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FORM 8.3 |
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PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY |
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A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR |
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MORE |
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Rule 8.3 of the Takeover Code (the "Code") |
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1. |
KEY INFORMATION |
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(a) |
Full name of discloser: |
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Barclays PLC. |
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(b) |
Owner or controller of interest and short |
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positions disclosed, if different from 1(a): |
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(c) |
Name of offeror/offeree in relation to whose |
AVIVA PLC |
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relevant securities this form relates: |
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(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: |
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(e) |
Date position held/dealing undertaken: |
10 Mar 2025 |
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(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 |
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(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 |
(%) |
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(1) |
Relevant securities owned |
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and/or controlled: |
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21,513,151 |
0.80% |
15,438,791 |
0.58% |
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(2) |
Cash-settled derivatives: |
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and/or controlled: |
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11,528,283 |
0.43% |
14,872,389 |
0.56% |
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(3) |
Stock-settled derivatives (including options) |
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and agreements to purchase/sell: |
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0 |
0.00% |
225,420 |
0.01% |
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TOTAL: |
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33,041,434 |
1.23% |
30,536,600 |
1.14% |
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(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 |
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(a) |
Purchases and sales |
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Class of relevant |
Purchase/sale |
Number of |
Price per unit |
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security |
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securities |
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32 17/19p ordinary |
Purchase |
6,555,489 |
5.3760 GBP |
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|
32 17/19p ordinary |
Purchase |
517,186 |
5.3504 GBP |
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32 17/19p ordinary |
Purchase |
199,713 |
5.3520 GBP |
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32 17/19p ordinary |
Purchase |
144,510 |
5.3731 GBP |
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|
32 17/19p ordinary |
Purchase |
142,789 |
5.3584 GBP |
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32 17/19p ordinary |
Purchase |
109,117 |
5.3572 GBP |
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32 17/19p ordinary |
Purchase |
106,453 |
5.3506 GBP |
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|
32 17/19p ordinary |
Purchase |
69,285 |
5.3500 GBP |
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|
32 17/19p ordinary |
Purchase |
47,347 |
5.3719 GBP |
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|
32 17/19p ordinary |
Purchase |
39,543 |
5.3659 GBP |
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|
32 17/19p ordinary |
Purchase |
39,531 |
5.3733 GBP |
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32 17/19p ordinary |
Purchase |
38,170 |
5.3710 GBP |
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|
32 17/19p ordinary |
Purchase |
32,841 |
5.3596 GBP |
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|
32 17/19p ordinary |
Purchase |
31,417 |
5.3635 GBP |
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|
32 17/19p ordinary |
Purchase |
28,836 |
5.3575 GBP |
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|
32 17/19p ordinary |
Purchase |
23,162 |
5.3684 GBP |
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|
32 17/19p ordinary |
Purchase |
21,631 |
5.3508 GBP |
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|
32 17/19p ordinary |
Purchase |
20,325 |
5.3681 GBP |
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|
32 17/19p ordinary |
Purchase |
14,836 |
5.3620 GBP |
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|
32 17/19p ordinary |
Purchase |
13,488 |
5.3772 GBP |
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|
32 17/19p ordinary |
Purchase |
13,431 |
5.3519 GBP |
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|
32 17/19p ordinary |
Purchase |
13,152 |
5.3678 GBP |
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|
32 17/19p ordinary |
Purchase |
12,956 |
5.3712 GBP |
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|
32 17/19p ordinary |
Purchase |
12,200 |
5.3599 GBP |
