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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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31
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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14,101,893
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1.08%
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14,157,281
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1.08%
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|
(2)
Cash-settled derivatives:
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14,949,789
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1.14%
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14,106,768
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1.08%
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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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29,051,682
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2.22%
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28,264,049
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2.16%
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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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|
|
|
|
|
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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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199,910
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2.6852 GBP
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10 10/11p
ordinary
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Purchase
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98,857
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2.6780 GBP
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|
10 10/11p
ordinary
|
Purchase
|
84,109
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2.6782 GBP
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|
10 10/11p
ordinary
|
Purchase
|
51,481
|
2.6795 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
27,273
|
2.6793 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
8,837
|
2.6838 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
8,707
|
2.6845 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
6,691
|
2.6851 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
4,677
|
2.6824 GBP
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|
10 10/11p
ordinary
|
Purchase
|
4,489
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2.6880 GBP
|
|
10 10/11p
ordinary
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Purchase
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4,389
|
2.6812 GBP
|
|
10 10/11p
ordinary
|
Purchase
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4,188
|
2.6813 GBP
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|
10 10/11p
ordinary
|
Purchase
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3,618
|
2.6823 GBP
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|
10 10/11p
ordinary
|
Purchase
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3,468
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2.6860 GBP
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|
10 10/11p
ordinary
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Purchase
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2,439
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2.6822 GBP
|
|
10 10/11p
ordinary
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Purchase
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1,859
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2.6863 GBP
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|
10 10/11p
ordinary
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Purchase
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1,565
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2.6817 GBP
|
|
10 10/11p
ordinary
|
Purchase
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1,404
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2.6840 GBP
|
|
10 10/11p
ordinary
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Purchase
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1,249
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2.6819 GBP
|
|
10 10/11p
ordinary
|
Purchase
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1,240
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2.6853 GBP
|
|
10 10/11p
ordinary
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Purchase
|
660
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2.6858 GBP
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|
10 10/11p
ordinary
|
Purchase
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370
|
2.6865 GBP
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|
10 10/11p
ordinary
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Purchase
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109
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2.6820 GBP
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|
10 10/11p
ordinary
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Sale
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330,594
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2.6780 GBP
|
|
10 10/11p
ordinary
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Sale
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169,857
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2.6793 GBP
|
|
10 10/11p
ordinary
|
Sale
|
112,515
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2.6839 GBP
|
|
10 10/11p
ordinary
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Sale
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84,878
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2.6836 GBP
|
|
10 10/11p
ordinary
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Sale
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45,620
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2.6779 GBP
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|
10 10/11p
ordinary
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Sale
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22,646
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2.6852 GBP
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|
10 10/11p
ordinary
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Sale
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19,266
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2.6820 GBP
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|
10 10/11p
ordinary
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Sale
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17,756
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2.6823 GBP
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|
10 10/11p
ordinary
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Sale
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17,603
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2.6863 GBP
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|
10 10/11p
ordinary
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Sale
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10,178
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2.6848 GBP
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|
10 10/11p
ordinary
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Sale
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7,074
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2.6818 GBP
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|
10 10/11p
ordinary
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Sale
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6,743
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2.6880 GBP
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|
10 10/11p
ordinary
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Sale
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3,249
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2.6850 GBP
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|
10 10/11p
ordinary
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Sale
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2,555
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2.6857 GBP
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|
10 10/11p
ordinary
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Sale
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1,784
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2.6860 GBP
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|
10 10/11p
ordinary
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Sale
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1,155
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2.6875 GBP
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|
10 10/11p
ordinary
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Sale
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635
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2.6766 GBP
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|
10 10/11p
ordinary
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Sale
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615
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2.6840 GBP
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|
10 10/11p
ordinary
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Sale
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386
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2.6831 GBP
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|
10 10/11p
ordinary
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Sale
|
276
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2.6799 GBP
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|
10 10/11p
ordinary
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Sale
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104
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2.6800 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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31,655
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2.6814 GBP
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|
10 10/11p
ordinary
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SWAP
|
Increasing Long
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114,199
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2.6778 GBP
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|
10 10/11p
ordinary
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SWAP
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Increasing Long
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45,620
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2.6779 GBP
|
|
10 10/11p
ordinary
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SWAP
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Increasing Long
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278,583
|
2.6780 GBP
|
|
10 10/11p
ordinary
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SWAP
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Increasing Long
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276
|
2.6799 GBP
|
|
10 10/11p
ordinary
|
SWAP
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Increasing Long
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81
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2.6819 GBP
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|
10 10/11p
ordinary
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SWAP
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Increasing Long
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19,207
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2.6820 GBP
|
|
10 10/11p
ordinary
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SWAP
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Increasing Long
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5,805
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2.6821 GBP
|
|
10 10/11p
ordinary
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SWAP
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Increasing Long
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386
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2.6831 GBP
|
|
10 10/11p
ordinary
|
SWAP
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Increasing Long
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9,926
|
2.6834 GBP
|
|
10 10/11p
ordinary
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SWAP
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Increasing Long
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84,878
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2.6836 GBP
|
|
10 10/11p
ordinary
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SWAP
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Increasing Long
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74,529
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2.6837 GBP
|
|
10 10/11p
ordinary
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SWAP
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Increasing Long
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206
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2.6840 GBP
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|
10 10/11p
ordinary
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SWAP
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Increasing Long
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31,418
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2.6844 GBP
|
|
10 10/11p
ordinary
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SWAP
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Increasing Long
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12,194
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2.6847 GBP
|
|
10 10/11p
ordinary
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SWAP
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Increasing Long
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10,178
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2.6848 GBP
|
|
10 10/11p
ordinary
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SWAP
|
Increasing Long
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5,358
|
2.6850 GBP
|
|
10 10/11p
ordinary
|
SWAP
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Increasing Long
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106
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2.6851 GBP
|
|
10 10/11p
ordinary
|
SWAP
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Increasing Long
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17,839
|
2.6852 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
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2,555
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2.6857 GBP
|
|
10 10/11p
ordinary
|
SWAP
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Increasing Long
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24,296
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2.6859 GBP
|
|
10 10/11p
ordinary
|
SWAP
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Increasing Long
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297
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2.6860 GBP
|
|
10 10/11p
ordinary
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SWAP
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Increasing Long
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12,525
|
2.6863 GBP
|
|
10 10/11p
ordinary
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SWAP
|
Increasing Long
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1,155
|
2.6875 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
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3,822
|
2.6882 GBP
|
|
10 10/11p
ordinary
|
SWAP
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Decreasing Long
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70,880
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2.6780 GBP
|
|
10 10/11p
ordinary
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SWAP
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Decreasing Long
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41,218
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2.6781 GBP
|
|
10 10/11p
ordinary
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SWAP
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Decreasing Long
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38,135
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2.6784 GBP
|
|
10 10/11p
ordinary
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SWAP
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Decreasing Long
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4,389
|
2.6812 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
1,565
|
2.6817 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
16,330
|
2.6826 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
10,569
|
2.6838 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
128,412
|
2.6844 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
2,109
|
2.6850 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
1,819
|
2.6860 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
71,498
|
2.6865 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
1,009
|
2.6880 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Increasing Short
|
2,746
|
2.6780 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Increasing Short
|
1,644
|
2.6811 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
|
|
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)
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Exercising
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|
|
|
|
|
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Class of relevant
security
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Product
description
|
Exercising/ exercised
against
|
Number of
securities
|
Exercise price per
unit
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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(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:
|
03 Feb 2025
|
|
Contact name:
|
Large Holdings Regulatory
Operations
|
|
Telephone number:
|
020 3134
7213
|
