| 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: | 27 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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| 22,511,314 | 0.84% | 16,161,872 | 0.60% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 2,073,210 | 0.08% | 18,666,559 | 0.70% |
| (3) | Stock-settled derivatives (including options) |
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| and agreements to purchase/sell: |
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| 0 | 0.00% | 788,927 | 0.03% |
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| TOTAL: |
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| 24,584,524 | 0.92% | 35,617,358 | 1.33% |
| (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 | 625,071 | 4.6563 GBP | ||||
| 32 17/19p ordinary | Purchase | 351,088 | 4.6600 GBP | ||||
| 32 17/19p ordinary | Purchase | 119,040 | 4.6250 GBP | ||||
| 32 17/19p ordinary | Purchase | 60,249 | 4.6237 GBP | ||||
| 32 17/19p ordinary | Purchase | 50,844 | 4.6244 GBP | ||||
| 32 17/19p ordinary | Purchase | 46,410 | 4.6416 GBP | ||||
| 32 17/19p ordinary | Purchase | 45,841 | 4.6229 GBP | ||||
| 32 17/19p ordinary | Purchase | 38,468 | 4.6280 GBP | ||||
| 32 17/19p ordinary | Purchase | 32,749 | 4.6412 GBP | ||||
| 32 17/19p ordinary | Purchase | 27,150 | 4.6571 GBP | ||||
| 32 17/19p ordinary | Purchase | 26,599 | 4.6569 GBP | ||||
| 32 17/19p ordinary | Purchase | 15,913 | 4.6411 GBP | ||||
| 32 17/19p ordinary | Purchase | 13,447 | 4.6293 GBP | ||||
| 32 17/19p ordinary | Purchase | 11,545 | 4.6418 GBP | ||||
| 32 17/19p ordinary | Purchase | 10,485 | 4.6224 GBP | ||||
| 32 17/19p ordinary | Purchase | 9,997 | 4.6568 GBP | ||||
| 32 17/19p ordinary | Purchase | 9,234 | 4.6350 GBP | ||||
| 32 17/19p ordinary | Purchase | 8,078 | 4.6352 GBP | ||||
| 32 17/19p ordinary | Purchase | 5,470 | 4.6221 GBP | ||||
| 32 17/19p ordinary | Purchase | 5,329 | 4.6180 GBP | ||||
| 32 17/19p ordinary | Purchase | 4,756 | 4.6200 GBP | ||||
| 32 17/19p ordinary | Purchase | 4,689 | 4.6254 GBP | ||||
| 32 17/19p ordinary | Purchase | 4,555 | 4.6340 GBP | ||||
| 32 17/19p ordinary | Purchase | 3,087 | 4.6166 GBP | ||||
| 32 17/19p ordinary | Purchase | 2,877 | 4.6464 GBP | ||||
| 32 17/19p ordinary | Purchase | 2,717 | 4.6188 GBP | ||||
| 32 17/19p ordinary | Purchase | 2,627 | 4.6311 GBP | ||||
| 32 17/19p ordinary | Purchase | 2,566 | 4.6567 GBP | ||||
| 32 17/19p ordinary | Purchase | 2,051 | 4.6473 GBP | ||||
| 32 17/19p ordinary | Purchase | 1,565 | 4.6330 GBP | ||||
| 32 17/19p ordinary | Purchase | 1,433 | 4.6420 GBP | ||||
| 32 17/19p ordinary | Purchase | 1,298 | 4.6236 GBP | ||||
| 32 17/19p ordinary | Purchase | 1,236 | 4.6490 GBP | ||||
| 32 17/19p ordinary | Purchase | 1,188 | 4.6238 GBP | ||||
| 32 17/19p ordinary | Purchase | 1,044 | 4.6308 GBP | ||||
| 32 17/19p ordinary | Purchase | 1,023 | 4.6415 GBP | ||||
| 32 17/19p ordinary | Purchase | 682 | 4.6417 GBP | ||||
| 32 17/19p ordinary | Purchase | 675 | 4.6270 GBP | ||||
| 32 17/19p ordinary | Purchase | 562 | 4.6460 GBP | ||||
| 32 17/19p ordinary | Purchase | 535 | 4.6310 GBP | ||||
| 32 17/19p ordinary | Purchase | 487 | 4.6230 GBP | ||||
| 32 17/19p ordinary | Purchase | 480 | 4.6380 GBP | ||||
| 32 17/19p ordinary | Purchase | 440 | 4.6430 GBP | ||||
| ADR | Purchase | 200 | 11.7900 USD | ||||
| 32 17/19p ordinary | Purchase | 169 | 4.6500 GBP | ||||
| 32 17/19p ordinary | Purchase | 99 | 4.6100 GBP | ||||
| 32 17/19p ordinary | Purchase | 61 | 4.6425 GBP | ||||
| 32 17/19p ordinary | Purchase | 1 | 4.6220 GBP | ||||
| 32 17/19p ordinary | Purchase | 1 | 4.6594 GBP | ||||
