4 Mar 2024 12:18
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: | Â | Barclays PLC. | ||||
(b) | Owner or controller of interest and short | Â | |||||
 | positions disclosed, if different from 1(a): | ||||||
(c) | Name of offeror/offeree in relation to whose | DIRECT LINE INSURANCE GROUP PLC | |||||
 | relevant securities this form relates: | ||||||
(d) | If an exempt fund manager connected with an | Â | |||||
 | offeror/offeree, state this and specify identity of | ||||||
 | offeror/offeree: | ||||||
(e) | Date position held/dealing undertaken: | 01 Mar 2024 | |||||
(f) | In addition to the company in 1(c) above, is the discloser making | YES: | Â | Â | |||
 | disclosures in respect of any other party to the offer? | AGEAS SA/NV |  | ||||
2. | POSITIONS OF THE PERSON MAKING THE DISCLOSURE | ||||||
(a) | Interests and short positions in the relevant securities of the offeror or offeree | Â | |||||
 | to which the disclosure relates following the dealing(if any) |  | |||||
Class of relevant security: | Ordinary 10 10/11p | ||||||
 | Interests | Short Positions | |||||
 | Number | (%) | Number | (%) | |||
(1) | Relevant securities owned | Â | Â | Â | Â | ||
 | and/or controlled: |  |  | 18,019,984 | 1.37% | 14,226,400 | 1.08% |
(2) | Cash-settled derivatives: | Â | Â | Â | Â | ||
 | and/or controlled: |  |  | 4,330,021 | 0.33% | 16,446,340 | 1.25% |
(3) | Stock-settled derivatives (including options) | Â | Â | Â | Â | ||
 | and agreements to purchase/sell: |  |  | 0 | 0.00% | 0 | 0.00% |
 |  |  |  |  |  |  |  |
 | TOTAL: |  |  | 22,350,005 | 1.70% | 30,672,740 | 2.34% |
(b) | Rights to subscribe for new securities (including directors and other executive | Â | |||||
 | options) |  |  |  |  |  |  |
Class of relevant security in relation to | Â | Â | Â | Â | |||
which subscription right exists | Â | Â | Â | Â | |||
Details, including nature of the rights | Â | Â | Â | Â | |||
concerned and relevant percentages: | Â | Â | Â | Â | |||
3. | DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER | ||||||
(a) | Purchases and sales | Â | Â | Â | Â | Â | |
Class of relevant | Purchase/sale | Number of | Price per unit | ||||
security | Â | securities | Â | ||||
Ordinary 10 10/11p | Purchase | 334,344 | 2.0692 GBP | ||||
Ordinary 10 10/11p | Purchase | 273,545 | 2.0770 GBP | ||||
Ordinary 10 10/11p | Purchase | 263,864 | 2.0764 GBP | ||||
Ordinary 10 10/11p | Purchase | 250,000 | 2.0590 GBP | ||||
Ordinary 10 10/11p | Purchase | 193,194 | 2.0611 GBP | ||||
Ordinary 10 10/11p | Purchase | 157,369 | 2.0566 GBP | ||||
Ordinary 10 10/11p | Purchase | 80,258 | 2.0629 GBP | ||||
Ordinary 10 10/11p | Purchase | 67,000 | 2.0741 GBP | ||||
Ordinary 10 10/11p | Purchase | 65,967 | 2.0771 GBP | ||||
Ordinary 10 10/11p | Purchase | 37,743 | 2.0713 GBP | ||||
Ordinary 10 10/11p | Purchase | 27,873 | 2.0803 GBP | ||||
Ordinary 10 10/11p | Purchase | 25,704 | 2.0792 GBP | ||||
Ordinary 10 10/11p | Purchase | 22,338 | 2.0694 GBP | ||||
Ordinary 10 10/11p | Purchase | 20,808 | 2.0429 GBP | ||||
