16th May 2025 11:19
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: | 15 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: | 9,932,512 | 0.37% | 14,718,187 | 0.55% | |||
(2) | Cash-settled derivatives: | ||||||
and/or controlled: | 13,969,887 | 0.52% | 9,140,855 | 0.34% | |||
(3) | Stock-settled derivatives (including options) | ||||||
and agreements to purchase/sell: | 0 | 0.00% | 225,367 | 0.01% | |||
TOTAL: | 23,902,399 | 0.89% | 24,084,409 | 0.90% | |||
(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 | 3,032,777 | 5.8560 GBP | ||||
32 17/19p ordinary | Purchase | 499,377 | 5.8561 GBP | ||||
32 17/19p ordinary | Purchase | 437,592 | 5.7853 GBP | ||||
32 17/19p ordinary | Purchase | 357,439 | 5.8701 GBP | ||||
32 17/19p ordinary | Purchase | 163,510 | 5.8110 GBP | ||||
32 17/19p ordinary | Purchase | 73,159 | 5.8329 GBP | ||||
32 17/19p ordinary | Purchase | 56,543 | 5.8304 GBP | ||||
32 17/19p ordinary | Purchase | 49,675 | 5.8690 GBP | ||||
32 17/19p ordinary | Purchase | 43,300 | 5.7222 GBP | ||||
32 17/19p ordinary | Purchase | 33,873 | 5.9043 GBP | ||||
32 17/19p ordinary | Purchase | 33,124 | 5.6961 GBP | ||||
32 17/19p ordinary | Purchase | 20,698 | 5.8183 GBP | ||||
32 17/19p ordinary | Purchase | 15,511 | 5.7536 GBP | ||||
32 17/19p ordinary | Purchase | 12,770 | 5.8827 GBP | ||||
32 17/19p ordinary | Purchase | 11,933 | 5.8548 GBP | ||||
32 17/19p ordinary | Purchase | 10,175 | 5.8822 GBP | ||||
32 17/19p ordinary | Purchase | 8,600 | 5.9000 GBP | ||||
32 17/19p ordinary | Purchase | 7,806 | 5.8832 GBP | ||||
32 17/19p ordinary | Purchase | 6,203 | 5.8012 GBP | ||||
32 17/19p ordinary | Purchase | 5,202 | 5.8685 GBP | ||||
32 17/19p ordinary | Purchase | 4,709 | 5.8005 GBP | ||||
32 17/19p ordinary | Purchase | 4,235 | 5.8455 GBP | ||||
32 17/19p ordinary | Purchase | 4,081 | 5.8835 GBP | ||||
32 17/19p ordinary | Purchase | 3,547 | 5.8769 GBP | ||||
32 17/19p ordinary | Purchase | 3,513 | 5.8604 GBP | ||||
32 17/19p ordinary | Purchase | 3,497 | 5.8153 GBP | ||||
32 17/19p ordinary | Purchase | 2,915 | 5.7200 GBP | ||||
32 17/19p ordinary | Purchase | 2,000 | 5.6820 GBP | ||||
32 17/19p ordinary | Purchase | 1,766 | 5.8600 GBP | ||||
32 17/19p ordinary | Purchase | 1,693 | 5.8864 GBP | ||||
ADR | Purchase | 1,640 | 15.9110 USD | ||||
32 17/19p ordinary | Purchase | 1,469 | 5.8554 GBP | ||||
32 17/19p ordinary | Purchase | 1,323 | 5.8940 GBP | ||||
32 17/19p ordinary | Purchase | 1,313 | 5.8872 GBP | ||||
32 17/19p ordinary | Purchase | 1,169 | 5.8909 GBP | ||||
32 17/19p ordinary | Purchase | 1,101 | 5.7300 GBP | ||||
32 17/19p ordinary | Purchase | 1,049 | 5.8780 GBP | ||||
32 17/19p ordinary | Purchase | 984 | 5.8900 GBP | ||||
32 17/19p ordinary | Purchase | 957 | 5.7100 GBP | ||||
32 17/19p ordinary | Purchase | 954 | 5.8394 GBP | ||||
32 17/19p ordinary | Purchase | 858 | 5.8620 GBP | ||||
32 17/19p ordinary | Purchase | 721 | 5.8480 GBP | ||||
32 17/19p ordinary | Purchase | 656 | 5.8760 GBP | ||||
32 17/19p ordinary | Purchase | 574 | 5.8880 GBP | ||||
32 17/19p ordinary | Purchase | 506 | 5.8460 GBP | ||||
32 17/19p ordinary | Purchase | 467 | 5.7070 GBP | ||||
32 17/19p ordinary | Purchase | 438 | 5.8931 GBP | ||||
32 17/19p ordinary | Purchase | 428 | 5.9050 GBP | ||||
32 17/19p ordinary | Purchase | 392 | 5.8520 GBP | ||||
32 17/19p ordinary | Purchase | 388 | 5.8500 GBP | ||||
32 17/19p ordinary | Purchase | 290 | 5.8514 GBP | ||||
32 17/19p ordinary | Purchase | 288 | 5.8550 GBP | ||||
32 17/19p ordinary | Purchase | 169 | 5.8680 GBP | ||||
32 17/19p ordinary | Purchase | 17 | 5.9080 GBP | ||||
32 17/19p ordinary | Purchase | 9 | 5.6840 GBP | ||||
32 17/19p ordinary | Sale | 910,875 | 5.8548 GBP | ||||
32 17/19p ordinary | Sale | 771,010 | 5.8560 GBP | ||||
