Source - LSE Regulatory
RNS Number : 7589C
Barclays PLC
28 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:

27 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:

35,155,855

2.68%

7,647,719

0.58%

(2) Cash-settled derivatives:

7,942,320

0.61%

34,061,384

2.60%

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

0

0.00%

0

0.00%

 TOTAL:

43,098,175

3.29%

41,709,103

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

236,746

2.8190  GBP

10 10/11p ordinary

Purchase

139,810

2.8191  GBP

10 10/11p ordinary

Purchase

117,964

2.8196  GBP

10 10/11p ordinary

Purchase

103,119

2.8200  GBP

10 10/11p ordinary

Purchase

18,488

2.8158  GBP

10 10/11p ordinary

Purchase

17,750

2.8208  GBP

10 10/11p ordinary

Purchase

15,073

2.8215  GBP

10 10/11p ordinary

Purchase

11,779

2.8160  GBP

10 10/11p ordinary

Purchase

8,869

2.8197  GBP

10 10/11p ordinary

Purchase

8,856

2.8198  GBP

10 10/11p ordinary

Purchase

7,285

2.8151  GBP

10 10/11p ordinary

Purchase

3,750

2.8213  GBP

10 10/11p ordinary

Purchase

3,537

2.8220  GBP

10 10/11p ordinary

Purchase

2,738

2.8224  GBP

10 10/11p ordinary

Purchase

2,595

2.8176  GBP

10 10/11p ordinary

Purchase

2,439

2.8120  GBP

10 10/11p ordinary

Purchase

2,080

2.8099  GBP

10 10/11p ordinary

Purchase

1,912

2.8226  GBP

10 10/11p ordinary

Purchase

1,532

2.8240  GBP

10 10/11p ordinary

Purchase

576

2.8227  GBP

10 10/11p ordinary

Purchase

535

2.8140  GBP

10 10/11p ordinary

Purchase

340

2.8180  GBP

10 10/11p ordinary

Purchase

50

2.8040  GBP

10 10/11p ordinary

Sale

179,811

2.8200  GBP

10 10/11p ordinary

Sale

87,233

2.8202  GBP

10 10/11p ordinary

Sale

61,031

2.8188  GBP

10 10/11p ordinary

Sale

40,000

2.8175  GBP

10 10/11p ordinary

Sale

26,332

2.8167  GBP

10 10/11p ordinary

Sale

24,956

2.8176  GBP

10 10/11p ordinary

Sale

20,227

2.8190  GBP

10 10/11p ordinary

Sale

18,629

2.8171  GBP

10 10/11p ordinary

Sale

17,300

2.8114  GBP

10 10/11p ordinary

Sale

11,756

2.8173  GBP

10 10/11p ordinary

Sale

9,993

2.8119  GBP

10 10/11p ordinary

Sale

9,659

2.8183  GBP

10 10/11p ordinary

Sale

6,807

2.8134  GBP

10 10/11p ordinary

Sale

6,706

2.8184  GBP

10 10/11p ordinary

Sale

5,149

2.8180  GBP

10 10/11p ordinary

Sale

4,992

2.8177  GBP

10 10/11p ordinary

Sale

3,583

2.8192  GBP

10 10/11p ordinary

Sale

3,222

2.8229  GBP

10 10/11p ordinary

Sale

2,611

2.8135  GBP

10 10/11p ordinary

Sale

2,388

2.8122  GBP

10 10/11p ordinary

Sale

1,453

2.8128  GBP

10 10/11p ordinary

Sale

885

2.8158  GBP

10 10/11p ordinary

Sale

809

2.8172  GBP

10 10/11p ordinary

Sale

382

2.8120  GBP

10 10/11p ordinary

Sale

264

2.8239  GBP

10 10/11p ordinary

Sale

172

2.8140  GBP

10 10/11p ordinary

Sale

169

2.8230  GBP

10 10/11p ordinary

Sale

157

2.8201  GBP

10 10/11p ordinary

Sale

50

2.8040  GBP

10 10/11p ordinary

Sale

42

2.8159  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

11,900

2.8103  GBP

10 10/11p ordinary

SWAP

Decreasing Short

9,993

2.8119  GBP

10 10/11p ordinary

SWAP

Decreasing Short

2,388

2.8122  GBP

10 10/11p ordinary

SWAP

Decreasing Short

6,807

2.8134  GBP

10 10/11p ordinary

SWAP

Decreasing Short

2,611

2.8135  GBP

10 10/11p ordinary

SWAP

Decreasing Short

5,400

2.8138  GBP

10 10/11p ordinary

SWAP

Decreasing Short

18,629

2.8171  GBP

10 10/11p ordinary

SWAP

Decreasing Short

3,270

2.8173  GBP

10 10/11p ordinary

SWAP

Decreasing Short

2,857

2.8185  GBP

10 10/11p ordinary

SWAP

Decreasing Short

15,772

2.8195  GBP

10 10/11p ordinary

SWAP

Decreasing Short

8,351

2.8200  GBP

10 10/11p ordinary

SWAP

Decreasing Short

245

2.8228  GBP

10 10/11p ordinary

SWAP

Decreasing Short

3,283

2.8229  GBP

10 10/11p ordinary

SWAP

Decreasing Short

15

2.8480  GBP

10 10/11p ordinary

SWAP

Increasing Short

1,195

2.8157  GBP

10 10/11p ordinary

SWAP

Increasing Short

18,488

2.8158  GBP

10 10/11p ordinary

SWAP

Increasing Short

7,974

2.8160  GBP

10 10/11p ordinary

SWAP

Increasing Short

900

2.8173  GBP

10 10/11p ordinary

SWAP

Increasing Short

300

2.8180  GBP

10 10/11p ordinary

SWAP

Increasing Short

1,449

2.8182  GBP

10 10/11p ordinary

SWAP

Increasing Short

12,005

2.8185  GBP

10 10/11p ordinary

SWAP

Increasing Short

25,938

2.8193  GBP

10 10/11p ordinary

SWAP

Increasing Short

49,184

2.8196  GBP

10 10/11p ordinary

SWAP

Increasing Short

163,452

2.8200  GBP

10 10/11p ordinary

SWAP

Increasing Short

17,750

2.8208  GBP

10 10/11p ordinary

SWAP

Increasing Short

15,850

2.8217  GBP

10 10/11p ordinary

SWAP

Increasing Short

9,232

2.8236  GBP

10 10/11p ordinary

SWAP

Increasing Short

1,532

2.8240  GBP

10 10/11p ordinary

CFD

Decreasing Short

3,903

2.8110  GBP

10 10/11p ordinary

CFD

Increasing Short

11,166

2.8150  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:

28 Mar 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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