Ordinary 10 10/11p | Purchase | 20,196 | 2.0710 GBP | ||||
Ordinary 10 10/11p | Purchase | 20,196 | 2.0617 GBP | ||||
Ordinary 10 10/11p | Purchase | 16,623 | 2.0580 GBP | ||||
Ordinary 10 10/11p | Purchase | 11,736 | 2.0697 GBP | ||||
Ordinary 10 10/11p | Purchase | 4,470 | 2.0834 GBP | ||||
Ordinary 10 10/11p | Purchase | 3,835 | 2.0471 GBP | ||||
Ordinary 10 10/11p | Purchase | 3,271 | 2.0780 GBP | ||||
Ordinary 10 10/11p | Purchase | 1,902 | 2.0870 GBP | ||||
Ordinary 10 10/11p | Purchase | 1,507 | 2.0454 GBP | ||||
Ordinary 10 10/11p | Purchase | 1,433 | 2.0862 GBP | ||||
Ordinary 10 10/11p | Purchase | 1,330 | 2.0860 GBP | ||||
Ordinary 10 10/11p | Purchase | 1,000 | 2.0800 GBP | ||||
Ordinary 10 10/11p | Purchase | 819 | 2.0464 GBP | ||||
Ordinary 10 10/11p | Purchase | 613 | 2.0768 GBP | ||||
Ordinary 10 10/11p | Purchase | 424 | 2.0824 GBP | ||||
Ordinary 10 10/11p | Purchase | 252 | 2.0689 GBP | ||||
Ordinary 10 10/11p | Purchase | 146 | 2.0810 GBP | ||||
Ordinary 10 10/11p | Purchase | 110 | 2.0497 GBP | ||||
Ordinary 10 10/11p | Purchase | 57 | 2.0758 GBP | ||||
Ordinary 10 10/11p | Purchase | 43 | 2.0790 GBP | ||||
Ordinary 10 10/11p | Sale | 377,477 | 2.0729 GBP | ||||
Ordinary 10 10/11p | Sale | 141,254 | 2.0770 GBP | ||||
Ordinary 10 10/11p | Sale | 125,059 | 2.0635 GBP | ||||
Ordinary 10 10/11p | Sale | 119,061 | 2.0644 GBP | ||||
Ordinary 10 10/11p | Sale | 115,927 | 2.0657 GBP | ||||
Ordinary 10 10/11p | Sale | 113,148 | 2.0658 GBP | ||||
Ordinary 10 10/11p | Sale | 109,690 | 2.0685 GBP | ||||
Ordinary 10 10/11p | Sale | 97,591 | 2.0489 GBP | ||||
Ordinary 10 10/11p | Sale | 76,117 | 2.0704 GBP | ||||
Ordinary 10 10/11p | Sale | 67,960 | 2.0545 GBP | ||||
Ordinary 10 10/11p | Sale | 64,328 | 2.0771 GBP | ||||
Ordinary 10 10/11p | Sale | 56,350 | 2.0733 GBP | ||||
Ordinary 10 10/11p | Sale | 43,437 | 2.0549 GBP | ||||
Ordinary 10 10/11p | Sale | 38,419 | 2.0670 GBP | ||||
Ordinary 10 10/11p | Sale | 37,077 | 2.0830 GBP | ||||
Ordinary 10 10/11p | Sale | 26,790 | 2.0622 GBP | ||||
Ordinary 10 10/11p | Sale | 16,617 | 2.0726 GBP | ||||
Ordinary 10 10/11p | Sale | 16,608 | 2.0665 GBP | ||||
Ordinary 10 10/11p | Sale | 13,746 | 2.0765 GBP | ||||
Ordinary 10 10/11p | Sale | 13,192 | 2.0895 GBP | ||||
Ordinary 10 10/11p | Sale | 12,804 | 2.0572 GBP | ||||
Ordinary 10 10/11p | Sale | 9,924 | 2.0664 GBP | ||||
Ordinary 10 10/11p | Sale | 6,396 | 2.0675 GBP | ||||
Ordinary 10 10/11p | Sale | 6,268 | 2.0661 GBP | ||||
Ordinary 10 10/11p | Sale | 5,919 | 2.0745 GBP | ||||
Ordinary 10 10/11p | Sale | 4,611 | 2.0694 GBP | ||||
Ordinary 10 10/11p | Sale | 2,677 | 2.0652 GBP | ||||
Ordinary 10 10/11p | Sale | 2,288 | 2.0426 GBP | ||||
Ordinary 10 10/11p | Sale | 1,532 | 2.0619 GBP | ||||
Ordinary 10 10/11p | Sale | 1,115 | 2.0870 GBP | ||||
Ordinary 10 10/11p | Sale | 413 | 2.0832 GBP | ||||
Ordinary 10 10/11p | Sale | 252 | 2.0691 GBP | ||||
Ordinary 10 10/11p | Sale | 110 | 2.0499 GBP | ||||
 |  |  |  |  |  |  |  |
(b) | Cash-settled derivative transactions | Â | |||||
Class of | Product | Nature of dealing | Number of | Price per | |||
