| FORM 8.3 | |||||||
| PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY | |||||||
| A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR | |||||||
| MORE | |||||||
| Rule 8.3 of the Takeover Code (the "Code") | |||||||
| 1. | KEY INFORMATION | ||||||
| (a) | Full name of discloser: |
| Barclays PLC. | ||||
| (b) | Owner or controller of interest and short |
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| positions disclosed, if different from 1(a): | ||||||
| (c) | Name of offeror/offeree in relation to whose | AVIVA PLC | |||||
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| relevant securities this form relates: | ||||||
| (d) | If an exempt fund manager connected with an |
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| offeror/offeree, state this and specify identity of | ||||||
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| offeror/offeree: | ||||||
| (e) | Date position held/dealing undertaken: | 29 Nov 2024 | |||||
| (f) | In addition to the company in 1(c) above, is the discloser making | YES: |
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| disclosures in respect of any other party to the offer? | DIRECT LINE INSURANCE GROUP PLC |
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| 2. | POSITIONS OF THE PERSON MAKING THE DISCLOSURE | ||||||
| (a) | Interests and short positions in the relevant securities of the offeror or offeree |
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| to which the disclosure relates following the dealing(if any) |
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| Class of relevant security: | 32 17/19p ordinary | ||||||
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| Interests | Short Positions | |||||
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| Number | (%) | Number | (%) | |||
| (1) | Relevant securities owned |
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| and/or controlled: |
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| 23,311,079 | 0.87% | 23,906,354 | 0.89% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 1,364,313 | 0.05% | 21,208,456 | 0.79% |
| (3) | Stock-settled derivatives (including options) |
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| and agreements to purchase/sell: |
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| 0 | 0.00% | 1,099,481 | 0.04% |
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| TOTAL: |
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| 24,675,392 | 0.92% | 46,214,291 | 1.73% |
| (b) | Rights to subscribe for new securities (including directors and other executive |
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| options) |
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| Class of relevant security in relation to |
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| which subscription right exists |
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| Details, including nature of the rights |
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| concerned and relevant percentages: |
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| 3. | DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER | ||||||
| (a) | Purchases and sales |
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| Class of relevant | Purchase/sale | Number of | Price per unit | ||||
| security |
| securities |
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| 32 17/19p ordinary | Purchase | 326,753 | 4.8032 GBP | ||||
| 32 17/19p ordinary | Purchase | 238,263 | 4.8370 GBP | ||||
| 32 17/19p ordinary | Purchase | 179,982 | 4.8319 GBP | ||||
| 32 17/19p ordinary | Purchase | 91,216 | 4.7982 GBP | ||||
| 32 17/19p ordinary | Purchase | 72,921 | 4.8100 GBP | ||||
| 32 17/19p ordinary | Purchase | 58,295 | 4.8093 GBP | ||||
| 32 17/19p ordinary | Purchase | 58,169 | 4.8169 GBP | ||||
| 32 17/19p ordinary | Purchase | 51,401 | 4.8108 GBP | ||||
| 32 17/19p ordinary | Purchase | 42,400 | 4.7971 GBP | ||||
| 32 17/19p ordinary | Purchase | 35,358 | 4.8103 GBP | ||||
| 32 17/19p ordinary | Purchase | 16,948 | 4.8089 GBP | ||||
| 32 17/19p ordinary | Purchase | 10,882 | 4.7806 GBP | ||||
| 32 17/19p ordinary | Purchase | 10,777 | 4.8138 GBP | ||||
| 32 17/19p ordinary | Purchase | 8,580 | 4.8144 GBP | ||||
| 32 17/19p ordinary | Purchase | 7,988 | 4.7915 GBP | ||||
| 32 17/19p ordinary | Purchase | 6,722 | 4.7913 GBP | ||||
| 32 17/19p ordinary | Purchase | 6,246 | 4.8116 GBP | ||||
| 32 17/19p ordinary | Purchase | 5,496 | 4.7993 GBP | ||||
| 32 17/19p ordinary | Purchase | 4,403 | 4.8121 GBP | ||||
