Source - LSE Regulatory
RNS Number : 3348B
Barclays PLC
19 March 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:

18 Mar 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:

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%

 

 TOTAL:

 

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%

 

 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

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

 relevant

 security

Product  description

Nature of dealing

Number of

 reference

 securities

Price per

 unit

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

 (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:

19 Mar 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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END
 
 
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