Form 8.5 (EPT/RI) - DIRECT LINE INSURANCE GROUP PL

GoldmanSachs International
01 March 2024
 

 

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:

(GS) GOLDMAN SACHS INTERNATIONAL

(b) 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

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

DIRECT LINE INSURANCE GROUP PLC

(d) Date dealing undertaken:

29 February 2024

(e) In addition to the company in 1(b) above, is the exempt principal trader 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 - disclosed previously for AGEAS SA/NV

 

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

Ordinary 10 10/11p

Purchases

6,172,747

2.0807 GBP

1.8416 GBP

Ordinary 10 10/11p

Sales

1,371,706

2.0560 GBP

1.9990 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

Ordinary 10 10/11p

CFD

Reducing a long position

6,703

1.8416 GBP

Ordinary 10 10/11p

CFD

Reducing a long position

110,247

1.8789 GBP

Ordinary 10 10/11p

CFD

Reducing a long position

138

1.9622 GBP

Ordinary 10 10/11p

CFD

Reducing a long position

96

1.9912 GBP

Ordinary 10 10/11p

CFD

Reducing a short position

19,339

2.0153 GBP

Ordinary 10 10/11p

CFD

Reducing a short position

5,222

2.0158 GBP

Ordinary 10 10/11p

CFD

Opening a short position

1,284,275

2.0178 GBP

Ordinary 10 10/11p

CFD

Opening a short position

70,572

2.0178 GBP

Ordinary 10 10/11p

CFD

Opening a short position

1,136,801

2.0178 GBP

Ordinary 10 10/11p

CFD

Opening a short position

508,352

2.0178 GBP

Ordinary 10 10/11p

CFD

Reducing a short position

114,390

2.0194 GBP

Ordinary 10 10/11p

CFD

Reducing a short position

6,311

2.0194 GBP

Ordinary 10 10/11p

CFD

Reducing a long position

38,010

2.0195 GBP

Ordinary 10 10/11p

CFD

Reducing a short position

1,037

2.0198 GBP

Ordinary 10 10/11p

CFD

Reducing a short position

3,527

2.0198 GBP

Ordinary 10 10/11p

CFD

Opening a short position

8,681

2.0202 GBP

Ordinary 10 10/11p

CFD

Reducing a long position

90,163

2.0202 GBP

Ordinary 10 10/11p

CFD

Increasing a short position

90,163

2.0202 GBP

Ordinary 10 10/11p

CFD

Increasing a short position

108

2.0206 GBP

Ordinary 10 10/11p

CFD

Increasing a short position

2,708

2.0206 GBP

Ordinary 10 10/11p

CFD

Increasing a short position

947

2.0206 GBP

Ordinary 10 10/11p

CFD

Increasing a short position

2,548

2.0206 GBP

Ordinary 10 10/11p

CFD

Reducing a short position

241,967

2.0215 GBP

Ordinary 10 10/11p

CFD

Reducing a long position

63

2.0223 GBP

Ordinary 10 10/11p

CFD

Reducing a long position

29,374

2.0227 GBP

Ordinary 10 10/11p

CFD

Reducing a short position

58,293

2.0234 GBP

Ordinary 10 10/11p

CFD

Reducing a short position

89,980

2.0250 GBP

Ordinary 10 10/11p

CFD

Reducing a long position

18,005

2.0268 GBP

Ordinary 10 10/11p

CFD

Increasing a short position

390,848

2.0333 GBP

Ordinary 10 10/11p

CFD

Reducing a short position

3,086

2.0390 GBP

Ordinary 10 10/11p

CFD

Increasing a short position

261,789

2.0413 GBP

Ordinary 10 10/11p

CFD

Opening a short position

800,348

2.0424 GBP

Ordinary 10 10/11p

CFD

Increasing a short position

77,422

2.0428 GBP

Ordinary 10 10/11p

CFD

Reducing a long position

48,405

2.0436 GBP

Ordinary 10 10/11p

CFD

Increasing a short position

77,158

2.0456 GBP

Ordinary 10 10/11p

CFD

Increasing a short position

72,403

2.0456 GBP

Ordinary 10 10/11p

CFD

Increasing a short position

14,303

2.0456 GBP

Ordinary 10 10/11p

CFD

Increasing a short position

6,078

2.0456 GBP

Ordinary 10 10/11p

CFD

Increasing a short position

40,058

2.0456 GBP

Ordinary 10 10/11p

CFD

Increasing a short position

125,759

2.0472 GBP

Ordinary 10 10/11p

CFD

Reducing a long position

30,507

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)


 

 



 

 

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:

01 March 2024

Contact name:

Papa Lette and Andrzej Szyszka

Telephone number:

+33(1) 4212 1459 / +48(22) 317 4817

 

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.

 

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

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