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 |
26th 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 | |||
|
| Interests | Short positions | ||
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| Number | % | Number | % |
| (1) Relevant securities owned and/or controlled: | 437,754 | 0.016 |
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| (2) Cash-settled derivatives:
| 8,505,904 | 0.317 | 8,943,404 | 0.334 |
| (3) Stock-settled derivatives 9,046,722 (including options) and agreements to purchase/sell: |
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| TOTAL: | 8,943,658 | 0.333 | 8,943,404 | 0.337 |
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 | 292 223 1,677 876 1,153 134 4 2,044 132 901 787 3,067 1,492 4,381 1,527 16,940 920 1,276 1,025 1,536 786 139 1,478 1,609 4,476 1,968 3,408 586 300 1,460 534 706 9,724 677 668 761 1,043 137,609 218 3,125 503 978 1,824 660 613 39,276 947 393 760 454 189
5,607 7,627 63 962 56,064 1,462 2,271 131,860 54,458 540 17,440 2,762 567 1,816 33 | 558.9000 559.0000 559.1000 559.2000 559.3000 559.4000 559.5000 559.6000 559.7000 559.8000 559.9000 560.0000 560.1000 560.2000 560.3000 560.4000 560.5000 560.6000 560.6900 560.7000 560.8000 560.9000 561.0000 561.1000 561.2000 561.3000 561.4000 561.6000 561.7000 561.8000 561.9000 562.0000 562.0200 562.1000 562.3000 562.4000 562.5000 562.5228 562.6000 562.7000 562.8000 562.9000 563.0000 563.1000 563.2000 563.2200 563.3000 563.4000 563.4200 563.5000 563.7000
560.4000 560.5240 560.6000 560.7000 561.0300 562.4000 562.5000 562.6000 563.0000 563.1000 563.2000 563.4000 563.5700 563.6000 563.9800 |
· 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 | | | | |
· 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: | 27th 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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