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 (“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:		8 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:		8,792,901		0.30%		5,727,357		0.19%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		5,045,637		0.17%		6,400,727		0.22%
Â		Â		Â		Â		Â		Â
(3)		Options and agreements to
		purchase/sell:		1,184,139		0.04%		0		0.00%
Â		Â		Â		Â		Â		Â
											Â
		TOTAL:		15,022,677		0.51%		12,128,084		0.41%

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		728		5.0925 GBP
ORD		Purchase		746		5.0699 GBP
ORD		Purchase		810		5.0550 GBP
ORD		Purchase		1,471		5.0723 GBP
ORD		Purchase		1,788		5.0775 GBP
ORD		Purchase		2,087		5.0792 GBP
ORD		Purchase		3,544		5.0800 GBP
ORD		Purchase		3,837		5.0525 GBP
ORD		Purchase		3,937		5.0950 GBP
ORD		Purchase		4,102		5.0649 GBP
ORD		Purchase		7,087		5.0725 GBP
ORD		Purchase		7,280		5.0752 GBP
ORD		Purchase		9,169		5.0696 GBP
ORD		Purchase		9,427		5.0875 GBP
ORD		Purchase		11,836		5.0715 GBP
ORD		Purchase		13,440		5.0825 GBP
ORD		Purchase		16,228		5.0575 GBP
ORD		Purchase		16,515		5.0750 GBP
ORD		Purchase		20,036		5.0668 GBP
ORD		Purchase		20,111		5.0686 GBP
ORD		Purchase		22,891		5.0790 GBP
ORD		Purchase		26,295		5.0900 GBP
ORD		Purchase		37,511		5.0625 GBP
ORD		Purchase		44,513		5.0650 GBP
ORD		Purchase		44,556		5.0672 GBP
ORD		Purchase		47,194		5.0694 GBP
ORD		Purchase		57,444		5.0700 GBP
ORD		Purchase		65,597		5.0850 GBP
ORD		Purchase		70,209		5.0675 GBP
ORD		Purchase		71,662		5.0709 GBP
ORD		Purchase		82,630		5.0600 GBP
ORD		Purchase		103,280		5.0644 GBP
ORD		Purchase		127,568		5.0724 GBP
ORD		Purchase		255,269		5.0720 GBP
ORD		Purchase		307,407		5.0691 GBP
ORD		Purchase		500,000		5.0850 GBP
ORD		Sale		115		5.0759 GBP
ORD		Sale		228		5.0761 GBP
ORD		Sale		728		5.0925 GBP
ORD		Sale		810		5.0550 GBP
ORD		Sale		1,788		5.0775 GBP
ORD		Sale		3,544		5.0800 GBP
ORD		Sale		3,837		5.0525 GBP
ORD		Sale		3,937		5.0950 GBP
ORD		Sale		4,566		5.0670 GBP
ORD		Sale		7,087		5.0725 GBP
ORD		Sale		11,501		5.0730 GBP
ORD		Sale		13,440		5.0825 GBP
ORD		Sale		13,461		5.0764 GBP
ORD		Sale		14,126		5.0782 GBP
ORD		Sale		15,944		5.0839 GBP
ORD		Sale		16,228		5.0575 GBP
ORD		Sale		16,484		5.0838 GBP
ORD		Sale		16,515		5.0750 GBP
ORD		Sale		16,819		5.0828 GBP
ORD		Sale		17,141		5.0830 GBP
ORD		Sale		17,263		5.0667 GBP
ORD		Sale		17,898		5.0658 GBP
ORD		Sale		22,100		5.0690 GBP
ORD		Sale		22,726		5.0862 GBP
ORD		Sale		25,023		5.0875 GBP
ORD		Sale		26,295		5.0900 GBP
ORD		Sale		31,868		5.0860 GBP
ORD		Sale		32,419		5.0835 GBP
ORD		Sale		33,273		5.0600 GBP
ORD		Sale		44,513		5.0650 GBP
ORD		Sale		49,036		5.0640 GBP
ORD		Sale		51,039		5.0700 GBP
ORD		Sale		58,300		5.0687 GBP
ORD		Sale		65,597		5.0850 GBP
ORD		Sale		66,725		5.0625 GBP
ORD		Sale		70,209		5.0675 GBP
ORD		Sale		104,204		5.0721 GBP
ADR		Purchase		2,800		15.9203 USD
ADR		Purchase		8,081		15.7744 USD
ADR		Sale		2,800		15.9203 USD
ADR		Sale		8,081		15.7744 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		4,800		5.0628 GBP
ORD		CFD		Long		5,913		5.0611 GBP
ORD		CFD		Long		13,461		5.0764 GBP
ORD		SWAP		Long		13,802		5.0679 GBP
ORD		SWAP		Long		14,200		5.0753 GBP
ORD		SWAP		Long		40,388		5.0659 GBP
ORD		CFD		Short		1,302		5.0757 GBP
ORD		SWAP		Short		1,471		5.0723 GBP
ORD		CFD		Short		2,800		5.0598 GBP
ORD		CFD		Short		5,600		5.0854 GBP
ORD		CFD		Short		6,157		5.0763 GBP
ORD		CFD		Short		7,178		5.0738 GBP
ORD		CFD		Short		9,169		5.0696 GBP
ORD		CFD		Short		9,621		5.0675 GBP
ORD		CFD		Short		11,836		5.0715 GBP
ORD		CFD		Short		13,879		5.0625 GBP
ORD		SWAP		Short		41,341		5.0677 GBP
ORD		CFD		Short		47,194		5.0694 GBP
ORD		SWAP		Short		64,486		5.0699 GBP
ORD		CFD		Short		77,633		5.0743 GBP
ORD		CFD		Short		575,742		5.0707 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:		9 Dec 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 [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

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 (“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.