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 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 If YES, specify which: 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: | 9,629,002 | 0.3596 | -18,709,867 | -0.6987 |
| (2) Cash-settled derivatives: | 11,170,298 | 0.4171 | -3,314,751 | -0.1238 |
| (3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 586,000 | 0.0219 | -36,000 | -0.0013 |
| TOTAL: | 21,385,300 | 0.7986 | -22,060,618 | -0.8238 |
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 | 1 | 5.8530 GBP |
| GB00BPQY8M80 | Purchase | 1 | 5.8927 GBP |
| GB00BPQY8M80 | Purchase | 1 | 5.8929 GBP |
| GB00BPQY8M80 | Purchase | 1 | 5.9000 GBP |
| GB00BPQY8M80 | Purchase | 2 | 5.9043 GBP |
| GB00BPQY8M80 | Purchase | 5 | 5.8687 GBP |
| GB00BPQY8M80 | Purchase | 6 | 5.7342 GBP |
| GB00BPQY8M80 | Purchase | 10 | 5.8785 GBP |
| GB00BPQY8M80 | Purchase | 12 | 5.8600 GBP |
| GB00BPQY8M80 | Purchase | 14 | 5.8520 GBP |
| GB00BPQY8M80 | Purchase | 14 | 5.8571 GBP |
| GB00BPQY8M80 | Purchase | 15 | 5.7633 GBP |
| GB00BPQY8M80 | Purchase | 34 | 5.8520 GBP |
| GB00BPQY8M80 | Purchase | 34 | 5.8560 GBP |
| GB00BPQY8M80 | Purchase | 36 | 5.8540 GBP |
| GB00BPQY8M80 | Purchase | 37 | 5.8540 GBP |
| GB00BPQY8M80 | Purchase | 47 | 5.9020 GBP |
| GB00BPQY8M80 | Purchase | 51 | 5.9111 GBP |
| GB00BPQY8M80 | Purchase | 73 | 5.8560 GBP |
| GB00BPQY8M80 | Purchase | 75 | 5.9063 GBP |
| GB00BPQY8M80 | Purchase | 77 | 5.7637 GBP |
| GB00BPQY8M80 | Purchase | 78 | 5.9043 GBP |
| GB00BPQY8M80 | Purchase | 88 | 5.7636 GBP |
| GB00BPQY8M80 | Purchase | 89 | 5.7123 GBP |
| GB00BPQY8M80 | Purchase | 102 | 5.8546 GBP |
| GB00BPQY8M80 | Purchase | 111 | 5.7332 GBP |
| GB00BPQY8M80 | Purchase | 120 | 5.8828 GBP |
| GB00BPQY8M80 | Purchase | 121 | 5.8941 GBP |
| GB00BPQY8M80 | Purchase | 141 | 5.8997 GBP |
| GB00BPQY8M80 | Purchase | 155 | 5.8788 GBP |
| GB00BPQY8M80 | Purchase | 174 | 5.8849 GBP |
| GB00BPQY8M80 | Purchase | 181 | 5.8560 GBP |
| GB00BPQY8M80 | Purchase | 183 | 5.8780 GBP |
| GB00BPQY8M80 | Purchase | 196 | 5.8481 GBP |
| GB00BPQY8M80 | Purchase | 203 | 5.8462 GBP |
| GB00BPQY8M80 | Purchase | 218 | 5.9047 GBP |
| GB00BPQY8M80 | Purchase | 223 | 5.8459 GBP |
| GB00BPQY8M80 | Purchase | 237 | 5.8416 GBP |
| GB00BPQY8M80 | Purchase | 245 | 5.8662 GBP |
| GB00BPQY8M80 | Purchase | 248 | 5.8770 GBP |
| GB00BPQY8M80 | Purchase | 252 | 5.8561 GBP |
