15th Apr 2025 10:15
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: | Jefferies International Limited |
(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. |
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(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | Aviva plc
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(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: For an opening position disclosure, state the latest practicable date prior to the disclosure |
14th April 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? If it is a cash offer or possible cash offer, state "N/A" |
Direct Line Insurance Group plc
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2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE
If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in\ 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.
(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: | 1,370,743 | 0.051 |
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(2) Cash-settled derivatives:
| 7,056,904 | 0.264 | 8,457,622 | 0.315 |
(3) Stock-settled derivatives 9,046,722 (including options) and agreements to purchase/sell: |
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TOTAL: | 8,427,647 | 0.314 | 8,457,622 | 0.315 |
All interests and all short positions should be disclosed.
Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).
(b) Rights to subscribe for new securities (including directors' and other employee options)
Class of relevant security in relation to which subscription right exists: |
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Details, including nature of the rights concerned and relevant percentages: |
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3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.
The currency of all prices and other monetary amounts should be stated.
(a) Purchases and sales
Class of relevant security | Purchase/sale
| Number of securities | Price per unit (GBX) |
32 17/19p ordinary
| Purchases
Sales
| 5,462 100,345 114,680 1,795 1,897 1,205 3,186 1,507 8,524 2,119 2,517 100 4,161 143,350 2,264 6,840 1,893 71,675 9,656 5,799 3,858 18,398 23,521 15,229 3,316 6,981 8,800 10,204 5,697 12,025 7,933 998 53 3,871
61 18 79 64 79 135 501 1,837 2,942 913 1,509 764 2,383 2,479 349 2,603 4,265 1,384 3,563 3,349 3,708 17,742 2,142 1,804 4,881 2,645 3,023 1,305 3,932 27,145 6,928 1,850 2,086 2,476 958 37,104 4,086 2,195 3,264 23,212 10 519 619 1,221 771 86 284 540 200 218 997 30,697 52,689 2,442 38,740 3,919 160,469 18,398 18,181 3,427 4,076 2,169 669 2,408 827 135 213 135 95,554 483 80,178 270 508 523 405 146 405 540 135 405 675 270 | 508.2790 508.8945 509.3980 509.6000 509.8000 509.9000 510.0000 510.5000 510.6000 510.7000 510.8000 510.9000 511.0000 511.0200 511.2000 511.3000 511.4000 511.4200 511.5000 511.6000 511.7000 511.7953 511.8000 511.9000 512.0000 512.1000 512.2000 512.3000 512.4000 512.5000 512.7000 512.8000 513.2000 513.3000
504.6000 504.7000 505.0000 505.5000 506.3000 506.8000 506.9000 507.0000 507.1000 507.2000 507.3000 507.4000 507.5000 507.6000 507.7000 507.8000 507.9000 508.0000 508.1000 508.2000 508.3000 508.4000 508.5000 508.6000 508.7000 508.8000 508.9000 509.0000 509.1000 509.2000 509.3000 509.4000 509.5000 509.6000 509.7000 509.8000 509.9000 510.0000 510.1000 510.2000 510.4000 510.5000 510.6000 510.7000 510.8000 510.9000 511.0000 511.1000 511.1861 511.2000 511.3000 511.4000 511.4880 511.5000 511.6000 511.7000 511.7390 511.7953 511.8000 511.9000 512.0000 512.1000 512.2000 512.3000 512.4000 512.5000 512.6000 512.7000 512.8000 512.9000 513.0000 513.1000 513.2000 513.3000 513.4000 513.5000 513.6000 513.7000 513.8000 513.9000 514.0000 514.1000 |
(b) Cash-settled derivative transactions
Class of relevant security | Product description e.g. CFD | Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position | Number of reference securities | Price per unit (GBX) |
32 17/19p ordinary | Swap Swap Swap Swap Swap Swap Swap | Reducing a short position Increasing a long position Increasing a long position Increasing a long position Increasing a long position Increasing a long position Increasing a long position | 17,973 1,886 3,772 844 4,458 36,984 4,745 | 511.7000 511.4879 511.4879 511.4879 511.4879 511.4879 511.4879 |
· Please note, please also see other deal section at the bottom of the form.
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
Class of relevant security | Product description e.g. call option | Writing, purchasing, selling, varying etc. | Number of securities to which option relates | Exercise price per unit | Type e.g. American, European etc. | Expiry date | Option money paid/ received per unit |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit |
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(d) Other dealings (including subscribing for new securities)
Class of relevant security | Nature of dealing e.g. subscription, conversion | Details | Price per unit (if applicable) |
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4. OTHER INFORMATION
(a) Indemnity and other dealing 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: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none" |
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 or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none" |
None |
(c) Attachments
Is a Supplemental Form 8 (Open Positions) attached? | NO |
| Date of disclosure: | 15th April 2025 |
| Contact name: | Jason Williams |
| Telephone number | 020 7029 8706 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.
*If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel's Market Surveillance Unit.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
Related Shares:
Aviva