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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: |
19 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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8,089,421 |
0.30% |
15,564,208 |
0.58% |
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(2) |
Cash-settled derivatives: |
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and/or controlled: |
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14,893,417 |
0.56% |
7,303,667 |
0.27% |
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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% |
225,364 |
0.01% |
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TOTAL: |
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22,982,838 |
0.86% |
23,093,239 |
0.86% |
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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 |
340,051 |
5.8740 GBP |
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32 17/19p ordinary |
Purchase |
330,259 |
5.9180 GBP |
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32 17/19p ordinary |
Purchase |
273,495 |
5.8788 GBP |
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32 17/19p ordinary |
Purchase |
256,257 |
5.8657 GBP |
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32 17/19p ordinary |
Purchase |
232,645 |
5.8842 GBP |
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32 17/19p ordinary |
Purchase |
131,765 |
5.8857 GBP |
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32 17/19p ordinary |
Purchase |
74,597 |
5.8909 GBP |
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32 17/19p ordinary |
Purchase |
46,076 |
5.8948 GBP |
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32 17/19p ordinary |
Purchase |
36,427 |
5.8946 GBP |
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32 17/19p ordinary |
Purchase |
35,689 |
5.8969 GBP |
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32 17/19p ordinary |
Purchase |
33,263 |
5.9118 GBP |
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32 17/19p ordinary |
Purchase |
32,127 |
5.8958 GBP |
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32 17/19p ordinary |
Purchase |
29,969 |
5.8950 GBP |
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32 17/19p ordinary |
Purchase |
24,593 |
5.8861 GBP |
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32 17/19p ordinary |
Purchase |
23,773 |
5.8858 GBP |
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32 17/19p ordinary |
Purchase |
19,912 |
5.8884 GBP |
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32 17/19p ordinary |
Purchase |
19,737 |
5.8881 GBP |
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32 17/19p ordinary |
Purchase |
18,292 |
5.8904 GBP |
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32 17/19p ordinary |
Purchase |
18,024 |
5.8849 GBP |
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32 17/19p ordinary |
Purchase |
16,822 |
5.8979 GBP |
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32 17/19p ordinary |
Purchase |
16,459 |
5.8876 GBP |
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32 17/19p ordinary |
Purchase |
16,155 |
5.8894 GBP |
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32 17/19p ordinary |
Purchase |
15,952 |
5.8875 GBP |
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32 17/19p ordinary |
Purchase |
14,865 |
5.8877 GBP |
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ADR |
Purchase |
14,780 |
15.8037 USD |
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32 17/19p ordinary |
Purchase |
11,162 |
5.8818 GBP |
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32 17/19p ordinary |
Purchase |
10,140 |
5.8866 GBP |
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32 17/19p ordinary |
Purchase |
9,691 |
5.8823 GBP |
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32 17/19p ordinary |
Purchase |
9,054 |
5.8953 GBP |
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32 17/19p ordinary |
Purchase |
8,446 |
5.9030 GBP |
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32 17/19p ordinary |
Purchase |
7,904 |
5.9012 GBP |
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32 17/19p ordinary |
Purchase |
7,643 |
5.9005 GBP |
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32 17/19p ordinary |
Purchase |
6,031 |
5.9017 GBP |
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32 17/19p ordinary |
Purchase |
5,848 |
5.8685 GBP |
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32 17/19p ordinary |
Purchase |
5,809 |
5.8923 GBP |
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32 17/19p ordinary |
Purchase |
3,193 |
5.9014 GBP |
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32 17/19p ordinary |
Purchase |
2,798 |
5.8975 GBP |
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32 17/19p ordinary |
Purchase |
2,100 |
5.8815 GBP |
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32 17/19p ordinary |
Purchase |
1,845 |
5.9060 GBP |
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32 17/19p ordinary |
Purchase |
1,751 |
5.8848 GBP |
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|
32 17/19p ordinary |
Purchase |
1,470 |
5.8930 GBP |
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|
32 17/19p ordinary |
Purchase |
1,435 |
5.8931 GBP |
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|
32 17/19p ordinary |
Purchase |
1,020 |
5.8760 GBP |
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|
32 17/19p ordinary |
Purchase |
950 |
5.8908 GBP |
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32 17/19p ordinary |
Purchase |
481 |
5.8870 GBP |
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32 17/19p ordinary |
Purchase |
218 |
5.8920 GBP |
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ADR |
Purchase |
140 |
15.9800 USD |
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32 17/19p ordinary |
Purchase |
122 |
5.8794 GBP |
