Form 8.3 - Direct Line Insurance Group PLC

Citadel Group
04 March 2024
 

FORM 8.3

 

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

Rule 8.3 of the Takeover Code (the "Code")

 

1.         KEY INFORMATION

 

(a) Full name of discloser:

Citadel Group

(b) Owner or controller of interests and short positions disclosed, if different from 1(a):

     The naming of nominee or vehicle companies is insufficient.  For a trust, the trustee(s), settlor and beneficiaries must be named.

N/A

(c) 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

(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:

N/A

(e) Date position held/dealing undertaken:

     For an opening position disclosure, state the latest practicable date prior to the disclosure

1 March 2024

(f)  In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?

     If it is a cash offer or possible cash offer, state "N/A"

YES

AGEAS SA/NV

 

2.         POSITIONS OF THE PERSON MAKING THE DISCLOSURE

 

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

 

(a)        Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

 

Class of relevant security:

Common Stock

ISIN GB00BY9D0Y18

 

 

Interests

Short positions

 

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

46,519

0.00

122,462

0.00

(2) Cash-settled derivatives:

 

25,285,869

1.92

103,319

0.00

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

0

0.00

0

0.00

 

     TOTAL:

25,332,388

1.93

225,781

0.01

 

All interests and all short positions should be disclosed.

 

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

 

(b)        Rights to subscribe for new securities (including directors' and other employee options)

 

Class of relevant security in relation to which subscription right exists:

N/A

Details, including nature of the rights concerned and relevant percentages:

N/A

 

 

3.         DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

 

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(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

Purchase/sale

 

