
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 |
23rd 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 | |||
| Interests | Short positions | ||
| Number | % | Number | % |
(1) Relevant securities owned and/or controlled: | 1,255,484 | 0.046 |
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(2) Cash-settled derivatives:
| 7,136,031 | 0.266 | 8,457,622 | 0.316 |
(3) Stock-settled derivatives 9,046,722 (including options) and agreements to purchase/sell: |
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TOTAL: | 8,391,515 | 0.312 | 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
| Purchase
Sale | 74,446 6,979 57,556 736 2,876 13,000 34,885 3,454 5,453 5,620 130 460,077 496 5,003 12,304 1,296 6,000 4,912 13,824 8,957 5,209 8,519 6,344 8,233 5,912 4,940 13,400 2,465 1,100 2,000 3,347 653 24,992 91,744 2,000
127 2,095 1,121 2,628 821 2,005 1,491 11,158 126 59,707 2,679 5,383 4,896 1,460 607 727 1,311 11,136 1,671 4,431 1,222 271 2,976 381 5,000 43,223 3,486 29,855 573 3,218 717 1,659 4,064 3,425 3,924 3,698 1,021 4,257 2,083 5,464 1,629 39,423 1,908 2,167 1,303 157,357 1,820 419,810 1,981 1,048 511 8,953 4 1,135 390 254 2 127 4,000 4,000 70,000 684 5,000 25,000 20,000 24,946 25,000 54 | 537.2161 537.4000 537.8442 538.4000 538.6000 538.8200 538.9192 539.0000 539.1000 539.2000 539.3000 539.4000 539.4335 539.4600 539.5000 539.6000 539.6400 539.7000 539.8000 539.8424 539.9000 540.0000 540.1000 540.2000 540.3000 540.4000 540.5000 540.6000 540.8000 541.0000 541.8000 542.0000 542.1516 542.2200 542.4600
535.1000 535.2000 535.3000 535.4000 535.5000 535.6000 535.7000 535.8000 535.9000 536.0000 536.1000 536.2000 536.3000 536.4000 536.5000 536.6000 536.7000 536.8000 536.9000 537.0000 537.1000 537.1800 537.2000 537.3000 537.3600 537.4000 537.5000 537.6000 537.7000 537.8000 537.9000 538.0000 538.1000 538.2000 538.3000 538.4000 538.5000 538.6000 538.7000 538.8000 538.9000 539.0000 539.1000 539.2000 539.3000 539.4000 539.5000 539.5200 539.6000 539.7000 539.8000 539.8424 539.9050 540.0000 540.2000 540.3000 540.4000 540.5000 541.0000 541.8300 542.0000 542.1600 542.3800 542.6000 543.0000 543.6000 543.8000 544.0000 |
(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 Swap Swap Swap Swap Swap Swap | Increasing a long position Increasing a long position Increasing a long position Increasing a long position Increasing a long position Increasing a long position Reducing a long position | 1,983 6,133 3,223 9,942 12,850 18,206 496 | 539.4600 539.4600 539.4600 539.4600 539.4600 539.4600 539.4323 |
· 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 |
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(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: | 24th 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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