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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: |
28 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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6,277,141 |
0.23% |
18,107,298 |
0.68% |
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(2) |
Cash-settled derivatives: |
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and/or controlled: |
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16,748,029 |
0.63% |
5,343,064 |
0.20% |
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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% |
225,368 |
0.01% |
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TOTAL: |
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23,025,170 |
0.86% |
23,675,730 |
0.88% |
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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 |
|
securities |
|
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|
32 17/19p ordinary |
Purchase |
430,205 |
6.1560 GBP |
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32 17/19p ordinary |
Purchase |
356,782 |
6.1940 GBP |
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32 17/19p ordinary |
Purchase |
353,257 |
6.1077 GBP |
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32 17/19p ordinary |
Purchase |
311,791 |
6.1000 GBP |
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32 17/19p ordinary |
Purchase |
181,173 |
6.1316 GBP |
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32 17/19p ordinary |
Purchase |
73,386 |
6.1744 GBP |
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|
32 17/19p ordinary |
Purchase |
62,419 |
6.1312 GBP |
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|
32 17/19p ordinary |
Purchase |
60,683 |
6.1148 GBP |
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|
32 17/19p ordinary |
Purchase |
54,719 |
6.1464 GBP |
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|
32 17/19p ordinary |
Purchase |
51,002 |
6.1383 GBP |
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|
32 17/19p ordinary |
Purchase |
44,694 |
6.1082 GBP |
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32 17/19p ordinary |
Purchase |
40,077 |
6.1012 GBP |
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|
32 17/19p ordinary |
Purchase |
32,137 |
6.1414 GBP |
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32 17/19p ordinary |
Purchase |
32,110 |
6.1106 GBP |
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32 17/19p ordinary |
Purchase |
31,144 |
6.1946 GBP |
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32 17/19p ordinary |
Purchase |
29,653 |
6.1711 GBP |
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32 17/19p ordinary |
Purchase |
26,100 |
6.1967 GBP |
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32 17/19p ordinary |
Purchase |
24,196 |
6.1230 GBP |
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32 17/19p ordinary |
Purchase |
16,553 |
6.1861 GBP |
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32 17/19p ordinary |
Purchase |
16,442 |
6.1411 GBP |
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32 17/19p ordinary |
Purchase |
14,468 |
6.1107 GBP |
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32 17/19p ordinary |
Purchase |
12,568 |
6.1468 GBP |
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32 17/19p ordinary |
Purchase |
9,886 |
6.1393 GBP |
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32 17/19p ordinary |
Purchase |
9,806 |
6.1336 GBP |
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32 17/19p ordinary |
Purchase |
8,393 |
6.1466 GBP |
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|
32 17/19p ordinary |
Purchase |
7,425 |
6.1061 GBP |
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|
32 17/19p ordinary |
Purchase |
7,397 |
6.1049 GBP |
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32 17/19p ordinary |
Purchase |
7,278 |
6.1788 GBP |
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32 17/19p ordinary |
Purchase |
4,482 |
6.1385 GBP |
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32 17/19p ordinary |
Purchase |
3,217 |
6.1389 GBP |
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ADR |
Purchase |
3,200 |
16.6075 USD |
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32 17/19p ordinary |
Purchase |
3,119 |
6.1510 GBP |
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32 17/19p ordinary |
Purchase |
2,963 |
6.1353 GBP |
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32 17/19p ordinary |
Purchase |
2,744 |
6.1072 GBP |
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32 17/19p ordinary |
Purchase |
2,691 |
6.1401 GBP |
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32 17/19p ordinary |
Purchase |
2,220 |
6.1360 GBP |
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32 17/19p ordinary |
Purchase |
2,215 |
6.1309 GBP |
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32 17/19p ordinary |
Purchase |
2,177 |
6.1428 GBP |
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|
32 17/19p ordinary |
Purchase |
2,120 |
6.1394 GBP |
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|
32 17/19p ordinary |
Purchase |
1,952 |
6.1460 GBP |
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|
32 17/19p ordinary |
Purchase |
1,866 |
6.1299 GBP |
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|
32 17/19p ordinary |
Purchase |
1,611 |
6.1474 GBP |
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32 17/19p ordinary |
Purchase |
1,585 |
6.1160 GBP |
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32 17/19p ordinary |
Purchase |
1,540 |
6.1080 GBP |
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32 17/19p ordinary |
Purchase |
1,458 |
6.1283 GBP |
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|
32 17/19p ordinary |
Purchase |
1,363 |
6.1328 GBP |
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|
32 17/19p ordinary |
Purchase |
965 |
6.1349 GBP |
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32 17/19p ordinary |
Purchase |
893 |
6.1396 GBP |
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|
32 17/19p ordinary |
Purchase |
777 |
6.1060 GBP |
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32 17/19p ordinary |
Purchase |
747 |
6.1140 GBP |
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32 17/19p ordinary |
Purchase |
693 |
6.1477 GBP |
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32 17/19p ordinary |
Purchase |
630 |
6.1413 GBP |
