19th May 2025 11:10
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 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 | 3,791,026 | 5.9100 GBP | 5.8360 GBP |
32 17/19p ordinary | Sales | 3,806,482 | 5.9120 GBP | 5.8380 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 | 64,255 | 5.8482 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,390 | 5.8520 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 200,342 | 5.8522 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 10,932 | 5.8522 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,744 | 5.8525 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 1 | 5.8546 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 14,704 | 5.8552 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,318 | 5.8560 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 925 | 5.8598 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 1,803 | 5.8598 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 824 | 5.8613 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 50,467 | 5.8613 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,844 | 5.8619 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 6,027 | 5.8646 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 7,564 | 5.8651 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,693 | 5.8656 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 5,500 | 5.8656 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 3,571 | 5.8658 GBP |
32 17/19p ordinary | CFD | Opening a long position | 57,340 | 5.8659 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 221,102 | 5.8660 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 2,538 | 5.8672 GBP |
32 17/19p ordinary | CFD | Opening a short position | 4,099 | 5.8674 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 326 | 5.8674 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 5,872 | 5.8674 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 217 | 5.8678 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,115 | 5.8679 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 148 | 5.8680 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 250 | 5.8686 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 15,600 | 5.8686 GBP |
32 17/19p ordinary | CFD | Opening a long position | 1 | 5.8690 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,364 | 5.8690 GBP |
32 17/19p ordinary | CFD | Opening a long position | 1,806 | 5.8690 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 855 | 5.8690 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,509 | 5.8690 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 69,728 | 5.8700 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 13,281 | 5.8705 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 957 | 5.8708 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 2,349 | 5.8724 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 125,797 | 5.8736 GBP |
32 17/19p ordinary | CFD | Opening a short position | 18,788 | 5.8741 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 697 | 5.8744 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 137,610 | 5.8747 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 14 | 5.8763 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 33,686 | 5.8771 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 18,251 | 5.8778 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 669 | 5.8782 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 180,037 | 5.8791 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 13,560 | 5.8795 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 20,155 | 5.8802 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 15,153 | 5.8802 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 217 | 5.8804 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 11 | 5.8806 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 21,272 | 5.8807 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,563 | 5.8809 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 50,960 | 5.8822 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 31,797 | 5.8825 GBP |
32 17/19p ordinary | CFD | Opening a long position | 22,000 | 5.8825 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 394 | 5.8825 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 48,739 | 5.8835 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 13,811 | 5.8840 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 199 | 5.8846 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,095 | 5.8847 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 23,003 | 5.8858 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,006 | 5.8859 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 15,250 | 5.8873 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 3,768 | 5.8875 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 116,918 | 5.8877 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 119,977 | 5.8877 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,046 | 5.8879 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 142 | 5.8880 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 36,660 | 5.8889 GBP |
32 17/19p ordinary | CFD | Opening a long position | 35,047 | 5.8891 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 857 | 5.8893 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 205,124 | 5.8894 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 10,257 | 5.8894 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 11,868 | 5.8894 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 5,166 | 5.8896 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 22,665 | 5.8898 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 2,004 | 5.8899 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 29,036 | 5.8899 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 19,212 | 5.8899 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 91,019 | 5.8900 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 7,926 | 5.8900 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,803 | 5.8900 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 902 | 5.8900 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 42,224 | 5.8900 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 69,790 | 5.8901 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 36,116 | 5.8901 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 91,740 | 5.8905 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1 | 5.8906 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 72 | 5.8908 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 3,971 | 5.8909 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 1,900 | 5.8909 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 1,560 | 5.8909 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 28,113 | 5.8912 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,394 | 5.8925 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 18,788 | 5.8940 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 23,800 | 5.8948 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 3,016 | 5.8997 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 68 | 5.9019 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 3,515 | 5.9089 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: | 19 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