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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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12
Feb 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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17,043,461
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1.30%
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13,812,688
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1.05%
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(2)
Cash-settled derivatives:
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14,550,770
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1.11%
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16,467,834
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1.26%
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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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31,594,231
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2.41%
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30,280,522
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2.31%
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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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|
|
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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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667,417
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2.6508 GBP
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10 10/11p
ordinary
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Purchase
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404,389
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2.6600 GBP
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10 10/11p
ordinary
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Purchase
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392,322
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2.6480 GBP
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|
10 10/11p
ordinary
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Purchase
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82,542
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2.6513 GBP
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|
10 10/11p
ordinary
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Purchase
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41,946
|
2.6560 GBP
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|
10 10/11p
ordinary
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Purchase
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25,337
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2.6525 GBP
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|
10 10/11p
ordinary
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Purchase
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14,712
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2.6500 GBP
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|
10 10/11p
ordinary
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Purchase
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9,516
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2.6492 GBP
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|
10 10/11p
ordinary
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Purchase
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9,486
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2.6526 GBP
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|
10 10/11p
ordinary
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Purchase
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8,244
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2.6524 GBP
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10 10/11p
ordinary
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Purchase
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7,531
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2.6488 GBP
|
|
10 10/11p
ordinary
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Purchase
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4,100
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2.6453 GBP
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|
10 10/11p
ordinary
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Purchase
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3,681
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2.6459 GBP
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|
10 10/11p
ordinary
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Purchase
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3,183
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2.6570 GBP
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|
10 10/11p
ordinary
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Purchase
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3,102
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2.6553 GBP
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|
10 10/11p
ordinary
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Purchase
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2,473
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2.6509 GBP
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|
10 10/11p
ordinary
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Purchase
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1,764
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2.6440 GBP
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|
10 10/11p
ordinary
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Purchase
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1,557
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2.6580 GBP
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|
10 10/11p
ordinary
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Purchase
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1,188
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2.6540 GBP
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ADR
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Purchase
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800
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13.1400 USD
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10 10/11p
ordinary
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Purchase
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752
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2.6460 GBP
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10 10/11p
ordinary
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Sale
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191,344
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2.6602 GBP
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|
10 10/11p
ordinary
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Sale
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80,070
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2.6530 GBP
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10 10/11p
ordinary
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Sale
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71,258
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2.6490 GBP
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|
10 10/11p
ordinary
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Sale
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70,753
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2.6506 GBP
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|
10 10/11p
ordinary
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Sale
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66,087
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2.6618 GBP
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|
10 10/11p
ordinary
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Sale
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52,424
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2.6494 GBP
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|
10 10/11p
ordinary
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Sale
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51,373
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2.6521 GBP
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|
10 10/11p
ordinary
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Sale
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37,627
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2.6459 GBP
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|
10 10/11p
ordinary
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Sale
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27,947
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2.6533 GBP
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|
10 10/11p
ordinary
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Sale
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19,818
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2.6480 GBP
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10 10/11p
ordinary
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Sale
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14,455
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2.6600 GBP
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|
10 10/11p
ordinary
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Sale
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13,414
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2.6601 GBP
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|
10 10/11p
ordinary
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Sale
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11,991
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2.6502 GBP
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|
10 10/11p
ordinary
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Sale
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10,382
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2.6519 GBP
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10 10/11p
ordinary
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Sale
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7,319
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2.6525 GBP
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|
10 10/11p
ordinary
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Sale
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5,235
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2.6540 GBP
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10 10/11p
ordinary
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Sale
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3,539
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2.6520 GBP
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10 10/11p
ordinary
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Sale
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3,203
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2.6590 GBP
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|
10 10/11p
ordinary
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Sale
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2,954
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2.6524 GBP
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|
10 10/11p
ordinary
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Sale
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2,539
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2.6496 GBP
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10 10/11p
ordinary
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Sale
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2,427
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2.6460 GBP
