20th Mar 2025 12:29
AMENDMENT(2(a))
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: | 18 March 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 | 2,511,089 | 5.6050 GBP | 5.5660 GBP |
32 17/19p ordinary | SALES | 4,091,552 | 5.6050 GBP | 5.5640 GBP |
32 17/19p ordinary | SALES | 37,856 | 6.6563 EUR | 6.6563 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 | 47,034 | 5.5663 GBP |
32 17/19p ordinary | CFD | increasing a long position | 7,311 | 5.5694 GBP |
32 17/19p ordinary | CFD | increasing a long position | 968 | 5.5694 GBP |
32 17/19p ordinary | CFD | increasing a long position | 1,586 | 5.5694 GBP |
32 17/19p ordinary | CFD | increasing a long position | 3,178 | 5.5694 GBP |
32 17/19p ordinary | CFD | increasing a long position | 3,033 | 5.5780 GBP |
32 17/19p ordinary | CFD | increasing a long position | 12,395 | 5.5795 GBP |
32 17/19p ordinary | CFD | increasing a long position | 225,050 | 5.5854 GBP |
32 17/19p ordinary | CFD | increasing a long position | 8,376 | 5.5861 GBP |
32 17/19p ordinary | CFD | increasing a long position | 42,116 | 5.5872 GBP |
32 17/19p ordinary | CFD | increasing a long position | 75,071 | 5.5876 GBP |
32 17/19p ordinary | CFD | increasing a long position | 3,244 | 5.5881 GBP |
32 17/19p ordinary | CFD | increasing a long position | 49 | 5.5881 GBP |
32 17/19p ordinary | CFD | increasing a long position | 42,855 | 5.5889 GBP |
32 17/19p ordinary | CFD | increasing a long position | 33,877 | 5.5893 GBP |
32 17/19p ordinary | CFD | increasing a long position | 2,283 | 5.5926 GBP |
32 17/19p ordinary | CFD | increasing a long position | 16,325 | 5.5937 GBP |
32 17/19p ordinary | CFD | increasing a long position | 6,719 | 5.5977 GBP |
32 17/19p ordinary | CFD | increasing a long position | 736 | 5.6020 GBP |
32 17/19p ordinary | CFD | increasing a long position | 1,288 | 5.6040 GBP |
32 17/19p ordinary | CFD | increasing a long position | 112,975 | 5.6040 GBP |
32 17/19p ordinary | CFD | increasing a long position | 6,459 | 5.6040 GBP |
32 17/19p ordinary | CFD | increasing a long position | 271 | 5.6040 GBP |
32 17/19p ordinary | CFD | increasing a long position | 2,666 | 5.6040 GBP |
32 17/19p ordinary | CFD | increasing a long position | 6,459 | 5.6040 GBP |
32 17/19p ordinary | CFD | increasing a short position | 9 | 5.5712 GBP |
32 17/19p ordinary | CFD | increasing a short position | 4,416 | 5.5737 GBP |
32 17/19p ordinary | CFD | increasing a short position | 1,374 | 5.5747 GBP |
32 17/19p ordinary | CFD | increasing a short position | 860 | 5.5780 GBP |
32 17/19p ordinary | CFD | increasing a short position | 282 | 5.5780 GBP |
32 17/19p ordinary | CFD | increasing a short position | 855 | 5.5780 GBP |
32 17/19p ordinary | CFD | increasing a short position | 2,034 | 5.5782 GBP |
32 17/19p ordinary | CFD | increasing a short position | 4,049 | 5.5838 GBP |
32 17/19p ordinary | CFD | increasing a short position | 62,805 | 5.5855 GBP |
32 17/19p ordinary | CFD | increasing a short position | 4 | 5.5857 GBP |
32 17/19p ordinary | CFD | increasing a short position | 94,267 | 5.5888 GBP |
32 17/19p ordinary | CFD | increasing a short position | 365 | 5.5900 GBP |
32 17/19p ordinary | CFD | increasing a short position | 3,641 | 5.5963 GBP |
32 17/19p ordinary | CFD | increasing a short position | 4,819 | 5.6018 GBP |
32 17/19p ordinary | CFD | increasing a short position | 20 | 5.6040 GBP |
32 17/19p ordinary | CFD | increasing a short position | 1,696 | 5.6041 GBP |
32 17/19p ordinary | CFD | reducing a long position | 1,940 | 5.5760 GBP |
32 17/19p ordinary | CFD | reducing a long position | 1,447 | 5.5804 GBP |
32 17/19p ordinary | CFD | reducing a long position | 119 | 5.5848 GBP |
32 17/19p ordinary | CFD | reducing a long position | 32,324 | 5.5851 GBP |
32 17/19p ordinary | CFD | reducing a long position | 8,233 | 5.5855 GBP |
32 17/19p ordinary | CFD | reducing a long position | 178 | 5.5920 GBP |
32 17/19p ordinary | CFD | reducing a long position | 28,670 | 5.5938 GBP |
32 17/19p ordinary | CFD | reducing a long position | 37,375 | 5.6017 GBP |
32 17/19p ordinary | CFD | reducing a long position | 28 | 5.6022 GBP |
32 17/19p ordinary | CFD | reducing a long position | 16,018 | 5.6024 GBP |
32 17/19p ordinary | CFD | reducing a long position | 13,257 | 5.6040 GBP |
