RNS Number : 0355J
Societe Generale SA
16 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:

SOCIETE GENERALE 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

15/05/2025

(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: 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:

32 17/19p ordinary

 

 

Interests

Short positions

Number

%

Number

%

(1)  Relevant securities owned and/or controlled:

40,786,502

1.52

54,732,133

2.04

(2)  Cash-settled derivatives:

 

18,507,522

0.69

253,818

0.01

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

0

0.00

0

0.00

TOTAL:

59,294,024

2.21

54,985,951

2.05

   

 

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

GBP

32 17/19p ordinary

Purchase

5,146

5.8569

32 17/19p ordinary

Purchase

35

5.8569

32 17/19p ordinary

Purchase

1,195

5.8569

32 17/19p ordinary

Purchase

79,457

5.84503

32 17/19p ordinary

Purchase

656

5.72

32 17/19p ordinary

Purchase

98

5.844

32 17/19p ordinary

Purchase

127

5.85

32 17/19p ordinary

Purchase

132

5.85

32 17/19p ordinary

Purchase

144

5.85

32 17/19p ordinary

Purchase

153

5.844

32 17/19p ordinary

Purchase

1,400

5.858

32 17/19p ordinary

Purchase

2,001

5.892

32 17/19p ordinary

Purchase

1,198

5.85

32 17/19p ordinary

Purchase

442

5.844

32 17/19p ordinary

Purchase

563

5.844

32 17/19p ordinary

Purchase

800

5.85

32 17/19p ordinary

Purchase

836

5.85

32 17/19p ordinary

Purchase

1,346

5.85

32 17/19p ordinary

Purchase

2,160

5.85

32 17/19p ordinary

Purchase

2,672

5.9

32 17/19p ordinary

Purchase

2,077

5.902

32 17/19p ordinary

Purchase

1,756

5.85

32 17/19p ordinary

Purchase

2,068

5.862

32 17/19p ordinary

Purchase

2,135

5.9

32 17/19p ordinary

Purchase

1,362

5.846

32 17/19p ordinary

Purchase

879

5.844

32 17/19p ordinary

Purchase

2,017

5.892

32 17/19p ordinary

Purchase

1,388

5.852

32 17/19p ordinary

Purchase

2,157

5.842

32 17/19p ordinary

Purchase

1,403

5.848

32 17/19p ordinary

Purchase

2,152

5.864

32 17/19p ordinary

Purchase

1,477

5.858

32 17/19p ordinary

Purchase

2,548

5.852

32 17/19p ordinary

Purchase

1,439

5.856

32 17/19p ordinary

Purchase

1,395

5.85

32 17/19p ordinary

Purchase

13,281

5.856

32 17/19p ordinary

Purchase

15,514

5.856

32 17/19p ordinary

Sale

72,496

5.85041

32 17/19p ordinary

Sale

157,177

5.81437

32 17/19p ordinary

Sale

209,715

5.85544

32 17/19p ordinary

Sale

39,602

5.88126

32 17/19p ordinary

Sale

54,699

5.896

32 17/19p ordinary

Sale

5,470

5.856

32 17/19p ordinary

Sale

5,470

5.856

32 17/19p ordinary

Sale

2,621,943

5.72

32 17/19p ordinary

Sale

37

5.712

32 17/19p ordinary

Sale

82

5.794

32 17/19p ordinary

Sale

131

5.794

32 17/19p ordinary

Sale

141

5.812

32 17/19p ordinary

Sale

149

5.712

32 17/19p ordinary

Sale

149

5.904

32 17/19p ordinary

Sale

318

5.89

32 17/19p ordinary

Sale

327

5.864

32 17/19p ordinary

Sale

329

5.702

