27th May 2025 13:00
FORM 8.3 -Amendment published at 11:52on 27/05/2025 changes made to section Note 5(i) | |||||||
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: | 22 May 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: | 8,785,507 | 0.33% | 17,067,871 | 0.64% | |||
(2) | Cash-settled derivatives: | ||||||
and/or controlled: | 15,951,907 | 0.60% | 8,084,586 | 0.30% | |||
(3) | Stock-settled derivatives (including options) | ||||||
and agreements to purchase/sell: | 0 | 0.00% | 225,365 | 0.01% | |||
TOTAL: | 24,737,414 | 0.92% | 25,377,822 | 0.95% | |||
(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 | 547,784 | 6.1039 GBP | ||||
32 17/19p ordinary | Purchase | 422,352 | 6.0660 GBP | ||||
32 17/19p ordinary | Purchase | 267,898 | 6.0740 GBP | ||||
32 17/19p ordinary | Purchase | 167,789 | 6.1040 GBP | ||||
32 17/19p ordinary | Purchase | 164,100 | 6.0833 GBP | ||||
32 17/19p ordinary | Purchase | 142,111 | 6.0577 GBP | ||||
32 17/19p ordinary | Purchase | 109,398 | 6.0574 GBP | ||||
32 17/19p ordinary | Purchase | 66,642 | 6.0571 GBP | ||||
32 17/19p ordinary | Purchase | 51,534 | 6.0628 GBP | ||||
32 17/19p ordinary | Purchase | 39,736 | 6.0783 GBP | ||||
32 17/19p ordinary | Purchase | 35,265 | 6.0616 GBP | ||||
32 17/19p ordinary | Purchase | 30,892 | 6.1037 GBP | ||||
32 17/19p ordinary | Purchase | 29,830 | 6.0515 GBP | ||||
32 17/19p ordinary | Purchase | 26,836 | 6.0720 GBP | ||||
32 17/19p ordinary | Purchase | 25,427 | 6.0520 GBP | ||||
32 17/19p ordinary | Purchase | 15,651 | 6.0560 GBP | ||||
32 17/19p ordinary | Purchase | 12,900 | 6.0494 GBP | ||||
32 17/19p ordinary | Purchase | 11,695 | 6.0701 GBP | ||||
32 17/19p ordinary | Purchase | 9,691 | 6.0521 GBP | ||||
32 17/19p ordinary | Purchase | 7,176 | 6.0578 GBP | ||||
32 17/19p ordinary | Purchase | 6,992 | 6.0528 GBP | ||||
32 17/19p ordinary | Purchase | 6,800 | 6.0948 GBP | ||||
32 17/19p ordinary | Purchase | 6,151 | 6.0633 GBP | ||||
32 17/19p ordinary | Purchase | 4,891 | 6.0544 GBP | ||||
32 17/19p ordinary | Purchase | 4,766 | 6.0607 GBP | ||||
32 17/19p ordinary | Purchase | 3,480 | 5.3176 GBP | ||||
32 17/19p ordinary | Purchase | 3,214 | 6.0542 GBP | ||||
32 17/19p ordinary | Purchase | 2,638 | 6.0509 GBP | ||||
32 17/19p ordinary | Purchase | 2,600 | 6.0668 GBP | ||||
32 17/19p ordinary | Purchase | 2,342 | 6.0638 GBP | ||||
32 17/19p ordinary | Purchase | 1,997 | 6.0858 GBP | ||||
32 17/19p ordinary | Purchase | 1,897 | 6.0562 GBP | ||||
32 17/19p ordinary | Purchase | 1,867 | 6.0627 GBP | ||||
32 17/19p ordinary | Purchase | 1,838 | 6.0490 GBP | ||||
32 17/19p ordinary | Purchase | 1,803 | 6.0572 GBP | ||||
32 17/19p ordinary | Purchase | 1,599 | 6.0599 GBP | ||||
32 17/19p ordinary | Purchase | 1,160 | 6.0500 GBP | ||||
32 17/19p ordinary | Purchase | 1,156 | 6.0480 GBP | ||||
32 17/19p ordinary | Purchase | 1,083 | 6.1052 GBP | ||||
32 17/19p ordinary | Purchase | 1,065 | 6.0620 GBP | ||||
32 17/19p ordinary | Purchase | 1,042 | 6.0670 GBP | ||||
32 17/19p ordinary | Purchase | 945 | 6.0960 GBP | ||||
32 17/19p ordinary | Purchase | 848 | 6.0641 GBP | ||||
32 17/19p ordinary | Purchase | 845 | 6.0550 GBP | ||||
32 17/19p ordinary | Purchase | 704 | 6.0980 GBP | ||||
32 17/19p ordinary | Purchase | 686 | 6.0760 GBP | ||||
32 17/19p ordinary | Purchase | 660 | 6.0920 GBP | ||||
32 17/19p ordinary | Purchase | 591 | 6.0870 GBP | ||||
32 17/19p ordinary | Purchase | 555 | 6.0891 GBP | ||||
32 17/19p ordinary | Purchase | 516 | 6.0470 GBP | ||||
32 17/19p ordinary | Purchase | 516 | 6.0930 GBP | ||||
32 17/19p ordinary | Purchase | 513 | 6.0440 GBP | ||||
32 17/19p ordinary | Purchase | 491 | 6.0700 GBP | ||||
32 17/19p ordinary | Purchase | 394 | 6.0650 GBP | ||||
32 17/19p ordinary | Purchase | 351 | 6.0640 GBP | ||||
32 17/19p ordinary | Purchase | 250 | 6.0850 GBP | ||||
ADR | Purchase | 122 | 16.3600 USD | ||||
ADR | Purchase | 80 | 16.5200 USD | ||||
