| 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 Jan 2025 | |||||
| (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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| 20,354,993 | 0.76% | 21,282,480 | 0.79% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 3,155,802 | 0.12% | 14,594,019 | 0.55% |
| (3) | Stock-settled derivatives (including options) |
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| and agreements to purchase/sell: |
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| 20,000 | 0.00% | 486,686 | 0.02% |
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| TOTAL: |
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| 23,530,795 | 0.88% | 36,363,185 | 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 |
| ||||
| 32 17/19p ordinary | Purchase | 196,250 | 5.0749 GBP | ||||
| 32 17/19p ordinary | Purchase | 104,940 | 5.0701 GBP | ||||
| 32 17/19p ordinary | Purchase | 97,373 | 5.0788 GBP | ||||
| 32 17/19p ordinary | Purchase | 78,441 | 5.0820 GBP | ||||
| 32 17/19p ordinary | Purchase | 53,291 | 5.0804 GBP | ||||
| 32 17/19p ordinary | Purchase | 52,884 | 5.0697 GBP | ||||
| 32 17/19p ordinary | Purchase | 52,800 | 5.0868 GBP | ||||
| 32 17/19p ordinary | Purchase | 49,352 | 5.0821 GBP | ||||
| 32 17/19p ordinary | Purchase | 49,052 | 5.0700 GBP | ||||
| 32 17/19p ordinary | Purchase | 23,521 | 5.0768 GBP | ||||
| 32 17/19p ordinary | Purchase | 22,008 | 5.0754 GBP | ||||
| 32 17/19p ordinary | Purchase | 11,409 | 5.0766 GBP | ||||
| 32 17/19p ordinary | Purchase | 7,601 | 5.0735 GBP | ||||
| 32 17/19p ordinary | Purchase | 4,941 | 5.0858 GBP | ||||
| 32 17/19p ordinary | Purchase | 4,604 | 5.1080 GBP | ||||
| 32 17/19p ordinary | Purchase | 4,276 | 5.1061 GBP | ||||
| 32 17/19p ordinary | Purchase | 3,888 | 5.0743 GBP | ||||
| 32 17/19p ordinary | Purchase | 3,326 | 5.0864 GBP | ||||
| 32 17/19p ordinary | Purchase | 2,672 | 5.0860 GBP | ||||
| 32 17/19p ordinary | Purchase | 2,230 | 5.0760 GBP | ||||
| 32 17/19p ordinary | Purchase | 1,455 | 5.0777 GBP | ||||
| 32 17/19p ordinary | Purchase | 1,400 | 5.0880 GBP | ||||
| 32 17/19p ordinary | Purchase | 1,269 | 5.1000 GBP | ||||
| ADR | Purchase | 1,222 | 12.8801 USD | ||||
| 32 17/19p ordinary | Purchase | 1,140 | 5.0800 GBP | ||||
| 32 17/19p ordinary | Purchase | 1,032 | 5.0818 GBP | ||||
| 32 17/19p ordinary | Purchase | 983 | 5.0740 GBP | ||||
| 32 17/19p ordinary | Purchase | 785 | 5.0900 GBP | ||||
| 32 17/19p ordinary | Purchase | 775 | 5.0726 GBP | ||||
| 32 17/19p ordinary | Purchase | 761 | 5.1120 GBP | ||||
| 32 17/19p ordinary | Purchase | 756 | 5.0722 GBP | ||||
| 32 17/19p ordinary | Purchase | 747 | 5.1020 GBP | ||||
| 32 17/19p ordinary | Purchase | 678 | 5.0840 GBP | ||||
| 32 17/19p ordinary | Purchase | 630 | 5.0947 GBP | ||||
| 32 17/19p ordinary | Purchase | 292 | 5.1140 GBP | ||||
| 32 17/19p ordinary | Purchase | 287 | 5.0680 GBP | ||||
| 32 17/19p ordinary | Purchase | 218 | 5.0720 GBP | ||||
| 32 17/19p ordinary | Purchase | 81 | 5.1025 GBP | ||||
| 32 17/19p ordinary | Sale | 250,881 | 5.0700 GBP | ||||
| 32 17/19p ordinary | Sale | 142,513 | 5.0815 GBP | ||||
| 32 17/19p ordinary | Sale | 96,184 | 5.0718 GBP | ||||
| 32 17/19p ordinary | Sale | 95,526 | 5.0709 GBP | ||||
| 32 17/19p ordinary | Sale | 94,179 | 5.0818 GBP | ||||
| 32 17/19p ordinary | Sale | 93,875 | 5.0803 GBP | ||||
| 32 17/19p ordinary | Sale | 70,619 | 5.0783 GBP | ||||
| 32 17/19p ordinary | Sale | 56,096 | 5.0859 GBP | ||||
| 32 17/19p ordinary | Sale | 52,933 | 5.0782 GBP | ||||
| 32 17/19p ordinary | Sale | 50,191 | 5.0710 GBP | ||||
| 32 17/19p ordinary | Sale | 38,744 | 5.0941 GBP | ||||
| 32 17/19p ordinary | Sale | 34,658 | 5.0811 GBP | ||||
| 32 17/19p ordinary | Sale | 30,407 | 5.0827 GBP | ||||
| 32 17/19p ordinary | Sale | 28,992 | 5.0880 GBP | ||||
| 32 17/19p ordinary | Sale | 25,676 | 5.0742 GBP | ||||
| 32 17/19p ordinary | Sale | 24,686 | 5.0812 GBP | ||||
| 32 17/19p ordinary | Sale | 22,683 | 5.0756 GBP | ||||
| 32 17/19p ordinary | Sale | 22,027 | 5.0817 GBP | ||||
| 32 17/19p ordinary | Sale | 16,899 | 5.0932 GBP | ||||
| 32 17/19p ordinary | Sale | 16,767 | 5.0698 GBP | ||||
