Form 8.3 - Direct Line Insurance Group PLC

Citadel Group

18 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	15 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:	222,055	0.01	98,713	0.00
(2) Cash-settled derivatives:	24,833,019	1.89	35,852	0.00
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0.00	0	0.00
TOTAL:	25,055,074	1.91	134,565	0.01

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	917	2.0550 GBP
Common	Buy Transaction	651	2.0560 GBP
Common	Buy Transaction	33,873	2.0580 GBP
Common	Buy Transaction	2,678	2.0600 GBP
Common	Buy Transaction	114	2.0650 GBP
Common	Buy Transaction	1,288	2.0655 GBP
Common	Buy Transaction	3,500	2.0660 GBP
Common	Buy Transaction	1,446	2.0670 GBP
Common	Buy Transaction	3,600	2.0680 GBP
Common	Buy Transaction	10,414	2.0700 GBP
Common	Buy Transaction	3,758	2.0710 GBP
Common	Buy Transaction	2,850	2.0720 GBP
Common	Buy Transaction	557	2.0730 GBP
Common	Buy Transaction	1,984	2.0770 GBP
Common	Buy Transaction	183	2.0780 GBP
Common	Buy Transaction	264	2.0790 GBP
Common	Buy Transaction	289	2.0800 GBP
Common	Buy Transaction	2,142	2.0810 GBP
Common	Buy Transaction	580	2.0820 GBP
Common	Buy Transaction	2,785	2.0840 GBP
Common	Buy Transaction	3,362	2.0900 GBP
Common	Buy Transaction	1,902	2.0930 GBP
Common	Buy Transaction	1,100	2.0940 GBP
Common	Buy Transaction	3,798	2.0980 GBP
Common	Buy Transaction	56,018	2.1000 GBP
Common	Buy Transaction	550	2.1150 GBP
Common	Buy Transaction	2,075	2.1160 GBP
Common	Buy Transaction	24,850	2.1170 GBP
Common	Buy Transaction	844	2.1180 GBP
Common	Buy Transaction	5,825	2.1190 GBP
Common	Buy Transaction	13,143	2.1200 GBP
Common	Buy Transaction	6,818	2.1210 GBP
Common	Buy Transaction	1,500	2.1220 GBP
Common	Buy Transaction	1,900	2.1230 GBP
Common	Buy Transaction	5,450	2.1250 GBP
Common	Buy Transaction	36	2.1290 GBP
Common	Buy Transaction	2,637	2.1300 GBP
Common	Buy Transaction	2,800	2.1310 GBP
Common	Buy Transaction	8,514	2.1320 GBP
Common	Buy Transaction	25,732	2.1330 GBP
Common	Buy Transaction	6,763	2.1340 GBP
Common	Buy Transaction	1,564	2.1345 GBP
Common	Buy Transaction	52,634	2.1350 GBP
Common	Buy Transaction	2,182	2.1360 GBP
Common	Buy Transaction	3,656	2.1370 GBP
Common	Buy Transaction	2,121	2.1380 GBP
Common	Buy Transaction	6,046	2.1390 GBP
Common	Buy Transaction	1,900	2.1400 GBP
Common	Buy Transaction	5,463	2.1410 GBP
Common	Buy Transaction	16,726	2.1420 GBP
Common	Buy Transaction	725	2.1430 GBP
Common	Buy Transaction	1,251	2.1435 GBP
Common	Buy Transaction	6,524	2.1440 GBP
Common	Buy Transaction	9,707	2.1450 GBP
Common	Buy Transaction	2,612	2.1460 GBP
Common	Buy Transaction	5,378	2.1470 GBP
Common	Buy Transaction	6,739	2.1480 GBP
Common	Buy Transaction	8,657	2.1490 GBP
Common	Buy Transaction	34,205	2.1500 GBP
Common	Buy Transaction	13,075	2.1510 GBP
Common	Buy Transaction	2,218	2.1520 GBP
Common	Buy Transaction	3,528	2.1530 GBP
Common	Buy Transaction	5,641	2.1540 GBP
Common	Buy Transaction	1,032	2.1550 GBP
Common	Buy Transaction	19	2.1560 GBP
Common	Buy Transaction	4,620	2.1570 GBP
Common	Buy Transaction	3,001	2.1580 GBP
