28th Apr 2025 14:37
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 | ||||||
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 | ||||||
offeror/offeree, state this and specify identity of | |||||||
offeror/offeree: | |||||||
(e) | Date position held/dealing undertaken: | 25 Apr 2025 | |||||
(f) | In addition to the company in 1(c) above, is the discloser making | YES: | |||||
disclosures in respect of any other party to the offer? | 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: | 11,127,966 | 0.42% | 16,432,245 | 0.61% | |||
(2) | Cash-settled derivatives: | ||||||
and/or controlled: | 15,702,065 | 0.59% | 9,824,564 | 0.37% | |||
(3) | Stock-settled derivatives (including options) | ||||||
and agreements to purchase/sell: | 0 | 0.00% | 225,366 | 0.01% | |||
TOTAL: | 26,830,031 | 1.00% | 26,482,175 | 0.99% | |||
(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 EXEMPT PRINCIPAL TRADER | ||||||
(a) | Purchases and sales | ||||||
Class of relevant | Purchase/sale | Number of | Price per unit | ||||
security | securities | ||||||
32 17/19p ordinary | Purchase | 100,000 | 5.3898 GBP | ||||
32 17/19p ordinary | Purchase | 95,832 | 5.4110 GBP | ||||
32 17/19p ordinary | Purchase | 78,107 | 5.4124 GBP | ||||
32 17/19p ordinary | Purchase | 60,078 | 5.4160 GBP | ||||
32 17/19p ordinary | Purchase | 50,823 | 5.4375 GBP | ||||
32 17/19p ordinary | Purchase | 45,864 | 5.4380 GBP | ||||
32 17/19p ordinary | Purchase | 43,583 | 5.4290 GBP | ||||
32 17/19p ordinary | Purchase | 28,124 | 5.4308 GBP | ||||
32 17/19p ordinary | Purchase | 27,440 | 5.4072 GBP | ||||
32 17/19p ordinary | Purchase | 24,329 | 5.4021 GBP | ||||
32 17/19p ordinary | Purchase | 24,063 | 5.4374 GBP | ||||
32 17/19p ordinary | Purchase | 19,854 | 5.4098 GBP | ||||
32 17/19p ordinary | Purchase | 13,866 | 5.4010 GBP | ||||
32 17/19p ordinary | Purchase | 13,050 | 5.4337 GBP | ||||
32 17/19p ordinary | Purchase | 12,564 | 5.4088 GBP | ||||
32 17/19p ordinary | Purchase | 11,590 | 5.4073 GBP | ||||
32 17/19p ordinary | Purchase | 6,381 | 5.4003 GBP | ||||
32 17/19p ordinary | Purchase | 6,301 | 5.4080 GBP | ||||
ADR | Purchase | 5,862 | 14.5778 USD | ||||
32 17/19p ordinary | Purchase | 4,646 | 5.4015 GBP | ||||
32 17/19p ordinary | Purchase | 4,518 | 5.3819 GBP | ||||
32 17/19p ordinary | Purchase | 3,724 | 5.3830 GBP | ||||
32 17/19p ordinary | Purchase | 3,620 | 5.4240 GBP | ||||
32 17/19p ordinary | Purchase | 3,357 | 5.3880 GBP | ||||
32 17/19p ordinary | Purchase | 3,305 | 5.4042 GBP | ||||
32 17/19p ordinary | Purchase | 3,232 | 5.4038 GBP | ||||
32 17/19p ordinary | Purchase | 2,296 | 5.4059 GBP | ||||
32 17/19p ordinary | Purchase | 2,190 | 5.4164 GBP | ||||
32 17/19p ordinary | Purchase | 1,574 | 5.4100 GBP | ||||
32 17/19p ordinary | Purchase | 1,498 | 5.4159 GBP | ||||
32 17/19p ordinary | Purchase | 1,382 | 5.3868 GBP | ||||
32 17/19p ordinary | Purchase | 1,328 | 5.3983 GBP | ||||
32 17/19p ordinary | Purchase | 1,179 | 5.4048 GBP | ||||
32 17/19p ordinary | Purchase | 1,108 | 5.4118 GBP | ||||
32 17/19p ordinary | Purchase | 1,044 | 5.4023 GBP | ||||
32 17/19p ordinary | Purchase | 907 | 5.4200 GBP | ||||
32 17/19p ordinary | Purchase | 835 | 5.4120 GBP | ||||
32 17/19p ordinary | Purchase | 781 | 5.3986 GBP | ||||
32 17/19p ordinary | Purchase | 600 | 5.4198 GBP | ||||
32 17/19p ordinary | Purchase | 511 | 5.4180 GBP | ||||
32 17/19p ordinary | Purchase | 399 | 5.3980 GBP | ||||
32 17/19p ordinary | Purchase | 306 | 5.3960 GBP | ||||
32 17/19p ordinary | Purchase | 280 | 5.4090 GBP | ||||
32 17/19p ordinary | Purchase | 262 | 5.4280 GBP | ||||
32 17/19p ordinary | Purchase | 223 | 5.3910 GBP | ||||
32 17/19p ordinary | Sale | 658,713 | 5.4362 GBP | ||||
32 17/19p ordinary | Sale | 103,644 | 5.4042 GBP | ||||
32 17/19p ordinary | Sale | 97,505 | 5.4379 GBP | ||||
32 17/19p ordinary | Sale | 77,668 | 5.4144 GBP | ||||
32 17/19p ordinary | Sale | 73,953 | 5.4217 GBP | ||||
32 17/19p ordinary | Sale | 72,231 | 5.4085 GBP | ||||
32 17/19p ordinary | Sale | 53,220 | 5.4376 GBP | ||||
32 17/19p ordinary | Sale | 51,044 | 5.3896 GBP | ||||
32 17/19p ordinary | Sale | 46,786 | 5.4171 GBP | ||||
32 17/19p ordinary | Sale | 45,986 | 5.4377 GBP | ||||
