23rd May 2025 08:26
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 | AVIVA 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: | 14 May 2025 | |||||
(f) | In addition to the company in 1(c) above, is the discloser making | YES: | |||||
disclosures in respect of any other party to the offer? | 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: | 11,428,936 | 0.43% | 16,568,676 | 0.62% | |||
(2) | Cash-settled derivatives: | ||||||
and/or controlled: | 15,930,458 | 0.59% | 10,540,359 | 0.39% | |||
(3) | Stock-settled derivatives (including options) | ||||||
and agreements to purchase/sell: | 0 | 0.00% | 225,370 | 0.01% | |||
TOTAL: | 27,359,394 | 1.02% | 27,334,405 | 1.02% | |||
(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 EXEMPT PRINCIPAL TRADER | ||||||
(a) | Purchases and sales | ||||||
Class of relevant | Purchase/sale | Number of | Price per unit | ||||
security | securities | ||||||
32 17/19p ordinary | Purchase | 544,527 | 5.7200 GBP | ||||
32 17/19p ordinary | Purchase | 390,439 | 5.7216 GBP | ||||
32 17/19p ordinary | Purchase | 335,857 | 5.7236 GBP | ||||
32 17/19p ordinary | Purchase | 325,033 | 5.7230 GBP | ||||
32 17/19p ordinary | Purchase | 287,178 | 5.7229 GBP | ||||
32 17/19p ordinary | Purchase | 137,099 | 5.7473 GBP | ||||
32 17/19p ordinary | Purchase | 130,522 | 5.7141 GBP | ||||
32 17/19p ordinary | Purchase | 106,960 | 5.7202 GBP | ||||
32 17/19p ordinary | Purchase | 105,618 | 5.7339 GBP | ||||
32 17/19p ordinary | Purchase | 103,223 | 5.7243 GBP | ||||
32 17/19p ordinary | Purchase | 88,615 | 5.7245 GBP | ||||
32 17/19p ordinary | Purchase | 84,347 | 5.7112 GBP | ||||
32 17/19p ordinary | Purchase | 82,940 | 5.7695 GBP | ||||
32 17/19p ordinary | Purchase | 69,788 | 5.7186 GBP | ||||
32 17/19p ordinary | Purchase | 55,061 | 5.7377 GBP | ||||
32 17/19p ordinary | Purchase | 53,800 | 5.7469 GBP | ||||
32 17/19p ordinary | Purchase | 46,963 | 5.7334 GBP | ||||
32 17/19p ordinary | Purchase | 39,632 | 5.7066 GBP | ||||
32 17/19p ordinary | Purchase | 32,311 | 5.7623 GBP | ||||
32 17/19p ordinary | Purchase | 29,180 | 5.7609 GBP | ||||
32 17/19p ordinary | Purchase | 20,729 | 5.7351 GBP | ||||
32 17/19p ordinary | Purchase | 20,198 | 5.7130 GBP | ||||
32 17/19p ordinary | Purchase | 17,839 | 5.7335 GBP | ||||
32 17/19p ordinary | Purchase | 17,567 | 5.7271 GBP | ||||
32 17/19p ordinary | Purchase | 17,136 | 5.7252 GBP | ||||
32 17/19p ordinary | Purchase | 14,248 | 5.7300 GBP | ||||
32 17/19p ordinary | Purchase | 13,407 | 5.7301 GBP | ||||
32 17/19p ordinary | Purchase | 13,265 | 5.7361 GBP | ||||
32 17/19p ordinary | Purchase | 9,767 | 5.7086 GBP | ||||
ADR | Purchase | 9,272 | 15.4508 USD | ||||
32 17/19p ordinary | Purchase | 8,299 | 5.7448 GBP | ||||
32 17/19p ordinary | Purchase | 8,241 | 5.7541 GBP | ||||
32 17/19p ordinary | Purchase | 8,123 | 5.7266 GBP | ||||
ADR | Purchase | 7,300 | 15.4624 USD | ||||
32 17/19p ordinary | Purchase | 6,274 | 5.7242 GBP | ||||
32 17/19p ordinary | Purchase | 5,917 | 5.7367 GBP | ||||
32 17/19p ordinary | Purchase | 5,528 | 5.7131 GBP | ||||
32 17/19p ordinary | Purchase | 4,845 | 5.7022 GBP | ||||
32 17/19p ordinary | Purchase | 4,800 | 5.7114 GBP | ||||
ADR | Purchase | 4,592 | 15.4235 USD | ||||
32 17/19p ordinary | Purchase | 4,101 | 5.7637 GBP | ||||
32 17/19p ordinary | Purchase | 4,019 | 5.7434 GBP | ||||
