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:		18 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:		10,030,168		0.34%		7,666,556		0.26%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		4,710,362		0.16%		5,616,293		0.19%
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:		15,120,530		0.51%		13,282,849		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		214		4.7790 GBP
ORD		Purchase		265		4.7590 GBP
ORD		Purchase		306		4.7900 GBP
ORD		Purchase		370		4.7583 GBP
ORD		Purchase		605		4.7690 GBP
ORD		Purchase		807		4.7680 GBP
ORD		Purchase		1,000		4.8050 GBP
ORD		Purchase		1,030		4.7190 GBP
ORD		Purchase		1,030		4.7318 GBP
ORD		Purchase		1,030		4.7350 GBP
ORD		Purchase		1,030		4.7380 GBP
ORD		Purchase		1,045		4.7570 GBP
ORD		Purchase		1,045		4.7730 GBP
ORD		Purchase		1,133		4.7640 GBP
ORD		Purchase		1,419		4.7320 GBP
ORD		Purchase		1,841		4.7310 GBP
ORD		Purchase		2,030		4.8020 GBP
ORD		Purchase		2,234		4.7700 GBP
ORD		Purchase		2,331		4.7732 GBP
ORD		Purchase		2,468		4.7990 GBP
ORD		Purchase		2,583		4.8070 GBP
ORD		Purchase		2,630		4.8060 GBP
ORD		Purchase		2,782		4.7770 GBP
ORD		Purchase		3,256		4.8150 GBP
ORD		Purchase		3,745		4.7560 GBP
ORD		Purchase		3,775		4.7660 GBP
ORD		Purchase		4,804		4.7996 GBP
ORD		Purchase		5,217		4.7818 GBP
ORD		Purchase		6,315		4.7515 GBP
ORD		Purchase		6,828		4.7656 GBP
ORD		Purchase		6,903		4.7941 GBP
ORD		Purchase		12,134		4.7995 GBP
ORD		Purchase		15,553		4.7723 GBP
ORD		Purchase		68,942		4.7922 GBP
ORD		Purchase		74,415		4.7523 GBP
ORD		Purchase		100,035		4.8043 GBP
ORD		Sale		94		4.7615 GBP
ORD		Sale		265		4.7590 GBP
ORD		Sale		428		4.7790 GBP
ORD		Sale		605		4.7690 GBP
ORD		Sale		1,030		4.7190 GBP
ORD		Sale		1,030		4.7318 GBP
ORD		Sale		1,030		4.7350 GBP
ORD		Sale		1,030		4.7380 GBP
ORD		Sale		1,045		4.7570 GBP
ORD		Sale		1,045		4.7730 GBP
ORD		Sale		1,133		4.7640 GBP
ORD		Sale		1,419		4.7320 GBP
ORD		Sale		1,841		4.7310 GBP
ORD		Sale		2,030		4.8020 GBP
ORD		Sale		2,039		4.7944 GBP
ORD		Sale		2,468		4.7990 GBP
ORD		Sale		3,256		4.8150 GBP
ORD		Sale		3,745		4.7560 GBP
ORD		Sale		4,234		4.7700 GBP
ORD		Sale		4,610		4.7796 GBP
ORD		Sale		6,297		4.7660 GBP
ORD		Sale		6,581		4.7900 GBP
ORD		Sale		7,171		4.7984 GBP
ORD		Sale		10,729		4.7689 GBP
ORD		Sale		10,795		4.7725 GBP
ORD		Sale		13,401		4.8070 GBP
ORD		Sale		13,460		4.7788 GBP
ORD		Sale		14,162		4.7680 GBP
ORD		Sale		15,469		4.8006 GBP
ORD		Sale		34,483		4.7742 GBP
ORD		Sale		90,670		4.8060 GBP
ORD		Sale		330,756		4.7845 GBP
ADR		Purchase		3,856		15.0167 USD
ADR		Sale		3,856		15.0167 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		SWAP		Long		900		4.8000 GBP
ORD		CFD		Long		7,712		4.8039 GBP
ORD		CFD		Long		15,469		4.8006 GBP
ORD		SWAP		Long		16,300		4.8050 GBP
ORD		SWAP		Long		21,571		4.7463 GBP
ORD		SWAP		Long		43,708		4.7728 GBP
ORD		CFD		Long		95,758		4.7702 GBP
ORD		CFD		Long		219,845		4.7930 GBP
ORD		SWAP		Short		2,500		4.8050 GBP
ORD		CFD		Short		11,592		4.7405 GBP
ORD		SWAP		Short		15,107		4.7852 GBP
ORD		SWAP		Short		25,688		4.7890 GBP
ORD		CFD		Short		39,565		4.7396 GBP
ORD		CFD		Short		68,942		4.7922 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:		19 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.