RNS Number : 0094V
Morgan Stanley & Co. Int'l plc
28 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

Aviva 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:

24 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 - Direct Line Insurance Group 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

32 17/19p ordinary

PURCHASES

2,190,526

5.1120 GBP

5.0340 GBP

32 17/19p ordinary

SALES

3,230,019

5.1120 GBP

5.0340 GBP

32 17/19p ordinary

SALES

20,963

6.0248 EUR

6.0248 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

32 17/19p ordinary

CFD

increasing a long position

1,491

5.0618 GBP

32 17/19p ordinary

CFD

increasing a long position

6,730

5.0627 GBP

32 17/19p ordinary

CFD

increasing a long position

236,415

5.0630 GBP

32 17/19p ordinary

CFD

increasing a long position

73,844

5.0651 GBP

32 17/19p ordinary

CFD

increasing a long position

63

5.0658 GBP

32 17/19p ordinary

CFD

increasing a long position

17,991

5.0662 GBP

32 17/19p ordinary

CFD

increasing a long position

5,882

5.0662 GBP

32 17/19p ordinary

CFD

increasing a long position

20,963

5.0705 GBP

32 17/19p ordinary

CFD

increasing a long position

52,936

5.0709 GBP

32 17/19p ordinary

CFD

increasing a long position

85,032

5.0710 GBP

32 17/19p ordinary

CFD

increasing a long position

7,365

5.0717 GBP

32 17/19p ordinary

CFD

increasing a long position

19,064

5.0717 GBP

32 17/19p ordinary

CFD

increasing a long position

1,878

5.0720 GBP

32 17/19p ordinary

CFD

increasing a long position

1,323

5.0720 GBP

32 17/19p ordinary

CFD

increasing a long position

2,688

5.0771 GBP

32 17/19p ordinary

CFD

increasing a long position

80

5.1039 GBP

32 17/19p ordinary

CFD

increasing a short position

14,700

5.0438 GBP

32 17/19p ordinary

CFD

increasing a short position

4,900

5.0502 GBP

32 17/19p ordinary

CFD

increasing a short position

1,080

5.0562 GBP

32 17/19p ordinary

CFD

increasing a short position

689

5.0572 GBP

32 17/19p ordinary

CFD

increasing a short position

46,443

5.0605 GBP

32 17/19p ordinary

CFD

increasing a short position

16,241

5.0618 GBP

32 17/19p ordinary

CFD

increasing a short position

14,659

5.0623 GBP

32 17/19p ordinary

CFD

increasing a short position

1,283

5.0633 GBP

32 17/19p ordinary

CFD

increasing a short position

234

5.0638 GBP

32 17/19p ordinary

CFD

increasing a short position

684

5.0657 GBP

32 17/19p ordinary

CFD

increasing a short position

2,304

5.0676 GBP

32 17/19p ordinary

CFD

increasing a short position

32,594

5.0685 GBP

32 17/19p ordinary

CFD

increasing a short position

668

5.0720 GBP

32 17/19p ordinary

CFD

increasing a short position

8,981

5.0720 GBP

32 17/19p ordinary

CFD

increasing a short position

101,192

5.0720 GBP

32 17/19p ordinary

CFD

increasing a short position

3,684

5.0720 GBP

32 17/19p ordinary

CFD

increasing a short position

239,072

5.0720 GBP

32 17/19p ordinary

CFD

increasing a short position

6,090

5.0725 GBP

32 17/19p ordinary

CFD

increasing a short position

10,330

5.0736 GBP

32 17/19p ordinary

CFD

increasing a short position

1,323

5.1022 GBP

32 17/19p ordinary

CFD

increasing a short position

578

5.1022 GBP

32 17/19p ordinary

CFD

increasing a short position

2,108

5.1040 GBP

32 17/19p ordinary

CFD

reducing a long position

23,360

5.0605 GBP

32 17/19p ordinary

CFD

reducing a long position

33

5.0615 GBP

32 17/19p ordinary

CFD

reducing a long position

6,730

5.0645 GBP

32 17/19p ordinary

CFD

reducing a long position

143

5.0653 GBP

32 17/19p ordinary

