22nd May 2025 13:05
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): | |||||||
(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 | ||||||
offeror/offeree, state this and specify identity of | |||||||
offeror/offeree: | |||||||
(e) | Date position held/dealing undertaken: | 21 May 2025 | |||||
(f) | In addition to the company in 1(c) above, is the discloser making | YES: | |||||
disclosures in respect of any other party to the offer? | 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: | 8,856,297 | 0.33% | 16,045,201 | 0.60% | |||
(2) | Cash-settled derivatives: | ||||||
and/or controlled: | 15,091,757 | 0.56% | 8,072,144 | 0.30% | |||
(3) | Stock-settled derivatives (including options) | ||||||
and agreements to purchase/sell: | 0 | 0.00% | 225,368 | 0.01% | |||
TOTAL: | 23,948,054 | 0.89% | 24,342,713 | 0.91% | |||
(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 EXEMPT PRINCIPAL TRADER | ||||||
(a) | Purchases and sales | ||||||
Class of relevant | Purchase/sale | Number of | Price per unit | ||||
security | securities | ||||||
32 17/19p ordinary | Purchase | 897,217 | 6.0200 GBP | ||||
32 17/19p ordinary | Purchase | 772,507 | 6.0320 GBP | ||||
32 17/19p ordinary | Purchase | 554,400 | 6.0589 GBP | ||||
32 17/19p ordinary | Purchase | 259,620 | 6.0461 GBP | ||||
32 17/19p ordinary | Purchase | 176,115 | 6.0772 GBP | ||||
32 17/19p ordinary | Purchase | 144,910 | 6.0818 GBP | ||||
32 17/19p ordinary | Purchase | 133,194 | 6.0481 GBP | ||||
32 17/19p ordinary | Purchase | 118,772 | 6.0771 GBP | ||||
32 17/19p ordinary | Purchase | 89,233 | 6.0820 GBP | ||||
32 17/19p ordinary | Purchase | 86,546 | 6.0434 GBP | ||||
32 17/19p ordinary | Purchase | 67,401 | 6.0431 GBP | ||||
32 17/19p ordinary | Purchase | 61,402 | 6.0300 GBP | ||||
32 17/19p ordinary | Purchase | 43,811 | 6.0832 GBP | ||||
32 17/19p ordinary | Purchase | 43,443 | 6.0456 GBP | ||||
32 17/19p ordinary | Purchase | 34,598 | 6.0423 GBP | ||||
32 17/19p ordinary | Purchase | 29,855 | 6.0564 GBP | ||||
32 17/19p ordinary | Purchase | 24,610 | 6.0467 GBP | ||||
32 17/19p ordinary | Purchase | 23,508 | 6.0330 GBP | ||||
32 17/19p ordinary | Purchase | 22,180 | 6.0802 GBP | ||||
32 17/19p ordinary | Purchase | 20,273 | 6.0808 GBP | ||||
32 17/19p ordinary | Purchase | 17,197 | 6.0362 GBP | ||||
32 17/19p ordinary | Purchase | 15,323 | 6.0529 GBP | ||||
32 17/19p ordinary | Purchase | 14,527 | 6.0435 GBP | ||||
32 17/19p ordinary | Purchase | 12,510 | 6.0633 GBP | ||||
32 17/19p ordinary | Purchase | 11,974 | 6.0714 GBP | ||||
32 17/19p ordinary | Purchase | 9,964 | 6.0660 GBP | ||||
32 17/19p ordinary | Purchase | 8,941 | 6.0428 GBP | ||||
32 17/19p ordinary | Purchase | 8,589 | 6.0552 GBP | ||||
32 17/19p ordinary | Purchase | 7,381 | 6.0583 GBP | ||||
32 17/19p ordinary | Purchase | 6,483 | 6.0460 GBP | ||||
32 17/19p ordinary | Purchase | 5,124 | 6.0698 GBP | ||||
32 17/19p ordinary | Purchase | 4,956 | 6.0597 GBP | ||||
32 17/19p ordinary | Purchase | 4,657 | 6.0482 GBP | ||||
32 17/19p ordinary | Purchase | 4,503 | 6.0602 GBP | ||||
32 17/19p ordinary | Purchase | 3,661 | 6.0672 GBP | ||||
32 17/19p ordinary | Purchase | 3,530 | 6.0510 GBP | ||||
32 17/19p ordinary | Purchase | 3,335 | 6.0303 GBP | ||||
32 17/19p ordinary | Purchase | 3,108 | 6.0542 GBP | ||||
32 17/19p ordinary | Purchase | 2,945 | 6.0352 GBP | ||||
32 17/19p ordinary | Purchase | 2,515 | 6.0490 GBP | ||||
ADR | Purchase | 2,360 | 16.4171 USD | ||||
32 17/19p ordinary | Purchase | 2,309 | 6.0570 GBP | ||||
32 17/19p ordinary | Purchase | 2,135 | 6.0400 GBP | ||||
32 17/19p ordinary | Purchase | 1,972 | 6.0550 GBP | ||||
32 17/19p ordinary | Purchase | 1,852 | 6.0360 GBP | ||||
