25th Feb 2025 15:10
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: | 21 February 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 | 1,813,729 | 4.9900 GBP | 4.9538 GBP |
32 17/19p ordinary | SALES | 2,550,778 | 4.9960 GBP | 4.9537 GBP |
32 17/19p ordinary | SALES | 4,316 | 6.0171 EUR | 6.0171 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 | 1,736 | 4.9614 GBP |
32 17/19p ordinary | CFD | increasing a long position | 286,700 | 4.9670 GBP |
32 17/19p ordinary | CFD | increasing a long position | 32,955 | 4.9806 GBP |
32 17/19p ordinary | CFD | increasing a long position | 145,000 | 4.9807 GBP |
32 17/19p ordinary | CFD | increasing a long position | 8,846 | 4.9818 GBP |
32 17/19p ordinary | CFD | increasing a long position | 2,199 | 4.9830 GBP |
32 17/19p ordinary | CFD | increasing a long position | 33,751 | 4.9830 GBP |
32 17/19p ordinary | CFD | increasing a long position | 126,750 | 4.9842 GBP |
32 17/19p ordinary | CFD | increasing a long position | 87,744 | 4.9859 GBP |
32 17/19p ordinary | CFD | increasing a long position | 1,374 | 4.9862 GBP |
32 17/19p ordinary | CFD | increasing a short position | 140 | 4.9580 GBP |
32 17/19p ordinary | CFD | increasing a short position | 129 | 4.9580 GBP |
32 17/19p ordinary | CFD | increasing a short position | 466 | 4.9580 GBP |
32 17/19p ordinary | CFD | increasing a short position | 4,132 | 4.9580 GBP |
32 17/19p ordinary | CFD | increasing a short position | 8,360 | 4.9690 GBP |
32 17/19p ordinary | CFD | increasing a short position | 5,911 | 4.9706 GBP |
32 17/19p ordinary | CFD | increasing a short position | 977 | 4.9721 GBP |
32 17/19p ordinary | CFD | increasing a short position | 8,155 | 4.9726 GBP |
32 17/19p ordinary | CFD | increasing a short position | 16 | 4.9741 GBP |
32 17/19p ordinary | CFD | increasing a short position | 26,058 | 4.9748 GBP |
32 17/19p ordinary | CFD | increasing a short position | 83,920 | 4.9768 GBP |
32 17/19p ordinary | CFD | increasing a short position | 2,272 | 4.9771 GBP |
32 17/19p ordinary | CFD | increasing a short position | 12,166 | 4.9780 GBP |
32 17/19p ordinary | CFD | increasing a short position | 63,034 | 4.9809 GBP |
32 17/19p ordinary | CFD | increasing a short position | 20,877 | 4.9816 GBP |
32 17/19p ordinary | CFD | increasing a short position | 2,454 | 4.9816 GBP |
32 17/19p ordinary | CFD | increasing a short position | 9,201 | 4.9826 GBP |
32 17/19p ordinary | CFD | increasing a short position | 98 | 4.9827 GBP |
32 17/19p ordinary | CFD | increasing a short position | 87,535 | 4.9829 GBP |
32 17/19p ordinary | CFD | increasing a short position | 3,387 | 4.9836 GBP |
32 17/19p ordinary | CFD | increasing a short position | 5,598 | 4.9850 GBP |
32 17/19p ordinary | CFD | increasing a short position | 245 | 4.9860 GBP |
32 17/19p ordinary | CFD | increasing a short position | 1,670 | 4.9860 GBP |
32 17/19p ordinary | CFD | increasing a short position | 570 | 4.9860 GBP |
32 17/19p ordinary | CFD | increasing a short position | 16,588 | 4.9860 GBP |
32 17/19p ordinary | CFD | increasing a short position | 28,287 | 4.9860 GBP |
32 17/19p ordinary | CFD | increasing a short position | 494 | 4.9860 GBP |
32 17/19p ordinary | CFD | increasing a short position | 1,795 | 4.9860 GBP |
