11th Apr 2025 15:15
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 relevant securities this form relates: | AVIVA PLC | |||||
(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: | 10 Apr 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? | YES: 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: | 13,104,707 | 0.49% | 18,419,157 | 0.69% | |||
(2) Cash-settled derivatives: | 17,693,658 | 0.66% | 10,372,401 | 0.39% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 225,373 | 0.01% | |||
TOTAL: | 30,798,365 | 1.15% | 29,016,931 | 1.08% | |||
(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 PERSON MAKING THE DISCLOSURE | ||||||
(a) | Purchase and sales | ||||||
Class of relevant security | Purchase/sale | Number of securities | Price per unit | ||||
32 17/19p ordinary | Purchase | 438,845 | 5.0777 GBP | ||||
32 17/19p ordinary | Purchase | 358,059 | 5.0014 GBP | ||||
32 17/19p ordinary | Purchase | 300,056 | 5.0268 GBP | ||||
32 17/19p ordinary | Purchase | 243,352 | 5.0440 GBP | ||||
32 17/19p ordinary | Purchase | 208,595 | 4.9773 GBP | ||||
32 17/19p ordinary | Purchase | 200,000 | 4.9860 GBP | ||||
32 17/19p ordinary | Purchase | 169,316 | 4.9978 GBP | ||||
32 17/19p ordinary | Purchase | 70,975 | 4.9848 GBP | ||||
32 17/19p ordinary | Purchase | 65,044 | 4.9631 GBP | ||||
32 17/19p ordinary | Purchase | 63,607 | 5.0024 GBP | ||||
32 17/19p ordinary | Purchase | 61,773 | 4.9734 GBP | ||||
32 17/19p ordinary | Purchase | 60,581 | 4.9641 GBP | ||||
32 17/19p ordinary | Purchase | 50,482 | 5.0126 GBP | ||||
32 17/19p ordinary | Purchase | 42,874 | 4.9936 GBP | ||||
32 17/19p ordinary | Purchase | 32,418 | 4.9632 GBP | ||||
32 17/19p ordinary | Purchase | 25,892 | 4.9869 GBP | ||||
32 17/19p ordinary | Purchase | 25,388 | 4.9630 GBP | ||||
32 17/19p ordinary | Purchase | 24,396 | 5.0106 GBP | ||||
32 17/19p ordinary | Purchase | 21,063 | 4.9720 GBP | ||||
32 17/19p ordinary | Purchase | 19,679 | 5.0118 GBP | ||||
32 17/19p ordinary | Purchase | 18,294 | 5.0012 GBP | ||||
32 17/19p ordinary | Purchase | 17,615 | 5.0581 GBP | ||||
32 17/19p ordinary | Purchase | 10,851 | 4.9888 GBP | ||||
32 17/19p ordinary | Purchase | 10,219 | 4.9949 GBP | ||||
32 17/19p ordinary | Purchase | 9,803 | 5.0013 GBP | ||||
32 17/19p ordinary | Purchase | 9,608 | 4.9925 GBP | ||||
32 17/19p ordinary | Purchase | 8,991 | 4.9611 GBP | ||||
32 17/19p ordinary | Purchase | 8,491 | 4.9810 GBP | ||||
32 17/19p ordinary | Purchase | 6,469 | 4.9637 GBP | ||||
32 17/19p ordinary | Purchase | 5,218 | 4.9873 GBP | ||||
32 17/19p ordinary | Purchase | 5,190 | 5.0399 GBP | ||||
32 17/19p ordinary | Purchase | 4,853 | 5.0109 GBP | ||||
32 17/19p ordinary | Purchase | 4,784 | 4.9639 GBP | ||||
ADR | Purchase | 3,686 | 13.5613 USD | ||||
32 17/19p ordinary | Purchase | 2,762 | 5.0016 GBP | ||||
32 17/19p ordinary | Purchase | 2,576 | 5.0415 GBP | ||||
32 17/19p ordinary | Purchase | 1,643 | 4.9731 GBP | ||||
32 17/19p ordinary | Purchase | 1,632 | 4.9826 GBP | ||||
32 17/19p ordinary | Purchase | 1,520 | 4.9654 GBP | ||||
ADR | Purchase | 1,254 | 13.6392 USD | ||||
32 17/19p ordinary | Purchase | 1,154 | 4.9840 GBP | ||||
32 17/19p ordinary | Purchase | 1,132 | 4.9944 GBP | ||||
32 17/19p ordinary | Purchase | 1,035 | 5.0130 GBP | ||||
32 17/19p ordinary | Purchase | 1,028 | 5.0004 GBP | ||||
32 17/19p ordinary | Purchase | 729 | 4.9650 GBP | ||||
32 17/19p ordinary | Purchase | 650 | 4.9580 GBP | ||||
32 17/19p ordinary | Purchase | 619 | 5.0020 GBP | ||||
32 17/19p ordinary | Purchase | 543 | 4.9740 GBP | ||||
32 17/19p ordinary | Purchase | 485 | 4.9682 GBP | ||||
32 17/19p ordinary | Purchase | 405 | 4.9660 GBP | ||||
32 17/19p ordinary | Purchase | 351 | 4.9829 GBP | ||||
32 17/19p ordinary | Purchase | 267 | 4.9642 GBP | ||||
32 17/19p ordinary | Purchase | 158 | 5.0220 GBP | ||||
32 17/19p ordinary | Purchase | 150 | 5.0160 GBP | ||||
32 17/19p ordinary | Purchase | 144 | 4.9600 GBP | ||||
32 17/19p ordinary | Purchase | 68 | 4.9935 GBP | ||||
32 17/19p ordinary | Purchase | 61 | 4.9614 GBP | ||||
32 17/19p ordinary | Purchase | 52 | 4.9620 GBP | ||||
32 17/19p ordinary | Purchase | 30 | 5.0060 GBP | ||||
32 17/19p ordinary | Purchase | 5 | 4.9640 GBP | ||||
32 17/19p ordinary | Sale | 653,535 | 5.0530 GBP | ||||
32 17/19p ordinary | Sale | 409,251 | 4.9630 GBP | ||||
32 17/19p ordinary | Sale | 404,306 | 4.9745 GBP | ||||
32 17/19p ordinary | Sale | 230,199 | 5.0498 GBP | ||||
32 17/19p ordinary | Sale | 220,209 | 4.9980 GBP | ||||
