Form 8.3 - Direct Line Insurance Group PLC

Citadel Group

15 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	14 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:	210,533	0.01	86,656	0.00
(2) Cash-settled derivatives:	24,485,731	1.86	20,799	0.00
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0.00	0	0.00
TOTAL:	24,696,264	1.88	107,455	0.00

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	21,455	2.0400 GBP
Common	Buy Transaction	1,600	2.0410 GBP
Common	Buy Transaction	3,200	2.0420 GBP
Common	Buy Transaction	39	2.0440 GBP
Common	Buy Transaction	2,000	2.0450 GBP
Common	Buy Transaction	2,981	2.0455 GBP
Common	Buy Transaction	1,500	2.0460 GBP
Common	Buy Transaction	1,236	2.0470 GBP
Common	Buy Transaction	2,119	2.0480 GBP
Common	Buy Transaction	152	2.0485 GBP
Common	Buy Transaction	4,219	2.0490 GBP
Common	Buy Transaction	26,624	2.0500 GBP
Common	Buy Transaction	4,546	2.0510 GBP
Common	Buy Transaction	1,915	2.0520 GBP
Common	Buy Transaction	3,600	2.0540 GBP
Common	Buy Transaction	3,299	2.0550 GBP
Common	Buy Transaction	29,799	2.0560 GBP
Common	Buy Transaction	7,700	2.0570 GBP
Common	Buy Transaction	3,442	2.0580 GBP
Common	Buy Transaction	7,616	2.0590 GBP
Common	Buy Transaction	3,985	2.0600 GBP
Common	Buy Transaction	8,795	2.0610 GBP
Common	Buy Transaction	266	2.0620 GBP
Common	Buy Transaction	1,850	2.0630 GBP
Common	Buy Transaction	6,400	2.0640 GBP
Common	Buy Transaction	18,990	2.0645 GBP
Common	Buy Transaction	4,734	2.0650 GBP
Common	Buy Transaction	11,902	2.0660 GBP
Common	Buy Transaction	2,151	2.0665 GBP
Common	Buy Transaction	3,118	2.0670 GBP
Common	Buy Transaction	600	2.0680 GBP
Common	Buy Transaction	1,268	2.0690 GBP
Common	Buy Transaction	2,955	2.0700 GBP
Common	Buy Transaction	4,071	2.0710 GBP
Common	Buy Transaction	3,292	2.0720 GBP
Common	Buy Transaction	18,838	2.0730 GBP
Common	Buy Transaction	13,587	2.0740 GBP
Common	Buy Transaction	9,865	2.0750 GBP
Common	Buy Transaction	2,813	2.0755 GBP
Common	Buy Transaction	16,907	2.0760 GBP
Common	Buy Transaction	5,733	2.0765 GBP
Common	Buy Transaction	6,937	2.0770 GBP
Common	Buy Transaction	36,676	2.0780 GBP
Common	Buy Transaction	3,197	2.0790 GBP
Common	Buy Transaction	3,559	2.0800 GBP
Common	Buy Transaction	2,389	2.0810 GBP
Common	Buy Transaction	1,610	2.0850 GBP
Common	Buy Transaction	3,574	2.0870 GBP
Common	Buy Transaction	93	2.0880 GBP
Common	Buy Transaction	100	2.0965 GBP
Common	Buy Transaction	758	2.0985 GBP
Common	Buy Transaction	1,329	2.1010 GBP
Common	Buy Transaction	257	2.1050 GBP
Common	Buy Transaction	200	2.1200 GBP
Common	Buy Transaction	5,493	2.1210 GBP
Common	Buy Transaction	511	2.1220 GBP
Common	Buy Transaction	6,556	2.1230 GBP
Common	Buy Transaction	3,448	2.1235 GBP
Common	Buy Transaction	1,041	2.1250 GBP
Common	Buy Transaction	7,562	2.1270 GBP
Common	Buy Transaction	8,248	2.1280 GBP
Common	Buy Transaction	16,510	2.1300 GBP
Common	Buy Transaction	1,900	2.1310 GBP
Common	Buy Transaction	22,869	2.1330 GBP
Common	Buy Transaction	5,320	2.1350 GBP
Common	Buy Transaction	806	2.1400 GBP
Common	Buy Transaction	267	2.1420 GBP
Common	Buy Transaction	535	2.1440 GBP
Common	Buy Transaction	1,185	2.1490 GBP
Common	Buy Transaction	1,297	2.1510 GBP
Common	Buy Transaction	2,218	2.1520 GBP
Common	Buy Transaction	56	2.1570 GBP
Common	Buy Transaction	2,850	2.1580 GBP
