19th Mar 2025 13:02
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: | 18 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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| 15,219,966 | 0.57% | 18,514,328 | 0.69% |
(2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 14,507,227 | 0.54% | 8,763,751 | 0.33% |
(3) | Stock-settled derivatives (including options) |
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| and agreements to purchase/sell: |
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| 0 | 0.00% | 225,364 | 0.01% |
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| TOTAL: |
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| 29,727,193 | 1.11% | 27,503,443 | 1.03% |
(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 | 499,970 | 5.6040 GBP | ||||
32 17/19p ordinary | Purchase | 230,759 | 5.5700 GBP | ||||
32 17/19p ordinary | Purchase | 180,177 | 5.5780 GBP | ||||
32 17/19p ordinary | Purchase | 173,519 | 5.5899 GBP | ||||
32 17/19p ordinary | Purchase | 160,243 | 5.5821 GBP | ||||
32 17/19p ordinary | Purchase | 157,319 | 5.6031 GBP | ||||
32 17/19p ordinary | Purchase | 113,555 | 5.5849 GBP | ||||
32 17/19p ordinary | Purchase | 109,731 | 5.6038 GBP | ||||
32 17/19p ordinary | Purchase | 89,628 | 5.5914 GBP | ||||
32 17/19p ordinary | Purchase | 77,318 | 5.5812 GBP | ||||
32 17/19p ordinary | Purchase | 63,563 | 5.5940 GBP | ||||
32 17/19p ordinary | Purchase | 54,635 | 5.5930 GBP | ||||
32 17/19p ordinary | Purchase | 37,549 | 5.5807 GBP | ||||
32 17/19p ordinary | Purchase | 36,901 | 5.5764 GBP | ||||
32 17/19p ordinary | Purchase | 34,075 | 5.5895 GBP | ||||
32 17/19p ordinary | Purchase | 31,371 | 5.5975 GBP | ||||
32 17/19p ordinary | Purchase | 28,388 | 5.5873 GBP | ||||
32 17/19p ordinary | Purchase | 24,875 | 5.5834 GBP | ||||
32 17/19p ordinary | Purchase | 22,284 | 5.5801 GBP | ||||
32 17/19p ordinary | Purchase | 12,211 | 5.5910 GBP | ||||
32 17/19p ordinary | Purchase | 8,061 | 5.5881 GBP | ||||
32 17/19p ordinary | Purchase | 7,618 | 5.5858 GBP | ||||
32 17/19p ordinary | Purchase | 3,934 | 5.6000 GBP | ||||
32 17/19p ordinary | Purchase | 3,897 | 5.5913 GBP | ||||
32 17/19p ordinary | Purchase | 3,848 | 5.5840 GBP | ||||
32 17/19p ordinary | Purchase | 3,828 | 5.5900 GBP | ||||
32 17/19p ordinary | Purchase | 3,639 | 5.5880 GBP | ||||
32 17/19p ordinary | Purchase | 3,549 | 5.5820 GBP | ||||
32 17/19p ordinary | Purchase | 3,096 | 5.5855 GBP | ||||
32 17/19p ordinary | Purchase | 2,348 | 5.5969 GBP | ||||
32 17/19p ordinary | Purchase | 2,302 | 5.5730 GBP | ||||
32 17/19p ordinary | Purchase | 2,000 | 5.5828 GBP | ||||
32 17/19p ordinary | Purchase | 1,916 | 5.5836 GBP | ||||
32 17/19p ordinary | Purchase | 1,764 | 5.5922 GBP | ||||
32 17/19p ordinary | Purchase | 1,752 | 5.6028 GBP | ||||
32 17/19p ordinary | Purchase | 1,611 | 5.5980 GBP | ||||
32 17/19p ordinary | Purchase | 1,497 | 5.5892 GBP | ||||
32 17/19p ordinary | Purchase | 1,485 | 5.5885 GBP | ||||
32 17/19p ordinary | Purchase | 1,038 | 5.5909 GBP | ||||
32 17/19p ordinary | Purchase | 974 | 5.5878 GBP | ||||
32 17/19p ordinary | Purchase | 862 | 5.5844 GBP | ||||
32 17/19p ordinary | Purchase | 818 | 5.6030 GBP | ||||
32 17/19p ordinary | Purchase | 810 | 5.5733 GBP | ||||
32 17/19p ordinary | Purchase | 713 | 5.5786 GBP | ||||
32 17/19p ordinary | Purchase | 605 | 5.6020 GBP | ||||
32 17/19p ordinary | Purchase | 555 | 5.6010 GBP | ||||
32 17/19p ordinary | Purchase | 455 | 5.5993 GBP | ||||
32 17/19p ordinary | Purchase | 245 | 5.5902 GBP | ||||
32 17/19p ordinary | Purchase | 177 | 5.5920 GBP | ||||
32 17/19p ordinary | Sale | 641,788 | 5.5829 GBP | ||||
32 17/19p ordinary | Sale | 343,657 | 5.5825 GBP | ||||
32 17/19p ordinary | Sale | 339,333 | 5.6014 GBP | ||||
