3rd Feb 2025 13:49
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): | |||||||
(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 | ||||||
offeror/offeree, state this and specify identity of | |||||||
offeror/offeree: | |||||||
(e) | Date position held/dealing undertaken: | 31 Jan 2025 | |||||
(f) | In addition to the company in 1(c) above, is the discloser making | YES: | |||||
disclosures in respect of any other party to the offer? | 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: | 21,761,220 | 0.81% | 20,251,912 | 0.76% | |||
(2) | Cash-settled derivatives: | ||||||
and/or controlled: | 3,131,936 | 0.12% | 15,998,248 | 0.60% | |||
(3) | Stock-settled derivatives (including options) | ||||||
and agreements to purchase/sell: | 20,000 | 0.00% | 486,686 | 0.02% | |||
TOTAL: | 24,913,156 | 0.93% | 36,736,846 | 1.37% | |||
(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 EXEMPT PRINCIPAL TRADER | ||||||
(a) | Purchases and sales | ||||||
Class of relevant | Purchase/sale | Number of | Price per unit | ||||
security | securities | ||||||
32 17/19p ordinary | Purchase | 290,830 | 5.1412 GBP | ||||
32 17/19p ordinary | Purchase | 235,679 | 5.1400 GBP | ||||
32 17/19p ordinary | Purchase | 111,133 | 5.1525 GBP | ||||
32 17/19p ordinary | Purchase | 109,345 | 5.1403 GBP | ||||
32 17/19p ordinary | Purchase | 58,555 | 5.1507 GBP | ||||
32 17/19p ordinary | Purchase | 56,079 | 5.1421 GBP | ||||
32 17/19p ordinary | Purchase | 52,510 | 5.1430 GBP | ||||
32 17/19p ordinary | Purchase | 47,948 | 5.1404 GBP | ||||
32 17/19p ordinary | Purchase | 30,026 | 5.1448 GBP | ||||
32 17/19p ordinary | Purchase | 19,403 | 5.1384 GBP | ||||
32 17/19p ordinary | Purchase | 14,298 | 5.1504 GBP | ||||
32 17/19p ordinary | Purchase | 10,663 | 5.1490 GBP | ||||
32 17/19p ordinary | Purchase | 6,848 | 5.1474 GBP | ||||
32 17/19p ordinary | Purchase | 6,483 | 5.1522 GBP | ||||
32 17/19p ordinary | Purchase | 6,352 | 5.1402 GBP | ||||
32 17/19p ordinary | Purchase | 4,742 | 5.1499 GBP | ||||
32 17/19p ordinary | Purchase | 2,758 | 5.1453 GBP | ||||
32 17/19p ordinary | Purchase | 1,688 | 5.1356 GBP | ||||
32 17/19p ordinary | Purchase | 1,684 | 5.1510 GBP | ||||
32 17/19p ordinary | Purchase | 1,463 | 5.1392 GBP | ||||
ADR | Purchase | 1,192 | 12.8600 USD | ||||
32 17/19p ordinary | Purchase | 508 | 5.1434 GBP | ||||
32 17/19p ordinary | Purchase | 313 | 5.1520 GBP | ||||
32 17/19p ordinary | Purchase | 172 | 5.1600 GBP | ||||
32 17/19p ordinary | Sale | 176,786 | 5.1400 GBP | ||||
32 17/19p ordinary | Sale | 172,533 | 5.1435 GBP | ||||
32 17/19p ordinary | Sale | 151,094 | 5.1388 GBP | ||||
32 17/19p ordinary | Sale | 88,638 | 5.1398 GBP | ||||
32 17/19p ordinary | Sale | 43,890 | 5.1401 GBP | ||||
32 17/19p ordinary | Sale | 29,434 | 5.1410 GBP | ||||
32 17/19p ordinary | Sale | 22,581 | 5.1517 GBP | ||||
32 17/19p ordinary | Sale | 19,782 | 5.1417 GBP | ||||
32 17/19p ordinary | Sale | 18,987 | 5.1513 GBP | ||||
32 17/19p ordinary | Sale | 12,407 | 5.1453 GBP | ||||
32 17/19p ordinary | Sale | 9,328 | 5.1471 GBP | ||||
32 17/19p ordinary | Sale | 7,077 | 5.1532 GBP | ||||
32 17/19p ordinary | Sale | 6,184 | 5.1379 GBP | ||||
32 17/19p ordinary | Sale | 5,808 | 5.1638 GBP | ||||
32 17/19p ordinary | Sale | 4,683 | 5.1533 GBP | ||||
32 17/19p ordinary | Sale | 4,638 | 5.1399 GBP | ||||
32 17/19p ordinary | Sale | 4,068 | 5.1543 GBP | ||||
32 17/19p ordinary | Sale | 3,589 | 5.1386 GBP | ||||
32 17/19p ordinary | Sale | 2,634 | 5.1538 GBP | ||||
32 17/19p ordinary | Sale | 1,931 | 5.1452 GBP | ||||
32 17/19p ordinary | Sale | 1,923 | 5.1447 GBP | ||||
32 17/19p ordinary | Sale | 1,797 | 5.1360 GBP | ||||
32 17/19p ordinary | Sale | 1,778 | 5.1522 GBP | ||||
32 17/19p ordinary | Sale | 1,515 | 5.1350 GBP | ||||
32 17/19p ordinary | Sale | 1,390 | 5.1357 GBP | ||||
32 17/19p ordinary | Sale | 1,367 | 5.1519 GBP | ||||
ADR | Sale | 1,192 | 12.8600 USD | ||||
32 17/19p ordinary | Sale | 1,169 | 5.1659 GBP | ||||
32 17/19p ordinary | Sale | 705 | 5.1500 GBP | ||||
32 17/19p ordinary | Sale | 693 | 5.1419 GBP | ||||
32 17/19p ordinary | Sale | 676 | 5.1660 GBP | ||||
32 17/19p ordinary | Sale | 510 | 5.1555 GBP | ||||
32 17/19p ordinary | Sale | 508 | 5.1440 GBP | ||||
32 17/19p ordinary | Sale | 485 | 5.1549 GBP | ||||
32 17/19p ordinary | Sale | 477 | 5.1640 GBP | ||||
32 17/19p ordinary | Sale | 432 | 5.1548 GBP | ||||
32 17/19p ordinary | Sale | 313 | 5.1520 GBP | ||||
32 17/19p ordinary | Sale | 287 | 5.1306 GBP | ||||
32 17/19p ordinary | Sale | 232 | 5.1319 GBP | ||||
32 17/19p ordinary | Sale | 172 | 5.1600 GBP | ||||
32 17/19p ordinary | Sale | 8 | 5.1575 GBP | ||||
(b) | Cash-settled derivative transactions | ||||||
Class of | Product | Nature of dealing | Number of | Price per | |||
relevant | description | reference | unit | ||||
security | securities | ||||||
32 17/19p ordinary | SWAP | Increasing Long | 36,462 | 5.1430 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 287 | 5.1306 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 654 | 5.1320 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 1,390 | 5.1357 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 3,589 | 5.1386 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 151,094 | 5.1388 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 4,462 | 5.1390 USD | |||