Common	Buy Transaction	2,051	2.1600 GBP
Common	Buy Transaction	1,166	2.1610 GBP
Common	Buy Transaction	1,900	2.1620 GBP
Common	Buy Transaction	550	2.1650 GBP
Common	Buy Transaction	130	2.1655 GBP
Common	Buy Transaction	5	2.1680 GBP
Common	Buy Transaction	3,600	2.1690 GBP
Common	Buy Transaction	19,761	2.1700 GBP
Common	Buy Transaction	27,516	2.1710 GBP
Common	Buy Transaction	792	2.1720 GBP
Common	Buy Transaction	2,819	2.1730 GBP
Common	Buy Transaction	12,571	2.1740 GBP
Common	Buy Transaction	33,547	2.1750 GBP
Common	Buy Transaction	3,550	2.1755 GBP
Common	Buy Transaction	456	2.1770 GBP
Common	Buy Transaction	718	2.1780 GBP
Common	Buy Transaction	1,685	2.1790 GBP
Common	Buy Transaction	8,893	2.1800 GBP
Common	Buy Transaction	8,041	2.1810 GBP
Common	Buy Transaction	1,124	2.1820 GBP
Common	Buy Transaction	392	2.1830 GBP
Common	Buy Transaction	59	2.1835 GBP
Common	Buy Transaction	1,858	2.1840 GBP
Common	Buy Transaction	16,144	2.1850 GBP
Common	Buy Transaction	465	2.1860 GBP
Common	Buy Transaction	694	2.1870 GBP
Common	Buy Transaction	3,474	2.1880 GBP
Common	Buy Transaction	20,404	2.1900 GBP
Common	Buy Transaction	390	2.1910 GBP
Common	Buy Transaction	1,225	2.1920 GBP
Common	Buy Transaction	1,500	2.1960 GBP
Common	Buy Transaction	228	2.2000 GBP
Common	Sell Transaction	690	2.0430 GBP
Common	Sell Transaction	66	2.0460 GBP
Common	Sell Transaction	5,927	2.0470 GBP
Common	Sell Transaction	4,885	2.0480 GBP
Common	Sell Transaction	11,722	2.0500 GBP
Common	Sell Transaction	11,973	2.0510 GBP
Common	Sell Transaction	7,101	2.0520 GBP
Common	Sell Transaction	3,427	2.0530 GBP
Common	Sell Transaction	8,950	2.0540 GBP
Common	Sell Transaction	8,228	2.0550 GBP
Common	Sell Transaction	6,089	2.0560 GBP
Common	Sell Transaction	9,362	2.0570 GBP
Common	Sell Transaction	4,800	2.0580 GBP
Common	Sell Transaction	6,094	2.0590 GBP
Common	Sell Transaction	6,896	2.0600 GBP
Common	Sell Transaction	6,290	2.0610 GBP
Common	Sell Transaction	12,716	2.0620 GBP
Common	Sell Transaction	4,814	2.0630 GBP
Common	Sell Transaction	6,062	2.0640 GBP
Common	Sell Transaction	254	2.0650 GBP
Common	Sell Transaction	4,614	2.0660 GBP
Common	Sell Transaction	4,026	2.0670 GBP
Common	Sell Transaction	8,773	2.0680 GBP
Common	Sell Transaction	69	2.0685 GBP
Common	Sell Transaction	7,300	2.0690 GBP
Common	Sell Transaction	5,203	2.0710 GBP
Common	Sell Transaction	11,060	2.0720 GBP
Common	Sell Transaction	3,924	2.0730 GBP
Common	Sell Transaction	4,428	2.0740 GBP
Common	Sell Transaction	16,738	2.0750 GBP
Common	Sell Transaction	107	2.0755 GBP
Common	Sell Transaction	12,032	2.0760 GBP
Common	Sell Transaction	4,993	2.0770 GBP
Common	Sell Transaction	8,200	2.0780 GBP
Common	Sell Transaction	1,510	2.0790 GBP
Common	Sell Transaction	1,600	2.0800 GBP
Common	Sell Transaction	4,387	2.0810 GBP
Common	Sell Transaction	4,743	2.0820 GBP
Common	Sell Transaction	7,328	2.0830 GBP
Common	Sell Transaction	13,182	2.0840 GBP
Common	Sell Transaction	8,881	2.0850 GBP
Common	Sell Transaction	9,097	2.0860 GBP
Common	Sell Transaction	2,222	2.0870 GBP
Common	Sell Transaction	149	2.0875 GBP
Common	Sell Transaction	956	2.0880 GBP
Common	Sell Transaction	12,827	2.0890 GBP
Common	Sell Transaction	3,579	2.0900 GBP
Common	Sell Transaction	1,550	2.0910 GBP
Common	Sell Transaction	191	2.0920 GBP
