14th Feb 2025 13:25
FORM 8.3 Amendment to 2A and 3A | |||||||
Replaces form Released at 12/02/2025 15:23 RNS Number : 9013W | |||||||
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: | 11 Feb 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: | 29,938,814 | 1.12% | 23,341,935 | 0.87% | |||
(2) Cash-settled derivatives: | 9,871,511 | 0.37% | 23,049,149 | 0.86% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 20,000 | 0.00% | 486,692 | 0.02% | |||
TOTAL: | 39,830,325 | 1.49% | 46,877,776 | 1.75% | |||
(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 | 4,314,003 | 5.0680 GBP | ||||
32 17/19p ordinary | Purchase | 1,320,980 | 5.0100 GBP | ||||
32 17/19p ordinary | Purchase | 876,586 | 5.0136 GBP | ||||
32 17/19p ordinary | Purchase | 465,345 | 5.0188 GBP | ||||
32 17/19p ordinary | Purchase | 296,247 | 5.0261 GBP | ||||
32 17/19p ordinary | Purchase | 151,815 | 5.0102 GBP | ||||
32 17/19p ordinary | Purchase | 110,138 | 5.0640 GBP | ||||
32 17/19p ordinary | Purchase | 102,327 | 5.0141 GBP | ||||
32 17/19p ordinary | Purchase | 79,533 | 5.0219 GBP | ||||
32 17/19p ordinary | Purchase | 68,690 | 5.0286 GBP | ||||
32 17/19p ordinary | Purchase | 67,349 | 5.0144 GBP | ||||
32 17/19p ordinary | Purchase | 66,074 | 5.0535 GBP | ||||
32 17/19p ordinary | Purchase | 44,533 | 5.0120 GBP | ||||
32 17/19p ordinary | Purchase | 35,900 | 5.0308 GBP | ||||
32 17/19p ordinary | Purchase | 32,476 | 5.0281 GBP | ||||
32 17/19p ordinary | Purchase | 28,722 | 5.0135 GBP | ||||
32 17/19p ordinary | Purchase | 21,385 | 5.0447 GBP | ||||
32 17/19p ordinary | Purchase | 20,290 | 5.0353 GBP | ||||
32 17/19p ordinary | Purchase | 18,616 | 5.0343 GBP | ||||
32 17/19p ordinary | Purchase | 15,709 | 5.0303 GBP | ||||
32 17/19p ordinary | Purchase | 11,401 | 5.0381 GBP | ||||
32 17/19p ordinary | Purchase | 10,145 | 5.0237 GBP | ||||
32 17/19p ordinary | Purchase | 6,157 | 5.0184 GBP | ||||
32 17/19p ordinary | Purchase | 5,950 | 5.0090 GBP | ||||
32 17/19p ordinary | Purchase | 5,749 | 5.0208 GBP | ||||
32 17/19p ordinary | Purchase | 5,447 | 5.0459 GBP | ||||
32 17/19p ordinary | Purchase | 3,665 | 5.0140 GBP | ||||
32 17/19p ordinary | Purchase | 2,886 | 5.0436 GBP | ||||
32 17/19p ordinary | Purchase | 2,264 | 5.0320 GBP | ||||
32 17/19p ordinary | Purchase | 2,119 | 5.0150 GBP | ||||
32 17/19p ordinary | Purchase | 1,968 | 5.0130 GBP | ||||
32 17/19p ordinary | Purchase | 1,919 | 5.0080 GBP | ||||
32 17/19p ordinary | Purchase | 1,824 | 5.0400 GBP | ||||
32 17/19p ordinary | Purchase | 1,774 | 5.0070 GBP | ||||
32 17/19p ordinary | Purchase | 1,556 | 5.0220 GBP | ||||
32 17/19p ordinary | Purchase | 1,537 | 5.0360 GBP | ||||
32 17/19p ordinary | Purchase | 1,514 | 5.0160 GBP | ||||
32 17/19p ordinary | Purchase | 1,463 | 5.0300 GBP | ||||
32 17/19p ordinary | Purchase | 1,363 | 5.0060 GBP | ||||
32 17/19p ordinary | Purchase | 1,352 | 5.0348 GBP | ||||
32 17/19p ordinary | Purchase | 1,250 | 5.0161 GBP | ||||
32 17/19p ordinary | Purchase | 1,205 | 5.0222 GBP | ||||
ADR | Purchase | 1,200 | 12.6200 USD | ||||
32 17/19p ordinary | Purchase | 1,123 | 5.0260 GBP | ||||
32 17/19p ordinary | Purchase | 1,093 | 5.0200 GBP | ||||
32 17/19p ordinary | Purchase | 860 | 5.0440 GBP | ||||
32 17/19p ordinary | Purchase | 825 | 5.0380 GBP | ||||
32 17/19p ordinary | Purchase | 818 | 5.0600 GBP | ||||
32 17/19p ordinary | Purchase | 802 | 5.0180 GBP | ||||
32 17/19p ordinary | Purchase | 625 | 5.0620 GBP | ||||
32 17/19p ordinary | Purchase | 614 | 5.0420 GBP | ||||
32 17/19p ordinary | Purchase | 544 | 5.0094 GBP | ||||
32 17/19p ordinary | Purchase | 530 | 5.0250 GBP | ||||
32 17/19p ordinary | Purchase | 501 | 5.0280 GBP | ||||
32 17/19p ordinary | Purchase | 498 | 5.0700 GBP | ||||
32 17/19p ordinary | Purchase | 486 | 5.0110 GBP | ||||
32 17/19p ordinary | Purchase | 157 | 5.0146 GBP | ||||
32 17/19p ordinary | Sale | 400,386 | 5.0102 GBP | ||||
32 17/19p ordinary | Sale | 374,837 | 5.0119 GBP | ||||
32 17/19p ordinary | Sale | 155,262 | 5.0074 GBP | ||||
32 17/19p ordinary | Sale | 137,288 | 5.0236 GBP | ||||
32 17/19p ordinary | Sale | 117,046 | 5.0265 GBP | ||||
32 17/19p ordinary | Sale | 100,345 | 5.0375 GBP | ||||
