Form 8.3 - Direct Line Insurance Group PLC

Citadel Group

08 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	7 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:	42,533	0.00	190,143	0.01
(2) Cash-settled derivatives:	23,912,631	1.82	103,069	0.00
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0.00	0	0.00
TOTAL:	23,955,164	1.82	293,212	0.02

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	6,585	2.1590 GBP
Common	Buy Transaction	4,417	2.1600 GBP
Common	Buy Transaction	235	2.1610 GBP
Common	Buy Transaction	2,486	2.1640 GBP
Common	Buy Transaction	1,519	2.1650 GBP
Common	Buy Transaction	35,676	2.1660 GBP
Common	Buy Transaction	2,262	2.1670 GBP
Common	Buy Transaction	27,136	2.1680 GBP
Common	Buy Transaction	5,305	2.1690 GBP
Common	Buy Transaction	41,632	2.1700 GBP
Common	Buy Transaction	4,007	2.1710 GBP
Common	Buy Transaction	4,361	2.1720 GBP
Common	Buy Transaction	1,839	2.1730 GBP
Common	Buy Transaction	2,543	2.1740 GBP
Common	Buy Transaction	3,600	2.1970 GBP
Common	Buy Transaction	2,518	2.1980 GBP
Common	Buy Transaction	3,000	2.1990 GBP
Common	Buy Transaction	9,146	2.2000 GBP
Common	Buy Transaction	6,100	2.2010 GBP
Common	Buy Transaction	1,078	2.2015 GBP
Common	Buy Transaction	252	2.2020 GBP
Common	Buy Transaction	500	2.2030 GBP
Common	Buy Transaction	4,676	2.2040 GBP
Common	Buy Transaction	4,026	2.2050 GBP
Common	Buy Transaction	3,480	2.2070 GBP
Common	Buy Transaction	7,484	2.2080 GBP
Common	Buy Transaction	7,257	2.2090 GBP
Common	Buy Transaction	25,605	2.2100 GBP
Common	Buy Transaction	53,649	2.2110 GBP
Common	Buy Transaction	8,643	2.2120 GBP
Common	Buy Transaction	10,592	2.2130 GBP
Common	Buy Transaction	1,624	2.2140 GBP
Common	Buy Transaction	18,988	2.2150 GBP
Common	Buy Transaction	882	2.2155 GBP
Common	Buy Transaction	15,418	2.2160 GBP
Common	Buy Transaction	10,668	2.2170 GBP
Common	Buy Transaction	2,312	2.2175 GBP
Common	Buy Transaction	3,359	2.2180 GBP
Common	Buy Transaction	1,968	2.2190 GBP
Common	Buy Transaction	8,707	2.2200 GBP
Common	Buy Transaction	32,100	2.2210 GBP
Common	Buy Transaction	2,115	2.2215 GBP
Common	Buy Transaction	2,080	2.2220 GBP
Common	Buy Transaction	1,409	2.2230 GBP
Common	Buy Transaction	5,041	2.2240 GBP
Common	Buy Transaction	915	2.2270 GBP
Common	Buy Transaction	510	2.2280 GBP
Common	Buy Transaction	870	2.2290 GBP
Common	Buy Transaction	1,500	2.2330 GBP
Common	Buy Transaction	1,400	2.2340 GBP
Common	Buy Transaction	1,600	2.2370 GBP
Common	Buy Transaction	1,600	2.2380 GBP
Common	Buy Transaction	1,600	2.2460 GBP
Common	Sell Transaction	6,592	2.1540 GBP
Common	Sell Transaction	1,902	2.1550 GBP
Common	Sell Transaction	10,947	2.1560 GBP
Common	Sell Transaction	4,481	2.1570 GBP
Common	Sell Transaction	7,411	2.1580 GBP
Common	Sell Transaction	2,483	2.1590 GBP
Common	Sell Transaction	7,051	2.1600 GBP
Common	Sell Transaction	365	2.1610 GBP
Common	Sell Transaction	1,700	2.1620 GBP
Common	Sell Transaction	8,046	2.1640 GBP
Common	Sell Transaction	9,671	2.1650 GBP
Common	Sell Transaction	2,713	2.1660 GBP
Common	Sell Transaction	9,733	2.1670 GBP
Common	Sell Transaction	247	2.1680 GBP
Common	Sell Transaction	13,263	2.1690 GBP
Common	Sell Transaction	4,575	2.1700 GBP
Common	Sell Transaction	9	2.1710 GBP
Common	Sell Transaction	4,248	2.1720 GBP
Common	Sell Transaction	1,761	2.1740 GBP
Common	Sell Transaction	891	2.1750 GBP
Common	Sell Transaction	4,650	2.1760 GBP
Common	Sell Transaction	3,368	2.1780 GBP
Common	Sell Transaction	187	2.1790 GBP
Common	Sell Transaction	1,800	2.1810 GBP
Common	Sell Transaction	1,600	2.1830 GBP
