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: | 17 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 | 1,461,251 | 4.6870 GBP | 4.6470 GBP |
| 32 17/19p ordinary | Sales | 1,482,307 | 4.6840 GBP | 4.6460 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 | 3,449 | 4.6555 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 1 | 4.6640 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 25 | 4.6640 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 5 | 4.6640 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 18 | 4.6640 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 1 | 4.6640 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 24 | 4.6640 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 348 | 4.6648 GBP |
| 32 17/19p ordinary | CFD | Opening a short position | 2,091 | 4.6650 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 2 | 4.6651 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 13 | 4.6651 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 48 | 4.6651 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 2 | 4.6651 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 6 | 4.6652 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 44 | 4.6652 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 160 | 4.6652 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 6 | 4.6652 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 3 | 4.6654 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 600 | 4.6661 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 1,509 | 4.6662 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 38,674 | 4.6663 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 7 | 4.6665 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 225 | 4.6665 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 46 | 4.6665 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 167 | 4.6665 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 5 | 4.6665 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 2,244 | 4.6668 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 2,478 | 4.6668 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 7,378 | 4.6673 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 61,454 | 4.6682 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 5,740 | 4.6685 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 4,149 | 4.6686 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 12,329 | 4.6688 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 7,654 | 4.6692 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 324 | 4.6692 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 4,004 | 4.6692 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 25 | 4.6694 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 500 | 4.6694 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 350 | 4.6703 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 475 | 4.6703 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 474 | 4.6703 GBP |
| 32 17/19p ordinary | CFD | Opening a long position | 501 | 4.6703 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 25 | 4.6703 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 450 | 4.6704 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 1,847 | 4.6705 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 1,900 | 4.6708 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 3 | 4.6708 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 32 | 4.6709 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 1,000 | 4.6709 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 975 | 4.6710 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 825 | 4.6713 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 561 | 4.6714 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 675 | 4.6714 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 4,842 | 4.6714 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 1 | 4.6715 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 1 | 4.6715 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 150 | 4.6718 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 61,900 | 4.6719 GBP |
| 32 17/19p ordinary | CFD | Opening a short position | 19,413 | 4.6719 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 45 | 4.6719 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 4 | 4.6719 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 1,500 | 4.6721 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 2,850 | 4.6727 GBP |
| 32 17/19p ordinary | CFD | Opening a long position | 143,500 | 4.6727 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 3,325 | 4.6728 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 4,600 | 4.6729 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 1,900 | 4.6734 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 757 | 4.6735 GBP |
| 32 17/19p ordinary | CFD | Opening a long position | 418 | 4.6736 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 2,091 | 4.6736 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 1,900 | 4.6741 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 1,290 | 4.6744 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 5,734 | 4.6745 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 26,400 | 4.6749 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 209 | 4.6750 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 20 | 4.6750 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 135,057 | 4.6750 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 1,525 | 4.6750 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 16,068 | 4.6752 GBP |
| 32 17/19p ordinary | CFD | Opening a long position | 25,459 | 4.6754 GBP |
| 32 17/19p ordinary | CFD | Opening a long position | 53,672 | 4.6757 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 4,452 | 4.6757 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 1,900 | 4.6757 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 121,617 | 4.6759 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 387 | 4.6760 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 31 | 4.6760 GBP |
| 32 17/19p ordinary | CFD | Opening a long position | 5,740 | 4.6760 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 280 | 4.6761 GBP |
| 32 17/19p ordinary | CFD | Opening a short position | 160 | 4.6765 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 8 | 4.6765 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 275 | 4.6765 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 56 | 4.6765 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 6 | 4.6765 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 203 | 4.6765 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 8 | 4.6765 GBP |
| 32 17/19p ordinary | CFD | Opening a short position | 47,309 | 4.6765 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 19,413 | 4.6767 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 16,242 | 4.6767 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 17,801 | 4.6767 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 2,150 | 4.6779 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 39,565 | 4.6798 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 219 | 4.6810 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: | 18 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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