32 17/19p ordinary | Sale | 99,795 | 5.0143 GBP | ||||
32 17/19p ordinary | Sale | 94,332 | 5.0104 GBP | ||||
32 17/19p ordinary | Sale | 79,937 | 5.0186 GBP | ||||
32 17/19p ordinary | Sale | 78,010 | 5.0100 GBP | ||||
32 17/19p ordinary | Sale | 72,161 | 5.0110 GBP | ||||
32 17/19p ordinary | Sale | 31,999 | 5.0467 GBP | ||||
32 17/19p ordinary | Sale | 31,533 | 5.0089 GBP | ||||
32 17/19p ordinary | Sale | 28,435 | 5.0262 GBP | ||||
32 17/19p ordinary | Sale | 27,321 | 5.0369 GBP | ||||
32 17/19p ordinary | Sale | 25,955 | 5.0610 GBP | ||||
32 17/19p ordinary | Sale | 23,419 | 5.0240 GBP | ||||
32 17/19p ordinary | Sale | 21,076 | 5.0354 GBP | ||||
32 17/19p ordinary | Sale | 20,267 | 5.0212 GBP | ||||
32 17/19p ordinary | Sale | 16,927 | 5.0282 GBP | ||||
32 17/19p ordinary | Sale | 16,795 | 5.0130 GBP | ||||
32 17/19p ordinary | Sale | 16,491 | 5.0291 GBP | ||||
32 17/19p ordinary | Sale | 15,230 | 5.0393 GBP | ||||
32 17/19p ordinary | Sale | 14,707 | 5.0353 GBP | ||||
32 17/19p ordinary | Sale | 12,483 | 5.0158 GBP | ||||
32 17/19p ordinary | Sale | 12,418 | 5.0162 GBP | ||||
32 17/19p ordinary | Sale | 11,468 | 5.0126 GBP | ||||
32 17/19p ordinary | Sale | 10,356 | 5.0274 GBP | ||||
32 17/19p ordinary | Sale | 6,563 | 5.0323 GBP | ||||
32 17/19p ordinary | Sale | 6,269 | 5.0270 GBP | ||||
32 17/19p ordinary | Sale | 4,944 | 5.0080 GBP | ||||
32 17/19p ordinary | Sale | 4,640 | 5.0120 GBP | ||||
32 17/19p ordinary | Sale | 4,179 | 5.0208 GBP | ||||
32 17/19p ordinary | Sale | 4,071 | 5.0348 GBP | ||||
32 17/19p ordinary | Sale | 4,000 | 4.4050 GBP | ||||
32 17/19p ordinary | Sale | 3,698 | 5.0421 GBP | ||||
32 17/19p ordinary | Sale | 3,609 | 5.0140 GBP | ||||
32 17/19p ordinary | Sale | 3,387 | 5.0355 GBP | ||||
32 17/19p ordinary | Sale | 2,994 | 5.0267 GBP | ||||
32 17/19p ordinary | Sale | 2,396 | 5.0360 GBP | ||||
32 17/19p ordinary | Sale | 2,290 | 5.0319 GBP | ||||
32 17/19p ordinary | Sale | 2,264 | 5.0320 GBP | ||||
32 17/19p ordinary | Sale | 2,233 | 5.0150 GBP | ||||
32 17/19p ordinary | Sale | 2,218 | 5.0358 GBP | ||||
32 17/19p ordinary | Sale | 2,110 | 5.0188 GBP | ||||
32 17/19p ordinary | Sale | 1,824 | 5.0400 GBP | ||||
32 17/19p ordinary | Sale | 1,556 | 5.0220 GBP | ||||
32 17/19p ordinary | Sale | 1,514 | 5.0160 GBP | ||||
32 17/19p ordinary | Sale | 1,463 | 5.0300 GBP | ||||
32 17/19p ordinary | Sale | 1,363 | 5.0060 GBP | ||||
32 17/19p ordinary | Sale | 1,270 | 5.0070 GBP | ||||
ADR | Sale | 1,200 | 12.6200 USD | ||||
32 17/19p ordinary | Sale | 1,123 | 5.0260 GBP | ||||
32 17/19p ordinary | Sale | 1,093 | 5.0200 GBP | ||||
32 17/19p ordinary | Sale | 982 | 5.0560 GBP | ||||
32 17/19p ordinary | Sale | 860 | 5.0440 GBP | ||||
32 17/19p ordinary | Sale | 825 | 5.0380 GBP | ||||
32 17/19p ordinary | Sale | 818 | 5.0600 GBP | ||||
32 17/19p ordinary | Sale | 802 | 5.0180 GBP | ||||
32 17/19p ordinary | Sale | 651 | 5.0040 GBP | ||||
32 17/19p ordinary | Sale | 625 | 5.0620 GBP | ||||
32 17/19p ordinary | Sale | 614 | 5.0420 GBP | ||||
32 17/19p ordinary | Sale | 577 | 5.0189 GBP | ||||
32 17/19p ordinary | Sale | 565 | 5.0640 GBP | ||||
32 17/19p ordinary | Sale | 501 | 5.0280 GBP | ||||
32 17/19p ordinary | Sale | 498 | 5.0700 GBP | ||||
32 17/19p ordinary | Sale | 486 | 5.0760 GBP | ||||
32 17/19p ordinary | Sale | 188 | 5.0099 GBP | ||||
32 17/19p ordinary | Sale | 33 | 5.0259 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 | 35,213 | 5.0204 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 155,262 | 5.0075 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 31,533 | 5.0089 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 187,402 | 5.0097 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 188 | 5.0099 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 25,210 | 5.0100 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 94,332 | 5.0104 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 34,548 | 5.0106 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 71,675 | 5.0110 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 8,550 | 5.0123 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 99,795 | 5.0143 