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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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28
Feb 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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21,040,327
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1.60%
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10,242,847
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0.78%
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(2)
Cash-settled derivatives:
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10,035,146
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0.77%
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20,599,679
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1.57%
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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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31,075,473
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2.37%
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30,842,526
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2.35%
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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%
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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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(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
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Price per
unit
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10 10/11p
ordinary
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Purchase
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788,127
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2.7751 GBP
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10 10/11p
ordinary
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Purchase
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133,886
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2.7776 GBP
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10 10/11p
ordinary
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Purchase
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119,287
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2.7760 GBP
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10 10/11p
ordinary
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Purchase
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73,813
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2.7661 GBP
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|
10 10/11p
ordinary
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Purchase
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64,974
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2.7758 GBP
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|
10 10/11p
ordinary
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Purchase
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32,388
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2.7761 GBP
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|
10 10/11p
ordinary
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Purchase
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9,642
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2.7680 GBP
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|
10 10/11p
ordinary
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Purchase
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2,183
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2.7684 GBP
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|
10 10/11p
ordinary
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Purchase
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1,821
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2.7816 GBP
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|
10 10/11p
ordinary
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Purchase
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1,762
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2.7600 GBP
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|
10 10/11p
ordinary
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Purchase
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1,707
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2.7729 GBP
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|
10 10/11p
ordinary
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Purchase
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1,614
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2.7624 GBP
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|
10 10/11p
ordinary
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Purchase
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1,488
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2.7720 GBP
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|
10 10/11p
ordinary
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Purchase
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1,237
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2.7800 GBP
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|
10 10/11p
ordinary
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Purchase
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1,011
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2.7660 GBP
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10 10/11p
ordinary
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Purchase
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722
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2.7620 GBP
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|
10 10/11p
ordinary
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Purchase
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676
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2.7700 GBP
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10 10/11p
ordinary
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Purchase
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607
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2.7690 GBP
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10 10/11p
ordinary
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Purchase
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46
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2.7740 GBP
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10 10/11p
ordinary
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Sale
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618,377
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2.7759 GBP
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|
10 10/11p
ordinary
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Sale
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305,417
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2.7762 GBP
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10 10/11p
ordinary
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Sale
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193,108
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2.7712 GBP
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|
10 10/11p
ordinary
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Sale
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120,741
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2.7749 GBP
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10 10/11p
ordinary
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Sale
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115,661
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2.7746 GBP
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10 10/11p
ordinary
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Sale
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107,506
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2.7760 GBP
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10 10/11p
ordinary
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Sale
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78,400
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2.7727 GBP
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10 10/11p
ordinary
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Sale
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44,860
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2.7757 GBP
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|
10 10/11p
ordinary
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Sale
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32,504
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2.7767 GBP
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10 10/11p
ordinary
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Sale
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23,950
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2.7730 GBP
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10 10/11p
ordinary
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Sale
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9,194
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2.7780 GBP
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10 10/11p
ordinary
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Sale
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6,900
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2.7758 GBP
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10 10/11p
ordinary
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Sale
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5,796
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2.7671 GBP
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|
10 10/11p
ordinary
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Sale
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5,765
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2.7775 GBP
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10 10/11p
ordinary
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Sale
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5,682
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2.7680 GBP
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10 10/11p
ordinary
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Sale
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5,017
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2.7718 GBP
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|
10 10/11p
ordinary
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Sale
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4,981
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2.7672 GBP
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10 10/11p
ordinary
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Sale
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4,928
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2.7764 GBP
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10 10/11p
ordinary
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Sale
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3,999
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2.7722 GBP
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10 10/11p
ordinary
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Sale
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3,272
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2.7675 GBP
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10 10/11p
ordinary
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Sale
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2,611
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2.7705 GBP
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10 10/11p
ordinary
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Sale
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1,488
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2.7720 GBP
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10 10/11p
ordinary
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Sale
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1,397
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2.7600 GBP
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10 10/11p
ordinary
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Sale
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1,131
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2.7729 GBP
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10 10/11p
ordinary
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Sale
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1,070
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2.7840 GBP
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10 10/11p
ordinary
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Sale
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921
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2.7770 GBP
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10 10/11p
ordinary
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Sale
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722