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10 10/11p
ordinary
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Sale
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1,757
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2.6580 GBP
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10 10/11p
ordinary
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Sale
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1,568
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2.6528 GBP
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|
10 10/11p
ordinary
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Sale
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1,554
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2.6500 GBP
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|
10 10/11p
ordinary
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Sale
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1,173
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2.6563 GBP
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ADR
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Sale
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800
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13.1400 USD
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10 10/11p
ordinary
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Sale
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730
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2.6440 GBP
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|
10 10/11p
ordinary
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Sale
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430
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2.6482 GBP
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|
10 10/11p
ordinary
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Sale
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167
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2.6560 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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71
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2.6200 GBP
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10 10/11p
ordinary
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SWAP
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Increasing Long
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37,627
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2.6459 GBP
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10 10/11p
ordinary
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SWAP
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Increasing Long
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15,162
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2.6478 GBP
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10 10/11p
ordinary
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SWAP
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Increasing Long
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31,563
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2.6486 GBP
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|
10 10/11p
ordinary
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SWAP
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Increasing Long
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15,965
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2.6488 GBP
|
|
10 10/11p
ordinary
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SWAP
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Increasing Long
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67
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2.6496 GBP
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|
10 10/11p
ordinary
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SWAP
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Increasing Long
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5,978
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2.6499 GBP
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10 10/11p
ordinary
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SWAP
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Increasing Long
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3,352
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2.6520 GBP
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10 10/11p
ordinary
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SWAP
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Increasing Long
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25,000
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2.6523 GBP
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10 10/11p
ordinary
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SWAP
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Increasing Long
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4,285
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2.6527 GBP
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10 10/11p
ordinary
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SWAP
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Increasing Long
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75,792
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2.6530 GBP
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|
10 10/11p
ordinary
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SWAP
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Increasing Long
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32,344
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2.6544 GBP
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|
10 10/11p
ordinary
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SWAP
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Increasing Long
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4,800
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2.6558 GBP
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10 10/11p
ordinary
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SWAP
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Increasing Long
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1,173
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2.6563 GBP
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10 10/11p
ordinary
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SWAP
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Increasing Long
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2,411
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2.6580 GBP
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10 10/11p
ordinary
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SWAP
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Decreasing Long
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203
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2.6460 GBP
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|
10 10/11p
ordinary
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SWAP
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Decreasing Long
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469,016
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2.6480 GBP
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|
10 10/11p
ordinary
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SWAP
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Decreasing Long
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27,766
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2.6484 GBP
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|
10 10/11p
ordinary
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SWAP
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Decreasing Long
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14,712
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2.6500 GBP
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|
10 10/11p
ordinary
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SWAP
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Decreasing Long
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4,883
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2.6508 GBP
|
|
10 10/11p
ordinary
|
SWAP
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Decreasing Long
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2,473
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2.6509 GBP
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|
10 10/11p
ordinary
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SWAP
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Decreasing Long
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6,841
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2.6510 GBP
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|
10 10/11p
ordinary
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SWAP
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Decreasing Long
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7,760
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2.6513 GBP
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|
10 10/11p
ordinary
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SWAP
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Decreasing Long
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23,142
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2.6517 GBP
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|
10 10/11p
ordinary
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SWAP
|
Decreasing Long
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27,285
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2.6518 GBP
|
|
10 10/11p
ordinary
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SWAP
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Decreasing Long
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8,244
|
2.6524 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
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122,763
|
2.6529 GBP
|
|
10 10/11p
ordinary
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SWAP
|
Decreasing Long
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41,779
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2.6560 GBP
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|
10 10/11p
ordinary
|
CFD
|
Increasing Short
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13,203
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2.6489 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Increasing Short
|
198
|
2.6504 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Increasing Short
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65,194
|
2.6515 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Increasing Short
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231,773
|
2.6535 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Increasing Short
|
800
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2.6541 GBP
|
|
|
|
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|
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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
|
Writing,
purchasing,
selling,
varying etc
|
Number
of
securities
to which
option
relates
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Exercise
price
per unit
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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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|
|
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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)
|
|
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:
|
13 Feb 2025
|
|
Contact name:
|
Large Holdings Regulatory
Operations
|
|
Telephone number:
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020 3134
7213
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