BNP Paribas London Form 8.3 - Aviva plc

RNS Number : 7226W

BNP Paribas London

11 February 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:	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	10/02/2025
(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:	19,617,673	0.7326	-21,079,628	-0.7872
(2) Cash-settled derivatives:	5,004,033	0.1869	-13,100,760	-0.4893
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	586,000	0.0219	+0	+0.0000
TOTAL:	25,207,706	0.9414	-34,180,388	-1.2765

 

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	18	5.0717 GBP
GB00BPQY8M80	Purchase	22	5.0712 GBP
GB00BPQY8M80	Purchase	35	5.0753 GBP
GB00BPQY8M80	Purchase	49	5.1321 GBP
GB00BPQY8M80	Purchase	55	5.0620 GBP
GB00BPQY8M80	Purchase	56	5.0640 GBP
GB00BPQY8M80	Purchase	57	5.0640 GBP
GB00BPQY8M80	Purchase	58	5.1062 GBP
GB00BPQY8M80	Purchase	59	5.0756 GBP
GB00BPQY8M80	Purchase	67	5.0869 GBP
GB00BPQY8M80	Purchase	67	5.0869 GBP
GB00BPQY8M80	Purchase	75	5.0620 GBP
GB00BPQY8M80	Purchase	77	5.0710 GBP
GB00BPQY8M80	Purchase	79	5.0748 GBP
GB00BPQY8M80	Purchase	81	5.1340 GBP
GB00BPQY8M80	Purchase	89	5.0720 GBP
GB00BPQY8M80	Purchase	94	5.0720 GBP
GB00BPQY8M80	Purchase	112	5.0744 GBP
GB00BPQY8M80	Purchase	123	5.1340 GBP
GB00BPQY8M80	Purchase	124	5.0720 GBP
GB00BPQY8M80	Purchase	129	5.0793 GBP
GB00BPQY8M80	Purchase	135	5.0803 GBP
GB00BPQY8M80	Purchase	146	5.1035 GBP
GB00BPQY8M80	Purchase	150	5.0700 GBP
GB00BPQY8M80	Purchase	163	5.0750 GBP
GB00BPQY8M80	Purchase	168	5.1265 GBP
GB00BPQY8M80	Purchase	187	5.1314 GBP
GB00BPQY8M80	Purchase	227	5.1369 GBP
GB00BPQY8M80	Purchase	231	5.1373 GBP
GB00BPQY8M80	Purchase	251	5.0742 GBP
GB00BPQY8M80	Purchase	310	5.1348 GBP
GB00BPQY8M80	Purchase	321	5.0851 GBP
GB00BPQY8M80	Purchase	420	5.0710 GBP
GB00BPQY8M80	Purchase	421	5.1265 GBP
GB00BPQY8M80	Purchase	422	5.0720 GBP
GB00BPQY8M80	Purchase	440	5.0723 GBP
GB00BPQY8M80	Purchase	462	5.0680 GBP
GB00BPQY8M80	Purchase	474	5.0740 GBP
GB00BPQY8M80	Purchase	479	5.1354 GBP
GB00BPQY8M80	Purchase	505	5.1341 GBP
GB00BPQY8M80	Purchase	531	5.0847 GBP
GB00BPQY8M80	Purchase	563	5.0726 GBP
GB00BPQY8M80	Purchase	575	5.0750 GBP
GB00BPQY8M80	Purchase	696	5.1149 GBP
GB00BPQY8M80	Purchase	704	5.0799 GBP
GB00BPQY8M80	Purchase	712	5.0733 GBP
GB00BPQY8M80	Purchase	713	5.0892 GBP
GB00BPQY8M80	Purchase	751	5.0730 GBP
