Form 8.3 - Direct Line Insurance Group PLC

Citadel Group

01 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	29 February 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:	0	0.00	355,956	0.02
(2) Cash-settled derivatives:	26,059,146	1.98	110,786	0.00
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0.00	0	0.00
TOTAL:	26,059,146	1.98	466,742	0.03

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	2,000	1.9935 GBP
Common	Buy Transaction	606	1.9940 GBP
Common	Buy Transaction	281	1.9945 GBP
Common	Buy Transaction	1,551	1.9960 GBP
Common	Buy Transaction	4,302	1.9970 GBP
Common	Buy Transaction	2,157	1.9975 GBP
Common	Buy Transaction	632	1.9985 GBP
Common	Buy Transaction	1,500	1.9995 GBP
Common	Buy Transaction	3,913	2.0020 GBP
Common	Buy Transaction	2	2.0040 GBP
Common	Buy Transaction	625	2.0070 GBP
Common	Buy Transaction	3,487	2.0080 GBP
Common	Buy Transaction	7,104	2.0090 GBP
Common	Buy Transaction	13,404	2.0100 GBP
Common	Buy Transaction	11,820	2.0110 GBP
Common	Buy Transaction	10,433	2.0120 GBP
Common	Buy Transaction	2,857	2.0125 GBP
Common	Buy Transaction	7,341	2.0130 GBP
Common	Buy Transaction	10,896	2.0140 GBP
Common	Buy Transaction	3,169	2.0150 GBP
Common	Buy Transaction	8,835	2.0160 GBP
Common	Buy Transaction	7,378	2.0170 GBP
Common	Buy Transaction	12,573	2.0180 GBP
Common	Buy Transaction	1,772	2.0190 GBP
Common	Buy Transaction	5,150	2.0200 GBP
Common	Buy Transaction	7,570	2.0210 GBP
Common	Buy Transaction	5,076	2.0220 GBP
Common	Buy Transaction	2,221	2.0230 GBP
Common	Buy Transaction	7,710	2.0240 GBP
Common	Buy Transaction	2,858	2.0250 GBP
Common	Buy Transaction	509	2.0260 GBP
Common	Buy Transaction	916	2.0270 GBP
Common	Buy Transaction	1,600	2.0280 GBP
Common	Buy Transaction	1,800	2.0290 GBP
Common	Buy Transaction	1,462	2.0300 GBP
Common	Buy Transaction	1	2.0310 GBP
Common	Buy Transaction	5,120	2.0320 GBP
Common	Buy Transaction	486	2.0330 GBP
Common	Buy Transaction	7,703	2.0340 GBP
Common	Buy Transaction	4,912	2.0345 GBP
Common	Buy Transaction	15,806	2.0350 GBP
Common	Buy Transaction	10,785	2.0360 GBP
Common	Buy Transaction	10,321	2.0370 GBP
Common	Buy Transaction	6,120	2.0380 GBP
Common	Buy Transaction	7,571	2.0390 GBP
Common	Buy Transaction	9,946	2.0400 GBP
Common	Buy Transaction	3,031	2.0410 GBP
Common	Buy Transaction	300	2.0415 GBP
Common	Buy Transaction	4,378	2.0420 GBP
Common	Buy Transaction	168	2.0430 GBP
Common	Buy Transaction	9,454	2.0440 GBP
Common	Buy Transaction	3,877	2.0450 GBP
Common	Buy Transaction	3,146	2.0460 GBP
Common	Buy Transaction	50	2.0465 GBP
Common	Buy Transaction	5,374	2.0470 GBP
Common	Buy Transaction	5,956	2.0480 GBP
Common	Buy Transaction	1,926	2.0490 GBP
Common	Buy Transaction	29,691	2.0500 GBP
Common	Buy Transaction	6,020	2.0510 GBP
Common	Buy Transaction	1,346	2.0540 GBP
Common	Buy Transaction	1,170	2.0550 GBP
Common	Buy Transaction	3,207	2.0560 GBP
Common	Sell Transaction	3,674	2.0060 GBP
Common	Sell Transaction	1,551	2.0070 GBP
Common	Sell Transaction	1,561	2.0080 GBP
Common	Sell Transaction	8,887	2.0090 GBP
Common	Sell Transaction	23,285	2.0100 GBP
Common	Sell Transaction	5,250	2.0110 GBP
Common	Sell Transaction	1,294	2.0115 GBP
Common	Sell Transaction	5,840	2.0120 GBP
Common	Sell Transaction	16,734	2.0130 GBP
Common	Sell Transaction	3,257	2.0140 GBP
Common	Sell Transaction	1,738	2.0150 GBP
Common	Sell Transaction	258	2.0160 GBP
Common	Sell Transaction	1,998	2.0170 GBP
Common	Sell Transaction	1,764	2.0190 GBP
Common	Sell Transaction	12,027	2.0200 GBP
Common	Sell Transaction	19,364	2.0210 GBP
Common	Sell Transaction	10,073	2.0220 GBP
Common	Sell Transaction	3,711	2.0230 GBP
Common	Sell Transaction	15,084	2.0240 GBP
Common	Sell Transaction	6,784	2.0250 GBP
Common	Sell Transaction	7,442	2.0260 GBP
Common	Sell Transaction	2,279	2.0270 GBP
