Form 8.5 (EPT/RI) - Aviva plc

Morgan Stanley & Co. Int'l plc

09 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	Aviva 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:	06 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- Direct Line Insurance Group 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
32 17/19p ordinary	PURCHASES	4,446,164	4.9170 GBP	4.8195 GBP
32 17/19p ordinary	SALES	6,632,544	4.9195 GBP	4.8170 GBP
32 17/19p ordinary	PURCHASES	18,597	5.8311 EUR	5.8311 EUR

(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
32 17/19p ordinary	CFD	increasing a long position	125,640	4.8207 GBP
32 17/19p ordinary	CFD	increasing a long position	8,222	4.8228 GBP
32 17/19p ordinary	CFD	increasing a long position	5,492	4.8228 GBP
32 17/19p ordinary	CFD	increasing a long position	9,523	4.8228 GBP
32 17/19p ordinary	CFD	increasing a long position	20,645	4.8228 GBP
32 17/19p ordinary	CFD	increasing a long position	62,977	4.8340 GBP
32 17/19p ordinary	CFD	increasing a long position	72,945	4.8340 GBP
32 17/19p ordinary	CFD	increasing a long position	158,127	4.8340 GBP
32 17/19p ordinary	CFD	increasing a long position	42,067	4.8340 GBP
32 17/19p ordinary	CFD	increasing a long position	42,904	4.8360 GBP
32 17/19p ordinary	CFD	increasing a long position	26,167	4.8412 GBP
32 17/19p ordinary	CFD	increasing a long position	1,085	4.8482 GBP
32 17/19p ordinary	CFD	increasing a long position	1,305	4.8482 GBP
32 17/19p ordinary	CFD	increasing a long position	12,162	4.8573 GBP
32 17/19p ordinary	CFD	increasing a long position	2,434	4.8646 GBP
32 17/19p ordinary	CFD	increasing a long position	43,005	4.8738 GBP
32 17/19p ordinary	CFD	increasing a long position	104,523	4.8746 GBP
32 17/19p ordinary	CFD	increasing a long position	610,000	4.8760 GBP
32 17/19p ordinary	CFD	increasing a long position	12,657	4.8764 GBP
32 17/19p ordinary	CFD	increasing a long position	2,477	4.8790 GBP
32 17/19p ordinary	CFD	increasing a long position	1,410	4.8790 GBP
32 17/19p ordinary	CFD	increasing a long position	38,827	4.8817 GBP
32 17/19p ordinary	CFD	increasing a long position	286,700	4.8840 GBP
32 17/19p ordinary	CFD	increasing a long position	3,567	4.8864 GBP
32 17/19p ordinary	CFD	increasing a long position	286,700	4.8876 GBP
32 17/19p ordinary	CFD	increasing a long position	48,581	4.8916 GBP
32 17/19p ordinary	CFD	increasing a long position	229,360	4.8976 GBP
32 17/19p ordinary	CFD	increasing a long position	57,340	4.8981 GBP
32 17/19p ordinary	CFD	increasing a long position	57,340	4.8995 GBP
32 17/19p ordinary	CFD	increasing a short position	1,865	4.8340 GBP
32 17/19p ordinary	CFD	increasing a short position	41,925	4.8351 GBP
32 17/19p ordinary	CFD	increasing a short position	2,850	4.8360 GBP
32 17/19p ordinary	CFD	increasing a short position	499	4.8360 GBP
32 17/19p ordinary	CFD	increasing a short position	6	4.8360 GBP
32 17/19p ordinary	CFD	increasing a short position	31,641	4.8379 GBP
32 17/19p ordinary	CFD	increasing a short position	12,384	4.8387 GBP
32 17/19p ordinary	CFD	increasing a short position	19,929	4.8389 GBP
32 17/19p ordinary	CFD	increasing a short position	19,890	4.8456 GBP
32 17/19p ordinary	CFD	increasing a short position	28,054	4.8484 GBP
32 17/19p ordinary	CFD	increasing a short position	103	4.8491 GBP
32 17/19p ordinary	CFD	increasing a short position	489	4.8491 GBP
32 17/19p ordinary	CFD	increasing a short position	32	4.8491 GBP
32 17/19p ordinary	CFD	increasing a short position	194	4.8491 GBP
32 17/19p ordinary	CFD	increasing a short position	81,470	4.8491 GBP
32 17/19p ordinary	CFD	increasing a short position	55,686	4.8511 GBP
32 17/19p ordinary	CFD	increasing a short position	56,970	4.8542 GBP
32 17/19p ordinary	CFD	increasing a short position	23,600	4.8556 GBP
32 17/19p ordinary	CFD	increasing a short position	21,428	4.8575 GBP
32 17/19p ordinary	CFD	increasing a short position	140,104	4.8598 GBP
32 17/19p ordinary	CFD	increasing a short position	56,615	4.8601 GBP
32 17/19p ordinary	CFD	increasing a short position	16,596	4.8609 GBP
32 17/19p ordinary	CFD	increasing a short position	134,746	4.8609 GBP
32 17/19p ordinary	CFD	increasing a short position	800	4.8610 GBP
32 17/19p ordinary	CFD	increasing a short position	5,463	4.8630 GBP
32 17/19p ordinary	CFD	increasing a short position	5,298	4.8711 GBP
32 17/19p ordinary	CFD	increasing a short position	28,378	4.8769 GBP
32 17/19p ordinary	CFD	increasing a short position	4,300	4.8776 GBP
