Source - LSE Regulatory
RNS Number : 5598C
Barclays PLC
27 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:

26 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:

35,152,789

2.68%

7,805,708

0.59%

(2) Cash-settled derivatives:

8,120,396

0.62%

33,998,469

2.59%

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

0

0.00%

0

0.00%

 TOTAL:

43,273,185

3.30%

41,804,177

3.18%

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

147,887

2.8362  GBP

10 10/11p ordinary

Purchase

111,120

2.8360  GBP

10 10/11p ordinary

Purchase

63,864

2.8411  GBP

10 10/11p ordinary

Purchase

63,634

2.8390  GBP

10 10/11p ordinary

Purchase

34,670

2.8359  GBP

10 10/11p ordinary

Purchase

22,683

2.8400  GBP

10 10/11p ordinary

Purchase

22,492

2.8405  GBP

10 10/11p ordinary

Purchase

16,761

2.8402  GBP

10 10/11p ordinary

Purchase

10,594

2.8435  GBP

10 10/11p ordinary

Purchase

4,761

2.8337  GBP

10 10/11p ordinary

Purchase

3,117

2.8412  GBP

10 10/11p ordinary

Purchase

1,539

2.8369  GBP

10 10/11p ordinary

Purchase

1,345

2.8398  GBP

10 10/11p ordinary

Purchase

1,022

2.8430  GBP

10 10/11p ordinary

Purchase

746

2.8332  GBP

10 10/11p ordinary

Purchase

444

2.8399  GBP

10 10/11p ordinary

Purchase

381

2.8424  GBP

10 10/11p ordinary

Purchase

40

2.8330  GBP

10 10/11p ordinary

Purchase

8

2.8420  GBP

10 10/11p ordinary

Sale

79,741

2.8360  GBP

10 10/11p ordinary

Sale

57,914

2.8379  GBP

10 10/11p ordinary

Sale

25,751

2.8380  GBP

10 10/11p ordinary

Sale

10,594

2.8435  GBP

10 10/11p ordinary

Sale

3,935

2.8319  GBP

10 10/11p ordinary

Sale

3,896

2.8385  GBP

10 10/11p ordinary

Sale

3,700

2.8373  GBP

10 10/11p ordinary

Sale

2,766

2.8400  GBP

10 10/11p ordinary

Sale

2,244

2.8376  GBP

10 10/11p ordinary

Sale

1,512

2.8340  GBP

10 10/11p ordinary

Sale

1,236

2.8344  GBP

10 10/11p ordinary

Sale

1,074

2.8320  GBP

10 10/11p ordinary

Sale

746

2.8332  GBP

10 10/11p ordinary

Sale

672

2.8430  GBP

10 10/11p ordinary

Sale

381

2.8427  GBP

10 10/11p ordinary

Sale

281

2.8440  GBP

10 10/11p ordinary

Sale

87

2.8500  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

3,935

2.8319  GBP

10 10/11p ordinary

SWAP

Decreasing Short

780

2.8320  GBP

10 10/11p ordinary

SWAP

Decreasing Short

581

2.8341  GBP

10 10/11p ordinary

SWAP

Decreasing Short

147

2.8342  GBP

10 10/11p ordinary

SWAP

Decreasing Short

17,867

2.8360  GBP

10 10/11p ordinary

SWAP

Decreasing Short

3,700

2.8373  GBP

10 10/11p ordinary

SWAP

Decreasing Short

2,244

2.8376  GBP

10 10/11p ordinary

SWAP

Decreasing Short

25,751

2.8380  GBP

10 10/11p ordinary

SWAP

Decreasing Short

3,896

2.8385  GBP

10 10/11p ordinary

SWAP

Increasing Short

1,800

2.8340  GBP

10 10/11p ordinary

SWAP

Increasing Short

143,281

2.8360  GBP

10 10/11p ordinary

SWAP

Increasing Short

4,100

2.8362  GBP

10 10/11p ordinary

SWAP

Increasing Short

2,439

2.8364  GBP

10 10/11p ordinary

SWAP

Increasing Short

182

2.8368  GBP

10 10/11p ordinary

SWAP

Increasing Short

123,570

2.8390  GBP

10 10/11p ordinary

SWAP

Increasing Short

1,345

2.8398  GBP

10 10/11p ordinary

SWAP

Increasing Short

22,590

2.8400  GBP

10 10/11p ordinary

SWAP

Increasing Short

16,761

2.8402  GBP

10 10/11p ordinary

SWAP

Increasing Short

22,533

2.8408  GBP

10 10/11p ordinary

SWAP

Increasing Short

21,761

2.8410  GBP

10 10/11p ordinary

SWAP

Increasing Short

650

2.8412  GBP

10 10/11p ordinary

CFD

Decreasing Short

8,279

2.8339  GBP

10 10/11p ordinary

CFD

Increasing Short

13,799

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:

27 Mar 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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END
 
 
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