| 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 Mar 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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| 16,741,473 | 0.63% | 15,272,295 | 0.57% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 14,305,867 | 0.53% | 11,418,210 | 0.43% |
| (3) | Stock-settled derivatives (including options) |
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| and agreements to purchase/sell: |
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| 0 | 0.00% | 225,361 | 0.01% |
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| TOTAL: |
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| 31,047,340 | 1.16% | 26,915,866 | 1.01% |
| (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 |
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| 32 17/19p ordinary | Purchase | 322,344 | 5.5609 GBP | ||||
| 32 17/19p ordinary | Purchase | 258,699 | 5.5900 GBP | ||||
| 32 17/19p ordinary | Purchase | 192,026 | 5.5889 GBP | ||||
| 32 17/19p ordinary | Purchase | 147,202 | 5.5725 GBP | ||||
| 32 17/19p ordinary | Purchase | 135,207 | 5.5598 GBP | ||||
| 32 17/19p ordinary | Purchase | 128,983 | 5.5635 GBP | ||||
| 32 17/19p ordinary | Purchase | 97,769 | 5.5569 GBP | ||||
| 32 17/19p ordinary | Purchase | 64,353 | 5.5540 GBP | ||||
| 32 17/19p ordinary | Purchase | 42,240 | 5.5841 GBP | ||||
| 32 17/19p ordinary | Purchase | 30,751 | 5.5465 GBP | ||||
| 32 17/19p ordinary | Purchase | 26,967 | 5.5611 GBP | ||||
| 32 17/19p ordinary | Purchase | 22,991 | 5.5679 GBP | ||||
| 32 17/19p ordinary | Purchase | 22,861 | 5.5613 GBP | ||||
| 32 17/19p ordinary | Purchase | 20,039 | 5.5432 GBP | ||||
| 32 17/19p ordinary | Purchase | 19,279 | 5.5516 GBP | ||||
| 32 17/19p ordinary | Purchase | 18,963 | 5.5538 GBP | ||||
| 32 17/19p ordinary | Purchase | 18,400 | 5.5599 GBP | ||||
| 32 17/19p ordinary | Purchase | 13,099 | 5.5559 GBP | ||||
| 32 17/19p ordinary | Purchase | 12,061 | 5.5555 GBP | ||||
| 32 17/19p ordinary | Purchase | 8,675 | 5.5307 GBP | ||||
| 32 17/19p ordinary | Purchase | 8,646 | 5.5501 GBP | ||||
| 32 17/19p ordinary | Purchase | 7,193 | 5.5560 GBP | ||||
| 32 17/19p ordinary | Purchase | 6,012 | 5.5543 GBP | ||||
| 32 17/19p ordinary | Purchase | 4,751 | 5.5614 GBP | ||||
| 32 17/19p ordinary | Purchase | 4,592 | 5.5858 GBP | ||||
| 32 17/19p ordinary | Purchase | 3,513 | 5.5694 GBP | ||||
| 32 17/19p ordinary | Purchase | 3,300 | 5.5475 GBP | ||||
| 32 17/19p ordinary | Purchase | 3,164 | 5.5887 GBP | ||||
| 32 17/19p ordinary | Purchase | 2,831 | 5.5692 GBP | ||||
| 32 17/19p ordinary | Purchase | 2,225 | 5.5346 GBP | ||||
| 32 17/19p ordinary | Purchase | 2,222 | 5.5444 GBP | ||||
| 32 17/19p ordinary | Purchase | 2,182 | 5.5530 GBP | ||||
| 32 17/19p ordinary | Purchase | 2,102 | 5.5502 GBP | ||||
| 32 17/19p ordinary | Purchase | 1,978 | 5.5700 GBP | ||||
| 32 17/19p ordinary | Purchase | 1,482 | 5.5394 GBP | ||||
| 32 17/19p ordinary | Purchase | 1,473 | 5.5980 GBP | ||||
| 32 17/19p ordinary | Purchase | 1,463 | 5.5960 GBP | ||||
| 32 17/19p ordinary | Purchase | 1,265 | 5.5685 GBP | ||||
| 32 17/19p ordinary | Purchase | 1,209 | 5.5658 GBP | ||||
| ADR | Purchase | 1,200 | 14.6100 USD | ||||
| 32 17/19p ordinary | Purchase | 1,126 | 5.5435 GBP | ||||
| 32 17/19p ordinary | Purchase | 1,089 | 5.5606 GBP | ||||
| 32 17/19p ordinary | Purchase | 1,021 | 5.5380 GBP | ||||
| 32 17/19p ordinary | Purchase | 1,007 | 5.5288 GBP | ||||
| 32 17/19p ordinary | Purchase | 958 | 5.5920 GBP | ||||
| 32 17/19p ordinary | Purchase | 941 | 5.5351 GBP | ||||
| 32 17/19p ordinary | Purchase | 896 | 5.5460 GBP | ||||
| 32 17/19p ordinary | Purchase | 725 | 5.5600 GBP | ||||
| 32 17/19p ordinary | Purchase | 639 | 5.5943 GBP | ||||
| 32 17/19p ordinary | Purchase | 580 | 5.5400 GBP | ||||
| 32 17/19p ordinary | Purchase | 569 | 5.5580 GBP | ||||