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32 17/19p ordinary |
Purchase |
553 |
6.1210 GBP |
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|
32 17/19p ordinary |
Purchase |
525 |
6.1175 GBP |
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|
32 17/19p ordinary |
Purchase |
452 |
6.1390 GBP |
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|
32 17/19p ordinary |
Purchase |
369 |
6.2240 GBP |
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|
32 17/19p ordinary |
Purchase |
306 |
6.1660 GBP |
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32 17/19p ordinary |
Purchase |
239 |
6.1362 GBP |
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ADR |
Purchase |
150 |
16.6100 USD |
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32 17/19p ordinary |
Purchase |
116 |
6.2200 GBP |
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32 17/19p ordinary |
Purchase |
71 |
6.2180 GBP |
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|
32 17/19p ordinary |
Purchase |
68 |
6.1050 GBP |
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|
32 17/19p ordinary |
Purchase |
67 |
6.1730 GBP |
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|
32 17/19p ordinary |
Purchase |
40 |
6.1132 GBP |
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|
32 17/19p ordinary |
Purchase |
34 |
6.2120 GBP |
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32 17/19p ordinary |
Purchase |
21 |
6.1430 GBP |
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32 17/19p ordinary |
Sale |
639,563 |
6.1000 GBP |
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32 17/19p ordinary |
Sale |
474,091 |
6.1560 GBP |
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32 17/19p ordinary |
Sale |
182,362 |
6.1191 GBP |
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32 17/19p ordinary |
Sale |
113,448 |
6.1453 GBP |
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32 17/19p ordinary |
Sale |
108,662 |
6.1005 GBP |
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|
32 17/19p ordinary |
Sale |
100,776 |
6.1425 GBP |
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|
32 17/19p ordinary |
Sale |
86,880 |
6.1069 GBP |
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|
32 17/19p ordinary |
Sale |
66,168 |
6.1446 GBP |
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|
32 17/19p ordinary |
Sale |
65,466 |
6.1497 GBP |
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|
32 17/19p ordinary |
Sale |
59,720 |
6.1075 GBP |
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|
32 17/19p ordinary |
Sale |
57,433 |
6.1008 GBP |
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|
32 17/19p ordinary |
Sale |
51,678 |
6.1180 GBP |
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|
32 17/19p ordinary |
Sale |
29,836 |
6.1025 GBP |
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|
32 17/19p ordinary |
Sale |
26,537 |
6.1477 GBP |
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32 17/19p ordinary |
Sale |
23,705 |
6.1732 GBP |
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|
32 17/19p ordinary |
Sale |
22,749 |
6.1584 GBP |
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|
32 17/19p ordinary |
Sale |
17,919 |
6.1832 GBP |
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|
32 17/19p ordinary |
Sale |
16,900 |
6.1203 GBP |
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|
32 17/19p ordinary |
Sale |
16,825 |
6.2020 GBP |
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|
32 17/19p ordinary |
Sale |
12,800 |
6.1404 GBP |
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|
32 17/19p ordinary |
Sale |
9,586 |
6.1067 GBP |
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|
32 17/19p ordinary |
Sale |
7,435 |
6.1084 GBP |
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|
32 17/19p ordinary |
Sale |
6,991 |
6.1842 GBP |
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|
32 17/19p ordinary |
Sale |
6,827 |
6.1841 GBP |
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|
32 17/19p ordinary |
Sale |
6,750 |
6.1072 GBP |
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|
32 17/19p ordinary |
Sale |
6,670 |
6.1476 GBP |
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|
32 17/19p ordinary |
Sale |
5,784 |
6.1643 GBP |
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|
32 17/19p ordinary |
Sale |
3,844 |
6.1769 GBP |
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|
32 17/19p ordinary |
Sale |
3,697 |
6.1392 GBP |
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|
ADR |
Sale |
3,200 |
16.6075 USD |
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32 17/19p ordinary |
Sale |
2,216 |
6.1335 GBP |
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32 17/19p ordinary |
Sale |
2,169 |
6.1550 GBP |
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|
32 17/19p ordinary |
Sale |
2,121 |
6.1091 GBP |
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|
32 17/19p ordinary |
Sale |
1,866 |
6.1305 GBP |
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|
32 17/19p ordinary |
Sale |
1,815 |
6.1390 GBP |
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|
32 17/19p ordinary |
Sale |
1,619 |
6.1160 GBP |
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|
32 17/19p ordinary |
Sale |
1,610 |
6.2088 GBP |
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|
32 17/19p ordinary |
Sale |
1,594 |
6.1094 GBP |
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|
32 17/19p ordinary |
Sale |
1,540 |
6.1080 GBP |
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|
32 17/19p ordinary |
Sale |
1,284 |
6.1060 GBP |
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|
32 17/19p ordinary |
Sale |
1,143 |
6.1348 GBP |
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|
32 17/19p ordinary |
Sale |
978 |
6.1465 GBP |
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|
32 17/19p ordinary |
Sale |
887 |
6.2195 GBP |
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|
32 17/19p ordinary |
Sale |
843 |
6.1076 GBP |
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|
32 17/19p ordinary |
Sale |
840 |
6.2120 GBP |
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|
32 17/19p ordinary |
Sale |
813 |
6.1959 GBP |
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|
32 17/19p ordinary |
Sale |
800 |
6.1631 GBP |
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|
32 17/19p ordinary |
Sale |
747 |
6.1140 GBP |
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|
32 17/19p ordinary |