Common	Sell Transaction	3,833	2.0930 GBP
Common	Sell Transaction	1,600	2.0940 GBP
Common	Sell Transaction	1,100	2.1000 GBP
Common	Sell Transaction	1,900	2.1010 GBP
Common	Sell Transaction	44	2.1050 GBP
Common	Sell Transaction	2,823	2.1060 GBP
Common	Sell Transaction	1	2.1120 GBP
Common	Sell Transaction	478	2.1170 GBP
Common	Sell Transaction	4,224	2.1200 GBP
Common	Sell Transaction	1,600	2.1220 GBP
Common	Sell Transaction	10	2.1240 GBP
Common	Sell Transaction	2,845	2.1290 GBP
Common	Sell Transaction	1,600	2.1320 GBP
Common	Sell Transaction	596	2.1390 GBP
Common	Sell Transaction	1,100	2.1440 GBP
Common	Sell Transaction	722	2.1450 GBP
Common	Sell Transaction	1,341	2.1470 GBP
Common	Sell Transaction	1,982	2.1500 GBP
Common	Sell Transaction	1,600	2.1510 GBP
Common	Sell Transaction	810	2.1520 GBP
Common	Sell Transaction	10	2.1560 GBP
Common	Sell Transaction	5,910	2.1570 GBP
Common	Sell Transaction	10	2.1580 GBP
Common	Sell Transaction	3,450	2.1590 GBP
Common	Sell Transaction	604	2.1600 GBP
Common	Sell Transaction	2,916	2.1620 GBP
Common	Sell Transaction	1,398	2.1670 GBP
Common	Sell Transaction	2,238	2.1690 GBP
Common	Sell Transaction	6,861	2.1700 GBP
Common	Sell Transaction	418	2.1710 GBP
Common	Sell Transaction	1,184	2.1720 GBP
Common	Sell Transaction	1,844	2.1730 GBP
Common	Sell Transaction	142	2.1740 GBP
Common	Sell Transaction	160	2.1750 GBP
Common	Sell Transaction	1,271	2.1760 GBP
Common	Sell Transaction	1,314	2.1780 GBP
Common	Sell Transaction	8,235	2.1790 GBP
Common	Sell Transaction	3,507	2.1800 GBP
Common	Sell Transaction	2,104	2.1810 GBP
Common	Sell Transaction	2,011	2.1820 GBP
Common	Sell Transaction	3,638	2.1830 GBP
Common	Sell Transaction	8,781	2.1840 GBP
Common	Sell Transaction	1,530	2.1860 GBP
Common	Sell Transaction	1,968	2.1870 GBP
Common	Sell Transaction	741	2.1880 GBP
Common	Sell Transaction	1,786	2.1890 GBP
Common	Sell Transaction	3,638	2.1910 GBP
Common	Sell Transaction	1,636	2.1960 GBP
Common	Sell Transaction	1,777	2.1980 GBP
Common	Sell Transaction	3,190	2.1990 GBP
Common	Sell Transaction	1,294	2.2000 GBP
Common	Sell Transaction	1,188	2.2010 GBP
Common	Sell Transaction	758	2.2030 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	51,586	2.0619 GBP
Common	CFD	Reducing long position	5,990	2.0720 GBP
Common	CFD	Reducing long position	7,679	2.0843 GBP
Common	CFD	Increasing long position	9,747	2.0846 GBP
Common	CFD	Increasing long position	5,801	2.0846 GBP
Common	CFD	Reducing long position	1,160	2.0854 GBP
Common	CFD	Reducing long position	3,334	2.0855 GBP
Common	CFD	Increasing long position	53,939	2.0900 GBP
Common	CFD	Reducing long position	210,300	2.0900 GBP
Common	CFD	Reducing long position	19,023	2.0902 GBP
Common	CFD	Reducing long position	109,910	2.0942 GBP
Common	CFD	Reducing long position	151,168	2.0950 GBP
Common	CFD	Increasing long position	5,914	2.1300 GBP
Common	CFD	Increasing long position	74,752	2.1340 GBP
Common	CFD	Increasing long position	170,965	2.1387 GBP
Common	CFD	Reducing long position	1,717	2.1550 GBP
Common	CFD	Increasing long position	147,374	2.1659 GBP
Common	CFD	Increasing long position	54,301	2.1713 GBP
Common	CFD	Increasing long position	12,421	2.1951 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:	15 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