1st Apr 2025 15:27
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: | 31 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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| 16,135,088 | 0.60% | 15,446,407 | 0.58% |
(2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 14,276,190 | 0.53% | 10,769,733 | 0.40% |
(3) | Stock-settled derivatives (including options) |
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| and agreements to purchase/sell: |
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| 0 | 0.00% | 225,362 | 0.01% |
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| TOTAL: |
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| 30,411,278 | 1.14% | 26,441,502 | 0.99% |
(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 | 211,546 | 5.5520 GBP | ||||
32 17/19p ordinary | Purchase | 196,152 | 5.5512 GBP | ||||
32 17/19p ordinary | Purchase | 152,502 | 5.5341 GBP | ||||
32 17/19p ordinary | Purchase | 83,389 | 5.5498 GBP | ||||
32 17/19p ordinary | Purchase | 73,517 | 5.5401 GBP | ||||
32 17/19p ordinary | Purchase | 69,046 | 5.5528 GBP | ||||
32 17/19p ordinary | Purchase | 67,749 | 5.5406 GBP | ||||
32 17/19p ordinary | Purchase | 58,282 | 5.5407 GBP | ||||
32 17/19p ordinary | Purchase | 53,556 | 5.5458 GBP | ||||
32 17/19p ordinary | Purchase | 49,568 | 5.5381 GBP | ||||
32 17/19p ordinary | Purchase | 48,846 | 5.5523 GBP | ||||
32 17/19p ordinary | Purchase | 40,711 | 5.5530 GBP | ||||
32 17/19p ordinary | Purchase | 39,221 | 5.5395 GBP | ||||
32 17/19p ordinary | Purchase | 37,941 | 5.5325 GBP | ||||
32 17/19p ordinary | Purchase | 36,011 | 5.5504 GBP | ||||
32 17/19p ordinary | Purchase | 31,548 | 5.5505 GBP | ||||
32 17/19p ordinary | Purchase | 29,773 | 5.5443 GBP | ||||
32 17/19p ordinary | Purchase | 24,584 | 5.5281 GBP | ||||
32 17/19p ordinary | Purchase | 21,085 | 5.5522 GBP | ||||
32 17/19p ordinary | Purchase | 20,830 | 5.5440 GBP | ||||
32 17/19p ordinary | Purchase | 13,614 | 5.5390 GBP | ||||
32 17/19p ordinary | Purchase | 13,273 | 5.5374 GBP | ||||
32 17/19p ordinary | Purchase | 12,829 | 5.5531 GBP | ||||
32 17/19p ordinary | Purchase | 12,560 | 5.5448 GBP | ||||
32 17/19p ordinary | Purchase | 12,341 | 5.5470 GBP | ||||
32 17/19p ordinary | Purchase | 11,353 | 5.5410 GBP | ||||
32 17/19p ordinary | Purchase | 10,284 | 5.5430 GBP | ||||
32 17/19p ordinary | Purchase | 9,207 | 5.5546 GBP | ||||
32 17/19p ordinary | Purchase | 7,689 | 5.5347 GBP | ||||
32 17/19p ordinary | Purchase | 7,562 | 5.5265 GBP | ||||
32 17/19p ordinary | Purchase | 7,449 | 5.5456 GBP | ||||
32 17/19p ordinary | Purchase | 7,094 | 5.5548 GBP | ||||
32 17/19p ordinary | Purchase | 4,211 | 5.5553 GBP | ||||
32 17/19p ordinary | Purchase | 4,092 | 5.5549 GBP | ||||
32 17/19p ordinary | Purchase | 3,833 | 5.5446 GBP | ||||
32 17/19p ordinary | Purchase | 3,532 | 5.5340 GBP | ||||
32 17/19p ordinary | Purchase | 3,508 | 5.5529 GBP | ||||
32 17/19p ordinary | Purchase | 3,440 | 5.5370 GBP | ||||
32 17/19p ordinary | Purchase | 3,419 | 5.5398 GBP | ||||
32 17/19p ordinary | Purchase | 3,299 | 5.5493 GBP | ||||
32 17/19p ordinary | Purchase | 3,166 | 5.5333 GBP | ||||
32 17/19p ordinary | Purchase | 3,054 | 5.5452 GBP | ||||
32 17/19p ordinary | Purchase | 2,621 | 5.5465 GBP | ||||
32 17/19p ordinary | Purchase | 2,438 | 5.5450 GBP | ||||
32 17/19p ordinary | Purchase | 2,383 | 5.5620 GBP | ||||
32 17/19p ordinary | Purchase | 2,104 | 5.5400 GBP | ||||
32 17/19p ordinary | Purchase | 2,061 | 5.5439 GBP | ||||
32 17/19p ordinary | Purchase | 2,034 | 5.5330 GBP | ||||
32 17/19p ordinary | Purchase | 2,014 | 5.5545 GBP | ||||
32 17/19p ordinary | Purchase | 1,883 | 5.5449 GBP | ||||
32 17/19p ordinary | Purchase | 1,536 | 5.5350 GBP | ||||
32 17/19p ordinary | Purchase | 1,446 | 5.5360 GBP | ||||
32 17/19p ordinary | Purchase | 1,305 | 5.5600 GBP | ||||
32 17/19p ordinary | Purchase | 1,216 | 5.5380 GBP | ||||
32 17/19p ordinary | Purchase | 1,190 | 5.5516 GBP | ||||
32 17/19p ordinary | Purchase | 1,035 | 5.5237 GBP | ||||
32 17/19p ordinary | Purchase | 902 | 5.5310 GBP | ||||
32 17/19p ordinary | Purchase | 731 | 5.5491 GBP | ||||
32 17/19p ordinary | Purchase | 706 | 5.5290 GBP | ||||
32 17/19p ordinary | Purchase | 611 | 5.5460 GBP | ||||
32 17/19p ordinary | Purchase | 553 | 5.5250 GBP | ||||