32 17/19p ordinary | Sale | 164,092 | 4.9996 GBP | ||||
32 17/19p ordinary | Sale | 105,693 | 5.0004 GBP | ||||
32 17/19p ordinary | Sale | 104,074 | 5.0522 GBP | ||||
32 17/19p ordinary | Sale | 98,478 | 5.0517 GBP | ||||
32 17/19p ordinary | Sale | 78,228 | 4.9841 GBP | ||||
32 17/19p ordinary | Sale | 69,008 | 5.0129 GBP | ||||
32 17/19p ordinary | Sale | 68,615 | 5.1251 GBP | ||||
32 17/19p ordinary | Sale | 66,485 | 4.9875 GBP | ||||
32 17/19p ordinary | Sale | 54,697 | 4.9936 GBP | ||||
32 17/19p ordinary | Sale | 54,697 | 4.9737 GBP | ||||
32 17/19p ordinary | Sale | 52,730 | 4.9620 GBP | ||||
32 17/19p ordinary | Sale | 47,346 | 4.9965 GBP | ||||
32 17/19p ordinary | Sale | 33,235 | 4.9871 GBP | ||||
32 17/19p ordinary | Sale | 32,724 | 4.9797 GBP | ||||
32 17/19p ordinary | Sale | 31,145 | 5.0944 GBP | ||||
32 17/19p ordinary | Sale | 18,704 | 5.0043 GBP | ||||
32 17/19p ordinary | Sale | 17,080 | 4.9796 GBP | ||||
32 17/19p ordinary | Sale | 16,745 | 4.9931 GBP | ||||
32 17/19p ordinary | Sale | 12,054 | 5.0133 GBP | ||||
32 17/19p ordinary | Sale | 11,499 | 5.0165 GBP | ||||
32 17/19p ordinary | Sale | 7,264 | 5.1044 GBP | ||||
32 17/19p ordinary | Sale | 6,952 | 5.1360 GBP | ||||
32 17/19p ordinary | Sale | 5,623 | 5.0678 GBP | ||||
32 17/19p ordinary | Sale | 4,629 | 4.9670 GBP | ||||
32 17/19p ordinary | Sale | 4,406 | 4.9849 GBP | ||||
ADR | Sale | 3,686 | 13.5613 USD | ||||
32 17/19p ordinary | Sale | 2,500 | 5.0100 GBP | ||||
32 17/19p ordinary | Sale | 2,145 | 5.0120 GBP | ||||
32 17/19p ordinary | Sale | 1,696 | 4.9906 GBP | ||||
32 17/19p ordinary | Sale | 1,595 | 4.9895 GBP | ||||
32 17/19p ordinary | Sale | 1,326 | 4.9626 GBP | ||||
ADR | Sale | 1,254 | 13.6392 USD | ||||
32 17/19p ordinary | Sale | 1,185 | 4.9920 GBP | ||||
32 17/19p ordinary | Sale | 1,160 | 5.0349 GBP | ||||
32 17/19p ordinary | Sale | 1,111 | 4.9701 GBP | ||||
32 17/19p ordinary | Sale | 1,021 | 5.0070 GBP | ||||
32 17/19p ordinary | Sale | 768 | 5.1239 GBP | ||||
32 17/19p ordinary | Sale | 729 | 4.9650 GBP | ||||
32 17/19p ordinary | Sale | 650 | 4.9580 GBP | ||||
32 17/19p ordinary | Sale | 650 | 4.9581 GBP | ||||
32 17/19p ordinary | Sale | 630 | 4.9720 GBP | ||||
32 17/19p ordinary | Sale | 598 | 4.9800 GBP | ||||
32 17/19p ordinary | Sale | 568 | 5.0520 GBP | ||||
32 17/19p ordinary | Sale | 534 | 5.0700 GBP | ||||
32 17/19p ordinary | Sale | 405 | 4.9660 GBP | ||||
32 17/19p ordinary | Sale | 386 | 5.0360 GBP | ||||
32 17/19p ordinary | Sale | 296 | 5.0720 GBP | ||||
32 17/19p ordinary | Sale | 148 | 4.9640 GBP | ||||
32 17/19p ordinary | Sale | 148 | 4.9850 GBP | ||||
32 17/19p ordinary | Sale | 138 | 4.9805 GBP | ||||
32 17/19p ordinary | Sale | 27 | 4.9795 GBP | ||||
(b) | Cash-settled derivative transactions | ||||||
Class of relevant security | Product description | Nature of dealing | Number of reference securities | Price per unit | |||
32 17/19p ordinary | SWAP | Decreasing Short | 52,730 | 4.9620 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 1,326 | 4.9626 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 51,518 | 4.9627 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 15,634 | 4.9630 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 28,065 | 4.9750 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 138 | 4.9805 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 67,824 | 4.9933 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 24,664 | 4.9952 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 158 | 4.9973 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 241 | 4.9976 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 15,942 | 4.9979 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 64,298 | 4.9996 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 105,693 | 5.0004 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 28,673 | 5.0144 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 11,499 | 5.0165 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 230,199 | 5.0498 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 104,074 | 5.0522 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 23,301 | 5.0684 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 25,104 | 5.1036 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 768 | 5.1239 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 43,511 | 5.1375 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 144 | 4.9600 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 8,991 | 4.9611 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 61 | 