32 17/19p ordinary | Sale | 491,517 | 5.8424 GBP | ||||
32 17/19p ordinary | Sale | 334,529 | 5.8475 GBP | ||||
32 17/19p ordinary | Sale | 283,755 | 5.8511 GBP | ||||
32 17/19p ordinary | Sale | 273,753 | 5.8790 GBP | ||||
32 17/19p ordinary | Sale | 270,524 | 5.8799 GBP | ||||
32 17/19p ordinary | Sale | 216,997 | 5.7348 GBP | ||||
32 17/19p ordinary | Sale | 145,160 | 5.8720 GBP | ||||
32 17/19p ordinary | Sale | 143,350 | 5.7171 GBP | ||||
32 17/19p ordinary | Sale | 102,312 | 5.8699 GBP | ||||
32 17/19p ordinary | Sale | 90,451 | 5.8778 GBP | ||||
32 17/19p ordinary | Sale | 56,951 | 5.8837 GBP | ||||
32 17/19p ordinary | Sale | 48,732 | 5.8569 GBP | ||||
32 17/19p ordinary | Sale | 46,947 | 5.8705 GBP | ||||
32 17/19p ordinary | Sale | 46,211 | 5.8162 GBP | ||||
32 17/19p ordinary | Sale | 41,516 | 5.8631 GBP | ||||
32 17/19p ordinary | Sale | 32,994 | 5.6968 GBP | ||||
32 17/19p ordinary | Sale | 25,000 | 5.8831 GBP | ||||
32 17/19p ordinary | Sale | 24,747 | 5.8947 GBP | ||||
32 17/19p ordinary | Sale | 23,625 | 5.8546 GBP | ||||
32 17/19p ordinary | Sale | 22,641 | 5.8497 GBP | ||||
32 17/19p ordinary | Sale | 20,271 | 5.8554 GBP | ||||
32 17/19p ordinary | Sale | 19,900 | 5.8890 GBP | ||||
32 17/19p ordinary | Sale | 19,241 | 5.8822 GBP | ||||
32 17/19p ordinary | Sale | 16,375 | 5.8707 GBP | ||||
32 17/19p ordinary | Sale | 15,240 | 5.8572 GBP | ||||
32 17/19p ordinary | Sale | 14,889 | 5.8887 GBP | ||||
32 17/19p ordinary | Sale | 10,617 | 5.8870 GBP | ||||
32 17/19p ordinary | Sale | 7,302 | 5.8551 GBP | ||||
32 17/19p ordinary | Sale | 6,864 | 5.8860 GBP | ||||
32 17/19p ordinary | Sale | 4,730 | 5.8945 GBP | ||||
32 17/19p ordinary | Sale | 3,844 | 5.9002 GBP | ||||
32 17/19p ordinary | Sale | 3,745 | 5.7265 GBP | ||||
32 17/19p ordinary | Sale | 3,620 | 5.8868 GBP | ||||
32 17/19p ordinary | Sale | 3,382 | 5.7182 GBP | ||||
32 17/19p ordinary | Sale | 3,307 | 5.7302 GBP | ||||
32 17/19p ordinary | Sale | 2,102 | 5.7336 GBP | ||||
32 17/19p ordinary | Sale | 1,852 | 5.8917 GBP | ||||
ADR | Sale | 1,640 | 15.9110 USD | ||||
32 17/19p ordinary | Sale | 1,287 | 5.8600 GBP | ||||
32 17/19p ordinary | Sale | 1,278 | 5.8741 GBP | ||||
32 17/19p ordinary | Sale | 1,171 | 5.8620 GBP | ||||
32 17/19p ordinary | Sale | 1,101 | 5.7300 GBP | ||||
32 17/19p ordinary | Sale | 1,049 | 5.8780 GBP | ||||
32 17/19p ordinary | Sale | 984 | 5.8900 GBP | ||||
32 17/19p ordinary | Sale | 763 | 5.8940 GBP | ||||
32 17/19p ordinary | Sale | 721 | 5.8480 GBP | ||||
32 17/19p ordinary | Sale | 686 | 5.8861 GBP | ||||
32 17/19p ordinary | Sale | 656 | 5.8760 GBP | ||||
32 17/19p ordinary | Sale | 590 | 5.9070 GBP | ||||
32 17/19p ordinary | Sale | 506 | 5.8460 GBP | ||||
32 17/19p ordinary | Sale | 469 | 5.7085 GBP | ||||
32 17/19p ordinary | Sale | 428 | 5.9050 GBP | ||||
32 17/19p ordinary | Sale | 388 | 5.8500 GBP | ||||
32 17/19p ordinary | Sale | 290 | 5.8520 GBP | ||||
32 17/19p ordinary | Sale | 190 | 5.8669 GBP | ||||
32 17/19p ordinary | Sale | 122 | 5.8571 GBP | ||||
32 17/19p ordinary | Sale | 95 | 5.7119 GBP | ||||
32 17/19p ordinary | Sale | 17 | 5.9080 GBP | ||||
32 17/19p ordinary | Sale | 9 | 5.6840 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 | Decreasing Long | 32,311 | 5.7623 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 1,663 | 5.6923 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 143,350 | 5.7171 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 3,307 | 5.7302 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 44,230 | 5.8154 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 6,483 | 5.8415 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 491,517 | 5.8424 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 17,421 | 5.8446 