Form 8.3 - RSA INSURANCE GROUP PLC

LONDON--()--

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

RSA INSURANCE GROUP PLC

  relevant securities this form relates:  
(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: 25 August 2015
(f) In addition to the company in 1(c) above, is the discloser making NO
  disclosures in respect of any other party to the offer?  

2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(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:   ORD
  Interests   Short Positions
    Number   (%) Number   (%)
(1) Relevant securities owned
and/or controlled: 8,278,920 0.81% 3,996,038 0.39%
           
(2) Cash-settled derivatives:
2,309,309 0.23% 2,988,110 0.29%
           
(3) Stock-settled derivatives (including options)
and agreements to purchase/sell: 0 0.00% 1,745,000 0.17%
           
(4)
TOTAL: 10,588,229 1.04% 8,729,148 0.86%

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors’ and other employee 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

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a) Purchases and sales

Class of relevant   Purchase/sale   Number of   Price per unit
security   securities  
ORD Purchase 304 5.1659 GBP
ORD Purchase 734 5.2000 GBP
ORD Purchase 746 5.1650 GBP
ORD Purchase 1,191 5.2175 GBP
ORD Purchase 1,932 5.1950 GBP
ORD Purchase 2,047 5.1725 GBP
ORD Purchase 2,118 5.1800 GBP
ORD Purchase 2,351 5.1806 GBP
ORD Purchase 2,559 5.2150 GBP
ADR Purchase 4,000 8.0900 USD
ORD Purchase 4,692 5.2100 GBP
ORD Purchase 5,110 5.1900 GBP
ORD Purchase 5,668 5.1773 GBP
ORD Purchase 5,875 5.1703 GBP
ORD Purchase 6,717 5.1850 GBP
ORD Purchase 9,172 5.2050 GBP
ORD Purchase 10,225 5.1702 GBP
ORD Purchase 14,284 5.2094 GBP
ORD Purchase 15,275 5.2040 GBP
ORD Purchase 18,482 5.1727 GBP
ORD Purchase 45,424 5.2200 GBP
ORD Purchase 46,658 5.2023 GBP
ORD Purchase 52,052 5.1987 GBP
ORD Purchase 64,400 5.1762 GBP
ORD Purchase 68,805 5.1801 GBP
ORD Purchase 83,247 5.1750 GBP
ORD Purchase 135,000 5.2300 GBP
ORD Purchase 167,896 5.1569 GBP
ORD Purchase 243,981 5.1450 GBP
ORD Purchase 250,000 5.1648 GBP
ORD Purchase 560,868 5.1700 GBP
ORD Purchase 1,000,000 5.1930 GBP
ORD Sale 152 5.1775 GBP
ORD Sale 746 5.1650 GBP
ORD Sale 1,073 5.1850 GBP
ORD Sale 1,191 5.2175 GBP
ORD Sale 1,767 5.1792 GBP
ORD Sale 1,801 5.2150 GBP
ORD Sale 1,885 5.1734 GBP
ORD Sale 1,932 5.1950 GBP
ORD Sale 2,047 5.1725 GBP
ORD Sale 2,118 5.1800 GBP
ORD Sale 3,851 5.2100 GBP
ADR Sale 4,000 8.0900 USD
ORD Sale 6,216 5.1745 GBP
ORD Sale 6,369 5.1700 GBP
ORD Sale 12,162 5.1705 GBP
ORD Sale 12,677 5.2200 GBP
ORD Sale 18,552 5.1900 GBP
ORD Sale 21,372 5.1779 GBP
ORD Sale 27,364 5.1768 GBP
ORD Sale 31,390 5.1747 GBP
ORD Sale 46,859 5.1781 GBP
ORD Sale 57,613 5.1836 GBP
ORD Sale 65,874 5.1750 GBP
ORD Sale 77,342 5.1832 GBP
ORD Sale 81,596 5.1825 GBP
ORD Sale 117,038 5.1835 GBP
ORD Sale 125,592 5.1860 GBP
ORD Sale 186,258 5.1848 GBP
ORD Sale 273,118 5.1927 GBP
ORD Sale 390,966 5.1450 GBP

