11th Apr 2025 11:42
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: | 10 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 | 2,005,190 | 5.1660 GBP | 4.9520 GBP |
32 17/19p ordinary | Sales | 2,265,878 | 5.1440 GBP | 4.9520 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 | 2,708 | 4.9623 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 169 | 4.9625 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 7,188 | 4.9629 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 49,003 | 4.9630 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 311 | 4.9630 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 74,976 | 4.9630 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 21,349 | 4.9631 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 10,730 | 4.9631 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 3,756 | 4.9631 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 10,494 | 4.9631 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 67,430 | 4.9633 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 48,894 | 4.9634 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 470 | 4.9636 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 110 | 4.9637 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 7,887 | 4.9637 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 6,044 | 4.9637 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 1,917 | 4.9637 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 174 | 4.9637 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 814 | 4.9637 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 364 | 4.9640 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 2,382 | 4.9640 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 26,427 | 4.9649 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 6,544 | 4.9651 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 58,950 | 4.9658 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 3,357 | 4.9664 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 42,355 | 4.9688 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 11,327 | 4.9699 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 18 | 4.9702 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 12,430 | 4.9721 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 25,236 | 4.9721 GBP |
32 17/19p ordinary | CFD | Opening a long position | 1,464 | 4.9725 GBP |
32 17/19p ordinary | CFD | Opening a long position | 2,744 | 4.9725 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 392,632 | 4.9729 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,411 | 4.9735 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 4,777 | 4.9735 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 9,083 | 4.9738 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 108 | 4.9754 GBP |
32 17/19p ordinary | CFD | Opening a short position | 7,705 | 4.9761 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 6,122 | 4.9764 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 49,372 | 4.9778 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 807 | 4.9781 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 44,257 | 4.9791 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 96,899 | 4.9805 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 24,605 | 4.9809 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 758 | 4.9813 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 3,537 | 4.9818 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 471 | 4.9820 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 4 | 4.9840 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 4 | 4.9840 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 56,000 | 4.9841 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 84,854 | 4.9857 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 827 | 4.9886 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 5,034 | 4.9888 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 76,021 | 4.9897 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 261,695 | 4.9901 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 70,633 | 4.9901 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 7,670 | 4.9901 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 16,485 | 4.9901 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,584 | 4.9915 GBP |
32 17/19p ordinary | CFD | Opening a short position | 49,003 | 4.9920 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,745 | 4.9931 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 504 | 4.9937 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 44,958 | 4.9979 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 4,117 | 5.0002 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,965 | 5.0008 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 243 | 5.0011 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,286 | 5.0091 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 4,309 | 5.0095 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 29,750 | 5.0134 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 81 | 5.0157 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 5,621 | 5.0158 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 9,772 | 5.0191 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 800 | 5.0211 GBP |
32 17/19p ordinary | CFD | Opening a long position | 1,673 | 5.0221 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 38,600 | 5.0235 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 553 | 5.0351 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 157 | 5.0351 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 18 | 5.0351 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 37 | 5.0351 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 107,588 | 5.0391 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 46,626 | 5.0416 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 76,105 | 5.0440 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 321 | 5.0457 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 7,219 | 5.0479 GBP |
32 17/19p ordinary | CFD | Opening a short position | 813 | 5.0509 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 1,673 | 5.0509 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 113,555 | 5.0527 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 529 | 5.0566 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 17,800 | 5.0599 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 652 | 5.0681 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 20,187 | 5.0723 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 121 | 5.0896 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 8,007 | 5.0902 GBP |
32 17/19p ordinary | CFD | Opening a short position | 7,640 | 5.0941 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 140 | 5.0946 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,899 | 5.0959 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,195 | 5.1027 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 7,037 | 5.1058 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 14,286 | 5.1058 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 650 | 5.1165 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 720 | 5.1323 GBP |
32 17/19p ordinary | CFD | Opening a long position | 3,528 | 5.1348 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 4,955 | 5.1355 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: | 11 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