Last checked at 22 Mar 2024 14:09
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.