10th Apr 2025 15:19
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 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: |
| |||||
(e) | Date position held/dealing undertaken: | 09 Apr 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: | 13,673,433 | 0.51% | 18,505,746 | 0.69% | |||
(2) Cash-settled derivatives: | 17,787,430 | 0.66% | 9,857,467 | 0.37% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 225,368 | 0.01% | |||
TOTAL: | 31,460,863 | 1.17% | 28,588,581 | 1.07% | |||
(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 | 650,000 | 4.9960 GBP | ||||
32 17/19p ordinary | Purchase | 333,037 | 5.0020 GBP | ||||
32 17/19p ordinary | Purchase | 313,175 | 5.0017 GBP | ||||
32 17/19p ordinary | Purchase | 286,262 | 4.9989 GBP | ||||
32 17/19p ordinary | Purchase | 220,259 | 4.9964 GBP | ||||
32 17/19p ordinary | Purchase | 201,698 | 5.0069 GBP | ||||
32 17/19p ordinary | Purchase | 170,040 | 5.0760 GBP | ||||
32 17/19p ordinary | Purchase | 155,047 | 5.0010 GBP | ||||
32 17/19p ordinary | Purchase | 154,339 | 4.9902 GBP | ||||
32 17/19p ordinary | Purchase | 93,228 | 5.0045 GBP | ||||
32 17/19p ordinary | Purchase | 65,061 | 5.0202 GBP | ||||
32 17/19p ordinary | Purchase | 53,593 | 4.9906 GBP | ||||
32 17/19p ordinary | Purchase | 50,362 | 4.9873 GBP | ||||
32 17/19p ordinary | Purchase | 44,062 | 5.0008 GBP | ||||
32 17/19p ordinary | Purchase | 41,099 | 5.0125 GBP | ||||
32 17/19p ordinary | Purchase | 33,910 | 4.9914 GBP | ||||
32 17/19p ordinary | Purchase | 30,459 | 4.9921 GBP | ||||
32 17/19p ordinary | Purchase | 24,522 | 4.9849 GBP | ||||
32 17/19p ordinary | Purchase | 21,535 | 4.9999 GBP | ||||
32 17/19p ordinary | Purchase | 16,700 | 5.0171 GBP | ||||
32 17/19p ordinary | Purchase | 13,929 | 5.0190 GBP | ||||
32 17/19p ordinary | Purchase | 13,800 | 4.9893 GBP | ||||
32 17/19p ordinary | Purchase | 11,545 | 5.0007 GBP | ||||
32 17/19p ordinary | Purchase | 10,553 | 4.9976 GBP | ||||
32 17/19p ordinary | Purchase | 9,695 | 5.0011 GBP | ||||
32 17/19p ordinary | Purchase | 6,814 | 4.9978 GBP | ||||
32 17/19p ordinary | Purchase | 6,698 | 5.0026 GBP | ||||
32 17/19p ordinary | Purchase | 6,394 | 5.0078 GBP | ||||
32 17/19p ordinary | Purchase | 6,345 | 4.9957 GBP | ||||
32 17/19p ordinary | Purchase | 6,000 | 5.0213 GBP | ||||
32 17/19p ordinary | Purchase | 5,600 | 5.0052 GBP | ||||
32 17/19p ordinary | Purchase | 5,275 | 5.0014 GBP | ||||
32 17/19p ordinary | Purchase | 4,800 | 4.9988 GBP | ||||
32 17/19p ordinary | Purchase | 4,604 | 5.0150 GBP | ||||
32 17/19p ordinary | Purchase | 4,236 | 5.0021 GBP | ||||
32 17/19p ordinary | Purchase | 4,018 | 4.9992 GBP | ||||
32 17/19p ordinary | Purchase | 3,974 | 5.0220 GBP | ||||
32 17/19p ordinary | Purchase | 3,761 | 4.9883 GBP | ||||
32 17/19p ordinary | Purchase | 3,540 | 4.9946 GBP | ||||
32 17/19p ordinary | Purchase | 3,287 | 4.9770 GBP | ||||
32 17/19p ordinary | Purchase | 3,257 | 4.9895 GBP | ||||
32 17/19p ordinary | Purchase | 3,139 | 5.0012 GBP | ||||
32 17/19p ordinary | Purchase | 3,056 | 5.0120 GBP | ||||
32 17/19p ordinary | Purchase | 3,024 | 4.9968 GBP | ||||
32 17/19p ordinary | Purchase | 2,917 | 4.9951 GBP | ||||
32 17/19p ordinary | Purchase | 2,754 | 4.9904 GBP | ||||
32 17/19p ordinary | Purchase | 2,612 | 4.9759 GBP | ||||
ADR | Purchase | 2,584 | 13.2855 USD | ||||
32 17/19p ordinary | Purchase | 2,569 | 5.0311 GBP | ||||
32 17/19p ordinary | Purchase | 2,275 | 5.0041 GBP | ||||
32 17/19p ordinary | Purchase | 1,751 | 4.9940 GBP | ||||
32 17/19p ordinary | Purchase | 1,589 | 5.0420 GBP | ||||
32 17/19p ordinary | Purchase | 1,589 | 5.0414 GBP | ||||
32 17/19p ordinary | Purchase | 1,585 | 5.0740 GBP | ||||
32 17/19p ordinary | Purchase | 1,539 | 5.0280 GBP | ||||
32 17/19p ordinary | Purchase | 1,297 | 5.0132 GBP | ||||
32 17/19p ordinary | Purchase | 1,292 | 5.0051 GBP | ||||
32 17/19p ordinary | Purchase | 1,205 | 5.0139 GBP | ||||
32 17/19p ordinary | Purchase | 1,070 | 5.0000 GBP | ||||
32 17/19p ordinary | Purchase | 944 | 5.0080 GBP | ||||
32 17/19p ordinary | Purchase | 933 | 5.0060 GBP | ||||
32 17/19p ordinary | Purchase | 860 | 5.0260 GBP | ||||
32 17/19p ordinary | Purchase | 800 | 4.9800 GBP | ||||
32 17/19p ordinary | Purchase | 711 | 4.9700 GBP | ||||
32 17/19p ordinary | Purchase | 566 | 4.9910 GBP | ||||
32 17/19p ordinary | Purchase | 562 | 4.9890 GBP | ||||
32 17/19p ordinary | Purchase | 540 | 5.0118 GBP | ||||
32 17/19p ordinary | Purchase | 521 | 4.9950 GBP | ||||
32 17/19p ordinary | Purchase | 510 | 5.0200 GBP | ||||
32 17/19p ordinary | Purchase | 443 | 5.0240 GBP | ||||
32 17/19p ordinary | Purchase | 380 | 5.0225 GBP | ||||
32 17/19p ordinary | Purchase | 362 | 5.0022 GBP | ||||
