RNS Number : 7565Q
Morgan Stanley & Co. Int'l plc
19 December 2024
 

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:

18 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

PURCHASES

3,347,974

2.4360 GBP

2.4167 GBP

10 10/11p ordinary

SALES

2,084,577

2.4360 GBP

2.4164 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

7,448

2.4180 GBP

10 10/11p ordinary

CFD

increasing a long position

18,240

2.4246 GBP

10 10/11p ordinary

CFD

increasing a long position

1,996

2.4248 GBP

10 10/11p ordinary

CFD

increasing a long position

5,665

2.4249 GBP

10 10/11p ordinary

CFD

increasing a long position

8,887

2.4264 GBP

10 10/11p ordinary

CFD

increasing a long position

10,476

2.4264 GBP

10 10/11p ordinary

CFD

increasing a long position

1,028

2.4264 GBP

10 10/11p ordinary

CFD

increasing a long position

3,189

2.4264 GBP

10 10/11p ordinary

CFD

increasing a long position

11,066

2.4285 GBP

10 10/11p ordinary

CFD

increasing a long position

26,229

2.4287 GBP

10 10/11p ordinary

CFD

increasing a long position

11,056

2.4300 GBP

10 10/11p ordinary

CFD

increasing a long position

527

2.4300 GBP

10 10/11p ordinary

CFD

increasing a long position

10,959

2.4300 GBP

10 10/11p ordinary

CFD

increasing a long position

2,367

2.4322 GBP

10 10/11p ordinary

CFD

increasing a short position

9,877

2.4220 GBP

10 10/11p ordinary

CFD

increasing a short position

200,000

2.4221 GBP

10 10/11p ordinary

CFD

increasing a short position

95,798

2.4231 GBP

10 10/11p ordinary

CFD

increasing a short position

688

2.4249 GBP

10 10/11p ordinary

CFD

increasing a short position

11,836

2.4254 GBP

10 10/11p ordinary

CFD

increasing a short position

109,144

2.4254 GBP

10 10/11p ordinary

CFD

increasing a short position

16,092

2.4254 GBP

10 10/11p ordinary

CFD

increasing a short position

1,266

2.4254 GBP

10 10/11p ordinary

CFD

increasing a short position

7,706

2.4254 GBP

10 10/11p ordinary

CFD

increasing a short position

695

2.4254 GBP

10 10/11p ordinary

CFD

increasing a short position

1,388

2.4255 GBP

10 10/11p ordinary

CFD

increasing a short position

50,635

2.4256 GBP

10 10/11p ordinary

CFD

increasing a short position

65,264

2.4260 GBP

10 10/11p ordinary

CFD

increasing a short position

8,038

2.4260 GBP

10 10/11p ordinary

CFD

increasing a short position

1,149

2.4262 GBP

10 10/11p ordinary

CFD

increasing a short position

246,500

2.4272 GBP

10 10/11p ordinary

CFD

increasing a short position

91,316

2.4288 GBP

10 10/11p ordinary

CFD

increasing a short position

842,128

2.4288 GBP

10 10/11p ordinary

CFD

increasing a short position

5,366

2.4288 GBP

10 10/11p ordinary

CFD

increasing a short position

9,762

2.4288 GBP

10 10/11p ordinary

CFD

increasing a short position

59,454

2.4288 GBP

10 10/11p ordinary

CFD

increasing a short position

124,180

2.4288 GBP

10 10/11p ordinary

CFD

increasing a short position

10,047

2.4289 GBP

10 10/11p ordinary

CFD

increasing a short position

365,446

2.4291 GBP

10 10/11p ordinary

CFD

increasing a short position

41,092

2.4291 GBP

10 10/11p ordinary

CFD

increasing a short position

2,415

2.4291 GBP

10 10/11p ordinary

CFD

increasing a short position

378,957

2.4291 GBP

10 10/11p ordinary

CFD

increasing a short position

4,394

2.4291 GBP

10 10/11p ordinary

CFD

increasing a short position

26,754

2.4291 GBP

10 10/11p ordinary

CFD

increasing a short position

55,882

2.4291 GBP

10 10/11p ordinary

CFD

increasing a short position

14,862

2.4294 GBP

10 10/11p ordinary

CFD

increasing a short position

31,048

2.4294 GBP

10 10/11p ordinary

CFD

increasing a short position

2,440

2.4294 GBP

10 10/11p ordinary

CFD

increasing a short position

210,531

2.4294 GBP

10 10/11p ordinary

CFD

increasing a short position

1,342

2.4294 GBP

10 10/11p ordinary

CFD

increasing a short position

22,830

2.4294 GBP

10 10/11p ordinary

CFD

increasing a short position

1,586

2.4300 GBP

10 10/11p ordinary

CFD

increasing a short position

4,729

2.4300 GBP

10 10/11p ordinary

CFD

increasing a short position

100,855

2.4312 GBP

10 10/11p ordinary

CFD

reducing a long position

2,207

2.4212 GBP

10 10/11p ordinary

CFD

reducing a long position

486

2.4220 GBP

10 10/11p ordinary

CFD

reducing a long position

1,798

2.4243 GBP

10 10/11p ordinary

CFD

reducing a long position

10

2.4250 GBP

10 10/11p ordinary

CFD

reducing a long position

40,920

2.4263 GBP

10 10/11p ordinary

CFD

reducing a long position

5,748

2.4289 GBP

10 10/11p ordinary

CFD

reducing a short position

12,700

2.4205 GBP

10 10/11p ordinary

CFD

reducing a short position

627

2.4206 GBP

10 10/11p ordinary

CFD

reducing a short position

11,981

2.4222 GBP

10 10/11p ordinary

CFD

reducing a short position

107,209

2.4232 GBP

10 10/11p ordinary

CFD

reducing a short position

688

2.4256 GBP

10 10/11p ordinary

CFD

reducing a short position

173,085

2.4258 GBP

10 10/11p ordinary

CFD

reducing a short position

6,698

2.4258 GBP

10 10/11p ordinary

CFD

reducing a short position

166,549

2.4261 GBP

10 10/11p ordinary

CFD

reducing a short position

3,600

2.4271 GBP

10 10/11p ordinary

CFD

reducing a short position

284

2.4281 GBP

10 10/11p ordinary

CFD

reducing a short position

1,000

2.4300 GBP

10 10/11p ordinary

CFD

reducing a short position

155

2.4300 GBP

10 10/11p ordinary

CFD

reducing a short position

9,877

2.4300 GBP

10 10/11p ordinary

CFD

reducing a short position

10,047

2.4300 GBP

10 10/11p ordinary

CFD

reducing a short position

2,426

2.4300 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:

19 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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