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

Morgan Stanley & Co. Int'l plc

05 December 2024

 

AMENDMENT(2(a))

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:	03 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	1,363,747	2.3140 GBP	2.2840 GBP
10 10/11p ordinary	PURCHASES	3,085,842	2.3200 GBP	2.2840 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	2,092	2.2991 GBP
10 10/11p ordinary	CFD	increasing a long position	4	2.3010 GBP
10 10/11p ordinary	CFD	increasing a long position	11,832	2.3024 GBP
10 10/11p ordinary	CFD	increasing a long position	179,786	2.3043 GBP
10 10/11p ordinary	CFD	increasing a long position	14,569	2.3051 GBP
10 10/11p ordinary	CFD	increasing a long position	332	2.3060 GBP
10 10/11p ordinary	CFD	increasing a long position	26,967	2.3060 GBP
10 10/11p ordinary	CFD	increasing a long position	1,698	2.3060 GBP
10 10/11p ordinary	CFD	increasing a long position	72	2.3061 GBP
10 10/11p ordinary	CFD	increasing a short position	300,000	2.2910 GBP
10 10/11p ordinary	CFD	increasing a short position	10,000	2.2931 GBP
10 10/11p ordinary	CFD	increasing a short position	35	2.2968 GBP
10 10/11p ordinary	CFD	increasing a short position	1	2.3000 GBP
10 10/11p ordinary	CFD	increasing a short position	93	2.3003 GBP
10 10/11p ordinary	CFD	increasing a short position	18,384	2.3004 GBP
10 10/11p ordinary	CFD	increasing a short position	9,010	2.3009 GBP
10 10/11p ordinary	CFD	increasing a short position	357	2.3012 GBP
10 10/11p ordinary	CFD	increasing a short position	9,496	2.3027 GBP
10 10/11p ordinary	CFD	increasing a short position	1,133	2.3031 GBP
10 10/11p ordinary	CFD	increasing a short position	18,993	2.3047 GBP
10 10/11p ordinary	CFD	increasing a short position	46,167	2.3050 GBP
10 10/11p ordinary	CFD	increasing a short position	106,197	2.3060 GBP
10 10/11p ordinary	CFD	increasing a short position	12,996	2.3060 GBP
10 10/11p ordinary	CFD	increasing a short position	707	2.3061 GBP
10 10/11p ordinary	CFD	increasing a short position	417	2.3082 GBP
10 10/11p ordinary	CFD	increasing a short position	243	2.3103 GBP
10 10/11p ordinary	CFD	increasing a short position	2,669	2.3139 GBP
10 10/11p ordinary	CFD	reducing a long position	2	2.2920 GBP
10 10/11p ordinary	CFD	reducing a long position	240	2.3035 GBP
10 10/11p ordinary	CFD	reducing a long position	384	2.3051 GBP
10 10/11p ordinary	CFD	reducing a long position	2,418	2.3051 GBP
10 10/11p ordinary	CFD	reducing a long position	10,650	2.3051 GBP
10 10/11p ordinary	CFD	reducing a long position	106	2.3051 GBP
10 10/11p ordinary	CFD	reducing a long position	974	2.3051 GBP
10 10/11p ordinary	CFD	reducing a long position	799	2.3051 GBP
10 10/11p ordinary	CFD	reducing a long position	594	2.3051 GBP
10 10/11p ordinary	CFD	reducing a long position	1,861	2.3051 GBP
10 10/11p ordinary	CFD	reducing a long position	16,692	2.3052 GBP
10 10/11p ordinary	CFD	reducing a long position	180	2.3052 GBP
10 10/11p ordinary	CFD	reducing a long position	12,164	2.3060 GBP
10 10/11p ordinary	CFD	reducing a long position	364,685	2.3060 GBP
10 10/11p ordinary	CFD	reducing a long position	10,213	2.3060 GBP
10 10/11p ordinary	CFD	reducing a long position	2,092	2.3060 GBP
10 10/11p ordinary	CFD	reducing a long position	26,967	2.3060 GBP
10 10/11p ordinary	CFD	reducing a long position	316	2.3062 GBP
10 10/11p ordinary	CFD	reducing a long position	86	2.3062 GBP
10 10/11p ordinary	CFD	reducing a long position	660	2.3062 GBP
10 10/11p ordinary	CFD	reducing a long position	1,998	2.3062 GBP
10 10/11p ordinary	CFD	reducing a long position	805	2.3062 GBP
10 10/11p ordinary	CFD	reducing a short position	66	2.2860 GBP
10 10/11p ordinary	CFD	reducing a short position	1,133	2.2896 GBP
10 10/11p ordinary	CFD	reducing a short position	73	2.2959 GBP
10 10/11p ordinary	CFD	reducing a short position	203	2.2978 GBP
10 10/11p ordinary	CFD	reducing a short position	2,520	2.2991 GBP
10 10/11p ordinary	CFD	reducing a short position	1	2.3000 GBP
10 10/11p ordinary	CFD	reducing a short position	58,406	2.3020 GBP
10 10/11p ordinary	CFD	reducing a short position	44,877	2.3021 GBP
10 10/11p ordinary	CFD	reducing a short position	19,549	2.3028 GBP
10 10/11p ordinary	CFD	reducing a short position	4,900	2.3034 GBP
10 10/11p ordinary	CFD	reducing a short position	1,700	2.3034 GBP
10 10/11p ordinary	CFD	reducing a short position	21,906	2.3044 GBP
10 10/11p ordinary	CFD	reducing a short position	177,868	2.3044 GBP
10 10/11p ordinary	CFD	reducing a short position	4,910	2.3050 GBP
10 10/11p ordinary	CFD	reducing a short position	4,096	2.3050 GBP
10 10/11p ordinary	CFD	reducing a short position	2,542	2.3050 GBP
10 10/11p ordinary	CFD	reducing a short position	2,950	2.3055 GBP
10 10/11p ordinary	CFD	reducing a short position	174,255	2.3058 GBP
10 10/11p ordinary	CFD	reducing a short position	1,938	2.3060 GBP
10 10/11p ordinary	CFD	reducing a short position	1,756	2.3060 GBP
10 10/11p ordinary	CFD	reducing a short position	8,950	2.3060 GBP
10 10/11p ordinary	CFD	reducing a short position	74	2.3060 GBP
10 10/11p ordinary	CFD	reducing a short position	35	2.3062 GBP
10 10/11p ordinary	CFD	reducing a short position	43	2.3076 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