5th Mar 2025 13:45
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: | 04 Mar 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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| 22,954,540 | 0.86% | 21,549,578 | 0.80% |
(2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 11,413,193 | 0.43% | 16,008,313 | 0.60% |
(3) | Stock-settled derivatives (including options) |
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| and agreements to purchase/sell: |
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| 0 | 0.00% | 225,419 | 0.01% |
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| TOTAL: |
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| 34,367,733 | 1.28% | 37,783,310 | 1.41% |
(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 | 1,626,419 | 5.3660 GBP | ||||
32 17/19p ordinary | Purchase | 444,400 | 5.3397 GBP | ||||
32 17/19p ordinary | Purchase | 440,160 | 5.3404 GBP | ||||
32 17/19p ordinary | Purchase | 422,752 | 5.3421 GBP | ||||
32 17/19p ordinary | Purchase | 384,104 | 5.3569 GBP | ||||
32 17/19p ordinary | Purchase | 204,004 | 5.3527 GBP | ||||
32 17/19p ordinary | Purchase | 167,458 | 5.3424 GBP | ||||
32 17/19p ordinary | Purchase | 165,585 | 5.3960 GBP | ||||
32 17/19p ordinary | Purchase | 153,423 | 5.3380 GBP | ||||
32 17/19p ordinary | Purchase | 149,343 | 5.3622 GBP | ||||
32 17/19p ordinary | Purchase | 120,734 | 5.3698 GBP | ||||
32 17/19p ordinary | Purchase | 120,649 | 5.3787 GBP | ||||
32 17/19p ordinary | Purchase | 90,795 | 5.3691 GBP | ||||
32 17/19p ordinary | Purchase | 84,800 | 5.3909 GBP | ||||
32 17/19p ordinary | Purchase | 75,904 | 5.3591 GBP | ||||
32 17/19p ordinary | Purchase | 48,068 | 5.3554 GBP | ||||
32 17/19p ordinary | Purchase | 42,362 | 5.3921 GBP | ||||
32 17/19p ordinary | Purchase | 37,942 | 5.3570 GBP | ||||
32 17/19p ordinary | Purchase | 25,100 | 5.4082 GBP | ||||
32 17/19p ordinary | Purchase | 23,970 | 5.3384 GBP | ||||
32 17/19p ordinary | Purchase | 20,954 | 5.3482 GBP | ||||
32 17/19p ordinary | Purchase | 19,739 | 5.3432 GBP | ||||
32 17/19p ordinary | Purchase | 17,676 | 5.3690 GBP | ||||
32 17/19p ordinary | Purchase | 15,897 | 5.3618 GBP | ||||
32 17/19p ordinary | Purchase | 14,560 | 5.3737 GBP | ||||
32 17/19p ordinary | Purchase | 11,746 | 5.3532 GBP | ||||
32 17/19p ordinary | Purchase | 10,255 | 5.3771 GBP | ||||
32 17/19p ordinary | Purchase | 8,192 | 5.3540 GBP | ||||
32 17/19p ordinary | Purchase | 7,931 | 5.3600 GBP | ||||
32 17/19p ordinary | Purchase | 7,340 | 5.3670 GBP | ||||
32 17/19p ordinary | Purchase | 7,151 | 5.3649 GBP | ||||
32 17/19p ordinary | Purchase | 6,550 | 5.3544 GBP | ||||
32 17/19p ordinary | Purchase | 5,878 | 5.3620 GBP | ||||
32 17/19p ordinary | Purchase | 5,184 | 5.3561 GBP | ||||
32 17/19p ordinary | Purchase | 5,023 | 5.3839 GBP | ||||
32 17/19p ordinary | Purchase | 4,962 | 5.3553 GBP | ||||
32 17/19p ordinary | Purchase | 4,870 | 5.3408 GBP | ||||
32 17/19p ordinary | Purchase | 4,831 | 5.3460 GBP | ||||
32 17/19p ordinary | Purchase | 4,648 | 5.3444 GBP | ||||
32 17/19p ordinary | Purchase | 2,727 | 5.3805 GBP | ||||
32 17/19p ordinary | Purchase | 2,573 | 5.3920 GBP | ||||
32 17/19p ordinary | Purchase | 2,205 | 5.3530 GBP | ||||
32 17/19p ordinary | Purchase | 1,820 | 5.3486 GBP | ||||
32 17/19p ordinary | Purchase | 1,694 | 5.4020 GBP | ||||
32 17/19p ordinary | Purchase | 1,518 | 5.4060 GBP | ||||
32 17/19p ordinary | Purchase | 1,512 | 5.3430 GBP | ||||
32 17/19p ordinary | Purchase | 1,493 | 5.3700 GBP | ||||
32 17/19p ordinary | Purchase | 1,383 | 5.3644 GBP | ||||
