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:
|
20
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
AVIVA
|
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:
|
8,176,374
|
0.62%
|
14,054,003
|
1.07%
|
(2)
Cash-settled derivatives:
|
14,786,739
|
1.13%
|
7,605,052
|
0.58%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
22,963,113
|
1.75%
|
21,659,055
|
1.65%
|
|
|
|
|
|
|
|
|
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
|
474,885
|
2.4320 GBP
|
10 10/11p
ordinary
|
Purchase
|
76,002
|
2.4293 GBP
|
10 10/11p
ordinary
|
Purchase
|
74,599
|
2.4088 GBP
|
10 10/11p
ordinary
|
Purchase
|
70,024
|
2.4075 GBP
|
10 10/11p
ordinary
|
Purchase
|
68,038
|
2.4264 GBP
|
10 10/11p
ordinary
|
Purchase
|
31,360
|
2.4263 GBP
|
ADR
|
Purchase
|
20,000
|
12.1800 USD
|
10 10/11p
ordinary
|
Purchase
|
18,129
|
2.4317 GBP
|
10 10/11p
ordinary
|
Purchase
|
16,995
|
2.4086 GBP
|
10 10/11p
ordinary
|
Purchase
|
16,094
|
2.4097 GBP
|
10 10/11p
ordinary
|
Purchase
|
14,238
|
2.4154 GBP
|
10 10/11p
ordinary
|
Purchase
|
9,044
|
2.4095 GBP
|
10 10/11p
ordinary
|
Purchase
|
8,799
|
2.4137 GBP
|
10 10/11p
ordinary
|
Purchase
|
8,609
|
2.4193 GBP
|
10 10/11p
ordinary
|
Purchase
|
5,156
|
2.4067 GBP
|
10 10/11p
ordinary
|
Purchase
|
3,137
|
2.4100 GBP
|
10 10/11p
ordinary
|
Purchase
|
1,773
|
2.4200 GBP
|
10 10/11p
ordinary
|
Purchase
|
1,529
|
2.4247 GBP
|
10 10/11p
ordinary
|
Purchase
|
1,419
|
2.4070 GBP
|
10 10/11p
ordinary
|
Purchase
|
1,226
|
2.4107 GBP
|
10 10/11p
ordinary
|
Purchase
|
1,200
|
2.4220 GBP
|
10 10/11p
ordinary
|
Purchase
|
859
|
2.4080 GBP
|
10 10/11p
ordinary
|
Purchase
|
374
|
2.4187 GBP
|
10 10/11p
ordinary
|
Purchase
|
300
|
2.4099 GBP
|
10 10/11p
ordinary
|
Purchase
|
82
|
2.4040 GBP
|
10 10/11p
ordinary
|
Sale
|
822,734
|
2.4300 GBP
|
10 10/11p
ordinary
|
Sale
|
335,249
|
2.4320 GBP
|
10 10/11p
ordinary
|
Sale
|
311,903
|
2.4080 GBP
|
10 10/11p
ordinary
|
Sale
|
168,877
|
2.4108 GBP
|
10 10/11p
ordinary
|
Sale
|
130,837
|
2.4298 GBP
|
10 10/11p
ordinary
|
Sale
|
91,175
|
2.4056 GBP
|
10 10/11p
ordinary
|
Sale
|
86,672
|
2.4075 GBP
|
10 10/11p
ordinary
|
Sale
|
74,599
|
2.4087 GBP
|
10 10/11p
ordinary
|
Sale
|
57,519
|
2.4101 GBP
|
10 10/11p
ordinary
|
Sale
|
40,201
|
2.4076 GBP
|
10 10/11p
ordinary
|
Sale
|
9,395
|
2.4147 GBP
|
10 10/11p
ordinary
|
Sale
|
7,128
|
2.4061 GBP
|
10 10/11p
ordinary
|
Sale
|
5,790
|
2.4211 GBP
|
10 10/11p
ordinary
|
Sale
|
5,296
|
2.4141 GBP
|
10 10/11p
ordinary
|
Sale
|
5,109
|
2.4092 GBP
|
10 10/11p
ordinary
|
Sale
|
3,405
|
2.4120 GBP
|
10 10/11p
ordinary
|
Sale
|
1,955
|
2.4060 GBP
|
10 10/11p
ordinary
|
Sale
|
1,671
|
2.4100 GBP
|
10 10/11p
ordinary
|
Sale
|
1,360
|
2.4219 GBP
|
10 10/11p
ordinary
|
Sale
|
1,303
|
2.4034 GBP
|
10 10/11p
ordinary
|
Sale
|
935
|
2.4200 GBP
|
10 10/11p
ordinary
|
Sale
|
790
|
2.4079 GBP
|
10 10/11p
ordinary
|
Sale
|
670
|
2.4111 GBP
|
10 10/11p
ordinary
|
Sale
|
9
|
2.4260 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
|
83,853
|
2.4055 GBP
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
7,128
|
2.4061 GBP
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
7,322
|
2.4068 GBP
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
53,873
|
2.4074 GBP
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
790
|
2.4079 GBP
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
72,841
|
2.4086 GBP
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
57,519
|
2.4101 GBP
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
168,877
|
2.4108 GBP
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
5,790
|
2.4211 GBP
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
1,360
|
2.4219 GBP
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
3,387
|
2.4304 GBP
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
80,173
|
2.4319 GBP
|
10 10/11p
ordinary
|
SWAP
|
Increasing Long
|
608,503
|
2.4320 GBP
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
586
|
2.4058 GBP
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
123
|
2.4060 GBP
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
70,024
|
2.4075 GBP
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
9,044
|
2.4095 GBP
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
496
|
2.4170 GBP
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
374
|
2.4187 GBP
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
8,609
|
2.4193 GBP
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
38,312
|
2.4203 GBP
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
248
|
2.4204 GBP
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
78,017
|
2.4243 GBP
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
1,529
|
2.4247 GBP
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
12,229
|
2.4254 GBP
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
19,028
|
2.4268 GBP
|
10 10/11p
ordinary
|
SWAP
|
Decreasing Long
|
135,368
|
2.4320 GBP
|
10 10/11p
ordinary
|
CFD
|
Decreasing Short
|
14,962
|
2.4070 GBP
|
10 10/11p
ordinary
|
CFD
|
Decreasing Short
|
38,876
|
2.4318 GBP
|
10 10/11p
ordinary
|
CFD
|
Decreasing Short
|
107,136
|
2.4320 GBP
|
10 10/11p
ordinary
|
CFD
|
Increasing Short
|
80,000
|
2.4071 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:
|
23 Dec 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|