7th Feb 2025 13:49
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): |
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(c) | Name of offeror/offeree in relation to whose relevant securities this form relates: | AVIVA PLC | |||||
(d) | If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: |
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(e) | Date position held/dealing undertaken: | 06 Feb 2025 | |||||
(f) | In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? | YES: DIRECT LINE INSURANCE GROUP PLC | |||||
2. | POSITIONS OF THE PERSON MAKING THE DISCLOSURE | ||||||
(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: | 32 17/19p ordinary | ||||||
Interests | Short Positions | ||||||
Number | (%) | Number | (%) | ||||
(1) Relevant securities owned and/or controlled: | 24,322,968 | 0.90% | 25,071,855 | 0.94% | |||
(2) Cash-settled derivatives: | 7,419,125 | 0.28% | 18,326,276 | 0.68% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 20,000 | 0.00% | 486,673 | 0.02% | |||
TOTAL: | 31,762,093 | 1.18% | 43,884,804 | 1.64% | |||
(b) | Rights to subscribe for new securities (including directors and other executive 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 | ||||||
(a) | Purchase and sales | ||||||
Class of relevant security | Purchase/sale | Number of securities | Price per unit | ||||
32 17/19p ordinary | Purchase | 194,807 | 5.1421 GBP | ||||
32 17/19p ordinary | Purchase | 194,803 | 5.1420 GBP | ||||
32 17/19p ordinary | Purchase | 186,274 | 5.1251 GBP | ||||
32 17/19p ordinary | Purchase | 162,132 | 5.1400 GBP | ||||
32 17/19p ordinary | Purchase | 133,102 | 5.1247 GBP | ||||
32 17/19p ordinary | Purchase | 113,759 | 5.1423 GBP | ||||
32 17/19p ordinary | Purchase | 112,797 | 5.1329 GBP | ||||
32 17/19p ordinary | Purchase | 86,841 | 5.1384 GBP | ||||
32 17/19p ordinary | Purchase | 76,329 | 5.1227 GBP | ||||
32 17/19p ordinary | Purchase | 63,829 | 5.1364 GBP | ||||
32 17/19p ordinary | Purchase | 54,194 | 5.1289 GBP | ||||
32 17/19p ordinary | Purchase | 39,078 | 5.1495 GBP | ||||
32 17/19p ordinary | Purchase | 20,990 | 5.1430 GBP | ||||
32 17/19p ordinary | Purchase | 19,876 | 5.1447 GBP | ||||
32 17/19p ordinary | Purchase | 19,419 | 5.1426 GBP | ||||
32 17/19p ordinary | Purchase | 10,322 | 5.1310 GBP | ||||
32 17/19p ordinary | Purchase | 8,508 | 5.1425 GBP | ||||
32 17/19p ordinary | Purchase | 7,764 | 5.1465 GBP | ||||
32 17/19p ordinary | Purchase | 7,616 | 5.1442 GBP | ||||
32 17/19p ordinary | Purchase | 4,042 | 5.1221 GBP | ||||
32 17/19p ordinary | Purchase | 3,774 | 5.1431 GBP | ||||
32 17/19p ordinary | Purchase | 2,948 | 5.1440 GBP | ||||
32 17/19p ordinary | Purchase | 2,917 | 5.1060 GBP | ||||
32 17/19p ordinary | Purchase | 2,696 | 5.1414 GBP | ||||
32 17/19p ordinary | Purchase | 2,035 | 5.1456 GBP | ||||
32 17/19p ordinary | Purchase | 1,787 | 5.1000 GBP | ||||
32 17/19p ordinary | Purchase | 1,744 | 5.1460 GBP | ||||
32 17/19p ordinary | Purchase | 1,505 | 5.1568 GBP | ||||
32 17/19p ordinary | Purchase | 1,416 | 5.1580 GBP | ||||
32 17/19p ordinary | Purchase | 1,369 | 5.1003 GBP | ||||
32 17/19p ordinary | Purchase | 1,222 | 5.1575 GBP | ||||
32 17/19p ordinary | Purchase | 1,102 | 5.1020 GBP | ||||
32 17/19p ordinary | Purchase | 1,100 | 5.1520 GBP | ||||
32 17/19p ordinary | Purchase | 580 | 5.1404 GBP | ||||
32 17/19p ordinary | Purchase | 541 | 5.1380 GBP | ||||
32 17/19p ordinary | Purchase | 519 | 5.1480 GBP | ||||
32 17/19p ordinary | Purchase | 505 | 5.1560 GBP | ||||
32 17/19p ordinary | Purchase | 474 | 5.0780 GBP | ||||
32 17/19p ordinary | Purchase | 277 | 5.1540 GBP | ||||
32 17/19p ordinary | Purchase | 39 | 5.1600 GBP | ||||
32 17/19p ordinary | Sale | 351,874 | 5.1441 GBP | ||||
32 17/19p ordinary | Sale | 300,000 | 5.1247 GBP | ||||
32 17/19p ordinary | Sale | 250,000 | 5.1268 GBP | ||||
32 17/19p ordinary | Sale | 216,063 | 5.1433 GBP | ||||
32 17/19p ordinary | Sale | 215,467 | 5.1395 GBP | ||||
32 17/19p ordinary | Sale | 179,645 | 5.1450 GBP | ||||
32 17/19p ordinary | Sale | 173,452 | 5.1456 GBP | ||||
32 17/19p ordinary | Sale | 125,747 | 5.1420 GBP | ||||
32 17/19p ordinary | Sale | 116,370 | 5.1436 GBP | ||||
32 17/19p ordinary | Sale | 82,941 | 5.1397 GBP | ||||
32 17/19p ordinary | Sale | 77,508 | 5.1307 GBP | ||||
32 17/19p ordinary | Sale | 74,406 | 5.1426 GBP | ||||
32 17/19p ordinary | Sale | 68,513 | 5.1365 GBP | ||||
32 17/19p ordinary | Sale | 60,580 | 5.1292 GBP | ||||
32 17/19p ordinary | Sale | 38,253 | 5.1380 GBP | ||||
32 17/19p ordinary | Sale | 32,554 | 5.1508 GBP | ||||
32 17/19p ordinary | Sale | 26,550 | 5.1520 GBP | ||||
32 17/19p ordinary | Sale | 25,004 | 5.1417 GBP | ||||
32 17/19p ordinary | Sale | 23,167 | 5.1359 GBP | ||||
32 17/19p ordinary | Sale | 21,777 | 5.1482 GBP | ||||
32 17/19p ordinary | Sale | 21,257 | 5.1465 GBP | ||||
32 17/19p ordinary | Sale | 21,130 | 5.1577 GBP | ||||
32 17/19p ordinary | Sale | 19,980 | 5.1254 GBP | ||||
