RNS Number : 1480Z
Morgan Stanley & Co. Int'l plc
03 March 2025
 

AMENDMENT(2(a))

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:

27 February 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

7,325,118

5.4800 GBP

4.5535 GBP

32 17/19p ordinary

PURCHASES

8,202,353

5.4806 GBP

5.2060 GBP

32 17/19p ordinary

SALES

184,047

6.6309 EUR

6.6304 EUR

 

(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

8

5.3440 GBP

32 17/19p ordinary

CFD

increasing a long position

446

5.3542 GBP

32 17/19p ordinary

CFD

increasing a long position

16,576

5.3568 GBP

32 17/19p ordinary

CFD

increasing a long position

134,567

5.3636 GBP

32 17/19p ordinary

CFD

increasing a long position

78

5.3786 GBP

32 17/19p ordinary

CFD

increasing a long position

65,068

5.3874 GBP

32 17/19p ordinary

CFD

increasing a long position

2,900

5.3969 GBP

32 17/19p ordinary

CFD

increasing a long position

4,900

5.3969 GBP

32 17/19p ordinary

CFD

increasing a long position

4,000

5.3969 GBP

32 17/19p ordinary

CFD

increasing a long position

300

5.3969 GBP

32 17/19p ordinary

CFD

increasing a long position

25,760

5.3969 GBP

32 17/19p ordinary

CFD

increasing a long position

151

5.3969 GBP

32 17/19p ordinary

CFD

increasing a long position

19,801

5.4005 GBP

32 17/19p ordinary

CFD

increasing a long position

60,403

5.4005 GBP

32 17/19p ordinary

CFD

increasing a long position

44,352

5.4164 GBP

32 17/19p ordinary

CFD

increasing a long position

25,458

5.4520 GBP

32 17/19p ordinary

CFD

increasing a long position

57,369

5.4535 GBP

32 17/19p ordinary

CFD

increasing a long position

47,762

5.4671 GBP

32 17/19p ordinary

CFD

increasing a long position

66,922

5.4677 GBP

32 17/19p ordinary

CFD

increasing a long position

41,634

5.4680 GBP

32 17/19p ordinary

CFD

increasing a long position

11,946

5.4701 GBP

32 17/19p ordinary

CFD

increasing a short position

1,228,384

5.2060 GBP

32 17/19p ordinary

CFD

increasing a short position

117,980

5.3155 GBP

32 17/19p ordinary

CFD

increasing a short position

2,801

5.3466 GBP

32 17/19p ordinary

CFD

increasing a short position

6,400

5.3746 GBP

32 17/19p ordinary

CFD

increasing a short position

1,926

5.3800 GBP

32 17/19p ordinary

CFD

increasing a short position

6,400

5.3806 GBP

32 17/19p ordinary

CFD

increasing a short position

658

5.3988 GBP

32 17/19p ordinary

CFD

increasing a short position

9,028

5.4028 GBP

32 17/19p ordinary

CFD

increasing a short position

3,405

5.4050 GBP

32 17/19p ordinary

CFD

increasing a short position

83

5.4160 GBP

32 17/19p ordinary

CFD

increasing a short position

2,455

5.4187 GBP

32 17/19p ordinary

CFD

increasing a short position

338,458

5.4196 GBP

32 17/19p ordinary

CFD

increasing a short position

3,165

5.4200 GBP

32 17/19p ordinary

CFD

increasing a short position

258

5.4224 GBP

32 17/19p ordinary

CFD

increasing a short position

53,404

5.4228 GBP

32 17/19p ordinary

CFD

increasing a short position

6,279

5.4228 GBP

32 17/19p ordinary

CFD

increasing a short position

517,400

5.4331 GBP

32 17/19p ordinary

CFD

increasing a short position

3,692

5.4386 GBP

32 17/19p ordinary

CFD

increasing a short position

597

5.4450 GBP

32 17/19p ordinary

CFD

increasing a short position

9,282

5.4559 GBP

32 17/19p ordinary

CFD

increasing a short position

478

5.4680 GBP

32 17/19p ordinary

CFD

increasing a short position

259

5.4680 GBP

32 17/19p ordinary

CFD

increasing a short position

3,223

5.4680 GBP

32 17/19p ordinary

CFD

increasing a short position

2,950

5.4681 GBP

32 17/19p ordinary

CFD

reducing a long position

446

5.3378 GBP

32 17/19p ordinary

CFD

reducing a long position

1,380

5.3401 GBP

32 17/19p ordinary

CFD

reducing a long position

16,576

5.3689 GBP

32 17/19p ordinary

CFD

reducing a long position

28,670

5.4057 GBP

32 17/19p ordinary

CFD

reducing a long position

2,170

5.4323 GBP

32 17/19p ordinary

CFD

reducing a long position

5,716

5.4498 GBP

32 17/19p ordinary

CFD

reducing a long position

3,452

5.4506 GBP

32 17/19p ordinary

CFD

reducing a long position

29,863

5.4506 GBP

32 17/19p ordinary

CFD

reducing a long position

349,159

5.4506 GBP

32 17/19p ordinary

CFD

reducing a long position

102,494

5.4510 GBP

32 17/19p ordinary

CFD

reducing a long position

6,187

5.4537 GBP

32 17/19p ordinary

CFD

reducing a long position

143,350

5.4638 GBP

