27th Jan 2025 17:29
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: | 23 Jan 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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| 20,648,031 | 0.77% | 21,099,438 | 0.79% |
(2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 2,960,619 | 0.11% | 15,035,689 | 0.56% |
(3) | Stock-settled derivatives (including options) |
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| and agreements to purchase/sell: |
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| 0 | 0.00% | 466,687 | 0.02% |
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| TOTAL: |
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| 23,608,650 | 0.88% | 36,601,814 | 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 |
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32 17/19p ordinary | Purchase | 362,480 | 5.1200 GBP | ||||
32 17/19p ordinary | Purchase | 231,966 | 5.1177 GBP | ||||
32 17/19p ordinary | Purchase | 182,393 | 5.1102 GBP | ||||
32 17/19p ordinary | Purchase | 111,788 | 5.1193 GBP | ||||
32 17/19p ordinary | Purchase | 89,041 | 5.1133 GBP | ||||
32 17/19p ordinary | Purchase | 60,360 | 5.1147 GBP | ||||
32 17/19p ordinary | Purchase | 56,135 | 5.1125 GBP | ||||
32 17/19p ordinary | Purchase | 50,950 | 5.1155 GBP | ||||
32 17/19p ordinary | Purchase | 41,700 | 5.1070 GBP | ||||
32 17/19p ordinary | Purchase | 39,659 | 5.1342 GBP | ||||
32 17/19p ordinary | Purchase | 24,372 | 5.1135 GBP | ||||
32 17/19p ordinary | Purchase | 23,802 | 5.1240 GBP | ||||
32 17/19p ordinary | Purchase | 15,068 | 5.1086 GBP | ||||
32 17/19p ordinary | Purchase | 11,664 | 5.1213 GBP | ||||
32 17/19p ordinary | Purchase | 11,436 | 5.1101 GBP | ||||
32 17/19p ordinary | Purchase | 10,461 | 5.1185 GBP | ||||
32 17/19p ordinary | Purchase | 9,886 | 5.1180 GBP | ||||
32 17/19p ordinary | Purchase | 9,820 | 5.1174 GBP | ||||
32 17/19p ordinary | Purchase | 7,970 | 5.1210 GBP | ||||
32 17/19p ordinary | Purchase | 7,532 | 5.1179 GBP | ||||
32 17/19p ordinary | Purchase | 6,999 | 5.1220 GBP | ||||
32 17/19p ordinary | Purchase | 6,417 | 5.1260 GBP | ||||
32 17/19p ordinary | Purchase | 5,669 | 5.1020 GBP | ||||
32 17/19p ordinary | Purchase | 5,255 | 5.1178 GBP | ||||
32 17/19p ordinary | Purchase | 5,100 | 5.1123 GBP | ||||
32 17/19p ordinary | Purchase | 4,780 | 5.1000 GBP | ||||
32 17/19p ordinary | Purchase | 4,472 | 5.1160 GBP | ||||
32 17/19p ordinary | Purchase | 4,430 | 5.1007 GBP | ||||
32 17/19p ordinary | Purchase | 4,377 | 5.1060 GBP | ||||
32 17/19p ordinary | Purchase | 4,090 | 5.1188 GBP | ||||
32 17/19p ordinary | Purchase | 3,996 | 5.1120 GBP | ||||
32 17/19p ordinary | Purchase | 3,947 | 5.1100 GBP | ||||
32 17/19p ordinary | Purchase | 3,782 | 5.0960 GBP | ||||
32 17/19p ordinary | Purchase | 3,766 | 5.1189 GBP | ||||
32 17/19p ordinary | Purchase | 3,612 | 5.1040 GBP | ||||
32 17/19p ordinary | Purchase | 3,182 | 5.1083 GBP | ||||
32 17/19p ordinary | Purchase | 3,036 | 5.1170 GBP | ||||
32 17/19p ordinary | Purchase | 2,925 | 5.1080 GBP | ||||
ADR | Purchase | 2,894 | 12.8039 USD | ||||
32 17/19p ordinary | Purchase | 2,520 | 5.1140 GBP | ||||
32 17/19p ordinary | Purchase | 2,476 | 5.1117 GBP | ||||
32 17/19p ordinary | Purchase | 1,892 | 5.0980 GBP | ||||
32 17/19p ordinary | Purchase | 1,872 | 5.1300 GBP | ||||
32 17/19p ordinary | Purchase | 1,773 | 5.1152 GBP | ||||
ADR | Purchase | 1,200 | 12.7300 USD | ||||
32 17/19p ordinary | Purchase | 845 | 5.0983 GBP | ||||
32 17/19p ordinary | Purchase | 12 | 5.1150 GBP | ||||
32 17/19p ordinary | Sale | 269,780 | 5.1149 GBP | ||||
32 17/19p ordinary | Sale | 199,850 | 5.1200 GBP | ||||
32 17/19p ordinary | Sale | 108,488 | 5.1176 GBP | ||||
32 17/19p ordinary | Sale | 95,403 | 5.1197 GBP | ||||
32 17/19p ordinary | Sale | 86,436 | 5.1174 GBP | ||||
32 17/19p ordinary | Sale | 82,944 | 5.1118 GBP | ||||