4.9614 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 14,123 | 4.9630 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 65,044 | 4.9631 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 6,469 | 4.9637 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 4,784 | 4.9639 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 9,414 | 4.9640 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 51,439 | 4.9641 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 724 | 4.9651 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 5 | 4.9660 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 138,325 | 4.9671 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 28,629 | 4.9715 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 18,011 | 4.9720 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 1,643 | 4.9731 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 3,995 | 4.9736 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 29,149 | 4.9752 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 18,182 | 4.9812 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 60,715 | 4.9825 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 200,000 | 4.9860 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 68 | 4.9934 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 8,864 | 4.9950 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 30,749 | 4.9996 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 3,208 | 5.0012 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 9,803 | 5.0013 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 3,447 | 5.0014 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 2,762 | 5.0016 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 619 | 5.0020 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 24,396 | 5.0106 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 50,482 | 5.0126 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 300,056 | 5.0268 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 76,130 | 5.0312 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 131,133 | 5.0345 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 243,352 | 5.0440 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 750 | 5.0998 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 505 | 5.1165 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 459 | 4.9626 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 11,856 | 4.9630 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 7,473 | 4.9650 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 190,780 | 4.9710 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 659 | 5.0882 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 56,726 | 5.0940 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 667 | 5.1091 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 918 | 5.1355 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 200 | 4.9603 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 918 | 4.9784 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 103,733 | 4.9859 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 122,123 | 5.0022 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 459 | 5.1363 GBP | |||
(c) | Stock-settled derivative transactions (including options) | ||||||
(i) | Writing, selling, purchasing or varying | ||||||
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 | Option money paid/ received per unit |
(ii) | Exercising |
| |||||
Class of relevant security | Product description | Exercising/ exercised against | Number of securities | Exercise price per unit | |||
(d) | Other dealings (including subscribing for new securities) | ||||||
Class of relevant security | Nature of Dealings | Details | Price per unit (if 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 person 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: | 11 Apr 2025 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||
| |||||||
SUPPLEMENTAL FORM 8 (OPEN POSITIONS) | |||||||
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 are being disclosed: | Barclays PLC. | ||||||
Name of offeror/offeree in relation to whose relevant securities this from relates: | AVIVA PLC | ||||||
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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 | -120,790 | 5.3305 | European | 06-Jun-25 | |
32 17/19p ordinary | Call Options | Written | -104,583 | 5.3176 | European | 05-Jun-25 | |
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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