Source - LSE Regulatory
RNS Number : 1999D
Barclays PLC
01 April 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:

31 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:

35,153,308

2.68%

7,810,069

0.59%

(2) Cash-settled derivatives:

7,999,077

0.61%

34,038,000

2.60%

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

0

0.00%

0

0.00%

 TOTAL: 

43,152,385

3.29%

41,848,069

3.19%

Class of relevant security:

Restricted Tier 1 Note XS1728036366


Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

0

0.00%

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: 

0

0.00%

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

200,598

2.8061  GBP

10 10/11p ordinary

Purchase

98,815

2.8120  GBP

10 10/11p ordinary

Purchase

88,588

2.8108  GBP

10 10/11p ordinary

Purchase

87,748

2.8114  GBP

10 10/11p ordinary

Purchase

30,248

2.8092  GBP

10 10/11p ordinary

Purchase

13,030

2.8067  GBP

10 10/11p ordinary

Purchase

8,245

2.8100  GBP

10 10/11p ordinary

Purchase

6,943

2.8020  GBP

10 10/11p ordinary

Purchase

3,931

2.8125  GBP

10 10/11p ordinary

Purchase

3,825

2.8075  GBP

10 10/11p ordinary

Purchase

3,723

2.8040  GBP

10 10/11p ordinary

Purchase

3,555

2.8080  GBP

10 10/11p ordinary

Purchase

3,528

2.8105  GBP

10 10/11p ordinary

Purchase

2,247

2.8000  GBP

10 10/11p ordinary

Purchase

2,000

2.8060  GBP

10 10/11p ordinary

Purchase

1,585

2.8117  GBP

10 10/11p ordinary

Purchase

929

2.8260  GBP

10 10/11p ordinary

Purchase

594

2.8050  GBP

10 10/11p ordinary

Purchase

100

2.8058  GBP

10 10/11p ordinary

Sale

73,888

2.8083  GBP

10 10/11p ordinary

Sale

67,382

2.8037  GBP

10 10/11p ordinary

Sale

59,349

2.8096  GBP

10 10/11p ordinary

Sale

50,528

2.8041  GBP

10 10/11p ordinary

Sale

46,410

2.8105  GBP

10 10/11p ordinary

Sale

42,118

2.8056  GBP

10 10/11p ordinary

Sale

41,895

2.8121  GBP

10 10/11p ordinary

Sale

41,715

2.8120  GBP

10 10/11p ordinary

Sale

40,120

2.8053  GBP

10 10/11p ordinary

Sale

24,541

2.8063  GBP

10 10/11p ordinary

Sale

22,641

2.8074  GBP

10 10/11p ordinary

Sale

11,003

2.8093  GBP

10 10/11p ordinary

Sale

10,704

2.8062  GBP

10 10/11p ordinary

Sale

10,382

2.8072  GBP

10 10/11p ordinary

Sale

9,082

2.8090  GBP

10 10/11p ordinary

Sale

8,551

2.8077  GBP

10 10/11p ordinary

Sale

7,827

2.8078  GBP

10 10/11p ordinary

Sale

7,127

2.8020  GBP

10 10/11p ordinary

Sale

6,902

2.8071  GBP

10 10/11p ordinary

Sale

6,549

2.8104  GBP

10 10/11p ordinary

Sale

5,110

2.8128  GBP

10 10/11p ordinary

Sale

4,990

2.8047  GBP

10 10/11p ordinary

Sale

4,943

2.8107  GBP

10 10/11p ordinary

Sale

4,735

2.8057  GBP

10 10/11p ordinary

Sale

3,700

2.8060  GBP

10 10/11p ordinary

Sale

3,463

2.8040  GBP

10 10/11p ordinary

Sale

3,342

2.8080  GBP

10 10/11p ordinary

Sale

3,342

2.8087  GBP

10 10/11p ordinary

Sale

2,247

2.8000  GBP

10 10/11p ordinary

Sale

1,341

2.8075  GBP

10 10/11p ordinary

Sale

1,098

2.8100  GBP

10 10/11p ordinary

Sale

976

2.8160  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

23,600

2.8036  GBP

10 10/11p ordinary

SWAP

Decreasing Short

59,678

2.8037  GBP

10 10/11p ordinary

SWAP

Decreasing Short

16,401

2.8041  GBP

10 10/11p ordinary

SWAP

Decreasing Short

111

2.8059  GBP

10 10/11p ordinary

SWAP

Decreasing Short

23,766

2.8061  GBP

10 10/11p ordinary

SWAP

Decreasing Short

41,459

2.8063  GBP

10 10/11p ordinary

SWAP

Decreasing Short

8,319

2.8073  GBP

10 10/11p ordinary

SWAP

Decreasing Short

53,800

2.8078  GBP

10 10/11p ordinary

SWAP

Decreasing Short

11,003

2.8093  GBP

10 10/11p ordinary

SWAP

Decreasing Short

4,943

2.8107  GBP

10 10/11p ordinary

SWAP

Decreasing Short

34,770

2.8120  GBP

10 10/11p ordinary

SWAP

Decreasing Short

5,110

2.8128  GBP

10 10/11p ordinary

SWAP

Decreasing Short

65

2.8220  GBP

10 10/11p ordinary

SWAP

Increasing Short

100

2.8058  GBP

10 10/11p ordinary

SWAP

Increasing Short

3,359

2.8060  GBP

10 10/11p ordinary

SWAP

Increasing Short

7,576

2.8070  GBP

10 10/11p ordinary

SWAP

Increasing Short

375

2.8080  GBP

10 10/11p ordinary

SWAP

Increasing Short

30,248

2.8092  GBP

10 10/11p ordinary

SWAP

Increasing Short

600

2.8100  GBP

10 10/11p ordinary

SWAP

Increasing Short

7,389

2.8101  GBP

10 10/11p ordinary

SWAP

Increasing Short

3,528

2.8105  GBP

10 10/11p ordinary

SWAP

Increasing Short

76,801

2.8110  GBP

10 10/11p ordinary

SWAP

Increasing Short

93,440

2.8120  GBP

10 10/11p ordinary

SWAP

Increasing Short

80,161

2.8121  GBP

10 10/11p ordinary

SWAP

Increasing Short

929

2.8261  GBP

10 10/11p ordinary

CFD

Decreasing Short

5,696

2.8065  GBP

10 10/11p ordinary

CFD

Decreasing Short

8,336

2.8091  GBP

10 10/11p ordinary

CFD

Increasing Short

11,787

2.8101  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:

01 Apr 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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END
 
 
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