REG - BNP Paribas London Aviva PLC - Form 8.3 - Aviva plc
Yesterday 12:00
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RNS Number : 2737H BNP Paribas London 02 May 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 Aviva plc
relates:
Use a separate form for each offeror/offeree
(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: 01/05/2025
For an opening position disclosure, state the latest practicable date
prior to the disclosure
(f) In addition to the company in 1(c) above, is the discloser making Yes
disclosures in respect of any other party to the offer?
If YES, specify which:
If it is a cash offer or possible cash offer, state "N/A"
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: 12,439,642 0.4645 -19,701,807 -0.7357
(2) Cash-settled derivatives: 12,089,272 0.4514 -6,055,147 -0.2261
(3) Stock-settled derivatives (including options) and agreements to 586,000 0.0219 -36,000 -0.0013
purchase/sell:
TOTAL: 25,114,914 0.9378 -25,792,954 -0.9632
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 2 5.5767 GBP
GB00BPQY8M80 Purchase 9 5.5780 GBP
GB00BPQY8M80 Purchase 11 5.6080 GBP
GB00BPQY8M80 Purchase 11 5.6080 GBP
GB00BPQY8M80 Purchase 55 5.5920 GBP
GB00BPQY8M80 Purchase 58 5.5940 GBP
GB00BPQY8M80 Purchase 457 5.6123 GBP
GB00BPQY8M80 Purchase 536 5.6075 GBP
GB00BPQY8M80 Purchase 750 5.6080 GBP
GB00BPQY8M80 Purchase 1,148 5.6195 GBP
GB00BPQY8M80 Purchase 1,925 5.6049 GBP
GB00BPQY8M80 Purchase 2,274 5.6106 GBP
GB00BPQY8M80 Purchase 4,509 5.6118 GBP
GB00BPQY8M80 Purchase 5,051 5.6168 GBP
GB00BPQY8M80 Purchase 7,060 5.5770 GBP
GB00BPQY8M80 Purchase 14,865 5.6146 GBP
GB00BPQY8M80 Purchase 25,419 5.6162 GBP
GB00BPQY8M80 Purchase 56,800 5.6140 GBP
GB00BPQY8M80 Purchase 58,211 5.6140 GBP
GB00BPQY8M80 Purchase 67,980 5.6160 GBP
GB00BPQY8M80 Purchase 72,300 5.6140 GBP
GB00BPQY8M80 Purchase 99,389 5.6140 GBP
GB00BPQY8M80 Purchase 100,345 5.6160 GBP
GB00BPQY8M80 Purchase 143,350 5.6160 GBP
GB00BPQY8M80 Purchase 286,700 5.6160 GBP
GB00BPQY8M80 Purchase 1,284,379 5.5880 GBP
GB00BPQY8M80 Sale -770,627 5.5880 GBP
GB00BPQY8M80 Sale -513,752 5.5880 GBP
GB00BPQY8M80 Sale -45,258 5.6069 GBP
GB00BPQY8M80 Sale -36,733 5.6034 GBP
GB00BPQY8M80 Sale -26,615 5.6062 GBP
GB00BPQY8M80 Sale -7,058 5.5770 GBP
GB00BPQY8M80 Sale -6,364 5.6084 GBP
GB00BPQY8M80 Sale -1,757 5.6061 GBP
GB00BPQY8M80 Sale -1,642 5.6080 GBP
GB00BPQY8M80 Sale -922 5.5712 GBP
GB00BPQY8M80 Sale -761 5.6080 GBP
GB00BPQY8M80 Sale -300 5.6180 GBP
GB00BPQY8M80 Sale -258 5.5981 GBP
GB00BPQY8M80 Sale -123 5.5740 GBP
GB00BPQY8M80 Sale -113 5.5930 GBP
GB00BPQY8M80 Sale -11 5.5778 GBP
GB00BPQY8M80 Sale -11 5.6080 GBP
GB00BPQY8M80 Sale -2 5.5767 GBP
GB00BPQY8M80 Sale -1 5.6100 GBP
(b) Cash-settled derivative transactions
Class of relevant security Product description Nature of dealing Number of reference securities Price per unit
e.g. CFD e.g. opening/closing a long/short position, increasing/reducing a long/short
position
GB00BPQY8M80 Contract for Difference Opening Long Position 1,236 5.6080
GB00BPQY8M80 Contract for Difference Opening Long Position 4,215 5.6080 GBP
GB00BPQY8M80 Contract for Difference Opening Long Position 41,043 5.6080 GBP
GB00BPQY8M80 Contract for Difference Closing Long Position -9,208 5.6080
GB00BPQY8M80 Contract for Difference Closing Long Position -919 5.6080
GB00BPQY8M80 Contract for Difference Closing Short Position 89,650 5.6080 GBP
GB00BPQY8M80 Contract for Difference Increasing Short Position -226,240 5.6080
GB00BPQY8M80 Contract for Difference Increasing Short Position -236 5.6080
GB00BPQY8M80 Contract for Difference Reducing Long Position -746,548 5.6080
GB00BPQY8M80 Contract for Difference Reducing Long Position -96,612 5.6080
GB00BPQY8M80 Contract for Difference Reducing Short Position 47,489 5.6080
GB00BPQY8M80 Contract for Difference Reducing Short Position 39,289 5.6080
GB00BPQY8M80 Contract for Difference Reducing Short Position 8,267 5.6080
GB00BPQY8M80 Contract for Difference Reducing Short Position 123 5.6080
(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 Expiry date Option money paid/ received per unit
e.g. American, European etc.
(ii) Exercise
Class of relevant security Product description Exercising/ exercised against Number of securities Exercise price per unit
e.g. call option
(d) Other dealings (including subscribing for new securities)
Class of relevant security Nature of dealing Details Price per unit (if applicable)
e.g. subscription, conversion
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: 02/05/2025
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
(http://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 Aviva plc
relevant securities the disclosure relates:
2. STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)
Class of Product Written or Number of Exercise Type Expiry
relevant description purchased securities price e.g. date
security e.g. call to which per unit American,
option option or European
derivative etc.
relates
32 17/19p ordinary (GB00BPQY8M80) Call Option P 86000 5.608 american 19/12/2025
32 17/19p ordinary (GB00BPQY8M80) Put Option W 500000 5.608 american 18/12/2026
32 17/19p ordinary (GB00BPQY8M80) Put Option P -36000 5.608 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
(http://www.thetakeoverpanel.org.uk)
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