Source - LSE Regulatory
RNS Number : 7218B
Barclays PLC
21 March 2025
 

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:

20 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:

 

 

13,436,950

0.50%

15,051,750

0.56%

(2)

Cash-settled derivatives:

 

 

 

 

 

and/or controlled:

 

 

14,049,884

0.52%

7,922,670

0.30%

(3)

Stock-settled derivatives (including options)

 

 

 

 

 

and agreements to purchase/sell:

 

 

0

0.00%

225,364

0.01%

 

 

 

 

 

 

 

 

 

TOTAL:

 

 

27,486,834

1.03%

23,199,784

0.87%

(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

724,000

5.6440  GBP

32 17/19p ordinary

Purchase

713,570

5.5815  GBP

32 17/19p ordinary

Purchase

370,075

5.5876  GBP

32 17/19p ordinary

Purchase

245,878

5.5888  GBP

32 17/19p ordinary

Purchase

199,923

5.5580  GBP

32 17/19p ordinary

Purchase

156,762

5.6160  GBP

32 17/19p ordinary

Purchase

139,544

5.5928  GBP

32 17/19p ordinary

Purchase

138,066

5.5945  GBP

32 17/19p ordinary

Purchase

128,008

5.5791  GBP

32 17/19p ordinary

Purchase

85,079

5.5712  GBP

32 17/19p ordinary

Purchase

77,145

5.5880  GBP

32 17/19p ordinary

Purchase

57,410

5.5850  GBP

32 17/19p ordinary

Purchase

54,251

5.5742  GBP

32 17/19p ordinary

Purchase

36,159

5.5862  GBP

32 17/19p ordinary

Purchase

34,802

5.6414  GBP

32 17/19p ordinary

Purchase

33,510

5.5760  GBP

32 17/19p ordinary

Purchase

29,212

5.5748  GBP

32 17/19p ordinary

Purchase

23,194

5.6219  GBP

32 17/19p ordinary

Purchase

11,406

5.5680  GBP

32 17/19p ordinary

Purchase

11,207

5.6380  GBP

32 17/19p ordinary

Purchase

9,102

5.5869  GBP

32 17/19p ordinary

Purchase

8,442

5.5886  GBP

32 17/19p ordinary

Purchase

8,258

5.5812  GBP

32 17/19p ordinary

Purchase

7,769

5.5787  GBP

32 17/19p ordinary

Purchase

6,222

5.5500  GBP

32 17/19p ordinary

Purchase

6,048

5.5803  GBP

32 17/19p ordinary

Purchase

4,230

5.5520  GBP

32 17/19p ordinary

Purchase

3,826

5.5752  GBP

32 17/19p ordinary

Purchase

3,334

5.5662  GBP

32 17/19p ordinary

Purchase

3,294

5.5985  GBP

32 17/19p ordinary

Purchase

2,922

5.5785  GBP

32 17/19p ordinary

Purchase

2,775

5.6346  GBP

32 17/19p ordinary

Purchase

2,308

5.6023  GBP

32 17/19p ordinary

Purchase

2,268

5.6060  GBP

32 17/19p ordinary

Purchase

2,028

5.5900  GBP

32 17/19p ordinary

Purchase

1,960

5.5560  GBP

32 17/19p ordinary

