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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:
|
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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|
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(e)
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Date position held/dealing undertaken:
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03
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:
|
10
10/11p ordinary
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|
|
Interests
|
Short
Positions
|
|
Number
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(%)
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Number
|
(%)
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|
(1)
Relevant securities owned and/or controlled:
|
7,173,761
|
0.55%
|
12,788,224
|
0.98%
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|
(2)
Cash-settled derivatives:
|
13,525,353
|
1.03%
|
7,014,792
|
0.53%
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|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
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0
|
0.00%
|
0
|
0.00%
|
|
TOTAL:
|
20,699,114
|
1.58%
|
19,803,016
|
1.51%
|
|
|
|
|
|
|
|
|
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Class of relevant security:
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Convertible Bond 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:
|
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
|
0.00%
|
0
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0.00%
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|
(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%
|
|
|
|
|
|
|
|
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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
|
|
10 10/11p
ordinary
|
Purchase
|
336,799
|
2.5630 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
226,308
|
2.5662 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
193,675
|
2.5707 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
130,330
|
2.5721 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
96,639
|
2.5731 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
91,790
|
2.5600 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
86,034
|
2.5716 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
53,893
|
2.5677 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
41,473
|
2.5717 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
31,843
|
2.5740 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
25,059
|
2.5714 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
18,391
|
2.5710 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
10,492
|
2.5724 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
8,161
|
2.5705 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
8,141
|
2.5700 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
7,143
|
2.5706 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
6,571
|
2.5780 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
5,328
|
2.5739 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
4,522
|
2.5760 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
3,976
|
2.5713 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
3,417
|
2.5751 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
1,714
|
2.5800 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
1,610
|
2.5726 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
1,334
|
2.5660 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
1,184
|
2.5720 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
1,115
|
2.5750 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
721
|
2.5777 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
154
|
2.5741 GBP
|
|
10 10/11p
ordinary
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Sale
|
1,000,000
|
2.5672 GBP
|
|
10 10/11p
ordinary
|
Sale
|
151,443
|
2.5723 GBP
|
|
10 10/11p
ordinary
|
Sale
|
123,659
|
2.5737 GBP
|
|
10 10/11p
ordinary
|
Sale
|
111,725
|
2.5599 GBP
|
|
10 10/11p
ordinary
|
Sale
|
86,130
|
2.5700 GBP
|
|
10 10/11p
ordinary
|
Sale
|
84,290
|
2.5636 GBP
|
|
10 10/11p
ordinary
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Sale
|
65,231
|
2.5600 GBP
|
|
10 10/11p
ordinary
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Sale
|
56,422
|
2.5702 GBP
|
|
10 10/11p
ordinary
|
Sale
|
46,848
|
2.5701 GBP
|
|
10 10/11p
ordinary
|
Sale
|
41,043
|
2.5708 GBP
|
|
10 10/11p
ordinary
|
Sale
|
36,757
|
2.5721 GBP
|
|
10 10/11p
ordinary
|
Sale
|
25,506
|
2.5687 GBP
|
|
10 10/11p
ordinary
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Sale
|
17,915
|
2.5711 GBP
|
|
10 10/11p
ordinary
|
Sale
|
14,776
|
2.5746 GBP
|
|
10 10/11p
ordinary
|
Sale
|
7,418
|
2.5719 GBP
|
|
10 10/11p
ordinary
|
Sale
|
6,365
|
2.5726 GBP
|
|
10 10/11p
ordinary
|
Sale
|
6,272
|
2.5712 GBP
|
|
10 10/11p
ordinary
|
Sale
|
5,742
|
2.5766 GBP
|
|
10 10/11p
ordinary
|
Sale
|
5,655
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2.5698 GBP
|
|
10 10/11p
ordinary
|
Sale
|
5,490
|
2.5740 GBP
|
|
10 10/11p
ordinary
|
Sale
|
3,098
|
2.5780 GBP
|
|
10 10/11p
ordinary
|
Sale
|
2,448
|
2.5667 GBP
|
|
10 10/11p
ordinary
|
Sale
|
1,821
|
2.5697 GBP
|
|
10 10/11p
ordinary
|
Sale
|
1,817
|
2.5725 GBP
|
|
10 10/11p
ordinary
|
Sale
|
1,714
|
2.5800 GBP
|
|
10 10/11p
ordinary
|
Sale
|
1,610
|
2.5729 GBP
|
|
10 10/11p
ordinary
|
Sale
|
1,579
|
2.5760 GBP
|
|
10 10/11p
ordinary
|
Sale
|
1,381
|
2.5676 GBP
|
|
10 10/11p
ordinary
|
Sale
|
1,184
|
2.5720 GBP
|
|
10 10/11p
ordinary
|
Sale
|
617
|
2.5710 GBP
|
|
10 10/11p
ordinary
|
Sale
|
490
|
2.5699 GBP
|
|
10 10/11p
ordinary
|
Sale
|
231
|
2.5660 GBP
|
|
10 10/11p
ordinary
|
Sale
|
224
|
2.5658 GBP
|
|
10 10/11p
ordinary
|
Sale
|
180
|
2.5656 GBP
|
|
10 10/11p
ordinary
|
Sale
|
111
|
2.5663 GBP
|
|
(b)
|
Cash-settled derivative transactions
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|
Class of
relevant
security
|
Product
description
|
Nature of
dealing
|
Number of
reference
securities
|
Price per
unit
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
111,725
|
2.5599 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
1,134
|
2.5600 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
6,373
|
2.5647 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
180
|
2.5656 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
224
|
2.5658 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
111
|
2.5663 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
2,448
|
2.5667 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
1,000,000
|
2.5672 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
18,200
|
2.5693 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
490
|
2.5699 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
2,347
|
2.5720 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
36,757
|
2.5721 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
36,286
|
2.5726 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
6,920
|
2.5733 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
116,739
|
2.5737 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
90,903
|
2.5599 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
100,329
|
2.5600 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
42,473
|
2.5659 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
53,893
|
2.5677 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
163,494
|
2.5679 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
89,355
|
2.5699 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
249,713
|
2.5705 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
15,004
|
2.5706 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
53,363
|
2.5707 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
31,809
|
2.5713 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
16,798
|
2.5715 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
41,473
|
2.5717 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
130,330
|
2.5721 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
7,244
|
2.5731 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
10,572
|
2.5735 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
28,012
|
2.5740 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
154
|
2.5741 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
1,103
|
2.5750 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
3,417
|
2.5751 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
2,943
|
2.5760 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Decreasing Short
|
8,448
|
2.5675 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Increasing Short
|
31,908
|
2.5690 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:
|
06 Jan 2025
|
|
Contact name:
|
Large Holdings Regulatory
Operations
|
|
Telephone number:
|
020 3134
7213
|
