Form 8.3 - Aviva PLC.


    27 June 2025 13:14:18
  • Source: Sharecast
RNS Number : 8021O
BNP Paribas London
27 June 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

26/06/2025

(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:

9,275,061

0.3462

-32,177,115

-1.2012

(2) Cash-settled derivatives:

13,447,293

0.5020

-4,027,922

-0.1504

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

586,000

0.0219

-36,000

-0.0013

TOTAL:

23,308,354

0.8701

-36,241,037

-1.3529

 

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

6

6.2165 GBP

GB00BPQY8M80

Purchase

13

6.2249 GBP

GB00BPQY8M80

Purchase

17

6.2252 GBP

GB00BPQY8M80

Purchase

20

6.2220 GBP

GB00BPQY8M80

Purchase

21

6.2000 GBP

GB00BPQY8M80

Purchase

22

6.2264 GBP

GB00BPQY8M80

Purchase

23

6.2292 GBP

GB00BPQY8M80

Purchase

32

6.2288 GBP

GB00BPQY8M80

Purchase

32

6.2423 GBP

GB00BPQY8M80

Purchase

35

6.2029 GBP

GB00BPQY8M80

Purchase

37

6.2187 GBP

GB00BPQY8M80

Purchase

45

6.2088 GBP

GB00BPQY8M80

Purchase

52

6.2003 GBP

GB00BPQY8M80

Purchase

72

6.2000 GBP

GB00BPQY8M80

Purchase

72

6.2000 GBP

GB00BPQY8M80

Purchase

80

6.2019 GBP

GB00BPQY8M80

Purchase

80

6.2244 GBP

GB00BPQY8M80

Purchase

99

6.2328 GBP

GB00BPQY8M80

Purchase

102

6.2000 GBP

GB00BPQY8M80

Purchase

107

6.2179 GBP

GB00BPQY8M80

Purchase

129

6.2294 GBP

GB00BPQY8M80

Purchase

133

6.2180 GBP

GB00BPQY8M80

Purchase

145

6.2220 GBP

GB00BPQY8M80

Purchase

198

6.2254 GBP

GB00BPQY8M80

Purchase

206

6.2059 GBP

GB00BPQY8M80

Purchase

256

6.2337 GBP

GB00BPQY8M80

Purchase

275

6.2443 GBP

GB00BPQY8M80

Purchase

302

6.2213 GBP

GB00BPQY8M80

Purchase

323

6.2227 GBP

GB00BPQY8M80

Purchase

329

6.2248 GBP

GB00BPQY8M80

Purchase

351

6.2080 GBP

GB00BPQY8M80

Purchase

363

6.2431 GBP

GB00BPQY8M80

Purchase

365

6.2240 GBP

GB00BPQY8M80

Purchase

369

6.2049 GBP

GB00BPQY8M80

Purchase

376

6.2307 GBP

GB00BPQY8M80

Purchase

385

6.2268 GBP

GB00BPQY8M80

Purchase

385

6.2275 GBP

GB00BPQY8M80

Purchase

429

6.2319 GBP

GB00BPQY8M80

Purchase

440

6.2412 GBP

GB00BPQY8M80

Purchase

444

6.2387 GBP

GB00BPQY8M80

Purchase

446

6.2309 GBP

GB00BPQY8M80

Purchase

450

6.2335 GBP

GB00BPQY8M80

Purchase

451

6.2341 GBP

GB00BPQY8M80

Purchase

456

6.2325 GBP

GB00BPQY8M80

Purchase

464

6.2153 GBP

GB00BPQY8M80

Purchase

467

6.2303 GBP

GB00BPQY8M80

Purchase

471

6.2168 GBP

GB00BPQY8M80

Purchase

477

6.2320 GBP

GB00BPQY8M80

Purchase

489

6.2312 GBP

GB00BPQY8M80

Purchase

511

6.2335 GBP

GB00BPQY8M80

Purchase

530

6.2318 GBP

GB00BPQY8M80

Purchase

534

6.2334 GBP

GB00BPQY8M80

Purchase

540

6.2412 GBP

GB00BPQY8M80

Purchase

550

6.2109 GBP

GB00BPQY8M80

Purchase

551

6.2310 GBP

GB00BPQY8M80

Purchase

566

6.2298 GBP

GB00BPQY8M80

Purchase

569

6.2320 GBP

GB00BPQY8M80

Purchase

593

6.2410 GBP

GB00BPQY8M80

Purchase

600

6.2325 GBP

GB00BPQY8M80

Purchase

632

6.2415 GBP

GB00BPQY8M80

Purchase

638

6.2324 GBP

GB00BPQY8M80

Purchase

646

6.2321 GBP

GB00BPQY8M80

Purchase

686

6.2000 GBP

GB00BPQY8M80

Purchase

721

6.2353 GBP

GB00BPQY8M80

Purchase

763

6.2125 GBP

GB00BPQY8M80

Purchase

