21st Feb 2025 10:19
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 |
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| positions disclosed, if different from 1(a): | ||||||
(c) | Name of offeror/offeree in relation to whose | AVIVA PLC | |||||
| relevant securities this form relates: | ||||||
(d) | If an exempt fund manager connected with an |
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| offeror/offeree, state this and specify identity of | ||||||
| offeror/offeree: | ||||||
(e) | Date position held/dealing undertaken: | 20 Feb 2025 | |||||
(f) | In addition to the company in 1(c) above, is the discloser making | YES: |
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| disclosures in respect of any other party to the offer? | DIRECT LINE INSURANCE GROUP PLC |
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2. | POSITIONS OF THE PERSON MAKING THE DISCLOSURE | ||||||
(a) | Interests and short positions in the relevant securities of the offeror or offeree |
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| to which the disclosure relates following the dealing(if any) |
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Class of relevant security: | 32 17/19p ordinary | ||||||
| Interests | Short Positions | |||||
| Number | (%) | Number | (%) | |||
(1) | Relevant securities owned |
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| and/or controlled: |
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| 30,703,481 | 1.15% | 25,914,837 | 0.97% |
(2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 9,921,613 | 0.37% | 23,430,104 | 0.88% |
(3) | Stock-settled derivatives (including options) |
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| and agreements to purchase/sell: |
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| 20,000 | 0.00% | 486,679 | 0.02% |
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| TOTAL: |
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| 40,645,094 | 1.52% | 49,831,620 | 1.86% |
(b) | Rights to subscribe for new securities (including directors and other executive |
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| options) |
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Class of relevant security in relation to |
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which subscription right exists |
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Details, including nature of the rights |
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concerned and relevant percentages: |
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3. | DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER | ||||||
(a) | Purchases and sales |
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Class of relevant | Purchase/sale | Number of | Price per unit | ||||
security |
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32 17/19p ordinary | Purchase | 1,478,000 | 4.9750 GBP | ||||
32 17/19p ordinary | Purchase | 557,789 | 4.9675 GBP | ||||
32 17/19p ordinary | Purchase | 229,445 | 4.9800 GBP | ||||
32 17/19p ordinary | Purchase | 216,959 | 4.9601 GBP | ||||
32 17/19p ordinary | Purchase | 186,717 | 4.9680 GBP | ||||
32 17/19p ordinary | Purchase | 111,485 | 4.9600 GBP | ||||
32 17/19p ordinary | Purchase | 110,152 | 4.9795 GBP | ||||
32 17/19p ordinary | Purchase | 106,884 | 4.9733 GBP | ||||
32 17/19p ordinary | Purchase | 103,073 | 4.9603 GBP | ||||
32 17/19p ordinary | Purchase | 88,533 | 4.9674 GBP | ||||
32 17/19p ordinary | Purchase | 85,976 | 4.9903 GBP | ||||
32 17/19p ordinary | Purchase | 48,378 | 4.9682 GBP | ||||
32 17/19p ordinary | Purchase | 42,699 | 4.9793 GBP | ||||
32 17/19p ordinary | Purchase | 35,951 | 4.9895 GBP | ||||
32 17/19p ordinary | Purchase | 32,250 | 4.9961 GBP | ||||
32 17/19p ordinary | Purchase | 27,830 | 4.9540 GBP | ||||
32 17/19p ordinary | Purchase | 24,884 | 4.9825 GBP | ||||
32 17/19p ordinary | Purchase | 22,797 | 4.9590 GBP | ||||
32 17/19p ordinary | Purchase | 16,359 | 4.9783 GBP | ||||
32 17/19p ordinary | Purchase | 15,510 | 4.9649 GBP | ||||
32 17/19p ordinary | Purchase | 15,434 | 4.9560 GBP | ||||
32 17/19p ordinary | Purchase | 14,817 | 4.9579 GBP | ||||
32 17/19p ordinary | Purchase | 13,738 | 4.9595 GBP | ||||
32 17/19p ordinary | Purchase | 12,933 | 4.9854 GBP | ||||
32 17/19p ordinary | Purchase | 12,077 | 4.9626 GBP | ||||
32 17/19p ordinary | Purchase | 11,916 | 4.9998 GBP | ||||
32 17/19p ordinary | Purchase | 10,249 | 4.9635 GBP | ||||
32 17/19p ordinary | Purchase | 7,994 | 4.9824 GBP | ||||
32 17/19p ordinary | Purchase | 6,931 | 4.9593 GBP | ||||
32 17/19p ordinary | Purchase | 6,517 | 4.9955 GBP | ||||
32 17/19p ordinary | Purchase | 6,365 | 4.9930 GBP | ||||
32 17/19p ordinary | Purchase | 6,330 | 4.9742 GBP | ||||
