Form 8.5 (EPT/RI)-Aviva plc

Morgan Stanley & Co. Int'l plc

16 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:	13 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	1,072,765	4.7680 GBP	4.7170 GBP
32 17/19p ordinary	PURCHASES	2,240,981	4.7690 GBP	4.7160 GBP
32 17/19p ordinary	PURCHASES	19,733	5.7258 EUR	5.7258 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	48,739	4.7391 GBP
32 17/19p ordinary	CFD	increasing a long position	71,675	4.7446 GBP
32 17/19p ordinary	CFD	increasing a long position	5	4.7468 GBP
32 17/19p ordinary	CFD	increasing a long position	4,002	4.7478 GBP
32 17/19p ordinary	CFD	increasing a long position	6,635	4.7506 GBP
32 17/19p ordinary	CFD	increasing a long position	1,990	4.7506 GBP
32 17/19p ordinary	CFD	increasing a long position	5,104	4.7506 GBP
32 17/19p ordinary	CFD	increasing a long position	34,646	4.7506 GBP
32 17/19p ordinary	CFD	increasing a long position	11,053	4.7506 GBP
32 17/19p ordinary	CFD	increasing a long position	35,838	4.7521 GBP
32 17/19p ordinary	CFD	increasing a long position	101,233	4.7532 GBP
32 17/19p ordinary	CFD	increasing a long position	1,366	4.7551 GBP
32 17/19p ordinary	CFD	increasing a long position	39,413	4.7551 GBP
32 17/19p ordinary	CFD	increasing a long position	1,093	4.7618 GBP
32 17/19p ordinary	CFD	increasing a long position	18,177	4.7620 GBP
32 17/19p ordinary	CFD	increasing a short position	334	4.7170 GBP
32 17/19p ordinary	CFD	increasing a short position	2,520	4.7317 GBP
32 17/19p ordinary	CFD	increasing a short position	29,180	4.7392 GBP
32 17/19p ordinary	CFD	increasing a short position	903	4.7462 GBP
32 17/19p ordinary	CFD	increasing a short position	5,949	4.7484 GBP
32 17/19p ordinary	CFD	increasing a short position	7,749	4.7485 GBP
32 17/19p ordinary	CFD	increasing a short position	1,900	4.7498 GBP
32 17/19p ordinary	CFD	increasing a short position	3,966	4.7502 GBP
32 17/19p ordinary	CFD	increasing a short position	12,144	4.7502 GBP
32 17/19p ordinary	CFD	increasing a short position	2,258	4.7503 GBP
32 17/19p ordinary	CFD	increasing a short position	36,612	4.7504 GBP
32 17/19p ordinary	CFD	increasing a short position	27,457	4.7506 GBP
32 17/19p ordinary	CFD	increasing a short position	223,075	4.7507 GBP
32 17/19p ordinary	CFD	increasing a short position	39,576	4.7508 GBP
32 17/19p ordinary	CFD	increasing a short position	9,417	4.7523 GBP
32 17/19p ordinary	CFD	increasing a short position	128,702	4.7538 GBP
32 17/19p ordinary	CFD	increasing a short position	4,978	4.7542 GBP
32 17/19p ordinary	CFD	increasing a short position	12,569	4.7544 GBP
32 17/19p ordinary	CFD	increasing a short position	18,439	4.7545 GBP
32 17/19p ordinary	CFD	increasing a short position	11,305	4.7549 GBP
32 17/19p ordinary	CFD	increasing a short position	6,612	4.7549 GBP
32 17/19p ordinary	CFD	increasing a short position	16,137	4.7565 GBP
32 17/19p ordinary	CFD	increasing a short position	41,716	4.7570 GBP
32 17/19p ordinary	CFD	increasing a short position	5,137	4.7570 GBP
32 17/19p ordinary	CFD	increasing a short position	615	4.7571 GBP
32 17/19p ordinary	CFD	increasing a short position	5,476	4.7593 GBP
32 17/19p ordinary	CFD	increasing a short position	19,733	4.7594 GBP
32 17/19p ordinary	CFD	increasing a short position	50,993	4.7603 GBP
32 17/19p ordinary	CFD	increasing a short position	61,182	4.7604 GBP
32 17/19p ordinary	CFD	increasing a short position	16,136	4.7620 GBP
32 17/19p ordinary	CFD	increasing a short position	603	4.7620 GBP
32 17/19p ordinary	CFD	increasing a short position	197	4.7620 GBP
32 17/19p ordinary	CFD	increasing a short position	34,961	4.7621 GBP
32 17/19p ordinary	CFD	reducing a long position	857,452	4.7170 GBP
32 17/19p ordinary	CFD	reducing a long position	12,839	4.7524 GBP
32 17/19p ordinary	CFD	reducing a long position	23,922	4.7547 GBP
32 17/19p ordinary	CFD	reducing a long position	6,063	4.7620 GBP
32 17/19p ordinary	CFD	reducing a long position	18,177	4.7620 GBP
32 17/19p ordinary	CFD	reducing a long position	1,366	4.7620 GBP
32 17/19p ordinary	CFD	reducing a long position	1,496	4.7627 GBP
32 17/19p ordinary	CFD	reducing a short position	2,347	4.7248 GBP
32 17/19p ordinary	CFD	reducing a short position	2,520	4.7373 GBP
32 17/19p ordinary	CFD	reducing a short position	1,796	4.7378 GBP
32 17/19p ordinary	CFD	reducing a short position	1,558	4.7458 GBP
32 17/19p ordinary	CFD	reducing a short position	663	4.7484 GBP
32 17/19p ordinary	CFD	reducing a short position	1,865	4.7490 GBP
32 17/19p ordinary	CFD	reducing a short position	121,055	4.7506 GBP
32 17/19p ordinary	CFD	reducing a short position	21,284	4.7516 GBP
32 17/19p ordinary	CFD	reducing a short position	29,180	4.7520 GBP
32 17/19p ordinary	CFD	reducing a short position	490	4.7521 GBP
32 17/19p ordinary	CFD	reducing a short position	54,200	4.7532 GBP
32 17/19p ordinary	CFD	reducing a short position	7,383	4.7549 GBP
32 17/19p ordinary	CFD	reducing a short position	11,614	4.7550 GBP
32 17/19p ordinary	CFD	reducing a short position	1,603	4.7551 GBP
32 17/19p ordinary	CFD	reducing a short position	217,645	4.7568 GBP
32 17/19p ordinary	CFD	reducing a short position	17,152	4.7578 GBP
32 17/19p ordinary	CFD	reducing a short position	3,180	4.7591 GBP
32 17/19p ordinary	CFD	reducing a short position	29	4.7594 GBP
32 17/19p ordinary	CFD	reducing a short position	1	4.7600 GBP
32 17/19p ordinary	CFD	reducing a short position	576	4.7616 GBP
32 17/19p ordinary	CFD	reducing a short position	833	4.7616 GBP
32 17/19p ordinary	CFD	reducing a short position	444	4.7616 GBP
32 17/19p ordinary	CFD	reducing a short position	1,903	4.7620 GBP
32 17/19p ordinary	CFD	reducing a short position	24	4.7620 GBP
32 17/19p ordinary	CFD	reducing a short position	20,645	4.7620 GBP
32 17/19p ordinary	CFD	reducing a short position	334	4.7620 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:	16 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