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: 6 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: 9,191,638 0.90% 5,720,569 0.56%
           
(2) Cash-settled derivatives:
3,997,281 0.39% 1,482,348 0.15%
           
(3) Stock-settled derivatives (including options)
and agreements to purchase/sell: 15,000 0.00% 3,750,000 0.37%
           
 
TOTAL: 13,203,919 1.30% 10,952,917 1.08%

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 100 5.1100 GBP
ORD Purchase 373 5.1500 GBP
ORD Purchase 667 5.1450 GBP
ORD Purchase 802 5.1600 GBP
ORD Purchase 982 5.0875 GBP
ORD Purchase 983 5.0825 GBP
ORD Purchase 985 5.0725 GBP
ORD Purchase 1,002 5.1700 GBP
ORD Purchase 1,100 5.0950 GBP
ORD Purchase 1,178 5.1020 GBP
ORD Purchase 1,317 5.1063 GBP
ORD Purchase 1,336 5.1550 GBP
ORD Purchase 1,469 5.1531 GBP
ORD Purchase 1,688 5.1248 GBP
ADR Purchase 3,200 7.8343 USD
ORD Purchase 4,301 5.0850 GBP
ORD Purchase 4,457 5.1064 GBP
ORD Purchase 5,228 5.1220 GBP
ORD Purchase 6,565 5.0889 GBP
ORD Purchase 7,848 5.1079 GBP
ORD Purchase 39,748 5.1206 GBP
ORD Purchase 73,877 5.1090 GBP
ORD Purchase 150,605 5.1000 GBP
ORD Sale 100 5.1100 GBP
ORD Sale 373 5.1500 GBP
ORD Sale 550 5.0950 GBP
ORD Sale 600 5.1250 GBP
ORD Sale 667 5.1450 GBP
ORD Sale 802 5.1600 GBP
ORD Sale 982 5.0875 GBP
ORD Sale 983 5.0825 GBP
ORD Sale 985 5.0725 GBP
ORD Sale 1,002 5.1700 GBP
ORD Sale 1,336 5.1550 GBP
ORD Sale 1,352 5.1335 GBP
ORD Sale 1,848 5.1016 GBP
ORD Sale 2,029 5.2405 GBP
ORD Sale 2,336 5.0850 GBP
ORD Sale 2,400 5.1300 GBP
ADR Sale 3,200 7.8343 USD
ORD Sale 3,711 5.1487 GBP
ORD Sale 4,068 5.1336 GBP
ORD Sale 6,182 5.1036 GBP
ORD Sale 7,112 5.1138 GBP
ORD Sale 35,064 5.1122 GBP
ORD Sale 39,610 5.1233 GBP
ORD Sale 130,257 5.1298 GBP
ORD Sale 274,117 5.1000 GBP

(b) Cash-settled derivative transactions

Class of   Product   Nature of dealing   Number of   Price per
relevant description reference unit
security     securities  
ORD SWAP Long 2,400 5.1706 GBP
ORD CFD Long 3,200 5.0834 GBP
ORD SWAP Long 3,652 5.1436 GBP
ORD CFD Long 5,489 5.1098 GBP
ORD CFD Long 6,182 5.1036 GBP
ORD CFD Long 6,881 5.1125 GBP
ORD CFD Long 29,575 5.1127 GBP
ORD CFD Long 23,006 5.1741 GBP
ORD SWAP Long 65,810 5.1122 GBP
ORD SWAP Long 73,797 5.1300 GBP
ORD SWAP Short 100 5.1051 GBP
ORD SWAP Short 300 5.0850 GBP
ORD SWAP Short 1,688 5.1249 GBP
ORD CFD Short 4,744 5.1443 GBP
ORD CFD Short 7,848 5.1078 GBP
ORD SWAP Short 12,200 5.0971 GBP
ORD CFD Short 35,134 5.0922 GBP
ORD SWAP Short 74,664 5.1213 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: 7 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 Put Options Purchased -30,000 520.0000 American 21 Aug 2015
ORD Call Options Purchased 15,000 540.0000 American 21 Aug 2015
ORD Call Options Written -3,695,000 540.0000 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: 478582
Time of Receipt (offset from UTC): 20150807T133001+0100

Contacts

BARCLAYS PLC

Contacts

BARCLAYS PLC