| 32 17/19p ordinary | Purchase | 543 | 5.5426 GBP | ||||
| 32 17/19p ordinary | Purchase | 494 | 5.5360 GBP | ||||
| 32 17/19p ordinary | Purchase | 477 | 5.5520 GBP | ||||
| 32 17/19p ordinary | Purchase | 473 | 5.5500 GBP | ||||
| 32 17/19p ordinary | Purchase | 342 | 5.5280 GBP | ||||
| 32 17/19p ordinary | Purchase | 260 | 5.5640 GBP | ||||
| 32 17/19p ordinary | Purchase | 238 | 5.5340 GBP | ||||
| 32 17/19p ordinary | Purchase | 186 | 5.5780 GBP | ||||
| 32 17/19p ordinary | Purchase | 100 | 5.5641 GBP | ||||
| 32 17/19p ordinary | Purchase | 76 | 5.5860 GBP | ||||
| 32 17/19p ordinary | Purchase | 54 | 5.5320 GBP | ||||
| 32 17/19p ordinary | Purchase | 54 | 5.5490 GBP | ||||
| 32 17/19p ordinary | Purchase | 39 | 5.5660 GBP | ||||
| 32 17/19p ordinary | Purchase | 25 | 5.5940 GBP | ||||
| 32 17/19p ordinary | Purchase | 15 | 5.5140 GBP | ||||
| 32 17/19p ordinary | Sale | 452,897 | 5.5874 GBP | ||||
| 32 17/19p ordinary | Sale | 235,537 | 5.5900 GBP | ||||
| 32 17/19p ordinary | Sale | 197,989 | 5.5876 GBP | ||||
| 32 17/19p ordinary | Sale | 47,388 | 5.5723 GBP | ||||
| 32 17/19p ordinary | Sale | 31,015 | 5.5844 GBP | ||||
| 32 17/19p ordinary | Sale | 17,915 | 5.5899 GBP | ||||
| 32 17/19p ordinary | Sale | 17,821 | 5.5783 GBP | ||||
| 32 17/19p ordinary | Sale | 17,485 | 5.5896 GBP | ||||
| 32 17/19p ordinary | Sale | 17,252 | 5.5911 GBP | ||||
| 32 17/19p ordinary | Sale | 16,916 | 5.5666 GBP | ||||
| 32 17/19p ordinary | Sale | 16,316 | 5.5867 GBP | ||||
| 32 17/19p ordinary | Sale | 12,573 | 5.5936 GBP | ||||
| 32 17/19p ordinary | Sale | 12,359 | 5.5240 GBP | ||||
| 32 17/19p ordinary | Sale | 12,181 | 5.5545 GBP | ||||
| 32 17/19p ordinary | Sale | 11,073 | 5.5765 GBP | ||||
| 32 17/19p ordinary | Sale | 9,814 | 5.5709 GBP | ||||
| 32 17/19p ordinary | Sale | 9,400 | 5.5831 GBP | ||||
| 32 17/19p ordinary | Sale | 7,376 | 5.5745 GBP | ||||
| 32 17/19p ordinary | Sale | 5,447 | 5.5546 GBP | ||||
| 32 17/19p ordinary | Sale | 4,859 | 5.5522 GBP | ||||
| 32 17/19p ordinary | Sale | 4,265 | 5.5490 GBP | ||||
| 32 17/19p ordinary | Sale | 3,545 | 5.5586 GBP | ||||
| 32 17/19p ordinary | Sale | 2,480 | 5.5773 GBP | ||||
| 32 17/19p ordinary | Sale | 2,388 | 5.5571 GBP | ||||
| 32 17/19p ordinary | Sale | 2,182 | 5.5530 GBP | ||||
| 32 17/19p ordinary | Sale | 1,611 | 5.5657 GBP | ||||
| 32 17/19p ordinary | Sale | 1,473 | 5.5980 GBP | ||||
| ADR | Sale | 1,200 | 14.6100 USD | ||||
| 32 17/19p ordinary | Sale | 1,196 | 5.5488 GBP | ||||
| 32 17/19p ordinary | Sale | 1,150 | 5.5960 GBP | ||||
| 32 17/19p ordinary | Sale | 1,068 | 5.5495 GBP | ||||
| 32 17/19p ordinary | Sale | 1,021 | 5.5380 GBP | ||||
| 32 17/19p ordinary | Sale | 958 | 5.5920 GBP | ||||
| 32 17/19p ordinary | Sale | 908 | 5.5700 GBP | ||||
| 32 17/19p ordinary | Sale | 896 | 5.5460 GBP | ||||
| 32 17/19p ordinary | Sale | 725 | 5.5600 GBP | ||||
| 32 17/19p ordinary | Sale | 569 | 5.5580 GBP | ||||
| 32 17/19p ordinary | Sale | 537 | 5.5560 GBP | ||||
| 32 17/19p ordinary | Sale | 494 | 5.5360 GBP | ||||
| 32 17/19p ordinary | Sale | 487 | 5.5540 GBP | ||||
| 32 17/19p ordinary | Sale | 477 | 5.5520 GBP | ||||
| 32 17/19p ordinary | Sale | 342 | 5.5280 GBP | ||||
| 32 17/19p ordinary | Sale | 277 | 5.5500 GBP | ||||
| 32 17/19p ordinary | Sale | 260 | 5.5640 GBP | ||||
| 32 17/19p ordinary | Sale | 238 | 5.5340 GBP | ||||
| 32 17/19p ordinary | Sale | 218 | 5.5482 GBP | ||||
| 32 17/19p ordinary | Sale | 110 | 5.5780 GBP | ||||
| 32 17/19p ordinary | Sale | 76 | 5.5860 GBP | ||||
| 32 17/19p ordinary | Sale | 57 | 5.5933 GBP | ||||
| 32 17/19p ordinary | Sale | 54 | 5.5320 GBP | ||||
| 32 17/19p ordinary | Sale | 25 | 5.5940 GBP | ||||
| 32 17/19p ordinary | Sale | 15 | 5.5140 GBP | ||||
| 32 17/19p ordinary | Sale | 14 | 5.5970 GBP | ||||
