Source - LSE Regulatory
RNS Number : 1973O
Morgan Stanley & Co. Int'l plc
29 November 2024
 

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:

28 November 2024

(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

PURCHASES

6,925,591

2.3000 GBP

2.1020 GBP

10 10/11p ordinary

SALES

12,807,810

2.3000 GBP

2.1508 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

1,585,850

2.2418 GBP

10 10/11p ordinary

CFD

increasing a short position

829

2.1680 GBP

10 10/11p ordinary

CFD

increasing a short position

3,273

2.1715 GBP

10 10/11p ordinary

CFD

increasing a short position

5,000

2.1813 GBP

10 10/11p ordinary

CFD

increasing a short position

6,692

2.2247 GBP

10 10/11p ordinary

CFD

increasing a short position

1,401

2.2311 GBP

10 10/11p ordinary

CFD

increasing a short position

53,428

2.2326 GBP

10 10/11p ordinary

CFD

increasing a short position

7,305

2.2333 GBP

10 10/11p ordinary

CFD

increasing a short position

26,780

2.2340 GBP

10 10/11p ordinary

CFD

increasing a short position

2,249

2.2371 GBP

10 10/11p ordinary

CFD

increasing a short position

240

2.2378 GBP

10 10/11p ordinary

CFD

increasing a short position

6,072

2.2433 GBP

10 10/11p ordinary

CFD

increasing a short position

852

2.2433 GBP

10 10/11p ordinary

CFD

increasing a short position

526

2.2440 GBP

10 10/11p ordinary

CFD

increasing a short position

7,451

2.2440 GBP

10 10/11p ordinary

CFD

increasing a short position

802

2.2440 GBP

10 10/11p ordinary

CFD

increasing a short position

68,973

2.2440 GBP

10 10/11p ordinary

CFD

increasing a short position

88,104

2.2441 GBP

10 10/11p ordinary

CFD

increasing a short position

67,622

2.2464 GBP

10 10/11p ordinary

CFD

increasing a short position

727,436

2.2506 GBP

10 10/11p ordinary

CFD

increasing a short position

71,454

2.2621 GBP

10 10/11p ordinary

CFD

increasing a short position

41,822

2.2705 GBP

10 10/11p ordinary

CFD

increasing a short position

2,271

2.2723 GBP

10 10/11p ordinary

CFD

increasing a short position

2,067

2.2902 GBP

10 10/11p ordinary

CFD

increasing a short position

591

2.2921 GBP

10 10/11p ordinary

CFD

reducing a long position

157,422

2.1647 GBP

10 10/11p ordinary

CFD

reducing a long position

64,791

2.2418 GBP

10 10/11p ordinary

CFD

reducing a long position

4,532

2.2440 GBP

10 10/11p ordinary

CFD

reducing a long position

3,088

2.2440 GBP

10 10/11p ordinary

CFD

reducing a long position

34,468

2.2440 GBP

10 10/11p ordinary

CFD

reducing a long position

48,876

2.2475 GBP

10 10/11p ordinary

CFD

reducing a short position

34,750

2.1534 GBP

10 10/11p ordinary

CFD

reducing a short position

22,499

2.1534 GBP

10 10/11p ordinary

CFD

reducing a short position

34,750

2.1543 GBP

10 10/11p ordinary

CFD

reducing a short position

22,499

2.1543 GBP

10 10/11p ordinary

CFD

reducing a short position

28,324

2.1745 GBP

10 10/11p ordinary

CFD

reducing a short position

5,000

2.1780 GBP

10 10/11p ordinary

CFD

reducing a short position

9,002

2.1893 GBP

10 10/11p ordinary

CFD

reducing a short position

27,800

2.1893 GBP

10 10/11p ordinary

CFD

reducing a short position

32,491

2.2068 GBP

10 10/11p ordinary

CFD

reducing a short position

69,170

2.2097 GBP

10 10/11p ordinary

CFD

reducing a short position

50,000

2.2280 GBP

10 10/11p ordinary

CFD

reducing a short position

3,100

2.2285 GBP

10 10/11p ordinary

CFD

reducing a short position

6,115

2.2288 GBP

10 10/11p ordinary

CFD

reducing a short position

19,124

2.2339 GBP

10 10/11p ordinary

CFD

reducing a short position

400

2.2340 GBP

10 10/11p ordinary

CFD

reducing a short position

181,556

2.2373 GBP

10 10/11p ordinary

CFD

reducing a short position

53,380

2.2416 GBP

10 10/11p ordinary

CFD

reducing a short position

92,444

2.2422 GBP

10 10/11p ordinary

CFD

reducing a short position

37,393

2.2429 GBP

10 10/11p ordinary

CFD

reducing a short position

2,873

2.2438 GBP

10 10/11p ordinary

CFD

reducing a short position

30,200

2.2440 GBP

10 10/11p ordinary

CFD

reducing a short position

101,620

2.2440 GBP

10 10/11p ordinary

CFD

reducing a short position

48,593

2.2440 GBP

10 10/11p ordinary

CFD

reducing a short position

184,426

2.2440 GBP

10 10/11p ordinary

CFD

reducing a short position

2,653

2.2453 GBP

10 10/11p ordinary

CFD

reducing a short position

2,920,458

2.2494 GBP

10 10/11p ordinary

CFD

reducing a short position

1,279,542

2.2494 GBP

10 10/11p ordinary

CFD

reducing a short position

659,096

2.2505 GBP

10 10/11p ordinary

CFD

reducing a short position

375,183

2.2506 GBP

10 10/11p ordinary

CFD

reducing a short position

17,760

2.2507 GBP

10 10/11p ordinary

CFD

reducing a short position

67,827

2.2566 GBP

10 10/11p ordinary

CFD

reducing a short position

60,000

2.2567 GBP

10 10/11p ordinary

CFD

reducing a short position

300,000

2.2596 GBP

10 10/11p ordinary

CFD

reducing a short position

16,904

2.2665 GBP

10 10/11p ordinary

CFD

reducing a short position

222,206

2.2757 GBP

10 10/11p ordinary

CFD

reducing a short position

138,745

2.2800 GBP

10 10/11p ordinary

CFD

reducing a short position

246,143

2.2830 GBP

10 10/11p ordinary

CFD

reducing a short position

1,069

2.2875 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

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:

29 November 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.

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