17th Apr 2025 12:17
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: | Jefferies International Limited |
(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. |
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(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | Aviva plc
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(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: For an opening position disclosure, state the latest practicable date prior to the disclosure |
16th April 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? If it is a cash offer or possible cash offer, state "N/A" |
Direct Line Insurance Group plc
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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:
| 32 17/19p ordinary | |||
| Interests | Short positions | ||
| Number | % | Number | % |
(1) Relevant securities owned and/or controlled: | 1,361,338 | 0.051 |
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(2) Cash-settled derivatives:
| 7,054,006 | 0.263 | 8,457,622 | 0.316 |
(3) Stock-settled derivatives 9,046,722 (including options) and agreements to purchase/sell: |
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TOTAL: | 8,415,344 | 0.314 | 8,457,622 | 0.316 |
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: |
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Details, including nature of the rights concerned and relevant percentages: |
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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 security | Purchase/sale
| Number of securities | Price per unit (GBX) |
32 17/19p ordinary
| Purchase
Sales
| 1,436 74 226 1,701 303 233 4,537 464 4,712 823 391 272 2,009 10,464 10,465 1,190 20,929 20,929 222 5,495 1,692 6,312 494 45,893 74 90,711 3,746 47,323 1,333 2,858 509,528 2,898 200 13,290 3,893
74 3,700 81 30 2,108 1,072 641 2,223 10,349 37 402 37 74 14 148 23 37 185 111 37 1,213 74 20,929 74 148 74 947 780 781 803 12,923 1,412 3,600 2,165 2,756 464 1,901 520 166,907 4,323 260 573 1,690 1,170 3,510 1,820 2,974 4,742 511,290 3,165 1,435 738 692 2,517 26,925 3,645 1,244 2,600 130 130 2,500 | 518.4000 518.4307 518.6000 519.0000 519.2000 519.4000 519.4371 519.6000 519.8400 520.0000 520.2000 520.4000 521.0800 521.4347 521.4348 521.6000 521.7478 522.3105 522.4400 522.5000 522.6000 522.8000 522.9000 523.0000 523.0361 523.2000 523.4000 523.4364 523.5000 523.8000 524.0000 524.1743 524.4200 524.6200 525.0200
518.6000 518.7455 518.9000 519.0000 519.4000 519.6000 519.8000 519.9233 520.0000 520.1000 520.2000 520.3000 520.6000 520.7000 520.7334 520.8000 521.2000 521.3000 521.4000 521.5000 521.6000 521.7000 521.7478 521.8000 521.9000 522.0000 522.1000 522.2000 522.3000 522.3400 522.4000 522.5000 522.6000 522.7000 522.8000 522.9000 523.0000 523.1000 523.1468 523.2000 523.3000 523.3400 523.4000 523.5000 523.6000 523.7000 523.8000 523.9000 524.0000 524.1000 524.2000 524.3000 524.4000 524.5000 524.6000 524.7000 524.8000 524.9000 525.0000 525.1000 525.1800 |
(b) Cash-settled derivative transactions
Class of relevant security | Product description e.g. CFD | Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position | Number of reference securities | Price per unit (GBX) |
32 17/19p ordinary | Swap | Reducing a long position | 2,898 | 524.1744 |
· Please note, please also see other deal section at the bottom of the form.
(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 |
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(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) |
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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" |
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" |
None |
(c) Attachments
Is a Supplemental Form 8 (Open Positions) attached? | NO |
| Date of disclosure: | 17th April 2025 |
| Contact name: | Jason Williams |
| Telephone number | 020 7029 8706 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.
*If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel's Market Surveillance Unit.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
Related Shares:
Aviva