| 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: | 16 Apr 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: |
|
| 13,838,200 | 0.52% | 15,740,941 | 0.59% |
| (2) | Cash-settled derivatives: |
|
|
|
| ||
|
| and/or controlled: |
|
| 14,675,714 | 0.55% | 11,646,443 | 0.43% |
| (3) | Stock-settled derivatives (including options) |
|
|
|
| ||
|
| and agreements to purchase/sell: |
|
| 0 | 0.00% | 225,354 | 0.01% |
|
|
|
|
|
|
|
|
|
|
| TOTAL: |
|
| 28,513,914 | 1.06% | 27,612,738 | 1.03% |
| (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 | 3,040,477 | 5.2400 GBP | ||||
| 32 17/19p ordinary | Purchase | 732,372 | 5.2388 GBP | ||||
| 32 17/19p ordinary | Purchase | 225,741 | 5.2381 GBP | ||||
| 32 17/19p ordinary | Purchase | 134,177 | 5.2377 GBP | ||||
| 32 17/19p ordinary | Purchase | 66,362 | 5.2302 GBP | ||||
| 32 17/19p ordinary | Purchase | 42,111 | 5.2410 GBP | ||||
| 32 17/19p ordinary | Purchase | 40,170 | 5.2134 GBP | ||||
| 32 17/19p ordinary | Purchase | 35,414 | 5.2137 GBP | ||||
| 32 17/19p ordinary | Purchase | 35,253 | 5.2353 GBP | ||||
| 32 17/19p ordinary | Purchase | 32,196 | 5.2120 GBP | ||||
| 32 17/19p ordinary | Purchase | 30,571 | 5.2421 GBP | ||||
| 32 17/19p ordinary | Purchase | 28,058 | 5.2281 GBP | ||||
| 32 17/19p ordinary | Purchase | 19,663 | 5.2407 GBP | ||||
| 32 17/19p ordinary | Purchase | 16,303 | 5.2458 GBP | ||||
| 32 17/19p ordinary | Purchase | 14,384 | 5.2428 GBP | ||||
| 32 17/19p ordinary | Purchase | 13,362 | 5.2324 GBP | ||||
| 32 17/19p ordinary | Purchase | 11,045 | 5.2427 GBP | ||||
| 32 17/19p ordinary | Purchase | 9,943 | 5.2409 GBP | ||||
| 32 17/19p ordinary | Purchase | 7,603 | 5.2129 GBP | ||||
| 32 17/19p ordinary | Purchase | 6,720 | 5.2219 GBP | ||||
| 32 17/19p ordinary | Purchase | 6,291 | 5.2037 GBP | ||||
| 32 17/19p ordinary | Purchase | 5,590 | 5.2365 GBP | ||||
| 32 17/19p ordinary | Purchase | 4,624 | 5.2301 GBP | ||||
| 32 17/19p ordinary | Purchase | 3,837 | 5.2309 GBP | ||||
| 32 17/19p ordinary | Purchase | 3,298 | 5.2059 GBP | ||||
| 32 17/19p ordinary | Purchase | 2,983 | 5.2442 GBP | ||||
| 32 17/19p ordinary | Purchase | 2,932 | 5.2053 GBP | ||||
| 32 17/19p ordinary | Purchase | 2,683 | 5.2252 GBP | ||||
| 32 17/19p ordinary | Purchase | 2,170 | 5.2211 GBP | ||||
| 32 17/19p ordinary | Purchase | 2,155 | 5.2391 GBP | ||||
| 32 17/19p ordinary | Purchase | 2,031 | 5.2415 GBP | ||||
| 32 17/19p ordinary | Purchase | 1,763 | 5.2459 GBP | ||||
| 32 17/19p ordinary | Purchase | 1,719 | 5.2473 GBP | ||||
| 32 17/19p ordinary | Purchase | 1,322 | 5.2291 GBP | ||||
| 32 17/19p ordinary | Purchase | 1,277 | 5.2031 GBP | ||||
| 32 17/19p ordinary | Purchase | 1,171 | 5.2190 GBP | ||||
| 32 17/19p ordinary | Purchase | 915 | 5.2240 GBP | ||||
| 32 17/19p ordinary | Purchase | 753 | 5.2340 GBP | ||||
| 32 17/19p ordinary | Purchase | 677 | 5.2360 GBP | ||||
| 32 17/19p ordinary | Purchase | 623 | 5.2440 GBP | ||||
| ADR | Purchase | 574 | 14.0200 USD | ||||
| 32 17/19p ordinary | Purchase | 538 | 5.2380 GBP | ||||
| 32 17/19p ordinary | Purchase | 302 | 5.2460 GBP | ||||
| ADR | Purchase | 202 | 13.9803 USD | ||||
| 32 17/19p ordinary | Purchase | 86 | 5.2279 GBP | ||||
| 32 17/19p ordinary | Sale | 1,034,025 | 5.2400 GBP | ||||
| 32 17/19p ordinary | Sale | 288,515 | 5.2330 GBP | ||||
| 32 17/19p ordinary | Sale | 136,634 | 5.2355 GBP | ||||
| 32 17/19p ordinary | Sale | 76,447 | 5.2223 GBP | ||||
| 32 17/19p ordinary | Sale | 45,227 | 5.2087 GBP | ||||
| 32 17/19p ordinary | Sale | 31,306 | 5.2293 GBP | ||||
| 32 17/19p ordinary | Sale | 19,374 | 5.2338 GBP | ||||
| 32 17/19p ordinary | Sale | 16,581 | 5.2258 GBP | ||||
| 32 17/19p ordinary | Sale | 16,196 | 5.2389 GBP | ||||
| 32 17/19p ordinary | Sale | 12,131 | 5.2409 GBP | ||||
| 32 17/19p ordinary | Sale | 10,951 | 5.2396 GBP | ||||
| 32 17/19p ordinary | Sale | 10,403 | 5.2303 GBP | ||||
| 32 17/19p ordinary | Sale | 9,992 | 5.2383 GBP | ||||
| 32 17/19p ordinary | Sale | 9,972 | 5.2174 GBP | ||||
| 32 17/19p ordinary | Sale | 9,655 | 5.2372 GBP | ||||
| 32 17/19p ordinary | Sale | 9,108 | 5.2110 GBP | ||||
| 32 17/19p ordinary | Sale | 4,591 | 5.2253 GBP | ||||
| 32 17/19p ordinary | Sale | 4,589 | 5.2417 GBP | ||||
| 32 17/19p ordinary | Sale | 4,166 | 5.2325 GBP | ||||
| 32 17/19p ordinary | Sale | 3,090 | 5.2493 GBP | ||||
| 32 17/19p ordinary | Sale | 3,030 | 5.1920 GBP | ||||
| 32 17/19p ordinary | Sale | 3,028 | 5.2499 GBP | ||||
| 32 17/19p ordinary | Sale | 2,738 | 5.2452 GBP | ||||
| 32 17/19p ordinary | Sale | 2,292 | 5.2109 GBP | ||||
| 32 17/19p ordinary | Sale | 1,787 | 5.2320 GBP | ||||
