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 [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