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FORM 8.3 Amendment - this form replaces RNS number 4367N published at 14:31 on 18/06/2025, changes made to section 2a and 3a. |
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PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY |
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A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR |
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MORE |
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Rule 8.3 of the Takeover Code (the "Code") |
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1. |
KEY INFORMATION |
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(a) |
Full name of discloser: |
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Barclays PLC. |
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(b) |
Owner or controller of interest and short |
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positions disclosed, if different from 1(a): |
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(c) |
Name of offeror/offeree in relation to whose |
DIRECT LINE INSURANCE GROUP PLC |
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relevant securities this form relates: |
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(d) |
If an exempt fund manager connected with an |
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offeror/offeree, state this and specify identity of |
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offeror/offeree: |
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(e) |
Date position held/dealing undertaken: |
17 Jun 2025 |
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(f) |
In addition to the company in 1(c) above, is the discloser making |
YES: |
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disclosures in respect of any other party to the offer? |
AVIVA PLC |
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2. |
POSITIONS OF THE PERSON MAKING THE DISCLOSURE |
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(a) |
Interests and short positions in the relevant securities of the offeror or offeree |
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to which the disclosure relates following the dealing(if any) |
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Class of relevant security: |
10 10/11p ordinary |
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Interests |
Short Positions |
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Number |
(%) |
Number |
(%) |
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(1) |
Relevant securities owned |
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and/or controlled: |
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35,237,613 |
2.68% |
3,318,743 |
0.25% |
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(2) |
Cash-settled derivatives: |
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and/or controlled: |
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3,648,290 |
0.28% |
33,207,777 |
2.53% |
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(3) |
Stock-settled derivatives (including options) |
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and agreements to purchase/sell: |
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0 |
0.00% |
0 |
0.00% |
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TOTAL: |
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38,885,903 |
2.96% |
36,526,520 |
2.78% |
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(b) |
Rights to subscribe for new securities (including directors and other executive |
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options) |
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Class of relevant security in relation to |
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which subscription right exists |
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Details, including nature of the rights |
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concerned and relevant percentages: |
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3. |
DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER |
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(a) |
Purchases and sales |
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Class of relevant |
Purchase/sale |
Number of |
Price per unit |
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security |
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securities |
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10 10/11p ordinary |
Purchase |
1,500,000 |
3.0126 GBP |
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10 10/11p ordinary |
Purchase |
252,188 |
3.0263 GBP |
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10 10/11p ordinary |
Purchase |
171,375 |
3.0279 GBP |
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10 10/11p ordinary |
Purchase |
168,494 |
3.0260 GBP |
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10 10/11p ordinary |
Purchase |
130,458 |
3.0259 GBP |
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ADR |
Purchase |
81,888 |
16.2600 USD |
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10 10/11p ordinary |
Purchase |
57,698 |
3.0248 GBP |
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10 10/11p ordinary |
Purchase |
35,437 |
3.0266 GBP |
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10 10/11p ordinary |
Purchase |
33,290 |
3.0284 GBP |
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10 10/11p ordinary |
Purchase |
26,973 |
3.0240 GBP |
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10 10/11p ordinary |
Purchase |
22,376 |
3.0184 GBP |
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10 10/11p ordinary |
Purchase |
22,203 |
3.0265 GBP |
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10 10/11p ordinary |
Purchase |
21,988 |
3.0252 GBP |
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10 10/11p ordinary |
Purchase |
15,813 |
3.0275 GBP |
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10 10/11p ordinary |
Purchase |
14,167 |
3.0193 GBP |
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10 10/11p ordinary |
Purchase |
13,125 |
3.0264 GBP |
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10 10/11p ordinary |
Purchase |
11,487 |
3.0285 GBP |
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10 10/11p ordinary |
Purchase |
8,471 |
3.0280 GBP |
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10 10/11p ordinary |
Purchase |
7,208 |
3.0203 GBP |
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10 10/11p ordinary |
Purchase |
6,832 |
3.0267 GBP |
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10 10/11p ordinary |
Purchase |
6,670 |
3.0310 GBP |
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10 10/11p ordinary |
Purchase |
4,905 |
3.0198 GBP |
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10 10/11p ordinary |
Purchase |
4,895 |
3.0214 GBP |
