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

Direct Line InsuranceAnnouncement

28/05/2025 08:45

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RNS Number : 3923K  Morgan Stanley & Co. Int'l plc  28 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:                                                    27 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         779,413                     3.0300 GBP                            2.9500 GBP
 10 10/11p ordinary          SALES             2,445,291                   3.0304 GBP                            2.9500 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                                                     5,097                           3.0172 GBP
 10 10/11p ordinary          CFD                  increasing a long position                                                     6,150                           3.0211 GBP
 10 10/11p ordinary          CFD                  increasing a long position                                                     21,415                          3.0223 GBP
 10 10/11p ordinary          CFD                  increasing a long position                                                     163                             3.0240 GBP
 10 10/11p ordinary          CFD                  increasing a long position                                                     224                             3.0240 GBP
 10 10/11p ordinary          CFD                  increasing a long position                                                     3,323                           3.0240 GBP
 10 10/11p ordinary          CFD                  increasing a long position                                                     2,994                           3.0247 GBP
 10 10/11p ordinary          CFD                  increasing a short position                                                    929                             3.0140 GBP
 10 10/11p ordinary          CFD                  increasing a short position                                                    1,174                           3.0157 GBP
 10 10/11p ordinary          CFD                  increasing a short position                                                    24,944                          3.0159 GBP
 10 10/11p ordinary          CFD                  increasing a short position                                                    125,356                         3.0162 GBP
 10 10/11p ordinary          CFD                  increasing a short position                                                    13,582                          3.0162 GBP
 10 10/11p ordinary          CFD                  increasing a short position                                                    183,756                         3.0162 GBP
 10 10/11p ordinary          CFD                  increasing a short position                                                    210,765                         3.0162 GBP
 10 10/11p ordinary          CFD                  increasing a short position                                                    49,500                          3.0162 GBP
 10 10/11p ordinary          CFD                  increasing a short position                                                    1,295                           3.0175 GBP
 10 10/11p ordinary          CFD                  increasing a short position                                                    765                             3.0240 GBP
 10 10/11p ordinary          CFD                  increasing a short position                                                    1,576                           3.0240 GBP
 10 10/11p ordinary          CFD                  increasing a short position                                                    3,219                           3.0240 GBP
 10 10/11p ordinary          CFD                  increasing a short position                                                    103                             3.0240 GBP
 10 10/11p ordinary          CFD                  increasing a short position                                                    74                              3.0241 GBP
 10 10/11p ordinary          CFD                  increasing a short position                                                    35,903                          3.0243 GBP
 10 10/11p ordinary          CFD                  increasing a short position                                                    12                              3.0248 GBP
 10 10/11p ordinary          CFD                  increasing a short position                                                    11,388                          3.0300 GBP
 10 10/11p ordinary          CFD                  reducing a long position                                                       417                             3.0207 GBP
 10 10/11p ordinary          CFD                  reducing a long position                                                       2,313                           3.0222 GBP
 10 10/11p ordinary          CFD                  reducing a long position                                                       5,097                           3.0240 GBP
 10 10/11p ordinary          CFD                  reducing a long position                                                       132                             3.0240 GBP
 10 10/11p ordinary          CFD                  reducing a long position                                                       21,415                          3.0240 GBP
 10 10/11p ordinary          CFD                  reducing a short position                                                      5,553                           3.0132 GBP
 10 10/11p ordinary          CFD                  reducing a short position                                                      2,200,000                       3.0147 GBP
 10 10/11p ordinary          CFD                  reducing a short position                                                      22,108                          3.0187 GBP
 10 10/11p ordinary          CFD                  reducing a short position                                                      144                             3.0198 GBP
 10 10/11p ordinary          CFD                  reducing a short position                                                      3,385                           3.0214 GBP
 10 10/11p ordinary          CFD                  reducing a short position                                                      1,163                           3.0239 GBP
 10 10/11p ordinary          CFD                  reducing a short position                                                      10,353                          3.0240 GBP
 10 10/11p ordinary          CFD                  reducing a short position                                                      793                             3.0240 GBP
 10 10/11p ordinary          CFD                  reducing a short position                                                      60,391                          3.0240 GBP
 10 10/11p ordinary          CFD                  reducing a short position                                                      2,240                           3.0240 GBP
 10 10/11p ordinary          CFD                  reducing a short position                                                      1,150                           3.0240 GBP
 10 10/11p ordinary          CFD                  reducing a short position                                                      26,431                          3.0247 GBP
 10 10/11p ordinary          CFD                  reducing a short position                                                      186                             3.0280 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 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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