22nd Apr 2025 07:22
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: | 17 Apr 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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| 14,197,286 | 0.53% | 15,662,936 | 0.58% |
(2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 14,611,870 | 0.55% | 11,932,799 | 0.45% |
(3) | Stock-settled derivatives (including options) |
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| and agreements to purchase/sell: |
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| 0 | 0.00% | 225,350 | 0.01% |
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| TOTAL: |
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| 28,809,156 | 1.08% | 27,821,085 | 1.04% |
(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 |
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32 17/19p ordinary | Purchase | 410,783 | 5.2377 GBP | ||||
32 17/19p ordinary | Purchase | 395,928 | 5.2660 GBP | ||||
32 17/19p ordinary | Purchase | 267,706 | 5.2601 GBP | ||||
32 17/19p ordinary | Purchase | 130,685 | 5.2337 GBP | ||||
32 17/19p ordinary | Purchase | 107,185 | 5.2340 GBP | ||||
32 17/19p ordinary | Purchase | 105,450 | 5.2329 GBP | ||||
32 17/19p ordinary | Purchase | 56,393 | 5.2662 GBP | ||||
32 17/19p ordinary | Purchase | 42,847 | 5.2331 GBP | ||||
32 17/19p ordinary | Purchase | 38,787 | 5.2359 GBP | ||||
32 17/19p ordinary | Purchase | 36,980 | 5.2351 GBP | ||||
32 17/19p ordinary | Purchase | 36,240 | 5.2228 GBP | ||||
32 17/19p ordinary | Purchase | 30,674 | 5.2658 GBP | ||||
32 17/19p ordinary | Purchase | 25,928 | 5.2344 GBP | ||||
32 17/19p ordinary | Purchase | 19,433 | 5.2501 GBP | ||||
32 17/19p ordinary | Purchase | 18,958 | 5.2275 GBP | ||||
32 17/19p ordinary | Purchase | 18,489 | 5.2527 GBP | ||||
32 17/19p ordinary | Purchase | 16,579 | 5.2298 GBP | ||||
32 17/19p ordinary | Purchase | 15,497 | 5.2308 GBP | ||||
32 17/19p ordinary | Purchase | 15,127 | 5.2631 GBP | ||||
32 17/19p ordinary | Purchase | 14,099 | 5.2747 GBP | ||||
32 17/19p ordinary | Purchase | 13,699 | 5.2398 GBP | ||||
32 17/19p ordinary | Purchase | 13,611 | 5.2354 GBP | ||||
32 17/19p ordinary | Purchase | 11,264 | 5.2375 GBP | ||||
32 17/19p ordinary | Purchase | 10,458 | 5.2440 GBP | ||||
32 17/19p ordinary | Purchase | 8,588 | 5.2391 GBP | ||||
32 17/19p ordinary | Purchase | 8,539 | 5.2322 GBP | ||||
32 17/19p ordinary | Purchase | 8,243 | 5.2534 GBP | ||||
32 17/19p ordinary | Purchase | 8,239 | 5.2457 GBP | ||||
32 17/19p ordinary | Purchase | 7,684 | 5.2382 GBP | ||||
32 17/19p ordinary | Purchase | 6,545 | 5.2350 GBP | ||||
32 17/19p ordinary | Purchase | 5,333 | 5.2373 GBP | ||||
32 17/19p ordinary | Purchase | 5,277 | 5.2466 GBP | ||||
32 17/19p ordinary | Purchase | 4,813 | 5.2459 GBP | ||||
32 17/19p ordinary | Purchase | 4,713 | 5.2421 GBP | ||||
32 17/19p ordinary | Purchase | 4,606 | 5.2613 GBP | ||||
32 17/19p ordinary | Purchase | 4,227 | 5.2200 GBP | ||||
32 17/19p ordinary | Purchase | 4,132 | 5.2356 GBP | ||||
32 17/19p ordinary | Purchase | 3,977 | 5.2320 GBP | ||||
32 17/19p ordinary | Purchase | 3,890 | 5.2642 GBP | ||||
32 17/19p ordinary | Purchase | 3,502 | 5.2651 GBP | ||||
32 17/19p ordinary | Purchase | 3,483 | 5.2620 GBP | ||||
32 17/19p ordinary | Purchase | 2,528 | 5.2365 GBP | ||||
32 17/19p ordinary | Purchase | 2,503 | 5.2343 GBP | ||||
32 17/19p ordinary | Purchase | 2,354 | 5.2700 GBP | ||||
32 17/19p ordinary | Purchase | 2,321 | 5.2165 GBP | ||||
32 17/19p ordinary | Purchase | 2,302 | 5.2194 GBP | ||||
32 17/19p ordinary | Purchase | 1,881 | 5.2389 GBP | ||||
32 17/19p ordinary | Purchase | 1,878 | 5.2552 GBP | ||||
32 17/19p ordinary | Purchase | 1,832 | 5.2219 GBP | ||||
32 17/19p ordinary | Purchase | 1,810 | 5.2307 GBP | ||||
32 17/19p ordinary | Purchase | 1,766 | 5.2778 GBP | ||||
32 17/19p ordinary | Purchase | 1,731 | 5.2368 GBP | ||||
32 17/19p ordinary | Purchase | 1,729 | 5.2443 GBP | ||||
32 17/19p ordinary | Purchase | 1,706 | 5.2428 GBP | ||||
32 17/19p ordinary | Purchase | 1,667 | 5.2327 GBP | ||||
32 17/19p ordinary | Purchase | 1,454 | 5.2670 GBP | ||||
32 17/19p ordinary | Purchase | 1,413 | 5.2497 GBP | ||||
32 17/19p ordinary | Purchase | 1,275 | 5.2380 GBP | ||||
32 17/19p ordinary | Purchase | 1,260 | 5.2598 GBP | ||||
32 17/19p ordinary | Purchase | 960 | 5.2540 GBP | ||||
32 17/19p ordinary | Purchase | 939 | 5.2840 GBP | ||||
