8th May 2025 11:45
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: | 07 May 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 | 3,167,881 | 5.8260 GBP | 5.7540 GBP |
32 17/19p ordinary | Sales | 3,640,456 | 5.8270 GBP | 5.7490 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 | 345,914 | 5.7520 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 45,527 | 5.7531 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 140,907 | 5.7542 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 163 | 5.7598 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 5,482 | 5.7667 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 6,053 | 5.7706 GBP |
32 17/19p ordinary | CFD | Opening a short position | 4,258 | 5.7757 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 1,200 | 5.7776 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 544 | 5.7794 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 69,899 | 5.7796 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 11,868 | 5.7798 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 5,219 | 5.7800 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 1,418 | 5.7800 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 167 | 5.7800 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 352 | 5.7800 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 212 | 5.7804 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 12,673 | 5.7825 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 906 | 5.7827 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 244 | 5.7827 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 27 | 5.7827 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 57 | 5.7827 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 12,469 | 5.7850 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 55,545 | 5.7862 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 1,131 | 5.7863 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 313 | 5.7863 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 37 | 5.7863 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 78 | 5.7863 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 85 | 5.7871 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,212 | 5.7871 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 329 | 5.7871 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 49 | 5.7871 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 981 | 5.7880 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 3,236 | 5.7880 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 12,958 | 5.7883 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,842 | 5.7884 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 5,051 | 5.7888 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 41 | 5.7918 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 41,706 | 5.7923 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 310 | 5.7939 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 100 | 5.7941 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 22,260 | 5.7949 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,954 | 5.7961 GBP |
32 17/19p ordinary | CFD | Opening a long position | 34,263 | 5.7969 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,500 | 5.7994 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 4,600 | 5.7995 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 21,328 | 5.7999 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 292 | 5.8010 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 1,941 | 5.8015 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 527 | 5.8015 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 83 | 5.8015 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 144 | 5.8015 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,010 | 5.8026 GBP |
32 17/19p ordinary | CFD | Opening a short position | 1,988 | 5.8038 GBP |
32 17/19p ordinary | CFD | Opening a short position | 781 | 5.8038 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 15,028 | 5.8038 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 4,021 | 5.8038 GBP |
32 17/19p ordinary | CFD | Opening a short position | 29,139 | 5.8038 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 447 | 5.8038 GBP |
32 17/19p ordinary | CFD | Opening a short position | 7,999 | 5.8038 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 943 | 5.8038 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 187 | 5.8041 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 2,878 | 5.8041 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 780 | 5.8041 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 140 | 5.8041 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 344 | 5.8043 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 30,239 | 5.8044 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 559 | 5.8067 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 152 | 5.8067 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 67,034 | 5.8069 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 34,263 | 5.8073 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 22,220 | 5.8094 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,789 | 5.8096 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 429 | 5.8096 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 130 | 5.8100 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,983 | 5.8100 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 538 | 5.8100 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 128,231 | 5.8123 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 20,000 | 5.8131 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 10,298 | 5.8132 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 38,261 | 5.8151 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 8,836 | 5.8151 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 11,125 | 5.8151 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 17,692 | 5.8151 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 12,865 | 5.8151 GBP |
32 17/19p ordinary | CFD | Opening a long position | 23,190 | 5.8153 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,304 | 5.8154 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 31,600 | 5.8155 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 40,466 | 5.8156 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,967 | 5.8156 GBP |
32 17/19p ordinary | CFD | Opening a long position | 78,696 | 5.8159 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 6,734 | 5.8159 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 330 | 5.8159 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 75,685 | 5.8160 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 2,649 | 5.8160 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 132,043 | 5.8160 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 145 | 5.8161 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 104,983 | 5.8161 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 19,088 | 5.8161 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 575 | 5.8161 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 538 | 5.8164 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 1,704 | 5.8165 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 642 | 5.8167 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 7,332 | 5.8167 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,990 | 5.8167 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 264 | 5.8167 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 2,198 | 5.8168 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 597 | 5.8168 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 71 | 5.8168 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 173 | 5.8168 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 1,325 | 5.8169 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 359 | 5.8169 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 67 | 5.8169 GBP |
32 17/19p ordinary | CFD | Opening a long position | 2,649 | 5.8177 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 14,226 | 5.8180 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: | 08 May 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