Form 8.3 - Direct Line Insurance Group plc

Societe Generale SA

04 December 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:	SOCIETE GENERALE SA
(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.
(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:
(e) Date position held/dealing undertaken:      For an opening position disclosure, state the latest practicable date prior to the disclosure	03/12/2024
(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: Aviva plc

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:	10 10/11p ordinary
	Interests		Short positions
	Number	%	Number	%
(1)  Relevant securities owned and/or controlled:	26,328,415	2.01	18,600	0.00
(2)  Cash-settled derivatives:	3,647	0.00	67,855	0.01
(3)  Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0.00	0	0.00
TOTAL:	26,332,062	2.01	86,455	0.01

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:
Details, including nature of the rights concerned and relevant percentages:

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 GBP
10 10/11p ordinary	Purchase	60	2.29817
10 10/11p ordinary	Purchase	2,044	2.29498
10 10/11p ordinary	Purchase	1,726	2.30073
10 10/11p ordinary	Purchase	62,674	2.30813
10 10/11p ordinary	Purchase	113	2.306
10 10/11p ordinary	Purchase	48	2.302
10 10/11p ordinary	Purchase	858	2.306
10 10/11p ordinary	Purchase	3,086	2.306
10 10/11p ordinary	Purchase	8,156	2.306
10 10/11p ordinary	Purchase	14,599	2.306
10 10/11p ordinary	Purchase	1,801	2.308
10 10/11p ordinary	Purchase	1,804	2.302
10 10/11p ordinary	Purchase	2,155	2.292
10 10/11p ordinary	Purchase	58	2.302
10 10/11p ordinary	Purchase	43	2.304
10 10/11p ordinary	Sale	151	2.29649
10 10/11p ordinary	Sale	3,679	2.29848
10 10/11p ordinary	Sale	493	2.288
10 10/11p ordinary	Sale	78	2.296
10 10/11p ordinary	Sale	220	2.308
10 10/11p ordinary	Sale	30	2.302
10 10/11p ordinary	Sale	435	2.304
10 10/11p ordinary	Sale	225	2.304
10 10/11p ordinary	Sale	85	2.304
10 10/11p ordinary	Sale	221	2.312
10 10/11p ordinary	Sale	170	2.312
10 10/11p ordinary	Sale	221	2.306
10 10/11p ordinary	Sale	75	2.304
10 10/11p ordinary	Sale	221	2.306
10 10/11p ordinary	Sale	85	2.304
10 10/11p ordinary	Sale	539	2.288
10 10/11p ordinary	Sale	122	2.304
10 10/11p ordinary	Sale	14	2.304
10 10/11p ordinary	Sale	94	2.306
10 10/11p ordinary	Sale	438	2.298
10 10/11p ordinary	Sale	403	2.308
10 10/11p ordinary	Sale	218	2.296
10 10/11p ordinary	Sale	222	2.304
10 10/11p ordinary	Sale	75	2.296
10 10/11p ordinary	Sale	220	2.32
10 10/11p ordinary	Sale	221	2.306
10 10/11p ordinary	Sale	223	2.304
10 10/11p ordinary	Sale	257	2.296
10 10/11p ordinary	Sale	435	2.306
10 10/11p ordinary	Sale	221	2.31
10 10/11p ordinary	Sale	221	2.308
10 10/11p ordinary	Sale	444	2.304
10 10/11p ordinary	Sale	443	2.286
10 10/11p ordinary	Sale	222	2.304
10 10/11p ordinary	Sale	222	2.298
10 10/11p ordinary	Sale	221	2.306
10 10/11p ordinary	Sale	127	2.304
10 10/11p ordinary	Sale	78	2.296
10 10/11p ordinary	Sale	417	2.3
10 10/11p ordinary	Sale	219	2.296
10 10/11p ordinary	Sale	435	2.31
10 10/11p ordinary	Sale	199	2.304
10 10/11p ordinary	Sale	69	2.306
10 10/11p ordinary	Sale	111	2.3
10 10/11p ordinary	Sale	242	2.318
10 10/11p ordinary	Sale	859	2.3
10 10/11p ordinary	Sale	220	2.32
10 10/11p ordinary	Sale	78	2.296
10 10/11p ordinary	Sale	78	2.296
10 10/11p ordinary	Sale	608	2.304
10 10/11p ordinary	Sale	219	2.296
10 10/11p ordinary	Sale	8	2.302
10 10/11p ordinary	Sale	435	2.3
10 10/11p ordinary	Sale	189	2.308
10 10/11p ordinary	Sale	69	2.306
10 10/11p ordinary	Sale	131	2.304
10 10/11p ordinary	Sale	69	2.306
10 10/11p ordinary	Sale	222	2.304
10 10/11p ordinary	Sale	111	2.3
10 10/11p ordinary	Sale	435	2.302
10 10/11p ordinary	Sale	20	2.302
10 10/11p ordinary	Sale	6,575	2.306
10 10/11p ordinary	Sale	223	2.286
10 10/11p ordinary	Sale	187	2.308
10 10/11p ordinary	Sale	59	2.306
10 10/11p ordinary	Sale	9,752	2.306
10 10/11p ordinary	Sale	222	2.298
10 10/11p ordinary	Sale	221	2.306
10 10/11p ordinary	Sale	217	2.32
10 10/11p ordinary	Sale	221	2.308
10 10/11p ordinary	Sale	3	2.32
10 10/11p ordinary	Sale	273	2.306
10 10/11p ordinary	Sale	794	2.304
10 10/11p ordinary	Sale	294	2.304
10 10/11p ordinary	Sale	222	2.31
10 10/11p ordinary	Sale	130	2.294
10 10/11p ordinary	Sale	438	2.298
10 10/11p ordinary	Sale	222	2.302
10 10/11p ordinary	Sale	278	2.304
10 10/11p ordinary	Sale	223	2.302
10 10/11p ordinary	Sale	438	2.294
10 10/11p ordinary	Sale	254	2.306
10 10/11p ordinary	Sale	221	2.306
10 10/11p ordinary	Sale	438	2.292
10 10/11p ordinary	Sale	435	2.304
10 10/11p ordinary	Sale	130	2.294
10 10/11p ordinary	Sale	221	2.31
10 10/11p ordinary	Sale	268	2.304
10 10/11p ordinary	Sale	690	2.306
10 10/11p ordinary	Sale	5,060	2.306
10 10/11p ordinary	Sale	235	2.31
10 10/11p ordinary	Sale	438	2.296
10 10/11p ordinary	Sale	222	2.304
10 10/11p ordinary	Sale	223	2.29
10 10/11p ordinary	Sale	221	2.314
10 10/11p ordinary	Sale	222	2.304
10 10/11p ordinary	Sale	235	2.31
10 10/11p ordinary	Sale	1,082	2.306
10 10/11p ordinary	Sale	18,543	2.30605
10 10/11p ordinary	Sale	1,438	2.32
10 10/11p ordinary	Sale	1,574	2.302
10 10/11p ordinary	Sale	1,543	2.32
10 10/11p ordinary	Sale	43	2.304
10 10/11p ordinary	Sale	70	2.304
10 10/11p ordinary	Sale	383	2.304
10 10/11p ordinary	Sale	394	2.304
10 10/11p ordinary	Sale	473	2.306
10 10/11p ordinary	Sale	912	2.304
10 10/11p ordinary	Sale	1,790	2.32
10 10/11p ordinary	Sale	1,795	2.322
10 10/11p ordinary	Sale	1,799	2.31
10 10/11p ordinary	Sale	1,802	2.308
10 10/11p ordinary	Sale	2,155	2.31
10 10/11p ordinary	Sale	113	2.306
10 10/11p ordinary	Sale	1,562,914	2.316
10 10/11p ordinary	Sale	1,602,202	2.316
10 10/11p ordinary	Sale	14,599	2.306

