RNS Number : 5492E BNP Paribas London 10 April 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: BNP Paribas SA (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. (c) Name of offeror/offeree in relation to whose relevant securities this form relates:      Use a separate form for each offeror/offeree Aviva plc (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:      For an opening position disclosure, state the latest practicable date prior to the disclosure 09/04/2025 (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" Yes If YES, specify which: Direct Line Insurance Group plc   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:   GB00BPQY8M80 (32 17/19p ordinary)     Interests Short positions   Number % Number % (1) Relevant securities owned and/or controlled: 11,983,913 0.4475 -22,098,718 -0.8252 (2) Cash-settled derivatives: 13,521,271 0.5049 -6,614,596 -0.2470 (3) Stock-settled derivatives (including options) and agreements to purchase/sell: 586,000 0.0219 -36,000 -0.0013 TOTAL: 26,091,184 0.9743 -28,749,314 -1.0736   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: Details, including nature of the rights concerned and relevant percentages:       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 GB00BPQY8M80 Purchase 7 5.0380 GBP GB00BPQY8M80 Purchase 80 5.0360 GBP GB00BPQY8M80 Purchase 95 5.0194 GBP GB00BPQY8M80 Purchase 100 5.0280 GBP GB00BPQY8M80 Purchase 104 5.0800 GBP GB00BPQY8M80 Purchase 237 4.9977 GBP GB00BPQY8M80 Purchase 265 5.0280 GBP GB00BPQY8M80 Purchase 356 5.0140 GBP GB00BPQY8M80 Purchase 427 4.9896 GBP GB00BPQY8M80 Purchase 472 4.9939 GBP GB00BPQY8M80 Purchase 804 5.0191 GBP GB00BPQY8M80 Purchase 881 5.0740 GBP GB00BPQY8M80 Purchase 1,007 4.9900 GBP GB00BPQY8M80 Purchase 1,007 4.9910 GBP GB00BPQY8M80 Purchase 1,219 5.0300 GBP GB00BPQY8M80 Purchase 1,245 5.0020 GBP GB00BPQY8M80 Purchase 1,345 4.9525 GBP GB00BPQY8M80 Purchase 1,372 5.0160 GBP GB00BPQY8M80 Purchase 1,434 5.0060 GBP GB00BPQY8M80 Purchase 1,518 5.0380 GBP GB00BPQY8M80 Purchase 1,758 4.9990 GBP GB00BPQY8M80 Purchase 1,864 5.0320 GBP GB00BPQY8M80 Purchase 2,130 5.0102 GBP GB00BPQY8M80 Purchase 2,900 5.0360 GBP GB00BPQY8M80 Purchase 4,520 5.0120 GBP GB00BPQY8M80 Purchase 5,512 4.9917 GBP GB00BPQY8M80 Purchase 6,539 4.9836 GBP GB00BPQY8M80 Purchase 6,779 5.0680 GBP GB00BPQY8M80 Purchase 8,248 5.0020 GBP GB00BPQY8M80 Purchase 9,192 5.0140 GBP GB00BPQY8M80 Purchase 11,327 5.0160 GBP GB00BPQY8M80 Purchase 12,116 5.0028 GBP GB00BPQY8M80 Purchase 12,502 5.0180 GBP GB00BPQY8M80 Purchase 19,758 4.9933 GBP GB00BPQY8M80 Purchase 22,105 4.9913 GBP GB00BPQY8M80 Purchase 22,791 4.9731 GBP GB00BPQY8M80 Purchase 26,125 4.9881 GBP GB00BPQY8M80 Purchase 36,116 5.0020 GBP GB00BPQY8M80 Purchase 42,454 4.9758 GBP GB00BPQY8M80 Purchase 62,459 5.0200 GBP GB00BPQY8M80 Purchase 78,572 4.9650 GBP GB00BPQY8M80 Purchase 93,221 5.0700 GBP GB00BPQY8M80 Purchase 197,322 4.9689 GBP GB00BPQY8M80 Purchase 246,751 4.9914 GBP GB00BPQY8M80 Sale -224,427 4.9920 GBP GB00BPQY8M80 Sale -176,627 4.9995 GBP GB00BPQY8M80 Sale -147,560 4.9676 GBP GB00BPQY8M80 Sale -99,315 4.9644 GBP GB00BPQY8M80 Sale -89,582 4.9714 GBP GB00BPQY8M80 Sale -89,248 4.9909 GBP GB00BPQY8M80 Sale -87,939 4.9917 GBP GB00BPQY8M80 Sale -86,668 4.9898 GBP GB00BPQY8M80 Sale -68,314 5.0020 GBP GB00BPQY8M80 Sale -66,971 4.9923 GBP GB00BPQY8M80 Sale -49,775 4.9851 GBP GB00BPQY8M80 Sale -37,233 5.0087 GBP GB00BPQY8M80 Sale -33,152 4.9928 GBP GB00BPQY8M80 Sale -27,244 5.0020 GBP GB00BPQY8M80 Sale -17,120 5.0020 GBP GB00BPQY8M80 Sale -15,423 5.0140 GBP GB00BPQY8M80 Sale -14,578 