11th Mar 2025 13:30
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: | 10 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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| 21,513,151 | 0.80% | 15,438,791 | 0.58% |
(2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 11,528,283 | 0.43% | 14,872,389 | 0.56% |
(3) | Stock-settled derivatives (including options) |
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| and agreements to purchase/sell: |
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| 0 | 0.00% | 225,420 | 0.01% |
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| TOTAL: |
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| 33,041,434 | 1.23% | 30,536,600 | 1.14% |
(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 | 6,555,489 | 5.3760 GBP | ||||
32 17/19p ordinary | Purchase | 517,186 | 5.3504 GBP | ||||
32 17/19p ordinary | Purchase | 199,713 | 5.3520 GBP | ||||
32 17/19p ordinary | Purchase | 144,510 | 5.3731 GBP | ||||
32 17/19p ordinary | Purchase | 142,789 | 5.3584 GBP | ||||
32 17/19p ordinary | Purchase | 109,117 | 5.3572 GBP | ||||
32 17/19p ordinary | Purchase | 106,453 | 5.3506 GBP | ||||
32 17/19p ordinary | Purchase | 69,285 | 5.3500 GBP | ||||
32 17/19p ordinary | Purchase | 47,347 | 5.3719 GBP | ||||
32 17/19p ordinary | Purchase | 39,543 | 5.3659 GBP | ||||
32 17/19p ordinary | Purchase | 39,531 | 5.3733 GBP | ||||
32 17/19p ordinary | Purchase | 38,170 | 5.3710 GBP | ||||
32 17/19p ordinary | Purchase | 32,841 | 5.3596 GBP | ||||
32 17/19p ordinary | Purchase | 31,417 | 5.3635 GBP | ||||
32 17/19p ordinary | Purchase | 28,836 | 5.3575 GBP | ||||
32 17/19p ordinary | Purchase | 23,162 | 5.3684 GBP | ||||
32 17/19p ordinary | Purchase | 21,631 | 5.3508 GBP | ||||
32 17/19p ordinary | Purchase | 20,325 | 5.3681 GBP | ||||
32 17/19p ordinary | Purchase | 14,836 | 5.3620 GBP | ||||
32 17/19p ordinary | Purchase | 13,488 | 5.3772 GBP | ||||
32 17/19p ordinary | Purchase | 13,431 | 5.3519 GBP | ||||
32 17/19p ordinary | Purchase | 13,152 | 5.3678 GBP | ||||
32 17/19p ordinary | Purchase | 12,956 | 5.3712 GBP | ||||
32 17/19p ordinary | Purchase | 12,200 | 5.3599 GBP | ||||
32 17/19p ordinary | Purchase | 11,428 | 5.3534 GBP | ||||
32 17/19p ordinary | Purchase | 10,727 | 5.3656 GBP | ||||
32 17/19p ordinary | Purchase | 10,289 | 5.3631 GBP | ||||
32 17/19p ordinary | Purchase | 10,047 | 5.3720 GBP | ||||
32 17/19p ordinary | Purchase | 9,217 | 5.3740 GBP | ||||
32 17/19p ordinary | Purchase | 8,289 | 5.3700 GBP | ||||
32 17/19p ordinary | Purchase | 7,982 | 5.3682 GBP | ||||
32 17/19p ordinary | Purchase | 7,591 | 5.3746 GBP | ||||
32 17/19p ordinary | Purchase | 7,061 | 5.3637 GBP | ||||
32 17/19p ordinary | Purchase | 7,007 | 5.3717 GBP | ||||
32 17/19p ordinary | Purchase | 6,643 | 5.3553 GBP | ||||
32 17/19p ordinary | Purchase | 6,593 | 5.3706 GBP | ||||
32 17/19p ordinary | Purchase | 6,520 | 5.3664 GBP | ||||
32 17/19p ordinary | Purchase | 5,966 | 5.3523 GBP | ||||
32 17/19p ordinary | Purchase | 5,882 | 5.3612 GBP | ||||
32 17/19p ordinary | Purchase | 5,823 | 5.3589 GBP | ||||
32 17/19p ordinary | Purchase | 5,463 | 5.3642 GBP | ||||
32 17/19p ordinary | Purchase | 5,349 | 5.3550 GBP | ||||
32 17/19p ordinary | Purchase | 5,124 | 5.3617 GBP | ||||
32 17/19p ordinary | Purchase | 4,122 | 5.3667 GBP | ||||
32 17/19p ordinary | Purchase | 2,884 | 5.3634 GBP | ||||
32 17/19p ordinary | Purchase | 2,696 | 5.3586 GBP | ||||
32 17/19p ordinary | Purchase | 2,491 | 5.3716 GBP | ||||
32 17/19p ordinary | Purchase | 2,411 | 5.3711 GBP | ||||
32 17/19p ordinary | Purchase | 1,886 | 5.3750 GBP | ||||
32 17/19p ordinary | Purchase | 1,819 | 5.3723 GBP | ||||
32 17/19p ordinary | Purchase | 1,728 | 5.3714 GBP | ||||
32 17/19p ordinary | Purchase | 937 | 5.3548 GBP | ||||
32 17/19p ordinary | Purchase | 391 | 5.3507 GBP | ||||
32 17/19p ordinary | Purchase | 286 | 5.3570 GBP | ||||
32 17/19p ordinary | Purchase | 133 | 5.3541 GBP | ||||
32 17/19p ordinary | Sale | 587,557 | 5.3640 GBP | ||||
32 17/19p ordinary | Sale | 282,360 | 5.3639 GBP | ||||