| GB00BPQY8M80 | Purchase | 284 | 5.8987 GBP |
| GB00BPQY8M80 | Purchase | 289 | 5.8701 GBP |
| GB00BPQY8M80 | Purchase | 318 | 5.9027 GBP |
| GB00BPQY8M80 | Purchase | 325 | 5.8786 GBP |
| GB00BPQY8M80 | Purchase | 339 | 5.8559 GBP |
| GB00BPQY8M80 | Purchase | 345 | 5.8925 GBP |
| GB00BPQY8M80 | Purchase | 346 | 5.8624 GBP |
| GB00BPQY8M80 | Purchase | 348 | 5.9074 GBP |
| GB00BPQY8M80 | Purchase | 353 | 5.9100 GBP |
| GB00BPQY8M80 | Purchase | 358 | 5.9003 GBP |
| GB00BPQY8M80 | Purchase | 371 | 5.8578 GBP |
| GB00BPQY8M80 | Purchase | 376 | 5.8624 GBP |
| GB00BPQY8M80 | Purchase | 376 | 5.9097 GBP |
| GB00BPQY8M80 | Purchase | 377 | 5.8524 GBP |
| GB00BPQY8M80 | Purchase | 383 | 5.9015 GBP |
| GB00BPQY8M80 | Purchase | 400 | 5.7079 GBP |
| GB00BPQY8M80 | Purchase | 402 | 5.9112 GBP |
| GB00BPQY8M80 | Purchase | 413 | 5.9016 GBP |
| GB00BPQY8M80 | Purchase | 420 | 5.9010 GBP |
| GB00BPQY8M80 | Purchase | 428 | 5.8998 GBP |
| GB00BPQY8M80 | Purchase | 430 | 5.9032 GBP |
| GB00BPQY8M80 | Purchase | 433 | 5.7261 GBP |
| GB00BPQY8M80 | Purchase | 447 | 5.8527 GBP |
| GB00BPQY8M80 | Purchase | 451 | 5.9040 GBP |
| GB00BPQY8M80 | Purchase | 461 | 5.8560 GBP |
| GB00BPQY8M80 | Purchase | 473 | 5.7332 GBP |
| GB00BPQY8M80 | Purchase | 476 | 5.8580 GBP |
| GB00BPQY8M80 | Purchase | 496 | 5.8954 GBP |
| GB00BPQY8M80 | Purchase | 517 | 5.8746 GBP |
| GB00BPQY8M80 | Purchase | 557 | 5.8606 GBP |
| GB00BPQY8M80 | Purchase | 599 | 5.8546 GBP |
| GB00BPQY8M80 | Purchase | 622 | 5.8531 GBP |
| GB00BPQY8M80 | Purchase | 636 | 5.8547 GBP |
| GB00BPQY8M80 | Purchase | 646 | 5.8529 GBP |
| GB00BPQY8M80 | Purchase | 702 | 5.8519 GBP |
| GB00BPQY8M80 | Purchase | 725 | 5.8953 GBP |
| GB00BPQY8M80 | Purchase | 748 | 5.8578 GBP |
| GB00BPQY8M80 | Purchase | 764 | 5.8549 GBP |
| GB00BPQY8M80 | Purchase | 835 | 5.8828 GBP |
| GB00BPQY8M80 | Purchase | 939 | 5.8580 GBP |
| GB00BPQY8M80 | Purchase | 971 | 5.8766 GBP |
| GB00BPQY8M80 | Purchase | 1,003 | 5.8815 GBP |
| GB00BPQY8M80 | Purchase | 1,063 | 5.6938 GBP |
| GB00BPQY8M80 | Purchase | 1,100 | 5.6948 GBP |
| GB00BPQY8M80 | Purchase | 1,241 | 5.8708 GBP |
| GB00BPQY8M80 | Purchase | 1,313 | 5.7083 GBP |
| GB00BPQY8M80 | Purchase | 1,315 | 5.8530 GBP |
| GB00BPQY8M80 | Purchase | 1,339 | 5.8687 GBP |
| GB00BPQY8M80 | Purchase | 1,469 | 5.9052 GBP |
| GB00BPQY8M80 | Purchase | 1,599 | 5.9000 GBP |
