25th Feb 2025 13:07
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: | 24 Feb 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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| 30,237,261 | 1.13% | 26,637,121 | 0.99% |
(2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 10,644,561 | 0.40% | 22,535,751 | 0.84% |
(3) | Stock-settled derivatives (including options) |
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| and agreements to purchase/sell: |
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| 20,000 | 0.00% | 486,689 | 0.02% |
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| TOTAL: |
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| 40,901,822 | 1.53% | 49,659,561 | 1.85% |
(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 | 438,799 | 4.9923 GBP | ||||
32 17/19p ordinary | Purchase | 206,751 | 5.0207 GBP | ||||
32 17/19p ordinary | Purchase | 171,767 | 5.0280 GBP | ||||
32 17/19p ordinary | Purchase | 168,895 | 4.9896 GBP | ||||
32 17/19p ordinary | Purchase | 159,116 | 4.9889 GBP | ||||
32 17/19p ordinary | Purchase | 144,442 | 4.9938 GBP | ||||
32 17/19p ordinary | Purchase | 113,933 | 4.9909 GBP | ||||
32 17/19p ordinary | Purchase | 65,738 | 4.9887 GBP | ||||
32 17/19p ordinary | Purchase | 51,133 | 5.0050 GBP | ||||
32 17/19p ordinary | Purchase | 50,235 | 4.9894 GBP | ||||
32 17/19p ordinary | Purchase | 41,681 | 4.9968 GBP | ||||
32 17/19p ordinary | Purchase | 38,637 | 4.9899 GBP | ||||
32 17/19p ordinary | Purchase | 28,149 | 4.9868 GBP | ||||
32 17/19p ordinary | Purchase | 26,740 | 4.9911 GBP | ||||
32 17/19p ordinary | Purchase | 24,932 | 4.9860 GBP | ||||
32 17/19p ordinary | Purchase | 21,666 | 5.0067 GBP | ||||
32 17/19p ordinary | Purchase | 17,418 | 4.9992 GBP | ||||
32 17/19p ordinary | Purchase | 17,273 | 4.9864 GBP | ||||
32 17/19p ordinary | Purchase | 13,249 | 5.0270 GBP | ||||
32 17/19p ordinary | Purchase | 12,543 | 4.9866 GBP | ||||
32 17/19p ordinary | Purchase | 10,722 | 4.9862 GBP | ||||
32 17/19p ordinary | Purchase | 10,403 | 4.9901 GBP | ||||
32 17/19p ordinary | Purchase | 8,535 | 5.0284 GBP | ||||
32 17/19p ordinary | Purchase | 7,797 | 4.9883 GBP | ||||
32 17/19p ordinary | Purchase | 6,533 | 4.9826 GBP | ||||
32 17/19p ordinary | Purchase | 5,859 | 4.9982 GBP | ||||
32 17/19p ordinary | Purchase | 5,061 | 4.9890 GBP | ||||
32 17/19p ordinary | Purchase | 5,054 | 4.9880 GBP | ||||
32 17/19p ordinary | Purchase | 4,838 | 4.9885 GBP | ||||
32 17/19p ordinary | Purchase | 4,622 | 4.9910 GBP | ||||
32 17/19p ordinary | Purchase | 4,531 | 4.9988 GBP | ||||
32 17/19p ordinary | Purchase | 4,477 | 4.9921 GBP | ||||
32 17/19p ordinary | Purchase | 3,986 | 4.9940 GBP | ||||
32 17/19p ordinary | Purchase | 3,777 | 4.9895 GBP | ||||
32 17/19p ordinary | Purchase | 2,676 | 4.9920 GBP | ||||
32 17/19p ordinary | Purchase | 2,569 | 4.9855 GBP | ||||
32 17/19p ordinary | Purchase | 2,370 | 4.9950 GBP | ||||
32 17/19p ordinary | Purchase | 2,349 | 5.0180 GBP | ||||
32 17/19p ordinary | Purchase | 2,021 | 5.0001 GBP | ||||
32 17/19p ordinary | Purchase | 1,944 | 4.9870 GBP | ||||
32 17/19p ordinary | Purchase | 1,434 | 4.9900 GBP | ||||
32 17/19p ordinary | Purchase | 1,190 | 4.9850 GBP | ||||
32 17/19p ordinary | Purchase | 1,178 | 4.9865 GBP | ||||
ADR | Purchase | 1,000 | 12.7600 USD | ||||
32 17/19p ordinary | Purchase | 933 | 4.9856 GBP | ||||
32 17/19p ordinary | Purchase | 693 | 4.9907 GBP | ||||
32 17/19p ordinary | Purchase | 595 | 4.9960 GBP | ||||
32 17/19p ordinary | Purchase | 531 | 5.0040 GBP | ||||
32 17/19p ordinary | Purchase | 497 | 5.0120 GBP | ||||
32 17/19p ordinary | Purchase | 430 | 4.9955 GBP | ||||
32 17/19p ordinary | Purchase | 397 | 4.9959 GBP | ||||
32 17/19p ordinary | Purchase | 258 | 5.0146 GBP | ||||
ADR | Purchase | 200 | 12.7300 USD | ||||
32 17/19p ordinary | Purchase | 160 | 4.9872 GBP | ||||
32 17/19p ordinary | Purchase | 145 | 4.9830 GBP | ||||
32 17/19p ordinary | Purchase | 129 | 4.9730 GBP | ||||
32 17/19p ordinary | Purchase | 119 | 5.0100 GBP | ||||
32 17/19p ordinary | Purchase | 109 | 5.0160 GBP | ||||
32 17/19p ordinary | Purchase | 34 | 4.9930 GBP | ||||
ADR | Purchase | 8 | 12.8200 USD | ||||
32 17/19p ordinary | Sale | 401,380 | 4.9835 GBP | ||||
32 17/19p ordinary | Sale | 302,771 | 4.9841 GBP | ||||
32 17/19p ordinary | Sale | 252,987 | 4.9892 GBP | ||||