32 17/19p ordinary | Purchase | 29 | 6.0832 GBP | ||||
32 17/19p ordinary | Purchase | 13 | 6.0370 GBP | ||||
32 17/19p ordinary | Purchase | 7 | 6.0940 GBP | ||||
32 17/19p ordinary | Sale | 1,328,450 | 6.1025 GBP | ||||
32 17/19p ordinary | Sale | 691,660 | 6.0970 GBP | ||||
32 17/19p ordinary | Sale | 228,533 | 6.1040 GBP | ||||
32 17/19p ordinary | Sale | 184,483 | 6.1039 GBP | ||||
32 17/19p ordinary | Sale | 110,320 | 6.1030 GBP | ||||
32 17/19p ordinary | Sale | 109,398 | 6.0608 GBP | ||||
32 17/19p ordinary | Sale | 109,398 | 6.0574 GBP | ||||
32 17/19p ordinary | Sale | 86,097 | 6.1035 GBP | ||||
32 17/19p ordinary | Sale | 71,508 | 6.0595 GBP | ||||
32 17/19p ordinary | Sale | 71,322 | 6.0619 GBP | ||||
32 17/19p ordinary | Sale | 64,947 | 6.0633 GBP | ||||
32 17/19p ordinary | Sale | 51,834 | 6.0651 GBP | ||||
32 17/19p ordinary | Sale | 24,085 | 6.0605 GBP | ||||
32 17/19p ordinary | Sale | 23,028 | 6.0664 GBP | ||||
32 17/19p ordinary | Sale | 19,299 | 6.0831 GBP | ||||
32 17/19p ordinary | Sale | 16,928 | 6.0643 GBP | ||||
32 17/19p ordinary | Sale | 15,043 | 6.0630 GBP | ||||
32 17/19p ordinary | Sale | 14,647 | 6.0654 GBP | ||||
32 17/19p ordinary | Sale | 10,998 | 6.0586 GBP | ||||
32 17/19p ordinary | Sale | 7,566 | 6.0582 GBP | ||||
32 17/19p ordinary | Sale | 7,366 | 6.0583 GBP | ||||
32 17/19p ordinary | Sale | 7,086 | 6.1027 GBP | ||||
32 17/19p ordinary | Sale | 6,970 | 6.0623 GBP | ||||
32 17/19p ordinary | Sale | 6,895 | 6.0671 GBP | ||||
32 17/19p ordinary | Sale | 6,385 | 6.0559 GBP | ||||
32 17/19p ordinary | Sale | 5,688 | 6.0811 GBP | ||||
32 17/19p ordinary | Sale | 5,354 | 6.0592 GBP | ||||
32 17/19p ordinary | Sale | 5,118 | 6.0587 GBP | ||||
32 17/19p ordinary | Sale | 4,772 | 6.1037 GBP | ||||
32 17/19p ordinary | Sale | 4,079 | 6.0637 GBP | ||||
32 17/19p ordinary | Sale | 3,581 | 6.0662 GBP | ||||
32 17/19p ordinary | Sale | 3,476 | 6.0531 GBP | ||||
32 17/19p ordinary | Sale | 3,223 | 6.0612 GBP | ||||
32 17/19p ordinary | Sale | 3,008 | 6.0515 GBP | ||||
32 17/19p ordinary | Sale | 2,907 | 6.0685 GBP | ||||
32 17/19p ordinary | Sale | 2,779 | 6.0620 GBP | ||||
32 17/19p ordinary | Sale | 2,554 | 6.0581 GBP | ||||
32 17/19p ordinary | Sale | 2,045 | 6.0650 GBP | ||||
32 17/19p ordinary | Sale | 1,928 | 6.0591 GBP | ||||
32 17/19p ordinary | Sale | 1,848 | 6.0738 GBP | ||||
32 17/19p ordinary | Sale | 1,744 | 6.0634 GBP | ||||
32 17/19p ordinary | Sale | 1,705 | 6.0720 GBP | ||||
32 17/19p ordinary | Sale | 1,663 | 6.0600 GBP | ||||
32 17/19p ordinary | Sale | 1,117 | 6.0521 GBP | ||||
32 17/19p ordinary | Sale | 1,042 | 6.0670 GBP | ||||
32 17/19p ordinary | Sale | 1,037 | 6.0818 GBP | ||||
32 17/19p ordinary | Sale | 1,007 | 6.0536 GBP | ||||
32 17/19p ordinary | Sale | 945 | 6.0960 GBP | ||||
32 17/19p ordinary | Sale | 899 | 6.0750 GBP | ||||
32 17/19p ordinary | Sale | 845 | 6.0550 GBP | ||||
32 17/19p ordinary | Sale | 660 | 6.0920 GBP | ||||
32 17/19p ordinary | Sale | 660 | 6.0580 GBP | ||||
32 17/19p ordinary | Sale | 612 | 6.0660 GBP | ||||
32 17/19p ordinary | Sale | 591 | 6.0870 GBP | ||||
32 17/19p ordinary | Sale | 540 | 6.0480 GBP | ||||
32 17/19p ordinary | Sale | 516 | 6.0470 GBP | ||||
32 17/19p ordinary | Sale | 516 | 6.0930 GBP | ||||
32 17/19p ordinary | Sale | 513 | 6.0440 GBP | ||||
32 17/19p ordinary | Sale | 509 | 6.0500 GBP | ||||
32 17/19p ordinary | Sale | 502 | 6.0400 GBP | ||||
32 17/19p ordinary | Sale | 491 | 6.0700 GBP | ||||
32 17/19p ordinary | Sale | 329 | 6.0632 GBP | ||||
32 17/19p ordinary | Sale | 250 | 6.0850 GBP | ||||
32 17/19p ordinary | Sale | 162 | 6.0560 GBP | ||||
32 17/19p ordinary | Sale | 150 | 6.0540 GBP | ||||
ADR | Sale | 122 | 16.3600 USD | ||||
32 17/19p ordinary | Sale | 97 | 6.0792 GBP | ||||
ADR | Sale | 80 | 16.5200 USD | ||||
32 17/19p ordinary | Sale | 7 | 6.0940 GBP | ||||
