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

JPMorgan Securities Plc

25 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:	21 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	2,292,411 2,003,820	2.1592 GBP 2.1822 GBP	2.0587 GBP 2.0508 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	1,786  1,950  173,933  3,195  20,355  38,447  142,525  80,688  65,567  9,659  66,454  583  4,305  11,883  14,492  14,931  24,965  388  5,000  4,082  881  200,407  1,523  22,116  86  84,888  100,000  1,046  441,074  100,000  310,208  326  20,696  59,567  1,762  7,574  34,520  6,524  4,675  1,000  22,200  3,763  19,541  71,770  1,523	2.1104 GBP 2.1593 GBP 2.0508 GBP 2.0820 GBP 2.1027 GBP 2.1122 GBP 2.1169 GBP 2.1170 GBP 2.1195 GBP 2.1197 GBP 2.1208 GBP 2.1248 GBP 2.1275 GBP 2.1291 GBP 2.1331 GBP 2.1349 GBP 2.1382 GBP 2.1450 GBP 2.1478 GBP 2.1483 GBP 2.1569 GBP 2.1576 GBP 2.1584 GBP 2.1193 GBP 2.1309 GBP 2.0587 GBP 2.0771 GBP 2.1120 GBP 2.1137 GBP 2.1161 GBP 2.1170 GBP 2.1183 GBP 2.1185 GBP 2.1202 GBP 2.1209 GBP 2.1210 GBP 2.1217 GBP 2.1221 GBP 2.1241 GBP 2.1271 GBP 2.1296 GBP 2.1310 GBP 2.1315 GBP 2.1357 GBP 2.1586 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:	25 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