Form 8.3 - Direct Line Insurance Group PLC

Citadel Group
18 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

15 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:

222,055

0.01

98,713

0.00

(2) Cash-settled derivatives:

 

24,833,019

1.89

35,852

0.00

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

0

0.00

0

0.00

 

     TOTAL:

25,055,074

1.91

134,565

0.01

 

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

917

2.0550 GBP

Common

Buy Transaction

651

2.0560 GBP

Common

Buy Transaction

33,873

2.0580 GBP

Common

Buy Transaction

2,678

2.0600 GBP

Common

Buy Transaction

114

2.0650 GBP

Common

Buy Transaction

1,288

2.0655 GBP

Common

Buy Transaction

3,500

2.0660 GBP

Common

Buy Transaction

1,446

2.0670 GBP

Common

Buy Transaction

3,600

2.0680 GBP

Common

Buy Transaction

10,414

2.0700 GBP

Common

Buy Transaction

3,758

2.0710 GBP

Common

Buy Transaction

2,850

2.0720 GBP

Common

Buy Transaction

557

2.0730 GBP

Common

Buy Transaction

1,984

2.0770 GBP

Common

Buy Transaction

183

2.0780 GBP

Common

Buy Transaction

264

2.0790 GBP

Common

Buy Transaction

289

2.0800 GBP

Common

Buy Transaction

2,142

2.0810 GBP

Common

Buy Transaction

580

2.0820 GBP

Common

Buy Transaction

2,785

2.0840 GBP

Common

Buy Transaction

3,362

2.0900 GBP

Common

Buy Transaction

1,902

2.0930 GBP

Common

Buy Transaction

1,100

2.0940 GBP

Common

Buy Transaction

3,798

2.0980 GBP

Common

Buy Transaction

56,018

2.1000 GBP

Common

Buy Transaction

550

2.1150 GBP

Common

Buy Transaction

2,075

2.1160 GBP

Common

Buy Transaction

24,850

2.1170 GBP

Common

Buy Transaction

844

2.1180 GBP

Common

Buy Transaction

5,825

2.1190 GBP

Common

Buy Transaction

13,143

2.1200 GBP

Common

Buy Transaction

6,818

2.1210 GBP

Common

Buy Transaction

1,500

2.1220 GBP

Common

Buy Transaction

1,900

2.1230 GBP

Common

Buy Transaction

5,450

2.1250 GBP

Common

Buy Transaction

36

2.1290 GBP

Common

Buy Transaction

2,637

2.1300 GBP

Common

Buy Transaction

2,800

2.1310 GBP

Common

Buy Transaction

8,514

2.1320 GBP

Common

Buy Transaction

25,732

2.1330 GBP

Common

Buy Transaction

6,763

2.1340 GBP

Common

Buy Transaction

1,564

2.1345 GBP

Common

Buy Transaction

52,634

2.1350 GBP

Common

Buy Transaction

2,182

2.1360 GBP

Common

Buy Transaction

3,656

2.1370 GBP

Common

Buy Transaction

2,121

2.1380 GBP

Common

Buy Transaction

6,046

2.1390 GBP

Common

Buy Transaction

1,900

2.1400 GBP

Common

Buy Transaction

5,463

2.1410 GBP

Common

Buy Transaction

16,726

2.1420 GBP

Common

Buy Transaction

725

2.1430 GBP

Common

Buy Transaction

1,251

2.1435 GBP

Common

Buy Transaction

6,524

2.1440 GBP

Common

Buy Transaction

9,707

2.1450 GBP

Common

Buy Transaction

2,612

2.1460 GBP

Common

Buy Transaction

5,378

2.1470 GBP

Common

Buy Transaction

6,739

2.1480 GBP

Common

Buy Transaction

8,657

2.1490 GBP

Common

Buy Transaction

34,205

2.1500 GBP

Common

Buy Transaction

13,075

2.1510 GBP

Common

Buy Transaction

2,218

2.1520 GBP

Common

Buy Transaction

3,528

2.1530 GBP

Common

Buy Transaction

5,641

2.1540 GBP

Common

Buy Transaction

1,032

2.1550 GBP

Common

Buy Transaction

19

2.1560 GBP

Common

Buy Transaction

4,620

2.1570 GBP

Common

Buy Transaction

3,001