32 17/19p ordinary | Sale | 37,786 | 5.4132 GBP | ||||
32 17/19p ordinary | Sale | 37,780 | 5.4247 GBP | ||||
32 17/19p ordinary | Sale | 36,290 | 5.4072 GBP | ||||
32 17/19p ordinary | Sale | 21,231 | 5.4139 GBP | ||||
32 17/19p ordinary | Sale | 20,137 | 5.4130 GBP | ||||
32 17/19p ordinary | Sale | 18,530 | 5.4380 GBP | ||||
32 17/19p ordinary | Sale | 17,887 | 5.3980 GBP | ||||
32 17/19p ordinary | Sale | 17,684 | 5.4068 GBP | ||||
32 17/19p ordinary | Sale | 13,761 | 5.3902 GBP | ||||
32 17/19p ordinary | Sale | 13,598 | 5.3899 GBP | ||||
32 17/19p ordinary | Sale | 13,305 | 5.4155 GBP | ||||
32 17/19p ordinary | Sale | 11,036 | 5.4023 GBP | ||||
32 17/19p ordinary | Sale | 10,092 | 5.4193 GBP | ||||
32 17/19p ordinary | Sale | 9,809 | 5.3872 GBP | ||||
32 17/19p ordinary | Sale | 9,495 | 5.4369 GBP | ||||
32 17/19p ordinary | Sale | 7,751 | 5.3944 GBP | ||||
32 17/19p ordinary | Sale | 7,547 | 5.4120 GBP | ||||
32 17/19p ordinary | Sale | 7,401 | 5.4146 GBP | ||||
32 17/19p ordinary | Sale | 6,636 | 5.4007 GBP | ||||
ADR | Sale | 5,862 | 14.5778 USD | ||||
32 17/19p ordinary | Sale | 4,771 | 5.4128 GBP | ||||
32 17/19p ordinary | Sale | 4,620 | 5.4192 GBP | ||||
32 17/19p ordinary | Sale | 4,582 | 5.3992 GBP | ||||
32 17/19p ordinary | Sale | 4,207 | 5.4280 GBP | ||||
32 17/19p ordinary | Sale | 4,154 | 5.4029 GBP | ||||
32 17/19p ordinary | Sale | 4,122 | 5.3895 GBP | ||||
32 17/19p ordinary | Sale | 3,728 | 5.4126 GBP | ||||
32 17/19p ordinary | Sale | 2,959 | 5.4148 GBP | ||||
32 17/19p ordinary | Sale | 2,283 | 5.4162 GBP | ||||
32 17/19p ordinary | Sale | 2,050 | 5.4214 GBP | ||||
32 17/19p ordinary | Sale | 2,037 | 5.3880 GBP | ||||
32 17/19p ordinary | Sale | 1,752 | 5.3884 GBP | ||||
32 17/19p ordinary | Sale | 1,622 | 5.4176 GBP | ||||
32 17/19p ordinary | Sale | 1,350 | 5.4066 GBP | ||||
32 17/19p ordinary | Sale | 1,244 | 5.4045 GBP | ||||
32 17/19p ordinary | Sale | 1,076 | 5.4135 GBP | ||||
32 17/19p ordinary | Sale | 1,057 | 5.4100 GBP | ||||
32 17/19p ordinary | Sale | 982 | 5.4145 GBP | ||||
32 17/19p ordinary | Sale | 895 | 5.4018 GBP | ||||
32 17/19p ordinary | Sale | 843 | 5.4125 GBP | ||||
32 17/19p ordinary | Sale | 820 | 5.4140 GBP | ||||
32 17/19p ordinary | Sale | 621 | 5.4150 GBP | ||||
32 17/19p ordinary | Sale | 601 | 5.4200 GBP | ||||
32 17/19p ordinary | Sale | 552 | 5.3995 GBP | ||||
32 17/19p ordinary | Sale | 530 | 5.3915 GBP | ||||
32 17/19p ordinary | Sale | 280 | 5.4090 GBP | ||||
32 17/19p ordinary | Sale | 223 | 5.3910 GBP | ||||
32 17/19p ordinary | Sale | 128 | 5.4160 GBP | ||||
(b) | Cash-settled derivative transactions | ||||||
Class of | Product | Nature of dealing | Number of | Price per | |||
relevant | description | reference | unit | ||||
security | securities | ||||||
32 17/19p ordinary | SWAP | Decreasing Short | 649 | 5.3836 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 1,126 | 5.3866 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 1,752 | 5.3884 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 530 | 5.3915 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 17,488 | 5.3980 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 552 | 5.3995 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 11,036 | 5.4023 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 1,004 | 5.4031 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 103,644 | 5.4042 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 20,601 | 5.4061 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 36,290 | 5.4072 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 7,491 | 5.4091 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 8,400 | 5.4102 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 4,771 | 5.4128 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 20,137 | 5.4130 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 37,786 | 5.4132 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 1,076 | 5.4135 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 21,231 | 5.4139 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 80,239 | 5.4144 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 7,401 | 5.4146 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 2,959 | 