Form 8.5 (EPT/RI)-Direct Line Insurance Group plc

JPMorgan Securities Plc

12 March 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:	J.P. Morgan Securities Plc
(b) Name of offeror/offeree in relation to whose relevant securities this form relates:      Use a separate form for each offeror/offeree	Direct Line Insurance Group plc
(c) Name of the party to the offer with which exempt principal trader is connected:	Financial Adviser to Direct Line Insurance Group plc
(d) Date dealing undertaken:	11 March 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, Ageas SA/NV

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
Ordinary 10 10/11p	Purchase Sale	822,945  712,313	2.2510 GBP  2.2380 GBP	2.2050 GBP  2.2050 GBP

(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
Ordinary 10 10/11p	Equity Swap	Decrease Long Decrease Short Increase Long Increase Short	8,260  2,688  2,333  10,000  474  2  1,512  10,634  3,621  6,103  119,435  13,949  7,566  10,817  27,695  1,352  1,114  900  21,029  75,473  264  61,962  982  3,228  1,561  3,404  11,126  52  54,267  22,422  3,071  28  2  2,532  8,716  9,215  131,500  123,667  21,576  2,050  2,368  19,200  5,606  8,359  16,260  100,000  7,908  19,354  10,527  31,452  67,363  2,027  885	2.2193 GBP 2.2253 GBP 2.2059 GBP 2.2068 GBP 2.2085 GBP 2.2099 GBP 2.2117 GBP 2.2134 GBP 2.2135 GBP 2.2147 GBP 2.2157 GBP 2.2160 GBP 2.2163 GBP 2.2192 GBP 2.2199 GBP 2.2205 GBP 2.2220 GBP 2.2223 GBP 2.2226 GBP 2.2227 GBP 2.2233 GBP 2.2243 GBP 2.2249 GBP 2.2250 GBP 2.2259 GBP 2.2295 GBP 2.2374 GBP 2.2700 GBP 2.2167 GBP 2.2170 GBP 2.2199 GBP 2.2227 GBP 2.2228 GBP 2.2246 GBP 2.2100 GBP 2.2110 GBP 2.2111 GBP 2.2148 GBP 2.2160 GBP 2.2167 GBP 2.2169 GBP 2.2183 GBP 2.2188 GBP 2.2189 GBP 2.2202 GBP 2.2211 GBP 2.2228 GBP 2.2243 GBP 2.2248 GBP 2.2250 GBP 2.2251 GBP 2.2310 GBP 2.2371 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

(ii)        Exercise

Class of relevant security	Product description e.g. call option	Exercising/ exercised against	Number of securities	Exercise price per unit

(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)

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:	12 March 2024
Contact name:	Natasha Mondon
Telephone number:	01202 325175

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