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32 17/19p ordinary |
Purchase |
87 |
5.9090 GBP |
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32 17/19p ordinary |
Purchase |
29 |
5.9100 GBP |
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32 17/19p ordinary |
Purchase |
19 |
5.8860 GBP |
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32 17/19p ordinary |
Sale |
745,530 |
5.9153 GBP |
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32 17/19p ordinary |
Sale |
575,433 |
5.9179 GBP |
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32 17/19p ordinary |
Sale |
187,738 |
5.8839 GBP |
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32 17/19p ordinary |
Sale |
180,707 |
5.9180 GBP |
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32 17/19p ordinary |
Sale |
170,231 |
5.8877 GBP |
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32 17/19p ordinary |
Sale |
162,086 |
5.8865 GBP |
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32 17/19p ordinary |
Sale |
88,890 |
5.8801 GBP |
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|
32 17/19p ordinary |
Sale |
77,632 |
5.8856 GBP |
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|
32 17/19p ordinary |
Sale |
60,918 |
5.8984 GBP |
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|
32 17/19p ordinary |
Sale |
34,339 |
5.9127 GBP |
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|
32 17/19p ordinary |
Sale |
32,469 |
5.8918 GBP |
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|
32 17/19p ordinary |
Sale |
30,980 |
5.9015 GBP |
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|
32 17/19p ordinary |
Sale |
29,315 |
5.9178 GBP |
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32 17/19p ordinary |
Sale |
20,235 |
5.8779 GBP |
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32 17/19p ordinary |
Sale |
18,503 |
5.8879 GBP |
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32 17/19p ordinary |
Sale |
18,376 |
5.8793 GBP |
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32 17/19p ordinary |
Sale |
18,059 |
5.8823 GBP |
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32 17/19p ordinary |
Sale |
14,890 |
5.9006 GBP |
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ADR |
Sale |
14,780 |
15.8037 USD |
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32 17/19p ordinary |
Sale |
13,577 |
5.8887 GBP |
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32 17/19p ordinary |
Sale |
11,784 |
5.9168 GBP |
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32 17/19p ordinary |
Sale |
9,473 |
5.8817 GBP |
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32 17/19p ordinary |
Sale |
7,981 |
5.8844 GBP |
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|
32 17/19p ordinary |
Sale |
7,524 |
5.9171 GBP |
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32 17/19p ordinary |
Sale |
7,049 |
5.8660 GBP |
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|
32 17/19p ordinary |
Sale |
5,830 |
5.8834 GBP |
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|
32 17/19p ordinary |
Sale |
5,200 |
5.8866 GBP |
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32 17/19p ordinary |
Sale |
4,760 |
5.8835 GBP |
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32 17/19p ordinary |
Sale |
4,244 |
5.9022 GBP |
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32 17/19p ordinary |
Sale |
3,700 |
5.8906 GBP |
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32 17/19p ordinary |
Sale |
3,340 |
5.8780 GBP |
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32 17/19p ordinary |
Sale |
3,279 |
5.8925 GBP |
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|
32 17/19p ordinary |
Sale |
2,280 |
5.9069 GBP |
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|
32 17/19p ordinary |
Sale |
2,226 |
5.8819 GBP |
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|
32 17/19p ordinary |
Sale |
1,948 |
5.9016 GBP |
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|
32 17/19p ordinary |
Sale |
1,907 |
5.8954 GBP |
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|
32 17/19p ordinary |
Sale |
1,435 |
5.8937 GBP |
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|
32 17/19p ordinary |
Sale |
1,433 |
5.8860 GBP |
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|
32 17/19p ordinary |
Sale |
1,152 |
5.8827 GBP |
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|
32 17/19p ordinary |
Sale |
904 |
5.8930 GBP |
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|
32 17/19p ordinary |
Sale |
860 |
5.8799 GBP |
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|
32 17/19p ordinary |
Sale |
811 |
5.8831 GBP |
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|
32 17/19p ordinary |
Sale |
796 |
5.8787 GBP |
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|
32 17/19p ordinary |
Sale |
722 |
5.8900 GBP |
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|
32 17/19p ordinary |
Sale |
470 |
5.9080 GBP |
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|
32 17/19p ordinary |
Sale |
342 |
5.8744 GBP |
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32 17/19p ordinary |
Sale |
342 |
5.8840 GBP |
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32 17/19p ordinary |
Sale |
152 |
5.8778 GBP |
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ADR |
Sale |
140 |
15.9800 USD |
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32 17/19p ordinary |
Sale |
93 |
5.9177 GBP |
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32 17/19p ordinary |
Sale |
7 |
5.8800 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 |
Increasing Long |
32,469 |
5.8918 GBP |
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32 17/19p ordinary |
SWAP |
Decreasing Long |
16,155 |
5.8894 GBP |
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|
32 17/19p ordinary |
SWAP |
Increasing Long |
99,270 |
5.8686 GBP |
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|
