|
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:
|
27
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:
|
8,250,950
|
0.63%
|
13,827,331
|
1.05%
|
|
(2)
Cash-settled derivatives:
|
14,574,671
|
1.11%
|
7,569,802
|
0.58%
|
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
|
TOTAL:
|
22,825,621
|
1.74%
|
21,397,133
|
1.63%
|
|
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
|
278,433
|
2.5387 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
120,151
|
2.5318 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
119,429
|
2.5359 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
112,758
|
2.5326 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
88,991
|
2.5390 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
63,698
|
2.5334 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
48,308
|
2.5307 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
45,079
|
2.5420 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
43,183
|
2.5367 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
30,767
|
2.5323 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
29,095
|
2.5325 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
25,654
|
2.5349 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
23,938
|
2.5342 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
19,336
|
2.5339 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
16,004
|
2.5320 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
16,002
|
2.5316 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
14,700
|
2.5381 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
8,508
|
2.5384 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
7,488
|
2.5400 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
4,477
|
2.5333 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
4,224
|
2.5344 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
4,140
|
2.5357 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
4,085
|
2.5362 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
4,032
|
2.5366 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
4,024
|
2.5361 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
2,642
|
2.5340 GBP
|
|
ADR
|
Purchase
|
2,280
|
12.6664 USD
|
|
10 10/11p
ordinary
|
Purchase
|
1,384
|
2.5430 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
1,213
|
2.5393 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
1,200
|
2.5380 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
626
|
2.5360 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
624
|
2.5280 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
5
|
2.5412 GBP
|
|
10 10/11p
ordinary
|
Sale
|
941,628
|
2.5344 GBP
|
|
10 10/11p
ordinary
|
Sale
|
157,671
|
2.5318 GBP
|
|
10 10/11p
ordinary
|
Sale
|
138,167
|
2.5419 GBP
|
|
10 10/11p
ordinary
|
Sale
|
115,498
|
2.5326 GBP
|
|
10 10/11p
ordinary
|
Sale
|
110,711
|
2.5420 GBP
|
|
10 10/11p
ordinary
|
Sale
|
104,200
|
2.5337 GBP
|
|
10 10/11p
ordinary
|
Sale
|
99,492
|
2.5377 GBP
|
|
10 10/11p
ordinary
|
Sale
|
95,804
|
2.5323 GBP
|
|
10 10/11p
ordinary
|
Sale
|
88,571
|
2.5316 GBP
|
|
10 10/11p
ordinary
|
Sale
|
66,096
|
2.5343 GBP
|
|
10 10/11p
ordinary
|
Sale
|
65,804
|
2.5315 GBP
|
|
10 10/11p
ordinary
|
Sale
|
47,745
|
2.5299 GBP
|
|
10 10/11p
ordinary
|
Sale
|
44,423
|
2.5296 GBP
|
|
10 10/11p
ordinary
|
Sale
|
27,987
|
2.5352 GBP
|
|
10 10/11p
ordinary
|
Sale
|
13,382
|
2.5317 GBP
|
|
10 10/11p
ordinary
|
Sale
|
13,369
|
2.5325 GBP
|
|
10 10/11p
ordinary
|
Sale
|
10,398
|
2.5334 GBP
|
|
10 10/11p
ordinary
|
Sale
|
10,048
|
2.5332 GBP
|
|
10 10/11p
ordinary
|
Sale
|
8,325
|
2.5331 GBP
|
|
10 10/11p
ordinary
|
Sale
|
8,095
|
2.5353 GBP
|
|
10 10/11p
ordinary
|
Sale
|
5,215
|
2.5355 GBP
|
|
10 10/11p
ordinary
|
Sale
|
4,816
|
2.5340 GBP
|
|
10 10/11p
ordinary
|
Sale
|
4,766
|
2.5360 GBP
|
|
10 10/11p
ordinary
|
Sale
|
4,658
|
2.5280 GBP
|
|
10 10/11p
ordinary
|
Sale
|
3,893
|
2.5320 GBP
|
|
10 10/11p
ordinary
|
Sale
|
3,103
|
2.5302 GBP
|
|
ADR
|
Sale
|
2,280
|
12.6664 USD
|
|
10 10/11p
ordinary
|
Sale
|
2,125
|
2.5399 GBP
|
|
10 10/11p
ordinary
|
Sale
|
519
|
2.5240 GBP
|
|
10 10/11p
ordinary
|
Sale
|
401
|
2.5379 GBP
|
|
10 10/11p
ordinary
|
Sale
|
327
|
2.5357 GBP
|
|
10 10/11p
ordinary
|
Sale
|
162
|
2.5359 GBP
|
|
10 10/11p
ordinary
|
Sale
|
78
|
2.5220 GBP
|
|
10 10/11p
ordinary
|
Sale
|
7
|
2.5040 GBP
|
|
10 10/11p
ordinary
|
Sale
|
1
|
2.5380 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
|
4,306
|
2.5280 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
3,103
|
2.5302 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
46,403
|
2.5309 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
88,571
|
2.5316 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
74,017
|
2.5317 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
157,671
|
2.5318 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
64,247
|
2.5322 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
43,100
|
2.5335 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
61,100
|
2.5339 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
1,103
|
2.5340 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
21,787
|
2.5342 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
93,718
|
2.5356 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
327
|
2.5357 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
162
|
2.5359 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
47,295
|
2.5361 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
1,854
|
2.5379 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
2,125
|
2.5399 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
138,167
|
2.5419 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
64,005
|
2.5420 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
7
|
2.5040 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
2,086
|
2.5270 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
272
|
2.5280 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
8,442
|
2.5304 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
321
|
2.5305 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
48,308
|
2.5307 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
16,002
|
2.5316 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
108,144
|
2.5323 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
3,082
|
2.5325 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
10,025
|
2.5330 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
148,391
|
2.5331 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
53,960
|
2.5332 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
4,477
|
2.5333 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
63,377
|
2.5334 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
83,164
|
2.5354 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
119,429
|
2.5359 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
1,731
|
2.5361 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
14,700
|
2.5381 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
88,586
|
2.5390 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
7,488
|
2.5400 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
10,063
|
2.5406 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
1,098
|
2.5420 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Decreasing Short
|
38,229
|
2.5269 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Decreasing Short
|
84,117
|
2.5297 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Decreasing Short
|
16,625
|
2.5306 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Decreasing Short
|
798
|
2.5330 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Decreasing Short
|
1,482
|
2.5331 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Decreasing Short
|
785,888
|
2.5340 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Decreasing Short
|
13,524
|
2.5367 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Decreasing Short
|
40
|
2.5395 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Increasing Short
|
1,553
|
2.5162 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Increasing Short
|
792
|
2.5241 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Increasing Short
|
6,762
|
2.5367 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:
|
30 Dec 2024
|
|
Contact name:
|
Large Holdings Regulatory
Operations
|
|
Telephone number:
|
020 3134
7213
|
