7th May 2025 15:07
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 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: | 06 May 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: | 9,777,646 | 0.37% | 20,184,447 | 0.75% | |||
(2) Cash-settled derivatives: | 19,556,965 | 0.73% | 9,012,310 | 0.34% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 225,363 | 0.01% | |||
TOTAL: | 29,334,611 | 1.10% | 29,422,120 | 1.09% | |||
(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 | 835,833 | 5.7620 GBP | ||||
32 17/19p ordinary | Purchase | 271,730 | 5.7642 GBP | ||||
32 17/19p ordinary | Purchase | 230,821 | 5.7602 GBP | ||||
32 17/19p ordinary | Purchase | 223,533 | 5.7504 GBP | ||||
32 17/19p ordinary | Purchase | 152,619 | 5.7760 GBP | ||||
32 17/19p ordinary | Purchase | 92,521 | 5.7414 GBP | ||||
32 17/19p ordinary | Purchase | 90,221 | 5.7364 GBP | ||||
32 17/19p ordinary | Purchase | 59,919 | 5.7561 GBP | ||||
32 17/19p ordinary | Purchase | 57,050 | 5.7453 GBP | ||||
32 17/19p ordinary | Purchase | 52,502 | 5.7509 GBP | ||||
32 17/19p ordinary | Purchase | 47,441 | 5.7610 GBP | ||||
32 17/19p ordinary | Purchase | 40,212 | 5.7394 GBP | ||||
32 17/19p ordinary | Purchase | 38,992 | 5.7665 GBP | ||||
32 17/19p ordinary | Purchase | 30,410 | 5.7382 GBP | ||||
32 17/19p ordinary | Purchase | 30,081 | 5.7463 GBP | ||||
ADR | Purchase | 23,262 | 15.5294 USD | ||||
32 17/19p ordinary | Purchase | 21,686 | 5.7581 GBP | ||||
32 17/19p ordinary | Purchase | 19,656 | 5.7572 GBP | ||||
32 17/19p ordinary | Purchase | 18,735 | 5.7573 GBP | ||||
32 17/19p ordinary | Purchase | 17,198 | 5.7498 GBP | ||||
32 17/19p ordinary | Purchase | 8,935 | 5.7519 GBP | ||||
32 17/19p ordinary | Purchase | 8,481 | 5.7600 GBP | ||||
32 17/19p ordinary | Purchase | 8,038 | 5.7455 GBP | ||||
32 17/19p ordinary | Purchase | 7,662 | 5.7477 GBP | ||||
32 17/19p ordinary | Purchase | 6,832 | 5.7603 GBP | ||||
32 17/19p ordinary | Purchase | 5,416 | 5.7399 GBP | ||||
32 17/19p ordinary | Purchase | 5,200 | 5.7365 GBP | ||||
32 17/19p ordinary | Purchase | 4,541 | 5.7478 GBP | ||||
32 17/19p ordinary | Purchase | 4,420 | 5.7286 GBP | ||||
32 17/19p ordinary | Purchase | 4,231 | 5.7473 GBP | ||||
32 17/19p ordinary | Purchase | 3,840 | 5.7213 GBP | ||||
32 17/19p ordinary | Purchase | 3,288 | 5.7533 GBP | ||||
32 17/19p ordinary | Purchase | 3,287 | 5.7500 GBP | ||||
32 17/19p ordinary | Purchase | 2,994 | 5.7166 GBP | ||||
32 17/19p ordinary | Purchase | 2,858 | 5.7372 GBP | ||||
32 17/19p ordinary | Purchase | 2,841 | 5.7313 GBP | ||||
32 17/19p ordinary | Purchase | 2,565 | 5.7403 GBP | ||||
32 17/19p ordinary | Purchase | 2,385 | 5.7457 GBP | ||||
32 17/19p ordinary | Purchase | 2,213 | 5.7348 GBP | ||||
32 17/19p ordinary | Purchase | 2,128 | 5.7551 GBP | ||||
32 17/19p ordinary | Purchase | 2,098 | 5.7244 GBP | ||||
32 17/19p ordinary | Purchase | 1,984 | 5.7710 GBP | ||||
32 17/19p ordinary | Purchase | 1,934 | 5.7465 GBP | ||||
32 17/19p ordinary | Purchase | 1,795 | 5.7154 GBP | ||||
32 17/19p ordinary | Purchase | 1,710 | 5.7386 GBP | ||||
32 17/19p ordinary | Purchase | 1,579 | 5.7570 GBP | ||||
32 17/19p ordinary | Purchase | 1,456 | 5.7440 GBP | ||||
32 17/19p ordinary | Purchase | 1,147 | 5.7700 GBP | ||||
32 17/19p ordinary | Purchase | 1,005 | 5.7360 GBP | ||||
32 17/19p ordinary | Purchase | 973 | 5.7720 GBP | ||||
32 17/19p ordinary | Purchase | 969 | 5.7260 GBP | ||||
32 17/19p ordinary | Purchase | 962 | 5.7416 GBP | ||||
32 17/19p ordinary | Purchase | 769 | 5.7520 GBP | ||||
32 17/19p ordinary | Purchase | 728 | 5.7580 GBP | ||||
32 17/19p ordinary | Purchase | 663 | 5.7280 GBP | ||||
32 17/19p ordinary | Purchase | 553 | 5.7240 GBP | ||||
32 17/19p ordinary | Purchase | 490 | 5.7540 GBP | ||||
32 17/19p ordinary | Purchase | 400 | 5.7560 GBP | ||||
