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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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16
Dec 2024
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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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9,431,606
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0.72%
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13,102,783
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1.00%
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(2)
Cash-settled derivatives:
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13,869,099
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1.06%
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7,414,874
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0.57%
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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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23,300,705
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1.78%
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20,517,657
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1.56%
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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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146,371
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2.4473 GBP
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10 10/11p
ordinary
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Purchase
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99,572
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2.4477 GBP
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10 10/11p
ordinary
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Purchase
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87,887
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2.4460 GBP
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|
10 10/11p
ordinary
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Purchase
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62,531
|
2.4649 GBP
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|
10 10/11p
ordinary
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Purchase
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39,926
|
2.4643 GBP
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|
10 10/11p
ordinary
|
Purchase
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33,748
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2.4667 GBP
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|
10 10/11p
ordinary
|
Purchase
|
33,022
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2.4645 GBP
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|
10 10/11p
ordinary
|
Purchase
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32,915
|
2.4545 GBP
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|
10 10/11p
ordinary
|
Purchase
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19,926
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2.4680 GBP
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|
10 10/11p
ordinary
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Purchase
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19,129
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2.4677 GBP
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|
10 10/11p
ordinary
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Purchase
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13,689
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2.4628 GBP
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|
10 10/11p
ordinary
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Purchase
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6,288
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2.4656 GBP
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|
10 10/11p
ordinary
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Purchase
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4,432
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2.4650 GBP
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|
10 10/11p
ordinary
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Purchase
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3,562
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2.4662 GBP
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|
10 10/11p
ordinary
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Purchase
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3,100
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2.4693 GBP
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|
10 10/11p
ordinary
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Purchase
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2,992
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2.4623 GBP
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|
10 10/11p
ordinary
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Purchase
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2,692
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2.4640 GBP
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|
10 10/11p
ordinary
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Purchase
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2,685
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2.4685 GBP
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|
10 10/11p
ordinary
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Purchase
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2,126
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2.4610 GBP
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|
10 10/11p
ordinary
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Purchase
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1,943
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2.4658 GBP
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|
10 10/11p
ordinary
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Purchase
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1,756
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2.4688 GBP
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|
10 10/11p
ordinary
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Purchase
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1,329
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2.4647 GBP
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|
10 10/11p
ordinary
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Purchase
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1,058
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2.4660 GBP
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|
10 10/11p
ordinary
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Purchase
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1,058
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2.4657 GBP
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|
10 10/11p
ordinary
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Purchase
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823
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2.4609 GBP
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|
10 10/11p
ordinary
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Purchase
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677
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2.4580 GBP
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|
10 10/11p
ordinary
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Purchase
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587
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2.4700 GBP
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|
10 10/11p
ordinary
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Purchase
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286
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2.4669 GBP
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|
10 10/11p
ordinary
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Purchase
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241
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2.4676 GBP
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|
10 10/11p
ordinary
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Purchase
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62
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2.4597 GBP
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10 10/11p
ordinary
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Sale
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96,162
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2.4614 GBP
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|
10 10/11p
ordinary
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Sale
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68,422
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2.4598 GBP
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|
10 10/11p
ordinary
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Sale
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44,628
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2.4641 GBP
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|
10 10/11p
ordinary
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Sale
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33,158
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2.4703 GBP
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|
10 10/11p
ordinary
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Sale
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25,692
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2.4472 GBP
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|
10 10/11p
ordinary
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Sale
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19,401
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2.4460 GBP
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|
10 10/11p
ordinary
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Sale
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14,868
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2.4650 GBP
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|
10 10/11p
ordinary
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Sale
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11,709
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2.4591 GBP
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|
10 10/11p
ordinary
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Sale
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9,391
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2.4459 GBP
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|
10 10/11p
ordinary
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Sale
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3,677
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2.4538 GBP
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|
10 10/11p
ordinary
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Sale
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2,909
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2.4636 GBP
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10 10/11p
ordinary
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Sale
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1,500
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2.4800 GBP
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|
10 10/11p
ordinary
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Sale
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1,177
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2.4666 GBP
