Form 8.3 - Direct Line Insurance Group PLC

Citadel Group
22 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

21 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:

299,534

0.02

42,974

0.00

(2) Cash-settled derivatives:

 

23,425,621

1.78

0

0.00

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

0

0.00

0

0.00

 

     TOTAL:

23,725,155

1.80

42,974

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

1,842

2.0530 GBP

Common

Buy Transaction

357

2.0790 GBP

Common

Buy Transaction

745

2.0910 GBP

Common

Buy Transaction

1,303

2.0990 GBP

Common

Buy Transaction

1,420

2.1060 GBP

Common

Buy Transaction

268

2.1080 GBP

Common

Buy Transaction

1,286

2.1090 GBP

Common

Buy Transaction

957

2.1120 GBP

Common

Buy Transaction

4,264

2.1150 GBP

Common

Buy Transaction

1,093

2.1165 GBP

Common

Buy Transaction

471

2.1170 GBP

Common

Buy Transaction

3,733

2.1180 GBP

Common

Buy Transaction

3,025

2.1190 GBP

Common

Buy Transaction

13,582

2.1200 GBP

Common

Buy Transaction

3,776

2.1210 GBP

Common

Buy Transaction

3,006

2.1220 GBP

Common

Buy Transaction

2,716

2.1230 GBP

Common

Buy Transaction

33,218

2.1240 GBP

Common

Buy Transaction

3,952

2.1250 GBP

Common

Buy Transaction

5,601

2.1260 GBP

Common

Buy Transaction

2,965

2.1270 GBP

Common

Buy Transaction

1,027

2.1280 GBP

Common

Buy Transaction

2,062

2.1290 GBP

Common

Buy Transaction

8,656

2.1300 GBP

Common

Buy Transaction

398

2.1340 GBP

Common

Buy Transaction

441

2.1350 GBP

Common

Buy Transaction

3,123

2.1390 GBP

Common

Buy Transaction

400

2.1395 GBP

Common

Buy Transaction

67,931

2.1400 GBP

Common

Buy Transaction

4,770

2.1420 GBP

Common

Buy Transaction

305

2.1430 GBP

Common

Buy Transaction

1,773

2.1440 GBP

Common

Buy Transaction

1,115

2.1450 GBP

Common

Buy Transaction

1,721

2.1460 GBP

Common

Buy Transaction

1,066

2.1480 GBP

Common

Buy Transaction

4,389

2.1500 GBP

Common

Buy Transaction

1,125

2.1510 GBP

Common

Buy Transaction

2,765

2.1520 GBP

Common

Buy Transaction

3,159

2.1560 GBP

Common

Buy Transaction

858

2.1570 GBP

Common

Buy Transaction

3,112

2.1590 GBP

Common

Buy Transaction

24,623

2.1600 GBP

Common

Buy Transaction

345

2.1710 GBP

Common

Buy Transaction

2,032

2.2060 GBP

Common

Sell Transaction

1,300

2.0430 GBP

Common

Sell Transaction

15,222

2.0500 GBP

Common

Sell Transaction

6,020

2.0630 GBP

Common

Sell Transaction

11,404

2.0750 GBP

Common

Sell Transaction

26

2.0790 GBP

Common

Sell Transaction

183

2.0830 GBP

Common

Sell Transaction

2,181

2.0840 GBP

Common

Sell Transaction

1,900

2.0850 GBP

Common

Sell Transaction

1,303

2.0990 GBP

Common

Sell Transaction

639

2.1000 GBP

Common

Sell Transaction

10

2.1010 GBP

Common

Sell Transaction

1,821

2.1050 GBP

Common

Sell Transaction

3,565

2.1060 GBP

Common

Sell Transaction

3,152

2.1070 GBP

Common

Sell Transaction

1,436

2.1100 GBP

Common

Sell Transaction

729

2.1120 GBP

Common

Sell Transaction

10

2.1130 GBP

Common

Sell Transaction

2,147

2.1140 GBP

Common

Sell Transaction

1,739

2.1150 GBP

Common

Sell Transaction

2,100

2.1160 GBP

Common

Sell Transaction

9,742

2.1180 GBP

Common

Sell Transaction

1,857

2.1190 GBP

Common

Sell Transaction

11,938

2.1200 GBP

