RNS Number : 4548V
Morgan Stanley & Co. Int'l plc
31 January 2025
 

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:

30 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

1,269,600

5.1460 GBP

5.1140 GBP

32 17/19p ordinary

PURCHASES

1,490,833

5.1480 GBP

5.1140 GBP

32 17/19p ordinary

PURCHASES

27,619

6.1418 EUR

6.1418 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

732

5.1149 GBP

32 17/19p ordinary

CFD

increasing a long position

333

5.1159 GBP

32 17/19p ordinary

CFD

increasing a long position

1,175

5.1199 GBP

32 17/19p ordinary

CFD

increasing a long position

4,124

5.1200 GBP

32 17/19p ordinary

CFD

increasing a long position

3,252

5.1277 GBP

32 17/19p ordinary

CFD

increasing a long position

181

5.1324 GBP

32 17/19p ordinary

CFD

increasing a long position

141

5.1361 GBP

32 17/19p ordinary

CFD

increasing a long position

24,932

5.1365 GBP

32 17/19p ordinary

CFD

increasing a long position

8,034

5.1371 GBP

32 17/19p ordinary

CFD

increasing a long position

17,666

5.1372 GBP

32 17/19p ordinary

CFD

increasing a long position

8,626

5.1374 GBP

32 17/19p ordinary

CFD

increasing a long position

268

5.1376 GBP

32 17/19p ordinary

CFD

increasing a long position

2,067

5.1377 GBP

32 17/19p ordinary

CFD

increasing a long position

678

5.1378 GBP

32 17/19p ordinary

CFD

increasing a long position

3,873

5.1420 GBP

32 17/19p ordinary

CFD

increasing a long position

2,621

5.1436 GBP

32 17/19p ordinary

CFD

increasing a long position

4,716

5.1447 GBP

32 17/19p ordinary

CFD

increasing a short position

1,836

5.1170 GBP

32 17/19p ordinary

CFD

increasing a short position

21,151

5.1217 GBP

32 17/19p ordinary

CFD

increasing a short position

2,409

5.1218 GBP

32 17/19p ordinary

CFD

increasing a short position

3,468

5.1255 GBP

32 17/19p ordinary

CFD

increasing a short position

896

5.1256 GBP

32 17/19p ordinary

CFD

increasing a short position

254

5.1259 GBP

32 17/19p ordinary

CFD

increasing a short position

3,514

5.1260 GBP

32 17/19p ordinary

CFD

increasing a short position

1,400

5.1269 GBP

32 17/19p ordinary

CFD

increasing a short position

5,400

5.1277 GBP

32 17/19p ordinary

CFD

increasing a short position

1,500

5.1280 GBP

32 17/19p ordinary

CFD

increasing a short position

2,624

5.1292 GBP

32 17/19p ordinary

CFD

increasing a short position

1,144

5.1305 GBP

32 17/19p ordinary

CFD

increasing a short position

7,295

5.1323 GBP

32 17/19p ordinary

CFD

increasing a short position

15,312

5.1327 GBP

32 17/19p ordinary

CFD

increasing a short position

30,973

5.1328 GBP

32 17/19p ordinary

CFD

increasing a short position

7,619

5.1330 GBP

32 17/19p ordinary

CFD

increasing a short position

4,144

5.1342 GBP

32 17/19p ordinary

CFD

increasing a short position

4,409

5.1359 GBP

32 17/19p ordinary

CFD

increasing a short position

32,832

5.1360 GBP

32 17/19p ordinary

CFD

increasing a short position

95,594

5.1360 GBP

32 17/19p ordinary

CFD

increasing a short position

17,268

5.1360 GBP

32 17/19p ordinary

CFD

increasing a short position

11,580

5.1363 GBP

32 17/19p ordinary

CFD

increasing a short position

11,885

5.1368 GBP

32 17/19p ordinary

CFD

increasing a short position

80,000

5.1373 GBP

32 17/19p ordinary

CFD

increasing a short position

