| 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: | 30 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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| 22,268,200 | 0.83% | 17,173,078 | 0.64% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 3,083,049 | 0.12% | 18,386,403 | 0.69% |
| (3) | Stock-settled derivatives (including options) |
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| and agreements to purchase/sell: |
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| 0 | 0.00% | 788,950 | 0.03% |
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| TOTAL: |
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| 25,351,249 | 0.95% | 36,348,431 | 1.36% |
| (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 | 364,254 | 4.6526 GBP | ||||
| 32 17/19p ordinary | Purchase | 233,563 | 4.6550 GBP | ||||
| 32 17/19p ordinary | Purchase | 159,208 | 4.6491 GBP | ||||
| 32 17/19p ordinary | Purchase | 88,092 | 4.6282 GBP | ||||
| 32 17/19p ordinary | Purchase | 41,221 | 4.6304 GBP | ||||
| 32 17/19p ordinary | Purchase | 35,966 | 4.6323 GBP | ||||
| 32 17/19p ordinary | Purchase | 34,436 | 4.6230 GBP | ||||
| 32 17/19p ordinary | Purchase | 26,179 | 4.6344 GBP | ||||
| 32 17/19p ordinary | Purchase | 21,742 | 4.6314 GBP | ||||
| 32 17/19p ordinary | Purchase | 21,724 | 4.6345 GBP | ||||
| 32 17/19p ordinary | Purchase | 21,260 | 4.6532 GBP | ||||
| 32 17/19p ordinary | Purchase | 18,946 | 4.6298 GBP | ||||
| 32 17/19p ordinary | Purchase | 15,228 | 4.6505 GBP | ||||
| 32 17/19p ordinary | Purchase | 15,000 | 4.6280 GBP | ||||
| 32 17/19p ordinary | Purchase | 10,694 | 4.6482 GBP | ||||
| 32 17/19p ordinary | Purchase | 8,193 | 4.6233 GBP | ||||
| 32 17/19p ordinary | Purchase | 7,039 | 4.6262 GBP | ||||
| 32 17/19p ordinary | Purchase | 4,625 | 4.6270 GBP | ||||
| 32 17/19p ordinary | Purchase | 2,046 | 4.6388 GBP | ||||
| 32 17/19p ordinary | Purchase | 1,882 | 4.6218 GBP | ||||
| ADR | Purchase | 1,800 | 11.8833 USD | ||||
| 32 17/19p ordinary | Purchase | 1,720 | 4.6393 GBP | ||||
| ADR | Purchase | 1,200 | 11.7600 USD | ||||
| 32 17/19p ordinary | Purchase | 1,171 | 4.6390 GBP | ||||
| 32 17/19p ordinary | Purchase | 1,126 | 4.6380 GBP | ||||
| 32 17/19p ordinary | Purchase | 997 | 4.6402 GBP | ||||
| 32 17/19p ordinary | Purchase | 981 | 4.6409 GBP | ||||
| 32 17/19p ordinary | Purchase | 867 | 4.6300 GBP | ||||
| 32 17/19p ordinary | Purchase | 756 | 4.6400 GBP | ||||
| 32 17/19p ordinary | Purchase | 555 | 4.6360 GBP | ||||
| 32 17/19p ordinary | Purchase | 432 | 4.6260 GBP | ||||
| 32 17/19p ordinary | Purchase | 260 | 4.6389 GBP | ||||
| 32 17/19p ordinary | Purchase | 54 | 4.6350 GBP | ||||
| 32 17/19p ordinary | Sale | 1,181,148 | 4.6550 GBP | ||||
| 32 17/19p ordinary | Sale | 425,753 | 4.6514 GBP | ||||
| 32 17/19p ordinary | Sale | 286,806 | 4.6553 GBP | ||||
| 32 17/19p ordinary | Sale | 233,700 | 4.6527 GBP | ||||
| 32 17/19p ordinary | Sale | 47,964 | 4.6337 GBP | ||||
| 32 17/19p ordinary | Sale | 41,331 | 4.6332 GBP | ||||
| 32 17/19p ordinary | Sale | 36,459 | 4.6311 GBP | ||||
| 32 17/19p ordinary | Sale | 34,436 | 4.6230 GBP | ||||
| 32 17/19p ordinary | Sale | 21,390 | 4.6338 GBP | ||||
| 32 17/19p ordinary | Sale | 16,013 | 4.6268 GBP | ||||
| 32 17/19p ordinary | Sale | 10,808 | 4.6336 GBP | ||||
| 32 17/19p ordinary | Sale | 10,015 | 4.6330 GBP | ||||
| 32 17/19p ordinary | Sale | 8,580 | 4.6345 GBP | ||||
| 32 17/19p ordinary | Sale | 7,104 | 4.6276 GBP | ||||
| 32 17/19p ordinary | Sale | 6,625 | 4.6329 GBP | ||||
| 32 17/19p ordinary | Sale | 4,169 | 4.6390 GBP | ||||
| 32 17/19p ordinary | Sale | 4,146 | 4.6428 GBP | ||||
| 32 17/19p ordinary | Sale | 3,807 | 4.6352 GBP | ||||
| 32 17/19p ordinary | Sale | 2,537 | 4.6323 GBP | ||||
| 32 17/19p ordinary | Sale | 1,875 | 4.6317 GBP | ||||
