Source - LSE Regulatory
RNS Number : 4836R
BNP Paribas London
27 December 2024
 

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:

 

BNP Paribas SA

 (b)  Owner or controller of interests and short positions disclosed, if different from 1(a):

       The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.


 (c)  Name of offeror/offeree in relation to whose relevant securities this form relates:

       Use a separate form for each offeror/offeree

Direct Line Insurance Group plc

 (d)  If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:


 (e)  Date position held/dealing undertaken:

       For an opening position disclosure, state the latest practicable date prior to the disclosure

24/12/2024

 (f)  In addition to the company in 1(c) above, is the discloser 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: Aviva plc

 

2.

POSITIONS OF THE PERSON MAKING THE DISCLOSURE


 

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.


 

(a)

Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)


 

Class of relevant security:

 

GB00BY9D0Y18 (10 10/11p ordinary)

 

 

 

Interests

 

Short Positions

 

 


Number

%

Number

%

  (1) Relevant securities owned and/or controlled:

          33,883,922

   2.58

         -29,028,012

  -2.21

  (2) Cash-settled derivatives:

 

           6,163,001

    .47

         -23,513,179

  -1.79

  (3) Stock-settled derivatives (including options) and agreements to purchase/sell:

                   0


                   0


       TOTAL:

          40,046,923

   3.05

         -52,541,191

  -4.01

 

All interests and all short positions should be disclosed.


 

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).


 

(b)

Rights to subscribe for new securities (including directors'' and other employee options)


 

Class of relevant security in relation to which subscription right exists:


Details, including nature of the rights concerned and relevant percentages:


 

3.

DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE


 

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(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

