16th Apr 2025 14:45
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: | 15 Apr 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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| 13,136,046 | 0.49% | 17,856,759 | 0.67% |
(2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 16,766,842 | 0.63% | 10,939,759 | 0.41% |
(3) | Stock-settled derivatives (including options) |
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| and agreements to purchase/sell: |
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| 0 | 0.00% | 225,375 | 0.01% |
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| TOTAL: |
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| 29,902,888 | 1.12% | 29,021,893 | 1.08% |
(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 |
| securities |
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32 17/19p ordinary | Purchase | 490,777 | 5.2184 GBP | ||||
32 17/19p ordinary | Purchase | 379,014 | 5.2260 GBP | ||||
32 17/19p ordinary | Purchase | 195,953 | 5.2310 GBP | ||||
32 17/19p ordinary | Purchase | 166,046 | 5.2151 GBP | ||||
32 17/19p ordinary | Purchase | 144,538 | 5.2199 GBP | ||||
32 17/19p ordinary | Purchase | 119,444 | 5.2264 GBP | ||||
32 17/19p ordinary | Purchase | 109,300 | 5.2110 GBP | ||||
32 17/19p ordinary | Purchase | 85,407 | 5.2239 GBP | ||||
32 17/19p ordinary | Purchase | 73,394 | 5.2221 GBP | ||||
32 17/19p ordinary | Purchase | 67,388 | 5.2341 GBP | ||||
32 17/19p ordinary | Purchase | 62,619 | 5.2237 GBP | ||||
32 17/19p ordinary | Purchase | 61,508 | 5.2196 GBP | ||||
32 17/19p ordinary | Purchase | 59,052 | 5.2267 GBP | ||||
32 17/19p ordinary | Purchase | 58,613 | 5.2202 GBP | ||||
32 17/19p ordinary | Purchase | 43,816 | 5.2173 GBP | ||||
32 17/19p ordinary | Purchase | 43,686 | 5.2230 GBP | ||||
32 17/19p ordinary | Purchase | 25,976 | 5.2329 GBP | ||||
32 17/19p ordinary | Purchase | 25,700 | 5.2206 GBP | ||||
32 17/19p ordinary | Purchase | 25,254 | 5.2268 GBP | ||||
32 17/19p ordinary | Purchase | 22,030 | 5.2403 GBP | ||||
32 17/19p ordinary | Purchase | 18,641 | 5.2217 GBP | ||||
32 17/19p ordinary | Purchase | 16,561 | 5.2216 GBP | ||||
32 17/19p ordinary | Purchase | 15,438 | 5.1807 GBP | ||||
32 17/19p ordinary | Purchase | 15,284 | 5.2096 GBP | ||||
32 17/19p ordinary | Purchase | 14,880 | 5.2228 GBP | ||||
32 17/19p ordinary | Purchase | 14,451 | 5.2209 GBP | ||||
32 17/19p ordinary | Purchase | 10,234 | 5.2380 GBP | ||||
32 17/19p ordinary | Purchase | 9,561 | 5.2381 GBP | ||||
32 17/19p ordinary | Purchase | 8,753 | 5.2123 GBP | ||||
32 17/19p ordinary | Purchase | 8,456 | 5.2400 GBP | ||||
32 17/19p ordinary | Purchase | 7,615 | 5.2270 GBP | ||||
32 17/19p ordinary | Purchase | 6,482 | 5.2180 GBP | ||||
32 17/19p ordinary | Purchase | 6,171 | 5.2300 GBP | ||||
32 17/19p ordinary | Purchase | 6,045 | 5.2167 GBP | ||||
32 17/19p ordinary | Purchase | 5,961 | 5.2420 GBP | ||||
32 17/19p ordinary | Purchase | 5,861 | 5.2251 GBP | ||||
32 17/19p ordinary | Purchase | 5,825 | 5.2262 GBP | ||||
32 17/19p ordinary | Purchase | 5,768 | 5.2385 GBP | ||||
32 17/19p ordinary | Purchase | 5,192 | 5.2190 GBP | ||||
32 17/19p ordinary | Purchase | 5,170 | 5.2080 GBP | ||||
32 17/19p ordinary | Purchase | 4,886 | 5.2253 GBP | ||||
32 17/19p ordinary | Purchase | 4,641 | 5.2293 GBP | ||||
32 17/19p ordinary | Purchase | 4,386 | 5.2130 GBP | ||||
32 17/19p ordinary | Purchase | 4,384 | 5.2210 GBP | ||||
ADR | Purchase | 4,256 | 13.9911 USD | ||||
32 17/19p ordinary | Purchase | 4,031 | 5.2241 GBP | ||||
ADR | Purchase | 3,982 | 13.9633 USD | ||||
32 17/19p ordinary | Purchase | 3,593 | 5.2140 GBP | ||||
32 17/19p ordinary | Purchase | 3,504 | 5.2102 GBP | ||||
32 17/19p ordinary | Purchase | 3,417 | 5.2174 GBP | ||||
32 17/19p ordinary | Purchase | 3,261 | 5.2108 GBP | ||||
32 17/19p ordinary | Purchase | 3,143 | 5.2480 GBP | ||||
32 17/19p ordinary | Purchase | 3,124 | 5.1600 GBP | ||||
32 17/19p ordinary | Purchase | 3,076 | 5.2285 GBP | ||||
32 17/19p ordinary | Purchase | 3,076 | 5.2094 GBP | ||||
32 17/19p ordinary | Purchase | 3,025 | 5.2179 GBP | ||||
32 17/19p ordinary | Purchase | 2,955 | 5.2434 GBP | ||||
32 17/19p ordinary | Purchase | 2,883 | 5.2040 GBP | ||||
