20th Jun 2025 11:59
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: | 19 June 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 | 1,748,327 | 6.1970 GBP | 6.1166 GBP |
32 17/19p ordinary | Sales | 957,324 | 6.1980 GBP | 6.1160 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 | 413 | 6.1132 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,519 | 6.1132 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 99 | 6.1132 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 113 | 6.1162 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 159 | 6.1166 GBP |
32 17/19p ordinary | CFD | Opening a short position | 2,698 | 6.1221 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 42 | 6.1222 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 5 | 6.1230 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1 | 6.1230 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 18 | 6.1230 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1 | 6.1230 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 25 | 6.1230 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 43 | 6.1251 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 600 | 6.1269 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 94 | 6.1282 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,321 | 6.1282 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 4,854 | 6.1282 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 313 | 6.1282 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 5 | 6.1308 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 149 | 6.1321 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,169 | 6.1377 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 254 | 6.1389 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 69 | 6.1389 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 17 | 6.1389 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 7 | 6.1389 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 1,200 | 6.1389 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 65 | 6.1394 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1 | 6.1452 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1 | 6.1452 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 23,675 | 6.1475 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 4,889 | 6.1507 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,032 | 6.1511 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 110 | 6.1511 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 6,552 | 6.1515 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 15,151 | 6.1517 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 524 | 6.1519 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 2,698 | 6.1519 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 13,028 | 6.1520 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 86,647 | 6.1520 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 25,797 | 6.1520 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 175 | 6.1520 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 51,180 | 6.1520 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 3,528 | 6.1520 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 61,041 | 6.1522 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 313,404 | 6.1525 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,227 | 6.1536 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 202 | 6.1537 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 19,409 | 6.1543 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 1,153 | 6.1547 GBP |
32 17/19p ordinary | CFD | Opening a short position | 8,140 | 6.1554 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 5,001 | 6.1561 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 15,822 | 6.1561 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,412 | 6.1567 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 866 | 6.1568 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 22,161 | 6.1582 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 18,124 | 6.1586 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 498 | 6.1587 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 17,900 | 6.1587 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 850 | 6.1592 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 3,512 | 6.1592 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 4,239 | 6.1593 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 2,611 | 6.1600 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 751 | 6.1600 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 143 | 6.1600 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 3,890 | 6.1604 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 3,260 | 6.1604 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 7,502 | 6.1605 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 4,655 | 6.1606 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 7,128 | 6.1607 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 986 | 6.1608 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 261 | 6.1608 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 97 | 6.1608 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 101 | 6.1608 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 10,891 | 6.1611 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 6,214 | 6.1614 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 20,643 | 6.1617 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 66,595 | 6.1620 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 7,830 | 6.1627 GBP |
32 17/19p ordinary | CFD | Opening a long position | 1,118 | 6.1638 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 528 | 6.1638 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,961 | 6.1646 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 534 | 6.1646 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 127 | 6.1646 GBP |
32 17/19p ordinary | CFD | Opening a short position | 12,169 | 6.1652 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 51,180 | 6.1665 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,185 | 6.1667 GBP |
32 17/19p ordinary | CFD | Opening a short position | 285,204 | 6.1669 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 24,450 | 6.1682 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 15,655 | 6.1701 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 13,105 | 6.1701 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 150 | 6.1701 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 227 | 6.1709 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 69 | 6.1709 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 17 | 6.1709 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 7 | 6.1709 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 21,399 | 6.1714 GBP |
32 17/19p ordinary | CFD | Opening a long position | 4,681 | 6.1726 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 71,384 | 6.1778 GBP |
32 17/19p ordinary | CFD | Opening a long position | 175 | 6.1797 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 5,406 | 6.1804 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 10,475 | 6.1806 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 108,285 | 6.1821 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 15,600 | 6.1887 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 117 | 6.1889 GBP |
32 17/19p ordinary | CFD | Opening a short position | 32 | 6.1889 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 7 | 6.1889 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 8 | 6.1889 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 40,582 | 6.1893 GBP |
32 17/19p ordinary | CFD | Opening a short position | 180,312 | 6.1924 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: | 20 June 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