17th Apr 2025 13:22
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: | 16 Apr 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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| 13,838,200 | 0.52% | 15,740,941 | 0.59% |
(2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 14,675,714 | 0.55% | 11,646,443 | 0.43% |
(3) | Stock-settled derivatives (including options) |
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| and agreements to purchase/sell: |
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| 0 | 0.00% | 225,354 | 0.01% |
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| TOTAL: |
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| 28,513,914 | 1.06% | 27,612,738 | 1.03% |
(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 |
| securities |
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32 17/19p ordinary | Purchase | 3,040,477 | 5.2400 GBP | ||||
32 17/19p ordinary | Purchase | 732,372 | 5.2388 GBP | ||||
32 17/19p ordinary | Purchase | 225,741 | 5.2381 GBP | ||||
32 17/19p ordinary | Purchase | 134,177 | 5.2377 GBP | ||||
32 17/19p ordinary | Purchase | 66,362 | 5.2302 GBP | ||||
32 17/19p ordinary | Purchase | 42,111 | 5.2410 GBP | ||||
32 17/19p ordinary | Purchase | 40,170 | 5.2134 GBP | ||||
32 17/19p ordinary | Purchase | 35,414 | 5.2137 GBP | ||||
32 17/19p ordinary | Purchase | 35,253 | 5.2353 GBP | ||||
32 17/19p ordinary | Purchase | 32,196 | 5.2120 GBP | ||||
32 17/19p ordinary | Purchase | 30,571 | 5.2421 GBP | ||||
32 17/19p ordinary | Purchase | 28,058 | 5.2281 GBP | ||||
32 17/19p ordinary | Purchase | 19,663 | 5.2407 GBP | ||||
32 17/19p ordinary | Purchase | 16,303 | 5.2458 GBP | ||||
32 17/19p ordinary | Purchase | 14,384 | 5.2428 GBP | ||||
32 17/19p ordinary | Purchase | 13,362 | 5.2324 GBP | ||||
32 17/19p ordinary | Purchase | 11,045 | 5.2427 GBP | ||||
32 17/19p ordinary | Purchase | 9,943 | 5.2409 GBP | ||||
32 17/19p ordinary | Purchase | 7,603 | 5.2129 GBP | ||||
32 17/19p ordinary | Purchase | 6,720 | 5.2219 GBP | ||||
32 17/19p ordinary | Purchase | 6,291 | 5.2037 GBP | ||||
32 17/19p ordinary | Purchase | 5,590 | 5.2365 GBP | ||||
32 17/19p ordinary | Purchase | 4,624 | 5.2301 GBP | ||||
32 17/19p ordinary | Purchase | 3,837 | 5.2309 GBP | ||||
32 17/19p ordinary | Purchase | 3,298 | 5.2059 GBP | ||||
32 17/19p ordinary | Purchase | 2,983 | 5.2442 GBP | ||||
32 17/19p ordinary | Purchase | 2,932 | 5.2053 GBP | ||||
32 17/19p ordinary | Purchase | 2,683 | 5.2252 GBP | ||||
32 17/19p ordinary | Purchase | 2,170 | 5.2211 GBP | ||||
32 17/19p ordinary | Purchase | 2,155 | 5.2391 GBP | ||||
32 17/19p ordinary | Purchase | 2,031 | 5.2415 GBP | ||||
32 17/19p ordinary | Purchase | 1,763 | 5.2459 GBP | ||||
32 17/19p ordinary | Purchase | 1,719 | 5.2473 GBP | ||||
32 17/19p ordinary | Purchase | 1,322 | 5.2291 GBP | ||||
32 17/19p ordinary | Purchase | 1,277 | 5.2031 GBP | ||||
32 17/19p ordinary | Purchase | 1,171 | 5.2190 GBP | ||||
32 17/19p ordinary | Purchase | 915 | 5.2240 GBP | ||||
32 17/19p ordinary | Purchase | 753 | 5.2340 GBP | ||||
32 17/19p ordinary | Purchase | 677 | 5.2360 GBP | ||||
32 17/19p ordinary | Purchase | 623 | 5.2440 GBP | ||||
ADR | Purchase | 574 | 14.0200 USD | ||||
32 17/19p ordinary | Purchase | 538 | 5.2380 GBP | ||||
32 17/19p ordinary | Purchase | 302 | 5.2460 GBP | ||||
ADR | Purchase | 202 | 13.9803 USD | ||||
32 17/19p ordinary | Purchase | 86 | 5.2279 GBP | ||||
32 17/19p ordinary | Sale | 1,034,025 | 5.2400 GBP | ||||
32 17/19p ordinary | Sale | 288,515 | 5.2330 GBP | ||||
32 17/19p ordinary | Sale | 136,634 | 5.2355 GBP | ||||
32 17/19p ordinary | Sale | 76,447 | 5.2223 GBP | ||||
32 17/19p ordinary | Sale | 45,227 | 5.2087 GBP | ||||
32 17/19p ordinary | Sale | 31,306 | 5.2293 GBP | ||||
32 17/19p ordinary | Sale | 19,374 | 5.2338 GBP | ||||
32 17/19p ordinary | Sale | 16,581 | 5.2258 GBP | ||||
32 17/19p ordinary | Sale | 16,196 | 5.2389 GBP | ||||
32 17/19p ordinary | Sale | 12,131 | 5.2409 GBP | ||||
32 17/19p ordinary | Sale | 10,951 | 5.2396 GBP | ||||
32 17/19p ordinary | Sale | 10,403 | 5.2303 GBP | ||||
32 17/19p ordinary | Sale | 9,992 | 5.2383 GBP | ||||
32 17/19p ordinary | Sale | 9,972 | 5.2174 GBP | ||||
32 17/19p ordinary | Sale | 9,655 | 5.2372 GBP | ||||
32 17/19p ordinary | Sale | 9,108 | 5.2110 GBP | ||||
32 17/19p ordinary | Sale | 4,591 | 5.2253 GBP | ||||
32 17/19p ordinary | Sale | 4,589 | 5.2417 GBP | ||||
32 17/19p ordinary | Sale | 4,166 | 5.2325 GBP | ||||
32 17/19p ordinary | Sale | 3,090 | 5.2493 GBP | ||||
32 17/19p ordinary | Sale | 3,030 | 5.1920 GBP | ||||
32 17/19p ordinary | Sale | 3,028 | 5.2499 GBP | ||||
