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Morgan Stanley & Co. - Form 8.5 (EPT/RI)-Replacement of RSA INSURANCE GRP

RNS Number : 3510G
Morgan Stanley & Co. Int'l plc
24 November 2020
 

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

RSA Insurance Group plc

(c) Name of the party to the offer with which exempt principal trader is connected:

A consortium of Intact Financial Corporation and Tryg A/S

(d) Date dealing undertaken:

18 November 2020

(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"

NO

 

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

100p ordinary

SALES

23,993,204

6.7680 GBP

6.7060 GBP

100p ordinary

PURCHASES

30,752,636

6.7687 GBP

6.7034 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

100p ordinary

CFD

LONG

201,596

6.7123 GBP

100p ordinary

CFD

LONG

245,904

6.7153 GBP

100p ordinary

CFD

LONG

893,578

6.7156 GBP

100p ordinary

CFD

LONG

197,000

6.7160 GBP

100p ordinary

CFD

LONG

24,386

6.7170 GBP

100p ordinary

CFD

LONG

93,012

6.7170 GBP

100p ordinary

CFD

LONG

111,108

6.7173 GBP

100p ordinary

CFD

LONG

4,700

6.7173 GBP

100p ordinary

CFD

LONG

47,524

6.7198 GBP

100p ordinary

CFD

LONG

7,000

6.7200 GBP

100p ordinary

CFD

LONG

405,257

6.7200 GBP

100p ordinary

CFD

LONG

12,000

6.7200 GBP

100p ordinary

CFD

LONG

980

6.7210 GBP

100p ordinary

CFD

LONG

3,697

6.7220 GBP

100p ordinary

CFD

LONG

733

6.7220 GBP

100p ordinary

CFD

LONG

80,745

6.7224 GBP

100p ordinary

CFD

LONG

100,000

6.7233 GBP

100p ordinary

CFD

LONG

485,458

6.7239 GBP

100p ordinary

CFD

LONG

431,966

6.7239 GBP

100p ordinary

CFD

LONG

3,704

6.7242 GBP

100p ordinary

CFD

LONG

10,000

6.7260 GBP

100p ordinary

CFD

LONG

58,394

6.7268 GBP

100p ordinary

CFD

LONG

1,773

6.7269 GBP

100p ordinary

CFD

LONG

99,776

6.7306 GBP

100p ordinary

CFD

LONG

4,503

6.7308 GBP

100p ordinary

CFD

LONG

500,000

6.7339 GBP

100p ordinary

CFD

LONG

94,251

6.7339 GBP

100p ordinary

CFD

LONG

56,556

6.7346 GBP

100p ordinary

CFD

LONG

149,444

6.7346 GBP

100p ordinary

CFD

LONG

81,619

6.7372 GBP

100p ordinary

CFD

LONG

76,381

6.7373 GBP

100p ordinary

CFD

LONG

14,377

6.7401 GBP

100p ordinary

CFD

LONG

13,813

6.7424 GBP

100p ordinary

CFD

LONG

1,592

6.7427 GBP

100p ordinary

CFD

LONG

500,000

6.7503 GBP

100p ordinary

CFD

LONG

6,722

6.7526 GBP

100p ordinary

CFD

LONG

163,051

6.7528 GBP

100p ordinary

CFD

LONG

11,342

6.7530 GBP

100p ordinary

CFD

LONG

9,000

6.7546 GBP

100p ordinary

CFD

LONG

2,400

6.7553 GBP

100p ordinary

CFD

LONG

111

6.7680 GBP

100p ordinary

CFD

SHORT

200,000

6.7034 GBP

100p ordinary

CFD

SHORT

47,404

6.7080 GBP

100p ordinary

CFD

SHORT

24,250

6.7180 GBP

100p ordinary

CFD

SHORT

9,074

6.7180 GBP

100p ordinary

CFD

SHORT

39,874

6.7192 GBP

100p ordinary

CFD

SHORT

3,454

6.7197 GBP

100p ordinary

CFD

SHORT

301,092

6.7200 GBP

100p ordinary

CFD

SHORT

45,075

6.7206 GBP

100p ordinary

CFD

SHORT

522,280

6.7206 GBP

100p ordinary

CFD

SHORT

1,147

6.7213 GBP

100p ordinary

CFD

SHORT

158

6.7213 GBP

100p ordinary

CFD

SHORT

602

6.7213 GBP

100p ordinary

CFD

SHORT

2,964

6.7213 GBP

100p ordinary

CFD

SHORT

452

6.7213 GBP

100p ordinary

CFD

SHORT

10,000

6.7220 GBP

100p ordinary

CFD

SHORT

16,676

6.7221 GBP

100p ordinary

CFD

SHORT

51,000

6.7222 GBP

100p ordinary

CFD

SHORT

9,000

6.7222 GBP

100p ordinary

CFD

SHORT

1,028

6.7245 GBP

100p ordinary

CFD

SHORT

5,713

6.7257 GBP

100p ordinary

CFD

SHORT

75,008

6.7264 GBP

100p ordinary

CFD

SHORT

23,860

6.7265 GBP

100p ordinary

CFD

SHORT

68,750

6.7274 GBP

100p ordinary

CFD

SHORT

14,250

6.7274 GBP

100p ordinary

CFD

SHORT

8,026

6.7287 GBP

100p ordinary

CFD

SHORT

24,155

6.7291 GBP

100p ordinary

CFD

SHORT

35,851