relevant | description | Â | reference | unit | |||
security | Â | Â | securities | Â | |||
Ordinary 10 10/11p | SWAP | Closing Short | 1,655 | 2.0770 GBP | |||
Ordinary 10 10/11p | SWAP | Closing Short | 10,885 | 2.0768 GBP | |||
Ordinary 10 10/11p | SWAP | Decreasing Long | 129 | 2.0040 GBP | |||
Ordinary 10 10/11p | SWAP | Decreasing Long | 543 | 2.0240 GBP | |||
Ordinary 10 10/11p | SWAP | Decreasing Long | 1,039 | 2.0442 GBP | |||
Ordinary 10 10/11p | SWAP | Decreasing Long | 1,507 | 2.0454 GBP | |||
Ordinary 10 10/11p | SWAP | Decreasing Long | 24,169 | 2.0740 GBP | |||
Ordinary 10 10/11p | SWAP | Decreasing Long | 48,753 | 2.0770 GBP | |||
Ordinary 10 10/11p | SWAP | Decreasing Long | 98,013 | 2.0752 GBP | |||
Ordinary 10 10/11p | SWAP | Decreasing Long | 157,369 | 2.0566 GBP | |||
Ordinary 10 10/11p | CFD | Decreasing Short | 1,732 | 2.0769 GBP | |||
Ordinary 10 10/11p | CFD | Decreasing Short | 2,984 | 2.0849 GBP | |||
Ordinary 10 10/11p | CFD | Decreasing Short | 4,149 | 2.0532 GBP | |||
Ordinary 10 10/11p | SWAP | Decreasing Short | 12,804 | 2.0710 GBP | |||
Ordinary 10 10/11p | SWAP | Decreasing Short | 12,804 | 2.0572 GBP | |||
Ordinary 10 10/11p | SWAP | Decreasing Short | 12,804 | 2.0617 GBP | |||
Ordinary 10 10/11p | SWAP | Decreasing Short | 13,192 | 2.0895 GBP | |||
Ordinary 10 10/11p | SWAP | Decreasing Short | 13,192 | 2.0429 GBP | |||
Ordinary 10 10/11p | SWAP | Decreasing Short | 13,746 | 2.0765 GBP | |||
Ordinary 10 10/11p | SWAP | Decreasing Short | 14,162 | 2.0694 GBP | |||
Ordinary 10 10/11p | SWAP | Decreasing Short | 16,296 | 2.0792 GBP | |||
Ordinary 10 10/11p | SWAP | Decreasing Short | 67,960 | 2.0545 GBP | |||
Ordinary 10 10/11p | SWAP | Decreasing Short | 97,591 | 2.0489 GBP | |||
Ordinary 10 10/11p | CFD | Decreasing Short | 109,690 | 2.0685 GBP | |||
Ordinary 10 10/11p | SWAP | Increasing Long | 2,557 | 2.0643 GBP | |||
Ordinary 10 10/11p | SWAP | Increasing Long | 3,787 | 2.0656 GBP | |||
Ordinary 10 10/11p | SWAP | Increasing Long | 4,758 | 2.0595 GBP | |||
Ordinary 10 10/11p | SWAP | Increasing Long | 12,436 | 2.0616 GBP | |||
Ordinary 10 10/11p | SWAP | Increasing Long | 22,576 | 2.0698 GBP | |||
Ordinary 10 10/11p | SWAP | Increasing Long | 46,200 | 2.0757 GBP | |||
Ordinary 10 10/11p | SWAP | Increasing Long | 51,826 | 2.0681 GBP | |||
Ordinary 10 10/11p | SWAP | Increasing Long | 66,380 | 2.0634 GBP | |||
Ordinary 10 10/11p | SWAP | Increasing Long | 67,480 | 2.0770 GBP | |||
Ordinary 10 10/11p | SWAP | Increasing Long | 74,245 | 2.0659 GBP | |||
Ordinary 10 10/11p | SWAP | Increasing Long | 76,117 | 2.0704 GBP | |||
Ordinary 10 10/11p | SWAP | Increasing Long | 125,059 | 2.0636 GBP | |||
Ordinary 10 10/11p | SWAP | Increasing Long | 161,341 | 2.0758 GBP | |||
Ordinary 10 10/11p | SWAP | Increasing Short | 819 | 2.0464 GBP | |||
Ordinary 10 10/11p | CFD | Increasing Short | 1,770 | 2.0522 GBP | |||
Ordinary 10 10/11p | SWAP | Increasing Short | 3,835 | 2.0471 GBP | |||
Ordinary 10 10/11p | SWAP | Increasing Short | 4,911 | 2.0791 GBP | |||
