Citadel Group — Major Shareholding Notification 2024

Mar 7, 2024

National Storage Mechanism | Additional information

RNS Number : 0233G

Citadel Group

07 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	6 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:	73,146	0.00	113,012	0.00
(2) Cash-settled derivatives:	24,213,193	1.84	130,077	0.00
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0.00	0	0.00
TOTAL:	24,286,339	1.85	243,089	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	5,149	2.1500 GBP
Common	Buy Transaction	6,455	2.1510 GBP
Common	Buy Transaction	828	2.1560 GBP
Common	Buy Transaction	625	2.1570 GBP
Common	Buy Transaction	3,529	2.1590 GBP
Common	Buy Transaction	672	2.1600 GBP
Common	Buy Transaction	1,900	2.1610 GBP
Common	Buy Transaction	41	2.1650 GBP
Common	Buy Transaction	1,075	2.1660 GBP
Common	Buy Transaction	8,713	2.1680 GBP
Common	Buy Transaction	246	2.1685 GBP
Common	Buy Transaction	8,076	2.1690 GBP
Common	Buy Transaction	8,527	2.1700 GBP
Common	Buy Transaction	16,733	2.1710 GBP
Common	Buy Transaction	4,463	2.1720 GBP
Common	Buy Transaction	3,430	2.1730 GBP
Common	Buy Transaction	2,584	2.1740 GBP
Common	Buy Transaction	9,312	2.1750 GBP
Common	Buy Transaction	14,094	2.1760 GBP
Common	Buy Transaction	11,401	2.1770 GBP
Common	Buy Transaction	1,372	2.1785 GBP
Common	Buy Transaction	744	2.1790 GBP
Common	Buy Transaction	989	2.1795 GBP
Common	Buy Transaction	33,198	2.1800 GBP
Common	Buy Transaction	5,019	2.1810 GBP
Common	Buy Transaction	1,800	2.1820 GBP
Common	Buy Transaction	4,680	2.1830 GBP
Common	Buy Transaction	1,101	2.1840 GBP
Common	Buy Transaction	4,204	2.1850 GBP
Common	Buy Transaction	11,511	2.1860 GBP
Common	Buy Transaction	4,810	2.1870 GBP
Common	Buy Transaction	736	2.1880 GBP
Common	Buy Transaction	3,296	2.1890 GBP
Common	Buy Transaction	5,396	2.1900 GBP
Common	Buy Transaction	21	2.1910 GBP
Common	Buy Transaction	1,800	2.1940 GBP
Common	Buy Transaction	3,245	2.1950 GBP
Common	Sell Transaction	4,969	2.1510 GBP
Common	Sell Transaction	2,983	2.1590 GBP
Common	Sell Transaction	426	2.1640 GBP
Common	Sell Transaction	7,141	2.1650 GBP
Common	Sell Transaction	4,312	2.1670 GBP
Common	Sell Transaction	540	2.1680 GBP
Common	Sell Transaction	2,761	2.1690 GBP
Common	Sell Transaction	6,060	2.1700 GBP
Common	Sell Transaction	12,546	2.1710 GBP
Common	Sell Transaction	8,308	2.1720 GBP
Common	Sell Transaction	7,422	2.1725 GBP
Common	Sell Transaction	3,462	2.1730 GBP
Common	Sell Transaction	4,260	2.1740 GBP
Common	Sell Transaction	9,007	2.1750 GBP
Common	Sell Transaction	3,010	2.1760 GBP
Common	Sell Transaction	7,689	2.1770 GBP
Common	Sell Transaction	10,123	2.1780 GBP
Common	Sell Transaction	2,458	2.1790 GBP
Common	Sell Transaction	98	2.1795 GBP
Common	Sell Transaction	21,589	2.1800 GBP
Common	Sell Transaction	1,042	2.1810 GBP
Common	Sell Transaction	5,091	2.1820 GBP
Common	Sell Transaction	711	2.1830 GBP
Common	Sell Transaction	2,072	2.1840 GBP
Common	Sell Transaction	10,540	2.1850 GBP
Common	Sell Transaction	3,491	2.1860 GBP
Common	Sell Transaction	3,474	2.1870 GBP
Common	Sell Transaction	2,865	2.1880 GBP
Common	Sell Transaction	6,365	2.1890 GBP
Common	Sell Transaction	2,116	2.1900 GBP
Common	Sell Transaction	8,050	2.1930 GBP
Common	Sell Transaction	9,227	2.1940 GBP
Common	Sell Transaction	232	2.1965 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	88,606	2.1630 GBP
Common	CFD	Reducing long position	72,027	2.1668 GBP
Common	CFD	Reducing long position	11,387	2.1674 GBP
Common	CFD	Reducing long position	18,981	2.1674 GBP
Common	CFD	Reducing long position	1,681	2.1695 GBP
Common	CFD	Reducing long position	625	2.1697 GBP
Common	CFD	Reducing long position	9,337	2.1717 GBP
Common	CFD	Reducing long position	4,253	2.1737 GBP
Common	CFD	Reducing long position	7,082	2.1737 GBP
Common	CFD	Reducing long position	8,630	2.1737 GBP
Common	CFD	Reducing long position	30,955	2.1745 GBP
Common	CFD	Reducing long position	55,494	2.1750 GBP
Common	CFD	Reducing long position	136,995	2.1754 GBP
Common	CFD	Reducing long position	309,543	2.1762 GBP
Common	CFD	Reducing long position	19,526	2.1764 GBP
Common	CFD	Reducing long position	92,900	2.1768 GBP
Common	CFD	Reducing long position	23,341	2.1772 GBP
Common	CFD	Reducing long position	5,277	2.1774 GBP
Common	CFD	Reducing long position	155,390	2.1780 GBP
Common	CFD	Reducing long position	166,616	2.1782 GBP
Common	CFD	Reducing long position	202	2.1790 GBP
Common	CFD	Reducing long position	50,888	2.1795 GBP
Common	CFD	Reducing long position	64,722	2.1800 GBP
Common	CFD	Reducing long position	63,381	2.1815 GBP
Common	CFD	Reducing long position	7,191	2.1828 GBP
Common	CFD	Reducing long position	1,143	2.1829 GBP
Common	CFD	Reducing long position	4,430	2.1829 GBP
Common	CFD	Reducing long position	1,906	2.1829 GBP
Common	CFD	Increasing long position	553	2.1860 GBP
Common	CFD	Reducing long position	82,300	2.1900 GBP
Common	CFD	Reducing long position	24,170	2.1905 GBP
Common	CFD	Reducing long position	175,000	2.1921 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:	7 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.

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