Purchase/sale

Number of

securities

Price per unit

GB00BY9D0Y18

Purchase

                   6

               2.5280 GBP

GB00BY9D0Y18

Purchase

                   8

               2.5280 GBP

GB00BY9D0Y18

Purchase

                  24

               2.5280 GBP

GB00BY9D0Y18

Purchase

                  32

               2.5300 GBP

GB00BY9D0Y18

Purchase

                  34

               2.5320 GBP

GB00BY9D0Y18

Purchase

                  91

               2.5280 GBP

GB00BY9D0Y18

Purchase

                 108

               2.5280 GBP

GB00BY9D0Y18

Purchase

                 119

               2.5380 GBP

GB00BY9D0Y18

Purchase

                 158

               2.5280 GBP

GB00BY9D0Y18

Purchase

                 166

               2.5280 GBP

GB00BY9D0Y18

Purchase

                 178

               2.5300 GBP

GB00BY9D0Y18

Purchase

                 185

               2.5260 GBP

GB00BY9D0Y18

Purchase

                 208

               2.5300 GBP

GB00BY9D0Y18

Purchase

                 221

               2.5280 GBP

GB00BY9D0Y18

Purchase

                 234

               2.5280 GBP

GB00BY9D0Y18

Purchase

                 297

               2.5280 GBP

GB00BY9D0Y18

Purchase

                 318

               2.5320 GBP

GB00BY9D0Y18

Purchase

                 335

               2.5260 GBP

GB00BY9D0Y18

Purchase

                 354

               2.5280 GBP

GB00BY9D0Y18

Purchase

                 409

               2.5280 GBP

GB00BY9D0Y18

Purchase

                 427

               2.5300 GBP

GB00BY9D0Y18

Purchase

                 428

               2.5300 GBP

GB00BY9D0Y18

Purchase

                 432

               2.5280 GBP

GB00BY9D0Y18

Purchase

                 441

               2.5280 GBP

GB00BY9D0Y18

Purchase

                 444

               2.5280 GBP

GB00BY9D0Y18

Purchase

                 482

               2.5300 GBP

GB00BY9D0Y18

Purchase

                 488

               2.5280 GBP

GB00BY9D0Y18

Purchase

                 530

               2.5280 GBP

GB00BY9D0Y18

Purchase

                 530

               2.5280 GBP

GB00BY9D0Y18

Purchase

                 530

               2.5280 GBP

GB00BY9D0Y18

Purchase

                 530

               2.5300 GBP

GB00BY9D0Y18

Purchase

                 530

               2.5300 GBP

GB00BY9D0Y18

Purchase

                 530

               2.5300 GBP

GB00BY9D0Y18

Purchase

                 530

               2.5300 GBP

GB00BY9D0Y18

Purchase

                 530

               2.5320 GBP

GB00BY9D0Y18

Purchase

                 534

               2.5300 GBP

GB00BY9D0Y18

Purchase

                 538

               2.5300 GBP

GB00BY9D0Y18

Purchase

                 538

               2.5300 GBP

GB00BY9D0Y18

Purchase

                 566

               2.5300 GBP

GB00BY9D0Y18

Purchase

                 590

               2.5300 GBP

GB00BY9D0Y18

Purchase

                 600

               2.5280 GBP

GB00BY9D0Y18

Purchase

                 600

               2.5280 GBP

GB00BY9D0Y18

Purchase

                 600

               2.5300 GBP

GB00BY9D0Y18

Purchase

                 603

               2.5280 GBP

GB00BY9D0Y18

Purchase

                 624

               2.5300 GBP

GB00BY9D0Y18

Purchase

                 624

               2.5300 GBP

GB00BY9D0Y18

Purchase

                 638

               2.5231 GBP

GB00BY9D0Y18

Purchase

                 671

               2.5300 GBP

GB00BY9D0Y18

Purchase

                 671

               2.5300 GBP

GB00BY9D0Y18

Purchase

                 718

               2.5280 GBP

GB00BY9D0Y18

Purchase

                 736

               2.5280 GBP

GB00BY9D0Y18

Purchase

                 745

               2.5300 GBP

GB00BY9D0Y18

Purchase

                 767

               2.5260 GBP

GB00BY9D0Y18

Purchase

                 781

               2.5300 GBP

GB00BY9D0Y18

Purchase

                 790

               2.5280 GBP

GB00BY9D0Y18

Purchase

                 793

               2.5280 GBP

GB00BY9D0Y18

Purchase

                 802

               2.5220 GBP

GB00BY9D0Y18

Purchase

                 812

               2.5280 GBP

GB00BY9D0Y18

Purchase

                 855

               2.5300 GBP

GB00BY9D0Y18

Purchase

                 977

               2.5300 GBP

GB00BY9D0Y18

Purchase

                 982

