18th Feb 2025 15:10
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): |
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(c) | Name of offeror/offeree in relation to whose relevant securities this form relates: | AVIVA PLC | |||||
(d) | If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: |
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(e) | Date position held/dealing undertaken: | 17 Feb 2025 | |||||
(f) | In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? | YES: 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: | 30,946,539 | 1.15% | 27,454,354 | 1.03% | |||
(2) Cash-settled derivatives: | 10,097,050 | 0.38% | 23,681,678 | 0.88% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 20,000 | 0.00% | 486,678 | 0.02% | |||
TOTAL: | 41,063,589 | 1.53% | 51,622,710 | 1.93% | |||
(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 PERSON MAKING THE DISCLOSURE | ||||||
(a) | Purchase and sales | ||||||
Class of relevant security | Purchase/sale | Number of securities | Price per unit | ||||
32 17/19p ordinary | Purchase | 240,634 | 5.1092 GBP | ||||
32 17/19p ordinary | Purchase | 197,749 | 5.1080 GBP | ||||
32 17/19p ordinary | Purchase | 107,954 | 5.1151 GBP | ||||
32 17/19p ordinary | Purchase | 63,736 | 5.1107 GBP | ||||
32 17/19p ordinary | Purchase | 52,148 | 5.1094 GBP | ||||
32 17/19p ordinary | Purchase | 45,684 | 5.1086 GBP | ||||
32 17/19p ordinary | Purchase | 33,800 | 5.1110 GBP | ||||
32 17/19p ordinary | Purchase | 28,930 | 5.0922 GBP | ||||
32 17/19p ordinary | Purchase | 22,911 | 5.1074 GBP | ||||
32 17/19p ordinary | Purchase | 8,854 | 5.1172 GBP | ||||
32 17/19p ordinary | Purchase | 8,822 | 5.1109 GBP | ||||
32 17/19p ordinary | Purchase | 7,776 | 5.1108 GBP | ||||
32 17/19p ordinary | Purchase | 6,859 | 5.1140 GBP | ||||
32 17/19p ordinary | Purchase | 6,155 | 5.0890 GBP | ||||
32 17/19p ordinary | Purchase | 5,485 | 5.1045 GBP | ||||
32 17/19p ordinary | Purchase | 5,354 | 5.0960 GBP | ||||
32 17/19p ordinary | Purchase | 3,556 | 5.1082 GBP | ||||
32 17/19p ordinary | Purchase | 3,326 | 5.1065 GBP | ||||
32 17/19p ordinary | Purchase | 2,983 | 5.0934 GBP | ||||
32 17/19p ordinary | Purchase | 2,976 | 5.1180 GBP | ||||
32 17/19p ordinary | Purchase | 2,790 | 5.1160 GBP | ||||
32 17/19p ordinary | Purchase | 2,339 | 5.0982 GBP | ||||
32 17/19p ordinary | Purchase | 2,009 | 5.1066 GBP | ||||
32 17/19p ordinary | Purchase | 1,988 | 5.1165 GBP | ||||
32 17/19p ordinary | Purchase | 1,827 | 5.0962 GBP | ||||
32 17/19p ordinary | Purchase | 1,777 | 5.0880 GBP | ||||
32 17/19p ordinary | Purchase | 1,733 | 5.1178 GBP | ||||
32 17/19p ordinary | Purchase | 1,631 | 5.1120 GBP | ||||
32 17/19p ordinary | Purchase | 1,456 | 5.1060 GBP | ||||
32 17/19p ordinary | Purchase | 969 | 5.1260 GBP | ||||
32 17/19p ordinary | Purchase | 888 | 5.1083 GBP | ||||
32 17/19p ordinary | Purchase | 854 | 5.1100 GBP | ||||
32 17/19p ordinary | Purchase | 837 | 5.1116 GBP | ||||
32 17/19p ordinary | Purchase | 723 | 5.0900 GBP | ||||
32 17/19p ordinary | Purchase | 674 | 5.1200 GBP | ||||
32 17/19p ordinary | Purchase | 618 | 5.0920 GBP | ||||
32 17/19p ordinary | Purchase | 604 | 5.1240 GBP | ||||
32 17/19p ordinary | Purchase | 594 | 5.1156 GBP | ||||
32 17/19p ordinary | Purchase | 583 | 5.1000 GBP | ||||
32 17/19p ordinary | Purchase | 534 | 5.1121 GBP | ||||
32 17/19p ordinary | Purchase | 578 | 5.1000 GBP | ||||
32 17/19p ordinary | Purchase | 504 | 5.0900 GBP | ||||
32 17/19p ordinary | Purchase | 470 | 5.1080 GBP | ||||
32 17/19p ordinary | Purchase | 354 | 5.1040 GBP | ||||
32 17/19p ordinary | Purchase | 351 | 5.0920 GBP | ||||
32 17/19p ordinary | Purchase | 200 | 5.0980 GBP | ||||
32 17/19p ordinary | Purchase | 12 | 5.0800 GBP | ||||
32 17/19p ordinary | Sale | 148,216 | 5.1063 GBP | ||||
32 17/19p ordinary | Sale | 146,706 | 5.1082 GBP | ||||
32 17/19p ordinary | Sale | 104,258 | 5.1144 GBP | ||||
