Form 8.3 - Direct Line Insurance Group plc

Barclays PLC
01 March 2024
 

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

DIRECT LINE INSURANCE GROUP PLC

 

relevant securities this form relates:

(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:

29 Feb 2024

(f)

In addition to the company in 1(c) above, is the discloser making

YES:

 

 

 

disclosures in respect of any other party to the offer?

AGEAS SA/NV

 

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:

Ordinary 10 10/11p

 

Interests

Short Positions

 

Number

(%)

Number

(%)

(1)

Relevant securities owned

 

 

 

 

 

and/or controlled:

 

 

17,562,249

1.34%

13,954,419

1.06%

(2)

Cash-settled derivatives:

 

 

 

 

 

and/or controlled:

 

 

3,946,781

0.30%

15,893,068

1.21%

(3)

Stock-settled derivatives (including options)

 

 

 

 

 

and agreements to purchase/sell:

 

 

0

0.00%

0

0.00%

 

 

 

 

 

 

 

 

 

TOTAL:

 

 

21,509,030

1.64%

29,847,487

2.28%

(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 EXEMPT PRINCIPAL TRADER

(a)

Purchases and sales

 

 

 

 

 

Class of relevant

Purchase/sale

Number of

Price per unit

security

 

securities

 

Ordinary 10 10/11p

Purchase

1,808,580

2.0202  GBP

Ordinary 10 10/11p

Purchase

451,208

2.0425  GBP

Ordinary 10 10/11p

Purchase

446,041

2.0220  GBP

Ordinary 10 10/11p

Purchase

325,075

2.0192  GBP

Ordinary 10 10/11p

Purchase

322,811

2.0307  GBP

Ordinary 10 10/11p

Purchase

171,992

2.0200  GBP

Ordinary 10 10/11p

Purchase

163,631

2.0198  GBP

Ordinary 10 10/11p

Purchase

153,066

2.0242  GBP

Ordinary 10 10/11p

Purchase

110,358

2.0312  GBP

Ordinary 10 10/11p

Purchase

107,740

2.0223  GBP

Ordinary 10 10/11p

Purchase

99,328

2.0274  GBP

Ordinary 10 10/11p

Purchase

70,988

2.0305  GBP

Ordinary 10 10/11p

Purchase

70,933

2.0298  GBP

Ordinary 10 10/11p

Purchase

53,712

2.0417  GBP

Ordinary 10 10/11p

Purchase

52,623

2.0350  GBP

Ordinary 10 10/11p

Purchase

50,593

2.0329  GBP

Ordinary 10 10/11p

Purchase

48,000

2.0265  GBP

Ordinary 10 10/11p

Purchase

43,322

2.0482  GBP

Ordinary 10 10/11p

Purchase

35,280

2.0429  GBP

Ordinary 10 10/11p

Purchase

12,205

2.0408  GBP

Ordinary 10 10/11p

Purchase

11,683

2.0249  GBP

Ordinary 10 10/11p

Purchase

10,797

2.0256  GBP

Ordinary 10 10/11p

Purchase

10,688

2.0309  GBP

Ordinary 10 10/11p

Purchase

7,502

2.0401  GBP

Ordinary 10 10/11p

Purchase

5,145

2.0193  GBP

Ordinary 10 10/11p

Purchase

5,070

2.0316  GBP

Ordinary 10 10/11p

Purchase

4,312

2.0446  GBP

Ordinary 10 10/11p

Purchase

3,803

2.0377  GBP

Ordinary 10 10/11p

Purchase

3,171

2.0234  GBP

Ordinary 10 10/11p

Purchase

3,000

2.0330  GBP

Ordinary 10 10/11p

Purchase

2,528

2.0283  GBP

Ordinary 10 10/11p

Purchase

2,373

2.0510  GBP

Ordinary 10 10/11p

Purchase

2,191

2.0229  GBP

Ordinary 10 10/11p

Purchase

1,889

2.0385  GBP

Ordinary 10 10/11p

Purchase

1,797

2.0168  GBP

Ordinary 10 10/11p

Purchase

1,292

2.0400  GBP

Ordinary 10 10/11p

Purchase

1,213

2.0189  GBP

Ordinary 10 10/11p

Purchase

1,213

2.0190  GBP