32 17/19p ordinary | Sale | 78,059 | 5.1187 GBP | ||||
32 17/19p ordinary | Sale | 62,338 | 5.1127 GBP | ||||
32 17/19p ordinary | Sale | 55,385 | 5.1117 GBP | ||||
32 17/19p ordinary | Sale | 46,030 | 5.1314 GBP | ||||
32 17/19p ordinary | Sale | 43,044 | 5.1158 GBP | ||||
32 17/19p ordinary | Sale | 24,566 | 5.1203 GBP | ||||
32 17/19p ordinary | Sale | 24,052 | 5.1146 GBP | ||||
32 17/19p ordinary | Sale | 23,804 | 5.1171 GBP | ||||
32 17/19p ordinary | Sale | 23,608 | 5.1240 GBP | ||||
32 17/19p ordinary | Sale | 13,797 | 5.1179 GBP | ||||
32 17/19p ordinary | Sale | 13,704 | 5.1266 GBP | ||||
32 17/19p ordinary | Sale | 12,721 | 5.1072 GBP | ||||
32 17/19p ordinary | Sale | 11,265 | 5.1199 GBP | ||||
32 17/19p ordinary | Sale | 9,886 | 5.1180 GBP | ||||
32 17/19p ordinary | Sale | 9,722 | 5.1100 GBP | ||||
32 17/19p ordinary | Sale | 9,594 | 5.1191 GBP | ||||
32 17/19p ordinary | Sale | 9,273 | 5.1119 GBP | ||||
32 17/19p ordinary | Sale | 8,063 | 5.1172 GBP | ||||
32 17/19p ordinary | Sale | 8,007 | 5.1156 GBP | ||||
32 17/19p ordinary | Sale | 7,485 | 5.1220 GBP | ||||
32 17/19p ordinary | Sale | 7,393 | 5.1134 GBP | ||||
32 17/19p ordinary | Sale | 7,329 | 5.1136 GBP | ||||
32 17/19p ordinary | Sale | 6,811 | 5.1090 GBP | ||||
32 17/19p ordinary | Sale | 5,900 | 5.1267 GBP | ||||
32 17/19p ordinary | Sale | 5,777 | 5.1074 GBP | ||||
32 17/19p ordinary | Sale | 5,767 | 5.1093 GBP | ||||
32 17/19p ordinary | Sale | 5,669 | 5.1020 GBP | ||||
32 17/19p ordinary | Sale | 4,947 | 5.1260 GBP | ||||
32 17/19p ordinary | Sale | 4,656 | 5.1060 GBP | ||||
32 17/19p ordinary | Sale | 4,472 | 5.1160 GBP | ||||
32 17/19p ordinary | Sale | 3,996 | 5.1120 GBP | ||||
32 17/19p ordinary | Sale | 3,783 | 5.1189 GBP | ||||
32 17/19p ordinary | Sale | 3,782 | 5.0960 GBP | ||||
32 17/19p ordinary | Sale | 3,780 | 5.1000 GBP | ||||
32 17/19p ordinary | Sale | 3,497 | 5.1129 GBP | ||||
32 17/19p ordinary | Sale | 3,168 | 5.1040 GBP | ||||
32 17/19p ordinary | Sale | 2,992 | 5.1147 GBP | ||||
32 17/19p ordinary | Sale | 2,956 | 5.1143 GBP | ||||
ADR | Sale | 2,894 | 12.8039 USD | ||||
32 17/19p ordinary | Sale | 2,812 | 5.1107 GBP | ||||
32 17/19p ordinary | Sale | 2,611 | 5.1051 GBP | ||||
32 17/19p ordinary | Sale | 2,554 | 5.1115 GBP | ||||
32 17/19p ordinary | Sale | 2,385 | 5.1080 GBP | ||||
32 17/19p ordinary | Sale | 2,009 | 5.1140 GBP | ||||
32 17/19p ordinary | Sale | 1,892 | 5.0980 GBP | ||||
32 17/19p ordinary | Sale | 1,872 | 5.1300 GBP | ||||
32 17/19p ordinary | Sale | 1,773 | 5.1152 GBP | ||||
32 17/19p ordinary | Sale | 1,708 | 5.1150 GBP | ||||
32 17/19p ordinary | Sale | 1,643 | 5.1144 GBP | ||||
32 17/19p ordinary | Sale | 1,544 | 5.0963 GBP | ||||
32 17/19p ordinary | Sale | 1,250 | 5.1148 GBP | ||||
ADR | Sale | 1,200 | 12.7300 USD | ||||
32 17/19p ordinary | Sale | 777 | 5.1166 GBP | ||||
32 17/19p ordinary | Sale | 747 | 5.1159 GBP | ||||
32 17/19p ordinary | Sale | 497 | 5.0930 GBP | ||||
32 17/19p ordinary | Sale | 442 | 5.1320 GBP | ||||
32 17/19p ordinary | Sale | 24 | 5.1050 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 | 9,453 | 5.0979 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 12,721 | 5.1072 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 372 | 5.1080 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 3,736 | 5.1101 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 43,317 | 5.1117 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 64,662 | 5.1119 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 46,689 | 5.1123 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 62,338 | 5.1127 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 7,393 | 5.1134 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 7,329 | 5.1136 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 2,150 | 5.1143 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 1,643 | 5.1144 