32 17/19p ordinary | SWAP | Decreasing Short | 88,638 | 5.1398 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 4,638 | 5.1399 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 192 | 5.1400 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 19,782 | 5.1417 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 16 | 5.1437 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 1,923 | 5.1447 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 1,931 | 5.1452 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 445 | 5.1456 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 1,309 | 5.1458 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 2,351 | 5.1459 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 3,566 | 5.1472 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 11 | 5.1499 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 628 | 5.1500 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 18,987 | 5.1513 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 22,581 | 5.1517 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 1,759 | 5.1528 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 432 | 5.1548 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 8 | 5.1574 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 10,869 | 5.1594 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 1,182 | 5.1600 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 5,808 | 5.1638 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 1,169 | 5.1659 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 27,630 | 5.1386 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 82,019 | 5.1400 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 154,433 | 5.1401 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 6,352 | 5.1402 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 109,345 | 5.1403 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 47,948 | 5.1404 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 56,079 | 5.1421 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 30,026 | 5.1448 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 23,526 | 5.1451 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 2,758 | 5.1453 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 17,551 | 5.1480 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 10,663 | 5.1490 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 7,718 | 5.1493 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 4,742 | 5.1499 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 58,555 | 5.1507 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 800 | 5.1511 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 6,782 | 5.1517 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 3,277 | 5.1618 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 6,109 | 5.1335 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 172,533 | 5.1435 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 645 | 5.1496 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 645 | 5.1403 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 111,133 | 5.1525 GBP | |||
(c) | Stock-settled derivative transactions (including options) | ||||||
(i) | Writing, selling, purchasing or varying | ||||||
Class | Product | Writing, | Number | Exercise | Type | Expiry | Option |
of | description | purchasing, | of | price | date | money | |
relevant | selling, | securities | per unit | paid/ | |||
security | varying etc | to which | received | ||||
option | per unit | ||||||
relates | |||||||
(ii) | Exercising | ||||||
Class of relevant | Product description | Exercising/ exercised against | Number of | Exercise price per | |||
security | securities | unit | |||||
(d) | Other dealings (including subscribing for new securities) | ||||||
Class of relevant | Nature of Dealings | Details | Price per unit (if | ||||
security | 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 exempt principal trader 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 | ||||||
Is a Supplemental Form 8 (Open Positions) attached? | YES | ||||||
Date of disclosure: | 03 Feb 2025 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||
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: | |||||||
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 | 456.4800 | American | 19-Dec-25 | |
32 17/19p ordinary | Call Options | Purchased | 10,000 | 557.9200 | American | 19-Dec-25 | |
32 17/19p ordinary | Call Options | Written | -241,315 | 4.4050 | European | 06-May-25 | |
32 17/19p ordinary | Call Options | Written | -120,793 | 5.3305 | European | 06-May-25 | |
32 17/19p ordinary | Call Options | Written | -104,578 | 5.3176 | European | 05-Jun-25 | |
32 17/19p ordinary | Call Options | Written | -10,000 | 557.9200 | American | 19-Dec-25 | |
32 17/19p ordinary | Put Options | Written | 10,000 | 456.4800 | 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: | |||||||