32 17/19p ordinary | Sale | 327,812 | 5.5830 GBP | ||||
32 17/19p ordinary | Sale | 236,405 | 5.5885 GBP | ||||
32 17/19p ordinary | Sale | 194,248 | 5.6040 GBP | ||||
32 17/19p ordinary | Sale | 150,146 | 5.5902 GBP | ||||
32 17/19p ordinary | Sale | 121,596 | 5.5926 GBP | ||||
32 17/19p ordinary | Sale | 113,462 | 5.6037 GBP | ||||
32 17/19p ordinary | Sale | 104,251 | 5.5852 GBP | ||||
32 17/19p ordinary | Sale | 103,415 | 5.6026 GBP | ||||
32 17/19p ordinary | Sale | 96,630 | 5.5784 GBP | ||||
32 17/19p ordinary | Sale | 83,507 | 5.5827 GBP | ||||
32 17/19p ordinary | Sale | 79,614 | 5.5826 GBP | ||||
32 17/19p ordinary | Sale | 66,706 | 5.5832 GBP | ||||
32 17/19p ordinary | Sale | 35,915 | 5.5814 GBP | ||||
32 17/19p ordinary | Sale | 17,549 | 5.5916 GBP | ||||
32 17/19p ordinary | Sale | 14,467 | 5.5887 GBP | ||||
32 17/19p ordinary | Sale | 12,757 | 5.5878 GBP | ||||
32 17/19p ordinary | Sale | 11,245 | 5.5953 GBP | ||||
32 17/19p ordinary | Sale | 10,313 | 5.5725 GBP | ||||
32 17/19p ordinary | Sale | 10,242 | 5.5942 GBP | ||||
32 17/19p ordinary | Sale | 8,530 | 5.6036 GBP | ||||
32 17/19p ordinary | Sale | 7,799 | 5.5936 GBP | ||||
32 17/19p ordinary | Sale | 6,385 | 5.6000 GBP | ||||
32 17/19p ordinary | Sale | 5,819 | 5.5793 GBP | ||||
32 17/19p ordinary | Sale | 5,735 | 5.5820 GBP | ||||
32 17/19p ordinary | Sale | 5,613 | 5.6029 GBP | ||||
32 17/19p ordinary | Sale | 3,989 | 5.5932 GBP | ||||
32 17/19p ordinary | Sale | 3,788 | 5.5900 GBP | ||||
32 17/19p ordinary | Sale | 3,323 | 5.5773 GBP | ||||
32 17/19p ordinary | Sale | 3,137 | 5.6008 GBP | ||||
32 17/19p ordinary | Sale | 2,848 | 5.5745 GBP | ||||
32 17/19p ordinary | Sale | 2,302 | 5.5730 GBP | ||||
32 17/19p ordinary | Sale | 1,915 | 5.6020 GBP | ||||
32 17/19p ordinary | Sale | 1,789 | 5.5805 GBP | ||||
32 17/19p ordinary | Sale | 1,623 | 5.5785 GBP | ||||
32 17/19p ordinary | Sale | 1,549 | 5.5840 GBP | ||||
32 17/19p ordinary | Sale | 1,459 | 5.5940 GBP | ||||
32 17/19p ordinary | Sale | 1,069 | 5.5980 GBP | ||||
32 17/19p ordinary | Sale | 908 | 5.5813 GBP | ||||
32 17/19p ordinary | Sale | 866 | 5.5880 GBP | ||||
32 17/19p ordinary | Sale | 858 | 5.5756 GBP | ||||
32 17/19p ordinary | Sale | 790 | 5.5674 GBP | ||||
32 17/19p ordinary | Sale | 540 | 5.5834 GBP | ||||
32 17/19p ordinary | Sale | 315 | 5.5819 GBP | ||||
32 17/19p ordinary | Sale | 202 | 5.5699 GBP | ||||
32 17/19p ordinary | Sale | 192 | 5.5920 GBP | ||||
32 17/19p ordinary | Sale | 190 | 5.5780 GBP | ||||
32 17/19p ordinary | Sale | 175 | 5.5781 GBP | ||||
32 17/19p ordinary | Sale | 170 | 5.5960 GBP | ||||
32 17/19p ordinary | Sale | 93 | 5.5740 GBP | ||||
32 17/19p ordinary | Sale | 45 | 5.5720 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 | 37,927 | 5.5912 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 21,867 | 5.5913 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 790 | 5.5674 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 202 | 5.5699 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 858 | 5.5756 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 3,323 | 5.5773 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 5 | 5.5800 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 1,789 | 5.5805 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 908 | 5.5813 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 315 | 5.5819 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 325,760 | 5.5825 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 327,812 | 5.5830 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 47,168 | 5.5832 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 43,514 | 5.5849 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 104,251 | 5.5852 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 183 | 5.5859 GBP | |||
