6th Mar 2025 15:03
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: | 05 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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| 21,740,472 | 0.81% | 21,532,343 | 0.80% |
(2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 11,469,553 | 0.43% | 15,006,171 | 0.56% |
(3) | Stock-settled derivatives (including options) |
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| and agreements to purchase/sell: |
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| 0 | 0.00% | 225,358 | 0.01% |
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| TOTAL: |
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| 33,210,025 | 1.24% | 36,763,872 | 1.37% |
(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 |
| securities |
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32 17/19p ordinary | Purchase | 422,466 | 5.4167 GBP | ||||
32 17/19p ordinary | Purchase | 274,003 | 5.4178 GBP | ||||
32 17/19p ordinary | Purchase | 217,293 | 5.4000 GBP | ||||
32 17/19p ordinary | Purchase | 205,052 | 5.4165 GBP | ||||
32 17/19p ordinary | Purchase | 188,674 | 5.3787 GBP | ||||
32 17/19p ordinary | Purchase | 135,537 | 5.4180 GBP | ||||
32 17/19p ordinary | Purchase | 135,212 | 5.4018 GBP | ||||
32 17/19p ordinary | Purchase | 133,804 | 5.3813 GBP | ||||
32 17/19p ordinary | Purchase | 109,476 | 5.4135 GBP | ||||
32 17/19p ordinary | Purchase | 96,182 | 5.3793 GBP | ||||
32 17/19p ordinary | Purchase | 77,156 | 5.3805 GBP | ||||
32 17/19p ordinary | Purchase | 73,760 | 5.3740 GBP | ||||
32 17/19p ordinary | Purchase | 71,538 | 5.4055 GBP | ||||
32 17/19p ordinary | Purchase | 54,078 | 5.4129 GBP | ||||
32 17/19p ordinary | Purchase | 52,327 | 5.4012 GBP | ||||
32 17/19p ordinary | Purchase | 41,967 | 5.4107 GBP | ||||
32 17/19p ordinary | Purchase | 34,276 | 5.4040 GBP | ||||
32 17/19p ordinary | Purchase | 28,868 | 5.4168 GBP | ||||
32 17/19p ordinary | Purchase | 24,864 | 5.3959 GBP | ||||
32 17/19p ordinary | Purchase | 24,139 | 5.4031 GBP | ||||
32 17/19p ordinary | Purchase | 21,911 | 5.4238 GBP | ||||
32 17/19p ordinary | Purchase | 21,258 | 5.3660 GBP | ||||
32 17/19p ordinary | Purchase | 18,094 | 5.4124 GBP | ||||
32 17/19p ordinary | Purchase | 16,617 | 5.3865 GBP | ||||
32 17/19p ordinary | Purchase | 15,206 | 5.3818 GBP | ||||
32 17/19p ordinary | Purchase | 11,592 | 5.4239 GBP | ||||
32 17/19p ordinary | Purchase | 9,042 | 5.4175 GBP | ||||
32 17/19p ordinary | Purchase | 8,930 | 5.4010 GBP | ||||
32 17/19p ordinary | Purchase | 8,428 | 5.4033 GBP | ||||
32 17/19p ordinary | Purchase | 8,060 | 5.4068 GBP | ||||
32 17/19p ordinary | Purchase | 6,230 | 5.4320 GBP | ||||
32 17/19p ordinary | Purchase | 5,822 | 5.4087 GBP | ||||
32 17/19p ordinary | Purchase | 5,536 | 5.4302 GBP | ||||
32 17/19p ordinary | Purchase | 4,440 | 5.4106 GBP | ||||
32 17/19p ordinary | Purchase | 3,473 | 5.3991 GBP | ||||
32 17/19p ordinary | Purchase | 3,304 | 5.4125 GBP | ||||
32 17/19p ordinary | Purchase | 2,780 | 5.3795 GBP | ||||
ADR | Purchase | 2,100 | 14.1500 USD | ||||
ADR | Purchase | 1,872 | 14.1165 USD | ||||
32 17/19p ordinary | Purchase | 1,798 | 5.4159 GBP | ||||
32 17/19p ordinary | Purchase | 1,685 | 5.4139 GBP | ||||
32 17/19p ordinary | Purchase | 1,547 | 5.4080 GBP | ||||
32 17/19p ordinary | Purchase | 1,206 | 5.4084 GBP | ||||
32 17/19p ordinary | Purchase | 1,178 | 5.4020 GBP | ||||
32 17/19p ordinary | Purchase | 996 | 5.4030 GBP | ||||
32 17/19p ordinary | Purchase | 732 | 5.3719 GBP | ||||
32 17/19p ordinary | Purchase | 646 | 5.4102 GBP | ||||
32 17/19p ordinary | Purchase | 603 | 5.4060 GBP | ||||
32 17/19p ordinary | Purchase | 578 | 5.4300 GBP | ||||
32 17/19p ordinary | Purchase | 534 | 5.3980 GBP | ||||
32 17/19p ordinary | Purchase | 521 | 5.3960 GBP | ||||
32 17/19p ordinary | Purchase | 508 | 5.4220 GBP | ||||
32 17/19p ordinary | Purchase | 452 | 5.4280 GBP | ||||
32 17/19p ordinary | Purchase | 354 | 5.4172 GBP | ||||
32 17/19p ordinary | Purchase | 301 | 5.4160 GBP | ||||