32 17/19p ordinary | Purchase | 535 | 5.5240 GBP | ||||
32 17/19p ordinary | Purchase | 534 | 5.5480 GBP | ||||
32 17/19p ordinary | Purchase | 511 | 5.5490 GBP | ||||
32 17/19p ordinary | Purchase | 510 | 5.5260 GBP | ||||
32 17/19p ordinary | Purchase | 508 | 5.5540 GBP | ||||
32 17/19p ordinary | Purchase | 420 | 5.5270 GBP | ||||
32 17/19p ordinary | Purchase | 415 | 5.5556 GBP | ||||
32 17/19p ordinary | Purchase | 358 | 5.5570 GBP | ||||
32 17/19p ordinary | Purchase | 356 | 5.5640 GBP | ||||
32 17/19p ordinary | Purchase | 45 | 5.5513 GBP | ||||
32 17/19p ordinary | Purchase | 12 | 5.5510 GBP | ||||
32 17/19p ordinary | Sale | 315,569 | 5.5481 GBP | ||||
32 17/19p ordinary | Sale | 182,070 | 5.5520 GBP | ||||
32 17/19p ordinary | Sale | 156,284 | 5.5355 GBP | ||||
32 17/19p ordinary | Sale | 79,527 | 5.5515 GBP | ||||
32 17/19p ordinary | Sale | 77,107 | 5.5457 GBP | ||||
32 17/19p ordinary | Sale | 76,587 | 5.5326 GBP | ||||
32 17/19p ordinary | Sale | 60,485 | 5.5408 GBP | ||||
32 17/19p ordinary | Sale | 54,035 | 5.5404 GBP | ||||
32 17/19p ordinary | Sale | 51,883 | 5.5417 GBP | ||||
32 17/19p ordinary | Sale | 47,594 | 5.5385 GBP | ||||
32 17/19p ordinary | Sale | 40,721 | 5.5508 GBP | ||||
32 17/19p ordinary | Sale | 34,591 | 5.5499 GBP | ||||
32 17/19p ordinary | Sale | 18,886 | 5.5507 GBP | ||||
32 17/19p ordinary | Sale | 18,769 | 5.5389 GBP | ||||
32 17/19p ordinary | Sale | 16,227 | 5.5361 GBP | ||||
32 17/19p ordinary | Sale | 15,419 | 5.5335 GBP | ||||
32 17/19p ordinary | Sale | 13,927 | 5.5402 GBP | ||||
32 17/19p ordinary | Sale | 12,509 | 5.5386 GBP | ||||
32 17/19p ordinary | Sale | 12,345 | 5.5446 GBP | ||||
32 17/19p ordinary | Sale | 9,642 | 5.5310 GBP | ||||
32 17/19p ordinary | Sale | 7,743 | 5.5429 GBP | ||||
32 17/19p ordinary | Sale | 7,500 | 5.5440 GBP | ||||
32 17/19p ordinary | Sale | 6,360 | 5.5406 GBP | ||||
32 17/19p ordinary | Sale | 5,776 | 5.5442 GBP | ||||
32 17/19p ordinary | Sale | 5,007 | 5.5416 GBP | ||||
32 17/19p ordinary | Sale | 4,724 | 5.5222 GBP | ||||
32 17/19p ordinary | Sale | 3,209 | 5.5367 GBP | ||||
32 17/19p ordinary | Sale | 3,193 | 5.5405 GBP | ||||
32 17/19p ordinary | Sale | 3,075 | 5.5421 GBP | ||||
32 17/19p ordinary | Sale | 2,947 | 5.5527 GBP | ||||
32 17/19p ordinary | Sale | 2,807 | 5.5320 GBP | ||||
32 17/19p ordinary | Sale | 2,761 | 5.5420 GBP | ||||
32 17/19p ordinary | Sale | 2,522 | 5.5234 GBP | ||||
32 17/19p ordinary | Sale | 2,135 | 5.5316 GBP | ||||
32 17/19p ordinary | Sale | 2,120 | 5.5360 GBP | ||||
32 17/19p ordinary | Sale | 2,109 | 5.5370 GBP | ||||
32 17/19p ordinary | Sale | 2,104 | 5.5400 GBP | ||||
32 17/19p ordinary | Sale | 2,034 | 5.5330 GBP | ||||
32 17/19p ordinary | Sale | 2,018 | 5.5284 GBP | ||||
32 17/19p ordinary | Sale | 1,778 | 5.5380 GBP | ||||
32 17/19p ordinary | Sale | 1,650 | 5.5450 GBP | ||||
32 17/19p ordinary | Sale | 1,595 | 5.5445 GBP | ||||
32 17/19p ordinary | Sale | 1,536 | 5.5350 GBP | ||||
32 17/19p ordinary | Sale | 1,346 | 5.5410 GBP | ||||
32 17/19p ordinary | Sale | 1,212 | 5.5140 GBP | ||||
32 17/19p ordinary | Sale | 1,149 | 5.5635 GBP | ||||
32 17/19p ordinary | Sale | 901 | 5.5344 GBP | ||||
32 17/19p ordinary | Sale | 885 | 5.5496 GBP | ||||
32 17/19p ordinary | Sale | 839 | 5.5304 GBP | ||||
32 17/19p ordinary | Sale | 706 | 5.5290 GBP | ||||
32 17/19p ordinary | Sale | 611 | 5.5460 GBP | ||||
32 17/19p ordinary | Sale | 590 | 5.5415 GBP | ||||
32 17/19p ordinary | Sale | 584 | 5.5500 GBP | ||||
32 17/19p ordinary | Sale | 553 | 5.5250 GBP | ||||
32 17/19p ordinary | Sale | 535 | 5.5240 GBP | ||||
32 17/19p ordinary | Sale | 526 | 5.5390 GBP | ||||
32 17/19p ordinary | Sale | 523 | 5.5470 GBP | ||||
32 17/19p ordinary | Sale | 511 | 5.5490 GBP | ||||
32 17/19p ordinary | Sale | 462 | 5.5430 GBP | ||||
32 17/19p ordinary | Sale | 438 | 5.5600 GBP | ||||
32 17/19p ordinary | Sale | 420 | 5.5270 GBP | ||||
32 17/19p ordinary | Sale | 358 | 5.5570 GBP | ||||
32 17/19p ordinary | Sale | 356 | 5.5640 GBP | ||||
32 17/19p ordinary | Sale | 352 | 5.5720 GBP | ||||
32 17/19p ordinary | Sale | 302 | 5.5480 GBP | ||||
32 17/19p ordinary | Sale | 71 | 5.5614 GBP | ||||
32 17/19p ordinary | Sale | 16 | 5.5686 GBP | ||||
32 17/19p ordinary | Sale | 15 | 5.5340 GBP | ||||
