17th Feb 2025 15:22
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: | 14 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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| 30,950,185 | 1.16% | 27,471,693 | 1.03% |
(2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 10,106,753 | 0.38% | 23,687,837 | 0.88% |
(3) | Stock-settled derivatives (including options) |
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| and agreements to purchase/sell: |
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| 20,000 | 0.00% | 486,684 | 0.02% |
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| TOTAL: |
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| 41,076,938 | 1.53% | 51,646,214 | 1.93% |
(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 | 337,701 | 5.1044 GBP | ||||
32 17/19p ordinary | Purchase | 207,567 | 5.0940 GBP | ||||
32 17/19p ordinary | Purchase | 116,266 | 5.1002 GBP | ||||
32 17/19p ordinary | Purchase | 109,545 | 5.0957 GBP | ||||
32 17/19p ordinary | Purchase | 86,043 | 5.1229 GBP | ||||
32 17/19p ordinary | Purchase | 66,698 | 5.1267 GBP | ||||
32 17/19p ordinary | Purchase | 59,122 | 5.1244 GBP | ||||
32 17/19p ordinary | Purchase | 56,662 | 5.0956 GBP | ||||
32 17/19p ordinary | Purchase | 46,740 | 5.1017 GBP | ||||
32 17/19p ordinary | Purchase | 44,445 | 5.1234 GBP | ||||
32 17/19p ordinary | Purchase | 40,349 | 5.1116 GBP | ||||
32 17/19p ordinary | Purchase | 36,688 | 5.0948 GBP | ||||
32 17/19p ordinary | Purchase | 34,347 | 5.1238 GBP | ||||
32 17/19p ordinary | Purchase | 28,991 | 5.1372 GBP | ||||
32 17/19p ordinary | Purchase | 27,492 | 5.1126 GBP | ||||
32 17/19p ordinary | Purchase | 22,539 | 5.1395 GBP | ||||
32 17/19p ordinary | Purchase | 21,302 | 5.1357 GBP | ||||
32 17/19p ordinary | Purchase | 20,793 | 5.1257 GBP | ||||
32 17/19p ordinary | Purchase | 18,817 | 5.1210 GBP | ||||
32 17/19p ordinary | Purchase | 18,100 | 5.0928 GBP | ||||
32 17/19p ordinary | Purchase | 17,563 | 5.0935 GBP | ||||
32 17/19p ordinary | Purchase | 14,948 | 5.1169 GBP | ||||
32 17/19p ordinary | Purchase | 14,372 | 5.1022 GBP | ||||
32 17/19p ordinary | Purchase | 14,182 | 5.1360 GBP | ||||
32 17/19p ordinary | Purchase | 13,772 | 5.1189 GBP | ||||
32 17/19p ordinary | Purchase | 13,539 | 5.1145 GBP | ||||
32 17/19p ordinary | Purchase | 13,061 | 5.1330 GBP | ||||
32 17/19p ordinary | Purchase | 12,578 | 5.1117 GBP | ||||
32 17/19p ordinary | Purchase | 12,244 | 5.1045 GBP | ||||
32 17/19p ordinary | Purchase | 10,324 | 5.0942 GBP | ||||
32 17/19p ordinary | Purchase | 7,538 | 5.0920 GBP | ||||
32 17/19p ordinary | Purchase | 7,113 | 5.0934 GBP | ||||
32 17/19p ordinary | Purchase | 6,752 | 5.1480 GBP | ||||
32 17/19p ordinary | Purchase | 5,640 | 5.0921 GBP | ||||
32 17/19p ordinary | Purchase | 5,395 | 5.1207 GBP | ||||
32 17/19p ordinary | Purchase | 3,343 | 5.0816 GBP | ||||
32 17/19p ordinary | Purchase | 2,686 | 5.1306 GBP | ||||
32 17/19p ordinary | Purchase | 2,575 | 5.1105 GBP | ||||
32 17/19p ordinary | Purchase | 2,536 | 5.0900 GBP | ||||
32 17/19p ordinary | Purchase | 2,171 | 5.1300 GBP | ||||
32 17/19p ordinary | Purchase | 1,775 | 5.1251 GBP | ||||
32 17/19p ordinary | Purchase | 1,541 | 5.1280 GBP | ||||
32 17/19p ordinary | Purchase | 1,524 | 5.1380 GBP | ||||
32 17/19p ordinary | Purchase | 1,376 | 5.1400 GBP | ||||
32 17/19p ordinary | Purchase | 1,245 | 5.1340 GBP | ||||
32 17/19p ordinary | Purchase | 1,203 | 5.1167 GBP | ||||
32 17/19p ordinary | Purchase | 1,013 | 5.0860 GBP | ||||
32 17/19p ordinary | Purchase | 985 | 5.1440 GBP | ||||
32 17/19p ordinary | Purchase | 966 | 5.0842 GBP | ||||
32 17/19p ordinary | Purchase | 828 | 5.1140 GBP | ||||
32 17/19p ordinary | Purchase | 800 | 5.1320 GBP | ||||
32 17/19p ordinary | Purchase | 672 | 5.1160 GBP | ||||
32 17/19p ordinary | Purchase | 618 | 5.1474 GBP | ||||
32 17/19p ordinary | Purchase | 545 | 5.0960 GBP | ||||
32 17/19p ordinary | Purchase | 540 | 5.1100 GBP | ||||
32 17/19p ordinary | Purchase | 539 | 5.1310 GBP | ||||
32 17/19p ordinary | Purchase | 534 | 5.1350 GBP | ||||
32 17/19p ordinary | Purchase | 526 | 5.0660 GBP | ||||
32 17/19p ordinary | Purchase | 505 | 5.0910 GBP | ||||
32 17/19p ordinary | Purchase | 490 | 5.1200 GBP | ||||
