Last checked at 21 Mar 2024 09:17
Amendment - due to the amendment of Equity and Derivatives transactions, the disclosure made on 29 February for dealings on 28 February has been updated. Sections 2(a) and 2(b) have been updated.
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: | 28 February 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" | NO |
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 | 19,509,896 | 2.3672 GBP | 1.5585 GBP |
Ordinary 10 10/11p | Sales | 14,841,999 | 2.1060 GBP | 1.5585 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 long position | 10,475 | 1.5637 GBP |
Ordinary 10 10/11p | CFD | Increasing a long position | 296 | 1.5843 GBP |
Ordinary 10 10/11p | CFD | Increasing a long position | 1,104 | 1.5843 GBP |
Ordinary 10 10/11p | CFD | Increasing a long position | 324 | 1.5875 GBP |
Ordinary 10 10/11p | CFD | Increasing a long position | 593 | 1.5878 GBP |
Ordinary 10 10/11p | CFD | Increasing a long position | 372 | 1.5998 GBP |
Ordinary 10 10/11p | CFD | Increasing a long position | 143 | 1.6018 GBP |
Ordinary 10 10/11p | CFD | Reducing a long position | 584 | 1.6335 GBP |
Ordinary 10 10/11p | CFD | Increasing a long position | 131 | 1.6335 GBP |
Ordinary 10 10/11p | CFD | Reducing a long position | 175 | 1.6335 GBP |
Ordinary 10 10/11p | CFD | Increasing a long position | 142 | 1.6335 GBP |
Ordinary 10 10/11p | CFD | Increasing a long position | 486 | 1.6335 GBP |
Ordinary 10 10/11p | CFD | Reducing a short position | 100,000 | 1.7756 GBP |
Ordinary 10 10/11p | CFD | Reducing a short position | 10,730 | 1.7756 GBP |
Ordinary 10 10/11p | CFD | Reducing a short position | 31 | 1.7993 GBP |
Ordinary 10 10/11p | CFD | Increasing a long position | 49,196 | 1.8006 GBP |
Ordinary 10 10/11p | CFD | Reducing a long position | 4,649 | 1.8040 GBP |
Ordinary 10 10/11p | CFD | Increasing a long position | 30,504 | 1.8356 GBP |
Ordinary 10 10/11p | CFD | Reducing a long position | 51,404 | 1.8409 GBP |
Ordinary 10 10/11p | CFD | Reducing a long position | 36,717 | 1.8409 GBP |
Ordinary 10 10/11p | CFD | Reducing a short position | 150,000 | 1.8784 GBP |
Ordinary 10 10/11p | CFD | Reducing a short position | 16,095 | 1.8784 GBP |
Ordinary 10 10/11p | CFD | Reducing a long position | 84,101 | 1.8793 GBP |
Ordinary 10 10/11p | CFD | Reducing a long position | 6,590 | 1.8795 GBP |
Ordinary 10 10/11p | CFD | Reducing a long position | 2,194 | 1.8795 GBP |
Ordinary 10 10/11p | CFD | Reducing a long position | 247 | 1.8795 GBP |
Ordinary 10 10/11p | CFD | Reducing a long position | 281 | 1.8795 GBP |
Ordinary 10 10/11p | CFD | Reducing a long position | 2,893 | 1.8820 GBP |
Ordinary 10 10/11p | CFD | Reducing a long position | 553 | 1.8820 GBP |
Ordinary 10 10/11p | CFD | Reducing a long position | 247 | 1.8820 GBP |
Ordinary 10 10/11p | CFD | Reducing a long position | 202 | 1.8820 GBP |
Ordinary 10 10/11p | CFD | Reducing a long position | 731 | 1.8908 GBP |
Ordinary 10 10/11p | CFD | Reducing a long position | 286 | 1.8908 GBP |
