Form 8.3 - Direct Line Insurance Group PLC

Citadel Group
15 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

14 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:

210,533

0.01

86,656

0.00

(2) Cash-settled derivatives:

 

24,485,731

1.86

20,799

0.00

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

0

0.00

0

0.00

 

     TOTAL:

24,696,264

1.88

107,455

0.00

 

Class of relevant security:

Common Stock

ISIN XS1728036366

 

 

Interests

Short positions

 

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

0

0.00

0

0.00

(2) Cash-settled derivatives:

 

0

0.00

0

0.00

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

0

0.00

0

0.00

 

     TOTAL:

0

0.00

0

0.00

 

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

21,455

2.0400 GBP

Common

Buy Transaction

1,600

2.0410 GBP

Common

Buy Transaction

3,200

2.0420 GBP

Common

Buy Transaction

39

2.0440 GBP

Common

Buy Transaction

2,000

2.0450 GBP

Common

Buy Transaction

2,981

2.0455 GBP

Common

Buy Transaction

1,500

2.0460 GBP

Common

Buy Transaction

1,236

2.0470 GBP

Common

Buy Transaction

2,119

2.0480 GBP

Common

Buy Transaction

152

2.0485 GBP

Common

Buy Transaction

4,219

2.0490 GBP

Common

Buy Transaction

26,624

2.0500 GBP

Common

Buy Transaction

4,546

2.0510 GBP

Common

Buy Transaction

1,915

2.0520 GBP

Common

Buy Transaction

3,600

2.0540 GBP

Common

Buy Transaction

3,299

2.0550 GBP

Common

Buy Transaction

29,799

2.0560 GBP

Common

Buy Transaction

7,700

2.0570 GBP

Common

Buy Transaction

3,442

2.0580 GBP

Common

Buy Transaction

7,616

2.0590 GBP

Common

Buy Transaction

3,985

2.0600 GBP

Common

Buy Transaction

8,795

2.0610 GBP

Common

Buy Transaction

266

2.0620 GBP

Common

Buy Transaction

1,850

2.0630 GBP

Common

Buy Transaction

6,400

2.0640 GBP

Common

Buy Transaction

18,990

2.0645 GBP

Common

Buy Transaction

4,734

2.0650 GBP

Common

Buy Transaction

11,902

2.0660 GBP

Common

Buy Transaction

2,151

2.0665 GBP

Common

Buy Transaction

3,118

2.0670 GBP

Common

Buy Transaction

600

2.0680 GBP

Common

Buy Transaction

1,268

2.0690 GBP

Common

Buy Transaction

2,955

2.0700 GBP

Common

Buy Transaction

4,071

2.0710 GBP

Common

Buy Transaction

3,292

2.0720 GBP

Common

Buy Transaction

18,838

2.0730 GBP

Common

Buy Transaction

13,587

2.0740 GBP

Common

Buy Transaction

9,865

2.0750 GBP

Common

Buy Transaction

2,813

2.0755 GBP

Common

Buy Transaction

16,907

2.0760 GBP

Common

Buy Transaction

5,733

2.0765 GBP

Common

Buy Transaction

6,937

2.0770 GBP

Common

Buy Transaction

36,676

2.0780 GBP

Common

Buy Transaction

3,197

2.0790 GBP

Common

Buy Transaction

3,559

2.0800 GBP

Common

Buy Transaction

2,389

2.0810 GBP

Common

Buy Transaction

1,610

2.0850 GBP

Common

Buy Transaction

3,574

2.0870 GBP

Common

Buy Transaction

93

2.0880 GBP

Common

Buy Transaction

100

2.0965 GBP

Common

Buy Transaction

758

2.0985 GBP

Common

Buy Transaction

1,329

2.1010 GBP

Common

Buy Transaction

257

2.1050 GBP

Common

Buy Transaction

200

2.1200 GBP

Common

Buy Transaction

5,493

2.1210 GBP

Common

Buy Transaction

511

2.1220 GBP

Common

Buy Transaction

6,556

2.1230 GBP

Common

Buy Transaction

3,448

2.1235 GBP

Common

Buy Transaction

1,041

2.1250 GBP

Common

Buy Transaction

7,562

2.1270 GBP

Common

Buy Transaction

8,248

2.1280 GBP

Common

Buy Transaction

16,510

2.1300 GBP

Common

Buy Transaction

1,900

2.1310 GBP

Common

Buy Transaction

22,869

2.1330 GBP

Common

Buy Transaction

5,320

2.1350 GBP

Common

Buy Transaction

806

2.1400 GBP

Common

Buy Transaction

267

2.1420 GBP

Common

Buy Transaction

