| 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 |
| |||||
|
| positions disclosed, if different from 1(a): | ||||||
| (c) | Name of offeror/offeree in relation to whose | AVIVA PLC | |||||
|
| relevant securities this form relates: | ||||||
| (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: | 17 Mar 2025 | |||||
| (f) | In addition to the company in 1(c) above, is the discloser making | YES: |
|
| |||
|
| disclosures in respect of any other party to the offer? | DIRECT LINE INSURANCE GROUP PLC |
| ||||
| 2. | POSITIONS OF THE PERSON MAKING THE DISCLOSURE | ||||||
| (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: | 32 17/19p ordinary | ||||||
|
| Interests | Short Positions | |||||
|
| Number | (%) | Number | (%) | |||
| (1) | Relevant securities owned |
|
|
|
| ||
|
| and/or controlled: |
|
| 16,626,299 | 0.62% | 18,935,055 | 0.71% |
| (2) | Cash-settled derivatives: |
|
|
|
| ||
|
| and/or controlled: |
|
| 14,838,811 | 0.55% | 10,020,048 | 0.37% |
| (3) | Stock-settled derivatives (including options) |
|
|
|
| ||
|
| and agreements to purchase/sell: |
|
| 0 | 0.00% | 225,372 | 0.01% |
|
|
|
|
|
|
|
|
|
|
| TOTAL: |
|
| 31,465,110 | 1.18% | 29,180,475 | 1.09% |
| (b) | Rights to subscribe for new securities (including directors and other executive |
| |||||
|
| 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 EXEMPT PRINCIPAL TRADER | ||||||
| (a) | Purchases and sales |
|
|
|
|
| |
| Class of relevant | Purchase/sale | Number of | Price per unit | ||||
| security |
| securities |
| ||||
| 32 17/19p ordinary | Purchase | 518,079 | 5.5730 GBP | ||||
| 32 17/19p ordinary | Purchase | 417,688 | 5.5700 GBP | ||||
| 32 17/19p ordinary | Purchase | 248,812 | 5.4760 GBP | ||||
| 32 17/19p ordinary | Purchase | 165,197 | 5.5552 GBP | ||||
| 32 17/19p ordinary | Purchase | 127,365 | 5.5369 GBP | ||||
| 32 17/19p ordinary | Purchase | 87,979 | 5.5682 GBP | ||||
| 32 17/19p ordinary | Purchase | 68,483 | 5.5320 GBP | ||||
| 32 17/19p ordinary | Purchase | 56,075 | 5.5198 GBP | ||||
| 32 17/19p ordinary | Purchase | 36,584 | 5.5702 GBP | ||||
| 32 17/19p ordinary | Purchase | 30,540 | 5.5720 GBP | ||||
| 32 17/19p ordinary | Purchase | 25,187 | 5.5634 GBP | ||||
| 32 17/19p ordinary | Purchase | 22,577 | 5.5461 GBP | ||||
| 32 17/19p ordinary | Purchase | 20,139 | 5.5690 GBP | ||||
| 32 17/19p ordinary | Purchase | 19,343 | 5.5258 GBP | ||||
| 32 17/19p ordinary | Purchase | 10,299 | 5.5710 GBP | ||||
| 32 17/19p ordinary | Purchase | 8,298 | 5.5467 GBP | ||||
| 32 17/19p ordinary | Purchase | 7,976 | 5.5477 GBP | ||||
| 32 17/19p ordinary | Purchase | 5,649 | 5.5270 GBP | ||||
| 32 17/19p ordinary | Purchase | 4,763 | 5.5521 GBP | ||||
| 32 17/19p ordinary | Purchase | 3,972 | 5.5713 GBP | ||||
| 32 17/19p ordinary | Purchase | 3,897 | 5.5683 GBP | ||||
| 32 17/19p ordinary | Purchase | 3,600 | 5.5355 GBP | ||||
| 32 17/19p ordinary | Purchase | 3,465 | 5.5065 GBP | ||||
| 32 17/19p ordinary | Purchase | 3,260 | 5.5379 GBP | ||||
| 32 17/19p ordinary | Purchase | 3,250 | 5.5742 GBP | ||||
| 32 17/19p ordinary | Purchase | 3,154 | 5.5095 GBP | ||||
| 32 17/19p ordinary | Purchase | 3,028 | 5.5401 GBP | ||||
| 32 17/19p ordinary | Purchase | 3,006 | 5.5487 GBP | ||||
| ADR | Purchase | 2,200 | 14.5945 USD | ||||
| 32 17/19p ordinary | Purchase | 2,109 | 5.5339 GBP | ||||