32 17/19p ordinary |
SWAP |
Increasing Long |
96,641 |
5.8719 GBP |
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|
32 17/19p ordinary |
SWAP |
Increasing Long |
152 |
5.8778 GBP |
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|
32 17/19p ordinary |
SWAP |
Increasing Long |
20,235 |
5.8779 GBP |
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|
32 17/19p ordinary |
SWAP |
Increasing Long |
9,130 |
5.8793 GBP |
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|
32 17/19p ordinary |
SWAP |
Increasing Long |
88,890 |
5.8801 GBP |
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|
32 17/19p ordinary |
SWAP |
Increasing Long |
1,369 |
5.8808 GBP |
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|
32 17/19p ordinary |
SWAP |
Increasing Long |
2,226 |
5.8819 GBP |
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|
32 17/19p ordinary |
SWAP |
Increasing Long |
11,239 |
5.8826 GBP |
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|
32 17/19p ordinary |
SWAP |
Increasing Long |
1,152 |
5.8827 GBP |
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|
32 17/19p ordinary |
SWAP |
Increasing Long |
77,632 |
5.8856 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
170,231 |
5.8877 GBP |
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|
32 17/19p ordinary |
SWAP |
Increasing Long |
5,700 |
5.8879 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
904 |
5.8930 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
6,981 |
5.8980 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
30,980 |
5.9015 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
1,948 |
5.9016 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
9,634 |
5.9022 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
2,519 |
5.9045 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
2,280 |
5.9069 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
289,867 |
5.9140 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
11,784 |
5.9168 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
7,524 |
5.9171 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
180,609 |
5.9173 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
108,433 |
5.9177 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
29,315 |
5.9178 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
575,433 |
5.9179 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
127,455 |
5.9180 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
256,257 |
5.8657 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
524 |
5.8684 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
66,045 |
5.8713 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
340,051 |
5.8740 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
273,495 |
5.8788 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
3,509 |
5.8853 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
597 |
5.8856 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
7,901 |
5.8866 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
10,041 |
5.8870 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
550 |
5.8872 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
13,519 |
5.8875 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
5,868 |
5.8887 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
218 |
5.8920 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
36,427 |
5.8946 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
46,076 |
5.8948 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
20,214 |
5.8956 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
35,689 |
5.8969 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
8,667 |
5.8992 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
69 |
5.9144 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
185 |
5.9148 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
276,888 |
5.9180 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
1,500 |
5.8897 GBP |
|||
|
32 17/19p ordinary |
CFD |
Increasing Long |
7,049 |
5.8659 GBP |
|||
|
32 17/19p ordinary |
CFD |
Increasing Long |
4,229 |
5.8733 GBP |
|||
|
32 17/19p ordinary |
CFD |
Increasing Long |
19,694 |
5.8838 GBP |
|||
|
32 17/19p ordinary |
CFD |
Increasing Long |
4,146 |
5.8856 GBP |
|||
|
32 17/19p ordinary |
CFD |
Increasing Long |
46,972 |
5.9174 GBP |
|||
|
32 17/19p ordinary |
CFD |
Increasing Long |
3,033 |
5.9175 GBP |
|||
|
32 17/19p ordinary |
CFD |
Decreasing Long |
7,877 |
5.8824 GBP |
|||
|
32 17/19p ordinary |
CFD |
Decreasing Long |
64,383 |
5.8934 GBP |
|||
|
32 17/19p ordinary |
CFD |
Decreasing Long |
17,504 |
5.9034 GBP |
|||
|
|
|
|
|
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(c) |
Stock-settled derivative transactions (including options) |
|
|||||
|
(i) |
Writing, selling, purchasing or varying |
|
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|
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 |
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|
received |
|
|
|
|
option |
|
|
|
per unit |
|
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|
|
relates |
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(ii) |
Exercising |
|
|
|
|
|
|
|
Class of relevant |
Product description |
Exercising/ exercised against |
Number of |
Exercise price per |
|||
|
security |
|
|
securities |
unit |
|||
|
|
|
|
|
|
|||
|
|
|
|
|
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|
|
|
(d) |
Other dealings (including subscribing for new securities) |
|
|||||
|
Class of relevant |
Nature of Dealings |
Details |
Price per unit (if |
||||
|
security |
|
|
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: |
20 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 |
-120,786 |
5.3305 |
European |
06-Jun-2026 |
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32 17/19p ordinary |
Call Options |
Written |
-104,578 |
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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