32 17/19p ordinary	CFD	increasing a short position	6,244	4.8777 GBP
32 17/19p ordinary	CFD	increasing a short position	195	4.8823 GBP
32 17/19p ordinary	CFD	increasing a short position	1,613	4.8907 GBP
32 17/19p ordinary	CFD	increasing a short position	20,799	4.9015 GBP
32 17/19p ordinary	CFD	reducing a long position	2,769	4.8267 GBP
32 17/19p ordinary	CFD	reducing a long position	26,310	4.8267 GBP
32 17/19p ordinary	CFD	reducing a long position	8,979	4.8267 GBP
32 17/19p ordinary	CFD	reducing a long position	4,070	4.8267 GBP
32 17/19p ordinary	CFD	reducing a long position	1,463	4.8267 GBP
32 17/19p ordinary	CFD	reducing a long position	4,319	4.8287 GBP
32 17/19p ordinary	CFD	reducing a long position	1,958	4.8287 GBP
32 17/19p ordinary	CFD	reducing a long position	12,655	4.8287 GBP
32 17/19p ordinary	CFD	reducing a long position	703	4.8287 GBP
32 17/19p ordinary	CFD	reducing a long position	1,331	4.8287 GBP
32 17/19p ordinary	CFD	reducing a long position	3,242	4.8314 GBP
32 17/19p ordinary	CFD	reducing a long position	81,780	4.8327 GBP
32 17/19p ordinary	CFD	reducing a long position	18,597	4.8328 GBP
32 17/19p ordinary	CFD	reducing a long position	5,530	4.8349 GBP
32 17/19p ordinary	CFD	reducing a long position	1,375	4.8358 GBP
32 17/19p ordinary	CFD	reducing a long position	26,167	4.8360 GBP
32 17/19p ordinary	CFD	reducing a long position	268	4.8360 GBP
32 17/19p ordinary	CFD	reducing a long position	80	4.8368 GBP
32 17/19p ordinary	CFD	reducing a long position	5,000	4.8400 GBP
32 17/19p ordinary	CFD	reducing a long position	84	4.8491 GBP
32 17/19p ordinary	CFD	reducing a long position	9,514	4.8575 GBP
32 17/19p ordinary	CFD	reducing a long position	103	4.8715 GBP
32 17/19p ordinary	CFD	reducing a long position	12,657	4.8728 GBP
32 17/19p ordinary	CFD	reducing a long position	2,331	4.8758 GBP
32 17/19p ordinary	CFD	reducing a long position	48,581	4.8883 GBP
32 17/19p ordinary	CFD	reducing a short position	458	4.8260 GBP
32 17/19p ordinary	CFD	reducing a short position	15,123	4.8285 GBP
32 17/19p ordinary	CFD	reducing a short position	158,473	4.8328 GBP
32 17/19p ordinary	CFD	reducing a short position	5,019	4.8330 GBP
32 17/19p ordinary	CFD	reducing a short position	19,478	4.8345 GBP
32 17/19p ordinary	CFD	reducing a short position	135,833	4.8351 GBP
32 17/19p ordinary	CFD	reducing a short position	75	4.8360 GBP
32 17/19p ordinary	CFD	reducing a short position	375	4.8360 GBP
32 17/19p ordinary	CFD	reducing a short position	33,450	4.8360 GBP
32 17/19p ordinary	CFD	reducing a short position	28,020	4.8414 GBP
32 17/19p ordinary	CFD	reducing a short position	6,356	4.8513 GBP
32 17/19p ordinary	CFD	reducing a short position	2,387	4.8551 GBP
32 17/19p ordinary	CFD	reducing a short position	800	4.8563 GBP
32 17/19p ordinary	CFD	reducing a short position	2,300	4.8563 GBP
32 17/19p ordinary	CFD	reducing a short position	4,703	4.8570 GBP
32 17/19p ordinary	CFD	reducing a short position	13,338	4.8570 GBP
32 17/19p ordinary	CFD	reducing a short position	13,448	4.8570 GBP
32 17/19p ordinary	CFD	reducing a short position	34,888	4.8575 GBP
32 17/19p ordinary	CFD	reducing a short position	8,502	4.8580 GBP
32 17/19p ordinary	CFD	reducing a short position	3,183	4.8590 GBP
32 17/19p ordinary	CFD	reducing a short position	71,675	4.8641 GBP
32 17/19p ordinary	CFD	reducing a short position	71,675	4.8671 GBP
32 17/19p ordinary	CFD	reducing a short position	40,000	4.8760 GBP
32 17/19p ordinary	CFD	reducing a short position	11,458	4.8789 GBP
32 17/19p ordinary	CFD	reducing a short position	10,095	4.8797 GBP
32 17/19p ordinary	CFD	reducing a short position	4,072	4.8800 GBP
32 17/19p ordinary	CFD	reducing a short position	400,000	4.8819 GBP
32 17/19p ordinary	CFD	reducing a short position	10,215	4.8826 GBP
32 17/19p ordinary	CFD	reducing a short position	5,377	4.8847 GBP
32 17/19p ordinary	CFD	reducing a short position	1,171	4.8851 GBP
32 17/19p ordinary	CFD	reducing a short position	110,309	4.8873 GBP
32 17/19p ordinary	CFD	reducing a short position	5,217	4.8878 GBP
32 17/19p ordinary	CFD	reducing a short position	2	4.8880 GBP
32 17/19p ordinary	CFD	reducing a short position	14,416	4.8881 GBP
32 17/19p ordinary	CFD	reducing a short position	9,439	4.8954 GBP
32 17/19p ordinary	CFD	reducing a short position	929	4.9037 GBP
32 17/19p ordinary	CFD	reducing a short position	5,941	4.9082 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:	09 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