| GB00BPQY8M80 | Purchase | 1,600 | 5.7094 GBP |
| GB00BPQY8M80 | Purchase | 1,646 | 5.8986 GBP |
| GB00BPQY8M80 | Purchase | 1,772 | 5.7292 GBP |
| GB00BPQY8M80 | Purchase | 2,000 | 5.9000 GBP |
| GB00BPQY8M80 | Purchase | 5,883 | 5.8569 GBP |
| GB00BPQY8M80 | Purchase | 6,647 | 5.8560 GBP |
| GB00BPQY8M80 | Purchase | 10,630 | 5.8560 GBP |
| GB00BPQY8M80 | Purchase | 11,663 | 5.8629 GBP |
| GB00BPQY8M80 | Purchase | 12,517 | 5.8466 GBP |
| GB00BPQY8M80 | Purchase | 16,932 | 5.8512 GBP |
| GB00BPQY8M80 | Purchase | 25,034 | 5.8528 GBP |
| GB00BPQY8M80 | Purchase | 36,366 | 5.8616 GBP |
| GB00BPQY8M80 | Purchase | 41,021 | 5.8551 GBP |
| GB00BPQY8M80 | Purchase | 62,538 | 5.8430 GBP |
| GB00BPQY8M80 | Purchase | 62,584 | 5.8547 GBP |
| GB00BPQY8M80 | Purchase | 68,081 | 5.8575 GBP |
| GB00BPQY8M80 | Purchase | 178,793 | 5.8560 GBP |
| GB00BPQY8M80 | Purchase | 200,000 | 5.8560 GBP |
| GB00BPQY8M80 | Purchase | 265,030 | 5.8530 GBP |
| GB00BPQY8M80 | Sale | -1,006,540 | 5.7080 GBP |
| GB00BPQY8M80 | Sale | -305,026 | 5.8559 GBP |
| GB00BPQY8M80 | Sale | -218,702 | 5.8678 GBP |
| GB00BPQY8M80 | Sale | -112,467 | 5.8560 GBP |
| GB00BPQY8M80 | Sale | -78,450 | 5.8554 GBP |
| GB00BPQY8M80 | Sale | -76,942 | 5.8560 GBP |
| GB00BPQY8M80 | Sale | -59,958 | 5.8560 GBP |
| GB00BPQY8M80 | Sale | -52,550 | 5.8560 GBP |
| GB00BPQY8M80 | Sale | -49,675 | 5.8678 GBP |
| GB00BPQY8M80 | Sale | -47,881 | 5.8591 GBP |
| GB00BPQY8M80 | Sale | -47,087 | 5.8864 GBP |
| GB00BPQY8M80 | Sale | -46,588 | 5.7655 GBP |
| GB00BPQY8M80 | Sale | -36,696 | 5.7126 GBP |
| GB00BPQY8M80 | Sale | -31,816 | 5.8768 GBP |
| GB00BPQY8M80 | Sale | -28,469 | 5.8560 GBP |
| GB00BPQY8M80 | Sale | -28,045 | 5.8560 GBP |
| GB00BPQY8M80 | Sale | -18,888 | 5.8650 GBP |
| GB00BPQY8M80 | Sale | -13,684 | 5.8678 GBP |
| GB00BPQY8M80 | Sale | -13,172 | 5.8700 GBP |
| GB00BPQY8M80 | Sale | -12,116 | 5.8560 GBP |
| GB00BPQY8M80 | Sale | -10,802 | 5.8543 GBP |
| GB00BPQY8M80 | Sale | -10,132 | 5.8109 GBP |
| GB00BPQY8M80 | Sale | -9,229 | 5.8678 GBP |
| GB00BPQY8M80 | Sale | -7,953 | 5.8740 GBP |
| GB00BPQY8M80 | Sale | -7,186 | 5.8700 GBP |
| GB00BPQY8M80 | Sale | -7,076 | 5.8680 GBP |
| GB00BPQY8M80 | Sale | -7,046 | 5.8720 GBP |
| GB00BPQY8M80 | Sale | -6,718 | 5.8547 GBP |
| GB00BPQY8M80 | Sale | -6,280 | 5.8778 GBP |
| GB00BPQY8M80 | Sale | -5,928 | 5.8570 GBP |
