REG - Morgan Stanley & Co. Direct Line Ins Grp - Form 8.5 (EPT/RI)-Replacement of Direct Line
13/03/2024 16:15
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RNS Number : 7522G Morgan Stanley & Co. Int'l plc 13 March 2024
AMENDMENT(2(a), 2(b), 2(c)(i))
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: 06 March 2024
(e) In addition to the company in 1(b) above, is the exempt principal trader YES - Ageas SA NV
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
Ordinary 10 10/11p PURCHASES 6,404,117 2.1959 GBP 2.1452 GBP
Ordinary 10 10/11p SALES 5,029,598 2.1960 GBP 2.1420 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
Ordinary 10 10/11p CFD increasing a long position 529 2.1630 GBP
Ordinary 10 10/11p CFD increasing a long position 13 2.1630 GBP
Ordinary 10 10/11p CFD increasing a long position 8,093 2.1665 GBP
Ordinary 10 10/11p CFD increasing a long position 12,715 2.1698 GBP
Ordinary 10 10/11p CFD increasing a long position 110,741 2.1698 GBP
Ordinary 10 10/11p CFD increasing a long position 14,164 2.1705 GBP
Ordinary 10 10/11p CFD increasing a long position 17,923 2.1726 GBP
Ordinary 10 10/11p CFD increasing a long position 30,955 2.1745 GBP
Ordinary 10 10/11p CFD increasing a long position 675 2.1770 GBP
Ordinary 10 10/11p CFD increasing a short position 223 2.1507 GBP
Ordinary 10 10/11p CFD increasing a short position 11 2.1599 GBP
Ordinary 10 10/11p CFD increasing a short position 3,993 2.1624 GBP
Ordinary 10 10/11p CFD increasing a short position 96,260 2.1630 GBP
Ordinary 10 10/11p CFD increasing a short position 23,488 2.1630 GBP
Ordinary 10 10/11p CFD increasing a short position 25,898 2.1636 GBP
Ordinary 10 10/11p CFD increasing a short position 3,207 2.1661 GBP
Ordinary 10 10/11p CFD increasing a short position 96,754 2.1662 GBP
Ordinary 10 10/11p CFD increasing a short position 2,576 2.1663 GBP
Ordinary 10 10/11p CFD increasing a short position 8,265 2.1672 GBP
Ordinary 10 10/11p CFD increasing a short position 400,863 2.1690 GBP
Ordinary 10 10/11p CFD increasing a short position 68,940 2.1690 GBP
Ordinary 10 10/11p CFD increasing a short position 6,710 2.1690 GBP
Ordinary 10 10/11p CFD increasing a short position 445,197 2.1690 GBP
Ordinary 10 10/11p CFD increasing a short position 859 2.1705 GBP
Ordinary 10 10/11p CFD increasing a short position 504 2.1709 GBP
Ordinary 10 10/11p CFD increasing a short position 4,387 2.1713 GBP
Ordinary 10 10/11p CFD increasing a short position 3,957 2.1719 GBP
Ordinary 10 10/11p CFD increasing a short position 10,796 2.1719 GBP
Ordinary 10 10/11p CFD increasing a short position 2,644 2.1719 GBP
Ordinary 10 10/11p CFD increasing a short position 58,127 2.1719 GBP
Ordinary 10 10/11p CFD increasing a short position 7,247 2.1719 GBP
Ordinary 10 10/11p CFD increasing a short position 239,759 2.1719 GBP
Ordinary 10 10/11p CFD increasing a short position 200 2.1722 GBP
Ordinary 10 10/11p CFD increasing a short position 8,076 2.1728 GBP
Ordinary 10 10/11p CFD increasing a short position 7,243 2.1733 GBP
Ordinary 10 10/11p CFD increasing a short position 239,759 2.1733 GBP
Ordinary 10 10/11p CFD increasing a short position 10,796 2.1733 GBP
Ordinary 10 10/11p CFD increasing a short position 3,952 2.1733 GBP
Ordinary 10 10/11p CFD increasing a short position 2,644 2.1733 GBP
Ordinary 10 10/11p CFD increasing a short position 58,121 2.1733 GBP
Ordinary 10 10/11p CFD increasing a short position 4,766 2.1736 GBP
Ordinary 10 10/11p CFD increasing a short position 463,685 2.1744 GBP
Ordinary 10 10/11p CFD increasing a short position 40,979 2.1752 GBP
