RNS Number : 4533S
Morgan Stanley & Co. Int'l plc
07 January 2025
 

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:

02 January 2025

(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

4,709,242

2.5720 GBP

2.5200 GBP

10 10/11p ordinary

PURCHASES

2,060,258

2.5740 GBP

2.5200 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

6,589

2.5504 GBP

10 10/11p ordinary

CFD

increasing a long position

44,611

2.5569 GBP

10 10/11p ordinary

CFD

increasing a long position

4,444

2.5582 GBP

10 10/11p ordinary

CFD

increasing a long position

9,211

2.5590 GBP

10 10/11p ordinary

CFD

increasing a long position

9,702

2.5590 GBP

10 10/11p ordinary

CFD

increasing a long position

44,723

2.5597 GBP

10 10/11p ordinary

CFD

increasing a long position

76,162

2.5597 GBP

10 10/11p ordinary

CFD

increasing a long position

92

2.5600 GBP

10 10/11p ordinary

CFD

increasing a long position

5,857

2.5600 GBP

10 10/11p ordinary

CFD

increasing a long position

21,224

2.5619 GBP

10 10/11p ordinary

CFD

increasing a long position

11,311

2.5634 GBP

10 10/11p ordinary

CFD

increasing a long position

2,241

2.5640 GBP

10 10/11p ordinary

CFD

increasing a short position

5,030

2.5450 GBP

10 10/11p ordinary

CFD

increasing a short position

457,015

2.5512 GBP

10 10/11p ordinary

CFD

increasing a short position

500,000

2.5513 GBP

10 10/11p ordinary

CFD

increasing a short position

3,919

2.5600 GBP

10 10/11p ordinary

CFD

increasing a short position

175,000

2.5600 GBP

10 10/11p ordinary

CFD

increasing a short position

65

2.5600 GBP

10 10/11p ordinary

CFD

increasing a short position

16,823

2.5604 GBP

10 10/11p ordinary

CFD

increasing a short position

122

2.5608 GBP

10 10/11p ordinary

CFD

increasing a short position

3,300

2.5608 GBP

10 10/11p ordinary

CFD

increasing a short position

3,765

2.5624 GBP

10 10/11p ordinary

CFD

increasing a short position

53,661

2.5626 GBP

10 10/11p ordinary

CFD

increasing a short position

1,119

2.5649 GBP

10 10/11p ordinary

CFD

increasing a short position

77,420

2.5657 GBP

10 10/11p ordinary

CFD

increasing a short position

67,322

2.5657 GBP

10 10/11p ordinary

CFD

increasing a short position

11,848

2.5657 GBP

10 10/11p ordinary

CFD

increasing a short position

80,786

2.5657 GBP

10 10/11p ordinary

CFD

increasing a short position

235,343

2.5689 GBP

10 10/11p ordinary

CFD

increasing a short position

44,173

2.5689 GBP

10 10/11p ordinary

CFD

increasing a short position

54,270

2.5689 GBP

10 10/11p ordinary

CFD

increasing a short position

166,398

2.5689 GBP

10 10/11p ordinary

CFD

increasing a short position

35,875

2.5689 GBP

10 10/11p ordinary

CFD

reducing a long position

33,223

2.5589 GBP

10 10/11p ordinary

CFD

reducing a long position

6,679

2.5592 GBP

10 10/11p ordinary

CFD

reducing a long position

3,091

2.5592 GBP

10 10/11p ordinary

CFD

reducing a long position

2,010

2.5617 GBP

10 10/11p ordinary

CFD

reducing a long position

29

2.5629 GBP

10 10/11p ordinary

CFD

reducing a long position

4,225

2.5635 GBP

10 10/11p ordinary

CFD

reducing a long position

3,466

2.5668 GBP

10 10/11p ordinary

CFD

reducing a short position

791

2.5548 GBP

10 10/11p ordinary

CFD

reducing a short position

4,573

2.5548 GBP

10 10/11p ordinary

CFD

reducing a short position

30,507

2.5548 GBP

10 10/11p ordinary

CFD

reducing a short position

2,487

2.5548 GBP

10 10/11p ordinary

CFD

reducing a short position

600,000

2.5578 GBP

10 10/11p ordinary

CFD

reducing a short position

116,220

2.5598 GBP

10 10/11p ordinary

CFD

reducing a short position

2,086

2.5598 GBP

10 10/11p ordinary

CFD

reducing a short position

29,352

2.5598 GBP

10 10/11p ordinary

CFD

reducing a short position

13,131

2.5598 GBP

10 10/11p ordinary

CFD

reducing a short position

2,024

2.5598 GBP

10 10/11p ordinary

CFD

reducing a short position

310,642

2.5609 GBP

10 10/11p ordinary

CFD

reducing a short position

35

2.5640 GBP

10 10/11p ordinary

CFD

reducing a short position

3,919

2.5660 GBP

10 10/11p ordinary

CFD

reducing a short position

35,095

2.5663 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:

07 January 2025
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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