Purchase

1,571

5.6040  GBP

32 17/19p ordinary

Purchase

1,331

5.6140  GBP

32 17/19p ordinary

Purchase

1,300

5.5640  GBP

32 17/19p ordinary

Purchase

1,123

5.5604  GBP

32 17/19p ordinary

Purchase

833

5.5740  GBP

32 17/19p ordinary

Purchase

677

5.5830  GBP

32 17/19p ordinary

Purchase

537

5.5980  GBP

32 17/19p ordinary

Purchase

514

5.6010  GBP

32 17/19p ordinary

Purchase

510

5.6460  GBP

32 17/19p ordinary

Purchase

510

5.6458  GBP

ADR

Purchase

506

14.6100  USD

32 17/19p ordinary

Purchase

344

5.6400  GBP

32 17/19p ordinary

Purchase

326

5.6050  GBP

32 17/19p ordinary

Purchase

164

5.5709  GBP

32 17/19p ordinary

Purchase

74

5.5920  GBP

32 17/19p ordinary

Purchase

66

5.5923  GBP

32 17/19p ordinary

Purchase

50

5.5840  GBP

32 17/19p ordinary

Purchase

10

5.6000  GBP

32 17/19p ordinary

Purchase

8

5.6420  GBP

ADR

Purchase

4

14.6900  USD

32 17/19p ordinary

Sale

665,539

5.5873  GBP

32 17/19p ordinary

Sale

547,866

5.5725  GBP

32 17/19p ordinary

Sale

337,810

5.5886  GBP

32 17/19p ordinary

Sale

237,149

5.5880  GBP

32 17/19p ordinary

Sale

175,169

5.5826  GBP

32 17/19p ordinary

Sale

158,963

5.5790  GBP

32 17/19p ordinary

Sale

109,573

5.5670  GBP

32 17/19p ordinary

Sale

71,775

5.5757  GBP

32 17/19p ordinary

Sale

66,896

5.5967  GBP

32 17/19p ordinary

Sale

61,037

5.5875  GBP

32 17/19p ordinary

Sale

59,407

5.6087  GBP

32 17/19p ordinary

Sale

54,881

5.6082  GBP

32 17/19p ordinary

Sale

54,787

5.5800  GBP

32 17/19p ordinary

Sale

51,151

5.5846  GBP

32 17/19p ordinary

Sale

49,912

5.5952  GBP

32 17/19p ordinary

Sale

44,743

5.5820  GBP

32 17/19p ordinary

Sale

42,076

5.5723  GBP

32 17/19p ordinary

Sale

40,523

5.5950  GBP

32 17/19p ordinary

Sale

40,502

5.5959  GBP

32 17/19p ordinary

Sale

22,049

5.5809  GBP

32 17/19p ordinary

Sale

21,414

5.5688  GBP

32 17/19p ordinary

Sale

20,567

5.5744  GBP

32 17/19p ordinary

Sale

20,094

5.5702  GBP

32 17/19p ordinary

Sale

17,791

5.5787  GBP

32 17/19p ordinary

Sale

15,479

5.5881  GBP

32 17/19p ordinary

Sale

14,378

5.5976  GBP

32 17/19p ordinary

Sale

12,279

5.6380  GBP

32 17/19p ordinary

Sale

12,267

5.5690  GBP

32 17/19p ordinary

Sale

11,836

5.5851  GBP

32 17/19p ordinary

Sale

11,406

5.5680  GBP

32 17/19p ordinary

Sale

10,697

5.5879  GBP

32 17/19p ordinary

Sale

10,299

5.5840  GBP