Common	Sell Transaction	1,600	2.1930 GBP
Common	Sell Transaction	1,600	2.1970 GBP
Common	Sell Transaction	2,394	2.1980 GBP
Common	Sell Transaction	389	2.1990 GBP
Common	Sell Transaction	25,559	2.2000 GBP
Common	Sell Transaction	3,967	2.2010 GBP
Common	Sell Transaction	23,381	2.2020 GBP
Common	Sell Transaction	6,560	2.2030 GBP
Common	Sell Transaction	4,333	2.2040 GBP
Common	Sell Transaction	3,912	2.2050 GBP
Common	Sell Transaction	5,724	2.2060 GBP
Common	Sell Transaction	11,967	2.2070 GBP
Common	Sell Transaction	7,256	2.2080 GBP
Common	Sell Transaction	321	2.2085 GBP
Common	Sell Transaction	5,233	2.2090 GBP
Common	Sell Transaction	228	2.2095 GBP
Common	Sell Transaction	116,640	2.2100 GBP
Common	Sell Transaction	523	2.2105 GBP
Common	Sell Transaction	4,809	2.2110 GBP
Common	Sell Transaction	10,666	2.2120 GBP
Common	Sell Transaction	5,894	2.2130 GBP
Common	Sell Transaction	15,602	2.2140 GBP
Common	Sell Transaction	2,688	2.2150 GBP
Common	Sell Transaction	300	2.2155 GBP
Common	Sell Transaction	16,454	2.2160 GBP
Common	Sell Transaction	6,254	2.2170 GBP
Common	Sell Transaction	5,301	2.2180 GBP
Common	Sell Transaction	6,132	2.2190 GBP
Common	Sell Transaction	58,964	2.2200 GBP
Common	Sell Transaction	1,810	2.2210 GBP
Common	Sell Transaction	155	2.2220 GBP
Common	Sell Transaction	16,288	2.2230 GBP
Common	Sell Transaction	1,600	2.2250 GBP
Common	Sell Transaction	1,741	2.2260 GBP
Common	Sell Transaction	5,353	2.2270 GBP
Common	Sell Transaction	1,006	2.2280 GBP
Common	Sell Transaction	5,703	2.2300 GBP
Common	Sell Transaction	822	2.2310 GBP
Common	Sell Transaction	1,892	2.2320 GBP
Common	Sell Transaction	1,497	2.2330 GBP
Common	Sell Transaction	1,492	2.2350 GBP
Common	Sell Transaction	2,932	2.2380 GBP
Common	Sell Transaction	550	2.2390 GBP
Common	Sell Transaction	3,470	2.2410 GBP
Common	Sell Transaction	1,400	2.2440 GBP
Common	Sell Transaction	1,400	2.2450 GBP
Common	Sell Transaction	2,563	2.2460 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
Common	CFD	Reducing long position	58,733	2.1639 GBP
Common	CFD	Reducing long position	639	2.1662 GBP
Common	CFD	Reducing long position	48,984	2.1673 GBP
Common	CFD	Reducing long position	253	2.1688 GBP
Common	CFD	Reducing long position	421	2.1688 GBP
Common	CFD	Reducing long position	1,255	2.1689 GBP
Common	CFD	Increasing long position	8,496	2.1700 GBP
Common	CFD	Increasing long position	27,638	2.1712 GBP
Common	CFD	Reducing long position	72,456	2.1739 GBP
Common	CFD	Reducing long position	13,278	2.1837 GBP
Common	CFD	Reducing long position	19,574	2.1882 GBP
Common	CFD	Reducing long position	36,997	2.1909 GBP
Common	CFD	Reducing long position	469	2.1980 GBP
Common	CFD	Increasing long position	9	2.1990 GBP
Common	CFD	Reducing long position	12,213	2.2045 GBP
Common	CFD	Reducing long position	170,582	2.2050 GBP
Common	CFD	Reducing long position	125,061	2.2052 GBP
Common	CFD	Increasing long position	68,303	2.2062 GBP
Common	CFD	Increasing long position	73,987	2.2071 GBP
Common	CFD	Increasing long position	7,318	2.2089 GBP
Common	CFD	Increasing long position	2,914	2.2094 GBP
Common	CFD	Increasing long position	2,031	2.2095 GBP
Common	CFD	Increasing long position	36,073	2.2126 GBP
Common	CFD	Increasing long position	4,068	2.2132 GBP
Common	CFD	Increasing long position	5,971	2.2150 GBP
Common	CFD	Increasing long position	8,200	2.2152 GBP
Common	CFD	Increasing long position	42,353	2.2152 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:	8 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