157,595

5.1385 GBP

32 17/19p ordinary

CFD

increasing a short position

66,623

5.1390 GBP

32 17/19p ordinary

CFD

increasing a short position

5,732

5.1398 GBP

32 17/19p ordinary

CFD

increasing a short position

93

5.1460 GBP

32 17/19p ordinary

CFD

reducing a long position

9,323

5.1260 GBP

32 17/19p ordinary

CFD

reducing a long position

13,282

5.1323 GBP

32 17/19p ordinary

CFD

reducing a long position

18

5.1360 GBP

32 17/19p ordinary

CFD

reducing a long position

1,180

5.1369 GBP

32 17/19p ordinary

CFD

reducing a long position

27,619

5.1375 GBP

32 17/19p ordinary

CFD

reducing a long position

1,797

5.1384 GBP

32 17/19p ordinary

CFD

reducing a long position

1,459

5.1386 GBP

32 17/19p ordinary

CFD

reducing a short position

2,409

5.1209 GBP

32 17/19p ordinary

CFD

reducing a short position

13,240

5.1244 GBP

32 17/19p ordinary

CFD

reducing a short position

23,498

5.1244 GBP

32 17/19p ordinary

CFD

reducing a short position

8,296

5.1244 GBP

32 17/19p ordinary

CFD

reducing a short position

1,618

5.1260 GBP

32 17/19p ordinary

CFD

reducing a short position

1,263

5.1265 GBP

32 17/19p ordinary

CFD

reducing a short position

37,440

5.1277 GBP

32 17/19p ordinary

CFD

reducing a short position

39

5.1307 GBP

32 17/19p ordinary

CFD

reducing a short position

321

5.1307 GBP

32 17/19p ordinary

CFD

reducing a short position

530

5.1311 GBP

32 17/19p ordinary

CFD

reducing a short position

11,793

5.1315 GBP

32 17/19p ordinary

CFD

reducing a short position

7,389

5.1315 GBP

32 17/19p ordinary

CFD

reducing a short position

20,930

5.1315 GBP

32 17/19p ordinary

CFD

reducing a short position

17,130

5.1321 GBP

32 17/19p ordinary

CFD

reducing a short position

8,886

5.1334 GBP

32 17/19p ordinary

CFD

reducing a short position

25,169

5.1334 GBP

32 17/19p ordinary

CFD

reducing a short position

14,182

5.1334 GBP

32 17/19p ordinary

CFD

reducing a short position

386

5.1351 GBP

32 17/19p ordinary

CFD

reducing a short position

405

5.1352 GBP

32 17/19p ordinary

CFD

reducing a short position

670

5.1352 GBP

32 17/19p ordinary

CFD

reducing a short position

579

5.1355 GBP

32 17/19p ordinary

CFD

reducing a short position

27,800

5.1356 GBP

32 17/19p ordinary

CFD

reducing a short position

455

5.1358 GBP

32 17/19p ordinary

CFD

reducing a short position

24,122

5.1359 GBP

32 17/19p ordinary

CFD

reducing a short position

96,625

5.1360 GBP

32 17/19p ordinary

CFD

reducing a short position

43,353

5.1360 GBP

32 17/19p ordinary

CFD

reducing a short position

5,732

5.1371 GBP

32 17/19p ordinary

CFD

reducing a short position

1,725

5.1375 GBP

32 17/19p ordinary

CFD

reducing a short position

1,836

5.1379 GBP

32 17/19p ordinary

CFD

reducing a short position

1,270

5.1386 GBP

32 17/19p ordinary

CFD

reducing a short position

895

5.1389 GBP

32 17/19p ordinary

CFD

reducing a short position

410

5.1420 GBP

32 17/19p ordinary

CFD

reducing a short position

1,342

5.1426 GBP

32 17/19p ordinary

CFD

reducing a short position

1,301

5.1435 GBP

32 17/19p ordinary

CFD

reducing a short position

2,058

5.1440 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:

31 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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