Form 8.3 - Aviva plc

BNP Paribas London

02 December 2024

 

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)  Full name of discloser:	BNP Paribas SA
(b)  Owner or controller of interests and short positions disclosed, if different from 1(a):        The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
(c)  Name of offeror/offeree in relation to whose relevant securities this form relates:        Use a separate form for each offeror/offeree	Aviva plc
(d)  If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
(e)  Date position held/dealing undertaken:        For an opening position disclosure, state the latest practicable date prior to the disclosure	29/11/2024
(f)  In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?        If it is a cash offer or possible cash offer, state "N/A"	Yes: Direct Line Insurance Group plc

2.

POSITIONS OF THE PERSON MAKING THE DISCLOSURE

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.

(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:

GB00BPQY8M80 (32 17/19p ordinary)

Interests

Short Positions

	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	112,145,242	4.19	-113,858,435	-4.25
(2) Cash-settled derivatives:	4,394,173	.16	-14,186,508	-.53
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	590,000	.02	-44,000	-.00
TOTAL:	117,129,415	4.38	-128,088,943	-4.78

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), 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 employee options)

Class of relevant security in relation to which subscription right exists:
Details, including nature of the rights concerned and relevant percentages:

3.

DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

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.

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

(a)

Purchases and sales

Class of relevant security	Purchase/sale	Number of securities	Price per unit
GB00BPQY8M80	Purchase	1	4.8370 GBP
GB00BPQY8M80	Purchase	5	4.8370 GBP
GB00BPQY8M80	Purchase	16	4.8370 GBP
GB00BPQY8M80	Purchase	31	4.8370 GBP
GB00BPQY8M80	Purchase	46	4.8370 GBP
GB00BPQY8M80	Purchase	108	4.8370 GBP
GB00BPQY8M80	Purchase	179	4.8370 GBP
GB00BPQY8M80	Purchase	298	4.8370 GBP
GB00BPQY8M80	Purchase	519	4.8370 GBP
GB00BPQY8M80	Purchase	934	4.8370 GBP
GB00BPQY8M80	Purchase	2,458	4.8370 GBP
GB00BPQY8M80	Purchase	2,721	4.8370 GBP
GB00BPQY8M80	Purchase	2,998	4.8370 GBP
GB00BPQY8M80	Purchase	3,648	4.8370 GBP
GB00BPQY8M80	Purchase	3,925	4.8370 GBP
GB00BPQY8M80	Purchase	4,070	4.8370 GBP
GB00BPQY8M80	Purchase	4,201	4.8370 GBP
GB00BPQY8M80	Purchase	4,623	4.8370 GBP
GB00BPQY8M80	Purchase	5,439	4.8370 GBP
GB00BPQY8M80	Purchase	6,131	4.8370 GBP
GB00BPQY8M80	Purchase	7,427	4.8370 GBP
GB00BPQY8M80	Purchase	9,552	4.8370 GBP
GB00BPQY8M80	Purchase	18,800	4.8370 GBP
GB00BPQY8M80	Purchase	26,080	4.8370 GBP
GB00BPQY8M80	Purchase	26,650	4.8370 GBP
GB00BPQY8M80	Purchase	41,231	4.8370 GBP
