23rd May 2025 11:49
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: | 22 May 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 | 2,601,962 | 6.1049 GBP | 6.0400 GBP |
32 17/19p ordinary | Sales | 2,824,561 | 6.1040 GBP | 6.0390 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 | Increasing a short position | 18 | 6.0471 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 283 | 6.0501 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 200 | 6.0504 GBP |
32 17/19p ordinary | CFD | Opening a short position | 57 | 6.0522 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 11,243 | 6.0524 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,405 | 6.0531 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 8,871 | 6.0540 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 2,460 | 6.0549 GBP |
32 17/19p ordinary | CFD | Opening a long position | 16,524 | 6.0552 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 3,678 | 6.0553 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 13,400 | 6.0554 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 2,405 | 6.0555 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 17,305 | 6.0556 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,420 | 6.0558 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 31,774 | 6.0565 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 858 | 6.0566 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 12,925 | 6.0566 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 3,505 | 6.0566 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 400 | 6.0566 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 8,500 | 6.0570 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 29,413 | 6.0578 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 4,732 | 6.0578 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 598 | 6.0578 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 8,558 | 6.0582 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 528 | 6.0585 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 8,021 | 6.0585 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 2,174 | 6.0585 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 246 | 6.0585 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 2,821 | 6.0586 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 110,229 | 6.0606 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 62 | 6.0610 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 264 | 6.0611 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 3,948 | 6.0611 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,076 | 6.0611 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 123 | 6.0611 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 877 | 6.0614 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 7,154 | 6.0620 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 3,334 | 6.0631 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 77 | 6.0633 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,173 | 6.0633 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 318 | 6.0633 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 34 | 6.0633 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 32,355 | 6.0638 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 2,212 | 6.0641 GBP |
32 17/19p ordinary | CFD | Opening a short position | 1,109 | 6.0641 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 4,314 | 6.0641 GBP |
32 17/19p ordinary | CFD | Opening a short position | 2,161 | 6.0641 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 37,798 | 6.0645 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 4,793 | 6.0650 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 98 | 6.0659 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 103 | 6.0660 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 390 | 6.0674 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 5,934 | 6.0674 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,609 | 6.0674 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 173 | 6.0674 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 23,356 | 6.0680 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,107 | 6.0696 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 974 | 6.0699 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 5,097 | 6.0701 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 73 | 6.0708 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,103 | 6.0708 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 301 | 6.0708 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 32 | 6.0708 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 5,400 | 6.0733 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 796 | 6.0735 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,208 | 6.0741 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,292 | 6.0744 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 11,567 | 6.0762 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 6,589 | 6.0762 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 5,299 | 6.0783 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 2,705 | 6.0787 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 57 | 6.0791 GBP |
32 17/19p ordinary | CFD | Opening a long position | 2,214 | 6.0791 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 61 | 6.0811 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 178 | 6.0818 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 2,733 | 6.0818 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 741 | 6.0818 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 128 | 6.0833 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,963 | 6.0833 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 532 | 6.0833 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 11 | 6.0846 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,364 | 6.0882 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 370 | 6.0882 GBP |
32 17/19p ordinary | CFD | Opening a short position | 6,153 | 6.0883 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,683 | 6.0884 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 3,497 | 6.0899 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 957 | 6.0922 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 260 | 6.0922 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 451 | 6.0928 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 241 | 6.0928 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 440 | 6.0931 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 125 | 6.0931 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 9,334 | 6.0962 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 178,227 | 6.0963 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 32,800 | 6.0967 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 19,228 | 6.0978 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 5,011 | 6.0984 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 5,970 | 6.0997 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 29,287 | 6.1018 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 2,257 | 6.1026 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 32,191 | 6.1026 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 8,722 | 6.1026 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,052 | 6.1026 GBP |
32 17/19p ordinary | CFD | Opening a long position | 546 | 6.1028 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 41,492 | 6.1031 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 1,020 | 6.1032 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 825 | 6.1032 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 3 | 6.1034 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 749 | 6.1034 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 643 | 6.1034 GBP |
32 17/19p ordinary | CFD | Opening a long position | 77,208 | 6.1038 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 6,859 | 6.1039 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 5,421 | 6.1039 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 8,968 | 6.1039 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 6,601 | 6.1039 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,179 | 6.1040 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 104,333 | 6.1040 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 2,214 | 6.1040 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 16,524 | 6.1041 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 717 | 6.1041 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 24,008 | 6.1041 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 2,826 | 6.1043 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 1,450 | 6.1043 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 114,973 | 6.1046 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 133 | 6.1048 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 689 | 6.1048 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 473 | 6.1048 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 149,939 | 6.1048 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 128 | 6.1048 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 187 | 6.1048 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 2,667 | 6.1049 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 1,572 | 6.1049 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 74 | 6.1049 GBP |
32 17/19p ordinary | SWAP | Opening a long position | 49,880 | 8.1715 USD |
32 17/19p ordinary | SWAP | Reducing a long position | 49,880 | 8.1715 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: | 23 May 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