32 17/19p ordinary | Sale | 271,926 | 5.3653 GBP | ||||
32 17/19p ordinary | Sale | 160,687 | 5.3500 GBP | ||||
32 17/19p ordinary | Sale | 144,926 | 5.3528 GBP | ||||
32 17/19p ordinary | Sale | 143,350 | 5.3758 GBP | ||||
32 17/19p ordinary | Sale | 143,350 | 5.3693 GBP | ||||
32 17/19p ordinary | Sale | 129,144 | 5.3633 GBP | ||||
32 17/19p ordinary | Sale | 107,110 | 5.3723 GBP | ||||
32 17/19p ordinary | Sale | 101,291 | 5.3489 GBP | ||||
32 17/19p ordinary | Sale | 100,000 | 5.3750 GBP | ||||
32 17/19p ordinary | Sale | 93,908 | 5.3497 GBP | ||||
32 17/19p ordinary | Sale | 92,507 | 5.3613 GBP | ||||
32 17/19p ordinary | Sale | 91,397 | 5.3628 GBP | ||||
32 17/19p ordinary | Sale | 76,677 | 5.3599 GBP | ||||
32 17/19p ordinary | Sale | 66,413 | 5.3499 GBP | ||||
32 17/19p ordinary | Sale | 57,499 | 5.3631 GBP | ||||
32 17/19p ordinary | Sale | 47,669 | 5.3510 GBP | ||||
32 17/19p ordinary | Sale | 41,730 | 5.3661 GBP | ||||
32 17/19p ordinary | Sale | 38,170 | 5.3710 GBP | ||||
32 17/19p ordinary | Sale | 35,483 | 5.3610 GBP | ||||
32 17/19p ordinary | Sale | 34,824 | 5.3686 GBP | ||||
32 17/19p ordinary | Sale | 33,525 | 5.3636 GBP | ||||
32 17/19p ordinary | Sale | 31,681 | 5.3626 GBP | ||||
32 17/19p ordinary | Sale | 28,060 | 5.3654 GBP | ||||
32 17/19p ordinary | Sale | 19,247 | 5.3720 GBP | ||||
32 17/19p ordinary | Sale | 10,324 | 5.3711 GBP | ||||
32 17/19p ordinary | Sale | 9,774 | 5.3612 GBP | ||||
32 17/19p ordinary | Sale | 9,217 | 5.3740 GBP | ||||
32 17/19p ordinary | Sale | 8,155 | 5.3676 GBP | ||||
32 17/19p ordinary | Sale | 7,779 | 5.3615 GBP | ||||
32 17/19p ordinary | Sale | 6,499 | 5.3616 GBP | ||||
32 17/19p ordinary | Sale | 5,578 | 5.3668 GBP | ||||
32 17/19p ordinary | Sale | 5,440 | 5.3700 GBP | ||||
32 17/19p ordinary | Sale | 5,158 | 5.3674 GBP | ||||
32 17/19p ordinary | Sale | 4,903 | 5.3680 GBP | ||||
32 17/19p ordinary | Sale | 4,808 | 5.3580 GBP | ||||
32 17/19p ordinary | Sale | 3,476 | 5.3713 GBP | ||||
32 17/19p ordinary | Sale | 2,623 | 5.3681 GBP | ||||
32 17/19p ordinary | Sale | 1,816 | 5.3622 GBP | ||||
32 17/19p ordinary | Sale | 1,564 | 5.3677 GBP | ||||
32 17/19p ordinary | Sale | 1,274 | 5.3690 GBP | ||||
32 17/19p ordinary | Sale | 1,100 | 5.3670 GBP | ||||
32 17/19p ordinary | Sale | 1,094 | 5.3617 GBP | ||||
32 17/19p ordinary | Sale | 836 | 5.3760 GBP | ||||
32 17/19p ordinary | Sale | 716 | 5.3643 GBP | ||||
32 17/19p ordinary | Sale | 638 | 5.3673 GBP | ||||
32 17/19p ordinary | Sale | 366 | 5.3600 GBP | ||||
32 17/19p ordinary | Sale | 280 | 5.3568 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 Short | 101,291 | 5.3489 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 93,908 | 5.3497 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 66,413 | 5.3499 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 120,930 | 5.3500 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 6,352 | 5.3577 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 4,808 | 5.3580 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 58,300 | 5.3591 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 16,308 | 5.3600 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 23,103 | 5.3613 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 7,779 | 5.3615 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 6,499 | 5.3616 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 15,849 | 5.3617 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 12,226 | 5.3618 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 60,205 | 5.3622 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 31,681 | 5.3626 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 775 | 5.3629 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 66,160 | 5.3633 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 6,151 | 5.3634 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 90,482 | 5.3635 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 378 | 5.3636 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 1,990 | 5.3638 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 282,360 | 5.3639 