32 17/19p ordinary | Purchase | 869 | 5.2220 GBP | ||||
32 17/19p ordinary | Purchase | 787 | 5.2750 GBP | ||||
32 17/19p ordinary | Purchase | 776 | 5.2362 GBP | ||||
32 17/19p ordinary | Purchase | 650 | 5.2786 GBP | ||||
32 17/19p ordinary | Purchase | 594 | 5.2300 GBP | ||||
32 17/19p ordinary | Purchase | 586 | 5.2310 GBP | ||||
32 17/19p ordinary | Purchase | 562 | 5.2890 GBP | ||||
32 17/19p ordinary | Purchase | 540 | 5.2180 GBP | ||||
32 17/19p ordinary | Purchase | 527 | 5.2054 GBP | ||||
32 17/19p ordinary | Purchase | 357 | 5.2480 GBP | ||||
ADR | Purchase | 314 | 14.1261 USD | ||||
32 17/19p ordinary | Purchase | 203 | 5.2330 GBP | ||||
32 17/19p ordinary | Purchase | 178 | 5.2500 GBP | ||||
32 17/19p ordinary | Purchase | 175 | 5.2600 GBP | ||||
32 17/19p ordinary | Purchase | 160 | 5.2520 GBP | ||||
32 17/19p ordinary | Purchase | 142 | 5.2400 GBP | ||||
32 17/19p ordinary | Purchase | 40 | 5.2460 GBP | ||||
32 17/19p ordinary | Sale | 250,527 | 5.2441 GBP | ||||
32 17/19p ordinary | Sale | 150,750 | 5.2485 GBP | ||||
32 17/19p ordinary | Sale | 144,060 | 5.2460 GBP | ||||
32 17/19p ordinary | Sale | 130,116 | 5.2611 GBP | ||||
32 17/19p ordinary | Sale | 97,082 | 5.2325 GBP | ||||
32 17/19p ordinary | Sale | 84,520 | 5.2599 GBP | ||||
32 17/19p ordinary | Sale | 60,757 | 5.2407 GBP | ||||
32 17/19p ordinary | Sale | 59,703 | 5.2660 GBP | ||||
32 17/19p ordinary | Sale | 56,263 | 5.2654 GBP | ||||
32 17/19p ordinary | Sale | 49,542 | 5.2392 GBP | ||||
32 17/19p ordinary | Sale | 47,494 | 5.2459 GBP | ||||
32 17/19p ordinary | Sale | 40,230 | 5.2657 GBP | ||||
32 17/19p ordinary | Sale | 39,727 | 5.2514 GBP | ||||
32 17/19p ordinary | Sale | 31,799 | 5.2700 GBP | ||||
32 17/19p ordinary | Sale | 22,491 | 5.2404 GBP | ||||
32 17/19p ordinary | Sale | 21,305 | 5.2312 GBP | ||||
32 17/19p ordinary | Sale | 20,106 | 5.2280 GBP | ||||
32 17/19p ordinary | Sale | 20,058 | 5.2596 GBP | ||||
32 17/19p ordinary | Sale | 18,999 | 5.2604 GBP | ||||
32 17/19p ordinary | Sale | 16,991 | 5.2341 GBP | ||||
32 17/19p ordinary | Sale | 16,056 | 5.2387 GBP | ||||
32 17/19p ordinary | Sale | 15,812 | 5.2395 GBP | ||||
32 17/19p ordinary | Sale | 13,103 | 5.2412 GBP | ||||
32 17/19p ordinary | Sale | 13,078 | 5.2310 GBP | ||||
32 17/19p ordinary | Sale | 12,687 | 5.2332 GBP | ||||
32 17/19p ordinary | Sale | 11,632 | 5.2528 GBP | ||||
32 17/19p ordinary | Sale | 11,303 | 5.2254 GBP | ||||
32 17/19p ordinary | Sale | 9,766 | 5.2330 GBP | ||||
32 17/19p ordinary | Sale | 8,539 | 5.2327 GBP | ||||
32 17/19p ordinary | Sale | 7,336 | 5.2539 GBP | ||||
32 17/19p ordinary | Sale | 7,036 | 5.2220 GBP | ||||
32 17/19p ordinary | Sale | 6,806 | 5.2383 GBP | ||||
32 17/19p ordinary | Sale | 6,169 | 5.2641 GBP | ||||
32 17/19p ordinary | Sale | 6,108 | 5.2188 GBP | ||||
32 17/19p ordinary | Sale | 5,912 | 5.2378 GBP | ||||
32 17/19p ordinary | Sale | 4,601 | 5.2323 GBP | ||||
32 17/19p ordinary | Sale | 4,476 | 5.2428 GBP | ||||
32 17/19p ordinary | Sale | 3,327 | 5.2300 GBP | ||||
32 17/19p ordinary | Sale | 3,069 | 5.2500 GBP | ||||
32 17/19p ordinary | Sale | 3,064 | 5.2399 GBP | ||||
32 17/19p ordinary | Sale | 2,529 | 5.2698 GBP | ||||
32 17/19p ordinary | Sale | 2,503 | 5.2348 GBP | ||||
32 17/19p ordinary | Sale | 2,286 | 5.2360 GBP | ||||
32 17/19p ordinary | Sale | 2,001 | 5.2368 GBP | ||||
32 17/19p ordinary | Sale | 1,924 | 5.2370 GBP | ||||
32 17/19p ordinary | Sale | 1,249 | 5.2540 GBP | ||||
32 17/19p ordinary | Sale | 1,180 | 5.2714 GBP | ||||
32 17/19p ordinary | Sale | 1,136 | 5.2352 GBP | ||||
32 17/19p ordinary | Sale | 827 | 5.2201 GBP | ||||
32 17/19p ordinary | Sale | 738 | 5.2200 GBP | ||||
32 17/19p ordinary | Sale | 635 | 5.2675 GBP | ||||
32 17/19p ordinary | Sale | 624 | 5.2320 GBP | ||||
32 17/19p ordinary | Sale | 562 | 5.2890 GBP | ||||
32 17/19p ordinary | Sale | 543 | 5.2600 GBP | ||||
32 17/19p ordinary | Sale | 540 | 5.2180 GBP | ||||
32 17/19p ordinary | Sale | 527 | 5.2060 GBP | ||||
32 17/19p ordinary | Sale | 471 | 5.2340 GBP | ||||
32 17/19p ordinary | Sale | 400 | 5.2080 GBP | ||||
32 17/19p ordinary | Sale | 357 | 5.2480 GBP | ||||
32 17/19p ordinary | Sale | 316 | 5.2100 GBP | ||||
ADR | Sale | 314 | 14.1261 USD | ||||
32 17/19p ordinary | Sale | 142 | 5.2400 GBP | ||||