32 17/19p ordinary | Purchase | 1,671 | 6.0670 GBP | ||||
32 17/19p ordinary | Purchase | 1,640 | 6.0432 GBP | ||||
32 17/19p ordinary | Purchase | 1,627 | 6.0443 GBP | ||||
32 17/19p ordinary | Purchase | 1,605 | 6.0470 GBP | ||||
32 17/19p ordinary | Purchase | 1,477 | 6.0600 GBP | ||||
32 17/19p ordinary | Purchase | 1,415 | 6.0565 GBP | ||||
32 17/19p ordinary | Purchase | 1,338 | 6.0260 GBP | ||||
32 17/19p ordinary | Purchase | 1,228 | 6.0610 GBP | ||||
32 17/19p ordinary | Purchase | 1,186 | 6.0630 GBP | ||||
32 17/19p ordinary | Purchase | 1,102 | 6.0340 GBP | ||||
32 17/19p ordinary | Purchase | 1,088 | 6.0280 GBP | ||||
32 17/19p ordinary | Purchase | 1,072 | 6.0685 GBP | ||||
32 17/19p ordinary | Purchase | 1,046 | 6.0387 GBP | ||||
32 17/19p ordinary | Purchase | 1,019 | 6.0640 GBP | ||||
32 17/19p ordinary | Purchase | 962 | 6.0480 GBP | ||||
32 17/19p ordinary | Purchase | 953 | 6.0819 GBP | ||||
32 17/19p ordinary | Purchase | 886 | 6.0620 GBP | ||||
32 17/19p ordinary | Purchase | 814 | 6.0520 GBP | ||||
32 17/19p ordinary | Purchase | 774 | 6.0760 GBP | ||||
32 17/19p ordinary | Purchase | 672 | 6.0310 GBP | ||||
32 17/19p ordinary | Purchase | 670 | 6.0860 GBP | ||||
32 17/19p ordinary | Purchase | 583 | 6.0650 GBP | ||||
32 17/19p ordinary | Purchase | 569 | 6.0590 GBP | ||||
32 17/19p ordinary | Purchase | 510 | 6.0700 GBP | ||||
32 17/19p ordinary | Purchase | 425 | 6.0286 GBP | ||||
32 17/19p ordinary | Purchase | 284 | 6.0240 GBP | ||||
32 17/19p ordinary | Purchase | 123 | 6.0270 GBP | ||||
32 17/19p ordinary | Purchase | 78 | 6.0336 GBP | ||||
ADR | Purchase | 2 | 16.4100 USD | ||||
32 17/19p ordinary | Sale | 714,049 | 6.0785 GBP | ||||
32 17/19p ordinary | Sale | 273,531 | 6.0741 GBP | ||||
32 17/19p ordinary | Sale | 270,867 | 6.0820 GBP | ||||
32 17/19p ordinary | Sale | 222,237 | 6.0457 GBP | ||||
32 17/19p ordinary | Sale | 191,446 | 6.0458 GBP | ||||
32 17/19p ordinary | Sale | 123,574 | 6.0321 GBP | ||||
32 17/19p ordinary | Sale | 95,315 | 6.0469 GBP | ||||
32 17/19p ordinary | Sale | 67,358 | 6.0507 GBP | ||||
32 17/19p ordinary | Sale | 67,084 | 6.0570 GBP | ||||
32 17/19p ordinary | Sale | 58,150 | 6.0578 GBP | ||||
32 17/19p ordinary | Sale | 54,699 | 6.0572 GBP | ||||
32 17/19p ordinary | Sale | 49,751 | 6.0813 GBP | ||||
32 17/19p ordinary | Sale | 44,437 | 6.0355 GBP | ||||
32 17/19p ordinary | Sale | 43,599 | 6.0583 GBP | ||||
32 17/19p ordinary | Sale | 43,509 | 6.0395 GBP | ||||
32 17/19p ordinary | Sale | 41,248 | 6.0810 GBP | ||||
32 17/19p ordinary | Sale | 34,853 | 6.0481 GBP | ||||
32 17/19p ordinary | Sale | 34,757 | 6.0714 GBP | ||||
32 17/19p ordinary | Sale | 28,676 | 6.0663 GBP | ||||
32 17/19p ordinary | Sale | 24,115 | 6.0460 GBP | ||||
32 17/19p ordinary | Sale | 20,511 | 6.0397 GBP | ||||
32 17/19p ordinary | Sale | 19,450 | 6.0660 GBP | ||||
32 17/19p ordinary | Sale | 18,577 | 6.0563 GBP | ||||
32 17/19p ordinary | Sale | 17,740 | 6.0551 GBP | ||||
32 17/19p ordinary | Sale | 17,498 | 6.0678 GBP | ||||
32 17/19p ordinary | Sale | 15,822 | 6.0598 GBP | ||||
32 17/19p ordinary | Sale | 15,352 | 6.0421 GBP | ||||
32 17/19p ordinary | Sale | 14,073 | 6.0662 GBP | ||||
32 17/19p ordinary | Sale | 9,623 | 6.0448 GBP | ||||
32 17/19p ordinary | Sale | 7,551 | 6.0305 GBP | ||||
32 17/19p ordinary | Sale | 7,374 | 6.0811 GBP | ||||
32 17/19p ordinary | Sale | 7,193 | 6.0443 GBP | ||||
32 17/19p ordinary | Sale | 7,158 | 6.0552 GBP | ||||
32 17/19p ordinary | Sale | 5,092 | 6.0807 GBP | ||||
32 17/19p ordinary | Sale | 4,978 | 6.0589 GBP | ||||
32 17/19p ordinary | Sale | 4,875 | 6.0330 GBP | ||||
32 17/19p ordinary | Sale | 3,795 | 6.0260 GBP | ||||