| 32 17/19p ordinary | Purchase | 2,004 | 5.5185 GBP | ||||
| 32 17/19p ordinary | Purchase | 1,819 | 5.5550 GBP | ||||
| 32 17/19p ordinary | Purchase | 1,588 | 5.5288 GBP | ||||
| 32 17/19p ordinary | Purchase | 1,273 | 5.5400 GBP | ||||
| 32 17/19p ordinary | Purchase | 1,116 | 5.5360 GBP | ||||
| 32 17/19p ordinary | Purchase | 1,055 | 5.5533 GBP | ||||
| 32 17/19p ordinary | Purchase | 1,002 | 5.5738 GBP | ||||
| 32 17/19p ordinary | Purchase | 1,002 | 5.5740 GBP | ||||
| 32 17/19p ordinary | Purchase | 969 | 5.5628 GBP | ||||
| 32 17/19p ordinary | Purchase | 815 | 5.5240 GBP | ||||
| 32 17/19p ordinary | Purchase | 737 | 5.5540 GBP | ||||
| 32 17/19p ordinary | Purchase | 706 | 5.5580 GBP | ||||
| 32 17/19p ordinary | Purchase | 644 | 5.5006 GBP | ||||
| 32 17/19p ordinary | Purchase | 520 | 5.5340 GBP | ||||
| 32 17/19p ordinary | Purchase | 390 | 5.5706 GBP | ||||
| 32 17/19p ordinary | Purchase | 267 | 5.5640 GBP | ||||
| 32 17/19p ordinary | Purchase | 240 | 5.5332 GBP | ||||
| 32 17/19p ordinary | Purchase | 164 | 5.5705 GBP | ||||
| 32 17/19p ordinary | Purchase | 139 | 5.5615 GBP | ||||
| 32 17/19p ordinary | Purchase | 83 | 5.5380 GBP | ||||
| 32 17/19p ordinary | Purchase | 14 | 5.5520 GBP | ||||
| 32 17/19p ordinary | Purchase | 1 | 5.5100 GBP | ||||
| 32 17/19p ordinary | Sale | 448,528 | 5.5663 GBP | ||||
| 32 17/19p ordinary | Sale | 190,904 | 5.5700 GBP | ||||
| 32 17/19p ordinary | Sale | 152,928 | 5.5152 GBP | ||||
| 32 17/19p ordinary | Sale | 139,300 | 5.5229 GBP | ||||
| 32 17/19p ordinary | Sale | 106,600 | 5.5692 GBP | ||||
| 32 17/19p ordinary | Sale | 90,185 | 5.5462 GBP | ||||
| 32 17/19p ordinary | Sale | 90,142 | 5.5438 GBP | ||||
| 32 17/19p ordinary | Sale | 75,674 | 5.5536 GBP | ||||
| 32 17/19p ordinary | Sale | 65,698 | 5.5491 GBP | ||||
| 32 17/19p ordinary | Sale | 54,635 | 5.5659 GBP | ||||
| 32 17/19p ordinary | Sale | 38,431 | 5.5719 GBP | ||||
| 32 17/19p ordinary | Sale | 38,004 | 5.5431 GBP | ||||
| 32 17/19p ordinary | Sale | 16,071 | 5.5434 GBP | ||||
| 32 17/19p ordinary | Sale | 14,688 | 5.5720 GBP | ||||
| 32 17/19p ordinary | Sale | 13,641 | 5.5313 GBP | ||||
| 32 17/19p ordinary | Sale | 12,231 | 5.5408 GBP | ||||
| 32 17/19p ordinary | Sale | 11,134 | 5.5699 GBP | ||||
| 32 17/19p ordinary | Sale | 10,272 | 5.5343 GBP | ||||
| 32 17/19p ordinary | Sale | 10,001 | 5.5281 GBP | ||||
| 32 17/19p ordinary | Sale | 9,883 | 5.5528 GBP | ||||
| 32 17/19p ordinary | Sale | 7,812 | 5.5259 GBP | ||||
| 32 17/19p ordinary | Sale | 7,773 | 5.5381 GBP | ||||
| 32 17/19p ordinary | Sale | 7,325 | 5.5277 GBP | ||||
| 32 17/19p ordinary | Sale | 7,303 | 5.5380 GBP | ||||
| 32 17/19p ordinary | Sale | 6,193 | 5.4873 GBP | ||||
| 32 17/19p ordinary | Sale | 4,644 | 5.5710 GBP | ||||
| 32 17/19p ordinary | Sale | 4,347 | 5.5669 GBP | ||||
| 32 17/19p ordinary | Sale | 4,248 | 5.5714 GBP | ||||
| 32 17/19p ordinary | Sale | 3,958 | 5.5164 GBP | ||||
| 32 17/19p ordinary | Sale | 3,889 | 5.5506 GBP | ||||
| 32 17/19p ordinary | Sale | 2,967 | 5.5351 GBP | ||||
| 32 17/19p ordinary | Sale | 2,280 | 5.5414 GBP | ||||
| ADR | Sale | 2,200 | 14.5945 USD | ||||
| 32 17/19p ordinary | Sale | 1,986 | 5.5713 GBP | ||||
| 32 17/19p ordinary | Sale | 1,625 | 5.5742 GBP | ||||
| 32 17/19p ordinary | Sale | 1,002 | 5.5740 GBP | ||||
| 32 17/19p ordinary | Sale | 886 | 5.5400 GBP | ||||