32 17/19p ordinary | Purchase | 3,337 | 5.7570 GBP | ||||
32 17/19p ordinary | Purchase | 2,521 | 5.7640 GBP | ||||
32 17/19p ordinary | Purchase | 2,299 | 5.7480 GBP | ||||
32 17/19p ordinary | Purchase | 2,036 | 5.7464 GBP | ||||
32 17/19p ordinary | Purchase | 2,001 | 5.7731 GBP | ||||
32 17/19p ordinary | Purchase | 1,903 | 5.7183 GBP | ||||
32 17/19p ordinary | Purchase | 1,849 | 5.7720 GBP | ||||
32 17/19p ordinary | Purchase | 1,784 | 5.7500 GBP | ||||
32 17/19p ordinary | Purchase | 1,600 | 5.7592 GBP | ||||
32 17/19p ordinary | Purchase | 1,524 | 5.7800 GBP | ||||
32 17/19p ordinary | Purchase | 1,485 | 5.7173 GBP | ||||
32 17/19p ordinary | Purchase | 1,247 | 5.7360 GBP | ||||
32 17/19p ordinary | Purchase | 1,234 | 5.7580 GBP | ||||
32 17/19p ordinary | Purchase | 1,168 | 5.7840 GBP | ||||
32 17/19p ordinary | Purchase | 1,126 | 5.7380 GBP | ||||
32 17/19p ordinary | Purchase | 1,048 | 5.7340 GBP | ||||
32 17/19p ordinary | Purchase | 990 | 5.7375 GBP | ||||
32 17/19p ordinary | Purchase | 990 | 5.7215 GBP | ||||
32 17/19p ordinary | Purchase | 815 | 5.7820 GBP | ||||
32 17/19p ordinary | Purchase | 596 | 5.7370 GBP | ||||
32 17/19p ordinary | Purchase | 566 | 5.7660 GBP | ||||
32 17/19p ordinary | Purchase | 548 | 5.7690 GBP | ||||
32 17/19p ordinary | Purchase | 532 | 5.7369 GBP | ||||
32 17/19p ordinary | Purchase | 528 | 5.7680 GBP | ||||
32 17/19p ordinary | Purchase | 495 | 5.7750 GBP | ||||
32 17/19p ordinary | Purchase | 495 | 5.7590 GBP | ||||
32 17/19p ordinary | Purchase | 433 | 5.7600 GBP | ||||
32 17/19p ordinary | Purchase | 383 | 5.7260 GBP | ||||
32 17/19p ordinary | Purchase | 382 | 5.7730 GBP | ||||
32 17/19p ordinary | Purchase | 287 | 5.7267 GBP | ||||
32 17/19p ordinary | Purchase | 286 | 5.7520 GBP | ||||
32 17/19p ordinary | Purchase | 266 | 5.7860 GBP | ||||
32 17/19p ordinary | Purchase | 224 | 5.7320 GBP | ||||
32 17/19p ordinary | Purchase | 217 | 5.7719 GBP | ||||
32 17/19p ordinary | Purchase | 205 | 5.7180 GBP | ||||
32 17/19p ordinary | Purchase | 77 | 5.7638 GBP | ||||
32 17/19p ordinary | Purchase | 69 | 5.7430 GBP | ||||
32 17/19p ordinary | Purchase | 35 | 5.7620 GBP | ||||
32 17/19p ordinary | Sale | 453,778 | 5.7200 GBP | ||||
32 17/19p ordinary | Sale | 252,706 | 5.7552 GBP | ||||
32 17/19p ordinary | Sale | 235,388 | 5.7216 GBP | ||||
32 17/19p ordinary | Sale | 143,350 | 5.7171 GBP | ||||
32 17/19p ordinary | Sale | 81,526 | 5.7250 GBP | ||||
32 17/19p ordinary | Sale | 58,646 | 5.7558 GBP | ||||
32 17/19p ordinary | Sale | 43,220 | 5.7363 GBP | ||||
32 17/19p ordinary | Sale | 28,744 | 5.7339 GBP | ||||
32 17/19p ordinary | Sale | 22,924 | 5.7091 GBP | ||||
32 17/19p ordinary | Sale | 13,303 | 5.7599 GBP | ||||
32 17/19p ordinary | Sale | 11,800 | 5.7320 GBP | ||||
32 17/19p ordinary | Sale | 10,000 | 5.7300 GBP | ||||
ADR | Sale | 9,272 | 15.4508 USD | ||||
32 17/19p ordinary | Sale | 8,594 | 5.7299 GBP | ||||
32 17/19p ordinary | Sale | 8,376 | 5.7188 GBP | ||||
32 17/19p ordinary | Sale | 8,283 | 5.7626 GBP | ||||
32 17/19p ordinary | Sale | 8,000 | 5.7341 GBP | ||||
ADR | Sale | 7,300 | 15.4624 USD | ||||
32 17/19p ordinary | Sale | 7,045 | 5.7315 GBP | ||||
32 17/19p ordinary | Sale | 5,802 | 5.7314 GBP | ||||
ADR | Sale | 4,592 | 15.4235 USD | ||||
32 17/19p ordinary | Sale | 4,069 | 5.7201 GBP | ||||
