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: | 08 January 2025 |
| (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 | 2,224,768 | 4.8410 GBP | 4.6460 GBP |
| 32 17/19p ordinary | Sales | 2,569,639 | 4.8390 GBP | 4.6460 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 | Increasing a long position | 18,138 | 4.6402 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 335 | 4.6586 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 1,237 | 4.6603 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 250 | 4.6657 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 25 | 4.6666 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 23,687 | 4.6666 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 9,205 | 4.6673 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 100 | 4.6677 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 175 | 4.6687 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 175 | 4.6716 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 25 | 4.6732 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 50 | 4.6757 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 50 | 4.6757 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 93,178 | 4.6802 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 13,159 | 4.6839 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 25 | 4.6856 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 45,208 | 4.6889 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 191 | 4.6891 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 125 | 4.6902 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 150 | 4.6912 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 23,222 | 4.6921 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 3,017 | 4.6945 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 6,747 | 4.6945 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 28,670 | 4.6947 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 17,202 | 4.6953 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 2,350 | 4.6983 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 86,010 | 4.6985 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 509 | 4.6995 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 6,151 | 4.7011 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 4,073 | 4.7011 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 175 | 4.7017 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 175 | 4.7026 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 94,300 | 4.7031 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 250 | 4.7046 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 1,900 | 4.7051 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 22 | 4.7055 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 225 | 4.7057 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 175 | 4.7057 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 175 | 4.7077 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 3,393 | 4.7079 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 1,425 | 4.7089 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 25 | 4.7097 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 25 | 4.7097 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 200 | 4.7102 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 1,150 | 4.7106 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 1,950 | 4.7111 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 1,225 | 4.7112 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 3,946 | 4.7115 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 225 | 4.7136 GBP |
| 32 17/19p ordinary | CFD | Opening a long position | 6,058 | 4.7157 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 225 | 4.7157 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 33,406 | 4.7162 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 162,707 | 4.7162 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 140,545 | 4.7162 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 47,578 | 4.7164 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 125 | 4.7167 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 2,279 | 4.7172 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 150 | 4.7186 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 625 | 4.7188 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 19,258 | 4.7194 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 3 | 4.7200 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 6 | 4.7200 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 1,570 | 4.7201 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 1,400 | 4.7206 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 12,700 | 4.7206 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 11,430 | 4.7207 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 3,154 | 4.7209 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 36,145 | 4.7209 GBP |
| 32 17/19p ordinary | CFD | Opening a long position | 45,208 | 4.7210 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 12,568 | 4.7210 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 6,061 | 4.7210 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 353 | 4.7210 GBP |
| 32 17/19p ordinary | CFD | Opening a short position | 776 | 4.7211 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 31,062 | 4.7213 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 565 | 4.7214 GBP |
| 32 17/19p ordinary | CFD | Opening a short position | 22,936 | 4.7215 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 6,061 | 4.7222 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 31,522 | 4.7234 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 24,190 | 4.7235 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 87,985 | 4.7251 GBP |
| 32 17/19p ordinary | CFD | Opening a short position | 25,100 | 4.7251 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 175 | 4.7257 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 55,800 | 4.7269 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 178 | 4.7283 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 21 | 4.7283 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 10 | 4.7283 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 665 | 4.7283 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 2,017 | 4.7295 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 47,001 | 4.7380 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 3,236 | 4.7380 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 1,401 | 4.7380 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 4,233 | 4.7380 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 5,658 | 4.7380 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 5,434 | 4.7380 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 15,168 | 4.7380 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 25,301 | 4.7380 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 23,055 | 4.7380 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 2,010 | 4.7382 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 5,705 | 4.7390 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 12,739 | 4.7401 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 793 | 4.7675 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 19,185 | 4.7806 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 1,447 | 4.7879 GBP |
| 32 17/19p ordinary | CFD | Opening a long position | 459 | 4.7879 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 31,031 | 4.8201 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 5,300 | 4.8202 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 176 | 4.8236 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 3,645 | 4.8268 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 10 | 4.8390 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 898 | 4.8390 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 1,225 | 4.8396 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: | 09 January 2025 |
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.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
