30th Jan 2025 11:34
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: | 29 January 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 | 3,735,759 | 5.1400 GBP | 5.0900 GBP |
32 17/19p ordinary | Sales | 1,513,727 | 5.1380 GBP | 5.0860 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 | 3,608 | 5.0900 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 116 | 5.1003 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 12,813 | 5.1029 GBP |
32 17/19p ordinary | CFD | Opening a short position | 8,921 | 5.1051 GBP |
32 17/19p ordinary | CFD | Opening a long position | 156,910 | 5.1065 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 9 | 5.1067 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 456 | 5.1070 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 281 | 5.1082 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 4,870 | 5.1090 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 150 | 5.1092 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 14 | 5.1092 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 34 | 5.1092 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 549 | 5.1092 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 531 | 5.1095 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,193 | 5.1095 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 305 | 5.1095 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 125 | 5.1106 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 54 | 5.1107 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 20,728 | 5.1110 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,317 | 5.1110 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 624 | 5.1110 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,846 | 5.1110 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,032 | 5.1110 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 875 | 5.1110 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 591 | 5.1110 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 12,752 | 5.1110 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 10,439 | 5.1110 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,686 | 5.1114 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,131 | 5.1114 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 889 | 5.1114 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,090 | 5.1114 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,554 | 5.1114 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 542 | 5.1114 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 3,342 | 5.1114 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 3,321 | 5.1114 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,123 | 5.1114 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,130 | 5.1114 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 3,342 | 5.1114 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 4 | 5.1114 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 22,766 | 5.1114 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 201 | 5.1114 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,090 | 5.1114 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,578 | 5.1114 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,577 | 5.1114 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 2,423 | 5.1114 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 786 | 5.1114 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,661 | 5.1114 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 215 | 5.1114 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 3,412 | 5.1114 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 137 | 5.1116 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 308 | 5.1116 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 10,600 | 5.1118 GBP |
32 17/19p ordinary | CFD | Opening a short position | 1,893 | 5.1127 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 247 | 5.1129 GBP |
32 17/19p ordinary | CFD | Opening a long position | 20,790 | 5.1130 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 908 | 5.1130 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 2,057 | 5.1132 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 1,242 | 5.1133 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 325,188 | 5.1134 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 401 | 5.1136 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 1,755 | 5.1138 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 8,921 | 5.1139 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 24,297 | 5.1140 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 66 | 5.1140 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 33 | 5.1140 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 4,960 | 5.1140 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 22,237 | 5.1140 GBP |
32 17/19p ordinary | CFD | Opening a short position | 4,106 | 5.1142 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 2,170 | 5.1144 GBP |
32 17/19p ordinary | CFD | Opening a short position | 36,653 | 5.1146 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 144 | 5.1148 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 62,200 | 5.1171 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 2,057 | 5.1188 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,893 | 5.1203 GBP |
32 17/19p ordinary | CFD | Opening a long position | 99 | 5.1203 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 12,200 | 5.1228 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 2,585 | 5.1330 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 |
32 17/19p ordinary | Call Option | Exercising | 351,727 | 5.0623 GBP |
(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: | 30 January 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