Form 8.3 - Direct Line Insurance Group PLC

Citadel Group

04 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	1 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:	46,519	0.00	122,462	0.00
(2) Cash-settled derivatives:	25,285,869	1.92	103,319	0.00
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0.00	0	0.00
TOTAL:	25,332,388	1.93	225,781	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	2,002	2.0040 GBP
Common	Buy Transaction	3,297	2.0050 GBP
Common	Buy Transaction	1,200	2.0070 GBP
Common	Buy Transaction	1,565	2.0090 GBP
Common	Buy Transaction	1,256	2.0100 GBP
Common	Buy Transaction	763	2.0120 GBP
Common	Buy Transaction	1,100	2.0280 GBP
Common	Buy Transaction	400	2.0310 GBP
Common	Buy Transaction	517	2.0320 GBP
Common	Buy Transaction	4,393	2.0340 GBP
Common	Buy Transaction	1,232	2.0360 GBP
Common	Buy Transaction	2,006	2.0370 GBP
Common	Buy Transaction	2,202	2.0380 GBP
Common	Buy Transaction	3,600	2.0390 GBP
Common	Buy Transaction	2,188	2.0400 GBP
Common	Buy Transaction	1,100	2.0410 GBP
Common	Buy Transaction	1,585	2.0420 GBP
Common	Buy Transaction	4,077	2.0430 GBP
Common	Buy Transaction	1,595	2.0450 GBP
Common	Buy Transaction	4,400	2.0460 GBP
Common	Buy Transaction	234	2.0470 GBP
Common	Buy Transaction	14,760	2.0480 GBP
Common	Buy Transaction	32,757	2.0500 GBP
Common	Buy Transaction	15,277	2.0510 GBP
Common	Buy Transaction	8,556	2.0520 GBP
Common	Buy Transaction	1,339	2.0530 GBP
Common	Buy Transaction	5,176	2.0540 GBP
Common	Buy Transaction	9,905	2.0550 GBP
Common	Buy Transaction	8,873	2.0560 GBP
Common	Buy Transaction	22,801	2.0570 GBP
Common	Buy Transaction	7,239	2.0580 GBP
Common	Buy Transaction	15,698	2.0590 GBP
Common	Buy Transaction	10,608	2.0595 GBP
Common	Buy Transaction	22,149	2.0600 GBP
Common	Buy Transaction	17,602	2.0610 GBP
Common	Buy Transaction	26,881	2.0620 GBP
Common	Buy Transaction	6,778	2.0630 GBP
Common	Buy Transaction	12,084	2.0640 GBP
Common	Buy Transaction	7,872	2.0650 GBP
Common	Buy Transaction	5,605	2.0655 GBP
Common	Buy Transaction	2,474	2.0660 GBP
Common	Buy Transaction	9,350	2.0670 GBP
Common	Buy Transaction	5,328	2.0680 GBP
Common	Buy Transaction	5,148	2.0690 GBP
Common	Buy Transaction	3,271	2.0695 GBP
Common	Buy Transaction	30,808	2.0700 GBP
Common	Buy Transaction	16,187	2.0710 GBP
Common	Buy Transaction	14,325	2.0720 GBP
Common	Buy Transaction	13,723	2.0730 GBP
Common	Buy Transaction	10,791	2.0740 GBP
Common	Buy Transaction	5,700	2.0750 GBP
Common	Buy Transaction	14,250	2.0755 GBP
Common	Buy Transaction	19,263	2.0760 GBP
Common	Buy Transaction	4,920	2.0770 GBP
Common	Buy Transaction	14,564	2.0780 GBP
Common	Buy Transaction	3,207	2.0790 GBP
Common	Buy Transaction	4,500	2.0800 GBP
Common	Buy Transaction	6,050	2.0820 GBP
Common	Buy Transaction	4,835	2.0830 GBP
Common	Buy Transaction	7,651	2.0840 GBP
Common	Buy Transaction	1,790	2.0850 GBP
Common	Buy Transaction	8,348	2.0870 GBP
Common	Buy Transaction	3,162	2.0880 GBP
Common	Buy Transaction	91	2.0890 GBP
Common	Buy Transaction	113	2.0900 GBP
Common	Buy Transaction	110	2.0910 GBP
Common	Buy Transaction	2,439	2.0920 GBP
Common	Buy Transaction	3,800	2.0930 GBP
Common	Buy Transaction	5,054	2.0940 GBP
Common	Buy Transaction	6,887	2.0950 GBP
Common	Sell Transaction	6,997	2.0010 GBP
Common	Sell Transaction	346	2.0030 GBP
Common	Sell Transaction	545	2.0100 GBP
Common	Sell Transaction	9,435	2.0240 GBP
Common	Sell Transaction	1,600	2.0310 GBP
Common	Sell Transaction	1,600	2.0330 GBP
Common	Sell Transaction	197	2.0340 GBP
Common	Sell Transaction	2,117	2.0360 GBP
Common	Sell Transaction	550	2.0370 GBP
Common	Sell Transaction	2,120	2.0400 GBP
Common	Sell Transaction	495	2.0430 GBP
Common	Sell Transaction	1,670	2.0440 GBP
Common	Sell Transaction	1,025	2.0450 GBP
Common	Sell Transaction	8,656	2.0470 GBP
