BNP Paribas

National Storage Mechanism | Additional information

RNS Number : 3738P

BNP Paribas London

09 December 2024

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR

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	Direct Line Insurance Group 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	06/12/2024
(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: Aviva 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:	GB00BY9D0Y18 (10 10/11p ordinary)


	Interests	Short Positions


	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	42,355,360	3.23	-18,405,908	-1.40
(2) Cash-settled derivatives:	7,155,055	.55	-25,682,443	-1.96
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	0		0
TOTAL:	49,510,415	3.78	-44,088,351	-3.36


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
GB00BY9D0Y18	Purchase	1,904,477	GBP 2.4920
GB00BY9D0Y18	Purchase	84	GBP 2.5092
GB00BY9D0Y18	Purchase	110	GBP 2.5118
GB00BY9D0Y18	Purchase	627,442	GBP 2.5136
GB00BY9D0Y18	Purchase	627,442	GBP 2.5136
GB00BY9D0Y18	Purchase	102	GBP 2.5139
GB00BY9D0Y18	Purchase	1	GBP 2.5141
GB00BY9D0Y18	Purchase	25	GBP 2.5144
GB00BY9D0Y18	Purchase	2,551	GBP 2.5150
GB00BY9D0Y18	Purchase	526,716	GBP 2.5153
GB00BY9D0Y18	Purchase	129	GBP 2.5156
GB00BY9D0Y18	Purchase	634,514	GBP 2.5170
GB00BY9D0Y18	Purchase	83	GBP 2.5177
GB00BY9D0Y18	Purchase	35,517	GBP 2.5180
GB00BY9D0Y18	Purchase	101	GBP 2.5182
GB00BY9D0Y18	Purchase	38,061	GBP 2.5198
GB00BY9D0Y18	Purchase	337,651	GBP 2.5200
GB00BY9D0Y18	Purchase	4	GBP 2.5204
GB00BY9D0Y18	Purchase	3	GBP 2.5210
GB00BY9D0Y18	Purchase	2	GBP 2.5212
GB00BY9D0Y18	Purchase	7	GBP 2.5218
GB00BY9D0Y18	Purchase	547,320	GBP 2.5220
GB00BY9D0Y18	Purchase	3	GBP 2.5222
GB00BY9D0Y18	Purchase	2,123,370	GBP 2.5223
GB00BY9D0Y18	Purchase	65	GBP 2.5226
GB00BY9D0Y18	Purchase	7	GBP 2.5231
GB00BY9D0Y18	Purchase	2	GBP 2.5232
GB00BY9D0Y18	Purchase	3	GBP 2.5233
GB00BY9D0Y18	Purchase	1	GBP 2.5234
GB00BY9D0Y18	Purchase	255,894	GBP 2.5240
GB00BY9D0Y18	Purchase	18	GBP 2.5241
GB00BY9D0Y18	Purchase	3,320,073	GBP 2.5241
GB00BY9D0Y18	Purchase	679,927	GBP 2.5242
GB00BY9D0Y18	Purchase	18	GBP 2.5246
GB00BY9D0Y18	Purchase	10	GBP 2.5248
GB00BY9D0Y18	Purchase	1,770	GBP 2.5249
GB00BY9D0Y18	Purchase	308	GBP 2.5255
GB00BY9D0Y18	Purchase	21	GBP 2.5257
GB00BY9D0Y18	Purchase	24	GBP 2.5258
GB00BY9D0Y18	Purchase	3	GBP 2.5259
GB00BY9D0Y18	Purchase	72,991	GBP 2.5260
GB00BY9D0Y18	Purchase	30	GBP 2.5263
GB00BY9D0Y18	Purchase	1,000,000	GBP 2.5265
GB00BY9D0Y18	Purchase	33,170	GBP 2.5275
GB00BY9D0Y18	Purchase	488,239	GBP 2.5280
GB00BY9D0Y18	Purchase	79	GBP 2.5282
GB00BY9D0Y18	Purchase	42	GBP 2.5283
GB00BY9D0Y18	Purchase	4	GBP 2.5284
GB00BY9D0Y18	Purchase	29	GBP 2.5288
GB00BY9D0Y18	Purchase	124,047	GBP 2.5290
GB00BY9D0Y18	Purchase	134,261	GBP 2.5291
GB00BY9D0Y18	Purchase	28	GBP 2.5292
GB00BY9D0Y18	Purchase	21	GBP 2.5294
GB00BY9D0Y18	Purchase	24	GBP 2.5295
GB00BY9D0Y18	Purchase	40	GBP 2.5297
GB00BY9D0Y18	Purchase	14	GBP 2.5298
GB00BY9D0Y18	Purchase	1,324,075	GBP 2.5300
GB00BY9D0Y18	Purchase	299	GBP 2.5310
GB00BY9D0Y18	Purchase	166,182	GBP 2.5312
GB00BY9D0Y18	Purchase	339,863	GBP 2.5320
GB00BY9D0Y18	Purchase	761	GBP 2.5329
GB00BY9D0Y18	Purchase	2,625	GBP 2.5330
GB00BY9D0Y18	Purchase	1,636,482	GBP 2.5334
GB00BY9D0Y18	Purchase	140,204	GBP 2.5340
GB00BY9D0Y18	Purchase	1,227,411	GBP 2.5350
GB00BY9D0Y18	Purchase	312,390	GBP 2.5360