32 17/19p ordinary | Purchase | 391 | 5.1220 GBP | ||||
32 17/19p ordinary | Purchase | 318 | 5.1259 GBP | ||||
32 17/19p ordinary | Purchase | 298 | 5.1339 GBP | ||||
32 17/19p ordinary | Purchase | 189 | 5.1420 GBP | ||||
32 17/19p ordinary | Purchase | 72 | 5.1180 GBP | ||||
32 17/19p ordinary | Purchase | 26 | 5.0800 GBP | ||||
32 17/19p ordinary | Sale | 383,559 | 5.1045 GBP | ||||
32 17/19p ordinary | Sale | 254,674 | 5.1194 GBP | ||||
32 17/19p ordinary | Sale | 221,474 | 5.1168 GBP | ||||
32 17/19p ordinary | Sale | 200,758 | 5.0973 GBP | ||||
32 17/19p ordinary | Sale | 143,350 | 5.1179 GBP | ||||
32 17/19p ordinary | Sale | 122,118 | 5.1220 GBP | ||||
32 17/19p ordinary | Sale | 72,021 | 5.1083 GBP | ||||
32 17/19p ordinary | Sale | 56,453 | 5.0920 GBP | ||||
32 17/19p ordinary | Sale | 53,354 | 5.1455 GBP | ||||
32 17/19p ordinary | Sale | 44,281 | 5.1106 GBP | ||||
32 17/19p ordinary | Sale | 41,687 | 5.0940 GBP | ||||
32 17/19p ordinary | Sale | 41,327 | 5.1158 GBP | ||||
32 17/19p ordinary | Sale | 38,291 | 5.1286 GBP | ||||
32 17/19p ordinary | Sale | 35,449 | 5.1023 GBP | ||||
32 17/19p ordinary | Sale | 33,725 | 5.1271 GBP | ||||
32 17/19p ordinary | Sale | 32,728 | 5.1038 GBP | ||||
32 17/19p ordinary | Sale | 30,472 | 5.1284 GBP | ||||
32 17/19p ordinary | Sale | 28,300 | 5.1230 GBP | ||||
32 17/19p ordinary | Sale | 24,450 | 5.1147 GBP | ||||
32 17/19p ordinary | Sale | 23,401 | 5.1084 GBP | ||||
32 17/19p ordinary | Sale | 19,480 | 5.1325 GBP | ||||
32 17/19p ordinary | Sale | 12,079 | 5.1011 GBP | ||||
32 17/19p ordinary | Sale | 9,897 | 5.1484 GBP | ||||
32 17/19p ordinary | Sale | 9,767 | 5.1125 GBP | ||||
32 17/19p ordinary | Sale | 8,642 | 5.1113 GBP | ||||
32 17/19p ordinary | Sale | 8,116 | 5.1167 GBP | ||||
32 17/19p ordinary | Sale | 7,456 | 5.1124 GBP | ||||
32 17/19p ordinary | Sale | 6,966 | 5.1195 GBP | ||||
32 17/19p ordinary | Sale | 6,752 | 5.1486 GBP | ||||
32 17/19p ordinary | Sale | 6,548 | 5.1469 GBP | ||||
32 17/19p ordinary | Sale | 5,981 | 5.1109 GBP | ||||
32 17/19p ordinary | Sale | 5,537 | 5.0849 GBP | ||||
32 17/19p ordinary | Sale | 4,885 | 5.1015 GBP | ||||
32 17/19p ordinary | Sale | 4,453 | 5.1227 GBP | ||||
32 17/19p ordinary | Sale | 4,294 | 5.0919 GBP | ||||
32 17/19p ordinary | Sale | 3,954 | 5.1096 GBP | ||||
32 17/19p ordinary | Sale | 3,590 | 5.0929 GBP | ||||
32 17/19p ordinary | Sale | 2,780 | 5.0987 GBP | ||||
32 17/19p ordinary | Sale | 2,615 | 5.1453 GBP | ||||
32 17/19p ordinary | Sale | 2,575 | 5.1110 GBP | ||||
32 17/19p ordinary | Sale | 2,448 | 5.1310 GBP | ||||
32 17/19p ordinary | Sale | 2,318 | 5.1360 GBP | ||||
32 17/19p ordinary | Sale | 2,176 | 5.0944 GBP | ||||
32 17/19p ordinary | Sale | 2,131 | 5.1280 GBP | ||||
32 17/19p ordinary | Sale | 2,037 | 5.0900 GBP | ||||
32 17/19p ordinary | Sale | 1,791 | 5.0842 GBP | ||||
32 17/19p ordinary | Sale | 1,524 | 5.1380 GBP | ||||
32 17/19p ordinary | Sale | 1,376 | 5.1400 GBP | ||||
32 17/19p ordinary | Sale | 1,245 | 5.1340 GBP | ||||
32 17/19p ordinary | Sale | 1,080 | 5.1287 GBP | ||||
32 17/19p ordinary | Sale | 1,013 | 5.0860 GBP | ||||
32 17/19p ordinary | Sale | 985 | 5.1440 GBP | ||||
32 17/19p ordinary | Sale | 981 | 5.1145 GBP | ||||
32 17/19p ordinary | Sale | 899 | 5.0960 GBP | ||||
32 17/19p ordinary | Sale | 828 | 5.1140 GBP | ||||
32 17/19p ordinary | Sale | 672 | 5.1160 GBP | ||||
32 17/19p ordinary | Sale | 626 | 5.1035 GBP | ||||
32 17/19p ordinary | Sale | 614 | 5.0930 GBP | ||||
32 17/19p ordinary | Sale | 603 | 5.1300 GBP | ||||
32 17/19p ordinary | Sale | 540 | 5.1100 GBP | ||||
32 17/19p ordinary | Sale | 534 | 5.1350 GBP | ||||
32 17/19p ordinary | Sale | 526 | 5.0660 GBP | ||||
32 17/19p ordinary | Sale | 516 | 5.1351 GBP | ||||
32 17/19p ordinary | Sale | 505 | 5.0915 GBP | ||||
32 17/19p ordinary | Sale | 500 | 5.1330 GBP | ||||
32 17/19p ordinary | Sale | 490 | 5.1200 GBP | ||||
32 17/19p ordinary | Sale | 480 | 5.1317 GBP | ||||
32 17/19p ordinary | Sale | 189 | 5.1420 GBP | ||||
32 17/19p ordinary | Sale | 164 | 5.1095 GBP | ||||
