Amendment - due to the amendment of Equity and Derivative transactions, the disclosure made on10 December for dealings on 09 December has been updated. Section 2(a) and 2(b) has been updated.
FORM 8.5 (EPT/RI)
PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY
Rule 8.5 of the Takeover Code (the "Code")
1. KEY INFORMATION
| (a) Name of exempt principal trader: | (GS) GOLDMAN SACHS INTERNATIONAL |
| (b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | AVIVA PLC |
| (c) Name of the party to the offer with which exempt principal trader is connected: | AVIVA PLC |
| (d) Date dealing undertaken: | 09 December 2024 |
| (e) In addition to the company in 1(b) above, is the exempt principal trader 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 - disclosing today for DIRECT LINE INSURANCE GROUP PLC |
2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(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 | Purchases/ sales
| Total number of securities | Highest price per unit paid/received | Lowest price per unit paid/received |
| 32 17/19p ordinary | Purchases | 2,007,186 | 4.8510 GBP | 4.8060 GBP |
| 32 17/19p ordinary | Sales | 1,460,771 | 4.8480 GBP | 4.8040 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 |
| 32 17/19p ordinary | CFD | Reducing a long position | 3,474 | 4.8050 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 5,063 | 4.8060 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 33,883 | 4.8151 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 10,100 | 4.8186 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 17 | 4.8218 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 109 | 4.8218 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 406 | 4.8218 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 11 | 4.8218 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 7,116 | 4.8244 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 330 | 4.8246 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 588 | 4.8250 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 19 | 4.8255 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 1,879 | 4.8271 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 702 | 4.8271 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 1,259 | 4.8271 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 4,879 | 4.8271 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 4 | 4.8272 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 53 | 4.8277 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 69 | 4.8287 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 14 | 4.8289 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 33 | 4.8294 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 29 | 4.8299 GBP |
| 32 17/19p ordinary | CFD | Opening a long position | 2,445 | 4.8302 GBP |
| 32 17/19p ordinary | CFD | Opening a long position | 6,777 | 4.8305 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 22 | 4.8308 GBP |
| 32 17/19p ordinary | CFD | Opening a short position | 212,000 | 4.8309 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 8,471 | 4.8311 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 10,500 | 4.8314 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 48,489 | 4.8315 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 55,353 | 4.8318 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 48,821 | 4.8319 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 10,599 | 4.8327 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 3,368 | 4.8329 GBP |
| 32 17/19p ordinary | CFD | Opening a long position | 3,474 | 4.8330 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 67,807 | 4.8330 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 8,056 | 4.8330 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 908 | 4.8330 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 1 | 4.8330 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 2 | 4.8330 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 6,039 | 4.8330 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 3,884 | 4.8330 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 9,204 | 4.8330 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 22 | 4.8331 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 22,807 | 4.8331 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 2,445 | 4.8331 GBP |
| 32 17/19p ordinary | CFD | Opening a short position | 3,884 | 4.8331 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 526 | 4.8333 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 21,900 | 4.8333 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 40,074 | 4.8333 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 4 | 4.8336 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 30 | 4.8336 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 109 | 4.8336 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 3 | 4.8336 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 9,649 | 4.8337 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 6,030 | 4.8339 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 411 | 4.8339 GBP |
| 32 17/19p ordinary | CFD | Opening a short position | 729 | 4.8340 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 8,668 | 4.8348 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 11 | 4.8352 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 50,226 | 4.8353 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 2,026 | 4.8356 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 3 | 4.8365 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 20 | 4.8365 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 75 | 4.8365 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 2 | 4.8365 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 100 | 4.8365 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 11,977 | 4.8369 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 6 | 4.8386 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 71,800 | 4.8395 GBP |
| 32 17/19p ordinary | CFD | Opening a long position | 588 | 4.8474 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 446 | 4.8480 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 2 | 4.8510 GBP |
| 32 17/19p ordinary | SWAP | Increasing a long position | 4,850 | 6.1720 USD |
(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) |
| |
| | |
3. 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 exempt principal trader 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 exempt principal trader 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
|
Date of disclosure: | 17January 2025 |
Contact name: | Papa Lette and Andrzej Szyszka |
Telephone number: | +33(1) 4212 1459 / +48(22) 317 4817 |
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.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
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