15th Apr 2025 09:47
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: | 14 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 | 8,704,834 | 5.1400 GBP | 5.0640 GBP |
32 17/19p ordinary | Sales | 2,234,075 | 5.1400 GBP | 5.0480 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 | 1,555 | 5.0557 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 4,709 | 5.0709 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,683 | 5.0755 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 112 | 5.0790 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 19,289 | 5.0799 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 2,752 | 5.0816 GBP |
32 17/19p ordinary | CFD | Opening a short position | 33,932 | 5.0823 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 7,800 | 5.0824 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 74,419 | 5.0836 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 16,905 | 5.0838 GBP |
32 17/19p ordinary | CFD | Opening a short position | 7,476 | 5.0841 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 562 | 5.0848 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 152 | 5.0848 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 20 | 5.0848 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 38 | 5.0848 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 3,392 | 5.0854 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 20,212 | 5.0857 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 9,871 | 5.0858 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 542 | 5.0862 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 2 | 5.0868 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,081 | 5.0887 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,855 | 5.0890 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 800 | 5.0897 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 319 | 5.0898 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 8,973 | 5.0909 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 172 | 5.0920 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 14,488 | 5.0940 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 2,259 | 5.0944 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 144 | 5.0945 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 34,814 | 5.0948 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 23,978 | 5.0958 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,386 | 5.0963 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 200 | 5.0963 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 552 | 5.0967 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 206 | 5.0980 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,396 | 5.1004 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 493 | 5.1014 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 3,965 | 5.1023 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 3,505 | 5.1024 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 19,626 | 5.1066 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 13,115 | 5.1071 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 495 | 5.1073 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 70,423 | 5.1114 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 169 | 5.1117 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 16,100 | 5.1135 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 654 | 5.1142 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 8,923 | 5.1142 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,097 | 5.1142 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 31,523 | 5.1142 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 24,066 | 5.1142 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 4,531 | 5.1142 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 15,085 | 5.1142 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 548 | 5.1142 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 2,886 | 5.1152 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 33,932 | 5.1153 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 18,745 | 5.1159 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 13,054 | 5.1169 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 10,640 | 5.1169 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 18,249 | 5.1169 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 10,893 | 5.1169 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 4,971 | 5.1169 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 23,530 | 5.1169 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 3,066 | 5.1169 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,118 | 5.1169 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 7,344 | 5.1170 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,211 | 5.1175 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 594 | 5.1176 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 4,922 | 5.1179 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 9,373 | 5.1180 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 169,724 | 5.1180 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 22,413 | 5.1180 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 13,703 | 5.1181 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 7,447 | 5.1181 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 781 | 5.1181 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 13,462 | 5.1181 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 3,435 | 5.1181 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 141 | 5.1181 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 9,445 | 5.1185 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 456 | 5.1186 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 5,942 | 5.1190 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 10,126 | 5.1196 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 89,335 | 5.1196 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 29,984 | 5.1196 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 636 | 5.1198 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 593 | 5.1198 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,197 | 5.1241 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 16,401 | 5.1289 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 27,313 | 5.1289 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 14,492 | 5.1289 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 13,724 | 5.1289 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 6,329 | 5.1289 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 59,957 | 5.1289 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 3,537 | 5.1289 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,242 | 5.1289 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: | 15 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