32 17/19p ordinary

Sale

336

5.89

32 17/19p ordinary

Sale

383

5.71

32 17/19p ordinary

Sale

472

5.724

32 17/19p ordinary

Sale

474

5.842

32 17/19p ordinary

Sale

475

5.702

32 17/19p ordinary

Sale

494

5.864

32 17/19p ordinary

Sale

516

5.682

32 17/19p ordinary

Sale

522

5.682

32 17/19p ordinary

Sale

565

5.812

32 17/19p ordinary

Sale

571

5.812

32 17/19p ordinary

Sale

585

5.902

32 17/19p ordinary

Sale

593

5.89

32 17/19p ordinary

Sale

597

5.846

32 17/19p ordinary

Sale

767

5.712

32 17/19p ordinary

Sale

941

5.702

32 17/19p ordinary

Sale

978

5.682

32 17/19p ordinary

Sale

1,025

5.682

32 17/19p ordinary

Sale

1,110

5.864

32 17/19p ordinary

Sale

1,219

5.684

32 17/19p ordinary

Sale

1,684

5.852

32 17/19p ordinary

Sale

3,231

5.864

32 17/19p ordinary

Sale

3,486

5.9

32 17/19p ordinary

Sale

311

5.794

32 17/19p ordinary

Sale

1,684

5.774

32 17/19p ordinary

Sale

1,684

5.911

32 17/19p ordinary

Sale

1,763

5.734

32 17/19p ordinary

Sale

1,932

5.904

32 17/19p ordinary

Sale

2,072

5.891

32 17/19p ordinary

Sale

2,581

5.853

32 17/19p ordinary

Sale

3,486

5.9

32 17/19p ordinary

Sale

381

5.898

32 17/19p ordinary

Sale

382

5.864

32 17/19p ordinary

Sale

382

5.89

32 17/19p ordinary

Sale

382

5.89

32 17/19p ordinary

Sale

393

5.704

32 17/19p ordinary

Sale

476

5.736

32 17/19p ordinary

Sale

508

5.712

32 17/19p ordinary

Sale

636

5.702

32 17/19p ordinary

Sale

725

5.684

32 17/19p ordinary

Sale

2,921

5.852

32 17/19p ordinary

Sale

3,026

5.89

32 17/19p ordinary

Sale

146

5.854

32 17/19p ordinary

Sale

167

5.852

32 17/19p ordinary

Sale

204

5.902

32 17/19p ordinary

Sale

262

5.684

32 17/19p ordinary

Sale

328

5.89

32 17/19p ordinary

Sale

362

5.812

32 17/19p ordinary

Sale

365

5.736

32 17/19p ordinary

Sale

396

5.812

32 17/19p ordinary

Sale

417

5.736

32 17/19p ordinary

Sale

506

5.724

32 17/19p ordinary

Sale

549

5.854

32 17/19p ordinary

Sale

559

5.854

32 17/19p ordinary

Sale

628

5.854

32 17/19p ordinary

Sale

712

5.856

32 17/19p ordinary

Sale

753

5.854

32 17/19p ordinary

Sale

828

5.726

32 17/19p ordinary

Sale

938

5.684

32 17/19p ordinary

Sale

938

5.684

32 17/19p ordinary

Sale

938

5.688

32 17/19p ordinary

Sale

938

5.688

32 17/19p ordinary

Sale

976

5.724

32 17/19p ordinary

Sale

1,033

5.724

32 17/19p ordinary

Sale

1,067

5.888

32 17/19p ordinary

Sale

1,071

5.904

32 17/19p ordinary

Sale

1,092

5.854

32 17/19p ordinary

Sale

1,188

5.878

32 17/19p ordinary

Sale

1,194

5.856

32 17/19p ordinary

Sale

1,258

5.876

32 17/19p ordinary

Sale

1,279

5.882

32 17/19p ordinary

Sale

1,298

5.73

32 17/19p ordinary

Sale

1,302

5.88

32 17/19p ordinary

Sale

1,303

5.89

32 17/19p ordinary

Sale

1,310

5.684

32 17/19p ordinary

Sale

1,310

5.886

32 17/19p ordinary

Sale

1,324

5.868

32 17/19p ordinary

Sale

1,395

5.87

32 17/19p ordinary

