RNS Number : 2905G
Barclays PLC
25 April 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:

24 Apr 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:

38,518,168

2.94%

5,800,541

0.44%

(2) Cash-settled derivatives:

6,062,715

0.46%

37,624,630

2.87%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

44,580,883

3.40%

43,425,171

3.31%

(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

433,500

2.7899  GBP

10 10/11p ordinary

Purchase

255,000

2.7957  GBP

10 10/11p ordinary

Purchase

250,000

2.7840  GBP

10 10/11p ordinary

Purchase

250,000

2.7918  GBP

10 10/11p ordinary

Purchase

180,080

2.7844  GBP

10 10/11p ordinary

Purchase

95,772

2.7910  GBP

10 10/11p ordinary

Purchase

80,646

2.7900  GBP

10 10/11p ordinary

Purchase

48,951

2.7950  GBP

10 10/11p ordinary

Purchase

47,717

2.7778  GBP

10 10/11p ordinary

Purchase

43,241

2.7928  GBP

10 10/11p ordinary

Purchase

33,911

2.7853  GBP

10 10/11p ordinary

Purchase

22,917

2.7962  GBP

10 10/11p ordinary

Purchase

21,098

2.7880  GBP

10 10/11p ordinary

Purchase

20,034

2.7842  GBP

10 10/11p ordinary

Purchase

9,616

2.7871  GBP

10 10/11p ordinary

Purchase

8,391

2.7854  GBP

10 10/11p ordinary

Purchase

5,569

2.7887  GBP

10 10/11p ordinary

Purchase

5,482

2.7903  GBP

10 10/11p ordinary

Purchase

4,943

2.7908  GBP

10 10/11p ordinary

Purchase

3,833

2.7920  GBP

10 10/11p ordinary

Purchase

3,289

2.7860  GBP

10 10/11p ordinary

Purchase

3,121

2.7800  GBP

10 10/11p ordinary

Purchase

2,842

2.7812  GBP

10 10/11p ordinary

Purchase

2,769

2.7917  GBP

10 10/11p ordinary

Purchase

2,450

2.7818  GBP

10 10/11p ordinary

Purchase

2,137

2.7843  GBP

10 10/11p ordinary

Purchase

2,098

2.7830  GBP

10 10/11p ordinary

Purchase

1,233

2.7960  GBP

10 10/11p ordinary

Purchase

999

2.7820  GBP

10 10/11p ordinary

Purchase

930

2.7914  GBP

10 10/11p ordinary

Purchase

815

2.7687  GBP

10 10/11p ordinary

Purchase

810

2.7780  GBP

10 10/11p ordinary

Purchase

269

2.7882  GBP

10 10/11p ordinary

Sale

196,619

2.7836  GBP

10 10/11p ordinary

Sale

100,472

2.7800  GBP

10 10/11p ordinary

Sale

48,371

2.7807  GBP

10 10/11p ordinary

Sale

47,134

2.7779  GBP

10 10/11p ordinary

Sale

36,589

2.7830  GBP

10 10/11p ordinary

Sale

36,252

2.7913  GBP

10 10/11p ordinary

Sale

31,425

2.7855  GBP

10 10/11p ordinary

Sale

23,208

2.7774  GBP

10 10/11p ordinary

Sale

17,400

2.7892  GBP

10 10/11p ordinary

Sale

12,512

2.7757  GBP

10 10/11p ordinary

Sale

9,461

2.7760  GBP

10 10/11p ordinary

Sale

6,321

2.7796  GBP

10 10/11p ordinary

Sale

5,206

2.7884  GBP

10 10/11p ordinary

Sale

4,964

2.7857  GBP

10 10/11p ordinary

Sale

4,595

2.7886  GBP

10 10/11p ordinary

Sale

3,335

2.7814  GBP

10 10/11p ordinary

Sale

2,374

2.7765  GBP

10 10/11p ordinary

Sale

2,179

2.7889  GBP

10 10/11p ordinary

Sale

2,083

2.7740  GBP

10 10/11p ordinary

Sale

1,986

2.7770  GBP

10 10/11p ordinary

Sale

1,225

2.7818  GBP

10 10/11p ordinary

Sale

930

2.7917  GBP

10 10/11p ordinary

Sale

815

2.7690  GBP

10 10/11p ordinary

Sale

705

2.7900  GBP

10 10/11p ordinary

Sale

270

2.7799  GBP

10 10/11p ordinary

Sale

269

2.7885  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

433,500

2.7899  GBP

10 10/11p ordinary

SWAP

Increasing Short

255,000

2.7957  GBP

10 10/11p ordinary

SWAP

Decreasing Short

13,031

2.7768  GBP

10 10/11p ordinary

SWAP

Decreasing Short

12,667

2.7771  GBP

10 10/11p ordinary

SWAP

Decreasing Short

47,134

2.7779  GBP

10 10/11p ordinary

SWAP

Decreasing Short

8,306

2.7800  GBP

10 10/11p ordinary

SWAP

Decreasing Short

1,669

2.7805  GBP

10 10/11p ordinary

SWAP

Decreasing Short

48,271

2.7807  GBP

10 10/11p ordinary

SWAP

Decreasing Short

196,619

2.7836  GBP

10 10/11p ordinary

SWAP

Decreasing Short

100

2.7859  GBP

10 10/11p ordinary

SWAP

Increasing Short

15,153

2.7800  GBP

10 10/11p ordinary

SWAP

Increasing Short

26,114

2.7801  GBP

10 10/11p ordinary

SWAP

Increasing Short

2,098

2.7830  GBP

10 10/11p ordinary

SWAP

Increasing Short

9,770

2.7831  GBP

10 10/11p ordinary

SWAP

Increasing Short

250,000

2.7840  GBP

10 10/11p ordinary

SWAP

Increasing Short

34,619

2.7877  GBP

10 10/11p ordinary

SWAP

Increasing Short

2

2.7880  GBP

10 10/11p ordinary

SWAP

Increasing Short

8,251

2.7891  GBP

10 10/11p ordinary

SWAP

Increasing Short

11,838

2.7895  GBP

10 10/11p ordinary

SWAP

Increasing Short

90,501

2.7910  GBP

10 10/11p ordinary

SWAP

Increasing Short

295,767

2.7918  GBP

10 10/11p ordinary

SWAP

Increasing Short

43,241

2.7928  GBP

10 10/11p ordinary

SWAP

Increasing Short

48,951

2.7950  GBP

10 10/11p ordinary

CFD

Decreasing Short

13,037

2.7771  GBP

10 10/11p ordinary

CFD

Decreasing Short

11,076

2.7906  GBP

10 10/11p ordinary

CFD

Increasing Short

2,842

2.7812  GBP

10 10/11p ordinary

CFD

Increasing Short

1,225

2.7819  GBP

10 10/11p ordinary

CFD

Increasing Short

1,949

2.7860  GBP

10 10/11p ordinary

CFD

Increasing Short

55,002

2.7872  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:

25 Apr 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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