32 17/19p ordinary | Purchase | 2,647 | 5.1972 GBP | ||||
32 17/19p ordinary | Purchase | 2,504 | 5.2328 GBP | ||||
32 17/19p ordinary | Purchase | 2,476 | 5.2020 GBP | ||||
32 17/19p ordinary | Purchase | 2,379 | 5.2120 GBP | ||||
32 17/19p ordinary | Purchase | 2,133 | 5.1860 GBP | ||||
32 17/19p ordinary | Purchase | 2,023 | 5.2011 GBP | ||||
32 17/19p ordinary | Purchase | 1,890 | 5.2097 GBP | ||||
32 17/19p ordinary | Purchase | 1,787 | 5.2352 GBP | ||||
32 17/19p ordinary | Purchase | 1,766 | 5.2500 GBP | ||||
32 17/19p ordinary | Purchase | 1,516 | 5.1640 GBP | ||||
32 17/19p ordinary | Purchase | 1,509 | 5.2159 GBP | ||||
32 17/19p ordinary | Purchase | 1,270 | 5.2177 GBP | ||||
32 17/19p ordinary | Purchase | 1,123 | 5.2460 GBP | ||||
32 17/19p ordinary | Purchase | 1,054 | 5.2010 GBP | ||||
32 17/19p ordinary | Purchase | 1,010 | 5.2104 GBP | ||||
32 17/19p ordinary | Purchase | 849 | 5.2440 GBP | ||||
32 17/19p ordinary | Purchase | 761 | 5.2030 GBP | ||||
32 17/19p ordinary | Purchase | 661 | 5.2160 GBP | ||||
32 17/19p ordinary | Purchase | 627 | 5.2060 GBP | ||||
32 17/19p ordinary | Purchase | 602 | 5.1930 GBP | ||||
32 17/19p ordinary | Purchase | 598 | 5.2220 GBP | ||||
32 17/19p ordinary | Purchase | 555 | 5.2100 GBP | ||||
32 17/19p ordinary | Purchase | 439 | 5.1560 GBP | ||||
32 17/19p ordinary | Purchase | 403 | 5.2273 GBP | ||||
32 17/19p ordinary | Purchase | 88 | 5.1960 GBP | ||||
32 17/19p ordinary | Sale | 350,000 | 5.2207 GBP | ||||
32 17/19p ordinary | Sale | 311,168 | 5.2411 GBP | ||||
32 17/19p ordinary | Sale | 208,973 | 5.2239 GBP | ||||
32 17/19p ordinary | Sale | 172,696 | 5.2159 GBP | ||||
32 17/19p ordinary | Sale | 117,479 | 5.2163 GBP | ||||
32 17/19p ordinary | Sale | 95,859 | 5.2260 GBP | ||||
32 17/19p ordinary | Sale | 94,835 | 5.2158 GBP | ||||
32 17/19p ordinary | Sale | 86,284 | 5.2222 GBP | ||||
32 17/19p ordinary | Sale | 82,480 | 5.2235 GBP | ||||
32 17/19p ordinary | Sale | 80,888 | 5.2226 GBP | ||||
32 17/19p ordinary | Sale | 74,065 | 5.2223 GBP | ||||
32 17/19p ordinary | Sale | 45,551 | 5.2214 GBP | ||||
32 17/19p ordinary | Sale | 41,974 | 5.2201 GBP | ||||
32 17/19p ordinary | Sale | 23,431 | 5.2116 GBP | ||||
32 17/19p ordinary | Sale | 16,800 | 5.2157 GBP | ||||
32 17/19p ordinary | Sale | 15,120 | 5.2292 GBP | ||||
32 17/19p ordinary | Sale | 15,117 | 5.2194 GBP | ||||
32 17/19p ordinary | Sale | 13,653 | 5.2220 GBP | ||||
32 17/19p ordinary | Sale | 10,943 | 5.2301 GBP | ||||
32 17/19p ordinary | Sale | 10,234 | 5.2380 GBP | ||||
32 17/19p ordinary | Sale | 9,345 | 5.2300 GBP | ||||
32 17/19p ordinary | Sale | 8,456 | 5.2400 GBP | ||||
32 17/19p ordinary | Sale | 7,917 | 5.2189 GBP | ||||
32 17/19p ordinary | Sale | 7,411 | 5.2199 GBP | ||||
32 17/19p ordinary | Sale | 7,293 | 5.2178 GBP | ||||
32 17/19p ordinary | Sale | 6,231 | 5.2100 GBP | ||||
32 17/19p ordinary | Sale | 5,961 | 5.2420 GBP | ||||
32 17/19p ordinary | Sale | 5,251 | 5.2205 GBP | ||||
32 17/19p ordinary | Sale | 5,170 | 5.2080 GBP | ||||
ADR | Sale | 4,256 | 13.9911 USD | ||||
32 17/19p ordinary | Sale | 4,150 | 5.2062 GBP | ||||
ADR | Sale | 3,982 | 13.9633 USD | ||||
32 17/19p ordinary | Sale | 3,977 | 5.2180 GBP | ||||
32 17/19p ordinary | Sale | 3,186 | 5.2117 GBP | ||||
32 17/19p ordinary | Sale | 3,143 | 5.2480 GBP | ||||
32 17/19p ordinary | Sale | 3,124 | 5.1600 GBP | ||||
32 17/19p ordinary | Sale | 3,000 | 5.2140 GBP | ||||
32 17/19p ordinary | Sale | 2,666 | 5.2112 GBP | ||||
32 17/19p ordinary | Sale | 2,379 | 5.2120 GBP | ||||
32 17/19p ordinary | Sale | 2,115 | 5.2275 GBP | ||||
32 17/19p ordinary | Sale | 1,766 | 5.2500 GBP | ||||
32 17/19p ordinary | Sale | 1,669 | 5.2165 GBP | ||||
32 17/19p ordinary | Sale | 1,516 | 5.1640 GBP | ||||
32 17/19p ordinary | Sale | 1,348 | 5.2224 GBP | ||||
32 17/19p ordinary | Sale | 1,207 | 5.2171 GBP | ||||
32 17/19p ordinary | Sale | 1,123 | 5.2460 GBP | ||||
32 17/19p ordinary | Sale | 1,119 | 5.2000 GBP | ||||
32 17/19p ordinary | Sale | 1,110 | 5.1472 GBP | ||||
32 17/19p ordinary | Sale | 1,062 | 5.2168 GBP | ||||
32 17/19p ordinary | Sale | 889 | 5.2278 GBP | ||||
32 17/19p ordinary | Sale | 849 | 5.2440 GBP | ||||