32 17/19p ordinary

Sale

9,428

5.5905  GBP

32 17/19p ordinary

Sale

9,270

5.6394  GBP

32 17/19p ordinary

Sale

9,000

5.5716  GBP

32 17/19p ordinary

Sale

7,886

5.5768  GBP

32 17/19p ordinary

Sale

7,638

5.5767  GBP

32 17/19p ordinary

Sale

7,543

5.6428  GBP

32 17/19p ordinary

Sale

7,229

5.5993  GBP

32 17/19p ordinary

Sale

6,405

5.5884  GBP

32 17/19p ordinary

Sale

6,222

5.5500  GBP

32 17/19p ordinary

Sale

5,301

5.5958  GBP

32 17/19p ordinary

Sale

5,202

5.5760  GBP

32 17/19p ordinary

Sale

5,005

5.5701  GBP

32 17/19p ordinary

Sale

4,933

5.5998  GBP

32 17/19p ordinary

Sale

4,494

5.5855  GBP

32 17/19p ordinary

Sale

4,368

5.6423  GBP

32 17/19p ordinary

Sale

4,230

5.5520  GBP

32 17/19p ordinary

Sale

3,791

5.6382  GBP

32 17/19p ordinary

Sale

3,116

5.5925  GBP

32 17/19p ordinary

Sale

2,958

5.5720  GBP

32 17/19p ordinary

Sale

2,268

5.6060  GBP

32 17/19p ordinary

Sale

2,073

5.5480  GBP

32 17/19p ordinary

Sale

2,044

5.6405  GBP

32 17/19p ordinary

Sale

2,028

5.5900  GBP

32 17/19p ordinary

Sale

1,701

5.5979  GBP

32 17/19p ordinary

Sale

1,670

5.6417  GBP

32 17/19p ordinary

Sale

1,668

5.5698  GBP

32 17/19p ordinary

Sale

1,635

5.6419  GBP

32 17/19p ordinary

Sale

1,574

5.6468  GBP

32 17/19p ordinary

Sale

1,443

5.6456  GBP

32 17/19p ordinary

Sale

1,416

5.5932  GBP

32 17/19p ordinary

Sale

1,384

5.6460  GBP

32 17/19p ordinary

Sale

1,331

5.6140  GBP

32 17/19p ordinary

Sale

1,249

5.5980  GBP

32 17/19p ordinary

Sale

1,215

5.5939  GBP

32 17/19p ordinary

Sale

1,156

5.6439  GBP

32 17/19p ordinary

Sale

1,136

5.5841  GBP

32 17/19p ordinary

Sale

916

5.6426  GBP

32 17/19p ordinary

Sale

888

5.6110  GBP

32 17/19p ordinary

Sale

833

5.5740  GBP

32 17/19p ordinary

Sale

768

5.6038  GBP

32 17/19p ordinary

Sale

723

5.5916  GBP

32 17/19p ordinary

Sale

677

5.5830  GBP

32 17/19p ordinary

Sale

663

5.5560  GBP

32 17/19p ordinary

Sale

524

5.5948  GBP

32 17/19p ordinary

Sale

514

5.6010  GBP

ADR

Sale

506

14.6100  USD

ADR

Sale

390

14.5800  USD

32 17/19p ordinary

Sale

351

5.5973  GBP

32 17/19p ordinary

Sale

314

5.6420  GBP

32 17/19p ordinary

Sale

241

5.5984  GBP

32 17/19p ordinary

Sale

74

5.5920  GBP

32 17/19p ordinary

Sale

10

5.6000  GBP

32 17/19p ordinary

Sale

10

5.5730  GBP

ADR

Sale

4

14.6900  USD

 

 

 

 

 

 

 

 