GB00BPQY8M80	Purchase	765	5.0779 GBP
GB00BPQY8M80	Purchase	780	5.0794 GBP
GB00BPQY8M80	Purchase	836	5.0767 GBP
GB00BPQY8M80	Purchase	846	5.0845 GBP
GB00BPQY8M80	Purchase	887	5.0710 GBP
GB00BPQY8M80	Purchase	932	5.0697 GBP
GB00BPQY8M80	Purchase	1,000	5.1320 GBP
GB00BPQY8M80	Purchase	1,032	5.0715 GBP
GB00BPQY8M80	Purchase	1,041	5.0685 GBP
GB00BPQY8M80	Purchase	1,087	5.0712 GBP
GB00BPQY8M80	Purchase	1,139	5.0733 GBP
GB00BPQY8M80	Purchase	1,145	5.0784 GBP
GB00BPQY8M80	Purchase	1,173	5.0750 GBP
GB00BPQY8M80	Purchase	1,219	5.0744 GBP
GB00BPQY8M80	Purchase	1,222	5.0738 GBP
GB00BPQY8M80	Purchase	1,327	5.0712 GBP
GB00BPQY8M80	Purchase	1,416	5.0841 GBP
GB00BPQY8M80	Purchase	1,443	5.0740 GBP
GB00BPQY8M80	Purchase	1,489	5.0710 GBP
GB00BPQY8M80	Purchase	1,553	5.0713 GBP
GB00BPQY8M80	Purchase	1,616	5.0832 GBP
GB00BPQY8M80	Purchase	1,731	5.0735 GBP
GB00BPQY8M80	Purchase	1,808	5.0717 GBP
GB00BPQY8M80	Purchase	1,893	5.0720 GBP
GB00BPQY8M80	Purchase	1,928	5.0740 GBP
GB00BPQY8M80	Purchase	2,079	5.0740 GBP
GB00BPQY8M80	Purchase	2,261	5.0779 GBP
GB00BPQY8M80	Purchase	2,288	5.0834 GBP
GB00BPQY8M80	Purchase	2,297	5.0809 GBP
GB00BPQY8M80	Purchase	2,301	5.0710 GBP
GB00BPQY8M80	Purchase	2,321	5.0752 GBP
GB00BPQY8M80	Purchase	2,359	5.0744 GBP
GB00BPQY8M80	Purchase	2,373	5.0818 GBP
GB00BPQY8M80	Purchase	2,401	5.0735 GBP
GB00BPQY8M80	Purchase	2,411	5.0841 GBP
GB00BPQY8M80	Purchase	2,491	5.0809 GBP
GB00BPQY8M80	Purchase	2,530	5.0671 GBP
GB00BPQY8M80	Purchase	2,632	5.0732 GBP
GB00BPQY8M80	Purchase	2,734	5.0716 GBP
GB00BPQY8M80	Purchase	2,810	5.1370 GBP
GB00BPQY8M80	Purchase	3,046	5.0751 GBP
GB00BPQY8M80	Purchase	4,434	5.1096 GBP
GB00BPQY8M80	Purchase	6,449	5.0754 GBP
GB00BPQY8M80	Purchase	6,749	5.1351 GBP
GB00BPQY8M80	Purchase	7,397	5.1048 GBP
GB00BPQY8M80	Purchase	12,306	5.0720 GBP
GB00BPQY8M80	Purchase	13,118	5.0905 GBP
GB00BPQY8M80	Purchase	14,183	5.0716 GBP
GB00BPQY8M80	Purchase	20,260	5.0728 GBP
GB00BPQY8M80	Purchase	26,351	5.0787 GBP
GB00BPQY8M80	Purchase	32,889	5.0866 GBP
GB00BPQY8M80	Purchase	33,438	5.1030 GBP
GB00BPQY8M80	Purchase	35,477	5.1038 GBP
GB00BPQY8M80	Purchase	39,375	5.1320 GBP
GB00BPQY8M80	Purchase	39,488	5.1032 GBP
GB00BPQY8M80	Purchase	40,000	5.1320 GBP
GB00BPQY8M80	Purchase	58,696	5.0716 GBP
GB00BPQY8M80	Purchase	60,000	5.0740 GBP