32 17/19p ordinary | Purchase | 283 | 5.7129 GBP | ||||
32 17/19p ordinary | Purchase | 115 | 5.7690 GBP | ||||
32 17/19p ordinary | Purchase | 73 | 5.7000 GBP | ||||
ADR | Purchase | 8 | 15.4700 USD | ||||
32 17/19p ordinary | Purchase | 1 | 5.7703 GBP | ||||
32 17/19p ordinary | Sale | 915,897 | 5.7737 GBP | ||||
32 17/19p ordinary | Sale | 318,331 | 5.7760 GBP | ||||
32 17/19p ordinary | Sale | 225,783 | 5.7505 GBP | ||||
32 17/19p ordinary | Sale | 172,540 | 5.7449 GBP | ||||
32 17/19p ordinary | Sale | 147,575 | 5.7751 GBP | ||||
32 17/19p ordinary | Sale | 132,138 | 5.7446 GBP | ||||
32 17/19p ordinary | Sale | 126,648 | 5.7457 GBP | ||||
32 17/19p ordinary | Sale | 98,699 | 5.7511 GBP | ||||
32 17/19p ordinary | Sale | 81,932 | 5.7584 GBP | ||||
32 17/19p ordinary | Sale | 51,084 | 5.7474 GBP | ||||
32 17/19p ordinary | Sale | 39,686 | 5.7759 GBP | ||||
32 17/19p ordinary | Sale | 30,753 | 5.7495 GBP | ||||
32 17/19p ordinary | Sale | 29,750 | 5.7371 GBP | ||||
32 17/19p ordinary | Sale | 26,823 | 5.7525 GBP | ||||
32 17/19p ordinary | Sale | 25,282 | 5.7681 GBP | ||||
32 17/19p ordinary | Sale | 25,200 | 5.7577 GBP | ||||
ADR | Sale | 23,262 | 15.5294 USD | ||||
32 17/19p ordinary | Sale | 22,045 | 5.7421 GBP | ||||
32 17/19p ordinary | Sale | 16,928 | 5.7383 GBP | ||||
32 17/19p ordinary | Sale | 13,387 | 5.7645 GBP | ||||
32 17/19p ordinary | Sale | 13,338 | 5.7589 GBP | ||||
32 17/19p ordinary | Sale | 13,183 | 5.7600 GBP | ||||
32 17/19p ordinary | Sale | 11,927 | 5.7480 GBP | ||||
32 17/19p ordinary | Sale | 11,872 | 5.7397 GBP | ||||
32 17/19p ordinary | Sale | 11,759 | 5.7502 GBP | ||||
32 17/19p ordinary | Sale | 11,323 | 5.7479 GBP | ||||
32 17/19p ordinary | Sale | 10,011 | 5.7540 GBP | ||||
32 17/19p ordinary | Sale | 8,979 | 5.7776 GBP | ||||
32 17/19p ordinary | Sale | 8,369 | 5.7694 GBP | ||||
32 17/19p ordinary | Sale | 7,500 | 5.7400 GBP | ||||
32 17/19p ordinary | Sale | 6,818 | 5.7533 GBP | ||||
32 17/19p ordinary | Sale | 6,047 | 5.7453 GBP | ||||
32 17/19p ordinary | Sale | 5,515 | 5.7396 GBP | ||||
32 17/19p ordinary | Sale | 3,765 | 5.7690 GBP | ||||
32 17/19p ordinary | Sale | 3,572 | 5.7697 GBP | ||||
32 17/19p ordinary | Sale | 2,800 | 5.7531 GBP | ||||
32 17/19p ordinary | Sale | 2,321 | 5.7625 GBP | ||||
32 17/19p ordinary | Sale | 2,001 | 5.7567 GBP | ||||
32 17/19p ordinary | Sale | 1,984 | 5.7710 GBP | ||||
32 17/19p ordinary | Sale | 1,577 | 5.7579 GBP | ||||
32 17/19p ordinary | Sale | 1,532 | 5.7406 GBP | ||||
32 17/19p ordinary | Sale | 1,381 | 5.7553 GBP | ||||
32 17/19p ordinary | Sale | 1,005 | 5.7360 GBP | ||||
32 17/19p ordinary | Sale | 996 | 5.7222 GBP | ||||
32 17/19p ordinary | Sale | 976 | 5.7394 GBP | ||||
32 17/19p ordinary | Sale | 769 | 5.7520 GBP | ||||
32 17/19p ordinary | Sale | 728 | 5.7580 GBP | ||||
32 17/19p ordinary | Sale | 663 | 5.7280 GBP | ||||
32 17/19p ordinary | Sale | 644 | 5.7138 GBP | ||||
32 17/19p ordinary | Sale | 618 | 5.7700 GBP | ||||
32 17/19p ordinary | Sale | 581 | 5.7440 GBP | ||||
32 17/19p ordinary | Sale | 573 | 5.7500 GBP | ||||
32 17/19p ordinary | Sale | 359 | 5.7298 GBP | ||||
32 17/19p ordinary | Sale | 353 | 5.7458 GBP | ||||
32 17/19p ordinary | Sale | 316 | 5.7620 GBP | ||||
32 17/19p ordinary | Sale | 291 | 5.7640 GBP | ||||
32 17/19p ordinary | Sale | 226 | 5.7260 GBP | ||||
32 17/19p ordinary | Sale | 206 | 5.7219 GBP | ||||
ADR | Sale | 8 | 15.4700 USD | ||||