2.1580 GBP

Common

Buy Transaction

50,230

2.1590 GBP

Common

Buy Transaction

7,588

2.1600 GBP

Common

Buy Transaction

765

2.1605 GBP

Common

Buy Transaction

784

2.1610 GBP

Common

Buy Transaction

1,807

2.1620 GBP

Common

Buy Transaction

400

2.1630 GBP

Common

Sell Transaction

3,284

2.0480 GBP

Common

Sell Transaction

1,123

2.0490 GBP

Common

Sell Transaction

21

2.0495 GBP

Common

Sell Transaction

5,188

2.0500 GBP

Common

Sell Transaction

2,000

2.0520 GBP

Common

Sell Transaction

2,000

2.0530 GBP

Common

Sell Transaction

28,871

2.0540 GBP

Common

Sell Transaction

16,136

2.0550 GBP

Common

Sell Transaction

6,666

2.0560 GBP

Common

Sell Transaction

237

2.0570 GBP

Common

Sell Transaction

117

2.0590 GBP

Common

Sell Transaction

3,846

2.0600 GBP

Common

Sell Transaction

4,040

2.0610 GBP

Common

Sell Transaction

5,743

2.0620 GBP

Common

Sell Transaction

112

2.0640 GBP

Common

Sell Transaction

6,125

2.0650 GBP

Common

Sell Transaction

10,585

2.0660 GBP

Common

Sell Transaction

1,891

2.0670 GBP

Common

Sell Transaction

5,926

2.0680 GBP

Common

Sell Transaction

2,697

2.0690 GBP

Common

Sell Transaction

8,298

2.0700 GBP

Common

Sell Transaction

6,133

2.0710 GBP

Common

Sell Transaction

4,128

2.0720 GBP

Common

Sell Transaction

1,396

2.0730 GBP

Common

Sell Transaction

7,634

2.0740 GBP

Common

Sell Transaction

5,136

2.0750 GBP

Common

Sell Transaction

6,184

2.0760 GBP

Common

Sell Transaction

2,532

2.0770 GBP

Common

Sell Transaction

7,133

2.0780 GBP

Common

Sell Transaction

5,228

2.0790 GBP

Common

Sell Transaction

320

2.0800 GBP

Common

Sell Transaction

5,501

2.0810 GBP

Common

Sell Transaction

15

2.0830 GBP

Common

Sell Transaction

3,065

2.0860 GBP

Common

Sell Transaction

52

2.0870 GBP

Common

Sell Transaction

3,713

2.0880 GBP

Common

Sell Transaction

4,578

2.0890 GBP

Common

Sell Transaction

3,810

2.0940 GBP

Common

Sell Transaction

16

2.0950 GBP

Common

Sell Transaction

15

2.0970 GBP

Common

Sell Transaction

2,753

2.0980 GBP

Common

Sell Transaction

3

2.0990 GBP

Common

Sell Transaction

2,486

2.1000 GBP

Common

Sell Transaction

4,998

2.1010 GBP

Common

Sell Transaction

1,233

2.1020 GBP

Common

Sell Transaction

773

2.1030 GBP

Common

Sell Transaction

2,669

2.1040 GBP

Common

Sell Transaction

7,847

2.1050 GBP

Common

Sell Transaction

1,515

2.1060 GBP

Common

Sell Transaction

1,919

2.1070 GBP

Common

Sell Transaction

422

2.1080 GBP

Common

Sell Transaction

26

2.1090 GBP

Common

Sell Transaction

2,304

2.1100 GBP

Common

Sell Transaction

1,544

2.1110 GBP

Common

Sell Transaction

339

2.1130 GBP

Common

Sell Transaction

1,398

2.1140 GBP

Common

Sell Transaction

1,900

2.1150 GBP

Common

Sell Transaction

3,800

2.1160 GBP

Common

Sell Transaction

1,900

2.1170 GBP

Common

Sell Transaction

2,686

2.1180 GBP

Common

Sell Transaction

4,372

2.1190 GBP

Common

Sell Transaction

4,033

2.1200 GBP

Common

Sell Transaction

19,273

2.1210 GBP

Common

Sell Transaction

11,529

2.1220 GBP

Common

Sell Transaction

14,894

2.1230 GBP

Common

Sell Transaction

4,918

2.1240 GBP

Common

Sell Transaction

11,056

2.1250 GBP

Common

Sell Transaction

3,417

2.1260 GBP

Common

Sell Transaction

4,788

2.1270 GBP

Common

