6th Feb 2025 15:13
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): |
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(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: | 05 Feb 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: | 24,351,982 | 0.91% | 23,967,613 | 0.90% | |||
(2) Cash-settled derivatives: | 6,359,933 | 0.24% | 18,615,312 | 0.70% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 20,000 | 0.00% | 486,675 | 0.02% | |||
TOTAL: | 30,731,915 | 1.15% | 43,069,600 | 1.61% | |||
(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 | 3,377,406 | 5.0780 GBP | ||||
32 17/19p ordinary | Purchase | 137,669 | 5.0574 GBP | ||||
32 17/19p ordinary | Purchase | 126,562 | 5.0531 GBP | ||||
32 17/19p ordinary | Purchase | 113,851 | 5.0474 GBP | ||||
32 17/19p ordinary | Purchase | 101,074 | 5.0635 GBP | ||||
32 17/19p ordinary | Purchase | 61,822 | 5.0416 GBP | ||||
32 17/19p ordinary | Purchase | 31,585 | 5.0524 GBP | ||||
32 17/19p ordinary | Purchase | 26,219 | 5.0767 GBP | ||||
32 17/19p ordinary | Purchase | 26,091 | 5.0717 GBP | ||||
32 17/19p ordinary | Purchase | 24,438 | 5.0452 GBP | ||||
32 17/19p ordinary | Purchase | 21,234 | 5.0768 GBP | ||||
32 17/19p ordinary | Purchase | 16,495 | 5.0393 GBP | ||||
32 17/19p ordinary | Purchase | 15,487 | 5.0781 GBP | ||||
32 17/19p ordinary | Purchase | 13,200 | 5.0493 GBP | ||||
32 17/19p ordinary | Purchase | 13,031 | 5.0290 GBP | ||||
32 17/19p ordinary | Purchase | 12,788 | 5.0263 GBP | ||||
32 17/19p ordinary | Purchase | 11,798 | 5.0409 GBP | ||||
32 17/19p ordinary | Purchase | 11,440 | 5.0645 GBP | ||||
32 17/19p ordinary | Purchase | 7,380 | 5.0632 GBP | ||||
32 17/19p ordinary | Purchase | 6,195 | 5.0247 GBP | ||||
32 17/19p ordinary | Purchase | 5,958 | 5.0402 GBP | ||||
32 17/19p ordinary | Purchase | 4,823 | 5.0533 GBP | ||||
32 17/19p ordinary | Purchase | 4,437 | 5.0508 GBP | ||||
32 17/19p ordinary | Purchase | 4,030 | 5.0260 GBP | ||||
32 17/19p ordinary | Purchase | 3,918 | 5.0540 GBP | ||||
32 17/19p ordinary | Purchase | 3,402 | 5.0651 GBP | ||||
32 17/19p ordinary | Purchase | 3,335 | 5.0445 GBP | ||||
32 17/19p ordinary | Purchase | 2,261 | 5.0579 GBP | ||||
32 17/19p ordinary | Purchase | 2,037 | 5.0441 GBP | ||||
32 17/19p ordinary | Purchase | 1,983 | 5.0460 GBP | ||||
32 17/19p ordinary | Purchase | 1,918 | 5.0657 GBP | ||||
32 17/19p ordinary | Purchase | 1,514 | 5.0700 GBP | ||||
32 17/19p ordinary | Purchase | 1,373 | 5.0640 GBP | ||||
32 17/19p ordinary | Purchase | 1,267 | 5.0400 GBP | ||||
32 17/19p ordinary | Purchase | 1,185 | 5.0660 GBP | ||||
32 17/19p ordinary | Purchase | 1,180 | 5.0280 GBP | ||||
32 17/19p ordinary | Purchase | 1,109 | 5.0607 GBP | ||||
32 17/19p ordinary | Purchase | 1,000 | 5.0572 GBP | ||||
32 17/19p ordinary | Purchase | 731 | 5.0680 GBP | ||||
32 17/19p ordinary | Purchase | 719 | 5.0420 GBP | ||||
32 17/19p ordinary | Purchase | 706 | 5.0667 GBP | ||||
32 17/19p ordinary | Purchase | 661 | 5.0200 GBP | ||||
ADR | Purchase | 600 | 12.8300 USD | ||||
32 17/19p ordinary | Purchase | 594 | 5.0591 GBP | ||||
32 17/19p ordinary | Purchase | 561 | 5.0240 GBP | ||||
32 17/19p ordinary | Purchase | 353 | 5.0426 GBP | ||||
32 17/19p ordinary | Purchase | 328 | 5.0440 GBP | ||||
32 17/19p ordinary | Purchase | 41 | 5.0580 GBP | ||||
32 17/19p ordinary | Purchase | 8 | 5.0620 GBP | ||||
32 17/19p ordinary | Sale | 5,844,147 | 5.0780 GBP | ||||
32 17/19p ordinary | Sale | 724,561 | 5.0240 GBP | ||||
32 17/19p ordinary | Sale | 126,492 | 5.0658 GBP | ||||
32 17/19p ordinary | Sale | 79,878 | 5.0677 GBP | ||||
32 17/19p ordinary | Sale | 59,559 | 5.0417 GBP | ||||
32 17/19p ordinary | Sale | 49,981 | 5.0559 GBP | ||||
32 17/19p ordinary | Sale | 43,003 | 5.0691 GBP | ||||
32 17/19p ordinary | Sale | 38,274 | 5.0593 GBP | ||||
32 17/19p ordinary | Sale | 35,738 | 5.0539 GBP | ||||
32 17/19p ordinary | Sale | 29,764 | 5.0728 GBP | ||||
32 17/19p ordinary | Sale | 28,759 | 5.0779 GBP | ||||
32 17/19p ordinary | Sale | 26,438 | 5.0612 GBP | ||||
32 17/19p ordinary | Sale | 21,234 | 5.0768 GBP | ||||
32 17/19p ordinary | Sale | 11,492 | 5.0714 GBP | ||||
32 17/19p ordinary | Sale | 10,239 | 5.0578 GBP | ||||
32 17/19p ordinary | Sale | 9,653 | 5.0362 GBP | ||||
32 17/19p ordinary | Sale | 7,721 | 5.0634 GBP | ||||
32 17/19p ordinary | Sale | 5,440 | 5.0343 GBP | ||||
32 17/19p ordinary | Sale | 4,900 | 5.0665 GBP | ||||
32 17/19p ordinary | Sale | 4,479 | 5.0631 GBP | ||||
32 17/19p ordinary | Sale | 4,328 | 5.0196 GBP | ||||
32 17/19p ordinary | Sale | 3,390 | 5.0724 GBP | ||||
32 17/19p ordinary | Sale | 2,668 | 5.0640 GBP | ||||
32 17/19p ordinary | Sale | 2,504 | 5.0667 GBP | ||||
32 17/19p ordinary | Sale | 2,000 | 5.0280 GBP | ||||
32 17/19p ordinary | Sale | 1,983 | 5.0460 GBP | ||||
32 17/19p ordinary | Sale | 1,907 | 5.0475 GBP | ||||
32 17/19p ordinary | Sale | 1,514 | 5.0700 GBP | ||||
32 17/19p ordinary | Sale | 1,322 | 5.0200 GBP | ||||
32 17/19p ordinary | Sale | 1,109 | 5.0607 GBP | ||||
32 17/19p ordinary | Sale | 1,000 | 5.0400 GBP | ||||
32 17/19p ordinary | Sale | 961 | 5.0690 GBP | ||||
32 17/19p ordinary | Sale | 941 | 5.0650 GBP | ||||
