Form 8.3 - Direct Line Insurance Group PLC

Citadel Group
05 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

4 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:

51,137

0.00

116,145

0.00

(2) Cash-settled derivatives:

 

25,824,908

1.96

90,045

0.00

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

0

0.00

0

0.00

 

     TOTAL:

25,876,045

1.97

206,190

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

141

2.0770 GBP

Common

Buy Transaction

2,850

2.0800 GBP

Common

Buy Transaction

636

2.0890 GBP

Common

Buy Transaction

24,568

2.0900 GBP

Common

Buy Transaction

2,011

2.0910 GBP

Common

Buy Transaction

5,150

2.0920 GBP

Common

Buy Transaction

2,635

2.0940 GBP

Common

Buy Transaction

3,429

2.0950 GBP

Common

Buy Transaction

497

2.0955 GBP

Common

Buy Transaction

17,737

2.0960 GBP

Common

Buy Transaction

4,131

2.0965 GBP

Common

Buy Transaction

12,008

2.0970 GBP

Common

Buy Transaction

2,020

2.0980 GBP

Common

Buy Transaction

1,529

2.0985 GBP

Common

Buy Transaction

11,454

2.0990 GBP

Common

Buy Transaction

17,899

2.1000 GBP

Common

Buy Transaction

7,169

2.1010 GBP

Common

Buy Transaction

1,100

2.1020 GBP

Common

Buy Transaction

25,394

2.1030 GBP

Common

Buy Transaction

9,838

2.1040 GBP

Common

Buy Transaction

3,134

2.1050 GBP

Common

Buy Transaction

4,176

2.1060 GBP

Common

Buy Transaction

3,735

2.1100 GBP

Common

Buy Transaction

7,510

2.1110 GBP

Common

Buy Transaction

590

2.1115 GBP

Common

Buy Transaction

5,216

2.1120 GBP

Common

Buy Transaction

7,842

2.1125 GBP

Common

Buy Transaction

1,046

2.1130 GBP

Common

Buy Transaction

6,035

2.1140 GBP

Common

Buy Transaction

4,730

2.1150 GBP

Common

Buy Transaction

747

2.1180 GBP

Common

Buy Transaction

905

2.1210 GBP

Common

Buy Transaction

9,436

2.1220 GBP

Common

Buy Transaction

3,320

2.1230 GBP

Common

Buy Transaction

20,725

2.1240 GBP

Common

Buy Transaction

12,388

2.1250 GBP

Common

Buy Transaction

7,304

2.1270 GBP

Common

Buy Transaction

19,226

2.1280 GBP

Common

Buy Transaction

3,357

2.1290 GBP

Common

Buy Transaction

7,876

2.1300 GBP

Common

Buy Transaction

9,715

2.1310 GBP

Common

Buy Transaction

3,837

2.1320 GBP

Common

Buy Transaction

1,968

2.1330 GBP

Common

Buy Transaction

300

2.1335 GBP

Common

Buy Transaction

454

2.1340 GBP

Common

Buy Transaction

250

2.1350 GBP

Common

Buy Transaction

2,975

2.1360 GBP

Common

Buy Transaction

648

2.1370 GBP

Common

Buy Transaction

777

2.1380 GBP

Common

Buy Transaction

3,017

2.1390 GBP

Common

Buy Transaction

3,757

2.1400 GBP

Common

Buy Transaction

6,858

2.1410 GBP

Common

Buy Transaction

100

2.1420 GBP

Common

Buy Transaction

1,900

2.1430 GBP

Common

Buy Transaction

4,370

2.1440 GBP

Common

Buy Transaction

877

2.1450 GBP

Common

Buy Transaction

5,000

2.1460 GBP

Common

Buy Transaction

3,200

2.1470 GBP

Common

Buy Transaction

1,470

2.1480 GBP

Common

Buy Transaction

2,400

2.1490 GBP

Common

Buy Transaction

7,170

2.1500 GBP

Common

Buy Transaction

665

2.1520 GBP

Common

Sell Transaction

10

2.0750 GBP

Common

Sell Transaction

10

2.0760 GBP

Common

Sell Transaction

10

2.0780 GBP

Common

Sell Transaction

86,473

2.0800 GBP

Common

Sell Transaction

602

2.0810 GBP

Common

Sell Transaction

1,900

2.0830 GBP

Common

Sell Transaction

1,600

2.0860 GBP

Common

Sell Transaction

10,692

2.0880 GBP

Common

Sell Transaction

1,600

2.0890 GBP

Common

Sell Transaction

257

2.0900 GBP

Common

Sell Transaction

1,600

2.0920 GBP

Common

Sell Transaction

14,616

2.0950 GBP

Common

Sell Transaction

13,071

2.0960 GBP

Common

Sell Transaction

1,460

2.0970 GBP

Common

Sell Transaction

14,928

2.0980 GBP

Common

Sell Transaction

3,000

2.0990 GBP

Common

Sell Transaction