32 17/19p ordinary | Sale | 3,313 | 6.0656 GBP | ||||
32 17/19p ordinary | Sale | 3,137 | 6.0358 GBP | ||||
32 17/19p ordinary | Sale | 3,108 | 6.0548 GBP | ||||
32 17/19p ordinary | Sale | 2,928 | 6.0317 GBP | ||||
32 17/19p ordinary | Sale | 2,534 | 6.0516 GBP | ||||
32 17/19p ordinary | Sale | 2,459 | 6.0500 GBP | ||||
32 17/19p ordinary | Sale | 2,382 | 6.0247 GBP | ||||
ADR | Sale | 2,360 | 16.4171 USD | ||||
32 17/19p ordinary | Sale | 1,887 | 6.0730 GBP | ||||
32 17/19p ordinary | Sale | 1,852 | 6.0360 GBP | ||||
32 17/19p ordinary | Sale | 1,781 | 6.0698 GBP | ||||
32 17/19p ordinary | Sale | 1,766 | 6.0280 GBP | ||||
32 17/19p ordinary | Sale | 1,477 | 6.0600 GBP | ||||
32 17/19p ordinary | Sale | 1,445 | 6.0263 GBP | ||||
32 17/19p ordinary | Sale | 1,392 | 6.0690 GBP | ||||
32 17/19p ordinary | Sale | 1,228 | 6.0610 GBP | ||||
32 17/19p ordinary | Sale | 1,101 | 6.0340 GBP | ||||
32 17/19p ordinary | Sale | 1,094 | 6.0590 GBP | ||||
32 17/19p ordinary | Sale | 1,063 | 6.0320 GBP | ||||
32 17/19p ordinary | Sale | 1,019 | 6.0640 GBP | ||||
32 17/19p ordinary | Sale | 1,010 | 6.0670 GBP | ||||
32 17/19p ordinary | Sale | 941 | 6.0480 GBP | ||||
32 17/19p ordinary | Sale | 926 | 6.0300 GBP | ||||
32 17/19p ordinary | Sale | 818 | 6.0740 GBP | ||||
32 17/19p ordinary | Sale | 817 | 6.0220 GBP | ||||
32 17/19p ordinary | Sale | 814 | 6.0520 GBP | ||||
32 17/19p ordinary | Sale | 694 | 6.0620 GBP | ||||
32 17/19p ordinary | Sale | 672 | 6.0310 GBP | ||||
32 17/19p ordinary | Sale | 670 | 6.0860 GBP | ||||
32 17/19p ordinary | Sale | 668 | 6.0302 GBP | ||||
32 17/19p ordinary | Sale | 620 | 6.0536 GBP | ||||
32 17/19p ordinary | Sale | 583 | 6.0650 GBP | ||||
32 17/19p ordinary | Sale | 510 | 6.0700 GBP | ||||
32 17/19p ordinary | Sale | 507 | 6.0510 GBP | ||||
32 17/19p ordinary | Sale | 500 | 6.0380 GBP | ||||
32 17/19p ordinary | Sale | 345 | 6.0224 GBP | ||||
32 17/19p ordinary | Sale | 284 | 6.0241 GBP | ||||
32 17/19p ordinary | Sale | 284 | 6.0240 GBP | ||||
32 17/19p ordinary | Sale | 140 | 6.0386 GBP | ||||
32 17/19p ordinary | Sale | 123 | 6.0270 GBP | ||||
32 17/19p ordinary | Sale | 82 | 6.0400 GBP | ||||
ADR | Sale | 2 | 16.4100 USD | ||||
(b) | Cash-settled derivative transactions | ||||||
Class of | Product | Nature of dealing | Number of | Price per | |||
relevant | description | reference | unit | ||||
security | securities | ||||||
32 17/19p ordinary | SWAP | Increasing Long | 100 | 6.0179 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 1,445 | 6.0263 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 4,373 | 6.0330 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 15,352 | 6.0421 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 67,358 | 6.0507 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 523 | 6.0518 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 19,623 | 6.0544 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 65,601 | 6.0570 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 58,150 | 6.0578 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 68,430 | 6.0596 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 45,144 | 6.0626 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 3,313 | 6.0656 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 27,424 | 6.0683 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 1,781 | 6.0698 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 11,114 | 6.0726 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 5,092 | 6.0807 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 48,344 | 6.0810 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 217,551 | 6.0811 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 185,323 | 6.0813 