32 17/19p ordinary | Sale | 2,738 | 5.2452 GBP | ||||
32 17/19p ordinary | Sale | 2,292 | 5.2109 GBP | ||||
32 17/19p ordinary | Sale | 1,787 | 5.2320 GBP | ||||
32 17/19p ordinary | Sale | 1,415 | 5.2460 GBP | ||||
32 17/19p ordinary | Sale | 1,363 | 5.2050 GBP | ||||
32 17/19p ordinary | Sale | 1,135 | 5.2352 GBP | ||||
32 17/19p ordinary | Sale | 915 | 5.2240 GBP | ||||
32 17/19p ordinary | Sale | 661 | 5.2420 GBP | ||||
32 17/19p ordinary | Sale | 624 | 5.2102 GBP | ||||
ADR | Sale | 574 | 14.0200 USD | ||||
32 17/19p ordinary | Sale | 395 | 5.2360 GBP | ||||
32 17/19p ordinary | Sale | 380 | 5.2180 GBP | ||||
32 17/19p ordinary | Sale | 362 | 5.2490 GBP | ||||
32 17/19p ordinary | Sale | 304 | 5.2371 GBP | ||||
32 17/19p ordinary | Sale | 211 | 5.2190 GBP | ||||
ADR | Sale | 202 | 13.9803 USD | ||||
32 17/19p ordinary | Sale | 100 | 5.2277 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 | 3,030 | 5.1920 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 8,802 | 5.2059 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 45,227 | 5.2087 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 8,364 | 5.2110 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 4,591 | 5.2253 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 16,581 | 5.2258 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 7,348 | 5.2272 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 31,306 | 5.2293 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 59,533 | 5.2323 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 19,374 | 5.2338 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 25,196 | 5.2341 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 5,131 | 5.2352 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 9,655 | 5.2372 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 9,992 | 5.2383 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 16,196 | 5.2389 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 10,951 | 5.2396 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 79,464 | 5.2397 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 571,269 | 5.2400 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 4,082 | 5.2401 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 288 | 5.2407 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 12,854 | 5.2409 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 2,738 | 5.2452 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 6,291 | 5.2037 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 22,380 | 5.2073 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 51,300 | 5.2105 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 42,317 | 5.2340 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 134,177 | 5.2377 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 58,437 | 5.2380 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 225,741 | 5.2381 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 89,477 | 5.2388 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 267,355 | 5.2389 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 151,817 | 5.2398 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 501,654 | 5.2400 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 19,663 | 5.2407 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 42,111 | 5.2410 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 16,001 | 5.2458 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 900 | 5.2353 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 7,200 | 5.2400 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 12,780 | 5.2156 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 200 | 5.2276 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 34,494 | 5.2320 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 7,320 | 5.2331 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 1,715,472 | 5.2400 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 2,400 | 5.2480 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 604 | 5.2394 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 3,843,946 | 5.2400 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 3,801 | 5.2403 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 8,245 | 5.2411 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 29,033 | 5.2426 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: | 17 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 | -120,762 | 5.3305 | European | 06 Jun 2025 | |
32 17/19p ordinary | Call Options | Written | -104,592 | 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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