6.7291 GBP

100p ordinary

CFD

SHORT

9,312

6.7291 GBP

100p ordinary

CFD

SHORT

5,199

6.7291 GBP

100p ordinary

CFD

SHORT

53,723

6.7301 GBP

100p ordinary

CFD

SHORT

4,800

6.7330 GBP

100p ordinary

CFD

SHORT

145,000

6.7330 GBP

100p ordinary

CFD

SHORT

53,852

6.7330 GBP

100p ordinary

CFD

SHORT

125,665

6.7331 GBP

100p ordinary

CFD

SHORT

129,676

6.7344 GBP

100p ordinary

CFD

SHORT

49,992

6.7344 GBP

100p ordinary

CFD

SHORT

27,914

6.7344 GBP

100p ordinary

CFD

SHORT

192,465

6.7344 GBP

100p ordinary

CFD

SHORT

197,857

6.7348 GBP

100p ordinary

CFD

SHORT

919,151

6.7348 GBP

100p ordinary

CFD

SHORT

354,344

6.7348 GBP

100p ordinary

CFD

SHORT

1,364,204

6.7348 GBP

100p ordinary

CFD

SHORT

33,592

6.7350 GBP

100p ordinary

CFD

SHORT

55,828

6.7354 GBP

100p ordinary

CFD

SHORT

384,931

6.7354 GBP

100p ordinary

CFD

SHORT

99,984

6.7354 GBP

100p ordinary

CFD

SHORT

259,352

6.7354 GBP

100p ordinary

CFD

SHORT

1,600

6.7366 GBP

100p ordinary

CFD

SHORT

1,556

6.7391 GBP

100p ordinary

CFD

SHORT

5,931

6.7391 GBP

100p ordinary

CFD

SHORT

11,286

6.7391 GBP

100p ordinary

CFD

SHORT

29,177

6.7391 GBP

100p ordinary

CFD

SHORT

4,449

6.7391 GBP

100p ordinary

CFD

SHORT

900

6.7401 GBP

100p ordinary

CFD

SHORT

43,235

6.7401 GBP

100p ordinary

CFD

SHORT

5,500

6.7401 GBP

100p ordinary

CFD

SHORT

400

6.7401 GBP

100p ordinary

CFD

SHORT

2,800

6.7401 GBP

100p ordinary

CFD

SHORT

104,097

6.7413 GBP

100p ordinary

CFD

SHORT

15,097

6.7413 GBP

100p ordinary

CFD

SHORT

27,039

6.7413 GBP

100p ordinary

CFD

SHORT

70,137

6.7413 GBP

100p ordinary

CFD

SHORT

176

6.7421 GBP

100p ordinary

CFD

SHORT

44,126

6.7447 GBP

100p ordinary

CFD

SHORT

3,808

6.7447 GBP

100p ordinary

CFD

SHORT

733

6.7449 GBP

100p ordinary

CFD

SHORT

10,200

6.7451 GBP

100p ordinary

CFD

SHORT

515,459

6.7451 GBP

100p ordinary

CFD

SHORT

4,600

6.7451 GBP

100p ordinary

CFD

SHORT

65,900

6.7451 GBP

100p ordinary

CFD

SHORT

33,100

6.7451 GBP

100p ordinary

CFD

SHORT

87,454

6.7454 GBP

100p ordinary

CFD

SHORT

156,622

6.7454 GBP

100p ordinary

CFD

SHORT

406,271

6.7454 GBP

100p ordinary

CFD

SHORT

602,987

6.7454 GBP

100p ordinary

CFD

SHORT

71,197

6.7514 GBP

100p ordinary

CFD

SHORT

95,180

6.7514 GBP

100p ordinary

CFD

SHORT

77,317

6.7514 GBP

100p ordinary

CFD

SHORT

5,425

6.7514 GBP

100p ordinary

CFD

SHORT

112,473

6.7514 GBP

100p ordinary

CFD

SHORT

27,908

6.7514 GBP

100p ordinary

CFD

SHORT

13,940

6.7514 GBP

100p ordinary

CFD

SHORT

92,962

6.7514 GBP

100p ordinary

CFD

SHORT

1,725

6.7514 GBP

100p ordinary

CFD

SHORT

1,873

6.7514 GBP

100p ordinary

CFD

SHORT

3,050

6.7528 GBP

100p ordinary

CFD

SHORT

29,701

6.7547 GBP

100p ordinary

CFD

SHORT

113,191

6.7547 GBP

100p ordinary

CFD

SHORT

215,392

6.7547 GBP

100p ordinary

CFD

SHORT

556,815

6.7547 GBP

100p ordinary

CFD

SHORT

84,901

6.7547 GBP

100p ordinary

CFD

SHORT

202,959

6.7615 GBP

100p ordinary

CFD

SHORT

27,986

6.7615 GBP

100p ordinary

CFD

SHORT

106,658

6.7615 GBP

100p ordinary

CFD

SHORT

524,675

6.7615 GBP

100p ordinary

CFD

SHORT

80,000

6.7615 GBP

100p ordinary

CFD

SHORT

1,206,058

6.7640 GBP

100p ordinary

CFD

SHORT

115,086

6.7670 GBP

100p ordinary

CFD

SHORT

3,697

6.7680 GBP

100p ordinary

CFD

SHORT

13,365

6.7680 GBP

100p ordinary

CFD

SHORT

5,417

6.7680 GBP

100p ordinary

CFD

SHORT

12,438

6.7680 GBP

100p ordinary

CFD

SHORT

8,200

6.7687 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

100p ordinary

CALL SHORT

EXERCISED AGAINST

76,000

4.6000 GBP

 

(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:

24 November 2020

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.

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