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20 June 2025 23:10:41
- 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: |
19 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 |
3,213,489 |
6.1980 GBP |
6.1160 GBP |
|
32 17/19p ordinary |
SALES |
2,136,557 |
6.1980 GBP |
6.1160 GBP |
|
32 17/19p ordinary |
SALES |
55,086 |
7.2085 EUR |
7.2085 EUR |
|
32 17/19p ordinary |
SALES |
159 |
8.2787 USD |
8.2787 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 |
65,611 |
6.1520 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
2,250 |
6.1520 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
50,017 |
6.1520 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
3,322 |
6.1520 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
3 |
6.1520 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
62 |
6.1520 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
1,098 |
6.1520 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
107 |
6.1520 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
27,887 |
6.1534 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
50,379 |
6.1534 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
2 |
6.1542 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
55,086 |
6.1546 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
69,784 |
6.1547 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
25,252 |
6.1645 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
30,276 |
6.1652 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
46 |
6.1652 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
48,429 |
6.1652 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
6,890 |
6.1678 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
708 |
6.1678 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
13,647 |
6.1711 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
38,312 |
6.1741 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
41,083 |
6.1749 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
228,292 |
6.1794 GBP |
|
32 17/19p ordinary |
CFD |
increasing a long position |
34,057 |
6.1797 GBP |
|
32 17/19p ordinary |
CFD |
increasing a short position |
1,885 |
6.1327 GBP |
|
32 17/19p ordinary |
CFD |
increasing a short position |
1,189 |
6.1375 GBP |
|
32 17/19p ordinary |
CFD |
increasing a short position |
72,004 |
6.1520 GBP |
|
32 17/19p ordinary |
CFD |
increasing a short position |
3,000 |
6.1572 GBP |
|
32 17/19p ordinary |
CFD |
increasing a short position |
352,559 |
6.1588 GBP |
|
32 17/19p ordinary |
CFD |
increasing a short position |
95 |
6.1636 GBP |
|
32 17/19p ordinary |
CFD |
increasing a short position |
969 |
6.1636 GBP |
|
32 17/19p ordinary |
CFD |
increasing a short position |
88,903 |
6.1636 GBP |
|
32 17/19p ordinary |
CFD |
increasing a short position |
393 |
6.1636 GBP |
|
32 17/19p ordinary |
CFD |
increasing a short position |
24,255 |
6.1658 GBP |
|
32 17/19p ordinary |
CFD |
increasing a short position |
145,867 |
6.1658 GBP |
|
32 17/19p ordinary |
CFD |
increasing a short position |
6,242 |
6.1658 GBP |
|
32 17/19p ordinary |
CFD |
increasing a short position |
13,147 |
6.1658 GBP |
|
32 17/19p ordinary |
CFD |
increasing a short position |
38,584 |
6.1658 GBP |
|
32 17/19p ordinary |
CFD |
increasing a short position |
607 |
6.1705 GBP |
|
32 17/19p ordinary |
CFD |
increasing a short position |
1,146 |
6.1705 GBP |
|
32 17/19p ordinary |
CFD |
increasing a short position |
243,798 |
6.1747 GBP |
|
32 17/19p ordinary |
CFD |
increasing a short position |
7,800 |
6.1778 GBP |
|
32 17/19p ordinary |
CFD |
increasing a short position |
80 |
6.1791 GBP |
|
32 17/19p ordinary |
CFD |
increasing a short position |
252 |
6.1860 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
16,062 |
6.1299 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
845 |
6.1299 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
443,965 |
6.1520 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
51,594 |
6.1520 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
1 |
6.1520 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
493 |
6.1520 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
2,427 |
6.1605 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
263,200 |
6.1608 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
4,500 |
6.1619 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
6,908 |
6.1658 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
7,565 |
6.1693 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
1 |
6.1705 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
44,864 |
6.1708 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
9,273 |
6.1739 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
39,406 |
6.1795 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
14 |
6.1800 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
3 |
6.1800 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
4,406 |
6.1803 GBP |
|
32 17/19p ordinary |
CFD |
reducing a long position |
2 |
6.1919 GBP |
|
32 17/19p ordinary |
CFD |
reducing a short position |
111 |
6.1439 GBP |
|
32 17/19p ordinary |
CFD |
reducing a short position |
1,458 |
6.1520 GBP |
|
32 17/19p ordinary |
CFD |
reducing a short position |
69 |
6.1520 GBP |
|
32 17/19p ordinary |
CFD |
reducing a short position |
2,963 |
6.1542 GBP |
|
32 17/19p ordinary |
CFD |
reducing a short position |
159 |
6.1663 GBP |
|
32 17/19p ordinary |
CFD |
reducing a short position |
2,141 |
6.1713 GBP |
|
32 17/19p ordinary |
CFD |
reducing a short position |
6,334 |
6.1716 GBP |
|
32 17/19p ordinary |
CFD |
reducing a short position |
1,833 |
6.1716 GBP |
|
32 17/19p ordinary |
CFD |
reducing a short position |
42,779 |
6.1716 GBP |
|
32 17/19p ordinary |
CFD |
reducing a short position |
29,186 |
6.1716 GBP |
|
32 17/19p ordinary |
CFD |
reducing a short position |
2,694 |
6.1717 GBP |
|
32 17/19p ordinary |
CFD |
reducing a short position |
8,268 |
6.1728 GBP |
|
32 17/19p ordinary |
CFD |
reducing a short position |
265 |
6.1808 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: |
20 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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