14th May 2025 11:17
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: | 13 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 | 1,823,902 | 5.7640 GBP | 5.7100 GBP |
32 17/19p ordinary | Sales | 2,809,015 | 5.7600 GBP | 5.7120 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 | 678 | 5.7156 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 173,586 | 5.7160 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,381 | 5.7182 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 975 | 5.7206 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 14,968 | 5.7206 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 9,459 | 5.7206 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 4,186 | 5.7206 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 11,275 | 5.7206 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 2,263 | 5.7206 GBP |
32 17/19p ordinary | CFD | Opening a short position | 96 | 5.7233 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 529 | 5.7233 GBP |
32 17/19p ordinary | CFD | Opening a short position | 50 | 5.7233 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 1,030 | 5.7233 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 971 | 5.7248 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 701 | 5.7249 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 9,485 | 5.7249 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 2,636 | 5.7249 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 382 | 5.7249 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 19 | 5.7263 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 215 | 5.7263 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 58 | 5.7263 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 9 | 5.7263 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 925 | 5.7271 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 9 | 5.7286 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 47 | 5.7286 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 13 | 5.7286 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 251 | 5.7294 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 4,550 | 5.7317 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 46,372 | 5.7317 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 5,109 | 5.7321 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 5 | 5.7329 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 2,900 | 5.7330 GBP |
32 17/19p ordinary | CFD | Opening a short position | 6,400 | 5.7338 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 72,500 | 5.7338 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 238 | 5.7341 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 64 | 5.7341 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 54 | 5.7342 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 653 | 5.7342 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 177 | 5.7342 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 24 | 5.7342 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 438 | 5.7354 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 42 | 5.7358 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 49,288 | 5.7359 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 2,484 | 5.7365 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 2,239 | 5.7365 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,204 | 5.7365 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 6,185 | 5.7374 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 3,248 | 5.7375 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 20,117 | 5.7381 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 15,261 | 5.7383 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 30,000 | 5.7385 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 287,000 | 5.7385 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 177,493 | 5.7393 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 6,995 | 5.7393 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 43 | 5.7395 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 4,439 | 5.7401 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 197 | 5.7402 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 3,122 | 5.7402 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 842 | 5.7402 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 93 | 5.7402 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 9,259 | 5.7402 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 345 | 5.7402 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 3,540 | 5.7402 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 15,271 | 5.7402 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 18,937 | 5.7402 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 500 | 5.7404 GBP |
32 17/19p ordinary | CFD | Opening a short position | 2,230 | 5.7404 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 349,268 | 5.7407 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 59,449 | 5.7407 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 119,437 | 5.7407 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 103 | 5.7409 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 28 | 5.7409 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 8,013 | 5.7411 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 685 | 5.7414 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 823 | 5.7415 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 796 | 5.7415 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 25,746 | 5.7416 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 3,129 | 5.7419 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 2,046 | 5.7419 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 47,233 | 5.7419 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 78,593 | 5.7419 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,510 | 5.7419 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 168,067 | 5.7419 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 464 | 5.7420 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 209 | 5.7420 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 67,451 | 5.7420 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 26,622 | 5.7420 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 99,281 | 5.7420 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 3,629 | 5.7421 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 51 | 5.7421 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 50,460 | 5.7422 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 841 | 5.7422 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 50 | 5.7423 GBP |
32 17/19p ordinary | CFD | Opening a long position | 382 | 5.7423 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 729 | 5.7424 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 793 | 5.7425 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 1,498 | 5.7425 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 6 | 5.7425 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 72 | 5.7428 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 241 | 5.7429 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 90 | 5.7429 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 89 | 5.7429 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 1,157 | 5.7431 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 26,199 | 5.7433 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 16,407 | 5.7433 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 676 | 5.7441 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 8 | 5.7449 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 125 | 5.7449 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 89 | 5.7449 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 24 | 5.7449 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 10 | 5.7449 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 46 | 5.7458 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 598 | 5.7458 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 158 | 5.7458 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 72 | 5.7458 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 90,801 | 5.7461 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 15,261 | 5.7463 GBP |
32 17/19p ordinary | CFD | Opening a long position | 3,629 | 5.7479 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 4,120 | 5.7480 GBP |
32 17/19p ordinary | CFD | Opening a long position | 464 | 5.7484 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 964 | 5.7486 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 268 | 5.7488 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 31,724 | 5.7492 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 2,021 | 5.7496 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 6 | 5.7509 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 98 | 5.7509 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 27 | 5.7509 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 395 | 5.7521 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 11 | 5.7529 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 129 | 5.7529 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 35 | 5.7529 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 2,841 | 5.7593 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 96 | 5.7593 GBP |
32 17/19p ordinary | CFD | Opening a long position | 5,443 | 5.7593 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 37 | 5.7599 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 7 | 5.7601 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: | 14 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