32 17/19p ordinary | Sale | 211,443 | 5.0273 GBP | ||||
32 17/19p ordinary | Sale | 178,410 | 5.0256 GBP | ||||
32 17/19p ordinary | Sale | 148,312 | 4.9920 GBP | ||||
32 17/19p ordinary | Sale | 147,477 | 4.9890 GBP | ||||
32 17/19p ordinary | Sale | 145,070 | 4.9895 GBP | ||||
32 17/19p ordinary | Sale | 127,382 | 4.9881 GBP | ||||
32 17/19p ordinary | Sale | 86,010 | 4.9845 GBP | ||||
32 17/19p ordinary | Sale | 82,632 | 4.9935 GBP | ||||
32 17/19p ordinary | Sale | 78,794 | 4.9906 GBP | ||||
32 17/19p ordinary | Sale | 73,117 | 5.0280 GBP | ||||
32 17/19p ordinary | Sale | 71,436 | 4.9986 GBP | ||||
32 17/19p ordinary | Sale | 63,020 | 4.9893 GBP | ||||
32 17/19p ordinary | Sale | 54,014 | 4.9840 GBP | ||||
32 17/19p ordinary | Sale | 53,216 | 4.9875 GBP | ||||
32 17/19p ordinary | Sale | 50,000 | 4.9914 GBP | ||||
32 17/19p ordinary | Sale | 43,005 | 4.9775 GBP | ||||
32 17/19p ordinary | Sale | 40,000 | 5.0267 GBP | ||||
32 17/19p ordinary | Sale | 33,672 | 5.0279 GBP | ||||
32 17/19p ordinary | Sale | 26,091 | 4.9849 GBP | ||||
32 17/19p ordinary | Sale | 21,608 | 4.9889 GBP | ||||
32 17/19p ordinary | Sale | 18,356 | 4.9995 GBP | ||||
32 17/19p ordinary | Sale | 15,365 | 4.9983 GBP | ||||
32 17/19p ordinary | Sale | 12,185 | 4.9936 GBP | ||||
32 17/19p ordinary | Sale | 11,037 | 4.9899 GBP | ||||
32 17/19p ordinary | Sale | 10,948 | 4.9829 GBP | ||||
32 17/19p ordinary | Sale | 10,630 | 4.9860 GBP | ||||
32 17/19p ordinary | Sale | 9,947 | 4.9859 GBP | ||||
32 17/19p ordinary | Sale | 8,005 | 4.9888 GBP | ||||
32 17/19p ordinary | Sale | 7,571 | 5.0103 GBP | ||||
32 17/19p ordinary | Sale | 5,702 | 4.9901 GBP | ||||
32 17/19p ordinary | Sale | 5,443 | 5.0171 GBP | ||||
32 17/19p ordinary | Sale | 5,339 | 4.9998 GBP | ||||
32 17/19p ordinary | Sale | 5,191 | 5.0002 GBP | ||||
32 17/19p ordinary | Sale | 4,842 | 4.9930 GBP | ||||
32 17/19p ordinary | Sale | 3,707 | 4.9963 GBP | ||||
32 17/19p ordinary | Sale | 3,505 | 4.9948 GBP | ||||
32 17/19p ordinary | Sale | 3,465 | 4.9987 GBP | ||||
32 17/19p ordinary | Sale | 2,754 | 4.9822 GBP | ||||
32 17/19p ordinary | Sale | 2,370 | 4.9950 GBP | ||||
32 17/19p ordinary | Sale | 2,196 | 4.9886 GBP | ||||
32 17/19p ordinary | Sale | 1,643 | 4.9880 GBP | ||||
32 17/19p ordinary | Sale | 1,391 | 4.9870 GBP | ||||
32 17/19p ordinary | Sale | 1,243 | 4.9867 GBP | ||||
32 17/19p ordinary | Sale | 1,190 | 4.9850 GBP | ||||
ADR | Sale | 1,000 | 12.7600 USD | ||||
32 17/19p ordinary | Sale | 747 | 4.9916 GBP | ||||
32 17/19p ordinary | Sale | 735 | 4.9830 GBP | ||||
32 17/19p ordinary | Sale | 660 | 4.9900 GBP | ||||
32 17/19p ordinary | Sale | 599 | 5.0180 GBP | ||||
32 17/19p ordinary | Sale | 578 | 4.9800 GBP | ||||
32 17/19p ordinary | Sale | 537 | 5.0140 GBP | ||||
32 17/19p ordinary | Sale | 531 | 5.0040 GBP | ||||
ADR | Sale | 200 | 12.7300 USD | ||||
32 17/19p ordinary | Sale | 129 | 4.9730 GBP | ||||
32 17/19p ordinary | Sale | 119 | 5.0100 GBP | ||||
32 17/19p ordinary | Sale | 109 | 5.0160 GBP | ||||
32 17/19p ordinary | Sale | 60 | 4.9940 GBP | ||||
32 17/19p ordinary | Sale | 56 | 5.0101 GBP | ||||
ADR | Sale | 8 | 12.8200 USD | ||||
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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 | 172,020 | 4.9501 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 71,675 | 4.9665 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 919 | 4.9798 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 10,948 | 4.9829 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 573,400 | 4.9835 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 54,014 | 4.9840 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 302,771 | 4.9841 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 26,091 | 4.9849 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 143,350 | 4.9855 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 9,947 | 4.9859 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 69,775 | 4.9860 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 10,211 | 4.9875 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 215,025 | 4.9876 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 19,966 | 4.9881 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 2,196 | 4.9886 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 143,350 | 4.9890 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 264,218 | 4.9892 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 143,350 | 4.9895 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 3,644 | 4.9897 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 1,129 | 4.9906 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 75,535 | 4.9908 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 26,410 | 4.9932 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 15,365 | 4.9983 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 71,436 | 4.9986 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 2,483 | 5.0002 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 2,708 | 5.0003 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 28,343 | 5.0004 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 56 | 5.0101 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 7,571 | 5.0103 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 13,747 | 5.0194 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 49,531 | 5.0255 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 90,200 | 5.0274 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 155,423 | 5.0277 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 33,672 | 5.0279 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 27,738 | 5.0280 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 6,533 | 4.9826 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 933 | 4.9856 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 2,100 | 4.9871 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 160 | 4.9872 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 7,797 | 4.9883 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 122,944 | 4.9884 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 65,738 | 4.9887 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 159,116 | 4.9889 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 13,826 | 4.9894 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 168,895 | 4.9896 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 804 | 4.9897 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 13,067 | 4.9899 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 113,933 | 4.9909 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 438,799 | 4.9923 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 12,708 | 4.9930 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 397 | 4.9959 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 4,531 | 4.9988 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 258 | 5.0146 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 18,329 | 5.0168 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 206,751 | 5.0207 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 51,228 | 5.0280 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 1,680 | 5.0282 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 8,535 | 5.0284 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 500 | 4.9887 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 946 | 4.9826 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 24,121 | 4.9981 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 38,208 | 5.0275 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 1,194 | 5.0276 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 146 | 4.9743 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 1,194 | 4.9933 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 19,431 | 5.0059 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: | 25 Feb 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 | Put Options | Purchased | -10,000 | 462.2400 | American | 19 Dec 2025 | |
32 17/19p ordinary | Call Options | Purchased | 10,000 | 564.9600 | American | 19 Dec 2025 | |
32 17/19p ordinary | Call Options | Written | -241,318 | 4.4050 | European | 06 May 2025 | |
32 17/19p ordinary | Call Options | Written | -120,791 | 5.3305 | European | 06 Jun 2025 | |
32 17/19p ordinary | Call Options | Written | -104,580 | 5.3176 | European | 05 Jun 2025 | |
32 17/19p ordinary | Call Options | Written | -10,000 | 564.9600 | American | 19 Dec 2025 | |
32 17/19p ordinary | Put Options | Written | 10,000 | 462.2400 | American | 19 Dec 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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