|
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
relevant securities this form relates:
|
DIRECT LINE 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:
|
23
Dec 2024
|
|
(f)
|
In
addition to the company in 1(c) above, is the discloser making
disclosures in respect of any other party to the
offer?
|
YES:
AVIVA PLC
|
|
2.
|
POSITIONS OF THE PERSON MAKING THE
DISCLOSURE
|
|
(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:
|
10
10/11p ordinary
|
|
|
Interests
|
Short
Positions
|
|
Number
|
(%)
|
Number
|
(%)
|
|
(1)
Relevant securities owned and/or controlled:
|
9,097,900
|
0.69%
|
13,983,046
|
1.07%
|
|
(2)
Cash-settled derivatives:
|
14,734,334
|
1.12%
|
8,485,944
|
0.65%
|
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
|
TOTAL:
|
23,832,234
|
1.82%
|
22,468,990
|
1.71%
|
|
Class of relevant security:
|
Convertible Bond XS1728036366
|
|
|
Interests
|
Short
Positions
|
|
Number
|
(%)
|
Number
|
(%)
|
|
(1)
Relevant securities owned and/or controlled:
|
200,000
|
0.06%
|
0
|
0.00%
|
|
(2)
Cash-settled derivatives:
|
0
|
0.00%
|
0
|
0.00%
|
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
|
TOTAL:
|
200,000
|
0.06%
|
0
|
0.00%
|
|
(b)
|
Rights to subscribe for new securities (including directors
and
other executive 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
|
|
(a)
|
Purchase and sales
|
|
Class of relevant
security
|
Purchase/sale
|
Number of
securities
|
Price per
unit
|
|
10 10/11p
ordinary
|
Purchase
|
312,360
|
2.5078 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
302,483
|
2.5240 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
229,889
|
2.5214 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
208,674
|
2.5124 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
190,048
|
2.5127 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
184,308
|
2.5180 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
175,351
|
2.5252 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
104,703
|
2.5029 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
93,420
|
2.5184 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
60,500
|
2.5213 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
48,737
|
2.5171 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
47,691
|
2.5205 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
46,053
|
2.5101 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
40,253
|
2.5181 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
31,491
|
2.5100 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
28,349
|
2.5179 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
24,206
|
2.5260 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
23,388
|
2.5220 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
21,182
|
2.5129 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
20,624
|
2.5232 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
18,153
|
2.5200 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
16,154
|
2.5060 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
15,800
|
2.5062 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
15,019
|
2.5020 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
15,012
|
2.5065 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
14,273
|
2.5098 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
12,156
|
2.5031 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
11,916
|
2.5202 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
10,546
|
2.5044 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
10,200
|
2.5109 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
9,236
|
2.5140 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
7,254
|
2.5297 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
7,182
|
2.5080 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
5,861
|
2.5219 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
4,033
|
2.5077 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
3,815
|
2.5120 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
3,658
|
2.5210 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
2,677
|
2.5320 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
1,943
|
2.4967 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
1,788
|
2.5119 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
1,639
|
2.5050 GBP
|
|
ADR
|
Purchase
|
1,600
|
12.5300 USD
|
|
10 10/11p
ordinary
|
Purchase
|
1,105
|
2.5160 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
495
|
2.4980 GBP
|
|
10 10/11p
ordinary
|
Sale
|
294,885
|
2.5143 GBP
|
|
10 10/11p
ordinary
|
Sale
|
288,677
|
2.5171 GBP
|
|
10 10/11p
ordinary
|
Sale
|
167,058
|
2.5193 GBP
|
|
10 10/11p
ordinary
|
Sale
|
152,059
|
2.5169 GBP
|
|
10 10/11p
ordinary
|
Sale
|
80,762
|
2.5158 GBP
|
|
10 10/11p
ordinary
|
Sale
|
71,918
|
2.5195 GBP
|
|
10 10/11p
ordinary
|
Sale
|
48,265
|
2.5179 GBP
|
|
10 10/11p
ordinary
|
Sale
|
45,907
|
2.5240 GBP
|
|
10 10/11p
ordinary
|
Sale
|
40,489
|
2.5148 GBP
|
|
10 10/11p
ordinary
|
Sale
|
28,791
|
2.5100 GBP
|
|
10 10/11p
ordinary
|
Sale
|
23,119
|
2.5156 GBP
|
|
10 10/11p
ordinary
|
Sale
|
22,669
|
2.5220 GBP
|
|
10 10/11p
ordinary
|
Sale
|
16,944
|
2.5200 GBP
|
|
10 10/11p
ordinary
|
Sale
|
15,719
|
2.5060 GBP
|
|
10 10/11p
ordinary
|
Sale
|
15,478
|
2.5206 GBP
|
|
10 10/11p
ordinary
|
Sale
|
13,945
|
2.5020 GBP
|
|
10 10/11p
ordinary
|
Sale
|
12,224
|
2.5126 GBP
|
|
10 10/11p
ordinary
|
Sale
|
11,769
|
2.5123 GBP
|
|
10 10/11p
ordinary
|
Sale
|
9,000
|
2.5062 GBP
|
|
10 10/11p
ordinary
|
Sale
|
8,154
|
2.5256 GBP
|
|
10 10/11p
ordinary
|
Sale
|
8,073
|
2.5166 GBP
|
|
10 10/11p
ordinary
|
Sale
|
7,576
|
2.5180 GBP
|
|
10 10/11p
ordinary
|
Sale
|
7,182
|
2.5080 GBP
|
|
10 10/11p
ordinary
|
Sale
|
5,790
|
2.5194 GBP
|
|
10 10/11p
ordinary
|
Sale
|
5,617
|
2.5066 GBP
|
|
10 10/11p
ordinary
|
Sale
|
5,000
|
2.4789 GBP
|
|
10 10/11p
ordinary
|
Sale
|
4,312
|
2.5028 GBP
|
|
10 10/11p
ordinary
|
Sale
|
3,815
|
2.5120 GBP
|
|
10 10/11p
ordinary
|
Sale
|
3,658
|
2.5210 GBP
|
|
10 10/11p
ordinary
|
Sale
|
2,677
|
2.5320 GBP
|
|
10 10/11p
ordinary
|
Sale
|
2,401
|
2.5164 GBP
|
|
10 10/11p
ordinary
|
Sale
|
2,030
|
2.4981 GBP
|
|
ADR
|
Sale
|
1,600
|
12.5300 USD
|
|
10 10/11p
ordinary
|
Sale
|
1,477
|
2.5260 GBP
|
|
10 10/11p
ordinary
|
Sale
|
1,175
|
2.5160 GBP
|
|
10 10/11p
ordinary
|
Sale
|
692
|
2.5239 GBP
|
|
10 10/11p
ordinary
|
Sale
|
495
|
2.4980 GBP
|
|
10 10/11p
ordinary
|
Sale
|
241
|
2.5119 GBP
|
|
10 10/11p
ordinary
|
Sale
|
56
|
