Form 8.3 - Direct Line Insurance Group Replacement

Barclays PLC

27 February 2025

 

FORM 8.3 + Amendment to 2a and 3a Replaces form Released at 25/02/2025 13:08 RNS Number : 4129Y
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:			24 Feb 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:				22,494,739	1.72%	8,766,945	0.67%
(2) Cash-settled derivatives:				9,480,915	0.72%	21,593,912	1.64%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				31,975,654	2.44%	30,360,857	2.31%
Class of relevant security:				Restricted Tier 1 Note 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	1,400,000	2.6384  GBP
10 10/11p ordinary	Purchase	503,490	2.6386  GBP
10 10/11p ordinary	Purchase	500,000	2.6395  GBP
10 10/11p ordinary	Purchase	500,000	2.6397  GBP
10 10/11p ordinary	Purchase	300,000	2.6393  GBP
10 10/11p ordinary	Purchase	155,723	2.6389  GBP
10 10/11p ordinary	Purchase	152,531	2.6360  GBP
10 10/11p ordinary	Purchase	87,037	2.6460  GBP
10 10/11p ordinary	Purchase	60,404	2.6486  GBP
10 10/11p ordinary	Purchase	51,720	2.6400  GBP
10 10/11p ordinary	Purchase	44,397	2.6404  GBP
10 10/11p ordinary	Purchase	36,157	2.6405  GBP
10 10/11p ordinary	Purchase	34,202	2.6411  GBP
10 10/11p ordinary	Purchase	20,979	2.6500  GBP
10 10/11p ordinary	Purchase	18,100	2.6408  GBP
10 10/11p ordinary	Purchase	12,569	2.6374  GBP
10 10/11p ordinary	Purchase	7,861	2.6425  GBP
10 10/11p ordinary	Purchase	7,285	2.6401  GBP
10 10/11p ordinary	Purchase	6,616	2.6417  GBP
10 10/11p ordinary	Purchase	5,839	2.6381  GBP
10 10/11p ordinary	Purchase	5,300	2.6418  GBP
10 10/11p ordinary	Purchase	4,355	2.6430  GBP
10 10/11p ordinary	Purchase	3,312	2.6372  GBP
10 10/11p ordinary	Purchase	1,211	2.6380  GBP
10 10/11p ordinary	Purchase	1,151	2.6414  GBP
10 10/11p ordinary	Purchase	1,043	2.6420  GBP
ADR	Purchase	4	13.9700  USD
10 10/11p ordinary	Sale	128,364	2.6380  GBP
10 10/11p ordinary	Sale	123,075	2.6381  GBP
10 10/11p ordinary	Sale	109,224	2.6402  GBP
10 10/11p ordinary	Sale	88,962	2.6467  GBP
10 10/11p ordinary	Sale	84,696	2.6375  GBP
10 10/11p ordinary	Sale	26,635	2.6384  GBP
10 10/11p ordinary	Sale	24,788	2.6473  GBP
10 10/11p ordinary	Sale	20,256	2.6499  GBP
10 10/11p ordinary	Sale	17,543	2.6500  GBP
10 10/11p ordinary	Sale	15,559	2.6390  GBP
10 10/11p ordinary	Sale	13,342	2.6368  GBP
10 10/11p ordinary	Sale	8,217	2.6378  GBP
10 10/11p ordinary	Sale	3,437	2.6387  GBP
10 10/11p ordinary	Sale	512	2.6464  GBP
10 10/11p ordinary	Sale	455	2.6400  GBP
10 10/11p ordinary	Sale	205	2.6369  GBP
10 10/11p ordinary	Sale	177	2.6388  GBP
10 10/11p ordinary	Sale	115	2.6360  GBP
ADR	Sale	4	13.9700  USD
(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 Long	19,868	2.6371  GBP
10 10/11p ordinary	SWAP	Increasing Long	84,696	2.6375  GBP
10 10/11p ordinary	SWAP	Increasing Long	7,100	2.6378  GBP
10 10/11p ordinary	SWAP	Increasing Long	128,274	2.6380  GBP
10 10/11p ordinary	SWAP	Increasing Long	123,075	2.6381  GBP
10 10/11p ordinary	SWAP	Increasing Long	20,109	2.6387  GBP
10 10/11p ordinary	SWAP	Increasing Long	5,882	2.6394  GBP
10 10/11p ordinary	SWAP	Increasing Long	20,689	2.6399  GBP
10 10/11p ordinary	SWAP	Increasing Long	2,690	2.6416  GBP
10 10/11p ordinary	SWAP	Increasing Long	512	2.6464  GBP
10 10/11p ordinary	SWAP	Increasing Long	12,367	2.6483  GBP
10 10/11p ordinary	SWAP	Increasing Long	4,632	2.6485  GBP
10 10/11p ordinary	SWAP	Increasing Long	3,000	2.6497  GBP
10 10/11p ordinary	SWAP	Increasing Long	76,210	2.6500  GBP
10 10/11p ordinary	SWAP	Decreasing Long	250,000	2.6354  GBP
10 10/11p ordinary	SWAP	Opening Short	2,000,000	2.6384  GBP
10 10/11p ordinary	SWAP	Increasing Short	500,000	2.6386  GBP
10 10/11p ordinary	SWAP	Increasing Short	500,000	2.6395  GBP
10 10/11p ordinary	SWAP	Increasing Short	500,000	2.6397  GBP
10 10/11p ordinary	SWAP	Increasing Short	71,397	2.6400  GBP
10 10/11p ordinary	SWAP	Increasing Short	8,962	2.6404  GBP
10 10/11p ordinary	SWAP	Increasing Short	18,100	2.6408  GBP
10 10/11p ordinary	SWAP	Increasing Short	1,151	2.6414  GBP
10 10/11p ordinary	SWAP	Increasing Short	5,568	2.6417  GBP
10 10/11p ordinary	SWAP	Increasing Short	5,300	2.6418  GBP
10 10/11p ordinary	SWAP	Increasing Short	1,228	2.6420  GBP
10 10/11p ordinary	SWAP	Increasing Short	7,861	2.6425  GBP
10 10/11p ordinary	SWAP	Increasing Short	750,000	2.6427  GBP
10 10/11p ordinary	SWAP	Increasing Short	500,000	2.6442  GBP
10 10/11p ordinary	SWAP	Increasing Short	87,037	2.6460  GBP
10 10/11p ordinary	SWAP	Increasing Short	51,856	2.6501  GBP
10 10/11p ordinary	CFD	Decreasing Short	3,886	2.6445  GBP
10 10/11p ordinary	CFD	Increasing Short	11,132	2.6416  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:				27 Feb 2025
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

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