Citadel Group — Major Shareholding Notification 2024

Nov 29, 2024

National Storage Mechanism | Additional information

RNS Number : 2371O

Citadel Group

29 November 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	28 November 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: Common Stock	ISIN GB00BY9D0Y18 10 10/11p ordinary
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	1,872	0.00	78,546	0.00
(2) Cash-settled derivatives:	21,739,296	1.65	33,544	0.00
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0.00	0	0.00
TOTAL:	21,741,168	1.65	112,090	0.00

Class of relevant security:	ISIN XS1728036366 Restricted Tier 1 Note
	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	10,606	2.1620 GBP
Common	Buy Transaction	312	2.1640 GBP
Common	Buy Transaction	646	2.1660 GBP
Common	Buy Transaction	10	2.1680 GBP
Common	Buy Transaction	547	2.1700 GBP
Common	Buy Transaction	4,094	2.1740 GBP
Common	Buy Transaction	136,179	2.2000 GBP
Common	Buy Transaction	135	2.2060 GBP
Common	Buy Transaction	3,355	2.2120 GBP
Common	Buy Transaction	3,500	2.2180 GBP
Common	Buy Transaction	1,544	2.2300 GBP
Common	Buy Transaction	3,086	2.2320 GBP
Common	Buy Transaction	13	2.2340 GBP
Common	Buy Transaction	176	2.2360 GBP
Common	Buy Transaction	26	2.2380 GBP
Common	Buy Transaction	287	2.2400 GBP
Common	Buy Transaction	779	2.2420 GBP
Common	Buy Transaction	113	2.2460 GBP
Common	Buy Transaction	194	2.2500 GBP
Common	Buy Transaction	230	2.2510 GBP
Common	Buy Transaction	9,651	2.2520 GBP
Common	Buy Transaction	1,480	2.2540 GBP
Common	Buy Transaction	1,796	2.2560 GBP
Common	Buy Transaction	11,821	2.2600 GBP
Common	Buy Transaction	13,987	2.2620 GBP
Common	Buy Transaction	17	2.2640 GBP
Common	Buy Transaction	3	2.2820 GBP
Common	Buy Transaction	387	2.2880 GBP
Common	Buy Transaction	2,200	2.2900 GBP
Common	Buy Transaction	1,017	2.2920 GBP
Common	Buy Transaction	1,516	2.2960 GBP
Common	Buy Transaction	215	2.2980 GBP
Common	Sell Transaction	1,606	2.1040 GBP
Common	Sell Transaction	460	2.1060 GBP
Common	Sell Transaction	1,790	2.1180 GBP
Common	Sell Transaction	2,302	2.1400 GBP
Common	Sell Transaction	2,571	2.1420 GBP
Common	Sell Transaction	1,500	2.1480 GBP
Common	Sell Transaction	48,563	2.1500 GBP
Common	Sell Transaction	1,578	2.1580 GBP
Common	Sell Transaction	939	2.1900 GBP
Common	Sell Transaction	789	2.1960 GBP
Common	Sell Transaction	3,434	2.1980 GBP
Common	Sell Transaction	3,488	2.1990 GBP
Common	Sell Transaction	2,348	2.2000 GBP
Common	Sell Transaction	7,697	2.2080 GBP
Common	Sell Transaction	4,115	2.2100 GBP
Common	Sell Transaction	507	2.2140 GBP
Common	Sell Transaction	3,640	2.2280 GBP
Common	Sell Transaction	5,702	2.2300 GBP
Common	Sell Transaction	4,464	2.2360 GBP
Common	Sell Transaction	10	2.2380 GBP
Common	Sell Transaction	9,407	2.2420 GBP
Common	Sell Transaction	161	2.2440 GBP
Common	Sell Transaction	8	2.2460 GBP
Common	Sell Transaction	27,837	2.2500 GBP
Common	Sell Transaction	12,400	2.2520 GBP
Common	Sell Transaction	22	2.2580 GBP
Common	Sell Transaction	23,420	2.2600 GBP
Common	Sell Transaction	560	2.2740 GBP
Common	Sell Transaction	2	2.2760 GBP
Common	Sell Transaction	5,336	2.2780 GBP
Common	Sell Transaction	66	2.2820 GBP
Common	Sell Transaction	7,129	2.2840 GBP
Common	Sell Transaction	23,234	2.2860 GBP
Common	Sell Transaction	155	2.2880 GBP
Common	Sell Transaction	337	2.2940 GBP
Common	Sell Transaction	708	2.3000 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	Opening long position	1,000,000	2.1890 GBP
Common	CFD	Reducing long position	253,509	2.2230 GBP
Common	CFD	Opening long position	100	2.2380 GBP
Common	CFD	Opening long position	6,533	2.2440 GBP
Common	CFD	Opening long position	4,634	2.2531 GBP
Common	CFD	Opening long position	1,506,425	2.2535 GBP
Common	CFD	Opening long position	1,515,852	2.2573 GBP
Common	CFD	Opening long position	1,205,850	2.2578 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:	29 November 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 .

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

RETZKLFLZFLBFBD