Ordinary 10 10/11p | CFD | Reducing a long position | 13 | 1.8908 GBP |
Ordinary 10 10/11p | CFD | Reducing a long position | 23 | 1.8908 GBP |
Ordinary 10 10/11p | CFD | Increasing a short position | 31,580 | 1.9206 GBP |
Ordinary 10 10/11p | CFD | Increasing a short position | 15,531 | 1.9388 GBP |
Ordinary 10 10/11p | CFD | Increasing a short position | 14,574 | 1.9388 GBP |
Ordinary 10 10/11p | CFD | Increasing a short position | 1,224 | 1.9388 GBP |
Ordinary 10 10/11p | CFD | Increasing a short position | 2,879 | 1.9388 GBP |
Ordinary 10 10/11p | CFD | Increasing a short position | 8,063 | 1.9388 GBP |
Ordinary 10 10/11p | CFD | Reducing a long position | 3,180 | 1.9397 GBP |
Ordinary 10 10/11p | CFD | Reducing a long position | 944 | 1.9397 GBP |
Ordinary 10 10/11p | CFD | Reducing a short position | 16,095 | 1.9445 GBP |
Ordinary 10 10/11p | CFD | Reducing a short position | 150,000 | 1.9445 GBP |
Ordinary 10 10/11p | CFD | Reducing a short position | 8,704 | 1.9548 GBP |
Ordinary 10 10/11p | CFD | Reducing a short position | 371,101 | 1.9548 GBP |
Ordinary 10 10/11p | CFD | Increasing a short position | 91,855 | 1.9610 GBP |
Ordinary 10 10/11p | CFD | Increasing a short position | 86,194 | 1.9610 GBP |
Ordinary 10 10/11p | CFD | Increasing a short position | 7,235 | 1.9610 GBP |
Ordinary 10 10/11p | CFD | Increasing a short position | 17,028 | 1.9610 GBP |
Ordinary 10 10/11p | CFD | Increasing a short position | 47,688 | 1.9610 GBP |
Ordinary 10 10/11p | CFD | Reducing a long position | 77,373 | 1.9610 GBP |
Ordinary 10 10/11p | CFD | Increasing a short position | 39,475 | 1.9670 GBP |
Ordinary 10 10/11p | CFD | Increasing a short position | 183,710 | 1.9691 GBP |
Ordinary 10 10/11p | CFD | Increasing a short position | 172,388 | 1.9691 GBP |
Ordinary 10 10/11p | CFD | Increasing a short position | 14,470 | 1.9691 GBP |
Ordinary 10 10/11p | CFD | Increasing a short position | 34,056 | 1.9691 GBP |
Ordinary 10 10/11p | CFD | Increasing a short position | 95,376 | 1.9691 GBP |
Ordinary 10 10/11p | CFD | Reducing a short position | 5,500 | 1.9713 GBP |
Ordinary 10 10/11p | CFD | Opening a short position | 175,725 | 1.9721 GBP |
Ordinary 10 10/11p | CFD | Opening a short position | 1,775 | 1.9721 GBP |
Ordinary 10 10/11p | CFD | Opening a short position | 15,790 | 1.9757 GBP |
Ordinary 10 10/11p | CFD | Opening a short position | 183,710 | 1.9766 GBP |
Ordinary 10 10/11p | CFD | Opening a short position | 14,470 | 1.9766 GBP |
Ordinary 10 10/11p | CFD | Opening a short position | 95,376 | 1.9766 GBP |
Ordinary 10 10/11p | CFD | Opening a short position | 34,056 | 1.9766 GBP |
Ordinary 10 10/11p | CFD | Opening a short position | 172,388 | 1.9766 GBP |
Ordinary 10 10/11p | CFD | Increasing a short position | 61,443 | 1.9904 GBP |
Ordinary 10 10/11p | CFD | Increasing a short position | 348,178 | 1.9904 GBP |
Ordinary 10 10/11p | CFD | Increasing a short position | 2,996 | 1.9904 GBP |
Ordinary 10 10/11p | CFD | Reducing a long position | 44,061 | 1.9910 GBP |