| GB00BPQY8M80 | Sale | -5,728 | 5.8677 GBP |
| GB00BPQY8M80 | Sale | -4,824 | 5.8583 GBP |
| GB00BPQY8M80 | Sale | -4,752 | 5.8720 GBP |
| GB00BPQY8M80 | Sale | -4,708 | 5.8600 GBP |
| GB00BPQY8M80 | Sale | -3,577 | 5.8496 GBP |
| GB00BPQY8M80 | Sale | -3,408 | 5.8576 GBP |
| GB00BPQY8M80 | Sale | -2,815 | 5.8680 GBP |
| GB00BPQY8M80 | Sale | -2,000 | 5.9000 GBP |
| GB00BPQY8M80 | Sale | -1,772 | 5.7292 GBP |
| GB00BPQY8M80 | Sale | -1,770 | 5.8810 GBP |
| GB00BPQY8M80 | Sale | -1,770 | 5.8830 GBP |
| GB00BPQY8M80 | Sale | -1,698 | 5.7941 GBP |
| GB00BPQY8M80 | Sale | -1,646 | 5.8986 GBP |
| GB00BPQY8M80 | Sale | -1,600 | 5.7094 GBP |
| GB00BPQY8M80 | Sale | -1,599 | 5.9000 GBP |
| GB00BPQY8M80 | Sale | -1,469 | 5.9052 GBP |
| GB00BPQY8M80 | Sale | -1,339 | 5.8687 GBP |
| GB00BPQY8M80 | Sale | -1,313 | 5.7083 GBP |
| GB00BPQY8M80 | Sale | -1,241 | 5.8708 GBP |
| GB00BPQY8M80 | Sale | -1,100 | 5.6948 GBP |
| GB00BPQY8M80 | Sale | -1,063 | 5.6938 GBP |
| GB00BPQY8M80 | Sale | -1,022 | 5.8480 GBP |
| GB00BPQY8M80 | Sale | -1,022 | 5.8480 GBP |
| GB00BPQY8M80 | Sale | -1,022 | 5.8500 GBP |
| GB00BPQY8M80 | Sale | -1,022 | 5.8520 GBP |
| GB00BPQY8M80 | Sale | -1,003 | 5.8815 GBP |
| GB00BPQY8M80 | Sale | -971 | 5.8766 GBP |
| GB00BPQY8M80 | Sale | -939 | 5.8580 GBP |
| GB00BPQY8M80 | Sale | -835 | 5.8828 GBP |
| GB00BPQY8M80 | Sale | -764 | 5.8549 GBP |
| GB00BPQY8M80 | Sale | -748 | 5.8578 GBP |
| GB00BPQY8M80 | Sale | -747 | 5.8560 GBP |
| GB00BPQY8M80 | Sale | -725 | 5.8953 GBP |
| GB00BPQY8M80 | Sale | -702 | 5.8519 GBP |
| GB00BPQY8M80 | Sale | -698 | 5.8910 GBP |
| GB00BPQY8M80 | Sale | -646 | 5.8529 GBP |
| GB00BPQY8M80 | Sale | -636 | 5.8547 GBP |
| GB00BPQY8M80 | Sale | -622 | 5.8531 GBP |
| GB00BPQY8M80 | Sale | -604 | 5.8480 GBP |
| GB00BPQY8M80 | Sale | -599 | 5.8546 GBP |
| GB00BPQY8M80 | Sale | -567 | 5.8500 GBP |
| GB00BPQY8M80 | Sale | -557 | 5.8606 GBP |
| GB00BPQY8M80 | Sale | -517 | 5.8746 GBP |
| GB00BPQY8M80 | Sale | -496 | 5.8954 GBP |
| GB00BPQY8M80 | Sale | -476 | 5.8580 GBP |
| GB00BPQY8M80 | Sale | -473 | 5.7332 GBP |
| GB00BPQY8M80 | Sale | -451 | 5.9040 GBP |
| GB00BPQY8M80 | Sale | -447 | 5.8527 GBP |
| GB00BPQY8M80 | Sale | -443 | 5.7200 GBP |
| GB00BPQY8M80 | Sale | -433 | 5.7261 GBP |
| GB00BPQY8M80 | Sale | -432 | 5.8560 GBP |
| GB00BPQY8M80 | Sale | -430 | 5.9032 GBP |
| GB00BPQY8M80 | Sale | -428 | 5.8998 GBP |
