|
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:
|
08
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:
|
9,432,856
|
0.72%
|
11,824,374
|
0.90%
|
|
|
(2)
Cash-settled derivatives:
|
12,558,938
|
0.96%
|
9,268,134
|
0.71%
|
|
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
|
|
TOTAL:
|
21,991,794
|
1.68%
|
21,092,508
|
1.61%
|
|
|
|
|
|
|
|
|
|
|
|
Class of relevant security:
|
Restricted Tier 1 Note 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
|
1,500,000
|
2.5956 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
260,484
|
2.5679 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
228,492
|
2.5640 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
214,298
|
2.5694 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
154,732
|
2.5644 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
98,758
|
2.5670 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
90,227
|
2.5971 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
85,722
|
2.5753 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
81,231
|
2.5850 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
69,694
|
2.5975 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
57,711
|
2.5650 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
57,103
|
2.6000 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
53,224
|
2.5707 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
46,415
|
2.5598 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
42,590
|
2.5573 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
38,147
|
2.5744 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
33,047
|
2.5653 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
31,535
|
2.5654 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
27,382
|
2.5809 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
25,949
|
2.5831 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
21,225
|
2.5615 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
20,001
|
2.5691 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
16,906
|
2.5774 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
16,410
|
2.5804 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
13,296
|
2.5665 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
13,025
|
2.5549 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
12,553
|
2.5937 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
10,121
|
2.5596 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
8,865
|
2.5718 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
7,770
|
2.5802 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
7,747
|
2.5931 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
6,038
|
2.5929 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
5,165
|
2.5660 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
3,250
|
2.5777 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
2,956
|
2.5700 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
2,884
|
2.5980 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
2,414
|
2.5964 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
2,323
|
2.5900 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
2,008
|
2.5960 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
1,994
|
2.5798 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
1,657
|
2.5930 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
1,450
|
2.5923 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
1,215
|
2.5920 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
1,206
|
2.5990 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
292
|
2.5580 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
224
|
2.5480 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
199
|
2.5560 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
150
|
2.5520 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
94
|
2.5817 GBP
|
|
10 10/11p
ordinary
|
Sale
|
287,400
|
2.5651 GBP
|
|
10 10/11p
ordinary
|
Sale
|
203,600
|
2.5977 GBP
|
|
10 10/11p
ordinary
|
Sale
|
191,380
|
2.5708 GBP
|
|
10 10/11p
ordinary
|
Sale
|
147,043
|
2.5617 GBP
|
|
10 10/11p
ordinary
|
Sale
|
112,555
|
2.5560 GBP
|
|
10 10/11p
ordinary
|
Sale
|
82,926
|
2.5695 GBP
|
|
10 10/11p
ordinary
|
Sale
|
81,357
|
2.5639 GBP
|
|
10 10/11p
ordinary
|
Sale
|
57,103
|
2.6000 GBP
|
|
10 10/11p
ordinary
|
Sale
|
56,046
|
2.5584 GBP
|
|
10 10/11p
ordinary
|
Sale
|
52,119
|
2.5600 GBP
|
|
10 10/11p
ordinary
|
Sale
|
35,262
|
2.5930 GBP
|
|
10 10/11p
ordinary
|
Sale
|
13,600
|
2.5907 GBP
|
|
10 10/11p
ordinary
|
Sale
|
10,121
|
2.5596 GBP
|
|
10 10/11p
ordinary
|
Sale
|
5,165
|
2.5660 GBP
|
|
10 10/11p
ordinary
|
Sale
|
4,846
|
2.5903 GBP
|
|
10 10/11p
ordinary
|
Sale
|
4,735
|
2.5761 GBP
|
|
10 10/11p
ordinary
|
Sale
|
2,744
|
2.5506 GBP
|
|
10 10/11p
ordinary
|
Sale
|
2,449
|
2.5851 GBP
|
|
10 10/11p
ordinary
|
Sale
|
2,387
|
2.5640 GBP
|
|
10 10/11p
ordinary
|
Sale
|
1,815
|
2.5980 GBP
|
|
10 10/11p
ordinary
|
Sale
|
1,240
|
2.5940 GBP
|
|
10 10/11p
ordinary
|
Sale
|
816
|
2.5540 GBP
|
|
10 10/11p
ordinary
|
Sale
|
688
|
2.5960 GBP
|
|
10 10/11p
ordinary
|
Sale
|
619
|
2.5642 GBP
|
|
10 10/11p
ordinary
|
Sale
|
358
|
2.5671 GBP
|
|
10 10/11p
ordinary
|
Sale
|
292
|
2.5580 GBP
|
|
10 10/11p
ordinary
|
Sale
|
224
|
2.5480 GBP
|
|
10 10/11p
ordinary
|
Sale
|
186
|
2.5630 GBP
|
|
10 10/11p
ordinary
|
Sale
|
150
|
2.5520 GBP
|
|
10 10/11p
ordinary
|
Sale
|
15
|
2.5593 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
|
2,744
|
2.5506 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
816
|
2.5540 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
112,356
|
2.5560 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
112,720
|
2.5561 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
56,046
|
2.5584 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
52,119
|
2.5600 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
18,764
|
2.5613 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
61,536
|
2.5619 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
3,045
|
2.5638 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
81,357
|
2.5639 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
21,038
|
2.5640 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
358
|
2.5670 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
73,436
|
2.5676 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
191,380
|
2.5708 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
14,604
|
2.5768 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
21,176
|
2.5799 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
17,341
|
2.5896 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
3,400
|
2.5903 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
13,600
|
2.5907 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
12,254
|
2.5571 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
44,496
|
2.5573 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
9,555
|
2.5574 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
34,783
|
2.5575 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
43,847
|
2.5589 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
606
|
2.5617 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
23,977
|
2.5624 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
21,768
|
2.5625 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
17
|
2.5629 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
19,542
|
2.5633 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
19,960
|
2.5638 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
1,737
|
2.5639 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
126,198
|
2.5640 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
966
|
2.5642 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
30,718
|
2.5648 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
406
|
2.5649 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
76,109
|
2.5650 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
2,607
|
2.5652 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
28,444
|
2.5654 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
3,091
|
2.5656 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
12,732
|
2.5666 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
58,371
|
2.5670 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
40,026
|
2.5671 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
6,481
|
2.5675 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
49,217
|
2.5683 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
1,045
|
2.5691 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
5,373
|
2.5693 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
214,298
|
2.5694 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
2,956
|
2.5700 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
53,224
|
2.5707 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
266,797
|
2.5710 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
89,550
|
2.5714 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
3,389
|
2.5732 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
561
|
2.5745 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
2,913
|
2.5749 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
1,058
|
2.5770 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
4,609
|
2.5771 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
5,892
|
2.5814 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
94
|
2.5816 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
25,463
|
2.5820 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
4,889
|
2.5823 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
880
|
2.5849 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
165
|
2.5854 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
824
|
2.5871 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
4,244
|
2.5890 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
6,088
|
2.5920 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
6,038
|
2.5929 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
1,657
|
2.5930 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
7,747
|
2.5931 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
1,500,000
|
2.5956 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Decreasing Short
|
941
|
2.5830 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:
|
09 Jan 2025
|
|
|
Contact name:
|
Large Holdings Regulatory
Operations
|
|
|
Telephone number:
|
020 3134
7213
|
|
