Form 8.5 (EPT/RI)-Aviva plc

Morgan Stanley & Co. Int'l plc

29 November 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	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:	28 November 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 - 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	2,140,499	4.8225 GBP	4.7110 GBP
32 17/19p ordinary	SALES	3,131,623	4.8300 GBP	4.7110 GBP
32 17/19p ordinary	PURCHASES	21,416	5.7561 EUR	5.7561 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	1,466	4.7449 GBP
32 17/19p ordinary	CFD	increasing a long position	6,800	4.7520 GBP
32 17/19p ordinary	CFD	increasing a long position	10,253	4.7568 GBP
32 17/19p ordinary	CFD	increasing a long position	31,108	4.7570 GBP
32 17/19p ordinary	CFD	increasing a long position	283	4.7575 GBP
32 17/19p ordinary	CFD	increasing a long position	11,717	4.7580 GBP
32 17/19p ordinary	CFD	increasing a long position	9,151	4.7603 GBP
32 17/19p ordinary	CFD	increasing a long position	58,152	4.7721 GBP
32 17/19p ordinary	CFD	increasing a long position	19,420	4.7721 GBP
32 17/19p ordinary	CFD	increasing a long position	7,781	4.7721 GBP
32 17/19p ordinary	CFD	increasing a long position	3,230	4.7721 GBP
32 17/19p ordinary	CFD	increasing a long position	6,220	4.7721 GBP
32 17/19p ordinary	CFD	increasing a long position	1,193	4.7736 GBP
32 17/19p ordinary	CFD	increasing a long position	1,379	4.7736 GBP
32 17/19p ordinary	CFD	increasing a long position	483	4.7752 GBP
32 17/19p ordinary	CFD	increasing a long position	80	4.7752 GBP
32 17/19p ordinary	CFD	increasing a long position	192	4.7752 GBP
32 17/19p ordinary	CFD	increasing a long position	1,448	4.7752 GBP
32 17/19p ordinary	CFD	increasing a long position	154	4.7752 GBP
32 17/19p ordinary	CFD	increasing a long position	77,565	4.7803 GBP
32 17/19p ordinary	CFD	increasing a long position	3,075	4.7808 GBP
32 17/19p ordinary	CFD	increasing a long position	2,459	4.7808 GBP
32 17/19p ordinary	CFD	increasing a long position	1,276	4.7808 GBP
32 17/19p ordinary	CFD	increasing a long position	22,989	4.7808 GBP
32 17/19p ordinary	CFD	increasing a long position	7,677	4.7808 GBP
32 17/19p ordinary	CFD	increasing a long position	7,630	4.7893 GBP
32 17/19p ordinary	CFD	increasing a long position	561,380	4.7950 GBP
32 17/19p ordinary	CFD	increasing a long position	120,000	4.7950 GBP
32 17/19p ordinary	CFD	increasing a long position	26,963	4.7950 GBP
32 17/19p ordinary	CFD	increasing a long position	353	4.7950 GBP
32 17/19p ordinary	CFD	increasing a long position	1,026	4.7950 GBP
32 17/19p ordinary	CFD	increasing a short position	3,600	4.7358 GBP
32 17/19p ordinary	CFD	increasing a short position	4,753	4.7400 GBP
32 17/19p ordinary	CFD	increasing a short position	2,000	4.7440 GBP
32 17/19p ordinary	CFD	increasing a short position	600	4.7463 GBP
32 17/19p ordinary	CFD	increasing a short position	5,402	4.7507 GBP
32 17/19p ordinary	CFD	increasing a short position	5,524	4.7528 GBP
32 17/19p ordinary	CFD	increasing a short position	8,890	4.7528 GBP
32 17/19p ordinary	CFD	increasing a short position	4,302	4.7565 GBP
32 17/19p ordinary	CFD	increasing a short position	380	4.7583 GBP
32 17/19p ordinary	CFD	increasing a short position	4,758	4.7780 GBP
32 17/19p ordinary	CFD	increasing a short position	292,985	4.7817 GBP
32 17/19p ordinary	CFD	increasing a short position	5,408	4.7895 GBP
32 17/19p ordinary	CFD	increasing a short position	80,264	4.7905 GBP
32 17/19p ordinary	CFD	increasing a short position	174	4.7950 GBP
32 17/19p ordinary	CFD	increasing a short position	54,517	4.7950 GBP
32 17/19p ordinary	CFD	increasing a short position	13,862	4.7952 GBP
32 17/19p ordinary	CFD	reducing a long position	1,211	4.7400 GBP
32 17/19p ordinary	CFD	reducing a long position	7,259	4.7414 GBP
32 17/19p ordinary	CFD	reducing a long position	1,466	4.7507 GBP
32 17/19p ordinary	CFD	reducing a long position	1,995	4.7602 GBP
32 17/19p ordinary	CFD	reducing a long position	11,015	4.7662 GBP
32 17/19p ordinary	CFD	reducing a long position	1,177	4.7768 GBP
32 17/19p ordinary	CFD	reducing a long position	9,520	4.7841 GBP
32 17/19p ordinary	CFD	reducing a long position	2,714	4.7858 GBP
32 17/19p ordinary	CFD	reducing a long position	10,737	4.7860 GBP
32 17/19p ordinary	CFD	reducing a long position	21,416	4.7875 GBP
32 17/19p ordinary	CFD	reducing a long position	26,963	4.7950 GBP
32 17/19p ordinary	CFD	reducing a long position	24,295	4.7950 GBP
32 17/19p ordinary	CFD	reducing a long position	283	4.7950 GBP
32 17/19p ordinary	CFD	reducing a long position	5,369	4.7957 GBP
32 17/19p ordinary	CFD	reducing a long position	5,028	4.7983 GBP
32 17/19p ordinary	CFD	reducing a long position	4,442	4.8017 GBP
32 17/19p ordinary	CFD	reducing a short position	400	4.7380 GBP
32 17/19p ordinary	CFD	reducing a short position	7,485	4.7523 GBP
32 17/19p ordinary	CFD	reducing a short position	342	4.7530 GBP
32 17/19p ordinary	CFD	reducing a short position	23,023	4.7534 GBP
32 17/19p ordinary	CFD	reducing a short position	52,908	4.7554 GBP
32 17/19p ordinary	CFD	reducing a short position	2,000	4.7592 GBP
32 17/19p ordinary	CFD	reducing a short position	377	4.7595 GBP
32 17/19p ordinary	CFD	reducing a short position	1,284	4.7603 GBP
32 17/19p ordinary	CFD	reducing a short position	274,197	4.7608 GBP
32 17/19p ordinary	CFD	reducing a short position	23	4.7640 GBP
32 17/19p ordinary	CFD	reducing a short position	163,164	4.7743 GBP
32 17/19p ordinary	CFD	reducing a short position	4,769	4.7770 GBP
32 17/19p ordinary	CFD	reducing a short position	16,680	4.7804 GBP
32 17/19p ordinary	CFD	reducing a short position	3,718	4.7814 GBP
32 17/19p ordinary	CFD	reducing a short position	13,712	4.7921 GBP
32 17/19p ordinary	CFD	reducing a short position	8,521	4.7921 GBP
32 17/19p ordinary	CFD	reducing a short position	5,930	4.7932 GBP
32 17/19p ordinary	CFD	reducing a short position	845	4.7950 GBP
32 17/19p ordinary	CFD	reducing a short position	577	4.7950 GBP
32 17/19p ordinary	CFD	reducing a short position	184	4.7950 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:	29 November 2024
Contact name:	Craig Horsley
Telephone number:	[phone]

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 [phone].

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

 

END