Number of securities

Price per unit

Common

Buy Transaction

2,002

2.0040 GBP

Common

Buy Transaction

3,297

2.0050 GBP

Common

Buy Transaction

1,200

2.0070 GBP

Common

Buy Transaction

1,565

2.0090 GBP

Common

Buy Transaction

1,256

2.0100 GBP

Common

Buy Transaction

763

2.0120 GBP

Common

Buy Transaction

1,100

2.0280 GBP

Common

Buy Transaction

400

2.0310 GBP

Common

Buy Transaction

517

2.0320 GBP

Common

Buy Transaction

4,393

2.0340 GBP

Common

Buy Transaction

1,232

2.0360 GBP

Common

Buy Transaction

2,006

2.0370 GBP

Common

Buy Transaction

2,202

2.0380 GBP

Common

Buy Transaction

3,600

2.0390 GBP

Common

Buy Transaction

2,188

2.0400 GBP

Common

Buy Transaction

1,100

2.0410 GBP

Common

Buy Transaction

1,585

2.0420 GBP

Common

Buy Transaction

4,077

2.0430 GBP

Common

Buy Transaction

1,595

2.0450 GBP

Common

Buy Transaction

4,400

2.0460 GBP

Common

Buy Transaction

234

2.0470 GBP

Common

Buy Transaction

14,760

2.0480 GBP

Common

Buy Transaction

32,757

2.0500 GBP

Common

Buy Transaction

15,277

2.0510 GBP

Common

Buy Transaction

8,556

2.0520 GBP

Common

Buy Transaction

1,339

2.0530 GBP

Common

Buy Transaction

5,176

2.0540 GBP

Common

Buy Transaction

9,905

2.0550 GBP

Common

Buy Transaction

8,873

2.0560 GBP

Common

Buy Transaction

22,801

2.0570 GBP

Common

Buy Transaction

7,239

2.0580 GBP

Common

Buy Transaction

15,698

2.0590 GBP

Common

Buy Transaction

10,608

2.0595 GBP

Common

Buy Transaction

22,149

2.0600 GBP

Common

Buy Transaction

17,602

2.0610 GBP

Common

Buy Transaction

26,881

2.0620 GBP

Common

Buy Transaction

6,778

2.0630 GBP

Common

Buy Transaction

12,084

2.0640 GBP

Common

Buy Transaction

7,872

2.0650 GBP

Common

Buy Transaction

5,605

2.0655 GBP

Common

Buy Transaction

2,474

2.0660 GBP

Common

Buy Transaction

9,350

2.0670 GBP

Common

Buy Transaction

5,328

2.0680 GBP

Common

Buy Transaction

5,148

2.0690 GBP

Common

Buy Transaction

3,271

2.0695 GBP

Common

Buy Transaction

30,808

2.0700 GBP

Common

Buy Transaction

16,187

2.0710 GBP

Common

Buy Transaction

14,325

2.0720 GBP

Common

Buy Transaction

13,723

2.0730 GBP

Common

Buy Transaction

10,791

2.0740 GBP

Common

Buy Transaction

5,700

2.0750 GBP

Common

Buy Transaction

14,250

2.0755 GBP

Common

Buy Transaction

19,263

2.0760 GBP

Common

Buy Transaction

4,920

2.0770 GBP

Common

Buy Transaction

14,564

2.0780 GBP

Common

Buy Transaction

3,207

2.0790 GBP

Common

Buy Transaction

4,500

2.0800 GBP

Common

Buy Transaction

6,050

2.0820 GBP

Common

Buy Transaction

4,835

2.0830 GBP

Common

Buy Transaction

7,651

2.0840 GBP

Common

Buy Transaction

1,790

2.0850 GBP

Common

Buy Transaction

8,348

2.0870 GBP

Common

Buy Transaction

3,162

2.0880 GBP

Common

Buy Transaction

91

2.0890 GBP

Common

Buy Transaction

113

2.0900 GBP

Common

Buy Transaction

110

2.0910 GBP

Common

Buy Transaction

2,439

2.0920 GBP

Common

Buy Transaction

3,800

2.0930 GBP

Common

Buy Transaction

5,054

2.0940 GBP

Common

Buy Transaction

6,887

2.0950 GBP

Common

Sell Transaction

6,997

2.0010 GBP

Common

Sell Transaction

346

2.0030 GBP

Common

Sell Transaction

545

2.0100 GBP

Common

Sell Transaction

9,435

2.0240 GBP

Common

Sell Transaction

1,600

2.0310 GBP

Common

Sell Transaction

1,600

2.0330 GBP

Common

Sell Transaction

197

2.0340 GBP

Common

Sell Transaction

2,117

2.0360 GBP

Common

Sell Transaction

550

2.0370 GBP

Common

Sell Transaction

2,120

2.0400 GBP

Common

Sell Transaction

495

2.0430 GBP

Common

Sell Transaction

1,670

2.0440 GBP

Common

Sell Transaction

1,025

2.0450 GBP

Common

Sell Transaction

8,656

2.0470 GBP

Common

Sell Transaction

3,189

2.0480 GBP

Common

Sell Transaction

1,260

2.0490 GBP

Common

Sell Transaction

77

2.0500 GBP

Common

Sell Transaction

654

2.0510 GBP

Common

Sell Transaction

3,754

2.0550 GBP

Common

Sell Transaction

6,029

2.0560 GBP

Common

Sell Transaction

641

2.0590 GBP

Common

Sell Transaction

1,600

2.0600 GBP

Common

Sell Transaction

199

2.0610 GBP

Common

Sell Transaction

383

2.0640 GBP

Common

Sell Transaction

1,123

2.0670 GBP

Common