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 587,557 | 5.3640 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 716 | 5.3643 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 271,926 | 5.3653 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 5,578 | 5.3668 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 638 | 5.3673 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 2,623 | 5.3681 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 143,350 | 5.3693 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 1,925 | 5.3708 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 778 | 5.3740 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 143,350 | 5.3758 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 11,425 | 5.3500 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 99,016 | 5.3501 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 102,970 | 5.3502 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 363,826 | 5.3504 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 391 | 5.3507 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 21,631 | 5.3508 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 13,431 | 5.3519 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 5,966 | 5.3523 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 8,775 | 5.3532 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 11,428 | 5.3534 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 937 | 5.3548 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 5,349 | 5.3550 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 6,643 | 5.3553 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 1,199 | 5.3564 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 13,306 | 5.3570 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 109,117 | 5.3572 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 2,696 | 5.3586 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 5,823 | 5.3589 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 3,484 | 5.3597 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 5,882 | 5.3612 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 8,220 | 5.3619 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 9,794 | 5.3620 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 1,866 | 5.3622 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 16,783 | 5.3624 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 10,289 | 5.3631 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 31,417 | 5.3635 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 5,463 | 5.3642 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 9,193 | 5.3651 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 39,543 | 5.3659 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 6,520 | 5.3664 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 13,152 | 5.3678 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 7,982 | 5.3682 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 9,496 | 5.3684 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 6,593 | 5.3706 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 24,298 | 5.3719 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 1,819 | 5.3723 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 38,803 | 5.3733 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 7,591 | 5.3746 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 215,739 | 5.3760 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 13,488 | 5.3772 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 2,804 | 5.3496 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 3,302 | 5.3580 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 96,623 | 5.3678 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 2,804 | 5.3763 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 570 | 5.3823 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: | 11 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 | -120,823 | 5.3305 | European | 06 Jun 2025 | |
32 17/19p ordinary | Call Options | Written | -104,597 | 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:
AvivaBarclays