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

GoldmanSachs International

19 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:	18 March 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	284,757	2.1120 GBP	2.0730 GBP
Ordinary 10 10/11p	Sales	620,266	2.1130 GBP	2.0898 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	Opening a long position	169,947	2.0898 GBP
Ordinary 10 10/11p	CFD	Reducing a short position	1,023	2.0898 GBP
Ordinary 10 10/11p	CFD	Opening a long position	3,145	2.0898 GBP
Ordinary 10 10/11p	CFD	Reducing a long position	2,220	2.0902 GBP
Ordinary 10 10/11p	CFD	Opening a short position	19	2.0902 GBP
Ordinary 10 10/11p	CFD	Reducing a short position	91,010	2.0906 GBP
Ordinary 10 10/11p	CFD	Reducing a short position	12,306	2.0968 GBP
Ordinary 10 10/11p	CFD	Increasing a short position	1,889	2.0977 GBP
Ordinary 10 10/11p	CFD	Reducing a short position	1,275	2.0983 GBP
Ordinary 10 10/11p	CFD	Reducing a short position	126,225	2.0983 GBP
Ordinary 10 10/11p	CFD	Reducing a short position	12,378	2.1012 GBP
Ordinary 10 10/11p	CFD	Increasing a short position	10,794	2.1021 GBP
Ordinary 10 10/11p	CFD	Opening a short position	7,425	2.1057 GBP
Ordinary 10 10/11p	CFD	Opening a short position	75	2.1058 GBP
Ordinary 10 10/11p	CFD	Reducing a short position	3	2.1058 GBP
Ordinary 10 10/11p	CFD	Reducing a short position	1	2.1058 GBP
Ordinary 10 10/11p	CFD	Reducing a short position	1	2.1058 GBP
Ordinary 10 10/11p	CFD	Reducing a short position	4	2.1058 GBP
Ordinary 10 10/11p	CFD	Reducing a long position	2,819	2.1082 GBP
Ordinary 10 10/11p	CFD	Reducing a long position	267	2.1092 GBP
Ordinary 10 10/11p	CFD	Reducing a short position	20,000	2.1094 GBP
Ordinary 10 10/11p	CFD	Reducing a short position	30,286	2.1105 GBP
Ordinary 10 10/11p	CFD	Reducing a short position	168	2.1108 GBP
Ordinary 10 10/11p	CFD	Reducing a short position	304	2.1108 GBP
Ordinary 10 10/11p	CFD	Reducing a short position	359	2.1108 GBP
Ordinary 10 10/11p	CFD	Reducing a short position	98	2.1110 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:	19 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