Common	Sell Transaction	3,189	2.0480 GBP
Common	Sell Transaction	1,260	2.0490 GBP
Common	Sell Transaction	77	2.0500 GBP
Common	Sell Transaction	654	2.0510 GBP
Common	Sell Transaction	3,754	2.0550 GBP
Common	Sell Transaction	6,029	2.0560 GBP
Common	Sell Transaction	641	2.0590 GBP
Common	Sell Transaction	1,600	2.0600 GBP
Common	Sell Transaction	199	2.0610 GBP
Common	Sell Transaction	383	2.0640 GBP
Common	Sell Transaction	1,123	2.0670 GBP
Common	Sell Transaction	2,000	2.0690 GBP
Common	Sell Transaction	12,308	2.0695 GBP
Common	Sell Transaction	1,887	2.0700 GBP
Common	Sell Transaction	1,000	2.0710 GBP
Common	Sell Transaction	4,258	2.0720 GBP
Common	Sell Transaction	1,899	2.0730 GBP
Common	Sell Transaction	11,925	2.0740 GBP
Common	Sell Transaction	13,752	2.0750 GBP
Common	Sell Transaction	1,644	2.0760 GBP
Common	Sell Transaction	8,156	2.0770 GBP
Common	Sell Transaction	266	2.0780 GBP
Common	Sell Transaction	7,276	2.0790 GBP
Common	Sell Transaction	1,685	2.0800 GBP
Common	Sell Transaction	3,953	2.0810 GBP
Common	Sell Transaction	188	2.0820 GBP
Common	Sell Transaction	980	2.0830 GBP
Common	Sell Transaction	11,104	2.0840 GBP
Common	Sell Transaction	18,894	2.0850 GBP
Common	Sell Transaction	12,387	2.0860 GBP
Common	Sell Transaction	5,665	2.0870 GBP
Common	Sell Transaction	1,900	2.0880 GBP
Common	Sell Transaction	11,422	2.0890 GBP
Common	Sell Transaction	19,099	2.0900 GBP
Common	Sell Transaction	16,859	2.0910 GBP
Common	Sell Transaction	6,038	2.0920 GBP
Common	Sell Transaction	564	2.0930 GBP
Common	Sell Transaction	5,827	2.0940 GBP
Common	Sell Transaction	1,600	2.0950 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	33,041	2.0409 GBP
Common	CFD	Reducing long position	14,320	2.0469 GBP
Common	CFD	Reducing long position	46,274	2.0470 GBP
Common	CFD	Reducing long position	8,560	2.0501 GBP
Common	CFD	Increasing long position	16,432	2.0516 GBP
Common	CFD	Reducing long position	6,014	2.0612 GBP
Common	CFD	Reducing long position	12,471	2.0613 GBP
Common	CFD	Reducing long position	5,030	2.0621 GBP
Common	CFD	Reducing long position	20,119	2.0621 GBP
Common	CFD	Reducing long position	3,018	2.0621 GBP
Common	CFD	Reducing long position	63,706	2.0626 GBP
Common	CFD	Reducing long position	11,901	2.0627 GBP
Common	CFD	Reducing long position	2,492	2.0634 GBP
Common	CFD	Reducing long position	2,153	2.0638 GBP
Common	CFD	Reducing long position	24,043	2.0639 GBP
Common	CFD	Increasing long position	246,222	2.0688 GBP
Common	CFD	Increasing long position	54,638	2.0691 GBP
Common	CFD	Reducing long position	250,000	2.0700 GBP
Common	CFD	Reducing long position	142,857	2.0702 GBP
Common	CFD	Reducing long position	35,716	2.0703 GBP
Common	CFD	Reducing long position	21,427	2.0703 GBP
Common	CFD	Reducing long position	21,427	2.0711 GBP
Common	CFD	Reducing long position	142,859	2.0711 GBP
Common	CFD	Reducing long position	35,714	2.0711 GBP
Common	CFD	Increasing long position	28,573	2.0717 GBP
Common	CFD	Increasing long position	42	2.0745 GBP
Common	CFD	Reducing long position	1,618	2.0750 GBP
Common	CFD	Reducing long position	328	2.0757 GBP
Common	CFD	Reducing long position	548	2.0757 GBP
Common	CFD	Reducing long position	2,191	2.0757 GBP
Common	CFD	Increasing long position	66,279	2.0770 GBP
Common	CFD	Reducing long position	1,481	2.0778 GBP
Common	CFD	Reducing long position	9,007	2.0782 GBP
Common	CFD	Increasing long position	4,911	2.0792 GBP
Common	CFD	Reducing long position	26,785	2.0800 GBP
Common	CFD	Reducing long position	178,572	2.0800 GBP
Common	CFD	Reducing long position	44,643	2.0800 GBP
Common	CFD	Reducing long position	14,592	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)

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:	4 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