Morgan Stanley & Co. Direct Line Ins Grp - Form 8.5 (EPT/RI) - Replacement of Direct Line

Direct Line Insurance

24/06/2025 10:46

RNS Number : 8296O

Morgan Stanley & Co. Int'l plc

27 June 2025

 

AMENDMENT(2(a), 2(b))

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 relates:
Use a separate form for each offeror/offeree
Direct Line Insurance Group plc
(c) Name of the party to the offer with which exempt principal trader is connected:
Direct Line Insurance Group plc
(d) Date dealing undertaken:
23 June 2025
(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer?
If it is a cash offer or possible cash offer, state "N/A"
YES - Aviva Plc

 

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
2,999,192
3.0755 GBP
3.0500 GBP
10 10/11p ordinary
PURCHASES
32,604,844
3.0770 GBP
3.0500 GBP

 

(b)        Cash-settled derivative transactions

 

Class of relevant security
Product description
e.g. CFD
Nature of dealing
e.g. opening/closing a long/short position, increasing/reducing a long/short position
Number of reference securities
Price per unit
10 10/11p ordinary
CFD
increasing a long position
13,966
3.0620 GBP
10 10/11p ordinary
CFD
increasing a long position
1,732
3.0620 GBP
10 10/11p ordinary
CFD
increasing a long position
1,907
3.0620 GBP
10 10/11p ordinary
CFD
increasing a long position
1,356
3.0620 GBP
10 10/11p ordinary
CFD
increasing a long position
33
3.0633 GBP
10 10/11p ordinary
CFD
increasing a long position
36,441
3.0642 GBP
10 10/11p ordinary
CFD
increasing a long position
4,195
3.0658 GBP
10 10/11p ordinary
CFD
increasing a long position
171,148
3.0687 GBP
10 10/11p ordinary
CFD
increasing a short position
5,000
3.0580 GBP
10 10/11p ordinary
CFD
increasing a short position
1,883
3.0613 GBP
10 10/11p ordinary
CFD
increasing a short position
35,942
3.0620 GBP
10 10/11p ordinary
CFD
increasing a short position
92,506
3.0641 GBP
10 10/11p ordinary
CFD
increasing a short position
2,040
3.0651 GBP
10 10/11p ordinary
CFD
increasing a short position
10,662
3.0652 GBP
10 10/11p ordinary
CFD
increasing a short position
698
3.0652 GBP
10 10/11p ordinary
CFD
increasing a short position
2,058
3.0666 GBP
10 10/11p ordinary
CFD
increasing a short position
135,442
3.0738 GBP
10 10/11p ordinary
CFD
increasing a short position
387,711
3.0738 GBP
10 10/11p ordinary
CFD
increasing a short position
103,886
3.0738 GBP
10 10/11p ordinary
CFD
increasing a short position
21,274
3.0738 GBP
10 10/11p ordinary
CFD
increasing a short position
238,087
3.0738 GBP
10 10/11p ordinary
CFD
reducing a long position
6,735,525
3.0500 GBP
10 10/11p ordinary
CFD
reducing a long position
8,560,099
3.0500 GBP
10 10/11p ordinary
CFD
reducing a long position
243
3.0613 GBP
10 10/11p ordinary
CFD
reducing a long position
1,075
3.0620 GBP
10 10/11p ordinary
CFD
reducing a long position
5,716
3.0641 GBP
10 10/11p ordinary
CFD
reducing a long position
74,256
3.0647 GBP
10 10/11p ordinary
CFD
reducing a long position
3,021
3.0666 GBP
10 10/11p ordinary
CFD
reducing a short position
15
3.0500 GBP
10 10/11p ordinary
CFD
reducing a short position
282
3.0620 GBP
10 10/11p ordinary
CFD
reducing a short position
4,116
3.0620 GBP
10 10/11p ordinary
CFD
reducing a short position
2,738
3.0620 GBP
10 10/11p ordinary
CFD
reducing a short position
470
3.0620 GBP
10 10/11p ordinary
CFD
reducing a short position
848
3.0620 GBP
10 10/11p ordinary
CFD
reducing a short position
43
3.0622 GBP
10 10/11p ordinary
CFD
reducing a short position
6,969
3.0627 GBP
10 10/11p ordinary
CFD
reducing a short position
35,942
3.0633 GBP
10 10/11p ordinary
CFD
reducing a short position
450
3.0641 GBP
10 10/11p ordinary
CFD
reducing a short position
7,278
3.0643 GBP
10 10/11p ordinary
CFD
reducing a short position
3
3.0660 GBP
10 10/11p ordinary
CFD
reducing a short position
9,003
3.0663 GBP
10 10/11p ordinary
CFD
reducing a short position
13,141
3.0663 GBP
10 10/11p ordinary
CFD
reducing a short position
2,945
3.0664 GBP
10 10/11p ordinary
CFD
reducing a short position
55,949
3.0664 GBP
10 10/11p ordinary
CFD
reducing a short position
743,952
3.0687 GBP
10 10/11p ordinary
CFD
reducing a short position
171,148
3.0687 GBP
10 10/11p ordinary
CFD
reducing a short position
693,004
3.0687 GBP
10 10/11p ordinary
CFD
reducing a short position
480,930
3.0687 GBP
10 10/11p ordinary
CFD
reducing a short position
51,278
3.0687 GBP
10 10/11p ordinary
CFD
reducing a short position
278
3.0694 GBP

 

(c)        Stock-settled derivative transactions (including options)

 

(i)         Writing, selling, purchasing or varying

 

Class of relevant security
Product descriptione.g. call option
Writing, purchasing, selling, varying etc.
Number of securities to which option relates
Exercise price per unit
Type
e.g. American, European etc.
Expiry date
Option money paid/ received per unit
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A

 

(ii)        Exercise

 

Class of relevant security
Product description
e.g. call option
Exercising/ exercised against
Number of securities
Exercise price per unit
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
e.g. subscription, conversion
Details
Price per unit (if applicable)
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:
27 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.

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