Form 8.5 (EPT/NON-RI) - AVIVA PLC - BCSL

Form 8.5 (EPT/NON-RI) - AVIVA PLC - BCSL

BARCLAYS PLC

FORM 8.5 (EPT/NON-RI)

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN

EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY (“RI”) STATUS (OR WHERE RI STATUS IS NOT APPLICABLE)

Rule 8.5 of the Takeover Code (the “Code”)

1. KEY INFORMATION

(a)	Â	Name of exempt principal trader:	Â	BARCLAYS CAPITAL SECURITIES LTD
(b)		Name of offeror/offeree in relation to whose		AVIVA PLC
Â		relevant securities this form relates:		Â
(c)		Name of the party to the offer with which exempt		FRIENDS LIFE GROUP LIMITED
Â		principal trader is connected		Â
(d)		Date position held/dealing undertaken:		15 December 2014
(e)		Has the EPT previously disclosed, or is it		YES:
		today disclosing, under the Code in respect		FRIENDS LIFE GROUP LIMITED
Â		of any other party to this offer?		Â

2. POSITIONS OF THE EXEMPT PRINCIPAL TRADER

(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	Â	ORD
				Interests			Â	Short Positions
Â		Â		Number	Â	(%)		Number	Â	(%)
(1)		Relevant securities owned
		and/or controlled:		9,796,261		0.33%		7,672,217		0.26%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		4,817,173		0.16%		5,456,621		0.18%
Â		Â		Â		Â		Â		Â
(3)		Options and agreements to
		purchase/sell:		380,000		0.01%		0		0.00%
Â		Â		Â		Â		Â		Â
											Â
		TOTAL:		14,993,434		0.51%		13,128,838		0.45%

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

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(b), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

3. DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER

(a) Purchases and sales

Class of relevant	Â	Purchase/sale	Â	Number of	Â	Price per unit
security		Â		securities		Â
ORD		Purchase		293		4.8380 GBP
ORD		Purchase		500		4.6990 GBP
ORD		Purchase		841		4.7350 GBP
ORD		Purchase		1,053		4.7600 GBP
ORD		Purchase		1,054		4.7390 GBP
ORD		Purchase		1,095		4.7890 GBP
ORD		Purchase		1,600		4.7550 GBP
ORD		Purchase		1,906		4.7860 GBP
ORD		Purchase		1,912		4.7360 GBP
ORD		Purchase		2,000		4.7560 GBP
ORD		Purchase		2,022		4.7030 GBP
ORD		Purchase		2,022		4.7150 GBP
ORD		Purchase		2,022		4.7200 GBP
ORD		Purchase		2,022		4.7330 GBP
ORD		Purchase		2,022		4.7460 GBP
ORD		Purchase		2,022		4.7896 GBP
ORD		Purchase		2,022		4.7900 GBP
ORD		Purchase		2,200		4.7710 GBP
ORD		Purchase		2,863		4.7244 GBP
ORD		Purchase		3,153		4.6396 GBP
ORD		Purchase		4,402		4.7238 GBP
ORD		Purchase		4,756		4.7214 GBP
ORD		Purchase		6,800		4.7403 GBP
ORD		Purchase		7,741		4.7910 GBP
ORD		Purchase		10,000		4.7670 GBP
ORD		Purchase		10,141		4.7805 GBP
ORD		Purchase		10,850		4.6709 GBP
ORD		Purchase		11,864		4.6995 GBP
ORD		Purchase		13,792		4.7491 GBP
ORD		Purchase		15,390		4.6390 GBP
ORD		Purchase		17,706		4.7672 GBP
ORD		Purchase		25,850		4.7659 GBP
ORD		Purchase		31,304		4.7326 GBP
ORD		Purchase		52,159		4.7472 GBP
ORD		Purchase		87,182		4.7198 GBP
ORD		Purchase		161,090		4.7916 GBP
ORD		Purchase		287,625		4.6947 GBP
ORD		Sale		54		4.7341 GBP
ORD		Sale		106		4.7359 GBP
ORD		Sale		841		4.7350 GBP
ORD		Sale		1,000		4.6960 GBP
ORD		Sale		1,053		4.7600 GBP
ORD		Sale		1,095		4.7890 GBP
ORD		Sale		1,600		4.7550 GBP
ORD		Sale		1,906		4.7860 GBP
ORD		Sale		1,912		4.7360 GBP
ORD		Sale		2,000		4.7560 GBP
ORD		Sale		2,022		4.7030 GBP
ORD		Sale		2,022		4.7150 GBP
ORD		Sale		2,022		4.7200 GBP
ORD		Sale		2,022		4.7330 GBP
ORD		Sale		2,022		4.7460 GBP
ORD		Sale		2,022		4.7896 GBP
ORD		Sale		2,022		4.7900 GBP
ORD		Sale		2,200		4.7710 GBP
ORD		Sale		3,254		4.7287 GBP
ORD		Sale		3,826		4.7816 GBP
ORD		Sale		4,321		4.7265 GBP
ORD		Sale		5,358		4.6919 GBP
ORD		Sale		5,391		4.7763 GBP
ORD		Sale		7,697		4.7489 GBP
ORD		Sale		7,741		4.7910 GBP
ORD		Sale		8,143		4.7324 GBP
ORD		Sale		8,403		4.7885 GBP
ORD		Sale		10,000		4.7670 GBP
ORD		Sale		11,882		4.7650 GBP
ORD		Sale		14,792		4.7109 GBP
ORD		Sale		17,401		4.6390 GBP
ORD		Sale		19,151		4.7646 GBP
ORD		Sale		25,378		4.7672 GBP
ORD		Sale		31,392		4.6588 GBP
ORD		Sale		149,400		4.7240 GBP
ORD		Sale		150,227		4.7805 GBP
ADR		Purchase		877		14.6564 USD
ADR		Purchase		3,557		14.7281 USD
ADR		Sale		877		14.6564 USD
ADR		Sale		3,557		14.7281 USD