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 334,529 | 5.8475 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 706 | 5.8548 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 293,009 | 5.8551 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 20,271 | 5.8554 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 343,200 | 5.8560 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 109,481 | 5.8561 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 41,516 | 5.8631 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 46,947 | 5.8705 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 145,160 | 5.8720 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 120,526 | 5.8729 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 90,451 | 5.8778 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 72,866 | 5.8797 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 114,706 | 5.8798 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 270,524 | 5.8799 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 28,650 | 5.8821 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 117,047 | 5.8834 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 36,180 | 5.8851 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 19,900 | 5.8890 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 957 | 5.7100 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 43,300 | 5.7222 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 17,434 | 5.7804 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 437,592 | 5.7853 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 7,299 | 5.8101 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 163,510 | 5.8110 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 8,214 | 5.8111 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 1,059 | 5.8146 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 11,636 | 5.8182 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 56,543 | 5.8304 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 4,235 | 5.8455 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 102 | 5.8520 GBP | |||
32 17/19p ordinary | SWAP | Opening Short | 2,664,822 | 5.8560 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 20,540 | 5.8562 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 33 | 5.8567 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 901 | 5.8569 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 11,110 | 5.8571 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 35,846 | 5.8577 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 85 | 5.8611 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 49,675 | 5.8689 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 284 | 5.6990 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 18,600 | 5.8560 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 2,300 | 5.8679 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 136 | 5.7127 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 8,844 | 5.7195 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 31,509 | 5.8265 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 2,596 | 5.8331 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 84,406 | 5.8782 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 697 | 5.8525 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 10,520 | 5.8552 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 3,161 | 5.8564 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: | 16 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 | -120,791 | 5.3305 | European | 06-Jun-2026 | |
32 17/19p ordinary | Call Options | Written | -104,576 | 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: | |||||||
Related Shares:
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