Source - LSE Regulatory
RNS Number : 5670E
Barclays PLC
10 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:

09 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:

35,485,233

2.71%

8,549,927

0.65%

(2) Cash-settled derivatives:

8,816,536

0.67%

34,473,365

2.63%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

44,301,769

3.38%

43,023,292

3.28%

(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

200,000

2.6048  GBP

10 10/11p ordinary

Purchase

106,393

2.6136  GBP

10 10/11p ordinary

Purchase

54,549

2.6200  GBP

10 10/11p ordinary

Purchase

32,751

2.6170  GBP

10 10/11p ordinary

Purchase

30,900

2.6137  GBP

10 10/11p ordinary

Purchase

26,332

2.6181  GBP

10 10/11p ordinary

Purchase

22,931

2.6084  GBP

10 10/11p ordinary

Purchase

19,981

2.6111  GBP

10 10/11p ordinary

Purchase

5,140

2.6043  GBP

10 10/11p ordinary

Purchase

3,200

2.6060  GBP

10 10/11p ordinary

Purchase

2,922

2.6120  GBP

10 10/11p ordinary

Purchase

2,260

2.6140  GBP

10 10/11p ordinary

Purchase

1,417

2.6150  GBP

10 10/11p ordinary

Purchase

1,041

2.6380  GBP

10 10/11p ordinary

Purchase

949

2.6042  GBP

10 10/11p ordinary

Purchase

648

2.6180  GBP

10 10/11p ordinary

Purchase

625

2.6240  GBP

10 10/11p ordinary

Purchase

607

2.6080  GBP

10 10/11p ordinary

Purchase

607

2.6079  GBP

10 10/11p ordinary

Purchase

174

2.6210  GBP

10 10/11p ordinary

Sale

269,268

2.6196  GBP

10 10/11p ordinary

Sale

252,301

2.6200  GBP

10 10/11p ordinary

Sale

85,698

2.6098  GBP

10 10/11p ordinary

Sale

80,436

2.6179  GBP

10 10/11p ordinary

Sale

21,927

2.6137  GBP

10 10/11p ordinary

Sale

15,725

2.6157  GBP

10 10/11p ordinary

Sale

13,492

2.6133  GBP

10 10/11p ordinary

Sale

11,617

2.6107  GBP

10 10/11p ordinary

Sale

8,131

2.6142  GBP

10 10/11p ordinary

Sale

8,023

2.6152  GBP

10 10/11p ordinary

Sale

7,803

2.6122  GBP

10 10/11p ordinary

Sale

6,139

2.6145  GBP

10 10/11p ordinary

Sale

5,636

2.6136  GBP

10 10/11p ordinary

Sale

5,380

2.6173  GBP

10 10/11p ordinary

Sale

5,237

2.6138  GBP

10 10/11p ordinary

Sale

4,900

2.6100  GBP

10 10/11p ordinary

Sale

3,965

2.6123  GBP

10 10/11p ordinary

Sale

2,045

2.6090  GBP

10 10/11p ordinary

Sale

1,705

2.6080  GBP

10 10/11p ordinary

Sale

1,514

2.6056  GBP

10 10/11p ordinary

Sale

1,200

2.6040  GBP

10 10/11p ordinary

Sale

822

2.6279  GBP

10 10/11p ordinary

Sale

718

2.6120  GBP

10 10/11p ordinary

Sale

424

2.6180  GBP

10 10/11p ordinary

Sale

352

2.6275  GBP

10 10/11p ordinary

Sale

87

2.6210  GBP

10 10/11p ordinary

Sale

3

2.5980  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

25,267

2.6134  GBP

10 10/11p ordinary

SWAP

Decreasing Short

3

2.5978  GBP

10 10/11p ordinary

SWAP

Decreasing Short

1,514

2.6056  GBP

10 10/11p ordinary

SWAP

Decreasing Short

17,523

2.6078  GBP

10 10/11p ordinary

SWAP

Decreasing Short

2,045

2.6090  GBP

10 10/11p ordinary

SWAP

Decreasing Short

85,698

2.6098  GBP

10 10/11p ordinary

SWAP

Decreasing Short

11,617

2.6107  GBP

10 10/11p ordinary

SWAP

Decreasing Short

1,497

2.6109  GBP

10 10/11p ordinary

SWAP

Decreasing Short

4,930

2.6112  GBP

10 10/11p ordinary

SWAP

Decreasing Short

3,965

2.6123  GBP

10 10/11p ordinary

SWAP

Decreasing Short

1,197

2.6140  GBP

10 10/11p ordinary

SWAP

Decreasing Short

8,131

2.6142  GBP

10 10/11p ordinary

SWAP

Decreasing Short

22,188

2.6158  GBP

10 10/11p ordinary

SWAP

Decreasing Short

58,687

2.6168  GBP

10 10/11p ordinary

SWAP

Decreasing Short

74,799

2.6183  GBP

10 10/11p ordinary

SWAP

Decreasing Short

341,100

2.6200  GBP

10 10/11p ordinary

SWAP

Decreasing Short

59,781

2.6203  GBP

10 10/11p ordinary

SWAP

Decreasing Short

822

2.6279  GBP

10 10/11p ordinary

SWAP

Decreasing Short

1,491

2.6300  GBP

10 10/11p ordinary

SWAP

Increasing Short

200,000

2.6048  GBP

10 10/11p ordinary

SWAP

Increasing Short

3,927

2.6059  GBP

10 10/11p ordinary

SWAP

Increasing Short

25,428

2.6079  GBP

10 10/11p ordinary

SWAP

Increasing Short

19,981

2.6111  GBP

10 10/11p ordinary

SWAP

Increasing Short

106,393

2.6136  GBP

10 10/11p ordinary

SWAP

Increasing Short

30,900

2.6137  GBP

10 10/11p ordinary

SWAP

Increasing Short

1,635

2.6140  GBP

10 10/11p ordinary

SWAP

Increasing Short

24,042

2.6150  GBP

10 10/11p ordinary

SWAP

Increasing Short

820

2.6160  GBP

10 10/11p ordinary

SWAP

Increasing Short

1,695

2.6200  GBP

10 10/11p ordinary

SWAP

Increasing Short

21,432

2.6201  GBP

10 10/11p ordinary

SWAP

Increasing Short

881

2.6246  GBP

10 10/11p ordinary

CFD

Decreasing Short

8,561

2.6101  GBP

10 10/11p ordinary

CFD

Decreasing Short

8,483

2.6124  GBP

10 10/11p ordinary

CFD

Decreasing Short

22,925

2.6267  GBP

10 10/11p ordinary

CFD

Decreasing Short

6,439

2.6285  GBP

10 10/11p ordinary

CFD

Increasing Short

6,669

2.6262  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:

10 Apr 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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END
 
 
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