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|
32 17/19p ordinary |
Purchase |
11,428 |
5.3534 GBP |
||||
|
32 17/19p ordinary |
Purchase |
10,727 |
5.3656 GBP |
||||
|
32 17/19p ordinary |
Purchase |
10,289 |
5.3631 GBP |
||||
|
32 17/19p ordinary |
Purchase |
10,047 |
5.3720 GBP |
||||
|
32 17/19p ordinary |
Purchase |
9,217 |
5.3740 GBP |
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|
32 17/19p ordinary |
Purchase |
8,289 |
5.3700 GBP |
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|
32 17/19p ordinary |
Purchase |
7,982 |
5.3682 GBP |
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|
32 17/19p ordinary |
Purchase |
7,591 |
5.3746 GBP |
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|
32 17/19p ordinary |
Purchase |
7,061 |
5.3637 GBP |
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|
32 17/19p ordinary |
Purchase |
7,007 |
5.3717 GBP |
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|
32 17/19p ordinary |
Purchase |
6,643 |
5.3553 GBP |
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|
32 17/19p ordinary |
Purchase |
6,593 |
5.3706 GBP |
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|
32 17/19p ordinary |
Purchase |
6,520 |
5.3664 GBP |
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|
32 17/19p ordinary |
Purchase |
5,966 |
5.3523 GBP |
||||
|
32 17/19p ordinary |
Purchase |
5,882 |
5.3612 GBP |
||||
|
32 17/19p ordinary |
Purchase |
5,823 |
5.3589 GBP |
||||
|
32 17/19p ordinary |
Purchase |
5,463 |
5.3642 GBP |
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|
32 17/19p ordinary |
Purchase |
5,349 |
5.3550 GBP |
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|
32 17/19p ordinary |
Purchase |
5,124 |
5.3617 GBP |
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|
32 17/19p ordinary |
Purchase |
4,122 |
5.3667 GBP |
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|
32 17/19p ordinary |
Purchase |
2,884 |
5.3634 GBP |
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|
32 17/19p ordinary |
Purchase |
2,696 |
5.3586 GBP |
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|
32 17/19p ordinary |
Purchase |
2,491 |
5.3716 GBP |
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|
32 17/19p ordinary |
Purchase |
2,411 |
5.3711 GBP |
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|
32 17/19p ordinary |
Purchase |
1,886 |
5.3750 GBP |
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|
32 17/19p ordinary |
Purchase |
1,819 |
5.3723 GBP |
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|
32 17/19p ordinary |
Purchase |
1,728 |
5.3714 GBP |
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|
32 17/19p ordinary |
Purchase |
937 |
5.3548 GBP |
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|
32 17/19p ordinary |
Purchase |
391 |
5.3507 GBP |
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|
32 17/19p ordinary |
Purchase |
286 |
5.3570 GBP |
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|
32 17/19p ordinary |
Purchase |
133 |
5.3541 GBP |
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32 17/19p ordinary |
Sale |
587,557 |
5.3640 GBP |
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|
32 17/19p ordinary |
Sale |
282,360 |
5.3639 GBP |
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|
32 17/19p ordinary |
Sale |
271,926 |
5.3653 GBP |
||||
|
32 17/19p ordinary |
Sale |
160,687 |
5.3500 GBP |
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|
32 17/19p ordinary |
Sale |
144,926 |
5.3528 GBP |
||||
|
32 17/19p ordinary |
Sale |
143,350 |
5.3758 GBP |
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|
32 17/19p ordinary |
Sale |
143,350 |
5.3693 GBP |
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|
32 17/19p ordinary |
Sale |
129,144 |
5.3633 GBP |
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|
32 17/19p ordinary |
Sale |
107,110 |
5.3723 GBP |
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|
32 17/19p ordinary |
Sale |
101,291 |
5.3489 GBP |
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|
32 17/19p ordinary |
Sale |
100,000 |
5.3750 GBP |
||||
|
32 17/19p ordinary |
Sale |
93,908 |
5.3497 GBP |
||||
|
32 17/19p ordinary |
Sale |
92,507 |
5.3613 GBP |
||||
|
32 17/19p ordinary |
Sale |
91,397 |
5.3628 GBP |
||||
|
32 17/19p ordinary |
Sale |
76,677 |
5.3599 GBP |
||||
|
32 17/19p ordinary |
Sale |
66,413 |
5.3499 GBP |
||||
|
32 17/19p ordinary |
Sale |
57,499 |
5.3631 GBP |
||||
|
32 17/19p ordinary |
Sale |
47,669 |
5.3510 GBP |
||||
|
32 17/19p ordinary |
Sale |
41,730 |
5.3661 GBP |
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|
32 17/19p ordinary |
Sale |
38,170 |
5.3710 GBP |
||||
|
32 17/19p ordinary |
Sale |
35,483 |
5.3610 GBP |
||||
|
32 17/19p ordinary |
Sale |
34,824 |
5.3686 GBP |
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|
32 17/19p ordinary |
Sale |
33,525 |
5.3636 GBP |
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|
32 17/19p ordinary |
Sale |
31,681 |
5.3626 GBP |
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|
32 17/19p ordinary |
Sale |
28,060 |
5.3654 GBP |
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|
32 17/19p ordinary |
Sale |
19,247 |
5.3720 GBP |
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|
32 17/19p ordinary |
Sale |
10,324 |
5.3711 GBP |
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|
32 17/19p ordinary |
Sale |
9,774 |
5.3612 GBP |
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|
32 17/19p ordinary |
Sale |
9,217 |
5.3740 GBP |
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|
32 17/19p ordinary |
Sale |
8,155 |
5.3676 GBP |
