2nd Apr 2025 11:45
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: | 01 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 | 9,156,237 | 5.6180 GBP | 5.5120 GBP |
32 17/19p ordinary | Sales | 2,691,335 | 5.6256 GBP | 5.5120 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 | Opening a long position | 4,500 | 5.5226 GBP |
32 17/19p ordinary | CFD | Opening a long position | 3,800 | 5.5226 GBP |
32 17/19p ordinary | CFD | Opening a long position | 400 | 5.5226 GBP |
32 17/19p ordinary | CFD | Opening a long position | 100 | 5.5226 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 3,622 | 5.5287 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 30,000 | 5.5287 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 23,126 | 5.5287 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 42,736 | 5.5287 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 25,048 | 5.5287 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 11,351 | 5.5287 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 51,016 | 5.5287 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 7,085 | 5.5287 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 98,400 | 5.5408 GBP |
32 17/19p ordinary | CFD | Opening a short position | 12,842 | 5.5420 GBP |
32 17/19p ordinary | CFD | Opening a long position | 200 | 5.5465 GBP |
32 17/19p ordinary | CFD | Opening a long position | 5,900 | 5.5466 GBP |
32 17/19p ordinary | CFD | Opening a long position | 7,600 | 5.5466 GBP |
32 17/19p ordinary | CFD | Opening a long position | 700 | 5.5466 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 945 | 5.5520 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,626 | 5.5520 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 1,518 | 5.5520 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 1,003 | 5.5520 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 573 | 5.5520 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 623 | 5.5520 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 205 | 5.5550 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 520 | 5.5552 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 39,409 | 5.5563 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 3,562 | 5.5569 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 812 | 5.5569 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 8,910 | 5.5569 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 5,868 | 5.5569 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 2,155 | 5.5569 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 15,879 | 5.5569 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 9,955 | 5.5569 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 113 | 5.5569 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,777 | 5.5569 GBP |
32 17/19p ordinary | CFD | Opening a short position | 2,063 | 5.5574 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,055 | 5.5595 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 67,800 | 5.5596 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 12,242 | 5.5628 GBP |
32 17/19p ordinary | CFD | Opening a long position | 5,000 | 5.5629 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 15,577 | 5.5631 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 12,988 | 5.5631 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 28,377 | 5.5634 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,300 | 5.5669 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 15,448 | 5.5672 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 8,116 | 5.5679 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 843 | 5.5699 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 2,220 | 5.5699 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 85 | 5.5699 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 200 | 5.5699 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 5,335 | 5.5700 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 500 | 5.5707 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 30 | 5.5714 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 4,388 | 5.5716 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,058 | 5.5723 GBP |
32 17/19p ordinary | CFD | Opening a short position | 4,744 | 5.5758 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 84 | 5.5762 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 13 | 5.5762 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 835 | 5.5762 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 29 | 5.5762 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 53 | 5.5768 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 22 | 5.5768 GBP |
32 17/19p ordinary | CFD | Opening a long position | 3,800 | 5.5781 GBP |
32 17/19p ordinary | CFD | Opening a long position | 2,900 | 5.5781 GBP |
32 17/19p ordinary | CFD | Opening a long position | 300 | 5.5781 GBP |
32 17/19p ordinary | CFD | Opening a long position | 100 | 5.5781 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 57,000 | 5.5818 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 52 | 5.5822 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 2,132 | 5.5829 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 2,063 | 5.5834 GBP |
32 17/19p ordinary | CFD | Opening a long position | 1,407 | 5.5834 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 78,881 | 5.5839 GBP |
32 17/19p ordinary | CFD | Opening a long position | 1,258 | 5.5849 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 23,358 | 5.5849 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,383 | 5.5852 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 43,452 | 5.5858 GBP |
32 17/19p ordinary | CFD | Opening a short position | 20,763 | 5.5860 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 806 | 5.5860 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 601 | 5.5860 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 6,710,960 | 5.5860 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 115,783 | 5.5860 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 8,849 | 5.5860 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 30,859 | 5.5864 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 826 | 5.5866 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 6,859 | 5.5866 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 4,869 | 5.5866 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 9,530 | 5.5866 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 5,735 | 5.5866 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 2,566 | 5.5866 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 10,750 | 5.5866 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,615 | 5.5866 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 52 | 5.5867 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 32,385 | 5.5868 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 7,384 | 5.5868 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 6,260 | 5.5868 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 2,844 | 5.5870 GBP |
32 17/19p ordinary | CFD | Opening a long position | 39,409 | 5.5873 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 7,113 | 5.5889 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 98 | 5.5899 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 29 | 5.5912 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 17 | 5.5912 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 21 | 5.5912 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 127 | 5.5913 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 3,673 | 5.6100 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 431 | 5.6100 GBP |
32 17/19p ordinary | SWAP | Reducing a long position | 4,098 | 7.2193 USD |
(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: | 02 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