CFD

reducing a long position

1,269

5.0669 GBP

32 17/19p ordinary

CFD

reducing a long position

2,210

5.0720 GBP

32 17/19p ordinary

CFD

reducing a long position

9,327

5.0720 GBP

32 17/19p ordinary

CFD

reducing a long position

3

5.0720 GBP

32 17/19p ordinary

CFD

reducing a long position

11,831

5.0720 GBP

32 17/19p ordinary

CFD

reducing a long position

2,688

5.1012 GBP

32 17/19p ordinary

CFD

reducing a long position

662

5.1034 GBP

32 17/19p ordinary

CFD

reducing a long position

227

5.1040 GBP

32 17/19p ordinary

CFD

reducing a long position

2,328

5.1040 GBP

32 17/19p ordinary

CFD

reducing a long position

692

5.1040 GBP

32 17/19p ordinary

CFD

reducing a long position

1,153

5.1043 GBP

32 17/19p ordinary

CFD

reducing a short position

5,649

5.0435 GBP

32 17/19p ordinary

CFD

reducing a short position

8

5.0513 GBP

32 17/19p ordinary

CFD

reducing a short position

872

5.0557 GBP

32 17/19p ordinary

CFD

reducing a short position

775

5.0590 GBP

32 17/19p ordinary

CFD

reducing a short position

65,497

5.0624 GBP

32 17/19p ordinary

CFD

reducing a short position

5,523

5.0638 GBP

32 17/19p ordinary

CFD

reducing a short position

46,443

5.0651 GBP

32 17/19p ordinary

CFD

reducing a short position

442

5.0652 GBP

32 17/19p ordinary

CFD

reducing a short position

7,045

5.0653 GBP

32 17/19p ordinary

CFD

reducing a short position

1,287

5.0657 GBP

32 17/19p ordinary

CFD

reducing a short position

11,713

5.0661 GBP

32 17/19p ordinary

CFD

reducing a short position

218,655

5.0670 GBP

32 17/19p ordinary

CFD

reducing a short position

9,269

5.0675 GBP

32 17/19p ordinary

CFD

reducing a short position

8,859

5.0681 GBP

32 17/19p ordinary

CFD

reducing a short position

83,394

5.0683 GBP

32 17/19p ordinary

CFD

reducing a short position

204

5.0689 GBP

32 17/19p ordinary

CFD

reducing a short position

238,803

5.0693 GBP

32 17/19p ordinary

CFD

reducing a short position

1,200

5.0698 GBP

32 17/19p ordinary

CFD

reducing a short position

13,700

5.0698 GBP

32 17/19p ordinary

CFD

reducing a short position

2,542

5.0702 GBP

32 17/19p ordinary

CFD

reducing a short position

72,624

5.0707 GBP

32 17/19p ordinary

CFD

reducing a short position

799

5.0712 GBP

32 17/19p ordinary

CFD

reducing a short position

4,265

5.0712 GBP

32 17/19p ordinary

CFD

reducing a short position

700

5.0717 GBP

32 17/19p ordinary

CFD

reducing a short position

2,803

5.0718 GBP

32 17/19p ordinary

CFD

reducing a short position

89,331

5.0719 GBP

32 17/19p ordinary

CFD

reducing a short position

13,151

5.0720 GBP

32 17/19p ordinary

CFD

reducing a short position

20,881

5.0720 GBP

32 17/19p ordinary

CFD

reducing a short position

2,108

5.0720 GBP

32 17/19p ordinary

CFD

reducing a short position

115,851

5.0720 GBP

32 17/19p ordinary

CFD

reducing a short position

47,912

5.0720 GBP

32 17/19p ordinary

CFD

reducing a short position

546

5.0729 GBP

32 17/19p ordinary

CFD

reducing a short position

4,586

5.0729 GBP

32 17/19p ordinary

CFD

reducing a short position

3,449

5.0736 GBP

32 17/19p ordinary

CFD

reducing a short position

8,783

5.0744 GBP

32 17/19p ordinary

CFD

reducing a short position

1,293

5.0751 GBP

32 17/19p ordinary

CFD

reducing a short position

564

5.0751 GBP

32 17/19p ordinary

CFD

reducing a short position

2,596

5.0753 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:

28 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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