Last checked at 4 Mar 2024 15:00
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 | 1 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: | 46,519 | 0.00 | 122,462 | 0.00 |
(2) Cash-settled derivatives:
| 25,285,869 | 1.92 | 103,319 | 0.00 |
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00 | 0 | 0.00 |
TOTAL: | 25,332,388 | 1.93 | 225,781 | 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: | 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 | 2,002 | 2.0040 GBP |
Common | Buy Transaction | 3,297 | 2.0050 GBP |
Common | Buy Transaction | 1,200 | 2.0070 GBP |
Common | Buy Transaction | 1,565 | 2.0090 GBP |
Common | Buy Transaction | 1,256 | 2.0100 GBP |
Common | Buy Transaction | 763 | 2.0120 GBP |
Common | Buy Transaction | 1,100 | 2.0280 GBP |
Common | Buy Transaction | 400 | 2.0310 GBP |
Common | Buy Transaction | 517 | 2.0320 GBP |
Common | Buy Transaction | 4,393 | 2.0340 GBP |
Common | Buy Transaction | 1,232 | 2.0360 GBP |
Common | Buy Transaction | 2,006 | 2.0370 GBP |
Common | Buy Transaction | 2,202 | 2.0380 GBP |
Common | Buy Transaction | 3,600 | 2.0390 GBP |
Common | Buy Transaction | 2,188 | 2.0400 GBP |
Common | Buy Transaction | 1,100 | 2.0410 GBP |
Common | Buy Transaction | 1,585 | 2.0420 GBP |
Common | Buy Transaction | 4,077 | 2.0430 GBP |
Common | Buy Transaction | 1,595 | 2.0450 GBP |
Common | Buy Transaction | 4,400 | 2.0460 GBP |
Common | Buy Transaction | 234 | 2.0470 GBP |
Common | Buy Transaction | 14,760 | 2.0480 GBP |
Common | Buy Transaction | 32,757 | 2.0500 GBP |
Common | Buy Transaction | 15,277 | 2.0510 GBP |
Common | Buy Transaction | 8,556 | 2.0520 GBP |
Common | Buy Transaction | 1,339 | 2.0530 GBP |
Common | Buy Transaction | 5,176 | 2.0540 GBP |
Common | Buy Transaction | 9,905 | 2.0550 GBP |
Common | Buy Transaction | 8,873 | 2.0560 GBP |
Common | Buy Transaction | 22,801 | 2.0570 GBP |
Common | Buy Transaction | 7,239 | 2.0580 GBP |
Common | Buy Transaction | 15,698 | 2.0590 GBP |
Common | Buy Transaction | 10,608 | 2.0595 GBP |
Common | Buy Transaction | 22,149 | 2.0600 GBP |
Common | Buy Transaction | 17,602 | 2.0610 GBP |
Common | Buy Transaction | 26,881 | 2.0620 GBP |
Common | Buy Transaction | 6,778 | 2.0630 GBP |
Common | Buy Transaction | 12,084 | 2.0640 GBP |
Common | Buy Transaction | 7,872 | 2.0650 GBP |
Common | Buy Transaction | 5,605 | 2.0655 GBP |
Common | Buy Transaction | 2,474 | 2.0660 GBP |
Common | Buy Transaction | 9,350 | 2.0670 GBP |
Common | Buy Transaction | 5,328 | 2.0680 GBP |
Common | Buy Transaction | 5,148 | 2.0690 GBP |
Common | Buy Transaction | 3,271 | 2.0695 GBP |
Common | Buy Transaction | 30,808 | 2.0700 GBP |
Common | Buy Transaction | 16,187 | 2.0710 GBP |
Common | Buy Transaction | 14,325 | 2.0720 GBP |
Common | Buy Transaction | 13,723 | 2.0730 GBP |
Common | Buy Transaction | 10,791 | 2.0740 GBP |
Common | Buy Transaction | 5,700 | 2.0750 GBP |
Common | Buy Transaction | 14,250 | 2.0755 GBP |
Common | Buy Transaction | 19,263 | 2.0760 GBP |
Common | Buy Transaction | 4,920 | 2.0770 GBP |
Common | Buy Transaction | 14,564 | 2.0780 GBP |
