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

JPMorgan Securities Plc

20 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:	19 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	1,119,133 2,051,502	2.1175 GBP 2.1170 GBP	2.0755 GBP 2.0769 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 Opening a Long Position Opening a Short Position	2,414 6,722 8 2,037 7,292 600,000 2,327 316 4,699 32,817 2,653 946 4,294 16,237 7,437 2,256 20,318 300,000 81,044 2,516 32,116 43,761 22,716 29,376 6,277 22,200 24,183 26,648 8,068 106 732 179 1,342 2,497 7,003 983 920 68,767 2,000 1,029 12,101 1,388 6,372 4,453 10,309 44,039	2.0804 GBP 2.0821 GBP 2.1025 GBP 2.0790 GBP 2.0792 GBP 2.0800 GBP 2.0830 GBP 2.0840 GBP 2.0845 GBP 2.0855 GBP 2.0870 GBP 2.0875 GBP 2.0890 GBP 2.0905 GBP 2.0930 GBP 2.0973 GBP 2.1121 GBP 2.1155 GBP 2.1170 GBP 2.1166 GBP 2.1170 GBP 2.0757 GBP 2.0766 GBP 2.0826 GBP 2.0854 GBP 2.0866 GBP 2.0880 GBP 2.0905 GBP 2.0979 GBP 2.1016 GBP 2.1113 GBP 2.0784 GBP 2.0811 GBP 2.0835 GBP 2.0893 GBP 2.1139 GBP 2.1149 GBP 2.1169 GBP 2.0775 GBP 2.0800 GBP 2.0808 GBP 2.0811 GBP 2.0818 GBP 2.0826 GBP 2.0875 GBP 2.1170 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:	20 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