(b) Cash-settled derivative transactions

Class of   Product   Nature of dealing   Number of   Price per
relevant description reference unit
security     securities  
ORD CFD Long 1,885 5.1734 GBP
ORD SWAP Long 7,961 5.1812 GBP
ORD CFD Long 10,000 5.1828 GBP
ORD CFD Long 10,000 5.1993 GBP
ORD CFD Long 10,000 5.2043 GBP
ORD CFD Long 10,000 5.2293 GBP
ORD SWAP Long 12,162 5.1705 GBP
ORD CFD Long 15,000 5.2343 GBP
ORD CFD Long 20,000 5.1743 GBP
ORD CFD Long 20,373 5.1994 GBP
ORD CFD Long 30,000 5.1843 GBP
ORD CFD Long 34,000 5.2495 GBP
ORD CFD Long 17,768 5.1992 GBP
ORD CFD Long 46,859 5.1781 GBP
ORD CFD Long 50,000 5.1995 GBP
ORD CFD Long 59,300 5.1893 GBP
ORD CFD Long 61,413 5.1796 GBP
ORD SWAP Long 61,413 5.1796 GBP
ORD CFD Long 75,000 5.1943 GBP
ORD CFD Long 87,733 5.1793 GBP
ORD SWAP Long 184,172 5.1834 GBP
ORD CFD Short 304 5.1659 GBP
ORD SWAP Short 2,351 5.1806 GBP
ORD CFD Short 6,359 5.1457 GBP
ORD SWAP Short 18,482 5.1727 GBP
ORD CFD Short 17,202 5.1819 GBP
ORD SWAP Short 53,813 5.1810 GBP
ORD SWAP Short 105,462 5.1450 GBP
ORD CFD Short 59,533 5.1802 GBP
ORD SWAP Short 1,558,854 5.1847 GBP

(c) Stock-settled derivative transactions (including options)

(i) Writing, selling, purchasing or varying

Class of relevant security   Product description e.g. call option   Writing, purchasing, selling, varying etc.   Number of securities to which option relates   Exercise price per unit   Type

e.g. American, European etc.

  Expiry date   Option money paid/ received per unit

(ii) Exercise

Class of relevant security   Product description

e.g. call option

  Exercising/ exercised against   Number of securities   Exercise price per unit

(d) Other dealings (including subscribing for new securities)

Class of relevant security   Nature of dealing

e.g. subscription, conversion

  Details   Price per unit (if applicable)

4. OTHER INFORMATION

(a) Indemnity and other dealing 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:

Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “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 or future acquisition or disposal of any relevant securities to which any derivative is referenced:

If there are no such agreements, arrangements or understandings, state “none”

(c) Attachments

Is a Supplemental Form 8 (Open Positions) attached?   YES
Date of disclosure: 26 Aug 2015
Contact name: Jay Supaya
Telephone number: 020 7773 0635

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk. The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

SUPPLEMENTAL FORM 8 (OPEN POSITIONS)

DETAILS OF OPEN STOCK-SETTLED DERIVATIVE (INCLUDING OPTION) POSITIONS, AGREEMENTS TO PURCHASE OR SELL ETC.

Note 5(i) on Rule 8 of the Takeover Code (the “Code”)

1. KEY INFORMATION

Identity of the person whose positions/dealings   Barclays PLC.
are being disclosed:  
Name of offeror/offeree in relation to whose RSA INSURANCE GROUP PLC
relevant securities this from relates:  

2. STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)

Class   Product   Writing,   Number   Exercise   Type   Expiry
of description purchasing, of price date
relevant selling, securities per unit
security varying etc to which
option
      relates      
ORD Call Options Purchased 84,000 5.4570 European 17 Sep 2015
ORD Call Options Written -1,720,000 540.0000 American 17 Jun 2016
ORD Call Options Written -25,000 560.0000 American 17 Jun 2016

3. AGREEMENTS TO PURCHASE OR SELL ETC.

Full details should be given so that the nature of the interest or position can be fully understood:

It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to cash-settled derivatives.

The currency of all prices and other monetary amounts should be stated.

The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

Short Name: BARCLAYS PLC
Category Code: RET
Sequence Number: 481427
Time of Receipt (offset from UTC): 20150826T140327+0100

Contacts

BARCLAYS PLC

Contacts

BARCLAYS PLC