10th Apr 2025 17:00
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: | 09 April 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 | 2,041,411 | 5.0920 GBP | 4.9290 GBP |
32 17/19p ordinary | Sales | 1,970,599 | 5.0960 GBP | 4.9510 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 long position | 1,279 | 4.9635 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 2,599 | 4.9635 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 3,927 | 4.9655 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 2,670 | 4.9676 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 11,542 | 4.9703 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 89,582 | 4.9719 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 55 | 4.9725 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 302 | 4.9738 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 3,906 | 4.9831 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 8,700 | 4.9848 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 100 | 4.9849 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 9,350 | 4.9851 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 27 | 4.9867 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 17 | 4.9867 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 2 | 4.9867 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 4 | 4.9867 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 61,182 | 4.9870 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 508 | 4.9879 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 15,951 | 4.9900 GBP |
32 17/19p ordinary | CFD | Opening a short position | 18,168 | 4.9905 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 8 | 4.9908 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 155 | 4.9908 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 13 | 4.9908 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 36 | 4.9908 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 56,407 | 4.9964 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 21,903 | 4.9964 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 31,094 | 4.9970 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 23,331 | 4.9974 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,655 | 4.9978 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 70,072 | 4.9981 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 2,237 | 4.9989 GBP |
32 17/19p ordinary | CFD | Opening a long position | 7,269 | 4.9994 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 700 | 5.0013 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 20,148 | 5.0014 GBP |
32 17/19p ordinary | CFD | Opening a long position | 36,116 | 5.0015 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 24,472 | 5.0016 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 25,171 | 5.0019 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 9,921 | 5.0019 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 10,019 | 5.0019 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 55,405 | 5.0019 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 6,904 | 5.0019 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 5,257 | 5.0019 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 18,168 | 5.0019 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 44,420 | 5.0020 GBP |
32 17/19p ordinary | CFD | Opening a long position | 250,347 | 5.0020 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 250,347 | 5.0020 GBP |
32 17/19p ordinary | CFD | Opening a short position | 20,996 | 5.0020 GBP |
32 17/19p ordinary | CFD | Opening a long position | 75,862 | 5.0020 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 20,996 | 5.0020 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 3,966 | 5.0020 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 1,600 | 5.0020 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 539 | 5.0020 GBP |
32 17/19p ordinary | CFD | Opening a long position | 22,237 | 5.0020 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 139,919 | 5.0020 GBP |
32 17/19p ordinary | CFD | Opening a long position | 78,041 | 5.0020 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 379,386 | 5.0020 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 179,078 | 5.0020 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 75,862 | 5.0020 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 815,912 | 5.0020 GBP |
32 17/19p ordinary | CFD | Opening a short position | 179,078 | 5.0020 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 65,453 | 5.0020 GBP |
32 17/19p ordinary | CFD | Opening a long position | 65,453 | 5.0020 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 78,041 | 5.0020 GBP |
32 17/19p ordinary | CFD | Opening a short position | 815,912 | 5.0020 GBP |
32 17/19p ordinary | CFD | Opening a short position | 139,919 | 5.0020 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 180,785 | 5.0020 GBP |
32 17/19p ordinary | CFD | Opening a long position | 108,136 | 5.0020 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 108,136 | 5.0020 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 527,158 | 5.0020 GBP |
32 17/19p ordinary | CFD | Opening a long position | 527,158 | 5.0020 GBP |
32 17/19p ordinary | CFD | Opening a long position | 379,386 | 5.0020 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 22,237 | 5.0020 GBP |
32 17/19p ordinary | CFD | Opening a long position | 6,105 | 5.0021 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 60 | 5.0021 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 539 | 5.0022 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 115 | 5.0025 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 4,800 | 5.0025 GBP |
32 17/19p ordinary | CFD | Opening a short position | 125 | 5.0026 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 322 | 5.0027 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,375 | 5.0030 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 15,595 | 5.0032 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 15,178 | 5.0040 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 31,717 | 5.0045 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 93,228 | 5.0045 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 246 | 5.0051 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 5,600 | 5.0053 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 9,000 | 5.0062 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 86,100 | 5.0062 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 148,656 | 5.0067 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 23,500 | 5.0071 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 84 | 5.0094 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 253 | 5.0094 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 1,661 | 5.0112 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 125 | 5.0119 GBP |
32 17/19p ordinary | CFD | Opening a long position | 470 | 5.0119 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 363 | 5.0150 GBP |
32 17/19p ordinary | CFD | Opening a short position | 60 | 5.0162 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 5,620 | 5.0174 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 7,560 | 5.0174 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 2,708 | 5.0174 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 28,246 | 5.0203 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 18,657 | 5.0227 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 26,310 | 5.0233 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 162 | 5.0268 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 43 | 5.0268 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 4 | 5.0268 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 10 | 5.0268 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 9,473 | 5.0277 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 783 | 5.0288 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 4,934 | 5.0306 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 3,673 | 5.0310 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 3,895 | 5.0412 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 649 | 5.0452 GBP |
32 17/19p ordinary | CFD | Opening a short position | 381 | 5.0507 GBP |
32 17/19p ordinary | CFD | Opening a short position | 3 | 5.0710 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,739 | 5.0803 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 11 | 5.0805 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 20 | 5.0807 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: | 10 April 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