25th Nov 2014 17:36
FORM 8.5 (EPT/NON-RI)
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN
EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY (“RI”) STATUS (OR WHERE RI STATUS IS NOT APPLICABLE)
Rule 8.5 of the Takeover Code (the “Code”)
1. KEY INFORMATION
| (a) | Name of exempt principal trader: | BARCLAYS CAPITAL SECURITIES LTD | |||
| (b) | Name of offeror/offeree in relation to whose | FRIENDS LIFE GROUP LIMITED | |||
| relevant securities this form relates: | |||||
| (c) | Name of the party to the offer with which exempt | FRIENDS LIFE GROUP LIMITED | |||
| principal trader is connected | |||||
| (d) | Date position held/dealing undertaken: | 24 November 2014 | |||
| (e) | Has the EPT previously disclosed, or is it | YES: | |||
| today disclosing, under the Code in respect | AVIVA PLC | ||||
| of any other party to this offer? |
2. POSITIONS OF THE EXEMPT PRINCIPAL TRADER
(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: | ORD | ||||||||||
| Interests | Short Positions | ||||||||||
| Number | (%) | Number | (%) | ||||||||
| (1) | Relevant securities owned | ||||||||||
| and/or controlled: | 3,707,521 | 0.26% | 1,746,490 | 0.12% | |||||||
| (2) | Derivatives (other than | ||||||||||
| options): | 1,447,313 | 0.10% | 1,990,586 | 0.14% | |||||||
| (3) | Options and agreements to | ||||||||||
| purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||||||
| (4) | |||||||||||
| TOTAL: | 5,154,834 | 0.37% | 3,737,076 | 0.26% | |||||||
All interests and all short positions should be disclosed.
Details of any open derivative or option positions, or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).
(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: |
If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.
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 | ||||||
| ORD | Purchase | 199 | 3.6410 GBP | ||||
| ORD | Purchase | 241 | 3.6534 GBP | ||||
| ORD | Purchase | 247 | 3.7315 GBP | ||||
| ORD | Purchase | 340 | 3.6800 GBP | ||||
| ORD | Purchase | 355 | 3.6869 GBP | ||||
| ORD | Purchase | 359 | 3.6540 GBP | ||||
| ORD | Purchase | 359 | 3.6579 GBP | ||||
| ORD | Purchase | 359 | 3.6580 GBP | ||||
| ORD | Purchase | 393 | 3.6394 GBP | ||||
| ORD | Purchase | 405 | 3.6289 GBP | ||||
| ORD | Purchase | 432 | 3.7480 GBP | ||||
| ORD | Purchase | 438 | 3.6694 GBP | ||||
| ORD | Purchase | 440 | 3.6589 GBP | ||||
| ORD | Purchase | 447 | 3.6735 GBP | ||||
| ORD | Purchase | 495 | 3.6445 GBP | ||||
| ORD | Purchase | 500 | 3.6490 GBP | ||||
| ORD | Purchase | 518 | 3.6745 GBP | ||||
| ORD | Purchase | 518 | 3.6753 GBP | ||||
| ORD | Purchase | 529 | 3.6269 GBP | ||||
| ORD | Purchase | 530 | 3.6535 GBP | ||||
| ORD | Purchase | 568 | 3.6529 GBP | ||||
| ORD | Purchase | 622 | 3.6860 GBP | ||||
| ORD | Purchase | 622 | 3.6868 GBP | ||||
| ORD | Purchase | 626 | 3.6460 GBP | ||||
| ORD | Purchase | 628 | 3.7484 GBP | ||||
| ORD | Purchase | 633 | 3.6599 GBP | ||||
| ORD | Purchase | 701 | 3.6544 GBP | ||||
| ORD | Purchase | 701 | 3.6575 GBP | ||||
| ORD | Purchase | 701 | 3.6584 GBP | ||||