11,572

2.1000 GBP

Common

Sell Transaction

3,700

2.1010 GBP

Common

Sell Transaction

6,205

2.1020 GBP

Common

Sell Transaction

2,029

2.1030 GBP

Common

Sell Transaction

5,955

2.1040 GBP

Common

Sell Transaction

7,621

2.1050 GBP

Common

Sell Transaction

239

2.1060 GBP

Common

Sell Transaction

994

2.1070 GBP

Common

Sell Transaction

1,809

2.1090 GBP

Common

Sell Transaction

874

2.1100 GBP

Common

Sell Transaction

1,900

2.1120 GBP

Common

Sell Transaction

2,618

2.1130 GBP

Common

Sell Transaction

4,814

2.1140 GBP

Common

Sell Transaction

1,418

2.1150 GBP

Common

Sell Transaction

2,000

2.1160 GBP

Common

Sell Transaction

2,900

2.1170 GBP

Common

Sell Transaction

5,572

2.1190 GBP

Common

Sell Transaction

1,600

2.1200 GBP

Common

Sell Transaction

2,109

2.1210 GBP

Common

Sell Transaction

5,307

2.1220 GBP

Common

Sell Transaction

5,434

2.1230 GBP

Common

Sell Transaction

3,607

2.1240 GBP

Common

Sell Transaction

782

2.1250 GBP

Common

Sell Transaction

2,124

2.1260 GBP

Common

Sell Transaction

9,223

2.1270 GBP

Common

Sell Transaction

2,735

2.1280 GBP

Common

Sell Transaction

4,024

2.1290 GBP

Common

Sell Transaction

8,735

2.1300 GBP

Common

Sell Transaction

13,560

2.1310 GBP

Common

Sell Transaction

2,810

2.1320 GBP

Common

Sell Transaction

4,144

2.1340 GBP

Common

Sell Transaction

433

2.1350 GBP

Common

Sell Transaction

4,242

2.1360 GBP

Common

Sell Transaction

2,727

2.1370 GBP

Common

Sell Transaction

1,700

2.1380 GBP

Common

Sell Transaction

5,817

2.1390 GBP

Common

Sell Transaction

1,651

2.1400 GBP

Common

Sell Transaction

2,930

2.1410 GBP

Common

Sell Transaction

4,159

2.1420 GBP

Common

Sell Transaction

3,700

2.1430 GBP

Common

Sell Transaction

1,948

2.1440 GBP

Common

Sell Transaction

1,894

2.1450 GBP

Common

Sell Transaction

2,757

2.1460 GBP

Common

Sell Transaction

2,295

2.1470 GBP

Common

Sell Transaction

5,000

2.1490 GBP

Common

Sell Transaction

2,000

2.1520 GBP

Common

Sell Transaction

21

2.1530 GBP

Common

Sell Transaction

3,500

2.1540 GBP

Common

Sell Transaction

1,900

2.1550 GBP

Common

Sell Transaction

500

2.1560 GBP

Common

Sell Transaction

2,850

2.1570 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

Increasing long position

7,163

2.0979 GBP

Common

CFD

Increasing long position

170,739

2.0980 GBP

Common

CFD

Reducing long position

1,107

2.1005 GBP

Common

CFD

Increasing long position

4,679

2.1006 GBP

Common

CFD

Increasing long position

8,042

2.1019 GBP

Common

CFD

Reducing long position

370

2.1020 GBP

Common

CFD

Increasing long position

5,805

2.1027 GBP

Common

CFD

Increasing long position

114,631

2.1032 GBP

Common

CFD

Increasing long position

17,161

2.1050 GBP

Common

CFD

Increasing long position

2,945

2.1089 GBP

Common

CFD

Increasing long position

74,220

2.1122 GBP

Common

CFD

Increasing long position

4,600

2.1128 GBP

Common

CFD

Increasing long position

12,561

2.1136 GBP

Common

CFD

Increasing long position

219,166

2.1139 GBP

Common

CFD

Increasing long position

28,507

2.1151 GBP

Common

CFD

Increasing long position

24,570

2.1187 GBP

Common

CFD

Reducing long position

52,817

2.1219 GBP

Common

CFD

Reducing long position

1,111

2.1226 GBP

Common

CFD

Increasing long position

51,717

2.1251 GBP

Common

CFD

Reducing long position

64,037

2.1275 GBP

Common

CFD

Reducing long position

20,152

2.1284 GBP

Common

CFD

Reducing long position

44,093

2.1299 GBP

Common

CFD

Reducing long position

4,080

2.1403 GBP

Common

CFD

Reducing long position

6,426

2.1500 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:

5 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.

 

 

 

 

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