3rd Jun 2025 11:33
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: | 02 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 | 2,026,456 | 6.2020 GBP | 6.0880 GBP |
32 17/19p ordinary | Sales | 2,454,871 | 6.1990 GBP | 6.0880 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 | Increasing a short position | 1,010 | 6.0886 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 2 | 6.0887 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 377 | 6.1159 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 100 | 6.1209 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 732 | 6.1247 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 157 | 6.1264 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 4,940 | 6.1287 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 11,485 | 6.1287 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 4,790 | 6.1290 GBP |
32 17/19p ordinary | CFD | Opening a short position | 260 | 6.1302 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,333 | 6.1311 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 34,300 | 6.1315 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 4,100 | 6.1322 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 16,800 | 6.1333 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 2,640 | 6.1344 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 2,041 | 6.1348 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 4,366 | 6.1349 GBP |
32 17/19p ordinary | CFD | Opening a long position | 796 | 6.1369 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 260 | 6.1369 GBP |
32 17/19p ordinary | CFD | Opening a short position | 556 | 6.1376 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 16,140 | 6.1415 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 402 | 6.1418 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 772 | 6.1418 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,233 | 6.1442 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 19,719 | 6.1475 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 1,932 | 6.1483 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 50,964 | 6.1484 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 13,900 | 6.1490 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 105,000 | 6.1493 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 6,200 | 6.1493 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 86,319 | 6.1546 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 8,853 | 6.1565 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 14,296 | 6.1566 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 61,796 | 6.1571 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 38,919 | 6.1571 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 23,817 | 6.1616 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 4,182 | 6.1628 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 2,009 | 6.1644 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 77,973 | 6.1667 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 3,135 | 6.1683 GBP |
32 17/19p ordinary | CFD | Opening a short position | 87,320 | 6.1719 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 507 | 6.1732 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,100 | 6.1738 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 118,161 | 6.1752 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 22 | 6.1761 GBP |
32 17/19p ordinary | CFD | Opening a long position | 2,704 | 6.1811 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 20,367 | 6.1812 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 362,110 | 6.1813 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 33,009 | 6.1813 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 72,220 | 6.1814 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 5,601 | 6.1816 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 556 | 6.1820 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 796 | 6.1820 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 63,409 | 6.1820 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 69,034 | 6.1820 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 1,044 | 6.1821 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 3,373 | 6.1821 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 80,861 | 6.1822 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 39,686 | 6.1822 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 6,316 | 6.1822 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 135,933 | 6.1822 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 158,356 | 6.1822 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 51,081 | 6.1824 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 397 | 6.1828 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 198 | 6.1829 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 22,530 | 6.1834 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 18,524 | 6.1842 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 20,478 | 6.1866 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 23,688 | 6.1922 GBP |
32 17/19p ordinary | SWAP | Reducing a long position | 6,070 | 8.3784 USD |
(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: | 03 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