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Form 8.5 (EPT/RI)-Replacement of RSA INSURANCE GRP

2nd Dec 2020 15:23

RNS Number : 3286H
Morgan Stanley & Co. Int'l plc
02 December 2020
 

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

RSA Insurance Group plc

(c) Name of the party to the offer with which exempt principal trader is connected:

A consortium of Intact Financial Corporation and Tryg A/S

(d) Date dealing undertaken:

19 November 2020

(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"

NO

 

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

100p ordinary

SALES

7,433,994

6.7701 GBP

6.7473 GBP

100p ordinary

PURCHASES

7,512,159

6.7761 GBP

6.7520 GBP

 

(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

100p ordinary

CFD

LONG

146,698

6.7473 GBP

100p ordinary

CFD

LONG

25,138

6.7521 GBP

100p ordinary

CFD

LONG

12,100

6.7535 GBP

100p ordinary

CFD

LONG

6,806

6.7535 GBP

100p ordinary

CFD

LONG

2,194

6.7540 GBP

100p ordinary

CFD

LONG

3,900

6.7540 GBP

100p ordinary

CFD

LONG

51,000

6.7546 GBP

100p ordinary

CFD

LONG

3,890

6.7546 GBP

100p ordinary

CFD

LONG

100,167

6.7556 GBP

100p ordinary

CFD

LONG

66,211

6.7560 GBP

100p ordinary

CFD

LONG

13,700

6.7570 GBP

100p ordinary

CFD

LONG

76,732

6.7579 GBP

100p ordinary

CFD

LONG

108,781

6.7586 GBP

100p ordinary

CFD

LONG

7,753

6.7593 GBP

100p ordinary

CFD

LONG

3,056

6.7601 GBP

100p ordinary

CFD

LONG

1,454,000

6.7601 GBP

100p ordinary

CFD

LONG

4,773

6.7606 GBP

100p ordinary

CFD

LONG

68,317

6.7613 GBP

100p ordinary

CFD

LONG

163,051

6.7614 GBP

100p ordinary

CFD

LONG

89

6.7620 GBP

100p ordinary

CFD

LONG

2,479

6.7620 GBP

100p ordinary

CFD

LONG

1,378

6.7673 GBP

100p ordinary

CFD

LONG

5,412

6.7673 GBP

100p ordinary

CFD

LONG

33,337

6.7673 GBP

100p ordinary

CFD

SHORT

5,537

6.7530 GBP

100p ordinary

CFD

SHORT

6,261

6.7570 GBP

100p ordinary

CFD

SHORT

5,185

6.7593 GBP

100p ordinary

CFD

SHORT

107,353

6.7594 GBP

100p ordinary

CFD

SHORT

25,250

6.7600 GBP

100p ordinary

CFD

SHORT

107,696

6.7600 GBP

100p ordinary

CFD

SHORT

56,595

6.7600 GBP

100p ordinary

CFD

SHORT

42,451

6.7600 GBP

100p ordinary

CFD

SHORT

14,850

6.7600 GBP

100p ordinary

CFD

SHORT

278,408

6.7600 GBP

100p ordinary

CFD

SHORT

19,666

6.7606 GBP

100p ordinary

CFD

SHORT

62,176

6.7606 GBP

100p ordinary

CFD

SHORT

227,185

6.7606 GBP

100p ordinary

CFD

SHORT

27,228

6.7620 GBP

100p ordinary

CFD

SHORT

33,352

6.7620 GBP

100p ordinary

CFD

SHORT

1,542

6.7620 GBP

100p ordinary

CFD

SHORT

48,501

6.7620 GBP

100p ordinary

CFD

SHORT

18,147

6.7620 GBP

100p ordinary

CFD

SHORT

1,110

6.7620 GBP

100p ordinary

CFD

SHORT

3,022

6.7620 GBP

100p ordinary

CFD

SHORT

160,398

6.7620 GBP

100p ordinary

CFD

SHORT

1,503

6.7620 GBP

100p ordinary

CFD

SHORT

58,148

6.7620 GBP

100p ordinary

CFD

SHORT

207,474

6.7630 GBP

100p ordinary

CFD

SHORT

107,696

6.7647 GBP

100p ordinary

CFD

SHORT

56,596

6.7647 GBP

100p ordinary

CFD

SHORT

42,450

6.7647 GBP

100p ordinary

CFD

SHORT

14,850

6.7647 GBP

100p ordinary

CFD

SHORT

278,408

6.7647 GBP

100p ordinary

CFD

SHORT

1,100

6.7701 GBP

100p ordinary

CFD

SHORT

2,600

6.7701 GBP

100p ordinary

CFD

SHORT

128,865

6.7701 GBP

100p ordinary

CFD

SHORT

8,300

6.7701 GBP

100p ordinary

CFD

SHORT

16,500

6.7701 GBP

100p ordinary

CFD

SHORT

6,400

6.7761 GBP

100p ordinary

CFD

SHORT

2,900

6.7761 GBP

100p ordinary

CFD

SHORT

20,700

6.7761 GBP

100p ordinary

CFD

SHORT

322,161

6.7761 GBP

100p ordinary

CFD

SHORT

41,200

6.7761 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

100p ordinary

CALL SHORT

EXERCISED AGAINST

79,000

4.6000 GBP

 

(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:

02 December 2020

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.

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END
 
 
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