Form 8.5 (EPT/NON-RI) AVIVA PLC
Form 8.5 (EPT/NON-RI) AVIVA PLC
BARCLAYS PLC
FORM 8.5 (EPT/NON-RI)
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN
EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY (“RIâ€) STATUS (OR WHERE RI STATUS IS NOT APPLICABLE)
Rule 8.5 of the Takeover Code (the “Codeâ€)
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: | 24 November 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 | Â | Â | Â | Â | Â | Â | |
| Interests | Short Positions | ||||||||||
| Â | Â | Number | (%) | Number | (%) | ||||||
| (1) | Relevant securities owned | ||||||||||
| and/or controlled: | 4,596,996 | 0.16% | 6,511,090 | 0.22% | |||||||
| Â | Â | Â | Â | Â | Â | ||||||
| (2) | Derivatives (other than | ||||||||||
| options): | 5,696,863 | 0.19% | 2,183,354 | 0.07% | |||||||
| Â | Â | Â | Â | Â | Â | ||||||
| (3) | Options and agreements to | ||||||||||
| purchase/sell: | 1,988,278 | 0.07% | 0 | 0.00% | |||||||
| Â | Â | Â | Â | Â | Â | ||||||
| (4) | |||||||||||
| TOTAL: | 12,282,137 | 0.42% | 8,694,444 | 0.29% | |||||||
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 | 136 | 5.1739 GBP | ||||
| ORD | Purchase | 211 | 5.1684 GBP | ||||
| ORD | Purchase | 494 | 5.2250 GBP | ||||
| ORD | Purchase | 709 | 5.2050 GBP | ||||
| ORD | Purchase | 871 | 5.2200 GBP | ||||
| ORD | Purchase | 1,114 | 5.1075 GBP | ||||
| ORD | Purchase | 1,134 | 5.1700 GBP | ||||
| ORD | Purchase | 1,147 | 5.1775 GBP | ||||
| ORD | Purchase | 1,374 | 5.1025 GBP | ||||
| ORD | Purchase | 1,393 | 5.1225 GBP | ||||
| ORD | Purchase | 1,776 | 5.0950 GBP | ||||
| ORD | Purchase | 2,294 | 5.2225 GBP | ||||
| ORD | Purchase | 2,529 | 5.1830 GBP | ||||
| ORD | Purchase | 2,738 | 5.2150 GBP | ||||
| ORD | Purchase | 2,841 | 5.2300 GBP | ||||
| ORD | Purchase | 2,940 | 5.1200 GBP | ||||
| ORD | Purchase | 3,012 | 5.1350 GBP | ||||
| ORD | Purchase | 3,080 | 5.0975 GBP | ||||
| ORD | Purchase | 5,824 | 5.1400 GBP | ||||
| ORD | Purchase | 5,840 | 5.1150 GBP | ||||
| ORD | Purchase | 5,862 | 5.2100 GBP | ||||
| ORD | Purchase | 6,448 | 5.1850 GBP | ||||
| ORD | Purchase | 6,498 | 5.1125 GBP | ||||
| ORD | Purchase | 7,049 | 5.1050 GBP | ||||
| ORD | Purchase | 7,823 | 5.1950 GBP | ||||
| ORD | Purchase | 8,275 | 5.1600 GBP | ||||
| ORD | Purchase | 8,812 | 5.1688 GBP | ||||
| ORD | Purchase | 16,419 | 5.1300 GBP | ||||
| ORD | Purchase | 18,435 | 5.2000 GBP | ||||
| ORD | Purchase | 19,152 | 5.1550 GBP | ||||
| ORD | Purchase | 20,614 | 5.1250 GBP | ||||
| ORD | Purchase | 26,015 | 5.1750 GBP | ||||
| ORD | Purchase | 31,519 | 5.1900 GBP | ||||
| ORD | Purchase | 34,199 | 5.1100 GBP | ||||
| ORD | Purchase | 37,910 | 5.1665 GBP | ||||
| ORD | Purchase | 45,068 | 5.1694 GBP | ||||
| ORD | Purchase | 46,000 | 5.1156 GBP | ||||
| ORD | Purchase | 60,794 | 5.1642 GBP | ||||
| ORD | Purchase | 65,556 | 5.1442 GBP | ||||
| ORD | Purchase | 68,151 | 5.1132 GBP | ||||
| ORD | Purchase | 74,692 | 5.1295 GBP | ||||
