8th May 2025 11:24
AMENDMENT(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: | 06 May 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 | SALES | 2,825,448 | 5.7780 GBP | 5.7020 GBP |
32 17/19p ordinary | PURCHASES | 3,006,397 | 5.7800 GBP | 5.7020 GBP |
32 17/19p ordinary | SALES | 13,251 | 6.8022 EUR | 6.8022 EUR |
32 17/19p ordinary | PURCHASES | 19,656 | 7.7234 USD | 7.7234 USD |
32 17/19p ordinary | SALES | 19,656 | 7.7234 USD | 7.7234 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 | 1,848 | 5.7209 GBP |
32 17/19p ordinary | CFD | increasing a long position | 18,400 | 5.7298 GBP |
32 17/19p ordinary | CFD | increasing a long position | 1,942 | 5.7309 GBP |
32 17/19p ordinary | CFD | increasing a long position | 3,935 | 5.7386 GBP |
32 17/19p ordinary | CFD | increasing a long position | 4,363 | 5.7408 GBP |
32 17/19p ordinary | CFD | increasing a long position | 3,509 | 5.7434 GBP |
32 17/19p ordinary | CFD | increasing a long position | 34,920 | 5.7494 GBP |
32 17/19p ordinary | CFD | increasing a long position | 1,877 | 5.7512 GBP |
32 17/19p ordinary | CFD | increasing a long position | 802 | 5.7518 GBP |
32 17/19p ordinary | CFD | increasing a long position | 6,372 | 5.7528 GBP |
32 17/19p ordinary | CFD | increasing a long position | 8,200 | 5.7544 GBP |
32 17/19p ordinary | CFD | increasing a long position | 8,585 | 5.7544 GBP |
32 17/19p ordinary | CFD | increasing a long position | 16,606 | 5.7555 GBP |
32 17/19p ordinary | CFD | increasing a long position | 1,390 | 5.7560 GBP |
32 17/19p ordinary | CFD | increasing a long position | 1,183 | 5.7567 GBP |
32 17/19p ordinary | CFD | increasing a long position | 19,940 | 5.7596 GBP |
32 17/19p ordinary | CFD | increasing a long position | 58,648 | 5.7650 GBP |
32 17/19p ordinary | CFD | increasing a long position | 672 | 5.7650 GBP |
32 17/19p ordinary | CFD | increasing a long position | 2,142 | 5.7694 GBP |
32 17/19p ordinary | CFD | increasing a long position | 6,559 | 5.7694 GBP |
32 17/19p ordinary | CFD | increasing a long position | 40,393 | 5.7730 GBP |
32 17/19p ordinary | CFD | increasing a long position | 13,251 | 5.7738 GBP |
32 17/19p ordinary | CFD | increasing a long position | 2,483 | 5.7760 GBP |
32 17/19p ordinary | CFD | increasing a long position | 7,769 | 5.7760 GBP |
32 17/19p ordinary | CFD | increasing a long position | 112 | 5.7760 GBP |
32 17/19p ordinary | CFD | increasing a short position | 18,455 | 5.7326 GBP |
32 17/19p ordinary | CFD | increasing a short position | 16,622 | 5.7394 GBP |
32 17/19p ordinary | CFD | increasing a short position | 497 | 5.7438 GBP |
32 17/19p ordinary | CFD | increasing a short position | 8,580 | 5.7471 GBP |
32 17/19p ordinary | CFD | increasing a short position | 2,265 | 5.7506 GBP |
32 17/19p ordinary | CFD | increasing a short position | 498 | 5.7560 GBP |
32 17/19p ordinary | CFD | increasing a short position | 102,867 | 5.7560 GBP |
32 17/19p ordinary | CFD | increasing a short position | 91 | 5.7560 GBP |
32 17/19p ordinary | CFD | increasing a short position | 1,563 | 5.7560 GBP |
32 17/19p ordinary | CFD | increasing a short position | 861 | 5.7576 GBP |
32 17/19p ordinary | CFD | increasing a short position | 13 | 5.7598 GBP |
32 17/19p ordinary | CFD | increasing a short position | 8,551 | 5.7637 GBP |
32 17/19p ordinary | CFD | increasing a short position | 6,335 | 5.7759 GBP |
32 17/19p ordinary | CFD | reducing a long position | 288 | 5.7123 GBP |
32 17/19p ordinary | CFD | reducing a long position | 108 | 5.7160 GBP |
32 17/19p ordinary | CFD | reducing a long position | 206 | 5.7220 GBP |
32 17/19p ordinary | CFD | reducing a long position | 4,787 | 5.7257 GBP |
32 17/19p ordinary | CFD | reducing a long position | 1,173 | 5.7316 GBP |