32 17/19p ordinary | CFD | reducing a long position | 626 | 5.6040 GBP |
32 17/19p ordinary | CFD | reducing a long position | 1,288 | 5.6040 GBP |
32 17/19p ordinary | CFD | reducing a short position | 34 | 5.5724 GBP |
32 17/19p ordinary | CFD | reducing a short position | 15,545 | 5.5736 GBP |
32 17/19p ordinary | CFD | reducing a short position | 1,669 | 5.5770 GBP |
32 17/19p ordinary | CFD | reducing a short position | 6,015 | 5.5783 GBP |
32 17/19p ordinary | CFD | reducing a short position | 13,200 | 5.5790 GBP |
32 17/19p ordinary | CFD | reducing a short position | 621 | 5.5794 GBP |
32 17/19p ordinary | CFD | reducing a short position | 135 | 5.5794 GBP |
32 17/19p ordinary | CFD | reducing a short position | 153 | 5.5794 GBP |
32 17/19p ordinary | CFD | reducing a short position | 4,049 | 5.5820 GBP |
32 17/19p ordinary | CFD | reducing a short position | 29,090 | 5.5821 GBP |
32 17/19p ordinary | CFD | reducing a short position | 9,573 | 5.5821 GBP |
32 17/19p ordinary | CFD | reducing a short position | 779 | 5.5828 GBP |
32 17/19p ordinary | CFD | reducing a short position | 55,660 | 5.5832 GBP |
32 17/19p ordinary | CFD | reducing a short position | 9,682 | 5.5832 GBP |
32 17/19p ordinary | CFD | reducing a short position | 9,911 | 5.5832 GBP |
32 17/19p ordinary | CFD | reducing a short position | 8,236 | 5.5832 GBP |
32 17/19p ordinary | CFD | reducing a short position | 9,161 | 5.5832 GBP |
32 17/19p ordinary | CFD | reducing a short position | 10,280 | 5.5832 GBP |
32 17/19p ordinary | CFD | reducing a short position | 8,849 | 5.5832 GBP |
32 17/19p ordinary | CFD | reducing a short position | 2,426 | 5.5832 GBP |
32 17/19p ordinary | CFD | reducing a short position | 11,079 | 5.5832 GBP |
32 17/19p ordinary | CFD | reducing a short position | 41 | 5.5834 GBP |
32 17/19p ordinary | CFD | reducing a short position | 10,163 | 5.5841 GBP |
32 17/19p ordinary | CFD | reducing a short position | 97 | 5.5859 GBP |
32 17/19p ordinary | CFD | reducing a short position | 87,425 | 5.5859 GBP |
32 17/19p ordinary | CFD | reducing a short position | 860 | 5.5872 GBP |
32 17/19p ordinary | CFD | reducing a short position | 329 | 5.5876 GBP |
32 17/19p ordinary | CFD | reducing a short position | 38 | 5.5876 GBP |
32 17/19p ordinary | CFD | reducing a short position | 53 | 5.5881 GBP |
32 17/19p ordinary | CFD | reducing a short position | 6,160 | 5.5895 GBP |
32 17/19p ordinary | CFD | reducing a short position | 110 | 5.5895 GBP |
32 17/19p ordinary | CFD | reducing a short position | 7,400 | 5.5903 GBP |
32 17/19p ordinary | CFD | reducing a short position | 236,500 | 5.5903 GBP |
32 17/19p ordinary | CFD | reducing a short position | 1,400 | 5.5903 GBP |
32 17/19p ordinary | CFD | reducing a short position | 79,900 | 5.5903 GBP |
32 17/19p ordinary | CFD | reducing a short position | 700 | 5.5903 GBP |
32 17/19p ordinary | CFD | reducing a short position | 68,600 | 5.5903 GBP |
32 17/19p ordinary | CFD | reducing a short position | 33,600 | 5.5903 GBP |
32 17/19p ordinary | CFD | reducing a short position | 12,449 | 5.5935 GBP |
32 17/19p ordinary | CFD | reducing a short position | 80,834 | 5.5948 GBP |
32 17/19p ordinary | CFD | reducing a short position | 27,619 | 5.5951 GBP |
32 17/19p ordinary | CFD | reducing a short position | 16,827 | 5.5974 GBP |
32 17/19p ordinary | CFD | reducing a short position | 19,526 | 5.5975 GBP |
32 17/19p ordinary | CFD | reducing a short position | 455 | 5.5993 GBP |
32 17/19p ordinary | CFD | reducing a short position | 37,856 | 5.6025 GBP |
32 17/19p ordinary | CFD | reducing a short position | 400 | 5.6029 GBP |
32 17/19p ordinary | CFD | reducing a short position | 1,985 | 5.6029 GBP |
32 17/19p ordinary | CFD | reducing a short position | 60,858 | 5.6039 GBP |
32 17/19p ordinary | CFD | reducing a short position | 26,075 | 5.6040 GBP |
32 17/19p ordinary | CFD | reducing a short position | 282 | 5.6040 GBP |
32 17/19p ordinary | CFD | reducing a short position | 33,567 | 5.6040 GBP |
32 17/19p ordinary | CFD | reducing a short position | 62,805 | 5.6040 GBP |
32 17/19p ordinary | CFD | reducing a short position | 814 | 5.6040 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: | 20 March 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