Common | Buy Transaction | 3,207 | 2.0790 GBP |
Common | Buy Transaction | 4,500 | 2.0800 GBP |
Common | Buy Transaction | 6,050 | 2.0820 GBP |
Common | Buy Transaction | 4,835 | 2.0830 GBP |
Common | Buy Transaction | 7,651 | 2.0840 GBP |
Common | Buy Transaction | 1,790 | 2.0850 GBP |
Common | Buy Transaction | 8,348 | 2.0870 GBP |
Common | Buy Transaction | 3,162 | 2.0880 GBP |
Common | Buy Transaction | 91 | 2.0890 GBP |
Common | Buy Transaction | 113 | 2.0900 GBP |
Common | Buy Transaction | 110 | 2.0910 GBP |
Common | Buy Transaction | 2,439 | 2.0920 GBP |
Common | Buy Transaction | 3,800 | 2.0930 GBP |
Common | Buy Transaction | 5,054 | 2.0940 GBP |
Common | Buy Transaction | 6,887 | 2.0950 GBP |
Common | Sell Transaction | 6,997 | 2.0010 GBP |
Common | Sell Transaction | 346 | 2.0030 GBP |
Common | Sell Transaction | 545 | 2.0100 GBP |
Common | Sell Transaction | 9,435 | 2.0240 GBP |
Common | Sell Transaction | 1,600 | 2.0310 GBP |
Common | Sell Transaction | 1,600 | 2.0330 GBP |
Common | Sell Transaction | 197 | 2.0340 GBP |
Common | Sell Transaction | 2,117 | 2.0360 GBP |
Common | Sell Transaction | 550 | 2.0370 GBP |
Common | Sell Transaction | 2,120 | 2.0400 GBP |
Common | Sell Transaction | 495 | 2.0430 GBP |
Common | Sell Transaction | 1,670 | 2.0440 GBP |
Common | Sell Transaction | 1,025 | 2.0450 GBP |
Common | Sell Transaction | 8,656 | 2.0470 GBP |
Common | Sell Transaction | 3,189 | 2.0480 GBP |
Common | Sell Transaction | 1,260 | 2.0490 GBP |
Common | Sell Transaction | 77 | 2.0500 GBP |
Common | Sell Transaction | 654 | 2.0510 GBP |
Common | Sell Transaction | 3,754 | 2.0550 GBP |
Common | Sell Transaction | 6,029 | 2.0560 GBP |
Common | Sell Transaction | 641 | 2.0590 GBP |
Common | Sell Transaction | 1,600 | 2.0600 GBP |
Common | Sell Transaction | 199 | 2.0610 GBP |
Common | Sell Transaction | 383 | 2.0640 GBP |
Common | Sell Transaction | 1,123 | 2.0670 GBP |
Common | Sell Transaction | 2,000 | 2.0690 GBP |
Common | Sell Transaction | 12,308 | 2.0695 GBP |
Common | Sell Transaction | 1,887 | 2.0700 GBP |
Common | Sell Transaction | 1,000 | 2.0710 GBP |
Common | Sell Transaction | 4,258 | 2.0720 GBP |
Common | Sell Transaction | 1,899 | 2.0730 GBP |
Common | Sell Transaction | 11,925 | 2.0740 GBP |
Common | Sell Transaction | 13,752 | 2.0750 GBP |
Common | Sell Transaction | 1,644 | 2.0760 GBP |
Common | Sell Transaction | 8,156 | 2.0770 GBP |
Common | Sell Transaction | 266 | 2.0780 GBP |
Common | Sell Transaction | 7,276 | 2.0790 GBP |
Common | Sell Transaction | 1,685 | 2.0800 GBP |
Common | Sell Transaction | 3,953 | 2.0810 GBP |
Common | Sell Transaction | 188 | 2.0820 GBP |
Common | Sell Transaction | 980 | 2.0830 GBP |
Common | Sell Transaction | 11,104 | 2.0840 GBP |
Common | Sell Transaction | 18,894 | 2.0850 GBP |
Common | Sell Transaction | 12,387 | 2.0860 GBP |
Common | Sell Transaction | 5,665 | 2.0870 GBP |
Common | Sell Transaction | 1,900 | 2.0880 GBP |
Common | Sell Transaction | 11,422 | 2.0890 GBP |
Common | Sell Transaction | 19,099 | 2.0900 GBP |
Common | Sell Transaction | 16,859 | 2.0910 GBP |
