13th May 2025 11:47
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: | 12 May 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 | 2,696,289 | 5.9040 GBP | 5.6830 GBP |
32 17/19p ordinary | Sales | 2,539,750 | 5.9200 GBP | 5.6800 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 | Reducing a short position | 33,214 | 5.6982 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 219 | 5.7056 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 34,819 | 5.7193 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 657 | 5.7312 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 5,856 | 5.7366 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 27,467 | 5.7390 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 34,061 | 5.7390 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 7,609 | 5.7466 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 298 | 5.7487 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 356 | 5.7498 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 3,682 | 5.7498 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 998 | 5.7498 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 157 | 5.7498 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 196,746 | 5.7512 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 653 | 5.7513 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 4,365 | 5.7513 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,183 | 5.7513 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 288 | 5.7513 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 1,205 | 5.7521 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 15,495 | 5.7531 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 19,089 | 5.7531 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 21,304 | 5.7541 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,226 | 5.7544 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 5,458 | 5.7544 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 14,321 | 5.7544 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 11,135 | 5.7544 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 19,825 | 5.7544 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 11,984 | 5.7544 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 24,587 | 5.7544 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 3,355 | 5.7544 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 37,005 | 5.7552 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 461 | 5.7555 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 168 | 5.7556 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,820 | 5.7556 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 493 | 5.7556 GBP |
32 17/19p ordinary | CFD | Opening a short position | 74 | 5.7562 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 15 | 5.7562 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 7,060 | 5.7567 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 2,662 | 5.7567 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 16 | 5.7581 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 27,580 | 5.7582 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 480 | 5.7587 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 1,402 | 5.7588 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 3,066 | 5.7590 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 832 | 5.7590 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 488,051 | 5.7606 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 14,646 | 5.7618 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 12,836 | 5.7629 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 2,456 | 5.7631 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 791 | 5.7631 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1 | 5.7631 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 196 | 5.7633 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 124,419 | 5.7634 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 2,469 | 5.7634 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 57,400 | 5.7636 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 279,116 | 5.7639 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 14,974 | 5.7639 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 122,411 | 5.7639 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 201 | 5.7640 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 708 | 5.7640 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 25,918 | 5.7640 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 9 | 5.7640 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 19,010 | 5.7641 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 158,853 | 5.7641 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 5,384 | 5.7644 GBP |
32 17/19p ordinary | CFD | Opening a short position | 105 | 5.7646 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 11,807 | 5.7646 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 234 | 5.7647 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 4 | 5.7647 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 71 | 5.7648 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 599 | 5.7652 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 3,113 | 5.7653 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 844 | 5.7653 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 755 | 5.7678 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 205 | 5.7678 GBP |
32 17/19p ordinary | CFD | Opening a long position | 909 | 5.7756 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 74 | 5.7756 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 46 | 5.7757 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 187 | 5.7792 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,784 | 5.7792 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 484 | 5.7792 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 82 | 5.7792 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 201 | 5.7808 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 4,108 | 5.7810 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 392 | 5.7818 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 375 | 5.7818 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 5,962 | 5.7818 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,607 | 5.7818 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 179 | 5.7818 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 764 | 5.7820 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 147,136 | 5.7848 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 7,022 | 5.7976 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 860 | 5.8027 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1 | 5.8074 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 2,847 | 5.8094 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 36,188 | 5.8147 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 1,404 | 5.8172 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 19 | 5.8229 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 282 | 5.8229 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 76 | 5.8229 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 9 | 5.8229 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 102 | 5.8262 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,285 | 5.8262 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 349 | 5.8262 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 45 | 5.8262 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 64 | 5.8274 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 2,388 | 5.8285 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 648 | 5.8285 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 980 | 5.8297 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 800 | 5.8341 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 5,121 | 5.8375 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 84 | 5.8640 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 374 | 5.8646 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 4,000 | 5.8776 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,534 | 5.8859 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 865 | 5.8879 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: | 13 May 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