32 17/19p ordinary | SWAP | Opening Long | 25,070 | 5.5876 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 236,405 | 5.5885 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 109,573 | 5.5902 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 3,989 | 5.5932 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 110,145 | 5.5963 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 138 | 5.5965 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 273 | 5.5969 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 3,137 | 5.6008 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 103,415 | 5.6026 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 5,613 | 5.6029 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 78,614 | 5.6034 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 8,530 | 5.6036 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 113,462 | 5.6037 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 182,126 | 5.6040 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 229,758 | 5.5700 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 113 | 5.5731 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 36,901 | 5.5764 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 590 | 5.5780 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 37,549 | 5.5807 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 971 | 5.5808 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 77,318 | 5.5812 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 160,243 | 5.5821 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 1,916 | 5.5836 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 1,779 | 5.5837 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 28,388 | 5.5873 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 19,806 | 5.5876 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 8,061 | 5.5881 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 1,485 | 5.5885 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 34,075 | 5.5895 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 40,997 | 5.5906 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 18,605 | 5.5909 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 42,518 | 5.5912 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 14,700 | 5.5922 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 54,635 | 5.5930 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 570 | 5.5947 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 30,819 | 5.5975 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 6,113 | 5.5980 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 35,007 | 5.5982 GBP | |||
32 17/19p ordinary | SWAP | Opening Short | 157,319 | 5.6031 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 463,257 | 5.6040 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 107,771 | 5.6042 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 574 | 5.5733 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 13,500 | 5.6040 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 35,915 | 5.5814 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 734,533 | 5.5849 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 1,462 | 5.5974 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 3,006 | 5.6036 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 3,006 | 5.5783 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 581 | 5.5923 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: | 19 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 | -120,786 | 5.3305 | European | 06 Jun 2025 | |
32 17/19p ordinary | Call Options | Written | -104,578 | 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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