32 17/19p ordinary | Sale | 65 | 5.2879 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 | Decreasing Short | 5,519 | 5.2254 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 15,503 | 5.2300 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 1,058 | 5.2329 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 2,728 | 5.2344 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 1,924 | 5.2370 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 49,530 | 5.2375 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 3,064 | 5.2399 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 144,060 | 5.2460 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 11,632 | 5.2528 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 21,252 | 5.2529 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 20,058 | 5.2596 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 84,520 | 5.2599 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 9,176 | 5.2611 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 8,499 | 5.2617 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 18,172 | 5.2626 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 6,169 | 5.2641 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 56,263 | 5.2654 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 88,427 | 5.2657 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 7,716 | 5.2659 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 667 | 5.2660 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 29,445 | 5.2700 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 16,928 | 5.2701 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 65 | 5.2879 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 302 | 5.2080 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 2 | 5.2180 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 2,302 | 5.2194 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 4,227 | 5.2200 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 32,400 | 5.2228 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 14,748 | 5.2308 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 130,685 | 5.2337 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 104,754 | 5.2340 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 26,653 | 5.2344 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 27,416 | 5.2356 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 2,795 | 5.2386 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 4,713 | 5.2421 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 8,239 | 5.2457 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 4,813 | 5.2459 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 1,077 | 5.2464 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 1,269 | 5.2499 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 35,111 | 5.2521 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 135 | 5.2540 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 105,807 | 5.2562 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 73,462 | 5.2659 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 313,511 | 5.2660 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 56,393 | 5.2662 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 819 | 5.2670 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 14,099 | 5.2747 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 900 | 5.2627 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 13,700 | 5.2660 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 8,286 | 5.2184 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 8,296 | 5.2231 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 24,815 | 5.2264 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 17,333 | 5.2295 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 515 | 5.2525 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 17,274 | 5.2659 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 3,231 | 5.2334 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 34,548 | 5.2659 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 290 | 5.2683 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 10,693 | 5.2690 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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(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: | 22 Apr 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 | -120,768 | 5.3305 | European | 06 Jun 2025 | |
32 17/19p ordinary | Call Options | Written | -104,582 | 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:
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