29th May 2025 15:10
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: | 28 May 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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| 6,277,141 | 0.23% | 18,107,298 | 0.68% |
(2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 16,748,029 | 0.63% | 5,343,064 | 0.20% |
(3) | Stock-settled derivatives (including options) |
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| and agreements to purchase/sell: |
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| 0 | 0.00% | 225,368 | 0.01% |
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| TOTAL: |
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| 23,025,170 | 0.86% | 23,675,730 | 0.88% |
(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 | 430,205 | 6.1560 GBP | ||||
32 17/19p ordinary | Purchase | 356,782 | 6.1940 GBP | ||||
32 17/19p ordinary | Purchase | 353,257 | 6.1077 GBP | ||||
32 17/19p ordinary | Purchase | 311,791 | 6.1000 GBP | ||||
32 17/19p ordinary | Purchase | 181,173 | 6.1316 GBP | ||||
32 17/19p ordinary | Purchase | 73,386 | 6.1744 GBP | ||||
32 17/19p ordinary | Purchase | 62,419 | 6.1312 GBP | ||||
32 17/19p ordinary | Purchase | 60,683 | 6.1148 GBP | ||||
32 17/19p ordinary | Purchase | 54,719 | 6.1464 GBP | ||||
32 17/19p ordinary | Purchase | 51,002 | 6.1383 GBP | ||||
32 17/19p ordinary | Purchase | 44,694 | 6.1082 GBP | ||||
32 17/19p ordinary | Purchase | 40,077 | 6.1012 GBP | ||||
32 17/19p ordinary | Purchase | 32,137 | 6.1414 GBP | ||||
32 17/19p ordinary | Purchase | 32,110 | 6.1106 GBP | ||||
32 17/19p ordinary | Purchase | 31,144 | 6.1946 GBP | ||||
32 17/19p ordinary | Purchase | 29,653 | 6.1711 GBP | ||||
32 17/19p ordinary | Purchase | 26,100 | 6.1967 GBP | ||||
32 17/19p ordinary | Purchase | 24,196 | 6.1230 GBP | ||||
32 17/19p ordinary | Purchase | 16,553 | 6.1861 GBP | ||||
32 17/19p ordinary | Purchase | 16,442 | 6.1411 GBP | ||||
32 17/19p ordinary | Purchase | 14,468 | 6.1107 GBP | ||||
32 17/19p ordinary | Purchase | 12,568 | 6.1468 GBP | ||||
32 17/19p ordinary | Purchase | 9,886 | 6.1393 GBP | ||||
32 17/19p ordinary | Purchase | 9,806 | 6.1336 GBP | ||||
32 17/19p ordinary | Purchase | 8,393 | 6.1466 GBP | ||||
32 17/19p ordinary | Purchase | 7,425 | 6.1061 GBP | ||||
32 17/19p ordinary | Purchase | 7,397 | 6.1049 GBP | ||||
32 17/19p ordinary | Purchase | 7,278 | 6.1788 GBP | ||||
32 17/19p ordinary | Purchase | 4,482 | 6.1385 GBP | ||||
32 17/19p ordinary | Purchase | 3,217 | 6.1389 GBP | ||||
ADR | Purchase | 3,200 | 16.6075 USD | ||||
32 17/19p ordinary | Purchase | 3,119 | 6.1510 GBP | ||||
32 17/19p ordinary | Purchase | 2,963 | 6.1353 GBP | ||||
32 17/19p ordinary | Purchase | 2,744 | 6.1072 GBP | ||||
32 17/19p ordinary | Purchase | 2,691 | 6.1401 GBP | ||||
32 17/19p ordinary | Purchase | 2,220 | 6.1360 GBP | ||||
32 17/19p ordinary | Purchase | 2,215 | 6.1309 GBP | ||||
32 17/19p ordinary | Purchase | 2,177 | 6.1428 GBP | ||||
32 17/19p ordinary | Purchase | 2,120 | 6.1394 GBP | ||||
32 17/19p ordinary | Purchase | 1,952 | 6.1460 GBP | ||||
32 17/19p ordinary | Purchase | 1,866 | 6.1299 GBP | ||||
32 17/19p ordinary | Purchase | 1,611 | 6.1474 GBP | ||||
32 17/19p ordinary | Purchase | 1,585 | 6.1160 GBP | ||||
32 17/19p ordinary | Purchase | 1,540 | 6.1080 GBP | ||||
32 17/19p ordinary | Purchase | 1,458 | 6.1283 GBP | ||||
32 17/19p ordinary | Purchase | 1,363 | 6.1328 GBP | ||||
32 17/19p ordinary | Purchase | 965 | 6.1349 GBP | ||||
32 17/19p ordinary | Purchase | 893 | 6.1396 GBP | ||||
32 17/19p ordinary | Purchase | 777 | 6.1060 GBP | ||||
32 17/19p ordinary | Purchase | 747 | 6.1140 GBP | ||||
32 17/19p ordinary | Purchase | 693 | 6.1477 GBP | ||||
32 17/19p ordinary | Purchase | 630 | 6.1413 GBP | ||||
32 17/19p ordinary | Purchase | 553 | 6.1210 GBP | ||||
32 17/19p ordinary | Purchase | 525 | 6.1175 GBP | ||||
32 17/19p ordinary | Purchase | 452 | 6.1390 GBP | ||||
32 17/19p ordinary | Purchase | 369 | 6.2240 GBP | ||||
32 17/19p ordinary | Purchase | 306 | 6.1660 GBP | ||||
32 17/19p ordinary | Purchase | 239 | 6.1362 GBP | ||||
ADR | Purchase | 150 | 16.6100 USD | ||||
