RNS Number : 6517T
Barclays PLC
16 January 2025
 

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:

15 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:

10,886,098

0.83%

13,055,780

1.00%

(2) Cash-settled derivatives:

13,795,693

1.05%

10,763,219

0.82%

(3) Stock-settled derivatives (including options) and agreements to purchase/sell: 

0

0.00%

0

0.00%

 

 TOTAL:

 

24,681,791

1.88%

23,818,999

1.82%

 








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

1,000,000

2.5813  GBP

10 10/11p ordinary

Purchase

496,302

2.5841  GBP

10 10/11p ordinary

Purchase

436,675

2.5680  GBP

10 10/11p ordinary

Purchase

361,744

2.5955  GBP

10 10/11p ordinary

Purchase

258,465

2.5736  GBP

10 10/11p ordinary

Purchase

240,712

2.5851  GBP

10 10/11p ordinary

Purchase

223,191

2.5679  GBP

10 10/11p ordinary

Purchase

212,551

2.5867  GBP

10 10/11p ordinary

Purchase

158,789

2.5856  GBP

10 10/11p ordinary

Purchase

146,296

2.5998  GBP

10 10/11p ordinary

Purchase

124,172

2.5850  GBP

10 10/11p ordinary

Purchase

119,379

2.5859  GBP

10 10/11p ordinary

Purchase

34,002

2.5911  GBP

10 10/11p ordinary

Purchase

23,997

2.5868  GBP

10 10/11p ordinary

Purchase

20,989

2.5886  GBP

10 10/11p ordinary

Purchase

11,058

2.5860  GBP

10 10/11p ordinary

Purchase

9,539

2.5752  GBP

10 10/11p ordinary

Purchase

8,764

2.5760  GBP

10 10/11p ordinary

Purchase

7,026

2.6000  GBP

10 10/11p ordinary

Purchase

3,817

2.5921  GBP

10 10/11p ordinary

Purchase

3,397

2.5692  GBP

10 10/11p ordinary

Purchase

1,275

2.5660  GBP

10 10/11p ordinary

Purchase

1,260

2.5740  GBP

10 10/11p ordinary

Purchase

668

2.5720  GBP

10 10/11p ordinary

Purchase

655

2.5980  GBP

10 10/11p ordinary

Purchase

133

2.5920  GBP

10 10/11p ordinary

Purchase

80

2.5800  GBP

10 10/11p ordinary

Sale

618,685

2.5703  GBP

10 10/11p ordinary

Sale

404,045

2.5943  GBP

10 10/11p ordinary

Sale

345,369

2.5955  GBP

10 10/11p ordinary

Sale

231,172

2.6000  GBP

10 10/11p ordinary

Sale

214,551

2.5680  GBP

10 10/11p ordinary

Sale

212,500

2.5823  GBP

10 10/11p ordinary

Sale

183,213

2.5831  GBP

10 10/11p ordinary

Sale

86,900

2.5822  GBP

10 10/11p ordinary

Sale

74,791

2.5778  GBP

10 10/11p ordinary

Sale

32,322

2.5876  GBP

10 10/11p ordinary

Sale

27,688

2.5677  GBP

10 10/11p ordinary

Sale

25,500

2.5779  GBP

10 10/11p ordinary

Sale

18,200

2.5977  GBP

10 10/11p ordinary

Sale

18,063

2.5866  GBP

10 10/11p ordinary

Sale

15,699

2.5683  GBP

10 10/11p ordinary

Sale

15,260

2.5681  GBP

10 10/11p ordinary

Sale

15,101

2.5861  GBP

10 10/11p ordinary

Sale

14,154

2.5674  GBP

10 10/11p ordinary

Sale

9,020

2.5815  GBP

10 10/11p ordinary

Sale

6,491

2.5900  GBP

10 10/11p ordinary

Sale

6,476

2.5698  GBP

10 10/11p ordinary

Sale

3,835

2.5665  GBP

10 10/11p ordinary

Sale

2,915

2.5924  GBP

10 10/11p ordinary

Sale

2,852

2.5837  GBP

10 10/11p ordinary

Sale

2,347

2.5864  GBP

10 10/11p ordinary

Sale

2,239

2.5860  GBP

10 10/11p ordinary

Sale

1,584

2.5660  GBP

10 10/11p ordinary

Sale

1,200

2.5700  GBP

10 10/11p ordinary

Sale

325

2.5934  GBP

10 10/11p ordinary

Sale

133

2.5920  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 Long

74,791

2.5778  GBP

10 10/11p ordinary

SWAP

Increasing Long

25,500

2.5779  GBP

10 10/11p ordinary

SWAP

Increasing Long

86,900

2.5822  GBP

10 10/11p ordinary

SWAP

Increasing Long

395,713

2.5827  GBP

10 10/11p ordinary

SWAP

Increasing Long

2,852

2.5837  GBP

10 10/11p ordinary

SWAP

Increasing Long

41,648

2.5864  GBP

10 10/11p ordinary

SWAP

Increasing Long

16,659

2.5866  GBP

10 10/11p ordinary

SWAP

Increasing Long

2,776

2.5868  GBP

10 10/11p ordinary

SWAP

Increasing Long

325

2.5934  GBP

10 10/11p ordinary

SWAP

Increasing Long

18,200

2.5977  GBP

10 10/11p ordinary

SWAP

Increasing Long

82,530

2.5982  GBP

10 10/11p ordinary

SWAP

Increasing Long

49,778

2.5989  GBP

10 10/11p ordinary

SWAP

Increasing Long

78,322

2.5999  GBP

10 10/11p ordinary

SWAP

Increasing Long

75,167

2.6000  GBP

10 10/11p ordinary

SWAP

Decreasing Long

3,397

2.5692  GBP

10 10/11p ordinary

SWAP

Decreasing Long

1,000,000

2.5812  GBP

10 10/11p ordinary

SWAP

Decreasing Long

496,302

2.5841  GBP

10 10/11p ordinary

SWAP

Decreasing Long

53,669

2.5843  GBP

10 10/11p ordinary

SWAP

Decreasing Long

124,172

2.5850  GBP

10 10/11p ordinary

SWAP

Decreasing Long

119,628

2.5857  GBP

10 10/11p ordinary

SWAP

Decreasing Long

317,719

2.5867  GBP

10 10/11p ordinary

SWAP

Decreasing Long

84,038

2.5876  GBP

10 10/11p ordinary

SWAP

Decreasing Long

6,489

2.5897  GBP

10 10/11p ordinary

SWAP

Decreasing Long

34,002

2.5911  GBP

10 10/11p ordinary

SWAP

Decreasing Long

1,340

2.6000  GBP

10 10/11p ordinary

CFD

Increasing Short

15,895

2.5820  GBP

10 10/11p ordinary

CFD

Increasing Short

6,178

2.6000  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:

16 Jan 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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