GB00BPQY8M80	Purchase	67,883	5.0737 GBP
GB00BPQY8M80	Sale	-250,203	5.0931 GBP
GB00BPQY8M80	Sale	-109,573	5.0760 GBP
GB00BPQY8M80	Sale	-109,573	5.1067 GBP
GB00BPQY8M80	Sale	-87,067	5.0743 GBP
GB00BPQY8M80	Sale	-73,785	5.1069 GBP
GB00BPQY8M80	Sale	-49,752	5.0720 GBP
GB00BPQY8M80	Sale	-30,115	5.0720 GBP
GB00BPQY8M80	Sale	-27,908	5.0750 GBP
GB00BPQY8M80	Sale	-26,485	5.0710 GBP
GB00BPQY8M80	Sale	-26,446	5.1003 GBP
GB00BPQY8M80	Sale	-22,504	5.0720 GBP
GB00BPQY8M80	Sale	-15,984	5.0720 GBP
GB00BPQY8M80	Sale	-15,737	5.0938 GBP
GB00BPQY8M80	Sale	-11,261	5.0720 GBP
GB00BPQY8M80	Sale	-8,114	5.1351 GBP
GB00BPQY8M80	Sale	-7,371	5.0949 GBP
GB00BPQY8M80	Sale	-6,168	5.1117 GBP
GB00BPQY8M80	Sale	-6,074	5.0821 GBP
GB00BPQY8M80	Sale	-5,855	5.0720 GBP
GB00BPQY8M80	Sale	-5,133	5.0808 GBP
GB00BPQY8M80	Sale	-4,948	5.0712 GBP
GB00BPQY8M80	Sale	-4,493	5.0720 GBP
GB00BPQY8M80	Sale	-3,764	5.1208 GBP
GB00BPQY8M80	Sale	-3,746	5.1023 GBP
GB00BPQY8M80	Sale	-3,262	5.0720 GBP
GB00BPQY8M80	Sale	-3,090	5.1075 GBP
GB00BPQY8M80	Sale	-3,046	5.0751 GBP
GB00BPQY8M80	Sale	-2,632	5.0732 GBP
GB00BPQY8M80	Sale	-2,530	5.0671 GBP
GB00BPQY8M80	Sale	-2,491	5.0809 GBP
GB00BPQY8M80	Sale	-2,411	5.0841 GBP
GB00BPQY8M80	Sale	-2,401	5.0735 GBP
GB00BPQY8M80	Sale	-2,373	5.0818 GBP
GB00BPQY8M80	Sale	-2,359	5.0744 GBP
GB00BPQY8M80	Sale	-2,321	5.0752 GBP
GB00BPQY8M80	Sale	-2,301	5.0710 GBP
GB00BPQY8M80	Sale	-2,297	5.0809 GBP
GB00BPQY8M80	Sale	-2,288	5.0834 GBP
GB00BPQY8M80	Sale	-2,261	5.0779 GBP
GB00BPQY8M80	Sale	-2,222	5.0982 GBP
GB00BPQY8M80	Sale	-1,928	5.0740 GBP
GB00BPQY8M80	Sale	-1,893	5.0720 GBP
GB00BPQY8M80	Sale	-1,808	5.0717 GBP
GB00BPQY8M80	Sale	-1,800	5.1335 GBP
GB00BPQY8M80	Sale	-1,731	5.0735 GBP
GB00BPQY8M80	Sale	-1,646	5.0720 GBP
GB00BPQY8M80	Sale	-1,616	5.0832 GBP
GB00BPQY8M80	Sale	-1,553	5.0713 GBP
GB00BPQY8M80	Sale	-1,489	5.0710 GBP
GB00BPQY8M80	Sale	-1,443	5.0740 GBP
GB00BPQY8M80	Sale	-1,416	5.0841 GBP
GB00BPQY8M80	Sale	-1,327	5.0712 GBP
GB00BPQY8M80	Sale	-1,286	5.0780 GBP
GB00BPQY8M80	Sale	-1,238	5.0720 GBP
GB00BPQY8M80	Sale	-1,222	5.0738 GBP
GB00BPQY8M80	Sale	-1,219	5.0744 GBP
GB00BPQY8M80	Sale	-1,173	5.0750 GBP
GB00BPQY8M80	Sale	-1,145	5.0784 GBP
GB00BPQY8M80	Sale	-1,139	5.0733 GBP
GB00BPQY8M80	Sale	-1,087	5.0712 GBP
GB00BPQY8M80	Sale	-1,041	5.0685 GBP
GB00BPQY8M80	Sale	-1,032	5.0715 GBP
