RNS Number : 5194U
Morgan Stanley & Co. Int'l plc
23 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:

20 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

PURCHASES

3,053,942

2.6300 GBP

2.6133 GBP

10 10/11p ordinary

SALES

904,496

2.6360 GBP

2.6140 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

173

2.6160 GBP

10 10/11p ordinary

CFD

increasing a long position

16,965

2.6162 GBP

10 10/11p ordinary

CFD

increasing a long position

8,220

2.6162 GBP

10 10/11p ordinary

CFD

increasing a long position

11,763

2.6167 GBP

10 10/11p ordinary

CFD

increasing a long position

21,367

2.6169 GBP

10 10/11p ordinary

CFD

increasing a long position

13,672

2.6193 GBP

10 10/11p ordinary

CFD

increasing a long position

608

2.6202 GBP

10 10/11p ordinary

CFD

increasing a long position

1,135

2.6207 GBP

10 10/11p ordinary

CFD

increasing a long position

5,197

2.6230 GBP

10 10/11p ordinary

CFD

increasing a short position

397,400

2.6133 GBP

10 10/11p ordinary

CFD

increasing a short position

100,000

2.6133 GBP

10 10/11p ordinary

CFD

increasing a short position

3,120

2.6160 GBP

10 10/11p ordinary

CFD

increasing a short position

500,000

2.6172 GBP

10 10/11p ordinary

CFD

increasing a short position

97,826

2.6186 GBP

10 10/11p ordinary

CFD

increasing a short position

239

2.6188 GBP

10 10/11p ordinary

CFD

increasing a short position

56,639

2.6207 GBP

10 10/11p ordinary

CFD

increasing a short position

12,644

2.6207 GBP

10 10/11p ordinary

CFD

increasing a short position

56,375

2.6207 GBP

10 10/11p ordinary

CFD

increasing a short position

81,138

2.6207 GBP

10 10/11p ordinary

CFD

increasing a short position

15,806

2.6207 GBP

10 10/11p ordinary

CFD

increasing a short position

108,799

2.6207 GBP

10 10/11p ordinary

CFD

increasing a short position

131,718

2.6207 GBP

10 10/11p ordinary

CFD

increasing a short position

24,341

2.6213 GBP

10 10/11p ordinary

CFD

increasing a short position

16,913

2.6213 GBP

10 10/11p ordinary

CFD

increasing a short position

16,992

2.6213 GBP

10 10/11p ordinary

CFD

increasing a short position

3,793

2.6213 GBP

10 10/11p ordinary

CFD

increasing a short position

4,742

2.6213 GBP

10 10/11p ordinary

CFD

increasing a short position

39,515

2.6213 GBP

10 10/11p ordinary

CFD

increasing a short position

32,640

2.6213 GBP

10 10/11p ordinary

CFD

increasing a short position

7,903

2.6216 GBP

10 10/11p ordinary

CFD

increasing a short position

40,569

2.6216 GBP

10 10/11p ordinary

CFD

increasing a short position

120,259

2.6216 GBP

10 10/11p ordinary

CFD

increasing a short position

6,322

2.6216 GBP

10 10/11p ordinary

CFD

increasing a short position

21

2.6220 GBP

10 10/11p ordinary

CFD

increasing a short position

30,137

2.6224 GBP

10 10/11p ordinary

CFD

increasing a short position

39,495

2.6227 GBP

10 10/11p ordinary

CFD

increasing a short position

73,024

2.6227 GBP

10 10/11p ordinary

CFD

increasing a short position

50,738

2.6227 GBP

10 10/11p ordinary

CFD

increasing a short position

50,974

2.6227 GBP

10 10/11p ordinary

CFD

increasing a short position

11,380

2.6227 GBP

10 10/11p ordinary

CFD

increasing a short position

14,225

2.6227 GBP

10 10/11p ordinary

CFD

increasing a short position

43,520

2.6227 GBP

10 10/11p ordinary

CFD

increasing a short position

52,688

2.6227 GBP

10 10/11p ordinary

CFD

increasing a short position

65,860

2.6231 GBP

10 10/11p ordinary

CFD

increasing a short position

28,188

2.6231 GBP

10 10/11p ordinary

CFD

increasing a short position

54,399

2.6231 GBP

10 10/11p ordinary

CFD

increasing a short position

28,319

2.6231 GBP

10 10/11p ordinary

CFD

increasing a short position

242

2.6253 GBP

10 10/11p ordinary

CFD

reducing a long position

61,830

2.6160 GBP

10 10/11p ordinary

CFD

reducing a long position

26,564

2.6160 GBP

10 10/11p ordinary

CFD

reducing a long position

332

2.6198 GBP

10 10/11p ordinary

CFD

reducing a long position

608

2.6200 GBP

10 10/11p ordinary

CFD

reducing a long position

18,381

2.6202 GBP

10 10/11p ordinary

CFD

reducing a long position

21,458

2.6202 GBP

10 10/11p ordinary

CFD

reducing a short position

79,300

2.6187 GBP

10 10/11p ordinary

CFD

reducing a short position

80,713

2.6207 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 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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