9th May 2025 11:54
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: | 08 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 | 3,296,565 | 5.8520 GBP | 5.7940 GBP |
32 17/19p ordinary | Sales | 3,346,360 | 5.8520 GBP | 5.7940 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 long position | 1,220 | 5.7931 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 80,417 | 5.7934 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1 | 5.7934 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,768 | 5.7935 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 144,111 | 5.7939 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 291 | 5.7940 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 870 | 5.7940 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 161 | 5.7940 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 669 | 5.7940 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 64,602 | 5.7940 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 8,202 | 5.7940 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 78 | 5.7940 GBP |
32 17/19p ordinary | CFD | Opening a short position | 318 | 5.7941 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 423 | 5.7941 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 16,857 | 5.7941 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 28,806 | 5.7941 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 547 | 5.7942 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 348 | 5.7949 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 31,255 | 5.7949 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 68,422 | 5.7971 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 18,478 | 5.7975 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 2,322 | 5.7975 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 5,154 | 5.7975 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 207 | 5.7976 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,195 | 5.7976 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 323 | 5.7976 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 294 | 5.7976 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 7 | 5.7980 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 9,033 | 5.7987 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 482 | 5.8004 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 8,044 | 5.8004 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 2,181 | 5.8004 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 165 | 5.8004 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 192 | 5.8008 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,753 | 5.8008 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 476 | 5.8008 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 856 | 5.8008 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 326 | 5.8008 GBP |
32 17/19p ordinary | CFD | Opening a short position | 24,708 | 5.8024 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 23,190 | 5.8024 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 2,194 | 5.8037 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 544 | 5.8039 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 176 | 5.8043 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 739 | 5.8044 GBP |
32 17/19p ordinary | CFD | Opening a short position | 1,322 | 5.8044 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 742 | 5.8052 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 48,200 | 5.8053 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 19,764 | 5.8066 GBP |
32 17/19p ordinary | CFD | Opening a short position | 402,771 | 5.8070 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 318 | 5.8072 GBP |
32 17/19p ordinary | CFD | Opening a long position | 8,287 | 5.8072 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 8,100 | 5.8075 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 89 | 5.8077 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,416 | 5.8077 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 382 | 5.8077 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 43 | 5.8077 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,867 | 5.8077 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 506 | 5.8077 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 5,185 | 5.8078 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 100 | 5.8082 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 62 | 5.8084 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 751 | 5.8084 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 204 | 5.8084 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 38 | 5.8084 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 9,123 | 5.8092 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 142 | 5.8098 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 2,189 | 5.8098 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 593 | 5.8098 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 126,828 | 5.8100 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 297 | 5.8101 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 3,336 | 5.8101 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 905 | 5.8101 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 180 | 5.8101 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 14,400 | 5.8103 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 18,781 | 5.8107 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,446 | 5.8117 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 970 | 5.8121 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 14,488 | 5.8136 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 54 | 5.8160 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 14 | 5.8160 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 68 | 5.8160 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 12,673 | 5.8176 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 30,119 | 5.8183 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 7,271 | 5.8192 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 41,866 | 5.8196 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 2,000 | 5.8200 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 1,025 | 5.8200 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 4,844 | 5.8223 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,859 | 5.8223 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 108,254 | 5.8228 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 153 | 5.8255 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 2,024 | 5.8255 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 549 | 5.8255 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 71 | 5.8255 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 651,790 | 5.8260 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,613 | 5.8266 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 1,859 | 5.8271 GBP |
32 17/19p ordinary | CFD | Opening a long position | 739 | 5.8271 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 1,573 | 5.8277 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 68 | 5.8279 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 961 | 5.8279 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 261 | 5.8279 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 31 | 5.8279 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 2,583 | 5.8281 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,640 | 5.8294 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,095 | 5.8294 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 3,227 | 5.8295 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 160 | 5.8300 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 2,588 | 5.8338 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 323 | 5.8348 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 4,134 | 5.8357 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 123 | 5.8362 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,547 | 5.8362 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 420 | 5.8362 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 57 | 5.8362 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,005 | 5.8367 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 2,446 | 5.8367 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 663 | 5.8367 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 1,346 | 5.8380 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 72 | 5.8471 GBP |
32 17/19p ordinary | SWAP^ | Opening a short position | 445,132 | 5.8300 GBP |
32 17/19p ordinary | SWAP | Reducing a short position | 445,132 | 5.8300 GBP |
32 17/19p ordinary | SWAP | Increasing a short position | 445,132 | 5.8300 GBP |
32 17/19p ordinary | SWAP | Increasing a long position | 41 | 7.8034 USD |
^Please note this product is part of a basket of securities for which AVIVA PLC is a component
(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: | 09 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