GB00BPQY8M80	Purchase	50,483	4.8370 GBP
GB00BPQY8M80	Purchase	50,600	4.8370 GBP
GB00BPQY8M80	Purchase	61,743	4.8370 GBP
GB00BPQY8M80	Purchase	61,894	4.8370 GBP
GB00BPQY8M80	Purchase	61,894	4.8370 GBP
GB00BPQY8M80	Purchase	64,548	4.8370 GBP
GB00BPQY8M80	Purchase	65,660	4.8370 GBP
GB00BPQY8M80	Purchase	77,713	4.8370 GBP
GB00BPQY8M80	Purchase	102,243	4.8370 GBP
GB00BPQY8M80	Purchase	131,699	4.8370 GBP
GB00BPQY8M80	Purchase	172,483	4.8370 GBP
GB00BPQY8M80	Purchase	187,710	4.8370 GBP
GB00BPQY8M80	Purchase	202,493	4.8370 GBP
GB00BPQY8M80	Purchase	231,267	4.8370 GBP
GB00BPQY8M80	Purchase	294,379	4.8370 GBP
GB00BPQY8M80	Purchase	339,158	4.8370 GBP
GB00BPQY8M80	Purchase	348,131	4.8370 GBP
GB00BPQY8M80	Purchase	355,044	4.8370 GBP
GB00BPQY8M80	Purchase	435,219	4.8370 GBP
GB00BPQY8M80	Purchase	488,243	4.8370 GBP
GB00BPQY8M80	Purchase	545,000	4.8370 GBP
GB00BPQY8M80	Purchase	549,548	4.8370 GBP
GB00BPQY8M80	Purchase	587,754	4.8370 GBP
GB00BPQY8M80	Purchase	649,780	4.8370 GBP
GB00BPQY8M80	Purchase	877,248	4.8370 GBP
GB00BPQY8M80	Purchase	900,000	4.8370 GBP
GB00BPQY8M80	Purchase	978,851	4.8370 GBP
GB00BPQY8M80	Purchase	1,019,346	4.8370 GBP
GB00BPQY8M80	Purchase	1,039,466	4.8370 GBP
GB00BPQY8M80	Purchase	1,086,659	4.8370 GBP
GB00BPQY8M80	Purchase	1,093,000	4.8370 GBP
GB00BPQY8M80	Purchase	1,210,660	4.8370 GBP
GB00BPQY8M80	Purchase	1,226,640	4.8370 GBP
GB00BPQY8M80	Purchase	1,264,996	4.8370 GBP
GB00BPQY8M80	Purchase	1,391,730	4.8370 GBP
GB00BPQY8M80	Purchase	1,435,255	4.8370 GBP
GB00BPQY8M80	Purchase	1,437,489	4.8370 GBP
GB00BPQY8M80	Purchase	1,463,996	4.8370 GBP
GB00BPQY8M80	Purchase	1,463,996	4.8370 GBP
GB00BPQY8M80	Purchase	1,520,001	4.8370 GBP
GB00BPQY8M80	Purchase	1,523,424	4.8370 GBP
GB00BPQY8M80	Purchase	1,564,592	4.8370 GBP
GB00BPQY8M80	Purchase	1,620,830	4.8370 GBP
GB00BPQY8M80	Purchase	2,037,527	4.8370 GBP
GB00BPQY8M80	Purchase	2,174,000	4.8370 GBP
GB00BPQY8M80	Purchase	2,215,211	4.8370 GBP
GB00BPQY8M80	Purchase	2,295,659	4.8370 GBP
GB00BPQY8M80	Purchase	2,396,000	4.8370 GBP
GB00BPQY8M80	Purchase	4,210,293	4.8370 GBP
GB00BPQY8M80	Purchase	4,487,182	4.8370 GBP
GB00BPQY8M80	Purchase	4,857,223	4.8370 GBP
GB00BPQY8M80	Purchase	5,098,137	4.8370 GBP
GB00BPQY8M80	Purchase	5,189,275	4.8370 GBP
GB00BPQY8M80	Purchase	5,200,000	4.8370 GBP
GB00BPQY8M80	Purchase	7,462,468	4.8370 GBP
GB00BPQY8M80	Purchase	10,515,605	4.8370 GBP
GB00BPQY8M80	Purchase	10,755,101	4.8370 GBP
GB00BPQY8M80	Purchase	12,846,605	4.8370 GBP
GB00BPQY8M80	Sale	-10,755,101	4.8370 GBP
GB00BPQY8M80	Sale	-10,546,605	4.8370 GBP
GB00BPQY8M80	Sale	-10,515,605	4.8370 GBP
GB00BPQY8M80	Sale	-7,039,107	4.8370 GBP
GB00BPQY8M80	Sale	-5,200,000	4.8370 GBP
GB00BPQY8M80	Sale	-5,189,275	4.8370 GBP
GB00BPQY8M80	Sale	-5,147,325	4.8370 GBP
GB00BPQY8M80	Sale	-4,857,223	4.8370 GBP
GB00BPQY8M80	Sale	-4,487,182	4.8370 GBP
GB00BPQY8M80	Sale	-4,312,345	4.8370 GBP
GB00BPQY8M80	Sale	-4,210,293	4.8370 GBP
