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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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24
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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9,176,287
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0.70%
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13,699,381
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1.04%
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(2)
Cash-settled derivatives:
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14,446,573
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1.10%
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8,493,208
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0.65%
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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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23,622,860
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1.80%
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22,192,589
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1.69%
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Class of relevant security:
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Convertible Bond XS1728036366
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Interests
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Short
Positions
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Number
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(%)
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Number
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(%)
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(1)
Relevant securities owned and/or controlled:
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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%
|
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
|
Price per
unit
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|
10 10/11p
ordinary
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Purchase
|
364,763
|
2.5352 GBP
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|
10 10/11p
ordinary
|
Purchase
|
58,082
|
2.5380 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
48,295
|
2.5281 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
42,600
|
2.5278 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
29,435
|
2.5276 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
23,024
|
2.5326 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
20,266
|
2.5301 GBP
|
|
ADR
|
Purchase
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20,000
|
12.5300 USD
|
|
10 10/11p
ordinary
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Purchase
|
15,928
|
2.5292 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
11,441
|
2.5291 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
10,461
|
2.5265 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
10,006
|
2.5282 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
8,259
|
2.5298 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
4,947
|
2.5320 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
4,378
|
2.5300 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
3,834
|
2.5200 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
3,703
|
2.5280 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
3,623
|
2.5319 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
3,389
|
2.5220 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
3,130
|
2.5293 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
2,782
|
2.5299 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
2,609
|
2.5311 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
2,536
|
2.5288 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
2,241
|
2.5277 GBP
|
|
10 10/11p
ordinary
|
Purchase
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2,059
|
2.5290 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
1,736
|
2.5275 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
1,710
|
2.5270 GBP
|
|
10 10/11p
ordinary
|
Purchase
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1,694
|
2.5310 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
1,109
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2.5294 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
1,027
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2.5263 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
674
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2.5330 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
519
|
2.5312 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
477
|
2.5260 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
327
|
2.5343 GBP
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|
10 10/11p
ordinary
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Sale
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105,574
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2.5380 GBP
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|
10 10/11p
ordinary
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Sale
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67,789
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2.5299 GBP
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|
10 10/11p
ordinary
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Sale
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45,014
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2.5307 GBP
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|
10 10/11p
ordinary
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Sale
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28,294
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2.5274 GBP
|
|
10 10/11p
ordinary
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Sale
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27,416
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2.5315 GBP
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|
10 10/11p
ordinary
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Sale
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22,900
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2.5262 GBP
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|
10 10/11p
ordinary
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Sale
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20,402
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2.5275 GBP
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|
10 10/11p
ordinary
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Sale
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13,684
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2.5288 GBP
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|
10 10/11p
ordinary
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Sale
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12,055
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2.5257 GBP
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|
10 10/11p
ordinary
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Sale
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11,123
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2.5318 GBP
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|
10 10/11p
ordinary
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Sale
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9,435
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2.5287 GBP
|
|
10 10/11p
ordinary
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Sale
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8,569
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2.5267 GBP
|
|
10 10/11p
ordinary
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Sale
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7,862
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2.5310 GBP
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|
10 10/11p
ordinary
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Sale
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5,128
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2.5282 GBP
|
|
10 10/11p
ordinary
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Sale
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4,808
|
2.5290 GBP
|
|
10 10/11p
ordinary
|
Sale
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4,111
|
2.5273 GBP
|
|
10 10/11p
ordinary
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Sale
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3,846
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2.5320 GBP
|
|
10 10/11p
ordinary
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Sale
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3,389
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2.5220 GBP
|
|
10 10/11p
ordinary
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Sale
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2,594
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2.5276 GBP
|
|
10 10/11p
ordinary
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Sale
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1,596
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2.5277 GBP
|
|
10 10/11p
ordinary
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Sale
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1,454
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2.5280 GBP
|
|
10 10/11p
ordinary
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Sale
|
1,003
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2.5346 GBP
|
|
10 10/11p
ordinary
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Sale
|
477
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2.5260 GBP
|
|
10 10/11p
ordinary
|
Sale
|
259
|
2.5270 GBP
|
|
10 10/11p
ordinary
|
Sale
|
189
|
2.5258 GBP
|
|
10 10/11p
ordinary
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Sale
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41
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2.5300 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
|
Increasing Long
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12,055
|
2.5257 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
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189
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2.5258 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
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22,900
|
2.5262 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
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19,473
|
2.5265 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
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8,569
|
2.5267 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
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18,811
|
2.5275 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
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12,555
|
2.5278 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
216
|
2.5299 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
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2,684
|
2.5303 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
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45,000
|
2.5307 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
14
|
2.5308 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
7,862
|
2.5310 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
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11,123
|
2.5318 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
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2,317
|
2.5332 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
88
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2.5140 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
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3,834
|
2.5200 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
8,464
|
2.5275 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
3,148
|
2.5277 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
893
|
2.5280 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
2,059
|
2.5290 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
16,773
|
2.5291 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
8,259
|
2.5298 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
2,782
|
2.5299 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
1,713
|
2.5300 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
14,934
|
2.5304 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
37
|
2.5309 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
216,199
|
2.5311 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
519
|
2.5312 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
107,211
|
2.5313 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
1,101
|
2.5320 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
674
|
2.5329 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
327
|
2.5343 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
58,082
|
2.5380 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Decreasing Short
|
8,304
|
2.5290 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Increasing Short
|
80,000
|
2.5017 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Opening
Short
|
20,000
|
12.5300 USD
|
|
|
|
|
|
|
|
|
|
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(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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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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:
|
|
NONE
|
|
(c)
|
Attachments
|
|
|
|
|
|
|
|
Is
a Supplemental Form 8 (Open Positions) attached?
|
NO
|
|
Date of disclosure:
|
27 Dec 2024
|
|
Contact name:
|
Large Holdings Regulatory
Operations
|
|
Telephone number:
|
020 3134
7213
|