32 17/19p ordinary | Purchase | 6,249 | 4.9763 GBP | ||||
32 17/19p ordinary | Purchase | 5,352 | 4.9725 GBP | ||||
32 17/19p ordinary | Purchase | 4,638 | 4.9620 GBP | ||||
32 17/19p ordinary | Purchase | 4,528 | 4.9879 GBP | ||||
32 17/19p ordinary | Purchase | 4,323 | 4.9724 GBP | ||||
32 17/19p ordinary | Purchase | 4,090 | 5.0100 GBP | ||||
32 17/19p ordinary | Purchase | 3,570 | 4.9720 GBP | ||||
32 17/19p ordinary | Purchase | 3,178 | 5.0000 GBP | ||||
32 17/19p ordinary | Purchase | 2,827 | 4.9690 GBP | ||||
32 17/19p ordinary | Purchase | 2,663 | 4.9740 GBP | ||||
32 17/19p ordinary | Purchase | 2,653 | 4.9650 GBP | ||||
32 17/19p ordinary | Purchase | 2,590 | 4.9580 GBP | ||||
32 17/19p ordinary | Purchase | 2,586 | 5.0013 GBP | ||||
32 17/19p ordinary | Purchase | 2,534 | 4.9589 GBP | ||||
32 17/19p ordinary | Purchase | 2,434 | 4.9573 GBP | ||||
32 17/19p ordinary | Purchase | 2,381 | 5.0060 GBP | ||||
32 17/19p ordinary | Purchase | 2,237 | 4.9506 GBP | ||||
32 17/19p ordinary | Purchase | 2,026 | 5.0320 GBP | ||||
32 17/19p ordinary | Purchase | 1,838 | 4.9799 GBP | ||||
32 17/19p ordinary | Purchase | 1,735 | 4.9628 GBP | ||||
32 17/19p ordinary | Purchase | 1,725 | 4.9691 GBP | ||||
32 17/19p ordinary | Purchase | 1,579 | 4.9470 GBP | ||||
32 17/19p ordinary | Purchase | 1,521 | 4.9581 GBP | ||||
32 17/19p ordinary | Purchase | 1,418 | 4.9865 GBP | ||||
32 17/19p ordinary | Purchase | 1,358 | 4.9801 GBP | ||||
32 17/19p ordinary | Purchase | 1,190 | 4.9780 GBP | ||||
32 17/19p ordinary | Purchase | 1,188 | 4.9648 GBP | ||||
32 17/19p ordinary | Purchase | 1,144 | 4.9804 GBP | ||||
32 17/19p ordinary | Purchase | 1,077 | 4.9933 GBP | ||||
32 17/19p ordinary | Purchase | 1,032 | 4.9700 GBP | ||||
32 17/19p ordinary | Purchase | 794 | 5.0080 GBP | ||||
32 17/19p ordinary | Purchase | 713 | 4.9760 GBP | ||||
32 17/19p ordinary | Purchase | 655 | 4.9890 GBP | ||||
32 17/19p ordinary | Purchase | 655 | 4.9888 GBP | ||||
32 17/19p ordinary | Purchase | 563 | 4.9630 GBP | ||||
32 17/19p ordinary | Purchase | 551 | 5.0040 GBP | ||||
32 17/19p ordinary | Purchase | 546 | 4.9525 GBP | ||||
32 17/19p ordinary | Purchase | 531 | 4.9592 GBP | ||||
32 17/19p ordinary | Purchase | 354 | 4.9776 GBP | ||||
32 17/19p ordinary | Purchase | 295 | 4.9530 GBP | ||||
32 17/19p ordinary | Purchase | 251 | 4.9790 GBP | ||||
32 17/19p ordinary | Purchase | 244 | 5.0180 GBP | ||||
32 17/19p ordinary | Purchase | 218 | 5.0011 GBP | ||||
32 17/19p ordinary | Purchase | 156 | 4.9730 GBP | ||||
32 17/19p ordinary | Purchase | 25 | 4.9550 GBP | ||||
32 17/19p ordinary | Sale | 429,598 | 4.9703 GBP | ||||
32 17/19p ordinary | Sale | 286,700 | 5.0058 GBP | ||||
32 17/19p ordinary | Sale | 286,700 | 4.9735 GBP | ||||
32 17/19p ordinary | Sale | 240,974 | 4.9821 GBP | ||||
32 17/19p ordinary | Sale | 229,360 | 4.9621 GBP | ||||
32 17/19p ordinary | Sale | 163,251 | 4.9903 GBP | ||||
32 17/19p ordinary | Sale | 143,350 | 4.9775 GBP | ||||
32 17/19p ordinary | Sale | 129,825 | 4.9600 GBP | ||||
32 17/19p ordinary | Sale | 114,869 | 4.9691 GBP | ||||
32 17/19p ordinary | Sale | 107,363 | 4.9814 GBP | ||||
32 17/19p ordinary | Sale | 87,296 | 4.9654 GBP | ||||
32 17/19p ordinary | Sale | 86,010 | 4.9766 GBP | ||||
32 17/19p ordinary | Sale | 85,944 | 4.9649 GBP | ||||
32 17/19p ordinary | Sale | 60,000 | 4.9633 GBP | ||||
32 17/19p ordinary | Sale | 51,606 | 4.9575 GBP | ||||
32 17/19p ordinary | Sale | 45,025 | 4.9843 GBP | ||||
32 17/19p ordinary | Sale | 44,300 | 5.0035 GBP | ||||
32 17/19p ordinary | Sale | 32,519 | 5.0011 GBP | ||||
32 17/19p ordinary | Sale | 29,802 | 4.9819 GBP | ||||
32 17/19p ordinary | Sale | 27,963 | 4.9737 GBP | ||||
32 17/19p ordinary | Sale | 25,588 | 4.9610 GBP | ||||
32 17/19p ordinary | Sale | 23,157 | 4.9929 GBP | ||||
32 17/19p ordinary | Sale | 21,995 | 5.0113 GBP | ||||
32 17/19p ordinary | Sale | 17,332 | 4.9907 GBP | ||||
32 17/19p ordinary | Sale | 16,938 | 4.9859 GBP | ||||
32 17/19p ordinary | Sale | 16,726 | 4.9842 GBP | ||||
32 17/19p ordinary | Sale | 12,532 | 5.0004 GBP | ||||
32 17/19p ordinary | Sale | 8,272 | 4.9636 GBP | ||||
32 17/19p ordinary | Sale | 7,134 | 4.9927 GBP | ||||
32 17/19p ordinary | Sale | 6,930 | 4.9599 GBP | ||||
32 17/19p ordinary | Sale | 5,827 | 4.9759 GBP | ||||
32 17/19p ordinary | Sale | 5,373 | 4.9923 GBP | ||||
32 17/19p ordinary | Sale | 5,361 | 5.0171 GBP | ||||
32 17/19p ordinary | Sale | 5,041 | 4.9980 GBP | ||||
32 17/19p ordinary | Sale | 4,682 | 4.9882 GBP | ||||
32 17/19p ordinary | Sale | 3,907 | 4.9650 GBP | ||||
32 17/19p ordinary | Sale | 3,815 | 5.0072 GBP | ||||
32 17/19p ordinary | Sale | 3,790 | 5.0094 GBP | ||||
32 17/19p ordinary | Sale | 3,271 | 5.0000 GBP | ||||
32 17/19p ordinary | Sale | 3,262 | 4.9827 GBP | ||||
