Form 8.3 - Direct Line Insurance Group PLC

Citadel Group

20 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	19 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:	424,229	0.03	67,304	0.00
(2) Cash-settled derivatives:	22,510,775	1.71	20,167	0.00
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0.00	0	0.00
TOTAL:	22,935,004	1.74	87,471	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	3,756	2.0740 GBP
Common	Buy Transaction	7,187	2.0750 GBP
Common	Buy Transaction	1,936	2.0755 GBP
Common	Buy Transaction	16,362	2.0770 GBP
Common	Buy Transaction	1,023	2.0775 GBP
Common	Buy Transaction	12,935	2.0780 GBP
Common	Buy Transaction	1,958	2.0785 GBP
Common	Buy Transaction	4,592	2.0790 GBP
Common	Buy Transaction	1,102	2.0795 GBP
Common	Buy Transaction	36,506	2.0800 GBP
Common	Buy Transaction	1,020	2.0805 GBP
Common	Buy Transaction	4,203	2.0810 GBP
Common	Buy Transaction	2,729	2.0815 GBP
Common	Buy Transaction	6,512	2.0820 GBP
Common	Buy Transaction	3,431	2.0830 GBP
Common	Buy Transaction	2,500	2.0835 GBP
Common	Buy Transaction	4,209	2.0840 GBP
Common	Buy Transaction	3,384	2.0850 GBP
Common	Buy Transaction	3,765	2.0860 GBP
Common	Buy Transaction	6,641	2.0865 GBP
Common	Buy Transaction	1,176	2.0870 GBP
Common	Buy Transaction	1,984	2.0880 GBP
Common	Buy Transaction	2,089	2.0885 GBP
Common	Buy Transaction	211	2.0890 GBP
Common	Buy Transaction	4,704	2.0900 GBP
Common	Buy Transaction	10	2.0910 GBP
Common	Buy Transaction	1,906	2.0930 GBP
Common	Buy Transaction	6,451	2.0950 GBP
Common	Buy Transaction	4,876	2.0955 GBP
Common	Buy Transaction	6,444	2.0960 GBP
Common	Buy Transaction	1,394	2.0970 GBP
Common	Buy Transaction	506	2.0980 GBP
Common	Buy Transaction	1,600	2.1070 GBP
Common	Buy Transaction	1,600	2.1090 GBP
Common	Buy Transaction	1,700	2.1110 GBP
Common	Buy Transaction	1,600	2.1120 GBP
Common	Buy Transaction	1,600	2.1130 GBP
Common	Buy Transaction	2,900	2.1150 GBP
Common	Sell Transaction	709	2.0720 GBP
Common	Sell Transaction	1,900	2.0730 GBP
Common	Sell Transaction	3,123	2.0740 GBP
Common	Sell Transaction	5,054	2.0750 GBP
Common	Sell Transaction	19,167	2.0770 GBP
Common	Sell Transaction	27,269	2.0780 GBP
Common	Sell Transaction	324	2.0785 GBP
Common	Sell Transaction	26,963	2.0790 GBP
Common	Sell Transaction	37,389	2.0800 GBP
Common	Sell Transaction	6,952	2.0810 GBP
Common	Sell Transaction	5,875	2.0820 GBP
Common	Sell Transaction	2,269	2.0830 GBP
Common	Sell Transaction	1,632	2.0840 GBP
Common	Sell Transaction	2,326	2.0850 GBP
Common	Sell Transaction	6,479	2.0860 GBP
Common	Sell Transaction	4,440	2.0870 GBP
Common	Sell Transaction	1,900	2.0880 GBP
Common	Sell Transaction	1,923	2.0890 GBP
Common	Sell Transaction	3,809	2.0900 GBP
Common	Sell Transaction	3,557	2.0910 GBP
Common	Sell Transaction	5,791	2.0930 GBP
Common	Sell Transaction	3,311	2.0940 GBP
Common	Sell Transaction	330	2.0945 GBP
Common	Sell Transaction	1,588	2.0950 GBP
Common	Sell Transaction	3,080	2.0960 GBP
Common	Sell Transaction	3,000	2.0990 GBP
Common	Sell Transaction	1,587	2.1080 GBP
Common	Sell Transaction	12,029	2.1100 GBP
Common	Sell Transaction	335	2.1105 GBP
Common	Sell Transaction	4,338	2.1120 GBP
Common	Sell Transaction	16,905	2.1130 GBP
Common	Sell Transaction	1,900	2.1140 GBP
Common	Sell Transaction	1,274	2.1150 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	4,373	2.0757 GBP
Common	CFD	Increasing long position	6,722	2.0819 GBP
Common	CFD	Reducing long position	1,982	2.0821 GBP
Common	CFD	Increasing long position	20,835	2.0835 GBP
Common	CFD	Increasing long position	14,012	2.0837 GBP
Common	CFD	Reducing long position	340,353	2.0920 GBP
Common	CFD	Reducing long position	730,018	2.0920 GBP
Common	CFD	Reducing long position	617,707	2.0920 GBP
Common	CFD	Reducing long position	204,245	2.0920 GBP
Common	CFD	Reducing long position	144	2.0972 GBP
Common	CFD	Reducing long position	523	2.0972 GBP
Common	CFD	Reducing long position	245	2.0973 GBP
Common	CFD	Reducing long position	442	2.0973 GBP
Common	CFD	Reducing long position	129	2.1084 GBP
Common	CFD	Increasing long position	102,754	2.1131 GBP
Common	CFD	Increasing long position	84,103	2.1170 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:	20 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