| ORD | Purchase | 782 | 3.6699 GBP | ||||
| ORD | Purchase | 813 | 3.7310 GBP | ||||
| ORD | Purchase | 824 | 3.6429 GBP | ||||
| ORD | Purchase | 837 | 3.6585 GBP | ||||
| ORD | Purchase | 878 | 3.6348 GBP | ||||
| ORD | Purchase | 878 | 3.6525 GBP | ||||
| ORD | Purchase | 924 | 3.6710 GBP | ||||
| ORD | Purchase | 985 | 3.6360 GBP | ||||
| ORD | Purchase | 1,005 | 3.6339 GBP | ||||
| ORD | Purchase | 1,028 | 3.6729 GBP | ||||
| ORD | Purchase | 1,037 | 3.6875 GBP | ||||
| ORD | Purchase | 1,037 | 3.6900 GBP | ||||
| ORD | Purchase | 1,060 | 3.6235 GBP | ||||
| ORD | Purchase | 1,060 | 3.6280 GBP | ||||
| ORD | Purchase | 1,060 | 3.6309 GBP | ||||
| ORD | Purchase | 1,060 | 3.6320 GBP | ||||
| ORD | Purchase | 1,060 | 3.6355 GBP | ||||
| ORD | Purchase | 1,060 | 3.6370 GBP | ||||
| ORD | Purchase | 1,060 | 3.6679 GBP | ||||
| ORD | Purchase | 1,064 | 3.6435 GBP | ||||
| ORD | Purchase | 1,072 | 3.6569 GBP | ||||
| ORD | Purchase | 1,073 | 3.6300 GBP | ||||
| ORD | Purchase | 1,086 | 3.6520 GBP | ||||
| ORD | Purchase | 1,089 | 3.6805 GBP | ||||
| ORD | Purchase | 1,091 | 3.6450 GBP | ||||
| ORD | Purchase | 1,093 | 3.6625 GBP | ||||
| ORD | Purchase | 1,095 | 3.6615 GBP | ||||
| ORD | Purchase | 1,128 | 3.6225 GBP | ||||
| ORD | Purchase | 1,133 | 3.6559 GBP | ||||
| ORD | Purchase | 1,161 | 3.6475 GBP | ||||
| ORD | Purchase | 1,169 | 3.6595 GBP | ||||
| ORD | Purchase | 1,169 | 3.6693 GBP | ||||
| ORD | Purchase | 1,180 | 3.6700 GBP | ||||
| ORD | Purchase | 1,182 | 3.6325 GBP | ||||
| ORD | Purchase | 1,201 | 3.6350 GBP | ||||
| ORD | Purchase | 1,239 | 3.6400 GBP | ||||
| ORD | Purchase | 1,244 | 3.6874 GBP | ||||
| ORD | Purchase | 1,268 | 3.6359 GBP | ||||
| ORD | Purchase | 1,275 | 3.6609 GBP | ||||
| ORD | Purchase | 1,328 | 3.6395 GBP | ||||
| ORD | Purchase | 1,359 | 3.6530 GBP | ||||
| ORD | Purchase | 1,392 | 3.6865 GBP | ||||
| ORD | Purchase | 1,412 | 3.6795 GBP | ||||
| ORD | Purchase | 1,448 | 3.6740 GBP | ||||
| ORD | Purchase | 1,574 | 3.6565 GBP | ||||
| ORD | Purchase | 1,649 | 3.6265 GBP | ||||
| ORD | Purchase | 1,676 | 3.6285 GBP | ||||
| ORD | Purchase | 1,791 | 3.6685 GBP | ||||
| ORD | Purchase | 1,816 | 3.6785 GBP | ||||
| ORD | Purchase | 1,868 | 3.6425 GBP | ||||
| ORD | Purchase | 1,874 | 3.6560 GBP | ||||
| ORD | Purchase | 1,903 | 3.6369 GBP | ||||
| ORD | Purchase | 2,005 | 3.6419 GBP | ||||
| ORD | Purchase | 2,088 | 3.6725 GBP | ||||
| ORD | Purchase | 2,279 | 3.6390 GBP | ||||
| ORD | Purchase | 2,467 | 3.6385 GBP | ||||
| ORD | Purchase | 2,482 | 3.6640 GBP | ||||
| ORD | Purchase | 2,506 | 3.6415 GBP | ||||
| ORD | Purchase | 2,544 | 3.6375 GBP | ||||
| ORD | Purchase | 2,594 | 3.6340 GBP | ||||
| ORD | Purchase | 2,933 | 3.6405 GBP | ||||
| ORD | Purchase | 3,245 | 3.6539 GBP | ||||
| ORD | Purchase | 3,416 | 3.6315 GBP | ||||
| ORD | Purchase | 3,519 | 3.6305 GBP | ||||
| ORD | Purchase | 3,583 | 3.6299 GBP | ||||
| ORD | Purchase | 3,827 | 3.6600 GBP | ||||
| ORD | Purchase | 5,125 | 3.6409 GBP | ||||
| ORD | Purchase | 5,805 | 3.6765 GBP | ||||