32 17/19p ordinary

CFD

reducing a long position

170,507

5.4681 GBP

32 17/19p ordinary

CFD

reducing a long position

6,439

5.4683 GBP

32 17/19p ordinary

CFD

reducing a long position

75,290

5.4683 GBP

32 17/19p ordinary

CFD

reducing a long position

744

5.4683 GBP

32 17/19p ordinary

CFD

reducing a long position

3,227

5.4687 GBP

32 17/19p ordinary

CFD

reducing a long position

297

5.4734 GBP

32 17/19p ordinary

CFD

reducing a long position

860

5.4747 GBP

32 17/19p ordinary

CFD

reducing a long position

114,680

5.4806 GBP

32 17/19p ordinary

CFD

reducing a short position

79

5.3239 GBP

32 17/19p ordinary

CFD

reducing a short position

2,974

5.3440 GBP

32 17/19p ordinary

CFD

reducing a short position

3,692

5.3440 GBP

32 17/19p ordinary

CFD

reducing a short position

2,001

5.3520 GBP

32 17/19p ordinary

CFD

reducing a short position

64,068

5.3852 GBP

32 17/19p ordinary

CFD

reducing a short position

1,447

5.4005 GBP

32 17/19p ordinary

CFD

reducing a short position

4,416

5.4005 GBP

32 17/19p ordinary

CFD

reducing a short position

82,129

5.4017 GBP

32 17/19p ordinary

CFD

reducing a short position

2,871

5.4081 GBP

32 17/19p ordinary

CFD

reducing a short position

370,940

5.4140 GBP

32 17/19p ordinary

CFD

reducing a short position

20,087

5.4175 GBP

32 17/19p ordinary

CFD

reducing a short position

398

5.4191 GBP

32 17/19p ordinary

CFD

reducing a short position

23,286

5.4191 GBP

32 17/19p ordinary

CFD

reducing a short position

255

5.4191 GBP

32 17/19p ordinary

CFD

reducing a short position

37

5.4191 GBP

32 17/19p ordinary

CFD

reducing a short position

44,998

5.4214 GBP

32 17/19p ordinary

CFD

reducing a short position

2,807

5.4325 GBP

32 17/19p ordinary

CFD

reducing a short position

1,505

5.4328 GBP

32 17/19p ordinary

CFD

reducing a short position

1,776

5.4328 GBP

32 17/19p ordinary

CFD

reducing a short position

2,205

5.4328 GBP

32 17/19p ordinary

CFD

reducing a short position

520

5.4328 GBP

32 17/19p ordinary

CFD

reducing a short position

2,110

5.4328 GBP

32 17/19p ordinary

CFD

reducing a short position

11,912

5.4328 GBP

32 17/19p ordinary

CFD

reducing a short position

2,085

5.4328 GBP

32 17/19p ordinary

CFD

reducing a short position

2,079

5.4328 GBP

32 17/19p ordinary

CFD

reducing a short position

2,382

5.4328 GBP

32 17/19p ordinary

CFD

reducing a short position

478

5.4340 GBP

32 17/19p ordinary

CFD

reducing a short position

154,591

5.4373 GBP

32 17/19p ordinary

CFD

reducing a short position

2,768

5.4374 GBP

32 17/19p ordinary

CFD

reducing a short position

70,284

5.4469 GBP

32 17/19p ordinary

CFD

reducing a short position

983

5.4475 GBP

32 17/19p ordinary

CFD

reducing a short position

5,700

5.4571 GBP

32 17/19p ordinary

CFD

reducing a short position

95,400

5.4571 GBP

32 17/19p ordinary

CFD

reducing a short position

1,700

5.4571 GBP

32 17/19p ordinary

CFD

reducing a short position

34,900

5.4571 GBP

32 17/19p ordinary

CFD

reducing a short position

24,500

5.4571 GBP

32 17/19p ordinary

CFD

reducing a short position

600

5.4571 GBP

32 17/19p ordinary

CFD

reducing a short position

20,292

5.4598 GBP

32 17/19p ordinary

CFD

reducing a short position

335

5.4606 GBP

32 17/19p ordinary

CFD

reducing a short position

50,064

5.4641 GBP

32 17/19p ordinary

CFD

reducing a short position

2,571

5.4660 GBP

32 17/19p ordinary

CFD

reducing a short position

47,762

5.4667 GBP

32 17/19p ordinary

CFD

reducing a short position

88,523

5.4671 GBP

32 17/19p ordinary

CFD

reducing a short position

3,464

5.4675 GBP

32 17/19p ordinary

CFD

reducing a short position

525,655

5.4680 GBP

32 17/19p ordinary

CFD

reducing a short position

9,006

5.4680 GBP

32 17/19p ordinary

CFD

reducing a short position

1,091

5.4680 GBP

32 17/19p ordinary

CFD

reducing a short position

161,992

5.4680 GBP

32 17/19p ordinary

CFD

reducing a short position

2,531

5.4680 GBP

32 17/19p ordinary

CFD

reducing a short position

830

5.4680 GBP

32 17/19p ordinary

CFD

reducing a short position

397

5.4680 GBP

32 17/19p ordinary

CFD

reducing a short position

658

5.4680 GBP

32 17/19p ordinary

CFD

reducing a short position

6,083

5.4701 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:

03 March 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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