32 17/19p ordinary | Sale | 89,517 | 5.1162 GBP | ||||
32 17/19p ordinary | Sale | 57,230 | 5.1079 GBP | ||||
32 17/19p ordinary | Sale | 52,434 | 5.1139 GBP | ||||
32 17/19p ordinary | Sale | 30,848 | 5.1080 GBP | ||||
32 17/19p ordinary | Sale | 30,703 | 5.1155 GBP | ||||
32 17/19p ordinary | Sale | 29,159 | 5.1122 GBP | ||||
32 17/19p ordinary | Sale | 20,784 | 5.1130 GBP | ||||
32 17/19p ordinary | Sale | 18,938 | 5.1093 GBP | ||||
32 17/19p ordinary | Sale | 18,164 | 5.1090 GBP | ||||
32 17/19p ordinary | Sale | 16,752 | 5.1137 GBP | ||||
32 17/19p ordinary | Sale | 13,317 | 5.1198 GBP | ||||
32 17/19p ordinary | Sale | 12,089 | 5.1167 GBP | ||||
32 17/19p ordinary | Sale | 10,465 | 5.1069 GBP | ||||
32 17/19p ordinary | Sale | 9,380 | 5.0997 GBP | ||||
32 17/19p ordinary | Sale | 8,525 | 5.0980 GBP | ||||
32 17/19p ordinary | Sale | 6,739 | 5.1076 GBP | ||||
32 17/19p ordinary | Sale | 5,839 | 5.1112 GBP | ||||
32 17/19p ordinary | Sale | 5,256 | 5.1061 GBP | ||||
32 17/19p ordinary | Sale | 4,452 | 5.1114 GBP | ||||
32 17/19p ordinary | Sale | 4,428 | 5.1098 GBP | ||||
32 17/19p ordinary | Sale | 2,978 | 5.1096 GBP | ||||
32 17/19p ordinary | Sale | 2,935 | 5.1072 GBP | ||||
32 17/19p ordinary | Sale | 2,790 | 5.1160 GBP | ||||
32 17/19p ordinary | Sale | 2,604 | 5.1132 GBP | ||||
32 17/19p ordinary | Sale | 2,027 | 5.1060 GBP | ||||
32 17/19p ordinary | Sale | 1,743 | 5.1164 GBP | ||||
32 17/19p ordinary | Sale | 1,631 | 5.1120 GBP | ||||
32 17/19p ordinary | Sale | 1,445 | 5.1181 GBP | ||||
32 17/19p ordinary | Sale | 1,217 | 5.1088 GBP | ||||
32 17/19p ordinary | Sale | 1,065 | 5.1108 GBP | ||||
32 17/19p ordinary | Sale | 969 | 5.1260 GBP | ||||
32 17/19p ordinary | Sale | 861 | 5.1140 GBP | ||||
32 17/19p ordinary | Sale | 854 | 5.1100 GBP | ||||
32 17/19p ordinary | Sale | 674 | 5.1200 GBP | ||||
32 17/19p ordinary | Sale | 604 | 5.1240 GBP | ||||
32 17/19p ordinary | Sale | 597 | 5.1170 GBP | ||||
32 17/19p ordinary | Sale | 512 | 5.1080 GBP | ||||
32 17/19p ordinary | Sale | 354 | 5.1040 GBP | ||||
32 17/19p ordinary | Sale | 335 | 5.1080 GBP | ||||
32 17/19p ordinary | Sale | 351 | 5.0920 GBP | ||||
32 17/19p ordinary | Sale | 151 | 5.0994 GBP | ||||
(b) | Cash-settled derivative transactions | ||||||
Class of relevant security | Product description | Nature of dealing | Number of reference securities | Price per unit | |||
32 17/19p ordinary | SWAP | Decreasing Short | 15 | 5.0800 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 151 | 5.0994 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 5,256 | 5.1061 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 10,465 | 5.1069 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 5,984 | 5.1070 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 2,935 | 5.1072 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 76,184 | 5.1077 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 57,230 | 5.1079 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 124,871 | 5.1080 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 10,747 | 5.1081 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 18,164 | 5.1090 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 2,792 | 5.1096 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 9,322 | 5.1104 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 4,452 | 5.1114 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 113,587 | 5.1139 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 33,738 | 5.1150 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 27,288 | 5.1155 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 27,172 | 5.1157 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 89,517 | 5.1162 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 13,849 | 5.1168 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 1,777 | 5.0880 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 5,485 | 5.1045 