7th Mar 2025 14:42
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: | 06 Mar 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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| 22,592,920 | 0.84% | 21,550,429 | 0.80% |
(2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 11,419,900 | 0.43% | 15,832,285 | 0.59% |
(3) | Stock-settled derivatives (including options) |
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| and agreements to purchase/sell: |
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| 0 | 0.00% | 225,398 | 0.01% |
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| TOTAL: |
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| 34,012,820 | 1.27% | 37,608,112 | 1.40% |
(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 | 885,118 | 5.3618 GBP | ||||
32 17/19p ordinary | Purchase | 309,729 | 5.3791 GBP | ||||
32 17/19p ordinary | Purchase | 250,642 | 5.3638 GBP | ||||
32 17/19p ordinary | Purchase | 250,426 | 5.4020 GBP | ||||
32 17/19p ordinary | Purchase | 237,940 | 5.4180 GBP | ||||
32 17/19p ordinary | Purchase | 182,152 | 5.3599 GBP | ||||
32 17/19p ordinary | Purchase | 179,258 | 5.3888 GBP | ||||
32 17/19p ordinary | Purchase | 160,830 | 5.3784 GBP | ||||
32 17/19p ordinary | Purchase | 131,334 | 5.3820 GBP | ||||
32 17/19p ordinary | Purchase | 75,450 | 5.3708 GBP | ||||
32 17/19p ordinary | Purchase | 74,223 | 5.3903 GBP | ||||
32 17/19p ordinary | Purchase | 73,025 | 5.3697 GBP | ||||
32 17/19p ordinary | Purchase | 37,825 | 5.3839 GBP | ||||
32 17/19p ordinary | Purchase | 35,351 | 5.3711 GBP | ||||
32 17/19p ordinary | Purchase | 29,970 | 5.3580 GBP | ||||
32 17/19p ordinary | Purchase | 29,071 | 5.3771 GBP | ||||
32 17/19p ordinary | Purchase | 27,261 | 5.3540 GBP | ||||
32 17/19p ordinary | Purchase | 23,900 | 5.4054 GBP | ||||
32 17/19p ordinary | Purchase | 21,461 | 5.4077 GBP | ||||
32 17/19p ordinary | Purchase | 19,778 | 5.3898 GBP | ||||
32 17/19p ordinary | Purchase | 15,755 | 5.3663 GBP | ||||
32 17/19p ordinary | Purchase | 15,529 | 5.3986 GBP | ||||
32 17/19p ordinary | Purchase | 14,745 | 5.3824 GBP | ||||
32 17/19p ordinary | Purchase | 12,384 | 5.3712 GBP | ||||
32 17/19p ordinary | Purchase | 11,938 | 5.3627 GBP | ||||
32 17/19p ordinary | Purchase | 11,517 | 5.3887 GBP | ||||
32 17/19p ordinary | Purchase | 11,276 | 5.3832 GBP | ||||
32 17/19p ordinary | Purchase | 10,262 | 5.4258 GBP | ||||
32 17/19p ordinary | Purchase | 9,472 | 5.3977 GBP | ||||
32 17/19p ordinary | Purchase | 8,788 | 5.3719 GBP | ||||
32 17/19p ordinary | Purchase | 7,950 | 5.3656 GBP | ||||
32 17/19p ordinary | Purchase | 7,095 | 5.3720 GBP | ||||
32 17/19p ordinary | Purchase | 6,549 | 5.4040 GBP | ||||
32 17/19p ordinary | Purchase | 6,341 | 5.3740 GBP | ||||
32 17/19p ordinary | Purchase | 6,147 | 5.3969 GBP | ||||
32 17/19p ordinary | Purchase | 5,668 | 5.3896 GBP | ||||
32 17/19p ordinary | Purchase | 5,555 | 5.3713 GBP | ||||
32 17/19p ordinary | Purchase | 4,946 | 5.3680 GBP | ||||
32 17/19p ordinary | Purchase | 4,201 | 5.3694 GBP | ||||
32 17/19p ordinary | Purchase | 3,994 | 5.3682 GBP | ||||
32 17/19p ordinary | Purchase | 3,160 | 5.3642 GBP | ||||
32 17/19p ordinary | Purchase | 2,953 | 5.3670 GBP | ||||
32 17/19p ordinary | Purchase | 2,500 | 5.3825 GBP | ||||
32 17/19p ordinary | Purchase | 2,488 | 5.3890 GBP | ||||
32 17/19p ordinary | Purchase | 2,431 | 5.4260 GBP | ||||
32 17/19p ordinary | Purchase | 2,429 | 5.3763 GBP | ||||
32 17/19p ordinary | Purchase | 1,917 | 5.3770 GBP | ||||
32 17/19p ordinary | Purchase | 1,447 | 5.3747 GBP | ||||
32 17/19p ordinary | Purchase | 1,430 | 5.3779 GBP | ||||
32 17/19p ordinary | Purchase | 1,390 | 5.3710 GBP | ||||
32 17/19p ordinary | Purchase | 1,381 | 5.4277 GBP | ||||
32 17/19p ordinary | Purchase | 1,366 | 5.3660 GBP | ||||
32 17/19p ordinary | Purchase | 1,046 | 5.3620 GBP | ||||
32 17/19p ordinary | Purchase | 993 | 5.3920 GBP | ||||
32 17/19p ordinary | Purchase | 983 | 5.4010 GBP | ||||
32 17/19p ordinary | Purchase | 862 | 5.4300 GBP | ||||
32 17/19p ordinary | Purchase | 796 | 5.3610 GBP | ||||
32 17/19p ordinary | Purchase | 681 | 5.3794 GBP | ||||