(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 | 644 | 5.7138 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 16,928 | 5.7383 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 5,515 | 5.7396 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 132,138 | 5.7446 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 172,540 | 5.7449 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 44,476 | 5.7455 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 11,323 | 5.7479 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 112,765 | 5.7485 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 4,226 | 5.7494 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 28,482 | 5.7510 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 2,800 | 5.7531 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 1,725 | 5.7560 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 25,200 | 5.7577 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 7,232 | 5.7671 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 176,988 | 5.7683 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 2,618 | 5.7688 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 147,575 | 5.7751 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 839,266 | 5.7760 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 8,979 | 5.7776 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 2,653 | 5.6569 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 1,795 | 5.7154 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 2,994 | 5.7166 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 4,420 | 5.7286 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 5,200 | 5.7365 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 117,398 | 5.7385 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 43,156 | 5.7394 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 875 | 5.7440 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 518 | 5.7441 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 57,050 | 5.7453 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 11,026 | 5.7457 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 328 | 5.7460 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 1,934 | 5.7465 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 8,537 | 5.7480 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 3,546 | 5.7482 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 880 | 5.7518 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 3,288 | 5.7532 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 400 | 5.7560 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 12,237 | 5.7561 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 866 | 5.7600 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 835,833 | 5.7620 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 1 | 5.7705 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 4,055 | 5.7720 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 159,762 | 5.7751 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 1,879 | 5.7760 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 68,751 | 5.7762 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 1,500 | 5.7459 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 26,200 | 5.7760 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 989 | 5.7450 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 11,822 | 5.7674 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 28,262 | 5.7675 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 13,494 | 5.7456 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 48,978 | 5.7479 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 6,034 | 5.7491 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 538 | 5.7499 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 77,728 | 5.7571 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 47,441 | 5.7609 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: | 07 May 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 | -120,786 | 5.3305 | European | 06-Jun-26 | |
32 17/19p ordinary | Call Options | Written | -104,577 | 5.3176 | European | 05-Jun-26 | |
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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