32 17/19p ordinary | Purchase | 281 | 5.4240 GBP | ||||
32 17/19p ordinary | Purchase | 275 | 5.4100 GBP | ||||
32 17/19p ordinary | Purchase | 255 | 5.4197 GBP | ||||
32 17/19p ordinary | Purchase | 87 | 5.4314 GBP | ||||
32 17/19p ordinary | Purchase | 45 | 5.4140 GBP | ||||
32 17/19p ordinary | Sale | 554,249 | 5.4142 GBP | ||||
32 17/19p ordinary | Sale | 516,413 | 5.4180 GBP | ||||
32 17/19p ordinary | Sale | 449,792 | 5.4167 GBP | ||||
32 17/19p ordinary | Sale | 415,720 | 5.3872 GBP | ||||
32 17/19p ordinary | Sale | 329,453 | 5.4035 GBP | ||||
32 17/19p ordinary | Sale | 223,314 | 5.3996 GBP | ||||
32 17/19p ordinary | Sale | 174,386 | 5.4176 GBP | ||||
32 17/19p ordinary | Sale | 143,225 | 5.4192 GBP | ||||
32 17/19p ordinary | Sale | 122,766 | 5.3862 GBP | ||||
32 17/19p ordinary | Sale | 109,573 | 5.4086 GBP | ||||
32 17/19p ordinary | Sale | 74,505 | 5.3813 GBP | ||||
32 17/19p ordinary | Sale | 74,281 | 5.4135 GBP | ||||
32 17/19p ordinary | Sale | 66,802 | 5.4157 GBP | ||||
32 17/19p ordinary | Sale | 61,766 | 5.4203 GBP | ||||
32 17/19p ordinary | Sale | 50,393 | 5.3889 GBP | ||||
32 17/19p ordinary | Sale | 48,944 | 5.4235 GBP | ||||
32 17/19p ordinary | Sale | 48,185 | 5.3794 GBP | ||||
32 17/19p ordinary | Sale | 46,968 | 5.4189 GBP | ||||
32 17/19p ordinary | Sale | 39,455 | 5.4177 GBP | ||||
32 17/19p ordinary | Sale | 36,880 | 5.3740 GBP | ||||
32 17/19p ordinary | Sale | 32,306 | 5.3876 GBP | ||||
32 17/19p ordinary | Sale | 28,344 | 5.4033 GBP | ||||
32 17/19p ordinary | Sale | 15,932 | 5.4165 GBP | ||||
32 17/19p ordinary | Sale | 11,299 | 5.4144 GBP | ||||
32 17/19p ordinary | Sale | 10,989 | 5.4257 GBP | ||||
32 17/19p ordinary | Sale | 10,629 | 5.3660 GBP | ||||
32 17/19p ordinary | Sale | 9,100 | 5.4234 GBP | ||||
32 17/19p ordinary | Sale | 8,984 | 5.4029 GBP | ||||
32 17/19p ordinary | Sale | 8,601 | 5.3895 GBP | ||||
32 17/19p ordinary | Sale | 8,292 | 5.4320 GBP | ||||
32 17/19p ordinary | Sale | 7,151 | 5.4210 GBP | ||||
32 17/19p ordinary | Sale | 5,272 | 5.4009 GBP | ||||
32 17/19p ordinary | Sale | 5,236 | 5.4127 GBP | ||||
32 17/19p ordinary | Sale | 4,633 | 5.4101 GBP | ||||
32 17/19p ordinary | Sale | 4,030 | 5.4068 GBP | ||||
32 17/19p ordinary | Sale | 3,091 | 5.4270 GBP | ||||
32 17/19p ordinary | Sale | 2,861 | 5.3970 GBP | ||||
32 17/19p ordinary | Sale | 2,826 | 5.4233 GBP | ||||
32 17/19p ordinary | Sale | 2,740 | 5.3967 GBP | ||||
32 17/19p ordinary | Sale | 2,325 | 5.4129 GBP | ||||
32 17/19p ordinary | Sale | 2,272 | 5.4147 GBP | ||||
ADR | Sale | 2,100 | 14.1500 USD | ||||
ADR | Sale | 1,872 | 14.1165 USD | ||||
32 17/19p ordinary | Sale | 1,401 | 5.4220 GBP | ||||
32 17/19p ordinary | Sale | 1,206 | 5.4060 GBP | ||||
32 17/19p ordinary | Sale | 1,044 | 5.4000 GBP | ||||
32 17/19p ordinary | Sale | 1,042 | 5.3960 GBP | ||||
32 17/19p ordinary | Sale | 1,000 | 5.4080 GBP | ||||
32 17/19p ordinary | Sale | 1,000 | 5.4020 GBP | ||||
32 17/19p ordinary | Sale | 990 | 5.4282 GBP | ||||
32 17/19p ordinary | Sale | 710 | 5.4010 GBP | ||||
32 17/19p ordinary | Sale | 200 | 5.4280 GBP | ||||
32 17/19p ordinary | Sale | 113 | 5.4160 GBP | ||||
32 17/19p ordinary | Sale | 48 | 5.4190 GBP | ||||
32 17/19p ordinary | Sale | 45 | 5.4140 GBP | ||||
32 17/19p ordinary | Sale | 28 | 5.4100 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 | 40,329 | 5.4136 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 10,926 | 5.3945 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 56,097 | 5.3964 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 2,861 | 5.3970 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 223,314 | 5.3996 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 8,984 | 5.4029 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 32,586 | 5.4031 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 16,781 | 5.4034 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 329,453 | 5.4035 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 744 | 5.4104 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 128 | 