Source - LSE Regulatory
RNS Number : 7220B
Barclays PLC
21 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:

20 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:

34,851,636

2.66%

9,171,354

0.69%

(2) Cash-settled derivatives:

9,518,829

0.73%

33,856,041

2.58%

(3) Stock-settled derivatives (including options) and agreements to purchase/sell: 

0

0.00%

0

0.00%

 

 TOTAL:

 

44,370,465

3.38%

43,027,395

3.28%

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

980,657

2.8220  GBP

10 10/11p ordinary

Purchase

254,866

2.8221  GBP

10 10/11p ordinary

Purchase

172,397

2.8235  GBP

10 10/11p ordinary

Purchase

143,783

2.8237  GBP

10 10/11p ordinary

Purchase

31,392

2.8166  GBP

10 10/11p ordinary

Purchase

26,214

2.8219  GBP

10 10/11p ordinary

Purchase

15,027

2.8234  GBP

10 10/11p ordinary

Purchase

14,547

2.8195  GBP

10 10/11p ordinary

Purchase

6,877

2.8274  GBP

10 10/11p ordinary

Purchase

5,965

2.8289  GBP

10 10/11p ordinary

Purchase

5,721

2.8240  GBP

10 10/11p ordinary

Purchase

4,948

2.8238  GBP

10 10/11p ordinary

Purchase

3,636

2.8160  GBP

10 10/11p ordinary

Purchase

2,746

2.8202  GBP

10 10/11p ordinary

Purchase

2,040

2.8222  GBP

10 10/11p ordinary

Purchase

1,451

2.8360  GBP

10 10/11p ordinary

Purchase

1,055

2.8201  GBP

10 10/11p ordinary

Purchase

921

2.8180  GBP

10 10/11p ordinary

Purchase

877

2.8300  GBP

10 10/11p ordinary

Purchase

769

2.8229  GBP

10 10/11p ordinary

Purchase

35

2.8177  GBP

10 10/11p ordinary

Sale

252,392

2.8220  GBP

10 10/11p ordinary

Sale

143,324

2.8223  GBP

10 10/11p ordinary

Sale

56,945

2.8219  GBP

10 10/11p ordinary

Sale

50,105

2.8238  GBP

10 10/11p ordinary

Sale

47,310

2.8206  GBP

10 10/11p ordinary

Sale

41,939

2.8199  GBP

10 10/11p ordinary

Sale

35,417

2.8201  GBP

10 10/11p ordinary

Sale

30,117

2.8276  GBP

10 10/11p ordinary

Sale

23,482

2.8218  GBP

10 10/11p ordinary

Sale

16,620

2.8222  GBP

10 10/11p ordinary

Sale

15,940

2.8245  GBP

10 10/11p ordinary

Sale

15,122

2.8254  GBP

10 10/11p ordinary

Sale

13,580

2.8175  GBP

10 10/11p ordinary

Sale

11,600

2.8177  GBP

10 10/11p ordinary

Sale

9,663

2.8260  GBP

10 10/11p ordinary

Sale

9,240

2.8236  GBP

10 10/11p ordinary

Sale

5,827

2.8235  GBP

10 10/11p ordinary

Sale

4,247

2.8253  GBP

10 10/11p ordinary

Sale

3,686

2.8319  GBP

10 10/11p ordinary

Sale

3,634

2.8208  GBP

10 10/11p ordinary

Sale

2,628

2.8185  GBP

10 10/11p ordinary

Sale

2,545

2.8160  GBP

10 10/11p ordinary

Sale

2,336

2.8247  GBP

10 10/11p ordinary

Sale

1,574

2.8162  GBP

10 10/11p ordinary

Sale

1,118

2.8202  GBP

10 10/11p ordinary

Sale

877

2.8300  GBP

10 10/11p ordinary

Sale

777

2.8179  GBP

10 10/11p ordinary

Sale

574

2.8168  GBP

10 10/11p ordinary

Sale

509

2.8240  GBP

10 10/11p ordinary

Sale

401

2.8200  GBP

10 10/11p ordinary

Sale

292

2.8180  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

10,178

2.8159  GBP

10 10/11p ordinary

SWAP

Decreasing Short

5,500

2.8177  GBP

10 10/11p ordinary

SWAP

Decreasing Short

6,100

2.8178  GBP

10 10/11p ordinary

SWAP

Decreasing Short

777

2.8179  GBP

10 10/11p ordinary

SWAP

Decreasing Short

41,939

2.8199  GBP

10 10/11p ordinary

SWAP

Decreasing Short

35,417

2.8201  GBP

10 10/11p ordinary

SWAP

Decreasing Short

1,118

2.8202  GBP

10 10/11p ordinary

SWAP

Decreasing Short

4,112

2.8205  GBP

10 10/11p ordinary

SWAP

Decreasing Short

24,174

2.8208  GBP

10 10/11p ordinary

SWAP

Decreasing Short

8,225

2.8215  GBP

10 10/11p ordinary

SWAP

Decreasing Short

46,988

2.8216  GBP

10 10/11p ordinary

SWAP

Decreasing Short

24,474

2.8218  GBP

10 10/11p ordinary

SWAP

Decreasing Short

57,007

2.8219  GBP

10 10/11p ordinary

SWAP

Decreasing Short

240,172

2.8220  GBP

10 10/11p ordinary

SWAP

Decreasing Short

20,022

2.8222  GBP

10 10/11p ordinary

SWAP

Decreasing Short

54,595

2.8228  GBP

10 10/11p ordinary

SWAP

Decreasing Short

3,686

2.8319  GBP

10 10/11p ordinary

SWAP

Decreasing Short

27

2.8480  GBP

10 10/11p ordinary

SWAP

Increasing Short

32,236

2.8167  GBP

10 10/11p ordinary

SWAP

Increasing Short

35

2.8168  GBP

10 10/11p ordinary

SWAP

Increasing Short

14,547

2.8195  GBP

10 10/11p ordinary

SWAP

Increasing Short

13,657

2.8198  GBP

10 10/11p ordinary

SWAP

Increasing Short

51,915

2.8208  GBP

10 10/11p ordinary

SWAP

Increasing Short

206,699

2.8220  GBP

10 10/11p ordinary

SWAP

Increasing Short

1,196

2.8222  GBP

10 10/11p ordinary

SWAP

Increasing Short

3,048

2.8223  GBP

10 10/11p ordinary

SWAP

Increasing Short

38,247

2.8225  GBP

10 10/11p ordinary

SWAP

Increasing Short

147,222

2.8235  GBP

10 10/11p ordinary

SWAP

Increasing Short

135

2.8241  GBP

10 10/11p ordinary

SWAP

Increasing Short

2,547

2.8248  GBP

10 10/11p ordinary

SWAP

Increasing Short

6,877

2.8274  GBP

10 10/11p ordinary

SWAP

Increasing Short

3,896

2.8278  GBP

10 10/11p ordinary

SWAP

Increasing Short

5,965

2.8289  GBP

10 10/11p ordinary

SWAP

Increasing Short

11,526

2.8327  GBP

10 10/11p ordinary

CFD

Decreasing Short

50,088

2.8221  GBP

10 10/11p ordinary

CFD

Increasing Short

773

2.8261  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:

21 Mar 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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