| ORD | Purchase | 13,268 | 3.6550 GBP | ||||
| ORD | Purchase | 13,831 | 3.6870 GBP | ||||
| ORD | Purchase | 14,432 | 3.6378 GBP | ||||
| ORD | Purchase | 15,318 | 3.6190 GBP | ||||
| ORD | Purchase | 16,333 | 3.6551 GBP | ||||
| ORD | Purchase | 16,373 | 3.6724 GBP | ||||
| ORD | Purchase | 23,976 | 3.6738 GBP | ||||
| ORD | Purchase | 28,914 | 3.6997 GBP | ||||
| ORD | Purchase | 34,917 | 3.6561 GBP | ||||
| ORD | Purchase | 63,708 | 3.6578 GBP | ||||
| ORD | Purchase | 84,987 | 3.6820 GBP | ||||
| ORD | Purchase | 93,531 | 3.6651 GBP | ||||
| ORD | Purchase | 113,329 | 3.6275 GBP | ||||
| ORD | Purchase | 130,292 | 3.6288 GBP | ||||
| ORD | Purchase | 150,484 | 3.6626 GBP | ||||
| ORD | Purchase | 250,000 | 3.7292 GBP | ||||
| ORD | Purchase | 487,764 | 3.6571 GBP | ||||
| ORD | Purchase | 535,258 | 3.6331 GBP | ||||
| ORD | Purchase | 568,183 | 3.7050 GBP | ||||
| ORD | Purchase | 2,413,023 | 3.6823 GBP | ||||
| ORD | Sale | 199 | 3.6410 GBP | ||||
| ORD | Sale | 241 | 3.6534 GBP | ||||
| ORD | Sale | 247 | 3.7315 GBP | ||||
| ORD | Sale | 335 | 3.6870 GBP | ||||
| ORD | Sale | 340 | 3.6800 GBP | ||||
| ORD | Sale | 355 | 3.6869 GBP | ||||
| ORD | Sale | 359 | 3.6540 GBP | ||||
| ORD | Sale | 359 | 3.6579 GBP | ||||
| ORD | Sale | 359 | 3.6580 GBP | ||||
| ORD | Sale | 393 | 3.6394 GBP | ||||
| ORD | Sale | 405 | 3.6289 GBP | ||||
| ORD | Sale | 432 | 3.7480 GBP | ||||
| ORD | Sale | 438 | 3.6694 GBP | ||||
| ORD | Sale | 440 | 3.6589 GBP | ||||
| ORD | Sale | 447 | 3.6735 GBP | ||||
| ORD | Sale | 495 | 3.6445 GBP | ||||
| ORD | Sale | 500 | 3.6490 GBP | ||||
| ORD | Sale | 518 | 3.6745 GBP | ||||
| ORD | Sale | 518 | 3.6753 GBP | ||||
| ORD | Sale | 529 | 3.6269 GBP | ||||
| ORD | Sale | 530 | 3.6535 GBP | ||||
| ORD | Sale | 568 | 3.6529 GBP | ||||
| ORD | Sale | 622 | 3.6868 GBP | ||||
| ORD | Sale | 626 | 3.6460 GBP | ||||
| ORD | Sale | 628 | 3.7484 GBP | ||||
| ORD | Sale | 633 | 3.6599 GBP | ||||
| ORD | Sale | 701 | 3.6544 GBP | ||||
| ORD | Sale | 701 | 3.6575 GBP | ||||
| ORD | Sale | 701 | 3.6584 GBP | ||||
| ORD | Sale | 782 | 3.6699 GBP | ||||
| ORD | Sale | 813 | 3.7310 GBP | ||||
| ORD | Sale | 824 | 3.6429 GBP | ||||
| ORD | Sale | 878 | 3.6348 GBP | ||||
| ORD | Sale | 878 | 3.6525 GBP | ||||
| ORD | Sale | 924 | 3.6710 GBP | ||||
| ORD | Sale | 985 | 3.6360 GBP | ||||
| ORD | Sale | 1,005 | 3.6339 GBP | ||||
| ORD | Sale | 1,028 | 3.6729 GBP | ||||
| ORD | Sale | 1,037 | 3.6875 GBP | ||||
| ORD | Sale | 1,037 | 3.6900 GBP | ||||
| ORD | Sale | 1,060 | 3.6235 GBP | ||||
| ORD | Sale | 1,060 | 3.6280 GBP | ||||
| ORD | Sale | 1,060 | 3.6309 GBP | ||||
| ORD | Sale | 1,060 | 3.6320 GBP | ||||
| ORD | Sale | 1,060 | 3.6355 GBP | ||||
| ORD | Sale | 1,060 | 3.6370 GBP | ||||
| ORD | Sale | 1,060 | 3.6679 GBP | ||||
| ORD | Sale | 1,064 | 3.6435 GBP | ||||
| ORD | Sale | 1,072 | 3.6569 GBP | ||||
| ORD | Sale | 1,073 | 3.6300 GBP | ||||
| ORD | Sale | 1,086 | 3.6520 GBP | ||||
| ORD | Sale | 1,089 | 3.6805 GBP | ||||
| ORD | Sale | 1,091 | 3.6450 GBP | ||||
| ORD | Sale | 1,093 | 3.6625 GBP | ||||
