Source - LSE Regulatory
RNS Number : 3688E
Barclays PLC
09 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:

08 Apr 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:

35,429,183

2.70%

8,192,756

0.62%

(2) Cash-settled derivatives:

8,457,375

0.64%

34,439,064

2.63%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

43,886,558

3.35%

42,631,820

3.25%

(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

745,640

2.6452  GBP

10 10/11p ordinary

Purchase

552,303

2.6553  GBP

10 10/11p ordinary

Purchase

422,188

2.6620  GBP

10 10/11p ordinary

Purchase

221,225

2.6567  GBP

10 10/11p ordinary

Purchase

209,231

2.6524  GBP

10 10/11p ordinary

Purchase

144,810

2.6318  GBP

10 10/11p ordinary

Purchase

103,003

2.6612  GBP

10 10/11p ordinary

Purchase

98,633

2.6481  GBP

10 10/11p ordinary

Purchase

65,825

2.6480  GBP

10 10/11p ordinary

Purchase

58,032

2.6595  GBP

10 10/11p ordinary

Purchase

57,444

2.6529  GBP

10 10/11p ordinary

Purchase

50,434

2.6597  GBP

10 10/11p ordinary

Purchase

49,921

2.6692  GBP

10 10/11p ordinary

Purchase

26,085

2.6701  GBP

10 10/11p ordinary

Purchase

23,925

2.6468  GBP

10 10/11p ordinary

Purchase

18,010

2.6412  GBP

10 10/11p ordinary

Purchase

15,391

2.6522  GBP

10 10/11p ordinary

Purchase

13,577

2.6584  GBP

10 10/11p ordinary

Purchase

11,581

2.6360  GBP

10 10/11p ordinary

Purchase

11,094

2.6554  GBP

10 10/11p ordinary

Purchase

4,113

2.6640  GBP

10 10/11p ordinary

Purchase

2,646

2.6380  GBP

10 10/11p ordinary

Purchase

2,186

2.6580  GBP

10 10/11p ordinary

Purchase

2,051

2.6420  GBP

10 10/11p ordinary

Purchase

1,918

2.6260  GBP

10 10/11p ordinary

Purchase

1,810

2.6440  GBP

10 10/11p ordinary

Purchase

1,607

2.6600  GBP

10 10/11p ordinary

Purchase

1,102

2.6300  GBP

10 10/11p ordinary

Purchase

606

2.6240  GBP

10 10/11p ordinary

Purchase

471

2.6500  GBP

10 10/11p ordinary

Sale

949,414

2.6472  GBP

10 10/11p ordinary

Sale

213,147

2.6524  GBP

10 10/11p ordinary

Sale

194,859

2.6532  GBP

10 10/11p ordinary

Sale

63,744

2.6620  GBP

10 10/11p ordinary

Sale

28,619

2.6606  GBP

10 10/11p ordinary

Sale

28,336

2.6553  GBP

10 10/11p ordinary

Sale

24,487

2.6610  GBP

10 10/11p ordinary

Sale

21,128

2.6379  GBP

10 10/11p ordinary

Sale

19,691

2.6482  GBP

10 10/11p ordinary

Sale

15,445

2.6595  GBP

10 10/11p ordinary

Sale

12,470

2.6660  GBP

10 10/11p ordinary

Sale

8,668

2.6339  GBP

10 10/11p ordinary

Sale

4,113

2.6640  GBP

10 10/11p ordinary

Sale

3,885

2.6354  GBP

10 10/11p ordinary

Sale

3,317

2.6316  GBP

10 10/11p ordinary

Sale

3,157

2.6393  GBP

10 10/11p ordinary

Sale

3,140

2.6400  GBP

10 10/11p ordinary

Sale

2,873

2.6440  GBP

10 10/11p ordinary

Sale

2,646

2.6380  GBP

10 10/11p ordinary

Sale

2,611

2.6453  GBP

10 10/11p ordinary

Sale

2,186

2.6580  GBP

10 10/11p ordinary

Sale

2,123

2.6496  GBP

10 10/11p ordinary

Sale

2,051

2.6420  GBP

