17th Jun 2025 12:01
FORM 8.5 (EPT/RI)
PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY
Rule 8.5 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Name of exempt principal trader: | (GS) GOLDMAN SACHS INTERNATIONAL |
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | AVIVA PLC |
(c) Name of the party to the offer with which exempt principal trader is connected: | AVIVA PLC |
(d) Date dealing undertaken: | 16 June 2025 |
(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state "N/A" | YES - disclosing today for DIRECT LINE INSURANCE GROUP PLC |
2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.
The currency of all prices and other monetary amounts should be stated.
(a) Purchases and sales
Class of relevant security | Purchases/ sales
| Total number of securities | Highest price per unit paid/received | Lowest price per unit paid/received |
32 17/19p ordinary | Purchases | 1,916,186 | 6.0780 GBP | 6.0280 GBP |
32 17/19p ordinary | Sales | 7,051,895 | 6.0800 GBP | 6.0300 GBP |
(b) Cash-settled derivative transactions
Class of relevant security | Product description e.g. CFD | Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position | Number of reference securities | Price per unit |
32 17/19p ordinary | CFD | Reducing a short position | 392 | 6.0389 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 213 | 6.0391 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,379 | 6.0420 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,379 | 6.0420 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 137 | 6.0441 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 617 | 6.0454 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 85,109 | 6.0455 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 110,618 | 6.0461 GBP |
32 17/19p ordinary | CFD | Opening a long position | 316 | 6.0472 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 19,400 | 6.0474 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 185 | 6.0490 GBP |
32 17/19p ordinary | CFD | Opening a short position | 2,093 | 6.0491 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 357 | 6.0491 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 15,000 | 6.0511 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 2,422 | 6.0513 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 657 | 6.0513 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 259 | 6.0513 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 171 | 6.0513 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 11,688 | 6.0518 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 228,878 | 6.0518 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 119,185 | 6.0519 GBP |
32 17/19p ordinary | CFD | Opening a short position | 179 | 6.0522 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 392 | 6.0522 GBP |
32 17/19p ordinary | CFD | Opening a long position | 357 | 6.0526 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 10,441 | 6.0528 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 199 | 6.0534 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 143,749 | 6.0545 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 15,198 | 6.0548 GBP |
32 17/19p ordinary | CFD | Opening a short position | 99,074 | 6.0549 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 2,418 | 6.0551 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 400 | 6.0551 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,466 | 6.0551 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 607 | 6.0552 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 36,070 | 6.0554 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 140 | 6.0557 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 625 | 6.0557 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,914 | 6.0557 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 165 | 6.0557 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 3,443 | 6.0560 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 49,335 | 6.0560 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 671 | 6.0562 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 2,906 | 6.0562 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 129 | 6.0562 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 268,617 | 6.0563 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 41,212 | 6.0563 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 485,491 | 6.0567 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 5 | 6.0574 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 48 | 6.0574 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 178 | 6.0574 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 12 | 6.0574 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 7,705 | 6.0578 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 142 | 6.0580 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 412 | 6.0580 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,514 | 6.0580 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 193 | 6.0580 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 15,017 | 6.0582 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 99,952 | 6.0584 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 60 | 6.0589 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 2,137 | 6.0590 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 676 | 6.0591 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 9 | 6.0591 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 44 | 6.0591 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 161 | 6.0591 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 10 | 6.0591 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 27 | 6.0591 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 39 | 6.0591 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 270 | 6.0592 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 700 | 6.0595 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,147 | 6.0595 GBP |
32 17/19p ordinary | CFD | Opening a long position | 430 | 6.0595 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 4,500 | 6.0595 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 14,665 | 6.0596 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 111,864 | 6.0598 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 183,326 | 6.0599 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 99,074 | 6.0599 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,047 | 6.0600 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 36,069 | 6.0600 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 2,093 | 6.0600 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 316 | 6.0600 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 179 | 6.0600 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 102 | 6.0600 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 304 | 6.0606 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 103,245 | 6.0608 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 1,092 | 6.0609 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 607 | 6.0609 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 681 | 6.0609 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 1,612 | 6.0609 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 20,171 | 6.0611 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 185 | 6.0612 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 16,253 | 6.0612 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 67,559 | 6.0618 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 619 | 6.0625 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 383 | 6.0629 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 104 | 6.0629 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 25 | 6.0629 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 11 | 6.0629 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 17,386 | 6.0637 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 2 | 6.0638 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 16 | 6.0640 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 59 | 6.0640 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 3 | 6.0640 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 72 | 6.0640 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 4,396 | 6.0648 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 18,592 | 6.0662 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 6,219 | 6.0685 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 202 | 6.0690 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 1,821 | 6.0701 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 2,316 | 6.0701 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 408 | 6.0710 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 417 | 6.0729 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 114 | 6.0729 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 773 | 6.0751 GBP |
(c) Stock-settled derivative transactions (including options)
(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) Exercise
Class of relevant security | Product description e.g. call option | Exercising / exercised against | 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) |
|
3. 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: Irrevocable commitments and letters of intent should not be included. 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
|
| Date of disclosure: | 17 June 2025 |
| Contact name: | Papa Lette and Andrzej Szyszka |
| Telephone number: | +33(1) 4212 1459 / +48(22) 317 4817 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
Related Shares:
Aviva