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FORM 8.3
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PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE
BY
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A
PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1%
OR
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MORE
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Rule 8.3 of the Takeover Code
(the "Code")
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1.
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KEY
INFORMATION
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(a)
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Full name of discloser:
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Barclays PLC.
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(b)
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Owner or controller of interest and short
positions disclosed, if different from
1(a):
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(c)
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Name of offeror/offeree in relation to whose
relevant securities this form relates:
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DIRECT LINE INSURANCE GROUP PLC
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(d)
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If
an exempt fund manager connected with an
offeror/offeree, state this and specify identity of
offeror/offeree:
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(e)
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Date position held/dealing undertaken:
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13
Jan 2025
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(f)
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In
addition to the company in 1(c) above, is the discloser making
disclosures in respect of any other party to the
offer?
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YES:
AVIVA PLC
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2.
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POSITIONS OF THE PERSON MAKING THE
DISCLOSURE
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(a)
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Interests and short positions in the relevant securities of
the offeror or offeree
to which the disclosure relates following the dealing(if
any)
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Class of relevant security:
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10
10/11p ordinary
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Interests
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Short
Positions
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Number
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(%)
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Number
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(%)
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(1)
Relevant securities owned and/or controlled:
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10,247,916
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0.78%
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13,195,085
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1.01%
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(2)
Cash-settled derivatives:
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13,935,751
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1.06%
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10,102,242
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0.77%
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(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
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0
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0.00%
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0
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0.00%
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TOTAL:
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24,183,667
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1.84%
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23,297,327
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1.78%
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Class of relevant security:
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Restricted Tier 1 Note XS1728036366
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Interests
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Short
Positions
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Number
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(%)
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Number
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(%)
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(1)
Relevant securities owned and/or controlled:
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200,000
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0.06%
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0
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0.00%
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(2)
Cash-settled derivatives:
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0
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0.00%
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0
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0.00%
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(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
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0
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0.00%
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0
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0.00%
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TOTAL:
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200,000
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0.06%
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0
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0.00%
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|
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(b)
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Rights to subscribe for new securities (including directors
and
other executive options)
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Class of relevant security in relation to
which subscription right exists
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Details, including nature of the rights
concerned and relevant percentages:
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3.
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DEALINGS (IF ANY) BY THE PERSON MAKING THE
DISCLOSURE
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(a)
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Purchase and sales
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Class of relevant
security
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Purchase/sale
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Number of
securities
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Price per
unit
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10 10/11p
ordinary
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Purchase
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733,193
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2.5508 GBP
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10 10/11p
ordinary
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Purchase
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475,795
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2.5420 GBP
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10 10/11p
ordinary
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Purchase
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225,284
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2.5428 GBP
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|
10 10/11p
ordinary
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Purchase
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94,845
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2.5440 GBP
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|
10 10/11p
ordinary
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Purchase
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44,030
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2.5478 GBP
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|
10 10/11p
ordinary
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Purchase
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29,900
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2.5477 GBP
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|
10 10/11p
ordinary
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Purchase
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22,275
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2.5467 GBP
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|
10 10/11p
ordinary
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Purchase
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19,798
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2.5460 GBP
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|
10 10/11p
ordinary
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Purchase
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18,736
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2.5469 GBP
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|
10 10/11p
ordinary
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Purchase
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14,478
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2.5480 GBP
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|
10 10/11p
ordinary
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Purchase
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12,773
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2.5481 GBP
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10 10/11p
ordinary
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Purchase
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7,490
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2.5502 GBP
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|
10 10/11p
ordinary
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Purchase
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7,488
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2.5500 GBP
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|
10 10/11p
ordinary
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Purchase
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6,603
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2.5496 GBP
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|
10 10/11p
ordinary
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Purchase
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3,929
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2.5471 GBP
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|
10 10/11p
ordinary
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Purchase
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3,870
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2.5497 GBP
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|
10 10/11p
ordinary
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Purchase
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3,752
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2.5487 GBP
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|
10 10/11p
ordinary
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Purchase
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2,506
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2.5490 GBP
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|
10 10/11p
ordinary
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Purchase
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2,381
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2.5479 GBP
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|
10 10/11p
ordinary
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Purchase
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1,694
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2.5499 GBP
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|
10 10/11p
ordinary
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Purchase
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1,360
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2.5493 GBP
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|
10 10/11p
ordinary
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Purchase
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1,258
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2.5540 GBP
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|
10 10/11p
ordinary
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Purchase
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1,257
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2.5520 GBP
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10 10/11p
ordinary
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Sale
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734,487
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2.5434 GBP
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10 10/11p
ordinary
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Sale
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345,955
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2.5513 GBP
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10 10/11p
ordinary
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Sale
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302,824
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2.5419 GBP
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|
10 10/11p
ordinary
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Sale
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220,998
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2.5459 GBP
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10 10/11p
ordinary
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Sale
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208,587
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2.5483 GBP
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10 10/11p
ordinary
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Sale
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193,055
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2.5474 GBP
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10 10/11p
ordinary
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Sale
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132,303
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2.5469 GBP
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10 10/11p
ordinary
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Sale
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100,962
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2.5504 GBP
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10 10/11p
ordinary
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Sale
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94,416
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2.5494 GBP
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10 10/11p
ordinary
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Sale
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66,683
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2.5471 GBP
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10 10/11p
ordinary
