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: | 03 December 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 | 2,758,774 | 4.8580 GBP | 4.7810 GBP |
| 32 17/19p ordinary | Sales | 1,632,943 | 4.8535 GBP | 4.7810 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 | 4,565 | 4.7810 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 35,912 | 4.7810 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 451 | 4.7810 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 42,554 | 4.7810 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 58,611 | 4.7810 GBP |
| 32 17/19p ordinary | CFD | Opening a short position | 40,987 | 4.7813 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 18 | 4.7813 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 52,562 | 4.7813 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 4,832 | 4.7817 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 223 | 4.7844 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 596 | 4.7844 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 20,700 | 4.7850 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 40,805 | 4.7861 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 1,949 | 4.7882 GBP |
| 32 17/19p ordinary | CFD | Opening a long position | 504 | 4.7882 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 2,110 | 4.7905 GBP |
| 32 17/19p ordinary | CFD | Opening a long position | 4,133 | 4.7910 GBP |
| 32 17/19p ordinary | CFD | Opening a long position | 4,660 | 4.7910 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 7,728 | 4.7916 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 59,978 | 4.7952 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 259 | 4.7977 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 40,600 | 4.8043 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 2,000 | 4.8043 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 48,838 | 4.8053 GBP |
| 32 17/19p ordinary | CFD | Opening a long position | 17 | 4.8055 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 2,389 | 4.8057 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 24,200 | 4.8085 GBP |
| 32 17/19p ordinary | CFD | Opening a short position | 8,457 | 4.8088 GBP |
| 32 17/19p ordinary | CFD | Opening a short position | 816 | 4.8088 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 412 | 4.8114 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 106 | 4.8114 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 509 | 4.8205 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 5,333 | 4.8205 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 1,064 | 4.8245 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 42 | 4.8245 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 164 | 4.8259 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 523 | 4.8267 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 5,349 | 4.8268 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 57,757 | 4.8274 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 15,627 | 4.8282 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 22 | 4.8320 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 11 | 4.8320 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 59 | 4.8320 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 182 | 4.8320 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 5 | 4.8320 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 29 | 4.8320 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 14 | 4.8320 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 20 | 4.8320 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 72 | 4.8320 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 29,325 | 4.8321 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 1 | 4.8325 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 1,784 | 4.8334 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 70 | 4.8334 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 491 | 4.8336 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 19 | 4.8336 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 12,316 | 4.8346 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 1,191 | 4.8346 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 2,848 | 4.8347 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 2,524 | 4.8348 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 1 | 4.8360 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 4 | 4.8365 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 65 | 4.8368 GBP |
| 32 17/19p ordinary | CFD | Opening a short position | 4,565 | 4.8374 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 1,626 | 4.8374 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 7,597 | 4.8377 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 288 | 4.8377 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 72 | 4.8381 GBP |
| 32 17/19p ordinary | CFD | Opening a short position | 1,410 | 4.8386 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 43,598 | 4.8387 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 1,001,251 | 4.8387 GBP |
| 32 17/19p ordinary | CFD | Opening a long position | 2,280 | 4.8394 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 3,344 | 4.8395 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 87 | 4.8397 GBP |
| 32 17/19p ordinary | CFD | Opening a long position | 1,626 | 4.8398 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 849 | 4.8400 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 7,091 | 4.8400 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 3,000 | 4.8407 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 5,275 | 4.8421 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 617 | 4.8423 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 83 | 4.8425 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 83 | 4.8425 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 61 | 4.8444 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 21 | 4.8444 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 2 | 4.8454 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 5,911 | 4.8459 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 233 | 4.8460 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 11,299 | 4.8463 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 438 | 4.8465 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 2,280 | 4.8470 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 31 | 4.8476 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 127 | 4.8476 GBP |
| 32 17/19p ordinary | SWAP | Opening a long position | 93 | 6.0530 USD |
| 32 17/19p ordinary | SWAP | Reducing a short position | 52 | 6.0530 USD |
| 32 17/19p ordinary | SWAP | Reducing a short position | 10,620 | 6.0530 USD |
| 32 17/19p ordinary | SWAP | Increasing a long position | 19,593 | 6.1063 USD |
(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: | 04 December 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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