Form 8.5 (EPT/RI)-Aviva plc

Morgan Stanley & Co. Int'l plc

13 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:	12 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	SALES	1,795,124	4.7463 GBP	4.7100 GBP
32 17/19p ordinary	PURCHASES	1,108,378	4.7519 GBP	4.7098 GBP
32 17/19p ordinary	PURCHASES	16,536	5.7008 EUR	5.7008 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	16,617	4.7100 GBP
32 17/19p ordinary	CFD	increasing a long position	379	4.7100 GBP
32 17/19p ordinary	CFD	increasing a long position	93	4.7100 GBP
32 17/19p ordinary	CFD	increasing a long position	1,884	4.7136 GBP
32 17/19p ordinary	CFD	increasing a long position	107,528	4.7183 GBP
32 17/19p ordinary	CFD	increasing a long position	45,016	4.7209 GBP
32 17/19p ordinary	CFD	increasing a long position	2,605	4.7230 GBP
32 17/19p ordinary	CFD	increasing a long position	3,070	4.7230 GBP
32 17/19p ordinary	CFD	increasing a long position	40,522	4.7264 GBP
32 17/19p ordinary	CFD	increasing a long position	71,675	4.7276 GBP
32 17/19p ordinary	CFD	increasing a long position	13,978	4.7305 GBP
32 17/19p ordinary	CFD	increasing a long position	5	4.7316 GBP
32 17/19p ordinary	CFD	increasing a long position	3,129	4.7320 GBP
32 17/19p ordinary	CFD	increasing a long position	2,278	4.7336 GBP
32 17/19p ordinary	CFD	increasing a long position	2,957	4.7340 GBP
32 17/19p ordinary	CFD	increasing a long position	40	4.7358 GBP
32 17/19p ordinary	CFD	increasing a long position	1,137	4.7383 GBP
32 17/19p ordinary	CFD	increasing a long position	2,136	4.7407 GBP
32 17/19p ordinary	CFD	increasing a short position	857	4.7100 GBP
32 17/19p ordinary	CFD	increasing a short position	72,011	4.7100 GBP
32 17/19p ordinary	CFD	increasing a short position	6,529	4.7101 GBP
32 17/19p ordinary	CFD	increasing a short position	16,536	4.7120 GBP
32 17/19p ordinary	CFD	increasing a short position	2,039	4.7149 GBP
32 17/19p ordinary	CFD	increasing a short position	2,145	4.7155 GBP
32 17/19p ordinary	CFD	increasing a short position	13,755	4.7185 GBP
32 17/19p ordinary	CFD	increasing a short position	1,694	4.7185 GBP
32 17/19p ordinary	CFD	increasing a short position	7,500	4.7200 GBP
32 17/19p ordinary	CFD	increasing a short position	32,375	4.7213 GBP
32 17/19p ordinary	CFD	increasing a short position	172,851	4.7256 GBP
32 17/19p ordinary	CFD	increasing a short position	31,721	4.7260 GBP
32 17/19p ordinary	CFD	increasing a short position	100	4.7303 GBP
32 17/19p ordinary	CFD	increasing a short position	860	4.7342 GBP
32 17/19p ordinary	CFD	increasing a short position	2,631	4.7342 GBP
32 17/19p ordinary	CFD	increasing a short position	485	4.7390 GBP
32 17/19p ordinary	CFD	increasing a short position	158	4.7390 GBP
32 17/19p ordinary	CFD	reducing a long position	18,895	4.7100 GBP
32 17/19p ordinary	CFD	reducing a long position	2,989	4.7100 GBP
32 17/19p ordinary	CFD	reducing a long position	10,679	4.7137 GBP
32 17/19p ordinary	CFD	reducing a long position	1,823	4.7150 GBP
32 17/19p ordinary	CFD	reducing a long position	385	4.7174 GBP
32 17/19p ordinary	CFD	reducing a long position	31,078	4.7200 GBP
32 17/19p ordinary	CFD	reducing a long position	7,187	4.7286 GBP
32 17/19p ordinary	CFD	reducing a long position	1,137	4.7299 GBP
32 17/19p ordinary	CFD	reducing a long position	5,184	4.7308 GBP
32 17/19p ordinary	CFD	reducing a long position	9,888	4.7329 GBP
32 17/19p ordinary	CFD	reducing a long position	379	4.7390 GBP
32 17/19p ordinary	CFD	reducing a long position	2,136	4.7400 GBP
32 17/19p ordinary	CFD	reducing a short position	3,007	4.7100 GBP
32 17/19p ordinary	CFD	reducing a short position	25,056	4.7100 GBP
32 17/19p ordinary	CFD	reducing a short position	249,943	4.7125 GBP
32 17/19p ordinary	CFD	reducing a short position	53,900	4.7176 GBP
32 17/19p ordinary	CFD	reducing a short position	31,059	4.7214 GBP
32 17/19p ordinary	CFD	reducing a short position	36	4.7233 GBP
32 17/19p ordinary	CFD	reducing a short position	889	4.7242 GBP
32 17/19p ordinary	CFD	reducing a short position	27,674	4.7246 GBP
32 17/19p ordinary	CFD	reducing a short position	868	4.7300 GBP
32 17/19p ordinary	CFD	reducing a short position	27,471	4.7310 GBP
32 17/19p ordinary	CFD	reducing a short position	71,144	4.7332 GBP
32 17/19p ordinary	CFD	reducing a short position	40,221	4.7341 GBP
32 17/19p ordinary	CFD	reducing a short position	83,985	4.7344 GBP
32 17/19p ordinary	CFD	reducing a short position	1,055	4.7369 GBP
32 17/19p ordinary	CFD	reducing a short position	32,320	4.7396 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:	13 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