19 Mar 2024 13:59
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: | 18 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: |  |  | 15,641,041 | 1.19% | 9,801,745 | 0.75% |
(2) | Cash-settled derivatives: | Â | Â | Â | Â | ||
 | and/or controlled: |  |  | 5,239,624 | 0.40% | 14,059,901 | 1.07% |
(3) | Stock-settled derivatives (including options) | Â | Â | Â | Â | ||
 | and agreements to purchase/sell: |  |  | 0 | 0.00% | 0 | 0.00% |
 |  |  |  |  |  |  |  |
 | TOTAL: |  |  | 20,880,665 | 1.59% | 23,861,646 | 1.82% |
(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 | 653,803 | 2.0941 GBP | ||||
Ordinary 10 10/11p | Purchase | 425,584 | 2.0900 GBP | ||||
Ordinary 10 10/11p | Purchase | 107,127 | 2.0898 GBP | ||||
Ordinary 10 10/11p | Purchase | 93,882 | 2.0904 GBP | ||||
Ordinary 10 10/11p | Purchase | 90,027 | 2.0990 GBP | ||||
Ordinary 10 10/11p | Purchase | 74,352 | 2.1020 GBP | ||||
Ordinary 10 10/11p | Purchase | 51,985 | 2.0981 GBP | ||||
Ordinary 10 10/11p | Purchase | 41,609 | 2.1007 GBP | ||||
Ordinary 10 10/11p | Purchase | 29,889 | 2.0975 GBP | ||||
Ordinary 10 10/11p | Purchase | 19,016 | 2.0970 GBP | ||||
Ordinary 10 10/11p | Purchase | 17,303 | 2.1065 GBP | ||||
Ordinary 10 10/11p | Purchase | 12,000 | 2.1060 GBP | ||||
Ordinary 10 10/11p | Purchase | 8,470 | 2.0976 GBP | ||||
Ordinary 10 10/11p | Purchase | 6,886 | 2.0994 GBP | ||||
Ordinary 10 10/11p | Purchase | 5,473 | 2.0992 GBP | ||||
Ordinary 10 10/11p | Purchase | 5,437 | 2.1036 GBP | ||||
Ordinary 10 10/11p | Purchase | 4,945 | 2.0945 GBP | ||||
Ordinary 10 10/11p | Purchase | 4,444 | 2.1058 GBP | ||||
Ordinary 10 10/11p | Purchase | 4,224 | 2.1010 GBP | ||||
Ordinary 10 10/11p | Purchase | 3,862 | 2.0935 GBP | ||||
Ordinary 10 10/11p | Purchase | 3,096 | 2.0982 GBP | ||||
Ordinary 10 10/11p | Purchase | 2,928 | 2.0972 GBP | ||||
Ordinary 10 10/11p | Purchase | 2,609 | 2.0955 GBP | ||||
Ordinary 10 10/11p | Purchase | 2,506 | 2.0960 GBP | ||||
Ordinary 10 10/11p | Purchase | 2,414 | 2.1038 GBP | ||||
Ordinary 10 10/11p | Purchase | 2,349 | 2.1061 GBP | ||||
Ordinary 10 10/11p | Purchase | 2,092 | 2.0948 GBP | ||||
Ordinary 10 10/11p | Purchase | 1,678 | 2.1040 GBP | ||||
Ordinary 10 10/11p | Purchase | 1,652 | 2.1068 GBP | ||||
Ordinary 10 10/11p | Purchase | 1,420 | 2.0997 GBP | ||||
Ordinary 10 10/11p | Purchase | 1,147 | 2.0980 GBP | ||||
Ordinary 10 10/11p | Purchase | 551 | 2.1023 GBP | ||||
Ordinary 10 10/11p | Purchase | 549 | 2.1069 GBP | ||||
Ordinary 10 10/11p | Purchase | 494 | 2.0950 GBP | ||||
Ordinary 10 10/11p | Purchase | 325 | 2.0720 GBP | ||||
Ordinary 10 10/11p | Purchase | 250 | 2.0740 GBP | ||||
Ordinary 10 10/11p | Purchase | 135 | 2.0901 GBP | ||||
Ordinary 10 10/11p | Purchase | 21 | 2.1070 GBP | ||||
Ordinary 10 10/11p | Purchase | 2 | 2.0930 GBP | ||||
Ordinary 10 10/11p | Sale | 389,920 | 2.0902 GBP | ||||
Ordinary 10 10/11p | Sale | 230,853 | 2.0904 GBP | ||||
Ordinary 10 10/11p | Sale | 125,921 | 2.0912 GBP | ||||
Ordinary 10 10/11p | Sale | 103,725 | 2.0953 GBP | ||||
Ordinary 10 10/11p | Sale | 61,737 | 2.0977 GBP | ||||
Ordinary 10 10/11p | Sale | 40,671 | 2.1030 GBP | ||||
Ordinary 10 10/11p | Sale | 38,843 | 2.1082 GBP | ||||
Ordinary 10 10/11p | Sale | 38,149 | 2.0956 GBP | ||||
Ordinary 10 10/11p | Sale | 27,298 | 2.0991 GBP | ||||
Ordinary 10 10/11p | Sale | 24,272 | 2.1006 GBP | ||||
Ordinary 10 10/11p | Sale | 23,384 | 2.1068 GBP | ||||
Ordinary 10 10/11p | Sale | 19,459 | 2.0900 GBP | ||||
Ordinary 10 10/11p | Sale | 18,125 | 2.0895 GBP | ||||
Ordinary 10 10/11p | Sale | 12,533 | 2.1031 GBP | ||||
Ordinary 10 10/11p | Sale | 12,000 | 2.0724 GBP | ||||
Ordinary 10 10/11p | Sale | 8,283 | 2.1069 GBP | ||||
Ordinary 10 10/11p | Sale | 6,316 | 2.1048 GBP | ||||
