Form 8.5 (EPT/RI) - DIRECT LINE INSURANCE GROUP PL

GoldmanSachs International

01 March 2024

 

FORM 8.5 (EPT/RI)

PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY

Rule 8.5 of the Takeover Code (the "Code")

1.         KEY INFORMATION

(a) Name of exempt principal trader:	(GS) GOLDMAN SACHS INTERNATIONAL
(b) 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
(c) Name of the party to the offer with which exempt principal trader is connected:	DIRECT LINE INSURANCE GROUP PLC
(d) Date dealing undertaken:	29 February 2024
(e) In addition to the company in 1(b) above, is the exempt principal trader 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 - disclosed previously for AGEAS SA/NV

2.         DEALINGS BY THE EXEMPT PRINCIPAL TRADER

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(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	Purchases/ sales	Total number of securities	Highest price per unit paid/received	Lowest price per unit paid/received
Ordinary 10 10/11p	Purchases	6,172,747	2.0807 GBP	1.8416 GBP
Ordinary 10 10/11p	Sales	1,371,706	2.0560 GBP	1.9990 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
Ordinary 10 10/11p	CFD	Reducing a long position	6,703	1.8416 GBP
Ordinary 10 10/11p	CFD	Reducing a long position	110,247	1.8789 GBP
Ordinary 10 10/11p	CFD	Reducing a long position	138	1.9622 GBP
Ordinary 10 10/11p	CFD	Reducing a long position	96	1.9912 GBP
Ordinary 10 10/11p	CFD	Reducing a short position	19,339	2.0153 GBP
Ordinary 10 10/11p	CFD	Reducing a short position	5,222	2.0158 GBP
Ordinary 10 10/11p	CFD	Opening a short position	1,284,275	2.0178 GBP
Ordinary 10 10/11p	CFD	Opening a short position	70,572	2.0178 GBP
Ordinary 10 10/11p	CFD	Opening a short position	1,136,801	2.0178 GBP
Ordinary 10 10/11p	CFD	Opening a short position	508,352	2.0178 GBP
Ordinary 10 10/11p	CFD	Reducing a short position	114,390	2.0194 GBP
Ordinary 10 10/11p	CFD	Reducing a short position	6,311	2.0194 GBP
Ordinary 10 10/11p	CFD	Reducing a long position	38,010	2.0195 GBP
Ordinary 10 10/11p	CFD	Reducing a short position	1,037	2.0198 GBP
Ordinary 10 10/11p	CFD	Reducing a short position	3,527	2.0198 GBP
Ordinary 10 10/11p	CFD	Opening a short position	8,681	2.0202 GBP
Ordinary 10 10/11p	CFD	Reducing a long position	90,163	2.0202 GBP
Ordinary 10 10/11p	CFD	Increasing a short position	90,163	2.0202 GBP
Ordinary 10 10/11p	CFD	Increasing a short position	108	2.0206 GBP
Ordinary 10 10/11p	CFD	Increasing a short position	2,708	2.0206 GBP
Ordinary 10 10/11p	CFD	Increasing a short position	947	2.0206 GBP
Ordinary 10 10/11p	CFD	Increasing a short position	2,548	2.0206 GBP
Ordinary 10 10/11p	CFD	Reducing a short position	241,967	2.0215 GBP
Ordinary 10 10/11p	CFD	Reducing a long position	63	2.0223 GBP
Ordinary 10 10/11p	CFD	Reducing a long position	29,374	2.0227 GBP
Ordinary 10 10/11p	CFD	Reducing a short position	58,293	2.0234 GBP
Ordinary 10 10/11p	CFD	Reducing a short position	89,980	2.0250 GBP
Ordinary 10 10/11p	CFD	Reducing a long position	18,005	2.0268 GBP
Ordinary 10 10/11p	CFD	Increasing a short position	390,848	2.0333 GBP
Ordinary 10 10/11p	CFD	Reducing a short position	3,086	2.0390 GBP
Ordinary 10 10/11p	CFD	Increasing a short position	261,789	2.0413 GBP
Ordinary 10 10/11p	CFD	Opening a short position	800,348	2.0424 GBP
Ordinary 10 10/11p	CFD	Increasing a short position	77,422	2.0428 GBP
Ordinary 10 10/11p	CFD	Reducing a long position	48,405	2.0436 GBP
Ordinary 10 10/11p	CFD	Increasing a short position	77,158	2.0456 GBP
Ordinary 10 10/11p	CFD	Increasing a short position	72,403	2.0456 GBP
Ordinary 10 10/11p	CFD	Increasing a short position	14,303	2.0456 GBP
Ordinary 10 10/11p	CFD	Increasing a short position	6,078	2.0456 GBP
Ordinary 10 10/11p	CFD	Increasing a short position	40,058	2.0456 GBP
Ordinary 10 10/11p	CFD	Increasing a short position	125,759	2.0472 GBP
Ordinary 10 10/11p	CFD	Reducing a long position	30,507	2.0807 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)

3.         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 exempt principal trader 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 exempt principal trader 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

Date of disclosure:	01 March 2024
Contact name:	Papa Lette and Andrzej Szyszka
Telephone number:	[phone] / [phone]

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].

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

 

END