32 17/19p ordinary | Sale | 72 | 5.1180 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 | 7,328 | 5.0847 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 3,590 | 5.0929 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 725 | 5.0933 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 143,832 | 5.0937 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 20,091 | 5.0940 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 3,097 | 5.0950 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 35,449 | 5.1023 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 40,934 | 5.1060 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 164 | 5.1095 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 80,966 | 5.1106 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 4,073 | 5.1130 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 6,381 | 5.1151 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 9,481 | 5.1155 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 28,717 | 5.1158 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 59,278 | 5.1175 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 143,350 | 5.1179 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 254,674 | 5.1194 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 6,966 | 5.1195 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 120,727 | 5.1220 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 28,300 | 5.1230 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 54,826 | 5.1256 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 38,291 | 5.1286 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 6,548 | 5.1469 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 2,914 | 5.0920 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 5,640 | 5.0921 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 12,530 | 5.0935 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 203,232 | 5.0940 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 10,324 | 5.0942 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 36,688 | 5.0948 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 8,492 | 5.0949 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 166,207 | 5.0956 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 18,300 | 5.0961 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 934 | 5.0978 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 373 | 5.0979 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 43,162 | 5.1084 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 1,200 | 5.1103 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 2,652 | 5.1106 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 3,713 | 5.1116 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 11,623 | 5.1120 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 1,203 | 5.1167 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 13,772 | 5.1189 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 566 | 5.1200 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 983 | 5.1220 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 318 | 5.1259 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 110,612 | 5.1275 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 3,484 | 5.1300 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 298 | 5.1340 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 1,321 | 5.1222 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 47,532 | 5.1008 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 17,798 | 5.1130 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 44,267 | 5.1160 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 814 | 5.1475 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 814 | 5.0824 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 13,105 | 5.0873 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 9,950 | 5.0943 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 70,487 | 5.1135 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: | 17 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 | -241,310 | 4.4050 | European | 06 May 2025 | |
32 17/19p ordinary | Call Options | Written | -120,793 | 5.3305 | European | 06 Jun 2025 | |
32 17/19p ordinary | Call Options | Written | -104,581 | 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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