-
12 May 2025 11:40:18
- Source: Sharecast
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 |
09/05/2025 |
|
(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: |
11,298,646 |
0.4219 |
-18,681,863 |
-0.6976 |
|
(2) Cash-settled derivatives: |
10,896,077 |
0.4069 |
-5,142,387 |
-0.1920 |
|
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: |
586,000 |
0.0219 |
-36,000 |
-0.0013 |
|
TOTAL: |
22,780,723 |
0.8507 |
-23,860,250 |
-0.8910 |
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 |
5.7923 GBP |
|
GB00BPQY8M80 |
Purchase |
1 |
5.8005 GBP |
|
GB00BPQY8M80 |
Purchase |
1 |
5.8042 GBP |
|
GB00BPQY8M80 |
Purchase |
1 |
5.8048 GBP |
|
GB00BPQY8M80 |
Purchase |
1 |
5.8064 GBP |
|
GB00BPQY8M80 |
Purchase |
1 |
5.8146 GBP |
|
GB00BPQY8M80 |
Purchase |
1 |
5.8400 GBP |
|
GB00BPQY8M80 |
Purchase |
2 |
5.8049 GBP |
|
GB00BPQY8M80 |
Purchase |
2 |
5.8061 GBP |
|
GB00BPQY8M80 |
Purchase |
2 |
5.8062 GBP |
|
GB00BPQY8M80 |
Purchase |
3 |
5.8036 GBP |
|
GB00BPQY8M80 |
Purchase |
3 |
5.8061 GBP |
|
GB00BPQY8M80 |
Purchase |
3 |
5.8089 GBP |
|
GB00BPQY8M80 |
Purchase |
4 |
5.7940 GBP |
|
GB00BPQY8M80 |
Purchase |
4 |
5.8001 GBP |
|
GB00BPQY8M80 |
Purchase |
5 |
5.8039 GBP |
|
GB00BPQY8M80 |
Purchase |
5 |
5.8066 GBP |
|
GB00BPQY8M80 |
Purchase |
5 |
5.8173 GBP |
|
GB00BPQY8M80 |
Purchase |
6 |
5.8386 GBP |
|
GB00BPQY8M80 |
Purchase |
8 |
5.8140 GBP |
|
GB00BPQY8M80 |
Purchase |
9 |
5.8013 GBP |
|
GB00BPQY8M80 |
Purchase |
12 |
5.8348 GBP |
|
GB00BPQY8M80 |
Purchase |
13 |
5.8151 GBP |
|
GB00BPQY8M80 |
Purchase |
19 |
5.8286 GBP |
|
GB00BPQY8M80 |
Purchase |
19 |
5.8374 GBP |
|
GB00BPQY8M80 |
Purchase |
21 |
5.8455 GBP |
|
GB00BPQY8M80 |
Purchase |
22 |
5.8230 GBP |
|
GB00BPQY8M80 |
Purchase |
23 |
5.8121 GBP |
|
GB00BPQY8M80 |
Purchase |
55 |
5.8300 GBP |
|
GB00BPQY8M80 |
Purchase |
56 |
5.8240 GBP |
|
GB00BPQY8M80 |
Purchase |
57 |
5.8220 GBP |
|
GB00BPQY8M80 |
Purchase |
61 |
5.8356 GBP |
|
GB00BPQY8M80 |
Purchase |
67 |
5.8260 GBP |
|
GB00BPQY8M80 |
Purchase |
81 |
5.8120 GBP |
|
GB00BPQY8M80 |
Purchase |
85 |
5.8220 GBP |
|
GB00BPQY8M80 |
Purchase |
93 |
5.8240 GBP |
|
GB00BPQY8M80 |
Purchase |
167 |
5.8295 GBP |
|
GB00BPQY8M80 |
Purchase |
260 |
5.8267 GBP |
|
GB00BPQY8M80 |
Purchase |
334 |
5.8340 GBP |
|
GB00BPQY8M80 |
Purchase |
358 |
5.8526 GBP |
|
GB00BPQY8M80 |
Purchase |
489 |
5.8376 GBP |
|
GB00BPQY8M80 |