32 17/19p ordinary | Sale | 793 | 5.2160 GBP | ||||
32 17/19p ordinary | Sale | 761 | 5.2030 GBP | ||||
32 17/19p ordinary | Sale | 646 | 5.1960 GBP | ||||
32 17/19p ordinary | Sale | 627 | 5.2060 GBP | ||||
32 17/19p ordinary | Sale | 602 | 5.1930 GBP | ||||
32 17/19p ordinary | Sale | 439 | 5.1560 GBP | ||||
32 17/19p ordinary | Sale | 95 | 5.2070 GBP | ||||
32 17/19p ordinary | Sale | 33 | 5.1440 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 | Decreasing Short | 2,666 | 5.2112 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 172,696 | 5.2159 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 117,479 | 5.2163 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 73,867 | 5.2177 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 52,478 | 5.2180 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 92 | 5.2199 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 5,251 | 5.2205 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 84,972 | 5.2221 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 50,162 | 5.2224 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 38,428 | 5.2233 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 159,391 | 5.2257 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 47,594 | 5.2260 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 10,943 | 5.2301 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 99,810 | 5.2023 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 109,300 | 5.2110 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 43,816 | 5.2173 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 197,075 | 5.2183 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 5,192 | 5.2190 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 123,687 | 5.2199 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 3,818 | 5.2212 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 82,994 | 5.2213 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 13,394 | 5.2221 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 20,124 | 5.2228 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 4,199 | 5.2241 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 8,199 | 5.2242 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 13,063 | 5.2250 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 355,689 | 5.2260 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 74,460 | 5.2264 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 59,052 | 5.2267 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 7,615 | 5.2270 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 25,976 | 5.2329 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 961 | 5.2340 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 22,030 | 5.2351 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 9,935 | 5.2413 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 2,657 | 5.2156 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 46,800 | 5.2260 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 1,460 | 5.1416 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 33 | 5.1436 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 142 | 5.2100 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 3,315 | 5.2180 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 5,421 | 5.2216 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 4,237 | 5.2327 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 73,901 | 5.2119 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 3,800 | 5.2185 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 8,684 | 5.2206 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 13,122 | 5.2259 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 41,651 | 5.2263 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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| per unit |
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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: | 16 Apr 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 | -120,816 | 5.3305 | European | 06 Jun 2025 | |
32 17/19p ordinary | Call Options | Written | -104,559 | 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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