REG - BNP Paribas London Aviva PLC - Form 8.3 - Aviva plc
01/07/2025 12:00
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RNS Number : 2363P BNP Paribas London 01 July 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: 30/06/2025
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: 8,556,576 0.3194 -31,944,941 -1.1925
(2) Cash-settled derivatives: 13,540,473 0.5055 -3,814,694 -0.1424
(3) Stock-settled derivatives (including options) and agreements to 586,000 0.0219 -36,000 -0.0013
purchase/sell:
TOTAL: 22,683,049 0.8467 -35,795,635 -1.3362
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 6.1906 GBP
GB00BPQY8M80 Purchase 21 6.1828 GBP
GB00BPQY8M80 Purchase 33 6.1920 GBP
GB00BPQY8M80 Purchase 36 6.1841 GBP
GB00BPQY8M80 Purchase 45 6.1847 GBP
GB00BPQY8M80 Purchase 47 6.1804 GBP
GB00BPQY8M80 Purchase 55 6.2500 GBP
GB00BPQY8M80 Purchase 57 6.1920 GBP
GB00BPQY8M80 Purchase 64 6.1897 GBP
GB00BPQY8M80 Purchase 66 6.1915 GBP
GB00BPQY8M80 Purchase 80 6.1848 GBP
GB00BPQY8M80 Purchase 140 6.1811 GBP
GB00BPQY8M80 Purchase 145 6.1792 GBP
GB00BPQY8M80 Purchase 266 6.1830 GBP
GB00BPQY8M80 Purchase 273 6.1797 GBP
GB00BPQY8M80 Purchase 318 6.1840 GBP
GB00BPQY8M80 Purchase 379 6.1850 GBP
GB00BPQY8M80 Purchase 523 6.1920 GBP
GB00BPQY8M80 Purchase 790 6.1920 GBP
GB00BPQY8M80 Purchase 1,471 6.1660 GBP
GB00BPQY8M80 Purchase 1,759 6.1740 GBP
GB00BPQY8M80 Purchase 1,966 6.1929 GBP
GB00BPQY8M80 Purchase 2,027 6.1899 GBP
GB00BPQY8M80 Purchase 2,122 6.2300 GBP
GB00BPQY8M80 Purchase 2,436 6.1733 GBP
GB00BPQY8M80 Purchase 4,425 6.1917 GBP
GB00BPQY8M80 Purchase 5,880 6.1912 GBP
GB00BPQY8M80 Purchase 8,684 6.1917 GBP
GB00BPQY8M80 Purchase 15,262 6.1920 GBP
GB00BPQY8M80 Purchase 25,884 6.1920 GBP
GB00BPQY8M80 Purchase 29,487 6.1920 GBP
GB00BPQY8M80 Purchase 30,953 6.1920 GBP
GB00BPQY8M80 Purchase 41,447 6.1879 GBP
GB00BPQY8M80 Purchase 50,810 6.1822 GBP
GB00BPQY8M80 Purchase 69,013 6.1920 GBP
GB00BPQY8M80 Purchase 84,110 6.1814 GBP
GB00BPQY8M80 Purchase 194,968 6.1920 GBP
GB00BPQY8M80 Sale -109,382 6.1823 GBP
GB00BPQY8M80 Sale -109,371 6.1654 GBP
GB00BPQY8M80 Sale -63,929 6.1920 GBP
GB00BPQY8M80 Sale -54,686 6.1873 GBP
GB00BPQY8M80 Sale -52,833 6.1892 GBP
GB00BPQY8M80 Sale -51,580 6.2450 GBP
GB00BPQY8M80 Sale -51,311 6.1821 GBP
GB00BPQY8M80 Sale -48,096 6.1920 GBP
GB00BPQY8M80 Sale -47,949 6.1920 GBP
GB00BPQY8M80 Sale -42,900 6.1920 GBP
GB00BPQY8M80 Sale -41,784 6.1920 GBP
GB00BPQY8M80 Sale -36,498 6.1920 GBP
GB00BPQY8M80 Sale -28,385 6.1870 GBP
GB00BPQY8M80 Sale -26,132 6.1920 GBP
GB00BPQY8M80 Sale -25,884 6.1920 GBP
GB00BPQY8M80 Sale -24,100 6.1920 GBP
GB00BPQY8M80 Sale -17,944 6.1991 GBP
GB00BPQY8M80 Sale -17,692 6.1920 GBP
GB00BPQY8M80 Sale -14,823 6.1920 GBP
GB00BPQY8M80 Sale -14,335 6.2020 GBP
GB00BPQY8M80 Sale -13,756 6.1920 GBP
GB00BPQY8M80 Sale -11,002 6.1919 GBP
GB00BPQY8M80 Sale -8,583 6.1920 GBP
GB00BPQY8M80 Sale -7,545 6.1920 GBP
GB00BPQY8M80 Sale -7,201 6.1920 GBP
GB00BPQY8M80 Sale -5,381 6.1758 GBP
GB00BPQY8M80 Sale -4,185 6.1920 GBP
