13th Feb 2025 14:21
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: | 12 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: | 30,537,593 | 1.14% | 27,379,507 | 1.02% | |||
(2) Cash-settled derivatives: | 9,925,542 | 0.37% | 23,685,424 | 0.88% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 20,000 | 0.00% | 486,679 | 0.02% | |||
TOTAL: | 40,483,135 | 1.51% | 51,551,610 | 1.93% | |||
(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 | 247,498 | 5.0176 GBP | ||||
32 17/19p ordinary | Purchase | 244,199 | 5.0150 GBP | ||||
32 17/19p ordinary | Purchase | 215,638 | 5.0259 GBP | ||||
32 17/19p ordinary | Purchase | 165,559 | 5.0320 GBP | ||||
32 17/19p ordinary | Purchase | 139,639 | 5.0175 GBP | ||||
32 17/19p ordinary | Purchase | 126,361 | 5.0503 GBP | ||||
32 17/19p ordinary | Purchase | 97,465 | 5.0316 GBP | ||||
32 17/19p ordinary | Purchase | 92,371 | 5.0180 GBP | ||||
32 17/19p ordinary | Purchase | 87,704 | 5.0215 GBP | ||||
32 17/19p ordinary | Purchase | 76,773 | 5.0181 GBP | ||||
32 17/19p ordinary | Purchase | 60,526 | 5.0253 GBP | ||||
32 17/19p ordinary | Purchase | 45,420 | 5.0123 GBP | ||||
32 17/19p ordinary | Purchase | 34,174 | 5.0323 GBP | ||||
32 17/19p ordinary | Purchase | 29,126 | 5.0179 GBP | ||||
32 17/19p ordinary | Purchase | 27,502 | 5.0217 GBP | ||||
32 17/19p ordinary | Purchase | 25,347 | 5.0108 GBP | ||||
32 17/19p ordinary | Purchase | 24,952 | 5.0187 GBP | ||||
32 17/19p ordinary | Purchase | 21,540 | 5.0250 GBP | ||||
32 17/19p ordinary | Purchase | 20,753 | 5.0406 GBP | ||||
32 17/19p ordinary | Purchase | 17,526 | 5.0142 GBP | ||||
32 17/19p ordinary | Purchase | 14,091 | 5.0228 GBP | ||||
32 17/19p ordinary | Purchase | 8,830 | 5.0273 GBP | ||||
32 17/19p ordinary | Purchase | 6,647 | 5.0129 GBP | ||||
32 17/19p ordinary | Purchase | 6,488 | 5.0218 GBP | ||||
32 17/19p ordinary | Purchase | 6,093 | 5.0225 GBP | ||||
32 17/19p ordinary | Purchase | 5,902 | 5.0299 GBP | ||||
32 17/19p ordinary | Purchase | 5,781 | 5.0266 GBP | ||||
32 17/19p ordinary | Purchase | 5,559 | 5.0185 GBP | ||||
32 17/19p ordinary | Purchase | 4,659 | 5.0230 GBP | ||||
32 17/19p ordinary | Purchase | 4,650 | 5.0198 GBP | ||||
32 17/19p ordinary | Purchase | 4,340 | 5.0160 GBP | ||||
32 17/19p ordinary | Purchase | 3,781 | 5.0120 GBP | ||||
32 17/19p ordinary | Purchase | 3,768 | 5.0128 GBP | ||||
32 17/19p ordinary | Purchase | 3,755 | 5.0133 GBP | ||||
32 17/19p ordinary | Purchase | 3,034 | 5.0440 GBP | ||||
32 17/19p ordinary | Purchase | 2,996 | 5.0220 GBP | ||||
32 17/19p ordinary | Purchase | 2,143 | 5.0040 GBP | ||||
32 17/19p ordinary | Purchase | 2,119 | 5.0264 GBP | ||||
32 17/19p ordinary | Purchase | 2,044 | 5.0140 GBP | ||||
32 17/19p ordinary | Purchase | 1,674 | 5.0200 GBP | ||||
32 17/19p ordinary | Purchase | 1,640 | 5.0096 GBP | ||||
32 17/19p ordinary | Purchase | 1,573 | 5.0141 GBP | ||||
32 17/19p ordinary | Purchase | 1,538 | 5.0206 GBP | ||||
32 17/19p ordinary | Purchase | 1,459 | 5.0260 GBP | ||||
32 17/19p ordinary | Purchase | 1,308 | 5.0080 GBP | ||||
32 17/19p ordinary | Purchase | 1,185 | 5.0110 GBP | ||||
32 17/19p ordinary | Purchase | 1,104 | 5.0480 GBP | ||||
ADR | Purchase | 1,028 | 12.6200 USD | ||||
32 17/19p ordinary | Purchase | 990 | 5.0240 GBP | ||||
32 17/19p ordinary | Purchase | 880 | 5.0400 GBP | ||||
32 17/19p ordinary | Purchase | 866 | 5.0151 GBP | ||||
32 17/19p ordinary | Purchase | 710 | 5.0132 GBP | ||||
32 17/19p ordinary | Purchase | 698 | 5.0238 GBP | ||||
32 17/19p ordinary | Purchase | 654 | 5.0060 GBP | ||||
32 17/19p ordinary | Purchase | 585 | 5.0267 GBP | ||||
32 17/19p ordinary | Purchase | 547 | 5.0000 GBP | ||||
32 17/19p ordinary | Purchase | 509 | 5.0100 GBP | ||||
ADR | Purchase | 400 | 12.6600 USD | ||||
32 17/19p ordinary | Purchase | 317 | 5.0202 GBP | ||||
32 17/19p ordinary | Purchase | 296 | 5.0154 GBP | ||||
32 17/19p ordinary | Purchase | 277 | 5.0219 GBP | ||||
32 17/19p ordinary | Purchase | 118 | 5.0258 GBP | ||||
32 17/19p ordinary | Sale | 3,981,000 | 5.0060 GBP | ||||