2.5300 GBP
|
|
10 10/11p
ordinary
|
Sale
|
43
|
2.5234 GBP
|
|
(b)
|
Cash-settled derivative transactions
|
|
Class of
relevant
security
|
Product
description
|
Nature of
dealing
|
Number of
reference
securities
|
Price per
unit
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
18,532
|
2.4070 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
2,030
|
2.4981 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
4,312
|
2.5028 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
15,568
|
2.5031 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
241
|
2.5119 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
152,059
|
2.5169 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
17,200
|
2.5170 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
288,677
|
2.5171 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
93,588
|
2.5191 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
137,476
|
2.5194 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
43
|
2.5234 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
131,900
|
2.5237 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
34,052
|
2.5238 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
674
|
2.5239 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
10,123
|
2.5240 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
5,899
|
2.5297 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
1,943
|
2.4967 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
108
|
2.4981 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
3
|
2.4982 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
40
|
2.5001 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
26
|
2.5015 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
515
|
2.5018 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
12
|
2.5022 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
172
|
2.5027 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
292
|
2.5032 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
145
|
2.5036 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
210
|
2.5037 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
1,895
|
2.5041 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
1,639
|
2.5050 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
39
|
2.5056 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
435
|
2.5060 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
473
|
2.5062 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
637
|
2.5067 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
276
|
2.5075 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
3,497
|
2.5079 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
1,648
|
2.5085 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
152
|
2.5086 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
12,132
|
2.5089 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
531
|
2.5095 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
999
|
2.5096 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
12,559
|
2.5099 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
3,206
|
2.5101 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
40,644
|
2.5102 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
208,674
|
2.5124 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
3,283
|
2.5154 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
5,486
|
2.5155 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
72,044
|
2.5156 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
5,443
|
2.5159 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
1,840
|
2.5160 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
1,310
|
2.5164 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
46,846
|
2.5171 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
3,490
|
2.5176 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
28,349
|
2.5179 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
12,298
|
2.5180 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
156,886
|
2.5182 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
6,385
|
2.5184 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
83,084
|
2.5185 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
3,342
|
2.5206 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
42,721
|
2.5207 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
95,208
|
2.5209 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
222,183
|
2.5215 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
20,624
|
2.5232 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
121,081
|
2.5240 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
140,827
|
2.5250 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
34,841
|
2.5261 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
44
|
2.5297 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
158
|
2.5302 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Decreasing Short
|
191,682
|
2.5020 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Decreasing Short
|
1,431
|
2.5238 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Increasing Short
|
191,682
|
2.5020 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Increasing Short
|
312,797
|
2.5021 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Increasing Short
|
26,494
|
2.5051 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Increasing Short
|
107,136
|
2.5240 GBP
|
|
|
|
|
|
|
|
|
|
|
(c)
|
Stock-settled derivative transactions
(including options)
|
|
(i)
|
Writing, selling, purchasing or varying
|
|
Class
of
relevant
security
|
Product
description
|
Writing,
purchasing,
selling,
varying etc
|
Number
of
securities
to which
option
relates
|
Exercise
price
per unit
|
Type
|
Expiry
date
|
Option
money
paid/
received
per unit
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(ii)
|
Exercising
|
|
|
|
|
|
|
|
Class of relevant
security
|
Product
description
|
Exercising/ exercised
against
|
Number of
securities
|
Exercise price per
unit
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(d)
|
Other dealings (including subscribing for
new securities)
|
|
Class of relevant
security
|
Nature of
Dealings
|
Details
|
Price per unit (if
applicable)
|
|
|
|
|
|
|
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:
|
|
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?
|
NO
|
|
Date of disclosure:
|
24 Dec 2024
|
|
Contact name:
|
Large Holdings Regulatory
Operations
|
|
Telephone number:
|
020 3134
7213
|
