RNS Number : 3223R
GoldmanSachs International
24 December 2024
 

 

FORM 8.5 (EPT/RI)

 

PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY

Rule 8.5 of the Takeover Code (the "Code")

 

1.         KEY INFORMATION

 

(a) Name of exempt principal trader:

(GS) GOLDMAN SACHS INTERNATIONAL

(b) Name of offeror/offeree in relation to whose relevant securities this form relates:

     Use a separate form for each offeror/offeree

DIRECT LINE INSURANCE GROUP PLC

(c) Name of the party to the offer with which exempt principal trader is connected:

AVIVA PLC

(d) Date dealing undertaken:

23 December 2024

(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to the offer?

     If it is a cash offer or possible cash offer, state "N/A"

YES - disclosing today for AVIVA PLC

 

2.         DEALINGS BY THE EXEMPT PRINCIPAL TRADER

 

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

 

The currency of all prices and other monetary amounts should be stated.

 

(a)        Purchases and sales

 

Class of relevant security

Purchases/ sales

 

Total number of securities

Highest price per unit paid/received

Lowest price per unit paid/received

10 10/11p ordinary

Purchases

1,950,075

2.5340 GBP

2.4352 GBP

10 10/11p ordinary

Sales

2,697,424

2.5340 GBP

2.4720 GBP

 

 

 

(b)        Cash-settled derivative transactions

 

Class of relevant security

Product description

e.g. CFD

Nature of dealing

e.g. opening/closing a long/short position, increasing/reducing a long/short position

