28th Feb 2025 14:38
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: | 26 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 | 4,138,018 | 5.2720 GBP | 5.0880 GBP |
32 17/19p ordinary | SALES | 4,829,452 | 5.2720 GBP | 4.3990 GBP |
32 17/19p ordinary | SALES | 175,932 | 6.3408 EUR | 6.3408 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 | 5,237 | 5.0890 GBP |
32 17/19p ordinary | CFD | increasing a long position | 26,473 | 5.1486 GBP |
32 17/19p ordinary | CFD | increasing a long position | 559 | 5.1699 GBP |
32 17/19p ordinary | CFD | increasing a long position | 80,000 | 5.1890 GBP |
32 17/19p ordinary | CFD | increasing a long position | 138,700 | 5.1890 GBP |
32 17/19p ordinary | CFD | increasing a long position | 4,519 | 5.1890 GBP |
32 17/19p ordinary | CFD | increasing a long position | 721,794 | 5.1890 GBP |
32 17/19p ordinary | CFD | increasing a long position | 9,500 | 5.1890 GBP |
32 17/19p ordinary | CFD | increasing a long position | 110,600 | 5.1890 GBP |
32 17/19p ordinary | CFD | increasing a long position | 38,397 | 5.2002 GBP |
32 17/19p ordinary | CFD | increasing a long position | 10,001 | 5.2006 GBP |
32 17/19p ordinary | CFD | increasing a long position | 33,229 | 5.2472 GBP |
32 17/19p ordinary | CFD | increasing a long position | 1,195 | 5.2480 GBP |
32 17/19p ordinary | CFD | increasing a long position | 31,555 | 5.2484 GBP |
32 17/19p ordinary | CFD | increasing a short position | 682 | 5.0880 GBP |
32 17/19p ordinary | CFD | increasing a short position | 224 | 5.0880 GBP |
32 17/19p ordinary | CFD | increasing a short position | 59,550 | 5.1356 GBP |
32 17/19p ordinary | CFD | increasing a short position | 468 | 5.1742 GBP |
32 17/19p ordinary | CFD | increasing a short position | 17,400 | 5.1764 GBP |
32 17/19p ordinary | CFD | increasing a short position | 9,600 | 5.1764 GBP |
32 17/19p ordinary | CFD | increasing a short position | 55 | 5.1974 GBP |
32 17/19p ordinary | CFD | increasing a short position | 7,983 | 5.2044 GBP |
32 17/19p ordinary | CFD | increasing a short position | 2,526 | 5.2073 GBP |
32 17/19p ordinary | CFD | increasing a short position | 612 | 5.2102 GBP |
32 17/19p ordinary | CFD | increasing a short position | 8 | 5.2125 GBP |
32 17/19p ordinary | CFD | increasing a short position | 137 | 5.2179 GBP |
32 17/19p ordinary | CFD | increasing a short position | 37,318 | 5.2189 GBP |
32 17/19p ordinary | CFD | increasing a short position | 4,387 | 5.2189 GBP |
32 17/19p ordinary | CFD | increasing a short position | 800 | 5.2200 GBP |
32 17/19p ordinary | CFD | increasing a short position | 76 | 5.2200 GBP |
32 17/19p ordinary | CFD | increasing a short position | 563 | 5.2232 GBP |
32 17/19p ordinary | CFD | increasing a short position | 305 | 5.2285 GBP |
32 17/19p ordinary | CFD | increasing a short position | 739 | 5.2285 GBP |
32 17/19p ordinary | CFD | increasing a short position | 361 | 5.2285 GBP |
32 17/19p ordinary | CFD | increasing a short position | 3,230 | 5.2306 GBP |
32 17/19p ordinary | CFD | increasing a short position | 3,215 | 5.2306 GBP |
32 17/19p ordinary | CFD | increasing a short position | 2,763 | 5.2306 GBP |
32 17/19p ordinary | CFD | increasing a short position | 2,336 | 5.2306 GBP |
32 17/19p ordinary | CFD | increasing a short position | 18,460 | 5.2306 GBP |
32 17/19p ordinary | CFD | increasing a short position | 814 | 5.2306 GBP |
32 17/19p ordinary | CFD | increasing a short position | 3,269 | 5.2306 GBP |
32 17/19p ordinary | CFD | increasing a short position | 3,408 | 5.2306 GBP |
32 17/19p ordinary | CFD | increasing a short position | 3,681 | 5.2306 GBP |
32 17/19p ordinary | CFD | increasing a short position | 5,437 | 5.2325 GBP |
32 17/19p ordinary | CFD | increasing a short position | 2,581 | 5.2325 GBP |
32 17/19p ordinary | CFD | increasing a short position | 346,300 | 5.2326 GBP |
32 17/19p ordinary | CFD | increasing a short position | 3,599 | 5.2329 GBP |
32 17/19p ordinary | CFD | increasing a short position | 112,454 | 5.2359 GBP |
32 17/19p ordinary | CFD | increasing a short position | 9,078 | 5.2410 GBP |
32 17/19p ordinary | CFD | increasing a short position | 1,199 | 5.2411 GBP |
32 17/19p ordinary | CFD | increasing a short position | 468 | 5.2480 GBP |
32 17/19p ordinary | CFD | increasing a short position | 673 | 5.2480 GBP |
32 17/19p ordinary | CFD | increasing a short position | 1,061 | 5.2480 GBP |
32 17/19p ordinary | CFD | increasing a short position | 8,724 | 5.2492 GBP |
32 17/19p ordinary | CFD | increasing a short position | 16,293 | 5.2492 GBP |