| 32 17/19p ordinary | Sale | 16,672 | 5.0805 GBP | ||||
| 32 17/19p ordinary | Sale | 15,963 | 5.0864 GBP | ||||
| 32 17/19p ordinary | Sale | 14,587 | 5.0847 GBP | ||||
| 32 17/19p ordinary | Sale | 13,972 | 5.0813 GBP | ||||
| 32 17/19p ordinary | Sale | 12,672 | 5.1013 GBP | ||||
| 32 17/19p ordinary | Sale | 11,522 | 5.0943 GBP | ||||
| 32 17/19p ordinary | Sale | 11,262 | 5.0886 GBP | ||||
| 32 17/19p ordinary | Sale | 9,552 | 5.0849 GBP | ||||
| 32 17/19p ordinary | Sale | 7,454 | 5.0791 GBP | ||||
| 32 17/19p ordinary | Sale | 5,815 | 5.0776 GBP | ||||
| 32 17/19p ordinary | Sale | 5,487 | 5.1019 GBP | ||||
| 32 17/19p ordinary | Sale | 5,219 | 5.0939 GBP | ||||
| 32 17/19p ordinary | Sale | 4,604 | 5.1080 GBP | ||||
| 32 17/19p ordinary | Sale | 3,886 | 5.0973 GBP | ||||
| 32 17/19p ordinary | Sale | 3,625 | 5.0703 GBP | ||||
| 32 17/19p ordinary | Sale | 3,501 | 5.0699 GBP | ||||
| 32 17/19p ordinary | Sale | 2,689 | 5.0772 GBP | ||||
| 32 17/19p ordinary | Sale | 2,553 | 5.0786 GBP | ||||
| 32 17/19p ordinary | Sale | 2,512 | 5.0878 GBP | ||||
| 32 17/19p ordinary | Sale | 2,437 | 5.0796 GBP | ||||
| 32 17/19p ordinary | Sale | 2,044 | 5.0868 GBP | ||||
| 32 17/19p ordinary | Sale | 1,903 | 5.0960 GBP | ||||
| 32 17/19p ordinary | Sale | 1,682 | 5.0784 GBP | ||||
| 32 17/19p ordinary | Sale | 1,667 | 5.0748 GBP | ||||
| 32 17/19p ordinary | Sale | 1,509 | 5.0841 GBP | ||||
| 32 17/19p ordinary | Sale | 1,375 | 5.1027 GBP | ||||
| 32 17/19p ordinary | Sale | 1,295 | 5.1051 GBP | ||||
| 32 17/19p ordinary | Sale | 1,279 | 5.0704 GBP | ||||
| 32 17/19p ordinary | Sale | 1,269 | 5.1000 GBP | ||||
| ADR | Sale | 1,222 | 12.8801 USD | ||||
| 32 17/19p ordinary | Sale | 1,139 | 5.0750 GBP | ||||
| 32 17/19p ordinary | Sale | 1,031 | 5.0690 GBP | ||||
| 32 17/19p ordinary | Sale | 983 | 5.0740 GBP | ||||
| 32 17/19p ordinary | Sale | 903 | 5.1070 GBP | ||||
| 32 17/19p ordinary | Sale | 833 | 5.0958 GBP | ||||
| 32 17/19p ordinary | Sale | 761 | 5.1120 GBP | ||||
| 32 17/19p ordinary | Sale | 757 | 5.0720 GBP | ||||
| 32 17/19p ordinary | Sale | 747 | 5.1020 GBP | ||||
| 32 17/19p ordinary | Sale | 737 | 5.0683 GBP | ||||
| 32 17/19p ordinary | Sale | 678 | 5.0840 GBP | ||||
| 32 17/19p ordinary | Sale | 595 | 5.0694 GBP | ||||
| 32 17/19p ordinary | Sale | 550 | 5.0719 GBP | ||||
| 32 17/19p ordinary | Sale | 537 | 5.0820 GBP | ||||
| 32 17/19p ordinary | Sale | 433 | 5.0861 GBP | ||||
| 32 17/19p ordinary | Sale | 356 | 5.0999 GBP | ||||
| 32 17/19p ordinary | Sale | 316 | 5.0830 GBP | ||||
| 32 17/19p ordinary | Sale | 301 | 5.0641 GBP | ||||
| 32 17/19p ordinary | Sale | 292 | 5.1140 GBP | ||||
| 32 17/19p ordinary | Sale | 287 | 5.0680 GBP | ||||
| 32 17/19p ordinary | Sale | 257 | 5.0760 GBP | ||||
| 32 17/19p ordinary | Sale | 161 | 5.0728 GBP | ||||
| 32 17/19p ordinary | Sale | 113 | 5.0419 GBP | ||||
| 32 17/19p ordinary | Sale | 79 | 5.0835 GBP | ||||
| 32 17/19p ordinary | Sale | 38 | 5.0839 GBP | ||||
| 32 17/19p ordinary | Sale | 8 | 5.0674 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 | Increasing Long | 39,797 | 5.0773 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 482 | 5.0380 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 113 | 5.0419 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 301 | 5.0641 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 8 | 5.0674 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 737 | 5.0683 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 16,767 | 5.0698 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 3,501 | 5.0699 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 24,392 | 5.0700 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 1,279 | 5.0704 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 50,191 | 5.0710 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 20,959 | 5.0712 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 550 | 5.0719 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 479 | 5.0759 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 2,128 | 5.0772 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 578 | 5.0781 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 52,933 | 5.0782 