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Man Group PLC: Form 8.3 - Aviva PLC
On December 13, 2024, Man Group PLC published its Form 8.3 regarding Aviva plc, detailing the public opening position disclosure. This form is essential for parties interested in relevant securities and aims to comply with Rule 8.3 of the Takeover Code.
Key Information
The full discloser name is Man Group PLC. The offeror in this disclosure is Aviva PLC. As of December 12, 2024, Man Group holds control over various interests and short positions, which are detailed below.
Disclosure of Positions
Man Group has significant interests in relevant securities related to Aviva PLC as follows:
| Class of Relevant Security | Interests |
| 32 17/19p ordinary shares | 12,286,387 shares (0.46% ownership) |
| Cash-settled derivatives | 11,814,903 shares (0.44% ownership) |
| Stock-settled derivatives | 4,913,000 shares (0.18% ownership) |
The total number of relevant securities owned by Man Group PLC amounts to 24,101,290 shares, representing 0.90% of the overall ownership in Aviva PLC.
Details of Dealings
Recent dealings by Man Group include the purchase of 26,600 shares at 4.710 GBP per share. Additionally, transactions involving cash-settled derivatives showcased significant activities aimed at managing positions effectively:
| Transaction Type | Product Description | Number of Reference Securities | Price per Unit |
| Equity Swap | Reducing a long position | 385 shares | 4.717 GBP |
| Equity Swap | Reducing a short position | 31,059 shares | 4.722 GBP |
Other Information
In addition to the securities listed above, Man Group has declared that there are no indemnity arrangements or agreements that could influence future dealings or voting rights related to their interests in relevant securities. This disclosure was also accompanied by the required Supplemental Form 8 regarding open positions.
Overall, the necessary transparency has been maintained under the Takeover Code, reflecting ethical practices and compliance in the trading environment. For further consultation regarding disclosure requirements, the Panel’s Market Surveillance Unit is accessible.
Man, Group, Aviva