REG - Morgan Stanley & Co. Direct Line Ins Grp - Form 8.5 (EPT/RI)- Direct Line Insurance Group plc
Mon 08:45
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RNS Number : 4117G Morgan Stanley & Co. Int'l plc 28 April 2025
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 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 Direct Line Insurance Group plc
connected:
(d) Date dealing undertaken: 25 April 2025
(e) In addition to the company in 1(b) above, is the exempt principal trader YES - Aviva Plc
making disclosures in respect of any other party to this 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 534,522 2.7960 GBP 2.7780 GBP
10 10/11p ordinary SALES 572,157 2.7961 GBP 2.7780 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 long position 1,474 2.7838 GBP
10 10/11p ordinary CFD increasing a long position 255 2.7867 GBP
10 10/11p ordinary CFD increasing a long position 65,309 2.7899 GBP
10 10/11p ordinary CFD increasing a long position 2,849 2.7904 GBP
10 10/11p ordinary CFD increasing a long position 66,734 2.7904 GBP
10 10/11p ordinary CFD increasing a long position 12,158 2.7904 GBP
10 10/11p ordinary CFD increasing a long position 11,450 2.7904 GBP
10 10/11p ordinary CFD increasing a long position 16,423 2.7904 GBP
10 10/11p ordinary CFD increasing a long position 12,984 2.7904 GBP
10 10/11p ordinary CFD increasing a long position 10,706 2.7904 GBP
10 10/11p ordinary CFD increasing a long position 11,065 2.7904 GBP
10 10/11p ordinary CFD increasing a long position 12,556 2.7904 GBP
10 10/11p ordinary CFD increasing a long position 10,370 2.7904 GBP
10 10/11p ordinary CFD increasing a long position 1,577 2.7911 GBP
10 10/11p ordinary CFD increasing a long position 24 2.7918 GBP
10 10/11p ordinary CFD increasing a long position 11 2.7924 GBP
10 10/11p ordinary CFD increasing a long position 10,320 2.7927 GBP
10 10/11p ordinary CFD increasing a long position 31,374 2.7960 GBP
10 10/11p ordinary CFD increasing a short position 8 2.7800 GBP
10 10/11p ordinary CFD increasing a short position 36,648 2.7814 GBP
10 10/11p ordinary CFD increasing a short position 23,166 2.7859 GBP
10 10/11p ordinary CFD increasing a short position 22,122 2.7859 GBP
10 10/11p ordinary CFD increasing a short position 2,776 2.7859 GBP
10 10/11p ordinary CFD increasing a short position 2,346 2.7934 GBP
10 10/11p ordinary CFD increasing a short position 32,994 2.7937 GBP
10 10/11p ordinary CFD increasing a short position 10,456 2.7960 GBP
10 10/11p ordinary CFD reducing a long position 255 2.7820 GBP
10 10/11p ordinary CFD reducing a long position 31,374 2.7825 GBP
10 10/11p ordinary CFD reducing a long position 151 2.7850 GBP
10 10/11p ordinary CFD reducing a long position 6,385 2.7859 GBP
10 10/11p ordinary CFD reducing a long position 18,270 2.7875 GBP
10 10/11p ordinary CFD reducing a long position 701 2.7890 GBP
10 10/11p ordinary CFD reducing a long position 9,327 2.7929 GBP
10 10/11p ordinary CFD reducing a long position 2,331 2.7937 GBP
10 10/11p ordinary CFD reducing a long position 29,204 2.7960 GBP
10 10/11p ordinary CFD reducing a short position 1,571 2.7860 GBP
10 10/11p ordinary CFD reducing a short position 1,319 2.7880 GBP
10 10/11p ordinary CFD reducing a short position 2,797 2.7897 GBP
10 10/11p ordinary CFD reducing a short position 30,293 2.7926 GBP
10 10/11p ordinary CFD reducing a short position 14,410 2.7960 GBP
10 10/11p ordinary CFD reducing a short position 5,251 2.7960 GBP
10 10/11p ordinary CFD reducing a short position 35,544 2.7960 GBP
10 10/11p ordinary CFD reducing a short position 3,473 2.7960 GBP
10 10/11p ordinary CFD reducing a short position 1,141 2.7960 GBP
10 10/11p ordinary CFD reducing a short position 473 2.7960 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.
N/A N/A N/A N/A N/A N/A N/A N/A
(ii) Exercise
Class of relevant security Product description Exercising/ exercised against Number of securities Exercise price per unit
e.g. call option
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 Details Price per unit (if applicable)
e.g. subscription, conversion
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 April 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
(http://www.thetakeoverpanel.org.uk) .
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