Purchase |
627 |
5.8364 GBP |
|
GB00BPQY8M80 |
Purchase |
662 |
5.8100 GBP |
|
GB00BPQY8M80 |
Purchase |
673 |
5.8361 GBP |
|
GB00BPQY8M80 |
Purchase |
675 |
5.8357 GBP |
|
GB00BPQY8M80 |
Purchase |
737 |
5.7978 GBP |
|
GB00BPQY8M80 |
Purchase |
768 |
5.8366 GBP |
|
GB00BPQY8M80 |
Purchase |
919 |
5.8353 GBP |
|
GB00BPQY8M80 |
Purchase |
958 |
5.8140 GBP |
|
GB00BPQY8M80 |
Purchase |
959 |
5.8508 GBP |
|
GB00BPQY8M80 |
Purchase |
1,064 |
5.8361 GBP |
|
GB00BPQY8M80 |
Purchase |
1,085 |
5.8358 GBP |
|
GB00BPQY8M80 |
Purchase |
1,118 |
5.8357 GBP |
|
GB00BPQY8M80 |
Purchase |
1,161 |
5.8204 GBP |
|
GB00BPQY8M80 |
Purchase |
1,165 |
5.8356 GBP |
|
GB00BPQY8M80 |
Purchase |
1,356 |
5.8557 GBP |
|
GB00BPQY8M80 |
Purchase |
1,393 |
5.8564 GBP |
|
GB00BPQY8M80 |
Purchase |
1,480 |
5.8543 GBP |
|
GB00BPQY8M80 |
Purchase |
1,663 |
5.8000 GBP |
|
GB00BPQY8M80 |
Purchase |
1,732 |
5.8429 GBP |
|
GB00BPQY8M80 |
Purchase |
1,845 |
5.8438 GBP |
|
GB00BPQY8M80 |
Purchase |
1,961 |
5.8469 GBP |
|
GB00BPQY8M80 |
Purchase |
2,306 |
5.8476 GBP |
|
GB00BPQY8M80 |
Purchase |
2,360 |
5.8169 GBP |
|
GB00BPQY8M80 |
Purchase |
2,742 |
5.8557 GBP |
|
GB00BPQY8M80 |
Purchase |
3,000 |
5.8392 GBP |
|
GB00BPQY8M80 |
Purchase |
3,392 |
5.8574 GBP |
|
GB00BPQY8M80 |
Purchase |
3,783 |
5.8431 GBP |
|
GB00BPQY8M80 |
Purchase |
5,555 |
5.8341 GBP |
|
GB00BPQY8M80 |
Purchase |
6,319 |
5.8537 GBP |
|
GB00BPQY8M80 |
Purchase |
11,738 |
5.8553 GBP |
|
GB00BPQY8M80 |
Purchase |
17,482 |
5.8365 GBP |
|
GB00BPQY8M80 |
Purchase |
21,095 |
5.8340 GBP |
|
GB00BPQY8M80 |
Purchase |
22,148 |
5.8307 GBP |
|
GB00BPQY8M80 |
Purchase |
23,212 |
5.8233 GBP |
|
GB00BPQY8M80 |
Purchase |
25,916 |
5.8340 GBP |
|
GB00BPQY8M80 |
Purchase |
30,098 |
5.8341 GBP |
|
GB00BPQY8M80 |
Purchase |
33,794 |
5.8340 GBP |
|
GB00BPQY8M80 |
Purchase |
65,285 |
5.8204 GBP |
|
GB00BPQY8M80 |
Purchase |
128,902 |
5.8383 GBP |
|
GB00BPQY8M80 |
Sale |
-201,838 |
5.8340 GBP |
|
GB00BPQY8M80 |
Sale |
-194,536 |
5.8030 GBP |
|
GB00BPQY8M80 |
Sale |
-74,671 |
5.8340 GBP |
|
GB00BPQY8M80 |
Sale |
-60,376 |
5.8304 GBP |
|
GB00BPQY8M80 |
Sale |
-40,120 |
5.8210 GBP |
|
GB00BPQY8M80 |
Sale |
-29,702 |
5.8418 GBP |
|
GB00BPQY8M80 |
Sale |
-23,110 |
5.8148 GBP |
|
GB00BPQY8M80 |
Sale |
-19,720 |
5.8208 GBP |
|
GB00BPQY8M80 |
Sale |
-16,580 |
5.8493 GBP |
|
GB00BPQY8M80 |
Sale |
-15,849 |
5.8551 GBP |
|