| GB00BPQY8M80 | Sale | -420 | 5.9010 GBP |
| GB00BPQY8M80 | Sale | -413 | 5.9016 GBP |
| GB00BPQY8M80 | Sale | -402 | 5.9112 GBP |
| GB00BPQY8M80 | Sale | -400 | 5.7079 GBP |
| GB00BPQY8M80 | Sale | -383 | 5.9015 GBP |
| GB00BPQY8M80 | Sale | -377 | 5.8524 GBP |
| GB00BPQY8M80 | Sale | -376 | 5.8624 GBP |
| GB00BPQY8M80 | Sale | -376 | 5.9097 GBP |
| GB00BPQY8M80 | Sale | -371 | 5.8578 GBP |
| GB00BPQY8M80 | Sale | -358 | 5.9003 GBP |
| GB00BPQY8M80 | Sale | -353 | 5.9100 GBP |
| GB00BPQY8M80 | Sale | -348 | 5.9074 GBP |
| GB00BPQY8M80 | Sale | -346 | 5.8624 GBP |
| GB00BPQY8M80 | Sale | -345 | 5.8925 GBP |
| GB00BPQY8M80 | Sale | -339 | 5.8559 GBP |
| GB00BPQY8M80 | Sale | -325 | 5.8786 GBP |
| GB00BPQY8M80 | Sale | -322 | 5.8920 GBP |
| GB00BPQY8M80 | Sale | -318 | 5.9027 GBP |
| GB00BPQY8M80 | Sale | -304 | 5.8534 GBP |
| GB00BPQY8M80 | Sale | -296 | 5.6880 GBP |
| GB00BPQY8M80 | Sale | -290 | 5.8514 GBP |
| GB00BPQY8M80 | Sale | -289 | 5.8701 GBP |
| GB00BPQY8M80 | Sale | -284 | 5.8987 GBP |
| GB00BPQY8M80 | Sale | -275 | 5.8580 GBP |
| GB00BPQY8M80 | Sale | -252 | 5.8561 GBP |
| GB00BPQY8M80 | Sale | -248 | 5.8770 GBP |
| GB00BPQY8M80 | Sale | -245 | 5.8662 GBP |
| GB00BPQY8M80 | Sale | -237 | 5.8416 GBP |
| GB00BPQY8M80 | Sale | -228 | 5.8700 GBP |
| GB00BPQY8M80 | Sale | -223 | 5.8459 GBP |
| GB00BPQY8M80 | Sale | -218 | 5.9047 GBP |
| GB00BPQY8M80 | Sale | -203 | 5.8462 GBP |
| GB00BPQY8M80 | Sale | -196 | 5.8481 GBP |
| GB00BPQY8M80 | Sale | -183 | 5.8780 GBP |
| GB00BPQY8M80 | Sale | -174 | 5.8849 GBP |
| GB00BPQY8M80 | Sale | -155 | 5.8538 GBP |
| GB00BPQY8M80 | Sale | -155 | 5.8788 GBP |
| GB00BPQY8M80 | Sale | -141 | 5.8997 GBP |
| GB00BPQY8M80 | Sale | -121 | 5.8941 GBP |
| GB00BPQY8M80 | Sale | -120 | 5.8828 GBP |
| GB00BPQY8M80 | Sale | -111 | 5.7332 GBP |
| GB00BPQY8M80 | Sale | -109 | 5.8560 GBP |
| GB00BPQY8M80 | Sale | -106 | 5.8600 GBP |
| GB00BPQY8M80 | Sale | -102 | 5.8546 GBP |
| GB00BPQY8M80 | Sale | -89 | 5.7123 GBP |
| GB00BPQY8M80 | Sale | -88 | 5.7636 GBP |
| GB00BPQY8M80 | Sale | -78 | 5.9043 GBP |
| GB00BPQY8M80 | Sale | -77 | 5.7637 GBP |
| GB00BPQY8M80 | Sale | -75 | 5.9063 GBP |
| GB00BPQY8M80 | Sale | -51 | 5.9111 GBP |
| GB00BPQY8M80 | Sale | -47 | 5.9020 GBP |
| GB00BPQY8M80 | Sale | -18 | 5.7480 GBP |
| GB00BPQY8M80 | Sale | -15 | 5.7633 GBP |
| GB00BPQY8M80 | Sale | -14 | 5.8571 GBP |
