28th Feb 2025 11:19
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: | 27 February 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 | 4,050,900 | 5.4800 GBP | 5.1584 GBP |
32 17/19p ordinary | Sales | 8,630,640 | 5.4800 GBP | 5.2060 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 long position | 38,887 | 5.1585 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,445,242 | 5.2060 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,228,384 | 5.2060 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,445,242 | 5.2060 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 77,814 | 5.2585 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 20,847 | 5.2585 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 2,291 | 5.2585 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 4,867 | 5.2585 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 1,017 | 5.2668 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 272 | 5.2668 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 30 | 5.2668 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 64 | 5.2668 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 97 | 5.2737 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 800 | 5.2765 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 3,723 | 5.2901 GBP |
32 17/19p ordinary | CFD | Opening a short position | 2,519 | 5.2907 GBP |
32 17/19p ordinary | CFD | Opening a short position | 16,307 | 5.2928 GBP |
32 17/19p ordinary | CFD | Opening a short position | 250,000 | 5.2966 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 12,053 | 5.3009 GBP |
32 17/19p ordinary | CFD | Opening a short position | 5,779 | 5.3073 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 785 | 5.3073 GBP |
32 17/19p ordinary | CFD | Opening a short position | 2,745 | 5.3073 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 373 | 5.3073 GBP |
32 17/19p ordinary | CFD | Opening a short position | 3,262 | 5.3302 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 94 | 5.3377 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 5,277 | 5.3437 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 27 | 5.3447 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 7 | 5.3447 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 2 | 5.3447 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 10,576 | 5.3553 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 39,461 | 5.3553 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,169 | 5.3553 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 2,469 | 5.3553 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 5,263 | 5.3637 GBP |
32 17/19p ordinary | CFD | Opening a short position | 87,402 | 5.3673 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 3,590 | 5.3673 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 2,680 | 5.3714 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,398 | 5.3714 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 7,499 | 5.3714 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 3,295 | 5.3714 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,957 | 5.3714 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 4,198 | 5.3714 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 2,555 | 5.3714 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 86 | 5.3714 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,773 | 5.3714 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 13,617 | 5.3727 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 71,500 | 5.3746 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,319 | 5.3752 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 253 | 5.3786 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,922 | 5.3786 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,354 | 5.3786 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 3,059 | 5.3786 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,749 | 5.3786 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 800 | 5.3786 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 3,341 | 5.3786 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 496 | 5.3786 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 50,300 | 5.3845 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 100,652 | 5.3925 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 5,355 | 5.3941 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 2,544 | 5.3941 GBP |
32 17/19p ordinary | CFD | Opening a short position | 40,888 | 5.3946 GBP |
32 17/19p ordinary | CFD | Opening a long position | 100 | 5.3959 GBP |
32 17/19p ordinary | CFD | Opening a long position | 300 | 5.3959 GBP |
32 17/19p ordinary | CFD | Opening a long position | 4,000 | 5.3959 GBP |
32 17/19p ordinary | CFD | Opening a long position | 2,900 | 5.3959 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 14,300 | 5.3962 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,841 | 5.4042 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 77,255 | 5.4067 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 54,232 | 5.4165 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 37,192 | 5.4228 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 4 | 5.4265 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 641 | 5.4338 GBP |
32 17/19p ordinary | CFD | Opening a long position | 8,254 | 5.4338 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 9,173 | 5.4416 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 52 | 5.4496 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 10,179 | 5.4527 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 38,002 | 5.4527 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,117 | 5.4527 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 2,373 | 5.4527 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,900 | 5.4571 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 223,400 | 5.4571 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 31,700 | 5.4571 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 8,430 | 5.4574 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 201 | 5.4596 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 734 | 5.4596 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 27 | 5.4596 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 46 | 5.4596 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 24,856 | 5.4639 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 422 | 5.4644 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 6,160 | 5.4649 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 7,396 | 5.4665 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 11,046 | 5.4669 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,549 | 5.4676 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,404 | 5.4676 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 8,073 | 5.4676 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 331 | 5.4680 GBP |
32 17/19p ordinary | CFD | Opening a short position | 25,588 | 5.4680 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 8,254 | 5.4680 GBP |
32 17/19p ordinary | CFD | Opening a short position | 1,260 | 5.4688 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 1,602 | 5.4688 GBP |
32 17/19p ordinary | CFD | Opening a short position | 641 | 5.4702 GBP |
32 17/19p ordinary | CFD | Opening a short position | 50,000 | 5.4785 GBP |
32 17/19p ordinary | SWAP | Opening a long position | 81,192 | 6.6631 USD |
32 17/19p ordinary | SWAP | Reducing a long position | 81,192 | 6.6631 USD |
32 17/19p ordinary | SWAP | Reducing a long position | 1,161 | 6.9081 USD |
32 17/19p ordinary | SWAP | Reducing a long position | 715 | 6.9081 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: | 28 February 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