| 32 17/19p ordinary | Purchase | 3,938 | 4.7951 GBP | ||||
| 32 17/19p ordinary | Purchase | 3,913 | 4.7969 GBP | ||||
| 32 17/19p ordinary | Purchase | 3,389 | 4.7780 GBP | ||||
| 32 17/19p ordinary | Purchase | 3,229 | 4.7995 GBP | ||||
| 32 17/19p ordinary | Purchase | 3,160 | 4.8118 GBP | ||||
| 32 17/19p ordinary | Purchase | 3,017 | 4.8000 GBP | ||||
| 32 17/19p ordinary | Purchase | 2,656 | 4.8200 GBP | ||||
| 32 17/19p ordinary | Purchase | 2,487 | 4.7740 GBP | ||||
| 32 17/19p ordinary | Purchase | 2,210 | 4.8105 GBP | ||||
| 32 17/19p ordinary | Purchase | 1,985 | 4.7950 GBP | ||||
| 32 17/19p ordinary | Purchase | 1,643 | 4.8180 GBP | ||||
| 32 17/19p ordinary | Purchase | 1,528 | 4.8067 GBP | ||||
| 32 17/19p ordinary | Purchase | 1,412 | 4.8060 GBP | ||||
| 32 17/19p ordinary | Purchase | 1,208 | 4.8170 GBP | ||||
| 32 17/19p ordinary | Purchase | 1,171 | 4.8050 GBP | ||||
| 32 17/19p ordinary | Purchase | 1,147 | 4.8080 GBP | ||||
| 32 17/19p ordinary | Purchase | 1,075 | 4.8221 GBP | ||||
| 32 17/19p ordinary | Purchase | 1,000 | 4.8068 GBP | ||||
| 32 17/19p ordinary | Purchase | 935 | 4.8140 GBP | ||||
| 32 17/19p ordinary | Purchase | 725 | 4.8017 GBP | ||||
| 32 17/19p ordinary | Purchase | 688 | 4.8040 GBP | ||||
| 32 17/19p ordinary | Purchase | 643 | 4.7910 GBP | ||||
| 32 17/19p ordinary | Purchase | 617 | 4.8030 GBP | ||||
| 32 17/19p ordinary | Purchase | 615 | 4.8190 GBP | ||||
| 32 17/19p ordinary | Purchase | 614 | 4.8090 GBP | ||||
| 32 17/19p ordinary | Purchase | 605 | 4.8115 GBP | ||||
| 32 17/19p ordinary | Purchase | 601 | 4.8196 GBP | ||||
| 32 17/19p ordinary | Purchase | 577 | 4.8220 GBP | ||||
| 32 17/19p ordinary | Purchase | 501 | 4.7970 GBP | ||||
| ADR | Purchase | 400 | 12.3900 USD | ||||
| 32 17/19p ordinary | Purchase | 355 | 4.8150 GBP | ||||
| 32 17/19p ordinary | Purchase | 287 | 4.8210 GBP | ||||
| 32 17/19p ordinary | Purchase | 208 | 4.8240 GBP | ||||
| 32 17/19p ordinary | Purchase | 170 | 4.7980 GBP | ||||
| 32 17/19p ordinary | Purchase | 109 | 4.8228 GBP | ||||
| 32 17/19p ordinary | Purchase | 35 | 4.8191 GBP | ||||
| 32 17/19p ordinary | Sale | 324,535 | 4.8322 GBP | ||||
| 32 17/19p ordinary | Sale | 219,329 | 4.8369 GBP | ||||
| 32 17/19p ordinary | Sale | 126,276 | 4.8153 GBP | ||||
| 32 17/19p ordinary | Sale | 124,964 | 4.8125 GBP | ||||
| 32 17/19p ordinary | Sale | 122,600 | 4.8324 GBP | ||||
| 32 17/19p ordinary | Sale | 98,735 | 4.8136 GBP | ||||
| 32 17/19p ordinary | Sale | 86,879 | 4.8370 GBP | ||||
| 32 17/19p ordinary | Sale | 79,114 | 4.8130 GBP | ||||
| 32 17/19p ordinary | Sale | 61,324 | 4.8045 GBP | ||||
| 32 17/19p ordinary | Sale | 51,418 | 4.8047 GBP | ||||
| 32 17/19p ordinary | Sale | 49,584 | 4.8041 GBP | ||||
| 32 17/19p ordinary | Sale | 40,617 | 4.8026 GBP | ||||
| 32 17/19p ordinary | Sale | 38,922 | 4.8123 GBP | ||||
| 32 17/19p ordinary | Sale | 36,368 | 4.8114 GBP | ||||
| 32 17/19p ordinary | Sale | 26,868 | 4.8011 GBP | ||||
| 32 17/19p ordinary | Sale | 23,387 | 4.8008 GBP | ||||
| 32 17/19p ordinary | Sale | 20,171 | 4.7975 GBP | ||||
| 32 17/19p ordinary | Sale | 17,372 | 4.8034 GBP | ||||
| 32 17/19p ordinary | Sale | 15,944 | 4.8219 GBP | ||||
| 32 17/19p ordinary | Sale | 14,157 | 4.8016 GBP | ||||
| 32 17/19p ordinary | Sale | 13,098 | 4.8216 GBP | ||||
| 32 17/19p ordinary | Sale | 12,471 | 4.8164 GBP | ||||
| 32 17/19p ordinary | Sale | 11,362 | 4.8055 GBP | ||||
| 32 17/19p ordinary | Sale | 8,928 | 4.8140 GBP | ||||
| 32 17/19p ordinary | Sale | 8,362 | 4.7824 GBP | ||||
| 32 17/19p ordinary | Sale | 7,854 | 4.8080 GBP | ||||
| 32 17/19p ordinary | Sale | 7,531 | 4.8006 GBP | ||||
| 32 17/19p ordinary | Sale | 7,340 | 4.8066 GBP | ||||
| 32 17/19p ordinary | Sale | 6,246 | 4.8121 GBP | ||||
| 32 17/19p ordinary | Sale | 5,161 | 4.8033 GBP | ||||
| 32 17/19p ordinary | Sale | 4,656 | 4.8200 GBP | ||||
| 32 17/19p ordinary | Sale | 4,202 | 4.8287 GBP | ||||
| 32 17/19p ordinary | Sale | 3,499 | 4.8040 GBP | ||||
| 32 17/19p ordinary | Sale | 3,389 | 4.7780 GBP | ||||
| 32 17/19p ordinary | Sale | 3,017 | 4.8000 GBP | ||||
| 32 17/19p ordinary | Sale | 2,487 | 4.7740 GBP | ||||
| 32 17/19p ordinary | Sale | 2,472 | 4.7883 GBP | ||||
| 32 17/19p ordinary | Sale | 1,985 | 4.7950 GBP | ||||
| 32 17/19p ordinary | Sale | 1,975 | 4.8100 GBP | ||||
| 32 17/19p ordinary | Sale | 1,772 | 4.8090 GBP | ||||
| 32 17/19p ordinary | Sale | 1,652 | 4.7940 GBP | ||||
| 32 17/19p ordinary | Sale | 1,572 | 4.7970 GBP | ||||
| 32 17/19p ordinary | Sale | 1,412 | 4.8060 GBP | ||||