GB00BPQY8M80	Sale	-1,000	5.1320 GBP
GB00BPQY8M80	Sale	-980	5.1320 GBP
GB00BPQY8M80	Sale	-957	5.0700 GBP
GB00BPQY8M80	Sale	-932	5.0697 GBP
GB00BPQY8M80	Sale	-932	5.1120 GBP
GB00BPQY8M80	Sale	-932	5.1120 GBP
GB00BPQY8M80	Sale	-910	5.1200 GBP
GB00BPQY8M80	Sale	-887	5.0710 GBP
GB00BPQY8M80	Sale	-846	5.0845 GBP
GB00BPQY8M80	Sale	-836	5.0767 GBP
GB00BPQY8M80	Sale	-824	5.0700 GBP
GB00BPQY8M80	Sale	-824	5.0700 GBP
GB00BPQY8M80	Sale	-811	5.0800 GBP
GB00BPQY8M80	Sale	-798	5.0912 GBP
GB00BPQY8M80	Sale	-792	5.1380 GBP
GB00BPQY8M80	Sale	-780	5.0794 GBP
GB00BPQY8M80	Sale	-765	5.0779 GBP
GB00BPQY8M80	Sale	-751	5.0730 GBP
GB00BPQY8M80	Sale	-712	5.0733 GBP
GB00BPQY8M80	Sale	-704	5.0799 GBP
GB00BPQY8M80	Sale	-696	5.1149 GBP
GB00BPQY8M80	Sale	-674	5.1120 GBP
GB00BPQY8M80	Sale	-614	5.0780 GBP
GB00BPQY8M80	Sale	-604	5.1120 GBP
GB00BPQY8M80	Sale	-597	5.0890 GBP
GB00BPQY8M80	Sale	-575	5.0750 GBP
GB00BPQY8M80	Sale	-569	5.1200 GBP
GB00BPQY8M80	Sale	-563	5.0726 GBP
GB00BPQY8M80	Sale	-561	5.1260 GBP
GB00BPQY8M80	Sale	-531	5.0847 GBP
GB00BPQY8M80	Sale	-520	5.1260 GBP
GB00BPQY8M80	Sale	-505	5.1341 GBP
GB00BPQY8M80	Sale	-483	5.1200 GBP
GB00BPQY8M80	Sale	-481	5.1240 GBP
GB00BPQY8M80	Sale	-479	5.1354 GBP
GB00BPQY8M80	Sale	-462	5.0680 GBP
GB00BPQY8M80	Sale	-440	5.0723 GBP
GB00BPQY8M80	Sale	-433	5.1120 GBP
GB00BPQY8M80	Sale	-430	5.1200 GBP
GB00BPQY8M80	Sale	-422	5.0720 GBP
GB00BPQY8M80	Sale	-420	5.0710 GBP
GB00BPQY8M80	Sale	-413	5.1080 GBP
GB00BPQY8M80	Sale	-393	5.1200 GBP
GB00BPQY8M80	Sale	-355	5.1120 GBP
GB00BPQY8M80	Sale	-354	5.1140 GBP
GB00BPQY8M80	Sale	-339	5.1200 GBP
GB00BPQY8M80	Sale	-339	5.1200 GBP
GB00BPQY8M80	Sale	-336	5.1200 GBP
GB00BPQY8M80	Sale	-322	5.0888 GBP
GB00BPQY8M80	Sale	-322	5.1060 GBP
GB00BPQY8M80	Sale	-321	5.0851 GBP
GB00BPQY8M80	Sale	-310	5.1348 GBP
GB00BPQY8M80	Sale	-302	5.1260 GBP
GB00BPQY8M80	Sale	-296	5.0600 GBP
GB00BPQY8M80	Sale	-296	5.1120 GBP
GB00BPQY8M80	Sale	-296	5.1220 GBP
GB00BPQY8M80	Sale	-295	5.1200 GBP
GB00BPQY8M80	Sale	-295	5.1200 GBP
GB00BPQY8M80	Sale	-295	5.1200 GBP
GB00BPQY8M80	Sale	-295	5.1200 GBP
GB00BPQY8M80	Sale	-251	5.0742 GBP
GB00BPQY8M80	Sale	-251	5.1340 GBP
GB00BPQY8M80	Sale	-251	5.1340 GBP
GB00BPQY8M80	Sale	-249	5.1120 GBP
GB00BPQY8M80	Sale	-241	5.1120 GBP
GB00BPQY8M80	Sale	-231	5.1373 GBP
GB00BPQY8M80	Sale	-227	5.1369 GBP
