Form 8.5 (EPT/RI)- Aviva plc

Morgan Stanley & Co. Int'l plc

24 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:	23 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	SALES	5,380,429	4.6243 GBP	4.5542 GBP
32 17/19p ordinary	PURCHASES	7,305,704	4.6244 GBP	4.5480 GBP
32 17/19p ordinary	PURCHASES	15,782	5.5652 EUR	5.5652 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	157,831	4.5591 GBP
32 17/19p ordinary	CFD	increasing a long position	42,489	4.5591 GBP
32 17/19p ordinary	CFD	increasing a long position	106,142	4.5713 GBP
32 17/19p ordinary	CFD	increasing a long position	97,402	4.5713 GBP
32 17/19p ordinary	CFD	increasing a long position	4,632	4.5832 GBP
32 17/19p ordinary	CFD	increasing a long position	38,159	4.5832 GBP
32 17/19p ordinary	CFD	increasing a long position	11,002	4.5832 GBP
32 17/19p ordinary	CFD	increasing a long position	36,672	4.5832 GBP
32 17/19p ordinary	CFD	increasing a long position	5,790	4.5832 GBP
32 17/19p ordinary	CFD	increasing a long position	9,651	4.5847 GBP
32 17/19p ordinary	CFD	increasing a long position	860,100	4.5861 GBP
32 17/19p ordinary	CFD	increasing a long position	105,025	4.5985 GBP
32 17/19p ordinary	CFD	increasing a long position	2,078	4.6022 GBP
32 17/19p ordinary	CFD	increasing a long position	281	4.6030 GBP
32 17/19p ordinary	CFD	increasing a long position	4,169	4.6051 GBP
32 17/19p ordinary	CFD	increasing a long position	36,301	4.6058 GBP
32 17/19p ordinary	CFD	increasing a long position	548,864	4.6071 GBP
32 17/19p ordinary	CFD	increasing a long position	40,522	4.6073 GBP
32 17/19p ordinary	CFD	increasing a long position	2,088	4.6100 GBP
32 17/19p ordinary	CFD	increasing a long position	92	4.6117 GBP
32 17/19p ordinary	CFD	increasing a long position	923	4.6123 GBP
32 17/19p ordinary	CFD	increasing a long position	35	4.6173 GBP
32 17/19p ordinary	CFD	increasing a long position	38,727	4.6186 GBP
32 17/19p ordinary	CFD	increasing a long position	4,470	4.6228 GBP
32 17/19p ordinary	CFD	increasing a long position	517	4.6240 GBP
32 17/19p ordinary	CFD	increasing a long position	94	4.6241 GBP
32 17/19p ordinary	CFD	increasing a short position	128	4.5539 GBP
32 17/19p ordinary	CFD	increasing a short position	391	4.5540 GBP
32 17/19p ordinary	CFD	increasing a short position	684	4.5675 GBP
32 17/19p ordinary	CFD	increasing a short position	223	4.5675 GBP
32 17/19p ordinary	CFD	increasing a short position	3,630	4.5697 GBP
32 17/19p ordinary	CFD	increasing a short position	8,890	4.5711 GBP
32 17/19p ordinary	CFD	increasing a short position	1,808	4.5732 GBP
32 17/19p ordinary	CFD	increasing a short position	4,182	4.5807 GBP
32 17/19p ordinary	CFD	increasing a short position	17,135	4.5857 GBP
32 17/19p ordinary	CFD	increasing a short position	11,589	4.5881 GBP
32 17/19p ordinary	CFD	increasing a short position	19,069	4.5940 GBP
32 17/19p ordinary	CFD	increasing a short position	477	4.5943 GBP
32 17/19p ordinary	CFD	increasing a short position	31,720	4.5978 GBP
32 17/19p ordinary	CFD	increasing a short position	25,600	4.5993 GBP
32 17/19p ordinary	CFD	increasing a short position	4,200	4.5997 GBP
32 17/19p ordinary	CFD	increasing a short position	658	4.6003 GBP
32 17/19p ordinary	CFD	increasing a short position	5,598	4.6028 GBP
32 17/19p ordinary	CFD	increasing a short position	3,248	4.6045 GBP
32 17/19p ordinary	CFD	increasing a short position	6,438	4.6057 GBP
32 17/19p ordinary	CFD	increasing a short position	740	4.6101 GBP
32 17/19p ordinary	CFD	increasing a short position	53	4.6102 GBP
32 17/19p ordinary	CFD	increasing a short position	2,311	4.6103 GBP
32 17/19p ordinary	CFD	increasing a short position	18,761	4.6103 GBP
32 17/19p ordinary	CFD	increasing a short position	15,842	4.6117 GBP
32 17/19p ordinary	CFD	increasing a short position	11,302	4.6118 GBP
32 17/19p ordinary	CFD	increasing a short position	7,377	4.6121 GBP
32 17/19p ordinary	CFD	increasing a short position	1,579	4.6122 GBP
32 17/19p ordinary	CFD	increasing a short position	125,000	4.6127 GBP
32 17/19p ordinary	CFD	increasing a short position	4,433	4.6140 GBP