ADR | Purchase | 1,200 | 13.8000 USD | ||||
32 17/19p ordinary | Purchase | 1,069 | 5.3599 GBP | ||||
32 17/19p ordinary | Purchase | 1,053 | 5.4120 GBP | ||||
32 17/19p ordinary | Purchase | 961 | 5.4018 GBP | ||||
32 17/19p ordinary | Purchase | 865 | 5.3640 GBP | ||||
ADR | Purchase | 818 | 13.8400 USD | ||||
32 17/19p ordinary | Purchase | 790 | 5.3552 GBP | ||||
32 17/19p ordinary | Purchase | 725 | 5.4255 GBP | ||||
32 17/19p ordinary | Purchase | 648 | 5.4080 GBP | ||||
32 17/19p ordinary | Purchase | 591 | 5.3500 GBP | ||||
32 17/19p ordinary | Purchase | 536 | 5.3980 GBP | ||||
ADR | Purchase | 402 | 13.7902 USD | ||||
32 17/19p ordinary | Purchase | 392 | 5.3601 GBP | ||||
32 17/19p ordinary | Purchase | 270 | 5.3998 GBP | ||||
32 17/19p ordinary | Purchase | 250 | 5.4160 GBP | ||||
32 17/19p ordinary | Purchase | 137 | 5.3854 GBP | ||||
32 17/19p ordinary | Purchase | 133 | 5.3800 GBP | ||||
32 17/19p ordinary | Purchase | 59 | 5.4100 GBP | ||||
32 17/19p ordinary | Purchase | 25 | 5.3420 GBP | ||||
32 17/19p ordinary | Purchase | 20 | 5.4030 GBP | ||||
32 17/19p ordinary | Sale | 832,582 | 5.3755 GBP | ||||
32 17/19p ordinary | Sale | 711,012 | 5.3489 GBP | ||||
32 17/19p ordinary | Sale | 708,267 | 5.3521 GBP | ||||
32 17/19p ordinary | Sale | 661,771 | 5.3545 GBP | ||||
32 17/19p ordinary | Sale | 495,572 | 5.3380 GBP | ||||
32 17/19p ordinary | Sale | 192,101 | 5.3741 GBP | ||||
32 17/19p ordinary | Sale | 165,423 | 5.3599 GBP | ||||
32 17/19p ordinary | Sale | 111,292 | 5.3602 GBP | ||||
32 17/19p ordinary | Sale | 104,788 | 5.3717 GBP | ||||
32 17/19p ordinary | Sale | 103,119 | 5.3891 GBP | ||||
32 17/19p ordinary | Sale | 101,254 | 5.3514 GBP | ||||
32 17/19p ordinary | Sale | 86,368 | 5.3932 GBP | ||||
32 17/19p ordinary | Sale | 77,992 | 5.3705 GBP | ||||
32 17/19p ordinary | Sale | 59,689 | 5.3377 GBP | ||||
32 17/19p ordinary | Sale | 45,343 | 5.3556 GBP | ||||
32 17/19p ordinary | Sale | 44,832 | 5.3690 GBP | ||||
32 17/19p ordinary | Sale | 39,256 | 5.3799 GBP | ||||
32 17/19p ordinary | Sale | 37,409 | 5.4020 GBP | ||||
32 17/19p ordinary | Sale | 35,201 | 5.3621 GBP | ||||
32 17/19p ordinary | Sale | 30,252 | 5.3574 GBP | ||||
32 17/19p ordinary | Sale | 28,422 | 5.3589 GBP | ||||
32 17/19p ordinary | Sale | 28,070 | 5.3470 GBP | ||||
32 17/19p ordinary | Sale | 26,009 | 5.3817 GBP | ||||
32 17/19p ordinary | Sale | 22,155 | 5.3837 GBP | ||||
32 17/19p ordinary | Sale | 21,436 | 5.3700 GBP | ||||
32 17/19p ordinary | Sale | 19,182 | 5.3961 GBP | ||||
32 17/19p ordinary | Sale | 18,946 | 5.3980 GBP | ||||
32 17/19p ordinary | Sale | 16,931 | 5.3629 GBP | ||||
32 17/19p ordinary | Sale | 16,624 | 5.3592 GBP | ||||
32 17/19p ordinary | Sale | 15,344 | 5.3745 GBP | ||||
32 17/19p ordinary | Sale | 14,699 | 5.3712 GBP | ||||
32 17/19p ordinary | Sale | 14,120 | 5.3659 GBP | ||||
32 17/19p ordinary | Sale | 13,893 | 5.3614 GBP | ||||
32 17/19p ordinary | Sale | 13,145 | 5.3715 GBP | ||||
32 17/19p ordinary | Sale | 13,118 | 5.3873 GBP | ||||
32 17/19p ordinary | Sale | 13,114 | 5.3866 GBP | ||||
32 17/19p ordinary | Sale | 12,945 | 5.3577 GBP | ||||
32 17/19p ordinary | Sale | 12,126 | 5.3815 GBP | ||||
32 17/19p ordinary | Sale | 11,291 | 5.3754 GBP | ||||
32 17/19p ordinary | Sale | 10,038 | 5.3488 GBP | ||||
32 17/19p ordinary | Sale | 9,819 | 5.4099 GBP | ||||
32 17/19p ordinary | Sale | 9,622 | 5.3694 GBP | ||||
32 17/19p ordinary | Sale | 8,087 | 5.3633 GBP | ||||
32 17/19p ordinary | Sale | 8,072 | 5.3926 GBP | ||||
32 17/19p ordinary | Sale | 7,972 | 5.3584 GBP | ||||
