24th Feb 2025 09:03
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 |
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| positions disclosed, if different from 1(a): | ||||||
(c) | Name of offeror/offeree in relation to whose | AVIVA PLC | |||||
| relevant securities this form relates: | ||||||
(d) | If an exempt fund manager connected with an |
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| offeror/offeree, state this and specify identity of | ||||||
| offeror/offeree: | ||||||
(e) | Date position held/dealing undertaken: | 21 Feb 2025 | |||||
(f) | In addition to the company in 1(c) above, is the discloser making | YES: |
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| disclosures in respect of any other party to the offer? | DIRECT LINE INSURANCE GROUP PLC |
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2. | POSITIONS OF THE PERSON MAKING THE DISCLOSURE | ||||||
(a) | Interests and short positions in the relevant securities of the offeror or offeree |
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| to which the disclosure relates following the dealing(if any) |
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Class of relevant security: | 32 17/19p ordinary | ||||||
| Interests | Short Positions | |||||
| Number | (%) | Number | (%) | |||
(1) | Relevant securities owned |
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| and/or controlled: |
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| 30,988,749 | 1.16% | 25,857,860 | 0.97% |
(2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 9,892,452 | 0.37% | 23,246,995 | 0.87% |
(3) | Stock-settled derivatives (including options) |
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| and agreements to purchase/sell: |
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| 20,000 | 0.00% | 486,683 | 0.02% |
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| TOTAL: |
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| 40,901,201 | 1.53% | 49,591,538 | 1.85% |
(b) | Rights to subscribe for new securities (including directors and other executive |
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| options) |
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Class of relevant security in relation to |
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which subscription right exists |
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Details, including nature of the rights |
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concerned and relevant percentages: |
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3. | DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER | ||||||
(a) | Purchases and sales |
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Class of relevant | Purchase/sale | Number of | Price per unit | ||||
security |
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32 17/19p ordinary | Purchase | 341,211 | 4.9818 GBP | ||||
32 17/19p ordinary | Purchase | 232,315 | 4.9812 GBP | ||||
32 17/19p ordinary | Purchase | 226,394 | 4.9730 GBP | ||||
32 17/19p ordinary | Purchase | 160,849 | 4.9814 GBP | ||||
32 17/19p ordinary | Purchase | 150,829 | 4.9800 GBP | ||||
32 17/19p ordinary | Purchase | 107,514 | 4.9745 GBP | ||||
32 17/19p ordinary | Purchase | 72,645 | 4.9762 GBP | ||||
32 17/19p ordinary | Purchase | 68,312 | 4.9863 GBP | ||||
32 17/19p ordinary | Purchase | 60,525 | 4.9750 GBP | ||||
32 17/19p ordinary | Purchase | 58,956 | 4.9862 GBP | ||||
32 17/19p ordinary | Purchase | 53,834 | 4.9786 GBP | ||||
32 17/19p ordinary | Purchase | 50,525 | 4.9761 GBP | ||||
32 17/19p ordinary | Purchase | 47,971 | 4.9860 GBP | ||||
32 17/19p ordinary | Purchase | 38,839 | 4.9794 GBP | ||||
32 17/19p ordinary | Purchase | 38,228 | 4.9773 GBP | ||||
32 17/19p ordinary | Purchase | 24,164 | 4.9774 GBP | ||||
32 17/19p ordinary | Purchase | 22,327 | 4.9748 GBP | ||||
32 17/19p ordinary | Purchase | 20,494 | 4.9819 GBP | ||||
32 17/19p ordinary | Purchase | 17,629 | 4.9624 GBP | ||||
32 17/19p ordinary | Purchase | 16,806 | 4.9825 GBP | ||||
32 17/19p ordinary | Purchase | 10,333 | 4.9772 GBP | ||||
32 17/19p ordinary | Purchase | 9,036 | 4.9795 GBP | ||||
32 17/19p ordinary | Purchase | 7,405 | 4.9718 GBP | ||||
32 17/19p ordinary | Purchase | 5,701 | 4.9838 GBP | ||||
32 17/19p ordinary | Purchase | 5,420 | 4.9706 GBP | ||||