32 17/19p ordinary | Purchase | 650 | 5.3700 GBP | ||||
32 17/19p ordinary | Purchase | 622 | 5.3900 GBP | ||||
32 17/19p ordinary | Purchase | 534 | 5.4200 GBP | ||||
32 17/19p ordinary | Purchase | 512 | 5.3871 GBP | ||||
32 17/19p ordinary | Purchase | 88 | 5.4148 GBP | ||||
32 17/19p ordinary | Purchase | 50 | 5.4158 GBP | ||||
32 17/19p ordinary | Sale | 573,400 | 5.3603 GBP | ||||
32 17/19p ordinary | Sale | 527,974 | 5.3580 GBP | ||||
32 17/19p ordinary | Sale | 387,091 | 5.3787 GBP | ||||
32 17/19p ordinary | Sale | 186,098 | 5.3981 GBP | ||||
32 17/19p ordinary | Sale | 139,004 | 5.3957 GBP | ||||
32 17/19p ordinary | Sale | 120,038 | 5.4097 GBP | ||||
32 17/19p ordinary | Sale | 84,746 | 5.3770 GBP | ||||
32 17/19p ordinary | Sale | 62,913 | 5.3663 GBP | ||||
32 17/19p ordinary | Sale | 36,497 | 5.3594 GBP | ||||
32 17/19p ordinary | Sale | 29,853 | 5.3900 GBP | ||||
32 17/19p ordinary | Sale | 25,332 | 5.3682 GBP | ||||
32 17/19p ordinary | Sale | 21,751 | 5.3673 GBP | ||||
32 17/19p ordinary | Sale | 20,128 | 5.3748 GBP | ||||
32 17/19p ordinary | Sale | 19,510 | 5.3790 GBP | ||||
32 17/19p ordinary | Sale | 17,282 | 5.4088 GBP | ||||
32 17/19p ordinary | Sale | 16,175 | 5.4070 GBP | ||||
32 17/19p ordinary | Sale | 13,316 | 5.3796 GBP | ||||
32 17/19p ordinary | Sale | 10,998 | 5.3933 GBP | ||||
32 17/19p ordinary | Sale | 10,306 | 5.4000 GBP | ||||
32 17/19p ordinary | Sale | 10,262 | 5.4258 GBP | ||||
32 17/19p ordinary | Sale | 10,212 | 5.3762 GBP | ||||
32 17/19p ordinary | Sale | 10,000 | 5.3916 GBP | ||||
32 17/19p ordinary | Sale | 7,352 | 5.3820 GBP | ||||
32 17/19p ordinary | Sale | 6,953 | 5.3891 GBP | ||||
32 17/19p ordinary | Sale | 6,881 | 5.3962 GBP | ||||
32 17/19p ordinary | Sale | 6,549 | 5.4040 GBP | ||||
32 17/19p ordinary | Sale | 5,645 | 5.3779 GBP | ||||
32 17/19p ordinary | Sale | 4,834 | 5.3910 GBP | ||||
32 17/19p ordinary | Sale | 4,400 | 5.4102 GBP | ||||
32 17/19p ordinary | Sale | 4,336 | 5.3680 GBP | ||||
32 17/19p ordinary | Sale | 4,103 | 5.3899 GBP | ||||
32 17/19p ordinary | Sale | 3,034 | 5.4125 GBP | ||||
32 17/19p ordinary | Sale | 2,431 | 5.4260 GBP | ||||
32 17/19p ordinary | Sale | 1,931 | 5.3982 GBP | ||||
32 17/19p ordinary | Sale | 1,725 | 5.3591 GBP | ||||
32 17/19p ordinary | Sale | 1,676 | 5.3720 GBP | ||||
32 17/19p ordinary | Sale | 1,586 | 5.3560 GBP | ||||
32 17/19p ordinary | Sale | 1,480 | 5.3940 GBP | ||||
32 17/19p ordinary | Sale | 1,458 | 5.3751 GBP | ||||
32 17/19p ordinary | Sale | 1,457 | 5.3980 GBP | ||||
32 17/19p ordinary | Sale | 1,447 | 5.3753 GBP | ||||
32 17/19p ordinary | Sale | 1,390 | 5.3710 GBP | ||||
32 17/19p ordinary | Sale | 1,366 | 5.3660 GBP | ||||
32 17/19p ordinary | Sale | 1,283 | 5.3670 GBP | ||||
32 17/19p ordinary | Sale | 1,046 | 5.3620 GBP | ||||
32 17/19p ordinary | Sale | 993 | 5.3920 GBP | ||||
32 17/19p ordinary | Sale | 914 | 5.3640 GBP | ||||
32 17/19p ordinary | Sale | 881 | 5.3800 GBP | ||||
32 17/19p ordinary | Sale | 862 | 5.4300 GBP | ||||
32 17/19p ordinary | Sale | 796 | 5.3610 GBP | ||||
32 17/19p ordinary | Sale | 650 | 5.3700 GBP | ||||
32 17/19p ordinary | Sale | 621 | 5.3911 GBP | ||||
32 17/19p ordinary | Sale | 190 | 5.3740 GBP | ||||
32 17/19p ordinary | Sale | 47 | 5.3579 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 |
| reference | unit | |||
security |
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32 17/19p ordinary | SWAP | Increasing Long | 520,819 | 5.3603 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 24,643 | 5.3788 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 17,130 | 5.3789 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 70,935 | 5.3580 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 15,000 | 5.3591 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 36,497 | 5.3594 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 4,216 | 5.3606 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 1,679 | 5.3610 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 73 | 5.3695 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 3,750 | 5.3705 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 