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10 10/11p ordinary |
Purchase |
4,697 |
3.0233 GBP |
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10 10/11p ordinary |
Purchase |
4,682 |
3.0246 GBP |
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10 10/11p ordinary |
Purchase |
4,542 |
3.0283 GBP |
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10 10/11p ordinary |
Purchase |
3,119 |
3.0282 GBP |
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10 10/11p ordinary |
Purchase |
2,281 |
3.0270 GBP |
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10 10/11p ordinary |
Purchase |
281 |
2.9864 GBP |
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10 10/11p ordinary |
Sale |
6,340,790 |
3.0273 GBP |
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10 10/11p ordinary |
Sale |
2,905,623 |
3.0265 GBP |
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10 10/11p ordinary |
Sale |
344,866 |
3.0260 GBP |
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10 10/11p ordinary |
Sale |
177,410 |
3.0203 GBP |
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10 10/11p ordinary |
Sale |
149,938 |
3.0230 GBP |
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10 10/11p ordinary |
Sale |
111,230 |
3.0206 GBP |
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10 10/11p ordinary |
Sale |
86,877 |
3.0266 GBP |
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10 10/11p ordinary |
Sale |
72,590 |
3.0258 GBP |
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10 10/11p ordinary |
Sale |
58,399 |
3.0255 GBP |
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10 10/11p ordinary |
Sale |
48,468 |
3.0249 GBP |
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10 10/11p ordinary |
Sale |
37,821 |
3.0210 GBP |
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10 10/11p ordinary |
Sale |
33,286 |
3.0253 GBP |
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10 10/11p ordinary |
Sale |
27,237 |
3.0198 GBP |
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10 10/11p ordinary |
Sale |
14,478 |
3.0248 GBP |
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10 10/11p ordinary |
Sale |
6,670 |
3.0310 GBP |
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10 10/11p ordinary |
Sale |
6,297 |
3.0219 GBP |
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10 10/11p ordinary |
Sale |
5,489 |
3.0259 GBP |
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10 10/11p ordinary |
Sale |
3,529 |
3.0299 GBP |
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10 10/11p ordinary |
Sale |
2,908 |
3.0274 GBP |
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10 10/11p ordinary |
Sale |
2,654 |
3.0251 GBP |
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10 10/11p ordinary |
Sale |
997 |
3.0252 GBP |
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10 10/11p ordinary |
Sale |
822 |
3.0250 GBP |
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10 10/11p ordinary |
Sale |
759 |
3.0285 GBP |
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10 10/11p ordinary |
Sale |
674 |
3.0080 GBP |
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10 10/11p ordinary |
Sale |
328 |
3.0240 GBP |
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(b) |
Cash-settled derivative transactions |
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Class of |
Product |
Nature of dealing |
Number of |
Price per |
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relevant |
description |
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reference |
unit |
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security |
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securities |
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10 10/11p ordinary |
SWAP |
Increasing Short |
281 |
2.9864 GBP |
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10 10/11p ordinary |
SWAP |
Decreasing Short |
1,428 |
3.0079 GBP |
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10 10/11p ordinary |
SWAP |
Decreasing Short |
11 |
3.0140 GBP |
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10 10/11p ordinary |
SWAP |
Decreasing Short |
37,821 |
3.0210 GBP |
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10 10/11p ordinary |
SWAP |
Decreasing Short |
250,000 |
3.0219 GBP |
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10 10/11p ordinary |
SWAP |
Decreasing Short |
149,938 |
3.0230 GBP |
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10 10/11p ordinary |
SWAP |
Decreasing Short |
80,809 |
3.0235 GBP |
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10 10/11p ordinary |
SWAP |
Decreasing Short |
8,709 |
3.0240 GBP |
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10 10/11p ordinary |
SWAP |
Decreasing Short |
137 |
3.0246 GBP |
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10 10/11p ordinary |
SWAP |
Decreasing Short |
48,468 |
3.0249 GBP |
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10 10/11p ordinary |
SWAP |
Decreasing Short |
7,500 |
3.0253 GBP |
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10 10/11p ordinary |
SWAP |
Decreasing Short |
38,259 |
3.0258 GBP |
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10 10/11p ordinary |
SWAP |
Decreasing Short |
5,489 |
3.0259 GBP |
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10 10/11p ordinary |
SWAP |
Decreasing Short |
2,905,623 |
3.0265 GBP |
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10 10/11p ordinary |
SWAP |
Decreasing Short |
86,877 |
3.0266 GBP |
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10 10/11p ordinary |
SWAP |
Decreasing Short |
2,908 |
3.0274 GBP |
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10 10/11p ordinary |
SWAP |
Increasing Short |
22,574 |
3.0237 GBP |
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10 10/11p ordinary |
SWAP |
Increasing Short |
4,682 |
3.0246 GBP |
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10 10/11p ordinary |
SWAP |
Increasing Short |
21,120 |
3.0248 GBP |
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10 10/11p ordinary |
SWAP |
Increasing Short |
65,442 |
3.0252 GBP |
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10 10/11p ordinary |
SWAP |
Increasing Short |
107,100 |
3.0257 GBP |
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10 10/11p ordinary |
SWAP |
Increasing Short |
219,718 |
3.0260 GBP |
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10 10/11p ordinary |
SWAP |
Increasing Short |
123 |
3.0262 GBP |
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10 10/11p ordinary |
SWAP |
Increasing Short |
13,125 |
3.0264 GBP |
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10 10/11p ordinary |
SWAP |
Increasing Short |
87,244 |
3.0266 GBP |
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10 10/11p ordinary |
SWAP |
Increasing Short |
1,200 |
3.0270 GBP |
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10 10/11p ordinary |
