RNS Number : 2327A
Barclays PLC
11 March 2025
 

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR

MORE

Rule 8.3 of the Takeover Code (the "Code")

1.

KEY INFORMATION

(a)

Full name of discloser:

 

Barclays PLC.

(b)

Owner or controller of interest and short

 

 

positions disclosed, if different from 1(a):

(c)

Name of offeror/offeree in relation to whose

AVIVA PLC

 

relevant securities this form relates:

(d)

If an exempt fund manager connected with an

 

 

offeror/offeree, state this and specify identity of

 

offeror/offeree:

(e)

Date position held/dealing undertaken:

10 Mar 2025

(f)

In addition to the company in 1(c) above, is the discloser making

YES:

 

 

 

disclosures in respect of any other party to the offer?

DIRECT LINE INSURANCE GROUP PLC

 

2.

POSITIONS OF THE PERSON MAKING THE DISCLOSURE

(a)

Interests and short positions in the relevant securities of the offeror or offeree

 

 

to which the disclosure relates following the dealing(if any)

 

Class of relevant security:

32 17/19p ordinary

 

Interests

Short Positions

 

Number

(%)

Number

(%)

(1)

Relevant securities owned

 

 

 

 

 

and/or controlled:

 

 

21,513,151

0.80%

15,438,791

0.58%

(2)

Cash-settled derivatives:

 

 

 

 

 

and/or controlled:

 

 

11,528,283

0.43%

14,872,389

0.56%

(3)

Stock-settled derivatives (including options)

 

 

 

 

 

and agreements to purchase/sell:

 

 

0

0.00%

225,420

0.01%

 

 

 

 

 

 

 

 

 

TOTAL:

 

 

33,041,434

1.23%

30,536,600

1.14%

(b)

Rights to subscribe for new securities (including directors and other executive

 

 

options)

 

 

 

 

 

 

Class of relevant security in relation to

 

 

 

 

which subscription right exists

 

 

 

 

Details, including nature of the rights

 

 

 

 

concerned and relevant percentages:

 

 

 

 

3.

DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER

(a)

Purchases and sales

 

 

 

 

 

Class of relevant

Purchase/sale

Number of

Price per unit

security

 

securities

 

