Form 8.5(EPT/RI)-Direct Line Insurance Group Amend

JPMorgan Securities Plc
22 March 2024
 

AMENDMENT

 

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:

J.P. Morgan Securities Plc

(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:

Financial Adviser to Direct Line Insurance Group plc

(d) Date dealing undertaken:

20 March 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, 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

 

Sale

1,021,863

 

1,099,776

2.1320 GBP

 

2.1310 GBP

2.1012 GBP

 

2.0889 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

Equity Swap

Decrease Long

 

 

Decrease Short

 

 

 

 

 

 

 

 

 

 

 

 

 

Increase Long

 

 

Increase Short

 

 

 

 

 

 

 

Opening a long position

 

 

 

 

 

 

 

Opening a short position

20,167

 5

 

 6,540

 71,587

 19,818

 19,175

 13,033

 36,533

 1,524

 7,520

 3,829

 22,900

 6,809

 200,000

 57,083

 

 6,500

 101

 

 22,200

 23,129

 73,249

 4,266

 143,527

 155,926

 13,088

 

 1,571

 3,269

 1,717

 4,194

 120,948

 140,975

 691

 

 2,316

 101,851

 3,885

 124,959

 8,640

 2,278

 12,996

 6,241

 8,657

 1,542

2.1155 GBP

2.1236 GBP

 

2.1013 GBP

2.1053 GBP

2.1112 GBP

2.1152 GBP

2.1154 GBP

2.1163 GBP

2.1191 GBP

2.1209 GBP

2.1242 GBP

2.1250 GBP

2.1253 GBP

2.1279 GBP

2.1301 GBP

 

2.1061 GBP

2.1066 GBP

 

2.1140 GBP

2.1142 GBP

2.1153 GBP

2.1158 GBP

2.1179 GBP

2.1194 GBP

2.1213 GBP

 

2.1039 GBP

2.1100 GBP

2.1104 GBP

2.1127 GBP

2.1149 GBP

2.1150 GBP

2.1297 GBP

 

2.1046 GBP

2.1112 GBP

2.1115 GBP

2.1150 GBP

2.1192 GBP

2.1200 GBP

2.1214 GBP

2.1221 GBP

2.1239 GBP

2.1270 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









 

(ii)        Exercise

 

Class of relevant security

Product description

e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

 

 

 

 

 

 

 

(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)

 

 

 

 

 

 

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:

22 March 2024

Contact name:

Natasha Mondon

Telephone number:

01202 325175

 

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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