RNS Number : 1366V
Morgan Stanley & Co. Int'l plc
29 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:

28 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

PURCHASES

1,972,102

5.0980 GBP

5.0660 GBP

32 17/19p ordinary

SALES

1,182,365

5.1000 GBP

5.0650 GBP

32 17/19p ordinary

PURCHASES

16,691

6.0434 EUR

6.0434 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

17,998

5.0650 GBP

32 17/19p ordinary

CFD

increasing a long position

4,871

5.0650 GBP

32 17/19p ordinary

CFD

increasing a long position

28,670

5.0655 GBP

32 17/19p ordinary

CFD

increasing a long position

6,439

5.0680 GBP

32 17/19p ordinary

CFD

increasing a long position

185

5.0680 GBP

32 17/19p ordinary

CFD

increasing a long position

9,453

5.0700 GBP

32 17/19p ordinary

CFD

increasing a long position

20,553

5.0766 GBP

32 17/19p ordinary

CFD

increasing a long position

9,323

5.0801 GBP

32 17/19p ordinary

CFD

increasing a long position

30,793

5.0810 GBP

32 17/19p ordinary

CFD

increasing a long position

2,227

5.0814 GBP

32 17/19p ordinary

CFD

increasing a short position

1,148

5.0680 GBP

32 17/19p ordinary

CFD

increasing a short position

59,647

5.0680 GBP

32 17/19p ordinary

CFD

increasing a short position

32,134

5.0680 GBP

32 17/19p ordinary

CFD

increasing a short position

80,795

5.0680 GBP

32 17/19p ordinary

CFD

increasing a short position

62,213

5.0680 GBP

32 17/19p ordinary

CFD

increasing a short position

600

5.0736 GBP

32 17/19p ordinary

CFD

increasing a short position

1,340

5.0739 GBP

32 17/19p ordinary

CFD

increasing a short position

9,197

5.0739 GBP

32 17/19p ordinary

CFD

increasing a short position

1,725

5.0739 GBP

32 17/19p ordinary

CFD

increasing a short position

430

5.0739 GBP

32 17/19p ordinary

CFD

increasing a short position

1,591

5.0739 GBP

32 17/19p ordinary

CFD

increasing a short position

1,556

5.0739 GBP

32 17/19p ordinary

CFD

increasing a short position

715

5.0739 GBP

32 17/19p ordinary

CFD

increasing a short position

327

5.0743 GBP

32 17/19p ordinary

CFD

increasing a short position

269

5.0744 GBP

32 17/19p ordinary

CFD

increasing a short position

120

5.0744 GBP

32 17/19p ordinary

CFD

increasing a short position

1,056

5.0747 GBP

32 17/19p ordinary

CFD

increasing a short position

55

5.0749 GBP

32 17/19p ordinary

CFD

increasing a short position

333

5.0753 GBP

32 17/19p ordinary

CFD

increasing a short position

21,162

5.0758 GBP

32 17/19p ordinary

CFD

increasing a short position

10,631

5.0760 GBP

32 17/19p ordinary

CFD

increasing a short position

4,530

5.0761 GBP

32 17/19p ordinary

CFD

increasing a short position

1,900

5.0761 GBP

32 17/19p ordinary

CFD

increasing a short position

440

5.0767 GBP

32 17/19p ordinary

CFD

increasing a short position

95,862

5.0774 GBP

32 17/19p ordinary

CFD

increasing a short position

10,182

5.0775 GBP

32 17/19p ordinary

CFD

increasing a short position

46,090

5.0776 GBP

32 17/19p ordinary

CFD

increasing a short position

7,892

5.0777 GBP

32 17/19p ordinary

CFD

increasing a short position

527

5.0778 GBP

32 17/19p ordinary

CFD

increasing a short position

13,667

5.0783 GBP

32 17/19p ordinary

CFD

increasing a short position

64,412

5.0788 GBP

32 17/19p ordinary

CFD

increasing a short position