5.4106 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 1,567 | 5.4113 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 2,272 | 5.4147 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 15,932 | 5.4165 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 27,326 | 5.4167 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 174,386 | 5.4176 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 39,455 | 5.4177 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 263 | 5.4179 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 109,435 | 5.4180 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 46,968 | 5.4189 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 143,225 | 5.4192 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 61,766 | 5.4203 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 7,151 | 5.4210 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 37,227 | 5.4214 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 1,401 | 5.4220 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 25,029 | 5.4234 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 48,944 | 5.4235 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 1 | 5.3560 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 1,285 | 5.3713 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 24,864 | 5.3959 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 66,801 | 5.3986 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 11,673 | 5.3996 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 214,411 | 5.4000 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 52,327 | 5.4012 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 942 | 5.4016 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 2,783 | 5.4020 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 13,315 | 5.4034 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 34,276 | 5.4040 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 55,096 | 5.4053 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 71,538 | 5.4055 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 17,975 | 5.4080 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 5,822 | 5.4087 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 354 | 5.4172 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 190,300 | 5.4177 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 3,341 | 5.4180 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 31,878 | 5.4182 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 255 | 5.4197 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 281 | 5.4240 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 2,981 | 5.3957 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 7,900 | 5.4180 GBP | |||
32 17/19p ordinary | CFD | Decreasing Short | 4,350 | 5.4073 GBP | |||
32 17/19p ordinary | CFD | Decreasing Short | 422,466 | 5.4167 GBP | |||
32 17/19p ordinary | CFD | Decreasing Short | 5,380 | 5.4176 GBP | |||
32 17/19p ordinary | CFD | Opening Long | 56,574 | 5.4179 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 5,005 | 5.4220 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 2,062 | 5.4318 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 4,180 | 5.3563 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 2,076 | 5.4108 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 651 | 5.4180 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 2,839 | 5.4220 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 5,144 | 5.4223 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 1,900 | 5.4235 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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(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: | 06 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 | -120,787 | 5.3305 | European | 06 Jun 2025
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32 17/19p ordinary | Call Options | Written | -104,571 | 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:
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