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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: |
15 May 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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9,932,512 |
0.37% |
14,718,187 |
0.55% |
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(2) |
Cash-settled derivatives: |
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and/or controlled: |
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13,969,887 |
0.52% |
9,140,855 |
0.34% |
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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% |
225,367 |
0.01% |
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TOTAL: |
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23,902,399 |
0.89% |
24,084,409 |
0.90% |
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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 |
3,032,777 |
5.8560 GBP |
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32 17/19p ordinary |
Purchase |
499,377 |
5.8561 GBP |
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32 17/19p ordinary |
Purchase |
437,592 |
5.7853 GBP |
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32 17/19p ordinary |
Purchase |
357,439 |
5.8701 GBP |
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32 17/19p ordinary |
Purchase |
163,510 |
5.8110 GBP |
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32 17/19p ordinary |
Purchase |
73,159 |
5.8329 GBP |
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32 17/19p ordinary |
Purchase |
56,543 |
5.8304 GBP |
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32 17/19p ordinary |
Purchase |
49,675 |
5.8690 GBP |
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32 17/19p ordinary |
Purchase |
43,300 |
5.7222 GBP |
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32 17/19p ordinary |
Purchase |
33,873 |
5.9043 GBP |
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32 17/19p ordinary |
Purchase |
33,124 |
5.6961 GBP |
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32 17/19p ordinary |
Purchase |
20,698 |
5.8183 GBP |
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32 17/19p ordinary |
Purchase |
15,511 |
5.7536 GBP |
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32 17/19p ordinary |
Purchase |
12,770 |
5.8827 GBP |
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32 17/19p ordinary |
Purchase |
11,933 |
5.8548 GBP |
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32 17/19p ordinary |
Purchase |
10,175 |
5.8822 GBP |
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32 17/19p ordinary |
Purchase |
8,600 |
5.9000 GBP |
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32 17/19p ordinary |
Purchase |
7,806 |
5.8832 GBP |
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32 17/19p ordinary |
Purchase |
6,203 |
5.8012 GBP |
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32 17/19p ordinary |
Purchase |
5,202 |
5.8685 GBP |
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32 17/19p ordinary |
Purchase |
4,709 |
5.8005 GBP |
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32 17/19p ordinary |
Purchase |
4,235 |
5.8455 GBP |
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32 17/19p ordinary |
Purchase |
4,081 |
5.8835 GBP |
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32 17/19p ordinary |
Purchase |
3,547 |
5.8769 GBP |
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32 17/19p ordinary |
Purchase |
3,513 |
5.8604 GBP |
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32 17/19p ordinary |
Purchase |
3,497 |
5.8153 GBP |
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32 17/19p ordinary |
Purchase |
2,915 |
5.7200 GBP |
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32 17/19p ordinary |
Purchase |
2,000 |
5.6820 GBP |
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32 17/19p ordinary |
Purchase |
1,766 |
5.8600 GBP |
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32 17/19p ordinary |
Purchase |
1,693 |
5.8864 GBP |
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ADR |
Purchase |
1,640 |
15.9110 USD |
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32 17/19p ordinary |
Purchase |
1,469 |
5.8554 GBP |
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32 17/19p ordinary |
Purchase |
1,323 |
5.8940 GBP |
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32 17/19p ordinary |
Purchase |
1,313 |
5.8872 GBP |
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32 17/19p ordinary |
Purchase |
1,169 |
5.8909 GBP |
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32 17/19p ordinary |
Purchase |
1,101 |
5.7300 GBP |
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32 17/19p ordinary |
Purchase |
1,049 |
5.8780 GBP |
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32 17/19p ordinary |
Purchase |
984 |
5.8900 GBP |
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32 17/19p ordinary |
Purchase |
957 |
5.7100 GBP |
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32 17/19p ordinary |
Purchase |
954 |
5.8394 GBP |
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32 17/19p ordinary |
Purchase |
858 |
5.8620 GBP |
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|
32 17/19p ordinary |
Purchase |
721 |
5.8480 GBP |
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|
32 17/19p ordinary |
Purchase |
656 |
5.8760 GBP |
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32 17/19p ordinary |
Purchase |
574 |
5.8880 GBP |
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|
32 17/19p ordinary |
Purchase |
506 |
5.8460 GBP |
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|
32 17/19p ordinary |
Purchase |
467 |
5.7070 GBP |
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|
32 17/19p ordinary |
Purchase |
438 |
5.8931 GBP |