Common	Sell Transaction	4,041	2.0280 GBP
Common	Sell Transaction	133,709	2.0300 GBP
Common	Sell Transaction	2,507	2.0310 GBP
Common	Sell Transaction	10	2.0320 GBP
Common	Sell Transaction	8,130	2.0330 GBP
Common	Sell Transaction	60,547	2.0340 GBP
Common	Sell Transaction	18,760	2.0350 GBP
Common	Sell Transaction	23,202	2.0360 GBP
Common	Sell Transaction	13,600	2.0370 GBP
Common	Sell Transaction	8,395	2.0380 GBP
Common	Sell Transaction	13,844	2.0390 GBP
Common	Sell Transaction	5,371	2.0400 GBP
Common	Sell Transaction	13,502	2.0410 GBP
Common	Sell Transaction	2,581	2.0420 GBP
Common	Sell Transaction	1,080	2.0425 GBP
Common	Sell Transaction	7,943	2.0430 GBP
Common	Sell Transaction	18,797	2.0440 GBP
Common	Sell Transaction	5,144	2.0450 GBP
Common	Sell Transaction	14,144	2.0460 GBP
Common	Sell Transaction	1,028	2.0465 GBP
Common	Sell Transaction	6,850	2.0470 GBP
Common	Sell Transaction	2,000	2.0480 GBP
Common	Sell Transaction	1,336	2.0490 GBP
Common	Sell Transaction	10,400	2.0500 GBP
Common	Sell Transaction	1,100	2.0520 GBP
Common	Sell Transaction	5,300	2.0540 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	5,879	2.0110 GBP
Common	CFD	Increasing long position	5,146	2.0145 GBP
Common	CFD	Increasing long position	3,148	2.0155 GBP
Common	CFD	Increasing long position	13,385	2.0156 GBP
Common	CFD	Increasing long position	25,610	2.0158 GBP
Common	CFD	Increasing long position	5,359	2.0161 GBP
Common	CFD	Increasing long position	30,613	2.0163 GBP
Common	CFD	Increasing long position	2,638	2.0174 GBP
Common	CFD	Increasing long position	11,407	2.0182 GBP
Common	CFD	Reducing long position	1,975	2.0185 GBP
Common	CFD	Reducing long position	1,213	2.0190 GBP
Common	CFD	Increasing long position	946	2.0194 GBP
Common	CFD	Increasing long position	1,296	2.0194 GBP
Common	CFD	Increasing long position	93,637	2.0200 GBP
Common	CFD	Reducing long position	4,645	2.0200 GBP
Common	CFD	Reducing long position	93,868	2.0201 GBP
Common	CFD	Reducing long position	4,499	2.0205 GBP
Common	CFD	Reducing long position	78,417	2.0227 GBP
Common	CFD	Reducing long position	1,239	2.0237 GBP
Common	CFD	Reducing long position	99,395	2.0239 GBP
Common	CFD	Reducing long position	35,575	2.0241 GBP
Common	CFD	Reducing long position	57	2.0241 GBP
Common	CFD	Reducing long position	94	2.0241 GBP
Common	CFD	Reducing long position	353	2.0242 GBP
Common	CFD	Increasing long position	45,719	2.0247 GBP
Common	CFD	Increasing long position	2,915	2.0250 GBP
Common	CFD	Reducing long position	138,173	2.0251 GBP
Common	CFD	Reducing long position	19,597	2.0265 GBP
Common	CFD	Reducing long position	6,816	2.0269 GBP
Common	CFD	Reducing long position	71,046	2.0273 GBP
Common	CFD	Reducing long position	847	2.0297 GBP
Common	CFD	Reducing long position	5,383	2.0297 GBP
Common	CFD	Reducing long position	1,413	2.0297 GBP
Common	CFD	Reducing long position	20	2.0300 GBP
Common	CFD	Increasing long position	264,298	2.0313 GBP
Common	CFD	Reducing long position	6,438	2.0317 GBP
Common	CFD	Reducing long position	7,572	2.0325 GBP
Common	CFD	Reducing long position	5,780	2.0330 GBP
Common	CFD	Reducing long position	16,881	2.0338 GBP
Common	CFD	Reducing long position	21,487	2.0358 GBP
Common	CFD	Reducing long position	3,088	2.0358 GBP
Common	CFD	Reducing long position	11,748	2.0380 GBP
Common	CFD	Increasing long position	61,519	2.0393 GBP
Common	CFD	Reducing long position	1,557	2.0410 GBP
Common	CFD	Reducing long position	277	2.0414 GBP
Common	CFD	Reducing long position	457	2.0414 GBP
Common	CFD	Reducing long position	1,701	2.0414 GBP
Common	CFD	Increasing long position	7,927	2.0492 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:	1 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 [phone].

*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.

 

END