535

2.1440 GBP

Common

Buy Transaction

1,185

2.1490 GBP

Common

Buy Transaction

1,297

2.1510 GBP

Common

Buy Transaction

2,218

2.1520 GBP

Common

Buy Transaction

56

2.1570 GBP

Common

Buy Transaction

2,850

2.1580 GBP

Common

Buy Transaction

2,051

2.1600 GBP

Common

Buy Transaction

1,166

2.1610 GBP

Common

Buy Transaction

1,900

2.1620 GBP

Common

Buy Transaction

550

2.1650 GBP

Common

Buy Transaction

130

2.1655 GBP

Common

Buy Transaction

5

2.1680 GBP

Common

Buy Transaction

3,600

2.1690 GBP

Common

Buy Transaction

19,761

2.1700 GBP

Common

Buy Transaction

27,516

2.1710 GBP

Common

Buy Transaction

792

2.1720 GBP

Common

Buy Transaction

2,819

2.1730 GBP

Common

Buy Transaction

12,571

2.1740 GBP

Common

Buy Transaction

33,547

2.1750 GBP

Common

Buy Transaction

3,550

2.1755 GBP

Common

Buy Transaction

456

2.1770 GBP

Common

Buy Transaction

718

2.1780 GBP

Common

Buy Transaction

1,685

2.1790 GBP

Common

Buy Transaction

8,893

2.1800 GBP

Common

Buy Transaction

8,041

2.1810 GBP

Common

Buy Transaction

1,124

2.1820 GBP

Common

Buy Transaction

392

2.1830 GBP

Common

Buy Transaction

59

2.1835 GBP

Common

Buy Transaction

1,858

2.1840 GBP

Common

Buy Transaction

16,144

2.1850 GBP

Common

Buy Transaction

465

2.1860 GBP

Common

Buy Transaction

694

2.1870 GBP

Common

Buy Transaction

3,474

2.1880 GBP

Common

Buy Transaction

20,404

2.1900 GBP

Common

Buy Transaction

390

2.1910 GBP

Common

Buy Transaction

1,225

2.1920 GBP

Common

Buy Transaction

1,500

2.1960 GBP

Common

Buy Transaction

228

2.2000 GBP

Common

Sell Transaction

690

2.0430 GBP

Common

Sell Transaction

66

2.0460 GBP

Common

Sell Transaction

5,927

2.0470 GBP

Common

Sell Transaction

4,885

2.0480 GBP

Common

Sell Transaction

11,722

2.0500 GBP

Common

Sell Transaction

11,973

2.0510 GBP

Common

Sell Transaction

7,101

2.0520 GBP

Common

Sell Transaction

3,427

2.0530 GBP

Common

Sell Transaction

8,950

2.0540 GBP

Common

Sell Transaction

8,228

2.0550 GBP

Common

Sell Transaction

6,089

2.0560 GBP

Common

Sell Transaction

9,362

2.0570 GBP

Common

Sell Transaction

4,800

2.0580 GBP

Common

Sell Transaction

6,094

2.0590 GBP

Common

Sell Transaction

6,896

2.0600 GBP

Common

Sell Transaction

6,290

2.0610 GBP

Common

Sell Transaction

12,716

2.0620 GBP

Common

Sell Transaction

4,814

2.0630 GBP

Common

Sell Transaction

6,062

2.0640 GBP

Common

Sell Transaction

254

2.0650 GBP

Common

Sell Transaction

4,614

2.0660 GBP

Common

Sell Transaction

4,026

2.0670 GBP

Common

Sell Transaction

8,773

2.0680 GBP

Common

Sell Transaction

69

2.0685 GBP

Common

Sell Transaction

7,300

2.0690 GBP

Common

Sell Transaction

5,203

2.0710 GBP

Common

Sell Transaction

11,060

2.0720 GBP

Common

Sell Transaction

3,924

2.0730 GBP

Common

Sell Transaction

4,428

2.0740 GBP

Common

Sell Transaction

16,738

2.0750 GBP

Common

Sell Transaction

107

2.0755 GBP

Common

Sell Transaction

12,032

2.0760 GBP

Common

Sell Transaction

4,993

2.0770 GBP

Common

Sell Transaction

8,200

2.0780 GBP

Common

Sell Transaction

1,510

2.0790 GBP

Common

Sell Transaction

1,600

2.0800 GBP

Common

Sell Transaction

4,387

2.0810 GBP

Common

Sell Transaction

4,743

2.0820 GBP

Common

Sell Transaction

7,328

2.0830 GBP

Common

Sell Transaction

13,182

2.0840 GBP

Common

Sell Transaction

8,881

2.0850 GBP

Common

Sell Transaction

9,097

2.0860 GBP

Common

Sell Transaction

2,222

2.0870 GBP

Common

Sell Transaction

149

2.0875 GBP

Common

Sell Transaction

956

2.0880 GBP

Common

Sell Transaction

12,827

2.0890 GBP

Common

Sell Transaction

3,579

