|
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:
|
10
Dec 2024
|
|
(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:
|
12,844,246
|
0.98%
|
15,330,513
|
1.17%
|
|
(2)
Cash-settled derivatives:
|
16,093,181
|
1.23%
|
10,194,671
|
0.78%
|
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
|
TOTAL:
|
28,937,427
|
2.21%
|
25,525,184
|
1.95%
|
|
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
|
234,009
|
2.4728 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
203,260
|
2.4700 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
150,997
|
2.4735 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
87,990
|
2.4717 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
84,434
|
2.4712 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
73,109
|
2.4835 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
64,115
|
2.4707 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
41,186
|
2.4842 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
22,739
|
2.4793 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
22,334
|
2.4798 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
20,790
|
2.4738 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
14,669
|
2.4790 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
11,542
|
2.4766 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
11,407
|
2.4820 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
10,836
|
2.4676 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
9,759
|
2.4740 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
8,234
|
2.4940 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
5,870
|
2.4772 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
5,366
|
2.4784 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
5,062
|
2.4838 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
4,307
|
2.4817 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
4,121
|
2.4800 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
3,693
|
2.4816 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
3,675
|
2.4919 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
2,430
|
2.4774 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
2,052
|
2.4859 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
1,973
|
2.4916 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
1,688
|
2.4670 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
1,375
|
2.4722 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
1,090
|
2.4649 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
1,039
|
2.4692 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
619
|
2.4736 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
222
|
2.4745 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
169
|
2.4780 GBP
|
|
10 10/11p
ordinary
|
Purchase
|
119
|
2.4860 GBP
|
|
10 10/11p
ordinary
|
Sale
|
346,941
|
2.4786 GBP
|
|
10 10/11p
ordinary
|
Sale
|
261,244
|
2.4718 GBP
|
|
10 10/11p
ordinary
|
Sale
|
250,000
|
2.4727 GBP
|
|
10 10/11p
ordinary
|
Sale
|
227,442
|
2.4710 GBP
|
|
10 10/11p
ordinary
|
Sale
|
175,427
|
2.4783 GBP
|
|
10 10/11p
ordinary
|
Sale
|
146,524
|
2.4773 GBP
|
|
10 10/11p
ordinary
|
Sale
|
124,211
|
2.4735 GBP
|
|
10 10/11p
ordinary
|
Sale
|
108,496
|
2.4745 GBP
|
|
10 10/11p
ordinary
|
Sale
|
103,340
|
2.4698 GBP
|
|
10 10/11p
ordinary
|
Sale
|
96,012
|
2.4789 GBP
|
|
10 10/11p
ordinary
|
Sale
|
91,966
|
2.4709 GBP
|
|
10 10/11p
ordinary
|
Sale
|
83,696
|
2.4749 GBP
|
|
10 10/11p
ordinary
|
Sale
|
68,553
|
2.4699 GBP
|
|
10 10/11p
ordinary
|
Sale
|
66,521
|
2.4820 GBP
|
|
10 10/11p
ordinary
|
Sale
|
63,904
|
2.4700 GBP
|
|
10 10/11p
ordinary
|
Sale
|
54,562
|
2.4775 GBP
|
|
10 10/11p
ordinary
|
Sale
|
39,412
|
2.4714 GBP
|
|
10 10/11p
ordinary
|
Sale
|
33,814
|
2.4746 GBP
|
|
10 10/11p
ordinary
|
Sale
|
33,590
|
2.4766 GBP
|
|
10 10/11p
ordinary
|
Sale
|
25,930
|
2.4740 GBP
|
|
10 10/11p
ordinary
|
Sale
|
21,451
|
2.4802 GBP
|
|
10 10/11p
ordinary
|
Sale
|
20,304
|
2.4770 GBP
|
|
10 10/11p
ordinary
|
Sale
|
18,456
|
2.4795 GBP
|
|
10 10/11p
ordinary
|
Sale
|
13,139
|
2.4661 GBP
|
|
10 10/11p
ordinary
|
Sale
|
12,781
|
2.4788 GBP
|
|
10 10/11p
ordinary
|
Sale
|
11,927
|
2.4787 GBP
|
|
10 10/11p
ordinary
|
Sale
|
11,003
|
2.4806 GBP
|
|
10 10/11p
ordinary
|
Sale
|
10,879
|
2.4763 GBP
|
|
10 10/11p
ordinary
|
Sale
|
10,785
|
2.4731 GBP
|
|
10 10/11p
ordinary
|
Sale
|
10,674
|
2.4724 GBP
|
|
10 10/11p