Sell Transaction

2,000

2.0690 GBP

Common

Sell Transaction

12,308

2.0695 GBP

Common

Sell Transaction

1,887

2.0700 GBP

Common

Sell Transaction

1,000

2.0710 GBP

Common

Sell Transaction

4,258

2.0720 GBP

Common

Sell Transaction

1,899

2.0730 GBP

Common

Sell Transaction

11,925

2.0740 GBP

Common

Sell Transaction

13,752

2.0750 GBP

Common

Sell Transaction

1,644

2.0760 GBP

Common

Sell Transaction

8,156

2.0770 GBP

Common

Sell Transaction

266

2.0780 GBP

Common

Sell Transaction

7,276

2.0790 GBP

Common

Sell Transaction

1,685

2.0800 GBP

Common

Sell Transaction

3,953

2.0810 GBP

Common

Sell Transaction

188

2.0820 GBP

Common

Sell Transaction

980

2.0830 GBP

Common

Sell Transaction

11,104

2.0840 GBP

Common

Sell Transaction

18,894

2.0850 GBP

Common

Sell Transaction

12,387

2.0860 GBP

Common

Sell Transaction

5,665

2.0870 GBP

Common

Sell Transaction

1,900

2.0880 GBP

Common

Sell Transaction

11,422

2.0890 GBP

Common

Sell Transaction

19,099

2.0900 GBP

Common

Sell Transaction

16,859

2.0910 GBP

Common

Sell Transaction

6,038

2.0920 GBP

Common

Sell Transaction

564

2.0930 GBP

Common

Sell Transaction

5,827

2.0940 GBP

Common

Sell Transaction

1,600

2.0950 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

Common

CFD

Reducing long position

33,041

2.0409 GBP

Common

CFD

Reducing long position

14,320

2.0469 GBP

Common

CFD

Reducing long position

46,274

2.0470 GBP

Common

CFD

Reducing long position

8,560

2.0501 GBP

Common

CFD

Increasing long position

16,432

2.0516 GBP

Common

CFD

Reducing long position

6,014

2.0612 GBP

Common

CFD

Reducing long position

12,471

2.0613 GBP

Common

CFD

Reducing long position

5,030

2.0621 GBP

Common

CFD

Reducing long position

20,119

2.0621 GBP

Common

CFD

Reducing long position

3,018

2.0621 GBP

Common

CFD

Reducing long position

63,706

2.0626 GBP

Common

CFD

Reducing long position

11,901

2.0627 GBP

Common

CFD

Reducing long position

2,492

2.0634 GBP

Common

CFD

Reducing long position

2,153

2.0638 GBP

Common

CFD

Reducing long position

24,043

2.0639 GBP

Common

CFD

Increasing long position

246,222

2.0688 GBP

Common

CFD

Increasing long position

54,638

2.0691 GBP

Common

CFD

Reducing long position

250,000

2.0700 GBP

Common

CFD

Reducing long position

142,857

2.0702 GBP

Common

CFD

Reducing long position

35,716

2.0703 GBP

Common

CFD

Reducing long position

21,427

2.0703 GBP

Common

CFD

Reducing long position

21,427

2.0711 GBP

Common

CFD

Reducing long position

142,859

2.0711 GBP

Common

CFD

Reducing long position

35,714

2.0711 GBP

Common

CFD

Increasing long position

28,573

2.0717 GBP

Common

CFD

Increasing long position

42

2.0745 GBP

Common

CFD

Reducing long position

1,618

2.0750 GBP

Common

CFD

Reducing long position

328

2.0757 GBP

Common

CFD

Reducing long position

548

2.0757 GBP

Common

CFD

Reducing long position

2,191

2.0757 GBP

Common

CFD

Increasing long position

66,279

2.0770 GBP

Common

CFD

Reducing long position

1,481

2.0778 GBP

Common

CFD

Reducing long position

9,007

2.0782 GBP

Common

CFD

Increasing long position

4,911

2.0792 GBP

Common

CFD

Reducing long position

26,785

2.0800 GBP

Common

CFD

Reducing long position

178,572

2.0800 GBP

Common

CFD

Reducing long position

44,643

2.0800 GBP

Common

CFD

Reducing long position

14,592

2.0807 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

 

(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)

 

 

 

 

 

 

 

4.         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 person 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 person 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

 

 

(c)        Attachments

 

Is a Supplemental Form 8 (Open Positions) attached?

NO

 

 

Date of disclosure:

4 March 2024

Contact name:

Paula Santos

Telephone number*:

020 7645 9700

 

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 disclosure requirements on +44 (0)20 7638 0129.

 

*If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel's Market Surveillance Unit.

 

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