Man Group PLC: Form 8.3 Disclosure on Aviva plc
On December 13, 2024, Man Group PLC issued a Form 8.3 regarding its interests in Aviva plc. This form serves as a public disclosure of positions held by individuals or entities with significant holdings in relevant securities, particularly when representing 1% or more, in accordance with Rule 8.3 of the Takeover Code.
Key Information
The full name of the discloser is Man Group PLC. As of December 12, 2024, the company holds a significant number of shares in Aviva plc, which is the offeree in this case. The total relevant securities owned and controlled by Man Group PLC amount to 12,286,387 shares, equating to 0.46%. Additionally, the company has cash-settled derivatives totaling 11,814,903, making up another 0.44%. In total, Man Group holds a combined interest of 24,101,290 securities, which represents 0.90% of Aviva's shares.
Positions Disclosure
For the specific class of relevant securities, which is the 32 17/19p ordinary shares of Aviva, the breakdown is as follows:
Type of Security | Owned/Controlled | Cash-settled Derivatives |
Relevant Securities | 12,286,387 (0.46%) | 11,814,903 (0.44%) |
Total Interests | 24,101,290 (0.90%) | 18,149,775 (0.68%) |
This disclosure also includes Man Group's involvement in other securities, notably in Direct Line Insurance Group plc, indicating that they are actively monitoring multiple significant positions.
Recent Dealings
On December 12, 2024, Man Group executed several transactions involving the relevant securities of Aviva plc. Specifically, they purchased 26,600 ordinary shares at a price of 4.710 GBP per unit. The company also engaged in cash-settled derivatives transactions, including:
Type of Security | Nature | Details |
Equity Swap | Reducing a long position | 385 units at 4.717 GBP |
Equity Swap | Reducing a short position | 31,059 units at 4.722 GBP |
Other Information
In accordance with the disclosure requirements, there are no indemnity or other dealing arrangements that might influence these securities' transactions. Likewise, there are no agreements regarding the voting rights of any relevant securities.
The necessary supplemental forms detailing open stock-settled derivative positions are attached, ensuring full transparency in these transactions.
The date of this disclosure is documented as December 13, 2024, with contact information provided for any inquiries regarding the disclosure regulations.
This form follows the guidelines set forth by the Takeover Code, which can be viewed on the Panel's website at thetakeoverpanel.org.uk.
Aviva, Securities, Disclosure