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2.7620 GBP
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10 10/11p
ordinary
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Sale
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676
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2.7700 GBP
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|
10 10/11p
ordinary
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Sale
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556
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2.7790 GBP
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10 10/11p
ordinary
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Sale
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208
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2.7732 GBP
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10 10/11p
ordinary
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Sale
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178
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2.7699 GBP
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|
10 10/11p
ordinary
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Sale
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46
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2.7740 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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Decreasing Short
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2
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2.7560 GBP
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10 10/11p
ordinary
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SWAP
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Decreasing Short
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62,413
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2.7652 GBP
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10 10/11p
ordinary
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SWAP
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Decreasing Short
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52,700
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2.7691 GBP
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10 10/11p
ordinary
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SWAP
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Decreasing Short
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178
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2.7699 GBP
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|
10 10/11p
ordinary
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SWAP
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Decreasing Short
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3,999
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2.7722 GBP
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|
10 10/11p
ordinary
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SWAP
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Decreasing Short
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106,724
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2.7728 GBP
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|
10 10/11p
ordinary
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SWAP
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Decreasing Short
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208
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2.7732 GBP
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10 10/11p
ordinary
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SWAP
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Decreasing Short
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11,397
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2.7738 GBP
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10 10/11p
ordinary
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SWAP
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Decreasing Short
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120,741
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2.7749 GBP
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|
10 10/11p
ordinary
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SWAP
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Decreasing Short
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56,167
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2.7750 GBP
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|
10 10/11p
ordinary
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SWAP
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Decreasing Short
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57,921
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2.7753 GBP
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|
10 10/11p
ordinary
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SWAP
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Decreasing Short
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47,473
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2.7756 GBP
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10 10/11p
ordinary
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SWAP
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Decreasing Short
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6,900
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2.7758 GBP
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|
10 10/11p
ordinary
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SWAP
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Decreasing Short
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1,008
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2.7760 GBP
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10 10/11p
ordinary
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SWAP
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Decreasing Short
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297,245
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2.7762 GBP
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|
10 10/11p
ordinary
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SWAP
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Decreasing Short
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4,928
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2.7764 GBP
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|
10 10/11p
ordinary
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SWAP
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Decreasing Short
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32,504
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2.7767 GBP
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|
10 10/11p
ordinary
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SWAP
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Decreasing Short
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25,700
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2.7799 GBP
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|
10 10/11p
ordinary
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SWAP
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Increasing Short
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182
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2.7595 GBP
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|
10 10/11p
ordinary
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SWAP
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Increasing Short
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365
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2.7600 GBP
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|
10 10/11p
ordinary
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SWAP
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Increasing Short
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1,958
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2.7642 GBP
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|
10 10/11p
ordinary
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SWAP
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Increasing Short
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73,813
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2.7661 GBP
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|
10 10/11p
ordinary
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SWAP
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Increasing Short
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331,453
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2.7740 GBP
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|
10 10/11p
ordinary
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SWAP
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Increasing Short
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472,067
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2.7760 GBP
|
|
10 10/11p
ordinary
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SWAP
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Increasing Short
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54,606
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2.7761 GBP
|
|
10 10/11p
ordinary
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SWAP
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Increasing Short
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29,504
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2.7776 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Short
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83,853
|
2.7779 GBP
|
|
10 10/11p
ordinary
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SWAP
|
Increasing Short
|
200
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2.7800 GBP
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|
10 10/11p
ordinary
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CFD
|
Increasing Short
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9,591
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2.7740 GBP
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|
10 10/11p
ordinary
|
CFD
|
Increasing Short
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16,075
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2.7760 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
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Product
description
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Writing,
purchasing,
selling,
varying etc
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Number
of
securities
to which
option
relates
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Exercise
price
per unit
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Type
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Expiry
date
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Option
money
paid/
received
per unit
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(ii)
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Exercising
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Class of relevant
security
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Product
description
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Exercising/ exercised
against
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Number of
securities
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Exercise price per
unit
|
|
|
|
|
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|
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(d)
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Other dealings (including subscribing for
new securities)
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Class of relevant
security
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Nature of
Dealings
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Details
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Price per unit (if
applicable)
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|
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|
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4.
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OTHER INFORMATION
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(a)
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Indemnity and other dealings arrangements
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|
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:
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NONE
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|
(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:
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NONE
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|
(c)
|
Attachments
|
|
|
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|
|
|
Is
a Supplemental Form 8 (Open Positions) attached?
|
NO
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|
Date of disclosure:
|
03 Mar 2025
|
|
Contact name:
|
Large Holdings Regulatory
Operations
|
|
Telephone number:
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020 3134
7213
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