32 17/19p ordinary | CFD | reducing a long position | 2,288 | 5.7316 GBP |
32 17/19p ordinary | CFD | reducing a long position | 3,935 | 5.7339 GBP |
32 17/19p ordinary | CFD | reducing a long position | 31 | 5.7388 GBP |
32 17/19p ordinary | CFD | reducing a long position | 3,509 | 5.7416 GBP |
32 17/19p ordinary | CFD | reducing a long position | 353 | 5.7458 GBP |
32 17/19p ordinary | CFD | reducing a long position | 27,427 | 5.7471 GBP |
32 17/19p ordinary | CFD | reducing a long position | 10,315 | 5.7478 GBP |
32 17/19p ordinary | CFD | reducing a long position | 31,588 | 5.7478 GBP |
32 17/19p ordinary | CFD | reducing a long position | 5,400 | 5.7520 GBP |
32 17/19p ordinary | CFD | reducing a long position | 952 | 5.7566 GBP |
32 17/19p ordinary | CFD | reducing a long position | 4,871 | 5.7566 GBP |
32 17/19p ordinary | CFD | reducing a long position | 3,904 | 5.7566 GBP |
32 17/19p ordinary | CFD | reducing a long position | 39 | 5.7575 GBP |
32 17/19p ordinary | CFD | reducing a long position | 479,975 | 5.7598 GBP |
32 17/19p ordinary | CFD | reducing a long position | 416 | 5.7613 GBP |
32 17/19p ordinary | CFD | reducing a long position | 2,176 | 5.7672 GBP |
32 17/19p ordinary | CFD | reducing a long position | 22,687 | 5.7760 GBP |
32 17/19p ordinary | CFD | reducing a long position | 539 | 5.7760 GBP |
32 17/19p ordinary | CFD | reducing a long position | 58,648 | 5.7760 GBP |
32 17/19p ordinary | CFD | reducing a long position | 1 | 5.7760 GBP |
32 17/19p ordinary | CFD | reducing a long position | 6,309 | 5.7760 GBP |
32 17/19p ordinary | CFD | reducing a long position | 1,664 | 5.7761 GBP |
32 17/19p ordinary | CFD | reducing a short position | 4,300 | 5.7037 GBP |
32 17/19p ordinary | CFD | reducing a short position | 5,651 | 5.7260 GBP |
32 17/19p ordinary | CFD | reducing a short position | 500 | 5.7280 GBP |
32 17/19p ordinary | CFD | reducing a short position | 49 | 5.7331 GBP |
32 17/19p ordinary | CFD | reducing a short position | 421 | 5.7331 GBP |
32 17/19p ordinary | CFD | reducing a short position | 2 | 5.7350 GBP |
32 17/19p ordinary | CFD | reducing a short position | 8 | 5.7363 GBP |
32 17/19p ordinary | CFD | reducing a short position | 549 | 5.7419 GBP |
32 17/19p ordinary | CFD | reducing a short position | 4,677 | 5.7419 GBP |
32 17/19p ordinary | CFD | reducing a short position | 4,522 | 5.7462 GBP |
32 17/19p ordinary | CFD | reducing a short position | 8,580 | 5.7494 GBP |
32 17/19p ordinary | CFD | reducing a short position | 1,660 | 5.7512 GBP |
32 17/19p ordinary | CFD | reducing a short position | 9,333 | 5.7549 GBP |
32 17/19p ordinary | CFD | reducing a short position | 2,475 | 5.7571 GBP |
32 17/19p ordinary | CFD | reducing a short position | 1,689 | 5.7571 GBP |
32 17/19p ordinary | CFD | reducing a short position | 284 | 5.7571 GBP |
32 17/19p ordinary | CFD | reducing a short position | 2,120 | 5.7626 GBP |
32 17/19p ordinary | CFD | reducing a short position | 13,393 | 5.7628 GBP |
32 17/19p ordinary | CFD | reducing a short position | 320 | 5.7645 GBP |
32 17/19p ordinary | CFD | reducing a short position | 14 | 5.7700 GBP |
32 17/19p ordinary | CFD | reducing a short position | 16,362 | 5.7709 GBP |
32 17/19p ordinary | CFD | reducing a short position | 97,490 | 5.7729 GBP |
32 17/19p ordinary | CFD | reducing a short position | 1,188 | 5.7760 GBP |
32 17/19p ordinary | CFD | reducing a short position | 150 | 5.7760 GBP |
32 17/19p ordinary | CFD | reducing a short position | 13,296 | 5.7760 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: | 08 May 2025 |
| Contact name: | Craig Horsley |
| Telephone number: | +44 141 245-7736 |
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 +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
Related Shares:
Aviva