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: | Jefferies International Limited |
| (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. |
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| (c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | Aviva plc
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| (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: |
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| (e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure |
19th March 2025 |
| (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state "N/A" |
Direct Line Insurance Group plc
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2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE
If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in\ 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.
(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 | |||
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| Interests | Short positions | ||
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| Number | % | Number | % |
| (1) Relevant securities owned and/or controlled: | 0 | 0.000 | 67,023 | 0.002 |
| (2) Cash-settled derivatives:
| 9,010,568 | 0.336 | 8,943,404 | 0.334 |
| (3) Stock-settled derivatives (including options) and agreements to purchase/sell: |
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| TOTAL: | 9,010,568 | 0.336 | 9,010,427 | 0.336 |
All interests and all short positions should be disclosed.
Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).
(b) Rights to subscribe for new securities (including directors' and other employee options)
| Class of relevant security in relation to which subscription right exists: |
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| Details, including nature of the rights concerned and relevant percentages: |
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3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(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 | Purchase/sale
| Number of securities | Price per unit (GBX) |
| 32 17/19p ordinary | Purchase
Sale | 994,920 149,525 8,000 107,185 2,012 732,387 89 190 10,931 1,651 1,959 602,070 17,275 5,627 4,533 54 10 12,711 5,552 1,912 507 8,152 5,357 342,788 8,390 3,354 3,418 840 1,680
7,469 240 240 114 126 120 120 240 120 120 240 480 120 240 120 340 178,294 120 240 120 240 380 381 600 953 360 409 600 50,480 888 120 1,079 240 67,165 600 141 741 14,341 18,456 480 463,558 2,113 237,795 9,533 11,892 5,406 126 2,937 12,585 7,570 57,000 930,289 6,640 2,116 2,198 382 4,701 480 403 479 | 558.6000 561.6000 562.8200 563.3300 563.4775 563.7221 564.1000 564.2000 564.4000 564.4887 564.5000 564.5514 564.6000 564.7000 564.8000 564.8400 564.8623 564.8748 564.9000 564.9116 564.9215 565.0000 565.0200 565.0603 565.1000 565.2000 565.3000 565.5000 565.7000
558.6000 559.1000 559.8000 560.0000 560.1000 560.3000 560.4000 560.5000 560.6000 560.7000 560.9000 561.0000 561.1000 561.2000 561.3000 561.4000 561.6000 561.8000 562.0000 562.2000 562.3000 562.4000 562.6000 562.7000 562.8000 562.9000 563.0000 563.1000 563.2000 563.3000 563.4000 563.5000 563.6000 563.6358 563.7000 563.8000 563.9000 564.0000 564.1000 564.2000 564.3000 564.3800 564.4000 564.5000 564.6000 564.7000 564.7275 564.8000 564.8762 564.9000 564.9240 565.0000 565.1000 565.2000 565.3000 565.4000 565.5000 565.6000 565.7000 565.8000 |
· Please note, please also see other deal section at the bottom of the form.
(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 (GBX) |
| 32 17/19p ordinary | Swap Swap Swap Swap Swap Swap Swap | Increasing a Long Position Increasing a Long Position Increasing a Long Position Increasing a Long Position Increasing a Long Position Increasing a Long Position Increasing a Short Position | 1,867 6,171 3,322 9,750 27,490 18,565 994,920 | 563.6358 563.6358 563.6358 563.6358 563.6358 563.6358 558.6000 |
· Please note, please also see other deal section at the bottom of the form.
(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 |
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(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) |
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4. 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 person 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 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 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 |
(c) Attachments
| Is a Supplemental Form 8 (Open Positions) attached? | NO |
Date of disclosure: | 20th March 2025 |
Contact name: | Jason Williams |
Telephone number | 020 7029 8706 |
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.
*If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel's Market Surveillance Unit.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
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