10th Apr 2025 11:30
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 |
9th 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: | 1,415,528 | 0.052 |
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(2) Cash-settled derivatives:
| 7,004,215 | 0.261 | 8,475,595 | 0.316 |
(3) Stock-settled derivatives 9,046,722 (including options) and agreements to purchase/sell: |
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TOTAL: | 8,419,743 | 0.314 | 8,475,595 | 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 | Purchases
Sale | 143,350 57,340 195,973 10,600 42,836 6,760
139 139 97 122 276 139 139 417 137 139 96 673 276 218 417 139 139 415 149 3,910 1,986 4,277 378 14,704 2,330 7,221 841 6,092 139 2,718 1,009 773 2,326 5,540 15,951 6,311 2,326 2,045 382 278 1,731 1,216 3,139 438 921 622 727 383 5,126 372 415 102 12,332 3,165 39,502 553 10,771 3,946 33,145 609 1,048 213 139 550 10,628 417 965 276 276 1,245 354 139 80 552 436 278 689 137 160 411 80 806 356 848 138 1,224 138 274 1,240 462 889 1,132 620 433 624 268 1,204 636 1,756 138 2,327 1,238 187 1,067 138 404 801 708 1,508 436 1,235 206,996 224 1,490 240 1,671 1,696 1,239 1,990 80 1,951 10,933 9,426 4,475 866 1,039 80 3,795 240 1,229 2,511 80 708 1,193 354 902 80 571 137 274 80 708 274 491 137 80 274 274 137 80 274 217 217 274 137 217 137 274 9 297 71 217 274 274 274 80 137 | 496.2246 497.0520 500.2000 500.3510 500.5500 502.2822
492.9500 493.0000 493.0500 493.2000 493.3000 493.4000 493.4500 493.5000 493.6000 493.7000 493.8000 494.0000 494.1000 494.1500 494.2000 494.3000 494.3500 494.4000 494.4500 494.5000 494.5500 494.6000 494.6500 494.7000 494.8000 494.9000 494.9500 495.0000 495.0500 495.1000 495.1500 495.2000 495.2500 495.3000 495.3500 495.4000 495.4500 495.5000 495.5500 495.6000 495.7000 495.7500 495.8000 495.8500 495.9000 495.9500 496.0000 496.0500 496.1000 496.1500 496.2000 496.2500 496.3000 496.3500 496.4000 496.4500 496.5000 496.5500 496.6000 496.6500 496.7000 496.7500 496.8000 496.9000 497.0000 497.0500 497.1000 497.2000 497.3000 497.4000 497.5000 497.6000 497.6500 497.7000 497.8000 497.8500 497.9000 498.1000 498.1500 498.2000 498.3000 498.4000 498.4500 498.5000 498.5500 498.6000 498.6500 498.7000 498.8000 498.8500 498.9000 498.9500 499.0000 499.0500 499.1000 499.1500 499.2000 499.2500 499.3000 499.3500 499.4000 499.5000 499.5500 499.6000 499.6500 499.7000 499.8000 499.9000 500.0000 500.0500 500.1000 500.2000 500.3000 500.4000 500.5000 500.6000 500.8000 501.0000 501.2000 501.3000 501.4000 501.5000 501.6000 501.7000 501.8000 502.0000 502.1000 502.2000 502.3000 502.4000 502.6000 502.7000 502.8000 502.9000 503.0000 503.2000 503.4000 503.6000 503.8000 504.0000 504.1000 504.2000 504.4000 504.6000 504.8000 504.9000 505.0000 505.4000 505.6000 505.8000 506.0000 506.4000 506.6000 506.8000 507.0000 507.2000 507.4000 507.6000 507.7000 507.8000 507.9000 508.0000 508.2000 508.4000 508.6000 509.4000 509.8000 |
(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: | 10th 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