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

Morgan Stanley & Co. Int'l plc

06 December 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:	Morgan Stanley & Co. International 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:	Direct Line Insurance Group plc
(d) Date dealing undertaken:	05 December 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 - Aviva plc

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
10 10/11p ordinary	SALES	4,682,132	2.5310 GBP	2.3440 GBP
10 10/11p ordinary	PURCHASES	2,834,982	2.5360 GBP	2.3444 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
10 10/11p ordinary	CFD	increasing a long position	64	2.3600 GBP
10 10/11p ordinary	CFD	increasing a long position	79,395	2.3616 GBP
10 10/11p ordinary	CFD	increasing a long position	15,150	2.3658 GBP
10 10/11p ordinary	CFD	increasing a long position	58,869	2.3664 GBP
10 10/11p ordinary	CFD	increasing a long position	7,250	2.3664 GBP
10 10/11p ordinary	CFD	increasing a long position	951	2.3732 GBP
10 10/11p ordinary	CFD	increasing a long position	30,358	2.3741 GBP
10 10/11p ordinary	CFD	increasing a long position	3,102	2.3844 GBP
10 10/11p ordinary	CFD	increasing a long position	149,434	2.4405 GBP
10 10/11p ordinary	CFD	increasing a short position	4,410	2.3574 GBP
10 10/11p ordinary	CFD	increasing a short position	1,875	2.3600 GBP
10 10/11p ordinary	CFD	increasing a short position	5,584	2.3600 GBP
10 10/11p ordinary	CFD	increasing a short position	5,280	2.3600 GBP
10 10/11p ordinary	CFD	increasing a short position	4,333	2.3602 GBP
10 10/11p ordinary	CFD	increasing a short position	662	2.3616 GBP
10 10/11p ordinary	CFD	increasing a short position	5,577	2.3620 GBP
10 10/11p ordinary	CFD	increasing a short position	1,714	2.3642 GBP
10 10/11p ordinary	CFD	increasing a short position	19,907	2.3644 GBP
10 10/11p ordinary	CFD	increasing a short position	2,962	2.3645 GBP
10 10/11p ordinary	CFD	increasing a short position	83,669	2.3671 GBP
10 10/11p ordinary	CFD	increasing a short position	14,152	2.3673 GBP
10 10/11p ordinary	CFD	increasing a short position	15,689	2.3674 GBP
10 10/11p ordinary	CFD	increasing a short position	437,236	2.3685 GBP
10 10/11p ordinary	CFD	increasing a short position	96	2.3701 GBP
10 10/11p ordinary	CFD	increasing a short position	5,812	2.3738 GBP
10 10/11p ordinary	CFD	increasing a short position	33,718	2.3753 GBP
10 10/11p ordinary	CFD	increasing a short position	9,094	2.3838 GBP
10 10/11p ordinary	CFD	increasing a short position	10,000	2.3880 GBP
10 10/11p ordinary	CFD	increasing a short position	10,000	2.3990 GBP
10 10/11p ordinary	CFD	increasing a short position	6,678	2.4779 GBP
10 10/11p ordinary	CFD	reducing a long position	2,435	2.3573 GBP
10 10/11p ordinary	CFD	reducing a long position	64	2.3600 GBP
10 10/11p ordinary	CFD	reducing a long position	14,866	2.3600 GBP
10 10/11p ordinary	CFD	reducing a long position	1,256,917	2.3600 GBP
10 10/11p ordinary	CFD	reducing a long position	4,053	2.3600 GBP
10 10/11p ordinary	CFD	reducing a long position	390	2.3602 GBP
10 10/11p ordinary	CFD	reducing a long position	119	2.3614 GBP
10 10/11p ordinary	CFD	reducing a long position	50,240	2.3616 GBP
10 10/11p ordinary	CFD	reducing a long position	149,434	2.3622 GBP
10 10/11p ordinary	CFD	reducing a long position	7,009	2.3672 GBP
10 10/11p ordinary	CFD	reducing a long position	80	2.3769 GBP
10 10/11p ordinary	CFD	reducing a short position	9,300	2.3585 GBP
10 10/11p ordinary	CFD	reducing a short position	2,700	2.3585 GBP
10 10/11p ordinary	CFD	reducing a short position	18,759	2.3587 GBP
10 10/11p ordinary	CFD	reducing a short position	16,844	2.3594 GBP
10 10/11p ordinary	CFD	reducing a short position	326,117	2.3598 GBP
10 10/11p ordinary	CFD	reducing a short position	78	2.3600 GBP
10 10/11p ordinary	CFD	reducing a short position	91,115	2.3600 GBP
10 10/11p ordinary	CFD	reducing a short position	3,483	2.3600 GBP
10 10/11p ordinary	CFD	reducing a short position	13,900	2.3619 GBP
10 10/11p ordinary	CFD	reducing a short position	13,197	2.3631 GBP
10 10/11p ordinary	CFD	reducing a short position	39,499	2.3631 GBP
10 10/11p ordinary	CFD	reducing a short position	24,120	2.3633 GBP
10 10/11p ordinary	CFD	reducing a short position	13,265	2.3640 GBP
10 10/11p ordinary	CFD	reducing a short position	4,017	2.3669 GBP
10 10/11p ordinary	CFD	reducing a short position	202,128	2.3670 GBP
10 10/11p ordinary	CFD	reducing a short position	479,182	2.3676 GBP
10 10/11p ordinary	CFD	reducing a short position	7,769	2.3682 GBP
10 10/11p ordinary	CFD	reducing a short position	105,775	2.3686 GBP
10 10/11p ordinary	CFD	reducing a short position	112,843	2.3692 GBP
10 10/11p ordinary	CFD	reducing a short position	573	2.3700 GBP
10 10/11p ordinary	CFD	reducing a short position	35,786	2.3701 GBP
10 10/11p ordinary	CFD	reducing a short position	155	2.3710 GBP
10 10/11p ordinary	CFD	reducing a short position	54,600	2.3712 GBP
10 10/11p ordinary	CFD	reducing a short position	5,584	2.3732 GBP
10 10/11p ordinary	CFD	reducing a short position	313,323	2.3757 GBP
10 10/11p ordinary	CFD	reducing a short position	56,671	2.3789 GBP
10 10/11p ordinary	CFD	reducing a short position	311,233	2.3797 GBP
10 10/11p ordinary	CFD	reducing a short position	13,079	2.3825 GBP
10 10/11p ordinary	CFD	reducing a short position	2,389	2.3844 GBP
10 10/11p ordinary	CFD	reducing a short position	6,678	2.3887 GBP
10 10/11p ordinary	CFD	reducing a short position	2,346	2.3959 GBP
10 10/11p ordinary	CFD	reducing a short position	26,185	2.4204 GBP
10 10/11p ordinary	CFD	reducing a short position	10,000	2.4437 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
N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

(ii)        Exercise

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

(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)
N/A	N/A	N/A	N/A

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:	06 December 2024
Contact name:	Craig Horsley
Telephone number:	[phone]

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