|
FORM 8.3
|
|
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE
BY
|
|
A
PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1%
OR
|
|
MORE
|
|
Rule 8.3 of the Takeover Code
(the "Code")
|
|
1.
|
KEY
INFORMATION
|
|
(a)
|
Full name of discloser:
|
Barclays PLC.
|
|
(b)
|
Owner or controller of interest and short
positions disclosed, if different from
1(a):
|
|
|
(c)
|
Name of offeror/offeree in relation to whose
relevant securities this form relates:
|
DIRECT LINE INSURANCE GROUP PLC
|
|
(d)
|
If
an exempt fund manager connected with an
offeror/offeree, state this and specify identity of
offeror/offeree:
|
|
|
(e)
|
Date position held/dealing undertaken:
|
06
Jan 2025
|
|
(f)
|
In
addition to the company in 1(c) above, is the discloser making
disclosures in respect of any other party to the
offer?
|
YES:
AVIVA PLC
|
|
2.
|
POSITIONS OF THE PERSON MAKING THE
DISCLOSURE
|
|
(a)
|
Interests and short positions in the relevant securities of
the offeror or offeree
to which the disclosure relates following the dealing(if
any)
|
|
Class of relevant security:
|
10
10/11p ordinary
|
|
|
Interests
|
Short
Positions
|
|
Number
|
(%)
|
Number
|
(%)
|
|
(1)
Relevant securities owned and/or controlled:
|
7,317,909
|
0.56%
|
12,390,327
|
0.94%
|
|
(2)
Cash-settled derivatives:
|
13,127,868
|
1.00%
|
7,148,570
|
0.55%
|
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
|
TOTAL:
|
20,445,777
|
1.56%
|
19,538,897
|
1.49%
|
|
|
|
|
|
|
|
|
|
|
Class of relevant security:
|
Convertible Bond XS1728036366
|
|
|
Interests
|
Short
Positions
|
|
Number
|
(%)
|
Number
|
(%)
|
|
(1)
Relevant securities owned and/or controlled:
|
200,000
|
0.06%
|
0
|
0.00%
|
|
(2)
Cash-settled derivatives:
|
0
|
0.00%
|
0
|
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%
|
|
|
|
|
|
|
|
|
|
|
(b)
|
Rights to subscribe for new securities (including directors
and
other executive options)
|
|
Class of relevant security in relation to
which subscription right exists
|
|
|
Details, including nature of the rights
concerned and relevant percentages:
|
|
|
3.
|
DEALINGS (IF ANY) BY THE PERSON MAKING THE
DISCLOSURE
|
|
(a)
|
Purchase and sales
|
|
Class of relevant
security
|
Purchase/sale
|
Number of
securities
|
Price per
unit
|
|
10 10/11p
ordinary
|
Purchase
|
502,004
|
2.5883 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
418,468
|
2.5800 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
201,761
|
2.5829 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
76,079
|
2.5795 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
40,267
|
2.5836 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
39,501
|
2.5793 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
33,750
|
2.5807 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
31,175
|
2.5814 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
26,483
|
2.5794 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
24,558
|
2.5917 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
20,806
|
2.5796 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
20,175
|
2.5842 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
17,580
|
2.5920 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
16,529
|
2.5799 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
13,681
|
2.5765 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
12,722
|
2.5898 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
10,045
|
2.5751 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
9,315
|
2.5824 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
8,509
|
2.5815 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
7,363
|
2.5857 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
6,791
|
2.5819 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
5,712
|
2.5778 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
3,681
|
2.5787 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
3,669
|
2.5780 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
3,362
|
2.5790 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
3,277
|
2.5782 GBP
|
|
ADR
|
Purchase
|
3,200
|
12.9000 USD
|
|
10 10/11p
ordinary
|
Purchase
|
2,185
|
2.5789 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
1,713
|
2.5760 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
1,657
|
2.5840 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
1,368
|
2.5940 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
1,189
|
2.5873 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
1,121
|
2.5880 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
1,009
|
2.5901 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
800
|
2.5900 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
776
|
2.5897 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
704
|
2.5937 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