SWAP |
Increasing Short |
6,691 |
3.0272 GBP |
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10 10/11p ordinary |
SWAP |
Increasing Short |
124,128 |
3.0278 GBP |
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10 10/11p ordinary |
SWAP |
Increasing Short |
38,728 |
3.0279 GBP |
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10 10/11p ordinary |
SWAP |
Increasing Short |
45,303 |
3.0282 GBP |
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10 10/11p ordinary |
SWAP |
Increasing Short |
4,542 |
3.0283 GBP |
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10 10/11p ordinary |
SWAP |
Increasing Short |
33,290 |
3.0284 GBP |
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10 10/11p ordinary |
SWAP |
Increasing Short |
11,487 |
3.0285 GBP |
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10 10/11p ordinary |
SWAP |
Increasing Short |
449 |
3.0300 GBP |
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10 10/11p ordinary |
CFD |
Decreasing Short |
15,300 |
3.0117 GBP |
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10 10/11p ordinary |
CFD |
Decreasing Short |
24,368 |
3.0193 GBP |
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10 10/11p ordinary |
CFD |
Decreasing Short |
912 |
3.0197 GBP |
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10 10/11p ordinary |
CFD |
Decreasing Short |
6,340,790 |
3.0273 GBP |
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10 10/11p ordinary |
CFD |
Increasing Short |
51,396 |
3.0190 GBP |
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10 10/11p ordinary |
CFD |
Increasing Short |
48,736 |
3.0193 GBP |
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10 10/11p ordinary |
CFD |
Increasing Short |
22,669 |
3.0204 GBP |
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10 10/11p ordinary |
CFD |
Increasing Short |
12,091 |
3.0205 GBP |
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10 10/11p ordinary |
CFD |
Increasing Short |
6,124 |
3.0206 GBP |
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10 10/11p ordinary |
CFD |
Increasing Short |
130,342 |
3.0268 GBP |
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10 10/11p ordinary |
CFD |
Increasing Short |
21,350 |
3.0278 GBP |
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(c) |
Stock-settled derivative transactions (including options) |
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(i) |
Writing, selling, purchasing or varying |
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Class |
Product |
Writing, |
Number |
Exercise |
Type |
Expiry |
Option |
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of |
description |
purchasing, |
of |
price |
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date |
money |
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relevant |
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selling, |
securities |
per unit |
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paid/ |
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security |
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varying etc |
to which |
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received |
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option |
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per unit |
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relates |
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(ii) |
Exercising |
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Class of relevant |
Product description |
Exercising/ exercised against |
Number of |
Exercise price per |
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security |
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securities |
unit |
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(d) |
Other dealings (including subscribing for new securities) |
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Class of relevant |
Nature of Dealings |
Details |
Price per unit (if |
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security |
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applicable) |
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4. |
OTHER INFORMATION |
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(a) |
Indemnity and other dealings arrangements |
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Details of any indemnity or option arrangement, or any agreement or understanding, |
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formal or informal, relating to relevant securities which may be an inducement to deal |
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or refrain from dealing entered into by the exempt principal trader making the disclosure and any party |
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to the offer or any person acting in concert with a party to the offer: |
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NONE |
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(b) |
Agreements, arrangements or understandings relating to options or derivatives |
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Details of any agreement, arrangement or understanding, formal or informal, between |
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the person making the disclosure and any other person relating to: |
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(i) the voting rights of any relevant securities under any option; or |
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(ii) the voting rights of future acquisition or disposal of any relevant securities to which |
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any derivative is referenced: |
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NONE |
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(c) |
Attachments |
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Is a Supplemental Form 8 (Open Positions) attached? |
NO |
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Date of disclosure: |
20 Jun 2025 |
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Contact name: |
Large Holdings Regulatory Operations |
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Telephone number: |
020 3134 7213 |
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Barclays PLC published an amended Form 8.3 disclosure on 20 June 2025, detailing its interests and dealings in DIRECT LINE INSURANCE GROUP PLC as of 17 June 2025, and also regarding AVIVA PLC. Following these dealings, Barclays PLC held a total interest of 38,885,903 (2.96%) and total short positions of 36,526,520 (2.78%) in Direct Line's 10 10/11p ordinary shares. Dealings on 17 June 2025 included the purchase of 2,504,818 Direct Line ordinary shares and 81,888 ADRs, the sale of 10,486,964 Direct Line ordinary shares, and various cash-settled derivative transactions.
| Date | 20 Jun 2025 |
| Time | 17:45:18 |
| Category | Holding(s) in company |
| ID | 8392N |