| 32 17/19p ordinary | Sale | 1,834 | 4.6348 GBP | ||||
| ADR | Sale | 1,800 | 11.8833 USD | ||||
| 32 17/19p ordinary | Sale | 1,753 | 4.6284 GBP | ||||
| 32 17/19p ordinary | Sale | 1,719 | 4.6393 GBP | ||||
| 32 17/19p ordinary | Sale | 1,623 | 4.6400 GBP | ||||
| ADR | Sale | 1,200 | 11.7600 USD | ||||
| 32 17/19p ordinary | Sale | 1,183 | 4.6380 GBP | ||||
| 32 17/19p ordinary | Sale | 664 | 4.6545 GBP | ||||
| 32 17/19p ordinary | Sale | 641 | 4.6260 GBP | ||||
| 32 17/19p ordinary | Sale | 286 | 4.6261 GBP | ||||
| 32 17/19p ordinary | Sale | 108 | 4.6350 GBP | ||||
| 32 17/19p ordinary | Sale | 60 | 4.6239 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 | 60 | 4.6239 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 7,104 | 4.6276 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 1,753 | 4.6284 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 6,625 | 4.6329 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 10,015 | 4.6331 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 43,236 | 4.6342 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 102,344 | 4.6357 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 1,488 | 4.6364 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 118,715 | 4.6482 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 664 | 4.6545 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 55,501 | 4.6549 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 94,032 | 4.6550 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 4,625 | 4.6270 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 88,092 | 4.6282 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 18,671 | 4.6293 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 13,261 | 4.6298 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 5,685 | 4.6300 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 12,956 | 4.6302 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 35,966 | 4.6323 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 20,328 | 4.6345 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 5,108 | 4.6388 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 997 | 4.6402 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 19,879 | 4.6542 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 23,634 | 4.6553 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Long | 2,054 | 4.6379 GBP | |||
| 32 17/19p ordinary | CFD | Decreasing Short | 1,002 | 4.6254 GBP | |||
| 32 17/19p ordinary | CFD | Decreasing Short | 198 | 4.6256 GBP | |||
| 32 17/19p ordinary | CFD | Decreasing Short | 41,331 | 4.6332 GBP | |||
| 32 17/19p ordinary | CFD | Decreasing Short | 1,864 | 4.6386 GBP | |||
| 32 17/19p ordinary | CFD | Decreasing Short | 1,593 | 4.6387 GBP | |||
| 32 17/19p ordinary | CFD | Decreasing Short | 61,369 | 4.6546 GBP | |||
| 32 17/19p ordinary | CFD | Opening Long | 1,148,460 | 4.6550 GBP | |||
| 32 17/19p ordinary | CFD | Decreasing Long | 15,000 | 4.6280 GBP | |||
| 32 17/19p ordinary | CFD | Decreasing Long | 21,742 | 4.6314 GBP | |||
| 32 17/19p ordinary | CFD | Decreasing Long | 1,864 | 4.6386 GBP | |||
| 32 17/19p ordinary | CFD | Decreasing Long | 1,864 | 4.6387 GBP | |||
| 32 17/19p ordinary | CFD | Decreasing Long | 2,046 | 4.6388 GBP | |||
| 32 17/19p ordinary | CFD | Decreasing Long | 1,757 | 4.6393 GBP | |||
| 32 17/19p ordinary | CFD | Decreasing Long | 115,938 | 4.6550 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: | 31 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 | -322,255 | 4.2985 | European | 11 Mar 2025 | |
| 32 17/19p ordinary | Call Options | Written | -241,329 | 4.4050 | European | 06 May 2025 | |
| 32 17/19p ordinary | Call Options | Written | -120,789 | 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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