Common

Sell Transaction

4,442

2.1210 GBP

Common

Sell Transaction

4,303

2.1220 GBP

Common

Sell Transaction

7,268

2.1230 GBP

Common

Sell Transaction

6,080

2.1235 GBP

Common

Sell Transaction

641

2.1240 GBP

Common

Sell Transaction

6,450

2.1250 GBP

Common

Sell Transaction

755

2.1260 GBP

Common

Sell Transaction

1,901

2.1280 GBP

Common

Sell Transaction

828

2.1290 GBP

Common

Sell Transaction

20,791

2.1300 GBP

Common

Sell Transaction

3,755

2.1310 GBP

Common

Sell Transaction

4,185

2.1320 GBP

Common

Sell Transaction

1,085

2.1340 GBP

Common

Sell Transaction

1,191

2.1350 GBP

Common

Sell Transaction

785

2.1360 GBP

Common

Sell Transaction

8,133

2.1370 GBP

Common

Sell Transaction

1,796

2.1390 GBP

Common

Sell Transaction

23,640

2.1400 GBP

Common

Sell Transaction

2,156

2.1410 GBP

Common

Sell Transaction

3,192

2.1450 GBP

Common

Sell Transaction

430

2.1470 GBP

Common

Sell Transaction

2,476

2.1480 GBP

Common

Sell Transaction

5,945

2.1500 GBP

Common

Sell Transaction

7,000

2.1510 GBP

Common

Sell Transaction

2,194

2.1520 GBP

Common

Sell Transaction

1,200

2.1560 GBP

Common

Sell Transaction

394

2.1680 GBP

Common

Sell Transaction

1,952

2.1700 GBP

Common

Sell Transaction

952

2.1710 GBP

Common

Sell Transaction

887

2.1800 GBP

Common

Sell Transaction

2,038

2.1820 GBP

Common

Sell Transaction

1,310

2.1840 GBP

Common

Sell Transaction

151

2.1940 GBP

Common

Sell Transaction

2,669

2.2000 GBP

Common

Sell Transaction

1,191

2.2060 GBP

Common

Sell Transaction

29

10.8500 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

15,222

2.0500 GBP

Common

CFD

Increasing long position

170,979

2.0585 GBP

Common

CFD

Increasing long position

46,458

2.0628 GBP

Common

CFD

Increasing long position

27,874

2.0628 GBP

Common

CFD

Increasing long position

331

2.0820 GBP

Common

CFD

Increasing long position

14,863

2.1117 GBP

Common

CFD

Increasing long position

124,112

2.1170 GBP

Common

CFD

Reducing long position

139,176

2.1170 GBP

Common

CFD

Increasing long position

414,286

2.1187 GBP

Common

CFD

Increasing long position

113,907

2.1187 GBP

Common

CFD

Increasing long position

28,972

2.1210 GBP

Common

CFD

Reducing long position

37

2.1220 GBP

Common

CFD

Increasing long position

785

2.1260 GBP

Common

CFD

Increasing long position

1,308

2.1260 GBP

Common

CFD

Increasing long position

2,038

2.1260 GBP

Common

CFD

Increasing long position

3,189

2.1260 GBP

Common

CFD

Reducing long position

33,045

2.1269 GBP

Common

CFD

Increasing long position

10,083

2.1308 GBP

Common

CFD

Increasing long position

6,046

2.1308 GBP

Common

CFD

Increasing long position

59,173

2.1328 GBP

Common

CFD

Reducing long position

19,639

2.1337 GBP

Common

CFD

Increasing long position

4,015

2.1376 GBP

Common

CFD

Reducing long position

2,152

2.1493 GBP

Common

CFD

Increasing long position

24,611

2.1599 GBP

Common

CFD

Increasing long position

665

2.1600 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:

22 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 +44 (0)20 7638 0129.

 

*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.

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UK 100

Latest directors dealings