|
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:
|
02
Jan 2025
|
|
(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:
|
7,240,984
|
0.55%
|
12,555,795
|
0.96%
|
|
(2)
Cash-settled derivatives:
|
13,297,026
|
1.01%
|
6,970,557
|
0.53%
|
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
|
TOTAL:
|
20,538,010
|
1.57%
|
19,526,352
|
1.49%
|
|
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
|
519,946
|
2.5562 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
436,299
|
2.5568 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
287,826
|
2.5600 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
185,189
|
2.5581 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
173,372
|
2.5638 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
125,585
|
2.5608 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
90,493
|
2.5530 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
83,790
|
2.5577 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
79,397
|
2.5497 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
53,840
|
2.5485 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
34,054
|
2.5603 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
33,590
|
2.5663 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
28,670
|
2.5641 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
24,837
|
2.5557 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
24,487
|
2.5642 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
23,299
|
2.5593 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
22,212
|
2.5500 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
20,569
|
2.5602 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
17,759
|
2.5612 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
17,268
|
2.5591 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
14,706
|
2.5720 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
13,210
|
2.5580 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
9,688
|
2.5700 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
8,515
|
2.5626 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
5,595
|
2.5579 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
5,224
|
2.5520 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
4,863
|
2.5510 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
4,479
|
2.5446 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
3,910
|
2.5480 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
3,855
|
2.5460 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
3,059
|
2.5616 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
2,748
|
2.5462 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
2,663
|
2.5540 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
2,655
|
2.5660 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
1,974
|
2.5560 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
1,464
|
2.5740 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
1,277
|
2.5582 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
1,248
|
2.5493 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
1,096
|
2.5620 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
1,000
|
2.5590 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
997
|
2.5640 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
766
|
2.5670 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
617
|
2.5635 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
534
|
2.5695 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
414
|
2.5639 GBP
|
|
10 10/11p
ordinary
|
Sale
|
332,014
|
2.5588 GBP
|
|
10 10/11p
ordinary
|
Sale
|
304,733
|
2.5577 GBP
|
|
10 10/11p
ordinary
|
Sale
|
229,875
|
2.5545 GBP
|
|
10 10/11p
ordinary
|
Sale
|
140,435
|
2.5599 GBP
|
|
10 10/11p
ordinary
|
Sale
|
128,626
|
2.5642 GBP
|
|
10 10/11p
ordinary
|
Sale
|
104,211
|
2.5575 GBP
|
|
10 10/11p
ordinary
|
Sale
|
97,410
|
2.5669 GBP
|
|
10 10/11p
ordinary
|
Sale
|
92,477
|
2.5600 GBP
|
|
10 10/11p
ordinary
|
Sale
|
91,926
|
2.5500 GBP
|
|
10 10/11p
ordinary
|
Sale
|
81,067
|
2.5594 GBP
|
|
10 10/11p
ordinary
|
Sale
|
76,884
|
2.5502 GBP
|
|
10 10/11p
ordinary
|
Sale
|
57,637
|
2.5506 GBP
|
|
10 10/11p
ordinary
|
Sale
|
56,474
|
2.5554 GBP
|
|
10 10/11p
ordinary
|
Sale
|
43,003
|
2.5558 GBP
|
|
10 10/11p
ordinary
|
Sale
|
39,604
|
2.5647 GBP
|
|
10 10/11p
ordinary
|
Sale
|
34,453
|
2.5596 GBP
|
|
10 10/11p
ordinary
|
Sale
|
23,101
|
2.5643 GBP
|
|
10 10/11p
ordinary
|
Sale
|
22,912
|
2.5529 GBP
|
|
ADR
|
Sale
|
20,000
|
12.6700 USD
|
|
10 10/11p
ordinary
|
Sale
|
17,017
|
2.5566 GBP
|
|
10 10/11p
ordinary
|
Sale
|
16,900
|
2.5631 GBP
|
|
10 10/11p
ordinary
|
Sale
|
15,634
|
2.5640 GBP
|
|
10 10/11p
ordinary
|
Sale
|
14,706
|
2.5720 GBP
|
|
10 10/11p
ordinary
|
Sale
|
11,185
|
2.5563 GBP
|
|
10 10/11p
ordinary
|
Sale
|
10,410
|
2.5512 GBP
|
|
10 10/11p
ordinary
|
Sale
|
8,941
|
2.5580 GBP
|
|
10 10/11p
ordinary
|
Sale
|
7,175
|
2.5491 GBP
|
|
10 10/11p
ordinary
|
Sale
|
6,632
|
2.5700 GBP
|
|
10 10/11p
ordinary
|
Sale
|
6,234
|
2.5474 GBP
|
|
10 10/11p
ordinary
|
Sale
|
5,509
|
2.5509 GBP
|
|
10 10/11p
ordinary
|
Sale
|
3,855
|
2.5460 GBP
|
|
10 10/11p
ordinary
|
Sale
|
3,580
|
2.5493 GBP
|
|
10 10/11p
ordinary
|
Sale
|
2,663
|
2.5540 GBP
|
|
10 10/11p
ordinary
|
Sale
|
2,655
|
2.5660 GBP
|
|
10 10/11p
ordinary
|
Sale
|
2,395
|
2.5527 GBP
|
|
10 10/11p
ordinary
|
Sale
|
1,974
|
2.5560 GBP
|
|
10 10/11p
ordinary
|
Sale
|
1,868
|
2.5659 GBP
|
|
10 10/11p
ordinary
|
Sale
|
1,729
|
2.5520 GBP
|
|
10 10/11p
ordinary
|
Sale
|
1,464
|
2.5740 GBP
|
|
10 10/11p
ordinary
|
Sale
|
1,210
|
2.5481 GBP
|
|
10 10/11p
ordinary
|
Sale
|
1,096
|
2.5620 GBP
|
|
10 10/11p
ordinary
|
Sale
|
770
|
2.5480 GBP
|
|
10 10/11p
ordinary
|
Sale
|
173
|
2.5530 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
|
46,160
|
2.5485 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
61,157
|
2.5497 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
55
|
2.5499 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
562
|
2.5517 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
51,032
|
2.5543 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
173,007
|
2.5545 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
28,954
|
2.5563 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
104,211
|
2.5575 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
140,435
|
2.5599 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
21,131
|
2.5600 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
16,900
|
2.5631 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
5,858
|
2.5633 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
17,243
|
2.5646 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
1,868
|
2.5659 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
1,815
|
2.5445 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
2,332
|
2.5446 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
332
|
2.5447 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
2,748
|
2.5462 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
3,910
|
2.5480 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
21,619
|
2.5512 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
3,495
|
2.5520 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
32,223
|
2.5525 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
58,270
|
2.5533 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
7,980
|
2.5543 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
42,329
|
2.5556 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
2,220
|
2.5580 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
2,049
|
2.5581 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
1,277
|
2.5582 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
204,034
|
2.5594 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
89,812
|
2.5596 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
311,517
|
2.5597 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
40,312
|
2.5598 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
127,102
|
2.5600 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
46,264
|
2.5621 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
173,372
|
2.5638 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
997
|
2.5640 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
28,670
|
2.5641 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
534
|
2.5695 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Decreasing Short
|
3,667
|
2.5506 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Increasing Short
|
2,016
|
2.5293 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Increasing Short
|
17,456
|
2.5659 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Closing
Short
|
20,000
|
12.6700 USD
|
|
|
|
|
|
|
|
|
|
|
(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:
|
03 Jan 2025
|
|
Contact name:
|
Large Holdings Regulatory
Operations
|
|
Telephone number:
|
020 3134
7213
|