5,645 | 5.3779 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 20,212 | 5.3838 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 84,265 | 5.3929 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 135,237 | 5.3956 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 139,004 | 5.3957 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 6,881 | 5.3962 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 5,579 | 5.3991 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 10,306 | 5.4000 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 17,282 | 5.4088 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 115,454 | 5.4097 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 4,400 | 5.4102 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 4,050 | 5.4104 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 534 | 5.4159 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 600 | 5.3500 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 210,176 | 5.3580 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 140,900 | 5.3582 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 262,410 | 5.3587 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 236,383 | 5.3596 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 30,678 | 5.3676 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 10,663 | 5.3687 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 263 | 5.3703 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 131 | 5.3704 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 75,450 | 5.3708 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 35,351 | 5.3711 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 31,684 | 5.3720 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 86,512 | 5.3778 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 110,107 | 5.3779 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 309,729 | 5.3791 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 131,334 | 5.3820 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 13,036 | 5.4000 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 3,897 | 5.4004 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 242,830 | 5.4020 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 11,060 | 5.4098 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 47 | 5.4100 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 88 | 5.4148 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 237,940 | 5.4180 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 1,889 | 5.4052 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 7,590 | 5.3576 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 427,048 | 5.3580 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 914 | 5.3640 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 5,369 | 5.3814 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 2,063 | 5.4026 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 472 | 5.4179 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 10,262 | 5.4258 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 1,125 | 5.3464 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 130,132 | 5.3584 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 41,353 | 5.3639 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 2,670 | 5.3700 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 67,209 | 5.3706 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 60,071 | 5.3964 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 7,590 | 5.4263 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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(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: | 07 Mar 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 | Call Options | Written | -120,815 | 5.3305 | European | 06 Jun 2025
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32 17/19p ordinary | Call Options | Written | -104,583 | 5.3176 | European | 05 Jun 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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Related Shares:
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