RNS Number : 4661R
Morgan Stanley & Co. Int'l plc
27 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:

23 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

3,545,880

2.5330 GBP

2.4720 GBP

10 10/11p ordinary

PURCHASES

8,577,925

2.5340 GBP

2.4720 GBP

10 10/11p ordinary

PURCHASES

133,331

3.0294 EUR

3.0034 EUR

 

(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

18,481

2.5060 GBP

10 10/11p ordinary

CFD

increasing a long position

7,037

2.5078 GBP

10 10/11p ordinary

CFD

increasing a long position

2,772

2.5091 GBP

10 10/11p ordinary

CFD

increasing a long position

5,916

2.5096 GBP

10 10/11p ordinary

CFD

increasing a long position

1,723

2.5120 GBP

10 10/11p ordinary

CFD

increasing a long position

3,268

2.5185 GBP

10 10/11p ordinary

CFD

increasing a long position

15,069

2.5205 GBP

10 10/11p ordinary

CFD

increasing a long position

17,756

2.5205 GBP

10 10/11p ordinary

CFD

increasing a long position

1,984

2.5240 GBP

10 10/11p ordinary

CFD

increasing a long position

18,255

2.5246 GBP

10 10/11p ordinary

CFD

increasing a long position

15,136

2.5259 GBP

10 10/11p ordinary

CFD

increasing a long position

10,964

2.5272 GBP

10 10/11p ordinary

CFD

increasing a long position

1,224

2.5283 GBP

10 10/11p ordinary

CFD

increasing a short position

550,506

2.5018 GBP

10 10/11p ordinary

CFD

increasing a short position

148,198

2.5018 GBP

10 10/11p ordinary

CFD

increasing a short position

370,221

2.5078 GBP

10 10/11p ordinary

CFD

increasing a short position

339,735

2.5078 GBP

10 10/11p ordinary

CFD

increasing a short position

83,479

2.5083 GBP

10 10/11p ordinary

CFD

increasing a short position

40,394

2.5083 GBP

10 10/11p ordinary

CFD

increasing a short position

67,322

2.5083 GBP

10 10/11p ordinary

CFD

increasing a short position

16,157

2.5083 GBP

10 10/11p ordinary

CFD

increasing a short position

76,748

2.5083 GBP

10 10/11p ordinary

CFD

increasing a short position

266,190

2.5083 GBP

10 10/11p ordinary

CFD

increasing a short position

255,824

2.5083 GBP

10 10/11p ordinary

CFD

increasing a short position

16,157

2.5085 GBP

10 10/11p ordinary

CFD

increasing a short position

3,000,000

2.5113 GBP

10 10/11p ordinary

CFD

increasing a short position

225,694

2.5204 GBP

10 10/11p ordinary

CFD

increasing a short position

1,044

2.5209 GBP

10 10/11p ordinary

CFD

increasing a short position

1,600,000

2.5215 GBP

10 10/11p ordinary

CFD

increasing a short position

11,145

2.5227 GBP

10 10/11p ordinary

CFD

increasing a short position

141,340

2.5240 GBP

10 10/11p ordinary

CFD

increasing a short position

4,412

2.5240 GBP

10 10/11p ordinary

CFD

increasing a short position

61,461

2.5249 GBP

10 10/11p ordinary

CFD

increasing a short position

260,775

2.5267 GBP

10 10/11p ordinary

CFD

increasing a short position

126,617

2.5271 GBP

10 10/11p ordinary

CFD

increasing a short position

5,000

2.5300 GBP

10 10/11p ordinary

CFD

increasing a short position

13,957

2.5305 GBP

10 10/11p ordinary

CFD

reducing a long position

1,723

2.5000 GBP

10 10/11p ordinary

CFD

reducing a long position

1,224

2.5098 GBP

10 10/11p ordinary

CFD

reducing a long position

2,224

2.5120 GBP

10 10/11p ordinary

CFD

reducing a long position

55,325

2.5159 GBP

10 10/11p ordinary

CFD

reducing a long position

9,056

2.5172 GBP

10 10/11p ordinary

CFD

reducing a long position

10,252

2.5199 GBP

10 10/11p ordinary

CFD

reducing a long position

283

2.5220 GBP

10 10/11p ordinary

CFD

reducing a long position

236

2.5240 GBP

10 10/11p ordinary

CFD

reducing a long position

9,210

2.5240 GBP

10 10/11p ordinary

CFD

reducing a long position

1,055

2.5240 GBP

10 10/11p ordinary

CFD

reducing a long position

5,042

2.5259 GBP

10 10/11p ordinary

CFD

reducing a short position

506

2.5058 GBP

10 10/11p ordinary

CFD

reducing a short position

5,561

2.5074 GBP

10 10/11p ordinary

CFD

reducing a short position

2,300

2.5078 GBP

10 10/11p ordinary

CFD

reducing a short position

1,308

2.5088 GBP

10 10/11p ordinary

CFD

reducing a short position

7,900

2.5118 GBP

10 10/11p ordinary

CFD

reducing a short position

6,852

2.5201 GBP

10 10/11p ordinary

CFD

reducing a short position

55,638

2.5201 GBP

10 10/11p ordinary

CFD

reducing a short position

19,525

2.5216 GBP

10 10/11p ordinary

CFD

reducing a short position

10,731

2.5216 GBP

10 10/11p ordinary

CFD

reducing a short position

118,909

2.5216 GBP

10 10/11p ordinary

CFD

reducing a short position

248,360

2.5216 GBP

10 10/11p ordinary

CFD

reducing a short position

182,631

2.5216 GBP

10 10/11p ordinary

CFD

reducing a short position

1,684,256

2.5216 GBP

10 10/11p ordinary

CFD

reducing a short position

24,132

2.5235 GBP

10 10/11p ordinary

CFD

reducing a short position

15,003

2.5239 GBP

10 10/11p ordinary

CFD

reducing a short position

4,412

2.5240 GBP

10 10/11p ordinary

CFD

reducing a short position

1,004

2.5240 GBP

10 10/11p ordinary

CFD

reducing a short position

70,262

2.5242 GBP

10 10/11p ordinary

CFD

reducing a short position

84

2.5249 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:

27 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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