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32 17/19p ordinary |
Purchase |
428 |
5.9050 GBP |
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32 17/19p ordinary |
Purchase |
392 |
5.8520 GBP |
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|
32 17/19p ordinary |
Purchase |
388 |
5.8500 GBP |
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32 17/19p ordinary |
Purchase |
290 |
5.8514 GBP |
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|
32 17/19p ordinary |
Purchase |
288 |
5.8550 GBP |
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|
32 17/19p ordinary |
Purchase |
169 |
5.8680 GBP |
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32 17/19p ordinary |
Purchase |
17 |
5.9080 GBP |
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32 17/19p ordinary |
Purchase |
9 |
5.6840 GBP |
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32 17/19p ordinary |
Sale |
910,875 |
5.8548 GBP |
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32 17/19p ordinary |
Sale |
771,010 |
5.8560 GBP |
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32 17/19p ordinary |
Sale |
491,517 |
5.8424 GBP |
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32 17/19p ordinary |
Sale |
334,529 |
5.8475 GBP |
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|
32 17/19p ordinary |
Sale |
283,755 |
5.8511 GBP |
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|
32 17/19p ordinary |
Sale |
273,753 |
5.8790 GBP |
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|
32 17/19p ordinary |
Sale |
270,524 |
5.8799 GBP |
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|
32 17/19p ordinary |
Sale |
216,997 |
5.7348 GBP |
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|
32 17/19p ordinary |
Sale |
145,160 |
5.8720 GBP |
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|
32 17/19p ordinary |
Sale |
143,350 |
5.7171 GBP |
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|
32 17/19p ordinary |
Sale |
102,312 |
5.8699 GBP |
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|
32 17/19p ordinary |
Sale |
90,451 |
5.8778 GBP |
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|
32 17/19p ordinary |
Sale |
56,951 |
5.8837 GBP |
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|
32 17/19p ordinary |
Sale |
48,732 |
5.8569 GBP |
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|
32 17/19p ordinary |
Sale |
46,947 |
5.8705 GBP |
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|
32 17/19p ordinary |
Sale |
46,211 |
5.8162 GBP |
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|
32 17/19p ordinary |
Sale |
41,516 |
5.8631 GBP |
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|
32 17/19p ordinary |
Sale |
32,994 |
5.6968 GBP |
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32 17/19p ordinary |
Sale |
25,000 |
5.8831 GBP |
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32 17/19p ordinary |
Sale |
24,747 |
5.8947 GBP |
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|
32 17/19p ordinary |
Sale |
23,625 |
5.8546 GBP |
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|
32 17/19p ordinary |
Sale |
22,641 |
5.8497 GBP |
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|
32 17/19p ordinary |
Sale |
20,271 |
5.8554 GBP |
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|
32 17/19p ordinary |
Sale |
19,900 |
5.8890 GBP |
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|
32 17/19p ordinary |
Sale |
19,241 |
5.8822 GBP |
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|
32 17/19p ordinary |
Sale |
16,375 |
5.8707 GBP |
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|
32 17/19p ordinary |
Sale |
15,240 |
5.8572 GBP |
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|
32 17/19p ordinary |
Sale |
14,889 |
5.8887 GBP |
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|
32 17/19p ordinary |
Sale |
10,617 |
5.8870 GBP |
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|
32 17/19p ordinary |
Sale |
7,302 |
5.8551 GBP |
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|
32 17/19p ordinary |
Sale |
6,864 |
5.8860 GBP |
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|
32 17/19p ordinary |
Sale |
4,730 |
5.8945 GBP |
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|
32 17/19p ordinary |
Sale |
3,844 |
5.9002 GBP |
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|
32 17/19p ordinary |
Sale |
3,745 |
5.7265 GBP |
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|
32 17/19p ordinary |
Sale |
3,620 |
5.8868 GBP |
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|
32 17/19p ordinary |
Sale |
3,382 |
5.7182 GBP |
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|
32 17/19p ordinary |
Sale |
3,307 |
5.7302 GBP |
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|
32 17/19p ordinary |
Sale |
2,102 |
5.7336 GBP |
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|
32 17/19p ordinary |
Sale |
1,852 |
5.8917 GBP |
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|
ADR |
Sale |
1,640 |
15.9110 USD |
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32 17/19p ordinary |
Sale |
1,287 |
5.8600 GBP |
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32 17/19p ordinary |
Sale |
1,278 |
5.8741 GBP |
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|
32 17/19p ordinary |
Sale |
1,171 |
5.8620 GBP |
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|
32 17/19p ordinary |
Sale |
1,101 |
5.7300 GBP |
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|
32 17/19p ordinary |
Sale |
1,049 |
5.8780 GBP |
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|
32 17/19p ordinary |
Sale |
984 |
5.8900 GBP |
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|
32 17/19p ordinary |
Sale |
763 |
5.8940 GBP |
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|
32 17/19p ordinary |
Sale |
721 |
5.8480 GBP |
