Form 8.5 (EPT/RI)-Aviva plc

Morgan Stanley & Co. Int'l plc

12 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	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:	11 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-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	2,447,425	4.7830 GBP	4.7360 GBP
32 17/19p ordinary	SALES	2,620,689	4.7830 GBP	4.7320 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
32 17/19p ordinary	CFD	increasing a long position	2,539	4.7370 GBP
32 17/19p ordinary	CFD	increasing a long position	30,782	4.7400 GBP
32 17/19p ordinary	CFD	increasing a long position	21,708	4.7400 GBP
32 17/19p ordinary	CFD	increasing a long position	2,597	4.7400 GBP
32 17/19p ordinary	CFD	increasing a long position	1,823	4.7422 GBP
32 17/19p ordinary	CFD	increasing a long position	41,757	4.7423 GBP
32 17/19p ordinary	CFD	increasing a long position	50,000	4.7439 GBP
32 17/19p ordinary	CFD	increasing a long position	3,932	4.7461 GBP
32 17/19p ordinary	CFD	increasing a long position	11,890	4.7479 GBP
32 17/19p ordinary	CFD	increasing a long position	20,617	4.7479 GBP
32 17/19p ordinary	CFD	increasing a long position	26,702	4.7479 GBP
32 17/19p ordinary	CFD	increasing a long position	44,693	4.7479 GBP
32 17/19p ordinary	CFD	increasing a long position	5,113	4.7507 GBP
32 17/19p ordinary	CFD	increasing a long position	4,203	4.7507 GBP
32 17/19p ordinary	CFD	increasing a long position	93,177	4.7560 GBP
32 17/19p ordinary	CFD	increasing a long position	11,075	4.7594 GBP
32 17/19p ordinary	CFD	increasing a long position	55	4.7611 GBP
32 17/19p ordinary	CFD	increasing a long position	2,969	4.7619 GBP
32 17/19p ordinary	CFD	increasing a long position	17,429	4.7679 GBP
32 17/19p ordinary	CFD	increasing a long position	1,222	4.7791 GBP
32 17/19p ordinary	CFD	increasing a short position	400	4.7370 GBP
32 17/19p ordinary	CFD	increasing a short position	172,864	4.7400 GBP
32 17/19p ordinary	CFD	increasing a short position	9,843	4.7400 GBP
32 17/19p ordinary	CFD	increasing a short position	992	4.7409 GBP
32 17/19p ordinary	CFD	increasing a short position	7,172	4.7490 GBP
32 17/19p ordinary	CFD	increasing a short position	21,956	4.7490 GBP
32 17/19p ordinary	CFD	increasing a short position	33,907	4.7493 GBP
32 17/19p ordinary	CFD	increasing a short position	4,176	4.7493 GBP
32 17/19p ordinary	CFD	increasing a short position	120,000	4.7495 GBP
32 17/19p ordinary	CFD	increasing a short position	1,338	4.7511 GBP
32 17/19p ordinary	CFD	increasing a short position	89,774	4.7554 GBP
32 17/19p ordinary	CFD	increasing a short position	8,859	4.7568 GBP
32 17/19p ordinary	CFD	increasing a short position	37,562	4.7582 GBP
32 17/19p ordinary	CFD	increasing a short position	2,907	4.7600 GBP
32 17/19p ordinary	CFD	increasing a short position	136,065	4.7622 GBP
32 17/19p ordinary	CFD	increasing a short position	25,870	4.7653 GBP
32 17/19p ordinary	CFD	increasing a short position	4,450	4.7665 GBP
32 17/19p ordinary	CFD	increasing a short position	5,463	4.7686 GBP
32 17/19p ordinary	CFD	increasing a short position	2,705	4.7707 GBP
32 17/19p ordinary	CFD	increasing a short position	14,300	4.7745 GBP
32 17/19p ordinary	CFD	increasing a short position	3,800	4.7747 GBP
32 17/19p ordinary	CFD	reducing a long position	2,597	4.7370 GBP
32 17/19p ordinary	CFD	reducing a long position	41,857	4.7400 GBP
32 17/19p ordinary	CFD	reducing a long position	182	4.7401 GBP
32 17/19p ordinary	CFD	reducing a long position	3,653	4.7429 GBP
32 17/19p ordinary	CFD	reducing a long position	3,932	4.7448 GBP
32 17/19p ordinary	CFD	reducing a long position	5	4.7460 GBP
32 17/19p ordinary	CFD	reducing a long position	11,768	4.7512 GBP
32 17/19p ordinary	CFD	reducing a long position	17,429	4.7520 GBP
32 17/19p ordinary	CFD	reducing a long position	381	4.7558 GBP
32 17/19p ordinary	CFD	reducing a long position	4,191	4.7568 GBP
32 17/19p ordinary	CFD	reducing a long position	5,304	4.7568 GBP
32 17/19p ordinary	CFD	reducing a short position	261	4.7369 GBP
32 17/19p ordinary	CFD	reducing a short position	62,157	4.7394 GBP
32 17/19p ordinary	CFD	reducing a short position	1,050	4.7400 GBP
32 17/19p ordinary	CFD	reducing a short position	2,433	4.7400 GBP
32 17/19p ordinary	CFD	reducing a short position	11,564	4.7400 GBP
32 17/19p ordinary	CFD	reducing a short position	44	4.7400 GBP
32 17/19p ordinary	CFD	reducing a short position	3,620	4.7411 GBP
32 17/19p ordinary	CFD	reducing a short position	399	4.7414 GBP
32 17/19p ordinary	CFD	reducing a short position	6,130	4.7415 GBP
32 17/19p ordinary	CFD	reducing a short position	8,302	4.7420 GBP
32 17/19p ordinary	CFD	reducing a short position	207,618	4.7422 GBP
32 17/19p ordinary	CFD	reducing a short position	5,854	4.7423 GBP
32 17/19p ordinary	CFD	reducing a short position	721	4.7437 GBP
32 17/19p ordinary	CFD	reducing a short position	919	4.7440 GBP
32 17/19p ordinary	CFD	reducing a short position	932	4.7449 GBP
32 17/19p ordinary	CFD	reducing a short position	9,063	4.7454 GBP
32 17/19p ordinary	CFD	reducing a short position	1,028	4.7463 GBP
32 17/19p ordinary	CFD	reducing a short position	15,659	4.7489 GBP
32 17/19p ordinary	CFD	reducing a short position	5,709	4.7504 GBP
32 17/19p ordinary	CFD	reducing a short position	11,803	4.7504 GBP
32 17/19p ordinary	CFD	reducing a short position	16,191	4.7504 GBP
32 17/19p ordinary	CFD	reducing a short position	16,327	4.7504 GBP
32 17/19p ordinary	CFD	reducing a short position	31,436	4.7510 GBP
32 17/19p ordinary	CFD	reducing a short position	533	4.7566 GBP
32 17/19p ordinary	CFD	reducing a short position	72,135	4.7575 GBP
32 17/19p ordinary	CFD	reducing a short position	25,292	4.7618 GBP
32 17/19p ordinary	CFD	reducing a short position	37,671	4.7637 GBP
32 17/19p ordinary	CFD	reducing a short position	733	4.7664 GBP
32 17/19p ordinary	CFD	reducing a short position	1,228	4.7672 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:	12 December 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