Ordinary 10 10/11p

Purchase

1,175

2.0284  GBP

Ordinary 10 10/11p

Purchase

1,055

2.0090  GBP

Ordinary 10 10/11p

Purchase

1,017

2.0160  GBP

Ordinary 10 10/11p

Purchase

1,013

2.0080  GBP

Ordinary 10 10/11p

Purchase

991

2.0370  GBP

Ordinary 10 10/11p

Purchase

979

2.0475  GBP

Ordinary 10 10/11p

Purchase

367

2.0247  GBP

Ordinary 10 10/11p

Purchase

130

2.0310  GBP

Ordinary 10 10/11p

Purchase

37

2.0356  GBP

Ordinary 10 10/11p

Purchase

14

2.0240  GBP

Ordinary 10 10/11p

Purchase

8

2.0387  GBP

Ordinary 10 10/11p

Sale

1,153,049

2.0341  GBP

Ordinary 10 10/11p

Sale

583,208

2.0198  GBP

Ordinary 10 10/11p

Sale

391,688

2.0250  GBP

Ordinary 10 10/11p

Sale

136,096

2.0490  GBP

Ordinary 10 10/11p

Sale

96,296

2.0211  GBP

Ordinary 10 10/11p

Sale

95,845

2.0264  GBP

Ordinary 10 10/11p

Sale

80,765

2.0356  GBP

Ordinary 10 10/11p

Sale

78,381

2.0368  GBP

Ordinary 10 10/11p

Sale

77,070

2.0420  GBP

Ordinary 10 10/11p

Sale

57,298

2.0363  GBP

Ordinary 10 10/11p

Sale

54,355

2.0226  GBP

Ordinary 10 10/11p

Sale

48,902

2.0199  GBP

Ordinary 10 10/11p

Sale

47,684

2.0297  GBP

Ordinary 10 10/11p

Sale

41,740

2.0402  GBP

Ordinary 10 10/11p

Sale

31,780

2.0271  GBP

Ordinary 10 10/11p

Sale

29,757

2.0305  GBP

Ordinary 10 10/11p

Sale

28,260

2.0158  GBP

Ordinary 10 10/11p

Sale

22,250

2.0355  GBP

Ordinary 10 10/11p

Sale

20,373

2.0319  GBP

Ordinary 10 10/11p

Sale

17,885

2.0435  GBP

Ordinary 10 10/11p

Sale

15,478

2.0221  GBP

Ordinary 10 10/11p

Sale

12,234

2.0352  GBP

Ordinary 10 10/11p

Sale

12,218

2.0322  GBP

Ordinary 10 10/11p

Sale

12,050

2.0249  GBP

Ordinary 10 10/11p

Sale

9,359

2.0092  GBP

Ordinary 10 10/11p

Sale

7,326

2.0325  GBP

Ordinary 10 10/11p

Sale

6,084

2.0407  GBP

Ordinary 10 10/11p

Sale

4,936

2.0287  GBP

Ordinary 10 10/11p

Sale

4,892

2.0208  GBP

Ordinary 10 10/11p

Sale

4,129

2.0112  GBP

Ordinary 10 10/11p

Sale

3,748

2.0130  GBP

Ordinary 10 10/11p

Sale

2,689

2.0261  GBP

Ordinary 10 10/11p

Sale

1,896

2.0242  GBP

Ordinary 10 10/11p

Sale

1,889

2.0385  GBP

Ordinary 10 10/11p

Sale

1,827

2.0380  GBP

Ordinary 10 10/11p

Sale

1,797

2.0170  GBP

Ordinary 10 10/11p

Sale

1,213

2.0190  GBP

Ordinary 10 10/11p

Sale

1,121

2.0365  GBP

Ordinary 10 10/11p

Sale

1,055

2.0090  GBP

Ordinary 10 10/11p

Sale

1,034

2.0330  GBP

Ordinary 10 10/11p

Sale

1,026

2.0110  GBP

Ordinary 10 10/11p

Sale

1,017

2.0162  GBP

Ordinary 10 10/11p

Sale

1,013

2.0082  GBP

Ordinary 10 10/11p

Sale

1,013

2.0360  GBP

Ordinary 10 10/11p

Sale

991

2.0370  GBP

Ordinary 10 10/11p

Sale

955

2.0150  GBP

Ordinary 10 10/11p

Sale

689

2.0552  GBP

Ordinary 10 10/11p

Sale

130

2.0310  GBP

Ordinary 10 10/11p

Sale

130

2.0200  GBP

Ordinary 10 10/11p

Sale

37

2.0358  GBP

Ordinary 10 10/11p

Sale

8

2.0390  GBP

Ordinary 10 10/11p

Sale

1

2.0400  GBP

Ordinary 10 10/11p

Sale

1

2.0188  GBP

 

 

 

 

 

 

 

 

(b)

Cash-settled derivative transactions

 

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

 

reference

unit

security

 

 

securities

 

