29th Jan 2025 15:04
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): |
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(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: |
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(e) | Date position held/dealing undertaken: | 28 Jan 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: | 20,405,957 | 0.76% | 20,117,220 | 0.75% | |||
(2) Cash-settled derivatives: | 2,992,911 | 0.11% | 14,956,858 | 0.56% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 20,000 | 0.00% | 486,678 | 0.02% | |||
TOTAL: | 23,418,868 | 0.87% | 35,560,756 | 1.33% | |||
(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 | 1,075,654 | 5.0680 GBP | ||||
32 17/19p ordinary | Purchase | 243,138 | 5.0733 GBP | ||||
32 17/19p ordinary | Purchase | 152,491 | 5.0720 GBP | ||||
32 17/19p ordinary | Purchase | 130,803 | 5.0814 GBP | ||||
32 17/19p ordinary | Purchase | 115,694 | 5.0669 GBP | ||||
32 17/19p ordinary | Purchase | 85,935 | 5.0815 GBP | ||||
32 17/19p ordinary | Purchase | 80,804 | 5.0689 GBP | ||||
32 17/19p ordinary | Purchase | 75,959 | 5.0791 GBP | ||||
32 17/19p ordinary | Purchase | 42,775 | 5.0736 GBP | ||||
32 17/19p ordinary | Purchase | 42,700 | 5.0786 GBP | ||||
32 17/19p ordinary | Purchase | 32,892 | 5.0789 GBP | ||||
32 17/19p ordinary | Purchase | 31,573 | 5.0843 GBP | ||||
32 17/19p ordinary | Purchase | 23,347 | 5.0796 GBP | ||||
32 17/19p ordinary | Purchase | 23,000 | 5.0714 GBP | ||||
32 17/19p ordinary | Purchase | 20,392 | 5.0758 GBP | ||||
32 17/19p ordinary | Purchase | 18,633 | 5.0672 GBP | ||||
32 17/19p ordinary | Purchase | 15,465 | 5.0839 GBP | ||||
32 17/19p ordinary | Purchase | 14,657 | 5.0787 GBP | ||||
32 17/19p ordinary | Purchase | 13,960 | 5.0802 GBP | ||||
32 17/19p ordinary | Purchase | 13,309 | 5.0818 GBP | ||||
32 17/19p ordinary | Purchase | 12,049 | 5.0799 GBP | ||||
32 17/19p ordinary | Purchase | 11,967 | 5.0800 GBP | ||||
32 17/19p ordinary | Purchase | 11,764 | 5.0721 GBP | ||||
32 17/19p ordinary | Purchase | 10,326 | 5.0822 GBP | ||||
32 17/19p ordinary | Purchase | 10,258 | 5.0753 GBP | ||||
32 17/19p ordinary | Purchase | 9,836 | 5.0820 GBP | ||||
32 17/19p ordinary | Purchase | 8,909 | 5.0826 GBP | ||||
32 17/19p ordinary | Purchase | 8,801 | 5.0775 GBP | ||||
32 17/19p ordinary | Purchase | 7,960 | 5.0894 GBP | ||||
32 17/19p ordinary | Purchase | 7,677 | 5.0840 GBP | ||||
32 17/19p ordinary | Purchase | 7,160 | 5.0739 GBP | ||||
32 17/19p ordinary | Purchase | 6,995 | 5.0780 GBP | ||||
32 17/19p ordinary | Purchase | 6,689 | 5.0788 GBP | ||||
32 17/19p ordinary | Purchase | 5,951 | 5.0760 GBP | ||||
32 17/19p ordinary | Purchase | 5,630 | 5.0838 GBP | ||||
32 17/19p ordinary | Purchase | 5,148 | 5.0674 GBP | ||||
32 17/19p ordinary | Purchase | 4,242 | 5.0807 GBP | ||||
32 17/19p ordinary | Purchase | 3,901 | 5.0778 GBP | ||||
32 17/19p ordinary | Purchase | 3,478 | 5.0747 GBP | ||||
32 17/19p ordinary | Purchase | 1,780 | 5.0716 GBP | ||||
32 17/19p ordinary | Purchase | 1,630 | 5.0794 GBP | ||||
32 17/19p ordinary | Purchase | 1,582 | 5.0804 GBP | ||||
ADR | Purchase | 1,492 | 12.8080 USD | ||||
32 17/19p ordinary | Purchase | 1,440 | 5.0860 GBP | ||||
32 17/19p ordinary | Purchase | 1,281 | 5.0761 GBP | ||||
32 17/19p ordinary | Purchase | 1,111 | 5.0810 GBP | ||||
32 17/19p ordinary | Purchase | 994 | 5.0729 GBP | ||||
32 17/19p ordinary | Purchase | 723 | 5.0700 GBP | ||||
32 17/19p ordinary | Purchase | 523 | 5.0920 GBP | ||||
32 17/19p ordinary | Purchase | 519 | 5.0880 GBP | ||||
32 17/19p ordinary | Purchase | 303 | 5.0765 GBP | ||||
32 17/19p ordinary | Purchase | 208 | 5.0900 GBP | ||||
32 17/19p ordinary | Purchase | 145 | 5.0740 GBP | ||||
ADR | Purchase | 14 | 12.7700 USD | ||||
32 17/19p ordinary | Purchase | 8 | 5.0767 GBP | ||||
32 17/19p ordinary | Sale | 308,351 | 5.0683 GBP | ||||
32 17/19p ordinary | Sale | 162,419 | 5.0809 GBP | ||||
32 17/19p ordinary | Sale | 149,953 | 5.0680 GBP | ||||