32 17/19p ordinary

Purchase

6,555,489

5.3760  GBP

32 17/19p ordinary

Purchase

517,186

5.3504  GBP

32 17/19p ordinary

Purchase

199,713

5.3520  GBP

32 17/19p ordinary

Purchase

144,510

5.3731  GBP

32 17/19p ordinary

Purchase

142,789

5.3584  GBP

32 17/19p ordinary

Purchase

109,117

5.3572  GBP

32 17/19p ordinary

Purchase

106,453

5.3506  GBP

32 17/19p ordinary

Purchase

69,285

5.3500  GBP

32 17/19p ordinary

Purchase

47,347

5.3719  GBP

32 17/19p ordinary

Purchase

39,543

5.3659  GBP

32 17/19p ordinary

Purchase

39,531

5.3733  GBP

32 17/19p ordinary

Purchase

38,170

5.3710  GBP

32 17/19p ordinary

Purchase

32,841

5.3596  GBP

32 17/19p ordinary

Purchase

31,417

5.3635  GBP

32 17/19p ordinary

Purchase

28,836

5.3575  GBP

32 17/19p ordinary

Purchase

23,162

5.3684  GBP

32 17/19p ordinary

Purchase

21,631

5.3508  GBP

32 17/19p ordinary

Purchase

20,325

5.3681  GBP

32 17/19p ordinary

Purchase

14,836

5.3620  GBP

32 17/19p ordinary

Purchase

13,488

5.3772  GBP

32 17/19p ordinary

Purchase

13,431

5.3519  GBP

32 17/19p ordinary

Purchase

13,152

5.3678  GBP

32 17/19p ordinary

Purchase

12,956

5.3712  GBP

32 17/19p ordinary

Purchase

12,200

5.3599  GBP

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

32 17/19p ordinary

Purchase

8,289

5.3700  GBP

32 17/19p ordinary

Purchase

7,982

5.3682  GBP

32 17/19p ordinary

Purchase

7,591

5.3746  GBP

32 17/19p ordinary

Purchase

7,061

5.3637  GBP

32 17/19p ordinary

Purchase

7,007

5.3717  GBP

32 17/19p ordinary

Purchase

6,643

5.3553  GBP

32 17/19p ordinary

Purchase

6,593

5.3706  GBP

32 17/19p ordinary

Purchase

6,520

5.3664  GBP

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

32 17/19p ordinary

Purchase

5,349

5.3550  GBP

32 17/19p ordinary

Purchase

5,124

5.3617  GBP

32 17/19p ordinary

Purchase

4,122

5.3667  GBP

32 17/19p ordinary

Purchase

2,884

5.3634  GBP

32 17/19p ordinary

Purchase

2,696

5.3586  GBP

32 17/19p ordinary

Purchase

2,491

5.3716  GBP

32 17/19p ordinary

Purchase

2,411

5.3711  GBP

32 17/19p ordinary

Purchase

1,886

5.3750  GBP

32 17/19p ordinary

Purchase

1,819

5.3723  GBP

32 17/19p ordinary

Purchase

1,728

5.3714  GBP

32 17/19p ordinary

Purchase

937

5.3548  GBP

32 17/19p ordinary

Purchase

391

5.3507  GBP

32 17/19p ordinary

Purchase

286

5.3570  GBP

32 17/19p ordinary

Purchase

133

5.3541  GBP

32 17/19p ordinary

Sale

587,557

5.3640  GBP

32 17/19p ordinary

Sale

282,360

5.3639  GBP

32 17/19p ordinary

Sale

271,926

5.3653  GBP

32 17/19p ordinary

Sale

160,687

5.3500  GBP

32 17/19p ordinary

Sale

144,926

5.3528  GBP

32 17/19p ordinary

Sale

143,350

5.3758  GBP

32 17/19p ordinary

Sale

143,350

5.3693  GBP

32 17/19p ordinary

Sale

129,144

5.3633  GBP

32 17/19p ordinary

Sale

107,110

5.3723  GBP

32 17/19p ordinary

Sale

101,291

5.3489  GBP

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

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

32 17/19p ordinary

Sale

33,525

5.3636  GBP

32 17/19p ordinary

Sale

31,681

5.3626  GBP

32 17/19p ordinary

Sale

28,060

5.3654  GBP

32 17/19p ordinary

Sale

19,247

5.3720  GBP

32 17/19p ordinary

Sale

10,324

5.3711  GBP

32 17/19p ordinary

Sale

9,774

5.3612  GBP

32 17/19p ordinary

Sale

9,217

5.3740  GBP

32 17/19p ordinary

Sale

8,155

5.3676  GBP

32 17/19p ordinary

Sale

7,779

5.3615  GBP

32 17/19p ordinary

Sale

6,499

5.3616  GBP

32 17/19p ordinary

Sale

5,578

5.3668  GBP

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

32 17/19p ordinary

Sale

3,476

5.3713  GBP

32 17/19p ordinary

Sale

2,623

5.3681  GBP

32 17/19p ordinary

Sale

1,816

5.3622  GBP

32 17/19p ordinary

Sale

1,564

5.3677  GBP

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

32 17/19p ordinary

Sale

366

5.3600  GBP

32 17/19p ordinary

Sale

280

5.3568  GBP

 

 

 

 

 

 

 

 

(b)

Cash-settled derivative transactions

 

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

 

reference

unit

security

 

 

securities

 

32 17/19p ordinary

SWAP

Decreasing Short

101,291

5.3489  GBP

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

32 17/19p ordinary

CFD

Increasing Long

3,302

5.3580  GBP

32 17/19p ordinary

CFD

Increasing Long

96,623

5.3678  GBP

32 17/19p ordinary

CFD

Decreasing Long

2,804

5.3763  GBP

32 17/19p ordinary

CFD

Decreasing Long

570

5.3823  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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(ii)

Exercising

 

 

 

 

 

 

Class of relevant

Product description

Exercising/ exercised against

Number of

Exercise price per

security

 

 

securities

unit

 

 

 

 

 

 

 

 

 

 

 

 

 

(d)

Other dealings (including subscribing for new securities)

 

Class of relevant

Nature of Dealings

Details

Price per unit (if

security

 

 

applicable)

 

 

 

 

4.

OTHER INFORMATION

(a)

Indemnity and other dealings arrangements

 

Details of any indemnity or option arrangement, or any agreement or understanding,

 

 

formal or informal, relating to relevant securities which may be an inducement to deal

 

 

or refrain from dealing entered into by the exempt principal trader making the disclosure and any party

 

to the offer or any person acting in concert with a party to the offer:

 

 

 

NONE

(b)

Agreements, arrangements or understandings relating to options or derivatives

 

Details of any agreement, arrangement or understanding, formal or informal, between

 

 

the person making the disclosure and any other person relating to:

 

 

(i)  the voting rights of any relevant securities under any option; or

 

 

 

(ii) the voting rights of future acquisition or disposal of any relevant securities to which

 

 

any derivative is referenced:

 

 

 

 

 

 

NONE

(c)

Attachments

 

 

 

 

 

 

Is a Supplemental Form 8 (Open Positions) attached?

YES

Date of disclosure:

11 Mar 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DETAILS OF OPEN OPTION AND DERIVATIVE POSITIONS, AGREEMENTS TO

PURCHASE OR SELL ETC.

Note 5(i) on Rule 8 of the Takeover Code (the "Code")

1.

KEY INFORMATION

Identity of the person whose positions/dealings

Barclays PLC.

are being disclosed:

Name of offeror/offeree in relation to whose

AVIVA PLC

relevant securities this from relates:

 

 

 

 

 

 

 

 

2.

OPTIONS AND DERIVATIVES

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

32 17/19p ordinary

Call Options

Written

-104,597

5.3176

European

05 Jun 2025

 

 

 

 

 

 

 

 

3.

AGREEMENTS TO PURCHASE OR SELL ETC.

Full details should be given so that the nature of the interest or position can be fully understood:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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