GB00BPQY8M80 |
Sale |
-13,688 |
5.8017 GBP |
|
GB00BPQY8M80 |
Sale |
-12,049 |
5.8039 GBP |
|
GB00BPQY8M80 |
Sale |
-9,852 |
5.8340 GBP |
|
GB00BPQY8M80 |
Sale |
-9,173 |
5.8328 GBP |
|
GB00BPQY8M80 |
Sale |
-7,693 |
5.8451 GBP |
|
GB00BPQY8M80 |
Sale |
-6,610 |
5.8267 GBP |
|
GB00BPQY8M80 |
Sale |
-4,230 |
5.8340 GBP |
|
GB00BPQY8M80 |
Sale |
-3,615 |
5.8455 GBP |
|
GB00BPQY8M80 |
Sale |
-3,392 |
5.8574 GBP |
|
GB00BPQY8M80 |
Sale |
-2,853 |
5.8071 GBP |
|
GB00BPQY8M80 |
Sale |
-2,742 |
5.8557 GBP |
|
GB00BPQY8M80 |
Sale |
-2,371 |
5.8340 GBP |
|
GB00BPQY8M80 |
Sale |
-2,061 |
5.8407 GBP |
|
GB00BPQY8M80 |
Sale |
-1,961 |
5.8469 GBP |
|
GB00BPQY8M80 |
Sale |
-1,845 |
5.8438 GBP |
|
GB00BPQY8M80 |
Sale |
-1,732 |
5.8429 GBP |
|
GB00BPQY8M80 |
Sale |
-1,480 |
5.8543 GBP |
|
GB00BPQY8M80 |
Sale |
-1,452 |
5.8169 GBP |
|
GB00BPQY8M80 |
Sale |
-1,393 |
5.8564 GBP |
|
GB00BPQY8M80 |
Sale |
-1,356 |
5.8557 GBP |
|
GB00BPQY8M80 |
Sale |
-1,165 |
5.8356 GBP |
|
GB00BPQY8M80 |
Sale |
-1,118 |
5.8357 GBP |
|
GB00BPQY8M80 |
Sale |
-1,064 |
5.8361 GBP |
|
GB00BPQY8M80 |
Sale |
-959 |
5.8508 GBP |
|
GB00BPQY8M80 |
Sale |
-939 |
5.8340 GBP |
|
GB00BPQY8M80 |
Sale |
-919 |
5.8353 GBP |
|
GB00BPQY8M80 |
Sale |
-768 |
5.8366 GBP |
|
GB00BPQY8M80 |
Sale |
-675 |
5.8357 GBP |
|
GB00BPQY8M80 |
Sale |
-673 |
5.8361 GBP |
|
GB00BPQY8M80 |
Sale |
-627 |
5.8364 GBP |
|
GB00BPQY8M80 |
Sale |
-558 |
5.7999 GBP |
|
GB00BPQY8M80 |
Sale |
-515 |
5.8340 GBP |
|
GB00BPQY8M80 |
Sale |
-489 |
5.8376 GBP |
|
GB00BPQY8M80 |
Sale |
-358 |
5.8526 GBP |
|
GB00BPQY8M80 |
Sale |
-334 |
5.8380 GBP |
|
GB00BPQY8M80 |
Sale |
-250 |
5.8340 GBP |
|
GB00BPQY8M80 |
Sale |
-100 |
5.8000 GBP |
|
GB00BPQY8M80 |
Sale |
-100 |
5.8020 GBP |
|
GB00BPQY8M80 |
Sale |
-89 |
5.8040 GBP |
|
GB00BPQY8M80 |
Sale |
-61 |
5.7993 GBP |
|
GB00BPQY8M80 |
Sale |
-61 |
5.8356 GBP |
|
GB00BPQY8M80 |
Sale |
-23 |
5.8121 GBP |
|
GB00BPQY8M80 |
Sale |
-22 |
5.8230 GBP |
|
GB00BPQY8M80 |
Sale |
-21 |
5.8455 GBP |
|
GB00BPQY8M80 |
Sale |
-19 |
5.8286 GBP |
|
GB00BPQY8M80 |
Sale |
-19 |
5.8374 GBP |
|
GB00BPQY8M80 |
Sale |
-12 |
5.8348 GBP |
|
GB00BPQY8M80 |
Sale |
-9 |
5.8013 GBP |
|
GB00BPQY8M80 |
Sale |
-8 |
5.8140 GBP |
|
GB00BPQY8M80 |
Sale |
-6 |
5.8360 GBP |
|
GB00BPQY8M80 |
Sale |
-6 |
5.8386 GBP |
|
GB00BPQY8M80 |
Sale |
-5 |
5.8039 GBP |
|
GB00BPQY8M80 |
Sale |
-5 |
5.8066 GBP |
|
GB00BPQY8M80 |