32 17/19p ordinary | Purchase | 5,120 | 4.9615 GBP | ||||
32 17/19p ordinary | Purchase | 4,955 | 4.9872 GBP | ||||
32 17/19p ordinary | Purchase | 4,543 | 4.9727 GBP | ||||
32 17/19p ordinary | Purchase | 4,503 | 4.9580 GBP | ||||
32 17/19p ordinary | Purchase | 4,153 | 4.9771 GBP | ||||
32 17/19p ordinary | Purchase | 4,081 | 4.9743 GBP | ||||
32 17/19p ordinary | Purchase | 3,913 | 4.9821 GBP | ||||
32 17/19p ordinary | Purchase | 3,424 | 4.9836 GBP | ||||
32 17/19p ordinary | Purchase | 3,260 | 4.9751 GBP | ||||
32 17/19p ordinary | Purchase | 3,091 | 4.9683 GBP | ||||
32 17/19p ordinary | Purchase | 2,642 | 4.9801 GBP | ||||
32 17/19p ordinary | Purchase | 2,382 | 4.9823 GBP | ||||
32 17/19p ordinary | Purchase | 2,219 | 4.9900 GBP | ||||
32 17/19p ordinary | Purchase | 1,879 | 4.9687 GBP | ||||
32 17/19p ordinary | Purchase | 1,827 | 4.9930 GBP | ||||
32 17/19p ordinary | Purchase | 1,765 | 4.9720 GBP | ||||
32 17/19p ordinary | Purchase | 1,675 | 4.9861 GBP | ||||
32 17/19p ordinary | Purchase | 1,656 | 4.9754 GBP | ||||
32 17/19p ordinary | Purchase | 1,623 | 4.9670 GBP | ||||
32 17/19p ordinary | Purchase | 1,597 | 4.9602 GBP | ||||
32 17/19p ordinary | Purchase | 1,486 | 4.9650 GBP | ||||
32 17/19p ordinary | Purchase | 1,433 | 4.9798 GBP | ||||
32 17/19p ordinary | Purchase | 1,397 | 4.9870 GBP | ||||
32 17/19p ordinary | Purchase | 1,394 | 4.9600 GBP | ||||
ADR | Purchase | 1,200 | 12.7700 USD | ||||
32 17/19p ordinary | Purchase | 1,177 | 4.9765 GBP | ||||
32 17/19p ordinary | Purchase | 1,170 | 4.9610 GBP | ||||
32 17/19p ordinary | Purchase | 1,045 | 4.9595 GBP | ||||
32 17/19p ordinary | Purchase | 931 | 4.9590 GBP | ||||
32 17/19p ordinary | Purchase | 776 | 4.9715 GBP | ||||
32 17/19p ordinary | Purchase | 758 | 4.9950 GBP | ||||
32 17/19p ordinary | Purchase | 723 | 4.9575 GBP | ||||
32 17/19p ordinary | Purchase | 657 | 4.9560 GBP | ||||
32 17/19p ordinary | Purchase | 511 | 4.9760 GBP | ||||
32 17/19p ordinary | Purchase | 418 | 4.9780 GBP | ||||
32 17/19p ordinary | Purchase | 369 | 4.9840 GBP | ||||
32 17/19p ordinary | Purchase | 362 | 4.9770 GBP | ||||
32 17/19p ordinary | Purchase | 357 | 4.9910 GBP | ||||
32 17/19p ordinary | Purchase | 220 | 4.9830 GBP | ||||
32 17/19p ordinary | Purchase | 183 | 4.9740 GBP | ||||
32 17/19p ordinary | Purchase | 77 | 4.9890 GBP | ||||
32 17/19p ordinary | Purchase | 64 | 4.9790 GBP | ||||
32 17/19p ordinary | Purchase | 20 | 4.9510 GBP | ||||
32 17/19p ordinary | Sale | 580,872 | 4.9800 GBP | ||||
32 17/19p ordinary | Sale | 165,105 | 4.9849 GBP | ||||
32 17/19p ordinary | Sale | 119,324 | 4.9827 GBP | ||||
32 17/19p ordinary | Sale | 97,621 | 4.9860 GBP | ||||
32 17/19p ordinary | Sale | 86,010 | 4.9610 GBP | ||||
32 17/19p ordinary | Sale | 75,437 | 4.9834 GBP | ||||
32 17/19p ordinary | Sale | 61,690 | 4.9746 GBP | ||||
32 17/19p ordinary | Sale | 60,637 | 4.9821 GBP | ||||
32 17/19p ordinary | Sale | 58,615 | 4.9859 GBP | ||||
32 17/19p ordinary | Sale | 49,981 | 4.9808 GBP | ||||
32 17/19p ordinary | Sale | 41,600 | 4.9887 GBP | ||||
32 17/19p ordinary | Sale | 35,871 | 4.9804 GBP | ||||
32 17/19p ordinary | Sale | 25,156 | 4.9801 GBP | ||||
32 17/19p ordinary | Sale | 19,753 | 4.9855 GBP | ||||
32 17/19p ordinary | Sale | 15,867 | 4.9741 GBP | ||||
32 17/19p ordinary | Sale | 10,789 | 4.9842 GBP | ||||
32 17/19p ordinary | Sale | 9,420 | 4.9778 GBP | ||||
32 17/19p ordinary | Sale | 8,931 | 4.9721 GBP | ||||
32 17/19p ordinary | Sale | 8,215 | 4.9726 GBP | ||||
32 17/19p ordinary | Sale | 6,354 | 4.9607 GBP | ||||
32 17/19p ordinary | Sale | 5,336 | 4.9580 GBP | ||||
32 17/19p ordinary | Sale | 4,117 | 4.9796 GBP | ||||
32 17/19p ordinary | Sale | 3,836 | 4.9893 GBP | ||||
32 17/19p ordinary | Sale | 2,839 | 4.9757 GBP | ||||
32 17/19p ordinary | Sale | 2,220 | 4.9830 GBP | ||||
32 17/19p ordinary | Sale | 2,219 | 4.9900 GBP | ||||
32 17/19p ordinary | Sale | 2,186 | 4.9802 GBP | ||||
32 17/19p ordinary | Sale | 1,856 | 4.9677 GBP | ||||
32 17/19p ordinary | Sale | 1,765 | 4.9720 GBP | ||||
32 17/19p ordinary | Sale | 1,656 | 4.9754 GBP | ||||
32 17/19p ordinary | Sale | 1,619 | 4.9758 GBP | ||||
32 17/19p ordinary | Sale | 1,486 | 4.9650 GBP | ||||
32 17/19p ordinary | Sale | 1,483 | 4.9854 GBP | ||||
32 17/19p ordinary | Sale | 1,397 | 4.9870 GBP | ||||