32 17/19p ordinary | Sale | 264,995 | 5.0319 GBP | ||||
32 17/19p ordinary | Sale | 218,340 | 5.0305 GBP | ||||
32 17/19p ordinary | Sale | 212,001 | 5.0298 GBP | ||||
32 17/19p ordinary | Sale | 100,000 | 5.0560 GBP | ||||
32 17/19p ordinary | Sale | 89,887 | 5.0313 GBP | ||||
32 17/19p ordinary | Sale | 75,109 | 5.0147 GBP | ||||
32 17/19p ordinary | Sale | 69,526 | 5.0320 GBP | ||||
32 17/19p ordinary | Sale | 53,227 | 5.0342 GBP | ||||
32 17/19p ordinary | Sale | 40,125 | 5.0282 GBP | ||||
32 17/19p ordinary | Sale | 24,535 | 5.0169 GBP | ||||
32 17/19p ordinary | Sale | 21,012 | 5.0383 GBP | ||||
32 17/19p ordinary | Sale | 20,000 | 5.0317 GBP | ||||
32 17/19p ordinary | Sale | 16,188 | 5.0277 GBP | ||||
32 17/19p ordinary | Sale | 14,264 | 5.0218 GBP | ||||
32 17/19p ordinary | Sale | 11,854 | 5.0463 GBP | ||||
32 17/19p ordinary | Sale | 10,281 | 5.0224 GBP | ||||
32 17/19p ordinary | Sale | 8,796 | 5.0558 GBP | ||||
32 17/19p ordinary | Sale | 7,957 | 5.0102 GBP | ||||
32 17/19p ordinary | Sale | 7,892 | 5.0262 GBP | ||||
32 17/19p ordinary | Sale | 7,763 | 5.0232 GBP | ||||
32 17/19p ordinary | Sale | 7,573 | 5.0248 GBP | ||||
32 17/19p ordinary | Sale | 6,361 | 5.0505 GBP | ||||
32 17/19p ordinary | Sale | 5,773 | 5.0308 GBP | ||||
32 17/19p ordinary | Sale | 5,432 | 5.0287 GBP | ||||
32 17/19p ordinary | Sale | 5,094 | 5.0225 GBP | ||||
32 17/19p ordinary | Sale | 4,646 | 5.0220 GBP | ||||
32 17/19p ordinary | Sale | 4,250 | 5.0279 GBP | ||||
32 17/19p ordinary | Sale | 4,083 | 5.0309 GBP | ||||
32 17/19p ordinary | Sale | 4,014 | 5.0495 GBP | ||||
32 17/19p ordinary | Sale | 3,992 | 5.0539 GBP | ||||
32 17/19p ordinary | Sale | 3,808 | 5.0230 GBP | ||||
32 17/19p ordinary | Sale | 3,781 | 5.0120 GBP | ||||
32 17/19p ordinary | Sale | 3,734 | 5.0097 GBP | ||||
32 17/19p ordinary | Sale | 3,710 | 5.0210 GBP | ||||
32 17/19p ordinary | Sale | 3,416 | 5.0265 GBP | ||||
32 17/19p ordinary | Sale | 2,532 | 5.0059 GBP | ||||
32 17/19p ordinary | Sale | 2,170 | 5.0200 GBP | ||||
32 17/19p ordinary | Sale | 2,143 | 5.0040 GBP | ||||
32 17/19p ordinary | Sale | 2,074 | 5.0228 GBP | ||||
32 17/19p ordinary | Sale | 2,044 | 5.0140 GBP | ||||
32 17/19p ordinary | Sale | 2,028 | 5.0559 GBP | ||||
32 17/19p ordinary | Sale | 1,649 | 5.0237 GBP | ||||
32 17/19p ordinary | Sale | 1,562 | 5.0281 GBP | ||||
32 17/19p ordinary | Sale | 1,538 | 5.0206 GBP | ||||
32 17/19p ordinary | Sale | 1,459 | 5.0260 GBP | ||||
32 17/19p ordinary | Sale | 1,391 | 5.0440 GBP | ||||
32 17/19p ordinary | Sale | 1,308 | 5.0080 GBP | ||||
32 17/19p ordinary | Sale | 1,104 | 5.0480 GBP | ||||
32 17/19p ordinary | Sale | 1,048 | 5.0400 GBP | ||||
ADR | Sale | 1,028 | 12.6200 USD | ||||
32 17/19p ordinary | Sale | 1,016 | 5.0100 GBP | ||||
32 17/19p ordinary | Sale | 1,000 | 5.0179 GBP | ||||
32 17/19p ordinary | Sale | 864 | 5.0208 GBP | ||||
32 17/19p ordinary | Sale | 853 | 5.0240 GBP | ||||
32 17/19p ordinary | Sale | 830 | 5.0346 GBP | ||||
32 17/19p ordinary | Sale | 587 | 5.0250 GBP | ||||
32 17/19p ordinary | Sale | 547 | 5.0000 GBP | ||||
ADR | Sale | 400 | 12.6600 USD | ||||
32 17/19p ordinary | Sale | 296 | 5.0160 GBP | ||||
32 17/19p ordinary | Sale | 12 | 5.0227 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 | Decreasing Short | 2,532 | 5.0059 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 1,090 | 5.0060 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 9,198 | 5.0179 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 9,473 | 5.0224 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 12 | 5.0227 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 587 | 5.0250 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 16,188 | 5.0277 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 4,250 | 5.0279 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 43,885 | 5.0284 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 22,032 | 5.0285 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 194,639 | 5.0302 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 