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

GoldmanSachs International

25 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:	22 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	2,207,779	2.1380 GBP	2.0900 GBP
Ordinary 10 10/11p	Sales	1,017,615	2.1370 GBP	2.0896 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 short position	1,836	2.0896 GBP
Ordinary 10 10/11p	CFD	Reducing a short position	3,785	2.0896 GBP
Ordinary 10 10/11p	CFD	Reducing a short position	19	2.0898 GBP
Ordinary 10 10/11p	CFD	Reducing a long position	3,857	2.0902 GBP
Ordinary 10 10/11p	CFD	Reducing a short position	27,150	2.0983 GBP
Ordinary 10 10/11p	CFD	Reducing a short position	8,542	2.0998 GBP
Ordinary 10 10/11p	CFD	Reducing a short position	19,596	2.0998 GBP
Ordinary 10 10/11p	CFD	Reducing a short position	1	2.1000 GBP
Ordinary 10 10/11p	CFD	Reducing a short position	8,066	2.1049 GBP
Ordinary 10 10/11p	CFD	Opening a short position	1,921	2.1054 GBP
Ordinary 10 10/11p	CFD	Opening a short position	30,986	2.1054 GBP
Ordinary 10 10/11p	CFD	Opening a short position	3,840	2.1054 GBP
Ordinary 10 10/11p	CFD	Opening a short position	2,114	2.1054 GBP
Ordinary 10 10/11p	CFD	Reducing a short position	22,303	2.1072 GBP
Ordinary 10 10/11p	CFD	Opening a short position	48,183	2.1088 GBP
Ordinary 10 10/11p	CFD	Opening a short position	479	2.1088 GBP
Ordinary 10 10/11p	CFD	Opening a short position	960	2.1088 GBP
Ordinary 10 10/11p	CFD	Opening a short position	528	2.1088 GBP
Ordinary 10 10/11p	CFD	Opening a short position	7,746	2.1088 GBP
Ordinary 10 10/11p	CFD	Reducing a short position	109,060	2.1088 GBP
Ordinary 10 10/11p	CFD	Opening a short position	754,420	2.1088 GBP
Ordinary 10 10/11p	CFD	Opening a short position	779,957	2.1088 GBP
Ordinary 10 10/11p	CFD	Opening a short position	46,884	2.1088 GBP
Ordinary 10 10/11p	CFD	Opening a short position	348,780	2.1088 GBP
Ordinary 10 10/11p	CFD	Opening a long position	1,585	2.1095 GBP
Ordinary 10 10/11p	CFD	Opening a long position	2,880	2.1095 GBP
Ordinary 10 10/11p	CFD	Opening a long position	23,239	2.1095 GBP
Ordinary 10 10/11p	CFD	Opening a long position	1,441	2.1095 GBP
Ordinary 10 10/11p	CFD	Reducing a long position	2,880	2.1145 GBP
Ordinary 10 10/11p	CFD	Opening a short position	960	2.1145 GBP
Ordinary 10 10/11p	CFD	Opening a short position	7,747	2.1145 GBP
Ordinary 10 10/11p	CFD	Reducing a long position	23,239	2.1145 GBP
Ordinary 10 10/11p	CFD	Opening a short position	480	2.1145 GBP
Ordinary 10 10/11p	CFD	Reducing a long position	1,585	2.1145 GBP
Ordinary 10 10/11p	CFD	Reducing a long position	1,441	2.1145 GBP
Ordinary 10 10/11p	CFD	Opening a short position	529	2.1145 GBP
Ordinary 10 10/11p	CFD	Reducing a short position	792	2.1238 GBP
Ordinary 10 10/11p	CFD	Reducing a short position	1,320	2.1238 GBP
Ordinary 10 10/11p	CFD	Reducing a short position	1,315	2.1238 GBP
Ordinary 10 10/11p	CFD	Reducing a short position	1,391	2.1238 GBP
Ordinary 10 10/11p	CFD	Reducing a short position	38,591	2.1238 GBP
Ordinary 10 10/11p	CFD	Reducing a short position	11,626	2.1238 GBP
Ordinary 10 10/11p	CFD	Reducing a short position	4,832	2.1238 GBP
Ordinary 10 10/11p	CFD	Reducing a short position	528	2.1238 GBP
Ordinary 10 10/11p	CFD	Reducing a short position	2,584	2.1238 GBP
Ordinary 10 10/11p	CFD	Reducing a short position	10,411	2.1285 GBP
Ordinary 10 10/11p	CFD	Reducing a short position	59,018	2.1285 GBP
Ordinary 10 10/11p	CFD	Reducing a long position	7,194	2.1286 GBP
Ordinary 10 10/11p	CFD	Reducing a short position	38,548	2.1312 GBP
Ordinary 10 10/11p	CFD	Reducing a short position	218,518	2.1312 GBP
Ordinary 10 10/11p	CFD	Reducing a short position	16,133	2.6324 USD

(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:	25 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