| ORD | Purchase | 79,422 | 5.1275 GBP | ||||
| ORD | Purchase | 81,507 | 5.1569 GBP | ||||
| ORD | Purchase | 84,697 | 5.1293 GBP | ||||
| ORD | Purchase | 97,893 | 5.1663 GBP | ||||
| ORD | Purchase | 100,000 | 5.1033 GBP | ||||
| ORD | Purchase | 105,413 | 5.1425 GBP | ||||
| ORD | Purchase | 127,117 | 5.1027 GBP | ||||
| ORD | Purchase | 219,327 | 5.1800 GBP | ||||
| ORD | Purchase | 272,840 | 5.1318 GBP | ||||
| ORD | Purchase | 643,800 | 5.1124 GBP | ||||
| ORD | Purchase | 990,007 | 5.1337 GBP | ||||
| ORD | Purchase | 1,168,501 | 5.1320 GBP | ||||
| ORD | Purchase | 2,633,560 | 5.1000 GBP | ||||
| ORD | Sale | 91 | 5.1793 GBP | ||||
| ORD | Sale | 200 | 5.0925 GBP | ||||
| ORD | Sale | 200 | 5.1798 GBP | ||||
| ORD | Sale | 494 | 5.2250 GBP | ||||
| ORD | Sale | 709 | 5.2050 GBP | ||||
| ORD | Sale | 871 | 5.2200 GBP | ||||
| ORD | Sale | 1,114 | 5.1075 GBP | ||||
| ORD | Sale | 1,114 | 5.1125 GBP | ||||
| ORD | Sale | 1,134 | 5.1700 GBP | ||||
| ORD | Sale | 1,147 | 5.1775 GBP | ||||
| ORD | Sale | 1,210 | 5.1007 GBP | ||||
| ORD | Sale | 1,374 | 5.1025 GBP | ||||
| ORD | Sale | 1,776 | 5.0950 GBP | ||||
| ORD | Sale | 1,919 | 5.1750 GBP | ||||
| ORD | Sale | 2,294 | 5.2225 GBP | ||||
| ORD | Sale | 2,529 | 5.1830 GBP | ||||
| ORD | Sale | 2,738 | 5.2150 GBP | ||||
| ORD | Sale | 2,786 | 5.1225 GBP | ||||
| ORD | Sale | 2,841 | 5.2300 GBP | ||||
| ORD | Sale | 2,940 | 5.1200 GBP | ||||
| ORD | Sale | 3,012 | 5.1350 GBP | ||||
| ORD | Sale | 3,080 | 5.0975 GBP | ||||
| ORD | Sale | 5,824 | 5.1400 GBP | ||||
| ORD | Sale | 5,840 | 5.1150 GBP | ||||
| ORD | Sale | 5,862 | 5.2100 GBP | ||||
| ORD | Sale | 7,049 | 5.1050 GBP | ||||
| ORD | Sale | 7,286 | 5.1300 GBP | ||||
| ORD | Sale | 7,300 | 5.1175 GBP | ||||
| ORD | Sale | 7,823 | 5.1950 GBP | ||||
| ORD | Sale | 8,275 | 5.1600 GBP | ||||
| ORD | Sale | 8,448 | 5.1850 GBP | ||||
| ORD | Sale | 9,311 | 5.1550 GBP | ||||
| ORD | Sale | 11,710 | 5.1800 GBP | ||||
| ORD | Sale | 11,743 | 5.0969 GBP | ||||
| ORD | Sale | 12,678 | 5.1077 GBP | ||||
| ORD | Sale | 14,789 | 5.1729 GBP | ||||
| ORD | Sale | 18,435 | 5.2000 GBP | ||||
| ORD | Sale | 19,323 | 5.1276 GBP | ||||
| ORD | Sale | 19,798 | 5.1900 GBP | ||||
| ORD | Sale | 20,614 | 5.1250 GBP | ||||
| ORD | Sale | 25,900 | 5.1171 GBP | ||||
| ORD | Sale | 27,275 | 5.1444 GBP | ||||
| ORD | Sale | 28,329 | 5.1302 GBP | ||||
| ORD | Sale | 30,688 | 5.1758 GBP | ||||
| ORD | Sale | 34,199 | 5.1100 GBP | ||||
| ORD | Sale | 44,667 | 5.1799 GBP | ||||
| ORD | Sale | 65,966 | 5.1594 GBP | ||||
| ORD | Sale | 67,142 | 5.1090 GBP | ||||
| ORD | Sale | 74,004 | 5.1360 GBP | ||||
| ORD | Sale | 78,580 | 5.1118 GBP | ||||
| ORD | Sale | 97,576 | 5.1796 GBP | ||||
| ORD | Sale | 99,390 | 5.1152 GBP | ||||
| ORD | Sale | 106,547 | 5.1773 GBP | ||||
| ORD | Sale | 110,721 | 5.1406 GBP | ||||
| ORD | Sale | 284,218 | 5.1853 GBP | ||||
| ORD | Sale | 369,000 | 5.1080 GBP | ||||
| ORD | Sale | 513,356 | 5.1000 GBP | ||||