32 17/19p ordinary | Sale | 810 | 5.0741 GBP | ||||
32 17/19p ordinary | Sale | 805 | 5.0420 GBP | ||||
32 17/19p ordinary | Sale | 780 | 5.0616 GBP | ||||
32 17/19p ordinary | Sale | 771 | 5.0725 GBP | ||||
32 17/19p ordinary | Sale | 752 | 5.0610 GBP | ||||
32 17/19p ordinary | Sale | 731 | 5.0680 GBP | ||||
ADR | Sale | 600 | 12.8300 USD | ||||
32 17/19p ordinary | Sale | 587 | 5.0480 GBP | ||||
32 17/19p ordinary | Sale | 542 | 5.0560 GBP | ||||
32 17/19p ordinary | Sale | 531 | 5.0572 GBP | ||||
32 17/19p ordinary | Sale | 440 | 5.0220 GBP | ||||
32 17/19p ordinary | Sale | 348 | 5.0660 GBP | ||||
32 17/19p ordinary | Sale | 332 | 5.0585 GBP | ||||
32 17/19p ordinary | Sale | 139 | 5.0641 GBP | ||||
32 17/19p ordinary | Sale | 41 | 5.0580 GBP | ||||
32 17/19p ordinary | Sale | 8 | 5.0620 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 | 681 | 5.0140 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 48 | 5.0227 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 7,616 | 5.0287 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 587 | 5.0480 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 2,015 | 5.0487 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 14,579 | 5.0496 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 35,738 | 5.0539 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 33,387 | 5.0591 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 38,274 | 5.0593 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 11,338 | 5.0634 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 941 | 5.0650 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 4,900 | 5.0665 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 1,519 | 5.0667 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 166 | 5.0677 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 11,492 | 5.0714 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 3,390 | 5.0724 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 1,083 | 5.0769 USD | |||
32 17/19p ordinary | SWAP | Decreasing Short | 28,759 | 5.0779 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 5,733,542 | 5.0780 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 18,920 | 5.0398 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 7,836 | 5.0404 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 61,822 | 5.0416 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 35,735 | 5.0425 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 24,438 | 5.0452 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 96,614 | 5.0471 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 38,884 | 5.0473 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 31,585 | 5.0524 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 126,562 | 5.0531 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 5,457 | 5.0571 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 7,842 | 5.0585 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 1,300 | 5.0715 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 3,249 | 5.0731 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 37,281 | 5.0740 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 3,164,604 | 5.0780 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 15,487 | 5.0781 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 6,076 | 5.0445 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 4,541 | 5.0653 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 37,502 | 5.0743 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 16,478 | 5.0775 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 3,172 | 5.0776 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 143,350 | 5.1174 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 3,172 | 5.0243 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 29,873 | 5.0339 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 20,037 | 5.0506 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 600 | 5.0603 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 |
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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 |
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Is a Supplemental Form 8 (Open Positions) attached? | YES | ||||||
Date of disclosure: | 06 Feb 2025 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||
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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 | Put Options | Purchased | -10,000 | 462.2400 | American | 19-Dec-25 | |
32 17/19p ordinary | Call Options | Purchased | 10,000 | 564.9600 | American | 19-Dec-25 | |
32 17/19p ordinary | Call Options | Written | -241,308 | 4.4050 | European | 06-May-25 | |
32 17/19p ordinary | Call Options | Written | -120,790 | 5.3305 | European | 06-May-25 | |
32 17/19p ordinary | Call Options | Written | -104,577 | 5.3176 | European | 05-Jun-25 | |
32 17/19p ordinary | Call Options | Written | -10,000 | 564.9600 | American | 19-Dec-25 | |
32 17/19p ordinary | Put Options | Written | 10,000 | 462.2400 | American | 19-Dec-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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