REG - Morgan Stanley & Co. Direct Line Ins Grp - Form 8.5 (EPT/RI) - Direct Line Insurance Group
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RNS Number : 5792J Morgan Stanley & Co. Int'l plc 21 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: 20 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 1,241,347 3.0000 GBP 2.9390 GBP
10 10/11p ordinary SALES 853,350 3.0001 GBP 2.9380 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 194 2.9635 GBP
10 10/11p ordinary CFD increasing a long position 15 2.9856 GBP
10 10/11p ordinary CFD increasing a long position 4,073 2.9911 GBP
10 10/11p ordinary CFD increasing a long position 13,466 2.9935 GBP
10 10/11p ordinary CFD increasing a short position 5,370 2.9540 GBP
10 10/11p ordinary CFD increasing a short position 4,000 2.9684 GBP
10 10/11p ordinary CFD increasing a short position 50,870 2.9703 GBP
10 10/11p ordinary CFD increasing a short position 20,805 2.9738 GBP
10 10/11p ordinary CFD increasing a short position 68,940 2.9778 GBP
10 10/11p ordinary CFD increasing a short position 181,336 2.9791 GBP
10 10/11p ordinary CFD increasing a short position 5,204 2.9798 GBP
10 10/11p ordinary CFD increasing a short position 345 2.9879 GBP
10 10/11p ordinary CFD increasing a short position 4,013 2.9941 GBP
10 10/11p ordinary CFD increasing a short position 7,685 2.9949 GBP
10 10/11p ordinary CFD increasing a short position 58,308 2.9951 GBP
10 10/11p ordinary CFD increasing a short position 1,769 2.9955 GBP
10 10/11p ordinary CFD increasing a short position 1,209 3.0000 GBP
10 10/11p ordinary CFD increasing a short position 12 3.0000 GBP
10 10/11p ordinary CFD reducing a long position 37,813 2.9790 GBP
10 10/11p ordinary CFD reducing a long position 4,021 2.9805 GBP
10 10/11p ordinary CFD reducing a long position 11,591 2.9806 GBP
10 10/11p ordinary CFD reducing a long position 324 2.9807 GBP
10 10/11p ordinary CFD reducing a long position 5,272 2.9831 GBP
10 10/11p ordinary CFD reducing a long position 345 2.9875 GBP
10 10/11p ordinary CFD reducing a long position 13,369 2.9879 GBP
10 10/11p ordinary CFD reducing a long position 88 2.9882 GBP
10 10/11p ordinary CFD reducing a long position 13,162 2.9963 GBP
10 10/11p ordinary CFD reducing a long position 13,466 3.0000 GBP
10 10/11p ordinary CFD reducing a long position 58,040 3.0000 GBP
10 10/11p ordinary CFD reducing a short position 1,216 2.9398 GBP
10 10/11p ordinary CFD reducing a short position 1,379 2.9438 GBP
10 10/11p ordinary CFD reducing a short position 2,596 2.9469 GBP
10 10/11p ordinary CFD reducing a short position 4,009 2.9506 GBP
10 10/11p ordinary CFD reducing a short position 537 2.9515 GBP
10 10/11p ordinary CFD reducing a short position 63 2.9517 GBP
10 10/11p ordinary CFD reducing a short position 3,591 2.9532 GBP
10 10/11p ordinary CFD reducing a short position 1,021 2.9618 GBP
10 10/11p ordinary CFD reducing a short position 618 2.9625 GBP
10 10/11p ordinary CFD reducing a short position 1,873 2.9656 GBP
10 10/11p ordinary CFD reducing a short position 167 2.9659 GBP
10 10/11p ordinary CFD reducing a short position 4,270 2.9677 GBP
10 10/11p ordinary CFD reducing a short position 1,870 2.9678 GBP
10 10/11p ordinary CFD reducing a short position 10,530 2.9696 GBP
10 10/11p ordinary CFD reducing a short position 605 2.9698 GBP
10 10/11p ordinary CFD reducing a short position 773 2.9778 GBP
10 10/11p ordinary CFD reducing a short position 1,654 2.9808 GBP
10 10/11p ordinary CFD reducing a short position 447 2.9818 GBP
10 10/11p ordinary CFD reducing a short position 6,275 2.9822 GBP
10 10/11p ordinary CFD reducing a short position 1,658 2.9826 GBP
10 10/11p ordinary CFD reducing a short position 39,288 2.9833 GBP
10 10/11p ordinary CFD reducing a short position 5,543 2.9872 GBP
10 10/11p ordinary CFD reducing a short position 2,166 2.9883 GBP
10 10/11p ordinary CFD reducing a short position 1,301 2.9908 GBP
10 10/11p ordinary CFD reducing a short position 35,479 2.9998 GBP
10 10/11p ordinary CFD reducing a short position 466 3.0000 GBP
10 10/11p ordinary CFD reducing a short position 24,377 3.0000 GBP
10 10/11p ordinary CFD reducing a short position 226 3.0000 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: 21 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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