
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 |
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| 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 |
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| offeror/offeree, state this and specify identity of | ||||||
| offeror/offeree: | ||||||
(e) | Date position held/dealing undertaken: | 24 Jun 2025 | |||||
(f) | In addition to the company in 1(c) above, is the discloser making | YES: |
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| disclosures in respect of any other party to the offer? | AVIVA PLC |
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2. | POSITIONS OF THE PERSON MAKING THE DISCLOSURE | ||||||
(a) | Interests and short positions in the relevant securities of the offeror or offeree |
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| to which the disclosure relates following the dealing(if any) |
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Class of relevant security: | 10 10/11p ordinary | ||||||
| Interests | Short Positions | |||||
| Number | (%) | Number | (%) | |||
(1) | Relevant securities owned |
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| and/or controlled: |
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| 36,526,619 | 2.79% | 2,723,962 | 0.20% |
(2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 2,991,928 | 0.23% | 35,996,550 | 2.74% |
(3) | Stock-settled derivatives (including options) |
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| and agreements to purchase/sell: |
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| 0 | 0.00% | 0 | 0.00% |
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| TOTAL: |
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| 39,518,547 | 3.02% | 38,720,512 | 2.94% |
(b) | Rights to subscribe for new securities (including directors and other executive |
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| options) |
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Class of relevant security in relation to |
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which subscription right exists |
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Details, including nature of the rights |
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concerned and relevant percentages: |
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3. | DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER | ||||||
(a) | Purchases and sales |
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Class of relevant | Purchase/sale | Number of | Price per unit | ||||
security |
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10 10/11p ordinary | Purchase | 320,519 | 3.0608 GBP | ||||
10 10/11p ordinary | Purchase | 300,525 | 3.0780 GBP | ||||
10 10/11p ordinary | Purchase | 141,263 | 3.0663 GBP | ||||
10 10/11p ordinary | Purchase | 64,493 | 3.0580 GBP | ||||
10 10/11p ordinary | Purchase | 48,695 | 3.0736 GBP | ||||
10 10/11p ordinary | Purchase | 23,469 | 3.0730 GBP | ||||
10 10/11p ordinary | Purchase | 20,384 | 3.0591 GBP | ||||
10 10/11p ordinary | Purchase | 18,570 | 3.0720 GBP | ||||
10 10/11p ordinary | Purchase | 16,621 | 3.0694 GBP | ||||
10 10/11p ordinary | Purchase | 13,747 | 3.0725 GBP | ||||
10 10/11p ordinary | Purchase | 9,954 | 3.0751 GBP | ||||
10 10/11p ordinary | Purchase | 9,740 | 3.0713 GBP | ||||
10 10/11p ordinary | Purchase | 9,422 | 3.0735 GBP | ||||
10 10/11p ordinary | Purchase | 9,259 | 3.0714 GBP | ||||
10 10/11p ordinary | Purchase | 7,734 | 3.0744 GBP | ||||
10 10/11p ordinary | Purchase | 7,597 | 3.0745 GBP | ||||
10 10/11p ordinary | Purchase | 4,418 | 3.0674 GBP | ||||
10 10/11p ordinary | Purchase | 4,066 | 3.0722 GBP | ||||
10 10/11p ordinary | Purchase | 3,190 | 3.0700 GBP | ||||
10 10/11p ordinary | Purchase | 1,816 | 3.0679 GBP | ||||
10 10/11p ordinary | Purchase | 1,682 | 3.0740 GBP | ||||
10 10/11p ordinary | Purchase | 1,666 | 3.0660 GBP | ||||
10 10/11p ordinary | Purchase | 1,205 | 3.0786 GBP | ||||
10 10/11p ordinary | Purchase | 979 | 3.0719 GBP | ||||
10 10/11p ordinary | Purchase | 973 | 3.0791 GBP | ||||
10 10/11p ordinary | Purchase | 137 | 3.0690 GBP | ||||
10 10/11p ordinary | Sale | 115,865 | 3.0637 GBP | ||||
10 10/11p ordinary | Sale | 103,325 | 3.0580 GBP | ||||
10 10/11p ordinary | Sale | 101,966 | 3.0715 GBP | ||||
10 10/11p ordinary | Sale | 90,180 | 3.0623 GBP | ||||
10 10/11p ordinary | Sale | 59,894 | 3.0700 GBP | ||||
10 10/11p ordinary | Sale | 47,335 | 3.0698 GBP | ||||
10 10/11p ordinary | Sale | 26,269 | 3.0714 GBP | ||||
10 10/11p ordinary | Sale | 23,518 | 3.0579 GBP | ||||
10 10/11p ordinary | Sale | 20,963 | 3.0717 GBP | ||||
10 10/11p ordinary | Sale | 20,384 | 3.0591 GBP | ||||
10 10/11p ordinary | Sale | 19,538 | 3.0780 GBP | ||||
10 10/11p ordinary | Sale | 11,534 | 3.0736 GBP | ||||
10 10/11p ordinary | Sale | 8,051 | 3.0737 GBP | ||||
10 10/11p ordinary | Sale | 6,989 | 3.0664 GBP | ||||
10 10/11p ordinary | Sale | 6,908 | 3.0720 GBP | ||||
10 10/11p ordinary | Sale | 6,735 | 3.0718 GBP | ||||
10 10/11p ordinary | Sale | 6,137 | 3.0722 GBP | ||||
10 10/11p ordinary | Sale | 5,886 | 3.0695 GBP | ||||
10 10/11p ordinary | Sale | 5,248 | 3.0782 GBP | ||||
10 10/11p ordinary | Sale | 4,572 | 3.0660 GBP | ||||
10 10/11p ordinary | Sale | 2,979 | 3.0725 GBP | ||||
10 10/11p ordinary | Sale | 2,823 | 3.0734 GBP | ||||
10 10/11p ordinary | Sale | 2,705 | 3.0707 GBP | ||||
10 10/11p ordinary | Sale | 2,683 | 3.0693 GBP | ||||
10 10/11p ordinary | Sale | 2,552 | 3.0760 GBP | ||||
10 10/11p ordinary | Sale | 2,245 | 3.0730 GBP | ||||
10 10/11p ordinary | Sale | 2,237 | 3.0690 GBP | ||||
10 10/11p ordinary | Sale | 1,248 | 3.0719 GBP | ||||
10 10/11p ordinary | Sale | 949 | 3.0680 GBP | ||||
