RNS Number : 1662X
Morgan Stanley & Co. Int'l plc
14 February 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:

13 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

PURCHASES

2,671,506

5.1120 GBP

5.0182 GBP

32 17/19p ordinary

SALES

1,637,188

5.1120 GBP

5.0558 GBP

32 17/19p ordinary

PURCHASES

8,688

6.1308 EUR

6.1308 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

49,922

5.0643 GBP

32 17/19p ordinary

CFD

increasing a long position

49

5.0880 GBP

32 17/19p ordinary

CFD

increasing a long position

3,771

5.0889 GBP

32 17/19p ordinary

CFD

increasing a long position

2,345

5.0895 GBP

32 17/19p ordinary

CFD

increasing a long position

51,948

5.0905 GBP

32 17/19p ordinary

CFD

increasing a long position

113,096

5.0905 GBP

32 17/19p ordinary

CFD

increasing a long position

9,455

5.0928 GBP

32 17/19p ordinary

CFD

increasing a long position

44,514

5.0983 GBP

32 17/19p ordinary

CFD

increasing a short position

2,637

5.0667 GBP

32 17/19p ordinary

CFD

increasing a short position

6,770

5.0739 GBP

32 17/19p ordinary

CFD

increasing a short position

126

5.0761 GBP

32 17/19p ordinary

CFD

increasing a short position

4,922

5.0769 GBP

32 17/19p ordinary

CFD

increasing a short position

2,400

5.0787 GBP

32 17/19p ordinary

CFD

increasing a short position

7,400

5.0804 GBP

32 17/19p ordinary

CFD

increasing a short position

437

5.0812 GBP

32 17/19p ordinary

CFD

increasing a short position

3,012

5.0835 GBP

32 17/19p ordinary

CFD

increasing a short position

14,199

5.0867 GBP

32 17/19p ordinary

CFD

increasing a short position

40,265

5.0879 GBP

32 17/19p ordinary

CFD

increasing a short position

13,279

5.0879 GBP

32 17/19p ordinary

CFD

increasing a short position

32,601

5.0880 GBP

32 17/19p ordinary

CFD

increasing a short position

258

5.0888 GBP

32 17/19p ordinary

CFD

increasing a short position

213

5.0909 GBP

32 17/19p ordinary

CFD

increasing a short position

119

5.0909 GBP

32 17/19p ordinary

CFD

increasing a short position

769

5.0921 GBP

32 17/19p ordinary

CFD

increasing a short position

46,041

5.0921 GBP

32 17/19p ordinary

CFD

increasing a short position

63

5.0921 GBP

32 17/19p ordinary

CFD

increasing a short position

195

5.0921 GBP

32 17/19p ordinary

CFD

increasing a short position

75,637

5.0942 GBP

32 17/19p ordinary

CFD

increasing a short position

8,893

5.0942 GBP

32 17/19p ordinary

CFD

increasing a short position

678

5.0955 GBP

32 17/19p ordinary

CFD

increasing a short position

537

5.0963 GBP

32 17/19p ordinary

CFD

increasing a short position

990

5.0970 GBP

32 17/19p ordinary

CFD

increasing a short position

10,737

5.1005 GBP

32 17/19p ordinary

CFD

increasing a short position

18,007

5.1006 GBP

32 17/19p ordinary

CFD

increasing a short position

98

5.1010 GBP

32 17/19p ordinary

CFD

increasing a short position

8,688

5.1011 GBP

32 17/19p ordinary

CFD

increasing a short position

60,133

5.1038 GBP

32 17/19p ordinary

CFD

increasing a short position

391

5.1040 GBP

32 17/19p ordinary

CFD

increasing a short position

1,065,970

5.1040 GBP

32 17/19p ordinary

CFD

increasing a short position

1,879

5.1040 GBP

32 17/19p ordinary

CFD

reducing a long position

274,206

5.0182 GBP

32 17/19p ordinary

CFD

reducing a long position

9,453

5.0739 GBP

32 17/19p ordinary

CFD

reducing a long position

49

5.0740 GBP

32 17/19p ordinary

CFD

reducing a long position

1,609

5.0804 GBP

32 17/19p ordinary

CFD

reducing a long position

1,697

5.0918 GBP

32 17/19p ordinary

CFD

reducing a long position

49,922

5.0959 GBP

32 17/19p ordinary

CFD

reducing a long position

660

5.0984 GBP

32 17/19p ordinary

CFD

reducing a long position

1,064

5.1005 GBP

32 17/19p ordinary

CFD

reducing a long position

465

5.1040 GBP

32 17/19p ordinary

CFD

reducing a long position

2

5.1040 GBP

32 17/19p ordinary

CFD

reducing a short position

1,879

5.0760 GBP

32 17/19p ordinary

CFD

reducing a short position

70,793

5.0789 GBP

32 17/19p ordinary

CFD

reducing a short position

1,245

5.0800 GBP

32 17/19p ordinary

CFD

reducing a short position

26,373

5.0868 GBP

32 17/19p ordinary

CFD

reducing a short position

11,445

5.0907 GBP

32 17/19p ordinary

CFD

reducing a short position

3,690

5.0928 GBP

32 17/19p ordinary

CFD

reducing a short position

15,900

5.0935 GBP

32 17/19p ordinary

CFD

reducing a short position

9,665

5.0945 GBP

32 17/19p ordinary

CFD

reducing a short position

158,300

5.0954 GBP

32 17/19p ordinary

CFD

reducing a short position

5,379

5.0982 GBP

32 17/19p ordinary

CFD

reducing a short position

613

5.0986 GBP

32 17/19p ordinary

CFD

reducing a short position

15,401

5.1026 GBP

32 17/19p ordinary

CFD

reducing a short position

6,032

5.1028 GBP

32 17/19p ordinary

CFD

reducing a short position

115

5.1040 GBP

32 17/19p ordinary

CFD

reducing a short position

623

5.1040 GBP

32 17/19p ordinary

CFD

reducing a short position

14,670

5.1040 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:

14 February 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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