RNS Number : 4509S
Morgan Stanley & Co. Int'l plc
07 January 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

Aviva 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:

03 January 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-Direct Line Insurance Group 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

32 17/19p ordinary

SALES

1,389,649

4.7700 GBP

4.6915 GBP

32 17/19p ordinary

PURCHASES

2,945,102

4.7730 GBP

4.7310 GBP

32 17/19p ordinary

SALES

196,182

5.7235 EUR

5.7234 EUR

32 17/19p ordinary

PURCHASES

878

5.8953 USD

5.8953 USD

 

(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

32 17/19p ordinary

CFD

increasing a long position

36,843

4.6915 GBP

32 17/19p ordinary

CFD

increasing a long position

270

4.6915 GBP

32 17/19p ordinary

CFD

increasing a long position

4,100

4.6915 GBP

32 17/19p ordinary

CFD

increasing a long position

5,100

4.6915 GBP

32 17/19p ordinary

CFD

increasing a long position

400

4.6915 GBP

32 17/19p ordinary

CFD

increasing a long position

2,600

4.6915 GBP

32 17/19p ordinary

CFD

increasing a long position

57,340

4.7346 GBP

32 17/19p ordinary

CFD

increasing a long position

12,872

4.7442 GBP

32 17/19p ordinary

CFD

increasing a long position

58,232

4.7443 GBP

32 17/19p ordinary

CFD

increasing a long position

41,732

4.7443 GBP

32 17/19p ordinary

CFD

increasing a long position

11,007

4.7443 GBP

32 17/19p ordinary

CFD

increasing a long position

13,349

4.7443 GBP

32 17/19p ordinary

CFD

increasing a long position

8,845

4.7443 GBP

32 17/19p ordinary

CFD

increasing a long position

4,671

4.7448 GBP

32 17/19p ordinary

CFD

increasing a long position

39,904

4.7449 GBP

32 17/19p ordinary

CFD

increasing a long position

25,218

4.7450 GBP

32 17/19p ordinary

CFD

increasing a long position

79,319

4.7450 GBP

32 17/19p ordinary

CFD

increasing a long position

17,272

4.7474 GBP

32 17/19p ordinary

CFD

increasing a long position

4,092

4.7502 GBP

32 17/19p ordinary

CFD

increasing a long position

11,726

4.7516 GBP

32 17/19p ordinary

CFD

increasing a long position

71,675

4.7526 GBP

32 17/19p ordinary

CFD

increasing a long position

4,984

4.7551 GBP

32 17/19p ordinary

CFD

increasing a long position

7,628

4.7628 GBP

32 17/19p ordinary

CFD

increasing a long position

71,765

4.7661 GBP

32 17/19p ordinary

CFD

increasing a short position

275

4.7310 GBP

32 17/19p ordinary

CFD

increasing a short position

708

4.7426 GBP

32 17/19p ordinary

CFD

increasing a short position

23,766

4.7441 GBP

32 17/19p ordinary

CFD

increasing a short position

70,377

4.7446 GBP

32 17/19p ordinary

CFD

increasing a short position

5,243

4.7448 GBP

32 17/19p ordinary

CFD

increasing a short position

79,319

4.7450 GBP

32 17/19p ordinary

CFD

increasing a short position

2,044

4.7451 GBP

32 17/19p ordinary

CFD

increasing a short position

41,295

4.7457 GBP

32 17/19p ordinary

CFD

increasing a short position

4,935

4.7457 GBP

32 17/19p ordinary

CFD

increasing a short position

18,863

4.7457 GBP

32 17/19p ordinary

CFD

increasing a short position

152

4.7484 GBP

32 17/19p ordinary

CFD

increasing a short position

332

4.7486 GBP

32 17/19p ordinary

CFD

increasing a short position

288

4.7489 GBP

32 17/19p ordinary

CFD

increasing a short position

878

4.7489 GBP

32 17/19p ordinary

CFD

increasing a short position

303,834

4.7490 GBP

32 17/19p ordinary

CFD

increasing a short position

1,024

4.7492 GBP

32 17/19p ordinary

CFD

increasing a short position

270,542

4.7494 GBP

32 17/19p ordinary

CFD

increasing a short position

800

4.7496 GBP

32 17/19p ordinary