29,156

5.0788 GBP

32 17/19p ordinary

CFD

increasing a short position

32,403

5.0789 GBP

32 17/19p ordinary

CFD

increasing a short position

6,500

5.0806 GBP

32 17/19p ordinary

CFD

increasing a short position

10,500

5.0808 GBP

32 17/19p ordinary

CFD

increasing a short position

3,153

5.0808 GBP

32 17/19p ordinary

CFD

increasing a short position

9,150

5.0808 GBP

32 17/19p ordinary

CFD

increasing a short position

5,678

5.0833 GBP

32 17/19p ordinary

CFD

increasing a short position

4,044

5.0836 GBP

32 17/19p ordinary

CFD

increasing a short position

3,928

5.0894 GBP

32 17/19p ordinary

CFD

reducing a long position

25

5.0680 GBP

32 17/19p ordinary

CFD

reducing a long position

21,651

5.0680 GBP

32 17/19p ordinary

CFD

reducing a long position

29,496

5.0680 GBP

32 17/19p ordinary

CFD

reducing a long position

27,249

5.0680 GBP

32 17/19p ordinary

CFD

reducing a long position

7,092

5.0680 GBP

32 17/19p ordinary

CFD

reducing a long position

1

5.0680 GBP

32 17/19p ordinary

CFD

reducing a long position

12,248

5.0680 GBP

32 17/19p ordinary

CFD

reducing a long position

23,086

5.0684 GBP

32 17/19p ordinary

CFD

reducing a long position

16,691

5.0695 GBP

32 17/19p ordinary

CFD

reducing a long position

382

5.0801 GBP

32 17/19p ordinary

CFD

reducing a long position

11,304

5.0807 GBP

32 17/19p ordinary

CFD

reducing a long position

34,501

5.0807 GBP

32 17/19p ordinary

CFD

reducing a long position

68,325

5.0825 GBP

32 17/19p ordinary

CFD

reducing a short position

35,170

5.0679 GBP

32 17/19p ordinary

CFD

reducing a short position

198

5.0680 GBP

32 17/19p ordinary

CFD

reducing a short position

1,662

5.0680 GBP

32 17/19p ordinary

CFD

reducing a short position

83,948

5.0680 GBP

32 17/19p ordinary

CFD

reducing a short position

4

5.0680 GBP

32 17/19p ordinary

CFD

reducing a short position

9,400

5.0682 GBP

32 17/19p ordinary

CFD

reducing a short position

140

5.0683 GBP

32 17/19p ordinary

CFD

reducing a short position

600

5.0700 GBP

32 17/19p ordinary

CFD

reducing a short position

1,795

5.0716 GBP

32 17/19p ordinary

CFD

reducing a short position

2,572

5.0729 GBP

32 17/19p ordinary

CFD

reducing a short position

106,564

5.0735 GBP

32 17/19p ordinary

CFD

reducing a short position

50

5.0736 GBP

32 17/19p ordinary

CFD

reducing a short position

269

5.0745 GBP

32 17/19p ordinary

CFD

reducing a short position

303

5.0766 GBP

32 17/19p ordinary

CFD

reducing a short position

4,294

5.0766 GBP

32 17/19p ordinary

CFD

reducing a short position

79

5.0768 GBP

32 17/19p ordinary

CFD

reducing a short position

145

5.0771 GBP

32 17/19p ordinary

CFD

reducing a short position

41

5.0772 GBP

32 17/19p ordinary

CFD

reducing a short position

384

5.0788 GBP

32 17/19p ordinary

CFD

reducing a short position

3,163

5.0789 GBP

32 17/19p ordinary

CFD

reducing a short position

18,475

5.0806 GBP

32 17/19p ordinary

CFD

reducing a short position

61,536

5.0807 GBP

32 17/19p ordinary

CFD

reducing a short position

841

5.0808 GBP

32 17/19p ordinary

CFD

reducing a short position

3,928

5.0827 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:

29 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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