20th Feb 2025 10:42
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: | 19 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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| 31,340,360 | 1.17% | 27,384,988 | 1.02% |
(2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 10,002,183 | 0.37% | 24,111,502 | 0.90% |
(3) | Stock-settled derivatives (including options) |
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| and agreements to purchase/sell: |
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| 20,000 | 0.00% | 486,684 | 0.02% |
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| TOTAL: |
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| 41,362,543 | 1.54% | 51,983,174 | 1.94% |
(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 | 660,044 | 4.9652 GBP | ||||
32 17/19p ordinary | Purchase | 235,324 | 4.9610 GBP | ||||
32 17/19p ordinary | Purchase | 134,544 | 4.9804 GBP | ||||
32 17/19p ordinary | Purchase | 71,711 | 5.0161 GBP | ||||
32 17/19p ordinary | Purchase | 69,556 | 5.0047 GBP | ||||
32 17/19p ordinary | Purchase | 68,875 | 5.0007 GBP | ||||
32 17/19p ordinary | Purchase | 67,224 | 4.9642 GBP | ||||
32 17/19p ordinary | Purchase | 44,269 | 4.9950 GBP | ||||
32 17/19p ordinary | Purchase | 42,729 | 4.9939 GBP | ||||
32 17/19p ordinary | Purchase | 38,354 | 4.9994 GBP | ||||
32 17/19p ordinary | Purchase | 36,544 | 4.9747 GBP | ||||
32 17/19p ordinary | Purchase | 30,794 | 5.0252 GBP | ||||
32 17/19p ordinary | Purchase | 25,600 | 4.9911 GBP | ||||
32 17/19p ordinary | Purchase | 19,532 | 4.9820 GBP | ||||
32 17/19p ordinary | Purchase | 17,940 | 4.9730 GBP | ||||
32 17/19p ordinary | Purchase | 16,739 | 5.0043 GBP | ||||
32 17/19p ordinary | Purchase | 14,691 | 5.0271 GBP | ||||
32 17/19p ordinary | Purchase | 14,652 | 5.0070 GBP | ||||
32 17/19p ordinary | Purchase | 12,970 | 5.0560 GBP | ||||
32 17/19p ordinary | Purchase | 12,746 | 4.9789 GBP | ||||
32 17/19p ordinary | Purchase | 11,760 | 4.9680 GBP | ||||
32 17/19p ordinary | Purchase | 9,213 | 4.9667 GBP | ||||
32 17/19p ordinary | Purchase | 8,078 | 5.0048 GBP | ||||
32 17/19p ordinary | Purchase | 6,036 | 4.9611 GBP | ||||
32 17/19p ordinary | Purchase | 6,023 | 4.9775 GBP | ||||
32 17/19p ordinary | Purchase | 5,398 | 5.0079 GBP | ||||
32 17/19p ordinary | Purchase | 3,722 | 5.0334 GBP | ||||
32 17/19p ordinary | Purchase | 3,050 | 4.9903 GBP | ||||
32 17/19p ordinary | Purchase | 2,943 | 5.0080 GBP | ||||
32 17/19p ordinary | Purchase | 2,450 | 4.9700 GBP | ||||
32 17/19p ordinary | Purchase | 2,091 | 4.9630 GBP | ||||
32 17/19p ordinary | Purchase | 2,048 | 4.9650 GBP | ||||
32 17/19p ordinary | Purchase | 1,936 | 4.9805 GBP | ||||
32 17/19p ordinary | Purchase | 1,860 | 4.9885 GBP | ||||
32 17/19p ordinary | Purchase | 1,824 | 5.0178 GBP | ||||
32 17/19p ordinary | Purchase | 1,791 | 4.9660 GBP | ||||
32 17/19p ordinary | Purchase | 1,770 | 4.9937 GBP | ||||
32 17/19p ordinary | Purchase | 1,748 | 4.9800 GBP | ||||
32 17/19p ordinary | Purchase | 1,698 | 5.0602 GBP | ||||
32 17/19p ordinary | Purchase | 1,509 | 4.9613 GBP | ||||
32 17/19p ordinary | Purchase | 1,286 | 5.0497 GBP | ||||
32 17/19p ordinary | Purchase | 948 | 4.9690 GBP | ||||
32 17/19p ordinary | Purchase | 810 | 5.0420 GBP | ||||
32 17/19p ordinary | Purchase | 810 | 5.0418 GBP | ||||
32 17/19p ordinary | Purchase | 763 | 4.9619 GBP | ||||
32 17/19p ordinary | Purchase | 605 | 4.9740 GBP | ||||
32 17/19p ordinary | Purchase | 600 | 4.9850 GBP | ||||
32 17/19p ordinary | Purchase | 598 | 5.0340 GBP | ||||
32 17/19p ordinary | Purchase | 513 | 4.9595 GBP | ||||
32 17/19p ordinary | Purchase | 448 | 5.0220 GBP | ||||
32 17/19p ordinary | Purchase | 418 | 5.0460 GBP | ||||
32 17/19p ordinary | Purchase | 367 | 4.9670 GBP | ||||
32 17/19p ordinary | Purchase | 333 | 4.9890 GBP | ||||
32 17/19p ordinary | Purchase | 302 | 4.9770 GBP | ||||
32 17/19p ordinary | Purchase | 265 | 5.0240 GBP | ||||
32 17/19p ordinary | Purchase | 264 | 5.0451 GBP | ||||
32 17/19p ordinary | Purchase | 191 | 4.9760 GBP | ||||
