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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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07
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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7,469,921
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0.57%
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11,882,377
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0.91%
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|
(2)
Cash-settled derivatives:
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12,619,526
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0.96%
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7,309,837
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0.56%
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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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20,089,447
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1.53%
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19,192,214
|
1.46%
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|
|
|
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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%
|
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
|
Price per
unit
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|
10 10/11p
ordinary
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Purchase
|
405,977
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2.5899 GBP
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|
10 10/11p
ordinary
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Purchase
|
238,227
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2.5888 GBP
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|
10 10/11p
ordinary
|
Purchase
|
172,809
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2.5936 GBP
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|
10 10/11p
ordinary
|
Purchase
|
76,805
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2.5946 GBP
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|
10 10/11p
ordinary
|
Purchase
|
66,136
|
2.5915 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
63,245
|
2.5921 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
45,695
|
2.5958 GBP
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|
10 10/11p
ordinary
|
Purchase
|
41,404
|
2.5930 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
37,522
|
2.5944 GBP
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|
10 10/11p
ordinary
|
Purchase
|
34,344
|
2.5937 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
32,357
|
2.5939 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
22,567
|
2.5861 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
21,310
|
2.5952 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
18,771
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2.5886 GBP
|
|
10 10/11p
ordinary
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Purchase
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18,753
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2.5927 GBP
|
|
10 10/11p
ordinary
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Purchase
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15,853
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2.5945 GBP
|
|
10 10/11p
ordinary
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Purchase
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14,702
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2.5928 GBP
|
|
10 10/11p
ordinary
|
Purchase
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10,161
|
2.5920 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
9,863
|
2.5918 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
8,756
|
2.5860 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
8,069
|
2.5943 GBP
|
|
10 10/11p
ordinary
|
Purchase
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7,453
|
2.5951 GBP
|
|
10 10/11p
ordinary
|
Purchase
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6,861
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2.5900 GBP
|
|
10 10/11p
ordinary
|
Purchase
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6,443
|
2.5940 GBP
|
|
10 10/11p
ordinary
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Purchase
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4,455
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2.5935 GBP
|
|
10 10/11p
ordinary
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Purchase
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3,619
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2.5960 GBP
|
|
10 10/11p
ordinary
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Purchase
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2,398
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2.5929 GBP
|
|
10 10/11p
ordinary
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Purchase
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2,198
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2.5919 GBP
|
|
10 10/11p
ordinary
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Purchase
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1,598
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2.5925 GBP
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|
10 10/11p
ordinary
|
Purchase
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1,312
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2.5878 GBP
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|
10 10/11p
ordinary
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Purchase
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439
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2.5912 GBP
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|
10 10/11p
ordinary
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Sale
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210,251
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2.5927 GBP
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|
10 10/11p
ordinary
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Sale
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76,805
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2.5950 GBP
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|
10 10/11p
ordinary
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Sale
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72,059
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2.5933 GBP
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|
10 10/11p
ordinary
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Sale
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67,141
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2.5860 GBP
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|
10 10/11p
ordinary
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Sale
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62,207
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2.5917 GBP
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|
10 10/11p
ordinary
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Sale
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51,775
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2.5930 GBP
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|
10 10/11p
ordinary
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Sale
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41,800
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2.5902 GBP
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|
10 10/11p
ordinary
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Sale
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37,996
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2.5926 GBP
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|
10 10/11p
ordinary
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Sale
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25,914
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2.5934 GBP
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|
10 10/11p
ordinary
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Sale
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22,512
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2.5940 GBP
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|
10 10/11p
ordinary
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Sale
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19,398
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2.5928 GBP
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|
10 10/11p
ordinary
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Sale
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15,800
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2.5901 GBP
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|
10 10/11p
ordinary
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Sale
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11,040
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2.5919 GBP
|
|
10 10/11p
ordinary
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Sale
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8,423
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2.5859 GBP
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|
10 10/11p
ordinary
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Sale
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7,122
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2.5920 GBP
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|
10 10/11p
ordinary
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Sale
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3,619
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2.5960 GBP
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|
10 10/11p
ordinary
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Sale
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2,808
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2.5970 GBP
|
|
10 10/11p
ordinary
|
Sale
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1,535
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2.5909 GBP
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|
10 10/11p
ordinary
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Sale
|
790
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2.5900 GBP
|
|
10 10/11p
ordinary
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Sale
|
660
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2.5937 GBP
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|
10 10/11p
ordinary
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Sale
|
485
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2.5980 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 Short
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33,013
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2.5905 GBP
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|
10 10/11p
ordinary
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SWAP
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Increasing Long
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8,423
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2.5859 GBP
|
|
10 10/11p
ordinary
|
SWAP
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Increasing Long
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26
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2.5860 GBP
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|
10 10/11p
ordinary
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SWAP
|
Increasing Long
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4,337
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2.5874 GBP
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|
10 10/11p
ordinary
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SWAP
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Increasing Long
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12,913
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2.5885 GBP
|
|
10 10/11p
ordinary
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SWAP
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Increasing Long
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14,800
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2.5890 GBP
|
|
10 10/11p
ordinary
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SWAP
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Increasing Long
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790
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2.5900 GBP
|
|
10 10/11p
ordinary
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SWAP
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Increasing Long
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27,000
|
2.5908 GBP
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|
10 10/11p
ordinary
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SWAP
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Increasing Long
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1,535
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2.5909 GBP
|
|
10 10/11p
ordinary
|
SWAP
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Increasing Long
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62,207
|
2.5917 GBP
|
|
10 10/11p
ordinary
|
SWAP
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Increasing Long
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14,808
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2.5922 GBP
|
|
10 10/11p
ordinary
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SWAP
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Increasing Long
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60,220
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2.5926 GBP
|
|
10 10/11p
ordinary
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SWAP
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Increasing Long
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160,000
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2.5927 GBP
|
|
10 10/11p
ordinary
|
SWAP
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Increasing Long
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51,775
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2.5930 GBP
|
|
10 10/11p
ordinary
|
SWAP
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Increasing Long
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35,924
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2.5932 GBP
|
|
10 10/11p
ordinary
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SWAP
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Increasing Long
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25,914
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2.5934 GBP
|
|
10 10/11p
ordinary
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SWAP
|
Increasing Long
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2,887
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2.5973 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
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57,872
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2.5860 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
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22,567
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2.5861 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
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14,576
|
2.5900 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
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28,891
|
2.5905 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
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185,894
|
2.5908 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
439
|
2.5912 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
66,136
|
2.5915 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
381,006
|
2.5916 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
125,055
|
2.5920 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
4,455
|
2.5935 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
112,267
|
2.5936 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
4,000
|
2.5940 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
13,878
|
2.5944 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
11,148
|
2.5946 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
21,310
|
2.5952 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
60,236
|
2.5958 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Decreasing Short
|
9,677
|
2.5929 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Increasing Short
|
20,102
|
2.5909 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
|
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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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(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:
|
08 Jan 2025
|
|
Contact name:
|
Large Holdings Regulatory
Operations
|
|
Telephone number:
|
020 3134
7213
|
