|
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:
|
11
Feb 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:
|
16,126,821
|
1.23%
|
14,177,752
|
1.08%
|
|
(2)
Cash-settled derivatives:
|
14,893,743
|
1.14%
|
15,998,362
|
1.22%
|
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
|
TOTAL:
|
31,020,564
|
2.37%
|
30,176,114
|
2.30%
|
|
|
|
|
|
|
|
|
|
|
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
|
433,012
|
2.6490 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
250,000
|
2.6497 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
165,929
|
2.6558 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
163,927
|
2.6519 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
74,606
|
2.6461 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
69,284
|
2.6545 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
58,253
|
2.6511 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
55,007
|
2.6460 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
40,000
|
2.6486 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
25,243
|
2.6528 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
21,269
|
2.6491 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
20,765
|
2.6510 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
17,918
|
2.6670 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
16,381
|
2.6560 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
14,555
|
2.6504 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
14,401
|
2.6480 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
14,318
|
2.6540 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
12,799
|
2.6640 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
12,748
|
2.6548 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
7,000
|
2.6546 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
6,886
|
2.6600 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
6,797
|
2.6580 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
5,500
|
2.6610 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
5,206
|
2.6620 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
4,943
|
2.6500 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
4,774
|
2.6472 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
4,727
|
2.6555 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
3,819
|
2.6521 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
3,603
|
2.6440 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
3,314
|
2.6420 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
3,073
|
2.6502 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
2,464
|
2.6680 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
2,450
|
2.6601 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
1,187
|
2.6660 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
1,160
|
2.6679 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
1,122
|
2.6520 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
1,029
|
2.6570 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
912
|
2.6650 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
415
|
2.6462 GBP
|
|
10 10/11p
ordinary
|
Sale
|
139,411
|
2.6472 GBP
|
|
10 10/11p
ordinary
|
Sale
|
137,661
|
2.6477 GBP
|
|
10 10/11p
ordinary
|
Sale
|
122,664
|
2.6532 GBP
|
|
10 10/11p
ordinary
|
Sale
|
75,444
|
2.6533 GBP
|
|
10 10/11p
ordinary
|
Sale
|
75,370
|
2.6489 GBP
|
|
10 10/11p
ordinary
|
Sale
|
37,183
|
2.6460 GBP
|
|
10 10/11p
ordinary
|
Sale
|
27,010
|
2.6459 GBP
|
|
10 10/11p
ordinary
|
Sale
|
21,294
|
2.6674 GBP
|
|
10 10/11p
ordinary
|
Sale
|
17,088
|
2.6481 GBP
|
|
10 10/11p
ordinary
|
Sale
|
15,820
|
2.6560 GBP
|
|
10 10/11p
ordinary
|
Sale
|
15,480
|
2.6493 GBP
|
|
10 10/11p
ordinary
|
Sale
|
14,401
|
2.6480 GBP
|
|
10 10/11p
ordinary
|
Sale
|
14,318
|
2.6540 GBP
|
|
10 10/11p
ordinary
|
Sale
|
12,799
|
2.6640 GBP
|
|
10 10/11p
ordinary
|
Sale
|
11,104
|
2.6513 GBP
|
|
10 10/11p
ordinary
|
Sale
|
10,620
|
2.6572 GBP
|
|
10 10/11p
ordinary
|
Sale
|
6,853
|
2.6548 GBP
|
|
10 10/11p
ordinary
|
Sale
|
6,059
|
2.6580 GBP
|
|
10 10/11p
ordinary
|
Sale
|
5,100
|
2.6458 GBP
|
|
10 10/11p
ordinary
|
Sale
|
4,943
|
2.6500 GBP
|
|
10 10/11p
ordinary
|
Sale
|
4,184
|
2.6597 GBP
|
|
10 10/11p
ordinary
|
Sale
|
4,120
|
2.6563 GBP
|
|
10 10/11p
ordinary
|
Sale
|
3,799
|
2.6592 GBP
|
|
10 10/11p
ordinary
|
Sale
|
3,603
|
2.6440 GBP
|
|
10 10/11p
ordinary
|
Sale
|
3,314
|
2.6420 GBP
|
|
10 10/11p
ordinary
|
Sale
|
2,801
|
2.6544 GBP
|
|
10 10/11p
ordinary
|
Sale
|
2,667
|
2.6620 GBP
|
|
10 10/11p
ordinary
|
Sale
|
2,559
|
2.6598 GBP
|
|
10 10/11p
ordinary
|
Sale
|
2,426
|
2.6600 GBP
|
|
10 10/11p
ordinary
|
Sale
|
2,005
|
2.6538 GBP
|
|
10 10/11p
ordinary
|
Sale
|
1,886
|
2.6520 GBP
|
|
10 10/11p
ordinary
|
Sale
|
1,187
|
2.6660 GBP
|
|
10 10/11p
ordinary
|
Sale
|
1,160
|
2.6680 GBP
|
|
10 10/11p
ordinary
|
Sale
|
1,029
|
2.6570 GBP
|
|
10 10/11p
ordinary
|
Sale
|
912
|
2.6650 GBP
|
|
10 10/11p
ordinary
|
Sale
|
798
|
2.6464 GBP
|
|
10 10/11p
ordinary
|
Sale
|
405
|
2.6499 GBP
|
|
10 10/11p
ordinary
|
Sale
|
190
|
2.6457 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
|
190
|
2.6457 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
5,100
|
2.6458 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
27,010
|
2.6459 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
54,721
|
2.6460 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
79,287
|
2.6475 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
405
|
2.6499 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
764
|
2.6520 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
1,263
|
2.6534 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
6,800
|
2.6537 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
6,853
|
2.6548 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
3,158
|
2.6558 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
7,725
|
2.6562 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
15,800
|
2.6569 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
10,620
|
2.6572 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
18,172
|
2.6460 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
70,210
|
2.6461 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
415
|
2.6462 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
4,774
|
2.6472 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
1,652
|
2.6487 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
631
|
2.6489 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
250,000
|
2.6497 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
9,202
|
2.6501 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
16,912
|
2.6502 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
10,917
|
2.6507 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
58,253
|
2.6511 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
193,043
|
2.6519 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
1
|
2.6540 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
10,418
|
2.6547 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
1,205
|
2.6558 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
716
|
2.6560 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
12,127
|
2.6614 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
2,100
|
2.6637 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
287,333
|
2.6669 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Decreasing Short
|
1,809
|
2.6578 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Increasing Short
|
2,954
|
2.6518 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Increasing Short
|
57,400
|
2.6541 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Increasing Short
|
151,185
|
2.6560 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Opening
Short
|
40,000
|
2.6487 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:
|
12 Feb 2025
|
|
Contact name:
|
Large Holdings Regulatory
Operations
|
|
Telephone number:
|
020 3134
7213
|
