8th Apr 2025 16:49
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: | 07 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 | 3,594,066 | 5.1980 GBP | 4.8680 GBP |
32 17/19p ordinary | Sales | 5,506,291 | 5.2030 GBP | 4.8630 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 | 4,504 | 4.8975 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 14,938 | 4.9008 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 9,690 | 4.9026 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 10 | 4.9054 GBP |
32 17/19p ordinary | CFD | Opening a long position | 7,558 | 4.9054 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 13,311 | 4.9056 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 3 | 4.9060 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 3,172 | 4.9065 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 58,926 | 4.9090 GBP |
32 17/19p ordinary | CFD | Opening a long position | 500 | 4.9133 GBP |
32 17/19p ordinary | CFD | Opening a long position | 400 | 4.9133 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 3,200 | 4.9195 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 115,312 | 4.9259 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 24,140 | 4.9291 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 31,108 | 4.9302 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 7,558 | 4.9306 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 188,895 | 4.9307 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,624 | 4.9309 GBP |
32 17/19p ordinary | CFD | Opening a long position | 31,108 | 4.9310 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 761 | 4.9310 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 5,107 | 4.9310 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 7,838 | 4.9310 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 20,441 | 4.9311 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,544 | 4.9311 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 1,194 | 4.9314 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 724 | 4.9314 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 238 | 4.9316 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,931 | 4.9317 GBP |
32 17/19p ordinary | CFD | Opening a short position | 2,679 | 4.9317 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 1,490 | 4.9317 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,899 | 4.9320 GBP |
32 17/19p ordinary | CFD | Opening a long position | 1,691 | 4.9332 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 3,134 | 4.9346 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 18,397 | 4.9386 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 4,178 | 4.9388 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 17,381 | 4.9404 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 10,352 | 4.9423 GBP |
32 17/19p ordinary | CFD | Opening a long position | 15,300 | 4.9425 GBP |
32 17/19p ordinary | CFD | Opening a long position | 11,800 | 4.9425 GBP |
32 17/19p ordinary | CFD | Opening a long position | 1,400 | 4.9425 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 9 | 4.9445 GBP |
32 17/19p ordinary | CFD | Opening a long position | 1,274 | 4.9448 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 115 | 4.9460 GBP |
32 17/19p ordinary | CFD | Opening a long position | 28,500 | 4.9460 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 29,800 | 4.9463 GBP |
32 17/19p ordinary | CFD | Opening a long position | 700 | 4.9465 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 675 | 4.9473 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 106,690 | 4.9473 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 35,838 | 4.9475 GBP |
32 17/19p ordinary | CFD | Opening a short position | 334 | 4.9481 GBP |
32 17/19p ordinary | CFD | Opening a long position | 1,965 | 4.9492 GBP |
32 17/19p ordinary | CFD | Opening a long position | 1,443 | 4.9492 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,124 | 4.9492 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 55,284 | 4.9494 GBP |
32 17/19p ordinary | CFD | Opening a long position | 57,803 | 4.9495 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 110,098 | 4.9495 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,068 | 4.9504 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 144 | 4.9504 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 4,073 | 4.9504 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 28 | 4.9504 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 407 | 4.9535 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 62,797 | 4.9547 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 41,033 | 4.9552 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 4 | 4.9580 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,427 | 4.9595 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 12,725 | 4.9601 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 171,525 | 4.9609 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 16,587 | 4.9614 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 3,825 | 4.9623 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 4,073 | 4.9637 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 24,989 | 4.9654 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 18,196 | 4.9656 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 262,091 | 4.9663 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,765 | 4.9702 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 9,677 | 4.9716 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 3,986 | 4.9724 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 22,226 | 4.9736 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 18,787 | 4.9740 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 15,517 | 4.9743 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 322 | 4.9743 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 270 | 4.9743 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 540 | 4.9743 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 4,393 | 4.9743 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 2,230 | 4.9743 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 11,846 | 4.9743 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 7,425 | 4.9743 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 3,614 | 4.9747 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 600 | 4.9749 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 100 | 4.9759 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 506 | 4.9764 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 29,233 | 4.9765 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 24,143 | 4.9774 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 11,561 | 4.9774 GBP |
32 17/19p ordinary | CFD | Opening a long position | 12,918 | 4.9775 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 162,213 | 4.9778 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 334 | 4.9808 GBP |
32 17/19p ordinary | CFD | Opening a long position | 5,107 | 4.9808 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 7 | 4.9814 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 376 | 4.9845 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 19,454 | 4.9869 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 4,035 | 4.9886 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,645 | 4.9892 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 3,864 | 4.9905 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 874 | 4.9943 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 36,797 | 5.0042 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,906 | 5.0102 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 15,514 | 5.0228 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 94,905 | 5.0268 GBP |
32 17/19p ordinary | CFD | Opening a long position | 39,923 | 5.0499 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 5,358 | 5.0499 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 2,615 | 5.0500 GBP |
32 17/19p ordinary | CFD | Opening a long position | 19,663 | 5.0500 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,528 | 5.0605 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 172 | 5.0959 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 22 | 5.2540 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 3 | 5.2540 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 108 | 5.2540 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 83 | 5.2540 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: | 08 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