| ORD | Sale | 593,280 | 5.1083 GBP | ||||
| ORD | Sale | 601,002 | 5.1565 GBP | ||||
| ORD | Sale | 1,262,015 | 5.1425 GBP | ||||
| ORD | Sale | 3,127,255 | 5.1101 GBP | ||||
| ORD (traded as ADR) | Purchase | 600 | 15.9900 USD | ||||
| ORD (traded as ADR) | Purchase | 92,540 | 16.0465 USD | ||||
| ORD (traded as ADR) | Sale | 600 | 15.9900 USD | ||||
| ORD (traded as ADR) | Sale | 92,540 | 16.0465 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 | 1,100 | 5.2300 GBP | |||||
| ORD | CFD | Long | 3,564 | 5.2111 GBP | |||||
| ORD | CFD | Long | 11,743 | 5.0969 GBP | |||||
| ORD | SWAP | Long | 19,323 | 5.1276 GBP | |||||
| ORD | SWAP | Long | 24,232 | 5.1419 GBP | |||||
| ORD | CFD | Long | 25,900 | 5.1170 GBP | |||||
| ORD | CFD | Long | 104,522 | 5.1834 GBP | |||||
| ORD | CFD | Long | 226,295 | 5.1531 GBP | |||||
| ORD | SWAP | Long | 240,239 | 5.0998 GBP | |||||
| ORD | CFD | Long | 289,741 | 5.1634 GBP | |||||
| ORD | CFD | Short | 1,364 | 5.2075 GBP | |||||
| ORD | CFD | Short | 3,000 | 5.1904 GBP | |||||
| ORD | CFD | Short | 15,000 | 5.1605 GBP | |||||
| ORD | SWAP | Short | 18,326 | 5.1609 GBP | |||||
| ORD | SWAP | Short | 27,711 | 5.1597 GBP | |||||
| ORD | CFD | Short | 29,071 | 5.1013 GBP | |||||
| ORD | SWAP | Short | 30,975 | 5.1149 GBP | |||||
| ORD | CFD | Short | 39,080 | 5.1221 GBP | |||||
| ORD | CFD | Short | 51,940 | 5.0990 GBP | |||||
| ORD | CFD | Short | 57,097 | 5.1842 GBP | |||||
| ORD | SWAP | Short | 59,700 | 5.1034 GBP | |||||
| ORD | SWAP | Short | 84,824 | 5.1699 GBP | |||||
| ORD | SWAP | Short | 117,471 | 5.1737 GBP | |||||
| ORD | CFD | Short | 127,117 | 5.1027 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. |
 | Expiry date |  | Option money paid/ received per unit |
(ii) Exercising
| Class of relevant security | Â |
Product description
e.g. call option |
 | Number of securities |  | Exercise price per unit |
(d) Other dealings (including subscribing for new securities)
| Class of relevant security | Â |
Nature of dealing
e.g. subscription, conversion |
 | Details |  | 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: | 25 Nov 2014 | |
| Contact name: | Rajesh Muthanna | |
| Telephone number: | 020 3555 4634 |
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 monitoring@disclosure.org.uk. The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s dealing disclosure requirements on +44 (0)20 7638 0129.
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 “Codeâ€)
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 | Call Options | Purchased | 804,139 | 5.5612 | European | 25 Nov 2014 | |||||||
| ORD | Call Options | Purchased | 804,139 | 5.6110 | European | 11 Dec 2014 | |||||||
| 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 (“CFDsâ€) 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 +44 (0)20 7638 0129.
The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.
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