29th May 2025 14:51
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: | 27 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 | PURCHASES | 3,214,269 | 6.2040 GBP | 6.1157 GBP |
32 17/19p ordinary | SALES | 3,653,953 | 6.2040 GBP | 6.1160 GBP |
32 17/19p ordinary | SALES | 18,959 | 7.3892 EUR | 7.3892 EUR |
32 17/19p ordinary | SALES | 191 | 8.3670 USD | 8.3670 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 | 3,405 | 6.1659 GBP |
32 17/19p ordinary | CFD | increasing a long position | 2,152 | 6.1740 GBP |
32 17/19p ordinary | CFD | increasing a long position | 35,900 | 6.1780 GBP |
32 17/19p ordinary | CFD | increasing a long position | 52,700 | 6.1780 GBP |
32 17/19p ordinary | CFD | increasing a long position | 14,200 | 6.1780 GBP |
32 17/19p ordinary | CFD | increasing a long position | 3,900 | 6.1780 GBP |
32 17/19p ordinary | CFD | increasing a long position | 60,453 | 6.1780 GBP |
32 17/19p ordinary | CFD | increasing a long position | 878 | 6.1789 GBP |
32 17/19p ordinary | CFD | increasing a long position | 578 | 6.1797 GBP |
32 17/19p ordinary | CFD | increasing a long position | 40,811 | 6.1805 GBP |
32 17/19p ordinary | CFD | increasing a long position | 4,927 | 6.1806 GBP |
32 17/19p ordinary | CFD | increasing a long position | 4,636 | 6.1812 GBP |
32 17/19p ordinary | CFD | increasing a long position | 1,515 | 6.1816 GBP |
32 17/19p ordinary | CFD | increasing a long position | 22,089 | 6.1835 GBP |
32 17/19p ordinary | CFD | increasing a long position | 3,120 | 6.1843 GBP |
32 17/19p ordinary | CFD | increasing a long position | 8,633 | 6.1849 GBP |
32 17/19p ordinary | CFD | increasing a long position | 4,909 | 6.1856 GBP |
32 17/19p ordinary | CFD | increasing a long position | 4,677 | 6.1856 GBP |
32 17/19p ordinary | CFD | increasing a long position | 213 | 6.1862 GBP |
32 17/19p ordinary | CFD | increasing a long position | 191 | 6.1873 GBP |
32 17/19p ordinary | CFD | increasing a long position | 30,134 | 6.1874 GBP |
32 17/19p ordinary | CFD | increasing a long position | 8,220 | 6.1896 GBP |
32 17/19p ordinary | CFD | increasing a long position | 6,261 | 6.1900 GBP |
32 17/19p ordinary | CFD | increasing a long position | 64,730 | 6.1901 GBP |
32 17/19p ordinary | CFD | increasing a long position | 7,413 | 6.1901 GBP |
32 17/19p ordinary | CFD | increasing a long position | 102,123 | 6.1902 GBP |
32 17/19p ordinary | CFD | increasing a long position | 149,857 | 6.1928 GBP |
32 17/19p ordinary | CFD | increasing a long position | 4,678 | 6.1939 GBP |
32 17/19p ordinary | CFD | increasing a long position | 16,856 | 6.1953 GBP |
32 17/19p ordinary | CFD | increasing a long position | 520 | 6.1957 GBP |
32 17/19p ordinary | CFD | increasing a long position | 1,943 | 6.1960 GBP |
32 17/19p ordinary | CFD | increasing a long position | 3,721 | 6.1960 GBP |
32 17/19p ordinary | CFD | increasing a long position | 904 | 6.1969 GBP |
32 17/19p ordinary | CFD | increasing a long position | 1,846 | 6.1969 GBP |
32 17/19p ordinary | CFD | increasing a long position | 16,383 | 6.1976 GBP |
32 17/19p ordinary | CFD | increasing a long position | 18,086 | 6.1986 GBP |
32 17/19p ordinary | CFD | increasing a long position | 1,810 | 6.1988 GBP |
32 17/19p ordinary | CFD | increasing a long position | 22,173 | 6.1990 GBP |
32 17/19p ordinary | CFD | increasing a long position | 11,585 | 6.1990 GBP |
32 17/19p ordinary | CFD | increasing a long position | 304 | 6.1997 GBP |
32 17/19p ordinary | CFD | increasing a long position | 18,959 | 6.1997 GBP |
32 17/19p ordinary | CFD | increasing a long position | 3,637 | 6.2000 GBP |
32 17/19p ordinary | CFD | increasing a long position | 110,218 | 6.2000 GBP |
32 17/19p ordinary | CFD | increasing a long position | 545 | 6.2000 GBP |
32 17/19p ordinary | CFD | increasing a long position | 139 | 6.2000 GBP |
32 17/19p ordinary | CFD | increasing a long position | 458,925 | 6.2000 GBP |
32 17/19p ordinary | CFD | increasing a long position | 343 | 6.2000 GBP |
32 17/19p ordinary | CFD | increasing a long position | 8,136 | 6.2003 GBP |
32 17/19p ordinary | CFD | increasing a short position | 1,294 | 6.1814 GBP |