GB00BPQY8M80	Sale	-4,116,921	4.8370 GBP
GB00BPQY8M80	Sale	-3,077,762	4.8370 GBP
GB00BPQY8M80	Sale	-2,396,000	4.8370 GBP
GB00BPQY8M80	Sale	-2,336,937	4.8370 GBP
GB00BPQY8M80	Sale	-2,295,659	4.8370 GBP
GB00BPQY8M80	Sale	-2,174,000	4.8370 GBP
GB00BPQY8M80	Sale	-2,037,527	4.8370 GBP
GB00BPQY8M80	Sale	-1,986,696	4.8370 GBP
GB00BPQY8M80	Sale	-1,968,296	4.8370 GBP
GB00BPQY8M80	Sale	-1,463,996	4.8370 GBP
GB00BPQY8M80	Sale	-1,463,996	4.8370 GBP
GB00BPQY8M80	Sale	-1,435,255	4.8370 GBP
GB00BPQY8M80	Sale	-1,400,000	4.8370 GBP
GB00BPQY8M80	Sale	-1,387,239	4.8370 GBP
GB00BPQY8M80	Sale	-1,264,996	4.8370 GBP
GB00BPQY8M80	Sale	-1,093,000	4.8370 GBP
GB00BPQY8M80	Sale	-1,086,659	4.8370 GBP
GB00BPQY8M80	Sale	-988,828	4.8370 GBP
GB00BPQY8M80	Sale	-978,851	4.8370 GBP
GB00BPQY8M80	Sale	-900,000	4.8370 GBP
GB00BPQY8M80	Sale	-739,125	4.8370 GBP
GB00BPQY8M80	Sale	-633,136	4.8370 GBP
GB00BPQY8M80	Sale	-584,000	4.8370 GBP
GB00BPQY8M80	Sale	-553,500	4.8370 GBP
GB00BPQY8M80	Sale	-448,026	4.8370 GBP
GB00BPQY8M80	Sale	-440,000	4.8370 GBP
GB00BPQY8M80	Sale	-435,219	4.8370 GBP
GB00BPQY8M80	Sale	-267,000	4.8370 GBP
GB00BPQY8M80	Sale	-188,532	4.8370 GBP
GB00BPQY8M80	Sale	-172,483	4.8370 GBP
GB00BPQY8M80	Sale	-167,666	4.8370 GBP
GB00BPQY8M80	Sale	-121,116	4.8370 GBP
GB00BPQY8M80	Sale	-116,303	4.8370 GBP
GB00BPQY8M80	Sale	-94,340	4.8370 GBP
GB00BPQY8M80	Sale	-83,626	4.8370 GBP
GB00BPQY8M80	Sale	-73,000	4.8370 GBP
GB00BPQY8M80	Sale	-61,894	4.8370 GBP
GB00BPQY8M80	Sale	-58,096	4.8370 GBP
GB00BPQY8M80	Sale	-52,871	4.8370 GBP
GB00BPQY8M80	Sale	-49,500	4.8370 GBP
GB00BPQY8M80	Sale	-46,841	4.8370 GBP
GB00BPQY8M80	Sale	-43,446	4.8370 GBP
GB00BPQY8M80	Sale	-39,000	4.8370 GBP
GB00BPQY8M80	Sale	-38,110	4.8370 GBP
GB00BPQY8M80	Sale	-32,126	4.8370 GBP
GB00BPQY8M80	Sale	-31,344	4.8370 GBP
GB00BPQY8M80	Sale	-21,195	4.8370 GBP
GB00BPQY8M80	Sale	-20,945	4.8370 GBP
GB00BPQY8M80	Sale	-20,475	4.8370 GBP
GB00BPQY8M80	Sale	-19,675	4.8370 GBP
GB00BPQY8M80	Sale	-16,095	4.8370 GBP
GB00BPQY8M80	Sale	-11,546	4.8370 GBP
GB00BPQY8M80	Sale	-8,740	4.8370 GBP
GB00BPQY8M80	Sale	-8,400	4.8370 GBP
GB00BPQY8M80	Sale	-6,693	4.8370 GBP
GB00BPQY8M80	Sale	-5,984	4.8370 GBP
GB00BPQY8M80	Sale	-5,080	4.8370 GBP
GB00BPQY8M80	Sale	-4,250	4.8370 GBP
GB00BPQY8M80	Sale	-3,946	4.8370 GBP
GB00BPQY8M80	Sale	-3,600	4.8370 GBP
GB00BPQY8M80	Sale	-3,528	4.8370 GBP
GB00BPQY8M80	Sale	-3,429	4.8370 GBP
GB00BPQY8M80	Sale	-2,998	4.8370 GBP
GB00BPQY8M80	Sale	-2,024	4.8370 GBP
GB00BPQY8M80	Sale	-1,488	4.8370 GBP
GB00BPQY8M80	Sale	-1,332	4.8370 GBP
GB00BPQY8M80	Sale	-1,093	4.8370 GBP
GB00BPQY8M80	Sale	-1,071	4.8370 GBP
GB00BPQY8M80	Sale	-758	4.8370 GBP
GB00BPQY8M80	Sale	-419	4.8370 GBP
GB00BPQY8M80	Sale	-312	4.8370 GBP
GB00BPQY8M80	Sale	-176	4.8370 GBP
GB00BPQY8M80	Sale	-144	4.8370 GBP
GB00BPQY8M80	Sale	-44	4.8370 GBP
GB00BPQY8M80	Sale	-9	4.8370 GBP
GB00BPQY8M80	Sale	-4	4.8370 GBP
GB00BPQY8M80	Sale	-2	4.8370 GBP
GB00BPQY8M80	Sale	-1	4.8370 GBP

