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

JPMorgan Securities Plc

14 March 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:	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:	13 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	9,342,848 6,293,341	2.3450 GBP 2.3080 GBP	2.0650 GBP 2.0650 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	5,105 144,941 10,000 14,492 1 475,457 90,000 138 12,282 148 11,870 4,377 4,130 474,025 13,660 117 613 415 24 155 5,200 15,774 19,965 2 1,864 3,302 2 72,074 78,888 1,271,628 200,000 289,722 57,073 200,000 182,500 42,464 182,500 52,939 34,179 18,606 600,000 18,700 4 11,394 1,440 428 6,908 4,363 6,957 811 23,081 11,394 19,794 241,678 847 830 15,335 7,284 11,207 5,096 1,957 2,076 15,945 5,545 1,348 21,668 811 21,402 59,577 108,980 559 103,329 693 745 629 4,589 5,502 9,598	2.1603 GBP 2.1992 GBP 2.0968 GBP 2.1304 GBP 2.1310 GBP 2.1358 GBP 2.1404 GBP 2.1434 GBP 2.1452 GBP 2.1503 GBP 2.1516 GBP 2.1598 GBP 2.1599 GBP 2.1600 GBP 2.1604 GBP 2.1605 GBP 2.1634 GBP 2.1714 GBP 2.2495 GBP 2.2548 GBP 2.2563 GBP 2.2582 GBP 2.2589 GBP 2.1438 GBP 2.1514 GBP 2.1596 GBP 2.1598 GBP 2.1694 GBP 2.1721 GBP 2.1110 GBP 2.1161 GBP 2.1199 GBP 2.1205 GBP 2.1211 GBP 2.1225 GBP 2.1255 GBP 2.1364 GBP 2.1466 GBP 2.1599 GBP 2.1690 GBP 2.1708 GBP 2.1792 GBP 2.2351 GBP 2.2452 GBP 2.1173 GBP 2.1219 GBP 2.1328 GBP 2.1348 GBP 2.1414 GBP 2.1530 GBP 2.1543 GBP 2.1569 GBP 2.1599 GBP 2.1600 GBP 2.1836 GBP 2.2610 GBP 2.1062 GBP 2.1219 GBP 2.1228 GBP 2.1250 GBP 2.1285 GBP 2.1319 GBP 2.1348 GBP 2.1356 GBP 2.1421 GBP 2.1475 GBP 2.1530 GBP 2.1540 GBP 2.1600 GBP 2.1635 GBP 2.1933 GBP 2.2401 GBP 2.2475 GBP 2.2483 GBP 2.2490 GBP 2.2520 GBP 2.2590 GBP 2.2600 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:	14 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