32 17/19p ordinary | Sale | 121,596 | 5.0800 GBP | ||||
32 17/19p ordinary | Sale | 77,377 | 5.0688 GBP | ||||
32 17/19p ordinary | Sale | 60,872 | 5.0760 GBP | ||||
32 17/19p ordinary | Sale | 58,827 | 5.0820 GBP | ||||
32 17/19p ordinary | Sale | 36,205 | 5.0742 GBP | ||||
32 17/19p ordinary | Sale | 23,347 | 5.0679 GBP | ||||
32 17/19p ordinary | Sale | 22,273 | 5.0783 GBP | ||||
32 17/19p ordinary | Sale | 16,300 | 5.0776 GBP | ||||
32 17/19p ordinary | Sale | 16,222 | 5.0798 GBP | ||||
32 17/19p ordinary | Sale | 15,013 | 5.0788 GBP | ||||
32 17/19p ordinary | Sale | 14,773 | 5.0805 GBP | ||||
32 17/19p ordinary | Sale | 13,365 | 5.0711 GBP | ||||
32 17/19p ordinary | Sale | 12,601 | 5.0669 GBP | ||||
32 17/19p ordinary | Sale | 10,452 | 5.0784 GBP | ||||
32 17/19p ordinary | Sale | 8,658 | 5.0826 GBP | ||||
32 17/19p ordinary | Sale | 7,279 | 5.0704 GBP | ||||
32 17/19p ordinary | Sale | 6,467 | 5.0780 GBP | ||||
32 17/19p ordinary | Sale | 6,378 | 5.0729 GBP | ||||
32 17/19p ordinary | Sale | 5,630 | 5.0843 GBP | ||||
32 17/19p ordinary | Sale | 4,134 | 5.0734 GBP | ||||
32 17/19p ordinary | Sale | 4,019 | 5.0840 GBP | ||||
32 17/19p ordinary | Sale | 3,871 | 5.0749 GBP | ||||
32 17/19p ordinary | Sale | 3,650 | 5.0690 GBP | ||||
32 17/19p ordinary | Sale | 3,580 | 5.0762 GBP | ||||
32 17/19p ordinary | Sale | 2,312 | 5.0675 GBP | ||||
32 17/19p ordinary | Sale | 2,216 | 5.0720 GBP | ||||
32 17/19p ordinary | Sale | 2,212 | 5.0745 GBP | ||||
32 17/19p ordinary | Sale | 2,203 | 5.0759 GBP | ||||
32 17/19p ordinary | Sale | 2,169 | 5.0900 GBP | ||||
32 17/19p ordinary | Sale | 2,128 | 5.0740 GBP | ||||
32 17/19p ordinary | Sale | 1,771 | 5.0754 GBP | ||||
32 17/19p ordinary | Sale | 1,513 | 5.0693 GBP | ||||
32 17/19p ordinary | Sale | 1,494 | 5.0807 GBP | ||||
ADR | Sale | 1,492 | 12.8080 USD | ||||
32 17/19p ordinary | Sale | 1,014 | 5.0771 GBP | ||||
32 17/19p ordinary | Sale | 845 | 5.0860 GBP | ||||
32 17/19p ordinary | Sale | 796 | 5.0700 GBP | ||||
32 17/19p ordinary | Sale | 712 | 5.0781 GBP | ||||
32 17/19p ordinary | Sale | 523 | 5.0920 GBP | ||||
32 17/19p ordinary | Sale | 519 | 5.0880 GBP | ||||
32 17/19p ordinary | Sale | 426 | 5.0743 GBP | ||||
32 17/19p ordinary | Sale | 120 | 5.0725 GBP | ||||
32 17/19p ordinary | Sale | 89 | 5.0925 GBP | ||||
32 17/19p ordinary | Sale | 64 | 5.0799 GBP | ||||
32 17/19p ordinary | Sale | 64 | 5.0804 GBP | ||||
32 17/19p ordinary | Sale | 53 | 5.0773 GBP | ||||
ADR | Sale | 14 | 12.7700 USD | ||||
32 17/19p ordinary | Sale | 11 | 5.0801 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 | 36,762 | 5.0756 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 3,539 | 5.0659 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 75,908 | 5.0669 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 23,234 | 5.0672 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 9,062 | 5.0673 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 23,347 | 5.0679 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 58,472 | 5.0680 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 7,279 | 5.0704 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 120 | 5.0725 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 6,378 | 5.0729 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 1,935 | 5.0740 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 2,212 | 5.0745 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 3,663 | 5.0749 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 1,771 | 5.0754 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 1,040 | 5.0756 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 647 | 5.0759 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 226 | 5.0760 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 1,014 | 5.0771 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 53 | 5.0773 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 22,993 | 5.0783 