Form 8.3 - Direct Line Insurance Group PLC

Citadel Group

13 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	12 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:	366	0.00	225,864	0.01
(2) Cash-settled derivatives:	24,405,131	1.86	65,530	0.00
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0.00	0	0.00
TOTAL:	24,405,497	1.86	291,394	0.02

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	1,400	2.2250 GBP
Common	Buy Transaction	2,355	2.2280 GBP
Common	Buy Transaction	950	2.2290 GBP
Common	Buy Transaction	3,092	2.2300 GBP
Common	Buy Transaction	3,670	2.2350 GBP
Common	Buy Transaction	2,153	2.2370 GBP
Common	Buy Transaction	13,993	2.2380 GBP
Common	Buy Transaction	4,704	2.2390 GBP
Common	Buy Transaction	1,031	2.2400 GBP
Common	Buy Transaction	3,583	2.2410 GBP
Common	Buy Transaction	5,971	2.2420 GBP
Common	Buy Transaction	1,124	2.2430 GBP
Common	Buy Transaction	4,626	2.2440 GBP
Common	Buy Transaction	794	2.2450 GBP
Common	Buy Transaction	4,930	2.2460 GBP
Common	Buy Transaction	12,234	2.2470 GBP
Common	Buy Transaction	21,020	2.2480 GBP
Common	Buy Transaction	2,661	2.2490 GBP
Common	Buy Transaction	11,441	2.2500 GBP
Common	Buy Transaction	426	2.2510 GBP
Common	Buy Transaction	4,035	2.2520 GBP
Common	Buy Transaction	1,014	2.2530 GBP
Common	Buy Transaction	630	2.2540 GBP
Common	Buy Transaction	885	2.2550 GBP
Common	Buy Transaction	2,891	2.2560 GBP
Common	Buy Transaction	15,626	2.2570 GBP
Common	Buy Transaction	4,349	2.2580 GBP
Common	Buy Transaction	1,306	2.2590 GBP
Common	Buy Transaction	6,674	2.2600 GBP
Common	Buy Transaction	5,248	2.2610 GBP
Common	Sell Transaction	7,020	2.2250 GBP
Common	Sell Transaction	4,122	2.2260 GBP
Common	Sell Transaction	1,538	2.2300 GBP
Common	Sell Transaction	942	2.2310 GBP
Common	Sell Transaction	480	2.2320 GBP
Common	Sell Transaction	2,652	2.2330 GBP
Common	Sell Transaction	822	2.2340 GBP
Common	Sell Transaction	2,865	2.2350 GBP
Common	Sell Transaction	3,020	2.2360 GBP
Common	Sell Transaction	12,898	2.2370 GBP
Common	Sell Transaction	7,581	2.2380 GBP
Common	Sell Transaction	7,740	2.2390 GBP
Common	Sell Transaction	13,804	2.2400 GBP
Common	Sell Transaction	5,891	2.2410 GBP
Common	Sell Transaction	4,942	2.2420 GBP
Common	Sell Transaction	2,885	2.2430 GBP
Common	Sell Transaction	6,466	2.2440 GBP
Common	Sell Transaction	11,362	2.2450 GBP
Common	Sell Transaction	16,117	2.2460 GBP
Common	Sell Transaction	10,054	2.2470 GBP
Common	Sell Transaction	1,573	2.2480 GBP
Common	Sell Transaction	191	2.2485 GBP
Common	Sell Transaction	1,134	2.2490 GBP
Common	Sell Transaction	516	2.2500 GBP
Common	Sell Transaction	2,605	2.2520 GBP
Common	Sell Transaction	165	2.2530 GBP
Common	Sell Transaction	1,336	2.2550 GBP
Common	Sell Transaction	1,269	2.2560 GBP
Common	Sell Transaction	2,854	2.2570 GBP
Common	Sell Transaction	6,009	2.2580 GBP
Common	Sell Transaction	3,432	2.2590 GBP
Common	Sell Transaction	15,256	2.2600 GBP
Common	Sell Transaction	670	2.2630 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	16,095	2.2365 GBP
Common	CFD	Reducing long position	4,562	2.2385 GBP
Common	CFD	Reducing long position	19,575	2.2398 GBP
Common	CFD	Reducing long position	68,793	2.2409 GBP
Common	CFD	Increasing long position	322	2.2418 GBP
Common	CFD	Increasing long position	537	2.2420 GBP
Common	CFD	Increasing long position	2,143	2.2420 GBP
Common	CFD	Reducing long position	198	2.2425 GBP
Common	CFD	Reducing long position	32,620	2.2437 GBP
Common	CFD	Increasing long position	636,406	2.2438 GBP
Common	CFD	Increasing long position	15,648	2.2448 GBP
Common	CFD	Increasing long position	8,918	2.2451 GBP
Common	CFD	Increasing long position	5,350	2.2451 GBP
Common	CFD	Increasing long position	35,673	2.2451 GBP
Common	CFD	Reducing long position	834	2.2493 GBP
Common	CFD	Reducing long position	42	2.2515 GBP
Common	CFD	Reducing long position	333	2.2549 GBP
Common	CFD	Reducing long position	1,460	2.2560 GBP
Common	CFD	Reducing long position	601	2.2570 GBP
Common	CFD	Increasing long position	179,953	2.2580 GBP
Common	CFD	Reducing long position	14,426	2.2580 GBP
Common	CFD	Reducing long position	4,265	2.2590 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:	13 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