32 17/19p ordinary | Purchase | 142 | 5.0600 GBP | ||||
32 17/19p ordinary | Purchase | 31 | 4.9790 GBP | ||||
32 17/19p ordinary | Purchase | 18 | 4.9710 GBP | ||||
32 17/19p ordinary | Purchase | 12 | 5.0480 GBP | ||||
32 17/19p ordinary | Sale | 286,700 | 5.0480 GBP | ||||
32 17/19p ordinary | Sale | 286,320 | 4.9609 GBP | ||||
32 17/19p ordinary | Sale | 255,618 | 4.9613 GBP | ||||
32 17/19p ordinary | Sale | 101,816 | 4.9610 GBP | ||||
32 17/19p ordinary | Sale | 88,411 | 4.9953 GBP | ||||
32 17/19p ordinary | Sale | 76,565 | 5.0082 GBP | ||||
32 17/19p ordinary | Sale | 71,675 | 4.9626 GBP | ||||
32 17/19p ordinary | Sale | 59,800 | 4.9730 GBP | ||||
32 17/19p ordinary | Sale | 37,266 | 4.9783 GBP | ||||
32 17/19p ordinary | Sale | 35,464 | 4.9690 GBP | ||||
32 17/19p ordinary | Sale | 29,120 | 4.9821 GBP | ||||
32 17/19p ordinary | Sale | 25,189 | 4.9655 GBP | ||||
32 17/19p ordinary | Sale | 25,000 | 4.9910 GBP | ||||
32 17/19p ordinary | Sale | 24,828 | 4.9675 GBP | ||||
32 17/19p ordinary | Sale | 22,536 | 4.9602 GBP | ||||
32 17/19p ordinary | Sale | 19,036 | 4.9845 GBP | ||||
32 17/19p ordinary | Sale | 17,258 | 4.9797 GBP | ||||
32 17/19p ordinary | Sale | 16,565 | 4.9664 GBP | ||||
32 17/19p ordinary | Sale | 16,472 | 4.9781 GBP | ||||
32 17/19p ordinary | Sale | 16,268 | 4.9868 GBP | ||||
32 17/19p ordinary | Sale | 14,125 | 4.9663 GBP | ||||
32 17/19p ordinary | Sale | 10,836 | 4.9658 GBP | ||||
32 17/19p ordinary | Sale | 10,750 | 4.9685 GBP | ||||
32 17/19p ordinary | Sale | 10,152 | 5.0023 GBP | ||||
32 17/19p ordinary | Sale | 6,802 | 5.0132 GBP | ||||
32 17/19p ordinary | Sale | 5,607 | 5.0192 GBP | ||||
32 17/19p ordinary | Sale | 4,436 | 4.9680 GBP | ||||
32 17/19p ordinary | Sale | 4,174 | 4.9855 GBP | ||||
32 17/19p ordinary | Sale | 4,148 | 5.0401 GBP | ||||
32 17/19p ordinary | Sale | 4,005 | 5.0200 GBP | ||||
32 17/19p ordinary | Sale | 3,757 | 4.9719 GBP | ||||
32 17/19p ordinary | Sale | 2,943 | 5.0080 GBP | ||||
32 17/19p ordinary | Sale | 2,603 | 4.9834 GBP | ||||
32 17/19p ordinary | Sale | 2,450 | 4.9700 GBP | ||||
32 17/19p ordinary | Sale | 2,293 | 4.9689 GBP | ||||
32 17/19p ordinary | Sale | 2,254 | 5.0174 GBP | ||||
32 17/19p ordinary | Sale | 2,048 | 4.9650 GBP | ||||
32 17/19p ordinary | Sale | 1,823 | 4.9800 GBP | ||||
32 17/19p ordinary | Sale | 1,791 | 4.9660 GBP | ||||
32 17/19p ordinary | Sale | 1,780 | 4.9870 GBP | ||||
32 17/19p ordinary | Sale | 1,569 | 4.9634 GBP | ||||
32 17/19p ordinary | Sale | 1,503 | 5.0499 GBP | ||||
32 17/19p ordinary | Sale | 1,496 | 4.9666 GBP | ||||
32 17/19p ordinary | Sale | 1,473 | 5.0400 GBP | ||||
32 17/19p ordinary | Sale | 1,306 | 5.0163 GBP | ||||
32 17/19p ordinary | Sale | 916 | 4.9770 GBP | ||||
32 17/19p ordinary | Sale | 810 | 5.0420 GBP | ||||
32 17/19p ordinary | Sale | 600 | 4.9850 GBP | ||||
32 17/19p ordinary | Sale | 537 | 4.9629 GBP | ||||
32 17/19p ordinary | Sale | 513 | 4.9600 GBP | ||||
32 17/19p ordinary | Sale | 419 | 5.0552 GBP | ||||
32 17/19p ordinary | Sale | 418 | 5.0460 GBP | ||||
32 17/19p ordinary | Sale | 395 | 5.0340 GBP | ||||
32 17/19p ordinary | Sale | 367 | 4.9670 GBP | ||||
32 17/19p ordinary | Sale | 333 | 4.9890 GBP | ||||
32 17/19p ordinary | Sale | 265 | 5.0240 GBP | ||||
32 17/19p ordinary | Sale | 191 | 4.9760 GBP | ||||
32 17/19p ordinary | Sale | 141 | 4.9785 GBP | ||||
32 17/19p ordinary | Sale | 95 | 4.9621 GBP | ||||
32 17/19p ordinary | Sale | 77 | 4.9776 GBP | ||||
32 17/19p ordinary | Sale | 36 | 4.9640 GBP | ||||
