Citadel Group — Major Shareholding Notification 2024

Mar 25, 2024

National Storage Mechanism | Additional information

RNS Number : 1358I

Citadel Group

25 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	22 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:	257,513	0.01	34,869	0.00
(2) Cash-settled derivatives:	19,090,707	1.45	0	0.00
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0.00	0	0.00
TOTAL:	19,348,220	1.47	34,869	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	1,985	2.0940 GBP
Common	Buy Transaction	744	2.0960 GBP
Common	Buy Transaction	3,275	2.0970 GBP
Common	Buy Transaction	3,598	2.0980 GBP
Common	Buy Transaction	12,179	2.0990 GBP
Common	Buy Transaction	10,673	2.1000 GBP
Common	Buy Transaction	1,188	2.1010 GBP
Common	Buy Transaction	78	2.1015 GBP
Common	Buy Transaction	3,535	2.1020 GBP
Common	Buy Transaction	76	2.1025 GBP
Common	Buy Transaction	2,519	2.1030 GBP
Common	Buy Transaction	3,514	2.1040 GBP
Common	Buy Transaction	3,364	2.1050 GBP
Common	Buy Transaction	6,992	2.1060 GBP
Common	Buy Transaction	2,847	2.1065 GBP
Common	Buy Transaction	5,091	2.1070 GBP
Common	Buy Transaction	3,186	2.1075 GBP
Common	Buy Transaction	1,600	2.1080 GBP
Common	Buy Transaction	2,238	2.1085 GBP
Common	Buy Transaction	8,060	2.1090 GBP
Common	Buy Transaction	3,784	2.1100 GBP
Common	Buy Transaction	6,229	2.1105 GBP
Common	Buy Transaction	3,792	2.1110 GBP
Common	Buy Transaction	6,286	2.1115 GBP
Common	Buy Transaction	12,835	2.1120 GBP
Common	Buy Transaction	4,268	2.1125 GBP
Common	Buy Transaction	9,135	2.1130 GBP
Common	Buy Transaction	5,967	2.1140 GBP
Common	Buy Transaction	270	2.1150 GBP
Common	Buy Transaction	1,612	2.1155 GBP
Common	Buy Transaction	2,224	2.1160 GBP
Common	Buy Transaction	1,248	2.1180 GBP
Common	Buy Transaction	10,116	2.1190 GBP
Common	Buy Transaction	1,500	2.1270 GBP
Common	Buy Transaction	47,740	2.1280 GBP
Common	Buy Transaction	442	2.1290 GBP
Common	Buy Transaction	2,113	2.1300 GBP
Common	Buy Transaction	10	2.1400 GBP
Common	Buy Transaction	2,200	2.1450 GBP
Common	Buy Transaction	2,400	2.1490 GBP
Common	Buy Transaction	5,300	2.1550 GBP
Common	Buy Transaction	2,200	2.1560 GBP
Common	Buy Transaction	250	9.9000 USD
Common	Buy Transaction	300	10.2000 USD
Common	Sell Transaction	17,023	2.0950 GBP
Common	Sell Transaction	65	2.0960 GBP
Common	Sell Transaction	860	2.0970 GBP
Common	Sell Transaction	763	2.0980 GBP
Common	Sell Transaction	4,645	2.0990 GBP
Common	Sell Transaction	30,830	2.1000 GBP
Common	Sell Transaction	12,221	2.1010 GBP
Common	Sell Transaction	221	2.1020 GBP
Common	Sell Transaction	4,728	2.1030 GBP
Common	Sell Transaction	7,453	2.1040 GBP
Common	Sell Transaction	13,767	2.1050 GBP
Common	Sell Transaction	3,147	2.1060 GBP
Common	Sell Transaction	4,534	2.1070 GBP
Common	Sell Transaction	16,535	2.1080 GBP
Common	Sell Transaction	21,375	2.1090 GBP
Common	Sell Transaction	38,664	2.1100 GBP
Common	Sell Transaction	3,791	2.1110 GBP
Common	Sell Transaction	1,726	2.1120 GBP
Common	Sell Transaction	1,614	2.1130 GBP
Common	Sell Transaction	5,093	2.1140 GBP
Common	Sell Transaction	4,730	2.1150 GBP
Common	Sell Transaction	2,000	2.1160 GBP
Common	Sell Transaction	25	2.1170 GBP
Common	Sell Transaction	89	2.1180 GBP
Common	Sell Transaction	2,830	2.1190 GBP
Common	Sell Transaction	6,150	2.1200 GBP
Common	Sell Transaction	17,744	2.1230 GBP
Common	Sell Transaction	1,226	2.1240 GBP
Common	Sell Transaction	3,423	2.1250 GBP
Common	Sell Transaction	443	2.1260 GBP
Common	Sell Transaction	7,114	2.1270 GBP
Common	Sell Transaction	3,300	2.1360 GBP
Common	Sell Transaction	2,300	2.1540 GBP
Common	Sell Transaction	1,900	2.1550 GBP
Common	Sell Transaction	250	9.9000 USD
Common	Sell Transaction	300	10.2000 USD