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 619 | 5.0169 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 1,101 | 5.0253 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 33 | 5.0259 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 6,786 | 5.0262 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 117,046 | 5.0265 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 16,491 | 5.0291 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 2,290 | 5.0319 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 4,071 | 5.0348 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 27,321 | 5.0369 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 3,698 | 5.0421 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 25,955 | 5.0610 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 82,378 | 5.0714 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 200 | 5.0060 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 5,950 | 5.0090 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 1,356,988 | 5.0100 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 408,084 | 5.0102 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 345 | 5.0120 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 12,118 | 5.0125 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 21,289 | 5.0128 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 9,950 | 5.0129 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 28,722 | 5.0135 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 102,327 | 5.0141 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 67,349 | 5.0144 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 1,250 | 5.0161 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 5,578 | 5.0205 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 15,993 | 5.0214 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 79,533 | 5.0219 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 40,119 | 5.0233 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 28,276 | 5.0238 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 2,550 | 5.0239 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 296,247 | 5.0261 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 8,891 | 5.0303 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 35,900 | 5.0308 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 11,448 | 5.0329 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 84,034 | 5.0339 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 5,080 | 5.0418 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 26,131 | 5.0497 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 52,076 | 5.0595 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 4,867 | 5.0286 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 30,910 | 5.0271 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 30,318 | 5.0333 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 1,200 | 5.0183 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 32,476 | 5.0281 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 59,855 | 5.0356 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 1,427 | 5.0683 GBP | |||
32 17/19p ordinary | SWAP | Opening Long | 11,468 | 5.0127 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 |
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Is a Supplemental Form 8 (Open Positions) attached? | YES | ||||||
Date of disclosure: | 14 Feb 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 | ||||||
| |||||||
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-25 | |
32 17/19p ordinary | Call Options | Purchased | 10,000 | 564.9600 | American | 19-Dec-25 | |
32 17/19p ordinary | Call Options | Written | -241,321 | 4.4050 | European | 06-May-25 | |
32 17/19p ordinary | Call Options | Written | -120,791 | 5.3305 | European | 06-May-25 | |
32 17/19p ordinary | Call Options | Written | -104,580 | 5.3176 | European | 05-Jun-25 | |
32 17/19p ordinary | Call Options | Written | -10,000 | 564.9600 | American | 19-Dec-25 | |
32 17/19p ordinary | Put Options | Written | 10,000 | 462.2400 | 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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