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|
32 17/19p ordinary |
Sale |
7,779 |
5.3615 GBP |
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|
32 17/19p ordinary |
Sale |
6,499 |
5.3616 GBP |
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|
32 17/19p ordinary |
Sale |
5,578 |
5.3668 GBP |
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|
32 17/19p ordinary |
Sale |
5,440 |
5.3700 GBP |
||||
|
32 17/19p ordinary |
Sale |
5,158 |
5.3674 GBP |
||||
|
32 17/19p ordinary |
Sale |
4,903 |
5.3680 GBP |
||||
|
32 17/19p ordinary |
Sale |
4,808 |
5.3580 GBP |
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|
32 17/19p ordinary |
Sale |
3,476 |
5.3713 GBP |
||||
|
32 17/19p ordinary |
Sale |
2,623 |
5.3681 GBP |
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|
32 17/19p ordinary |
Sale |
1,816 |
5.3622 GBP |
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|
32 17/19p ordinary |
Sale |
1,564 |
5.3677 GBP |
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|
32 17/19p ordinary |
Sale |
1,274 |
5.3690 GBP |
||||
|
32 17/19p ordinary |
Sale |
1,100 |
5.3670 GBP |
||||
|
32 17/19p ordinary |
Sale |
1,094 |
5.3617 GBP |
||||
|
32 17/19p ordinary |
Sale |
836 |
5.3760 GBP |
||||
|
32 17/19p ordinary |
Sale |
716 |
5.3643 GBP |
||||
|
32 17/19p ordinary |
Sale |
638 |
5.3673 GBP |
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|
32 17/19p ordinary |
Sale |
366 |
5.3600 GBP |
||||
|
32 17/19p ordinary |
Sale |
280 |
5.3568 GBP |
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(b) |
Cash-settled derivative transactions |
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Class of |
Product |
Nature of dealing |
Number of |
Price per |
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relevant |
description |
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reference |
unit |
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security |
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|
securities |
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32 17/19p ordinary |
SWAP |
Decreasing Short |
101,291 |
5.3489 GBP |
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32 17/19p ordinary |
SWAP |
Decreasing Short |
93,908 |
5.3497 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Short |
66,413 |
5.3499 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Short |
120,930 |
5.3500 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Short |
6,352 |
5.3577 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Short |
4,808 |
5.3580 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Short |
58,300 |
5.3591 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Short |
16,308 |
5.3600 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Short |
23,103 |
5.3613 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Short |
7,779 |
5.3615 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Short |
6,499 |
5.3616 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Short |
15,849 |
5.3617 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Short |
12,226 |
5.3618 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Short |
60,205 |
5.3622 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Short |
31,681 |
5.3626 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Short |
775 |
5.3629 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Short |
66,160 |
5.3633 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Short |
6,151 |
5.3634 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Short |
90,482 |
5.3635 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Short |
378 |
5.3636 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Short |
1,990 |
5.3638 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Short |
282,360 |
5.3639 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Short |
587,557 |
5.3640 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Short |
716 |
5.3643 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Short |
271,926 |
5.3653 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Short |
5,578 |
5.3668 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Short |
638 |
5.3673 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Short |
2,623 |
5.3681 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Short |
143,350 |
5.3693 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Short |
1,925 |
5.3708 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Short |
778 |
5.3740 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Short |
143,350 |
5.3758 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Short |
11,425 |
5.3500 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Short |
99,016 |
5.3501 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Short |
102,970 |
5.3502 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Short |
363,826 |
5.3504 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Short |
391 |
5.3507 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Short |
21,631 |
5.3508 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Short |
13,431 |
5.3519 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Short |
5,966 |
5.3523 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Short |
8,775 |
5.3532 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Short |
11,428 |
5.3534 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Short |
937 |
5.3548 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Short |
5,349 |
5.3550 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Short |
6,643 |
5.3553 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Short |
