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04 June 2025 23:06:14
- 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: |
03 June 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 |
2,697,326 |
6.2140 GBP |
6.1460 GBP |
|
32 17/19p ordinary |
SALES |
3,068,624 |
6.2140 GBP |
6.1420 GBP |
|
32 17/19p ordinary |
PURCHASES |
21,488 |
7.3245 EUR |
7.3245 EUR |
|
32 17/19p ordinary |
PURCHASES |
569,720 |
8.3571 USD |
8.3571 USD |
|
32 17/19p ordinary |
SALES |
569,720 |
8.3771 USD |
8.3771 USD |
|
ADR |
PURCHASES |
284,860 |
16.7542 USD |
16.7542 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 |
|
32 17/19p ordinary |
CFD |
increasing a long position |
57 |
6.1600 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
3,039 |
6.1606 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
804 |
6.1607 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
1,283 |
6.1608 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
6,269 |
6.1615 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
1,052 |
6.1620 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
4,335 |
6.1620 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
65 |
6.1620 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
8,876 |
6.1630 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
25,697 |
6.1680 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
2,643 |
6.1680 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
142,900 |
6.1691 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
12,800 |
6.1691 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
58,400 |
6.1691 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
200 |
6.1691 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
408,800 |
6.1691 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
127,900 |
6.1691 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
97,400 |
6.1691 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
687 |
6.1694 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
13,340 |
6.1729 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
21,338 |
6.1729 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
3,488 |
6.1801 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
49,948 |
6.1815 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
9 |
6.1878 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
1,397 |
6.2080 GBP |
|
32 17/19p ordinary |
CFD |
increasing a short position |
13,442 |
6.1620 GBP |
|
32 17/19p ordinary |
CFD |
increasing a short position |
77,525 |
6.1620 GBP |
|
32 17/19p ordinary |
CFD |
increasing a short position |
6,474 |
6.1661 GBP |
|
32 17/19p ordinary |
CFD |
increasing a short position |
11,374 |
6.1676 GBP |
|
32 17/19p ordinary |
CFD |
increasing a short position |
3,795 |
6.1677 GBP |
|
32 17/19p ordinary |
CFD |
increasing a short position |
44,812 |
6.1766 GBP |
|
32 17/19p ordinary |
CFD |
increasing a short position |
23,500 |
6.1790 GBP |
|
32 17/19p ordinary |
CFD |
increasing a short position |
5,300 |
6.1818 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
21,488 |
6.1616 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
377 |
6.1620 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
1,397 |
6.1620 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
55,559 |
6.1620 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
98 |
6.1620 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
10,832 |
6.1620 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
29,304 |
6.1620 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
212 |
6.1620 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
37,016 |
6.1620 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
4,315 |
6.1620 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
3,426 |
6.1629 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
1,253 |
6.1632 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
49,730 |
6.1635 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
2,860 |
6.1644 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
52,726 |
6.1661 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
75,274 |
6.1668 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
139 |
6.1672 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
3,714 |
6.1681 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
871 |
6.1696 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
919 |
6.1696 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
6,346 |
6.1725 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
9,281 |
6.1766 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
2,125 |
6.1791 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
6,248 |
6.1802 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
112 |
6.1813 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
16,070 |
6.1825 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
16,470 |
6.1828 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
96 |
6.1869 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
2,540 |
6.1885 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
10,261 |
6.1886 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
7,336 |
6.1901 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
22,266 |
6.1929 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
66,797 |
6.1929 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
258 |
6.2011 GBP |
|
32 17/19p ordinary |
CFD |
reducing a short position |
8,372 |
6.1603 GBP |
|
32 17/19p ordinary |
CFD |
reducing a short position |
43,274 |
6.1617 GBP |
|
32 17/19p ordinary |
CFD |
reducing a short position |
2,009 |
6.1620 GBP |
|
32 17/19p ordinary |
CFD |
reducing a short position |
93 |
6.1620 GBP |
|
32 17/19p ordinary |
CFD |
reducing a short position |
1,027 |
6.1620 GBP |
|
32 17/19p ordinary |
CFD |
reducing a short position |
4,330 |
6.1623 GBP |
|
32 17/19p ordinary |
CFD |
reducing a short position |
3,768 |
6.1641 GBP |
|
32 17/19p ordinary |
CFD |
reducing a short position |
5,183 |
6.1665 GBP |
|
32 17/19p ordinary |
CFD |
reducing a short position |
582 |
6.1689 GBP |
|
32 17/19p ordinary |
CFD |
reducing a short position |
6,673 |
6.1722 GBP |
|
32 17/19p ordinary |
CFD |
reducing a short position |
10,230 |
6.1729 GBP |
|
32 17/19p ordinary |
CFD |
reducing a short position |
6,389 |
6.1729 GBP |
|
32 17/19p ordinary |
CFD |
reducing a short position |
4,002 |
6.1729 GBP |
|
32 17/19p ordinary |
CFD |
reducing a short position |
13,442 |
6.1740 GBP |
|
32 17/19p ordinary |
CFD |
reducing a short position |
10,381 |
6.1750 GBP |
|
32 17/19p ordinary |
CFD |
reducing a short position |
86,558 |
6.1767 GBP |
|
32 17/19p ordinary |
CFD |
reducing a short position |
44,812 |
6.1801 GBP |
|
32 17/19p ordinary |
CFD |
reducing a short position |
1,142 |
6.1828 GBP |
|
32 17/19p ordinary |
CFD |
reducing a short position |
3,531 |
6.1856 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: |
04 June 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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