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 12,228 | 5.0787 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 1,496 | 5.0805 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 54 | 5.0820 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 89 | 5.0925 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 3,896 | 5.0669 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 167,502 | 5.0680 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 141 | 5.0681 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 13,093 | 5.0682 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 4,219 | 5.0690 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 23,000 | 5.0714 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 36,057 | 5.0715 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 150,275 | 5.0720 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 11,764 | 5.0721 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 7,160 | 5.0739 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 10,258 | 5.0753 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 8,801 | 5.0775 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 466 | 5.0778 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 42,700 | 5.0786 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 50,938 | 5.0788 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 30,275 | 5.0791 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 5,184 | 5.0792 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 1,361 | 5.0794 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 12,049 | 5.0799 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 178 | 5.0800 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 4,534 | 5.0804 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 9,241 | 5.0808 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 37,973 | 5.0810 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 130,803 | 5.0815 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 745 | 5.0820 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 8,909 | 5.0826 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 10,440 | 5.0829 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 4,068 | 5.0840 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 31,573 | 5.0843 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 7,960 | 5.0894 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 835 | 5.0823 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 4,620 | 5.0676 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 10,625 | 5.0720 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 2,797 | 5.0749 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 4,620 | 5.0683 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 6,454 | 5.0739 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 1,492 | 5.0807 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 |
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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: | 29 Jan 2025 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||
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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 | ||||||
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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 | 456.4800 | American | 19-Dec-25 | |
32 17/19p ordinary | Call Options | Purchased | 10,000 | 557.9200 | American | 19-Dec-25 | |
32 17/19p ordinary | Call Options | Written | -241,314 | 4.4050 | European | 06-May-25 | |
32 17/19p ordinary | Call Options | Written | -120,788 | 5.3305 | European | 06-Jun-25 | |
32 17/19p ordinary | Call Options | Written | -104,576 | 5.3176 | European | 05-Jun-25 | |
32 17/19p ordinary | Call Options | Written | -10,000 | 557.9200 | American | 19-Dec-25 | |
32 17/19p ordinary | Put Options | Written | 10,000 | 456.4800 | American | 19-Dec-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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