32 17/19p ordinary	CFD	increasing a short position	193	4.6151 GBP
32 17/19p ordinary	CFD	increasing a short position	632	4.6151 GBP
32 17/19p ordinary	CFD	increasing a short position	15,782	4.6209 GBP
32 17/19p ordinary	CFD	increasing a short position	111,848	4.6231 GBP
32 17/19p ordinary	CFD	increasing a short position	8,195	4.6232 GBP
32 17/19p ordinary	CFD	increasing a short position	1,085	4.6240 GBP
32 17/19p ordinary	CFD	increasing a short position	91	4.6241 GBP
32 17/19p ordinary	CFD	increasing a short position	1,500	4.6244 GBP
32 17/19p ordinary	CFD	reducing a long position	2,139	4.5971 GBP
32 17/19p ordinary	CFD	reducing a long position	6,247	4.6003 GBP
32 17/19p ordinary	CFD	reducing a long position	39,265	4.6012 GBP
32 17/19p ordinary	CFD	reducing a long position	7,168	4.6021 GBP
32 17/19p ordinary	CFD	reducing a long position	34,987	4.6036 GBP
32 17/19p ordinary	CFD	reducing a long position	482,876	4.6036 GBP
32 17/19p ordinary	CFD	reducing a long position	3,203	4.6036 GBP
32 17/19p ordinary	CFD	reducing a long position	73,205	4.6036 GBP
32 17/19p ordinary	CFD	reducing a long position	5,696	4.6036 GBP
32 17/19p ordinary	CFD	reducing a long position	52,460	4.6036 GBP
32 17/19p ordinary	CFD	reducing a long position	5,117	4.6055 GBP
32 17/19p ordinary	CFD	reducing a long position	2,644	4.6059 GBP
32 17/19p ordinary	CFD	reducing a long position	17,504	4.6093 GBP
32 17/19p ordinary	CFD	reducing a long position	20,654	4.6093 GBP
32 17/19p ordinary	CFD	reducing a long position	7,343	4.6200 GBP
32 17/19p ordinary	CFD	reducing a long position	92	4.6240 GBP
32 17/19p ordinary	CFD	reducing a long position	689,766	4.6240 GBP
32 17/19p ordinary	CFD	reducing a long position	281	4.6240 GBP
32 17/19p ordinary	CFD	reducing a long position	9	4.6240 GBP
32 17/19p ordinary	CFD	reducing a long position	331	4.6240 GBP
32 17/19p ordinary	CFD	reducing a short position	3,630	4.5714 GBP
32 17/19p ordinary	CFD	reducing a short position	4,182	4.5795 GBP
32 17/19p ordinary	CFD	reducing a short position	15,194	4.6009 GBP
32 17/19p ordinary	CFD	reducing a short position	458,720	4.6014 GBP
32 17/19p ordinary	CFD	reducing a short position	8,817	4.6018 GBP
32 17/19p ordinary	CFD	reducing a short position	2,777	4.6030 GBP
32 17/19p ordinary	CFD	reducing a short position	14,855	4.6046 GBP
32 17/19p ordinary	CFD	reducing a short position	115,829	4.6057 GBP
32 17/19p ordinary	CFD	reducing a short position	21,060	4.6067 GBP
32 17/19p ordinary	CFD	reducing a short position	36,225	4.6084 GBP
32 17/19p ordinary	CFD	reducing a short position	11,823	4.6084 GBP
32 17/19p ordinary	CFD	reducing a short position	6,794	4.6094 GBP
32 17/19p ordinary	CFD	reducing a short position	17,348	4.6099 GBP
32 17/19p ordinary	CFD	reducing a short position	18,512	4.6099 GBP
32 17/19p ordinary	CFD	reducing a short position	9,044	4.6117 GBP
32 17/19p ordinary	CFD	reducing a short position	1,972	4.6117 GBP
32 17/19p ordinary	CFD	reducing a short position	15,942	4.6120 GBP
32 17/19p ordinary	CFD	reducing a short position	471	4.6125 GBP
32 17/19p ordinary	CFD	reducing a short position	68,296	4.6130 GBP
32 17/19p ordinary	CFD	reducing a short position	6,967	4.6134 GBP
32 17/19p ordinary	CFD	reducing a short position	82,894	4.6143 GBP
32 17/19p ordinary	CFD	reducing a short position	9,887	4.6174 GBP
32 17/19p ordinary	CFD	reducing a short position	324,523	4.6202 GBP
32 17/19p ordinary	CFD	reducing a short position	6,595	4.6237 GBP
32 17/19p ordinary	CFD	reducing a short position	26,382	4.6238 GBP
32 17/19p ordinary	CFD	reducing a short position	3,950	4.6240 GBP
32 17/19p ordinary	CFD	reducing a short position	27,192	4.6240 GBP
32 17/19p ordinary	CFD	reducing a short position	19,727	4.6240 GBP
32 17/19p ordinary	CFD	reducing a short position	29,449	4.6240 GBP
32 17/19p ordinary	CFD	reducing a short position	4,592	4.6240 GBP
32 17/19p ordinary	CFD	reducing a short position	466	4.6240 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:	24 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