Common	Buy Transaction	50,230	2.1590 GBP
Common	Buy Transaction	7,588	2.1600 GBP
Common	Buy Transaction	765	2.1605 GBP
Common	Buy Transaction	784	2.1610 GBP
Common	Buy Transaction	1,807	2.1620 GBP
Common	Buy Transaction	400	2.1630 GBP
Common	Sell Transaction	3,284	2.0480 GBP
Common	Sell Transaction	1,123	2.0490 GBP
Common	Sell Transaction	21	2.0495 GBP
Common	Sell Transaction	5,188	2.0500 GBP
Common	Sell Transaction	2,000	2.0520 GBP
Common	Sell Transaction	2,000	2.0530 GBP
Common	Sell Transaction	28,871	2.0540 GBP
Common	Sell Transaction	16,136	2.0550 GBP
Common	Sell Transaction	6,666	2.0560 GBP
Common	Sell Transaction	237	2.0570 GBP
Common	Sell Transaction	117	2.0590 GBP
Common	Sell Transaction	3,846	2.0600 GBP
Common	Sell Transaction	4,040	2.0610 GBP
Common	Sell Transaction	5,743	2.0620 GBP
Common	Sell Transaction	112	2.0640 GBP
Common	Sell Transaction	6,125	2.0650 GBP
Common	Sell Transaction	10,585	2.0660 GBP
Common	Sell Transaction	1,891	2.0670 GBP
Common	Sell Transaction	5,926	2.0680 GBP
Common	Sell Transaction	2,697	2.0690 GBP
Common	Sell Transaction	8,298	2.0700 GBP
Common	Sell Transaction	6,133	2.0710 GBP
Common	Sell Transaction	4,128	2.0720 GBP
Common	Sell Transaction	1,396	2.0730 GBP
Common	Sell Transaction	7,634	2.0740 GBP
Common	Sell Transaction	5,136	2.0750 GBP
Common	Sell Transaction	6,184	2.0760 GBP
Common	Sell Transaction	2,532	2.0770 GBP
Common	Sell Transaction	7,133	2.0780 GBP
Common	Sell Transaction	5,228	2.0790 GBP
Common	Sell Transaction	320	2.0800 GBP
Common	Sell Transaction	5,501	2.0810 GBP
Common	Sell Transaction	15	2.0830 GBP
Common	Sell Transaction	3,065	2.0860 GBP
Common	Sell Transaction	52	2.0870 GBP
Common	Sell Transaction	3,713	2.0880 GBP
Common	Sell Transaction	4,578	2.0890 GBP
Common	Sell Transaction	3,810	2.0940 GBP
Common	Sell Transaction	16	2.0950 GBP
Common	Sell Transaction	15	2.0970 GBP
Common	Sell Transaction	2,753	2.0980 GBP
Common	Sell Transaction	3	2.0990 GBP
Common	Sell Transaction	2,486	2.1000 GBP
Common	Sell Transaction	4,998	2.1010 GBP
Common	Sell Transaction	1,233	2.1020 GBP
Common	Sell Transaction	773	2.1030 GBP
Common	Sell Transaction	2,669	2.1040 GBP
Common	Sell Transaction	7,847	2.1050 GBP
Common	Sell Transaction	1,515	2.1060 GBP
Common	Sell Transaction	1,919	2.1070 GBP
Common	Sell Transaction	422	2.1080 GBP
Common	Sell Transaction	26	2.1090 GBP
Common	Sell Transaction	2,304	2.1100 GBP
Common	Sell Transaction	1,544	2.1110 GBP
Common	Sell Transaction	339	2.1130 GBP
Common	Sell Transaction	1,398	2.1140 GBP
Common	Sell Transaction	1,900	2.1150 GBP
Common	Sell Transaction	3,800	2.1160 GBP
Common	Sell Transaction	1,900	2.1170 GBP
Common	Sell Transaction	2,686	2.1180 GBP
Common	Sell Transaction	4,372	2.1190 GBP
Common	Sell Transaction	4,033	2.1200 GBP
Common	Sell Transaction	19,273	2.1210 GBP
Common	Sell Transaction	11,529	2.1220 GBP
Common	Sell Transaction	14,894	2.1230 GBP
Common	Sell Transaction	4,918	2.1240 GBP
Common	Sell Transaction	11,056	2.1250 GBP
Common	Sell Transaction	3,417	2.1260 GBP
Common	Sell Transaction	4,788	2.1270 GBP
