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

JPMorgan Securities Plc

18 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:	15 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	8,839,772 11,476,981	2.1620 GBP 2.1610 GBP	2.0485 GBP 2.0500 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	10,000 4,572 1,471 12,118 4,644 38,437 537 300,000 858 196,565 456 156 1,500,000 15,786 7,248 428 8,527 10,404 847,747 90,531 9,351 399 20,944 374 8,599 1 21,919 22,650 36,448 16,555 331 33,928 12,503 18,508 1 1,024 9,071 303,365 20,184 8,076 31,273 22,400 34 1,040 892 126 3,126 956,188 14,797 5,447 1 459 552,842 459 5,463 6,538 1,356 181,797 78,375 18,742 55,972 27,366 1,794 192	2.0542 GBP 2.0900 GBP 2.0920 GBP 2.1053 GBP 2.1147 GBP 2.0688 GBP 2.0719 GBP 2.0737 GBP 2.0804 GBP 2.0830 GBP 2.0870 GBP 2.0914 GBP 2.1000 GBP 2.1011 GBP 2.1073 GBP 2.1128 GBP 2.1147 GBP 2.1174 GBP 2.1222 GBP 2.1225 GBP 2.1263 GBP 2.1378 GBP 2.1390 GBP 2.1426 GBP 2.1581 GBP 2.0518 GBP 2.0828 GBP 2.1105 GBP 2.1491 GBP 2.0616 GBP 2.0760 GBP 2.0809 GBP 2.0815 GBP 2.0829 GBP 2.0830 GBP 2.0831 GBP 2.0940 GBP 2.0942 GBP 2.1067 GBP 2.1125 GBP 2.1207 GBP 2.1229 GBP 2.1580 GBP 2.1620 GBP 2.0739 GBP 2.0740 GBP 2.0829 GBP 2.0830 GBP 2.1280 GBP 2.1316 GBP 2.1374 GBP 2.1590 GBP 2.0829 GBP 2.0830 GBP 2.0882 GBP 2.0908 GBP 2.1001 GBP 2.1111 GBP 2.1127 GBP 2.1137 GBP 2.1179 GBP 2.1233 GBP 2.1356 GBP 2.1516 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:	18 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