10 10/11p ordinary | Sale | 841 | 3.0740 GBP | ||||
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(b) | Cash-settled derivative transactions |
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Class of | Product | Nature of dealing | Number of | Price per | |||
relevant | description |
| reference | unit | |||
security |
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10 10/11p ordinary | SWAP | Increasing Short | 346,806 | 3.0668 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 21,375 | 3.0579 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 77,554 | 3.0580 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 107,144 | 3.0629 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 63,009 | 3.0667 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 51,546 | 3.0668 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 3,803 | 3.0675 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 949 | 3.0680 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 1,191 | 3.0690 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 47,156 | 3.0698 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 56,091 | 3.0702 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 1,248 | 3.0719 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 2,823 | 3.0734 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 8,721 | 3.0737 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 179 | 3.0765 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 19,538 | 3.0780 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 5,248 | 3.0782 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 240,999 | 3.0580 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 141,263 | 3.0663 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 4,066 | 3.0722 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 13,747 | 3.0725 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 24,969 | 3.0728 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 19,739 | 3.0730 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 16,306 | 3.0733 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 299,408 | 3.0780 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 1,205 | 3.0786 GBP | |||
10 10/11p ordinary | CFD | Decreasing Short | 93,284 | 3.0712 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 20,054 | 3.0582 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 50,000 | 3.0673 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 13,819 | 3.0724 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 28,063 | 3.0755 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 25,580 | 3.0757 GBP | |||
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(c) | Stock-settled derivative transactions (including options) |
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(i) | Writing, selling, purchasing or varying |
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Class | Product | Writing, | Number | Exercise | Type | Expiry | Option |
of | description | purchasing, | of | price |
| date | money |
relevant |
| selling, | securities | per unit |
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| paid/ |
security |
| varying etc | to which |
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| received |
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| option |
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| per unit |
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| relates |
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(ii) | Exercising |
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Class of relevant | Product description | Exercising/ exercised against | Number of | Exercise price per | |||
security |
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(d) | Other dealings (including subscribing for new securities) |
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Class of relevant | Nature of Dealings | Details | Price per unit (if | ||||
security |
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4. | OTHER INFORMATION | ||||||
(a) | Indemnity and other dealings arrangements |
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Details of any indemnity or option arrangement, or any agreement or understanding, |
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formal or informal, relating to relevant securities which may be an inducement to deal |
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or refrain from dealing entered into by the exempt principal trader making the disclosure and any party |
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to the offer or any person acting in concert with a party to the offer: |
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NONE | |||||||
(b) | Agreements, arrangements or understandings relating to options or derivatives |
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Details of any agreement, arrangement or understanding, formal or informal, between |
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the person making the disclosure and any other person relating to: |
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(i) the voting rights of any relevant securities under any option; or |
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(ii) the voting rights of future acquisition or disposal of any relevant securities to which |
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any derivative is referenced: |
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NONE | |||||||
(c) | Attachments |
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Is a Supplemental Form 8 (Open Positions) attached? | NO | ||||||
Date of disclosure: | 25 Jun 2025 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||
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