28th Mar 2025 13:03
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 |
27th March 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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| 88,918 | 0.003 |
(2) Cash-settled derivatives:
| 8,572,701 | 0.320 | 8,505,905 | 0.317 |
(3) Stock-settled derivatives 9,046,722 (including options) and agreements to purchase/sell: |
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TOTAL: | 8,572,701 | 0.320 | 8,594,823 | 0.320 |
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 | 9,880 716,750 4,878 243,695 48,221 1,550 119 481 2,150,250 71,675 680 1,167 33,020 128,831 16,817 1,723 93,370 200 1,857 10,247 6,485 2,362 12,586 5,841 3,427 1,242 57,282 100 12,781 6,180 1,457 10,052 1,854 18,418 178 10,998 747 1,769
1,869 41,499 382 2,895 816 9,128 42 4,648 850 777 1,405 3,148 881 3,389 714 2,567 119 357 15,909 75,587 1,280 2,367 1,666 150,600 2,165 43,656 51,865 600 35,101 836 88 17,554 357 36,402 22,744 5,373 938 131,880 691 24,273 5,707 476,508 591 355,336 119 1,396,297 238 199,972 357 168,259 682 153 221,090 119 246,873 177 119 36,486 328,586 12,586 1,755 57,055 3,331 6,028 | 553.8400 554.1031 554.3806 554.3810 554.6025 555.0000 555.3000 555.4000 556.2600 556.5123 556.6000 556.8000 557.0000 557.1500 557.2000 557.3000 557.4000 557.5000 557.6000 557.8000 558.0000 558.2000 558.2695 558.4000 558.6000 558.7000 559.0000 559.1000 559.1199 559.2000 559.3000 559.4000 559.5000 559.6000 559.6200 559.7000 559.8000 559.9000
552.0000 552.6000 552.7000 552.8000 552.9000 553.0000 553.1000 553.2000 553.4000 553.5000 553.6000 553.8000 553.9000 554.0000 554.1000 554.2000 554.3000 554.4000 554.5000 554.6000 554.7000 554.8000 554.9000 555.0000 555.1000 555.2000 555.3000 555.3800 555.4000 555.5000 555.5800 555.6000 555.7000 555.8000 555.9000 556.0000 556.1000 556.2000 556.3000 556.4000 556.5000 556.6000 556.7000 556.8000 556.9000 557.0000 557.1000 557.2000 557.3000 557.4000 557.5000 557.5800 557.6000 557.7000 557.8000 557.8800 557.9000 558.0000 558.0639 558.2695 558.6000 559.0000 559.4000 559.6000 |
· Please note, please also see other deal section at the bottom of the form.
(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 Swap Swap Swap Swap Swap Swap | Increasing a long position Increasing a long position Increasing a long position Increasing a long position Increasing a long position Increasing a long position Reducing a short position | 2,867 6,113 3,306 9,812 26,304 18,395 437,499 | 554.3850 554.3850 554.3850 554.3850 554.3850 554.3850 556.6000 |
· 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: | 28th March 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