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

JPMorgan Securities Plc
14 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:

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:

13 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

9,342,848

 

6,293,341

2.3450 GBP

 

2.3080 GBP

2.0650 GBP

 

2.0650 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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5,105

144,941

 

10,000

14,492

1

475,457

90,000

138

12,282

148

11,870

4,377

4,130

474,025

13,660

117

613

415

24

155

5,200

15,774

19,965

 

2

1,864

3,302

2

72,074

78,888

 

1,271,628

200,000

289,722

57,073

200,000

182,500

42,464

182,500

52,939

34,179

18,606

600,000

18,700

4

11,394

 

1,440

428

6,908

4,363

6,957

811

23,081

11,394

19,794

241,678

847

830

 

15,335

7,284

11,207

5,096

1,957

2,076

15,945

5,545

1,348

21,668

811

21,402

59,577

108,980

559

103,329

693

745

629

4,589

5,502

9,598

2.1603 GBP

2.1992 GBP

 

2.0968 GBP

2.1304 GBP

2.1310 GBP

2.1358 GBP

2.1404 GBP

2.1434 GBP

2.1452 GBP

2.1503 GBP

2.1516 GBP

2.1598 GBP

2.1599 GBP

2.1600 GBP

2.1604 GBP

2.1605 GBP

2.1634 GBP

2.1714 GBP

2.2495 GBP

2.2548 GBP

2.2563 GBP

2.2582 GBP

2.2589 GBP

 

2.1438 GBP

2.1514 GBP

2.1596 GBP

2.1598 GBP

2.1694 GBP

2.1721 GBP

 

2.1110 GBP

2.1161 GBP

2.1199 GBP

2.1205 GBP

2.1211 GBP

2.1225 GBP

2.1255 GBP

2.1364 GBP

2.1466 GBP

2.1599 GBP

2.1690 GBP

2.1708 GBP

2.1792 GBP

2.2351 GBP

2.2452 GBP

 

2.1173 GBP

2.1219 GBP

2.1328 GBP

2.1348 GBP

2.1414 GBP

2.1530 GBP

2.1543 GBP

2.1569 GBP

2.1599 GBP

2.1600 GBP

2.1836 GBP

2.2610 GBP

 

2.1062 GBP

2.1219 GBP

2.1228 GBP

2.1250 GBP

2.1285 GBP

2.1319 GBP

2.1348 GBP

2.1356 GBP

2.1421 GBP

2.1475 GBP

2.1530 GBP

2.1540 GBP

2.1600 GBP

2.1635 GBP

2.1933 GBP

2.2401 GBP

2.2475 GBP

2.2483 GBP

2.2490 GBP

2.2520 GBP

2.2590 GBP

2.2600 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:

14 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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