32 17/19p ordinary | Sale | 19,184 | 5.1449 GBP | ||||
32 17/19p ordinary | Sale | 13,340 | 5.1408 GBP | ||||
32 17/19p ordinary | Sale | 9,824 | 5.1438 GBP | ||||
32 17/19p ordinary | Sale | 9,647 | 5.1240 GBP | ||||
32 17/19p ordinary | Sale | 9,552 | 5.1277 GBP | ||||
32 17/19p ordinary | Sale | 7,950 | 5.1427 GBP | ||||
32 17/19p ordinary | Sale | 7,898 | 5.1484 GBP | ||||
32 17/19p ordinary | Sale | 7,789 | 5.1444 GBP | ||||
32 17/19p ordinary | Sale | 7,700 | 5.1434 GBP | ||||
32 17/19p ordinary | Sale | 5,365 | 5.1372 GBP | ||||
32 17/19p ordinary | Sale | 4,697 | 5.1338 GBP | ||||
32 17/19p ordinary | Sale | 4,187 | 5.1443 GBP | ||||
32 17/19p ordinary | Sale | 4,042 | 5.1227 GBP | ||||
32 17/19p ordinary | Sale | 3,773 | 5.1476 GBP | ||||
32 17/19p ordinary | Sale | 2,917 | 5.1067 GBP | ||||
32 17/19p ordinary | Sale | 2,660 | 5.1630 GBP | ||||
32 17/19p ordinary | Sale | 2,483 | 5.1435 GBP | ||||
32 17/19p ordinary | Sale | 2,435 | 5.1498 GBP | ||||
32 17/19p ordinary | Sale | 2,412 | 5.1300 GBP | ||||
32 17/19p ordinary | Sale | 2,242 | 5.1322 GBP | ||||
32 17/19p ordinary | Sale | 1,787 | 5.1000 GBP | ||||
32 17/19p ordinary | Sale | 1,708 | 5.1460 GBP | ||||
32 17/19p ordinary | Sale | 1,416 | 5.1580 GBP | ||||
32 17/19p ordinary | Sale | 1,369 | 5.1009 GBP | ||||
32 17/19p ordinary | Sale | 1,321 | 5.1489 GBP | ||||
32 17/19p ordinary | Sale | 1,290 | 5.1479 GBP | ||||
32 17/19p ordinary | Sale | 1,279 | 5.1386 GBP | ||||
32 17/19p ordinary | Sale | 1,160 | 5.1500 GBP | ||||
32 17/19p ordinary | Sale | 1,119 | 5.1445 GBP | ||||
32 17/19p ordinary | Sale | 1,102 | 5.1020 GBP | ||||
32 17/19p ordinary | Sale | 947 | 5.1103 GBP | ||||
32 17/19p ordinary | Sale | 897 | 5.1581 GBP | ||||
32 17/19p ordinary | Sale | 894 | 5.1361 GBP | ||||
32 17/19p ordinary | Sale | 875 | 5.1440 GBP | ||||
32 17/19p ordinary | Sale | 584 | 5.1547 GBP | ||||
32 17/19p ordinary | Sale | 519 | 5.1480 GBP | ||||
32 17/19p ordinary | Sale | 455 | 5.1370 GBP | ||||
32 17/19p ordinary | Sale | 389 | 5.1497 GBP | ||||
32 17/19p ordinary | Sale | 277 | 5.1540 GBP | ||||
32 17/19p ordinary | Sale | 240 | 5.1357 GBP | ||||
32 17/19p ordinary | Sale | 64 | 5.1468 GBP | ||||
32 17/19p ordinary | Sale | 62 | 5.1517 GBP | ||||
32 17/19p ordinary | Sale | 6 | 5.1416 GBP | ||||
(b) | Cash-settled derivative transactions | ||||||
Class of relevant security | Product description | Nature of dealing | Number of reference securities | Price per unit | |||
32 17/19p ordinary | SWAP | Increasing Long | 40,300 | 5.1423 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 724 | 5.1059 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 947 | 5.1103 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 100 | 5.1119 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 300,000 | 5.1247 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 250,000 | 5.1268 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 77,508 | 5.1307 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 2,242 | 5.1322 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 35,107 | 5.1328 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 4,697 | 5.1338 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 240 | 5.1357 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 23,167 | 5.1359 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 5,365 | 5.1372 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 30,470 | 5.1399 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 25,004 | 5.1417 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 6 | 5.1419 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 59,789 | 5.1420 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 19,496 | 5.1424 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 74,406 | 5.1426 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 2,094 | 5.1427 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 216,063 | 5.1433 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 2,483 | 5.1435 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 116,370 | 5.1436 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 9,824 | 5.1438 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 349,998 | 5.1441 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 83,032 | 5.1443 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 7,789 | 5.1444 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 283,009 | 5.1456 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 8,819 | 5.1465 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 64 | 5.1469 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 1,290 | 5.1479 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 3,090 | 5.1495 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 389 | 5.1497 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 2,435 | 5.1498 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 32,554 | 5.1508 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 62 | 5.1517 