REG - Morgan Stanley & Co. Direct Line Ins Grp - Form 8.5 (EPT/RI)- Direct Line Insurance Group plc

Direct Line InsuranceAnnouncement

Wed 08:30

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RNS Number : 8025G  Morgan Stanley & Co. Int'l plc  30 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:                                                    29 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         969,959                     2.8380 GBP                            2.8060 GBP
 10 10/11p ordinary          SALES             1,711,791                   2.8380 GBP                            2.8060 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                                                     248,326                         2.8212 GBP
 10 10/11p ordinary          CFD                  increasing a long position                                                     36,769                          2.8212 GBP
 10 10/11p ordinary          CFD                  increasing a long position                                                     169,425                         2.8212 GBP
 10 10/11p ordinary          CFD                  increasing a long position                                                     10,642                          2.8212 GBP
 10 10/11p ordinary          CFD                  increasing a long position                                                     5,994                           2.8247 GBP
 10 10/11p ordinary          CFD                  increasing a long position                                                     6,184                           2.8248 GBP
 10 10/11p ordinary          CFD                  increasing a long position                                                     246                             2.8380 GBP
 10 10/11p ordinary          CFD                  increasing a long position                                                     8,572                           2.8380 GBP
 10 10/11p ordinary          CFD                  increasing a long position                                                     212                             2.8380 GBP
 10 10/11p ordinary          CFD                  increasing a short position                                                    903                             2.8132 GBP
 10 10/11p ordinary          CFD                  increasing a short position                                                    231,164                         2.8134 GBP
 10 10/11p ordinary          CFD                  increasing a short position                                                    20,765                          2.8159 GBP
 10 10/11p ordinary          CFD                  increasing a short position                                                    16,046                          2.8159 GBP
 10 10/11p ordinary          CFD                  increasing a short position                                                    110,091                         2.8159 GBP
 10 10/11p ordinary          CFD                  increasing a short position                                                    12,306                          2.8159 GBP
 10 10/11p ordinary          CFD                  increasing a short position                                                    1,326                           2.8159 GBP
 10 10/11p ordinary          CFD                  increasing a short position                                                    6,010                           2.8160 GBP
 10 10/11p ordinary          CFD                  increasing a short position                                                    2,188                           2.8235 GBP
 10 10/11p ordinary          CFD                  increasing a short position                                                    15,958                          2.8285 GBP
 10 10/11p ordinary          CFD                  increasing a short position                                                    283                             2.8380 GBP
 10 10/11p ordinary          CFD                  reducing a long position                                                       9,450                           2.8160 GBP
 10 10/11p ordinary          CFD                  reducing a long position                                                       2,790                           2.8206 GBP
 10 10/11p ordinary          CFD                  reducing a long position                                                       98                              2.8260 GBP
 10 10/11p ordinary          CFD                  reducing a long position                                                       1,396                           2.8295 GBP
 10 10/11p ordinary          CFD                  reducing a long position                                                       3,157                           2.8353 GBP
 10 10/11p ordinary          CFD                  reducing a short position                                                      204,696                         2.8100 GBP
 10 10/11p ordinary          CFD                  reducing a short position                                                      400,000                         2.8104 GBP
 10 10/11p ordinary          CFD                  reducing a short position                                                      600                             2.8140 GBP
 10 10/11p ordinary          CFD                  reducing a short position                                                      15,958                          2.8161 GBP
 10 10/11p ordinary          CFD                  reducing a short position                                                      1,141                           2.8212 GBP
 10 10/11p ordinary          CFD                  reducing a short position                                                      51,485                          2.8268 GBP
 10 10/11p ordinary          CFD                  reducing a short position                                                      9,255                           2.8355 GBP
 10 10/11p ordinary          CFD                  reducing a short position                                                      4,795                           2.8379 GBP
 10 10/11p ordinary          CFD                  reducing a short position                                                      470                             2.8380 GBP
 10 10/11p ordinary          CFD                  reducing a short position                                                      484                             2.8380 GBP
 10 10/11p ordinary          CFD                  reducing a short position                                                      384                             2.8380 GBP
 10 10/11p ordinary          CFD                  reducing a short position                                                      39,407                          2.8380 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:  30 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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