Form 8.5 (EPT/RI)-Replacement of Aviva plc

Morgan Stanley & Co. Int'l plc

23 January 2025

 

AMENDMENT(2(a), 2(b))

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:	20 January 2025
(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	2,731,562	4.9610 GBP	4.9305 GBP
32 17/19p ordinary	SALES	2,563,707	4.9610 GBP	4.9156 GBP
32 17/19p ordinary	PURCHASES	51,279	5.8447 EUR	5.8447 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	113,935	4.9155 GBP
32 17/19p ordinary	CFD	increasing a long position	28,670	4.9156 GBP
32 17/19p ordinary	CFD	increasing a long position	145,000	4.9371 GBP
32 17/19p ordinary	CFD	increasing a long position	28,046	4.9410 GBP
32 17/19p ordinary	CFD	increasing a long position	1,087	4.9420 GBP
32 17/19p ordinary	CFD	increasing a long position	4,872	4.9420 GBP
32 17/19p ordinary	CFD	increasing a long position	11,329	4.9420 GBP
32 17/19p ordinary	CFD	increasing a long position	1,359	4.9420 GBP
32 17/19p ordinary	CFD	increasing a long position	4,849	4.9420 GBP
32 17/19p ordinary	CFD	increasing a long position	9,358	4.9420 GBP
32 17/19p ordinary	CFD	increasing a long position	6,979	4.9420 GBP
32 17/19p ordinary	CFD	increasing a long position	4,865	4.9426 GBP
32 17/19p ordinary	CFD	increasing a long position	2,040	4.9430 GBP
32 17/19p ordinary	CFD	increasing a long position	5,978	4.9431 GBP
32 17/19p ordinary	CFD	increasing a long position	4,372	4.9433 GBP
32 17/19p ordinary	CFD	increasing a long position	43,670	4.9470 GBP
32 17/19p ordinary	CFD	increasing a long position	71,752	4.9470 GBP
32 17/19p ordinary	CFD	increasing a long position	6,886	4.9470 GBP
32 17/19p ordinary	CFD	increasing a long position	30,709	4.9470 GBP
32 17/19p ordinary	CFD	increasing a long position	8,611	4.9470 GBP
32 17/19p ordinary	CFD	increasing a long position	30,853	4.9470 GBP
32 17/19p ordinary	CFD	increasing a long position	32,568	4.9470 GBP
32 17/19p ordinary	CFD	increasing a long position	1,170	4.9479 GBP
32 17/19p ordinary	CFD	increasing a long position	3,557	4.9483 GBP
32 17/19p ordinary	CFD	increasing a long position	199	4.9490 GBP
32 17/19p ordinary	CFD	increasing a long position	8,081	4.9491 GBP
32 17/19p ordinary	CFD	increasing a long position	15,596	4.9491 GBP
32 17/19p ordinary	CFD	increasing a long position	11,631	4.9491 GBP
32 17/19p ordinary	CFD	increasing a long position	8,119	4.9491 GBP
32 17/19p ordinary	CFD	increasing a long position	6,992	4.9504 GBP
32 17/19p ordinary	CFD	increasing a long position	24,590	4.9508 GBP
32 17/19p ordinary	CFD	increasing a long position	187	4.9517 GBP
32 17/19p ordinary	CFD	increasing a long position	2,266	4.9520 GBP
32 17/19p ordinary	CFD	increasing a long position	18,882	4.9520 GBP
32 17/19p ordinary	CFD	increasing a long position	1,813	4.9520 GBP
32 17/19p ordinary	CFD	increasing a long position	27,227	4.9520 GBP
32 17/19p ordinary	CFD	increasing a short position	3,528	4.9370 GBP
32 17/19p ordinary	CFD	increasing a short position	1,532	4.9403 GBP
32 17/19p ordinary	CFD	increasing a short position	35,900	4.9404 GBP
32 17/19p ordinary	CFD	increasing a short position	6,100	4.9404 GBP
32 17/19p ordinary	CFD	increasing a short position	111,098	4.9404 GBP
32 17/19p ordinary	CFD	increasing a short position	61,353	4.9420 GBP
32 17/19p ordinary	CFD	increasing a short position	454	4.9420 GBP
32 17/19p ordinary	CFD	increasing a short position	77,823	4.9420 GBP
32 17/19p ordinary	CFD	increasing a short position	15,519	4.9421 GBP
32 17/19p ordinary	CFD	increasing a short position	781	4.9436 GBP
32 17/19p ordinary	CFD	increasing a short position	6,549	4.9436 GBP
32 17/19p ordinary	CFD	increasing a short position	701	4.9439 GBP
32 17/19p ordinary	CFD	increasing a short position	62,320	4.9442 GBP
