Form 8.3 - Aviva plc

Form 8.3 - Aviva plc

Causeway Capital Management LLC

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) Identity of the person whose positions/dealings are being disclosed:	Â	Â	Aviva plc
(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient	Â	Â	Causeway Capital Management LLC
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	Â	Â	Aviva plc
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:	Â	Â	Â
(e) Date position held/dealing undertaken:	Â	Â	December 12, 2014 (dealing)
(f) Has the discloser previously disclosed, or are they today disclosing, under the Code in respect of any other party to this offer?	Â	Â	No. If YES, specify which:
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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:	Â	Â	25p ordinary
Â	Â	Â	Interests			Â	Â	Short positions
	Â	Â	Number	Â	%	Â	Â	Number	Â	%
(1) Relevant securities owned and/or controlled:	Â	Â	59,066,792	Â	2.00%	Â	Â	Â	Â	Â
(2) Derivatives (other than options):	Â	Â	651,916 shares (economic exposure only via total return swap with no voting rights)	Â	0.022%	Â	Â	Â	Â	Â
(3) Options and agreements to purchase/sell:	Â	Â	Â	Â	Â	Â	Â	Â	Â	Â
TOTAL*:	Â	Â	59,718,708	Â	2.02%	Â	Â	Â	Â	Â
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* Total includes economic exposure obtained through total return swap, but there are no voting rights associated with this exposure. (Also noted in the accompanying Supplemental Form 8.)

All interests and all short positions should be disclosed.

Details of any open derivative or option positions, or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors’ and other executive options)

Class of relevant security in relation to which subscription right exists:	Â
Details, including nature of the rights concerned and relevant percentages:	Â
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If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

(a) Purchases and sales

Class of relevant security	Â	Â	Purchase/sale	Â	Â	Number of securities	Â	Â	Price per unit
25p ordinary	Â	Â	purchase	Â	Â	1,361,860 shares	Â	Â	4.755
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(b) Derivatives transactions (other than options)

Class of relevant security	Â	Product description e.g. CFD	Â	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Â	Number of reference securities	Â	Price per unit
25p ordinary	Â	Total return swap	Â	Increasing a long position	Â	615,813 shares	Â	4.750
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(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Class of relevant security

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Product description e.g. call option

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Writing, purchasing, selling, varying etc.

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Number of securities to which option relates

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Exercise price per unit

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Type e.g. American, European etc.

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Expiry date

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Option money paid/ received per unit

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(ii) Exercising

Class of relevant security	Â	Product description e.g. call option	Â	Number of securities	Â	Exercise price per unit
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(d) Other dealings (including subscribing for new securities)

Class of relevant security	Â	Nature of dealing e.g. subscription, conversion	Â	Details	Â	Price per unit (if applicable)
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The currency of all prices and other monetary amounts should be stated.

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

4. 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 person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: If there are no such agreements, arrangements or understandings, state “none”

none

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(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 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

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(c) Attachments

Is a Supplemental Form 8 (Open Positions) attached?	Â	Â	Yes.
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Date of disclosure:	Â	Â	December 12, 2014
Contact name:	Â	Â	Nicolas Chang
Telephone number:	Â	Â	[phone]
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Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at [e-mail]. The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s dealing disclosure requirements on [phone].

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

SUPPLEMENTAL FORM 8 (OPEN POSITIONS)

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 person whose open positions are being disclosed:	Â	Â	Causeway Capital Management LLC
Name of offeror/ offeree in relation to whose relevant securities the disclosure relates:	Â	Â	Aviva plc
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2. OPTIONS AND DERIVATIVES

Class of relevant security

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Product description e.g. call option

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Written or purchased

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Number of securities to which option or derivative relates

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Exercise price per unit

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Type e.g. American, European etc.

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Expiry date

25p ordinary

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Total return swap

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Not applicable

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651,916 shares

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Not applicable

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Total return swap

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Can terminate exposures at any time

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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:

Economic exposure only to (25p ordinary) shares of Aviva plc via total return swap with no voting rights.

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It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to contracts for differences (“CFDs”) or spread bets.

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

The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s dealing disclosure requirements on [phone].

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