REG - Morgan Stanley & Co. Direct Line Ins Grp - Form 8.5 (EPT/RI) -Direct Line Insurance Group plc
29/05/2025 08:45
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RNS Number : 5890K Morgan Stanley & Co. Int'l plc 29 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: 28 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 SALES 211,075 3.0240 GBP 2.9838 GBP
10 10/11p ordinary PURCHASES 205,259 3.0380 GBP 2.9840 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 187 2.9840 GBP
10 10/11p ordinary CFD increasing a long position 34 2.9843 GBP
10 10/11p ordinary CFD increasing a long position 21,121 2.9885 GBP
10 10/11p ordinary CFD increasing a long position 33,410 2.9926 GBP
10 10/11p ordinary CFD increasing a short position 57,914 2.9840 GBP
10 10/11p ordinary CFD increasing a short position 1,891 2.9842 GBP
10 10/11p ordinary CFD increasing a short position 3,862 2.9842 GBP
10 10/11p ordinary CFD increasing a short position 1,068 2.9850 GBP
10 10/11p ordinary CFD increasing a short position 5,932 2.9857 GBP
10 10/11p ordinary CFD increasing a short position 2 2.9861 GBP
10 10/11p ordinary CFD increasing a short position 5,658 2.9868 GBP
10 10/11p ordinary CFD increasing a short position 19,716 2.9870 GBP
10 10/11p ordinary CFD increasing a short position 14 2.9904 GBP
10 10/11p ordinary CFD increasing a short position 692 2.9907 GBP
10 10/11p ordinary CFD increasing a short position 304 2.9911 GBP
10 10/11p ordinary CFD increasing a short position 89 2.9912 GBP
10 10/11p ordinary CFD increasing a short position 317 2.9914 GBP
10 10/11p ordinary CFD increasing a short position 199 2.9960 GBP
10 10/11p ordinary CFD increasing a short position 2,670 2.9972 GBP
10 10/11p ordinary CFD increasing a short position 1,169 2.9986 GBP
10 10/11p ordinary CFD increasing a short position 4,689 2.9997 GBP
10 10/11p ordinary CFD increasing a short position 369 3.0000 GBP
10 10/11p ordinary CFD increasing a short position 100 3.0043 GBP
10 10/11p ordinary CFD reducing a long position 21,121 2.9840 GBP
10 10/11p ordinary CFD reducing a long position 133 2.9857 GBP
10 10/11p ordinary CFD reducing a long position 2,313 2.9902 GBP
10 10/11p ordinary CFD reducing a long position 30 3.0100 GBP
10 10/11p ordinary CFD reducing a short position 3,489 2.9838 GBP
10 10/11p ordinary CFD reducing a short position 34 2.9840 GBP
10 10/11p ordinary CFD reducing a short position 51,957 2.9888 GBP
10 10/11p ordinary CFD reducing a short position 7,937 2.9923 GBP
10 10/11p ordinary CFD reducing a short position 348 2.9972 GBP
10 10/11p ordinary CFD reducing a short position 2,477 2.9981 GBP
10 10/11p ordinary CFD reducing a short position 1,061 3.0010 GBP
10 10/11p ordinary CFD reducing a short position 55,947 3.0027 GBP
10 10/11p ordinary CFD reducing a short position 5,906 3.0039 GBP
10 10/11p ordinary CFD reducing a short position 8,495 3.0048 GBP
10 10/11p ordinary CFD reducing a short position 600 3.0091 GBP
10 10/11p ordinary CFD reducing a short position 192 3.0100 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: 29 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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