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23 May 2025 07:54:37
- Source: Sharecast
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: |
22 May 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 |
1,740,796 |
6.1041 GBP |
6.0400 GBP |
|
32 17/19p ordinary |
SALES |
2,737,383 |
6.1048 GBP |
6.0400 GBP |
|
32 17/19p ordinary |
SALES |
55,528 |
7.2578 EUR |
7.2578 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 |
15,451 |
6.0547 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
8,191 |
6.0568 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
7,439 |
6.0603 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
5,632 |
6.0618 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
30 |
6.0630 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
351 |
6.0639 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
186,290 |
6.0651 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
26,130 |
6.0655 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
1,066 |
6.0660 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
348 |
6.0660 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
523 |
6.0665 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
42 |
6.0693 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
5,907 |
6.0735 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
309,000 |
6.0770 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
400 |
6.0770 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
86,800 |
6.0770 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
101,700 |
6.0770 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
43,400 |
6.0770 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
105,600 |
6.0770 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
9,700 |
6.0770 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
699 |
6.0792 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
734 |
6.0793 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
13,123 |
6.0794 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
11 |
6.0800 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
291 |
6.0826 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
2,664 |
6.0828 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
8,329 |
6.0829 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
6,811 |
6.0843 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
379 |
6.0844 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
66,763 |
6.0859 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
7,647 |
6.0859 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
717 |
6.0930 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
28,269 |
6.0942 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
55,528 |
6.0980 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
8,932 |
6.0995 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
40,537 |
6.1038 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
9,098 |
6.1040 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
1,938 |
6.1040 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
3,021 |
6.1040 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
1,688 |
6.1040 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
4,354 |
6.1040 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
579 |
6.1040 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
27,844 |
6.1040 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
51,140 |
6.1040 GBP |
|
32 17/19p ordinary |
CFD |
increasing a short position |
898 |
6.0529 GBP |
|
32 17/19p ordinary |
CFD |
increasing a short position |
6,853 |
6.0612 GBP |
|
32 17/19p ordinary |
CFD |
increasing a short position |
24,746 |
6.0654 GBP |
|
32 17/19p ordinary |
CFD |
increasing a short position |
8,889 |
6.0657 GBP |
|
32 17/19p ordinary |
CFD |
increasing a short position |
200 |
6.0668 GBP |
|
32 17/19p ordinary |
CFD |
increasing a short position |
76 |
6.0700 GBP |
|
32 17/19p ordinary |
CFD |
increasing a short position |
6,427 |
6.0757 GBP |
|
32 17/19p ordinary |
CFD |
increasing a short position |
55,738 |
6.0797 GBP |
|
32 17/19p ordinary |
CFD |
increasing a short position |
3,794 |
6.0825 GBP |
|
32 17/19p ordinary |
CFD |
increasing a short position |
8,225 |
6.0869 GBP |
|
32 17/19p ordinary |
CFD |
increasing a short position |
7,854 |
6.1000 GBP |
|
32 17/19p ordinary |
CFD |
increasing a short position |
46,847 |
6.1028 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
251 |
6.0529 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
348 |
6.0572 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
1,066 |
6.0572 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
268 |
6.0585 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
524 |
6.0585 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
2,535 |
6.0594 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
53,229 |
6.0607 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
120,862 |
6.0625 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
30,606 |
6.0657 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
653 |
6.0706 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
1,120 |
6.0779 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
3,887 |
6.0779 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
27,968 |
6.0793 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
3,794 |
6.0823 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
35,223 |
6.0888 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
3,680 |
6.0982 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
36,200 |
6.1034 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
1,468 |
6.1036 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
2,997 |
6.1036 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
2,317 |
6.1040 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
1,338 |
6.1040 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
21,400 |
6.1040 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
51,140 |
6.1040 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
393 |
6.1041 GBP |
|
32 17/19p ordinary |
CFD |
reducing a short position |
76 |
6.0603 GBP |
|
32 17/19p ordinary |
CFD |
reducing a short position |
8,889 |
6.0735 GBP |
|
32 17/19p ordinary |
CFD |
reducing a short position |
226,269 |
6.0857 GBP |
|
32 17/19p ordinary |
CFD |
reducing a short position |
9,586 |
6.0876 GBP |
|
32 17/19p ordinary |
CFD |
reducing a short position |
90,965 |
6.0890 GBP |
|
32 17/19p ordinary |
CFD |
reducing a short position |
17,711 |
6.0961 GBP |
|
32 17/19p ordinary |
CFD |
reducing a short position |
16,383 |
6.0971 GBP |
|
32 17/19p ordinary |
CFD |
reducing a short position |
735 |
6.1040 GBP |
|
32 17/19p ordinary |
CFD |
reducing a short position |
1,192 |
6.1040 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: |
23 May 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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