
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 |
| |||||
(c) | Name of offeror/offeree in relation to whose | DIRECT LINE INSURANCE GROUP PLC | |||||
(d) | If an exempt fund manager connected with an |
| |||||
(e) | Date position held/dealing undertaken: | 18 Mar 2025 | |||||
(f) | In addition to the company in 1(c) above, is the discloser making | YES: | |||||
2. | POSITIONS OF THE PERSON MAKING THE DISCLOSURE | ||||||
(a) | Interests and short positions in the relevant securities of the offeror or offeree | ||||||
Class of relevant security: | 10 10/11p ordinary | ||||||
| Interests | Short Positions | |||||
Number | (%) | Number | (%) | ||||
(1) Relevant securities owned and/or controlled: | 34,480,947 | 2.63% | 10,139,979 | 0.77% | |||
(2) Cash-settled derivatives: | 9,751,888 | 0.74% | 33,806,244 | 2.58% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
| 44,232,835 | 3.37% | 43,946,223 | 3.35% | |||
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% | |||
| 200,000 | 0.06% | 0 | 0.00% | |||
(b) | Rights to subscribe for new securities (including directors and | ||||||
Class of relevant security in relation to | | ||||||
Details, including nature of the rights | | ||||||
3. | DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE | ||||||
(a) | Purchase and sales | ||||||
Class of relevant | Purchase/sale | Number of | Price per unit | ||||
10 10/11p ordinary | Purchase | 241,104 | 2.8277 GBP | ||||
10 10/11p ordinary | Purchase | 186,283 | 2.8283 GBP | ||||
10 10/11p ordinary | Purchase | 131,661 | 2.8268 GBP | ||||
10 10/11p ordinary | Purchase | 106,328 | 2.8260 GBP | ||||
10 10/11p ordinary | Purchase | 44,113 | 2.8286 GBP | ||||
10 10/11p ordinary | Purchase | 33,319 | 2.8254 GBP | ||||
10 10/11p ordinary | Purchase | 30,662 | 2.8253 GBP | ||||
10 10/11p ordinary | Purchase | 13,828 | 2.8272 GBP | ||||
10 10/11p ordinary | Purchase | 6,772 | 2.8245 GBP | ||||
10 10/11p ordinary | Purchase | 6,392 | 2.8219 GBP | ||||
10 10/11p ordinary | Purchase | 5,862 | 2.8246 GBP | ||||
10 10/11p ordinary | Purchase | 2,620 | 2.8250 GBP | ||||
10 10/11p ordinary | Purchase | 2,617 | 2.8240 GBP | ||||
10 10/11p ordinary | Purchase | 2,604 | 2.8300 GBP | ||||
10 10/11p ordinary | Purchase | 2,325 | 2.8320 GBP | ||||
10 10/11p ordinary | Purchase | 2,044 | 2.8220 GBP | ||||
10 10/11p ordinary | Purchase | 1,051 | 2.8297 GBP | ||||
10 10/11p ordinary | Sale | 69,053 | 2.8247 GBP | ||||
10 10/11p ordinary | Sale | 30,894 | 2.8250 GBP | ||||
10 10/11p ordinary | Sale | 29,936 | 2.8234 GBP | ||||
10 10/11p ordinary | Sale | 16,932 | 2.8244 GBP | ||||
10 10/11p ordinary | Sale | 9,730 | 2.8236 GBP | ||||
10 10/11p ordinary | Sale | 9,247 | 2.8260 GBP | ||||
10 10/11p ordinary | Sale | 5,458 | 2.8240 GBP | ||||
10 10/11p ordinary | Sale | 3,500 | 2.8280 GBP | ||||
10 10/11p ordinary | Sale | 2,736 | 2.8242 GBP | ||||
10 10/11p ordinary | Sale | 2,726 | 2.8259 GBP | ||||
10 10/11p ordinary | Sale | 2,492 | 2.8228 GBP | ||||
10 10/11p ordinary | Sale | 2,132 | 2.8297 GBP | ||||
10 10/11p ordinary | Sale | 1,750 | 2.8270 GBP | ||||
10 10/11p ordinary | Sale | 1,688 | 2.8209 GBP | ||||
10 10/11p ordinary | Sale | 1,105 | 2.8300 GBP | ||||
10 10/11p ordinary | Sale | 502 | 2.8271 GBP | ||||
10 10/11p ordinary | Sale | 226 | 2.8979 GBP | ||||
10 10/11p ordinary | Sale | 172 | 2.8263 GBP | ||||
10 10/11p ordinary | Sale | 14 | 2.8222 GBP | ||||
10 10/11p ordinary | Sale | 1 | 2.8400 GBP | ||||
(b) | Cash-settled derivative transactions | ||||||
Class of | Product description | Nature of dealing | Number of | Price per | |||
10 10/11p ordinary | SWAP | Decreasing Short | 11,100 | 2.8202 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 14 | 2.8222 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 436 | 2.8234 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 1,130 | 2.8236 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 11,581 | 2.8238 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 2,736 | 2.8242 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 14,989 | 2.8247 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 23,584 | 2.8248 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 30,894 | 2.8250 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 15,949 | 2.8252 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 18,400 | 2.8253 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 2,726 | 2.8259 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 172 | 2.8264 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 4,408 | 2.8267 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 502 | 2.8271 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 4,316 | 2.8272 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 2,186 | 2.8297 GBP | |||
10 10/11p ordinary | SWAP | Decreasing Short | 29 | 2.8980 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 6,772 | 2.8245 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 55,100 | 2.8250 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 2,381 | 2.8253 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 16,870 | 2.8258 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 109,455 | 2.8260 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 17,467 | 2.8261 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 13,005 | 2.8264 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 79,576 | 2.8269 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 27,830 | 2.8272 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 218,734 | 2.8277 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 177,385 | 2.8283 GBP | |||
10 10/11p ordinary | SWAP | Increasing Short | 44,113 | 2.8286 GBP | |||
10 10/11p ordinary | CFD | Decreasing Short | 31,143 | 2.8238 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 43,085 | 2.8275 GBP | |||
10 10/11p ordinary | CFD | Increasing Short | 388 | 2.8421 GBP | |||
| | | | | | | |
(c) | Stock-settled derivative transactions | ||||||
(i) | Writing, selling, purchasing or varying | ||||||
Class | Product | Writing, | Number | Exercise | Type | Expiry | Option |
| | | | | | | |
| | | | | | | |
(ii) | Exercising |
| | | | | |
Class of relevant | Product description | Exercising/ exercised against | Number of | Exercise price per | |||
| | | | | |||
| | | | | | | |
(d) | Other dealings (including subscribing for | ||||||
Class of relevant | Nature of Dealings | Details | Price per unit (if | ||||
| | | | ||||
4. | OTHER INFORMATION | ||||||
(a) | Indemnity and other dealings arrangements | ||||||
Details of any indemnity or option arrangement, or any agreement or understanding, | |||||||
NONE | |||||||
(b) | Agreements, arrangements or understandings relating to options or | ||||||
Details of any agreement, arrangement or understanding, formal or informal, between | |||||||
NONE | |||||||
(c) | Attachments |
| | | | | |
Is a Supplemental Form 8 (Open Positions) attached? | NO | ||||||
Date of disclosure: | 19 Mar 2025 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 |
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