               2.5260 GBP

GB00BY9D0Y18

Purchase

                 982

               2.5260 GBP

GB00BY9D0Y18

Purchase

                 992

               2.5280 GBP

GB00BY9D0Y18

Purchase

               1,000

               2.5220 GBP

GB00BY9D0Y18

Purchase

               1,013

               2.5280 GBP

GB00BY9D0Y18

Purchase

               1,045

               2.5300 GBP

GB00BY9D0Y18

Purchase

               1,052

               2.5280 GBP

GB00BY9D0Y18

Purchase

               1,053

               2.5300 GBP

GB00BY9D0Y18

Purchase

               1,060

               2.5280 GBP

GB00BY9D0Y18

Purchase

               1,116

               2.5280 GBP

GB00BY9D0Y18

Purchase

               1,160

               2.5280 GBP

GB00BY9D0Y18

Purchase

               1,160

               2.5280 GBP

GB00BY9D0Y18

Purchase

               1,171

               2.5280 GBP

GB00BY9D0Y18

Purchase

               1,202

               2.5280 GBP

GB00BY9D0Y18

Purchase

               1,203

               2.5300 GBP

GB00BY9D0Y18

Purchase

               1,224

               2.5240 GBP

GB00BY9D0Y18

Purchase

               1,243

               2.5280 GBP

GB00BY9D0Y18

Purchase

               1,243

               2.5280 GBP

GB00BY9D0Y18

Purchase

               1,250

               2.5300 GBP

GB00BY9D0Y18

Purchase

               1,255

               2.5280 GBP

GB00BY9D0Y18

Purchase

               1,297

               2.5220 GBP

GB00BY9D0Y18

Purchase

               1,297

               2.5280 GBP

GB00BY9D0Y18

Purchase

               1,321

               2.5280 GBP

GB00BY9D0Y18

Purchase

               1,457

               2.5280 GBP

GB00BY9D0Y18

Purchase

               1,457

               2.5280 GBP

GB00BY9D0Y18

Purchase

               1,457

               2.5280 GBP

GB00BY9D0Y18

Purchase

               1,457

               2.5280 GBP

GB00BY9D0Y18

Purchase

               1,457

               2.5280 GBP

GB00BY9D0Y18

Purchase

               1,457

               2.5280 GBP

GB00BY9D0Y18

Purchase

               1,457

               2.5280 GBP

GB00BY9D0Y18

Purchase

               1,475

               2.5300 GBP

GB00BY9D0Y18

Purchase

               1,475

               2.5300 GBP

GB00BY9D0Y18

Purchase

               1,511

               2.5280 GBP

GB00BY9D0Y18

Purchase

               1,555

               2.5300 GBP

GB00BY9D0Y18

Purchase

               1,589

               2.5280 GBP

GB00BY9D0Y18

Purchase

               1,604

               2.5220 GBP

GB00BY9D0Y18

Purchase

               1,632

               2.5300 GBP

GB00BY9D0Y18

Purchase

               1,649

               2.5300 GBP

GB00BY9D0Y18

Purchase

               1,668

               2.5240 GBP

GB00BY9D0Y18

Purchase

               1,722

               2.5300 GBP

GB00BY9D0Y18

Purchase

               1,712,271

               2.5300 GBP

GB00BY9D0Y18

Purchase

               1,741

               2.5300 GBP

GB00BY9D0Y18

Purchase

               1,743

               2.5240 GBP

GB00BY9D0Y18

Purchase

               1,838

               2.5300 GBP

GB00BY9D0Y18

Purchase

               1,893

               2.5300 GBP

GB00BY9D0Y18

Purchase

               1,910

               2.5280 GBP

GB00BY9D0Y18

Purchase

               1,925

               2.5300 GBP

GB00BY9D0Y18

Purchase

               1,925

               2.5300 GBP

GB00BY9D0Y18

Purchase

               1,937

               2.5300 GBP

GB00BY9D0Y18

Purchase

               1,971

               2.5200 GBP

GB00BY9D0Y18

Purchase

               2,179

               2.5280 GBP

GB00BY9D0Y18

Purchase

               2,201

               2.5280 GBP

GB00BY9D0Y18

Purchase

               2,207

               2.5280 GBP

GB00BY9D0Y18

Purchase

               2,207

               2.5280 GBP

GB00BY9D0Y18

Purchase

               2,207

               2.5280 GBP

GB00BY9D0Y18

Purchase

               2,207

               2.5280 GBP

GB00BY9D0Y18

Purchase

               2,245

               2.5280 GBP

GB00BY9D0Y18

Purchase

               2,270

               2.5200 GBP

GB00BY9D0Y18

Purchase

               2,295

               2.5300 GBP

GB00BY9D0Y18

Purchase

               2,455

               2.5280 GBP

GB00BY9D0Y18

Purchase

               2,455

               2.5280 GBP

GB00BY9D0Y18

Purchase

               2,486

