12th Mar 2025 11:42
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: | 11 March 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 | 5,159,651 | 5.3440 GBP | 5.2400 GBP |
32 17/19p ordinary | Sales | 3,105,352 | 5.3440 GBP | 5.2320 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 | 38,159 | 5.2503 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 1,083 | 5.2540 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 6,473 | 5.2557 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 53 | 5.2572 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 110 | 5.2581 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 56 | 5.2582 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 24,202 | 5.2645 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 9,987 | 5.2648 GBP |
32 17/19p ordinary | CFD | Opening a short position | 97 | 5.2649 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 44 | 5.2649 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 194 | 5.2670 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 6,878 | 5.2672 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 74 | 5.2686 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 147 | 5.2686 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 49,628 | 5.2692 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 158 | 5.2712 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 411 | 5.2716 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 47,700 | 5.2716 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,714 | 5.2716 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 6,768 | 5.2719 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 3,420 | 5.2720 GBP |
32 17/19p ordinary | CFD | Opening a short position | 38,736 | 5.2721 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 19,953 | 5.2723 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 145 | 5.2727 GBP |
32 17/19p ordinary | CFD | Opening a long position | 3,420 | 5.2744 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 2,015 | 5.2744 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 145,830 | 5.2750 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 139,386 | 5.2750 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 7 | 5.2759 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,108 | 5.2762 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 39,100 | 5.2830 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 187 | 5.2861 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,021 | 5.2862 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 77 | 5.2893 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 709 | 5.2896 GBP |
32 17/19p ordinary | CFD | Opening a short position | 2,015 | 5.2905 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 137 | 5.2916 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 62 | 5.2916 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 32,985 | 5.2931 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,000 | 5.2936 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 160 | 5.2938 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 6,759 | 5.2948 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 4,715 | 5.2948 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 647 | 5.2948 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 5,083 | 5.2948 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,868 | 5.2948 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 15,428 | 5.2948 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 15,321 | 5.2948 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,099 | 5.2948 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 24 | 5.2957 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 38,736 | 5.2960 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 9,700 | 5.2962 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 47 | 5.2973 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 12,805 | 5.2975 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 28,106 | 5.2975 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 200,365 | 5.2976 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 587,421 | 5.2976 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 3 | 5.2977 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,490 | 5.2977 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 4,210 | 5.2994 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 3,368 | 5.2997 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 40 | 5.3055 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 613 | 5.3055 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 160 | 5.3055 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 20 | 5.3055 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 71,387 | 5.3262 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 9,611 | 5.3358 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: | 12 March 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