Ordinary 10 10/11p

SWAP

Closing Long

4,645

2.0199  GBP

Ordinary 10 10/11p

SWAP

Closing Long

5,780

2.0329  GBP

Ordinary 10 10/11p

SWAP

Closing Long

6,438

2.0317  GBP

Ordinary 10 10/11p

SWAP

Decreasing Long

749

2.0406  GBP

Ordinary 10 10/11p

SWAP

Decreasing Long

1,175

2.0284  GBP

Ordinary 10 10/11p

SWAP

Decreasing Long

1,952

2.0307  GBP

Ordinary 10 10/11p

SWAP

Decreasing Long

2,783

2.0418  GBP

Ordinary 10 10/11p

SWAP

Decreasing Long

4,047

2.0417  GBP

Ordinary 10 10/11p

SWAP

Decreasing Long

14,149

2.0463  GBP

Ordinary 10 10/11p

SWAP

Decreasing Long

64,955

2.0280  GBP

Ordinary 10 10/11p

SWAP

Decreasing Long

153,066

2.0242  GBP

Ordinary 10 10/11p

SWAP

Decreasing Long

179,049

2.0214  GBP

Ordinary 10 10/11p

SWAP

Decreasing Long

1,622,067

2.0200  GBP

Ordinary 10 10/11p

SWAP

Decreasing Short

249

2.0555  GBP

Ordinary 10 10/11p

SWAP

Decreasing Short

440

2.0552  GBP

Ordinary 10 10/11p

CFD

Decreasing Short

1,896

2.0242  GBP

Ordinary 10 10/11p

CFD

Decreasing Short

2,400

2.0342  GBP

Ordinary 10 10/11p

SWAP

Decreasing Short

6,084

2.0407  GBP

Ordinary 10 10/11p

SWAP

Decreasing Short

7,326

2.0325  GBP

Ordinary 10 10/11p

SWAP

Decreasing Short

11,944

2.0201  GBP

Ordinary 10 10/11p

SWAP

Decreasing Short

12,500

2.0319  GBP

Ordinary 10 10/11p

SWAP

Decreasing Short

25,335

2.0417  GBP

Ordinary 10 10/11p

SWAP

Decreasing Short

31,780

2.0271  GBP

Ordinary 10 10/11p

SWAP

Decreasing Short

38,389

2.0489  GBP

Ordinary 10 10/11p

SWAP

Decreasing Short

44,257

2.0199  GBP

Ordinary 10 10/11p

SWAP

Decreasing Short

54,355

2.0226  GBP

Ordinary 10 10/11p

CFD

Decreasing Short

61,166

2.0200  GBP

Ordinary 10 10/11p

CFD

Decreasing Short

80,765

2.0356  GBP

Ordinary 10 10/11p

SWAP

Decreasing Short

133,167

2.0490  GBP

Ordinary 10 10/11p

CFD

Decreasing Short

163,008

2.0198  GBP

Ordinary 10 10/11p

SWAP

Increasing Long

363

2.0348  GBP

Ordinary 10 10/11p

SWAP

Increasing Long

1,827

2.0380  GBP

Ordinary 10 10/11p

SWAP

Increasing Long

4,651

2.0425  GBP

Ordinary 10 10/11p

SWAP

Increasing Long

4,892

2.0208  GBP

Ordinary 10 10/11p

SWAP

Increasing Long

12,544

2.0404  GBP

Ordinary 10 10/11p

SWAP

Increasing Long

18,751

2.0344  GBP

Ordinary 10 10/11p

SWAP

Increasing Long

24,049

2.0343  GBP

Ordinary 10 10/11p

SWAP

Increasing Long

28,833

2.0401  GBP

Ordinary 10 10/11p

SWAP

Increasing Long

29,757

2.0305  GBP

Ordinary 10 10/11p

SWAP

Increasing Long

36,179

2.0223  GBP

Ordinary 10 10/11p

SWAP

Increasing Long

56,404

2.0252  GBP

Ordinary 10 10/11p

SWAP

Increasing Long

78,381

2.0368  GBP

Ordinary 10 10/11p

SWAP

Increasing Long

146,164

2.0302  GBP

Ordinary 10 10/11p

CFD

Increasing Short

11,683

2.0249  GBP

Ordinary 10 10/11p

SWAP

Increasing Short

48,000

2.0265  GBP

Ordinary 10 10/11p

CFD

Increasing Short

110,358

2.0312  GBP

Ordinary 10 10/11p

CFD

Increasing Short

117,761

2.0200  GBP

Ordinary 10 10/11p

SWAP

Opening Short

2,915

2.0249  GBP

Ordinary 10 10/11p

SWAP

Opening Short

7,927

2.0491  GBP

Ordinary 10 10/11p

SWAP

Opening Short

45,719

2.0247  GBP

Ordinary 10 10/11p

SWAP

Opening Short

264,298

2.0313  GBP

 

 

 

 

 

 

 

 

(c)

Stock-settled derivative transactions (including options)

 

(i)

Writing, selling, purchasing or varying

 

Class

Product

Writing,

Number

Exercise

Type

Expiry

Option

of

description

purchasing,

of

price

 

date

money

relevant

 

selling,

securities

per unit

 

 

paid/

security

 

varying etc

to which

 

 

 

received

 

 

 

option

 

 

 

per unit

 

 

 

relates

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(ii)

Exercising

 

 

 

 

 

 

Class of relevant

Product description

Exercising/ exercised against

Number of

Exercise price per

security

 

 

securities

unit

 

 

 

 

 

 

 

 

 

 

 

 

 

(d)

Other dealings (including subscribing for new securities)

 

Class of relevant

Nature of Dealings

Details

Price per unit (if

security

 

 

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 exempt principal trader 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:

01 Mar 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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