BNP Paribas London Form 8.3 - Aviva plc

RNS Number : 4361Q

BNP Paribas London

17 December 2024

 

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	16/12/2024
(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:

GB00BPQY8M80 (32 17/19p ordinary)

 

Interests

Short Positions

 

	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	19,284,699	.72	-22,398,800	-.84
(2) Cash-settled derivatives:	5,213,606	.19	-12,856,095	-.48
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	590,000	.02	-44,000	-.00
TOTAL:	25,088,305	.94	-35,298,895	-1.32

 

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	38	4.7300 GBP
GB00BPQY8M80	Purchase	38	4.7330 GBP
GB00BPQY8M80	Purchase	39	4.7340 GBP
GB00BPQY8M80	Purchase	51	4.7350 GBP
GB00BPQY8M80	Purchase	56	4.7590 GBP
GB00BPQY8M80	Purchase	60	4.7350 GBP
GB00BPQY8M80	Purchase	105	4.7590 GBP
GB00BPQY8M80	Purchase	290	4.7275 GBP
GB00BPQY8M80	Purchase	294	4.7286 GBP
GB00BPQY8M80	Purchase	295	4.7296 GBP
GB00BPQY8M80	Purchase	303	4.7301 GBP
GB00BPQY8M80	Purchase	330	4.7291 GBP
GB00BPQY8M80	Purchase	525	4.7350 GBP
GB00BPQY8M80	Purchase	952	4.7170 GBP
GB00BPQY8M80	Purchase	1,115	4.7107 GBP
GB00BPQY8M80	Purchase	3,410	4.7000 GBP
GB00BPQY8M80	Purchase	4,279	4.7007 GBP
GB00BPQY8M80	Purchase	4,516	4.7145 GBP
GB00BPQY8M80	Purchase	5,635	4.7245 GBP
GB00BPQY8M80	Purchase	7,523	4.7382 GBP
GB00BPQY8M80	Purchase	9,693	4.7230 GBP
GB00BPQY8M80	Purchase	11,845	4.7000 GBP
GB00BPQY8M80	Purchase	13,139	4.7206 GBP
GB00BPQY8M80	Purchase	14,273	4.7205 GBP
GB00BPQY8M80	Purchase	22,645	4.7314 GBP
GB00BPQY8M80	Purchase	28,648	4.7016 GBP
GB00BPQY8M80	Purchase	39,730	4.7266 GBP
GB00BPQY8M80	Purchase	42,279	4.7140 GBP
GB00BPQY8M80	Purchase	55,214	4.7369 GBP
GB00BPQY8M80	Purchase	58,175	4.7007 GBP
GB00BPQY8M80	Purchase	63,125	4.7173 GBP
GB00BPQY8M80	Purchase	71,675	4.7350 GBP
GB00BPQY8M80	Purchase	731,561	4.7000 GBP
GB00BPQY8M80	Sale	-731,561	4.7000 GBP
GB00BPQY8M80	Sale	-164,043	4.7310 GBP
GB00BPQY8M80	Sale	-94,382	4.7000 GBP
GB00BPQY8M80	Sale	-60,542	4.7226 GBP
GB00BPQY8M80	Sale	-49,780	4.7000 GBP
GB00BPQY8M80	Sale	-34,533	4.7350 GBP
GB00BPQY8M80	Sale	-15,217	4.7270 GBP
GB00BPQY8M80	Sale	-14,659	4.7346 GBP
GB00BPQY8M80	Sale	-12,549	4.7000 GBP
GB00BPQY8M80	Sale	-12,401	4.7119 GBP
GB00BPQY8M80	Sale	-12,267	4.7349 GBP
GB00BPQY8M80	Sale	-8,377	4.7122 GBP
GB00BPQY8M80	Sale	-7,287	4.7299 GBP
GB00BPQY8M80	Sale	-6,944	4.7355 GBP
GB00BPQY8M80	Sale	-6,079	4.7353 GBP
GB00BPQY8M80	Sale	-4,618	4.7107 GBP
GB00BPQY8M80	Sale	-3,410	4.7000 GBP
GB00BPQY8M80	Sale	-3,201	4.7287 GBP
GB00BPQY8M80	Sale	-2,597	4.7000 GBP
GB00BPQY8M80	Sale	-2,435	4.7000 GBP
GB00BPQY8M80	Sale	-2,433	4.7000 GBP
GB00BPQY8M80	Sale	-1,513	4.6999 GBP
GB00BPQY8M80	Sale	-1,413	4.7352 GBP
GB00BPQY8M80	Sale	-1,115	4.7107 GBP
GB00BPQY8M80	Sale	-765	4.7009 GBP
GB00BPQY8M80	Sale	-699	4.7610 GBP
GB00BPQY8M80	Sale	-600	4.7278 GBP
GB00BPQY8M80	Sale	-415	4.7275 GBP
GB00BPQY8M80	Sale	-413	4.7092 GBP
GB00BPQY8M80	Sale	-330	4.7291 GBP
GB00BPQY8M80	Sale	-327	4.7459 GBP
GB00BPQY8M80	Sale	-303	4.7301 GBP
GB00BPQY8M80	Sale	-295	4.7296 GBP
GB00BPQY8M80	Sale	-294	4.7286 GBP
GB00BPQY8M80	Sale	-290	4.7275 GBP
GB00BPQY8M80	Sale	-288	4.7000 GBP
GB00BPQY8M80	Sale	-123	4.7105 GBP
GB00BPQY8M80	Sale	-103	4.7092 GBP
GB00BPQY8M80	Sale	-76	4.7089 GBP
GB00BPQY8M80	Sale	-76	4.7126 GBP
GB00BPQY8M80	Sale	-71	4.7053 GBP
GB00BPQY8M80	Sale	-8	4.7070 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 references securities	Price per unit
GB00BPQY8M80	Contract for Difference	Opening Long Position	3,010	4.7000 GBP
GB00BPQY8M80	Contract for Difference	Closing Short Position	191	4.7000 GBP
GB00BPQY8M80	Contract for Difference	Increasing Short Position	-13,486	4.7000 GBP
GB00BPQY8M80	Contract for Difference	Increasing Short Position	-83,453	4.7000 GBP
GB00BPQY8M80	Contract for Difference	Increasing Short Position	-11,491	4.7000 GBP
GB00BPQY8M80	Contract for Difference	Increasing Short Position	-56,060	4.7000 GBP
GB00BPQY8M80	Contract for Difference	Reducing Long Position	-62,454	4.7000 GBP
GB00BPQY8M80	Contract for Difference	Reducing Short Position	1,968	4.7000 GBP
GB00BPQY8M80	Contract for Difference	Reducing Short Position	2,735	4.7000 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)

 

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)

Indemnity and other dealing arrangements

 

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:	17/12/2024
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 [phone].

 

*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	4.7	american	19/12/2025
32 17/19p ordinary (GB00BPQY8M80)	Put Option	W	400000	4.7	american	20/12/2024
32 17/19p ordinary (GB00BPQY8M80)	Put Option	P	-44000	4.7	american	20/12/2024
32 17/19p ordinary (GB00BPQY8M80)	Call Option	P	104000	4.7	american	20/12/2024

 

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 [phone].

 

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk

 

 

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