20th May 2025 09:59
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: | 19 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 | 1,294,251 | 5.9192 GBP | 5.8500 GBP |
32 17/19p ordinary | Sales | 3,082,889 | 5.9180 GBP | 5.8520 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 | 47,422 | 5.8663 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 211 | 5.8708 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 3,112 | 5.8735 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 340,051 | 5.8740 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 523 | 5.8774 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 2,759 | 5.8786 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,072 | 5.8790 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 122 | 5.8794 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 101 | 5.8796 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 195 | 5.8796 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 3,513 | 5.8800 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 35,660 | 5.8801 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 5,890 | 5.8802 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 5 | 5.8803 GBP |
32 17/19p ordinary | CFD | Opening a long position | 21,796 | 5.8811 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 2,100 | 5.8816 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 57,872 | 5.8817 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 2,697 | 5.8819 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 19,900 | 5.8827 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 875 | 5.8852 GBP |
32 17/19p ordinary | CFD | Opening a long position | 216 | 5.8858 GBP |
32 17/19p ordinary | CFD | Opening a long position | 625 | 5.8862 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 2,136 | 5.8864 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 5,200 | 5.8867 GBP |
32 17/19p ordinary | CFD | Opening a long position | 9,032 | 5.8870 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 3,515 | 5.8870 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 642 | 5.8872 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 6 | 5.8875 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,195 | 5.8880 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 21,526 | 5.8884 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 29,439 | 5.8887 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 54 | 5.8888 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 64 | 5.8899 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 32,617 | 5.8920 GBP |
32 17/19p ordinary | CFD | Opening a long position | 139,208 | 5.8942 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 783 | 5.8946 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 216 | 5.8948 GBP |
32 17/19p ordinary | CFD | Opening a short position | 3,049 | 5.8948 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 76,149 | 5.8948 GBP |
32 17/19p ordinary | CFD | Opening a long position | 139,208 | 5.8960 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 213 | 5.8971 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 91,576 | 5.9004 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 10,328 | 5.9029 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 494 | 5.9032 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 2,298 | 5.9038 GBP |
32 17/19p ordinary | CFD | Opening a short position | 3,515 | 5.9041 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 22,677 | 5.9053 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 85 | 5.9070 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 17,800 | 5.9077 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 83,227 | 5.9110 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 11,690 | 5.9111 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 25,733 | 5.9113 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 13,479 | 5.9113 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 11,792 | 5.9114 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 117,296 | 5.9115 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 46,673 | 5.9116 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 22,295 | 5.9124 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 49,834 | 5.9147 GBP |
32 17/19p ordinary | CFD | Opening a short position | 1,097 | 5.9162 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,287 | 5.9171 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 613 | 5.9171 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 5,698 | 5.9173 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 96,274 | 5.9174 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 14,138 | 5.9176 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 61,464 | 5.9179 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 9,117 | 5.9179 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 5,565 | 5.9179 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 13,378 | 5.9180 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 3,049 | 5.9180 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 620 | 5.9180 GBP |
32 17/19p ordinary | CFD | Opening a short position | 22,677 | 5.9181 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 8,855 | 5.9181 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 20,586 | 5.9181 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 2,156 | 5.9181 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 15,359 | 5.9181 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 399 | 5.9189 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 847 | 5.9189 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 348 | 5.9189 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 1,573 | 5.9192 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: | 20 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