32 17/19p ordinary | Sale | 15 | 5.5533 GBP | ||||
32 17/19p ordinary | Sale | 3 | 5.5352 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 | 76,587 | 5.5326 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 3 | 5.5352 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 7 | 5.5354 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 138,303 | 5.5355 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 70,691 | 5.5376 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 79,340 | 5.5385 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 21,964 | 5.5393 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 9,587 | 5.5394 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 7,786 | 5.5429 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 4,846 | 5.5450 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 12,967 | 5.5499 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 18,886 | 5.5507 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 15,000 | 5.5514 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 79,527 | 5.5515 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 309,050 | 5.5520 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 400 | 5.5529 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 15 | 5.5534 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 1 | 5.5594 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 71 | 5.5614 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 1,149 | 5.5635 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 16 | 5.5686 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 17,868 | 5.5263 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 1,696 | 5.5273 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 13,175 | 5.5341 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 5,020 | 5.5350 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 801 | 5.5358 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 13,273 | 5.5374 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 2,296 | 5.5376 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 3,789 | 5.5419 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 15,000 | 5.5445 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 53,556 | 5.5458 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 731 | 5.5491 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 3,299 | 5.5493 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 45 | 5.5513 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 143,828 | 5.5516 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 7,044 | 5.5520 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 21,085 | 5.5522 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 48,846 | 5.5523 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 60,725 | 5.5524 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 69,046 | 5.5528 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 3,508 | 5.5529 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 3,211 | 5.5530 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 12,829 | 5.5531 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 12,954 | 5.5537 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 2,014 | 5.5545 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 9,207 | 5.5546 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 7,094 | 5.5548 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 4,211 | 5.5552 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 415 | 5.5556 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 4,940 | 5.5408 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 2,365 | 5.5369 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 108,676 | 5.5396 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 36,498 | 5.5444 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 976 | 5.5516 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 19,756 | 5.5393 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 4,140 | 5.5548 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 976 | 5.5703 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: | 01 Apr 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 | -120,790 | 5.3305 | European | 06 Jun 2025 | |
32 17/19p ordinary | Call Options | Written | -104,572 | 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