RNS Number : 7071Z
Morgan Stanley & Co. Int'l plc
06 March 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:

04 March 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

4,260,643

5.4270 GBP

5.3378 GBP

32 17/19p ordinary

PURCHASES

3,731,318

5.4594 GBP

5.3377 GBP

32 17/19p ordinary

PURCHASES

6,051

6.4593 EUR

6.4593 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

23,254

5.3378 GBP

32 17/19p ordinary

CFD

increasing a long position

752

5.3380 GBP

32 17/19p ordinary

CFD

increasing a long position

68,075

5.3380 GBP

32 17/19p ordinary

CFD

increasing a long position

115,747

5.3424 GBP

32 17/19p ordinary

CFD

increasing a long position

6,791

5.3464 GBP

32 17/19p ordinary

CFD

increasing a long position

34

5.3498 GBP

32 17/19p ordinary

CFD

increasing a long position

709

5.3596 GBP

32 17/19p ordinary

CFD

increasing a long position

8,750

5.3596 GBP

32 17/19p ordinary

CFD

increasing a long position

1,480

5.3596 GBP

32 17/19p ordinary

CFD

increasing a long position

10,086

5.3613 GBP

32 17/19p ordinary

CFD

increasing a long position

19,357

5.3629 GBP

32 17/19p ordinary

CFD

increasing a long position

37,842

5.3645 GBP

32 17/19p ordinary

CFD

increasing a long position

1,650

5.3700 GBP

32 17/19p ordinary

CFD

increasing a long position

1,589

5.3726 GBP

32 17/19p ordinary

CFD

increasing a long position

81,709

5.3763 GBP

32 17/19p ordinary

CFD

increasing a long position

35,133

5.3807 GBP

32 17/19p ordinary

CFD

increasing a long position

2,781

5.4046 GBP

32 17/19p ordinary

CFD

increasing a short position

71,633

5.3380 GBP

32 17/19p ordinary

CFD

increasing a short position

8,481

5.3380 GBP

32 17/19p ordinary

CFD

increasing a short position

4

5.3415 GBP

32 17/19p ordinary

CFD

increasing a short position

14,347

5.3446 GBP

32 17/19p ordinary

CFD

increasing a short position

3,360

5.3446 GBP

32 17/19p ordinary

CFD

increasing a short position

95,634

5.3459 GBP

32 17/19p ordinary

CFD

increasing a short position

3,531

5.3479 GBP

32 17/19p ordinary

CFD

increasing a short position

1,839

5.3494 GBP

32 17/19p ordinary

CFD

increasing a short position

173,279

5.3495 GBP

32 17/19p ordinary

CFD

increasing a short position

8,890

5.3540 GBP

32 17/19p ordinary

CFD

increasing a short position

1,986

5.3546 GBP

32 17/19p ordinary

CFD

increasing a short position

43,118

5.3591 GBP

32 17/19p ordinary

CFD

increasing a short position

4,503

5.3606 GBP

32 17/19p ordinary

CFD

increasing a short position

11,677

5.3618 GBP

32 17/19p ordinary

CFD

increasing a short position

35,500

5.3618 GBP

32 17/19p ordinary

CFD

increasing a short position

93

5.3648 GBP

32 17/19p ordinary

CFD

increasing a short position

1,025

5.3657 GBP

32 17/19p ordinary

CFD

increasing a short position

23,240

5.3657 GBP

32 17/19p ordinary

CFD

increasing a short position

2,304

5.3657 GBP

32 17/19p ordinary

CFD

increasing a short position

2,974

5.3660 GBP

32 17/19p ordinary

CFD

increasing a short position

1,535

5.3693 GBP

32 17/19p ordinary

CFD

increasing a short position

50,263

5.3700 GBP

32 17/19p ordinary

CFD

increasing a short position

161,672

5.3727 GBP

32 17/19p ordinary

CFD

increasing a short position

20,612

5.3762 GBP

32 17/19p ordinary

CFD

increasing a short position

2,428

5.3762 GBP

32 17/19p ordinary

CFD

increasing a short position

833

5.3900 GBP

32 17/19p ordinary

CFD

increasing a short position

166

5.3901 GBP

32 17/19p ordinary

CFD

increasing a short position

21

5.3981 GBP

32 17/19p ordinary

CFD

increasing a short position

19

5.4051 GBP

32 17/19p ordinary

CFD

increasing a short position

36,259

5.4080 GBP

32 17/19p ordinary

CFD

reducing a long position

6,791

5.3380 GBP

32 17/19p ordinary

CFD

reducing a long position

1,164

5.3380 GBP

32 17/19p ordinary

CFD

reducing a long position