| 32 17/19p ordinary | Sale | 11 | 5.5419 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 | Decreasing Short | 7,300 | 5.5529 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 256 | 5.5599 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 174 | 5.5640 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 14,517 | 5.5709 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 1,881 | 5.5766 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 70 | 5.5775 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 9,400 | 5.5831 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 885 | 5.5833 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 31,015 | 5.5844 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 293 | 5.5850 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 16,316 | 5.5867 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 18,923 | 5.5888 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 17,485 | 5.5896 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 17,915 | 5.5899 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 213,376 | 5.5900 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 12,573 | 5.5936 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 16,275 | 5.5416 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 20,039 | 5.5432 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 622 | 5.5500 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 63,866 | 5.5540 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 45,307 | 5.5564 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 60,918 | 5.5565 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 135,207 | 5.5598 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 322,344 | 5.5609 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 4,751 | 5.5614 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 100 | 5.5640 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 1,668 | 5.5660 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 105,029 | 5.5670 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 89,670 | 5.5674 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 23,095 | 5.5679 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 100 | 5.5704 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 17,271 | 5.5781 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 37,033 | 5.5787 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 17,707 | 5.5900 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 5,520 | 5.5902 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Long | 2,907 | 5.5584 GBP | |||
| 32 17/19p ordinary | CFD | Increasing Long | 213 | 5.5522 GBP | |||
| 32 17/19p ordinary | CFD | Increasing Long | 1,412 | 5.5560 GBP | |||
| 32 17/19p ordinary | CFD | Increasing Long | 2,387 | 5.5629 GBP | |||
| 32 17/19p ordinary | CFD | Increasing Long | 736 | 5.5656 GBP | |||
| 32 17/19p ordinary | CFD | Increasing Long | 48,496 | 5.5746 GBP | |||
| 32 17/19p ordinary | CFD | Increasing Long | 14 | 5.5971 GBP | |||
| 32 17/19p ordinary | CFD | Decreasing Long | 75,450 | 5.5492 GBP | |||
| 32 17/19p ordinary | CFD | Decreasing Long | 4,444 | 5.5638 GBP | |||
| 32 17/19p ordinary | CFD | Decreasing Long | 1,200 | 5.5663 GBP | |||
| 32 17/19p ordinary | CFD | Decreasing Long | 736 | 5.5903 GBP | |||
| 32 17/19p ordinary | CFD | Decreasing Long | 28,754 | 5.5904 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 | |||
| security |
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| securities | unit | |||
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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 Mar 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 | Call Options | Written | -120,786 | 5.3305 | European | 06 Jun 2025 | |
| 32 17/19p ordinary | Call Options | Written | -104,575 | 5.3176 | European | 05 Jun 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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