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|
10 10/11p
ordinary
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Sale
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1,058
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2.4660 GBP
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|
10 10/11p
ordinary
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Sale
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855
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2.4647 GBP
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|
10 10/11p
ordinary
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Sale
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696
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2.4665 GBP
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|
10 10/11p
ordinary
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Sale
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672
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2.4652 GBP
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|
10 10/11p
ordinary
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Sale
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143
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2.4620 GBP
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|
10 10/11p
ordinary
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Sale
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62
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2.4600 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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26,873
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2.4458 GBP
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|
10 10/11p
ordinary
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SWAP
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Increasing Long
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9,391
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2.4459 GBP
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10 10/11p
ordinary
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SWAP
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Increasing Long
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1,576
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2.4460 GBP
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|
10 10/11p
ordinary
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SWAP
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Increasing Long
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3,677
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2.4538 GBP
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|
10 10/11p
ordinary
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SWAP
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Increasing Long
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829
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2.4541 GBP
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|
10 10/11p
ordinary
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SWAP
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Increasing Long
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11,709
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2.4591 GBP
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|
10 10/11p
ordinary
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SWAP
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Increasing Long
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166
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2.4640 GBP
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|
10 10/11p
ordinary
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SWAP
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Increasing Long
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672
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2.4652 GBP
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|
10 10/11p
ordinary
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SWAP
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Increasing Long
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834
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2.4661 GBP
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10 10/11p
ordinary
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SWAP
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Increasing Long
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33,158
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2.4703 GBP
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10 10/11p
ordinary
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SWAP
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Decreasing Long
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180,160
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2.4460 GBP
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10 10/11p
ordinary
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SWAP
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Decreasing Long
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15,797
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2.4533 GBP
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|
10 10/11p
ordinary
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SWAP
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Decreasing Long
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38,194
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2.4538 GBP
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10 10/11p
ordinary
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SWAP
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Decreasing Long
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32,915
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2.4545 GBP
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|
10 10/11p
ordinary
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SWAP
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Decreasing Long
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823
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2.4609 GBP
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|
10 10/11p
ordinary
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SWAP
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Decreasing Long
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280
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2.4622 GBP
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|
10 10/11p
ordinary
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SWAP
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Decreasing Long
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3,113
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2.4623 GBP
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|
10 10/11p
ordinary
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SWAP
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Decreasing Long
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5,814
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2.4628 GBP
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|
10 10/11p
ordinary
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SWAP
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Decreasing Long
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17,945
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2.4635 GBP
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|
10 10/11p
ordinary
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SWAP
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Decreasing Long
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20,580
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2.4643 GBP
|
|
10 10/11p
ordinary
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SWAP
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Decreasing Long
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25,016
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2.4645 GBP
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|
10 10/11p
ordinary
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SWAP
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Decreasing Long
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62,531
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2.4649 GBP
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|
10 10/11p
ordinary
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SWAP
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Decreasing Long
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3,956
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2.4652 GBP
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|
10 10/11p
ordinary
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SWAP
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Decreasing Long
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1,943
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2.4658 GBP
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|
10 10/11p
ordinary
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SWAP
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Decreasing Long
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224
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2.4667 GBP
|
|
10 10/11p
ordinary
|
SWAP
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Decreasing Long
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18,905
|
2.4677 GBP
|
|
10 10/11p
ordinary
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SWAP
|
Decreasing Long
|
671
|
2.4680 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
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2,187
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2.4687 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
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3,100
|
2.4693 GBP
|
|
10 10/11p
ordinary
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SWAP
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Decreasing Long
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587
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2.4700 GBP
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|
10 10/11p
ordinary
|
CFD
|
Decreasing Short
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96,162
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2.4614 GBP
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|
10 10/11p
ordinary
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CFD
|
Decreasing Short
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1,752
|
2.4617 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Decreasing Short
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60,304
|
2.4640 GBP
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|
10 10/11p
ordinary
|
CFD
|
Increasing Short
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34,600
|
2.4545 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Increasing Short
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61,101
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2.4673 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
|
Writing,
purchasing,
selling,
varying etc
|
Number
of
securities
to which
option
relates
|
Exercise
price
per unit
|
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
|
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
|
Nature of
Dealings
|
Details
|
Price per unit (if
applicable)
|
|
|
|
|
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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:
|
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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:
|
17 Dec 2024
|
|
Contact name:
|
Large Holdings Regulatory
Operations
|
|
Telephone number:
|
020 3134
7213
|