49,458

5.3396 GBP

32 17/19p ordinary

CFD

reducing a long position

1,881

5.3446 GBP

32 17/19p ordinary

CFD

reducing a long position

2,894

5.3459 GBP

32 17/19p ordinary

CFD

reducing a long position

6,051

5.3463 GBP

32 17/19p ordinary

CFD

reducing a long position

15,569

5.3489 GBP

32 17/19p ordinary

CFD

reducing a long position

52,543

5.3501 GBP

32 17/19p ordinary

CFD

reducing a long position

20,988

5.3599 GBP

32 17/19p ordinary

CFD

reducing a long position

8,698

5.3727 GBP

32 17/19p ordinary

CFD

reducing a long position

4,777

5.3851 GBP

32 17/19p ordinary

CFD

reducing a long position

14,335

5.3985 GBP

32 17/19p ordinary

CFD

reducing a long position

89,674

5.4021 GBP

32 17/19p ordinary

CFD

reducing a long position

7,119

5.4594 GBP

32 17/19p ordinary

CFD

reducing a long position

676

5.4594 GBP

32 17/19p ordinary

CFD

reducing a long position

1,685

5.4594 GBP

32 17/19p ordinary

CFD

reducing a long position

496

5.4594 GBP

32 17/19p ordinary

CFD

reducing a long position

26

5.4594 GBP

32 17/19p ordinary

CFD

reducing a short position

31,673

5.3379 GBP

32 17/19p ordinary

CFD

reducing a short position

94,261

5.3380 GBP

32 17/19p ordinary

CFD

reducing a short position

85,167

5.3382 GBP

32 17/19p ordinary

CFD

reducing a short position

7,190

5.3422 GBP

32 17/19p ordinary

CFD

reducing a short position

1,104

5.3467 GBP

32 17/19p ordinary

CFD

reducing a short position

25,532

5.3477 GBP

32 17/19p ordinary

CFD

reducing a short position

22,440

5.3483 GBP

32 17/19p ordinary

CFD

reducing a short position

1

5.3500 GBP

32 17/19p ordinary

CFD

reducing a short position

49

5.3502 GBP

32 17/19p ordinary

CFD

reducing a short position

846

5.3504 GBP

32 17/19p ordinary

CFD

reducing a short position

4,331

5.3517 GBP

32 17/19p ordinary

CFD

reducing a short position

25

5.3532 GBP

32 17/19p ordinary

CFD

reducing a short position

2,720

5.3538 GBP

32 17/19p ordinary

CFD

reducing a short position

4,800

5.3566 GBP

32 17/19p ordinary

CFD

reducing a short position

1,600

5.3600 GBP

32 17/19p ordinary

CFD

reducing a short position

392

5.3602 GBP

32 17/19p ordinary

CFD

reducing a short position

14,223

5.3603 GBP

32 17/19p ordinary

CFD

reducing a short position

124

5.3631 GBP

32 17/19p ordinary

CFD

reducing a short position

18,380

5.3631 GBP

32 17/19p ordinary

CFD

reducing a short position

145

5.3631 GBP

32 17/19p ordinary

CFD

reducing a short position

21

5.3634 GBP

32 17/19p ordinary

CFD

reducing a short position

13,952

5.3634 GBP

32 17/19p ordinary

CFD

reducing a short position

8,714

5.3650 GBP

32 17/19p ordinary

CFD

reducing a short position

113,468

5.3666 GBP

32 17/19p ordinary

CFD

reducing a short position

1,069

5.3695 GBP

32 17/19p ordinary

CFD

reducing a short position

197

5.3695 GBP

32 17/19p ordinary

CFD

reducing a short position

616

5.3695 GBP

32 17/19p ordinary

CFD

reducing a short position

5,650

5.3695 GBP

32 17/19p ordinary

CFD

reducing a short position

13,050

5.3704 GBP

32 17/19p ordinary

CFD

reducing a short position

83,049

5.3731 GBP

32 17/19p ordinary

CFD

reducing a short position

1,535

5.3733 GBP

32 17/19p ordinary

CFD

reducing a short position

173,279

5.3736 GBP

32 17/19p ordinary

CFD

reducing a short position

161,672

5.3807 GBP

32 17/19p ordinary

CFD

reducing a short position

26,547

5.3829 GBP

32 17/19p ordinary

CFD

reducing a short position

10,600

5.3910 GBP

32 17/19p ordinary

CFD

reducing a short position

74,200

5.3910 GBP

32 17/19p ordinary

CFD

reducing a short position

185

5.4042 GBP

32 17/19p ordinary

CFD

reducing a short position

11,465

5.4207 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:

06 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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