RNS Number : 1755R
Morgan Stanley & Co. Int'l plc
23 December 2024
 

AMENDMENT(2(a), 2(b))

FORM 8.5 (EPT/RI)

 

PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY

Rule 8.5 of the Takeover Code (the "Code")

 

1.         KEY INFORMATION

 

(a) Name of exempt principal trader:

Morgan Stanley & Co. International plc

(b) 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

(c) Name of the party to the offer with which exempt principal trader is connected:

Direct Line Insurance Group plc

(d) Date dealing undertaken:

19 December 2024

(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer?

     If it is a cash offer or possible cash offer, state "N/A"

YES- Aviva plc

 

2.         DEALINGS BY THE EXEMPT PRINCIPAL TRADER

 

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(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

Purchases/ sales

 

Total number of securities

Highest price per unit paid/received

Lowest price per unit paid/received

10 10/11p ordinary

SALES

432,780

2.4240 GBP

2.4020 GBP

10 10/11p ordinary

PURCHASES

12,055,088

2.4265 GBP

2.4020 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

10 10/11p ordinary

CFD

increasing a long position

1

2.4120 GBP

10 10/11p ordinary

CFD

increasing a long position

9,698

2.4150 GBP

10 10/11p ordinary

CFD

increasing a long position

2,063

2.4158 GBP

10 10/11p ordinary

CFD

increasing a long position

4,159

2.4158 GBP

10 10/11p ordinary

CFD

increasing a long position

5,754

2.4160 GBP

10 10/11p ordinary

CFD

increasing a long position

11,943

2.4188 GBP

10 10/11p ordinary

CFD

increasing a long position

1,254

2.4188 GBP

10 10/11p ordinary

CFD

increasing a long position

3,556

2.4188 GBP

10 10/11p ordinary

CFD

increasing a long position

10,128

2.4188 GBP

10 10/11p ordinary

CFD

increasing a long position

49,003

2.4198 GBP

10 10/11p ordinary

CFD

increasing a long position

6,359

2.4221 GBP

10 10/11p ordinary

CFD

increasing a long position

302

2.4240 GBP

10 10/11p ordinary

CFD

increasing a long position

1,614

2.4240 GBP

10 10/11p ordinary

CFD

increasing a short position

11,414

2.4136 GBP

10 10/11p ordinary

CFD

increasing a short position

1,220

2.4136 GBP

10 10/11p ordinary

CFD

increasing a short position

15,522

2.4136 GBP

10 10/11p ordinary

CFD

increasing a short position

7,432

2.4136 GBP

10 10/11p ordinary

CFD

increasing a short position

105,267

2.4136 GBP

10 10/11p ordinary

CFD

increasing a short position

671

2.4136 GBP

10 10/11p ordinary

CFD

increasing a short position

1,418

2.4160 GBP

10 10/11p ordinary

CFD

increasing a short position

13,616

2.4180 GBP

10 10/11p ordinary

CFD

increasing a short position

671

2.4186 GBP

10 10/11p ordinary

CFD

increasing a short position

105,266

2.4186 GBP

10 10/11p ordinary

CFD

increasing a short position

1,220

2.4186 GBP

10 10/11p ordinary

CFD

increasing a short position

7,432

2.4186 GBP

10 10/11p ordinary

CFD

increasing a short position

15,522

2.4186 GBP

10 10/11p ordinary

CFD

increasing a short position

11,414

2.4186 GBP

10 10/11p ordinary

CFD

increasing a short position

10,074

2.4193 GBP

10 10/11p ordinary

CFD

increasing a short position

77

2.4200 GBP

10 10/11p ordinary

CFD

increasing a short position

283

2.4201 GBP

10 10/11p ordinary

CFD

increasing a short position

61,731

2.4205 GBP

10 10/11p ordinary

CFD

increasing a short position

12,313

2.4211 GBP

10 10/11p ordinary

CFD

increasing a short position

105

2.4220 GBP

10 10/11p ordinary

CFD

increasing a short position

136,972

2.4224 GBP

10 10/11p ordinary

CFD

increasing a short position

