Amendment - due to the amendment of Derivative transactions, the disclosure made on 21 January for dealings on 20 January has been updated. Section 2(b) has been updated
FORM 8.5 (EPT/RI)
PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY
Rule 8.5 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Name of exempt principal trader: |
(GS) GOLDMAN SACHS INTERNATIONAL |
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree |
AVIVA PLC |
(c) Name of the party to the offer with which exempt principal trader is connected: |
AVIVA PLC |
(d) Date dealing undertaken: |
20 January 2025 |
(e) In addition to the company in 1(b) above, is the exempt principal trader 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 - disclosing today for DIRECT LINE INSURANCE GROUP PLC |
2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(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 |
Purchases/ sales
|
Total number of securities |
Highest price per unit paid/received |
Lowest price per unit paid/received |
32 17/19p ordinary |
Purchases |
2,332,316 |
4.9600 GBP |
4.9245 GBP |
32 17/19p ordinary |
Sales |
2,778,816 |
4.9610 GBP |
4.9270 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 reference securities |
Price per unit |
32 17/19p ordinary |
CFD |
Reducing a short position |
577 |
4.9336 GBP |
32 17/19p ordinary |
CFD |
Increasing a long position |
1,157 |
4.9340 GBP |
32 17/19p ordinary |
CFD |
Increasing a long position |
2 |
4.9350 GBP |
32 17/19p ordinary |
CFD |
Increasing a short position |
7,584 |
4.9367 GBP |
32 17/19p ordinary |
CFD |
Increasing a short position |
3,271 |
4.9368 GBP |
32 17/19p ordinary |
CFD |
Increasing a long position |
9,051 |
4.9381 GBP |
32 17/19p ordinary |
CFD |
Reducing a long position |
182 |
4.9385 GBP |
32 17/19p ordinary |
CFD |
Reducing a long position |
681 |
4.9385 GBP |
32 17/19p ordinary |
CFD |
Reducing a long position |
19 |
4.9385 GBP |
32 17/19p ordinary |
CFD |
Reducing a long position |
43 |
4.9385 GBP |
32 17/19p ordinary |
CFD |
Reducing a long position |
45 |
4.9396 GBP |
32 17/19p ordinary |
CFD |
Reducing a long position |
109 |
4.9396 GBP |
32 17/19p ordinary |
CFD |
Reducing a long position |
5 |
4.9396 GBP |
32 17/19p ordinary |
CFD |
Reducing a long position |
11 |
4.9396 GBP |
32 17/19p ordinary |
CFD |
Reducing a long position |
17,505 |
4.9407 GBP |
32 17/19p ordinary |
CFD |
Reducing a short position |
1 |
4.9413 GBP |
32 17/19p ordinary |
CFD |
Increasing a short position |
25,335 |
4.9415 GBP |
32 17/19p ordinary |
CFD |
Reducing a short position |
9,219 |
4.9416 GBP |
32 17/19p ordinary |
CFD |
Reducing a short position |
4,026 |
4.9416 GBP |
32 17/19p ordinary |
CFD |
Increasing a long position |
28,810 |
4.9417 GBP |
32 17/19p ordinary |
CFD |
Reducing a long position |
554 |
4.9417 GBP |
32 17/19p ordinary |
CFD |
Increasing a long position |
1,745 |
4.9418 GBP |
32 17/19p ordinary |
CFD |
Opening a long position |
17,505 |
4.9420 GBP |
32 17/19p ordinary |
CFD |
Reducing a short position |
47,443 |
4.9420 GBP |
32 17/19p ordinary |
CFD |
Increasing a long position |
3,172 |
4.9420 GBP |
32 17/19p ordinary |
CFD |
Reducing a long position |
2,115 |
4.9420 GBP |
32 17/19p ordinary |
CFD |
Opening a long position |
1 |
4.9420 GBP |
32 17/19p ordinary |
CFD |
Increasing a long position |
5,100 |
4.9420 GBP |
32 17/19p ordinary |
CFD |
Increasing a short position |
123 |
4.9421 GBP |
32 17/19p ordinary |
CFD |
Increasing a long position |
798 |
4.9423 GBP |
32 17/19p ordinary |
CFD |
Increasing a long position |
678 |
4.9423 GBP |
32 17/19p ordinary |
CFD |
Increasing a long position |
459 |
4.9423 GBP |
32 17/19p ordinary |
CFD |
Increasing a long position |
16,057 |
4.9423 GBP |
32 17/19p ordinary |
CFD |
Increasing a long position |