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Sale
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60,718
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2.5490 GBP
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10 10/11p
ordinary
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Sale
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50,100
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2.5502 GBP
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10 10/11p
ordinary
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Sale
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48,061
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2.5488 GBP
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10 10/11p
ordinary
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Sale
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44,256
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2.5472 GBP
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10 10/11p
ordinary
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Sale
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42,070
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2.5487 GBP
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10 10/11p
ordinary
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Sale
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23,683
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2.5503 GBP
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10 10/11p
ordinary
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Sale
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19,083
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2.5493 GBP
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10 10/11p
ordinary
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Sale
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10,960
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2.5500 GBP
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10 10/11p
ordinary
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Sale
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8,588
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2.5465 GBP
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10 10/11p
ordinary
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Sale
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4,920
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2.5420 GBP
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10 10/11p
ordinary
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Sale
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4,775
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2.5438 GBP
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10 10/11p
ordinary
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Sale
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3,921
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2.5481 GBP
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|
10 10/11p
ordinary
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Sale
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3,571
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2.5501 GBP
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|
10 10/11p
ordinary
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Sale
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2,605
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2.5450 GBP
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|
10 10/11p
ordinary
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Sale
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2,514
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2.5520 GBP
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|
10 10/11p
ordinary
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Sale
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975
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2.5499 GBP
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|
10 10/11p
ordinary
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Sale
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806
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2.5507 GBP
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|
10 10/11p
ordinary
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Sale
|
415
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2.5440 GBP
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|
10 10/11p
ordinary
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Sale
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214
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2.5448 GBP
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(b)
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Cash-settled derivative transactions
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Class of
relevant
security
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Product
description
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Nature of
dealing
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Number of
reference
securities
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Price per
unit
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10 10/11p
ordinary
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SWAP
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Increasing Long
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302,824
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2.5419 GBP
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10 10/11p
ordinary
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SWAP
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Increasing Long
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107,573
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2.5420 GBP
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|
10 10/11p
ordinary
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SWAP
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Increasing Long
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4,775
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2.5438 GBP
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10 10/11p
ordinary
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SWAP
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Increasing Long
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65,837
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2.5442 GBP
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|
10 10/11p
ordinary
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SWAP
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Increasing Long
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214
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2.5447 GBP
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|
10 10/11p
ordinary
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SWAP
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Increasing Long
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220,998
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2.5459 GBP
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10 10/11p
ordinary
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SWAP
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Increasing Long
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35,503
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2.5466 GBP
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10 10/11p
ordinary
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SWAP
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Increasing Long
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180,982
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2.5471 GBP
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|
10 10/11p
ordinary
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SWAP
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Increasing Long
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48,811
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2.5472 GBP
|
|
10 10/11p
ordinary
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SWAP
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Increasing Long
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193,055
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2.5474 GBP
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10 10/11p
ordinary
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SWAP
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Increasing Long
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74,900
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2.5477 GBP
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10 10/11p
ordinary
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SWAP
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Increasing Long
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3,921
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2.5481 GBP
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|
10 10/11p
ordinary
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SWAP
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Increasing Long
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28,139
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2.5482 GBP
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|
10 10/11p
ordinary
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SWAP
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Increasing Long
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11,801
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2.5491 GBP
|
|
10 10/11p
ordinary
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SWAP
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Increasing Long
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16,221
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2.5499 GBP
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|
10 10/11p
ordinary
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SWAP
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Increasing Long
|
806
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2.5507 GBP
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10 10/11p
ordinary
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SWAP
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Decreasing Long
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8,654
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2.5420 GBP
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|
10 10/11p
ordinary
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SWAP
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Decreasing Long
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69,767
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2.5421 GBP
|
|
10 10/11p
ordinary
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SWAP
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Decreasing Long
|
490
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2.5440 GBP
|
|
10 10/11p
ordinary
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SWAP
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Decreasing Long
|
839
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2.5451 GBP
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|
10 10/11p
ordinary
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SWAP
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Decreasing Long
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20,083
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2.5458 GBP
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|
10 10/11p
ordinary
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SWAP
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Decreasing Long
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53,681
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2.5464 GBP
|
|
10 10/11p
ordinary
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SWAP
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Decreasing Long
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3,929
|
2.5471 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
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44,030
|
2.5478 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
2,381
|
2.5479 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
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1,689
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2.5500 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
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7,490
|
2.5502 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
4,661
|
2.5510 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
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1,258
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2.5540 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Decreasing Short
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18,316
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2.5469 GBP
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|
10 10/11p
ordinary
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CFD
|
Increasing Short
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15,776
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2.5498 GBP
|
|
|
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(c)
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Stock-settled derivative transactions
(including options)
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(i)
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Writing, selling, purchasing or varying
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|
Class
of
relevant
security
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Product
description
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Writing,
purchasing,
selling,
varying etc
|
Number
of
securities
to which
option
relates
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Exercise
price
per unit
|
Type
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Expiry
date
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Option
money
paid/
received
per unit
|
|
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|
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|
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(ii)
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Exercising
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Class of relevant
security
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Product
description
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Exercising/ exercised
against
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Number of
securities
|
Exercise price per
unit
|
|
|
|
|
|
|
|
|
|
|
|
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(d)
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Other dealings (including subscribing for
new securities)
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Class of relevant
security
|
Nature of
Dealings
|
Details
|
Price per unit (if
applicable)
|
|
|
|
|
|
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4.
|
OTHER INFORMATION
|
|
(a)
|
Indemnity and other dealings 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:
|
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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:
|
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NONE
|
|
(c)
|
Attachments
|
|
|
|
|
|
|
|
Is
a Supplemental Form 8 (Open Positions) attached?
|
NO
|
|
Date of disclosure:
|
14 Jan 2025
|
|
Contact name:
|
Large Holdings Regulatory
Operations
|
|
Telephone number:
|
020 3134
7213
|
