Form 8.5 (EPT/RI)- Replacement of Direct Line

Morgan Stanley & Co. Int'l plc

05 December 2024

 

AMENDMENT(2(a), 2(b))

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:	28 November 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	PURCHASES	6,890,958	2.3000 GBP	2.1020 GBP
10 10/11p ordinary	SALES	14,393,660	2.3000 GBP	2.1508 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 short position	829	2.1680 GBP
10 10/11p ordinary	CFD	increasing a short position	3,273	2.1715 GBP
10 10/11p ordinary	CFD	increasing a short position	5,000	2.1813 GBP
10 10/11p ordinary	CFD	increasing a short position	6,692	2.2247 GBP
10 10/11p ordinary	CFD	increasing a short position	1,401	2.2311 GBP
10 10/11p ordinary	CFD	increasing a short position	53,428	2.2326 GBP
10 10/11p ordinary	CFD	increasing a short position	7,305	2.2333 GBP
10 10/11p ordinary	CFD	increasing a short position	26,780	2.2340 GBP
10 10/11p ordinary	CFD	increasing a short position	2,249	2.2371 GBP
10 10/11p ordinary	CFD	increasing a short position	240	2.2378 GBP
10 10/11p ordinary	CFD	increasing a short position	6,072	2.2433 GBP
10 10/11p ordinary	CFD	increasing a short position	852	2.2433 GBP
10 10/11p ordinary	CFD	increasing a short position	526	2.2440 GBP
10 10/11p ordinary	CFD	increasing a short position	7,451	2.2440 GBP
10 10/11p ordinary	CFD	increasing a short position	802	2.2440 GBP
10 10/11p ordinary	CFD	increasing a short position	68,973	2.2440 GBP
10 10/11p ordinary	CFD	increasing a short position	88,104	2.2441 GBP
10 10/11p ordinary	CFD	increasing a short position	67,622	2.2464 GBP
10 10/11p ordinary	CFD	increasing a short position	727,436	2.2506 GBP
10 10/11p ordinary	CFD	increasing a short position	71,454	2.2621 GBP
10 10/11p ordinary	CFD	increasing a short position	41,822	2.2705 GBP
10 10/11p ordinary	CFD	increasing a short position	2,271	2.2723 GBP
10 10/11p ordinary	CFD	increasing a short position	34,633	2.2850 GBP
10 10/11p ordinary	CFD	increasing a short position	2,067	2.2902 GBP
10 10/11p ordinary	CFD	increasing a short position	591	2.2921 GBP
10 10/11p ordinary	CFD	reducing a long position	157,422	2.1647 GBP
10 10/11p ordinary	CFD	reducing a long position	64,791	2.2418 GBP
10 10/11p ordinary	CFD	reducing a long position	4,532	2.2440 GBP
10 10/11p ordinary	CFD	reducing a long position	3,088	2.2440 GBP
10 10/11p ordinary	CFD	reducing a long position	34,468	2.2440 GBP
10 10/11p ordinary	CFD	reducing a long position	48,876	2.2475 GBP
10 10/11p ordinary	CFD	reducing a short position	34,750	2.1534 GBP
10 10/11p ordinary	CFD	reducing a short position	22,499	2.1534 GBP
10 10/11p ordinary	CFD	reducing a short position	34,750	2.1543 GBP
10 10/11p ordinary	CFD	reducing a short position	22,499	2.1543 GBP
10 10/11p ordinary	CFD	reducing a short position	28,324	2.1745 GBP
10 10/11p ordinary	CFD	reducing a short position	5,000	2.1780 GBP
10 10/11p ordinary	CFD	reducing a short position	9,002	2.1893 GBP
10 10/11p ordinary	CFD	reducing a short position	27,800	2.1893 GBP
10 10/11p ordinary	CFD	reducing a short position	32,491	2.2068 GBP
10 10/11p ordinary	CFD	reducing a short position	69,170	2.2097 GBP
10 10/11p ordinary	CFD	reducing a short position	50,000	2.2280 GBP
10 10/11p ordinary	CFD	reducing a short position	3,100	2.2285 GBP
10 10/11p ordinary	CFD	reducing a short position	6,115	2.2288 GBP
10 10/11p ordinary	CFD	reducing a short position	19,124	2.2339 GBP
10 10/11p ordinary	CFD	reducing a short position	400	2.2340 GBP
10 10/11p ordinary	CFD	reducing a short position	181,556	2.2373 GBP
10 10/11p ordinary	CFD	reducing a short position	34,633	2.2391 GBP
10 10/11p ordinary	CFD	reducing a short position	53,380	2.2416 GBP
10 10/11p ordinary	CFD	reducing a short position	1,585,850	2.2418 GBP
10 10/11p ordinary	CFD	reducing a short position	92,444	2.2422 GBP
10 10/11p ordinary	CFD	reducing a short position	37,393	2.2429 GBP
10 10/11p ordinary	CFD	reducing a short position	2,873	2.2438 GBP
10 10/11p ordinary	CFD	reducing a short position	30,200	2.2440 GBP
10 10/11p ordinary	CFD	reducing a short position	101,620	2.2440 GBP
10 10/11p ordinary	CFD	reducing a short position	48,593	2.2440 GBP
10 10/11p ordinary	CFD	reducing a short position	184,426	2.2440 GBP
10 10/11p ordinary	CFD	reducing a short position	2,653	2.2453 GBP
10 10/11p ordinary	CFD	reducing a short position	3,220,458	2.2494 GBP
10 10/11p ordinary	CFD	reducing a short position	979,542	2.2494 GBP
10 10/11p ordinary	CFD	reducing a short position	659,096	2.2505 GBP
10 10/11p ordinary	CFD	reducing a short position	375,183	2.2506 GBP
10 10/11p ordinary	CFD	reducing a short position	17,760	2.2507 GBP
10 10/11p ordinary	CFD	reducing a short position	67,827	2.2566 GBP
10 10/11p ordinary	CFD	reducing a short position	60,000	2.2567 GBP
10 10/11p ordinary	CFD	reducing a short position	300,000	2.2596 GBP
10 10/11p ordinary	CFD	reducing a short position	16,904	2.2665 GBP
10 10/11p ordinary	CFD	reducing a short position	222,206	2.2757 GBP
10 10/11p ordinary	CFD	reducing a short position	138,745	2.2800 GBP
10 10/11p ordinary	CFD	reducing a short position	246,143	2.2830 GBP
10 10/11p ordinary	CFD	reducing a short position	1,069	2.2875 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:	05 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