32 17/19p ordinary | Sale | 1,249 | 4.9679 GBP | ||||
ADR | Sale | 1,200 | 12.7700 USD | ||||
32 17/19p ordinary | Sale | 1,173 | 4.9560 GBP | ||||
32 17/19p ordinary | Sale | 1,000 | 4.9670 GBP | ||||
32 17/19p ordinary | Sale | 931 | 4.9590 GBP | ||||
32 17/19p ordinary | Sale | 858 | 4.9730 GBP | ||||
32 17/19p ordinary | Sale | 776 | 4.9715 GBP | ||||
32 17/19p ordinary | Sale | 758 | 4.9950 GBP | ||||
32 17/19p ordinary | Sale | 723 | 4.9575 GBP | ||||
32 17/19p ordinary | Sale | 639 | 4.9851 GBP | ||||
32 17/19p ordinary | Sale | 511 | 4.9760 GBP | ||||
32 17/19p ordinary | Sale | 418 | 4.9780 GBP | ||||
32 17/19p ordinary | Sale | 369 | 4.9840 GBP | ||||
32 17/19p ordinary | Sale | 362 | 4.9770 GBP | ||||
32 17/19p ordinary | Sale | 357 | 4.9910 GBP | ||||
32 17/19p ordinary | Sale | 183 | 4.9740 GBP | ||||
32 17/19p ordinary | Sale | 140 | 4.9889 GBP | ||||
32 17/19p ordinary | Sale | 64 | 4.9790 GBP | ||||
32 17/19p ordinary | Sale | 62 | 4.9923 GBP | ||||
32 17/19p ordinary | Sale | 17 | 4.9920 GBP | ||||
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(b) | Cash-settled derivative transactions |
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Class of | Product | Nature of dealing | Number of | Price per | |||
relevant | description |
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security |
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32 17/19p ordinary | SWAP | Decreasing Short | 86,010 | 4.9610 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 1,249 | 4.9680 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 6,146 | 4.9717 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 9,056 | 4.9734 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 15,867 | 4.9741 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 27,084 | 4.9744 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 25,550 | 4.9752 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 4,117 | 4.9796 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 2,186 | 4.9802 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 37,318 | 4.9804 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 49,981 | 4.9808 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 3,866 | 4.9816 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 1,013 | 4.9819 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 119,324 | 4.9827 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 71,460 | 4.9844 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 536 | 4.9850 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 17,958 | 4.9855 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 51,635 | 4.9857 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 58,615 | 4.9859 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 76,188 | 4.9860 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 19,122 | 4.9862 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 140 | 4.9889 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 3,836 | 4.9894 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 291 | 4.9660 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 1,879 | 4.9687 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 4,543 | 4.9727 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 6,389 | 4.9730 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 4,081 | 4.9743 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 50,525 | 4.9761 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 101,750 | 4.9762 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 4,153 | 4.9771 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 15,583 | 4.9796 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 32,598 | 4.9798 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 146,660 | 4.9803 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 20,494 | 4.9819 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 16,806 | 4.9825 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 36,918 | 4.9853 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 15,769 | 4.9860 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 60,631 | 4.9861 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 68,312 | 4.9863 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 13,822 | 4.9883 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 12,871 | 4.9806 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 16,440 | 4.9807 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 61,936 | 4.9855 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 1,390 | 4.9856 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 1,390 | 4.9583 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 23,152 | 4.9736 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 717 | 4.9763 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 483 | 4.9767 GBP | |||