ordinary
|
Sale
|
9,837
|
2.4793 GBP
|
|
10 10/11p
ordinary
|
Sale
|
9,287
|
2.4725 GBP
|
|
10 10/11p
ordinary
|
Sale
|
8,642
|
2.4790 GBP
|
|
10 10/11p
ordinary
|
Sale
|
7,162
|
2.4716 GBP
|
|
10 10/11p
ordinary
|
Sale
|
6,168
|
2.4764 GBP
|
|
10 10/11p
ordinary
|
Sale
|
5,939
|
2.4720 GBP
|
|
10 10/11p
ordinary
|
Sale
|
5,511
|
2.4777 GBP
|
|
10 10/11p
ordinary
|
Sale
|
5,365
|
2.4791 GBP
|
|
10 10/11p
ordinary
|
Sale
|
4,806
|
2.4739 GBP
|
|
10 10/11p
ordinary
|
Sale
|
4,328
|
2.4703 GBP
|
|
10 10/11p
ordinary
|
Sale
|
3,884
|
2.4631 GBP
|
|
10 10/11p
ordinary
|
Sale
|
3,820
|
2.4772 GBP
|
|
10 10/11p
ordinary
|
Sale
|
3,337
|
2.4807 GBP
|
|
10 10/11p
ordinary
|
Sale
|
2,276
|
2.4768 GBP
|
|
10 10/11p
ordinary
|
Sale
|
2,190
|
2.4688 GBP
|
|
10 10/11p
ordinary
|
Sale
|
1,990
|
2.4785 GBP
|
|
10 10/11p
ordinary
|
Sale
|
1,614
|
2.4674 GBP
|
|
10 10/11p
ordinary
|
Sale
|
1,579
|
2.4708 GBP
|
|
10 10/11p
ordinary
|
Sale
|
1,508
|
2.4691 GBP
|
|
10 10/11p
ordinary
|
Sale
|
997
|
2.4800 GBP
|
|
10 10/11p
ordinary
|
Sale
|
772
|
2.4680 GBP
|
|
10 10/11p
ordinary
|
Sale
|
549
|
2.4796 GBP
|
|
10 10/11p
ordinary
|
Sale
|
169
|
2.4780 GBP
|
|
10 10/11p
ordinary
|
Sale
|
119
|
2.4860 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
|
46,800
|
2.4697 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
103,340
|
2.4698 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
38,216
|
2.4700 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
6,479
|
2.4716 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
250,000
|
2.4718 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
7,363
|
2.4725 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
250,000
|
2.4727 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
14,923
|
2.4729 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
33,814
|
2.4746 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
93,573
|
2.4747 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
43,745
|
2.4760 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
2,276
|
2.4768 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
37,427
|
2.4772 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
146,524
|
2.4773 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
52,078
|
2.4775 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
4,239
|
2.4779 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
175,427
|
2.4783 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
292,738
|
2.4786 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
12,781
|
2.4788 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
77,069
|
2.4789 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
9,837
|
2.4793 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
4,489
|
2.4795 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
3,224
|
2.4797 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
6,189
|
2.4799 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
117
|
2.4500 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
10,836
|
2.4676 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
72,374
|
2.4700 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
47,347
|
2.4717 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
20,790
|
2.4738 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
222
|
2.4745 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
713
|
2.4767 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
8,031
|
2.4778 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
632
|
2.4779 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
1,265
|
2.4797 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
73,109
|
2.4835 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
41,186
|
2.4842 GBP
|
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
2,052
|
2.4859 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Decreasing Short
|
2,298
|
2.4727 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Decreasing Short
|
2,588
|
2.4735 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Increasing Short
|
3,463
|
2.4701 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Increasing Short
|
11,278
|
2.4743 GBP
|
|
10 10/11p
ordinary
|
CFD
|
Increasing Short
|
4,838
|
2.4941 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:
|
11 Dec 2024
|
|
Contact name:
|
Large Holdings Regulatory
Operations
|
|
Telephone number:
|
020 3134
7213
|