5.4148 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 13,305 | 5.4155 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 26,304 | 5.4157 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 1,622 | 5.4176 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 4,620 | 5.4192 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 10,092 | 5.4193 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 17,911 | 5.4196 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 1 | 5.4200 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 2,050 | 5.4214 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 68,643 | 5.4277 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 9,495 | 5.4369 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 70,122 | 5.4371 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 53,220 | 5.4376 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 45,986 | 5.4377 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 97,505 | 5.4379 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 365,304 | 5.4380 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 4,518 | 5.3819 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 3,724 | 5.3830 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 6,381 | 5.4003 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 24,329 | 5.4021 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 2,336 | 5.4030 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 10,875 | 5.4037 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 3,244 | 5.4049 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 25,483 | 5.4071 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 93,364 | 5.4110 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 970 | 5.4120 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 59,772 | 5.4160 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 139 | 5.4180 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 20,555 | 5.4226 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 37,564 | 5.4333 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 13,050 | 5.4337 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 25,053 | 5.4380 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 40,346 | 5.4382 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 1,000 | 5.4054 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 20,900 | 5.4380 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 669 | 5.3816 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 8,023 | 5.4122 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 1,441 | 5.4142 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 12,044 | 5.4192 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 157,478 | 5.4375 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 3,497 | 5.4123 GBP | |||
(c) | Stock-settled derivative transactions (including options) | ||||||
(i) | Writing, selling, purchasing or varying | ||||||
Class | Product | Writing, | Number | Exercise | Type | Expiry | Option |
of | description | purchasing, | of | price | date | money | |
relevant | selling, | securities | per unit | paid/ | |||
security | varying etc | to which | received | ||||
option | per unit | ||||||
relates | |||||||
(ii) | Exercising | ||||||
Class of relevant | Product description | Exercising/ exercised against | Number of | Exercise price per | |||
security | securities | unit | |||||
(d) | Other dealings (including subscribing for new securities) | ||||||
Class of relevant | Nature of Dealings | Details | Price per unit (if | ||||
security | 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 exempt principal trader 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 | ||||||
Is a Supplemental Form 8 (Open Positions) attached? | YES | ||||||
Date of disclosure: | 28 Apr 2025 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||
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: | |||||||
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 | -120,784 | 5.3305 | European | 06-Jun-26 | |
32 17/19p ordinary | Call Options | Written | -104,582 | 5.3176 | European | 05-Jun-26 | |
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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