32 17/19p ordinary | CFD | increasing a short position | 143,284 | 6.1850 GBP |
32 17/19p ordinary | CFD | increasing a short position | 4,790 | 6.1850 GBP |
32 17/19p ordinary | CFD | increasing a short position | 100 | 6.1944 GBP |
32 17/19p ordinary | CFD | increasing a short position | 2,152 | 6.2000 GBP |
32 17/19p ordinary | CFD | increasing a short position | 30 | 6.2040 GBP |
32 17/19p ordinary | CFD | reducing a long position | 153 | 6.1460 GBP |
32 17/19p ordinary | CFD | reducing a long position | 468 | 6.1461 GBP |
32 17/19p ordinary | CFD | reducing a long position | 2,340 | 6.1564 GBP |
32 17/19p ordinary | CFD | reducing a long position | 339 | 6.1610 GBP |
32 17/19p ordinary | CFD | reducing a long position | 15,055 | 6.1649 GBP |
32 17/19p ordinary | CFD | reducing a long position | 7,697 | 6.1651 GBP |
32 17/19p ordinary | CFD | reducing a long position | 16,316 | 6.1710 GBP |
32 17/19p ordinary | CFD | reducing a long position | 19,958 | 6.1741 GBP |
32 17/19p ordinary | CFD | reducing a long position | 58,966 | 6.1760 GBP |
32 17/19p ordinary | CFD | reducing a long position | 630,740 | 6.1780 GBP |
32 17/19p ordinary | CFD | reducing a long position | 205 | 6.1805 GBP |
32 17/19p ordinary | CFD | reducing a long position | 5,736 | 6.1816 GBP |
32 17/19p ordinary | CFD | reducing a long position | 1,303 | 6.1830 GBP |
32 17/19p ordinary | CFD | reducing a long position | 2,660 | 6.1830 GBP |
32 17/19p ordinary | CFD | reducing a long position | 6,850 | 6.1843 GBP |
32 17/19p ordinary | CFD | reducing a long position | 4,558 | 6.1853 GBP |
32 17/19p ordinary | CFD | reducing a long position | 58,604 | 6.1858 GBP |
32 17/19p ordinary | CFD | reducing a long position | 220 | 6.1931 GBP |
32 17/19p ordinary | CFD | reducing a long position | 60,383 | 6.1931 GBP |
32 17/19p ordinary | CFD | reducing a long position | 3,154 | 6.1987 GBP |
32 17/19p ordinary | CFD | reducing a long position | 64,900 | 6.1999 GBP |
32 17/19p ordinary | CFD | reducing a long position | 1,456 | 6.2000 GBP |
32 17/19p ordinary | CFD | reducing a long position | 101,386 | 6.2000 GBP |
32 17/19p ordinary | CFD | reducing a long position | 6,721 | 6.2000 GBP |
32 17/19p ordinary | CFD | reducing a long position | 41,474 | 6.2000 GBP |
32 17/19p ordinary | CFD | reducing a long position | 1 | 6.2000 GBP |
32 17/19p ordinary | CFD | reducing a long position | 17,871 | 6.2000 GBP |
32 17/19p ordinary | CFD | reducing a short position | 423 | 6.1678 GBP |
32 17/19p ordinary | CFD | reducing a short position | 9,392 | 6.1703 GBP |
32 17/19p ordinary | CFD | reducing a short position | 2,601 | 6.1765 GBP |
32 17/19p ordinary | CFD | reducing a short position | 5,575 | 6.1769 GBP |
32 17/19p ordinary | CFD | reducing a short position | 21,511 | 6.1783 GBP |
32 17/19p ordinary | CFD | reducing a short position | 11,900 | 6.1872 GBP |
32 17/19p ordinary | CFD | reducing a short position | 1,294 | 6.1896 GBP |
32 17/19p ordinary | CFD | reducing a short position | 277 | 6.1900 GBP |
32 17/19p ordinary | CFD | reducing a short position | 413 | 6.1908 GBP |
32 17/19p ordinary | CFD | reducing a short position | 59 | 6.1908 GBP |
32 17/19p ordinary | CFD | reducing a short position | 191 | 6.1938 GBP |
32 17/19p ordinary | CFD | reducing a short position | 33,324 | 6.1940 GBP |
32 17/19p ordinary | CFD | reducing a short position | 83,355 | 6.1976 GBP |
32 17/19p ordinary | CFD | reducing a short position | 23,315 | 6.1986 GBP |
32 17/19p ordinary | CFD | reducing a short position | 76,313 | 6.1996 GBP |
32 17/19p ordinary | CFD | reducing a short position | 83,462 | 6.1999 GBP |
32 17/19p ordinary | CFD | reducing a short position | 528 | 6.2000 GBP |
32 17/19p ordinary | CFD | reducing a short position | 2,152 | 6.2000 GBP |
32 17/19p ordinary | CFD | reducing a short position | 611 | 6.2000 GBP |
32 17/19p ordinary | CFD | reducing a short position | 7 | 6.2000 GBP |
32 17/19p ordinary | CFD | reducing a short position | 950 | 6.2000 GBP |
32 17/19p ordinary | CFD | reducing a short position | 15,826 | 6.2000 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: | 29 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