| 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: | 18 Dec 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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| 20,597,277 | 0.77% | 16,642,714 | 0.62% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 2,385,715 | 0.09% | 17,589,503 | 0.66% |
| (3) | Stock-settled derivatives (including options) |
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| and agreements to purchase/sell: |
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| 0 | 0.00% | 1,099,520 | 0.04% |
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| TOTAL: |
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| 22,982,992 | 0.86% | 35,331,737 | 1.32% |
| (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 | 1,233,334 | 4.6390 GBP | ||||
| 32 17/19p ordinary | Purchase | 538,815 | 4.6415 GBP | ||||
| 32 17/19p ordinary | Purchase | 260,515 | 4.6393 GBP | ||||
| 32 17/19p ordinary | Purchase | 213,280 | 4.6525 GBP | ||||
| 32 17/19p ordinary | Purchase | 191,459 | 4.6710 GBP | ||||
| 32 17/19p ordinary | Purchase | 125,701 | 4.6394 GBP | ||||
| 32 17/19p ordinary | Purchase | 109,362 | 4.6610 GBP | ||||
| 32 17/19p ordinary | Purchase | 74,228 | 4.6441 GBP | ||||
| 32 17/19p ordinary | Purchase | 71,951 | 4.6480 GBP | ||||
| 32 17/19p ordinary | Purchase | 71,490 | 4.6395 GBP | ||||
| 32 17/19p ordinary | Purchase | 58,766 | 4.6517 GBP | ||||
| 32 17/19p ordinary | Purchase | 57,309 | 4.6440 GBP | ||||
| 32 17/19p ordinary | Purchase | 55,926 | 4.6369 GBP | ||||
| 32 17/19p ordinary | Purchase | 53,050 | 4.6474 GBP | ||||
| 32 17/19p ordinary | Purchase | 51,024 | 4.6328 GBP | ||||
| 32 17/19p ordinary | Purchase | 49,474 | 4.6485 GBP | ||||
| 32 17/19p ordinary | Purchase | 45,422 | 4.6389 GBP | ||||
| 32 17/19p ordinary | Purchase | 34,334 | 4.6439 GBP | ||||
| 32 17/19p ordinary | Purchase | 31,732 | 4.6509 GBP | ||||
| 32 17/19p ordinary | Purchase | 30,549 | 4.6373 GBP | ||||
| 32 17/19p ordinary | Purchase | 18,986 | 4.6384 GBP | ||||
| 32 17/19p ordinary | Purchase | 18,432 | 4.6447 GBP | ||||
| 32 17/19p ordinary | Purchase | 14,322 | 4.6443 GBP | ||||
| 32 17/19p ordinary | Purchase | 13,671 | 4.6330 GBP | ||||
| 32 17/19p ordinary | Purchase | 12,170 | 4.6347 GBP | ||||
| 32 17/19p ordinary | Purchase | 10,298 | 4.6376 GBP | ||||
| 32 17/19p ordinary | Purchase | 9,363 | 4.6356 GBP | ||||
| 32 17/19p ordinary | Purchase | 7,684 | 4.6435 GBP | ||||
| 32 17/19p ordinary | Purchase | 7,527 | 4.6513 GBP | ||||
| 32 17/19p ordinary | Purchase | 7,518 | 4.6337 GBP | ||||
| 32 17/19p ordinary | Purchase | 7,424 | 4.6432 GBP | ||||
| 32 17/19p ordinary | Purchase | 7,090 | 4.6363 GBP | ||||
| 32 17/19p ordinary | Purchase | 6,740 | 4.6604 GBP | ||||
| 32 17/19p ordinary | Purchase | 4,840 | 4.6368 GBP | ||||
| 32 17/19p ordinary | Purchase | 4,152 | 4.6515 GBP | ||||
| 32 17/19p ordinary | Purchase | 3,272 | 4.6546 GBP | ||||
| 32 17/19p ordinary | Purchase | 2,875 | 4.6378 GBP | ||||
| 32 17/19p ordinary | Purchase | 2,785 | 4.6578 GBP | ||||
| 32 17/19p ordinary | Purchase | 2,501 | 4.6340 GBP | ||||
| ADR | Purchase | 2,400 | 11.9400 USD | ||||
| ADR | Purchase | 2,000 | 11.7900 USD | ||||
| 32 17/19p ordinary | Purchase | 1,512 | 4.6396 GBP | ||||
| 32 17/19p ordinary | Purchase | 1,033 | 4.6455 GBP | ||||
| 32 17/19p ordinary | Purchase | 983 | 4.6466 GBP | ||||
| 32 17/19p ordinary | Purchase | 968 | 4.6332 GBP | ||||
| 32 17/19p ordinary | Purchase | 903 | 4.6350 GBP | ||||
| 32 17/19p ordinary | Purchase | 871 | 4.6798 GBP | ||||
| 32 17/19p ordinary | Purchase | 865 | 4.6422 GBP | ||||
| 32 17/19p ordinary | Purchase | 764 | 4.6344 GBP | ||||
| 32 17/19p ordinary | Purchase | 734 | 4.6472 GBP | ||||
| 32 17/19p ordinary | Purchase | 699 | 4.6370 GBP | ||||
| 32 17/19p ordinary | Purchase | 699 | 4.6410 GBP | ||||
| 32 17/19p ordinary | Purchase | 699 | 4.6345 GBP | ||||
| 32 17/19p ordinary | Purchase | 642 | 4.6360 GBP | ||||
| 32 17/19p ordinary | Purchase | 632 | 4.6468 GBP | ||||
| 32 17/19p ordinary | Purchase | 521 | 4.6380 GBP | ||||