32 17/19p ordinary | Purchase | 361 | 5.0100 GBP | ||||
32 17/19p ordinary | Purchase | 263 | 4.9830 GBP | ||||
ADR | Purchase | 258 | 13.9600 USD | ||||
32 17/19p ordinary | Purchase | 204 | 5.0004 GBP | ||||
32 17/19p ordinary | Purchase | 68 | 5.0001 GBP | ||||
32 17/19p ordinary | Purchase | 53 | 4.9816 GBP | ||||
32 17/19p ordinary | Purchase | 32 | 4.9918 GBP | ||||
32 17/19p ordinary | Purchase | 8 | 5.0040 GBP | ||||
32 17/19p ordinary | Sale | 708,057 | 5.0102 GBP | ||||
32 17/19p ordinary | Sale | 593,324 | 5.0014 GBP | ||||
32 17/19p ordinary | Sale | 567,575 | 4.9867 GBP | ||||
32 17/19p ordinary | Sale | 487,522 | 5.0020 GBP | ||||
32 17/19p ordinary | Sale | 273,054 | 5.0029 GBP | ||||
32 17/19p ordinary | Sale | 211,327 | 4.9942 GBP | ||||
32 17/19p ordinary | Sale | 146,844 | 5.0342 GBP | ||||
32 17/19p ordinary | Sale | 123,174 | 4.9932 GBP | ||||
32 17/19p ordinary | Sale | 109,395 | 4.9909 GBP | ||||
32 17/19p ordinary | Sale | 57,340 | 4.9705 GBP | ||||
32 17/19p ordinary | Sale | 54,697 | 4.9923 GBP | ||||
32 17/19p ordinary | Sale | 54,620 | 5.0085 GBP | ||||
32 17/19p ordinary | Sale | 52,830 | 5.0128 GBP | ||||
32 17/19p ordinary | Sale | 35,393 | 5.0027 GBP | ||||
32 17/19p ordinary | Sale | 33,254 | 4.9940 GBP | ||||
32 17/19p ordinary | Sale | 28,523 | 5.0030 GBP | ||||
32 17/19p ordinary | Sale | 27,497 | 5.0061 GBP | ||||
32 17/19p ordinary | Sale | 26,490 | 5.0051 GBP | ||||
32 17/19p ordinary | Sale | 23,865 | 5.0047 GBP | ||||
32 17/19p ordinary | Sale | 23,254 | 5.0125 GBP | ||||
32 17/19p ordinary | Sale | 20,002 | 5.0016 GBP | ||||
32 17/19p ordinary | Sale | 19,983 | 4.9938 GBP | ||||
32 17/19p ordinary | Sale | 18,550 | 5.0103 GBP | ||||
32 17/19p ordinary | Sale | 17,510 | 4.9813 GBP | ||||
32 17/19p ordinary | Sale | 12,709 | 5.0058 GBP | ||||
32 17/19p ordinary | Sale | 9,732 | 5.0063 GBP | ||||
32 17/19p ordinary | Sale | 7,946 | 5.0213 GBP | ||||
32 17/19p ordinary | Sale | 7,547 | 4.9976 GBP | ||||
32 17/19p ordinary | Sale | 4,296 | 5.0161 GBP | ||||
32 17/19p ordinary | Sale | 3,940 | 4.9844 GBP | ||||
ADR | Sale | 2,584 | 13.2855 USD | ||||
32 17/19p ordinary | Sale | 2,419 | 4.9914 GBP | ||||
32 17/19p ordinary | Sale | 1,847 | 4.9941 GBP | ||||
32 17/19p ordinary | Sale | 1,740 | 4.9606 GBP | ||||
32 17/19p ordinary | Sale | 1,589 | 5.0420 GBP | ||||
32 17/19p ordinary | Sale | 1,215 | 4.9790 GBP | ||||
32 17/19p ordinary | Sale | 1,071 | 5.0000 GBP | ||||
32 17/19p ordinary | Sale | 944 | 5.0080 GBP | ||||
32 17/19p ordinary | Sale | 860 | 5.0260 GBP | ||||
32 17/19p ordinary | Sale | 711 | 4.9700 GBP | ||||
32 17/19p ordinary | Sale | 566 | 4.9910 GBP | ||||
32 17/19p ordinary | Sale | 562 | 4.9890 GBP | ||||
32 17/19p ordinary | Sale | 519 | 5.0060 GBP | ||||
32 17/19p ordinary | Sale | 450 | 5.0004 GBP | ||||
32 17/19p ordinary | Sale | 443 | 5.0240 GBP | ||||
32 17/19p ordinary | Sale | 391 | 4.9800 GBP | ||||
32 17/19p ordinary | Sale | 263 | 4.9830 GBP | ||||
ADR | Sale | 258 | 13.9600 USD | ||||
32 17/19p ordinary | Sale | 163 | 5.0210 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 | Increasing Long | 80,679 | 5.1161 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 1,740 | 4.9606 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 57,340 | 4.9705 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 1,215 | 4.9790 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 567,575 | 4.9867 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 8,762 | 4.9923 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 68,025 | 4.9925 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 211,327 | 4.9942 GBP | |||
32 17/19p ordinary | SWAP | Opening Long | 86,250 | 4.9944 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 7,547 | 4.9976 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 19,827 | 5.0010 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 20,155 | 5.0012 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 20,002 | 5.0016 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 1 | 5.0017 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 213,089 | 5.0020 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 4,698 | 5.0025 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 55,412 | 5.0027 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 145,859 | 5.0031 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 123,467 | 5.0082 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 94,856 | 5.0295 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 19 | 5.0357 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 42,436 | 5.0419 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 9,552 | 5.0461 