(b) Derivatives transactions (other than options)

Class of	Â	Product	Â	Nature of dealing	Â	Number of	Â	Price per
relevant		description				reference		unit
security		Â		Â		securities		Â
ORD		CFD		Long		14,792		4.7109 GBP
ORD		CFD		Long		15,272		4.7761 GBP
ORD		SWAP		Long		16,077		4.8379 GBP
ORD		SWAP		Long		18,500		4.6745 GBP
ORD		SWAP		Long		36,834		4.7472 GBP
ORD		CFD		Long		46,200		4.7817 GBP
ORD		CFD		Long		52,449		4.7828 GBP
ORD		SWAP		Long		149,400		4.7239 GBP
ORD		CFD		Short		1,754		4.6862 GBP
ORD		SWAP		Short		3,153		4.6396 GBP
ORD		CFD		Short		4,402		4.7238 GBP
ORD		CFD		Short		4,756		4.7215 GBP
ORD		SWAP		Short		10,850		4.6709 GBP
ORD		CFD		Short		11,864		4.6995 GBP
ORD		SWAP		Short		31,313		4.7400 GBP
ORD		SWAP		Short		87,182		4.7198 GBP
ORD		SWAP		Short		134,500		4.7255 GBP
ORD		CFD		Short		186,124		4.6915 GBP

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Class of relevant security

Â

Product description e.g. call option

Â

Writing, purchasing, selling, varying etc.

Â

Number of securities to which option relates

Â

Exercise price per unit

Â

Type e.g. American, European etc.

Â

Expiry date

Â

Option money paid/ received per unit

(ii) Exercising

Class of relevant security

Â

Product description e.g. call option

Â

Number of securities

Â

Exercise price per unit

(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)

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(b), 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 exempt principal trader 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

(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

(c) Attachments

Is a Supplemental Form 8 (Open Positions) attached?	Â	YES
Date of disclosure:		16 Dec 2014
Contact name:		Jay Supaya
Telephone number:		0207 773 0635

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 the person whose positions/dealings	Â	BARCLAYS CAPITAL SECURITIES LTD
are being disclosed:		Â
Name of offeror/offeree in relation to whose		AVIVA PLC
relevant securities this from relates:		Â

2. OPTIONS AND DERIVATIVES

Class

Â

Product

Â

Writing,

Â

Number

Â

Exercise

Â

Type

Â

Expiry

of

description

purchasing,

of

price

date

relevant

selling,

securities

per unit

security

varying etc

to which

option

Â

Â

Â

relates

Â

Â

Â

ORD

Put Options

Written

380,000

280.0000

American

19 Dec 2014

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:

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.