5.0070 GBP GB00BPQY8M80 Sale -11,098 5.0020 GBP GB00BPQY8M80 Sale -8,458 4.9959 GBP GB00BPQY8M80 Sale -7,176 5.0028 GBP GB00BPQY8M80 Sale -6,334 5.0020 GBP GB00BPQY8M80 Sale -3,891 5.0395 GBP GB00BPQY8M80 Sale -3,829 5.0037 GBP GB00BPQY8M80 Sale -1,925 5.0138 GBP GB00BPQY8M80 Sale -1,914 5.0020 GBP GB00BPQY8M80 Sale -1,730 4.9940 GBP GB00BPQY8M80 Sale -1,600 5.0020 GBP GB00BPQY8M80 Sale -1,539 5.0280 GBP GB00BPQY8M80 Sale -1,284 5.0410 GBP GB00BPQY8M80 Sale -1,000 5.0181 GBP GB00BPQY8M80 Sale -881 5.0740 GBP GB00BPQY8M80 Sale -521 5.0250 GBP GB00BPQY8M80 Sale -472 4.9939 GBP GB00BPQY8M80 Sale -427 4.9896 GBP GB00BPQY8M80 Sale -400 5.0800 GBP GB00BPQY8M80 Sale -284 5.0204 GBP GB00BPQY8M80 Sale -237 4.9977 GBP GB00BPQY8M80 Sale -158 5.0415 GBP GB00BPQY8M80 Sale -104 5.0800 GBP GB00BPQY8M80 Sale -95 5.0194 GBP GB00BPQY8M80 Sale -15 5.0520 GBP GB00BPQY8M80 Sale -7 5.0380 GBP GB00BPQY8M80 Sale -5 5.0446 GBP   (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 GB00BPQY8M80 Contract for Difference Opening Short Position -36,116 5.8467 GBP GB00BPQY8M80 Contract for Difference Opening Short Position -209 5.8275 GBP GB00BPQY8M80 Contract for Difference Increasing Long Position 1,539 5.0020 GB00BPQY8M80 Contract for Difference Increasing Long Position 49,775 5.0020 GBP GB00BPQY8M80 Contract for Difference Increasing Short Position -42,497 5.0020 GB00BPQY8M80 Contract for Difference Increasing Short Position -49,775 5.8275 GBP GB00BPQY8M80 Contract for Difference Increasing Short Position -9,350 5.8275 GBP GB00BPQY8M80 Contract for Difference Reducing Long Position -12,116 5.0020 GB00BPQY8M80 Contract for Difference Reducing Long Position -100 5.0020 GB00BPQY8M80 Contract for Difference Reducing Short Position 2,463 5.0020 GB00BPQY8M80 Contract for Difference Reducing Short Position 419,576 5.0020 GB00BPQY8M80 Contract for Difference Reducing Short Position 1,925 5.0020 GBP   (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             (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)             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? Yes     Date of disclosure: 10/04/2025 Contact name: Compliance Control Room Telephone number*: 0207 595 9695   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.       DETAILS OF OPEN STOCK-SETTLED DERIVATIVE (INCLUDING OPTION) POSITIONS, AGREEMENTS TO PURCHASE OR SELL ETC. Note 5(i) on Rule 8 of the Takeover Code (the "Code")   1. KEY INFORMATION    Full name of person making disclosure:   BNP Paribas SA  Name of offeror/offeree in relation to whose  relevant securities the disclosure relates: Aviva plc   2. STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)   Class of relevant security Product description e.g. call option Written or purchased Number of securities to which option or derivative relates Exercise price per unit Type e.g. American, European etc. Expiry date 32 17/19p ordinary (GB00BPQY8M80) Call Option P 86000 5.002 american 19/12/2025 32 17/19p ordinary (GB00BPQY8M80) Put Option W 500000 5.002 american 18/12/2026 32 17/19p ordinary (GB00BPQY8M80) Put Option P -36000 5.002 american 20/03/2026   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:         It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to cash-settled derivatives.   The currency of all prices and other monetary amounts should be stated.   The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.   The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk     This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. 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