7th Sep 2015 15:16
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 interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. | ||
| (c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | RSA INSURANCE GROUP PLC | |
| (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: For an opening position disclosure, state the latest practicable date prior to the disclosure | 4 September 2015 | |
| (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state “N/A” | NO |
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: | 10,726,265 | 1.05% | 3,768,023 | 0.37% | |||||||
| (2) | Cash-settled derivatives: | ||||||||||
| 2,091,735 | 0.21% | 4,701,474 | 0.46% | ||||||||
| (3) | Stock-settled derivatives (including options) | ||||||||||
| and agreements to purchase/sell: | 0 | 0.00% | 1,745,000 | 0.17% | |||||||
| (4) | |||||||||||
| TOTAL: | 12,818,000 | 1.26% | 10,214,497 | 1.00% |
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 | 302 | 5.0500 GBP | ||||||
| ORD | Purchase | 581 | 4.9780 GBP | ||||||
| ORD | Purchase | 900 | 5.0328 GBP | ||||||
| ORD | Purchase | 1,356 | 5.0300 GBP | ||||||
| ORD | Purchase | 2,031 | 5.0525 GBP | ||||||
| ORD | Purchase | 2,031 | 5.0519 GBP | ||||||
| ORD | Purchase | 2,384 | 5.0325 GBP | ||||||
| ORD | Purchase | 2,448 | 4.9800 GBP | ||||||
| ORD | Purchase | 2,585 | 5.0250 GBP | ||||||
| ORD | Purchase | 3,071 | 5.0080 GBP | ||||||
| ORD | Purchase | 3,452 | 4.9906 GBP | ||||||
| ADR | Purchase | 4,124 | 7.6325 USD | ||||||
| ORD | Purchase | 4,196 | 5.0064 GBP | ||||||
| ORD | Purchase | 4,252 | 5.0000 GBP | ||||||
| ORD | Purchase | 5,295 | 4.9858 GBP | ||||||
| ORD | Purchase | 7,170 | 5.0255 GBP | ||||||
| ORD | Purchase | 9,850 | 5.0850 GBP | ||||||
| ORD | Purchase | 13,147 | 5.0473 GBP | ||||||
| ORD | Purchase | 15,430 | 5.0321 GBP | ||||||
| ORD | Purchase | 15,590 | 5.0343 GBP | ||||||
| ORD | Purchase | 22,071 | 5.0050 GBP | ||||||
| ORD | Purchase | 26,636 | 5.0241 GBP | ||||||
| ORD | Purchase | 26,736 | 5.0228 GBP | ||||||
| ORD | Purchase | 32,042 | 5.0212 GBP | ||||||
| ORD | Purchase | 37,783 | 5.0275 GBP | ||||||
| ORD | Purchase | 49,977 | 5.0245 GBP | ||||||
| ORD | Purchase | 61,813 | 4.9840 GBP | ||||||
| ORD | Purchase | 218,621 | 5.0400 GBP | ||||||
| ORD | Purchase | 250,000 | 5.0299 GBP | ||||||
| ORD | Sale | 297 | 5.0275 GBP | ||||||
| ORD | Sale | 302 | 5.0500 GBP | ||||||
| ORD | Sale | 581 | 4.9780 GBP | ||||||
| ORD | Sale | 826 | 5.0038 GBP | ||||||
| ORD | Sale | 1,192 | 5.0325 GBP | ||||||
| ORD | Sale | 2,126 | 5.0000 GBP | ||||||
| ORD | Sale | 2,448 | 4.9800 GBP | ||||||
| ORD | Sale | 2,585 | 5.0250 GBP | ||||||
| ORD | Sale | 3,218 | 5.0525 GBP | ||||||
| ORD | Sale | 3,421 | 5.0124 GBP | ||||||
| ORD | Sale | 3,821 | 5.0283 GBP | ||||||
| ADR | Sale | 4,124 | 7.6325 USD | ||||||
| ORD | Sale | 6,447 | 5.0289 GBP | ||||||
| ORD | Sale | 6,541 | 5.0213 GBP | ||||||
| ORD | Sale | 12,424 | 5.0281 GBP | ||||||
| ORD | Sale | 12,447 | 5.0394 GBP | ||||||
| ORD | Sale | 48,558 | 5.0400 GBP | ||||||
| ORD | Sale | 56,000 | 5.0393 GBP | ||||||
| ORD | Sale | 71,515 | 5.0425 GBP | ||||||
| ORD | Sale | 161,730 | 4.9840 GBP | ||||||
| ORD | Sale | 208,802 | 5.0300 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 | 3,000 | 5.0487 GBP | |||||
| ORD | CFD | Long | 7,663 | 5.0387 GBP | |||||
| ORD | CFD | Long | 24,908 | 5.0354 GBP | |||||
| ORD | SWAP | Long | 35,166 | 5.0265 GBP | |||||
| ORD | CFD | Long | 227,189 | 5.0322 GBP | |||||
| ORD | CFD | Short | 1,861 | 4.9869 GBP | |||||
| ORD | SWAP | Short | 2,655 | 5.0013 GBP | |||||
| ORD | SWAP | Short | 2,712 | 4.9811 GBP | |||||
| ORD | CFD | Short | 3,236 | 5.0552 GBP | |||||
| ORD | CFD | Short | 4,124 | 5.0049 GBP | |||||
| ORD | CFD | Short | 4,690 | 4.9806 GBP | |||||
| ORD | SWAP | Short | 5,295 | 4.9858 GBP | |||||
| ORD | CFD | Short | 7,065 | 5.0389 GBP | |||||
| ORD | CFD | Short | 9,850 | 5.0850 GBP | |||||
| ORD | SWAP | Short | 13,147 | 5.0473 GBP | |||||
| ORD | SWAP | Short | 16,600 | 4.9892 GBP | |||||
| ORD | CFD | Short | 23,116 | 5.0185 GBP | |||||
| ORD | CFD | Short | 26,736 | 5.0225 GBP | |||||
| ORD | SWAP | Short | 34,435 | 5.0153 GBP | |||||
| ORD | CFD | Short | 259,577 | 5.0299 GBP | |||||
| ORD | SWAP | Short | 269,154 | 5.0299 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: | 7 September 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 OPTION AND DERIVATIVE 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. | 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 | 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: | |||||||||||||
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