| 32 17/19p ordinary | Purchase | 408 | 4.6790 GBP | ||||
| 32 17/19p ordinary | Purchase | 375 | 4.6490 GBP | ||||
| 32 17/19p ordinary | Purchase | 297 | 4.6426 GBP | ||||
| 32 17/19p ordinary | Purchase | 180 | 4.6530 GBP | ||||
| 32 17/19p ordinary | Purchase | 167 | 4.6770 GBP | ||||
| 32 17/19p ordinary | Purchase | 85 | 4.6354 GBP | ||||
| 32 17/19p ordinary | Sale | 1,803,565 | 4.6390 GBP | ||||
| 32 17/19p ordinary | Sale | 156,261 | 4.6449 GBP | ||||
| 32 17/19p ordinary | Sale | 132,969 | 4.6396 GBP | ||||
| 32 17/19p ordinary | Sale | 79,553 | 4.6500 GBP | ||||
| 32 17/19p ordinary | Sale | 71,490 | 4.6395 GBP | ||||
| 32 17/19p ordinary | Sale | 70,291 | 4.6541 GBP | ||||
| 32 17/19p ordinary | Sale | 68,355 | 4.6586 GBP | ||||
| 32 17/19p ordinary | Sale | 32,847 | 4.6361 GBP | ||||
| 32 17/19p ordinary | Sale | 27,820 | 4.6425 GBP | ||||
| 32 17/19p ordinary | Sale | 13,671 | 4.6330 GBP | ||||
| 32 17/19p ordinary | Sale | 10,643 | 4.6410 GBP | ||||
| 32 17/19p ordinary | Sale | 6,158 | 4.6610 GBP | ||||
| 32 17/19p ordinary | Sale | 5,870 | 4.6339 GBP | ||||
| 32 17/19p ordinary | Sale | 4,233 | 4.6642 GBP | ||||
| 32 17/19p ordinary | Sale | 4,202 | 4.6424 GBP | ||||
| 32 17/19p ordinary | Sale | 4,094 | 4.6386 GBP | ||||
| 32 17/19p ordinary | Sale | 3,978 | 4.6380 GBP | ||||
| 32 17/19p ordinary | Sale | 2,447 | 4.6364 GBP | ||||
| ADR | Sale | 2,400 | 11.9400 USD | ||||
| 32 17/19p ordinary | Sale | 2,040 | 4.6335 GBP | ||||
| ADR | Sale | 2,000 | 11.7900 USD | ||||
| 32 17/19p ordinary | Sale | 1,356 | 4.6350 GBP | ||||
| 32 17/19p ordinary | Sale | 1,247 | 4.6570 GBP | ||||
| 32 17/19p ordinary | Sale | 1,135 | 4.6493 GBP | ||||
| 32 17/19p ordinary | Sale | 951 | 4.6770 GBP | ||||
| 32 17/19p ordinary | Sale | 882 | 4.6496 GBP | ||||
| 32 17/19p ordinary | Sale | 815 | 4.6474 GBP | ||||
| 32 17/19p ordinary | Sale | 715 | 4.6470 GBP | ||||
| 32 17/19p ordinary | Sale | 709 | 4.6360 GBP | ||||
| 32 17/19p ordinary | Sale | 699 | 4.6345 GBP | ||||
| 32 17/19p ordinary | Sale | 501 | 4.6440 GBP | ||||
| 32 17/19p ordinary | Sale | 411 | 4.6517 GBP | ||||
| 32 17/19p ordinary | Sale | 408 | 4.6790 GBP | ||||
| 32 17/19p ordinary | Sale | 404 | 4.6340 GBP | ||||
| 32 17/19p ordinary | Sale | 398 | 4.6423 GBP | ||||
| 32 17/19p ordinary | Sale | 341 | 4.6460 GBP | ||||
| 32 17/19p ordinary | Sale | 234 | 4.6438 GBP | ||||
| 32 17/19p ordinary | Sale | 191 | 4.6490 GBP | ||||
| 32 17/19p ordinary | Sale | 180 | 4.6530 GBP | ||||
| 32 17/19p ordinary | Sale | 170 | 4.6334 GBP | ||||
| 32 17/19p ordinary | Sale | 106 | 4.6769 GBP | ||||
| 32 17/19p ordinary | Sale | 53 | 4.6787 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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| securities |
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| 32 17/19p ordinary | SWAP | Decreasing Short | 1,213 | 4.6306 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 453 | 4.6350 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 751 | 4.6358 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 3,978 | 4.6380 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 17,748 | 4.6387 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 533,101 | 4.6390 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 26,948 | 4.6394 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 95,740 | 4.6398 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 79,553 | 4.6500 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 1,106 | 4.6515 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 70,291 | 4.6541 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 3,612 | 4.6646 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 1,962 | 4.6690 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 106 | 4.6769 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 53 | 4.6787 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 968 | 4.6332 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 12,458 | 4.6334 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 