Form 8.5 (EPT/RI)_DirectLine_MLI

Bank of America Merrill Lynch
04 March 2024
 

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:

Merrill Lynch International

(b)

Name of offeror/offeree in relation to whose
relevant securities this form relates:
Use a separate form for each offeror/offeree

DIRECT LINE INSURANCE GROUP PLC

(c)

Name of the party to the offer with which exempt principal trader is connected:

AGEAS SA/NV

(d)

Date dealing undertaken:

01/03/2024

(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

If YES, specify which:


(AGEAS SA/NV)

 

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

Ordinary 10 10/11p

Purchase

6,809,648

2.091 GBP

2.031 GBP

Ordinary 10 10/11p

Sale

4,552,934

2.091 GBP

2.007 GBP

 

(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

Ordinary 10 10/11p

Swaps - Equity Swaps

Reducing a short position

                             1,164

 2.082 GBP

Ordinary 10 10/11p

Swaps - Equity Swaps

Reducing a short position

                             2,624

 2.082 GBP

Ordinary 10 10/11p

Swaps - Equity Swaps

Reducing a short position

                             9,806

 2.064 GBP

Ordinary 10 10/11p

Swaps - Equity Swaps

Reducing a short position

                             2,566

 2.627 USD

Ordinary 10 10/11p

Swaps - Equity Swaps

Reducing a short position

                             9,757

 2.062 GBP

Ordinary 10 10/11p

Swaps - Equity Swaps

Closing a Long Position

                             1,715

 2.02 GBP

Ordinary 10 10/11p

Swaps - Equity Swaps

Reducing a short position

                                696

 2.082 GBP

Ordinary 10 10/11p

Swaps - Equity Swaps

Closing a Short Position

                             1,403

 2.082 GBP

Ordinary 10 10/11p

Swaps - Equity Swaps

Increasing a short position

                                103

 2.077 GBP

Ordinary 10 10/11p

Swaps - Equity Swaps

Reducing a short position

                             5,291

 2.071 GBP

Ordinary 10 10/11p

Swaps - Equity Swaps

Reducing a short position

                            20,196

 2.062 GBP

Ordinary 10 10/11p

Swaps - Equity Swaps

Reducing a short position

                            10,362

 2.062 GBP

Ordinary 10 10/11p

Swaps - Equity Swaps

Reducing a short position

                            22,338

 2.07 GBP

Ordinary 10 10/11p

Swaps - Equity Swaps

Reducing a short position

                            20,808

 2.09 GBP

Ordinary 10 10/11p

Swaps - Equity Swaps

Reducing a short position

                            12,471

 2.062 GBP

Ordinary 10 10/11p

Swaps - Equity Swaps

Reducing a long position

                             1,543

 2.02 GBP

Ordinary 10 10/11p

Swaps - Equity Swaps

Reducing a long position

                             1,119

 2.02 GBP

Ordinary 10 10/11p

Swaps - Equity Swaps

Reducing a short position

                                534

 2.627 USD

Ordinary 10 10/11p

Swaps - Equity Swaps

Opening a Short position

                       2,000,000

 2.05 GBP

Ordinary 10 10/11p

Swaps - Equity Swaps

Reducing a short position

                            25,704

 2.08 GBP

Ordinary 10 10/11p

Swaps - Equity Swaps

Reducing a short position

                            20,808

 2.043 GBP

Ordinary 10 10/11p

Swaps - Equity Swaps

Reducing a short position

                            11,901

 2.063 GBP

Ordinary 10 10/11p

Swaps - Equity Swaps

Reducing a short position

                             3,666

 2.062 GBP

Ordinary 10 10/11p

Swaps - Equity Swaps

Reducing a short position

                            11,530

 2.06 GBP

Ordinary 10 10/11p

Swaps - Equity Swaps

Closing a Short Position

                                621

 2.082 GBP

Ordinary 10 10/11p

Swaps - Equity Swaps

Reducing a short position

                             1,572

 2.082 GBP

Ordinary 10 10/11p

Swaps - Equity Swaps

Reducing a short position

                            10,701

 2.047 GBP

Ordinary 10 10/11p

Swaps - Equity Swaps

Reducing a short position

                            20,196

 2.058 GBP

Ordinary 10 10/11p

Swaps - Equity Swaps

Opening a Short position

                             3,326

 2.055 GBP

Ordinary 10 10/11p

Swaps - Equity Swaps

Reducing a short position

                             4,842

 2.071 GBP

Ordinary 10 10/11p

Swaps - Equity Swaps

Opening a long position

                            10,351

 2.02 GBP

Ordinary 10 10/11p

Swaps - Equity Swaps

Reducing a short position

                            20,196

 2.072 GBP

Ordinary 10 10/11p

Swaps - Equity Swaps

Closing a Long Position

                             3,367

 2.055 GBP

Ordinary 10 10/11p

Swaps - Equity Swaps

Reducing a short position

                            16,136

 2.071 GBP

Ordinary 10 10/11p

Swaps - Equity Swaps

Reducing a short position

                            16,585

 2.071 GBP

Ordinary 10 10/11p

Swaps - Equity Swaps

Reducing a long position

                                213

 2.02 GBP

Ordinary 10 10/11p

Swaps - Equity Swaps

Reducing a long position

                             3,069

 2.02 GBP

Ordinary 10 10/11p

Swaps - Equity Swaps

Reducing a long position

                             2,692

 2.02 GBP

Ordinary 10 10/11p

Swaps - Equity Swaps

Reducing a short position

                             4,896

 2.627 USD

 

(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:

04/03/2024

Contact name:

Frank Lui

Telephone number:

+44207 996 6418

 

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UK 100

Latest directors dealings