Common | Sell Transaction | 6,038 | 2.0920 GBP |
Common | Sell Transaction | 564 | 2.0930 GBP |
Common | Sell Transaction | 5,827 | 2.0940 GBP |
Common | Sell Transaction | 1,600 | 2.0950 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 | 33,041 | 2.0409 GBP |
Common | CFD | Reducing long position | 14,320 | 2.0469 GBP |
Common | CFD | Reducing long position | 46,274 | 2.0470 GBP |
Common | CFD | Reducing long position | 8,560 | 2.0501 GBP |
Common | CFD | Increasing long position | 16,432 | 2.0516 GBP |
Common | CFD | Reducing long position | 6,014 | 2.0612 GBP |
Common | CFD | Reducing long position | 12,471 | 2.0613 GBP |
Common | CFD | Reducing long position | 5,030 | 2.0621 GBP |
Common | CFD | Reducing long position | 20,119 | 2.0621 GBP |
Common | CFD | Reducing long position | 3,018 | 2.0621 GBP |
Common | CFD | Reducing long position | 63,706 | 2.0626 GBP |
Common | CFD | Reducing long position | 11,901 | 2.0627 GBP |
Common | CFD | Reducing long position | 2,492 | 2.0634 GBP |
Common | CFD | Reducing long position | 2,153 | 2.0638 GBP |
Common | CFD | Reducing long position | 24,043 | 2.0639 GBP |
Common | CFD | Increasing long position | 246,222 | 2.0688 GBP |
Common | CFD | Increasing long position | 54,638 | 2.0691 GBP |
Common | CFD | Reducing long position | 250,000 | 2.0700 GBP |
Common | CFD | Reducing long position | 142,857 | 2.0702 GBP |
Common | CFD | Reducing long position | 35,716 | 2.0703 GBP |
Common | CFD | Reducing long position | 21,427 | 2.0703 GBP |
Common | CFD | Reducing long position | 21,427 | 2.0711 GBP |
Common | CFD | Reducing long position | 142,859 | 2.0711 GBP |
Common | CFD | Reducing long position | 35,714 | 2.0711 GBP |
Common | CFD | Increasing long position | 28,573 | 2.0717 GBP |
Common | CFD | Increasing long position | 42 | 2.0745 GBP |
Common | CFD | Reducing long position | 1,618 | 2.0750 GBP |
Common | CFD | Reducing long position | 328 | 2.0757 GBP |
Common | CFD | Reducing long position | 548 | 2.0757 GBP |
Common | CFD | Reducing long position | 2,191 | 2.0757 GBP |
Common | CFD | Increasing long position | 66,279 | 2.0770 GBP |
Common | CFD | Reducing long position | 1,481 | 2.0778 GBP |
Common | CFD | Reducing long position | 9,007 | 2.0782 GBP |
Common | CFD | Increasing long position | 4,911 | 2.0792 GBP |
Common | CFD | Reducing long position | 26,785 | 2.0800 GBP |
Common | CFD | Reducing long position | 178,572 | 2.0800 GBP |
Common | CFD | Reducing long position | 44,643 | 2.0800 GBP |
Common | CFD | Reducing long position | 14,592 | 2.0807 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) |
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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
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(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
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(c) Attachments
Is a Supplemental Form 8 (Open Positions) attached? | NO |
Date of disclosure: | 4 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 +44 (0)20 7638 0129.
*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.