17th Apr 2025 11:11
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: | 16 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 | 5,105,430 | 5.2520 GBP | 5.1880 GBP |
32 17/19p ordinary | Sales | 5,118,234 | 5.2520 GBP | 5.1840 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 | 4,318 | 5.1885 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 111 | 5.1959 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 93 | 5.1979 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 806 | 5.2005 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 37 | 5.2007 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 590 | 5.2007 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 164 | 5.2007 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 22 | 5.2007 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 75 | 5.2039 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 18,694 | 5.2084 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 2,404 | 5.2099 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 205 | 5.2102 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 16,682 | 5.2114 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 43 | 5.2130 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,176 | 5.2155 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,484 | 5.2159 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 107 | 5.2171 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 800 | 5.2202 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,935 | 5.2225 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 6,300 | 5.2230 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 8,190 | 5.2267 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 2,319 | 5.2267 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 6,253 | 5.2267 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,177 | 5.2267 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 3,919 | 5.2267 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 170 | 5.2267 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 285 | 5.2267 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 142 | 5.2267 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 4,000 | 5.2312 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 24,544 | 5.2321 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 218 | 5.2324 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 8,476 | 5.2326 GBP |
32 17/19p ordinary | CFD | Opening a short position | 10,259 | 5.2335 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 28,985 | 5.2340 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 188,019 | 5.2341 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 21,099 | 5.2343 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 47,323 | 5.2344 GBP |
32 17/19p ordinary | CFD | Opening a long position | 1,800 | 5.2353 GBP |
32 17/19p ordinary | CFD | Opening a long position | 1,400 | 5.2353 GBP |
32 17/19p ordinary | CFD | Opening a long position | 200 | 5.2354 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 107 | 5.2370 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 96 | 5.2390 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 201,566 | 5.2399 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,508 | 5.2399 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 134,781 | 5.2400 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 7,830 | 5.2400 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 2,429 | 5.2400 GBP |
32 17/19p ordinary | CFD | Opening a short position | 93 | 5.2400 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 17,730 | 5.2400 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 9,887 | 5.2400 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 476 | 5.2401 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 3,820 | 5.2401 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 525 | 5.2401 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,709 | 5.2401 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 86,514 | 5.2401 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 42 | 5.2405 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 154 | 5.2410 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 23,762 | 5.2414 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 1,691 | 5.2417 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 3,003 | 5.2422 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 2,350 | 5.2426 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 21,300 | 5.2444 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 73 | 5.2459 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,539 | 5.2465 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 4,642 | 5.2482 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 133 | 5.2486 GBP |
32 17/19p ordinary | SWAP | Increasing a long position | 25,896 | 6.9429 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: | 17 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