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

12th Nov 2020 13:42

RNS Number : 1603F
Morgan Stanley & Co. Int'l plc
12 November 2020
 

AMENDMENT(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:

10 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

3,795,031

6.5800 GBP

6.4860 GBP

100p ordinary

PURCHASES

4,812,144

6.5933 GBP

6.4820 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

1,928

6.4900 GBP

100p ordinary

CFD

LONG

15,038

6.5024 GBP

100p ordinary

CFD

LONG

12,253

6.5074 GBP

100p ordinary

CFD

LONG

15,700

6.5074 GBP

100p ordinary

CFD

LONG

17,207

6.5074 GBP

100p ordinary

CFD

LONG

3,000

6.5220 GBP

100p ordinary

CFD

LONG

99,992

6.5227 GBP

100p ordinary

CFD

LONG

657

6.5255 GBP

100p ordinary

CFD

LONG

3,022

6.5260 GBP

100p ordinary

CFD

LONG

4,061

6.5280 GBP

100p ordinary

CFD

LONG

9,495

6.5302 GBP

100p ordinary

CFD

LONG

1,603

6.5337 GBP

100p ordinary

CFD

LONG

830

6.5337 GBP

100p ordinary

CFD

LONG

978

6.5380 GBP

100p ordinary

CFD

LONG

977

6.5389 GBP

100p ordinary

CFD

LONG

18

6.5394 GBP

100p ordinary

CFD

LONG

33

6.5394 GBP

100p ordinary

CFD

LONG

5,364

6.5395 GBP

100p ordinary

CFD

LONG

4,582

6.5411 GBP

100p ordinary

CFD

LONG

115,961

6.5416 GBP

100p ordinary

CFD

LONG

1,630

6.5417 GBP

100p ordinary

CFD

LONG

3,142

6.5433 GBP

100p ordinary

CFD

LONG

3,188

6.5433 GBP

100p ordinary

CFD

LONG

40,358

6.5447 GBP

100p ordinary

CFD

LONG

8,565

6.5455 GBP

100p ordinary

CFD

LONG

577,333

6.5462 GBP

100p ordinary

CFD

LONG

614,786

6.5462 GBP

100p ordinary

CFD

LONG

1,130

6.5475 GBP

100p ordinary

CFD

LONG

710

6.5475 GBP

100p ordinary

CFD

LONG

146

6.5537 GBP

100p ordinary

CFD

LONG

22,529

6.5540 GBP

100p ordinary

CFD

LONG

2,091

6.5606 GBP

100p ordinary

CFD

LONG

2,591

6.5659 GBP

100p ordinary

CFD

LONG

982

6.5697 GBP

100p ordinary

CFD

LONG

357

6.5780 GBP

100p ordinary

CFD

SHORT

357

6.4900 GBP

100p ordinary

CFD

SHORT

150,000

6.4990 GBP

100p ordinary

CFD

SHORT

350,000

6.5239 GBP

100p ordinary

CFD

SHORT

10,481

6.5260 GBP

100p ordinary

CFD

SHORT

36,684

6.5260 GBP

100p ordinary

CFD

SHORT

1,974

6.5260 GBP

100p ordinary

CFD

SHORT

1,928

6.5260 GBP

100p ordinary

CFD

SHORT

223

6.5260 GBP

100p ordinary

CFD

SHORT

10,481

6.5260 GBP

100p ordinary

CFD

SHORT

10,481

6.5260 GBP

100p ordinary

CFD

SHORT

11,810

6.5260 GBP

100p ordinary

CFD

SHORT

7,146

6.5260 GBP

100p ordinary

CFD

SHORT

357

6.5260 GBP

100p ordinary

CFD

SHORT

5,077

6.5260 GBP

100p ordinary

CFD

SHORT

42,200

6.5295 GBP

100p ordinary

CFD

SHORT

1,918

6.5329 GBP

100p ordinary

CFD

SHORT

1,400

6.5332 GBP

100p ordinary

CFD

SHORT

11,183

6.5342 GBP

100p ordinary

CFD

SHORT

6,438

6.5368 GBP

100p ordinary

CFD

SHORT

7,964

6.5380 GBP

100p ordinary

CFD

SHORT

160,165

6.5479 GBP

100p ordinary

CFD

SHORT

6,003

6.5484 GBP

100p ordinary

CFD

SHORT

3,000

6.5500 GBP

100p ordinary

CFD

SHORT

315,224

6.5500 GBP

100p ordinary

CFD

SHORT

32,978

6.5549 GBP

100p ordinary

CFD

SHORT

226,834

6.5549 GBP

100p ordinary

CFD

SHORT

15,464

6.5549 GBP

100p ordinary

CFD

SHORT

211,634

6.5549 GBP

100p ordinary

CFD

SHORT

66,069

6.5549 GBP

100p ordinary

CFD

SHORT

4,963

6.5549 GBP

100p ordinary

CFD

SHORT

19,558

6.5549 GBP

100p ordinary

CFD

SHORT

115,284

6.5553 GBP

100p ordinary

CFD

SHORT

5,400

6.5578 GBP

100p ordinary

CFD

SHORT

2,500

6.5578 GBP

100p ordinary

CFD

SHORT

34,317

6.5578 GBP

100p ordinary

CFD

SHORT

65,419

6.5597 GBP

100p ordinary

CFD

SHORT

100,000

6.5599 GBP

100p ordinary

CFD

SHORT

50,000

6.5678 GBP

100p ordinary

CFD

SHORT

4,300

6.5700 GBP

100p ordinary

CFD

SHORT

2,000

6.5700 GBP

100p ordinary

CFD

SHORT

4,299

6.5700 GBP

100p ordinary

CFD

SHORT

27,615

6.5700 GBP

100p ordinary

CFD

SHORT

173,549

6.5700 GBP

100p ordinary

CFD

SHORT

5,000

6.5859 GBP

100p ordinary

CFD

SHORT

18,000

6.5859 GBP

100p ordinary

CFD

SHORT

27,000

6.5859 GBP

100p ordinary

CFD

SHORT

4,000

6.5899 GBP

100p ordinary

CFD

SHORT

1,800

6.5899 GBP

100p ordinary

CFD

SHORT

25,657

6.5899 GBP

100p ordinary

CFD

SHORT

161,111

6.5899 GBP

100p ordinary

CFD

SHORT

12,902

6.5899 GBP

100p ordinary

CFD

SHORT

57,290

6.5933 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:

12 November 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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