| ORD | Sale | 1,095 | 3.6615 GBP | ||||
| ORD | Sale | 1,128 | 3.6225 GBP | ||||
| ORD | Sale | 1,133 | 3.6559 GBP | ||||
| ORD | Sale | 1,161 | 3.6475 GBP | ||||
| ORD | Sale | 1,169 | 3.6595 GBP | ||||
| ORD | Sale | 1,169 | 3.6693 GBP | ||||
| ORD | Sale | 1,180 | 3.6700 GBP | ||||
| ORD | Sale | 1,182 | 3.6325 GBP | ||||
| ORD | Sale | 1,201 | 3.6350 GBP | ||||
| ORD | Sale | 1,239 | 3.6400 GBP | ||||
| ORD | Sale | 1,244 | 3.6874 GBP | ||||
| ORD | Sale | 1,268 | 3.6359 GBP | ||||
| ORD | Sale | 1,275 | 3.6609 GBP | ||||
| ORD | Sale | 1,328 | 3.6395 GBP | ||||
| ORD | Sale | 1,359 | 3.6530 GBP | ||||
| ORD | Sale | 1,412 | 3.6795 GBP | ||||
| ORD | Sale | 1,448 | 3.6740 GBP | ||||
| ORD | Sale | 1,574 | 3.6565 GBP | ||||
| ORD | Sale | 1,649 | 3.6265 GBP | ||||
| ORD | Sale | 1,676 | 3.6285 GBP | ||||
| ORD | Sale | 1,791 | 3.6685 GBP | ||||
| ORD | Sale | 1,816 | 3.6785 GBP | ||||
| ORD | Sale | 1,868 | 3.6425 GBP | ||||
| ORD | Sale | 1,874 | 3.6560 GBP | ||||
| ORD | Sale | 1,903 | 3.6369 GBP | ||||
| ORD | Sale | 2,005 | 3.6419 GBP | ||||
| ORD | Sale | 2,088 | 3.6725 GBP | ||||
| ORD | Sale | 2,094 | 3.6190 GBP | ||||
| ORD | Sale | 2,279 | 3.6390 GBP | ||||
| ORD | Sale | 2,467 | 3.6385 GBP | ||||
| ORD | Sale | 2,482 | 3.6640 GBP | ||||
| ORD | Sale | 2,506 | 3.6415 GBP | ||||
| ORD | Sale | 2,544 | 3.6375 GBP | ||||
| ORD | Sale | 2,594 | 3.6340 GBP | ||||
| ORD | Sale | 2,933 | 3.6405 GBP | ||||
| ORD | Sale | 3,245 | 3.6539 GBP | ||||
| ORD | Sale | 3,416 | 3.6315 GBP | ||||
| ORD | Sale | 3,519 | 3.6305 GBP | ||||
| ORD | Sale | 3,827 | 3.6600 GBP | ||||
| ORD | Sale | 5,125 | 3.6409 GBP | ||||
| ORD | Sale | 10,564 | 3.6516 GBP | ||||
| ORD | Sale | 10,880 | 3.6889 GBP | ||||
| ORD | Sale | 11,279 | 3.6879 GBP | ||||
| ORD | Sale | 13,268 | 3.6550 GBP | ||||
| ORD | Sale | 22,606 | 3.6865 GBP | ||||
| ORD | Sale | 36,171 | 3.6996 GBP | ||||
| ORD | Sale | 36,780 | 3.6820 GBP | ||||
| ORD | Sale | 40,000 | 3.7335 GBP | ||||
| ORD | Sale | 49,768 | 3.6606 GBP | ||||
| ORD | Sale | 69,271 | 3.6713 GBP | ||||
| ORD | Sale | 75,576 | 3.6882 GBP | ||||
| ORD | Sale | 91,810 | 3.6758 GBP | ||||
| ORD | Sale | 131,464 | 3.6860 GBP | ||||
| ORD | Sale | 133,241 | 3.6517 GBP | ||||
| ORD | Sale | 175,837 | 3.6585 GBP | ||||
| ORD | Sale | 212,272 | 3.6794 GBP | ||||
| ORD | Sale | 250,000 | 3.7386 GBP | ||||
| ORD | Sale | 319,536 | 3.6844 GBP | ||||
| ORD | Sale | 353,583 | 3.6299 GBP | ||||
| ORD | Sale | 370,086 | 3.6531 GBP | ||||
| ORD | Sale | 439,480 | 3.6960 GBP | ||||
| ORD | Sale | 866,000 | 3.6825 GBP | ||||
| ORD | Sale | 870,000 | 3.6441 GBP |
(b) Derivatives transactions (other than options)
| Class of | Product | Nature of dealing | Number of | Price per | |||||
| relevant | description | reference | unit | ||||||
| security | securities | ||||||||
| ORD | CFD | Long | 2 | 3.6950 GBP | |||||
| ORD | SWAP | Long | 1,149 | 3.6770 GBP | |||||
| ORD | CFD | Long | 1,563 | 3.7487 GBP | |||||
| ORD | SWAP | Long | 1,685 | 3.6439 GBP | |||||
| ORD | SWAP | Long | 2,100 | 3.6936 GBP | |||||
