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
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(a) Full name of discloser: |
Jefferies International Limited |
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(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. |
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(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree |
Aviva plc
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(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: |
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(e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure |
17th April 2025 |
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(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" |
Direct Line Insurance Group plc
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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)
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Class of relevant security:
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32 17/19p ordinary |
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Interests |
Short positions |
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Number |
% |
Number |
% |
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(1) Relevant securities owned and/or controlled: |
1,394,221 |
0.052 |
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(2) Cash-settled derivatives:
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7,082,225 |
0.264 |
8,457,622 |
0.316 |
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(3) Stock-settled derivatives 9,046,722 (including options) and agreements to purchase/sell: |
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TOTAL: |
8,476,446 |
0.316 |
8,457,622 |
0.316 |
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)
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Class of relevant security in relation to which subscription right exists: |
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Details, including nature of the rights concerned and relevant percentages: |
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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
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Class of relevant security |
Purchase/sale
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Number of securities |
Price per unit (GBX) |
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32 17/19p ordinary
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Purchase
Sale |
550 71,675 230 8,000 21 2,306 42,278 3,000 1,716 1,144 510 56 3,820 10,922 112,941 28 40,553 49 34,739 10,000 869
56 56 28 4,861 56 40,119 3,682 19,900 3,447 380 112 47 8,056 95 132 28 448 84 1,900 120 112 3,426 2,280 122 56 1,471 28 28 28 56 28 112,969 56 28,219 45,187 28 28 28 28 34,739 |
521.6400 521.7090 522.0400 522.2000 522.4200 522.7090 523.0000 523.0400 523.2000 523.4000 523.5000 523.5422 523.6200 524.4262 524.5000 524.6000 525.4260 526.4200 526.6000 527.2400 527.6200
520.4000 521.2000 521.5000 521.6000 521.7000 521.8000 521.9000 522.0000 522.2000 522.3800 522.4000 522.5000 522.6000 522.7000 522.8000 522.9000 523.0000 523.1000 523.1800 523.2000 523.3000 523.3170 523.3600 523.4000 523.5422 523.5800 523.6000 523.7000 523.9000 524.1000 524.2000 524.5000 524.6000 524.7375 524.8000 525.0000 525.1000 525.3000 525.5000 526.6000 |
(b) Cash-settled derivative transactions
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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 (GBX) |
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32 17/19p ordinary |
Swap Swap Swap Swap Swap Swap |
Increasing a long position Increasing a long position Increasing a long position Increasing a long position Increasing a long position Increasing a long position |
168 867 550 1,681 22,419 2,534 |
524.7377 524.7377 524.7377 524.7377 524.7377 524.7377 |
· Please note, please also see other deal section at the bottom of the form.
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
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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 |
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(ii) Exercise
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Class of relevant security |
Product description e.g. call option |
Exercising/ exercised against |
Number of securities |
Exercise price per unit |
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(d) Other dealings (including subscribing for new securities)
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Class of relevant security |
Nature of dealing e.g. subscription, conversion |
Details |
Price per unit (if applicable) |
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4. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
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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" |
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None |
(b) Agreements, arrangements or understandings relating to options or derivatives
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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" |
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None |
(c) Attachments
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Is a Supplemental Form 8 (Open Positions) attached? |
NO |
Date of disclosure: |
22nd April 2025 |
Contact name: |
Jason Williams |
Telephone number |
020 7029 8706 |
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.
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