7,518 | 4.6337 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 764 | 4.6344 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 12,170 | 4.6347 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 85 | 4.6354 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 9,363 | 4.6356 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 55,926 | 4.6369 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 30,549 | 4.6373 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 2,875 | 4.6378 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 18,986 | 4.6384 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 25,641 | 4.6388 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 261,866 | 4.6390 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 54,977 | 4.6391 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 260,515 | 4.6393 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 1,512 | 4.6396 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 39,713 | 4.6409 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 34,334 | 4.6439 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 56,808 | 4.6440 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 74,228 | 4.6441 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 41,395 | 4.6461 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 632 | 4.6468 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 7,000 | 4.6477 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 71,951 | 4.6480 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 369 | 4.6506 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 620 | 4.6509 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 652 | 4.6510 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 160 | 4.6511 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 58,766 | 4.6517 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 213,280 | 4.6525 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 3,272 | 4.6546 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 14,368 | 4.6615 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 191,459 | 4.6710 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 1,053 | 4.6750 GBP | |||
| 32 17/19p ordinary | CFD | Increasing Long | 380 | 4.6346 GBP | |||
| 32 17/19p ordinary | CFD | Increasing Long | 20 | 4.6355 GBP | |||
| 32 17/19p ordinary | CFD | Increasing Long | 881,243 | 4.6390 GBP | |||
| 32 17/19p ordinary | CFD | Increasing Long | 1,352 | 4.6501 GBP | |||
| 32 17/19p ordinary | CFD | Increasing Long | 1,868 | 4.6585 GBP | |||
| 32 17/19p ordinary | CFD | Increasing Long | 68,355 | 4.6586 GBP | |||
| 32 17/19p ordinary | CFD | Decreasing Long | 2,400 | 4.6333 GBP | |||
| 32 17/19p ordinary | CFD | Decreasing Long | 1,000,128 | 4.6390 GBP | |||
| 32 17/19p ordinary | CFD | Decreasing Long | 71,490 | 4.6395 GBP | |||
| 32 17/19p ordinary | CFD | Opening Short | 18,432 | 4.6447 GBP | |||
| 32 17/19p ordinary | CFD | Increasing Short | 1,209 | 4.6749 GBP | |||
| 32 17/19p ordinary | CFD | Increasing Short | 6,330 | 4.6753 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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| securities | unit | |||
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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: | 19 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 | -322,253 | 4.2985 | European |
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| 32 17/19p ordinary | Call Options | Written | -310,595 | 4.5547 | European |
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| 32 17/19p ordinary | Call Options | Written | -241,308 | 4.4050 | European |
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| 32 17/19p ordinary | Call Options | Written | -120,787 | 5.3305 | European |
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| 32 17/19p ordinary | Call Options | Written | -104,577 | 5.3176 | European |
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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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