Sale

1,404

5.854

32 17/19p ordinary

Sale

1,409

5.852

32 17/19p ordinary

Sale

1,422

5.884

32 17/19p ordinary

Sale

1,430

5.854

32 17/19p ordinary

Sale

1,531

5.854

32 17/19p ordinary

Sale

1,573

5.852

32 17/19p ordinary

Sale

1,627

5.772

32 17/19p ordinary

Sale

1,627

5.774

32 17/19p ordinary

Sale

2,141

5.9

32 17/19p ordinary

Sale

2,142

5.898

32 17/19p ordinary

Sale

2,142

5.9

32 17/19p ordinary

Sale

2,142

5.9

32 17/19p ordinary

Sale

2,145

5.888

32 17/19p ordinary

Sale

2,145

5.888

32 17/19p ordinary

Sale

2,155

5.866

32 17/19p ordinary

Sale

2,156

5.856

32 17/19p ordinary

Sale

2,156

5.858

32 17/19p ordinary

Sale

2,157

5.858

32 17/19p ordinary

Sale

2,157

5.858

32 17/19p ordinary

Sale

2,157

5.858

32 17/19p ordinary

Sale

2,157

5.858

32 17/19p ordinary

Sale

2,158

5.858

32 17/19p ordinary

Sale

2,159

5.85

32 17/19p ordinary

Sale

2,159

5.852

32 17/19p ordinary

Sale

2,159

5.854

32 17/19p ordinary

Sale

2,160

5.85

32 17/19p ordinary

Sale

2,160

5.85

32 17/19p ordinary

Sale

2,161

5.848

32 17/19p ordinary

Sale

2,162

5.846

32 17/19p ordinary

Sale

2,162

5.846

32 17/19p ordinary

Sale

2,239

5.844

32 17/19p ordinary

Sale

2,323

5.88

32 17/19p ordinary

Sale

2,460

5.85

32 17/19p ordinary

Sale

2,461

5.852

32 17/19p ordinary

Sale

2,477

5.86

32 17/19p ordinary

Sale

23

5.688

32 17/19p ordinary

Sale

1,074

5.856

32 17/19p ordinary

Sale

2,237

5.856

32 17/19p ordinary

Sale

2,839

5.856

32 17/19p ordinary

Sale

3,187

5.856

32 17/19p ordinary

Sale

3,260

5.856

32 17/19p ordinary

Sale

7,434

5.856

32 17/19p ordinary

Sale

9,634

5.856

32 17/19p ordinary

Sale

10,671

5.856

32 17/19p ordinary

Sale

10,940

5.856

32 17/19p ordinary

Sale

10,940

5.856

32 17/19p ordinary

Sale

10,940

5.856

32 17/19p ordinary

Sale

11,476

5.856

32 17/19p ordinary

Sale

17,300

5.856

32 17/19p ordinary

Sale

24,272

5.856

32 17/19p ordinary

Sale

10,619

5.856

32 17/19p ordinary

Sale

13,281

5.856

32 17/19p ordinary

Sale

15,514

5.856

 

 

(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 GBP

32 17/19p ordinary

CFD

Reducing a long position

5,146

5.8569

32 17/19p ordinary

CFD

Reducing a long position

35

5.8569

32 17/19p ordinary

CFD

Reducing a long position

1,195

5.8569

32 17/19p ordinary

CFD

Reducing a long position

79,457

5.84503

32 17/19p ordinary

CFD

Reducing a short position

72,496

5.85041

32 17/19p ordinary

CFD

Reducing a short position

157,177

5.81437

32 17/19p ordinary

CFD

Reducing a short position

209,715

5.85544

3 1/3p ordinary

Equity linked swap

Opening a long position

2,621,943

5.72

 

(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?

NO

 

 

Date of disclosure:

16/05/2025

Contact name:

Paul Jenkins

Telephone number:

+44 20 7676 6969

 

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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