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 3,225 | 5.0784 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 9,124 | 5.0788 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 7,454 | 5.0791 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 53,141 | 5.0792 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 34,658 | 5.0811 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 24,686 | 5.0812 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 142,513 | 5.0815 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 62,761 | 5.0817 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 94,179 | 5.0818 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 30,407 | 5.0827 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 79 | 5.0834 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 38 | 5.0839 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 7,112 | 5.0851 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 56,096 | 5.0859 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 15,963 | 5.0864 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 11,262 | 5.0886 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 21,952 | 5.0903 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 16,899 | 5.0932 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 655 | 5.0958 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 817 | 5.0960 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 11,956 | 5.0977 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 356 | 5.0999 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 2,136 | 5.1019 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 761 | 5.1118 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 8,287 | 5.0446 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 30,455 | 5.0700 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 3,424 | 5.0712 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 7,291 | 5.0718 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 824 | 5.0733 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 897 | 5.0739 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 22,008 | 5.0754 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 9,981 | 5.0755 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 2,170 | 5.0760 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 24,613 | 5.0816 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 78,441 | 5.0820 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 49,352 | 5.0822 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 4,941 | 5.0858 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 52,800 | 5.0868 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 188 | 5.1060 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Long | 2,051 | 5.0927 GBP | |||
| 32 17/19p ordinary | CFD | Increasing Long | 84 | 5.0455 GBP | |||
| 32 17/19p ordinary | CFD | Increasing Long | 3,142 | 5.0637 GBP | |||
| 32 17/19p ordinary | CFD | Increasing Long | 47,394 | 5.0946 GBP | |||
| 32 17/19p ordinary | CFD | Decreasing Long | 2,365 | 5.0383 GBP | |||
| 32 17/19p ordinary | CFD | Decreasing Long | 17,065 | 5.0704 GBP | |||
| 32 17/19p ordinary | CFD | Decreasing Long | 8,658 | 5.0754 GBP | |||
| 32 17/19p ordinary | CFD | Decreasing Long | 9,351 | 5.0780 GBP | |||
| 32 17/19p ordinary | CFD | Decreasing Long | 1,220 | 5.0843 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: | 28 Jan 2025 | ||||||
| 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 | Put Options | Purchased | -10,000 | 456.4800 | American | 19 Dec 2025 | |
| 32 17/19p ordinary | Call Options | Purchased | 10,000 | 557.9200 | American | 19 Dec 2025 | |
| 32 17/19p ordinary | Call Options | Written | -241,313 | 4.4050 | European | 06 May 2025 | |
| 32 17/19p ordinary | Call Options | Written | -120,791 | 5.3305 | European | 06 Jun 2025 | |
| 32 17/19p ordinary | Call Options | Written | -104,582 | 5.3176 | European | 05 Jun 2025 | |
| 32 17/19p ordinary | Call Options | Written | -10,000 | 557.9200 | American | 19 Dec 2025 | |
| 32 17/19p ordinary | Put Options | Written | 10,000 | 456.4800 | American | 19 Dec 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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