32 17/19p ordinary	CFD	increasing a short position	38,303	4.9444 GBP
32 17/19p ordinary	CFD	increasing a short position	45,870	4.9450 GBP
32 17/19p ordinary	CFD	increasing a short position	180	4.9451 GBP
32 17/19p ordinary	CFD	increasing a short position	3,016	4.9463 GBP
32 17/19p ordinary	CFD	increasing a short position	48,465	4.9476 GBP
32 17/19p ordinary	CFD	increasing a short position	52,400	4.9476 GBP
32 17/19p ordinary	CFD	increasing a short position	114,951	4.9476 GBP
32 17/19p ordinary	CFD	increasing a short position	182,221	4.9476 GBP
32 17/19p ordinary	CFD	increasing a short position	2,875	4.9486 GBP
32 17/19p ordinary	CFD	increasing a short position	118	4.9540 GBP
32 17/19p ordinary	CFD	reducing a long position	1,792	4.9370 GBP
32 17/19p ordinary	CFD	reducing a long position	71	4.9376 GBP
32 17/19p ordinary	CFD	reducing a long position	1,463	4.9382 GBP
32 17/19p ordinary	CFD	reducing a long position	31,623	4.9404 GBP
32 17/19p ordinary	CFD	reducing a long position	28,642	4.9418 GBP
32 17/19p ordinary	CFD	reducing a long position	8,531	4.9420 GBP
32 17/19p ordinary	CFD	reducing a long position	85,959	4.9420 GBP
32 17/19p ordinary	CFD	reducing a long position	199	4.9420 GBP
32 17/19p ordinary	CFD	reducing a long position	712	4.9420 GBP
32 17/19p ordinary	CFD	reducing a long position	12,910	4.9420 GBP
32 17/19p ordinary	CFD	reducing a long position	1,765	4.9420 GBP
32 17/19p ordinary	CFD	reducing a long position	9,481	4.9420 GBP
32 17/19p ordinary	CFD	reducing a long position	1,173	4.9420 GBP
32 17/19p ordinary	CFD	reducing a long position	51,279	4.9422 GBP
32 17/19p ordinary	CFD	reducing a long position	23,814	4.9427 GBP
32 17/19p ordinary	CFD	reducing a long position	3,152	4.9429 GBP
32 17/19p ordinary	CFD	reducing a long position	9,642	4.9429 GBP
32 17/19p ordinary	CFD	reducing a long position	5,166	4.9430 GBP
32 17/19p ordinary	CFD	reducing a long position	1,296	4.9439 GBP
32 17/19p ordinary	CFD	reducing a long position	2,376	4.9441 GBP
32 17/19p ordinary	CFD	reducing a long position	35,656	4.9445 GBP
32 17/19p ordinary	CFD	reducing a long position	62	4.9457 GBP
32 17/19p ordinary	CFD	reducing a long position	5,978	4.9464 GBP
32 17/19p ordinary	CFD	reducing a long position	41,146	4.9476 GBP
32 17/19p ordinary	CFD	reducing a long position	979	4.9476 GBP
32 17/19p ordinary	CFD	reducing a long position	2,311	4.9476 GBP
32 17/19p ordinary	CFD	reducing a long position	3,653	4.9476 GBP
32 17/19p ordinary	CFD	reducing a long position	232	4.9490 GBP
32 17/19p ordinary	CFD	reducing a long position	3,514	4.9490 GBP
32 17/19p ordinary	CFD	reducing a long position	76	4.9490 GBP
32 17/19p ordinary	CFD	reducing a long position	187	4.9534 GBP
32 17/19p ordinary	CFD	reducing a short position	64,362	4.9420 GBP
32 17/19p ordinary	CFD	reducing a short position	2,711	4.9420 GBP
32 17/19p ordinary	CFD	reducing a short position	2,468	4.9423 GBP
32 17/19p ordinary	CFD	reducing a short position	291,790	4.9435 GBP
32 17/19p ordinary	CFD	reducing a short position	234,300	4.9441 GBP
32 17/19p ordinary	CFD	reducing a short position	4,764	4.9449 GBP
32 17/19p ordinary	CFD	reducing a short position	1,941	4.9463 GBP
32 17/19p ordinary	CFD	reducing a short position	1,491	4.9466 GBP
32 17/19p ordinary	CFD	reducing a short position	32,767	4.9471 GBP
32 17/19p ordinary	CFD	reducing a short position	22	4.9474 GBP
32 17/19p ordinary	CFD	reducing a short position	86,967	4.9491 GBP
32 17/19p ordinary	CFD	reducing a short position	2,513	4.9494 GBP
32 17/19p ordinary	CFD	reducing a short position	19,047	4.9521 GBP
32 17/19p ordinary	CFD	reducing a short position	7	4.9550 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:	23 January 2025
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