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: 21 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: 7,811,335 0.77% 4,859,258 0.48%
           
(2) Cash-settled derivatives:
3,023,658 0.30% 2,537,790 0.25%
           
(3) Stock-settled derivatives (including options)
and agreements to purchase/sell: 0 0.00% 1,745,000 0.17%
           
(4)
TOTAL: 10,834,993 1.07% 9,142,048 0.90%

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 40 4.9190 GBP
ORD Purchase 236 4.9305 GBP
ORD Purchase 290 5.0475 GBP
ORD Purchase 316 4.9270 GBP
ADR Purchase 500 7.7000 USD
ORD Purchase 563 4.9315 GBP
ORD Purchase 598 4.9350 GBP
ORD Purchase 606 4.9745 GBP
ORD Purchase 606 4.9750 GBP
ORD Purchase 896 4.9131 GBP
ORD Purchase 1,767 4.9509 GBP
ORD Purchase 2,394 5.0125 GBP
ORD Purchase 3,044 4.9413 GBP
ORD Purchase 4,746 5.0066 GBP
ORD Purchase 15,000 4.9374 GBP
ORD Purchase 19,396 4.9439 GBP
ORD Purchase 33,747 4.9417 GBP
ORD Purchase 56,296 4.9524 GBP
ORD Purchase 83,422 4.9629 GBP
ORD Purchase 102,058 4.9511 GBP
ORD Purchase 189,007 4.9498 GBP
ORD Purchase 380,353 4.9130 GBP
ORD Sale 290 5.0475 GBP
ORD Sale 316 4.9270 GBP
ORD Sale 489 4.9294 GBP
ADR Sale 500 7.7000 USD
ORD Sale 563 4.9315 GBP
ORD Sale 598 4.9350 GBP
ORD Sale 606 4.9750 GBP
ORD Sale 1,197 5.0125 GBP
ORD Sale 1,487 5.0193 GBP
ORD Sale 2,260 4.9352 GBP
ORD Sale 2,721 4.9372 GBP
ORD Sale 5,149 4.9551 GBP
ORD Sale 6,169 4.9763 GBP
ORD Sale 6,466 4.9224 GBP
ORD Sale 9,298 4.9490 GBP
ORD Sale 53,989 4.9717 GBP
ORD Sale 99,245 4.9132 GBP
ORD Sale 151,587 4.9525 GBP
ORD Sale 457,395 4.9130 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 920 4.9707 GBP
ORD CFD Long 2,260 4.9352 GBP
ORD CFD Long 1,342 4.9183 GBP
ORD CFD Long 3,932 4.9443 GBP
ORD SWAP Long 4,863 4.9250 GBP
ORD SWAP Long 8,363 4.9676 GBP
ORD CFD Long 36,079 4.9429 GBP
ORD SWAP Long 82,120 4.9768 GBP
ORD SWAP Long 88,287 4.9458 GBP
ORD CFD Short 100 4.9256 GBP
ORD CFD Short 356 4.9746 GBP
ORD CFD Short 484 4.9676 GBP
ORD CFD Short 500 4.9134 GBP
ORD SWAP Short 600 4.9151 GBP
ORD CFD Short 670 4.9545 GBP
ORD CFD Short 1,000 4.9856 GBP
ORD CFD Short 1,000 4.9906 GBP
ORD CFD Short 1,159 4.9115 GBP
ORD CFD Short 1,497 4.9715 GBP
ORD CFD Short 1,589 5.0256 GBP
ORD CFD Short 2,330 4.9763 GBP
ORD CFD Short 2,500 4.8975 GBP
ORD CFD Short 2,531 4.9887 GBP
ORD CFD Short 2,730 4.9056 GBP
ORD CFD Short 2,881 4.9645 GBP
ORD SWAP Short 3,044 4.9413 GBP
ORD CFD Short 3,548 5.0406 GBP
ORD CFD Short 4,277 4.9465 GBP
ORD SWAP Short 4,746 5.0066 GBP
ORD CFD Short 4,895 4.9943 GBP
ORD CFD Short 4,961 4.9385 GBP
ORD CFD Short 5,000 4.8985 GBP
ORD CFD Short 5,000 4.9095 GBP
ORD CFD Short 5,000 4.9105 GBP
ORD CFD Short 5,000 4.9125 GBP
ORD CFD Short 5,000 4.9205 GBP
ORD CFD Short 5,000 4.9235 GBP
ORD CFD Short 5,000 4.9285 GBP
ORD CFD Short 5,000 4.9295 GBP
ORD CFD Short 5,000 4.9315 GBP
ORD CFD Short 5,000 4.9345 GBP
ORD CFD Short 5,000 4.9355 GBP
ORD CFD Short 5,000 4.9455 GBP
ORD CFD Short 5,000 4.9485 GBP
ORD CFD Short 5,000 4.9655 GBP
ORD CFD Short 5,000 4.9685 GBP
ORD CFD Short 5,000 4.9695 GBP
ORD CFD Short 5,000 5.0106 GBP
ORD CFD Short 5,000 5.0156 GBP
ORD CFD Short 5,000 5.0356 GBP
ORD SWAP Short 5,736 4.9550 GBP
ORD SWAP Short 5,863 4.9378 GBP
ORD CFD Short 7,016 5.0306 GBP
ORD CFD Short 7,074 4.9275 GBP
ORD CFD Short 10,000 4.9015 GBP
ORD CFD Short 10,000 4.9045 GBP
ORD CFD Short 10,000 4.9145 GBP
ORD CFD Short 10,000 4.9705 GBP
ORD CFD Short 10,000 4.9755 GBP
ORD CFD Short 10,000 5.0206 GBP
ORD CFD Short 11,000 4.9327 GBP
ORD CFD Short 11,451 4.9005 GBP
ORD CFD Short 11,518 4.9255 GBP
ORD CFD Short 15,000 4.9055 GBP
ORD SWAP Short 15,497 4.9133 GBP
ORD CFD Short 16,317 5.0456 GBP
ORD CFD Short 27,780 4.9305 GBP
ORD CFD Short 68,111 4.9680 GBP
ORD SWAP Short 87,906 4.9578 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: 24 Aug 2015
Contact name: Rajesh Muthanna
Telephone number: 020 3555 4634

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.

143221.01

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: 481006
Time of Receipt (offset from UTC): 20150824T124643+0100

Contacts

BARCLAYS PLC

Contacts

BARCLAYS PLC