GB00BY9D0Y18	Purchase	108,426	GBP 2.5380
GB00BY9D0Y18	Purchase	1,190,955	GBP 2.5400
GB00BY9D0Y18	Purchase	11,128	GBP 2.5410
GB00BY9D0Y18	Purchase	11,952	GBP 2.5420
GB00BY9D0Y18	Purchase	10,306	GBP 2.5430
GB00BY9D0Y18	Purchase	2,814	GBP 2.5440
GB00BY9D0Y18	Purchase	3,392	GBP 2.5450
GB00BY9D0Y18	Purchase	29,104	GBP 2.5460
GB00BY9D0Y18	Sale	- 1,234,632	GBP 2.4920
GB00BY9D0Y18	Sale	- 173,378	GBP 2.4974
GB00BY9D0Y18	Sale	- 6,061	GBP 2.5049
GB00BY9D0Y18	Sale	- 6,502	GBP 2.5060
GB00BY9D0Y18	Sale	- 106,823	GBP 2.5080
GB00BY9D0Y18	Sale	- 19,637	GBP 2.5090
GB00BY9D0Y18	Sale	- 84	GBP 2.5092
GB00BY9D0Y18	Sale	- 19,263	GBP 2.5099
GB00BY9D0Y18	Sale	- 68,675	GBP 2.5100
GB00BY9D0Y18	Sale	- 8,531	GBP 2.5110
GB00BY9D0Y18	Sale	- 110	GBP 2.5118
GB00BY9D0Y18	Sale	- 67,884	GBP 2.5120
GB00BY9D0Y18	Sale	- 3,558	GBP 2.5124
GB00BY9D0Y18	Sale	- 170,998	GBP 2.5130
GB00BY9D0Y18	Sale	- 627,442	GBP 2.5136
GB00BY9D0Y18	Sale	- 102	GBP 2.5139
GB00BY9D0Y18	Sale	- 519,404	GBP 2.5140
GB00BY9D0Y18	Sale	- 1	GBP 2.5141
GB00BY9D0Y18	Sale	- 25	GBP 2.5144
GB00BY9D0Y18	Sale	- 32,023	GBP 2.5150
GB00BY9D0Y18	Sale	- 87,645	GBP 2.5156
GB00BY9D0Y18	Sale	- 87,778	GBP 2.5160
GB00BY9D0Y18	Sale	- 20,373	GBP 2.5170
GB00BY9D0Y18	Sale	- 83	GBP 2.5177
GB00BY9D0Y18	Sale	- 145,874	GBP 2.5180
GB00BY9D0Y18	Sale	- 101	GBP 2.5182
GB00BY9D0Y18	Sale	- 483,710	GBP 2.5200
GB00BY9D0Y18	Sale	- 4	GBP 2.5204
GB00BY9D0Y18	Sale	- 40,439	GBP 2.5210
GB00BY9D0Y18	Sale	- 2	GBP 2.5212
GB00BY9D0Y18	Sale	- 7	GBP 2.5218
GB00BY9D0Y18	Sale	- 75,578	GBP 2.5220
GB00BY9D0Y18	Sale	- 81,589	GBP 2.5222
GB00BY9D0Y18	Sale	- 65	GBP 2.5226
GB00BY9D0Y18	Sale	- 2,000,000	GBP 2.5230
GB00BY9D0Y18	Sale	- 7	GBP 2.5231
GB00BY9D0Y18	Sale	- 2	GBP 2.5232
GB00BY9D0Y18	Sale	- 3	GBP 2.5233
GB00BY9D0Y18	Sale	- 1	GBP 2.5234
GB00BY9D0Y18	Sale	- 58,577	GBP 2.5238
GB00BY9D0Y18	Sale	- 284,634	GBP 2.5240
GB00BY9D0Y18	Sale	- 18	GBP 2.5241
GB00BY9D0Y18	Sale	- 18	GBP 2.5246
GB00BY9D0Y18	Sale	- 20,499	GBP 2.5247
GB00BY9D0Y18	Sale	- 88,554	GBP 2.5248
GB00BY9D0Y18	Sale	- 20,731	GBP 2.5250
GB00BY9D0Y18	Sale	- 308	GBP 2.5255
GB00BY9D0Y18	Sale	- 21	GBP 2.5257
GB00BY9D0Y18	Sale	- 24	GBP 2.5258
GB00BY9D0Y18	Sale	- 3	GBP 2.5259
GB00BY9D0Y18	Sale	- 110,053	GBP 2.5260
GB00BY9D0Y18	Sale	- 30	GBP 2.5263
GB00BY9D0Y18	Sale	- 67,418	GBP 2.5270
GB00BY9D0Y18	Sale	- 288,641	GBP 2.5277
GB00BY9D0Y18	Sale	- 1,050,866	GBP 2.5280
GB00BY9D0Y18	Sale	- 79	GBP 2.5282
GB00BY9D0Y18	Sale	- 42	GBP 2.5283
GB00BY9D0Y18	Sale	- 4	GBP 2.5284
GB00BY9D0Y18	Sale	- 29	GBP 2.5288
GB00BY9D0Y18	Sale	- 570,593	GBP 2.5290
GB00BY9D0Y18	Sale	- 43	GBP 2.5291
GB00BY9D0Y18	Sale	- 28,497	GBP 2.5292
GB00BY9D0Y18	Sale	- 700,021	GBP 2.5294
GB00BY9D0Y18	Sale	- 2,407	GBP 2.5295
GB00BY9D0Y18	Sale	- 40	GBP 2.5297
GB00BY9D0Y18	Sale	- 14	GBP 2.5298
GB00BY9D0Y18	Sale	- 235,559	GBP 2.5300
GB00BY9D0Y18	Sale	- 106,671	GBP 2.5304
GB00BY9D0Y18	Sale	- 118,075	GBP 2.5320
GB00BY9D0Y18	Sale	- 64,940	GBP 2.5340
GB00BY9D0Y18	Sale	- 6,620,073	GBP 2.5355
GB00BY9D0Y18	Sale	- 61,479	GBP 2.5360
GB00BY9D0Y18	Sale	- 300,000	GBP 2.5368
GB00BY9D0Y18	Sale	- 20,000	GBP 2.5374
GB00BY9D0Y18	Sale	- 6,004	GBP 2.5378
GB00BY9D0Y18	Sale	- 18,470	GBP 2.5380
GB00BY9D0Y18	Sale	- 1,734	GBP 2.5390
GB00BY9D0Y18	Sale	- 16,371	GBP 2.5397
GB00BY9D0Y18	Sale	- 4,552	GBP 2.5400
GB00BY9D0Y18	Sale	- 500,000	GBP 2.5418
GB00BY9D0Y18	Sale	- 359	GBP 2.5420