(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	Increasing long position	2,987	2.0900 GBP
Common	CFD	Reducing long position	291,818	2.0900 GBP
Common	CFD	Reducing long position	85,872	2.0905 GBP
Common	CFD	Reducing long position	51,534	2.0905 GBP
Common	CFD	Reducing long position	36,997	2.0918 GBP
Common	CFD	Reducing long position	17,185	2.0920 GBP
Common	CFD	Reducing long position	69,300	2.1000 GBP
Common	CFD	Increasing long position	34,997	2.1023 GBP
Common	CFD	Reducing long position	1,145	2.1025 GBP
Common	CFD	Reducing long position	430,339	2.1035 GBP
Common	CFD	Reducing long position	8,170	2.1038 GBP
Common	CFD	Reducing long position	17,527	2.1038 GBP
Common	CFD	Reducing long position	6,360	2.1047 GBP
Common	CFD	Reducing long position	10,604	2.1047 GBP
Common	CFD	Reducing long position	5,936	2.1050 GBP
Common	CFD	Reducing long position	9,897	2.1050 GBP
Common	CFD	Reducing long position	8,668	2.1050 GBP
Common	CFD	Reducing long position	17,968	2.1050 GBP
Common	CFD	Reducing long position	27,656	2.1057 GBP
Common	CFD	Reducing long position	51,279	2.1061 GBP
Common	CFD	Increasing long position	29,030	2.1061 GBP
Common	CFD	Increasing long position	24,717	2.1069 GBP
Common	CFD	Increasing long position	37,614	2.1069 GBP
Common	CFD	Reducing long position	25,583	2.1069 GBP
Common	CFD	Reducing long position	15,349	2.1069 GBP
Common	CFD	Reducing long position	22,303	2.1074 GBP
Common	CFD	Reducing long position	45,936	2.1077 GBP
Common	CFD	Reducing long position	250,000	2.1080 GBP
Common	CFD	Reducing long position	64,201	2.1085 GBP
Common	CFD	Reducing long position	38,515	2.1085 GBP
Common	CFD	Reducing long position	4,382	2.1086 GBP
Common	CFD	Reducing long position	7,314	2.1086 GBP
Common	CFD	Reducing long position	6,557	2.1087 GBP
Common	CFD	Reducing long position	13,753	2.1087 GBP
Common	CFD	Reducing long position	1,960,000	2.1089 GBP
Common	CFD	Reducing long position	840,000	2.1097 GBP
Common	CFD	Increasing long position	111	2.1130 GBP
Common	CFD	Reducing long position	965	2.1133 GBP
Common	CFD	Reducing long position	438	2.1133 GBP
Common	CFD	Reducing long position	1,502	2.1133 GBP
Common	CFD	Reducing long position	2,505	2.1133 GBP
Common	CFD	Reducing long position	13,808	2.1148 GBP
Common	CFD	Reducing long position	3,004	2.1213 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:	25 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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