8,048

2.4224 GBP

10 10/11p ordinary

CFD

increasing a short position

1,263,191

2.4224 GBP

10 10/11p ordinary

CFD

increasing a short position

14,646

2.4224 GBP

10 10/11p ordinary

CFD

increasing a short position

186,270

2.4224 GBP

10 10/11p ordinary

CFD

increasing a short position

89,182

2.4224 GBP

10 10/11p ordinary

CFD

increasing a short position

7,432

2.4236 GBP

10 10/11p ordinary

CFD

increasing a short position

15,522

2.4236 GBP

10 10/11p ordinary

CFD

increasing a short position

1,220

2.4236 GBP

10 10/11p ordinary

CFD

increasing a short position

105,266

2.4236 GBP

10 10/11p ordinary

CFD

increasing a short position

11,414

2.4236 GBP

10 10/11p ordinary

CFD

increasing a short position

670

2.4236 GBP

10 10/11p ordinary

CFD

increasing a short position

482

2.4240 GBP

10 10/11p ordinary

CFD

increasing a short position

421,064

2.4265 GBP

10 10/11p ordinary

CFD

increasing a short position

2,681

2.4265 GBP

10 10/11p ordinary

CFD

increasing a short position

29,728

2.4265 GBP

10 10/11p ordinary

CFD

increasing a short position

4,880

2.4265 GBP

10 10/11p ordinary

CFD

increasing a short position

62,090

2.4265 GBP

10 10/11p ordinary

CFD

increasing a short position

45,658

2.4265 GBP

10 10/11p ordinary

CFD

reducing a long position

9,077,649

2.4020 GBP

10 10/11p ordinary

CFD

reducing a long position

9,077,649

2.4020 GBP

10 10/11p ordinary

CFD

reducing a long position

4,224

2.4160 GBP

10 10/11p ordinary

CFD

reducing a long position

134

2.4160 GBP

10 10/11p ordinary

CFD

reducing a long position

18,513

2.4174 GBP

10 10/11p ordinary

CFD

reducing a long position

1,930

2.4186 GBP

10 10/11p ordinary

CFD

reducing a long position

30,660

2.4210 GBP

10 10/11p ordinary

CFD

reducing a long position

4,246

2.4240 GBP

10 10/11p ordinary

CFD

reducing a long position

5,466

2.4240 GBP

10 10/11p ordinary

CFD

reducing a short position

9,077,649

2.4020 GBP

10 10/11p ordinary

CFD

reducing a short position

77

2.4160 GBP

10 10/11p ordinary

CFD

reducing a short position

4,700

2.4178 GBP

10 10/11p ordinary

CFD

reducing a short position

1,300

2.4178 GBP

10 10/11p ordinary

CFD

reducing a short position

1,928

2.4195 GBP

10 10/11p ordinary

CFD

reducing a short position

15,648

2.4195 GBP

10 10/11p ordinary

CFD

reducing a short position

65,500

2.4197 GBP

10 10/11p ordinary

CFD

reducing a short position

105

2.4235 GBP

10 10/11p ordinary

CFD

reducing a short position

1,418

2.4240 GBP

10 10/11p ordinary

CFD

reducing a short position

3,704

2.4240 GBP

10 10/11p ordinary

CFD

reducing a short position

108

2.4240 GBP

10 10/11p ordinary

CFD

reducing a short position

539

2.4240 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

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

 

(ii)        Exercise

 

Class of relevant security

Product description

e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

N/A

N/A

N/A

N/A

N/A

 

(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)

N/A

N/A

N/A

N/A

 

3.         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 exempt principal trader 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 exempt principal trader 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

 

 

 

Date of disclosure:

23 December 2024
Contact name:

Craig Horsley
Telephone number:

+44 141 245-7736

 

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 dealing disclosure requirements on +44 (0)20 7638 0129.

 

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

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