Form 8.5 (EPT/RI)-Aviva plc

Morgan Stanley & Co. Int'l plc

19 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:	18 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	2,609,149	4.6864 GBP	4.6320 GBP
32 17/19p ordinary	SALES	3,468,665	4.6870 GBP	4.6300 GBP
32 17/19p ordinary	PURCHASES	53,715	5.6235 EUR	5.6219 EUR
32 17/19p ordinary	PURCHASES	279	5.8871 USD	5.8871 USD
32 17/19p ordinary	SALES	279	5.8871 USD	5.8871 USD

(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	207	4.6335 GBP
32 17/19p ordinary	CFD	increasing a long position	31,291	4.6335 GBP
32 17/19p ordinary	CFD	increasing a long position	4,600	4.6335 GBP
32 17/19p ordinary	CFD	increasing a long position	400	4.6335 GBP
32 17/19p ordinary	CFD	increasing a long position	2,200	4.6335 GBP
32 17/19p ordinary	CFD	increasing a long position	3,400	4.6335 GBP
32 17/19p ordinary	CFD	increasing a long position	6,600	4.6344 GBP
32 17/19p ordinary	CFD	increasing a long position	60,360	4.6344 GBP
32 17/19p ordinary	CFD	increasing a long position	391	4.6344 GBP
32 17/19p ordinary	CFD	increasing a long position	8,900	4.6344 GBP
32 17/19p ordinary	CFD	increasing a long position	4,400	4.6344 GBP
32 17/19p ordinary	CFD	increasing a long position	600	4.6344 GBP
32 17/19p ordinary	CFD	increasing a long position	3,918	4.6380 GBP
32 17/19p ordinary	CFD	increasing a long position	175	4.6390 GBP
32 17/19p ordinary	CFD	increasing a long position	1,773	4.6390 GBP
32 17/19p ordinary	CFD	increasing a long position	458	4.6390 GBP
32 17/19p ordinary	CFD	increasing a long position	982	4.6390 GBP
32 17/19p ordinary	CFD	increasing a long position	50,000	4.6405 GBP
32 17/19p ordinary	CFD	increasing a long position	2,900	4.6430 GBP
32 17/19p ordinary	CFD	increasing a long position	17,100	4.6430 GBP
32 17/19p ordinary	CFD	increasing a long position	35,600	4.6430 GBP
32 17/19p ordinary	CFD	increasing a long position	26,200	4.6430 GBP
32 17/19p ordinary	CFD	increasing a long position	1,566	4.6430 GBP
32 17/19p ordinary	CFD	increasing a long position	241,438	4.6430 GBP
32 17/19p ordinary	CFD	increasing a long position	10,568	4.6434 GBP
32 17/19p ordinary	CFD	increasing a long position	4,475	4.6456 GBP
32 17/19p ordinary	CFD	increasing a long position	2,658	4.6493 GBP
32 17/19p ordinary	CFD	increasing a long position	7,202	4.6500 GBP
32 17/19p ordinary	CFD	increasing a long position	22,461	4.6500 GBP
32 17/19p ordinary	CFD	increasing a long position	42,678	4.6500 GBP
32 17/19p ordinary	CFD	increasing a long position	127,174	4.6500 GBP
32 17/19p ordinary	CFD	increasing a long position	14,286	4.6500 GBP
32 17/19p ordinary	CFD	increasing a long position	16,000	4.6565 GBP
32 17/19p ordinary	CFD	increasing a long position	7,600	4.6565 GBP
32 17/19p ordinary	CFD	increasing a long position	1,300	4.6565 GBP
32 17/19p ordinary	CFD	increasing a long position	11,800	4.6565 GBP
32 17/19p ordinary	CFD	increasing a long position	108,647	4.6565 GBP
32 17/19p ordinary	CFD	increasing a long position	765	4.6565 GBP
32 17/19p ordinary	CFD	increasing a long position	338	4.6674 GBP
32 17/19p ordinary	CFD	increasing a long position	70,671	4.6713 GBP
32 17/19p ordinary	CFD	increasing a long position	38	4.6750 GBP
32 17/19p ordinary	CFD	increasing a long position	539	4.6808 GBP
32 17/19p ordinary	CFD	increasing a short position	4,299	4.6346 GBP
32 17/19p ordinary	CFD	increasing a short position	13,172	4.6346 GBP