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|
32 17/19p ordinary |
Sale |
686 |
5.8861 GBP |
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|
32 17/19p ordinary |
Sale |
656 |
5.8760 GBP |
||||
|
32 17/19p ordinary |
Sale |
590 |
5.9070 GBP |
||||
|
32 17/19p ordinary |
Sale |
506 |
5.8460 GBP |
||||
|
32 17/19p ordinary |
Sale |
469 |
5.7085 GBP |
||||
|
32 17/19p ordinary |
Sale |
428 |
5.9050 GBP |
||||
|
32 17/19p ordinary |
Sale |
388 |
5.8500 GBP |
||||
|
32 17/19p ordinary |
Sale |
290 |
5.8520 GBP |
||||
|
32 17/19p ordinary |
Sale |
190 |
5.8669 GBP |
||||
|
32 17/19p ordinary |
Sale |
122 |
5.8571 GBP |
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|
32 17/19p ordinary |
Sale |
95 |
5.7119 GBP |
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|
32 17/19p ordinary |
Sale |
17 |
5.9080 GBP |
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|
32 17/19p ordinary |
Sale |
9 |
5.6840 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 Long |
32,311 |
5.7623 GBP |
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32 17/19p ordinary |
SWAP |
Increasing Long |
1,663 |
5.6923 GBP |
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|
32 17/19p ordinary |
SWAP |
Increasing Long |
143,350 |
5.7171 GBP |
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|
32 17/19p ordinary |
SWAP |
Increasing Long |
3,307 |
5.7302 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
44,230 |
5.8154 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
6,483 |
5.8415 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
491,517 |
5.8424 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
17,421 |
5.8446 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
334,529 |
5.8475 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
706 |
5.8548 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
293,009 |
5.8551 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
20,271 |
5.8554 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
343,200 |
5.8560 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
109,481 |
5.8561 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
41,516 |
5.8631 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
46,947 |
5.8705 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
145,160 |
5.8720 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
120,526 |
5.8729 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
90,451 |
5.8778 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
72,866 |
5.8797 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
114,706 |
5.8798 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
270,524 |
5.8799 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
28,650 |
5.8821 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
117,047 |
5.8834 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
36,180 |
5.8851 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
19,900 |
5.8890 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
957 |
5.7100 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
43,300 |
5.7222 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
17,434 |
5.7804 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
437,592 |
5.7853 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
7,299 |
5.8101 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
163,510 |
5.8110 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
8,214 |
5.8111 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
1,059 |
5.8146 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
11,636 |
5.8182 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
56,543 |
5.8304 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
4,235 |
5.8455 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
102 |
5.8520 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Opening Short |
2,664,822 |
5.8560 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Short |
20,540 |
5.8562 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Short |
33 |
5.8567 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Short |
901 |
5.8569 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Short |
11,110 |
5.8571 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Short |
35,846 |
5.8577 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Short |
85 |
5.8611 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Short |
49,675 |
5.8689 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
284 |
5.6990 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
18,600 |
5.8560 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
2,300 |
5.8679 GBP |
|||
|
32 17/19p ordinary |
CFD |
Increasing Long |
136 |
5.7127 GBP |
|||
|
32 17/19p ordinary |
CFD |
Increasing Long |
8,844 |
5.7195 GBP |
|||
|
32 17/19p ordinary |
CFD |
Increasing Long |
31,509 |
5.8265 GBP |
|||
|
32 17/19p ordinary |
CFD |
Increasing Long |
2,596 |
5.8331 GBP |
|||
|
32 17/19p ordinary |
CFD |
Increasing Long |
84,406 |
5.8782 GBP |
|||
|
32 17/19p ordinary |
CFD |
Decreasing Long |
697 |
5.8525 GBP |
|||
|
32 17/19p ordinary |
CFD |
Decreasing Long |
10,520 |
5.8552 GBP |
|||
|
32 17/19p ordinary |
CFD |
Decreasing Long |
3,161 |
5.8564 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 |
|
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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: |
16 May 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 |
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32 17/19p ordinary |
Call Options |
Written |
-120,791 |
5.3305 |
European |
06-Jun-2026 |
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32 17/19p ordinary |
Call Options |
Written |
-104,576 |
5.3176 |
European |
05-Jun-2026 |
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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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