(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
GB00BY9D0Y18	Contract for Difference	Opening Long Position	16,888	2.4920 GBP
GB00BY9D0Y18	Contract for Difference	Increasing Long Position	9,384	2.4920 GBP
GB00BY9D0Y18	Contract for Difference	Increasing Long Position	166,369	2.4920 GBP
GB00BY9D0Y18	Contract for Difference	Increasing Long Position	328	2.4920 GBP
GB00BY9D0Y18	Contract for Difference	Increasing Short Position	1,350,995	2.4920
GB00BY9D0Y18	Contract for Difference	Increasing Short Position	-867,818	2.4920
GB00BY9D0Y18	Contract for Difference	Increasing Short Position	-99,799	2.4920
GB00BY9D0Y18	Contract for Difference	Increasing Short Position	-965,646	2.4920 GBP
GB00BY9D0Y18	Contract for Difference	Reducing Short Position	490,655	2.4920 GBP
GB00BY9D0Y18	Contract for Difference	Reducing Short Position	183,069	2.4920 GBP
GB00BY9D0Y18	Contract for Difference	Reducing Short Position	10,220	2.4920 GBP
GB00BY9D0Y18	Contract for Difference	Reducing Short Position	425,468	2.4920 GBP
GB00BY9D0Y18	Contract for Difference	Reducing Short Position	102,547	2.4920 GBP
GB00BY9D0Y18	Contract for Difference	Reducing Short Position	277,848	2.4920 GBP
GB00BY9D0Y18	Contract for Difference	Reducing Short Position	38,537	2.4920 GBP
GB00BY9D0Y18	Contract for Difference	Reducing Short Position	97,292	2.4920 GBP
GB00BY9D0Y18	Contract for Difference	Reducing Short Position	4,936	2.4920 GBP
GB00BY9D0Y18	Contract for Difference	Reducing Short Position	21,939	2.4920 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

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

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?	No


Date of Disclosure:	09/12/2024
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 +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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

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.

END

RETFLFLVFALAIIS

AI Terminal

1158_rns_2024-12-09_bd88553d-7991-4bf6-a494-df9bcc6250f3.html

More from BNP Paribas

Talk to a Data Expert