Sale |
679 |
6.1105 GBP |
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|
32 17/19p ordinary |
Sale |
678 |
6.1090 GBP |
||||
|
32 17/19p ordinary |
Sale |
676 |
6.1480 GBP |
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|
32 17/19p ordinary |
Sale |
670 |
6.1403 GBP |
||||
|
32 17/19p ordinary |
Sale |
607 |
6.1460 GBP |
||||
|
32 17/19p ordinary |
Sale |
601 |
6.1936 GBP |
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|
32 17/19p ordinary |
Sale |
587 |
6.1420 GBP |
||||
|
32 17/19p ordinary |
Sale |
553 |
6.1210 GBP |
||||
|
32 17/19p ordinary |
Sale |
525 |
6.1175 GBP |
||||
|
32 17/19p ordinary |
Sale |
451 |
6.1340 GBP |
||||
|
32 17/19p ordinary |
Sale |
446 |
6.2220 GBP |
||||
|
32 17/19p ordinary |
Sale |
369 |
6.2240 GBP |
||||
|
32 17/19p ordinary |
Sale |
306 |
6.1660 GBP |
||||
|
32 17/19p ordinary |
Sale |
164 |
6.1040 GBP |
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|
ADR |
Sale |
150 |
16.6100 USD |
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|
32 17/19p ordinary |
Sale |
116 |
6.2200 GBP |
||||
|
32 17/19p ordinary |
Sale |
91 |
6.1104 GBP |
||||
|
32 17/19p ordinary |
Sale |
76 |
6.1103 GBP |
||||
|
32 17/19p ordinary |
Sale |
56 |
6.2210 GBP |
||||
|
32 17/19p ordinary |
Sale |
50 |
6.2112 GBP |
||||
|
32 17/19p ordinary |
Sale |
21 |
6.1430 GBP |
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|
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|
|
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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 |
|
reference |
unit |
|||
|
security |
|
|
securities |
|
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|
32 17/19p ordinary |
SWAP |
Increasing Long |
552,356 |
6.1000 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
32,826 |
6.1003 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
108,662 |
6.1005 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
57,433 |
6.1008 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
29,836 |
6.1025 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
14,893 |
6.1038 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
113,923 |
6.1057 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
9,586 |
6.1067 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
86,880 |
6.1069 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
6,750 |
6.1072 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
59,720 |
6.1075 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
843 |
6.1076 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
2,121 |
6.1091 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
1,594 |
6.1094 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
2,099 |
6.1100 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
1,699 |
6.1102 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
460 |
6.1104 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
386 |
6.1105 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
17,787 |
6.1252 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
100,776 |
6.1425 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
148,105 |
6.1453 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
978 |
6.1465 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
1,663 |
6.1466 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
33,142 |
6.1558 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
473,638 |
6.1560 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
36,134 |
6.1660 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Increasing Long |
813 |
6.1959 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
308,032 |
6.1000 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
4,748 |
6.1003 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
40,077 |
6.1012 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
185,969 |
6.1034 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
15,871 |
6.1089 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
115,421 |
6.1128 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
60,683 |
6.1148 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
24,196 |
6.1230 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
8,826 |
6.1288 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
35,000 |
6.1294 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
62,419 |
6.1312 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
97,814 |
6.1314 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
67,338 |
6.1315 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
22,643 |
6.1321 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
16,021 |
6.1330 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
429,752 |
6.1560 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
295 |
6.1818 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
356,782 |
6.1940 GBP |
|||
|
32 17/19p ordinary |
SWAP |
Decreasing Long |
1,500 |
6.1461 GBP |
|||
|
32 17/19p ordinary |
CFD |
Increasing Long |
86,962 |
6.1000 GBP |
|||
|
32 17/19p ordinary |
CFD |
Increasing Long |
6,524 |
6.1200 GBP |
|||
|
32 17/19p ordinary |
CFD |
Increasing Long |
4,113 |
6.2015 GBP |
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|
32 17/19p ordinary |
CFD |
Decreasing Long |
4,113 |
6.1004 GBP |
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32 17/19p ordinary |
CFD |
Decreasing Long |
57,141 |
6.1085 GBP |
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32 17/19p ordinary |
CFD |
Decreasing Long |
41,506 |
6.1160 GBP |
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32 17/19p ordinary |
CFD |
Decreasing Long |
2,725 |
6.1249 GBP |
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32 17/19p ordinary |
CFD |
Decreasing Long |
17,460 |
6.1283 GBP |
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32 17/19p ordinary |
CFD |
Decreasing Long |
71 |
6.2184 GBP |
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32 17/19p ordinary |
SWAP |
Increasing Long |
3,472 |
6.1264 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 |
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relevant |
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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: |
29 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 |
-120,792 |
5.3305 |
European |
06 Jun 2025 |
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32 17/19p ordinary |
Call Options |
Written |
-104,576 |
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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