25th Jun 2025 11:46
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: | 24 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 | 2,494,927 | 6.2960 GBP | 6.1880 GBP |
32 17/19p ordinary | Sales | 1,383,7791,100,000 | 6.2960 GBP7.3731 EUR | 6.1871 GBP7.3731 EUR |
(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 long position | 137 | 6.1871 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 485 | 6.1871 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 11,819 | 6.1876 GBP |
32 17/19p ordinary | CFD | Opening a long position | 13,816 | 6.1879 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 96,251 | 6.1880 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 7,017 | 6.1880 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 166,860 | 6.1880 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 95,700 | 6.1880 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 17,891 | 6.1880 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 49 | 6.1880 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 84,351 | 6.1880 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 22,957 | 6.1881 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 122,265 | 6.1881 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 100 | 6.1888 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 4,870 | 6.1888 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,325 | 6.1888 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 261 | 6.1888 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 15,597 | 6.1892 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 3,875 | 6.1909 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 62,271 | 6.1929 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 2,718 | 6.1940 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 32 | 6.1940 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 83 | 6.1940 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 116 | 6.1940 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 65 | 6.1940 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 2,523 | 6.1983 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 17 | 6.1991 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 61 | 6.1991 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 120,540 | 6.1997 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 12,600 | 6.1997 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 4,239 | 6.2007 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 206,400 | 6.2016 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 2,400 | 6.2018 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 2,817 | 6.2018 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 4,893 | 6.2048 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 2,589 | 6.2048 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 44,605 | 6.2051 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 733 | 6.2059 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 9,471 | 6.2060 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 3,062 | 6.2064 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 2,360 | 6.2065 GBP |
32 17/19p ordinary | CFD | Opening a long position | 704 | 6.2088 GBP |
32 17/19p ordinary | CFD | Opening a long position | 600 | 6.2088 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 11 | 6.2090 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 3 | 6.2090 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 41 | 6.2090 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 5 | 6.2090 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 18,931 | 6.2107 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 391 | 6.2111 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 46 | 6.2112 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 206 | 6.2116 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 6,848 | 6.2118 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 8,764 | 6.2126 GBP |
32 17/19p ordinary | CFD | Opening a long position | 754 | 6.2127 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 848 | 6.2127 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 288 | 6.2132 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 79 | 6.2132 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 9 | 6.2132 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 20 | 6.2140 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 15 | 6.2140 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 4 | 6.2140 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1 | 6.2140 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 112 | 6.2149 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 18,454 | 6.2162 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 5 | 6.2169 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 79 | 6.2169 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 22 | 6.2169 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 12 | 6.2169 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 132 | 6.2169 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 18 | 6.2169 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 483 | 6.2169 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 36 | 6.2169 GBP |
32 17/19p ordinary | CFD | Opening a short position | 7,017 | 6.2170 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 858 | 6.2170 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 265,833 | 6.2172 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 348 | 6.2173 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 22,032 | 6.2180 GBP |
32 17/19p ordinary | CFD | Opening a long position | 17,940 | 6.2192 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,630 | 6.2192 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 600 | 6.2205 GBP |
32 17/19p ordinary | CFD | Opening a short position | 848 | 6.2205 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 236 | 6.2205 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 6 | 6.2205 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 510 | 6.2205 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 3 | 6.2229 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 349 | 6.2229 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 95 | 6.2229 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 12 | 6.2229 GBP |
32 17/19p ordinary | CFD | Opening a long position | 858 | 6.2232 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 31,181 | 6.2243 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 540 | 6.2249 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 18,891 | 6.2249 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 5,141 | 6.2249 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,220 | 6.2249 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 186 | 6.2250 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 51 | 6.2250 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 16 | 6.2250 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 125,599 | 6.2251 GBP |
32 17/19p ordinary | CFD | Opening a short position | 7,330 | 6.2314 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 3,434 | 6.2315 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 15,800 | 6.2325 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 52,100 | 6.2330 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 13,816 | 6.2331 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 84 | 6.2352 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 13 | 6.2352 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 309 | 6.2352 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 25 | 6.2352 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 406,870 | 6.2364 GBP |
32 17/19p ordinary | CFD | Opening a short position | 1,630 | 6.2379 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 4 | 6.2482 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 2,290 | 6.2575 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,212 | 6.2575 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 14,300 | 6.2589 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 75 | 6.2680 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 2 | 6.2680 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 55 | 6.2680 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 15 | 6.2680 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 3 | 6.2680 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 77 | 6.2686 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 857 | 6.2809 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 90 | 6.2809 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 3,148 | 6.2809 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 204 | 6.2809 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 888 | 6.2900 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 485 | 6.2909 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: | 25 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