2.0900 GBP

Common

Sell Transaction

1,550

2.0910 GBP

Common

Sell Transaction

191

2.0920 GBP

Common

Sell Transaction

3,833

2.0930 GBP

Common

Sell Transaction

1,600

2.0940 GBP

Common

Sell Transaction

1,100

2.1000 GBP

Common

Sell Transaction

1,900

2.1010 GBP

Common

Sell Transaction

44

2.1050 GBP

Common

Sell Transaction

2,823

2.1060 GBP

Common

Sell Transaction

1

2.1120 GBP

Common

Sell Transaction

478

2.1170 GBP

Common

Sell Transaction

4,224

2.1200 GBP

Common

Sell Transaction

1,600

2.1220 GBP

Common

Sell Transaction

10

2.1240 GBP

Common

Sell Transaction

2,845

2.1290 GBP

Common

Sell Transaction

1,600

2.1320 GBP

Common

Sell Transaction

596

2.1390 GBP

Common

Sell Transaction

1,100

2.1440 GBP

Common

Sell Transaction

722

2.1450 GBP

Common

Sell Transaction

1,341

2.1470 GBP

Common

Sell Transaction

1,982

2.1500 GBP

Common

Sell Transaction

1,600

2.1510 GBP

Common

Sell Transaction

810

2.1520 GBP

Common

Sell Transaction

10

2.1560 GBP

Common

Sell Transaction

5,910

2.1570 GBP

Common

Sell Transaction

10

2.1580 GBP

Common

Sell Transaction

3,450

2.1590 GBP

Common

Sell Transaction

604

2.1600 GBP

Common

Sell Transaction

2,916

2.1620 GBP

Common

Sell Transaction

1,398

2.1670 GBP

Common

Sell Transaction

2,238

2.1690 GBP

Common

Sell Transaction

6,861

2.1700 GBP

Common

Sell Transaction

418

2.1710 GBP

Common

Sell Transaction

1,184

2.1720 GBP

Common

Sell Transaction

1,844

2.1730 GBP

Common

Sell Transaction

142

2.1740 GBP

Common

Sell Transaction

160

2.1750 GBP

Common

Sell Transaction

1,271

2.1760 GBP

Common

Sell Transaction

1,314

2.1780 GBP

Common

Sell Transaction

8,235

2.1790 GBP

Common

Sell Transaction

3,507

2.1800 GBP

Common

Sell Transaction

2,104

2.1810 GBP

Common

Sell Transaction

2,011

2.1820 GBP

Common

Sell Transaction

3,638

2.1830 GBP

Common

Sell Transaction

8,781

2.1840 GBP

Common

Sell Transaction

1,530

2.1860 GBP

Common

Sell Transaction

1,968

2.1870 GBP

Common

Sell Transaction

741

2.1880 GBP

Common

Sell Transaction

1,786

2.1890 GBP

Common

Sell Transaction

3,638

2.1910 GBP

Common

Sell Transaction

1,636

2.1960 GBP

Common

Sell Transaction

1,777

2.1980 GBP

Common

Sell Transaction

3,190

2.1990 GBP

Common

Sell Transaction

1,294

2.2000 GBP

Common

Sell Transaction

1,188

2.2010 GBP

Common

Sell Transaction

758

2.2030 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

51,586

2.0619 GBP

Common

CFD

Reducing long position

5,990

2.0720 GBP

Common

CFD

Reducing long position

7,679

2.0843 GBP

Common

CFD

Increasing long position

9,747

2.0846 GBP

Common

CFD

Increasing long position

5,801

2.0846 GBP

Common

CFD

Reducing long position

1,160

2.0854 GBP

Common

CFD

Reducing long position

3,334

2.0855 GBP

Common

CFD

Increasing long position

53,939

2.0900 GBP

Common

CFD

Reducing long position

210,300

2.0900 GBP

Common

CFD

Reducing long position

19,023

2.0902 GBP

Common

CFD

Reducing long position

109,910

2.0942 GBP

Common

CFD

Reducing long position

151,168

2.0950 GBP

Common

CFD

Increasing long position

5,914

2.1300 GBP

Common

CFD

Increasing long position

74,752

2.1340 GBP

Common

CFD

Increasing long position

170,965

2.1387 GBP

Common

CFD

Reducing long position

1,717

2.1550 GBP

Common

CFD

Increasing long position

147,374

2.1659 GBP

Common

CFD

Increasing long position

54,301

2.1713 GBP

Common

CFD

Increasing long position

12,421

2.1951 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:

15 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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