32 17/19p ordinary | Sale | 7 | 6.0941 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 | 7,402 | 6.0521 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 6,385 | 6.0559 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 2,796 | 6.0574 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 34,161 | 6.0588 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 11,534 | 6.0607 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 61,285 | 6.0633 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 51,834 | 6.0651 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 30,644 | 6.0660 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 7,805 | 6.0724 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 7,821 | 6.0740 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 2,577 | 6.0769 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 16,900 | 6.0796 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 5,688 | 6.0811 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 1,037 | 6.0818 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 9,298 | 6.0849 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 3,711 | 6.0874 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 7,086 | 6.1027 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 110,320 | 6.1030 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 108,298 | 6.1035 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 4,772 | 6.1037 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 532,328 | 6.1038 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 184,483 | 6.1039 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 544,768 | 6.1040 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 1,838 | 6.0490 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 12,900 | 6.0494 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 76 | 6.0500 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 2,877 | 6.0548 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 1,897 | 6.0562 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 109,398 | 6.0574 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 1,599 | 6.0599 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 35,265 | 6.0615 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 351 | 6.0640 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 1,176 | 6.0655 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 421,745 | 6.0660 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 647 | 6.0668 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 267,898 | 6.0740 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 889 | 6.0755 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 2,444 | 6.0797 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 4,507 | 6.0927 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 6,800 | 6.0948 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 15,310 | 6.0956 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 12,692 | 6.1043 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 1,083 | 6.1052 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 900 | 6.0596 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 14,405 | 6.0647 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 4,796 | 6.0748 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 215 | 6.0915 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 122 | 6.0504 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 24,356 | 6.0619 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 973 | 6.1044 GBP | |||
32 17/19p ordinary | SWAP | Opening Long | 3,102 | 6.0836 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: | 26 May 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 | Call Options | Written | -120,789 | 5.3305 | European | 06-Jun-2025 | |
32 17/19p ordinary | Call Options | Written | -104,576 | 5.3176 | European | 05-Jun-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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