| 32 17/19p ordinary | Sale | 459,513 | 4.6603 GBP | ||||
| 32 17/19p ordinary | Sale | 243,960 | 4.6468 GBP | ||||
| 32 17/19p ordinary | Sale | 144,115 | 4.6590 GBP | ||||
| 32 17/19p ordinary | Sale | 136,263 | 4.6328 GBP | ||||
| 32 17/19p ordinary | Sale | 129,177 | 4.6515 GBP | ||||
| 32 17/19p ordinary | Sale | 127,704 | 4.6598 GBP | ||||
| 32 17/19p ordinary | Sale | 82,459 | 4.6251 GBP | ||||
| 32 17/19p ordinary | Sale | 42,381 | 4.6384 GBP | ||||
| 32 17/19p ordinary | Sale | 35,721 | 4.6430 GBP | ||||
| 32 17/19p ordinary | Sale | 34,385 | 4.6353 GBP | ||||
| 32 17/19p ordinary | Sale | 26,387 | 4.6262 GBP | ||||
| 32 17/19p ordinary | Sale | 25,030 | 4.6413 GBP | ||||
| 32 17/19p ordinary | Sale | 18,522 | 4.6600 GBP | ||||
| 32 17/19p ordinary | Sale | 9,685 | 4.6299 GBP | ||||
| 32 17/19p ordinary | Sale | 9,234 | 4.6396 GBP | ||||
| 32 17/19p ordinary | Sale | 8,279 | 4.6339 GBP | ||||
| 32 17/19p ordinary | Sale | 6,008 | 4.6291 GBP | ||||
| 32 17/19p ordinary | Sale | 4,756 | 4.6200 GBP | ||||
| 32 17/19p ordinary | Sale | 4,534 | 4.6113 GBP | ||||
| 32 17/19p ordinary | Sale | 4,293 | 4.6197 GBP | ||||
| 32 17/19p ordinary | Sale | 3,541 | 4.6160 GBP | ||||
| 32 17/19p ordinary | Sale | 3,101 | 4.6390 GBP | ||||
| 32 17/19p ordinary | Sale | 2,711 | 4.6210 GBP | ||||
| 32 17/19p ordinary | Sale | 2,495 | 4.6300 GBP | ||||
| 32 17/19p ordinary | Sale | 2,470 | 4.6280 GBP | ||||
| 32 17/19p ordinary | Sale | 2,399 | 4.6105 GBP | ||||
| 32 17/19p ordinary | Sale | 1,678 | 4.6460 GBP | ||||
| 32 17/19p ordinary | Sale | 1,544 | 4.6343 GBP | ||||
| 32 17/19p ordinary | Sale | 1,089 | 4.6081 GBP | ||||
| 32 17/19p ordinary | Sale | 675 | 4.6270 GBP | ||||
| 32 17/19p ordinary | Sale | 535 | 4.6310 GBP | ||||
| 32 17/19p ordinary | Sale | 533 | 4.6340 GBP | ||||
| 32 17/19p ordinary | Sale | 487 | 4.6230 GBP | ||||
| 32 17/19p ordinary | Sale | 480 | 4.6380 GBP | ||||
| 32 17/19p ordinary | Sale | 380 | 4.6260 GBP | ||||
| 32 17/19p ordinary | Sale | 366 | 4.6490 GBP | ||||
| 32 17/19p ordinary | Sale | 303 | 4.6055 GBP | ||||
| 32 17/19p ordinary | Sale | 287 | 4.6250 GBP | ||||
| ADR | Sale | 200 | 11.7900 USD | ||||
| 32 17/19p ordinary | Sale | 198 | 4.6290 GBP | ||||
| 32 17/19p ordinary | Sale | 143 | 4.6140 GBP | ||||
| 32 17/19p ordinary | Sale | 109 | 4.6119 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 | 109 | 4.6119 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 4,293 | 4.6197 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 2,315 | 4.6266 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 23,529 | 4.6314 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 1,500 | 4.6317 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 19,411 | 4.6325 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 157,067 | 4.6328 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 51,709 | 4.6332 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 132,857 | 4.6335 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 34,385 | 4.6353 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 7,936 | 4.6354 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 42,381 | 4.6384 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 25,030 | 4.6413 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 35,721 | 4.6430 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 144,115 | 4.6590 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 17,048 | 4.6594 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 6,709 | 4.6597 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 127,704 | 4.6598 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 