4,083 | 5.0309 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 89,887 | 5.0313 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 172,376 | 5.0317 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 264,995 | 5.0319 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 45,679 | 5.0334 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 6,547 | 5.0381 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 21,012 | 5.0383 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 1,001 | 5.0419 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 6,361 | 5.0505 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 2,586 | 5.0060 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 25,347 | 5.0108 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 3,768 | 5.0128 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 6,647 | 5.0129 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 710 | 5.0132 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 4,024 | 5.0139 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 590 | 5.0140 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 2,576 | 5.0141 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 17,526 | 5.0142 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 244,199 | 5.0150 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 866 | 5.0151 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 69,963 | 5.0174 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 139,639 | 5.0175 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 247,498 | 5.0176 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 91,616 | 5.0180 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 76,773 | 5.0181 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 5,559 | 5.0185 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 24,952 | 5.0187 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 4,650 | 5.0198 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 317 | 5.0202 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 49,464 | 5.0213 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 27,502 | 5.0217 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 37,116 | 5.0236 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 60,526 | 5.0253 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 7,308 | 5.0262 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 2,119 | 5.0264 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 585 | 5.0267 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 8,194 | 5.0270 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 97,465 | 5.0316 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 239,750 | 5.0320 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 1,495 | 5.0322 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 34,174 | 5.0323 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 1,764 | 5.0329 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 1,258 | 5.0480 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 6,088 | 5.0240 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 22,993 | 5.0215 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 1,028 | 5.0236 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 65,048 | 5.0248 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 10,202 | 5.0522 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 2,309 | 5.0063 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 21,163 | 5.0122 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 592 | 5.0163 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 13,383 | 5.0171 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 400 | 5.0243 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 27,057 | 5.0266 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: | 13 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 | -241,312 | 4.4050 | European | 06-May-25 | |
32 17/19p ordinary | Call Options | Written | -120,787 | 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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