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 137 | 5.1147 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 1,250 | 5.1148 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 269,780 | 5.1149 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 1,708 | 5.1150 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 43,044 | 5.1158 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 747 | 5.1159 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 777 | 5.1166 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 2,325 | 5.1169 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 35,743 | 5.1171 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 8,063 | 5.1172 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 93,453 | 5.1174 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 68,222 | 5.1181 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 78,059 | 5.1187 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 3,783 | 5.1189 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 9,395 | 5.1191 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 199 | 5.1192 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 74,368 | 5.1197 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 11,265 | 5.1199 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 76,571 | 5.1200 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 1,446 | 5.1208 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 27,501 | 5.1222 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 5,900 | 5.1267 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 24,794 | 5.1053 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 41,700 | 5.1070 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 74,154 | 5.1097 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 83,445 | 5.1121 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 40,233 | 5.1122 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 56,135 | 5.1125 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 18,735 | 5.1131 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 50,950 | 5.1155 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 160 | 5.1168 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 80 | 5.1170 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 9,153 | 5.1177 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 93,068 | 5.1197 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 13,097 | 5.1198 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 330,300 | 5.1200 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 8,950 | 5.1203 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 85,749 | 5.1208 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 7,970 | 5.1210 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 4,002 | 5.1210 USD | |||
32 17/19p ordinary | SWAP | Increasing Short | 489 | 5.1260 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 12,980 | 5.1130 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 294 | 5.1156 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 6,306 | 5.1160 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 1,689 | 5.1196 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 1,200 | 5.1003 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 103,568 | 5.1140 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 19,269 | 5.1161 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 8,321 | 5.1166 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 1,689 | 5.1183 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: | 27 Jan 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 | -241,315 | 4.4050 | European | 06 May 2025 | |
32 17/19p ordinary | Call Options | Written | -120,789 | 5.3305 | European | 06 Jun 2025 | |
32 17/19p ordinary | Call Options | Written | -104,583 | 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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