Ordinary 10 10/11p | CFD | Reducing a long position | 44,061 | 1.9910 GBP |
Ordinary 10 10/11p | CFD | Increasing a short position | 199,645 | 1.9943 GBP |
Ordinary 10 10/11p | CFD | Increasing a short position | 90,891 | 1.9975 GBP |
Ordinary 10 10/11p | CFD | Increasing a short position | 515,048 | 1.9975 GBP |
Ordinary 10 10/11p | CFD | Increasing a short position | 55,502 | 2.0003 GBP |
Ordinary 10 10/11p | CFD | Increasing a short position | 314,514 | 2.0003 GBP |
Ordinary 10 10/11p | CFD | Reducing a long position | 33,666 | 2.0013 GBP |
Ordinary 10 10/11p | CFD | Reducing a long position | 1,415 | 2.0013 GBP |
Ordinary 10 10/11p | CFD | Reducing a long position | 9,997 | 2.0013 GBP |
Ordinary 10 10/11p | CFD | Reducing a long position | 1,823 | 2.0013 GBP |
Ordinary 10 10/11p | CFD | Opening a short position | 13,654 | 2.0062 GBP |
Ordinary 10 10/11p | CFD | Increasing a short position | 77,373 | 2.0062 GBP |
Ordinary 10 10/11p | CFD | Opening a long position | 2,658 | 2.0076 GBP |
Ordinary 10 10/11p | CFD | Opening a long position | 38,896 | 2.0076 GBP |
Ordinary 10 10/11p | CFD | Opening a long position | 239,162 | 2.0076 GBP |
Ordinary 10 10/11p | CFD | Opening a long position | 4,794 | 2.0076 GBP |
Ordinary 10 10/11p | CFD | Opening a long position | 2,683 | 2.0076 GBP |
Ordinary 10 10/11p | CFD | Increasing a long position | 20,551 | 2.0088 GBP |
Ordinary 10 10/11p | CFD | Opening a long position | 3,342 | 2.0088 GBP |
Ordinary 10 10/11p | CFD | Opening a long position | 412 | 2.0088 GBP |
Ordinary 10 10/11p | CFD | Opening a long position | 231 | 2.0088 GBP |
Ordinary 10 10/11p | CFD | Opening a long position | 228 | 2.0088 GBP |
Ordinary 10 10/11p | CFD | Increasing a short position | 10,724 | 2.0169 GBP |
Ordinary 10 10/11p | CFD | Opening a long position | 77,790 | 2.0176 GBP |
Ordinary 10 10/11p | CFD | Opening a long position | 5,316 | 2.0176 GBP |
Ordinary 10 10/11p | CFD | Opening a long position | 5,364 | 2.0176 GBP |
Ordinary 10 10/11p | CFD | Opening a long position | 9,588 | 2.0176 GBP |
Ordinary 10 10/11p | CFD | Increasing a long position | 478,325 | 2.0176 GBP |
Ordinary 10 10/11p | CFD | Opening a long position | 19,448 | 2.0177 GBP |
Ordinary 10 10/11p | CFD | Opening a long position | 2,396 | 2.0177 GBP |
Ordinary 10 10/11p | CFD | Opening a long position | 1,328 | 2.0177 GBP |
Ordinary 10 10/11p | CFD | Opening a long position | 1,340 | 2.0177 GBP |
Ordinary 10 10/11p | CFD | Increasing a long position | 27,688 | 2.0218 GBP |
Ordinary 10 10/11p | CFD | Increasing a short position | 81,452 | 2.0220 GBP |
Ordinary 10 10/11p | CFD | Reducing a long position | 172,355 | 2.0222 GBP |
Ordinary 10 10/11p | CFD | Reducing a long position | 593 | 2.0223 GBP |
Ordinary 10 10/11p | CFD | Reducing a short position | 92,172 | 2.0226 GBP |
Ordinary 10 10/11p | CFD | Reducing a long position | 73,785 | 2.0250 GBP |
Ordinary 10 10/11p | CFD | Reducing a long position | 11,813 | 2.0264 GBP |
Ordinary 10 10/11p | CFD | Reducing a long position | 715 | 2.0264 GBP |
