| 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: | 23 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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| 22,054,462 | 0.82% | 15,544,933 | 0.58% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 1,418,415 | 0.05% | 18,205,695 | 0.68% |
| (3) | Stock-settled derivatives (including options) |
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| and agreements to purchase/sell: |
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| 0 | 0.00% | 788,931 | 0.03% |
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| TOTAL: |
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| 23,472,877 | 0.88% | 34,539,559 | 1.29% |
| (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 | 496,036 | 4.6240 GBP | ||||
| 32 17/19p ordinary | Purchase | 256,530 | 4.6032 GBP | ||||
| 32 17/19p ordinary | Purchase | 193,710 | 4.6090 GBP | ||||
| 32 17/19p ordinary | Purchase | 104,216 | 4.6160 GBP | ||||
| 32 17/19p ordinary | Purchase | 100,710 | 4.5896 GBP | ||||
| 32 17/19p ordinary | Purchase | 77,108 | 4.6243 GBP | ||||
| 32 17/19p ordinary | Purchase | 62,577 | 4.6012 GBP | ||||
| 32 17/19p ordinary | Purchase | 57,650 | 4.6125 GBP | ||||
| 32 17/19p ordinary | Purchase | 57,585 | 4.6088 GBP | ||||
| 32 17/19p ordinary | Purchase | 35,429 | 4.6084 GBP | ||||
| 32 17/19p ordinary | Purchase | 33,844 | 4.5960 GBP | ||||
| 32 17/19p ordinary | Purchase | 25,080 | 4.5547 GBP | ||||
| 32 17/19p ordinary | Purchase | 20,731 | 4.6053 GBP | ||||
| 32 17/19p ordinary | Purchase | 19,693 | 4.5975 GBP | ||||
| 32 17/19p ordinary | Purchase | 11,158 | 4.5531 GBP | ||||
| 32 17/19p ordinary | Purchase | 10,254 | 4.5636 GBP | ||||
| 32 17/19p ordinary | Purchase | 9,606 | 4.5831 GBP | ||||
| 32 17/19p ordinary | Purchase | 6,722 | 4.5992 GBP | ||||
| 32 17/19p ordinary | Purchase | 6,678 | 4.6004 GBP | ||||
| 32 17/19p ordinary | Purchase | 4,914 | 4.5760 GBP | ||||
| 32 17/19p ordinary | Purchase | 4,629 | 4.6044 GBP | ||||
| 32 17/19p ordinary | Purchase | 3,842 | 4.5734 GBP | ||||
| 32 17/19p ordinary | Purchase | 3,409 | 4.5971 GBP | ||||
| 32 17/19p ordinary | Purchase | 3,261 | 4.5730 GBP | ||||
| 32 17/19p ordinary | Purchase | 2,695 | 4.5865 GBP | ||||
| 32 17/19p ordinary | Purchase | 2,609 | 4.6062 GBP | ||||
| 32 17/19p ordinary | Purchase | 2,123 | 4.6101 GBP | ||||
| 32 17/19p ordinary | Purchase | 1,567 | 4.6013 GBP | ||||
| 32 17/19p ordinary | Purchase | 1,331 | 4.5769 GBP | ||||
| 32 17/19p ordinary | Purchase | 1,205 | 4.6121 GBP | ||||
| 32 17/19p ordinary | Purchase | 978 | 4.6133 GBP | ||||
| 32 17/19p ordinary | Purchase | 897 | 4.5780 GBP | ||||
| 32 17/19p ordinary | Purchase | 581 | 4.5790 GBP | ||||
| 32 17/19p ordinary | Purchase | 518 | 4.5550 GBP | ||||
| 32 17/19p ordinary | Purchase | 475 | 4.6000 GBP | ||||
| 32 17/19p ordinary | Purchase | 306 | 4.5995 GBP | ||||
| 32 17/19p ordinary | Purchase | 225 | 4.6070 GBP | ||||
| 32 17/19p ordinary | Purchase | 189 | 4.6050 GBP | ||||
| 32 17/19p ordinary | Purchase | 121 | 4.6020 GBP | ||||
| 32 17/19p ordinary | Purchase | 57 | 4.6120 GBP | ||||
| 32 17/19p ordinary | Purchase | 6 | 4.6066 GBP | ||||
| 32 17/19p ordinary | Sale | 549,707 | 4.5940 GBP | ||||
| 32 17/19p ordinary | Sale | 539,699 | 4.6161 GBP | ||||
| 32 17/19p ordinary | Sale | 339,867 | 4.6105 GBP | ||||
| 32 17/19p ordinary | Sale | 264,896 | 4.6207 GBP | ||||
| 32 17/19p ordinary | Sale | 92,481 | 4.6032 GBP | ||||
| 32 17/19p ordinary | Sale | 92,343 | 4.6013 GBP | ||||
| 32 17/19p ordinary | Sale | 85,190 | 4.5953 GBP | ||||
| 32 17/19p ordinary | Sale | 73,123 | 4.6063 GBP | ||||
| 32 17/19p ordinary | Sale | 62,711 | 4.5983 GBP | ||||
| 32 17/19p ordinary | Sale | 40,136 | 4.5921 GBP | ||||
| 32 17/19p ordinary | Sale | 38,078 | 4.5965 GBP | ||||
| 32 17/19p ordinary | Sale | 21,951 | 4.6240 GBP | ||||
| 32 17/19p ordinary | Sale | 17,638 | 4.5868 GBP | ||||
| 32 17/19p ordinary | Sale | 12,937 | 4.6230 GBP | ||||
| 32 17/19p ordinary | Sale | 9,126 | 4.6052 GBP | ||||
| 32 17/19p ordinary | Sale | 8,349 | 4.5925 GBP | ||||
| 32 17/19p ordinary | Sale | 5,261 | 4.5787 GBP | ||||
| 32 17/19p ordinary | Sale | 4,700 | 4.5755 GBP | ||||
| 32 17/19p ordinary | Sale | 3,865 | 4.5862 GBP | ||||
| 32 17/19p ordinary | Sale | 3,422 | 4.6073 GBP | ||||
| 32 17/19p ordinary | Sale | 3,261 | 4.5730 GBP | ||||