(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

Increasing Long

21,414

5.5688  GBP

32 17/19p ordinary

SWAP

Increasing Long

12,267

5.5690  GBP

32 17/19p ordinary

SWAP

Increasing Long

1,668

5.5698  GBP

32 17/19p ordinary

SWAP

Increasing Long

5,005

5.5701  GBP

32 17/19p ordinary

SWAP

Increasing Long

9,241

5.5723  GBP

32 17/19p ordinary

SWAP

Increasing Long

10

5.5743  GBP

32 17/19p ordinary

SWAP

Increasing Long

7,638

5.5767  GBP

32 17/19p ordinary

SWAP

Increasing Long

85,615

5.5804  GBP

32 17/19p ordinary

SWAP

Increasing Long

175,169

5.5826  GBP

32 17/19p ordinary

SWAP

Increasing Long

836

5.5839  GBP

32 17/19p ordinary

SWAP

Increasing Long

1,136

5.5841  GBP

32 17/19p ordinary

SWAP

Increasing Long

2,097

5.5845  GBP

32 17/19p ordinary

SWAP

Increasing Long

1,568

5.5852  GBP

32 17/19p ordinary

SWAP

Increasing Long

57,386

5.5875  GBP

32 17/19p ordinary

SWAP

Increasing Long

85,731

5.5876  GBP

32 17/19p ordinary

SWAP

Increasing Long

10,697

5.5879  GBP

32 17/19p ordinary

SWAP

Increasing Long

124,419

5.5880  GBP

32 17/19p ordinary

SWAP

Increasing Long

15,479

5.5881  GBP

32 17/19p ordinary

SWAP

Increasing Long

6,405

5.5884  GBP

32 17/19p ordinary

SWAP

Increasing Long

5,782

5.5905  GBP

32 17/19p ordinary

SWAP

Increasing Long

723

5.5916  GBP

32 17/19p ordinary

SWAP

Increasing Long

28,852

5.5934  GBP

32 17/19p ordinary

SWAP

Increasing Long

26,030

5.5935  GBP

32 17/19p ordinary

SWAP

Increasing Long

1,215

5.5939  GBP

32 17/19p ordinary

SWAP

Increasing Long

524

5.5948  GBP

32 17/19p ordinary

SWAP

Increasing Long

5,301

5.5958  GBP

32 17/19p ordinary

SWAP

Increasing Long

40,502

5.5959  GBP

32 17/19p ordinary

SWAP

Increasing Long

66,896

5.5967  GBP

32 17/19p ordinary

SWAP

Increasing Long

351

5.5973  GBP

32 17/19p ordinary

SWAP

Increasing Long

14,378

5.5976  GBP

32 17/19p ordinary

SWAP

Increasing Long

1,701

5.5979  GBP

32 17/19p ordinary

SWAP

Increasing Long

4,933

5.5998  GBP

32 17/19p ordinary

SWAP

Increasing Long

466

5.6001  GBP

32 17/19p ordinary

SWAP

Increasing Long

768

5.6038  GBP

32 17/19p ordinary

SWAP

Increasing Long

930

5.6061  GBP

32 17/19p ordinary

SWAP

Increasing Long

59,407

5.6087  GBP

32 17/19p ordinary

SWAP

Increasing Long

944

5.6132  GBP

32 17/19p ordinary

SWAP

Increasing Long

373

5.6360  GBP

32 17/19p ordinary

SWAP

Increasing Long

2,044

5.6405  GBP

32 17/19p ordinary

SWAP

Decreasing Long

199,611

5.5580  GBP

32 17/19p ordinary

SWAP

Decreasing Long

17,873

5.5629  GBP

32 17/19p ordinary

SWAP

Decreasing Long

27,901

5.5692  GBP

32 17/19p ordinary

SWAP

Decreasing Long

10,442

5.5722  GBP

32 17/19p ordinary

SWAP

Decreasing Long

56,764

5.5737  GBP

32 17/19p ordinary

SWAP

Decreasing Long

29,212

5.5748  GBP

32 17/19p ordinary

SWAP

Decreasing Long

28,308

5.5760  GBP

32 17/19p ordinary

SWAP

Decreasing Long

14,770

5.5762  GBP

32 17/19p ordinary

SWAP

Decreasing Long

128,008

5.5791  GBP

32 17/19p ordinary

SWAP

Decreasing Long

57,410

5.5850  GBP

32 17/19p ordinary

SWAP

Decreasing Long

251,653

5.5873  GBP

32 17/19p ordinary

SWAP

Decreasing Long

31,200

5.5880  GBP

32 17/19p ordinary

SWAP

Decreasing Long

58,742

5.5899  GBP

32 17/19p ordinary

SWAP

Decreasing Long

1,187

5.5933  GBP

32 17/19p ordinary

SWAP

Decreasing Long

36,934

5.5944  GBP

32 17/19p ordinary

SWAP

Decreasing Long

2,137

5.5972  GBP

32 17/19p ordinary

SWAP

Decreasing Long

4,130

5.6002  GBP

32 17/19p ordinary

SWAP

Decreasing Long

12,088

5.6143  GBP

32 17/19p ordinary

SWAP

Opening Short

156,762

5.6160  GBP

32 17/19p ordinary

SWAP

Increasing Long

7,178

5.5735  GBP

32 17/19p ordinary

CFD

Increasing Long

2,483

5.5502  GBP

32 17/19p ordinary

CFD

Increasing Long

94

5.5782  GBP

32 17/19p ordinary

CFD

Increasing Long

5,780

5.6436  GBP

32 17/19p ordinary

CFD

Decreasing Long

184

5.5744  GBP

32 17/19p ordinary

CFD

Decreasing Long

322

5.5763  GBP

32 17/19p ordinary

CFD

Decreasing Long

5,780

5.5883  GBP

32 17/19p ordinary

CFD

Decreasing Long

11,875

5.5937  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:

21 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

-120,786

5.3305

European

06 Jun 2025

32 17/19p ordinary

Call Options

Written

-104,578

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:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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END
 
 
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