19th Feb 2025 13:44
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: | 18 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: | 31,388,998 | 1.17% | 27,530,961 | 1.03% | |||
(2) Cash-settled derivatives: | 10,173,892 | 0.38% | 24,167,842 | 0.90% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 20,000 | 0.00% | 486,684 | 0.02% | |||
TOTAL: | 41,582,890 | 1.55% | 52,185,487 | 1.95% | |||
(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 | 783,837 | 5.0626 GBP | ||||
32 17/19p ordinary | Purchase | 114,473 | 5.0819 GBP | ||||
32 17/19p ordinary | Purchase | 72,679 | 5.0681 GBP | ||||
32 17/19p ordinary | Purchase | 60,096 | 5.0802 GBP | ||||
32 17/19p ordinary | Purchase | 56,180 | 5.0799 GBP | ||||
32 17/19p ordinary | Purchase | 52,815 | 5.0818 GBP | ||||
32 17/19p ordinary | Purchase | 38,893 | 5.0600 GBP | ||||
32 17/19p ordinary | Purchase | 36,397 | 5.0781 GBP | ||||
32 17/19p ordinary | Purchase | 35,621 | 5.0829 GBP | ||||
32 17/19p ordinary | Purchase | 32,156 | 5.0898 GBP | ||||
32 17/19p ordinary | Purchase | 28,758 | 5.0694 GBP | ||||
32 17/19p ordinary | Purchase | 26,837 | 5.0820 GBP | ||||
32 17/19p ordinary | Purchase | 26,391 | 5.0601 GBP | ||||
32 17/19p ordinary | Purchase | 25,712 | 5.0697 GBP | ||||
32 17/19p ordinary | Purchase | 22,977 | 5.0795 GBP | ||||
32 17/19p ordinary | Purchase | 18,854 | 5.0851 GBP | ||||
32 17/19p ordinary | Purchase | 13,375 | 5.0600 GBP | ||||
32 17/19p ordinary | Purchase | 10,189 | 5.0835 GBP | ||||
32 17/19p ordinary | Purchase | 9,278 | 5.0774 GBP | ||||
32 17/19p ordinary | Purchase | 8,534 | 5.0860 GBP | ||||
32 17/19p ordinary | Purchase | 7,718 | 5.0832 GBP | ||||
32 17/19p ordinary | Purchase | 6,063 | 5.0808 GBP | ||||
32 17/19p ordinary | Purchase | 5,719 | 5.0773 GBP | ||||
32 17/19p ordinary | Purchase | 5,496 | 5.0625 GBP | ||||
32 17/19p ordinary | Purchase | 5,378 | 5.0766 GBP | ||||
32 17/19p ordinary | Purchase | 4,803 | 5.0869 GBP | ||||
32 17/19p ordinary | Purchase | 4,016 | 5.0860 GBP | ||||
32 17/19p ordinary | Purchase | 3,135 | 5.0600 GBP | ||||
32 17/19p ordinary | Purchase | 3,133 | 5.0661 GBP | ||||
32 17/19p ordinary | Purchase | 3,053 | 5.0600 GBP | ||||
32 17/19p ordinary | Purchase | 3,030 | 5.0744 GBP | ||||
32 17/19p ordinary | Purchase | 2,510 | 5.0860 GBP | ||||
32 17/19p ordinary | Purchase | 2,264 | 5.0827 GBP | ||||
32 17/19p ordinary | Purchase | 2,069 | 5.0720 GBP | ||||
32 17/19p ordinary | Purchase | 2,008 | 5.0860 GBP | ||||
32 17/19p ordinary | Purchase | 1,678 | 5.0709 GBP | ||||
32 17/19p ordinary | Purchase | 1,428 | 5.0772 GBP | ||||
32 17/19p ordinary | Purchase | 877 | 5.0800 GBP | ||||
32 17/19p ordinary | Purchase | 860 | 5.0880 GBP | ||||
32 17/19p ordinary | Purchase | 813 | 5.0860 GBP | ||||
32 17/19p ordinary | Purchase | 785 | 5.0730 GBP | ||||
32 17/19p ordinary | Purchase | 520 | 5.0840 GBP | ||||
ADR | Purchase | 458 | 12.9745 USD | ||||
32 17/19p ordinary | Purchase | 402 | 5.0760 GBP | ||||
32 17/19p ordinary | Purchase | 347 | 5.0780 GBP | ||||
32 17/19p ordinary | Purchase | 333 | 5.0900 GBP | ||||
32 17/19p ordinary | Purchase | 145 | 5.1060 GBP | ||||
32 17/19p ordinary | Purchase | 131 | 5.0644 GBP | ||||
32 17/19p ordinary | Purchase | 23 | 5.0600 GBP | ||||
32 17/19p ordinary | Purchase | 5 | 5.0600 GBP | ||||
32 17/19p ordinary | Sale | 181,160 | 5.0600 GBP | ||||
32 17/19p ordinary | Sale | 159,208 | 5.0594 GBP | ||||
32 17/19p ordinary | Sale | 132,600 | 5.0662 GBP | ||||
32 17/19p ordinary | Sale | 109,573 | 5.0720 GBP | ||||
32 17/19p ordinary | Sale | 93,681 | 5.0768 GBP | ||||
32 17/19p ordinary | Sale | 79,604 | 5.0814 GBP | ||||
32 17/19p ordinary | Sale | 74,739 | 5.0732 GBP | ||||
32 17/19p ordinary | Sale | 73,354 | 5.0806 GBP | ||||
32 17/19p ordinary | Sale | 36,471 | 5.0730 GBP | ||||
32 17/19p ordinary | Sale | 33,758 | 5.0825 GBP | ||||
32 17/19p ordinary | Sale | 32,632 | 5.0632 GBP | ||||
32 17/19p ordinary | Sale | 18,400 | 5.0696 GBP | ||||
32 17/19p ordinary | Sale | 18,147 | 5.0723 GBP | ||||
32 17/19p ordinary | Sale | 17,133 | 5.0853 GBP | ||||
32 17/19p ordinary | Sale | 15,820 | 5.0762 GBP | ||||
32 17/19p ordinary | Sale | 15,063 | 5.0900 GBP | ||||
32 17/19p ordinary | Sale | 15,000 | 5.0609 GBP | ||||
32 17/19p ordinary | Sale | 9,718 | 5.0893 GBP | ||||
32 17/19p ordinary | Sale | 6,214 | 5.0821 GBP | ||||
32 17/19p ordinary | Sale | 5,592 | 5.0860 GBP | ||||
32 17/19p ordinary | Sale | 5,457 | 5.0863 GBP | ||||
32 17/19p ordinary | Sale | 4,414 | 5.0830 GBP | ||||
32 17/19p ordinary | Sale | 4,369 | 5.0850 GBP | ||||
32 17/19p ordinary | Sale | 3,853 | 5.0848 GBP | ||||
32 17/19p ordinary | Sale | 3,831 | 5.0864 GBP | ||||
32 17/19p ordinary | Sale | 3,762 | 5.0889 GBP | ||||
32 17/19p ordinary | Sale | 3,727 | 5.0841 GBP | ||||
32 17/19p ordinary | Sale | 3,262 | 5.0777 GBP | ||||
32 17/19p ordinary | Sale | 3,053 | 5.0600 GBP | ||||
