including options) | ||||||||||
| and agreements to purchase/sell: | 0 | 0.00% | 1,745,000 | 0.17% | |||||||
| (4) | |||||||||||
| TOTAL: | 10,588,229 | 1.04% | 8,729,148 | 0.86% | |||||||
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 | 304 | 5.1659 GBP | ||||
| ORD | Purchase | 734 | 5.2000 GBP | ||||
| ORD | Purchase | 746 | 5.1650 GBP | ||||
| ORD | Purchase | 1,191 | 5.2175 GBP | ||||
| ORD | Purchase | 1,932 | 5.1950 GBP | ||||
| ORD | Purchase | 2,047 | 5.1725 GBP | ||||
| ORD | Purchase | 2,118 | 5.1800 GBP | ||||
| ORD | Purchase | 2,351 | 5.1806 GBP | ||||
| ORD | Purchase | 2,559 | 5.2150 GBP | ||||
| ADR | Purchase | 4,000 | 8.0900 USD | ||||
| ORD | Purchase | 4,692 | 5.2100 GBP | ||||
| ORD | Purchase | 5,110 | 5.1900 GBP | ||||
| ORD | Purchase | 5,668 | 5.1773 GBP | ||||
| ORD | Purchase | 5,875 | 5.1703 GBP | ||||
| ORD | Purchase | 6,717 | 5.1850 GBP | ||||
| ORD | Purchase | 9,172 | 5.2050 GBP | ||||
| ORD | Purchase | 10,225 | 5.1702 GBP | ||||
| ORD | Purchase | 14,284 | 5.2094 GBP | ||||
| ORD | Purchase | 15,275 | 5.2040 GBP | ||||
| ORD | Purchase | 18,482 | 5.1727 GBP | ||||
| ORD | Purchase | 45,424 | 5.2200 GBP | ||||
| ORD | Purchase | 46,658 | 5.2023 GBP | ||||
| ORD | Purchase | 52,052 | 5.1987 GBP | ||||
| ORD | Purchase | 64,400 | 5.1762 GBP | ||||
| ORD | Purchase | 68,805 | 5.1801 GBP | ||||
| ORD | Purchase | 83,247 | 5.1750 GBP | ||||
| ORD | Purchase | 135,000 | 5.2300 GBP | ||||
| ORD | Purchase | 167,896 | 5.1569 GBP | ||||
| ORD | Purchase | 243,981 | 5.1450 GBP | ||||
| ORD | Purchase | 250,000 | 5.1648 GBP | ||||
| ORD | Purchase | 560,868 | 5.1700 GBP | ||||
| ORD | Purchase | 1,000,000 | 5.1930 GBP | ||||
| ORD | Sale | 152 | 5.1775 GBP | ||||
| ORD | Sale | 746 | 5.1650 GBP | ||||
| ORD | Sale | 1,073 | 5.1850 GBP | ||||
| ORD | Sale | 1,191 | 5.2175 GBP | ||||
| ORD | Sale | 1,767 | 5.1792 GBP | ||||
| ORD | Sale | 1,801 | 5.2150 GBP | ||||
| ORD | Sale | 1,885 | 5.1734 GBP | ||||
| ORD | Sale | 1,932 | 5.1950 GBP | ||||
| ORD | Sale | 2,047 | 5.1725 GBP | ||||
| ORD | Sale | 2,118 | 5.1800 GBP | ||||
| ORD | Sale | 3,851 | 5.2100 GBP | ||||
| ADR | Sale | 4,000 | 8.0900 USD | ||||
| ORD | Sale | 6,216 | 5.1745 GBP | ||||
| ORD | Sale | 6,369 | 5.1700 GBP | ||||
| ORD | Sale | 12,162 | 5.1705 GBP | ||||
| ORD | Sale | 12,677 | 5.2200 GBP | ||||
| ORD | Sale | 18,552 | 5.1900 GBP | ||||
| ORD | Sale | 21,372 | 5.1779 GBP | ||||
| ORD | Sale | 27,364 | 5.1768 GBP | ||||
| ORD | Sale | 31,390 | 5.1747 GBP | ||||
| ORD | Sale | 46,859 | 5.1781 GBP | ||||
| ORD | Sale | 57,613 | 5.1836 GBP | ||||
| ORD | Sale | 65,874 | 5.1750 GBP | ||||
| ORD | Sale | 77,342 | 5.1832 GBP | ||||
| ORD | Sale | 81,596 | 5.1825 GBP | ||||
| ORD | Sale | 117,038 | 5.1835 GBP | ||||
| ORD | Sale | 125,592 | 5.1860 GBP | ||||
| ORD | Sale | 186,258 | 5.1848 GBP | ||||
| ORD | Sale | 273,118 | 5.1927 GBP | ||||
| ORD | Sale | 390,966 | 5.1450 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 | 1,885 | 5.1734 GBP | |||||
| ORD | SWAP | Long | 7,961 | 5.1812 GBP | |||||
| ORD | CFD | Long | 10,000 | 5.1828 GBP | |||||
| ORD | CFD | Long | 10,000 | 5.1993 GBP | |||||
| ORD | CFD | Long | 10,000 | 5.2043 GBP | |||||
| ORD | CFD | Long | 10,000 | 5.2293 GBP | |||||
| ORD | SWAP | Long | 12,162 | 5.1705 GBP | |||||
| ORD | CFD | Long | 15,000 | 5.2343 GBP | |||||
| ORD | CFD | Long | 20,000 | 5.1743 GBP | |||||
| ORD | CFD | Long | 20,373 | 5.1994 GBP | |||||
| ORD | CFD | Long | 30,000 | 5.1843 GBP | |||||
| ORD | CFD | Long | 34,000 | 5.2495 GBP | |||||
| ORD | CFD | Long | 17,768 | 5.1992 GBP | |||||
| ORD | CFD | Long | 46,859 | 5.1781 GBP | |||||
| ORD | CFD | Long | 50,000 | 5.1995 GBP | |||||
| ORD | CFD | Long | 59,300 | 5.1893 GBP | |||||
| ORD | CFD | Long | 61,413 | 5.1796 GBP | |||||
| ORD | SWAP | Long | 61,413 | 5.1796 GBP | |||||
| ORD | CFD | Long | 75,000 | 5.1943 GBP | |||||
| ORD | CFD | Long | 87,733 | 5.1793 GBP | |||||
| ORD | SWAP | Long | 184,172 | 5.1834 GBP | |||||
| ORD | CFD | Short | 304 | 5.1659 GBP | |||||
| ORD | SWAP | Short | 2,351 | 5.1806 GBP | |||||
| ORD | CFD | Short | 6,359 | 5.1457 GBP | |||||
| ORD | SWAP | Short | 18,482 | 5.1727 GBP | |||||
| ORD | CFD | Short | 17,202 | 5.1819 GBP | |||||
| ORD | SWAP | Short | 53,813 | 5.1810 GBP | |||||
| ORD | SWAP | Short | 105,462 | 5.1450 GBP | |||||
| ORD | CFD | Short | 59,533 | 5.1802 GBP | |||||
| ORD | SWAP | Short | 1,558,854 | 5.1847 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: | 26 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.
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/20150826005650/en/
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