32 17/19p ordinary | CFD | increasing a short position | 32,800 | 5.2492 GBP |
32 17/19p ordinary | CFD | increasing a short position | 25,632 | 5.2492 GBP |
32 17/19p ordinary | CFD | increasing a short position | 57,518 | 5.2494 GBP |
32 17/19p ordinary | CFD | increasing a short position | 2 | 5.2500 GBP |
32 17/19p ordinary | CFD | increasing a short position | 157 | 5.2663 GBP |
32 17/19p ordinary | CFD | increasing a short position | 8 | 5.2695 GBP |
32 17/19p ordinary | CFD | reducing a long position | 1,195 | 5.0880 GBP |
32 17/19p ordinary | CFD | reducing a long position | 795,891 | 5.0880 GBP |
32 17/19p ordinary | CFD | reducing a long position | 5,237 | 5.0996 GBP |
32 17/19p ordinary | CFD | reducing a long position | 26,473 | 5.1022 GBP |
32 17/19p ordinary | CFD | reducing a long position | 559 | 5.1261 GBP |
32 17/19p ordinary | CFD | reducing a long position | 14,450 | 5.1589 GBP |
32 17/19p ordinary | CFD | reducing a long position | 3,911 | 5.1589 GBP |
32 17/19p ordinary | CFD | reducing a long position | 143,350 | 5.1626 GBP |
32 17/19p ordinary | CFD | reducing a long position | 143,350 | 5.1656 GBP |
32 17/19p ordinary | CFD | reducing a long position | 12,432 | 5.1742 GBP |
32 17/19p ordinary | CFD | reducing a long position | 138,695 | 5.1884 GBP |
32 17/19p ordinary | CFD | reducing a long position | 1,401 | 5.1884 GBP |
32 17/19p ordinary | CFD | reducing a long position | 16,717 | 5.1884 GBP |
32 17/19p ordinary | CFD | reducing a long position | 2,996 | 5.1974 GBP |
32 17/19p ordinary | CFD | reducing a long position | 6,733 | 5.2179 GBP |
32 17/19p ordinary | CFD | reducing a long position | 24,877 | 5.2179 GBP |
32 17/19p ordinary | CFD | reducing a long position | 13,040 | 5.2414 GBP |
32 17/19p ordinary | CFD | reducing a long position | 8,150 | 5.2500 GBP |
32 17/19p ordinary | CFD | reducing a long position | 15,207 | 5.2516 GBP |
32 17/19p ordinary | CFD | reducing a short position | 3,096 | 5.0880 GBP |
32 17/19p ordinary | CFD | reducing a short position | 718 | 5.1699 GBP |
32 17/19p ordinary | CFD | reducing a short position | 55 | 5.2002 GBP |
32 17/19p ordinary | CFD | reducing a short position | 45,988 | 5.2084 GBP |
32 17/19p ordinary | CFD | reducing a short position | 21,841 | 5.2084 GBP |
32 17/19p ordinary | CFD | reducing a short position | 1,531 | 5.2115 GBP |
32 17/19p ordinary | CFD | reducing a short position | 42,368 | 5.2119 GBP |
32 17/19p ordinary | CFD | reducing a short position | 10,460 | 5.2194 GBP |
32 17/19p ordinary | CFD | reducing a short position | 39 | 5.2206 GBP |
32 17/19p ordinary | CFD | reducing a short position | 5,181 | 5.2211 GBP |
32 17/19p ordinary | CFD | reducing a short position | 13,936 | 5.2243 GBP |
32 17/19p ordinary | CFD | reducing a short position | 3,900 | 5.2269 GBP |
32 17/19p ordinary | CFD | reducing a short position | 500 | 5.2269 GBP |
32 17/19p ordinary | CFD | reducing a short position | 19,500 | 5.2269 GBP |
32 17/19p ordinary | CFD | reducing a short position | 2,000 | 5.2269 GBP |
32 17/19p ordinary | CFD | reducing a short position | 17,407 | 5.2314 GBP |
32 17/19p ordinary | CFD | reducing a short position | 157 | 5.2370 GBP |
32 17/19p ordinary | CFD | reducing a short position | 468 | 5.2412 GBP |
32 17/19p ordinary | CFD | reducing a short position | 23,548 | 5.2420 GBP |
32 17/19p ordinary | CFD | reducing a short position | 7,720 | 5.2420 GBP |
32 17/19p ordinary | CFD | reducing a short position | 7,525 | 5.2423 GBP |
32 17/19p ordinary | CFD | reducing a short position | 8,744 | 5.2454 GBP |
32 17/19p ordinary | CFD | reducing a short position | 3,240 | 5.2478 GBP |
32 17/19p ordinary | CFD | reducing a short position | 6,823 | 5.2478 GBP |
32 17/19p ordinary | CFD | reducing a short position | 389,823 | 5.2480 GBP |
32 17/19p ordinary | CFD | reducing a short position | 9,078 | 5.2480 GBP |
32 17/19p ordinary | CFD | reducing a short position | 1,103 | 5.2480 GBP |
32 17/19p ordinary | CFD | reducing a short position | 1,575 | 5.2480 GBP |
32 17/19p ordinary | CFD | reducing a short position | 31,555 | 5.2482 GBP |
32 17/19p ordinary | CFD | reducing a short position | 6,128 | 5.2484 GBP |
32 17/19p ordinary | CFD | reducing a short position | 155,865 | 5.2485 GBP |
32 17/19p ordinary | CFD | reducing a short position | 175,932 | 5.2502 GBP |
32 17/19p ordinary | CFD | reducing a short position | 1,084 | 5.2508 GBP |
32 17/19p ordinary | CFD | reducing a short position | 5,659 | 5.2510 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: | 28 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.
Related Shares:
Aviva