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(c) | Stock-settled derivative transactions (including options) |
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(i) | Writing, selling, purchasing or varying |
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Class | Product | Writing, | Number | Exercise | Type | Expiry | Option |
of | description | purchasing, | of | price |
| date | money |
relevant |
| selling, | securities | per unit |
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security |
| varying etc | to which |
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| received |
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| option |
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| per unit |
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(ii) | Exercising |
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Class of relevant | Product description | Exercising/ exercised against | Number of | Exercise price per | |||
security |
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(d) | Other dealings (including subscribing for new securities) |
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Class of relevant | Nature of Dealings | Details | Price per unit (if | ||||
security |
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4. | OTHER INFORMATION | ||||||
(a) | Indemnity and other dealings arrangements |
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Details of any indemnity or option arrangement, or any agreement or understanding, |
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formal or informal, relating to relevant securities which may be an inducement to deal |
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or refrain from dealing entered into by the exempt principal trader making the disclosure and any party |
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to the offer or any person acting in concert with a party to the offer: |
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NONE | |||||||
(b) | Agreements, arrangements or understandings relating to options or derivatives |
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Details of any agreement, arrangement or understanding, formal or informal, between |
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the person making the disclosure and any other person relating to: |
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(i) the voting rights of any relevant securities under any option; or |
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(ii) the voting rights of future acquisition or disposal of any relevant securities to which |
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any derivative is referenced: |
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NONE | |||||||
(c) | Attachments |
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Is a Supplemental Form 8 (Open Positions) attached? | YES | ||||||
Date of disclosure: | 24 Feb 2025 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||
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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 | Barclays PLC. | ||||||
are being disclosed: | |||||||
Name of offeror/offeree in relation to whose | AVIVA PLC | ||||||
relevant securities this from relates: | |||||||
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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 | -241,315 | 4.4050 | European | 06 May 2025 | |
32 17/19p ordinary | Call Options | Written | -120,789 | 5.3305 | European | 06 Jun 2025 | |
32 17/19p ordinary | Call Options | Written | -104,579 | 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 | |
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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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