32 17/19p ordinary | CFD | increasing a short position | 4,390 | 4.9864 GBP |
32 17/19p ordinary | CFD | increasing a short position | 41,600 | 4.9887 GBP |
32 17/19p ordinary | CFD | reducing a long position | 1,736 | 4.9597 GBP |
32 17/19p ordinary | CFD | reducing a long position | 26,660 | 4.9675 GBP |
32 17/19p ordinary | CFD | reducing a long position | 33,751 | 4.9722 GBP |
32 17/19p ordinary | CFD | reducing a long position | 15,052 | 4.9738 GBP |
32 17/19p ordinary | CFD | reducing a long position | 1,677 | 4.9741 GBP |
32 17/19p ordinary | CFD | reducing a long position | 4,767 | 4.9761 GBP |
32 17/19p ordinary | CFD | reducing a long position | 589 | 4.9771 GBP |
32 17/19p ordinary | CFD | reducing a long position | 1,228 | 4.9771 GBP |
32 17/19p ordinary | CFD | reducing a long position | 1,877 | 4.9771 GBP |
32 17/19p ordinary | CFD | reducing a long position | 13,632 | 4.9771 GBP |
32 17/19p ordinary | CFD | reducing a long position | 3,659 | 4.9771 GBP |
32 17/19p ordinary | CFD | reducing a long position | 44,355 | 4.9798 GBP |
32 17/19p ordinary | CFD | reducing a long position | 7,595 | 4.9826 GBP |
32 17/19p ordinary | CFD | reducing a long position | 55,160 | 4.9826 GBP |
32 17/19p ordinary | CFD | reducing a long position | 14,808 | 4.9826 GBP |
32 17/19p ordinary | CFD | reducing a long position | 4,973 | 4.9826 GBP |
32 17/19p ordinary | CFD | reducing a long position | 2,386 | 4.9826 GBP |
32 17/19p ordinary | CFD | reducing a long position | 3,624 | 4.9864 GBP |
32 17/19p ordinary | CFD | reducing a long position | 2,373 | 4.9864 GBP |
32 17/19p ordinary | CFD | reducing a long position | 1,139 | 4.9864 GBP |
32 17/19p ordinary | CFD | reducing a long position | 26,313 | 4.9864 GBP |
32 17/19p ordinary | CFD | reducing a long position | 7,065 | 4.9864 GBP |
32 17/19p ordinary | CFD | reducing a short position | 668 | 4.9737 GBP |
32 17/19p ordinary | CFD | reducing a short position | 4,909 | 4.9740 GBP |
32 17/19p ordinary | CFD | reducing a short position | 4,148 | 4.9741 GBP |
32 17/19p ordinary | CFD | reducing a short position | 1,361 | 4.9741 GBP |
32 17/19p ordinary | CFD | reducing a short position | 4,316 | 4.9744 GBP |
32 17/19p ordinary | CFD | reducing a short position | 8,813 | 4.9774 GBP |
32 17/19p ordinary | CFD | reducing a short position | 368,025 | 4.9807 GBP |
32 17/19p ordinary | CFD | reducing a short position | 3,022 | 4.9811 GBP |
32 17/19p ordinary | CFD | reducing a short position | 5,898 | 4.9813 GBP |
32 17/19p ordinary | CFD | reducing a short position | 1,572 | 4.9814 GBP |
32 17/19p ordinary | CFD | reducing a short position | 49,442 | 4.9825 GBP |
32 17/19p ordinary | CFD | reducing a short position | 23,467 | 4.9839 GBP |
32 17/19p ordinary | CFD | reducing a short position | 11,094 | 4.9839 GBP |
32 17/19p ordinary | CFD | reducing a short position | 63,034 | 4.9859 GBP |
32 17/19p ordinary | CFD | reducing a short position | 4,737 | 4.9860 GBP |
32 17/19p ordinary | CFD | reducing a short position | 47 | 4.9860 GBP |
32 17/19p ordinary | CFD | reducing a short position | 11,814 | 4.9860 GBP |
32 17/19p ordinary | CFD | reducing a short position | 5,892 | 4.9877 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: | 25 February 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.