2nd Apr 2025 12:23
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 |
1st April 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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| 192,958 | 0.007 |
(2) Cash-settled derivatives:
| 8,626,095 | 0.322 | 8,475,595 | 0.315 |
(3) Stock-settled derivatives 9,046,722 (including options) and agreements to purchase/sell: |
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TOTAL: | 8,626,095 | 0.322 | 8,668,553 | 0.323 |
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 | Purchases
Sales
| 23,198 86,010 195,120 71,675 401,380 13,563 54 5,210 1,671 7,531 1,881 137 2,418 159,759 11,602 99,153 12,123 73,838 45,870 94,377 228,586 156,639 100,060 3,600 2,000 2,639 100 252,070 5,598 13,960 300 3,301 2,733 136 518,377 12,541 1,391 4,013 28,895 9,567 2,352 276,032 59,386 3,859 14,059 80,679 7,150 2,035 2,160 5,421 691 4,451
20,500 15,315 613 3,795 54 455,502 1,671 3,160 1,881 86 244 774 6,367 22,232 22,931 8,017 683 963 76,416 147,620 31,907 4,749 13,604 603 8,429 1,116 10,966 357 2,000 2,030,745 2,744 257 120 17 6,034 58 62 394 1,828 70,737 492 2,662 366 690 1,588 21,028 1,416 16 150,000 | 551.0300 552.3702 552.8681 553.0340 554.2100 554.4000 554.4400 554.6000 554.7000 554.8000 554.9000 555.0000 555.1000 555.2000 555.3000 555.4000 555.5000 555.6000 555.7891 555.8000 555.8700 555.9000 556.0000 556.5300 556.8000 557.0000 557.1000 557.2000 557.2654 557.4000 557.5000 557.6000 557.7000 558.0200 558.6000 559.0000 559.2000 559.3000 559.4000 559.5000 559.6000 559.6088 559.7000 559.8000 559.9000 560.0000 560.0200 560.2000 560.6000 561.0000 561.2000 561.4000
551.0000 551.2000 551.3000 551.4000 551.6000 553.5861 554.7000 554.8000 554.9000 555.0000 555.1000 555.2000 555.3000 555.4000 555.4394 555.5000 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 556.9400 557.0000 557.0389 557.3000 557.6000 557.6500 557.8000 557.9000 558.2000 558.4000 558.6000 559.2000 559.3000 559.4000 559.6000 560.2000 560.4800 560.6000 561.0000 561.3000 |
(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 |
· 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: | 2nd April 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