| 32 17/19p ordinary | Sale | 815 | 5.5240 GBP | ||||
| 32 17/19p ordinary | Sale | 722 | 5.5702 GBP | ||||
| 32 17/19p ordinary | Sale | 706 | 5.5580 GBP | ||||
| 32 17/19p ordinary | Sale | 522 | 5.5030 GBP | ||||
| 32 17/19p ordinary | Sale | 520 | 5.5340 GBP | ||||
| 32 17/19p ordinary | Sale | 439 | 5.5320 GBP | ||||
| 32 17/19p ordinary | Sale | 267 | 5.5640 GBP | ||||
| 32 17/19p ordinary | Sale | 182 | 5.5543 GBP | ||||
| 32 17/19p ordinary | Sale | 138 | 5.5360 GBP | ||||
| 32 17/19p ordinary | Sale | 1 | 5.5200 GBP | ||||
|
|
|
|
|
|
|
|
|
| (b) | Cash-settled derivative transactions |
| |||||
| Class of | Product | Nature of dealing | Number of | Price per | |||
| relevant | description |
| reference | unit | |||
| security |
|
| securities |
| |||
| 32 17/19p ordinary | SWAP | Decreasing Long | 60,000 | 5.5545 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 1,114 | 5.5054 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 83 | 5.5063 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 2,320 | 5.5066 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 982 | 5.5227 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 139,300 | 5.5229 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 1,548 | 5.5410 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 842 | 5.5415 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 16,071 | 5.5434 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 53,840 | 5.5446 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 564 | 5.5452 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 90,185 | 5.5462 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 65,698 | 5.5491 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 92,910 | 5.5497 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 10,967 | 5.5542 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 54,621 | 5.5567 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 54,635 | 5.5659 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 4,347 | 5.5669 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 852 | 5.5680 GBP | |||
| 32 17/19p ordinary | SWAP | Opening Long | 106,600 | 5.5692 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Long | 1,057 | 5.5693 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Long | 186,166 | 5.5699 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Long | 365,380 | 5.5700 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Long | 4,248 | 5.5714 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Long | 191 | 5.5719 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Long | 248,812 | 5.4760 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Long | 34,342 | 5.4997 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Long | 3,465 | 5.5065 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Long | 309 | 5.5140 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Long | 19,343 | 5.5258 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Long | 2,141 | 5.5319 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Long | 68,483 | 5.5320 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Long | 240 | 5.5332 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Long | 8,298 | 5.5467 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Long | 7,976 | 5.5477 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Long | 687 | 5.5570 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Long | 1,001 | 5.5588 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Long | 7,345 | 5.5609 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Long | 4,939 | 5.5610 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Long | 969 | 5.5628 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Long | 12,903 | 5.5658 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Long | 87,979 | 5.5682 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Long | 3,897 | 5.5683 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Long | 121,413 | 5.5693 GBP | |||
| 32 17/19p ordinary | SWAP | Opening Short | 232,940 | 5.5700 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 135,969 | 5.5702 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 518,079 | 5.5730 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Long | 41,800 | 5.5700 GBP | |||
| 32 17/19p ordinary | CFD | Increasing Long | 6,111 | 5.4856 GBP | |||
| 32 17/19p ordinary | CFD | Increasing Long | 24,474 | 5.5289 GBP | |||
| 32 17/19p ordinary | CFD | Increasing Long | 2,599 | 5.5480 GBP | |||
| 32 17/19p ordinary | CFD | Increasing Long | 2,200 | 5.5563 GBP | |||
| 32 17/19p ordinary | CFD | Decreasing Long | 7,808 | 5.5669 GBP | |||
| 32 17/19p ordinary | CFD | Decreasing Long | 6,111 | 5.5703 GBP | |||
|
|
|
|
|
|
|
|
|
| (c) | Stock-settled derivative transactions (including options) |
| |||||
| (i) | Writing, selling, purchasing or varying |
| |||||
| Class | Product | Writing, | Number | Exercise | Type | Expiry | Option |
| of | description | purchasing, | of | price |
| date | money |
| relevant |
| selling, | securities | per unit |
|
| paid/ |
| security |
| varying etc | to which |
|
|
| received |
|
|
|
| option |
|
|
| per unit |
|
|
|
| relates |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (ii) | Exercising |
|
|
|
|
|
|
| Class of relevant | Product description | Exercising/ exercised against | Number of | Exercise price per | |||
| security |
|
| securities | unit | |||
|
|
|
|
|
| |||
|
|
|
|
|
|
|
|
|
| (d) | Other dealings (including subscribing for new securities) |
| |||||
| Class of relevant | Nature of Dealings | Details | Price per unit (if | ||||
| security |
|
| applicable) | ||||
|
|
|
|
| ||||
| 4. | OTHER INFORMATION | ||||||
| (a) | Indemnity and other dealings 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: |
|
|
| ||||
| NONE | |||||||
| (b) | Agreements, arrangements or understandings relating to options or derivatives |
| |||||
| 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 of future acquisition or disposal of any relevant securities to which |
|
| |||||
| any derivative is referenced: |
|
|
|
|
|
| |
| NONE | |||||||
| (c) | Attachments |
|
|
|
|
|
|
| Is a Supplemental Form 8 (Open Positions) attached? | YES | ||||||
| Date of disclosure: | 18 Mar 2025 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 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: | |||||||
|
|
|
|
|
|
|
|
|
| 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 | -120,792 | 5.3305 | European | 06 Jun 2025 | |
| 32 17/19p ordinary | Call Options | Written | -104,580 | 5.3176 | European | 05 Jun 2025 | |
|
|
|
|
|
|
|
|
|
| 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: | |||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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.
