27th Feb 2025 11:30
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: | 26 February 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 | 3,003,558 | 5.2710 GBP | 5.0840 GBP |
32 17/19p ordinary | Sales | 2,087,494 | 5.2720 GBP | 5.0880 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 | 382 | 5.0880 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 3,313 | 5.0888 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 11,468 | 5.0965 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 4,409 | 5.0977 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 47 | 5.1130 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 15,236 | 5.1269 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 130 | 5.1306 GBP |
32 17/19p ordinary | CFD | Opening a short position | 2,340 | 5.1328 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 86,010 | 5.1564 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 795 | 5.1601 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 30,131 | 5.1606 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 11,900 | 5.1635 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 4,367 | 5.1731 GBP |
32 17/19p ordinary | CFD | Opening a short position | 4,795 | 5.1765 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,888 | 5.1830 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 985 | 5.1830 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 5,284 | 5.1830 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 2,322 | 5.1830 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,379 | 5.1830 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 2,958 | 5.1830 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,800 | 5.1830 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 61 | 5.1830 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,249 | 5.1830 GBP |
32 17/19p ordinary | CFD | Opening a long position | 9,500 | 5.1880 GBP |
32 17/19p ordinary | CFD | Opening a long position | 80,000 | 5.1880 GBP |
32 17/19p ordinary | CFD | Opening a long position | 110,600 | 5.1880 GBP |
32 17/19p ordinary | CFD | Opening a long position | 2,500 | 5.1880 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 2,137 | 5.1891 GBP |
32 17/19p ordinary | CFD | Opening a long position | 905 | 5.1891 GBP |
32 17/19p ordinary | CFD | Opening a short position | 219,973 | 5.1921 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 414 | 5.1963 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 121 | 5.1963 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 22 | 5.1963 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 26 | 5.1963 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 50,500 | 5.1973 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 22,500 | 5.2045 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 13,020 | 5.2071 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 35,847 | 5.2075 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 2,506 | 5.2088 GBP |
32 17/19p ordinary | CFD | Opening a long position | 19,944 | 5.2145 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 11,199 | 5.2154 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 22,599 | 5.2157 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 46,470 | 5.2157 GBP |
32 17/19p ordinary | CFD | Opening a short position | 2,137 | 5.2186 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 99 | 5.2204 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 3,217 | 5.2252 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 97,300 | 5.2269 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 31,800 | 5.2269 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,800 | 5.2269 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 76 | 5.2393 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 68,953 | 5.2441 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 10,200 | 5.2454 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 28,925 | 5.2460 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 3,264 | 5.2471 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,602 | 5.2472 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 7,600 | 5.2472 GBP |
32 17/19p ordinary | CFD | Opening a long position | 1,602 | 5.2472 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 3,612 | 5.2476 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,218 | 5.2476 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 33,293 | 5.2480 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,043 | 5.2480 GBP |
32 17/19p ordinary | CFD | Opening a short position | 1,043 | 5.2480 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 872 | 5.2480 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 27 | 5.2480 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 6 | 5.2480 GBP |
32 17/19p ordinary | CFD | Opening a short position | 443,297 | 5.2480 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 19,944 | 5.2481 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 2,235 | 5.2497 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 1,696 | 5.2503 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 9,240 | 5.2532 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 825 | 5.2683 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 175 | 5.2683 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 139 | 5.2690 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 41 | 5.2690 GBP |
32 17/19p ordinary | CFD | Opening a long position | 195 | 5.2690 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 7 | 5.2690 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 8 | 5.2690 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,400 | 5.2692 GBP |
32 17/19p ordinary | CFD | Opening a long position | 373 | 5.2694 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 81 | 5.2694 GBP |
32 17/19p ordinary | CFD | Opening a long position | 785 | 5.2695 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 172 | 5.2695 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,400 | 5.2702 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,025 | 5.2703 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 380 | 5.2712 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: | 27 February 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.