RNS Number : 3764I
Morgan Stanley & Co. Int'l plc
26 March 2024
 

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

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:

22 March 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- Ageas SA NV

 

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

Ordinary 10 10/11p

SALES

2,078,795

2.1380 GBP

2.0900 GBP

Ordinary 10 10/11p

PURCHASES

3,532,158

2.1415 GBP

2.0900 GBP

Ordinary 10 10/11p

SALES

6,045

2.6328 USD

2.6328 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

Ordinary 10 10/11p

CFD

increasing a long position

42,200

2.1030 GBP

Ordinary 10 10/11p

CFD

increasing a long position

30,137

2.1075 GBP

Ordinary 10 10/11p

CFD

increasing a long position

750

2.1140 GBP

Ordinary 10 10/11p

CFD

increasing a short position

6,232

2.0900 GBP

Ordinary 10 10/11p

CFD

increasing a short position

2,495

2.0900 GBP

Ordinary 10 10/11p

CFD

increasing a short position

31,571

2.0922 GBP

Ordinary 10 10/11p

CFD

increasing a short position

23,579

2.0922 GBP

Ordinary 10 10/11p

CFD

increasing a short position

6,559

2.0950 GBP

Ordinary 10 10/11p

CFD

increasing a short position

66,294

2.0960 GBP

Ordinary 10 10/11p

CFD

increasing a short position

144

2.0965 GBP

Ordinary 10 10/11p

CFD

increasing a short position

90,990

2.0972 GBP

Ordinary 10 10/11p

CFD

increasing a short position

69,148

2.0982 GBP

Ordinary 10 10/11p

CFD

increasing a short position

100

2.0997 GBP

Ordinary 10 10/11p

CFD

increasing a short position

300

2.0998 GBP

Ordinary 10 10/11p

CFD

increasing a short position

53,379

2.1005 GBP

Ordinary 10 10/11p

CFD

increasing a short position

8,708

2.1012 GBP

Ordinary 10 10/11p

CFD

increasing a short position

75,846

2.1012 GBP

Ordinary 10 10/11p

CFD

increasing a short position

24,840

2.1012 GBP

Ordinary 10 10/11p

CFD

increasing a short position

37,711

2.1038 GBP

Ordinary 10 10/11p

CFD

increasing a short position

3,173

2.1050 GBP

Ordinary 10 10/11p

CFD

increasing a short position

46,480

2.1050 GBP

Ordinary 10 10/11p

CFD

increasing a short position

1,920

2.1050 GBP

Ordinary 10 10/11p

CFD

increasing a short position

8,542

2.1050 GBP

Ordinary 10 10/11p

CFD

increasing a short position

5,757

2.1050 GBP

Ordinary 10 10/11p

CFD

increasing a short position

2,636

2.1050 GBP

Ordinary 10 10/11p

CFD

increasing a short position

192,733

2.1050 GBP

Ordinary 10 10/11p

CFD

increasing a short position

3,480

2.1064 GBP

Ordinary 10 10/11p

CFD

increasing a short position

1,439

2.1084 GBP

Ordinary 10 10/11p

CFD

increasing a short position

480

2.1084 GBP

Ordinary 10 10/11p

CFD

increasing a short position

795

2.1084 GBP

Ordinary 10 10/11p

CFD

increasing a short position

2,136

2.1084 GBP

Ordinary 10 10/11p

CFD

increasing a short position

11,619

2.1084 GBP

Ordinary 10 10/11p

CFD

increasing a short position

17,150

2.1089 GBP

Ordinary 10 10/11p

CFD

increasing a short position

289

2.1093 GBP

Ordinary 10 10/11p

CFD

increasing a short position

13,960

2.1099 GBP

Ordinary 10 10/11p

CFD

increasing a short position

563,444

2.1101 GBP

Ordinary 10 10/11p

CFD

increasing a short position

1,660

2.1103 GBP

Ordinary 10 10/11p

CFD

increasing a short position

64,434

2.1104 GBP

Ordinary 10 10/11p

CFD

increasing a short position

13,718

2.1114 GBP

Ordinary 10 10/11p

CFD

increasing a short position

3,046

2.1116 GBP

Ordinary 10 10/11p

CFD

increasing a short position

111

2.1130 GBP

Ordinary 10 10/11p

CFD

increasing a short position

71,148

2.1133 GBP

Ordinary 10 10/11p

CFD

increasing a short position

192,733

2.1141 GBP

Ordinary 10 10/11p

CFD

increasing a short position

5,757

2.1141 GBP

Ordinary 10 10/11p

CFD

increasing a short position

1,920

2.1141 GBP