| GB00BPQY8M80 | Sale | -10 | 5.8785 GBP |
| GB00BPQY8M80 | Sale | -6 | 5.7342 GBP |
| GB00BPQY8M80 | Sale | -5 | 5.8687 GBP |
| GB00BPQY8M80 | Sale | -2 | 5.9043 GBP |
| GB00BPQY8M80 | Sale | -1 | 5.8530 GBP |
| GB00BPQY8M80 | Sale | -1 | 5.8927 GBP |
| GB00BPQY8M80 | Sale | -1 | 5.8929 GBP |
| GB00BPQY8M80 | Sale | -1 | 5.9000 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 |
| GB00BPQY8M80 | Contract for Difference | Opening Long Position | 417,588 | 5.8560 |
| GB00BPQY8M80 | Contract for Difference | Closing Long Position | -125,169 | 5.8560 |
| GB00BPQY8M80 | Contract for Difference | Closing Short Position | 173,419 | 5.8560 |
| GB00BPQY8M80 | Contract for Difference | Closing Short Position | 1,006,540 | 5.8560 |
| GB00BPQY8M80 | Contract for Difference | Reducing Long Position | -189,423 | 5.8560 |
| GB00BPQY8M80 | Contract for Difference | Reducing Long Position | -5,883 | 5.8560 |
| GB00BPQY8M80 | Contract for Difference | Reducing Short Position | 16,004 | 5.8560 |
| GB00BPQY8M80 | Contract for Difference | Reducing Short Position | 296 | 5.8560 |
| GB00BPQY8M80 | Contract for Difference | Reducing Short Position | 12,958 | 5.8560 |
| GB00BPQY8M80 | Contract for Difference | Reducing Short Position | 172,125 | 5.8560 |
| GB00BPQY8M80 | Contract for Difference | Reducing Short Position | 149,238 | 5.8560 |
(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? | Yes |
Date of disclosure: | 16/05/2025 |
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.
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 relevant securities the disclosure relates: | Aviva plc |
| 2. | STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS) | |
| Class of relevant security | Product description e.g. call option | Written or purchased | Number of securities to which option or derivative relates | Exercise price per unit | Type e.g. American, European etc. | Expiry date |
| 32 17/19p ordinary (GB00BPQY8M80) | Call Option | P | 86000 | 5.856 | american | 19/12/2025 |
| 32 17/19p ordinary (GB00BPQY8M80) | Put Option | W | 500000 | 5.856 | american | 18/12/2026 |
| 32 17/19p ordinary (GB00BPQY8M80) | Put Option | P | -36000 | 5.856 | 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: |
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| 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 | |
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