32 17/19p ordinary | Purchase | 116 | 6.2200 GBP | ||||
32 17/19p ordinary | Purchase | 71 | 6.2180 GBP | ||||
32 17/19p ordinary | Purchase | 68 | 6.1050 GBP | ||||
32 17/19p ordinary | Purchase | 67 | 6.1730 GBP | ||||
32 17/19p ordinary | Purchase | 40 | 6.1132 GBP | ||||
32 17/19p ordinary | Purchase | 34 | 6.2120 GBP | ||||
32 17/19p ordinary | Purchase | 21 | 6.1430 GBP | ||||
32 17/19p ordinary | Sale | 639,563 | 6.1000 GBP | ||||
32 17/19p ordinary | Sale | 474,091 | 6.1560 GBP | ||||
32 17/19p ordinary | Sale | 182,362 | 6.1191 GBP | ||||
32 17/19p ordinary | Sale | 113,448 | 6.1453 GBP | ||||
32 17/19p ordinary | Sale | 108,662 | 6.1005 GBP | ||||
32 17/19p ordinary | Sale | 100,776 | 6.1425 GBP | ||||
32 17/19p ordinary | Sale | 86,880 | 6.1069 GBP | ||||
32 17/19p ordinary | Sale | 66,168 | 6.1446 GBP | ||||
32 17/19p ordinary | Sale | 65,466 | 6.1497 GBP | ||||
32 17/19p ordinary | Sale | 59,720 | 6.1075 GBP | ||||
32 17/19p ordinary | Sale | 57,433 | 6.1008 GBP | ||||
32 17/19p ordinary | Sale | 51,678 | 6.1180 GBP | ||||
32 17/19p ordinary | Sale | 29,836 | 6.1025 GBP | ||||
32 17/19p ordinary | Sale | 26,537 | 6.1477 GBP | ||||
32 17/19p ordinary | Sale | 23,705 | 6.1732 GBP | ||||
32 17/19p ordinary | Sale | 22,749 | 6.1584 GBP | ||||
32 17/19p ordinary | Sale | 17,919 | 6.1832 GBP | ||||
32 17/19p ordinary | Sale | 16,900 | 6.1203 GBP | ||||
32 17/19p ordinary | Sale | 16,825 | 6.2020 GBP | ||||
32 17/19p ordinary | Sale | 12,800 | 6.1404 GBP | ||||
32 17/19p ordinary | Sale | 9,586 | 6.1067 GBP | ||||
32 17/19p ordinary | Sale | 7,435 | 6.1084 GBP | ||||
32 17/19p ordinary | Sale | 6,991 | 6.1842 GBP | ||||
32 17/19p ordinary | Sale | 6,827 | 6.1841 GBP | ||||
32 17/19p ordinary | Sale | 6,750 | 6.1072 GBP | ||||
32 17/19p ordinary | Sale | 6,670 | 6.1476 GBP | ||||
32 17/19p ordinary | Sale | 5,784 | 6.1643 GBP | ||||
32 17/19p ordinary | Sale | 3,844 | 6.1769 GBP | ||||
32 17/19p ordinary | Sale | 3,697 | 6.1392 GBP | ||||
ADR | Sale | 3,200 | 16.6075 USD | ||||
32 17/19p ordinary | Sale | 2,216 | 6.1335 GBP | ||||
32 17/19p ordinary | Sale | 2,169 | 6.1550 GBP | ||||
32 17/19p ordinary | Sale | 2,121 | 6.1091 GBP | ||||
32 17/19p ordinary | Sale | 1,866 | 6.1305 GBP | ||||
32 17/19p ordinary | Sale | 1,815 | 6.1390 GBP | ||||
32 17/19p ordinary | Sale | 1,619 | 6.1160 GBP | ||||
32 17/19p ordinary | Sale | 1,610 | 6.2088 GBP | ||||
32 17/19p ordinary | Sale | 1,594 | 6.1094 GBP | ||||
32 17/19p ordinary | Sale | 1,540 | 6.1080 GBP | ||||
32 17/19p ordinary | Sale | 1,284 | 6.1060 GBP | ||||
32 17/19p ordinary | Sale | 1,143 | 6.1348 GBP | ||||
32 17/19p ordinary | Sale | 978 | 6.1465 GBP | ||||
32 17/19p ordinary | Sale | 887 | 6.2195 GBP | ||||
32 17/19p ordinary | Sale | 843 | 6.1076 GBP | ||||
32 17/19p ordinary | Sale | 840 | 6.2120 GBP | ||||
32 17/19p ordinary | Sale | 813 | 6.1959 GBP | ||||
32 17/19p ordinary | Sale | 800 | 6.1631 GBP | ||||
32 17/19p ordinary | Sale | 747 | 6.1140 GBP | ||||
32 17/19p ordinary | Sale | 679 | 6.1105 GBP | ||||
32 17/19p ordinary | Sale | 678 | 6.1090 GBP | ||||
32 17/19p ordinary | Sale | 676 | 6.1480 GBP | ||||
32 17/19p ordinary | Sale | 670 | 6.1403 GBP | ||||
32 17/19p ordinary | Sale | 607 | 6.1460 GBP | ||||
32 17/19p ordinary | Sale | 601 | 6.1936 GBP | ||||
32 17/19p ordinary | Sale | 587 | 6.1420 GBP | ||||
32 17/19p ordinary | Sale | 553 | 6.1210 GBP | ||||
32 17/19p ordinary | Sale | 525 | 6.1175 GBP | ||||
32 17/19p ordinary | Sale | 451 | 6.1340 GBP | ||||
32 17/19p ordinary | Sale | 446 | 6.2220 GBP | ||||
32 17/19p ordinary | Sale | 369 | 6.2240 GBP | ||||
32 17/19p ordinary | Sale | 306 | 6.1660 GBP | ||||
32 17/19p ordinary | Sale | 164 | 6.1040 GBP | ||||
ADR | Sale | 150 | 16.6100 USD | ||||
32 17/19p ordinary | Sale | 116 | 6.2200 GBP | ||||
32 17/19p ordinary | Sale | 91 | 6.1104 GBP | ||||
32 17/19p ordinary | Sale | 76 | 6.1103 GBP | ||||
32 17/19p ordinary | Sale | 56 | 6.2210 GBP | ||||
32 17/19p ordinary | Sale | 50 | 6.2112 GBP | ||||