GB00BPQY8M80 Sale -3,484 6.1814 GBP
GB00BPQY8M80 Sale -3,313 6.1920 GBP
GB00BPQY8M80 Sale -3,162 6.1930 GBP
GB00BPQY8M80 Sale -3,072 6.1987 GBP
GB00BPQY8M80 Sale -1,526 6.1690 GBP
GB00BPQY8M80 Sale -1,485 6.1900 GBP
GB00BPQY8M80 Sale -1,456 6.1780 GBP
GB00BPQY8M80 Sale -1,427 6.1840 GBP
GB00BPQY8M80 Sale -1,415 6.1840 GBP
GB00BPQY8M80 Sale -1,409 6.1900 GBP
GB00BPQY8M80 Sale -1,397 6.2000 GBP
GB00BPQY8M80 Sale -1,369 6.1840 GBP
GB00BPQY8M80 Sale -1,352 6.1640 GBP
GB00BPQY8M80 Sale -1,292 6.1760 GBP
GB00BPQY8M80 Sale -1,287 6.1940 GBP
GB00BPQY8M80 Sale -1,259 6.1700 GBP
GB00BPQY8M80 Sale -1,227 6.1860 GBP
GB00BPQY8M80 Sale -1,219 6.1800 GBP
GB00BPQY8M80 Sale -1,162 6.1860 GBP
GB00BPQY8M80 Sale -1,135 6.1660 GBP
GB00BPQY8M80 Sale -1,125 6.1820 GBP
GB00BPQY8M80 Sale -1,033 6.1920 GBP
GB00BPQY8M80 Sale -976 6.1820 GBP
GB00BPQY8M80 Sale -963 6.1894 GBP
GB00BPQY8M80 Sale -933 6.1809 GBP
GB00BPQY8M80 Sale -850 6.1840 GBP
GB00BPQY8M80 Sale -777 6.1920 GBP
GB00BPQY8M80 Sale -759 6.1840 GBP
GB00BPQY8M80 Sale -758 6.1860 GBP
GB00BPQY8M80 Sale -692 6.1580 GBP
GB00BPQY8M80 Sale -624 6.1580 GBP
GB00BPQY8M80 Sale -574 6.1920 GBP
GB00BPQY8M80 Sale -571 6.1860 GBP
GB00BPQY8M80 Sale -406 6.1760 GBP
GB00BPQY8M80 Sale -280 6.1840 GBP
GB00BPQY8M80 Sale -273 6.1797 GBP
GB00BPQY8M80 Sale -266 6.1830 GBP
GB00BPQY8M80 Sale -145 6.1792 GBP
GB00BPQY8M80 Sale -131 6.1811 GBP
GB00BPQY8M80 Sale -83 6.1829 GBP
GB00BPQY8M80 Sale -80 6.1848 GBP
GB00BPQY8M80 Sale -66 6.1915 GBP
GB00BPQY8M80 Sale -64 6.1897 GBP
GB00BPQY8M80 Sale -47 6.1804 GBP
GB00BPQY8M80 Sale -45 6.1847 GBP
GB00BPQY8M80 Sale -36 6.1841 GBP
GB00BPQY8M80 Sale -21 6.1828 GBP
GB00BPQY8M80 Sale -9 6.1811 GBP
GB00BPQY8M80 Sale -6 6.1906 GBP
GB00BPQY8M80 Sale -5 6.1840 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 Short Position -261,491 6.1920 GBP
GB00BPQY8M80 Contract for Difference Closing Short Position 24,100 6.1920
GB00BPQY8M80 Contract for Difference Closing Short Position 267,321 6.1920
GB00BPQY8M80 Contract for Difference Increasing Long Position 42,900 6.1920
GB00BPQY8M80 Contract for Difference Increasing Long Position 70,777 6.1920
GB00BPQY8M80 Contract for Difference Increasing Long Position 51,580 6.1920
GB00BPQY8M80 Contract for Difference Increasing Short Position -22,631 7.2298 GBP
GB00BPQY8M80 Contract for Difference Reducing Long Position -46,215 6.1920
GB00BPQY8M80 Contract for Difference Reducing Long Position -1,966 6.1920
GB00BPQY8M80 Contract for Difference Reducing Short Position 16,750 6.1920
GB00BPQY8M80 Contract for Difference Reducing Short Position 16,099 6.1920
(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: 01/07/2025
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 6.192 american 19/12/2025
32 17/19p ordinary (GB00BPQY8M80) Put Option W 500000 6.192 american 18/12/2026
32 17/19p ordinary (GB00BPQY8M80) Put Option P -36000 6.192 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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