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 9,269 | 5.0704 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 3,287 | 4.9770 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 19,426 | 4.9787 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 800 | 4.9800 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 135,460 | 4.9834 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 24,522 | 4.9849 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 50,362 | 4.9873 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 3,761 | 4.9883 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 13,800 | 4.9893 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 3,257 | 4.9895 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 154,339 | 4.9902 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 35,590 | 4.9906 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 32 | 4.9919 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 30,459 | 4.9921 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 521 | 4.9950 GBP | |||
32 17/19p ordinary | SWAP | Opening Short | 650,000 | 4.9960 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 220,259 | 4.9964 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 3,024 | 4.9968 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 4,800 | 4.9988 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 18,260 | 4.9989 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 4,018 | 4.9992 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 3,114 | 4.9999 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 68 | 5.0001 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 11,545 | 5.0007 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 44,062 | 5.0008 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 9,695 | 5.0011 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 13,036 | 5.0013 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 78,071 | 5.0014 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 143,550 | 5.0016 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 4,236 | 5.0021 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 362 | 5.0022 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 827 | 5.0023 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 11,320 | 5.0026 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 11,476 | 5.0027 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 3,887 | 5.0028 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 5,805 | 5.0030 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 2,283 | 5.0041 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 819 | 5.0059 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 198,825 | 5.0069 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 200 | 5.0070 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 6,394 | 5.0078 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 3,956 | 5.0153 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 6,000 | 5.0213 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 11,500 | 5.0276 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 170,040 | 5.0760 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 103,544 | 4.9863 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 12,500 | 5.0020 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 485,412 | 4.9980 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 16,845 | 5.0015 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 1,753 | 5.0016 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 88,363 | 5.0020 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 5,754 | 5.0030 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 56,497 | 5.0219 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 1,000 | 5.0276 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 8,612 | 4.9956 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 50,961 | 5.0296 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 10,963 | 5.0315 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 3,259 | 5.0468 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 |
| |||||
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 |
| |||||
Is a Supplemental Form 8 (Open Positions) attached? | YES | ||||||
Date of disclosure: | 10 Apr 2025 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||
| |||||||
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 | ||||||
| |||||||
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 | -120,790 | 5.3305 | European | 06-Jun-25 | |
32 17/19p ordinary | Call Options | Written | -104,578 | 5.3176 | European | 05-Jun-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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