Last checked at 20 Mar 2024 17:52
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: | 15 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 | 9,096,183
12,623,715 | 2.1620 GBP
2.1610 GBP | 2.0485 GBP
2.0500 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
| 10,000 4,572 1,471 12,118 4,644
38,437 537 300,000 858 196,565 456 156 1,500,000 15,786 7,248 428 8,527 10,404 847,747 90,531 9,351 399 20,944 3,266 374 1,000,000 8,599
1 21,919 22,650 36,448
200,000 16,555 331 33,928 12,503 18,508 3,968 1,024 9,071 303,365 20,184 8,076 31,273 22,400 34 1,040
892 126 3,126 956,188 2,158 14,797 5,447 1 80 459
552,842 459 5,463 6,538 1,356 9,065 181,797 78,375 18,742 55,972 27,366 43,379 1,794 192 | 2.0542 GBP 2.0900 GBP 2.0920 GBP 2.1053 GBP 2.1147 GBP
2.0688 GBP 2.0719 GBP 2.0737 GBP 2.0804 GBP 2.0830 GBP 2.0870 GBP 2.0914 GBP 2.1000 GBP 2.1011 GBP 2.1073 GBP 2.1128 GBP 2.1147 GBP 2.1174 GBP 2.1222 GBP 2.1225 GBP 2.1263 GBP 2.1378 GBP 2.1390 GBP 2.1394 GBP 2.1426 GBP 2.1529 GBP 2.1581 GBP
2.0518 GBP 2.0828 GBP 2.1105 GBP 2.1491 GBP
2.0510 GBP 2.0616 GBP 2.0760 GBP 2.0809 GBP 2.0815 GBP 2.0829 GBP 2.0830 GBP 2.0831 GBP 2.0940 GBP 2.0942 GBP 2.1067 GBP 2.1125 GBP 2.1207 GBP 2.1229 GBP 2.1580 GBP 2.1620 GBP
2.0739 GBP 2.0740 GBP 2.0829 GBP 2.0830 GBP 2.1278 GBP 2.1280 GBP 2.1316 GBP 2.1374 GBP 2.1442 GBP 2.1590 GBP
2.0829 GBP 2.0830 GBP 2.0882 GBP 2.0908 GBP 2.1001 GBP 2.1032 GBP 2.1111 GBP 2.1127 GBP 2.1137 GBP 2.1179 GBP 2.1233 GBP 2.1276 GBP 2.1356 GBP 2.1516 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 |
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(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) |
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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
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(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
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| Date of disclosure: | 20 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.