(b)

Cash-settled derivative transactions

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position increasing/reducing a long/short position	Number of references securities	Price per unit
GB00BPQY8M80	Contract for Difference	Opening Long Position	14,869	4.8370 GBP
GB00BPQY8M80	Contract for Difference	Opening Long Position	21,452	4.8370 GBP
GB00BPQY8M80	Contract for Difference	Opening Long Position	308,574	4.8370
GB00BPQY8M80	Contract for Difference	Opening Long Position	28,908	4.8370
GB00BPQY8M80	Contract for Difference	Opening Long Position	505,476	4.8370 GBP
GB00BPQY8M80	Contract for Difference	Opening Long Position	2,185	4.8370
GB00BPQY8M80	Contract for Difference	Opening Long Position	121,116	4.8370 GBP
GB00BPQY8M80	Contract for Difference	Opening Long Position	83,626	4.8370 GBP
GB00BPQY8M80	Contract for Difference	Opening Long Position	1,909,838	4.8370 GBP
GB00BPQY8M80	Contract for Difference	Opening Long Position	58,458	4.8370 GBP
GB00BPQY8M80	Contract for Difference	Opening Short Position	-13,123	4.8370 GBP
GB00BPQY8M80	Contract for Difference	Opening Short Position	-214,221	4.8370 GBP
GB00BPQY8M80	Contract for Difference	Opening Short Position	-1,732,056	4.8370 GBP
GB00BPQY8M80	Contract for Difference	Opening Short Position	-239,339	4.8370 GBP
GB00BPQY8M80	Contract for Difference	Opening Short Position	-259,429	4.8370 GBP
GB00BPQY8M80	Contract for Difference	Opening Short Position	-2,480,535	4.8370 GBP
GB00BPQY8M80	Contract for Difference	Opening Short Position	-27,572	4.8370 GBP
GB00BPQY8M80	Contract for Difference	Opening Short Position	-307,819	4.8370 GBP
GB00BPQY8M80	Contract for Difference	Opening Short Position	-260,723	4.8370 GBP
GB00BPQY8M80	Contract for Difference	Opening Short Position	-148,640	4.8370
GB00BPQY8M80	Contract for Difference	Opening Short Position	-20,407	4.8370 GBP
GB00BPQY8M80	Contract for Difference	Opening Short Position	-5,439	4.8370 GBP
GB00BPQY8M80	Contract for Difference	Opening Short Position	-1,199,243	4.8370 GBP
GB00BPQY8M80	Contract for Difference	Opening Short Position	-17,890	4.8370 GBP
GB00BPQY8M80	Contract for Difference	Opening Short Position	-23,508	4.8370 GBP
GB00BPQY8M80	Contract for Difference	Opening Short Position	-27,095	4.8370 GBP
GB00BPQY8M80	Contract for Difference	Opening Short Position	-929,376	4.8370 GBP
GB00BPQY8M80	Contract for Difference	Opening Short Position	-326,653	4.8370 GBP
GB00BPQY8M80	Contract for Difference	Opening Short Position	-105,760	4.8370 GBP
GB00BPQY8M80	Contract for Difference	Opening Short Position	-760,237	4.8370 GBP
GB00BPQY8M80	Contract for Difference	Opening Short Position	-806,554	4.8370 GBP
GB00BPQY8M80	Contract for Difference	Opening Short Position	-630,935	4.8370 GBP
GB00BPQY8M80	Contract for Difference	Opening Short Position	-6,131	4.8370 GBP
GB00BPQY8M80	Contract for Difference	Opening Short Position	-2,215,211	4.8370 GBP
GB00BPQY8M80	Contract for Difference	Opening Short Position	-348,131	4.8370 GBP
GB00BPQY8M80	Contract for Difference	Opening Short Position	-622,497	4.8370
GB00BPQY8M80	Contract for Difference	Opening Short Position	-132,336	4.8370 GBP