Ordinary 10 10/11p | Sale | 4,528 | 2.1007 GBP | ||||
Ordinary 10 10/11p | Sale | 4,348 | 2.0982 GBP | ||||
Ordinary 10 10/11p | Sale | 4,308 | 2.0960 GBP | ||||
Ordinary 10 10/11p | Sale | 3,862 | 2.0935 GBP | ||||
Ordinary 10 10/11p | Sale | 3,353 | 2.0976 GBP | ||||
Ordinary 10 10/11p | Sale | 3,136 | 2.0971 GBP | ||||
Ordinary 10 10/11p | Sale | 2,655 | 2.0962 GBP | ||||
Ordinary 10 10/11p | Sale | 2,620 | 2.0975 GBP | ||||
Ordinary 10 10/11p | Sale | 2,466 | 2.1034 GBP | ||||
Ordinary 10 10/11p | Sale | 2,349 | 2.1063 GBP | ||||
Ordinary 10 10/11p | Sale | 1,724 | 2.0950 GBP | ||||
Ordinary 10 10/11p | Sale | 1,682 | 2.0989 GBP | ||||
Ordinary 10 10/11p | Sale | 1,645 | 2.1046 GBP | ||||
Ordinary 10 10/11p | Sale | 1,520 | 2.0907 GBP | ||||
Ordinary 10 10/11p | Sale | 1,368 | 2.0990 GBP | ||||
Ordinary 10 10/11p | Sale | 661 | 2.1080 GBP | ||||
Ordinary 10 10/11p | Sale | 325 | 2.0720 GBP | ||||
Ordinary 10 10/11p | Sale | 286 | 2.1065 GBP | ||||
Ordinary 10 10/11p | Sale | 167 | 2.1040 GBP | ||||
Ordinary 10 10/11p | Sale | 38 | 2.1090 GBP | ||||
Ordinary 10 10/11p | Sale | 9 | 2.1064 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 | Decreasing Long | 923 | 2.0984 GBP | |||
Ordinary 10 10/11p | SWAP | Decreasing Long | 2,092 | 2.0948 GBP | |||
Ordinary 10 10/11p | SWAP | Decreasing Long | 2,173 | 2.0982 GBP | |||
Ordinary 10 10/11p | SWAP | Decreasing Long | 2,414 | 2.1038 GBP | |||
Ordinary 10 10/11p | SWAP | Decreasing Long | 2,932 | 2.1007 GBP | |||
Ordinary 10 10/11p | SWAP | Decreasing Long | 4,444 | 2.1058 GBP | |||
Ordinary 10 10/11p | SWAP | Decreasing Long | 7,497 | 2.1009 GBP | |||
Ordinary 10 10/11p | SWAP | Decreasing Long | 15,550 | 2.1029 GBP | |||
Ordinary 10 10/11p | SWAP | Decreasing Long | 41,102 | 2.1026 GBP | |||
Ordinary 10 10/11p | SWAP | Decreasing Long | 235,246 | 2.1005 GBP | |||
Ordinary 10 10/11p | SWAP | Decreasing Long | 432,689 | 2.0900 GBP | |||
Ordinary 10 10/11p | CFD | Decreasing Short | 916 | 2.0900 GBP | |||
Ordinary 10 10/11p | CFD | Decreasing Short | 1,682 | 2.0989 GBP | |||
Ordinary 10 10/11p | SWAP | Decreasing Short | 38,149 | 2.0956 GBP | |||
Ordinary 10 10/11p | CFD | Decreasing Short | 38,843 | 2.1082 GBP | |||
Ordinary 10 10/11p | CFD | Decreasing Short | 61,737 | 2.0977 GBP | |||
Ordinary 10 10/11p | SWAP | Decreasing Short | 87,100 | 2.0996 GBP | |||
Ordinary 10 10/11p | CFD | Decreasing Short | 93,882 | 2.0904 GBP | |||
Ordinary 10 10/11p | SWAP | Decreasing Short | 588,297 | 2.0830 GBP | |||
Ordinary 10 10/11p | SWAP | Increasing Long | 909 | 2.1016 GBP | |||
Ordinary 10 10/11p | SWAP | Increasing Long | 2,466 | 2.1034 GBP | |||
Ordinary 10 10/11p | SWAP | Increasing Long | 2,620 | 2.0974 GBP | |||
Ordinary 10 10/11p | SWAP | Increasing Long | 3,642 | 2.1015 GBP | |||
Ordinary 10 10/11p | SWAP | Increasing Long | 18,125 | 2.0895 GBP | |||
Ordinary 10 10/11p | SWAP | Increasing Long | 23,384 | 2.1068 GBP | |||
Ordinary 10 10/11p | SWAP | Increasing Long | 29,394 | 2.1030 GBP | |||
Ordinary 10 10/11p | SWAP | Increasing Long | 40,183 | 2.0900 GBP | |||
Ordinary 10 10/11p | SWAP | Increasing Long | 588,297 | 2.0830 GBP | |||
Ordinary 10 10/11p | SWAP | Increasing Short | 135 | 2.0901 GBP | |||
Ordinary 10 10/11p | CFD | Increasing Short | 916 | 2.0900 GBP | |||
Ordinary 10 10/11p | CFD | Increasing Short | 17,303 | 2.1065 GBP | |||
Ordinary 10 10/11p | SWAP | Increasing Short | 21,126 | 2.0973 GBP | |||
Ordinary 10 10/11p | CFD | Increasing Short | 41,609 | 2.1007 GBP | |||
Ordinary 10 10/11p | CFD | Increasing Short | 90,022 | 2.0990 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: | 19 Mar 2024 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||
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