Ordinary 10 10/11p | SWAP | Increasing Short | 16,623 | 2.0580 GBP | |||
Ordinary 10 10/11p | SWAP | Increasing Short | 28,573 | 2.0716 GBP | |||
Ordinary 10 10/11p | SWAP | Increasing Short | 36,717 | 2.0787 GBP | |||
Ordinary 10 10/11p | SWAP | Increasing Short | 43,541 | 2.0496 GBP | |||
Ordinary 10 10/11p | SWAP | Increasing Short | 46,553 | 2.0770 GBP | |||
Ordinary 10 10/11p | SWAP | Increasing Short | 54,638 | 2.0690 GBP | |||
Ordinary 10 10/11p | CFD | Increasing Short | 93,095 | 2.0770 GBP | |||
Ordinary 10 10/11p | CFD | Increasing Short | 128,311 | 2.0769 GBP | |||
Ordinary 10 10/11p | SWAP | Increasing Short | 246,222 | 2.0688 GBP | |||
Ordinary 10 10/11p | SWAP | Opening Short | 250,000 | 2.0590 GBP | |||
 |  |  |  |  |  |  |  |
(c) | Stock-settled derivative transactions (including options) | Â | |||||
(i) | Writing, selling, purchasing or varying | Â | |||||
Class | Product | Writing, | Number | Exercise | Type | Expiry | Option |
of | description | purchasing, | of | price | Â | date | money |
relevant | Â | selling, | securities | per unit | Â | Â | paid/ |
security | Â | varying etc | to which | Â | Â | Â | received |
 |  |  | option |  |  |  | per unit |
 |  |  | relates |  |  |  |  |
 |  |  |  |  |  |  |  |
 |  |  |  |  |  |  |  |
(ii) | Exercising | Â | Â | Â | Â | Â | Â |
Class of relevant | Product description | Exercising/ exercised against | Number of | Exercise price per | |||
security | Â | Â | securities | unit | |||
 |  |  |  |  | |||
 |  |  |  |  |  |  |  |
(d) | Other dealings (including subscribing for new securities) | Â | |||||
Class of relevant | Nature of Dealings | Details | Price per unit (if | ||||
security | Â | Â | applicable) | ||||
 |  |  |  | ||||
4. | OTHER INFORMATION | ||||||
(a) | Indemnity and other dealings arrangements | Â | |||||
Details of any indemnity or option arrangement, or any agreement or understanding, | Â | Â | |||||
formal or informal, relating to relevant securities which may be an inducement to deal | Â | Â | |||||
or refrain from dealing entered into by the exempt principal trader making the disclosure and any party | Â | ||||||
to the offer or any person acting in concert with a party to the offer: | Â | Â | Â | ||||
NONE | |||||||
(b) | Agreements, arrangements or understandings relating to options or derivatives | Â | |||||
Details of any agreement, arrangement or understanding, formal or informal, between | Â | Â | |||||
the person making the disclosure and any other person relating to: | Â | Â | |||||
(i) the voting rights of any relevant securities under any option; or | Â | Â | Â | ||||
(ii) the voting rights of future acquisition or disposal of any relevant securities to which | Â | Â | |||||
any derivative is referenced: | Â | Â | Â | Â | Â | Â | |
NONE | |||||||
(c) | Attachments | Â | Â | Â | Â | Â | Â |
Is a Supplemental Form 8 (Open Positions) attached? | NO | ||||||
Date of disclosure: | 04 Mar 2024 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||
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