10 10/11p ordinary

Sale

1,918

2.6260  GBP

10 10/11p ordinary

Sale

1,797

2.6592  GBP

10 10/11p ordinary

Sale

1,672

2.6550  GBP

10 10/11p ordinary

Sale

1,607

2.6600  GBP

10 10/11p ordinary

Sale

1,102

2.6300  GBP

10 10/11p ordinary

Sale

606

2.6240  GBP

10 10/11p ordinary

Sale

471

2.6500  GBP

10 10/11p ordinary

Sale

213

2.6180  GBP

10 10/11p ordinary

Sale

161

2.6618  GBP

10 10/11p ordinary

Sale

22

2.6779  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

229,870

2.5660  GBP

10 10/11p ordinary

SWAP

Decreasing Short

4,600

2.6288  GBP

10 10/11p ordinary

SWAP

Decreasing Short

3,317

2.6316  GBP

10 10/11p ordinary

SWAP

Decreasing Short

8,668

2.6339  GBP

10 10/11p ordinary

SWAP

Decreasing Short

21,128

2.6379  GBP

10 10/11p ordinary

SWAP

Decreasing Short

191

2.6460  GBP

10 10/11p ordinary

SWAP

Decreasing Short

2,123

2.6496  GBP

10 10/11p ordinary

SWAP

Decreasing Short

3,916

2.6524  GBP

10 10/11p ordinary

SWAP

Decreasing Short

150,857

2.6540  GBP

10 10/11p ordinary

SWAP

Decreasing Short

28,336

2.6552  GBP

10 10/11p ordinary

SWAP

Decreasing Short

2,334

2.6580  GBP

10 10/11p ordinary

SWAP

Decreasing Short

28,501

2.6597  GBP

10 10/11p ordinary

SWAP

Decreasing Short

161

2.6617  GBP

10 10/11p ordinary

SWAP

Decreasing Short

1,581

2.6618  GBP

10 10/11p ordinary

SWAP

Decreasing Short

12,470

2.6660  GBP

10 10/11p ordinary

SWAP

Decreasing Short

24,019

2.6668  GBP

10 10/11p ordinary

SWAP

Decreasing Short

22

2.6779  GBP

10 10/11p ordinary

SWAP

Increasing Short

229,870

2.5660  GBP

10 10/11p ordinary

SWAP

Increasing Short

144,810

2.6318  GBP

10 10/11p ordinary

SWAP

Increasing Short

1,387

2.6536  GBP

10 10/11p ordinary

SWAP

Increasing Short

57,240

2.6552  GBP

10 10/11p ordinary

SWAP

Increasing Short

552,303

2.6553  GBP

10 10/11p ordinary

SWAP

Increasing Short

9,381

2.6554  GBP

10 10/11p ordinary

SWAP

Increasing Short

221,225

2.6567  GBP

10 10/11p ordinary

SWAP

Increasing Short

27,415

2.6577  GBP

10 10/11p ordinary

SWAP

Increasing Short

46,941

2.6588  GBP

10 10/11p ordinary

SWAP

Increasing Short

50,434

2.6597  GBP

10 10/11p ordinary

SWAP

Increasing Short

4,146

2.6610  GBP

10 10/11p ordinary

SWAP

Increasing Short

14,651

2.6613  GBP

10 10/11p ordinary

SWAP

Increasing Short

386,091

2.6620  GBP

10 10/11p ordinary

SWAP

Increasing Short

85,887

2.6621  GBP

10 10/11p ordinary

SWAP

Increasing Short

35,593

2.6686  GBP

10 10/11p ordinary

SWAP

Increasing Short

5,084

2.6701  GBP

10 10/11p ordinary

SWAP

Increasing Short

14,328

2.6706  GBP

10 10/11p ordinary

CFD

Decreasing Short

18,021

2.6329  GBP

10 10/11p ordinary

CFD

Decreasing Short

10,593

2.6544  GBP

10 10/11p ordinary

CFD

Increasing Short

7,945

2.6676  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:

09 Apr 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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