Form 8.3 - Direct Line Insurance Group PLC

Citadel Group

12 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	11 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:	3,160	0.00	213,263	0.01
(2) Cash-settled derivatives:	23,699,258	1.80	80,803	0.00
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0.00	0	0.00
TOTAL:	23,702,418	1.80	294,066	0.02

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	19,318	2.2080 GBP
Common	Buy Transaction	4,642	2.2090 GBP
Common	Buy Transaction	2,429	2.2095 GBP
Common	Buy Transaction	25,378	2.2100 GBP
Common	Buy Transaction	2,370	2.2105 GBP
Common	Buy Transaction	12,638	2.2110 GBP
Common	Buy Transaction	9,104	2.2120 GBP
Common	Buy Transaction	1,041	2.2130 GBP
Common	Buy Transaction	1,368	2.2140 GBP
Common	Buy Transaction	962	2.2160 GBP
Common	Buy Transaction	1,969	2.2165 GBP
Common	Buy Transaction	7,323	2.2170 GBP
Common	Buy Transaction	11,967	2.2180 GBP
Common	Buy Transaction	1,356	2.2190 GBP
Common	Buy Transaction	3,488	2.2200 GBP
Common	Buy Transaction	16	2.2210 GBP
Common	Buy Transaction	1,767	2.2220 GBP
Common	Buy Transaction	3,134	2.2230 GBP
Common	Buy Transaction	10,493	2.2240 GBP
Common	Buy Transaction	4,648	2.2250 GBP
Common	Buy Transaction	10,052	2.2260 GBP
Common	Buy Transaction	6,676	2.2270 GBP
Common	Buy Transaction	6,017	2.2280 GBP
Common	Buy Transaction	1,932	2.2290 GBP
Common	Buy Transaction	419	2.2300 GBP
Common	Buy Transaction	904	2.2460 GBP
Common	Buy Transaction	366	2.7300 USD
Common	Buy Transaction	1	11.2200 USD
Common	Sell Transaction	24,470	2.2060 GBP
Common	Sell Transaction	4,874	2.2070 GBP
Common	Sell Transaction	10,739	2.2080 GBP
Common	Sell Transaction	3,627	2.2090 GBP
Common	Sell Transaction	7,820	2.2100 GBP
Common	Sell Transaction	2,182	2.2110 GBP
Common	Sell Transaction	4,972	2.2120 GBP
Common	Sell Transaction	9,051	2.2130 GBP
Common	Sell Transaction	3,872	2.2140 GBP
Common	Sell Transaction	69,947	2.2150 GBP
Common	Sell Transaction	6,243	2.2160 GBP
Common	Sell Transaction	6,412	2.2170 GBP
Common	Sell Transaction	738	2.2180 GBP
Common	Sell Transaction	9,644	2.2190 GBP
Common	Sell Transaction	2,200	2.2195 GBP
Common	Sell Transaction	17,486	2.2200 GBP
Common	Sell Transaction	1,155	2.2210 GBP
Common	Sell Transaction	8,922	2.2220 GBP
Common	Sell Transaction	1,580	2.2225 GBP
Common	Sell Transaction	3,120	2.2230 GBP
Common	Sell Transaction	8,096	2.2240 GBP
Common	Sell Transaction	8,193	2.2250 GBP
Common	Sell Transaction	6,915	2.2260 GBP
Common	Sell Transaction	1,381	2.2270 GBP
Common	Sell Transaction	610	2.2275 GBP
Common	Sell Transaction	1,843	2.2280 GBP
Common	Sell Transaction	1,600	2.2290 GBP
Common	Sell Transaction	1,000	2.2370 GBP
Common	Sell Transaction	123	2.2500 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	40,079	2.2100 GBP
Common	CFD	Increasing long position	2,323	2.2103 GBP
Common	CFD	Increasing long position	200	2.2111 GBP
Common	CFD	Reducing long position	37,510	2.2161 GBP
Common	CFD	Increasing long position	22,921	2.2163 GBP
Common	CFD	Reducing long position	88,890	2.2163 GBP
Common	CFD	Reducing long position	37	2.2183 GBP
Common	CFD	Reducing long position	264	2.2235 GBP
Common	CFD	Increasing long position	42,995	2.2250 GBP
Common	CFD	Reducing long position	2,053	2.2260 GBP
Common	CFD	Increasing long position	33,492	2.2261 GBP
Common	CFD	Increasing long position	2,658	2.2265 GBP
Common	CFD	Reducing long position	3,404	2.2295 GBP
Common	CFD	Increasing long position	555	2.2348 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:	12 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