REG - Morgan Stanley & Co. Direct Line Ins Grp - Form 8.5 (EPT/RI) - Replacement of Direct Line
07/04/2025 15:15
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RNS Number : 9764D Morgan Stanley & Co. Int'l plc 07 April 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 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: 02 April 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 780,301 2.8440 GBP 2.8060 GBP
10 10/11p ordinary SALES 670,016 2.8441 GBP 2.8056 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 short position 17,326 2.8089 GBP
10 10/11p ordinary CFD increasing a short position 91,142 2.8089 GBP
10 10/11p ordinary CFD increasing a short position 10,254 2.8089 GBP
10 10/11p ordinary CFD increasing a short position 1,204 2.8089 GBP
10 10/11p ordinary CFD increasing a short position 13,384 2.8089 GBP
10 10/11p ordinary CFD increasing a short position 5,257 2.8094 GBP
10 10/11p ordinary CFD increasing a short position 16,286 2.8124 GBP
10 10/11p ordinary CFD increasing a short position 498 2.8124 GBP
10 10/11p ordinary CFD increasing a short position 3 2.8133 GBP
10 10/11p ordinary CFD increasing a short position 94 2.8143 GBP
10 10/11p ordinary CFD increasing a short position 1,746 2.8169 GBP
10 10/11p ordinary CFD increasing a short position 53 2.8170 GBP
10 10/11p ordinary CFD increasing a short position 12,333 2.8193 GBP
10 10/11p ordinary CFD increasing a short position 378 2.8193 GBP
10 10/11p ordinary CFD increasing a short position 7,820 2.8223 GBP
10 10/11p ordinary CFD increasing a short position 239 2.8223 GBP
10 10/11p ordinary CFD increasing a short position 193 2.8232 GBP
10 10/11p ordinary CFD increasing a short position 5 2.8240 GBP
10 10/11p ordinary CFD increasing a short position 3,867 2.8258 GBP
10 10/11p ordinary CFD increasing a short position 1,202 2.8280 GBP
10 10/11p ordinary CFD increasing a short position 17,023 2.8315 GBP
10 10/11p ordinary CFD increasing a short position 93 2.8345 GBP
10 10/11p ordinary CFD increasing a short position 2,465 2.8361 GBP
10 10/11p ordinary CFD increasing a short position 110,839 2.8435 GBP
10 10/11p ordinary CFD reducing a long position 803 2.8191 GBP
10 10/11p ordinary CFD reducing a long position 2,133 2.8248 GBP
10 10/11p ordinary CFD reducing a long position 22,660 2.8359 GBP
10 10/11p ordinary CFD reducing a long position 387 2.8440 GBP
10 10/11p ordinary CFD reducing a long position 8,787 2.8440 GBP
10 10/11p ordinary CFD reducing a long position 3,162 2.8440 GBP
10 10/11p ordinary CFD reducing a short position 48,311 2.8056 GBP
10 10/11p ordinary CFD reducing a short position 59,133 2.8117 GBP
10 10/11p ordinary CFD reducing a short position 7,626 2.8183 GBP
10 10/11p ordinary CFD reducing a short position 2,743 2.8187 GBP
10 10/11p ordinary CFD reducing a short position 2,092 2.8231 GBP
10 10/11p ordinary CFD reducing a short position 796 2.8240 GBP
10 10/11p ordinary CFD reducing a short position 314 2.8242 GBP
10 10/11p ordinary CFD reducing a short position 19,757 2.8289 GBP
10 10/11p ordinary CFD reducing a short position 82,949 2.8356 GBP
10 10/11p ordinary CFD reducing a short position 5,433 2.8369 GBP
10 10/11p ordinary CFD reducing a short position 4,188 2.8440 GBP
10 10/11p ordinary CFD reducing a short position 57 2.8440 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: 07 April 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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