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
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(a) Name of exempt principal trader: |
J.P. Morgan Securities Plc |
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(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree |
Ageas SA/NV |
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(c) Name of the party to the offer with which exempt principal trader is connected: |
Financial Adviser to Direct Line Insurance Group plc |
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(d) Date dealing undertaken: |
25 March 2024 |
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(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, Direct Line Insurance Group plc |
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
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Class of relevant security |
Purchases/ sales
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Total number of securities |
Highest price per unit paid/received |
Lowest price per unit paid/received |
|
Ordinary |
Purchase
Sale |
339,529
212,105 |
41.6459 EUR
41.6600 EUR |
40.7500 EUR
40.9965 EUR |
(b) Cash-settled derivative transactions
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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 |
Equity Swap |
Decrease Long
Decrease Short
Increase Long
Increase Short
|
22,796 700 2,177 9 3,810 2,879 8,443 7,911 374 1,028 12,195 19,707 586 2,745 12 10,839 2,316 164 456 49 5,442
880 2,075 2,128 1,019 154 582
22,796 460 4 227 1,514 2,250 1,099 289 431 4,921 216 908 376 47
25,135 9,368 2,685 1,014 1,095 |
0.0000 EUR 35.5868 EUR 35.6180 EUR 41.0005 EUR 41.4500 EUR 41.4521 EUR 41.4537 EUR 41.4749 EUR 41.4856 EUR 41.4906 EUR 41.5159 EUR 41.5218 EUR 41.5349 EUR 41.5398 EUR 41.5400 EUR 41.5643 EUR 41.5699 EUR 41.6023 EUR 41.6132 EUR 41.6227 EUR 41.6459 EUR
41.4446 EUR 41.4486 EUR 41.4500 EUR 41.4559 EUR 41.5216 EUR 41.5446 EUR
0.0000 EUR 40.9980 EUR 41.1575 EUR 41.4483 EUR 41.4500 EUR 41.4522 EUR 41.4554 EUR 41.4652 EUR 41.4799 EUR 41.5163 EUR 41.5249 EUR 41.5360 EUR 41.5497 EUR 41.5786 EUR
40.7500 EUR 41.4518 EUR 41.4886 EUR 41.5047 EUR 41.5062 EUR |
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
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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 |
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(ii) Exercise
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Class of relevant security |
Product description e.g. call option |
Exercising/ exercised against |
Number of securities |
Exercise price per unit |
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|
|
|
|
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(d) Other dealings (including subscribing for new securities)
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Class of relevant security |
Nature of dealing e.g. subscription, conversion |
Details |
Price per unit (if applicable) |
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|
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3. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
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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" |
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None
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(b) Agreements, arrangements or understandings relating to options or derivatives
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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" |
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None
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Date of disclosure: |
26 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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