| 32 17/19p ordinary | Sale | 2,746 | 4.6107 GBP | ||||
| 32 17/19p ordinary | Sale | 2,731 | 4.6028 GBP | ||||
| 32 17/19p ordinary | Sale | 2,695 | 4.5869 GBP | ||||
| 32 17/19p ordinary | Sale | 2,563 | 4.5778 GBP | ||||
| 32 17/19p ordinary | Sale | 1,941 | 4.5971 GBP | ||||
| 32 17/19p ordinary | Sale | 1,286 | 4.6000 GBP | ||||
| 32 17/19p ordinary | Sale | 1,273 | 4.6140 GBP | ||||
| 32 17/19p ordinary | Sale | 927 | 4.5772 GBP | ||||
| 32 17/19p ordinary | Sale | 825 | 4.6151 GBP | ||||
| 32 17/19p ordinary | Sale | 581 | 4.5790 GBP | ||||
| 32 17/19p ordinary | Sale | 556 | 4.5696 GBP | ||||
| 32 17/19p ordinary | Sale | 491 | 4.6050 GBP | ||||
| 32 17/19p ordinary | Sale | 373 | 4.6131 GBP | ||||
| 32 17/19p ordinary | Sale | 341 | 4.5650 GBP | ||||
| 32 17/19p ordinary | Sale | 121 | 4.6020 GBP | ||||
| 32 17/19p ordinary | Sale | 2 | 4.6216 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 | 556 | 4.5696 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 3,865 | 4.5862 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 549,707 | 4.5940 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 1,066 | 4.5974 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 62,711 | 4.5983 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 52,686 | 4.6009 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 92,343 | 4.6013 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 30,595 | 4.6023 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 491 | 4.6050 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 73,123 | 4.6063 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 28,493 | 4.6099 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 65,588 | 4.6101 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 133,564 | 4.6229 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 12,937 | 4.6230 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 185,147 | 4.6239 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 36,438 | 4.6240 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 518 | 4.5550 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 10,254 | 4.5636 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 2,664 | 4.5766 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 1,331 | 4.5769 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 897 | 4.5780 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 22,420 | 4.5887 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 3,409 | 4.5971 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 13,814 | 4.5975 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 62,577 | 4.6012 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 162,899 | 4.6016 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 3,187 | 4.6032 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 90,450 | 4.6062 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 225 | 4.6070 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 34,592 | 4.6084 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 284,100 | 4.6240 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 77,108 | 4.6243 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Long | 449 | 4.6140 GBP | |||
| 32 17/19p ordinary | CFD | Decreasing Short | 24,782 | 4.5732 GBP | |||
| 32 17/19p ordinary | CFD | Decreasing Short | 67,241 | 4.5744 GBP | |||
| 32 17/19p ordinary | CFD | Decreasing Short | 5,224 | 4.6138 GBP | |||
| 32 17/19p ordinary | CFD | Decreasing Short | 22,985 | 4.6235 GBP | |||
| 32 17/19p ordinary | CFD | Decreasing Short | 27,458 | 4.6239 GBP | |||
| 32 17/19p ordinary | CFD | Increasing Short | 320 | 4.5543 GBP | |||
| 32 17/19p ordinary | CFD | Increasing Short | 2,344 | 4.5575 GBP | |||
| 32 17/19p ordinary | CFD | Increasing Short | 80 | 4.5613 GBP | |||
| 32 17/19p ordinary | CFD | Increasing Short | 1,352 | 4.5730 GBP | |||
| 32 17/19p ordinary | CFD | Increasing Short | 19,940 | 4.5954 GBP | |||
| 32 17/19p ordinary | CFD | Increasing Short | 27,458 | 4.6239 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: | 24 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 | -322,247 | 4.2985 | European | 11 Mar 2025 | |
| 32 17/19p ordinary | Call Options | Written | -241,319 | 4.4050 | European | 06 May 2025 | |
| 32 17/19p ordinary | Call Options | Written | -120,788 | 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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