Form 8.5(EPT/RI)-Direct Line Insurance Group Amend

JPMorgan Securities Plc

22 March 2024

 

AMENDMENT

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:	J.P. Morgan Securities Plc
(b) Name of offeror/offeree in relation to whose relevant securities this form relates:      Use a separate form for each offeror/offeree	Direct Line Insurance Group plc
(c) Name of the party to the offer with which exempt principal trader is connected:	Financial Adviser to Direct Line Insurance Group plc
(d) Date dealing undertaken:	20 March 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, Ageas SA/NV

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
Ordinary 10 10/11p	Purchase Sale	1,021,863 1,099,776	2.1320 GBP 2.1310 GBP	2.1012 GBP 2.0889 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
Ordinary 10 10/11p	Equity Swap	Decrease Long Decrease Short Increase Long Increase Short Opening a long position Opening a short position	20,167  5  6,540  71,587  19,818  19,175  13,033  36,533  1,524  7,520  3,829  22,900  6,809  200,000  57,083  6,500  101  22,200  23,129  73,249  4,266  143,527  155,926  13,088  1,571  3,269  1,717  4,194  120,948  140,975  691  2,316  101,851  3,885  124,959  8,640  2,278  12,996  6,241  8,657  1,542	2.1155 GBP 2.1236 GBP 2.1013 GBP 2.1053 GBP 2.1112 GBP 2.1152 GBP 2.1154 GBP 2.1163 GBP 2.1191 GBP 2.1209 GBP 2.1242 GBP 2.1250 GBP 2.1253 GBP 2.1279 GBP 2.1301 GBP 2.1061 GBP 2.1066 GBP 2.1140 GBP 2.1142 GBP 2.1153 GBP 2.1158 GBP 2.1179 GBP 2.1194 GBP 2.1213 GBP 2.1039 GBP 2.1100 GBP 2.1104 GBP 2.1127 GBP 2.1149 GBP 2.1150 GBP 2.1297 GBP 2.1046 GBP 2.1112 GBP 2.1115 GBP 2.1150 GBP 2.1192 GBP 2.1200 GBP 2.1214 GBP 2.1221 GBP 2.1239 GBP 2.1270 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

(ii)        Exercise

Class of relevant security	Product description e.g. call option	Exercising/ exercised against	Number of securities	Exercise price per unit

(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)

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:	22 March 2024
Contact name:	Natasha Mondon
Telephone number:	01202 325175

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