32 17/19p ordinary | Sale | 3,157 | 5.0100 GBP | ||||
32 17/19p ordinary | Sale | 3,022 | 4.9758 GBP | ||||
32 17/19p ordinary | Sale | 2,899 | 4.9560 GBP | ||||
32 17/19p ordinary | Sale | 2,827 | 4.9690 GBP | ||||
32 17/19p ordinary | Sale | 2,723 | 5.0060 GBP | ||||
32 17/19p ordinary | Sale | 2,663 | 4.9740 GBP | ||||
32 17/19p ordinary | Sale | 2,056 | 4.9680 GBP | ||||
32 17/19p ordinary | Sale | 2,026 | 5.0320 GBP | ||||
32 17/19p ordinary | Sale | 2,019 | 4.9742 GBP | ||||
32 17/19p ordinary | Sale | 2,000 | 4.9820 GBP | ||||
32 17/19p ordinary | Sale | 1,993 | 4.9788 GBP | ||||
32 17/19p ordinary | Sale | 1,426 | 4.9856 GBP | ||||
32 17/19p ordinary | Sale | 1,075 | 4.9656 GBP | ||||
32 17/19p ordinary | Sale | 1,032 | 4.9700 GBP | ||||
32 17/19p ordinary | Sale | 655 | 4.9890 GBP | ||||
32 17/19p ordinary | Sale | 563 | 4.9630 GBP | ||||
32 17/19p ordinary | Sale | 557 | 4.9900 GBP | ||||
32 17/19p ordinary | Sale | 551 | 5.0040 GBP | ||||
32 17/19p ordinary | Sale | 540 | 4.9530 GBP | ||||
32 17/19p ordinary | Sale | 517 | 4.9746 GBP | ||||
32 17/19p ordinary | Sale | 156 | 4.9730 GBP | ||||
32 17/19p ordinary | Sale | 70 | 5.0180 GBP | ||||
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(b) | Cash-settled derivative transactions |
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Class of | Product | Nature of dealing | Number of | Price per | |||
relevant | description |
| reference | unit | |||
security |
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32 17/19p ordinary | SWAP | Decreasing Short | 23,710 | 4.9592 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 6,930 | 4.9599 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 115,238 | 4.9600 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 47,710 | 4.9605 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 229,360 | 4.9621 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 8,272 | 4.9636 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 55,764 | 4.9708 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 500 | 4.9721 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 481,656 | 4.9729 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 9,547 | 4.9740 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 86,010 | 4.9766 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 8,410 | 4.9828 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 947 | 4.9834 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 45,025 | 4.9843 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 557 | 4.9900 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 62,439 | 4.9904 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 91,433 | 4.9909 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 6,244 | 4.9917 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 7,134 | 4.9927 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 32,519 | 5.0011 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 5,915 | 5.0029 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 286,700 | 5.0059 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 515 | 5.0100 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 351 | 5.0140 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 5,361 | 5.0171 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 74,389 | 4.9600 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 50,309 | 4.9601 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 111,260 | 4.9602 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 103,073 | 4.9603 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 924 | 4.9609 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 18,889 | 4.9610 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 42,635 | 4.9643 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 1,413 | 4.9644 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 547 | 4.9661 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 228,855 | 4.9675 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 12,799 | 4.9703 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 106,884 | 4.9733 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 4,810 | 4.9748 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 354 | 4.9776 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 39,975 | 4.9795 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 1,358 | 4.9801 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 60,764 | 4.9824 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 22,383 | 4.9857 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 6,353 | 4.9930 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 6,517 | 4.9955 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 109,921 | 4.9960 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 66,529 | 4.9981 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 11,916 | 4.9998 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 218 | 5.0011 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 446 | 5.0099 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 1,349 | 4.9746 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 26,984 | 4.9879 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 49,709 | 5.0106 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 2,299 | 4.9511 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 1,349 | 4.9603 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 9,184 | 4.9758 GBP | |||