| 32 17/19p ordinary | Sale | 1,280 | 4.8180 GBP | ||||
| 32 17/19p ordinary | Sale | 1,265 | 4.8155 GBP | ||||
| 32 17/19p ordinary | Sale | 1,208 | 4.8170 GBP | ||||
| 32 17/19p ordinary | Sale | 1,171 | 4.8050 GBP | ||||
| 32 17/19p ordinary | Sale | 1,000 | 4.8072 GBP | ||||
| 32 17/19p ordinary | Sale | 950 | 4.8144 GBP | ||||
| 32 17/19p ordinary | Sale | 695 | 4.7990 GBP | ||||
| 32 17/19p ordinary | Sale | 645 | 4.7854 GBP | ||||
| 32 17/19p ordinary | Sale | 643 | 4.7910 GBP | ||||
| 32 17/19p ordinary | Sale | 617 | 4.8030 GBP | ||||
| 32 17/19p ordinary | Sale | 615 | 4.8190 GBP | ||||
| 32 17/19p ordinary | Sale | 605 | 4.8119 GBP | ||||
| 32 17/19p ordinary | Sale | 577 | 4.8220 GBP | ||||
| 32 17/19p ordinary | Sale | 487 | 4.8349 GBP | ||||
| ADR | Sale | 400 | 12.3900 USD | ||||
| 32 17/19p ordinary | Sale | 363 | 4.8184 GBP | ||||
| 32 17/19p ordinary | Sale | 355 | 4.8150 GBP | ||||
| 32 17/19p ordinary | Sale | 354 | 4.8240 GBP | ||||
| 32 17/19p ordinary | Sale | 287 | 4.8210 GBP | ||||
| 32 17/19p ordinary | Sale | 170 | 4.7980 GBP | ||||
| 32 17/19p ordinary | Sale | 52 | 4.8105 GBP | ||||
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| (b) | Cash-settled derivative transactions |
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| Class of | Product | Nature of dealing | Number of | Price per | |||
| relevant | description |
| reference | unit | |||
| security |
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| 32 17/19p ordinary | SWAP | Decreasing Short | 23,387 | 4.8008 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 2,811 | 4.8040 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 51,418 | 4.8047 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 3,734 | 4.8061 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 36,368 | 4.8114 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 3,544 | 4.8118 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 38,922 | 4.8123 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 79,114 | 4.8130 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 41,795 | 4.8139 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 65,275 | 4.8154 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 3,173 | 4.8167 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 6,689 | 4.8200 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 15,944 | 4.8219 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 3,417 | 4.8230 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 2,992 | 4.8234 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 66,917 | 4.8337 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 487 | 4.8349 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 219,329 | 4.8369 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 88,143 | 4.8370 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 2,677 | 4.7865 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 4,441 | 4.7905 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 6,722 | 4.7913 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 3,497 | 4.7940 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 3,938 | 4.7951 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 30,377 | 4.7952 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 3,913 | 4.7969 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 42,400 | 4.7971 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 56,266 | 4.7994 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 3,229 | 4.7995 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 4,573 | 4.8026 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 70,946 | 4.8100 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 48,708 | 4.8108 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 3,160 | 4.8118 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 1,498 | 4.8140 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 35 | 4.8190 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 18,984 | 4.8321 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 46,600 | 4.8352 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 7,020 | 4.8370 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Long | 4,338 | 4.8083 GBP | |||
| 32 17/19p ordinary | CFD | Decreasing Short | 41,254 | 4.8081 GBP | |||
| 32 17/19p ordinary | CFD | Increasing Short | 391 | 4.8203 GBP | |||
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| (c) | Stock-settled derivative transactions (including options) |
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| (i) | Writing, selling, purchasing or varying |