1,020 |
4.9423 GBP |
32 17/19p ordinary |
CFD |
Increasing a long position |
9,878 |
4.9423 GBP |
32 17/19p ordinary |
CFD |
Increasing a long position |
8,086 |
4.9423 GBP |
32 17/19p ordinary |
CFD |
Increasing a long position |
482 |
4.9423 GBP |
32 17/19p ordinary |
CFD |
Increasing a long position |
1,428 |
4.9423 GBP |
32 17/19p ordinary |
CFD |
Reducing a long position |
779 |
4.9426 GBP |
32 17/19p ordinary |
CFD |
Opening a short position |
1,299 |
4.9427 GBP |
32 17/19p ordinary |
CFD |
Increasing a short position |
166,100 |
4.9442 GBP |
32 17/19p ordinary |
CFD |
Increasing a long position |
329 |
4.9444 GBP |
32 17/19p ordinary |
CFD |
Increasing a long position |
10 |
4.9444 GBP |
32 17/19p ordinary |
CFD |
Increasing a long position |
40 |
4.9444 GBP |
32 17/19p ordinary |
CFD |
Increasing a short position |
9,300 |
4.9447 GBP |
32 17/19p ordinary |
CFD |
Reducing a short position |
34,981 |
4.9448 GBP |
32 17/19p ordinary |
CFD |
Reducing a short position |
1,804 |
4.9449 GBP |
32 17/19p ordinary |
CFD |
Increasing a short position |
29,700 |
4.9450 GBP |
32 17/19p ordinary |
CFD |
Reducing a long position |
59,329 |
4.9450 GBP |
32 17/19p ordinary |
CFD |
Reducing a short position |
10,512 |
4.9450 GBP |
32 17/19p ordinary |
CFD |
Opening a long position |
5,955 |
4.9450 GBP |
32 17/19p ordinary |
CFD |
Increasing a short position |
745 |
4.9461 GBP |
32 17/19p ordinary |
CFD |
Opening a long position |
2,669 |
4.9463 GBP |
32 17/19p ordinary |
CFD |
Increasing a short position |
18,340 |
4.9467 GBP |
32 17/19p ordinary |
CFD |
Reducing a long position |
468 |
4.9468 GBP |
32 17/19p ordinary |
CFD |
Increasing a long position |
1,321 |
4.9470 GBP |
32 17/19p ordinary |
CFD |
Increasing a long position |
5,287 |
4.9470 GBP |
32 17/19p ordinary |
CFD |
Increasing a long position |
4,229 |
4.9470 GBP |
32 17/19p ordinary |
CFD |
Increasing a long position |
10,574 |
4.9470 GBP |
32 17/19p ordinary |
CFD |
Increasing a long position |
1,069 |
4.9484 GBP |
32 17/19p ordinary |
CFD |
Reducing a short position |
446 |
4.9489 GBP |
32 17/19p ordinary |
CFD |
Increasing a long position |
5,287 |
4.9491 GBP |
32 17/19p ordinary |
CFD |
Increasing a short position |
7,215 |
4.9496 GBP |
32 17/19p ordinary |
CFD |
Increasing a short position |
1,296 |
4.9497 GBP |
32 17/19p ordinary |
CFD |
Reducing a long position |
1 |
4.9500 GBP |
32 17/19p ordinary |
CFD |
Increasing a long position |
19,062 |
4.9507 GBP |
32 17/19p ordinary |
CFD |
Opening a short position |
1 |
4.9510 GBP |
32 17/19p ordinary |
CFD |
Reducing a long position |
96 |
4.9518 GBP |
32 17/19p ordinary |
CFD |
Reducing a short position |
20 |
4.9534 GBP |
32 17/19p ordinary |
CFD |
Reducing a long position |
26 |
4.9550 GBP |
32 17/19p ordinary |
CFD |
Reducing a short position |
97 |
4.9550 GBP |
32 17/19p ordinary |
CFD |
Reducing a long position |
62 |
4.9550 GBP |
32 17/19p ordinary |
CFD |
Reducing a long position |
3 |
4.9550 GBP |
32 17/19p ordinary |
CFD |
Reducing a long position |
6 |
4.9550 GBP |
32 17/19p ordinary |
CFD |
Opening a short position |
165,799 |
4.9562 GBP |
32 17/19p ordinary |
CFD |
Opening a short position |
26,289 |
4.9562 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 |
|
|
|
|
|
|
|
|
(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) |
|
|
|
|
3. 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: Irrevocable commitments and letters of intent should not be included. 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
|
Date of disclosure: |
23 January 2025 |
Contact name: |
Papa Lette and Andrzej Szyszka |
Telephone number: |
+33(1) 4212 1459 / +48(22) 317 4817 |
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 +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.