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(c) | Stock-settled derivative transactions (including options) |
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(i) | Writing, selling, purchasing or varying |
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Class | Product | Writing, | Number | Exercise | Type | Expiry | Option |
of | description | purchasing, | of | price |
| date | money |
relevant |
| selling, | securities | per unit |
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security |
| varying etc | to which |
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| received |
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| option |
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(ii) | Exercising |
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Class of relevant | Product description | Exercising/ exercised against | Number of | Exercise price per | |||
security |
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(d) | Other dealings (including subscribing for new securities) |
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Class of relevant | Nature of Dealings | Details | Price per unit (if | ||||
security |
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4. | OTHER INFORMATION | ||||||
(a) | Indemnity and other dealings arrangements |
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Details of any indemnity or option arrangement, or any agreement or understanding, |
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formal or informal, relating to relevant securities which may be an inducement to deal |
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or refrain from dealing entered into by the exempt principal trader making the disclosure and any party |
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to the offer or any person acting in concert with a party to the offer: |
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NONE | |||||||
(b) | Agreements, arrangements or understandings relating to options or derivatives |
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Details of any agreement, arrangement or understanding, formal or informal, between |
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the person making the disclosure and any other person relating to: |
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(i) the voting rights of any relevant securities under any option; or |
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(ii) the voting rights of future acquisition or disposal of any relevant securities to which |
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any derivative is referenced: |
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NONE | |||||||
(c) | Attachments |
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Is a Supplemental Form 8 (Open Positions) attached? | YES | ||||||
Date of disclosure: | 21 Feb 2025 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||
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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 | Barclays PLC. | ||||||
are being disclosed: | |||||||
Name of offeror/offeree in relation to whose | AVIVA PLC | ||||||
relevant securities this from relates: | |||||||
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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 | 462.2400 | American | 19 Dec 2025 | |
32 17/19p ordinary | Call Options | Purchased | 10,000 | 564.9600 | American | 19 Dec 2025 | |
32 17/19p ordinary | Call Options | Written | -241,313 | 4.4050 | European | 06 May 2025 | |
32 17/19p ordinary | Call Options | Written | -120,790 | 5.3305 | European | 06 Jun 2025 | |
32 17/19p ordinary | Call Options | Written | -104,576 | 5.3176 | European | 05 Jun 2025 | |
32 17/19p ordinary | Call Options | Written | -10,000 | 564.9600 | American | 19 Dec 2025 | |
32 17/19p ordinary | Put Options | Written | 10,000 | 462.2400 | American | 19 Dec 2025 | |
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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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