RNS Number : 8240T
Barclays PLC
17 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:

16 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:

10,821,415

0.83%

13,068,530

1.00%

(2) Cash-settled derivatives:

13,798,916

1.05%

10,693,776

0.82%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

24,620,331

1.88%

23,762,306

1.81%

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

214,174

2.6086  GBP

10 10/11p ordinary

Purchase

150,784

2.6179  GBP

10 10/11p ordinary

Purchase

124,408

2.6089  GBP

10 10/11p ordinary

Purchase

94,271

2.6177  GBP

10 10/11p ordinary

Purchase

63,168

2.6112  GBP

10 10/11p ordinary

Purchase

43,609

2.6180  GBP

10 10/11p ordinary

Purchase

40,725

2.6100  GBP

10 10/11p ordinary

Purchase

39,168

2.6133  GBP

10 10/11p ordinary

Purchase

38,962

2.6108  GBP

10 10/11p ordinary

Purchase

35,167

2.6019  GBP

10 10/11p ordinary

Purchase

29,829

2.6087  GBP

10 10/11p ordinary

Purchase

28,200

2.6037  GBP

ADR

Purchase

12,200

12.6480  USD

10 10/11p ordinary

Purchase

8,447

2.6097  GBP

10 10/11p ordinary

Purchase

8,099

2.6092  GBP

10 10/11p ordinary

Purchase

3,860

2.6046  GBP

10 10/11p ordinary

Purchase

2,778

2.6155  GBP

10 10/11p ordinary

Purchase

2,753

2.6140  GBP

10 10/11p ordinary

Purchase

2,725

2.6113  GBP

10 10/11p ordinary

Purchase

1,906

2.6120  GBP

10 10/11p ordinary

Purchase

1,829

2.6075  GBP

10 10/11p ordinary

Purchase

1,276

2.6020  GBP

10 10/11p ordinary

Purchase

1,077

2.6060  GBP

10 10/11p ordinary

Purchase

781

2.6040  GBP

10 10/11p ordinary

Purchase

429

2.6080  GBP

10 10/11p ordinary

Purchase

178

2.5980  GBP

10 10/11p ordinary

Sale

373,841

2.6165  GBP

10 10/11p ordinary

Sale

310,733

2.6180  GBP

10 10/11p ordinary

Sale

145,423

2.6137  GBP

10 10/11p ordinary

Sale

40,512

2.6037  GBP

10 10/11p ordinary

Sale

36,755

2.6006  GBP

10 10/11p ordinary

Sale

21,065

2.6082  GBP

10 10/11p ordinary

Sale

20,244

2.6100  GBP

10 10/11p ordinary

Sale

17,630

2.6130  GBP

ADR

Sale

12,200

12.6480  USD

10 10/11p ordinary

Sale

9,092

2.6197  GBP

10 10/11p ordinary

Sale

7,584

2.6107  GBP

10 10/11p ordinary

Sale

6,157

2.6101  GBP

10 10/11p ordinary

Sale

5,760

2.6063  GBP

10 10/11p ordinary

Sale

4,545

2.6105  GBP

10 10/11p ordinary

Sale

3,984

2.6125  GBP

10 10/11p ordinary

Sale

3,970

2.6111  GBP

10 10/11p ordinary

Sale

3,899

2.6020  GBP

10 10/11p ordinary

Sale

1,775

2.6099  GBP

10 10/11p ordinary

Sale

1,576

2.6040  GBP

10 10/11p ordinary

Sale

1,077

2.6060  GBP

10 10/11p ordinary

Sale

178

2.5980  GBP

10 10/11p ordinary

Sale

174

2.6080  GBP

10 10/11p ordinary

Sale

31

2.6143  GBP

10 10/11p ordinary

Sale

31

2.6140  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

36,755

2.6006  GBP

10 10/11p ordinary

SWAP

Increasing Long

23,300

2.6012  GBP

10 10/11p ordinary

SWAP

Increasing Long

795

2.6040  GBP

10 10/11p ordinary

SWAP

Increasing Long

12,986

2.6056  GBP

10 10/11p ordinary

SWAP

Increasing Long

1,775

2.6099  GBP

10 10/11p ordinary

SWAP

Increasing Long

6,157

2.6101  GBP

10 10/11p ordinary

SWAP

Increasing Long

104,400

2.6143  GBP

10 10/11p ordinary

SWAP

Increasing Long

95,992

2.6167  GBP

10 10/11p ordinary

SWAP

Increasing Long

256,761

2.6180  GBP

10 10/11p ordinary

SWAP

Decreasing Long

14,093

2.6053  GBP

10 10/11p ordinary

SWAP

Decreasing Long

255

2.6080  GBP

10 10/11p ordinary

SWAP

Decreasing Long

247,824

2.6086  GBP

10 10/11p ordinary

SWAP

Decreasing Long

42,407

2.6089  GBP

10 10/11p ordinary

SWAP

Decreasing Long

20,336

2.6090  GBP

10 10/11p ordinary

SWAP

Decreasing Long

34,780

2.6092  GBP

10 10/11p ordinary

SWAP

Decreasing Long

54,204

2.6111  GBP

10 10/11p ordinary

SWAP

Decreasing Long

26,013

2.6121  GBP

10 10/11p ordinary

SWAP

Decreasing Long

39,168

2.6133  GBP

10 10/11p ordinary

SWAP

Decreasing Long

1,922

2.6140  GBP

10 10/11p ordinary

SWAP

Decreasing Long

940

2.6174  GBP

10 10/11p ordinary

SWAP

Decreasing Long

2,555

2.6175  GBP

10 10/11p ordinary

SWAP

Decreasing Long

4,642

2.6180  GBP

10 10/11p ordinary

SWAP

Decreasing Long

1,985

2.6240  GBP

10 10/11p ordinary

CFD

Decreasing Short

12,669

2.6110  GBP

10 10/11p ordinary

CFD

Decreasing Short

12,200

2.6129  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:

17 Jan 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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