| ORD | SWAP | Long | 2,337 | 3.6413 GBP | |||||
| ORD | CFD | Long | 7,500 | 3.6567 GBP | |||||
| ORD | SWAP | Long | 9,120 | 3.6962 GBP | |||||
| ORD | CFD | Long | 10,000 | 3.6545 GBP | |||||
| ORD | CFD | Long | 10,000 | 3.6747 GBP | |||||
| ORD | CFD | Long | 15,000 | 3.7402 GBP | |||||
| ORD | SWAP | Long | 22,320 | 3.6549 GBP | |||||
| ORD | CFD | Long | 35,000 | 3.6797 GBP | |||||
| ORD | CFD | Long | 49,768 | 3.6606 GBP | |||||
| ORD | CFD | Long | 50,000 | 3.7407 GBP | |||||
| ORD | CFD | Long | 50,000 | 3.7422 GBP | |||||
| ORD | CFD | Long | 130,842 | 3.6857 GBP | |||||
| ORD | CFD | Long | 150,000 | 3.7023 GBP | |||||
| ORD | CFD | Long | 285,000 | 3.6574 GBP | |||||
| ORD | SWAP | Long | 333,475 | 3.6519 GBP | |||||
| ORD | CFD | Short | 1,563 | 3.7482 GBP | |||||
| ORD | SWAP | Short | 3,152 | 3.6469 GBP | |||||
| ORD | CFD | Short | 20,000 | 3.7003 GBP | |||||
| ORD | SWAP | Short | 23,976 | 3.6738 GBP | |||||
| ORD | CFD | Short | 31,237 | 3.6514 GBP | |||||
| ORD | CFD | Short | 34,917 | 3.6560 GBP | |||||
| ORD | CFD | Short | 62,294 | 3.6720 GBP | |||||
| ORD | CFD | Short | 63,708 | 3.6578 GBP | |||||
| ORD | CFD | Short | 100,534 | 3.7016 GBP | |||||
| ORD | CFD | Short | 150,484 | 3.6626 GBP | |||||
| ORD | CFD | Short | 387,569 | 3.7040 GBP |
(c) Options transactions in respect of existing securities
(i) Writing, selling, purchasing or varying
| Class of relevant security | Product description e.g. call option | Writing, purchasing, selling, varying etc. | Number of securities to which option relates | Exercise price per unit | Type e.g. American, European etc. | Expiry date | Option money paid/ received per unit |
(ii) Exercising
| Class of relevant security | Product description e.g. call option | Number of securities | Exercise price per unit |
(d) Other dealings (including subscribing for new securities)
| Class of relevant security | Nature of dealing e.g. subscription, conversion | Details | Price per unit (if applicable) |
The currency of all prices and other monetary amounts should be stated.
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.
4. OTHER INFORMATION
(a) Indemnity and other dealing 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: If there are no such agreements, arrangements or understandings, state “none” |
| NONE |
(b) Agreements, arrangements or understandings relating to options or derivatives
| Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader 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 or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state “none” |
| NONE |
(c) Attachments
| Is a Supplemental Form 8 (Open Positions) attached? | NO | |
| Date of disclosure: | 25 Nov 2014 | |
| Contact name: | Rajesh Muthanna | |
| Telephone number: | 020 3555 4634 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at [email protected]. The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s dealing disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.
Copyright Business Wire 2014
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