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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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20
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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18,077,073
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1.38%
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9,851,660
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0.75%
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|
(2)
Cash-settled derivatives:
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10,557,529
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0.81%
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17,762,655
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1.35%
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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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28,634,602
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2.18%
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27,614,315
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2.11%
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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:
|
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%
|
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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1,000,000
|
2.6467 GBP
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|
10 10/11p
ordinary
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Purchase
|
1,000,000
|
2.6374 GBP
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|
10 10/11p
ordinary
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Purchase
|
500,000
|
2.6385 GBP
|
|
10 10/11p
ordinary
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Purchase
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400,000
|
2.6344 GBP
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|
10 10/11p
ordinary
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Purchase
|
300,000
|
2.6383 GBP
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|
10 10/11p
ordinary
|
Purchase
|
180,500
|
2.6303 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
112,617
|
2.6316 GBP
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|
10 10/11p
ordinary
|
Purchase
|
63,603
|
2.6300 GBP
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|
10 10/11p
ordinary
|
Purchase
|
45,347
|
2.6329 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
30,874
|
2.6466 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
22,777
|
2.6460 GBP
|
|
10 10/11p
ordinary
|
Purchase
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16,363
|
2.6348 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
15,755
|
2.6462 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
6,964
|
2.6389 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
6,491
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2.6487 GBP
|
|
10 10/11p
ordinary
|
Purchase
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6,272
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2.6451 GBP
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|
10 10/11p
ordinary
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Purchase
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5,911
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2.6419 GBP
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|
10 10/11p
ordinary
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Purchase
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5,616
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2.6534 GBP
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|
10 10/11p
ordinary
|
Purchase
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5,264
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2.6420 GBP
|
|
10 10/11p
ordinary
|
Purchase
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4,324
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2.6384 GBP
|
|
10 10/11p
ordinary
|
Purchase
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3,399
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2.6479 GBP
|
|
10 10/11p
ordinary
|
Purchase
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3,095
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2.6362 GBP
|
|
10 10/11p
ordinary
|
Purchase
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1,802
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2.6406 GBP
|
|
10 10/11p
ordinary
|
Purchase
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1,070
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2.6546 GBP
|
|
10 10/11p
ordinary
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Purchase
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1,034
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2.6520 GBP
|
|
10 10/11p
ordinary
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Purchase
|
112
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2.6480 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
36
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2.6340 GBP
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|
10 10/11p
ordinary
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Purchase
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2
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2.6400 GBP
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|
10 10/11p
ordinary
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Sale
|
198,965
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2.6346 GBP
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|
10 10/11p
ordinary
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Sale
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142,209
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2.6341 GBP
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|
10 10/11p
ordinary
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Sale
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118,765
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2.6300 GBP
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|
10 10/11p
ordinary
|
Sale
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117,900
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2.6363 GBP
|
|
10 10/11p
ordinary
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Sale
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97,822
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2.6354 GBP
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|
10 10/11p
ordinary
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Sale
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71,826
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2.6344 GBP
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|
10 10/11p
ordinary
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Sale
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70,972
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2.6461 GBP
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|
10 10/11p
ordinary
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Sale
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46,417
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2.6335 GBP
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|
10 10/11p
ordinary
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Sale
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37,824
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2.6349 GBP
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|
10 10/11p
ordinary
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Sale
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32,073
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2.6299 GBP
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|
10 10/11p
ordinary
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Sale
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25,833
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2.6347 GBP
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|
10 10/11p
ordinary
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Sale
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25,733
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2.6345 GBP
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|
10 10/11p
ordinary
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Sale
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13,495
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2.6470 GBP
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|
10 10/11p
ordinary
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Sale
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4,882
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2.6396 GBP
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|
10 10/11p
ordinary
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Sale
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4,578
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2.6369 GBP
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|
10 10/11p
ordinary
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Sale
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3,271
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2.6380 GBP
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|
10 10/11p
ordinary
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Sale
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2,049
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2.6340 GBP
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|
10 10/11p
ordinary
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Sale
|
1,997
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2.6375 GBP
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|
10 10/11p
ordinary
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Sale
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1,372
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2.6440 GBP
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|
10 10/11p
ordinary
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Sale
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1,191
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2.6320 GBP
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|
10 10/11p
ordinary
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Sale
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1,034
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2.6522 GBP
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|
10 10/11p
ordinary
|
Sale
|
1,034
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2.6520 GBP
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|
10 10/11p
ordinary
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Sale
|
474
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2.6324 GBP
|
|
10 10/11p
ordinary
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Sale
|
439
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2.6359 GBP
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|
10 10/11p
ordinary
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Sale
|
112
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2.6480 GBP
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|
10 10/11p
ordinary
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Sale
|
83
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2.6482 GBP
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|
10 10/11p
ordinary
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Sale
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29
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2.6483 GBP
|
|
10 10/11p
ordinary
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Sale
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19
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2.6350 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 Long
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124,329
|
2.6300 GBP
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|
10 10/11p
ordinary
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SWAP
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Increasing Long
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107
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2.6339 GBP
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|
10 10/11p
ordinary
|
SWAP
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Increasing Long
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25
|
2.6340 GBP
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|
10 10/11p
ordinary
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SWAP
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Increasing Long
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197,451
|
2.6342 GBP
|
|
10 10/11p
ordinary
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SWAP
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Increasing Long
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17,301
|
2.6343 GBP
|
|
10 10/11p
ordinary
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SWAP
|
Increasing Long
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127,426
|
2.6344 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
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191,153
|
2.6346 GBP
|
|
10 10/11p
ordinary
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SWAP
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Increasing Long
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77,182
|
2.6349 GBP
|
|
10 10/11p
ordinary
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SWAP
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Increasing Long
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12,547
|
2.6350 GBP
|
|
10 10/11p
ordinary
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SWAP
|
Increasing Long
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62,300
|
2.6379 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
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3,271
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2.6380 GBP
|
|
10 10/11p
ordinary
|
SWAP
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Increasing Long
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16,655
|
2.6394 GBP
|
|
10 10/11p
ordinary
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SWAP
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Increasing Long
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6,187
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2.6421 GBP
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|
10 10/11p
ordinary
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SWAP
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Decreasing Long
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97,773
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2.6301 GBP
|
|
10 10/11p
ordinary
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SWAP
|
Decreasing Long
|
500
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2.6303 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
284
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2.6340 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
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32,977
|
2.6342 GBP
|
|
10 10/11p
ordinary
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SWAP
|
Decreasing Long
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400,000
|
2.6344 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
16,363
|
2.6348 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
15,319
|
2.6357 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
43
|
2.6360 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
3,095
|
2.6362 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
1,680,000
|
2.6370 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
2,185
|
2.6376 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
300,000
|
2.6383 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
822
|
2.6396 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
5,911
|
2.6419 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
5,264
|
2.6420 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
9,357
|
2.6438 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
1,000,000
|
2.6467 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
8,796
|
2.6478 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Decreasing Short
|
29,521
|
2.6370 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Increasing Short
|
35
|
2.6542 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
|
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)
|
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:
|
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NONE
|
|
(c)
|
Attachments
|
|
|
|
|
|
|
|
Is
a Supplemental Form 8 (Open Positions) attached?
|
NO
|
|
Date of disclosure:
|
21 Feb 2025
|
|
Contact name:
|
Large Holdings Regulatory
Operations
|
|
Telephone number:
|
020 3134
7213
|