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 584 | 5.1547 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 188 | 5.1567 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 21,130 | 5.1577 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 2,660 | 5.1630 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 474 | 5.0780 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 1,826 | 5.1000 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 17,526 | 5.1279 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 112,797 | 5.1330 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 367 | 5.1360 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 86,841 | 5.1384 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 580 | 5.1404 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 72,931 | 5.1420 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 194,807 | 5.1421 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 1,886 | 5.1422 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 113,759 | 5.1423 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 8,000 | 5.1426 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 20,990 | 5.1430 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 11,249 | 5.1434 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 1,050 | 5.1447 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 4,494 | 5.1450 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 7,764 | 5.1465 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 34,880 | 5.1493 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 3,763 | 5.1501 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 519 | 5.1581 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 39 | 5.1601 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 3,485 | 5.1338 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 1,067 | 5.0996 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 11,816 | 5.1365 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 6,819 | 5.1404 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 61,633 | 5.1462 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 624 | 5.1500 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 133,102 | 5.1247 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 1,067 | 5.1423 GBP | |||
(c) | Stock-settled derivative transactions (including options) | ||||||
(i) | Writing, selling, purchasing or varying | ||||||
Class of relevant security | Product description | Writing, purchasing, selling, varying etc | Number of securities to which option relates | Exercise price per unit | Type | Expiry date | Option money paid/ received per unit |
(ii) | Exercising |
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Class of relevant security | Product description | Exercising/ exercised against | Number of securities | Exercise price per unit | |||
(d) | Other dealings (including subscribing for new securities) | ||||||
Class of relevant security | Nature of Dealings | Details | Price per unit (if applicable) | ||||
4. | OTHER INFORMATION | ||||||
(a) | Indemnity and other dealings 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: | |||||||
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 of future acquisition or disposal of any relevant securities to which any derivative is referenced: | |||||||
NONE | |||||||
(c) | Attachments |
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Is a Supplemental Form 8 (Open Positions) attached? | YES | ||||||
Date of disclosure: | 07 Feb 2025 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||
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SUPPLEMENTAL FORM 8 (OPEN POSITIONS) | |||||||
DETAILS OF OPEN OPTION AND DERIVATIVE 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 are being disclosed: | Barclays PLC. | ||||||
Name of offeror/offeree in relation to whose relevant securities this from relates: | AVIVA PLC | ||||||
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2. OPTIONS AND DERIVATIVES | |||||||
Class of relevant security | Product description | Writing, purchasing, selling, varying etc | Number of securities to which option relates | Exercise price per unit | Type | Expiry date | |
32 17/19p ordinary | Put Options | Purchased | -10,000 | 462.2400 | American | 19-Dec-25 | |
32 17/19p ordinary | Call Options | Purchased | 10,000 | 564.9600 | American | 19-Dec-25 | |
32 17/19p ordinary | Call Options | Written | -241,316 | 4.4050 | European | 06-May-25 | |
32 17/19p ordinary | Call Options | Written | -120,781 | 5.3305 | European | 06-May-25 | |
32 17/19p ordinary | Call Options | Written | -104,576 | 5.3176 | European | 05-Jun-25 | |
32 17/19p ordinary | Call Options | Written | -10,000 | 564.9600 | American | 19-Dec-25 | |
32 17/19p ordinary | Put Options | Written | 10,000 | 462.2400 | American | 19-Dec-25 | |
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: | |||||||
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