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

Morgan Stanley & Co. Int'l plc
22 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:

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

SALES

1,373,178

2.1320 GBP

2.0900 GBP

Ordinary 10 10/11p

PURCHASES

1,678,513

2.1330 GBP

2.0889 GBP

Ordinary 10 10/11p

PURCHASES

55,606

2.4773 EUR

2.4773 EUR

 

(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

901

2.1009 GBP

Ordinary 10 10/11p

CFD

increasing a long position

1,785

2.1070 GBP

Ordinary 10 10/11p

CFD

increasing a long position

2,141

2.1144 GBP

Ordinary 10 10/11p

CFD

increasing a long position

44,345

2.1199 GBP

Ordinary 10 10/11p

CFD

increasing a long position

6,546,028

2.1200 GBP

Ordinary 10 10/11p

CFD

increasing a short position

107

2.0944 GBP

Ordinary 10 10/11p

CFD

increasing a short position

2,865

2.1024 GBP

Ordinary 10 10/11p

CFD

increasing a short position

228

2.1040 GBP

Ordinary 10 10/11p

CFD

increasing a short position

84,745

2.1074 GBP

Ordinary 10 10/11p

CFD

increasing a short position

10,161

2.1140 GBP

Ordinary 10 10/11p

CFD

increasing a short position

10,162

2.1146 GBP

Ordinary 10 10/11p

CFD

increasing a short position

62,200

2.1148 GBP

Ordinary 10 10/11p

CFD

increasing a short position

12,135

2.1150 GBP

Ordinary 10 10/11p

CFD

increasing a short position

176,696

2.1150 GBP

Ordinary 10 10/11p

CFD

increasing a short position

51,289

2.1150 GBP

Ordinary 10 10/11p

CFD

increasing a short position

68,550

2.1152 GBP

Ordinary 10 10/11p

CFD

increasing a short position

9,832

2.1158 GBP

Ordinary 10 10/11p

CFD

increasing a short position

85,634

2.1158 GBP

Ordinary 10 10/11p

CFD

increasing a short position

11,277

2.1170 GBP

Ordinary 10 10/11p

CFD

increasing a short position

26,185

2.1177 GBP

Ordinary 10 10/11p

CFD

increasing a short position

5,241

2.1177 GBP

Ordinary 10 10/11p

CFD

increasing a short position

44,456

2.1189 GBP

Ordinary 10 10/11p

CFD

increasing a short position

4

2.1206 GBP

Ordinary 10 10/11p

CFD

increasing a short position

22

2.1209 GBP

Ordinary 10 10/11p

CFD

increasing a short position

98

2.1212 GBP

Ordinary 10 10/11p

CFD

increasing a short position

1,678

2.1218 GBP

Ordinary 10 10/11p

CFD

increasing a short position

469,862

2.1243 GBP

Ordinary 10 10/11p

CFD

increasing a short position

5,366

2.1266 GBP

Ordinary 10 10/11p

CFD

increasing a short position

164,392

2.1267 GBP

Ordinary 10 10/11p

CFD

reducing a long position

1,785

2.1110 GBP

Ordinary 10 10/11p

CFD

reducing a long position

901

2.1134 GBP

Ordinary 10 10/11p

CFD

reducing a long position

44,345

2.1150 GBP

Ordinary 10 10/11p

CFD

reducing a long position

994

2.1150 GBP

Ordinary 10 10/11p

CFD

reducing a long position

23,395

2.1150 GBP

Ordinary 10 10/11p

CFD

reducing a long position

46,924

2.1151 GBP

Ordinary 10 10/11p

CFD

reducing a long position

64,324

2.1158 GBP

Ordinary 10 10/11p

CFD

reducing a long position

90,287

2.1177 GBP

Ordinary 10 10/11p

CFD

reducing a long position

19,843

2.1183 GBP

Ordinary 10 10/11p

CFD

reducing a long position

6,546,028

2.1200 GBP

Ordinary 10 10/11p

CFD

reducing a long position

5,000

2.1200 GBP

Ordinary 10 10/11p

CFD

reducing a long position

2,299

2.1270 GBP

Ordinary 10 10/11p

CFD

reducing a short position

88

2.0920 GBP

Ordinary 10 10/11p

CFD

reducing a short position

178

2.0920 GBP

Ordinary 10 10/11p

CFD

reducing a short position

347

2.0920 GBP

Ordinary 10 10/11p

CFD

reducing a short position

17

2.0920 GBP

Ordinary 10 10/11p

CFD

reducing a short position

11

2.1036 GBP

Ordinary 10 10/11p

CFD

reducing a short position

406,505

2.1046 GBP

Ordinary 10 10/11p

CFD

reducing a short position

32,270

2.1057 GBP

Ordinary 10 10/11p

CFD

reducing a short position

27,512

2.1060 GBP

Ordinary 10 10/11p

CFD

reducing a short position

52

2.1087 GBP

Ordinary 10 10/11p

CFD

reducing a short position

6,777

2.1091 GBP

Ordinary 10 10/11p

CFD

reducing a short position

67

2.1093 GBP

Ordinary 10 10/11p

CFD

reducing a short position

7,093

2.1114 GBP

Ordinary 10 10/11p

CFD

reducing a short position

124,989

2.1139 GBP

Ordinary 10 10/11p

CFD

reducing a short position

36,009

2.1150 GBP

Ordinary 10 10/11p

CFD

reducing a short position

21,911

2.1150 GBP

Ordinary 10 10/11p

CFD

reducing a short position

1,510

2.1150 GBP

Ordinary 10 10/11p

CFD

reducing a short position

181

2.1150 GBP

Ordinary 10 10/11p

CFD

reducing a short position

61,683

2.1152 GBP

Ordinary 10 10/11p

CFD

reducing a short position

9,179

2.1152 GBP

Ordinary 10 10/11p

CFD

reducing a short position

12,289

2.1152 GBP

Ordinary 10 10/11p

CFD

reducing a short position

619

2.1154 GBP

Ordinary 10 10/11p

CFD

reducing a short position

3,099

2.1156 GBP

Ordinary 10 10/11p

CFD

reducing a short position

114,019

2.1161 GBP

Ordinary 10 10/11p

CFD

reducing a short position

79,098

2.1165 GBP

Ordinary 10 10/11p

CFD

reducing a short position

57,217

2.1172 GBP

Ordinary 10 10/11p

CFD

reducing a short position

40,881

2.1176 GBP

Ordinary 10 10/11p

CFD

reducing a short position

2,291

2.1189 GBP

Ordinary 10 10/11p

CFD

reducing a short position

1,441

2.1191 GBP

Ordinary 10 10/11p

CFD

reducing a short position

144,549

2.1191 GBP

Ordinary 10 10/11p

CFD

reducing a short position

6,406

2.1191 GBP

Ordinary 10 10/11p

CFD

reducing a short position

2,027

2.1191 GBP

Ordinary 10 10/11p

CFD

reducing a short position

34,858

2.1191 GBP

Ordinary 10 10/11p

CFD

reducing a short position

4,319

2.1191 GBP

Ordinary 10 10/11p

CFD

reducing a short position

2,377

2.1191 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:

22 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