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 |
22nd April 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 | |||
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| Interests | Short positions | ||
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| Number | % | Number | % |
| (1) Relevant securities owned and/or controlled: | 1,411,225 | 0.053 |
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| (2) Cash-settled derivatives:
| 7,084,190 | 0.265 | 8,457,622 | 0.316 |
| (3) Stock-settled derivatives 9,046,722 (including options) and agreements to purchase/sell: |
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| TOTAL: | 8,495,415 | 0.317 | 8,457,622 | 0.316 |
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
| Purchases
Sales
| 250 260 390 202 76,300 4,000 650 18,725 68 520 30 37,311 810 69,909 4,220 30 215,025 15,000 520 30 60 45,125 202 124 30 1,965 3,000 90,099 24,400 27,450
9,715 2,031 2,558 897 260 390 589 98 22,621 910 284 1,905 129 1,017 2,603 7,867 5,850 1,017 2,565 648 3,051 978 696 7,221 1,052 1,118 538 736 232 869 6,031 252 2,694 22,095 2,559 952 2,619 6,426 2,976 12,468 13,556 3,589 2,835 2,786 1,259 2,561 13,930 20,107 4,470 3,090 8,009 7,508 70,313 36,157 11,279 11,526 15,569 20,403 6,278 11,104 4,226 5,391 10,932 4,666 10,880 3,129 232 10,712 2,785 8,584 93,938 394 3,316 435 2,653 7,468 892 6,028 1,965 8,920 26,309 | 525.4000 526.1000 526.2000 526.2800 529.3500 530.6200 531.8000 532.1888 533.0400 534.2000 534.6000 534.6906 534.8000 534.8198 534.8200 535.0000 535.0319 535.0400 535.2000 535.4000 535.6000 535.7488 535.8144 535.8200 535.9000 535.9058 536.0200 536.6000 537.4200 538.2000
525.4000 525.6000 525.8000 525.9000 526.1000 526.2000 526.4000 526.5000 526.8000 527.0012 527.1000 528.2000 528.3000 528.4000 528.8000 529.0000 529.1680 529.4000 529.6000 529.8000 530.0000 530.4000 530.5000 530.6000 530.8000 531.0000 531.2000 531.3000 531.4000 531.7000 531.8000 531.9000 532.0000 532.1336 532.3000 532.4000 532.7000 532.8000 533.0000 533.2000 533.4000 533.6000 533.8000 534.0000 534.2000 534.3000 534.3206 534.4000 534.5000 534.6000 534.7000 534.8000 534.9000 535.0000 535.1000 535.2000 535.3000 535.4000 535.5000 535.6000 535.7000 535.8000 535.9000 536.0000 536.1000 536.1800 536.2000 536.3000 536.4000 536.5000 536.6000 536.7000 536.7221 536.9000 537.0000 537.1000 537.2000 537.3000 537.3217 537.5000 538.2000 |
(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 | Swap | Increasing a short position | 1,965 | 537.3215 |
· 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: | 23rd April 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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