Sell Transaction

1,322

2.1280 GBP

Common

Sell Transaction

11,473

2.1290 GBP

Common

Sell Transaction

5,321

2.1300 GBP

Common

Sell Transaction

6,251

2.1310 GBP

Common

Sell Transaction

3,953

2.1320 GBP

Common

Sell Transaction

2,077

2.1330 GBP

Common

Sell Transaction

3,136

2.1340 GBP

Common

Sell Transaction

6,790

2.1350 GBP

Common

Sell Transaction

7,045

2.1360 GBP

Common

Sell Transaction

4,197

2.1370 GBP

Common

Sell Transaction

14,644

2.1380 GBP

Common

Sell Transaction

196

2.1390 GBP

Common

Sell Transaction

3,755

2.1400 GBP

Common

Sell Transaction

820

2.1410 GBP

Common

Sell Transaction

1,903

2.1420 GBP

Common

Sell Transaction

1,625

2.1430 GBP

Common

Sell Transaction

2,684

2.1440 GBP

Common

Sell Transaction

5,514

2.1450 GBP

Common

Sell Transaction

1,526

2.1460 GBP

Common

Sell Transaction

7,507

2.1470 GBP

Common

Sell Transaction

20,418

2.1480 GBP

Common

Sell Transaction

12,697

2.1490 GBP

Common

Sell Transaction

80

2.1495 GBP

Common

Sell Transaction

24,559

2.1500 GBP

Common

Sell Transaction

751

2.1510 GBP

Common

Sell Transaction

7,239

2.1520 GBP

Common

Sell Transaction

4,945

2.1530 GBP

Common

Sell Transaction

16,662

2.1540 GBP

Common

Sell Transaction

13,302

2.1550 GBP

Common

Sell Transaction

4,659

2.1560 GBP

Common

Sell Transaction

4,332

2.1570 GBP

Common

Sell Transaction

3,138

2.1580 GBP

Common

Sell Transaction

1,629

2.1600 GBP

Common

Sell Transaction

2,162

2.1610 GBP

Common

Sell Transaction

95

2.1620 GBP

Common

Sell Transaction

1,507

2.1630 GBP

Common

Sell Transaction

286

2.1640 GBP

Common

Sell Transaction

13

2.1650 GBP

Common

Sell Transaction

76

2.1660 GBP

Common

Sell Transaction

61

10.5500 USD

 

(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

56,342

2.0675 GBP

Common

CFD

Reducing long position

232,937

2.0690 GBP

Common

CFD

Reducing long position

1,549

2.0695 GBP

Common

CFD

Reducing long position

2,953

2.0731 GBP

Common

CFD

Reducing long position

14,617

2.0739 GBP

Common

CFD

Reducing long position

87,417

2.0739 GBP

Common

CFD

Reducing long position

8,860

2.0739 GBP

Common

CFD

Increasing long position

14,770

2.0776 GBP

Common

CFD

Increasing long position

25,014

2.0781 GBP

Common

CFD

Increasing long position

36,287

2.0796 GBP

Common

CFD

Reducing long position

1,961

2.0812 GBP

Common

CFD

Reducing long position

3,271

2.0812 GBP

Common

CFD

Reducing long position

13,012

2.0812 GBP

Common

CFD

Reducing long position

48,849

2.0829 GBP

Common

CFD

Reducing long position

81,377

2.0829 GBP

Common

CFD

Reducing long position

291,542

2.0829 GBP

Common

CFD

Increasing long position

318,499

2.0830 GBP

Common

CFD

Reducing long position

21,919

2.0830 GBP

Common

CFD

Increasing long position

130,085

2.1002 GBP

Common

CFD

Increasing long position

4,644

2.1145 GBP

Common

CFD

Increasing long position

366,016

2.1264 GBP

Common

CFD

Increasing long position

14,061

2.1286 GBP

Common

CFD

Increasing long position

37,682

2.1325 GBP

Common

CFD

Increasing long position

251,783

2.1382 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:

18 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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