REG - Morgan Stanley & Co. Direct Line Ins Grp - Form 8.5 (EPT/RI)- Direct Line Insurance Group plc
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RNS Number : 5661O Morgan Stanley & Co. Int'l plc 26 June 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 June 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 1,497,293 3.0740 GBP 3.0520 GBP
10 10/11p ordinary SALES 1,905,247 3.0760 GBP 3.0580 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 21 3.0640 GBP
10 10/11p ordinary CFD increasing a long position 1,815 3.0640 GBP
10 10/11p ordinary CFD increasing a long position 6,183 3.0653 GBP
10 10/11p ordinary CFD increasing a long position 2,509 3.0653 GBP
10 10/11p ordinary CFD increasing a long position 730 3.0680 GBP
10 10/11p ordinary CFD increasing a long position 14,867 3.0681 GBP
10 10/11p ordinary CFD increasing a long position 4,679 3.0686 GBP
10 10/11p ordinary CFD increasing a short position 8 3.0627 GBP
10 10/11p ordinary CFD increasing a short position 3 3.0629 GBP
10 10/11p ordinary CFD increasing a short position 4 3.0637 GBP
10 10/11p ordinary CFD increasing a short position 25,963 3.0640 GBP
10 10/11p ordinary CFD increasing a short position 2,345 3.0640 GBP
10 10/11p ordinary CFD increasing a short position 17,692 3.0640 GBP
10 10/11p ordinary CFD increasing a short position 42,794 3.0640 GBP
10 10/11p ordinary CFD increasing a short position 88 3.0640 GBP
10 10/11p ordinary CFD increasing a short position 3,087 3.0640 GBP
10 10/11p ordinary CFD increasing a short position 11,399 3.0640 GBP
10 10/11p ordinary CFD increasing a short position 14,830 3.0640 GBP
10 10/11p ordinary CFD increasing a short position 434 3.0640 GBP
10 10/11p ordinary CFD increasing a short position 22,669 3.0640 GBP
10 10/11p ordinary CFD increasing a short position 301 3.0651 GBP
10 10/11p ordinary CFD increasing a short position 1,094 3.0660 GBP
10 10/11p ordinary CFD increasing a short position 5 3.0662 GBP
10 10/11p ordinary CFD increasing a short position 29,156 3.0671 GBP
10 10/11p ordinary CFD increasing a short position 9 3.0673 GBP
10 10/11p ordinary CFD reducing a long position 550 3.0640 GBP
10 10/11p ordinary CFD reducing a long position 47 3.0640 GBP
10 10/11p ordinary CFD reducing a long position 3,160 3.0640 GBP
10 10/11p ordinary CFD reducing a long position 5,362 3.0654 GBP
10 10/11p ordinary CFD reducing a long position 4,502 3.0665 GBP
10 10/11p ordinary CFD reducing a long position 7,929 3.0672 GBP
10 10/11p ordinary CFD reducing a long position 8,227 3.0672 GBP
10 10/11p ordinary CFD reducing a long position 8,889 3.0679 GBP
10 10/11p ordinary CFD reducing a long position 5,222 3.0717 GBP
10 10/11p ordinary CFD reducing a short position 140 3.0580 GBP
10 10/11p ordinary CFD reducing a short position 248 3.0608 GBP
10 10/11p ordinary CFD reducing a short position 744 3.0618 GBP
10 10/11p ordinary CFD reducing a short position 49,267 3.0638 GBP
10 10/11p ordinary CFD reducing a short position 40 3.0640 GBP
10 10/11p ordinary CFD reducing a short position 330 3.0640 GBP
10 10/11p ordinary CFD reducing a short position 162,851 3.0642 GBP
10 10/11p ordinary CFD reducing a short position 1,566 3.0644 GBP
10 10/11p ordinary CFD reducing a short position 5 3.0653 GBP
10 10/11p ordinary CFD reducing a short position 13 3.0653 GBP
10 10/11p ordinary CFD reducing a short position 2,869 3.0653 GBP
10 10/11p ordinary CFD reducing a short position 4,700 3.0654 GBP
10 10/11p ordinary CFD reducing a short position 8,491 3.0654 GBP
10 10/11p ordinary CFD reducing a short position 681 3.0661 GBP
10 10/11p ordinary CFD reducing a short position 39,790 3.0668 GBP
10 10/11p ordinary CFD reducing a short position 10,596 3.0670 GBP
10 10/11p ordinary CFD reducing a short position 1,065 3.0672 GBP
10 10/11p ordinary CFD reducing a short position 567 3.0674 GBP
10 10/11p ordinary CFD reducing a short position 1,329 3.0674 GBP
10 10/11p ordinary CFD reducing a short position 641 3.0677 GBP
10 10/11p ordinary CFD reducing a short position 2,734 3.0678 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: 26 June 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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