27,763 | 4.6600 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 192 | 4.6112 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 3,087 | 4.6166 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 45,841 | 4.6229 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 30,983 | 4.6231 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 11,134 | 4.6236 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 29,266 | 4.6243 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 150,665 | 4.6250 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 26,745 | 4.6262 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 38,287 | 4.6280 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 677 | 4.6338 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 630 | 4.6357 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 242 | 4.6358 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 65 | 4.6360 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 592 | 4.6371 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 15,913 | 4.6411 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 32,749 | 4.6412 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 1,023 | 4.6415 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 46,410 | 4.6416 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 682 | 4.6417 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 11,545 | 4.6418 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 1,433 | 4.6420 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 1,012 | 4.6490 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 2,566 | 4.6567 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 9,997 | 4.6568 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 26,599 | 4.6569 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 27,150 | 4.6571 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 29,035 | 4.6572 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 220,055 | 4.6600 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 73,359 | 4.6603 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Long | 2,214 | 4.6277 GBP | |||
| 32 17/19p ordinary | CFD | Decreasing Short | 22,483 | 4.6091 GBP | |||
| 32 17/19p ordinary | CFD | Decreasing Short | 82,459 | 4.6251 GBP | |||
| 32 17/19p ordinary | CFD | Decreasing Short | 200 | 4.6326 GBP | |||
| 32 17/19p ordinary | CFD | Decreasing Short | 3,847 | 4.6551 GBP | |||
| 32 17/19p ordinary | CFD | Decreasing Short | 55,381 | 4.6595 GBP | |||
| 32 17/19p ordinary | CFD | Decreasing Short | 531 | 4.6600 GBP | |||
| 32 17/19p ordinary | CFD | Increasing Short | 99 | 4.6103 GBP | |||
| 32 17/19p ordinary | CFD | Increasing Short | 301 | 4.6170 GBP | |||
| 32 17/19p ordinary | CFD | Increasing Short | 5,329 | 4.6180 GBP | |||
| 32 17/19p ordinary | CFD | Increasing Short | 3,402 | 4.6203 GBP | |||
| 32 17/19p ordinary | CFD | Increasing Short | 2,051 | 4.6473 GBP | |||
| 32 17/19p ordinary | CFD | Increasing Short | 531 | 4.6600 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 | ||||
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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: | 30 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 | -322,241 | 4.2985 | European | 11 Mar 2025 | |
| 32 17/19p ordinary | Call Options | Written | -241,323 | 4.4050 | European | 06 May 2025 | |
| 32 17/19p ordinary | Call Options | Written | -120,787 | 5.3305 | European | 06 Jun 2025 | |
| 32 17/19p ordinary | Call Options | Written | -104,576 | 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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