(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 GBP
10 10/11p ordinary	CFD	Increasing a long position	94	2.3056541
10 10/11p ordinary	CFD	Increasing a short position	62,674	2.30813295
10 10/11p ordinary	CFD	Increasing a short position	1,117	2.294996
10 10/11p ordinary	CFD	Increasing a short position	913	2.300642
10 10/11p ordinary	CFD	Increasing a short position	868	2.295
10 10/11p ordinary	CFD	Increasing a short position	760	2.300987
10 10/11p ordinary	CFD	Increasing a short position	161	2.305498896
10 10/11p ordinary	CFD	Increasing a short position	59	2.294261
10 10/11p ordinary	CFD	Increasing a short position	53	2.298437
10 10/11p ordinary	CFD	Increasing a short position	32	2.29823
10 10/11p ordinary	CFD	Increasing a short position	27	2.29823
10 10/11p ordinary	CFD	Increasing a short position	1	2.29823
10 10/11p ordinary	CFD	Reducing a short position	28	2.296534
10 10/11p ordinary	CFD	Reducing a short position	31	2.298935
10 10/11p ordinary	CFD	Reducing a short position	50	2.296534
10 10/11p ordinary	CFD	Reducing a short position	54	2.298935
10 10/11p ordinary	CFD	Reducing a short position	73	2.296534
10 10/11p ordinary	CFD	Reducing a short position	787	2.298442
10 10/11p ordinary	CFD	Reducing a short position	818	2.298442
10 10/11p ordinary	CFD	Reducing a short position	945	2.298485
10 10/11p ordinary	CFD	Reducing a short position	1,044	2.298485
10 10/11p ordinary	CFD	Reducing a short position	44,093	2.304006988

(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:	04/12/2024
Contact name:	Paul Jenkins
Telephone number:	[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