32 17/19p ordinary | Sale | 7,663 | 5.3476 GBP | ||||
32 17/19p ordinary | Sale | 6,064 | 5.3675 GBP | ||||
32 17/19p ordinary | Sale | 5,781 | 5.3540 GBP | ||||
32 17/19p ordinary | Sale | 5,164 | 5.3460 GBP | ||||
32 17/19p ordinary | Sale | 4,176 | 5.3570 GBP | ||||
32 17/19p ordinary | Sale | 2,750 | 5.3610 GBP | ||||
32 17/19p ordinary | Sale | 2,573 | 5.3920 GBP | ||||
32 17/19p ordinary | Sale | 2,142 | 5.3620 GBP | ||||
32 17/19p ordinary | Sale | 1,932 | 5.4186 GBP | ||||
32 17/19p ordinary | Sale | 1,832 | 5.3628 GBP | ||||
32 17/19p ordinary | Sale | 1,529 | 5.3600 GBP | ||||
32 17/19p ordinary | Sale | 1,512 | 5.3430 GBP | ||||
ADR | Sale | 1,200 | 13.8000 USD | ||||
ADR | Sale | 818 | 13.8400 USD | ||||
32 17/19p ordinary | Sale | 728 | 5.3670 GBP | ||||
32 17/19p ordinary | Sale | 689 | 5.3640 GBP | ||||
32 17/19p ordinary | Sale | 591 | 5.3500 GBP | ||||
32 17/19p ordinary | Sale | 506 | 5.3660 GBP | ||||
32 17/19p ordinary | Sale | 448 | 5.3630 GBP | ||||
ADR | Sale | 402 | 13.7902 USD | ||||
32 17/19p ordinary | Sale | 299 | 5.4200 GBP | ||||
32 17/19p ordinary | Sale | 250 | 5.4160 GBP | ||||
32 17/19p ordinary | Sale | 53 | 5.4120 GBP | ||||
32 17/19p ordinary | Sale | 48 | 5.3515 GBP | ||||
32 17/19p ordinary | Sale | 25 | 5.3420 GBP | ||||
32 17/19p ordinary | Sale | 19 | 5.4050 GBP | ||||
32 17/19p ordinary | Sale | 2 | 5.3983 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 Long | 37,126 | 5.3698 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 59,689 | 5.3377 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 305,240 | 5.3380 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 25,919 | 5.3388 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 52,664 | 5.3393 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 4,171 | 5.3421 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 235 | 5.3554 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 158,526 | 5.3564 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 12,945 | 5.3577 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 7,972 | 5.3584 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 164,354 | 5.3599 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 111,292 | 5.3602 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 13,893 | 5.3614 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 35,201 | 5.3621 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 1,832 | 5.3628 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 12,355 | 5.3629 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 212 | 5.3640 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 90,111 | 5.3644 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 2,317 | 5.3660 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 8,047 | 5.3663 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 44,832 | 5.3690 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 9,622 | 5.3694 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 1,170 | 5.3702 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 14,699 | 5.3712 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 96,506 | 5.3722 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 1,312 | 5.3725 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 10,602 | 5.3734 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 764 | 5.3735 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 832,582 | 5.3755 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 26,009 | 5.3817 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 13,114 | 5.3866 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 