(c)

Stock-settled derivative transactions (including options)

(i)

Writing, selling, purchasing or varying

Class of relevant security	Product description e.g. call option	Writing, purchasing, selling, varying etc.	Number of securities to which option relates	Exercise price per unit	Type e.g. American European etc.	Expiry date	Option money paid/ received per unit
GB00BPQY8M80	Short Put Option	Increasing Long Position	400,000	4.8370 GBP	american	20/12/2024
GB00BPQY8M80	Long Call Option	Increasing Long Position	86,000	4.8370 GBP	american	19/12/2025
GB00BPQY8M80	Long Call Option	Increasing Long Position	104,000	4.8370 GBP	american	20/12/2024
GB00BPQY8M80	Long Put Option	Reducing Long Position	-44,000	4.8370 GBP	american	20/12/2024

(ii)

Exercise

Class of relevant security	Product description e.g. call option	Exercising/ exercised against	Number of securities	Exercise price per unit

(d)

Other dealings (including subscribing for new securities)

Class of relevant security	Nature of dealing e.g. subscription, conversion	Details	Price per unit (if applicable)

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: Irrevocable commitments and letters of intent should not be included.  If there are no such agreements, arrangements or understandings, state "none"

None

(b)

Indemnity and other dealing arrangements

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

(c)

Attachments

Is a supplemental Form 8 (Open Positions) attached?

Yes

Date of Disclosure:	02/12/2024
Contact Name	Compliance Control Room
Telephone Number:

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

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

*If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel's Market Surveillance Unit.

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

AGREEMENTS TO PURCHASE OR SELL ETC.

Note 5(i) on Rule 8 of the Takeover Code (the "Code")

1.

KEY INFORMATION

Full name of person making disclosure:	BNP Paribas SA
Name of offeror/offeree in relation to whose  relevant securities the disclosure relates:	Aviva plc

2.

STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)

Class of relevant security	Product description e.g. call option	Written or purchased	Number of securities to which option or derivative relates	Exercise price per unit	Type e.g. American, European etc.	Expiry date
32 17/19p ordinary (GB00BPQY8M80)	Call Option	P	86000	4.837	american	19/12/2025
32 17/19p ordinary (GB00BPQY8M80)	Put Option	W	400000	4.837	american	20/12/2024
32 17/19p ordinary (GB00BPQY8M80)	Put Option	P	-44000	4.837	american	20/12/2024
32 17/19p ordinary (GB00BPQY8M80)	Call Option	P	104000	4.837	american	20/12/2024

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 cash-settled derivatives.

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 disclosure requirements on [phone].

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

 

END