               2.5280 GBP

GB00BY9D0Y18

Purchase

               2,486

               2.5300 GBP

GB00BY9D0Y18

Purchase

               2,500

               2.5260 GBP

GB00BY9D0Y18

Purchase

               2,503

               2.5200 GBP

GB00BY9D0Y18

Purchase

               2,503

               2.5220 GBP

GB00BY9D0Y18

Purchase

               2,503

               2.5220 GBP

GB00BY9D0Y18

Purchase

               2,503

               2.5240 GBP

GB00BY9D0Y18

Purchase

               2,503

               2.5240 GBP

GB00BY9D0Y18

Purchase

               2,503

               2.5240 GBP

GB00BY9D0Y18

Purchase

               2,503

               2.5240 GBP

GB00BY9D0Y18

Purchase

               2,503

               2.5240 GBP

GB00BY9D0Y18

Purchase

               2,503

               2.5260 GBP

GB00BY9D0Y18

Purchase

               2,503

               2.5260 GBP

GB00BY9D0Y18

Purchase

               2,503

               2.5260 GBP

GB00BY9D0Y18

Purchase

               2,503

               2.5280 GBP

GB00BY9D0Y18

Purchase

               2,503

               2.5280 GBP

GB00BY9D0Y18

Purchase

               2,503

               2.5280 GBP

GB00BY9D0Y18

Purchase

               2,503

               2.5280 GBP

GB00BY9D0Y18

Purchase

               2,503

               2.5280 GBP

GB00BY9D0Y18

Purchase

               2,503

               2.5280 GBP

GB00BY9D0Y18

Purchase

               2,503

               2.5300 GBP

GB00BY9D0Y18

Purchase

               2,503

               2.5300 GBP

GB00BY9D0Y18

Purchase

               2,503

               2.5300 GBP

GB00BY9D0Y18

Purchase

               2,503

               2.5300 GBP

GB00BY9D0Y18

Purchase

               3,645

               2.5300 GBP

GB00BY9D0Y18

Purchase

               3,943

               2.5200 GBP

GB00BY9D0Y18

Purchase

               4,202

               2.5306 GBP

GB00BY9D0Y18

Purchase

               5,630

               2.5380 GBP

GB00BY9D0Y18

Purchase

               8,204

               2.5380 GBP

GB00BY9D0Y18

Purchase

              13,866

               2.5380 GBP

GB00BY9D0Y18

Purchase

              15,893

               2.5380 GBP

GB00BY9D0Y18

Purchase

              17,480

               2.5380 GBP

GB00BY9D0Y18

Purchase

              22,199

               2.5380 GBP

GB00BY9D0Y18

Purchase

              36,087

               2.5380 GBP

GB00BY9D0Y18

Purchase

              40,067

               2.5380 GBP

GB00BY9D0Y18

Purchase

              40,455

               2.5380 GBP

GB00BY9D0Y18

Purchase

              51,073

               2.5285 GBP

GB00BY9D0Y18

Purchase

             232,850

               2.5300 GBP

GB00BY9D0Y18

Purchase

             335,936

               2.5300 GBP

GB00BY9D0Y18

Sale

            -725,676

               2.5320 GBP

GB00BY9D0Y18

Sale

            -333,145

               2.5300 GBP

GB00BY9D0Y18

Sale

            -252,071

               2.5281 GBP

GB00BY9D0Y18

Sale

            -117,346

               2.5300 GBP

GB00BY9D0Y18

Sale

             -49,509

               2.5300 GBP

GB00BY9D0Y18

Sale

             -45,000

               2.5235 GBP

GB00BY9D0Y18

Sale

             -38,905

               2.5331 GBP

GB00BY9D0Y18

Sale

             -24,155

               2.5258 GBP

GB00BY9D0Y18

Sale

              -5,914

               2.5380 GBP

GB00BY9D0Y18

Sale

              -5,063

               2.5309 GBP

GB00BY9D0Y18

Sale

              -2,995

               2.5380 GBP

GB00BY9D0Y18

Sale

              -2,107

               2.5340 GBP

GB00BY9D0Y18

Sale

              -2,068

               2.5340 GBP

GB00BY9D0Y18

Sale

              -1,879

               2.5340 GBP

GB00BY9D0Y18

Sale

              -1,508

               2.5340 GBP

GB00BY9D0Y18

Sale

              -1,393

               2.5340 GBP

GB00BY9D0Y18

Sale

              -1,207

               2.5340 GBP

GB00BY9D0Y18

Sale

              -1,174

               2.5340 GBP

GB00BY9D0Y18

Sale

                -660

               2.5340 GBP

GB00BY9D0Y18

Sale

                -570

               2.5360 GBP

GB00BY9D0Y18

Sale

                -568

               2.5340 GBP

GB00BY9D0Y18

Sale

                -530

               2.5320 GBP

GB00BY9D0Y18

Sale

                -530

               2.5340 GBP

GB00BY9D0Y18

Sale

                -530

               2.5340 GBP

GB00BY9D0Y18

Sale

