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: | 23 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 | 3,192,845 | 4.6240 GBP | 4.5460 GBP |
32 17/19p ordinary | Sales | 3,154,834 | 4.6240 GBP | 4.5480 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 long position | 53 | 4.5531 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 439 | 4.5531 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 1,637 | 4.5531 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 46 | 4.5531 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 28 | 4.5540 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 130 | 4.5547 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 77,814 | 4.5591 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 3 | 4.5645 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 107 | 4.5645 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 142 | 4.5645 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 3 | 4.5645 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 29 | 4.5645 GBP |
32 17/19p ordinary | CFD | Opening a long position | 22,664 | 4.5649 GBP |
32 17/19p ordinary | CFD | Opening a long position | 50,444 | 4.5649 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 15 | 4.5678 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 129 | 4.5678 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 482 | 4.5678 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 14 | 4.5678 GBP |
32 17/19p ordinary | CFD | Opening a long position | 22,664 | 4.5686 GBP |
32 17/19p ordinary | CFD | Opening a long position | 50,444 | 4.5686 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 87 | 4.5706 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 159 | 4.5708 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 1,352 | 4.5708 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 5,057 | 4.5708 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 141 | 4.5708 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 54,392 | 4.5713 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 1 | 4.5746 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 26,247 | 4.5754 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 190 | 4.5799 GBP |
32 17/19p ordinary | CFD | Opening a long position | 13,511 | 4.5847 GBP |
32 17/19p ordinary | CFD | Opening a long position | 13,511 | 4.5860 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 482 | 4.5869 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 203 | 4.5875 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 658 | 4.5907 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 2 | 4.5910 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 241 | 4.5917 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 4,632 | 4.5919 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 4,665 | 4.5930 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,068 | 4.5943 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 286 | 4.5943 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 705 | 4.5967 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 189 | 4.5967 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 2,757 | 4.5971 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 50,600 | 4.6012 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 34,404 | 4.6013 GBP |
32 17/19p ordinary | CFD | Opening a long position | 2,078 | 4.6021 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 1,197 | 4.6021 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 22,936 | 4.6039 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 17,100 | 4.6046 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 2,200 | 4.6046 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 1,902 | 4.6046 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 4,400 | 4.6046 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 8,900 | 4.6046 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 4,600 | 4.6046 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 16,000 | 4.6046 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 7,600 | 4.6046 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 35,600 | 4.6046 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 4,279 | 4.6046 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 2,900 | 4.6046 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 400 | 4.6046 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 241 | 4.6046 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 600 | 4.6046 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 1,300 | 4.6046 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 100 | 4.6046 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 300 | 4.6046 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 800 | 4.6046 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 100 | 4.6046 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 30 | 4.6046 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 200 | 4.6046 GBP |
32 17/19p ordinary | CFD | Opening a long position | 28,307 | 4.6058 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 27,631 | 4.6066 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 133,885 | 4.6066 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 13,750 | 4.6066 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 173,902 | 4.6066 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 50,825 | 4.6066 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 30,057 | 4.6066 GBP |
32 17/19p ordinary | CFD | Opening a long position | 133,452 | 4.6068 GBP |
32 17/19p ordinary | CFD | Opening a long position | 133,452 | 4.6069 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 1,600 | 4.6070 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 977 | 4.6072 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 48,432 | 4.6076 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 7,185 | 4.6080 GBP |
32 17/19p ordinary | CFD | Opening a long position | 34,582 | 4.6091 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 20,362 | 4.6096 GBP |
32 17/19p ordinary | CFD | Opening a long position | 15 | 4.6105 GBP |
32 17/19p ordinary | CFD | Opening a long position | 20 | 4.6105 GBP |
32 17/19p ordinary | CFD | Opening a long position | 88 | 4.6105 GBP |
32 17/19p ordinary | CFD | Opening a long position | 80 | 4.6105 GBP |
32 17/19p ordinary | CFD | Opening a long position | 163 | 4.6105 GBP |
32 17/19p ordinary | CFD | Opening a long position | 19 | 4.6105 GBP |
32 17/19p ordinary | CFD | Opening a long position | 53 | 4.6105 GBP |
32 17/19p ordinary | CFD | Opening a long position | 11 | 4.6105 GBP |
32 17/19p ordinary | CFD | Opening a long position | 5 | 4.6105 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 1,069 | 4.6110 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 8,844 | 4.6110 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 33,024 | 4.6110 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 951 | 4.6110 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 67 | 4.6116 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 381 | 4.6119 GBP |
32 17/19p ordinary | CFD | Opening a long position | 8,509 | 4.6120 GBP |
32 17/19p ordinary | CFD | Opening a long position | 8,509 | 4.6120 GBP |
32 17/19p ordinary | CFD | Opening a long position | 17,819 | 4.6121 GBP |
32 17/19p ordinary | CFD | Opening a long position | 17,819 | 4.6121 GBP |
32 17/19p ordinary | CFD | Opening a long position | 1,401 | 4.6121 GBP |
32 17/19p ordinary | CFD | Opening a long position | 1,401 | 4.6121 GBP |
32 17/19p ordinary | CFD | Opening a long position | 400 | 4.6121 GBP |
32 17/19p ordinary | CFD | Opening a long position | 400 | 4.6121 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 28 | 4.6123 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 234 | 4.6123 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 872 | 4.6123 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 25 | 4.6123 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 7,004 | 4.6159 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 935 | 4.6168 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,302 | 4.6173 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 38,566 | 4.6173 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 1,157 | 4.6173 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 10,328 | 4.6173 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 83,349 | 4.6214 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 26,400 | 4.6218 GBP |
32 17/19p ordinary | CFD | Opening a long position | 25,037 | 4.6234 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 130 | 4.6234 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 17,184 | 4.6239 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 27,246 | 4.6239 GBP |
32 17/19p ordinary | CFD | Reducing a short position | 12,158 | 4.6240 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 148,224 | 4.6240 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 183,630 | 4.6240 GBP |
32 17/19p ordinary | CFD | Increasing a long position | 996,170 | 4.6240 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 2,078 | 4.6240 GBP |
32 17/19p ordinary | CFD | Opening a short position | 1,031,548 | 4.6240 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 34,582 | 4.6240 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 44,268 | 4.6243 GBP |
32 17/19p ordinary | CFD | Reducing a long position | 16,272 | 4.6245 GBP |
32 17/19p ordinary | CFD | Increasing a short position | 32 | 4.6245 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: | 24 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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