REG - Morgan Stanley & Co. RSA Ins Grp - Form 8.5 (EPT/RI)-Replacement of RSA INSURANCE GRP
RNS Number : 2092GMorgan Stanley & Co. Int'l plc23 November 2020AMENDMENT(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
RSA Insurance Group plc
(c) Name of the party to the offer with which exempt principal trader is connected:
A consortium of Intact Financial Corporation and Tryg A/S
(d) Date dealing undertaken:
18 November 2020
(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"
NO
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
100p ordinary
SALES
23,993,204
6.7680 GBP
6.7060 GBP
100p ordinary
PURCHASES
30,752,636
6.7687 GBP
6.7034 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
100p ordinary
CFD
LONG
893,578
6.7156 GBP
100p ordinary
CFD
LONG
197,000
6.7160 GBP
100p ordinary
CFD
LONG
24,386
6.7170 GBP
100p ordinary
CFD
LONG
93,012
6.7170 GBP
100p ordinary
CFD
LONG
111,108
6.7173 GBP
100p ordinary
CFD
LONG
4,700
6.7173 GBP
100p ordinary
CFD
LONG
47,524
6.7198 GBP
100p ordinary
CFD
LONG
7,000
6.7200 GBP
100p ordinary
CFD
LONG
405,257
6.7200 GBP
100p ordinary
CFD
LONG
12,000
6.7200 GBP
100p ordinary
CFD
LONG
980
6.7210 GBP
100p ordinary
CFD
LONG
3,697
6.7220 GBP
100p ordinary
CFD
LONG
733
6.7220 GBP
100p ordinary
CFD
LONG
80,745
6.7224 GBP
100p ordinary
CFD
LONG
100,000
6.7233 GBP
100p ordinary
CFD
LONG
485,458
6.7239 GBP
100p ordinary
CFD
LONG
431,966
6.7239 GBP
100p ordinary
CFD
LONG
3,704
6.7242 GBP
100p ordinary
CFD
LONG
10,000
6.7260 GBP
100p ordinary
CFD
LONG
58,394
6.7268 GBP
100p ordinary
CFD
LONG
1,773
6.7269 GBP
100p ordinary
CFD
LONG
99,776
6.7306 GBP
100p ordinary
CFD
LONG
4,503
6.7308 GBP
100p ordinary
CFD
LONG
500,000
6.7339 GBP
100p ordinary
CFD
LONG
94,251
6.7339 GBP
100p ordinary
CFD
LONG
56,556
6.7346 GBP
100p ordinary
CFD
LONG
149,444
6.7346 GBP
100p ordinary
CFD
LONG
81,619
6.7372 GBP
100p ordinary
CFD
LONG
76,381
6.7373 GBP
100p ordinary
CFD
LONG
14,377
6.7401 GBP
100p ordinary
CFD
LONG
13,813
6.7424 GBP
100p ordinary
CFD
LONG
1,592
6.7427 GBP
100p ordinary
CFD
LONG
500,000
6.7503 GBP
100p ordinary
CFD
LONG
6,722
6.7526 GBP
100p ordinary
CFD
LONG
163,051
6.7528 GBP
100p ordinary
CFD
LONG
11,342
6.7530 GBP
100p ordinary
CFD
LONG
9,000
6.7546 GBP
100p ordinary
CFD
LONG
2,400
6.7553 GBP
100p ordinary
CFD
LONG
111
6.7680 GBP
100p ordinary
CFD
SHORT
200,000
6.7034 GBP
100p ordinary
CFD
SHORT
47,404
6.7080 GBP
100p ordinary
CFD
SHORT
24,250
6.7180 GBP
100p ordinary
CFD
SHORT
9,074
6.7180 GBP
100p ordinary
CFD
SHORT
39,874
6.7192 GBP
100p ordinary
CFD
SHORT
3,454
6.7197 GBP
100p ordinary
CFD
SHORT
301,092
6.7200 GBP
100p ordinary
CFD
SHORT
45,075
6.7206 GBP
100p ordinary
CFD
SHORT
522,280
6.7206 GBP
100p ordinary
CFD
SHORT
1,147
6.7213 GBP
100p ordinary
CFD
SHORT
158
6.7213 GBP
100p ordinary
CFD
SHORT
602
6.7213 GBP
100p ordinary
CFD
SHORT
2,964
6.7213 GBP
100p ordinary
CFD
SHORT
452
6.7213 GBP
100p ordinary
CFD
SHORT
10,000
6.7220 GBP
100p ordinary
CFD
SHORT
16,676
6.7221 GBP
100p ordinary
CFD
SHORT
51,000
6.7222 GBP
100p ordinary
CFD
SHORT
9,000
6.7222 GBP
100p ordinary
CFD
SHORT
1,028
6.7245 GBP
100p ordinary
CFD
SHORT
5,713
6.7257 GBP
100p ordinary
CFD
SHORT
75,008
6.7264 GBP
100p ordinary
CFD
SHORT
23,860
6.7265 GBP
100p ordinary
CFD
SHORT
68,750
6.7274 GBP
100p ordinary
CFD
SHORT
14,250
6.7274 GBP
100p ordinary
CFD
SHORT
8,026
6.7287 GBP
100p ordinary
CFD
SHORT
24,155
6.7291 GBP
100p ordinary
CFD
SHORT
35,851
6.7291 GBP
100p ordinary
CFD
SHORT
9,312
6.7291 GBP
100p ordinary
CFD