32 17/19p ordinary | Sale | 21 | 6.1430 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 | 552,356 | 6.1000 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 32,826 | 6.1003 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 108,662 | 6.1005 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 57,433 | 6.1008 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 29,836 | 6.1025 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 14,893 | 6.1038 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 113,923 | 6.1057 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 9,586 | 6.1067 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 86,880 | 6.1069 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 6,750 | 6.1072 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 59,720 | 6.1075 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 843 | 6.1076 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 2,121 | 6.1091 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 1,594 | 6.1094 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 2,099 | 6.1100 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 1,699 | 6.1102 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 460 | 6.1104 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 386 | 6.1105 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 17,787 | 6.1252 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 100,776 | 6.1425 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 148,105 | 6.1453 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 978 | 6.1465 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 1,663 | 6.1466 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 33,142 | 6.1558 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 473,638 | 6.1560 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 36,134 | 6.1660 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 813 | 6.1959 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 308,032 | 6.1000 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 4,748 | 6.1003 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 40,077 | 6.1012 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 185,969 | 6.1034 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 15,871 | 6.1089 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 115,421 | 6.1128 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 60,683 | 6.1148 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 24,196 | 6.1230 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 8,826 | 6.1288 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 35,000 | 6.1294 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 62,419 | 6.1312 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 97,814 | 6.1314 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 67,338 | 6.1315 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 22,643 | 6.1321 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 16,021 | 6.1330 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 429,752 | 6.1560 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 295 | 6.1818 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 356,782 | 6.1940 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 1,500 | 6.1461 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 86,962 | 6.1000 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 6,524 | 6.1200 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 4,113 | 6.2015 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 4,113 | 6.1004 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 57,141 | 6.1085 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 41,506 | 6.1160 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 2,725 | 6.1249 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 17,460 | 6.1283 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 71 | 6.2184 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 3,472 | 6.1264 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: | 29 May 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 | -120,792 | 5.3305 | European | 06 Jun 2025 | |
32 17/19p ordinary | Call Options | Written | -104,576 | 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:
AvivaBarclays