Ordinary 10 10/11p | CFD | Reducing a long position | 3,508 | 2.0264 GBP |
Ordinary 10 10/11p | CFD | Reducing a long position | 735 | 2.0264 GBP |
Ordinary 10 10/11p | CFD | Reducing a long position | 350,000 | 2.0276 GBP |
Ordinary 10 10/11p | CFD | Reducing a short position | 136,753 | 2.0307 GBP |
Ordinary 10 10/11p | CFD | Reducing a short position | 774,942 | 2.0307 GBP |
Ordinary 10 10/11p | CFD | Opening a short position | 686,789 | 2.0333 GBP |
Ordinary 10 10/11p | CFD | Increasing a short position | 183,710 | 2.0346 GBP |
Ordinary 10 10/11p | CFD | Increasing a short position | 172,388 | 2.0346 GBP |
Ordinary 10 10/11p | CFD | Increasing a short position | 14,470 | 2.0346 GBP |
Ordinary 10 10/11p | CFD | Increasing a short position | 34,056 | 2.0346 GBP |
Ordinary 10 10/11p | CFD | Increasing a short position | 95,376 | 2.0346 GBP |
Ordinary 10 10/11p | CFD | Opening a long position | 5,314 | 2.0376 GBP |
Ordinary 10 10/11p | CFD | Opening a long position | 9,586 | 2.0376 GBP |
Ordinary 10 10/11p | CFD | Opening a long position | 77,792 | 2.0376 GBP |
Ordinary 10 10/11p | CFD | Increasing a long position | 478,324 | 2.0376 GBP |
Ordinary 10 10/11p | CFD | Opening a long position | 5,360 | 2.0376 GBP |
Ordinary 10 10/11p | CFD | Reducing a long position | 34,156 | 2.0406 GBP |
Ordinary 10 10/11p | CFD | Increasing a short position | 136,540 | 2.0439 GBP |
Ordinary 10 10/11p | CFD | Increasing a short position | 773,729 | 2.0439 GBP |
Ordinary 10 10/11p | CFD | Increasing a short position | 68,270 | 2.0454 GBP |
Ordinary 10 10/11p | CFD | Increasing a short position | 386,864 | 2.0454 GBP |
Ordinary 10 10/11p | CFD | Opening a short position | 773,729 | 2.0459 GBP |
Ordinary 10 10/11p | CFD | Increasing a short position | 136,540 | 2.0459 GBP |
Ordinary 10 10/11p | CFD | Reducing a short position | 560,903 | 2.0479 GBP |
Ordinary 10 10/11p | CFD | Reducing a short position | 1,850,000 | 2.0479 GBP |
Ordinary 10 10/11p | CFD | Reducing a short position | 1,000,000 | 2.0479 GBP |
Ordinary 10 10/11p | CFD | Reducing a short position | 840,597 | 2.0479 GBP |
Ordinary 10 10/11p | CFD | Reducing a short position | 1,300,000 | 2.0479 GBP |
Ordinary 10 10/11p | CFD | Opening a short position | 699 | 2.0496 GBP |
Ordinary 10 10/11p | CFD | Increasing a short position | 38,649 | 2.0513 GBP |
Ordinary 10 10/11p | CFD | Reducing a short position | 699 | 2.0823 GBP |
Ordinary 10 10/11p | CFD | Increasing a short position | 1,030 | 2.0879 GBP |
Ordinary 10 10/11p | CFD | Opening a short position | 37,244 | 2.0964 GBP |
Ordinary 10 10/11p | Call Option | Opening a long position | 287,886 | 0.0344 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) |
|
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: | 21 March 2024 |
| Contact name: | Papa Lette and Andrzej Szyszka |
| Telephone number: | +33(1) 4212 1459 / +48(22) 317 4817 |
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.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.