11th Feb 2025 15:26
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): |
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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: | 10 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: | 27,397,480 | 1.02% | 26,812,550 | 1.00% | |||
(2) Cash-settled derivatives: | 9,114,610 | 0.34% | 20,574,716 | 0.77% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 20,000 | 0.00% | 486,694 | 0.02% | |||
TOTAL: | 36,532,090 | 1.36% | 47,873,960 | 1.79% | |||
(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 | Sale | 745,144 | 5.0737 GBP | ||||
32 17/19p ordinary | Sale | 169,625 | 5.0720 GBP | ||||
32 17/19p ordinary | Sale | 111,566 | 5.0783 GBP | ||||
32 17/19p ordinary | Sale | 88,742 | 5.0810 GBP | ||||
32 17/19p ordinary | Sale | 84,805 | 5.0816 GBP | ||||
32 17/19p ordinary | Sale | 61,384 | 5.1340 GBP | ||||
32 17/19p ordinary | Sale | 47,300 | 5.1136 GBP | ||||
32 17/19p ordinary | Sale | 46,533 | 5.0769 GBP | ||||
32 17/19p ordinary | Sale | 44,759 | 5.0719 GBP | ||||
32 17/19p ordinary | Sale | 37,282 | 5.0937 GBP | ||||
32 17/19p ordinary | Sale | 35,998 | 5.0788 GBP | ||||
32 17/19p ordinary | Sale | 32,889 | 5.0862 GBP | ||||
32 17/19p ordinary | Sale | 29,759 | 5.0821 GBP | ||||
32 17/19p ordinary | Sale | 27,991 | 5.0780 GBP | ||||
32 17/19p ordinary | Sale | 26,421 | 5.0955 GBP | ||||
32 17/19p ordinary | Sale | 22,237 | 5.1197 GBP | ||||
32 17/19p ordinary | Sale | 21,147 | 5.1010 GBP | ||||
32 17/19p ordinary | Sale | 20,638 | 5.0797 GBP | ||||
32 17/19p ordinary | Sale | 20,260 | 5.0725 GBP | ||||
32 17/19p ordinary | Sale | 20,137 | 5.0796 GBP | ||||
32 17/19p ordinary | Sale | 17,989 | 5.0742 GBP | ||||
32 17/19p ordinary | Sale | 17,511 | 5.0704 GBP | ||||
32 17/19p ordinary | Sale | 16,538 | 5.1044 GBP | ||||
32 17/19p ordinary | Sale | 15,430 | 5.0731 GBP | ||||
32 17/19p ordinary | Sale | 15,256 | 5.0840 GBP | ||||
32 17/19p ordinary | Sale | 15,038 | 5.0833 GBP | ||||
32 17/19p ordinary | Sale | 11,714 | 5.0803 GBP | ||||
32 17/19p ordinary | Sale | 11,482 | 5.0740 GBP | ||||
32 17/19p ordinary | Sale | 9,863 | 5.0733 GBP | ||||
32 17/19p ordinary | Sale | 9,097 | 5.0863 GBP | ||||
32 17/19p ordinary | Sale | 8,257 | 5.0922 GBP | ||||
32 17/19p ordinary | Sale | 7,791 | 5.0713 GBP | ||||
32 17/19p ordinary | Sale | 7,737 | 5.0812 GBP | ||||
32 17/19p ordinary | Sale | 7,535 | 5.0825 GBP | ||||
32 17/19p ordinary | Sale | 6,593 | 5.0756 GBP | ||||
32 17/19p ordinary | Sale | 6,547 | 5.0700 GBP | ||||
32 17/19p ordinary | Sale | 6,058 | 5.0895 GBP | ||||
32 17/19p ordinary | Sale | 5,845 | 5.0927 GBP | ||||
32 17/19p ordinary | Sale | 5,774 | 5.0741 GBP | ||||
32 17/19p ordinary | Sale | 4,781 | 5.0856 GBP | ||||
32 17/19p ordinary | Sale | 4,200 | 5.1218 GBP | ||||
32 17/19p ordinary | Sale | 3,901 | 5.0705 GBP | ||||
32 17/19p ordinary | Sale | 3,445 | 5.0820 GBP | ||||
32 17/19p ordinary | Sale | 3,405 | 5.0800 GBP | ||||
32 17/19p ordinary | Sale | 3,274 | 5.0712 GBP | ||||
32 17/19p ordinary | Sale | 3,177 | 5.0721 GBP | ||||
32 17/19p ordinary | Sale | 3,090 | 5.1080 GBP | ||||
32 17/19p ordinary | Sale | 2,994 | 5.0715 GBP | ||||
32 17/19p ordinary | Sale | 2,926 | 5.0726 GBP | ||||
ADR | Sale | 2,900 | 12.7451 USD | ||||
32 17/19p ordinary | Sale | 2,692 | 5.0880 GBP | ||||
32 17/19p ordinary | Sale | 2,645 | 5.0978 GBP | ||||
32 17/19p ordinary | Sale | 2,584 | 5.0798 GBP | ||||
32 17/19p ordinary | Sale | 2,235 | 5.1316 GBP | ||||
32 17/19p ordinary | Sale | 2,109 | 5.0760 GBP | ||||
32 17/19p ordinary | Sale | 1,886 | 5.1187 GBP | ||||
32 17/19p ordinary | Sale | 1,825 | 5.0716 GBP | ||||
32 17/19p ordinary | Sale | 1,611 | 5.0710 GBP | ||||
ADR | Sale | 1,500 | 12.7700 USD | ||||
32 17/19p ordinary | Sale | 1,416 | 5.0766 GBP | ||||
32 17/19p ordinary | Sale | 1,392 | 5.1160 GBP | ||||
32 17/19p ordinary | Sale | 1,360 | 5.0779 GBP | ||||
32 17/19p ordinary | Sale | 1,137 | 5.0874 GBP | ||||
32 17/19p ordinary | Sale | 1,112 | 5.1140 GBP | ||||
32 17/19p ordinary | Sale | 943 | 5.0739 GBP | ||||
32 17/19p ordinary | Sale | 713 | 5.0867 GBP | ||||
32 17/19p ordinary | Sale | 634 | 5.1100 GBP | ||||
32 17/19p ordinary | Sale | 570 | 5.0947 GBP | ||||
32 17/19p ordinary | Sale | 508 | 5.1320 GBP | ||||
32 17/19p ordinary | Sale | 400 | 5.1280 GBP | ||||
32 17/19p ordinary | Sale | 322 | 5.1180 GBP | ||||
32 17/19p ordinary | Sale | 295 | 5.0717 GBP | ||||
32 17/19p ordinary | Sale | 266 | 5.0813 GBP | ||||
32 17/19p ordinary | Sale | 205 | 5.0787 GBP | ||||
32 17/19p ordinary | Sale | 67 | 5.0866 GBP | ||||
32 17/19p ordinary | Sale | 56 | 5.0785 GBP | ||||
32 17/19p ordinary | Sale | 42 | 5.1120 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: | 11 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 | ||||||
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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-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 | -120,793 | 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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