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: | 15 May 2025 |
| (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 | 8,869,873 | 5.9140 GBP | 5.6800 GBP |
| 32 17/19p ordinary | Sales | 2,834,670 | 5.9120 GBP | 5.6800 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 | Increasing a short position | 2 | 5.6947 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 4,680 | 5.7032 GBP |
| 32 17/19p ordinary | CFD | Opening a long position | 71,675 | 5.7034 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 1,167 | 5.7043 GBP |
| 32 17/19p ordinary | CFD | Opening a long position | 71,675 | 5.7051 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 469 | 5.7086 GBP |
| 32 17/19p ordinary | CFD | Opening a short position | 36,696 | 5.7131 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 3 | 5.7200 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 55 | 5.7200 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 15 | 5.7200 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 2 | 5.7200 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 75 | 5.7200 GBP |
| 32 17/19p ordinary | CFD | Opening a long position | 71,675 | 5.7231 GBP |
| 32 17/19p ordinary | CFD | Opening a long position | 140,666 | 5.7251 GBP |
| 32 17/19p ordinary | CFD | Opening a long position | 68,991 | 5.7254 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 29,304 | 5.7319 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 204 | 5.7452 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 169,756 | 5.7642 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 6,775 | 5.7698 GBP |
| 32 17/19p ordinary | CFD | Opening a short position | 227,193 | 5.7778 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 5,100 | 5.7789 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 10,662 | 5.7889 GBP |
| 32 17/19p ordinary | CFD | Opening a short position | 260,840 | 5.7965 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 11,396 | 5.8073 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 57,350 | 5.8099 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 3,641 | 5.8138 GBP |
| 32 17/19p ordinary | CFD | Opening a short position | 1,872 | 5.8138 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 474,150 | 5.8202 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 3,100 | 5.8231 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 8,183 | 5.8251 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 15,956 | 5.8251 GBP |
| 32 17/19p ordinary | CFD | Opening a short position | 1,473 | 5.8325 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 882 | 5.8368 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 64,107 | 5.8376 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 2,182 | 5.8441 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 2,354 | 5.8466 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 11,206 | 5.8494 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 5,832 | 5.8499 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 32,832 | 5.8500 GBP |
| 32 17/19p ordinary | CFD | Opening a long position | 389,605 | 5.8504 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 59,003 | 5.8511 GBP |
| 32 17/19p ordinary | CFD | Opening a short position | 16,197 | 5.8511 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 12,900 | 5.8518 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 4,708 | 5.8528 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 69,232 | 5.8529 GBP |
| 32 17/19p ordinary | CFD | Opening a long position | 17,777 | 5.8532 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 7,514 | 5.8533 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 11,771 | 5.8547 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 389 | 5.8551 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 1,091 | 5.8552 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 1,329 | 5.8553 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 147,602 | 5.8554 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 230 | 5.8555 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 3,649 | 5.8555 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 984 | 5.8555 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 109 | 5.8555 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 140,964 | 5.8556 GBP |
| 32 17/19p ordinary | CFD | Opening a long position | 35,057 | 5.8558 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 13,869 | 5.8559 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 29,764 | 5.8560 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 1,872 | 5.8560 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 74,008 | 5.8561 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 40,044 | 5.8561 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 7,249 | 5.8561 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 7,873 | 5.8561 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 259 | 5.8561 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 11,651 | 5.8563 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 307 | 5.8564 GBP |
| 32 17/19p ordinary | CFD | Opening a short position | 8,622 | 5.8564 GBP |
| 32 17/19p ordinary | CFD | Opening a short position | 16,811 | 5.8564 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 21,732 | 5.8564 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 346 | 5.8565 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 49,252 | 5.8566 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 64,231 | 5.8567 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 4,840 | 5.8569 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 939 | 5.8574 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 44,478 | 5.8583 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 546 | 5.8596 GBP |
| 32 17/19p ordinary | CFD | Opening a long position | 3,641 | 5.8597 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 4,708 | 5.8606 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 35,815 | 5.8618 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 3,600 | 5.8618 GBP |
| 32 17/19p ordinary | CFD | Opening a long position | 59,003 | 5.8618 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 7,575 | 5.8618 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 236,237 | 5.8628 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 34,671 | 5.8631 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 46,357 | 5.8634 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 5,337 | 5.8643 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 131,152 | 5.8650 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 37,625 | 5.8663 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 30,651 | 5.8663 GBP |
| 32 17/19p ordinary | CFD | Opening a long position | 74,008 | 5.8671 GBP |
| 32 17/19p ordinary | CFD | Opening a short position | 6,495 | 5.8687 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 34,477 | 5.8689 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 13,684 | 5.8690 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 8,987 | 5.8697 GBP |
| 32 17/19p ordinary | CFD | Opening a long position | 16,325 | 5.8697 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 1,029 | 5.8699 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 52,815 | 5.8699 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 350,409 | 5.8726 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 21,505 | 5.8739 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 252 | 5.8740 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 2,570 | 5.8749 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 1,855 | 5.8770 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 33,587 | 5.8774 GBP |
| 32 17/19p ordinary | CFD | Opening a short position | 31,816 | 5.8774 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 3,707 | 5.8784 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 7,723 | 5.8816 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 3,744 | 5.8827 GBP |
| 32 17/19p ordinary | CFD | Increasing a long position | 2,992 | 5.8832 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 509 | 5.8881 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 46,114 | 5.8947 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 533 | 5.8971 GBP |
| 32 17/19p ordinary | CFD | Increasing a short position | 1,744 | 5.9021 GBP |
| 32 17/19p ordinary | CFD | Reducing a short position | 11,686 | 5.9056 GBP |
| 32 17/19p ordinary | CFD | Reducing a long position | 7,655 | 5.9085 GBP |
(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: | 16 May 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.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.