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 2,009 | 5.1066 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 4,251 | 5.1067 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 52,877 | 5.1077 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 255,886 | 5.1080 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 3,556 | 5.1082 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 888 | 5.1083 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 45,684 | 5.1086 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 1,402 | 5.1095 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 7,776 | 5.1108 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 8,822 | 5.1109 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 33,800 | 5.1110 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 534 | 5.1121 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 46,168 | 5.1122 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 1,567 | 5.1126 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 5,532 | 5.1140 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 107,954 | 5.1151 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 3,162 | 5.1164 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 678 | 5.1154 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 9,589 | 5.1058 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 27,734 | 5.1100 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 30,367 | 5.1166 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 1,445 | 5.1181 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 1,160 | 5.0803 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 295 | 5.1023 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 52,148 | 5.1094 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 53,053 | 5.1114 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 11,290 | 5.1179 GBP | |||
(c) | Stock-settled derivative transactions (including options) | ||||||
(i) | Writing, selling, purchasing or varying | ||||||
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 | Option money paid/ received per unit |
(ii) | Exercising |
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Class of relevant security | Product description | Exercising/ exercised against | Number of securities | Exercise price per unit | |||
(d) | Other dealings (including subscribing for new securities) | ||||||
Class of relevant security | Nature of Dealings | Details | Price per unit (if 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 person 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 |
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Is a Supplemental Form 8 (Open Positions) attached? | YES | ||||||
Date of disclosure: | 18 Feb 2025 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||
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SUPPLEMENTAL FORM 8 (OPEN POSITIONS) | |||||||
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 are being disclosed: | Barclays PLC. | ||||||
Name of offeror/offeree in relation to whose relevant securities this from relates: | AVIVA PLC | ||||||
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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 | Put Options | Purchased | -10,000 | 462.2400 | American | 19 Dec 2025 | |
32 17/19p ordinary | Call Options | Purchased | 10,000 | 564.9600 | American | 19 Dec 2025 | |
32 17/19p ordinary | Call Options | Written | -241,312 | 4.4050 | European | 06 May 2025 | |
32 17/19p ordinary | Call Options | Written | -120,792 | 5.3305 | European | 06 Jun 2025 | |
32 17/19p ordinary | Call Options | Written | -104,574 | 5.3176 | European | 05 Jun 2025 | |
32 17/19p ordinary | Call Options | Written | -10,000 | 564.9600 | American | 19 Dec 2025 | |
32 17/19p ordinary | Put Options | Written | 10,000 | 462.2400 | American | 19 Dec 2025 | |
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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