                -530

               2.5340 GBP

GB00BY9D0Y18

Sale

                -530

               2.5360 GBP

GB00BY9D0Y18

Sale

                -381

               2.5340 GBP

GB00BY9D0Y18

Sale

                -339

               2.5360 GBP

GB00BY9D0Y18

Sale

                -268

               2.5340 GBP

GB00BY9D0Y18

Sale

                -221

               2.5340 GBP

GB00BY9D0Y18

Sale

                -217

               2.5360 GBP

GB00BY9D0Y18

Sale

                -211

               2.5340 GBP

GB00BY9D0Y18

Sale

                -210

               2.5340 GBP

GB00BY9D0Y18

Sale

                -191

               2.5340 GBP

GB00BY9D0Y18

Sale

                -174

               2.5340 GBP

GB00BY9D0Y18

Sale

                -172

               2.5360 GBP

GB00BY9D0Y18

Sale

                -166

               2.5360 GBP

GB00BY9D0Y18

Sale

                -153

               2.5320 GBP

GB00BY9D0Y18

Sale

                -151

               2.5360 GBP

GB00BY9D0Y18

Sale

                -137

               2.5340 GBP

GB00BY9D0Y18

Sale

                -137

               2.5340 GBP

GB00BY9D0Y18

Sale

                -100

               2.5340 GBP

GB00BY9D0Y18

Sale

                 -94

               2.5340 GBP

GB00BY9D0Y18

Sale

                 -90

               2.5340 GBP

GB00BY9D0Y18

Sale

                 -87

               2.5340 GBP

GB00BY9D0Y18

Sale

                 -72

               2.5320 GBP

GB00BY9D0Y18

Sale

                 -63

               2.5340 GBP

GB00BY9D0Y18

Sale

                 -62

               2.5360 GBP

GB00BY9D0Y18

Sale

                 -56

               2.5380 GBP

GB00BY9D0Y18

Sale

                 -51

               2.5360 GBP

GB00BY9D0Y18

Sale

                 -49

               2.5340 GBP

GB00BY9D0Y18

Sale

                 -48

               2.5360 GBP

GB00BY9D0Y18

Sale

                 -46

               2.5340 GBP

GB00BY9D0Y18

Sale

                 -46

               2.5360 GBP

GB00BY9D0Y18

Sale

                 -45

               2.5340 GBP

GB00BY9D0Y18

Sale

                 -41

               2.5320 GBP

GB00BY9D0Y18

Sale

                 -39

               2.5360 GBP

GB00BY9D0Y18

Sale

                 -38

               2.5340 GBP

GB00BY9D0Y18

Sale

                 -38

               2.5360 GBP

GB00BY9D0Y18

Sale

                 -36

               2.5320 GBP

GB00BY9D0Y18

Sale

                 -35

               2.5360 GBP

GB00BY9D0Y18

Sale

                 -12

               2.5340 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

references

securities

Price per

unit

GB00BY9D0Y18

Contract for Difference

Opening Short Position

              -4,202

               2.5380 GBP

GB00BY9D0Y18

Contract for Difference

Closing Short Position

           3,477,818

               2.5380

GB00BY9D0Y18

Contract for Difference

Closing Short Position

             359,774

               2.5380

GB00BY9D0Y18

Contract for Difference

Increasing Long Position

              37,008

               2.5380 GBP

GB00BY9D0Y18

Contract for Difference

Increasing Short Position

          -1,661,417

               2.5380

GB00BY9D0Y18

Contract for Difference

Increasing Short Position

             -50,854

               2.5380

GB00BY9D0Y18

Contract for Difference

Reducing Short Position

               1,259

               2.5380 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)

 

 

 

 

 

 

 

 

 

4.

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 person 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)

Indemnity and other dealing arrangements


 

Details of any agreement, arrangement or understanding, formal or informal, between the person 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

 

 

(c)

Attachments


 

Is a supplemental Form 8 (Open Positions) attached?

 

No

 

 

Date of Disclosure:

 

     27/12/2024

Contact Name

 

     Compliance Control Room

Telephone Number:

 

     0207 595 9695

 

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.


 

*If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel's Market Surveillance Unit.


 

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk


 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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END
 
 
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