Ordinary 10 10/11p

CFD

increasing a short position

3,172

2.1141 GBP

Ordinary 10 10/11p

CFD

increasing a short position

46,480

2.1141 GBP

Ordinary 10 10/11p

CFD

increasing a short position

8,542

2.1141 GBP

Ordinary 10 10/11p

CFD

increasing a short position

9,734

2.1161 GBP

Ordinary 10 10/11p

CFD

increasing a short position

400

2.1192 GBP

Ordinary 10 10/11p

CFD

increasing a short position

97,181

2.1228 GBP

Ordinary 10 10/11p

CFD

increasing a short position

29,434

2.1231 GBP

Ordinary 10 10/11p

CFD

reducing a long position

30,137

2.0900 GBP

Ordinary 10 10/11p

CFD

reducing a long position

23

2.0900 GBP

Ordinary 10 10/11p

CFD

reducing a long position

127

2.0900 GBP

Ordinary 10 10/11p

CFD

reducing a long position

2,589

2.0900 GBP

Ordinary 10 10/11p

CFD

reducing a long position

7,636

2.0918 GBP

Ordinary 10 10/11p

CFD

reducing a long position

250,000

2.1000 GBP

Ordinary 10 10/11p

CFD

reducing a long position

750

2.1183 GBP

Ordinary 10 10/11p

CFD

reducing a long position

42,200

2.1274 GBP

Ordinary 10 10/11p

CFD

reducing a short position

44,059

2.0898 GBP

Ordinary 10 10/11p

CFD

reducing a short position

1,673

2.0900 GBP

Ordinary 10 10/11p

CFD

reducing a short position

1

2.0900 GBP

Ordinary 10 10/11p

CFD

reducing a short position

4,372

2.0900 GBP

Ordinary 10 10/11p

CFD

reducing a short position

242,639

2.0900 GBP

Ordinary 10 10/11p

CFD

reducing a short position

2,155

2.0900 GBP

Ordinary 10 10/11p

CFD

reducing a short position

94,952

2.0900 GBP

Ordinary 10 10/11p

CFD

reducing a short position

1,881

2.0904 GBP

Ordinary 10 10/11p

CFD

reducing a short position

27,522

2.0916 GBP

Ordinary 10 10/11p

CFD

reducing a short position

827

2.0949 GBP

Ordinary 10 10/11p

CFD

reducing a short position

1,827

2.0980 GBP

Ordinary 10 10/11p

CFD

reducing a short position

17,600

2.0991 GBP

Ordinary 10 10/11p

CFD

reducing a short position

199,048

2.0992 GBP

Ordinary 10 10/11p

CFD

reducing a short position

190

2.1023 GBP

Ordinary 10 10/11p

CFD

reducing a short position

149

2.1038 GBP

Ordinary 10 10/11p

CFD

reducing a short position

539

2.1041 GBP

Ordinary 10 10/11p

CFD

reducing a short position

76,960

2.1041 GBP

Ordinary 10 10/11p

CFD

reducing a short position

2,805

2.1041 GBP

Ordinary 10 10/11p

CFD

reducing a short position

732

2.1041 GBP

Ordinary 10 10/11p

CFD

reducing a short position

946

2.1055 GBP

Ordinary 10 10/11p

CFD

reducing a short position

51,279

2.1059 GBP

Ordinary 10 10/11p

CFD

reducing a short position

45,936

2.1075 GBP

Ordinary 10 10/11p

CFD

reducing a short position

825

2.1078 GBP

Ordinary 10 10/11p

CFD

reducing a short position

47,180

2.1079 GBP

Ordinary 10 10/11p

CFD

reducing a short position

38,515

2.1084 GBP

Ordinary 10 10/11p

CFD

reducing a short position

3,807

2.1092 GBP

Ordinary 10 10/11p

CFD

reducing a short position

6,406

2.1099 GBP

Ordinary 10 10/11p

CFD

reducing a short position

2,379

2.1099 GBP

Ordinary 10 10/11p

CFD

reducing a short position

144,550

2.1099 GBP

Ordinary 10 10/11p

CFD

reducing a short position

1,440

2.1099 GBP

Ordinary 10 10/11p

CFD

reducing a short position

4,318

2.1099 GBP

Ordinary 10 10/11p

CFD

reducing a short position

34,861

2.1099 GBP

Ordinary 10 10/11p

CFD

reducing a short position

22,996

2.1109 GBP

Ordinary 10 10/11p

CFD

reducing a short position

36,780

2.1118 GBP

Ordinary 10 10/11p

CFD

reducing a short position

34,398

2.1132 GBP

Ordinary 10 10/11p

CFD

reducing a short position

9,972

2.1141 GBP

Ordinary 10 10/11p

CFD

reducing a short position

1

2.1230 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:

26 March 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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