32 17/19p ordinary | Sale | 31 | 4.9790 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 | Increasing Long | 32,921 | 4.9790 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 22,536 | 4.9602 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 286,320 | 4.9609 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 85,089 | 4.9610 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 1,069 | 4.9620 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 71,675 | 4.9626 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 537 | 4.9630 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 2,237 | 4.9658 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 14,125 | 4.9663 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 853 | 4.9664 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 21,617 | 4.9679 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 10,219 | 4.9685 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 3,757 | 4.9719 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 1,977 | 4.9721 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 23,400 | 4.9764 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 77 | 4.9777 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 141 | 4.9785 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 17,258 | 4.9797 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 288 | 4.9999 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 7,421 | 5.0054 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 76,565 | 5.0082 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 4,005 | 5.0200 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 286,700 | 5.0480 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 513 | 5.0499 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 529 | 5.0600 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 351,066 | 4.9610 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 6,036 | 4.9611 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 79,398 | 4.9613 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 47,435 | 4.9618 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 763 | 4.9619 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 50,889 | 4.9662 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 1,462 | 4.9765 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 6,023 | 4.9775 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 134,544 | 4.9804 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 4,707 | 4.9879 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 1,860 | 4.9885 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 1,905 | 4.9886 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 36,748 | 4.9927 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 42,729 | 4.9939 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 4,009 | 4.9949 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 44,269 | 4.9950 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 44,062 | 4.9989 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 30,245 | 5.0006 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 69,556 | 5.0047 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 71,711 | 5.0161 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 22,839 | 5.0256 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 1,286 | 5.0497 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 12,970 | 5.0560 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 142 | 5.0600 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 1,698 | 5.0602 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 200 | 5.0449 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 6,936 | 4.9664 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 35,464 | 4.9690 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 392 | 5.0496 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 1,896 | 5.0596 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 1,896 | 4.9613 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 3,554 | 4.9640 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 58,034 | 5.0203 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 250 | 5.0607 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: | 20 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 | -241,318 | 4.4050 | European | 06 May 2025 | |
32 17/19p ordinary | Call Options | Written | -120,787 | 5.3305 | European | 06 Jun 2025 | |
32 17/19p ordinary | Call Options | Written | -104,579 | 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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