REG - Goldman Sachs (EPT) Direct Line Ins Grp - Form 8.5 (EPT/RI) - Amendment Direct Line

Direct Line InsuranceAnnouncement

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RNS Number : 9466H  GoldmanSachs International  08 May 2025

Amendment - due to the amendment of Equity and Derivative transactions, the
disclosure made on 11(th) March for dealings on 6(th) March have been updated.
Section 2(a) & 2(b) have been updated.

 

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:                                            (GS) GOLDMAN SACHS INTERNATIONAL
 (b) Name of offeror/offeree in relation to whose relevant securities this form  DIRECT LINE INSURANCE GROUP PLC
 relates:

      Use a separate form for each offeror/offeree
 (c) Name of the party to the offer with which exempt principal trader is        AVIVA PLC
 connected:
 (d) Date dealing undertaken:                                                    06 March 2025
 (e) In addition to the company in 1(b) above, is the exempt principal trader    YES - disclosed earlier for AVIVA PLC
 making disclosures in respect of any other party to the offer?

      If it is a cash offer or possible cash offer, state "N/A"

 

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

 10 10/11p ordinary          Purchases         4,487,887                   2.7880 GBP                            2.7500 GBP
 10 10/11p ordinary          Sales             4,781,472                   2.7880 GBP                            2.7500 GBP

 

 

 

(b)        Cash-settled derivative transactions

 

 Class of relevant security  Product description  Nature of dealing                                                              Number of reference securities  Price per unit

                             e.g. CFD             e.g. opening/closing a long/short position, increasing/reducing a long/short
                                                  position
 10 10/11p ordinary          CFD                  Increasing a short position                                                    25,853                          2.7523 GBP
 10 10/11p ordinary          CFD                  Increasing a short position                                                    240                             2.7539 GBP
 10 10/11p ordinary          CFD                  Increasing a short position                                                    1,479                           2.7539 GBP
 10 10/11p ordinary          CFD                  Increasing a short position                                                    408                             2.7539 GBP
 10 10/11p ordinary          CFD                  Increasing a short position                                                    142                             2.7539 GBP
 10 10/11p ordinary          CFD                  Increasing a short position                                                    1,032                           2.7539 GBP
 10 10/11p ordinary          CFD                  Increasing a short position                                                    1,112                           2.7539 GBP
 10 10/11p ordinary          CFD                  Increasing a short position                                                    3,352                           2.7539 GBP
 10 10/11p ordinary          CFD                  Increasing a short position                                                    3,375                           2.7539 GBP
 10 10/11p ordinary          CFD                  Reducing a long position                                                       385                             2.7601 GBP
 10 10/11p ordinary          CFD                  Increasing a short position                                                    60,000                          2.7616 GBP
 10 10/11p ordinary          CFD                  Reducing a short position                                                      225                             2.7620 GBP
 10 10/11p ordinary          CFD                  Increasing a short position                                                    150,000                         2.7621 GBP
 10 10/11p ordinary          CFD                  Opening a long position                                                        27,685                          2.7637 GBP
 10 10/11p ordinary          CFD                  Reducing a short position                                                      50,806                          2.7637 GBP
 10 10/11p ordinary          CFD                  Increasing a long position                                                     2,149                           2.7638 GBP
 10 10/11p ordinary          CFD                  Reducing a long position                                                       836                             2.7641 GBP
 10 10/11p ordinary          CFD                  Opening a short position                                                       19,685                          2.7642 GBP
 10 10/11p ordinary          CFD                  Reducing a long position                                                       5,238                           2.7642 GBP
 10 10/11p ordinary          CFD                  Increasing a short position                                                    164,600                         2.7680 GBP
 10 10/11p ordinary          CFD                  Reducing a short position                                                      120,000                         2.7729 GBP
 10 10/11p ordinary          CFD                  Reducing a long position                                                       21,536                          2.7730 GBP
 10 10/11p ordinary          CFD                  Reducing a long position                                                       380                             2.7766 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                           Expiry date  Option money paid/ received per unit

                                                                                                                                                                                      e.g. American, European etc.

 

(ii)        Exercise

 

 Class of relevant security  Product description  Exercising / exercised against  Number of securities  Exercise price per unit

                             e.g. call option

 

(d)        Other dealings (including subscribing for new securities)

 

 Class of relevant security  Nature of dealing               Details  Price per unit (if applicable)

                             e.g. subscription, conversion

 

 

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:  08 May 2025
 Contact name:        Papa Lette and Andrzej Szyszka
 Telephone number:    +33(1) 4212 1459 / +48(22) 317 4817

 

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 disclosure requirements on +44 (0)20 7638 0129.

 

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk
(http://www.thetakeoverpanel.org.uk) .

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