412
|
2.5891 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
260
|
2.5759 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
30
|
2.5802 GBP
|
|
10 10/11p
ordinary
|
Sale
|
261,474
|
2.5920 GBP
|
|
10 10/11p
ordinary
|
Sale
|
167,004
|
2.5810 GBP
|
|
10 10/11p
ordinary
|
Sale
|
113,165
|
2.5769 GBP
|
|
10 10/11p
ordinary
|
Sale
|
102,203
|
2.5844 GBP
|
|
10 10/11p
ordinary
|
Sale
|
67,504
|
2.5804 GBP
|
|
10 10/11p
ordinary
|
Sale
|
48,374
|
2.5919 GBP
|
|
10 10/11p
ordinary
|
Sale
|
48,059
|
2.5786 GBP
|
|
10 10/11p
ordinary
|
Sale
|
42,700
|
2.5869 GBP
|
|
10 10/11p
ordinary
|
Sale
|
25,390
|
2.5774 GBP
|
|
10 10/11p
ordinary
|
Sale
|
25,008
|
2.5776 GBP
|
|
10 10/11p
ordinary
|
Sale
|
23,439
|
2.5833 GBP
|
|
10 10/11p
ordinary
|
Sale
|
18,246
|
2.5783 GBP
|
|
10 10/11p
ordinary
|
Sale
|
18,017
|
2.5800 GBP
|
|
10 10/11p
ordinary
|
Sale
|
17,564
|
2.5788 GBP
|
|
10 10/11p
ordinary
|
Sale
|
10,300
|
2.5798 GBP
|
|
10 10/11p
ordinary
|
Sale
|
10,198
|
2.5772 GBP
|
|
10 10/11p
ordinary
|
Sale
|
7,094
|
2.5797 GBP
|
|
10 10/11p
ordinary
|
Sale
|
5,875
|
2.5775 GBP
|
|
10 10/11p
ordinary
|
Sale
|
3,700
|
2.5773 GBP
|
|
10 10/11p
ordinary
|
Sale
|
3,474
|
2.5870 GBP
|
|
ADR
|
Sale
|
3,200
|
12.9000 USD
|
|
10 10/11p
ordinary
|
Sale
|
1,672
|
2.5939 GBP
|
|
10 10/11p
ordinary
|
Sale
|
1,534
|
2.5762 GBP
|
|
10 10/11p
ordinary
|
Sale
|
1,368
|
2.5940 GBP
|
|
10 10/11p
ordinary
|
Sale
|
1,304
|
2.5782 GBP
|
|
10 10/11p
ordinary
|
Sale
|
1,121
|
2.5880 GBP
|
|
10 10/11p
ordinary
|
Sale
|
941
|
2.5779 GBP
|
|
10 10/11p
ordinary
|
Sale
|
859
|
2.5899 GBP
|
|
10 10/11p
ordinary
|
Sale
|
452
|
2.5811 GBP
|
|
10 10/11p
ordinary
|
Sale
|
224
|
2.5790 GBP
|
|
10 10/11p
ordinary
|
Sale
|
179
|
2.5760 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
|
Increasing Short
|
32,858
|
2.5834 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
3,700
|
2.5773 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
4,893
|
2.5775 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
941
|
2.5779 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
17,941
|
2.5783 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
47,053
|
2.5787 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
10,300
|
2.5798 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
791
|
2.5800 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
67,504
|
2.5804 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
36,313
|
2.5866 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
17,642
|
2.5871 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
3,284
|
2.5880 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
6,387
|
2.5883 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
1,246
|
2.5885 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
859
|
2.5899 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
2,124
|
2.5912 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
48,374
|
2.5919 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
1,243
|
2.5780 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
3,277
|
2.5782 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
3,591
|
2.5784 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
153,533
|
2.5794 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
9,122
|
2.5796 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
8,445
|
2.5799 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
57,274
|
2.5800 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
87,389
|
2.5811 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
250,671
|
2.5813 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
8,509
|
2.5815 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
5,597
|
2.5820 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
9,315
|
2.5824 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
69,098
|
2.5829 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
40,267
|
2.5836 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
9,927
|
2.5851 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
412
|
2.5891 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
30,642
|
2.5920 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Decreasing Short
|
15,465
|
2.5766 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Decreasing Short
|
1,581
|
2.5897 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Decreasing Short
|
1,555
|
2.5898 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Increasing Short
|
1,691
|
2.5601 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Increasing Short
|
3,000
|
2.5682 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Increasing Short
|
33,355
|
2.5862 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:
|
07 Jan 2025
|
|
Contact name:
|
Large Holdings Regulatory
Operations
|
|
Telephone number:
|
020 3134
7213
|