1,199 |
5.3564 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Short |
13,306 |
5.3570 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Short |
109,117 |
5.3572 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Short |
2,696 |
5.3586 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Short |
5,823 |
5.3589 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Short |
3,484 |
5.3597 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Short |
5,882 |
5.3612 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Short |
8,220 |
5.3619 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Short |
9,794 |
5.3620 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Short |
1,866 |
5.3622 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Short |
16,783 |
5.3624 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Short |
10,289 |
5.3631 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Short |
31,417 |
5.3635 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Short |
5,463 |
5.3642 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Short |
9,193 |
5.3651 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Short |
39,543 |
5.3659 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Short |
6,520 |
5.3664 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Short |
13,152 |
5.3678 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Short |
7,982 |
5.3682 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Short |
9,496 |
5.3684 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Short |
6,593 |
5.3706 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Short |
24,298 |
5.3719 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Short |
1,819 |
5.3723 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Short |
38,803 |
5.3733 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Short |
7,591 |
5.3746 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Short |
215,739 |
5.3760 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Short |
13,488 |
5.3772 GBP |
|||
|
32 17/19p ordinary |
CFD |
Increasing Long |
2,804 |
5.3496 GBP |
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|
32 17/19p ordinary |
CFD |
Increasing Long |
3,302 |
5.3580 GBP |
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|
32 17/19p ordinary |
CFD |
Increasing Long |
96,623 |
5.3678 GBP |
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|
32 17/19p ordinary |
CFD |
Decreasing Long |
2,804 |
5.3763 GBP |
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32 17/19p ordinary |
CFD |
Decreasing Long |
570 |
5.3823 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 |
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of |
description |
purchasing, |
of |
price |
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date |
money |
|
relevant |
|
selling, |
securities |
per unit |
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paid/ |
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security |
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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 |
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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 |
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security |
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applicable) |
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4. |
OTHER INFORMATION |
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(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 |
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(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 |
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(c) |
Attachments |
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Is a Supplemental Form 8 (Open Positions) attached? |
YES |
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Date of disclosure: |
11 Mar 2025 |
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Contact name: |
Large Holdings Regulatory Operations |
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Telephone number: |
020 3134 7213 |
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DETAILS OF OPEN OPTION AND DERIVATIVE POSITIONS, AGREEMENTS TO |
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PURCHASE OR SELL ETC. |
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Note 5(i) on Rule 8 of the Takeover Code (the "Code") |
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1. |
KEY INFORMATION |
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Identity of the person whose positions/dealings |
Barclays PLC. |
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are being disclosed: |
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Name of offeror/offeree in relation to whose |
AVIVA PLC |
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relevant securities this from relates: |
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2. |
OPTIONS AND DERIVATIVES |
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|
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 |
-120,823 |
5.3305 |
European |
06 Jun 2025 |
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|
32 17/19p ordinary |
Call Options |
Written |
-104,597 |
5.3176 |
European |
05 Jun 2025 |
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3. |
AGREEMENTS TO PURCHASE OR SELL ETC. |
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Full details should be given so that the nature of the interest or position can be fully understood: |
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