| 32 17/19p ordinary | Sale | 1,415 | 5.2460 GBP | ||||
| 32 17/19p ordinary | Sale | 1,363 | 5.2050 GBP | ||||
| 32 17/19p ordinary | Sale | 1,135 | 5.2352 GBP | ||||
| 32 17/19p ordinary | Sale | 915 | 5.2240 GBP | ||||
| 32 17/19p ordinary | Sale | 661 | 5.2420 GBP | ||||
| 32 17/19p ordinary | Sale | 624 | 5.2102 GBP | ||||
| ADR | Sale | 574 | 14.0200 USD | ||||
| 32 17/19p ordinary | Sale | 395 | 5.2360 GBP | ||||
| 32 17/19p ordinary | Sale | 380 | 5.2180 GBP | ||||
| 32 17/19p ordinary | Sale | 362 | 5.2490 GBP | ||||
| 32 17/19p ordinary | Sale | 304 | 5.2371 GBP | ||||
| 32 17/19p ordinary | Sale | 211 | 5.2190 GBP | ||||
| ADR | Sale | 202 | 13.9803 USD | ||||
| 32 17/19p ordinary | Sale | 100 | 5.2277 GBP | ||||
|
|
|
|
|
|
|
|
|
| (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 | Decreasing Short | 3,030 | 5.1920 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 8,802 | 5.2059 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 45,227 | 5.2087 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 8,364 | 5.2110 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 4,591 | 5.2253 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 16,581 | 5.2258 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 7,348 | 5.2272 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 31,306 | 5.2293 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 59,533 | 5.2323 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 19,374 | 5.2338 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 25,196 | 5.2341 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 5,131 | 5.2352 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 9,655 | 5.2372 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 9,992 | 5.2383 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 16,196 | 5.2389 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 10,951 | 5.2396 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 79,464 | 5.2397 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 571,269 | 5.2400 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 4,082 | 5.2401 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 288 | 5.2407 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 12,854 | 5.2409 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Short | 2,738 | 5.2452 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 6,291 | 5.2037 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 22,380 | 5.2073 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 51,300 | 5.2105 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 42,317 | 5.2340 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 134,177 | 5.2377 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 58,437 | 5.2380 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 225,741 | 5.2381 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 89,477 | 5.2388 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 267,355 | 5.2389 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 151,817 | 5.2398 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 501,654 | 5.2400 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 19,663 | 5.2407 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 42,111 | 5.2410 GBP | |||
| 32 17/19p ordinary | SWAP | Increasing Short | 16,001 | 5.2458 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Long | 900 | 5.2353 GBP | |||
| 32 17/19p ordinary | SWAP | Decreasing Long | 7,200 | 5.2400 GBP | |||
| 32 17/19p ordinary | CFD | Increasing Long | 12,780 | 5.2156 GBP | |||
| 32 17/19p ordinary | CFD | Increasing Long | 200 | 5.2276 GBP | |||
| 32 17/19p ordinary | CFD | Increasing Long | 34,494 | 5.2320 GBP | |||
| 32 17/19p ordinary | CFD | Increasing Long | 7,320 | 5.2331 GBP | |||
| 32 17/19p ordinary | CFD | Increasing Long | 1,715,472 | 5.2400 GBP | |||
| 32 17/19p ordinary | CFD | Increasing Long | 2,400 | 5.2480 GBP | |||
| 32 17/19p ordinary | CFD | Decreasing Long | 604 | 5.2394 GBP | |||
| 32 17/19p ordinary | CFD | Decreasing Long | 3,843,946 | 5.2400 GBP | |||
| 32 17/19p ordinary | CFD | Decreasing Long | 3,801 | 5.2403 GBP | |||
| 32 17/19p ordinary | CFD | Decreasing Long | 8,245 | 5.2411 GBP | |||
| 32 17/19p ordinary | CFD | Decreasing Long | 29,033 | 5.2426 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: | 17 Apr 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 | -120,762 | 5.3305 | European | 06 Jun 2025 | |
| 32 17/19p ordinary | Call Options | Written | -104,592 | 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: | |||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