Ordinary 10 10/11p CFD increasing a short position 528 2.1753 GBP
Ordinary 10 10/11p CFD increasing a short position 790 2.1753 GBP
Ordinary 10 10/11p CFD increasing a short position 47,952 2.1753 GBP
Ordinary 10 10/11p CFD increasing a short position 11,625 2.1753 GBP
Ordinary 10 10/11p CFD increasing a short position 2,160 2.1753 GBP
Ordinary 10 10/11p CFD increasing a short position 1,449 2.1753 GBP
Ordinary 10 10/11p CFD increasing a short position 11,871 2.1762 GBP
Ordinary 10 10/11p CFD increasing a short position 174,376 2.1762 GBP
Ordinary 10 10/11p CFD increasing a short position 719,276 2.1762 GBP
Ordinary 10 10/11p CFD increasing a short position 21,740 2.1762 GBP
Ordinary 10 10/11p CFD increasing a short position 7,930 2.1762 GBP
Ordinary 10 10/11p CFD increasing a short position 32,386 2.1762 GBP
Ordinary 10 10/11p CFD increasing a short position 1,500 2.1770 GBP
Ordinary 10 10/11p CFD increasing a short position 4,934 2.1775 GBP
Ordinary 10 10/11p CFD increasing a short position 2,166 2.1830 GBP
Ordinary 10 10/11p CFD increasing a short position 6,486 2.1846 GBP
Ordinary 10 10/11p CFD increasing a short position 50,217 2.1846 GBP
Ordinary 10 10/11p CFD increasing a short position 32,942 2.1850 GBP
Ordinary 10 10/11p CFD increasing a short position 10,355 2.1850 GBP
Ordinary 10 10/11p CFD increasing a short position 2,619 2.1959 GBP
Ordinary 10 10/11p CFD reducing a long position 8,320 2.1630 GBP
Ordinary 10 10/11p CFD reducing a long position 1,257 2.1630 GBP
Ordinary 10 10/11p CFD reducing a long position 8,618 2.1630 GBP
Ordinary 10 10/11p CFD reducing a long position 5,147 2.1775 GBP
Ordinary 10 10/11p CFD reducing a long position 28,456 2.1787 GBP
Ordinary 10 10/11p CFD reducing a long position 553 2.1860 GBP
Ordinary 10 10/11p CFD reducing a short position 2,259,275 2.1420 GBP
Ordinary 10 10/11p CFD reducing a short position 223 2.1493 GBP
Ordinary 10 10/11p CFD reducing a short position 100,000 2.1505 GBP
Ordinary 10 10/11p CFD reducing a short position 546 2.1628 GBP
Ordinary 10 10/11p CFD reducing a short position 64,101 2.1630 GBP
Ordinary 10 10/11p CFD reducing a short position 971 2.1630 GBP
Ordinary 10 10/11p CFD reducing a short position 2,695 2.1630 GBP
Ordinary 10 10/11p CFD reducing a short position 1,960 2.1630 GBP
Ordinary 10 10/11p CFD reducing a short position 873 2.1630 GBP
Ordinary 10 10/11p CFD reducing a short position 2,014 2.1630 GBP
Ordinary 10 10/11p CFD reducing a short position 139,825 2.1673 GBP
Ordinary 10 10/11p CFD reducing a short position 76 2.1715 GBP
Ordinary 10 10/11p CFD reducing a short position 7,889 2.1715 GBP
Ordinary 10 10/11p CFD reducing a short position 30,600 2.1718 GBP
Ordinary 10 10/11p CFD reducing a short position 4,009 2.1720 GBP
Ordinary 10 10/11p CFD reducing a short position 59,195 2.1747 GBP
Ordinary 10 10/11p CFD reducing a short position 6,710 2.1798 GBP
Ordinary 10 10/11p CFD reducing a short position 2,535 2.1813 GBP
Ordinary 10 10/11p CFD reducing a short position 22,746 2.1814 GBP
Ordinary 10 10/11p CFD reducing a short position 92 2.1830 GBP
Ordinary 10 10/11p CFD reducing a short position 2,166 2.1876 GBP
Ordinary 10 10/11p CFD reducing a short position 357 2.1890 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.
Ordinary 10 10/11p CALL PURCHASING 521,394 260.6420 E 05/06/2024 0.0335 GBP
(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: 13 March 2024
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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