SHORT
5,199
6.7291 GBP
100p ordinary
CFD
SHORT
53,723
6.7301 GBP
100p ordinary
CFD
SHORT
4,800
6.7330 GBP
100p ordinary
CFD
SHORT
145,000
6.7330 GBP
100p ordinary
CFD
SHORT
53,852
6.7330 GBP
100p ordinary
CFD
SHORT
125,665
6.7331 GBP
100p ordinary
CFD
SHORT
129,676
6.7344 GBP
100p ordinary
CFD
SHORT
49,992
6.7344 GBP
100p ordinary
CFD
SHORT
27,914
6.7344 GBP
100p ordinary
CFD
SHORT
192,465
6.7344 GBP
100p ordinary
CFD
SHORT
197,857
6.7348 GBP
100p ordinary
CFD
SHORT
919,151
6.7348 GBP
100p ordinary
CFD
SHORT
354,344
6.7348 GBP
100p ordinary
CFD
SHORT
1,364,204
6.7348 GBP
100p ordinary
CFD
SHORT
33,592
6.7350 GBP
100p ordinary
CFD
SHORT
55,828
6.7354 GBP
100p ordinary
CFD
SHORT
384,931
6.7354 GBP
100p ordinary
CFD
SHORT
99,984
6.7354 GBP
100p ordinary
CFD
SHORT
259,352
6.7354 GBP
100p ordinary
CFD
SHORT
1,600
6.7366 GBP
100p ordinary
CFD
SHORT
1,556
6.7391 GBP
100p ordinary
CFD
SHORT
5,931
6.7391 GBP
100p ordinary
CFD
SHORT
11,286
6.7391 GBP
100p ordinary
CFD
SHORT
29,177
6.7391 GBP
100p ordinary
CFD
SHORT
4,449
6.7391 GBP
100p ordinary
CFD
SHORT
900
6.7401 GBP
100p ordinary
CFD
SHORT
43,235
6.7401 GBP
100p ordinary
CFD
SHORT
5,500
6.7401 GBP
100p ordinary
CFD
SHORT
400
6.7401 GBP
100p ordinary
CFD
SHORT
2,800
6.7401 GBP
100p ordinary
CFD
SHORT
104,097
6.7413 GBP
100p ordinary
CFD
SHORT
15,097
6.7413 GBP
100p ordinary
CFD
SHORT
27,039
6.7413 GBP
100p ordinary
CFD
SHORT
70,137
6.7413 GBP
100p ordinary
CFD
SHORT
176
6.7421 GBP
100p ordinary
CFD
SHORT
44,126
6.7447 GBP
100p ordinary
CFD
SHORT
3,808
6.7447 GBP
100p ordinary
CFD
SHORT
733
6.7449 GBP
100p ordinary
CFD
SHORT
10,200
6.7451 GBP
100p ordinary
CFD
SHORT
515,459
6.7451 GBP
100p ordinary
CFD
SHORT
4,600
6.7451 GBP
100p ordinary
CFD
SHORT
65,900
6.7451 GBP
100p ordinary
CFD
SHORT
33,100
6.7451 GBP
100p ordinary
CFD
SHORT
87,454
6.7454 GBP
100p ordinary
CFD
SHORT
156,622
6.7454 GBP
100p ordinary
CFD
SHORT
406,271
6.7454 GBP
100p ordinary
CFD
SHORT
602,987
6.7454 GBP
100p ordinary
CFD
SHORT
71,197
6.7514 GBP
100p ordinary
CFD
SHORT
95,180
6.7514 GBP
100p ordinary
CFD
SHORT
77,317
6.7514 GBP
100p ordinary
CFD
SHORT
5,425
6.7514 GBP
100p ordinary
CFD
SHORT
112,473
6.7514 GBP
100p ordinary
CFD
SHORT
27,908
6.7514 GBP
100p ordinary
CFD
SHORT
13,940
6.7514 GBP
100p ordinary
CFD
SHORT
92,962
6.7514 GBP
100p ordinary
CFD
SHORT
1,725
6.7514 GBP
100p ordinary
CFD
SHORT
1,873
6.7514 GBP
100p ordinary
CFD
SHORT
3,050
6.7528 GBP
100p ordinary
CFD
SHORT
29,701
6.7547 GBP
100p ordinary
CFD
SHORT
113,191
6.7547 GBP
100p ordinary
CFD
SHORT
215,392
6.7547 GBP
100p ordinary
CFD
SHORT
556,815
6.7547 GBP
100p ordinary
CFD
SHORT
84,901
6.7547 GBP
100p ordinary
CFD
SHORT
202,959
6.7615 GBP
100p ordinary
CFD
SHORT
27,986
6.7615 GBP
100p ordinary
CFD
SHORT
106,658
6.7615 GBP
100p ordinary
CFD
SHORT
524,675
6.7615 GBP
100p ordinary
CFD
SHORT
80,000
6.7615 GBP
100p ordinary
CFD
SHORT
1,206,058
6.7640 GBP
100p ordinary
CFD
SHORT
115,086
6.7670 GBP
100p ordinary
CFD
SHORT
3,697
6.7680 GBP
100p ordinary
CFD
SHORT
13,365
6.7680 GBP
100p ordinary
CFD
SHORT
5,417
6.7680 GBP
100p ordinary
CFD
SHORT
12,438
6.7680 GBP
100p ordinary
CFD
SHORT
8,200
6.7687 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
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
100p ordinary
CALL SHORT
EXERCISED AGAINST
76,000
4.6000 GBP
(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:
23 November 2020
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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