28th May 2025 11:47
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 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 | 1,379,586 | 6.2022 GBP | 6.1160 GBP |
32 17/19p ordinary | Sales | 2,134,411 | 6.2050 GBP | 6.1160 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 | 66 | 6.1080 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 66 | 6.1080 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 896 | 6.1154 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 105 | 6.1160 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 13 | 6.1161 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 335 | 6.1474 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 810 | 6.1500 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 122 | 6.1508 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 35,935 | 6.1516 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 12,211 | 6.1561 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 9,692 | 6.1591 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 42,981 | 6.1649 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 65 | 6.1649 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 5,801 | 6.1651 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 11,055 | 6.1671 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 4,396 | 6.1672 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 12,134 | 6.1699 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 21,550 | 6.1720 GBP |
32 17/19p ordinary | CFD | Opening a long position | 108,898 | 6.1724 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 6,107 | 6.1727 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 354 | 6.1739 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 13,443 | 6.1764 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 4,120 | 6.1767 GBP |
32 17/19p ordinary | CFD | Opening a long position | 125,604 | 6.1768 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 3,781 | 6.1770 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 5,739 | 6.1772 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 295 | 6.1777 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 110,050 | 6.1778 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,591 | 6.1779 GBP |
32 17/19p ordinary | CFD | Opening a short position | 1,761 | 6.1786 GBP |
32 17/19p ordinary | CFD | Opening a short position | 258 | 6.1786 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,867 | 6.1787 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 617 | 6.1789 GBP |
32 17/19p ordinary | CFD | Opening a long position | 3,744 | 6.1791 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 534 | 6.1791 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,166 | 6.1809 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 5,600 | 6.1811 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 27 | 6.1817 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 6,200 | 6.1822 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 26,391 | 6.1847 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 3,750 | 6.1853 GBP |
32 17/19p ordinary | CFD | Opening a short position | 235 | 6.1855 GBP |
32 17/19p ordinary | CFD | Opening a short position | 1,613 | 6.1855 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 37,676 | 6.1856 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 5,711 | 6.1859 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 3,000 | 6.1861 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 213 | 6.1862 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 169,752 | 6.1870 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 524 | 6.1880 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 702 | 6.1880 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 62 | 6.1885 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 10,289 | 6.1890 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1 | 6.1894 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 10 | 6.1894 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 525 | 6.1901 GBP |
32 17/19p ordinary | CFD | Opening a long position | 354 | 6.1901 GBP |
32 17/19p ordinary | CFD | Opening a long position | 1,520 | 6.1908 GBP |
32 17/19p ordinary | CFD | Opening a long position | 1,195 | 6.1908 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 32,900 | 6.1918 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 2,674 | 6.1928 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 5,562 | 6.1929 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 4,185 | 6.1939 GBP |
32 17/19p ordinary | CFD | Opening a short position | 2,446 | 6.1942 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 7,686 | 6.1948 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 22,316 | 6.1951 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 24,777 | 6.1959 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 13,288 | 6.1961 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 3,571 | 6.1966 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 17,573 | 6.1967 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 2,604 | 6.1969 GBP |
32 17/19p ordinary | CFD | Opening a long position | 93,510 | 6.1981 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 5,027 | 6.1988 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1 | 6.1991 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 2,091 | 6.1994 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 800 | 6.1995 GBP |
32 17/19p ordinary | CFD | Opening a long position | 1,791 | 6.1996 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 8,114 | 6.1996 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 599 | 6.1996 GBP |
32 17/19p ordinary | CFD | Opening a short position | 44,269 | 6.1997 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 3,744 | 6.1997 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 780 | 6.1999 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 708 | 6.1999 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,967 | 6.1999 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 10,711 | 6.1999 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 5,373 | 6.1999 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 15,043 | 6.1999 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 28,930 | 6.1999 GBP |
32 17/19p ordinary | CFD | Opening a long position | 101,386 | 6.2000 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 41,474 | 6.2000 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,500 | 6.2000 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,295 | 6.2000 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 108,898 | 6.2001 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 682 | 6.2007 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 5,127 | 6.2009 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 74 | 6.2009 GBP |
32 17/19p ordinary | CFD | Opening a short position | 755 | 6.2022 GBP |
32 17/19p ordinary | CFD | Opening a short position | 5,162 | 6.2022 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 2 | 6.2026 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: | 28 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