3rd Jun 2025 12:35
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: | Jefferies International Limited |
(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. |
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(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | Aviva plc
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(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: |
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(e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure |
2nd June 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? If it is a cash offer or possible cash offer, state "N/A" |
Direct Line Insurance Group plc
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2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE
If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in\ 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.
(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: |
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| 571,492 | 0.021 |
(2) Cash-settled derivatives:
| 8,473,522 | 0.316 | 7,900,201 | 0.295 |
(3) Stock-settled derivatives 9,046,722 (including options) and agreements to purchase/sell: |
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TOTAL: | 8,473,522 | 0.316 | 8,471,693 | 0.316 |
All interests and all short positions should be disclosed.
Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).
(b) Rights to subscribe for new securities (including directors' and other employee options)
Class of relevant security in relation to which subscription right exists: |
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Details, including nature of the rights concerned and relevant percentages: |
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3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.
The currency of all prices and other monetary amounts should be stated.
(a) Purchases and sales
Class of relevant security | Purchase/sale
| Number of securities | Price per unit (GBX) |
32 17/19p ordinary
| Purchase
Sale | 106 951 2,669 69 2,902 556 4,808 2,343 2,048 580 2,402 1,830 4,758 717 464 1,099 4,758 8,482 2,175 80 4,774 3,736 14,785 5,168 3,510 18,779 765 2,671 15,131 796 934 218 1,977 7,291 7,231 4,667 1,123 2,802 10,220 12,721 3,752 698 1,963 109 20,593 9,747 109 14,802 3,446 363,050 781 3,344 691,181 421,152 152,069 6,368 66,273 126,567 16,781 3,024 10,627 4,284 1,636 2,150 3,224 9,833 73,601 13,634 28,452 5,575 31,622 986 14,564
1,972 1,843 35,999 1,181 116 5,976 109 2,942 3,637 1,534 934 3,900 1,868 3,845 1,043 934 53,908 934 934 218 1,977 1,977 6,538 3,191 934 1,128 5,357 2,608 5,604 839 2,089 2,072 3,086 7,095 109 5,922 4,275 5,307 3,454 1 245,836 1,685,657 712 30,578 218 109 2,506 5,165 4,284 67 10,928 72,382 986 8,319 6,134 9,289 986 | 609.2800 610.8000 611.2000 611.6000 611.8000 611.9000 612.0000 612.2000 612.4000 612.6000 612.8000 613.0000 613.2000 613.2317 613.2766 613.4000 613.6000 613.6617 613.8000 614.0000 614.2000 614.3000 614.4000 614.4400 614.6000 614.6310 614.8000 614.9000 615.0000 615.3000 615.7000 615.8000 615.9000 616.0000 616.1000 616.2000 616.3000 616.4000 616.5000 616.6000 616.7000 616.8000 617.0000 617.1000 617.1141 617.2000 617.3000 617.3287 617.4000 617.8000 617.9000 618.0000 618.2000 618.2221 618.3000 618.4000 618.5000 618.6000 618.9000 619.0000 619.1000 619.2000 619.3000 619.4000 619.5000 619.6000 619.7000 619.8000 619.9000 620.0000 620.1000 620.2000 620.3000
612.7090 612.7490 612.8242 613.2494 613.4000 613.6000 613.7000 613.8000 613.9000 614.0000 614.2000 614.3000 614.4000 614.6000 615.0000 615.2000 615.3690 615.6000 615.7000 615.8000 615.9000 616.0000 616.1000 616.1667 616.2000 616.3000 616.4000 616.5000 616.6000 616.8000 616.9000 617.0000 617.1000 617.2000 617.3000 617.4000 617.8000 617.9000 618.0000 618.1000 618.2000 618.2264 618.3000 618.3345 618.4000 618.6000 618.9000 619.1000 619.2000 619.5000 619.6000 619.7000 619.8000 619.9000 620.0000 620.1000 620.2000 |
(b) Cash-settled derivative transactions
Class of relevant security | Product description e.g. CFD | Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position | Number of reference securities | Price per unit (GBX) |
32 17/19p ordinary | Swap | Increasing a Long Position | 3,191 | 616.1666 |
· Please note, please also see other deal section at the bottom of the form.
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
Class of relevant security | Product description e.g. call option | Writing, purchasing, selling, varying etc. | Number of securities to which option relates | Exercise price per unit | Type e.g. American, European etc. | Expiry date | Option money paid/ received per unit |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit |
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(d) Other dealings (including subscribing for new securities)
Class of relevant security | Nature of dealing e.g. subscription, conversion | Details | Price per unit (if applicable) |
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4. OTHER INFORMATION
(a) Indemnity and other dealing 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: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none" |
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 or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none" |
None |
(c) Attachments
Is a Supplemental Form 8 (Open Positions) attached? | NO |
| Date of disclosure: | 3rd June 2025 |
| Contact name: | Jason Williams |
| Telephone number | 020 7029 8706 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.
*If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel's Market Surveillance Unit.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
Related Shares:
Aviva