Common	Sell Transaction	1,322	2.1280 GBP
Common	Sell Transaction	11,473	2.1290 GBP
Common	Sell Transaction	5,321	2.1300 GBP
Common	Sell Transaction	6,251	2.1310 GBP
Common	Sell Transaction	3,953	2.1320 GBP
Common	Sell Transaction	2,077	2.1330 GBP
Common	Sell Transaction	3,136	2.1340 GBP
Common	Sell Transaction	6,790	2.1350 GBP
Common	Sell Transaction	7,045	2.1360 GBP
Common	Sell Transaction	4,197	2.1370 GBP
Common	Sell Transaction	14,644	2.1380 GBP
Common	Sell Transaction	196	2.1390 GBP
Common	Sell Transaction	3,755	2.1400 GBP
Common	Sell Transaction	820	2.1410 GBP
Common	Sell Transaction	1,903	2.1420 GBP
Common	Sell Transaction	1,625	2.1430 GBP
Common	Sell Transaction	2,684	2.1440 GBP
Common	Sell Transaction	5,514	2.1450 GBP
Common	Sell Transaction	1,526	2.1460 GBP
Common	Sell Transaction	7,507	2.1470 GBP
Common	Sell Transaction	20,418	2.1480 GBP
Common	Sell Transaction	12,697	2.1490 GBP
Common	Sell Transaction	80	2.1495 GBP
Common	Sell Transaction	24,559	2.1500 GBP
Common	Sell Transaction	751	2.1510 GBP
Common	Sell Transaction	7,239	2.1520 GBP
Common	Sell Transaction	4,945	2.1530 GBP
Common	Sell Transaction	16,662	2.1540 GBP
Common	Sell Transaction	13,302	2.1550 GBP
Common	Sell Transaction	4,659	2.1560 GBP
Common	Sell Transaction	4,332	2.1570 GBP
Common	Sell Transaction	3,138	2.1580 GBP
Common	Sell Transaction	1,629	2.1600 GBP
Common	Sell Transaction	2,162	2.1610 GBP
Common	Sell Transaction	95	2.1620 GBP
Common	Sell Transaction	1,507	2.1630 GBP
Common	Sell Transaction	286	2.1640 GBP
Common	Sell Transaction	13	2.1650 GBP
Common	Sell Transaction	76	2.1660 GBP
Common	Sell Transaction	61	10.5500 USD

(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	56,342	2.0675 GBP
Common	CFD	Reducing long position	232,937	2.0690 GBP
Common	CFD	Reducing long position	1,549	2.0695 GBP
Common	CFD	Reducing long position	2,953	2.0731 GBP
Common	CFD	Reducing long position	14,617	2.0739 GBP
Common	CFD	Reducing long position	87,417	2.0739 GBP
Common	CFD	Reducing long position	8,860	2.0739 GBP
Common	CFD	Increasing long position	14,770	2.0776 GBP
Common	CFD	Increasing long position	25,014	2.0781 GBP
Common	CFD	Increasing long position	36,287	2.0796 GBP
Common	CFD	Reducing long position	1,961	2.0812 GBP
Common	CFD	Reducing long position	3,271	2.0812 GBP
Common	CFD	Reducing long position	13,012	2.0812 GBP
Common	CFD	Reducing long position	48,849	2.0829 GBP
Common	CFD	Reducing long position	81,377	2.0829 GBP
Common	CFD	Reducing long position	291,542	2.0829 GBP
Common	CFD	Increasing long position	318,499	2.0830 GBP
Common	CFD	Reducing long position	21,919	2.0830 GBP
Common	CFD	Increasing long position	130,085	2.1002 GBP
Common	CFD	Increasing long position	4,644	2.1145 GBP
Common	CFD	Increasing long position	366,016	2.1264 GBP
Common	CFD	Increasing long position	14,061	2.1286 GBP
Common	CFD	Increasing long position	37,682	2.1325 GBP
Common	CFD	Increasing long position	251,783	2.1382 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:	18 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