CFD

increasing a short position

685

4.7498 GBP

32 17/19p ordinary

CFD

increasing a short position

46,290

4.7501 GBP

32 17/19p ordinary

CFD

increasing a short position

16,730

4.7507 GBP

32 17/19p ordinary

CFD

increasing a short position

7,693

4.7508 GBP

32 17/19p ordinary

CFD

increasing a short position

12

4.7508 GBP

32 17/19p ordinary

CFD

increasing a short position

89

4.7513 GBP

32 17/19p ordinary

CFD

increasing a short position

86

4.7521 GBP

32 17/19p ordinary

CFD

increasing a short position

20,632

4.7540 GBP

32 17/19p ordinary

CFD

increasing a short position

24,100

4.7566 GBP

32 17/19p ordinary

CFD

increasing a short position

77,997

4.7580 GBP

32 17/19p ordinary

CFD

increasing a short position

194

4.7615 GBP

32 17/19p ordinary

CFD

increasing a short position

15

4.7620 GBP

32 17/19p ordinary

CFD

increasing a short position

7,200

4.7679 GBP

32 17/19p ordinary

CFD

reducing a long position

20

4.7310 GBP

32 17/19p ordinary

CFD

reducing a long position

906

4.7340 GBP

32 17/19p ordinary

CFD

reducing a long position

26,130

4.7441 GBP

32 17/19p ordinary

CFD

reducing a long position

217,500

4.7442 GBP

32 17/19p ordinary

CFD

reducing a long position

14,260

4.7446 GBP

32 17/19p ordinary

CFD

reducing a long position

15,362

4.7450 GBP

32 17/19p ordinary

CFD

reducing a long position

1,732

4.7450 GBP

32 17/19p ordinary

CFD

reducing a long position

301

4.7450 GBP

32 17/19p ordinary

CFD

reducing a long position

4,671

4.7450 GBP

32 17/19p ordinary

CFD

reducing a long position

339

4.7450 GBP

32 17/19p ordinary

CFD

reducing a long position

337

4.7450 GBP

32 17/19p ordinary

CFD

reducing a long position

12,650

4.7486 GBP

32 17/19p ordinary

CFD

reducing a long position

442

4.7555 GBP

32 17/19p ordinary

CFD

reducing a long position

711,945

4.7650 GBP

32 17/19p ordinary

CFD

reducing a short position

1,742

4.7330 GBP

32 17/19p ordinary

CFD

reducing a short position

110

4.7436 GBP

32 17/19p ordinary

CFD

reducing a short position

1,519

4.7441 GBP

32 17/19p ordinary

CFD

reducing a short position

3,117

4.7441 GBP

32 17/19p ordinary

CFD

reducing a short position

1,842

4.7447 GBP

32 17/19p ordinary

CFD

reducing a short position

5,636

4.7447 GBP

32 17/19p ordinary

CFD

reducing a short position

156,278

4.7449 GBP

32 17/19p ordinary

CFD

reducing a short position

18,863

4.7450 GBP

32 17/19p ordinary

CFD

reducing a short position

25,672

4.7450 GBP

32 17/19p ordinary

CFD

reducing a short position

65

4.7450 GBP

32 17/19p ordinary

CFD

reducing a short position

275

4.7450 GBP

32 17/19p ordinary

CFD

reducing a short position

2,038

4.7458 GBP

32 17/19p ordinary

CFD

reducing a short position

1,588

4.7460 GBP

32 17/19p ordinary

CFD

reducing a short position

5,243

4.7471 GBP

32 17/19p ordinary

CFD

reducing a short position

52,447

4.7472 GBP

32 17/19p ordinary

CFD

reducing a short position

7,733

4.7479 GBP

32 17/19p ordinary

CFD

reducing a short position

23,651

4.7479 GBP

32 17/19p ordinary

CFD

reducing a short position

5,843

4.7493 GBP

32 17/19p ordinary

CFD

reducing a short position

44,411

4.7512 GBP

32 17/19p ordinary

CFD

reducing a short position

1,175

4.7555 GBP

32 17/19p ordinary

CFD

reducing a short position

203

4.7571 GBP

32 17/19p ordinary

CFD

reducing a short position

1,708

4.7571 GBP

32 17/19p ordinary

CFD

reducing a short position

907

4.7573 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:

07 January 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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