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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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|
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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:
|
|
|
(e)
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Date position held/dealing undertaken:
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27
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:
|
10
10/11p ordinary
|
|
|
Interests
|
Short
Positions
|
|
Number
|
(%)
|
Number
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(%)
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|
(1)
Relevant securities owned and/or controlled:
|
20,998,408
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1.60%
|
9,730,857
|
0.74%
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|
(2)
Cash-settled derivatives:
|
10,254,507
|
0.78%
|
20,633,581
|
1.57%
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|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
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|
TOTAL:
|
31,252,915
|
2.38%
|
30,364,438
|
2.32%
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Class of relevant security:
|
Restricted Tier 1 Note XS1728036366
|
|
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Interests
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Short
Positions
|
|
Number
|
(%)
|
Number
|
(%)
|
|
(1)
Relevant securities owned and/or controlled:
|
200,000
|
0.06%
|
0
|
0.00%
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|
(2)
Cash-settled derivatives:
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0
|
0.00%
|
0
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0.00%
|
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
|
TOTAL:
|
200,000
|
0.06%
|
0
|
0.00%
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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
|
|
|
Details, including nature of the rights
concerned and relevant percentages:
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|
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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
|
250,000
|
2.7414 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
145,166
|
2.7589 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
112,172
|
2.7765 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
86,960
|
2.7691 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
45,332
|
2.7503 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
44,542
|
2.7594 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
40,886
|
2.7797 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
30,470
|
2.7500 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
29,794
|
2.7470 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
29,682
|
2.7900 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
22,573
|
2.7556 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
16,968
|
2.7640 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
11,830
|
2.7492 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
9,512
|
2.7877 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
6,256
|
2.7698 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
5,722
|
2.7641 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
4,748
|
2.7400 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
4,702
|
2.7478 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
4,227
|
2.7510 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
4,205
|
2.7836 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
3,396
|
2.7311 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
2,171
|
2.7735 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
1,962
|
2.7600 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
1,956
|
2.7674 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
1,925
|
2.7520 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
1,411
|
2.7416 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
1,167
|
2.7660 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
504
|
2.7375 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
463
|
2.7360 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
423
|
2.7540 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
265
|
2.7280 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
116
|
2.7531 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
52
|
2.7630 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
32
|
2.7620 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
18
|
2.7840 GBP
|
|
10 10/11p
ordinary
|
Sale
|
463,884
|
2.7684 GBP
|
|
10 10/11p
ordinary
|
Sale
|
336,447
|
2.7333 GBP
|
|
10 10/11p
ordinary
|
Sale
|
217,552
|
2.7220 GBP
|
|
10 10/11p
ordinary
|
Sale
|
172,386
|
2.7449 GBP
|
|
10 10/11p
ordinary
|
Sale
|
107,506
|
2.7900 GBP
|
|
10 10/11p
ordinary
|
Sale
|
103,585
|
2.7761 GBP
|
|
10 10/11p
ordinary
|
Sale
|
91,931
|
2.7490 GBP
|
|
10 10/11p
ordinary
|
Sale
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86,748
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2.7644 GBP
|
|
10 10/11p
ordinary
|
Sale
|
42,100
|
2.7495 GBP
|
|
10 10/11p
ordinary
|
Sale
|
20,354
|
2.7502 GBP
|
|
10 10/11p
ordinary
|
Sale
|
15,773
|
2.7579 GBP
|
|
10 10/11p
ordinary
|
Sale
|
14,324
|
2.7769 GBP
|
|
10 10/11p
ordinary
|
Sale
|
7,158
|
2.7583 GBP
|
|
10 10/11p
ordinary
|
Sale
|
6,966
|
2.7763 GBP
|
|
10 10/11p
ordinary
|
Sale
|
6,745
|
2.7500 GBP
|
|
10 10/11p
ordinary
|
Sale
|
6,732
|
2.7392 GBP
|
|
10 10/11p
ordinary
|
Sale
|
6,460
|
2.7711 GBP
|
|
10 10/11p
ordinary
|
Sale
|
4,694
|
2.7339 GBP
|
|
10 10/11p
ordinary
|
Sale
|
4,689
|
2.7320 GBP
|
|
10 10/11p
ordinary
|
Sale
|
3,604
|
2.7570 GBP
|
|
10 10/11p
ordinary
|
Sale
|
3,346
|
2.7658 GBP
|
|
10 10/11p
ordinary
|
Sale
|
2,622
|
2.7547 GBP
|
|
10 10/11p
ordinary
|
Sale
|
2,150
|
2.7820 GBP
|
|
10 10/11p
ordinary
|
Sale
|
1,598
|
2.7315 GBP
|
|
10 10/11p
ordinary
|
Sale
|
1,033
|
2.7540 GBP
|
|
10 10/11p
ordinary
|
Sale
|
996
|
2.7630 GBP
|
|
10 10/11p
ordinary
|
Sale
|
396
|
2.7794 GBP
|
|
10 10/11p
ordinary
|
Sale
|
55
|
2.7860 GBP
|
|
(b)
|
Cash-settled derivative transactions
|
|
Class of
relevant
security
|
Product
description
|
Nature of
dealing
|
Number of
reference
securities
|
Price per
unit
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Short
|
500,000
|
2.6386 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Short
|
217,552
|
2.7220 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Short
|
1,598
|
2.7315 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Short
|
4,689
|
2.7319 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Short
|
334,585
|
2.7332 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Short
|
4,694
|
2.7339 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Short
|
89,958
|
2.7403 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Short
|
24,400
|
2.7472 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Short
|
1,862
|
2.7479 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Short
|
78,657
|
2.7497 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Short
|
7,021
|
2.7520 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Short
|
17,700
|
2.7527 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Short
|
30,530
|
2.7605 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Short
|
10,942
|
2.7627 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Short
|
996
|
2.7630 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Short
|
3,346
|
2.7658 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Short
|
463,884
|
2.7684 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Short
|
103,585
|
2.7761 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Short
|
14,324
|
2.7769 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Short
|
396
|
2.7794 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Short
|
2,150
|
2.7820 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Short
|
107,506
|
2.7900 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Short
|
500,000
|
2.6380 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Short
|
1,253
|
2.7120 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Short
|
3,000
|
2.7392 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Short
|
2,013
|
2.7400 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Short
|
250,000
|
2.7414 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Short
|
22,970
|
2.7575 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Short
|
145,166
|
2.7589 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Short
|
1,962
|
2.7600 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Short
|
5,722
|
2.7641 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Short
|
24,460
|
2.7663 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Short
|
86,960
|
2.7691 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Short
|
25,516
|
2.7840 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Short
|
9,512
|
2.7877 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Short
|
50,944
|
2.7900 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Short
|
29,788
|
2.7901 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Increasing Short
|
37,845
|
2.7527 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Increasing Short
|
613
|
2.7653 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:
|
28 Feb 2025
|
|
Contact name:
|
Large Holdings Regulatory
Operations
|
|
Telephone number:
|
020 3134
7213
|