809

6.2310 GBP

GB00BPQY8M80

Purchase

889

6.2440 GBP

GB00BPQY8M80

Purchase

895

6.2278 GBP

GB00BPQY8M80

Purchase

897

6.2103 GBP

GB00BPQY8M80

Purchase

917

6.2244 GBP

GB00BPQY8M80

Purchase

942

6.2163 GBP

GB00BPQY8M80

Purchase

984

6.2000 GBP

GB00BPQY8M80

Purchase

1,030

6.2143 GBP

GB00BPQY8M80

Purchase

1,032

6.2106 GBP

GB00BPQY8M80

Purchase

1,047

6.2137 GBP

GB00BPQY8M80

Purchase

1,065

6.2140 GBP

GB00BPQY8M80

Purchase

1,116

6.2160 GBP

GB00BPQY8M80

Purchase

1,703

6.2430 GBP

GB00BPQY8M80

Purchase

1,821

6.2156 GBP

GB00BPQY8M80

Purchase

3,173

6.2457 GBP

GB00BPQY8M80

Purchase

3,739

6.2123 GBP

GB00BPQY8M80

Purchase

10,822

6.2396 GBP

GB00BPQY8M80

Purchase

15,552

6.2135 GBP

GB00BPQY8M80

Purchase

25,743

6.2006 GBP

GB00BPQY8M80

Purchase

28,047

6.2000 GBP

GB00BPQY8M80

Purchase

40,201

6.2000 GBP

GB00BPQY8M80

Purchase

49,689

6.2000 GBP

GB00BPQY8M80

Purchase

54,686

6.2340 GBP

GB00BPQY8M80

Purchase

185,571

6.2000 GBP

GB00BPQY8M80

Sale

-136,769

6.2106 GBP

GB00BPQY8M80

Sale

-91,636

6.1997 GBP

GB00BPQY8M80

Sale

-67,549

6.2067 GBP

GB00BPQY8M80

Sale

-52,138

6.1999 GBP

GB00BPQY8M80

Sale

-51,638

6.2278 GBP

GB00BPQY8M80

Sale

-50,317

6.2000 GBP

GB00BPQY8M80

Sale

-49,689

6.2000 GBP

GB00BPQY8M80

Sale

-41,138

6.2320 GBP

GB00BPQY8M80

Sale

-33,936

6.2238 GBP

GB00BPQY8M80

Sale

-28,036

6.2000 GBP

GB00BPQY8M80

Sale

-20,865

6.2226 GBP

GB00BPQY8M80

Sale

-18,673

6.2207 GBP

GB00BPQY8M80

Sale

-18,508

6.2072 GBP

GB00BPQY8M80

Sale

-16,412

6.2289 GBP

GB00BPQY8M80

Sale

-10,822

6.2396 GBP

GB00BPQY8M80

Sale

-10,444

6.2000 GBP

GB00BPQY8M80

Sale

-10,265

6.2118 GBP

GB00BPQY8M80

Sale

-4,734

6.1980 GBP

GB00BPQY8M80

Sale

-4,270

6.2000 GBP

GB00BPQY8M80

Sale

-3,739

6.2123 GBP

GB00BPQY8M80

Sale

-3,020

6.2049 GBP

GB00BPQY8M80

Sale

-2,867

6.2020 GBP

GB00BPQY8M80

Sale

-2,031

6.2020 GBP

GB00BPQY8M80

Sale

-2,000

6.2000 GBP

GB00BPQY8M80

Sale

-2,000

6.2220 GBP

GB00BPQY8M80

Sale

-1,821

6.2156 GBP

GB00BPQY8M80

Sale

-1,734

6.2020 GBP

GB00BPQY8M80

Sale

-1,675

6.2148 GBP

GB00BPQY8M80

Sale

-1,116

6.2160 GBP

GB00BPQY8M80

Sale

-1,047

6.2137 GBP

GB00BPQY8M80

Sale

-1,032

6.2106 GBP

GB00BPQY8M80

Sale

-1,030

6.2143 GBP

GB00BPQY8M80

Sale

-1,000

6.1980 GBP

GB00BPQY8M80

Sale

-963

6.2043 GBP

GB00BPQY8M80

Sale

-945

6.2114 GBP

GB00BPQY8M80

Sale

-942

6.2163 GBP

GB00BPQY8M80

Sale

-917

6.2244 GBP

GB00BPQY8M80

Sale

-897

6.2103 GBP

GB00BPQY8M80

Sale

-895

6.2278 GBP

GB00BPQY8M80

Sale

-889

6.2440 GBP

GB00BPQY8M80

Sale

-809

6.2310 GBP

GB00BPQY8M80

Sale

-763

6.2125 GBP

GB00BPQY8M80

Sale

-721

6.2353 GBP

GB00BPQY8M80

Sale

-646

6.2321 GBP

GB00BPQY8M80

Sale

-638

6.2324 GBP

GB00BPQY8M80

Sale

-632

6.2415 GBP

GB00BPQY8M80

Sale

-600

6.2325 GBP

GB00BPQY8M80

Sale

-593

6.2410 GBP

GB00BPQY8M80

Sale

-569

6.2320 GBP

GB00BPQY8M80

Sale

-566

6.2298 GBP

GB00BPQY8M80

Sale

-560

6.2100 GBP

GB00BPQY8M80

Sale

-551

6.2310 GBP

GB00BPQY8M80

Sale

-550

6.2109 GBP

GB00BPQY8M80

Sale

-540

6.2412 GBP

GB00BPQY8M80

Sale

-534

6.2334 GBP

GB00BPQY8M80

Sale