GB00BPQY8M80	Sale	-193	5.1260 GBP
GB00BPQY8M80	Sale	-190	5.1240 GBP
GB00BPQY8M80	Sale	-187	5.1314 GBP
GB00BPQY8M80	Sale	-163	5.0750 GBP
GB00BPQY8M80	Sale	-159	5.0820 GBP
GB00BPQY8M80	Sale	-154	5.1200 GBP
GB00BPQY8M80	Sale	-135	5.0803 GBP
GB00BPQY8M80	Sale	-135	5.1080 GBP
GB00BPQY8M80	Sale	-132	5.1260 GBP
GB00BPQY8M80	Sale	-129	5.0793 GBP
GB00BPQY8M80	Sale	-127	5.1120 GBP
GB00BPQY8M80	Sale	-124	5.0720 GBP
GB00BPQY8M80	Sale	-112	5.0744 GBP
GB00BPQY8M80	Sale	-94	5.0720 GBP
GB00BPQY8M80	Sale	-89	5.0720 GBP
GB00BPQY8M80	Sale	-83	5.0720 GBP
GB00BPQY8M80	Sale	-83	5.1220 GBP
GB00BPQY8M80	Sale	-79	5.0748 GBP
GB00BPQY8M80	Sale	-77	5.0710 GBP
GB00BPQY8M80	Sale	-67	5.0869 GBP
GB00BPQY8M80	Sale	-59	5.0756 GBP
GB00BPQY8M80	Sale	-58	5.1062 GBP
GB00BPQY8M80	Sale	-50	5.1120 GBP
GB00BPQY8M80	Sale	-49	5.1321 GBP
GB00BPQY8M80	Sale	-45	5.1340 GBP
GB00BPQY8M80	Sale	-45	5.1340 GBP
GB00BPQY8M80	Sale	-36	5.1260 GBP
GB00BPQY8M80	Sale	-35	5.0753 GBP
GB00BPQY8M80	Sale	-22	5.0712 GBP
GB00BPQY8M80	Sale	-21	5.0714 GBP
GB00BPQY8M80	Sale	-18	5.0717 GBP
GB00BPQY8M80	Sale	-6	5.0940 GBP
GB00BPQY8M80	Sale	-3	5.1120 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 Short Position	-6,509	5.0720
GB00BPQY8M80	Contract for Difference	Increasing Long Position	26,485	5.0720 GBP
GB00BPQY8M80	Contract for Difference	Increasing Short Position	-57,502	5.0720
GB00BPQY8M80	Contract for Difference	Reducing Short Position	4,735	5.0720 GBP
GB00BPQY8M80	Contract for Difference	Reducing Short Position	13,520	5.0720
GB00BPQY8M80	Contract for Difference	Reducing Short Position	10,733	5.0720
GB00BPQY8M80	Contract for Difference	Reducing Short Position	3,917	5.0720
GB00BPQY8M80	Contract for Difference	Reducing Short Position	28,023	5.0720
GB00BPQY8M80	Contract for Difference	Reducing Short Position	4,948	5.0720

 

(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:	11/02/2025
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 [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)	Put Option	W	500000	5.072	american	18/12/2026
32 17/19p ordinary (GB00BPQY8M80)	Call Option	P	86000	5.072	american	19/12/2025

 

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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END

 

 

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