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: | 28 November 2024 |
| (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 | 3,623,047 | 4.8300 GBP | 4.7130 GBP |
| 32 17/19p ordinary | Sales | 3,768,778 | 4.8340 GBP | 4.7165 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 | 18 | 4.7394 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 1 | 4.7394 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 5 | 4.7394 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 6,267 | 4.7400 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 4,442 | 4.7400 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 382 | 4.7435 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 216 | 4.7476 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 9,471 | 4.7498 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 3,069 | 4.7509 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 145,150 | 4.7511 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 2 | 4.7515 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 9,105 | 4.7534 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 142,608 | 4.7535 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 12,856 | 4.7538 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 73,875 | 4.7542 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 13,394 | 4.7568 GBP |
| 32 17/19p ordinary | CFD | Opening a long position | 12,856 | 4.7570 GBP |
| 32 17/19p ordinary | CFD | Opening a short position | 9,112 | 4.7575 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 11,185 | 4.7578 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 52,869 | 4.7581 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 78,557 | 4.7590 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 34,908 | 4.7602 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 3,777 | 4.7613 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 2,620 | 4.7637 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 7,756 | 4.7653 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 3,116 | 4.7669 GBP |
| 32 17/19p ordinary | CFD | Opening a long position | 19,807 | 4.7669 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 5,100 | 4.7672 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 1,619 | 4.7679 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 6,000 | 4.7679 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 163 | 4.7679 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 194 | 4.7679 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 1,660 | 4.7688 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 158 | 4.7693 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 49 | 4.7739 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 3,306 | 4.7739 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 847 | 4.7753 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 27 | 4.7753 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 229 | 4.7753 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 23 | 4.7753 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 1,524 | 4.7754 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 5,747 | 4.7756 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 187 | 4.7756 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 1,552 | 4.7756 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 156 | 4.7756 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 1,043 | 4.7765 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 18,828 | 4.7767 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 282,000 | 4.7771 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 18,613 | 4.7778 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 3,695 | 4.7783 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 18,612 | 4.7786 GBP |
| 32 17/19p ordinary | CFD | Opening a short position | 8,426 | 4.7791 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 52,200 | 4.7796 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 103,320 | 4.7804 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 10,800 | 4.7804 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 160,030 | 4.7805 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 3,406 | 4.7806 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 36,292 | 4.7855 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 36,769 | 4.7863 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 47,681 | 4.7907 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 11,520 | 4.7907 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 81,711 | 4.7907 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 78,569 | 4.7907 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 25,436 | 4.7907 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 321,944 | 4.7907 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 7,960 | 4.7907 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 7,367 | 4.7949 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 102,230 | 4.7950 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 51,887 | 4.7950 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 5,335 | 4.7950 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 54,517 | 4.7950 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 561,380 | 4.7950 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 3,182 | 4.7950 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 283 | 4.7950 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 6,748 | 4.7950 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 40,643 | 4.7953 GBP |
| 32 17/19p ordinary | CFD | Opening a short position | 14,755 | 4.7955 GBP |
| 32 17/19p ordinary | CFD | Opening a short position | 7,367 | 4.7955 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 66,426 | 4.7955 GBP |
| 32 17/19p ordinary | CFD | Opening a long position | 92,913 | 4.8012 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 9,470 | 4.8147 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: | 29 November 2024 |
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.
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