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

JPMorgan Securities Plc

19 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:	18 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	1,966,961 1,881,045	2.1112 GBP 2.1109 GBP	2.0680 GBP 2.0681 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	3,966 2,478 1,849 199,557 1,802 2,033 12,047 8,963 13,371 6,514 15 2,649 4,396 7,740 2,059 59,451 8,402 7,898 26,811 4,945 8,027 10,695 4,452 99 4,334 310 99 1,356 111,656 153,415 107,127 206,022 28,700 72 2 135 10,114 383 90,000 19,987 51,609 3,862 3,003 5,443 6,759 22,200 201,039 993 5,000	2.0924 GBP 2.0929 GBP 2.0949 GBP 2.0956 GBP 2.0961 GBP 2.0970 GBP 2.0973 GBP 2.0974 GBP 2.0976 GBP 2.0982 GBP 2.0984 GBP 2.0990 GBP 2.0997 GBP 2.1001 GBP 2.1008 GBP 2.1011 GBP 2.1059 GBP 2.0900 GBP 2.0905 GBP 2.0946 GBP 2.0976 GBP 2.0982 GBP 2.1014 GBP 2.1020 GBP 2.1027 GBP 2.1030 GBP 2.1040 GBP 2.1060 GBP 2.1061 GBP 2.1069 GBP 2.0899 GBP 2.0900 GBP 2.0945 GBP 2.0967 GBP 2.1044 GBP 2.1047 GBP 2.1101 GBP 2.0683 GBP 2.0910 GBP 2.0925 GBP 2.0931 GBP 2.0936 GBP 2.0944 GBP 2.0986 GBP 2.0988 GBP 2.1016 GBP 2.1046 GBP 2.1090 GBP 2.1112 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:	19 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