32 17/19p ordinary | Sale | 3,337 | 5.7570 GBP | ||||
32 17/19p ordinary | Sale | 3,222 | 5.7592 GBP | ||||
32 17/19p ordinary | Sale | 2,829 | 5.7242 GBP | ||||
32 17/19p ordinary | Sale | 2,557 | 5.7560 GBP | ||||
32 17/19p ordinary | Sale | 2,535 | 5.7340 GBP | ||||
32 17/19p ordinary | Sale | 2,506 | 5.7307 GBP | ||||
32 17/19p ordinary | Sale | 2,299 | 5.7480 GBP | ||||
32 17/19p ordinary | Sale | 2,021 | 5.7280 GBP | ||||
32 17/19p ordinary | Sale | 1,961 | 5.7110 GBP | ||||
32 17/19p ordinary | Sale | 1,849 | 5.7720 GBP | ||||
32 17/19p ordinary | Sale | 1,631 | 5.7374 GBP | ||||
32 17/19p ordinary | Sale | 1,607 | 5.7161 GBP | ||||
32 17/19p ordinary | Sale | 1,524 | 5.7800 GBP | ||||
32 17/19p ordinary | Sale | 1,499 | 5.6922 GBP | ||||
32 17/19p ordinary | Sale | 1,442 | 5.7640 GBP | ||||
32 17/19p ordinary | Sale | 1,405 | 5.7360 GBP | ||||
32 17/19p ordinary | Sale | 1,234 | 5.7580 GBP | ||||
32 17/19p ordinary | Sale | 1,168 | 5.7840 GBP | ||||
32 17/19p ordinary | Sale | 1,126 | 5.7380 GBP | ||||
32 17/19p ordinary | Sale | 1,057 | 5.7600 GBP | ||||
32 17/19p ordinary | Sale | 815 | 5.7820 GBP | ||||
32 17/19p ordinary | Sale | 573 | 5.7500 GBP | ||||
32 17/19p ordinary | Sale | 566 | 5.7660 GBP | ||||
32 17/19p ordinary | Sale | 548 | 5.7690 GBP | ||||
32 17/19p ordinary | Sale | 528 | 5.7680 GBP | ||||
32 17/19p ordinary | Sale | 487 | 5.7501 GBP | ||||
32 17/19p ordinary | Sale | 286 | 5.7520 GBP | ||||
32 17/19p ordinary | Sale | 266 | 5.7860 GBP | ||||
32 17/19p ordinary | Sale | 205 | 5.7180 GBP | ||||
32 17/19p ordinary | Sale | 176 | 5.7040 GBP | ||||
32 17/19p ordinary | Sale | 135 | 5.7365 GBP | ||||
32 17/19p ordinary | Sale | 56 | 5.7060 GBP | ||||
(b) | Cash-settled derivative transactions | ||||||
Class of | Product | Nature of dealing | Number of | Price per | |||
relevant | description | reference | unit | ||||
security | securities | ||||||
32 17/19p ordinary | SWAP | Increasing Long | 1,499 | 5.6922 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 143,350 | 5.7171 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 3,871 | 5.7188 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 396,661 | 5.7200 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 20,737 | 5.7269 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 64,840 | 5.7305 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 4,268 | 5.7315 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 335 | 5.7320 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 28,744 | 5.7339 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 1,487 | 5.7340 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 1,631 | 5.7374 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 2,557 | 5.7560 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 3,537 | 5.7768 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 4,845 | 5.7022 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 130,522 | 5.7141 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 85,773 | 5.7151 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 27,192 | 5.7169 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 1,903 | 5.7183 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 69,788 | 5.7186 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 42,560 | 5.7191 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 