32 17/19p ordinary	CFD	increasing a short position	1,105	4.6376 GBP
32 17/19p ordinary	CFD	increasing a short position	17,756	4.6380 GBP
32 17/19p ordinary	CFD	increasing a short position	34,412	4.6380 GBP
32 17/19p ordinary	CFD	increasing a short position	2,256	4.6382 GBP
32 17/19p ordinary	CFD	increasing a short position	3,472	4.6385 GBP
32 17/19p ordinary	CFD	increasing a short position	1,548	4.6390 GBP
32 17/19p ordinary	CFD	increasing a short position	657	4.6390 GBP
32 17/19p ordinary	CFD	increasing a short position	149	4.6390 GBP
32 17/19p ordinary	CFD	increasing a short position	13,458	4.6390 GBP
32 17/19p ordinary	CFD	increasing a short position	19,448	4.6398 GBP
32 17/19p ordinary	CFD	increasing a short position	103	4.6399 GBP
32 17/19p ordinary	CFD	increasing a short position	6,731	4.6417 GBP
32 17/19p ordinary	CFD	increasing a short position	66,434	4.6422 GBP
32 17/19p ordinary	CFD	increasing a short position	2,670	4.6443 GBP
32 17/19p ordinary	CFD	increasing a short position	21,683	4.6443 GBP
32 17/19p ordinary	CFD	increasing a short position	23,614	4.6449 GBP
32 17/19p ordinary	CFD	increasing a short position	500	4.6501 GBP
32 17/19p ordinary	CFD	increasing a short position	8,670	4.6514 GBP
32 17/19p ordinary	CFD	increasing a short position	4,799	4.6547 GBP
32 17/19p ordinary	CFD	increasing a short position	1,353	4.6553 GBP
32 17/19p ordinary	CFD	increasing a short position	9,386	4.6558 GBP
32 17/19p ordinary	CFD	increasing a short position	18,372	4.6606 GBP
32 17/19p ordinary	CFD	increasing a short position	2,448	4.6653 GBP
32 17/19p ordinary	CFD	increasing a short position	400	4.6710 GBP
32 17/19p ordinary	CFD	increasing a short position	2,100	4.6790 GBP
32 17/19p ordinary	CFD	reducing a long position	8,687	4.6376 GBP
32 17/19p ordinary	CFD	reducing a long position	4,770	4.6395 GBP
32 17/19p ordinary	CFD	reducing a long position	7,133	4.6417 GBP
32 17/19p ordinary	CFD	reducing a long position	234	4.6439 GBP
32 17/19p ordinary	CFD	reducing a long position	3,599	4.6447 GBP
32 17/19p ordinary	CFD	reducing a long position	3,024	4.6447 GBP
32 17/19p ordinary	CFD	reducing a long position	1,572	4.6486 GBP
32 17/19p ordinary	CFD	reducing a long position	982	4.6750 GBP
32 17/19p ordinary	CFD	reducing a short position	17,996	4.6381 GBP
32 17/19p ordinary	CFD	reducing a short position	163,398	4.6387 GBP
32 17/19p ordinary	CFD	reducing a short position	3,503	4.6388 GBP
32 17/19p ordinary	CFD	reducing a short position	1,074	4.6390 GBP
32 17/19p ordinary	CFD	reducing a short position	30,345	4.6390 GBP
32 17/19p ordinary	CFD	reducing a short position	16	4.6390 GBP
32 17/19p ordinary	CFD	reducing a short position	49,623	4.6410 GBP
32 17/19p ordinary	CFD	reducing a short position	2,484	4.6422 GBP
32 17/19p ordinary	CFD	reducing a short position	250,700	4.6450 GBP
32 17/19p ordinary	CFD	reducing a short position	18,372	4.6490 GBP
32 17/19p ordinary	CFD	reducing a short position	46,792	4.6541 GBP
32 17/19p ordinary	CFD	reducing a short position	1,556	4.6552 GBP
32 17/19p ordinary	CFD	reducing a short position	1,217	4.6575 GBP
32 17/19p ordinary	CFD	reducing a short position	1,825	4.6580 GBP
32 17/19p ordinary	CFD	reducing a short position	838	4.6810 GBP
32 17/19p ordinary	CFD	reducing a short position	1,353	4.6830 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:	19 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