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 233,446 | 6.0820 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 897,217 | 6.0200 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 3,335 | 6.0303 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 645 | 6.0306 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 772,254 | 6.0320 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 560 | 6.0340 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 7,092 | 6.0413 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 194,175 | 6.0425 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 14,527 | 6.0435 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 43,443 | 6.0456 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 6,483 | 6.0460 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 1,605 | 6.0470 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 57,677 | 6.0560 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 29,855 | 6.0564 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 1,229 | 6.0571 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 8,371 | 6.0598 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 2,081 | 6.0672 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 30,160 | 6.0690 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 13,536 | 6.0725 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 118,772 | 6.0771 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 20,273 | 6.0808 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 301 | 6.0820 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 99,413 | 6.0823 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 43,811 | 6.0832 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 1,100 | 6.0526 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 17,184 | 6.0236 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 77 | 6.0255 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 429 | 6.0387 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 1,598 | 6.0708 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 45,080 | 6.0814 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 31,572 | 6.0815 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 7,812 | 6.0404 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 23,928 | 6.0478 GBP | |||
(c) | Stock-settled derivative transactions (including options) | ||||||
(i) | Writing, selling, purchasing or varying | ||||||
Class | Product | Writing, | Number | Exercise | Type | Expiry | Option |
of | description | purchasing, | of | price | date | money | |
relevant | selling, | securities | per unit | paid/ | |||
security | varying etc | to which | received | ||||
option | per unit | ||||||
relates | |||||||
(ii) | Exercising | ||||||
Class of relevant | Product description | Exercising/ exercised against | Number of | Exercise price per | |||
security | securities | unit | |||||
(d) | Other dealings (including subscribing for new securities) | ||||||
Class of relevant | Nature of Dealings | Details | Price per unit (if | ||||
security | 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 exempt principal trader 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 | ||||||
Is a Supplemental Form 8 (Open Positions) attached? | YES | ||||||
Date of disclosure: | 22 May 2025 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||
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: | |||||||
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 | -120,791 | 5.3305 | European | 06-Jun-2026 | |
32 17/19p ordinary | Call Options | Written | -104,577 | 5.3176 | European | 05-Jun-2026 | |
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: | |||||||
Related Shares:
Barclays