-530

6.2318 GBP

GB00BPQY8M80

Sale

-511

6.2335 GBP

GB00BPQY8M80

Sale

-489

6.2312 GBP

GB00BPQY8M80

Sale

-477

6.2320 GBP

GB00BPQY8M80

Sale

-471

6.2168 GBP

GB00BPQY8M80

Sale

-467

6.2303 GBP

GB00BPQY8M80

Sale

-464

6.2153 GBP

GB00BPQY8M80

Sale

-456

6.2325 GBP

GB00BPQY8M80

Sale

-451

6.2341 GBP

GB00BPQY8M80

Sale

-450

6.2335 GBP

GB00BPQY8M80

Sale

-446

6.2309 GBP

GB00BPQY8M80

Sale

-444

6.2387 GBP

GB00BPQY8M80

Sale

-440

6.2412 GBP

GB00BPQY8M80

Sale

-429

6.2319 GBP

GB00BPQY8M80

Sale

-415

6.2100 GBP

GB00BPQY8M80

Sale

-385

6.2268 GBP

GB00BPQY8M80

Sale

-385

6.2275 GBP

GB00BPQY8M80

Sale

-376

6.2307 GBP

GB00BPQY8M80

Sale

-369

6.2049 GBP

GB00BPQY8M80

Sale

-363

6.2431 GBP

GB00BPQY8M80

Sale

-342

6.2018 GBP

GB00BPQY8M80

Sale

-329

6.2248 GBP

GB00BPQY8M80

Sale

-323

6.2227 GBP

GB00BPQY8M80

Sale

-302

6.2213 GBP

GB00BPQY8M80

Sale

-275

6.2443 GBP

GB00BPQY8M80

Sale

-271

6.2000 GBP

GB00BPQY8M80

Sale

-256

6.2337 GBP

GB00BPQY8M80

Sale

-206

6.2059 GBP

GB00BPQY8M80

Sale

-198

6.2254 GBP

GB00BPQY8M80

Sale

-145

6.2220 GBP

GB00BPQY8M80

Sale

-133

6.2180 GBP

GB00BPQY8M80

Sale

-129

6.2294 GBP

GB00BPQY8M80

Sale

-107

6.2179 GBP

GB00BPQY8M80

Sale

-99

6.2328 GBP

GB00BPQY8M80

Sale

-80

6.2019 GBP

GB00BPQY8M80

Sale

-80

6.2244 GBP

GB00BPQY8M80

Sale

-52

6.2003 GBP

GB00BPQY8M80

Sale

-45

6.2088 GBP

GB00BPQY8M80

Sale

-37

6.2187 GBP

GB00BPQY8M80

Sale

-35

6.2029 GBP

GB00BPQY8M80

Sale

-32

6.2288 GBP

GB00BPQY8M80

Sale

-32

6.2423 GBP

GB00BPQY8M80

Sale

-23

6.2292 GBP

GB00BPQY8M80

Sale

-22

6.2264 GBP

GB00BPQY8M80

Sale

-21

6.2000 GBP

GB00BPQY8M80

Sale

-20

6.2220 GBP

GB00BPQY8M80

Sale

-17

6.2252 GBP

GB00BPQY8M80

Sale

-13

6.2249 GBP

GB00BPQY8M80

Sale

-6

6.2165 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 Long Position

41,138

6.2000

GB00BPQY8M80

Contract for Difference

Opening Long Position

171,751

6.2000

GB00BPQY8M80

Contract for Difference

Opening Short Position

-40,201

6.2000

GB00BPQY8M80

Contract for Difference

Closing Short Position

43,831

6.2000

GB00BPQY8M80

Contract for Difference

Increasing Long Position

71,431

6.2000

GB00BPQY8M80

Contract for Difference

Increasing Short Position

-851

6.2000

GB00BPQY8M80

Contract for Difference

Increasing Short Position

-4,287

6.2000

GB00BPQY8M80

Contract for Difference

Reducing Long Position

-22,800

6.2000

GB00BPQY8M80

Contract for Difference

Reducing Short Position

178,592

6.2000

GB00BPQY8M80

Contract for Difference

Reducing Short Position

388

6.2000

GB00BPQY8M80

Contract for Difference

Reducing Short Position

512

6.2000

GB00BPQY8M80

Contract for Difference

Reducing Short Position

102,634

6.2000

 

(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:

27/06/2025

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

6.200

american

19/12/2025

32 17/19p ordinary (GB00BPQY8M80)

Put Option

W

500000

6.200

american

18/12/2026

32 17/19p ordinary (GB00BPQY8M80)

Put Option

P

-36000

6.200

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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