Form 8.5 (EPT/RI) - Aviva plc

Morgan Stanley & Co. Int'l plc

11 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:	10 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	1,773,197	4.8230 GBP	4.7370 GBP
32 17/19p ordinary	SALES	2,121,218	4.8240 GBP	4.7390 GBP
32 17/19p ordinary	PURCHASES	16,765	5.7695 EUR	5.7695 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	2,654	4.7524 GBP
32 17/19p ordinary	CFD	increasing a long position	40,620	4.7560 GBP
32 17/19p ordinary	CFD	increasing a long position	131	4.7560 GBP
32 17/19p ordinary	CFD	increasing a long position	56,298	4.7560 GBP
32 17/19p ordinary	CFD	increasing a long position	20,303	4.7572 GBP
32 17/19p ordinary	CFD	increasing a long position	13,088	4.7575 GBP
32 17/19p ordinary	CFD	increasing a long position	1,268	4.7593 GBP
32 17/19p ordinary	CFD	increasing a long position	497	4.7613 GBP
32 17/19p ordinary	CFD	increasing a long position	3,754	4.7719 GBP
32 17/19p ordinary	CFD	increasing a long position	1,799	4.7750 GBP
32 17/19p ordinary	CFD	increasing a long position	46,401	4.7830 GBP
32 17/19p ordinary	CFD	increasing a long position	71,675	4.7866 GBP
32 17/19p ordinary	CFD	increasing a long position	5,843	4.7901 GBP
32 17/19p ordinary	CFD	increasing a long position	172,020	4.7908 GBP
32 17/19p ordinary	CFD	increasing a long position	2,547	4.8230 GBP
32 17/19p ordinary	CFD	increasing a short position	12	4.7410 GBP
32 17/19p ordinary	CFD	increasing a short position	38,686	4.7500 GBP
32 17/19p ordinary	CFD	increasing a short position	12,637	4.7500 GBP
32 17/19p ordinary	CFD	increasing a short position	4,728	4.7532 GBP
32 17/19p ordinary	CFD	increasing a short position	16,765	4.7542 GBP
32 17/19p ordinary	CFD	increasing a short position	11,428	4.7554 GBP
32 17/19p ordinary	CFD	increasing a short position	22,485	4.7555 GBP
32 17/19p ordinary	CFD	increasing a short position	2,433	4.7560 GBP
32 17/19p ordinary	CFD	increasing a short position	8,057	4.7560 GBP
32 17/19p ordinary	CFD	increasing a short position	278	4.7560 GBP
32 17/19p ordinary	CFD	increasing a short position	543	4.7570 GBP
32 17/19p ordinary	CFD	increasing a short position	91,291	4.7618 GBP
32 17/19p ordinary	CFD	increasing a short position	63,304	4.7620 GBP
32 17/19p ordinary	CFD	increasing a short position	174	4.7620 GBP
32 17/19p ordinary	CFD	increasing a short position	41	4.7620 GBP
32 17/19p ordinary	CFD	increasing a short position	31,166	4.7625 GBP
32 17/19p ordinary	CFD	increasing a short position	3,839	4.7625 GBP
32 17/19p ordinary	CFD	increasing a short position	323,174	4.7633 GBP
32 17/19p ordinary	CFD	increasing a short position	69,173	4.7637 GBP
32 17/19p ordinary	CFD	increasing a short position	5,172	4.7671 GBP
32 17/19p ordinary	CFD	increasing a short position	6,065	4.7705 GBP
32 17/19p ordinary	CFD	increasing a short position	7,489	4.7780 GBP
32 17/19p ordinary	CFD	increasing a short position	5,500	4.7873 GBP
32 17/19p ordinary	CFD	increasing a short position	1,300	4.7898 GBP
32 17/19p ordinary	CFD	increasing a short position	823	4.7956 GBP
32 17/19p ordinary	CFD	increasing a short position	418	4.8230 GBP
32 17/19p ordinary	CFD	reducing a long position	3,098	4.7531 GBP
32 17/19p ordinary	CFD	reducing a long position	135	4.7545 GBP
32 17/19p ordinary	CFD	reducing a long position	60,052	4.7560 GBP
32 17/19p ordinary	CFD	reducing a long position	3,082	4.7565 GBP
32 17/19p ordinary	CFD	reducing a long position	6,615	4.7567 GBP
32 17/19p ordinary	CFD	reducing a long position	2,104	4.7567 GBP
32 17/19p ordinary	CFD	reducing a long position	1,268	4.7597 GBP
32 17/19p ordinary	CFD	reducing a long position	2,743	4.7667 GBP
32 17/19p ordinary	CFD	reducing a long position	1,799	4.7671 GBP
32 17/19p ordinary	CFD	reducing a long position	5,843	4.7984 GBP
32 17/19p ordinary	CFD	reducing a short position	5,351	4.7412 GBP
32 17/19p ordinary	CFD	reducing a short position	2,095	4.7423 GBP
32 17/19p ordinary	CFD	reducing a short position	16,872	4.7466 GBP
32 17/19p ordinary	CFD	reducing a short position	224,805	4.7542 GBP
32 17/19p ordinary	CFD	reducing a short position	18,235	4.7543 GBP
32 17/19p ordinary	CFD	reducing a short position	1,052	4.7545 GBP
32 17/19p ordinary	CFD	reducing a short position	49,436	4.7560 GBP
32 17/19p ordinary	CFD	reducing a short position	11,793	4.7560 GBP
32 17/19p ordinary	CFD	reducing a short position	418	4.7560 GBP
32 17/19p ordinary	CFD	reducing a short position	53	4.7569 GBP
32 17/19p ordinary	CFD	reducing a short position	49,739	4.7607 GBP
32 17/19p ordinary	CFD	reducing a short position	10,400	4.7609 GBP
32 17/19p ordinary	CFD	reducing a short position	600	4.7609 GBP
32 17/19p ordinary	CFD	reducing a short position	24,128	4.7619 GBP
32 17/19p ordinary	CFD	reducing a short position	2,231	4.7626 GBP
32 17/19p ordinary	CFD	reducing a short position	228	4.7626 GBP
32 17/19p ordinary	CFD	reducing a short position	1,156	4.7626 GBP
32 17/19p ordinary	CFD	reducing a short position	1,471	4.7626 GBP
32 17/19p ordinary	CFD	reducing a short position	34,256	4.7627 GBP
32 17/19p ordinary	CFD	reducing a short position	32,304	4.7714 GBP
32 17/19p ordinary	CFD	reducing a short position	1,504	4.7731 GBP
32 17/19p ordinary	CFD	reducing a short position	18,400	4.7752 GBP
32 17/19p ordinary	CFD	reducing a short position	79	4.7790 GBP
32 17/19p ordinary	CFD	reducing a short position	987	4.7793 GBP
32 17/19p ordinary	CFD	reducing a short position	719	4.7835 GBP
32 17/19p ordinary	CFD	reducing a short position	28	4.7880 GBP
32 17/19p ordinary	CFD	reducing a short position	3,712	4.7886 GBP
32 17/19p ordinary	CFD	reducing a short position	25,507	4.7897 GBP
32 17/19p ordinary	CFD	reducing a short position	469	4.7917 GBP
32 17/19p ordinary	CFD	reducing a short position	239	4.7917 GBP
32 17/19p ordinary	CFD	reducing a short position	110,488	4.7963 GBP
32 17/19p ordinary	CFD	reducing a short position	88	4.8229 GBP
32 17/19p ordinary	CFD	reducing a short position	270	4.8230 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:	11 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