8,708 | 5.3876 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 103,119 | 5.3891 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 3,480 | 5.3923 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 86,368 | 5.3932 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 115,900 | 5.3935 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 91,099 | 5.3944 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 2 | 5.3980 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 35,715 | 5.4020 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 1,932 | 5.4186 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 441,022 | 5.3380 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 23,382 | 5.3382 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 112,653 | 5.3424 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 149,343 | 5.3622 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 53,660 | 5.3648 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 38,135 | 5.3660 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 17,676 | 5.3690 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 120,734 | 5.3698 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 13,011 | 5.3798 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 133 | 5.3800 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 5,023 | 5.3839 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 137 | 5.3854 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 165,585 | 5.3960 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 9,379 | 5.4040 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 648 | 5.4080 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 242 | 5.4141 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 121 | 5.4160 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 10,188 | 5.3961 GBP | |||
32 17/19p ordinary | CFD | Decreasing Short | 7,609 | 5.3376 GBP | |||
32 17/19p ordinary | CFD | Decreasing Short | 175,702 | 5.3380 GBP | |||
32 17/19p ordinary | CFD | Decreasing Short | 333 | 5.3460 GBP | |||
32 17/19p ordinary | CFD | Decreasing Short | 28,070 | 5.3470 GBP | |||
32 17/19p ordinary | CFD | Decreasing Short | 101,254 | 5.3514 GBP | |||
32 17/19p ordinary | CFD | Decreasing Short | 1,200 | 5.3556 GBP | |||
32 17/19p ordinary | CFD | Decreasing Short | 1,069 | 5.3599 GBP | |||
32 17/19p ordinary | CFD | Decreasing Short | 24,653 | 5.3676 GBP | |||
32 17/19p ordinary | CFD | Decreasing Short | 38,415 | 5.3869 GBP | |||
32 17/19p ordinary | CFD | Increasing Short | 24,213 | 5.3379 GBP | |||
32 17/19p ordinary | CFD | Increasing Short | 1,289 | 5.3444 GBP | |||
32 17/19p ordinary | CFD | Increasing Short | 400 | 5.3483 GBP | |||
32 17/19p ordinary | CFD | Increasing Short | 46,099 | 5.3520 GBP | |||
32 17/19p ordinary | CFD | Increasing Short | 4,526 | 5.3580 GBP | |||
32 17/19p ordinary | CFD | Increasing Short | 7,609 | 5.3663 GBP | |||
32 17/19p ordinary | CFD | Increasing Short | 2,798 | 5.4063 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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| per unit |
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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: | 05 Mar 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 | Call Options | Written | -120,820 | 5.3305 | European | 06 Jun 2025 | |
32 17/19p ordinary | Call Options | Written | -104,599 | 5.3176 | European | 05 Jun 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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Related Shares:
AvivaBarclays