32 17/19p ordinary | Sale | 2,815 | 5.0895 GBP | ||||
32 17/19p ordinary | Sale | 2,592 | 5.0832 GBP | ||||
32 17/19p ordinary | Sale | 1,720 | 5.0880 GBP | ||||
32 17/19p ordinary | Sale | 1,393 | 5.0770 GBP | ||||
32 17/19p ordinary | Sale | 1,068 | 5.0857 GBP | ||||
32 17/19p ordinary | Sale | 877 | 5.0800 GBP | ||||
32 17/19p ordinary | Sale | 872 | 5.0660 GBP | ||||
32 17/19p ordinary | Sale | 692 | 5.0820 GBP | ||||
32 17/19p ordinary | Sale | 520 | 5.0840 GBP | ||||
ADR | Sale | 458 | 12.9745 USD | ||||
32 17/19p ordinary | Sale | 347 | 5.0780 GBP | ||||
32 17/19p ordinary | Sale | 210 | 5.0855 GBP | ||||
32 17/19p ordinary | Sale | 145 | 5.1060 GBP | ||||
32 17/19p ordinary | Sale | 68 | 5.0779 GBP | ||||
32 17/19p ordinary | Sale | 23 | 5.0600 GBP | ||||
32 17/19p ordinary | Sale | 5 | 5.0600 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 | Decreasing Short | 79,604 | 5.0594 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 107,626 | 5.0600 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 32,403 | 5.0619 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 32,632 | 5.0632 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 30,820 | 5.0688 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 159,208 | 5.0704 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 18,147 | 5.0723 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 36,471 | 5.0730 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 3,262 | 5.0777 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 68 | 5.0779 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 73,354 | 5.0806 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 21,427 | 5.0825 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 9,472 | 5.0843 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 3,853 | 5.0848 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 396 | 5.0851 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 219 | 5.0852 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 1,068 | 5.0857 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 3,831 | 5.0864 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 7,265 | 5.0867 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 50 | 5.1100 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 356,086 | 5.0600 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 26,391 | 5.0601 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 38,033 | 5.0602 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 186,400 | 5.0687 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 91,020 | 5.0746 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 4,830 | 5.0757 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 5,719 | 5.0773 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 8,287 | 5.0774 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 1 | 5.0781 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 65,880 | 5.0783 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 1,978 | 5.0793 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 56,180 | 5.0799 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 112,703 | 5.0819 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 6,018 | 5.0827 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 3,643 | 5.0833 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 18,854 | 5.0851 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 1,033 | 5.0803 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 4,011 | 5.0600 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 93,681 | 5.0768 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 20,984 | 5.0824 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 43,326 | 5.0825 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 111,646 | 5.0604 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 35,112 | 5.0670 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 205 | 5.0763 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 46,989 | 5.0818 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 17,225 | 5.0841 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 333 | 5.1103 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: | 19 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 2025 | |
32 17/19p ordinary | Call Options | Purchased | 10,000 | 564.9600 | American | 19 Dec 2025 | |
32 17/19p ordinary | Call Options | Written | -241,309 | 4.4050 | European | 06 May 2025 | |
32 17/19p ordinary | Call Options | Written | -120,794 | 5.3305 | European | 06 Jun 2025 | |
32 17/19p ordinary | Call Options | Written | -104,581 | 5.3176 | European | 05 Jun 2025 | |
32 17/19p ordinary | Call Options | Written | -10,000 | 564.9600 | American | 19 Dec 2025 | |
32 17/19p ordinary | Put Options | Written | 10,000 | 462.2400 | American | 19 Dec 2025 | |
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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