REG - Morgan Stanley & Co. Direct Line Ins Grp - Form 8.5 (EPT/RI)- Direct Line Insurance Group plc
Today 08:30
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RNS Number : 4285I Morgan Stanley & Co. Int'l plc 13 May 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: 12 May 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 1,009,848 2.9180 GBP 2.8660 GBP
10 10/11p ordinary SALES 776,202 2.9280 GBP 2.8640 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 46 2.8662 GBP
10 10/11p ordinary CFD increasing a long position 37,695 2.8708 GBP
10 10/11p ordinary CFD increasing a long position 518 2.8717 GBP
10 10/11p ordinary CFD increasing a long position 732 2.8722 GBP
10 10/11p ordinary CFD increasing a long position 10,373 2.8803 GBP
10 10/11p ordinary CFD increasing a long position 534 2.8980 GBP
10 10/11p ordinary CFD increasing a short position 610 2.8660 GBP
10 10/11p ordinary CFD increasing a short position 1,005 2.8674 GBP
10 10/11p ordinary CFD increasing a short position 5,758 2.8680 GBP
10 10/11p ordinary CFD increasing a short position 9,855 2.8689 GBP
10 10/11p ordinary CFD increasing a short position 282 2.8760 GBP
10 10/11p ordinary CFD increasing a short position 118,750 2.8769 GBP
10 10/11p ordinary CFD increasing a short position 6,250 2.8769 GBP
10 10/11p ordinary CFD increasing a short position 1,870 2.8797 GBP
10 10/11p ordinary CFD increasing a short position 118,750 2.8798 GBP
10 10/11p ordinary CFD increasing a short position 6,250 2.8798 GBP
10 10/11p ordinary CFD increasing a short position 645 2.8807 GBP
10 10/11p ordinary CFD increasing a short position 2,706 2.8809 GBP
10 10/11p ordinary CFD increasing a short position 15,505 2.8888 GBP
10 10/11p ordinary CFD increasing a short position 433,539 2.8933 GBP
10 10/11p ordinary CFD increasing a short position 2,644 2.9060 GBP
10 10/11p ordinary CFD reducing a long position 197 2.8660 GBP
10 10/11p ordinary CFD reducing a long position 732 2.8660 GBP
10 10/11p ordinary CFD reducing a long position 10,735 2.8746 GBP
10 10/11p ordinary CFD reducing a long position 10,818 2.8888 GBP
10 10/11p ordinary CFD reducing a short position 4,252 2.8659 GBP
10 10/11p ordinary CFD reducing a short position 3,844 2.8659 GBP
10 10/11p ordinary CFD reducing a short position 3,433 2.8659 GBP
10 10/11p ordinary CFD reducing a short position 43,537 2.8660 GBP
10 10/11p ordinary CFD reducing a short position 10,157 2.8678 GBP
10 10/11p ordinary CFD reducing a short position 874 2.8700 GBP
10 10/11p ordinary CFD reducing a short position 282 2.8740 GBP
10 10/11p ordinary CFD reducing a short position 6,205 2.8767 GBP
10 10/11p ordinary CFD reducing a short position 6,948 2.8767 GBP
10 10/11p ordinary CFD reducing a short position 7,685 2.8767 GBP
10 10/11p ordinary CFD reducing a short position 1,312 2.8771 GBP
10 10/11p ordinary CFD reducing a short position 1,450 2.8771 GBP
10 10/11p ordinary CFD reducing a short position 1,171 2.8771 GBP
10 10/11p ordinary CFD reducing a short position 7,396 2.8776 GBP
10 10/11p ordinary CFD reducing a short position 2,234 2.8787 GBP
10 10/11p ordinary CFD reducing a short position 2,020 2.8787 GBP
10 10/11p ordinary CFD reducing a short position 1,805 2.8787 GBP
10 10/11p ordinary CFD reducing a short position 2,236 2.8788 GBP
10 10/11p ordinary CFD reducing a short position 1,997 2.8788 GBP
10 10/11p ordinary CFD reducing a short position 2,473 2.8788 GBP
10 10/11p ordinary CFD reducing a short position 79,536 2.8819 GBP
10 10/11p ordinary CFD reducing a short position 9,963 2.8872 GBP
10 10/11p ordinary CFD reducing a short position 8,046 2.8872 GBP
10 10/11p ordinary CFD reducing a short position 9,008 2.8872 GBP
10 10/11p ordinary CFD reducing a short position 119 2.8876 GBP
10 10/11p ordinary CFD reducing a short position 97 2.8876 GBP
10 10/11p ordinary CFD reducing a short position 108 2.8877 GBP
10 10/11p ordinary CFD reducing a short position 1,801 2.8878 GBP
10 10/11p ordinary CFD reducing a short position 1,608 2.8878 GBP
10 10/11p ordinary CFD reducing a short position 1,993 2.8878 GBP
10 10/11p ordinary CFD reducing a short position 5,024 2.8885 GBP
10 10/11p ordinary CFD reducing a short position 29,538 2.8911 GBP
10 10/11p ordinary CFD reducing a short position 23,852 2.8911 GBP
10 10/11p ordinary CFD reducing a short position 26,708 2.8911 GBP
10 10/11p ordinary CFD reducing a short position 789 2.8929 GBP
10 10/11p ordinary CFD reducing a short position 976 2.8929 GBP
10 10/11p ordinary CFD reducing a short position 883 2.8929 GBP
10 10/11p ordinary CFD reducing a short position 1,316 2.9089 GBP
10 10/11p ordinary CFD reducing a short position 1,630 2.9089 GBP
10 10/11p ordinary CFD reducing a short position 1,474 2.9089 GBP
10 10/11p ordinary CFD reducing a short position 1,281 2.9279 GBP
10 10/11p ordinary CFD reducing a short position 1,588 2.9279 GBP
10 10/11p ordinary CFD reducing a short position 1,436 2.9279 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: 13 May 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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