
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: | 20 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: | 34,851,636 | 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% | |||
| 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% | |||
| 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 | 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 | Product description | Nature of dealing | Number of | Price per | |||
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 | ||||||
(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: | 21 Mar 2025 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 |
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