Form 8.5 (EPT/RI)-Replacement of Direct Line

Morgan Stanley & Co. Int'l plc
12 March 2024
 

AMENDMENT(2(a), 2(b))

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

Direct Line Insurance Group 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:

08 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

PURCHASES

2,250,799

2.2660 GBP

2.1662 GBP

Ordinary 10 10/11p

SALES

818,019

2.2670 GBP

2.2000 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

CFD

increasing a long position

1

2.2060 GBP

Ordinary 10 10/11p

CFD

increasing a long position

117,993

2.2397 GBP

Ordinary 10 10/11p

CFD

increasing a long position

13,547

2.2397 GBP

Ordinary 10 10/11p

CFD

increasing a long position

12,494

2.2420 GBP

Ordinary 10 10/11p

CFD

increasing a long position

39,652

2.2451 GBP

Ordinary 10 10/11p

CFD

increasing a long position

1,291

2.2554 GBP

Ordinary 10 10/11p

CFD

increasing a short position

3,238

2.1662 GBP

Ordinary 10 10/11p

CFD

increasing a short position

17,436

2.1662 GBP

Ordinary 10 10/11p

CFD

increasing a short position

794

2.1662 GBP

Ordinary 10 10/11p

CFD

increasing a short position

1,185

2.1662 GBP

Ordinary 10 10/11p

CFD

increasing a short position

71,928

2.1662 GBP

Ordinary 10 10/11p

CFD

increasing a short position

2,173

2.1662 GBP

Ordinary 10 10/11p

CFD

increasing a short position

1,930

2.2073 GBP

Ordinary 10 10/11p

CFD

increasing a short position

2,503

2.2119 GBP

Ordinary 10 10/11p

CFD

increasing a short position

1,221

2.2155 GBP

Ordinary 10 10/11p

CFD

increasing a short position

2,358

2.2173 GBP

Ordinary 10 10/11p

CFD

increasing a short position

770,602

2.2365 GBP

Ordinary 10 10/11p

CFD

increasing a short position

30,875

2.2400 GBP

Ordinary 10 10/11p

CFD

increasing a short position

173,427

2.2400 GBP

Ordinary 10 10/11p

CFD

increasing a short position

247,816

2.2402 GBP

Ordinary 10 10/11p

CFD

increasing a short position

32,700

2.2405 GBP

Ordinary 10 10/11p

CFD

increasing a short position

106,448

2.2405 GBP

Ordinary 10 10/11p

CFD

increasing a short position

3,031

2.2425 GBP

Ordinary 10 10/11p

CFD

increasing a short position

378

2.2437 GBP

Ordinary 10 10/11p

CFD

increasing a short position

6,662

2.2451 GBP

Ordinary 10 10/11p

CFD

increasing a short position

200,000

2.2453 GBP

Ordinary 10 10/11p

CFD

increasing a short position

5

2.2480 GBP

Ordinary 10 10/11p

CFD

increasing a short position

281,850

2.2480 GBP

Ordinary 10 10/11p

CFD

increasing a short position

2,500

2.2530 GBP

Ordinary 10 10/11p

CFD

increasing a short position

28,321

2.2610 GBP

Ordinary 10 10/11p

CFD

increasing a short position

2,243

2.2616 GBP

Ordinary 10 10/11p

CFD

reducing a long position

1

2.2030 GBP

Ordinary 10 10/11p

CFD

reducing a long position

2,589

2.2213 GBP

Ordinary 10 10/11p

CFD

reducing a long position

29,633

2.2358 GBP

Ordinary 10 10/11p

CFD

reducing a long position

12,494

2.2385 GBP

Ordinary 10 10/11p

CFD

reducing a long position

664

2.2400 GBP

Ordinary 10 10/11p

CFD

reducing a long position

503

2.2400 GBP

Ordinary 10 10/11p

CFD

reducing a long position

11,022

2.2400 GBP

Ordinary 10 10/11p

CFD

reducing a long position

1,291

2.2400 GBP

Ordinary 10 10/11p

CFD

reducing a long position

9,512

2.2414 GBP

Ordinary 10 10/11p

CFD

reducing a long position

11,896

2.2435 GBP

Ordinary 10 10/11p

CFD

reducing a long position

92

2.2442 GBP

Ordinary 10 10/11p

CFD

reducing a long position

26,709

2.2504 GBP

Ordinary 10 10/11p

CFD

reducing a long position

11,018

2.2572 GBP

Ordinary 10 10/11p

CFD

reducing a short position

356

2.2000 GBP

Ordinary 10 10/11p

CFD

reducing a short position

26,680

2.2050 GBP

Ordinary 10 10/11p

CFD

reducing a short position

583

2.2135 GBP

Ordinary 10 10/11p

CFD

reducing a short position

9

2.2366 GBP

Ordinary 10 10/11p

CFD

reducing a short position

17,651

2.2383 GBP

Ordinary 10 10/11p

CFD

reducing a short position

1,066

2.2383 GBP

Ordinary 10 10/11p

CFD

reducing a short position

112

2.2383 GBP

Ordinary 10 10/11p

CFD

reducing a short position

2,551

2.2396 GBP

Ordinary 10 10/11p

CFD

reducing a short position

2,125

2.2399 GBP

Ordinary 10 10/11p

CFD

reducing a short position

1,914

2.2400 GBP

Ordinary 10 10/11p

CFD

reducing a short position

121,814

2.2400 GBP

Ordinary 10 10/11p

CFD

reducing a short position

2,248

2.2400 GBP

Ordinary 10 10/11p

CFD

reducing a short position

1

2.2400 GBP

Ordinary 10 10/11p

CFD

reducing a short position

18,365

2.2403 GBP

Ordinary 10 10/11p

CFD

reducing a short position

13,716

2.2403 GBP

Ordinary 10 10/11p

CFD

reducing a short position

877

2.2405 GBP

Ordinary 10 10/11p

CFD

reducing a short position

65

2.2456 GBP

Ordinary 10 10/11p

CFD

reducing a short position

4,373

2.2543 GBP

Ordinary 10 10/11p

CFD

reducing a short position

21

2.2550 GBP

Ordinary 10 10/11p

CFD

reducing a short position

5,323

2.2552 GBP

Ordinary 10 10/11p

CFD

reducing a short position

26,660

2.2556 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:

12 March 2024

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.

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