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| Class | Product | Writing, | Number | Exercise | Type | Expiry | Option |
| of | description | purchasing, | of | price |
| date | money |
| relevant |
| selling, | securities | per unit |
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| paid/ |
| security |
| varying etc | to which |
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| received |
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| option |
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| per unit |
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| relates |
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| (ii) | Exercising |
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| Class of relevant | Product description | Exercising/ exercised against | Number of | Exercise price per | |||
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| (d) | Other dealings (including subscribing for new securities) |
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| Class of relevant | Nature of Dealings | Details | Price per unit (if | ||||
| security |
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| applicable) | ||||
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| 4. | OTHER INFORMATION | ||||||
| (a) | Indemnity and other dealings arrangements |
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| Details of any indemnity or option arrangement, or any agreement or understanding, |
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| formal or informal, relating to relevant securities which may be an inducement to deal |
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| or refrain from dealing entered into by the exempt principal trader making the disclosure and any party |
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| to the offer or any person acting in concert with a party to the offer: |
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| NONE | |||||||
| (b) | Agreements, arrangements or understandings relating to options or derivatives |
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| Details of any agreement, arrangement or understanding, formal or informal, between |
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| the person making the disclosure and any other person relating to: |
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| (i) the voting rights of any relevant securities under any option; or |
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| (ii) the voting rights of future acquisition or disposal of any relevant securities to which |
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| any derivative is referenced: |
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| NONE | |||||||
| (c) | Attachments |
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| Is a Supplemental Form 8 (Open Positions) attached? | YES | ||||||
| Date of disclosure: | 02 Dec 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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| DETAILS OF OPEN OPTION AND DERIVATIVE POSITIONS, AGREEMENTS TO | |||||||
| PURCHASE OR SELL ETC. | |||||||
| Note 5(i) on Rule 8 of the Takeover Code (the "Code") | |||||||
| 1. | KEY INFORMATION | ||||||
| Identity of the person whose positions/dealings | Barclays PLC. | ||||||
| are being disclosed: | |||||||
| Name of offeror/offeree in relation to whose | AVIVA PLC | ||||||
| relevant securities this from relates: | |||||||
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| 2. | OPTIONS AND DERIVATIVES | ||||||
| Class of relevant security | Product description | Writing, purchasing, selling, varying etc | Number of securities to which option relates | Exercise price per unit | Type | Expiry date | |
| 32 17/19p ordinary | Call Options | Written | -322,251 | 4.2985 | European | 11 Mar 2025 | |
| 32 17/19p ordinary | Call Options | Written | -310,552 | 4.5547 | European | 23 Dec 2024 | |
| 32 17/19p ordinary | Call Options | Written | -241,314 | 4.4050 | European | 06 May 2025 | |
| 32 17/19p ordinary | Call Options | Written | -120,787 | 5.3305 | European | 06 Jun 2025 | |
| 32 17/19p ordinary | Call Options | Written | -104,577 | 5.3176 | European | 05 Jun 2025 | |
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| 3. | AGREEMENTS TO PURCHASE OR SELL ETC. | ||||||
| Full details should be given so that the nature of the interest or position can be fully understood: | |||||||
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