527,819 | 5.7200 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 351,475 | 5.7202 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 76,521 | 5.7230 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 335,857 | 5.7236 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 204,823 | 5.7243 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 182,402 | 5.7256 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 17,966 | 5.7264 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 42,560 | 5.7277 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 55,142 | 5.7295 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 10,574 | 5.7298 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 19,003 | 5.7324 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 2,066 | 5.7346 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 596 | 5.7370 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 6,309 | 5.7473 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 1,211 | 5.7500 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 1,079 | 5.7640 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 478 | 5.7840 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 1,744 | 5.7082 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 400 | 5.7650 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 333 | 5.7049 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 2,367 | 5.7055 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 22,503 | 5.7195 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 2,582 | 5.7315 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 74,004 | 5.7096 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 2,582 | 5.7203 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 15,735 | 5.7207 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 59,125 | 5.7260 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 837 | 5.7300 GBP | |||
(c) | Stock-settled derivative transactions (including options) | ||||||
(i) | Writing, selling, purchasing or varying | ||||||
Class | Product | Writing, | Number | Exercise | Type | Expiry | Option |
of | description | purchasing, | of | price | date | money | |
relevant | selling, | securities | per unit | paid/ | |||
security | varying etc | to which | received | ||||
option | per unit | ||||||
relates | |||||||
(ii) | Exercising | ||||||
Class of relevant | Product description | Exercising/ exercised against | Number of | Exercise price per | |||
security | securities | unit | |||||
(d) | Other dealings (including subscribing for new securities) | ||||||
Class of relevant | Nature of Dealings | Details | Price per unit (if | ||||
security | 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 exempt principal trader 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 | ||||||
Is a Supplemental Form 8 (Open Positions) attached? | YES | ||||||
Date of disclosure: | 22 May 2025 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||
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: | |||||||
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 | Call Options | Written | -120,789 | 5.3305 | European | 06-Jun-2026 | |
32 17/19p ordinary | Call Options | Written | -104,581 | 5.3176 | European | 05-Jun-2026 | |
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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