Form 8.3 - Aviva plc.


    28 April 2025 23:06:50
  • Source: Sharecast
RNS Number : 4715G
BNP Paribas London
28 April 2025
 

FORM 8.3

 

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

25/04/2025

(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

If YES, specify which:

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:

11,505,787

0.4296

-21,561,490

-0.8051

(2) Cash-settled derivatives:

13,458,176

0.5026

-6,010,855

-0.2245

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

586,000

0.0219

-36,000

-0.0013

TOTAL:

25,549,963

0.9541

-27,608,345

-1.0309

 

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

5

5.3876 GBP

GB00BPQY8M80

Purchase

17

5.3842 GBP

GB00BPQY8M80

Purchase

20

5.3820 GBP

GB00BPQY8M80

Purchase

21

5.4380 GBP

GB00BPQY8M80

Purchase

405

5.3933 GBP

GB00BPQY8M80

Purchase

464

5.4380 GBP

GB00BPQY8M80

Purchase

988

5.4019 GBP

GB00BPQY8M80

Purchase

1,046

5.4193 GBP

GB00BPQY8M80

Purchase

1,263

5.3900 GBP

GB00BPQY8M80

Purchase

2,039

5.4120 GBP

GB00BPQY8M80

Purchase

2,117

5.4380 GBP

GB00BPQY8M80

Purchase

2,145

5.4112 GBP

GB00BPQY8M80

Purchase

2,178

5.4130 GBP

GB00BPQY8M80

Purchase

2,867

5.4380 GBP

GB00BPQY8M80

Purchase

4,845

5.4122 GBP

GB00BPQY8M80

Purchase

5,753

5.4140 GBP

GB00BPQY8M80

Purchase

7,255

5.3924 GBP

GB00BPQY8M80

Purchase

7,371

5.4344 GBP

GB00BPQY8M80

Purchase

7,737

5.4139 GBP

GB00BPQY8M80

Purchase

9,457

5.4380 GBP

GB00BPQY8M80

Purchase

9,641

5.4129 GBP

GB00BPQY8M80

Purchase

13,796

5.4380 GBP

GB00BPQY8M80

Purchase

14,000

5.3840 GBP

GB00BPQY8M80

Purchase

14,397

5.3942 GBP

GB00BPQY8M80

Purchase

14,416

5.4000 GBP

GB00BPQY8M80

Purchase

15,069

5.4206 GBP

GB00BPQY8M80

Purchase

15,332

5.4000 GBP

GB00BPQY8M80

Purchase

22,619

5.4162 GBP

GB00BPQY8M80

Purchase

23,646

5.3780 GBP

GB00BPQY8M80

Purchase

25,527

5.4000 GBP

GB00BPQY8M80

Purchase

27,194

5.4157 GBP

GB00BPQY8M80

Purchase

241,197

5.3856 GBP

GB00BPQY8M80

Purchase

1,180,454

5.4265 GBP

GB00BPQY8M80

Sale

-642,427

5.4249 GBP

GB00BPQY8M80

Sale

-351,411

5.4249 GBP

GB00BPQY8M80

Sale

-253,385

5.3825 GBP

GB00BPQY8M80

Sale

-165,881

5.4249 GBP

GB00BPQY8M80

Sale

-41,805

5.4249 GBP

GB00BPQY8M80

Sale

-21,514

5.4378 GBP

GB00BPQY8M80

Sale

-15,178

5.4249 GBP

GB00BPQY8M80

Sale

-14,299

5.4249 GBP

GB00BPQY8M80

Sale

-14,000

5.3840 GBP

GB00BPQY8M80

Sale

-13,796

5.4380 GBP

GB00BPQY8M80

Sale

-11,500

5.4380 GBP

GB00BPQY8M80

Sale

-10,474

5.4380 GBP

GB00BPQY8M80

Sale

-9,658

5.4249 GBP

GB00BPQY8M80

Sale

-7,881

5.4176 GBP

GB00BPQY8M80

Sale

-7,032

5.4249 GBP

GB00BPQY8M80

Sale

-4,339

5.4049 GBP

GB00BPQY8M80

Sale

-3,435

5.4147 GBP

GB00BPQY8M80

Sale

-2,309

5.4249 GBP

GB00BPQY8M80

Sale

-2,117

5.4260 GBP

GB00BPQY8M80

Sale

-1,037

5.4139 GBP

GB00BPQY8M80

Sale

-763

5.3980 GBP

GB00BPQY8M80

Sale

-740

5.3951 GBP

GB00BPQY8M80

Sale

-490

5.3987 GBP

GB00BPQY8M80

Sale

-472

5.4380 GBP

GB00BPQY8M80

Sale

-464

5.4380 GBP

GB00BPQY8M80

Sale

-239

5.4080 GBP

GB00BPQY8M80

Sale

-20

5.3820 GBP

GB00BPQY8M80

Sale

-17

5.3842 GBP

GB00BPQY8M80

Sale

-5

5.3876 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

GB00BPQY8M80

Contract for Difference

Closing Long Position

-8,805

5.4380

GB00BPQY8M80

Contract for Difference

Closing Long Position

-841

5.4380

GB00BPQY8M80

Contract for Difference

Increasing Short Position

-666

5.4380

GB00BPQY8M80

Contract for Difference

Increasing Short Position

-33,042

5.4380

GB00BPQY8M80

Contract for Difference

Increasing Short Position

-840

5.4380

GB00BPQY8M80

Contract for Difference

Reducing Long Position

-1,070

5.4380

GB00BPQY8M80

Contract for Difference

Reducing Long Position

-12,572

5.4380

GB00BPQY8M80

Contract for Difference

Reducing Short Position

1,543

5.4380

GB00BPQY8M80

Contract for Difference

Reducing Short Position

943

5.4380

 

(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)

 

 

 

 

 

 

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)        Agreements, arrangements or understandings relating to options or derivatives

 

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:

28/04/2025

Contact name:

Compliance Control Room

Telephone number*:

0207 595 9695

 

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.

 

*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.

 

 

DETAILS OF OPEN STOCK-SETTLED DERIVATIVE (INCLUDING OPTION) POSITIONS,

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

5.438

american

19/12/2025

32 17/19p ordinary (GB00BPQY8M80)

Put Option

W

500000

5.438

american

18/12/2026

32 17/19p ordinary (GB00BPQY8M80)

Put Option

P

-36000

5.438

american

20/03/2026

 

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 +44 (0)20 7638 0129.


 

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


 

 

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