Sale |
-5 |
5.8173 GBP |
|
GB00BPQY8M80 |
Sale |
-4 |
5.8001 GBP |
|
GB00BPQY8M80 |
Sale |
-3 |
5.8036 GBP |
|
GB00BPQY8M80 |
Sale |
-3 |
5.8061 GBP |
|
GB00BPQY8M80 |
Sale |
-3 |
5.8089 GBP |
|
GB00BPQY8M80 |
Sale |
-3 |
5.8340 GBP |
|
GB00BPQY8M80 |
Sale |
-2 |
5.8049 GBP |
|
GB00BPQY8M80 |
Sale |
-2 |
5.8061 GBP |
|
GB00BPQY8M80 |
Sale |
-2 |
5.8062 GBP |
|
GB00BPQY8M80 |
Sale |
-1 |
5.7923 GBP |
|
GB00BPQY8M80 |
Sale |
-1 |
5.8005 GBP |
|
GB00BPQY8M80 |
Sale |
-1 |
5.8042 GBP |
|
GB00BPQY8M80 |
Sale |
-1 |
5.8048 GBP |
|
GB00BPQY8M80 |
Sale |
-1 |
5.8064 GBP |
|
GB00BPQY8M80 |
Sale |
-1 |
5.8146 GBP |
|
GB00BPQY8M80 |
Sale |
-1 |
5.8400 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 |
Opening Short Position |
-28,015 |
5.8340 |
|
GB00BPQY8M80 |
Contract for Difference |
Opening Short Position |
-3,284 |
5.8340 |
|
GB00BPQY8M80 |
Contract for Difference |
Increasing Long Position |
8,965 |
5.8340 |
|
GB00BPQY8M80 |
Contract for Difference |
Increasing Long Position |
9,173 |
5.8340 GBP |
|
GB00BPQY8M80 |
Contract for Difference |
Increasing Short Position |
-17,238 |
5.8340 |
|
GB00BPQY8M80 |
Contract for Difference |
Increasing Short Position |
-21,348 |
5.8340 |
|
GB00BPQY8M80 |
Contract for Difference |
Increasing Short Position |
-5,455 |
5.8340 |
|
GB00BPQY8M80 |
Contract for Difference |
Increasing Short Position |
-21,095 |
5.8340 |
|
GB00BPQY8M80 |
Contract for Difference |
Increasing Short Position |
-4,778 |
5.8340 |
|
GB00BPQY8M80 |
Contract for Difference |
Reducing Long Position |
-25,916 |
5.8340 |
|
GB00BPQY8M80 |
Contract for Difference |
Reducing Long Position |
-33,856 |
5.8340 |
|
GB00BPQY8M80 |
Contract for Difference |
Reducing Short Position |
194,536 |
5.8340 |
|
GB00BPQY8M80 |
Contract for Difference |
Reducing Short Position |
100 |
5.8340 |
(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: |
12/05/2025 |
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 |
5.834 |
american |
19/12/2025 |
|
32 17/19p ordinary (GB00BPQY8M80) |
Put Option |
W |
500000 |
5.834 |
american |
18/12/2026 |
|
32 17/19p ordinary (GB00BPQY8M80) |
Put Option |
P |
-36000 |
5.834 |
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. |
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The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk |
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