Number of reference securities

Price per unit

10 10/11p ordinary

CFD

Opening a short position

4,887

2.4357 GBP

10 10/11p ordinary

CFD

Opening a short position

4,887

2.4357 GBP

10 10/11p ordinary

CFD

Opening a short position

62,155

2.4357 GBP

10 10/11p ordinary

CFD

Opening a short position

29,758

2.4357 GBP

10 10/11p ordinary

CFD

Opening a short position

62,155

2.4357 GBP

10 10/11p ordinary

CFD

Opening a short position

29,758

2.4357 GBP

10 10/11p ordinary

CFD

Opening a short position

1,446

2.4357 GBP

10 10/11p ordinary

CFD

Opening a short position

1,446

2.4357 GBP

10 10/11p ordinary

CFD

Reducing a short position

405

2.4720 GBP

10 10/11p ordinary

CFD

Increasing a short position

235

2.4968 GBP

10 10/11p ordinary

CFD

Increasing a short position

271,415

2.5018 GBP

10 10/11p ordinary

CFD

Reducing a short position

1,475

2.5020 GBP

10 10/11p ordinary

CFD

Reducing a short position

1,892

2.5020 GBP

10 10/11p ordinary

CFD

Reducing a short position

1,136

2.5020 GBP

10 10/11p ordinary

CFD

Opening a short position

175,950

2.5046 GBP

10 10/11p ordinary

CFD

Opening a short position

79,050

2.5046 GBP

10 10/11p ordinary

CFD

Reducing a long position

5,617

2.5066 GBP

10 10/11p ordinary

CFD

Increasing a short position

189,716

2.5078 GBP

10 10/11p ordinary

CFD

Opening a short position

47,125

2.5083 GBP

10 10/11p ordinary

CFD

Reducing a short position

613

2.5088 GBP

10 10/11p ordinary

CFD

Reducing a short position

1,565

2.5088 GBP

10 10/11p ordinary

CFD

Reducing a short position

3,389

2.5154 GBP

10 10/11p ordinary

CFD

Reducing a short position

80,000

2.5171 GBP

10 10/11p ordinary

CFD

Reducing a short position

159,900

2.5174 GBP

10 10/11p ordinary

CFD

Reducing a long position

3,910

2.5189 GBP

10 10/11p ordinary

CFD

Reducing a short position

47,958

2.5196 GBP

10 10/11p ordinary

CFD

Reducing a short position

606,564

2.5196 GBP

10 10/11p ordinary

CFD

Reducing a short position

104,839

2.5196 GBP

10 10/11p ordinary

CFD

Reducing a short position

466,986

2.5196 GBP

10 10/11p ordinary

CFD

Reducing a short position

177,277

2.5196 GBP

10 10/11p ordinary

CFD

Reducing a short position

96,376

2.5196 GBP

10 10/11p ordinary

CFD

Reducing a short position

31,048

2.5211 GBP

10 10/11p ordinary

CFD

Reducing a short position

68,192

2.5211 GBP

10 10/11p ordinary

CFD

Reducing a short position

7,394

2.5211 GBP

10 10/11p ordinary

CFD

Reducing a short position

55,882

2.5211 GBP

10 10/11p ordinary

CFD

Reducing a short position

134

2.5211 GBP

10 10/11p ordinary

CFD

Reducing a short position

1,220

2.5211 GBP

10 10/11p ordinary

CFD

Reducing a short position

444

2.5211 GBP

10 10/11p ordinary

CFD

Reducing a short position

27,474

2.5211 GBP

10 10/11p ordinary

CFD

Reducing a short position

1,300

2.5211 GBP

10 10/11p ordinary

CFD

Reducing a short position

5,636

2.5211 GBP

10 10/11p ordinary

CFD

Reducing a short position

15,522

2.5211 GBP

10 10/11p ordinary

CFD

Reducing a short position

10,132

2.5211 GBP

10 10/11p ordinary

CFD

Reducing a short position

2,440

2.5211 GBP

10 10/11p ordinary

CFD

Reducing a short position

998

2.5211 GBP

10 10/11p ordinary

CFD

Reducing a short position

14,862

2.5211 GBP

10 10/11p ordinary

CFD

Reducing a short position

25,722

2.5211 GBP

10 10/11p ordinary

CFD

Reducing a short position

722

2.5211 GBP

10 10/11p ordinary

CFD

Reducing a short position

360

2.5211 GBP

10 10/11p ordinary

CFD

Reducing a short position

8,028

2.5211 GBP

10 10/11p ordinary

CFD

Reducing a short position

16,092

2.5211 GBP

10 10/11p ordinary

CFD

Reducing a short position

96,706

2.5211 GBP

10 10/11p ordinary

CFD

Reducing a short position

2,264

2.5211 GBP

10 10/11p ordinary

CFD

Reducing a short position

34,227

2.5237 GBP

10 10/11p ordinary

CFD

Increasing a short position

1,004

2.5240 GBP

10 10/11p ordinary

CFD

Increasing a short position

10,452

2.5240 GBP

10 10/11p ordinary

CFD

Reducing a long position

2,367

2.5243 GBP

10 10/11p ordinary

CFD

Opening a short position

465,476

2.5244 GBP

10 10/11p ordinary

CFD

Reducing a short position

766

2.5245 GBP

10 10/11p ordinary

CFD

Reducing a long position

39,000

2.5248 GBP

10 10/11p ordinary

CFD

Reducing a short position

4,421

2.5259 GBP

10 10/11p ordinary

CFD

Opening a short position

98,733

2.5271 GBP

10 10/11p ordinary

CFD

Opening a short position

1,840

2.5289 GBP

10 10/11p ordinary

CFD

Opening a short position

659

2.5289 GBP

10 10/11p ordinary

CFD

Opening a short position

2,797

2.5289 GBP

10 10/11p ordinary

CFD

Opening a short position

3,069

2.5289 GBP

10 10/11p ordinary

CFD

Opening a short position

393

2.5289 GBP

10 10/11p ordinary

CFD

Opening a short position

170

2.5289 GBP

10 10/11p ordinary

CFD

Opening a short position

686

2.5289 GBP

10 10/11p ordinary

CFD

Opening a short position

513

2.5289 GBP

10 10/11p ordinary

CFD

Opening a short position

5,702

2.5289 GBP

 

 

 

(c)        Stock-settled derivative transactions (including options)

 

(i)         Writing, selling, purchasing or varying

 

Class of relevant security

Product description e.g. call option

Writing, purchasing, selling, varying etc.

Number of securities to which option relates

Exercise price per unit

Type

e.g. American, European etc.

Expiry date

Option money paid/ received per unit









 

(ii)        Exercise

 

Class of relevant security

Product description

e.g. call option

Exercising / exercised against

Number of securities

Exercise price per unit






 

(d)        Other dealings (including subscribing for new securities)

 

Class of relevant security

Nature of dealing

e.g. subscription, conversion

Details

Price per unit (if applicable)


 

 



 

 

3.         OTHER INFORMATION

 

(a)        Indemnity and other dealing 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:

Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none"

 

NONE

 

 

(b)        Agreements, arrangements or understandings relating to options or derivatives

 

Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader 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 or future acquisition or disposal of any relevant securities to which any derivative is referenced:

If there are no such agreements, arrangements or understandings, state "none"

 

NONE

 

 

 

Date of disclosure:

24 December 2024
Contact name:

Papa Lette and Andrzej Szyszka
Telephone number:

+33(1) 4212 1459 / +48(22) 317 4817

 

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.

 

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

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