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 | AVIVA 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 | 29 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, Direct Line Insurance Group 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 GB00BPQY8M80 32 17/19p ordinary | |||
|
| Interests | Short positions | ||
|
| Number | % | Number | % |
| (1) Relevant securities owned and/or controlled: | 37,490 | 0.00 | 83,044 | 0.00 |
| (2) Cash-settled derivatives:
| 4,557,464 | 0.17 | 6,485,683 | 0.24 |
| (3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00 | 0 | 0.00 |
|
TOTAL: | 4,594,954 | 0.17 | 6,568,727 | 0.24 |
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 | 477 | 4.7705 GBP |
| Common | Buy Transaction | 2,011 | 4.7710 GBP |
| Common | Buy Transaction | 207 | 4.7730 GBP |
| Common | Buy Transaction | 1,115 | 4.7740 GBP |
| Common | Buy Transaction | 392 | 4.7760 GBP |
| Common | Buy Transaction | 354 | 4.7780 GBP |
| Common | Buy Transaction | 462 | 4.7790 GBP |
| Common | Buy Transaction | 887 | 4.7810 GBP |
| Common | Buy Transaction | 2,044 | 4.7820 GBP |
| Common | Buy Transaction | 1,015 | 4.7830 GBP |
| Common | Buy Transaction | 2,367 | 4.7840 GBP |
| Common | Buy Transaction | 5,968 | 4.7850 GBP |
| Common | Buy Transaction | 4,233 | 4.7860 GBP |
| Common | Buy Transaction | 4,545 | 4.7880 GBP |
| Common | Buy Transaction | 3,364 | 4.7890 GBP |
| Common | Buy Transaction | 5,780 | 4.7900 GBP |
| Common | Buy Transaction | 998 | 4.7910 GBP |
| Common | Buy Transaction | 2,411 | 4.7930 GBP |
| Common | Buy Transaction | 474 | 4.7940 GBP |
| Common | Buy Transaction | 1,174 | 4.7950 GBP |
| Common | Buy Transaction | 7,258 | 4.7960 GBP |
| Common | Buy Transaction | 20,715 | 4.7970 GBP |
| Common | Buy Transaction | 13,437 | 4.7980 GBP |
| Common | Buy Transaction | 22,195 | 4.7990 GBP |
| Common | Buy Transaction | 69,043 | 4.8000 GBP |
| Common | Buy Transaction | 853 | 4.8005 GBP |
| Common | Buy Transaction | 9,613 | 4.8010 GBP |
| Common | Buy Transaction | 839 | 4.8015 GBP |
| Common | Buy Transaction | 11,684 | 4.8020 GBP |
| Common | Buy Transaction | 576 | 4.8025 GBP |
| Common | Buy Transaction | 9,144 | 4.8030 GBP |
| Common | Buy Transaction | 1,261 | 4.8035 GBP |
| Common | Buy Transaction | 29,957 | 4.8040 GBP |
| Common | Buy Transaction | 3,418 | 4.8050 GBP |
| Common | Buy Transaction | 944 | 4.8055 GBP |
| Common | Buy Transaction | 10,817 | 4.8060 GBP |
| Common | Buy Transaction | 146 | 4.8065 GBP |
| Common | Buy Transaction | 11,377 | 4.8070 GBP |
| Common | Buy Transaction | 9,863 | 4.8080 GBP |
| Common | Buy Transaction | 14,071 | 4.8090 GBP |
| Common | Buy Transaction | 13,246 | 4.8100 GBP |
| Common | Buy Transaction | 6,845 | 4.8110 GBP |
| Common | Buy Transaction | 2,716 | 4.8120 GBP |
| Common | Buy Transaction | 3,293 | 4.8130 GBP |
| Common | Buy Transaction | 2,715 | 4.8140 GBP |
| Common | Buy Transaction | 2,697 | 4.8150 GBP |
| Common | Buy Transaction | 91 | 4.8155 GBP |
| Common | Buy Transaction | 3,263 | 4.8160 GBP |
| Common | Buy Transaction | 2,905 | 4.8170 GBP |
| Common | Buy Transaction | 4,376 | 4.8180 GBP |
| Common | Buy Transaction | 9,717 | 4.8190 GBP |
| Common | Buy Transaction | 9,901 | 4.8200 GBP |
| Common | Buy Transaction | 6,490 | 4.8210 GBP |
| Common | Buy Transaction | 3,433 | 4.8220 GBP |
| Common | Buy Transaction | 5,485 | 4.8230 GBP |
| Common | Buy Transaction | 10,978 | 4.8240 GBP |
| Common | Buy Transaction | 4,050 | 4.8250 GBP |
| Common | Buy Transaction | 14,407 | 4.8260 GBP |
| Common | Buy Transaction | 10,979 | 4.8270 GBP |
| Common | Buy Transaction | 6,566 | 4.8280 GBP |
| Common | Buy Transaction | 20,474 | 4.8290 GBP |
| Common | Buy Transaction | 5,913 | 4.8300 GBP |
| Common | Buy Transaction | 152 | 4.8305 GBP |
| Common | Buy Transaction | 2,837 | 4.8310 GBP |
| Common | Buy Transaction | 600 | 4.8315 GBP |
| Common | Buy Transaction | 1,411 | 4.8320 GBP |
| Common | Buy Transaction | 2,253 | 4.8330 GBP |
| Common | Buy Transaction | 4,131 | 4.8340 GBP |
| Common | Buy Transaction | 1,347 | 4.8345 GBP |
| Common | Buy Transaction | 16,210 | 4.8350 GBP |
| Common | Buy Transaction | 4,159 | 4.8360 GBP |
| Common | Buy Transaction | 468 | 4.8370 GBP |
| Common | Buy Transaction | 235 | 12.3400 USD |
| Common | Buy Transaction | 136 | 12.3800 USD |
| Common | Buy Transaction | 15 | 12.3850 USD |
| Common | Sell Transaction | 469 | 4.7750 GBP |
| Common | Sell Transaction | 850 | 4.7790 GBP |
| Common | Sell Transaction | 19,083 | 4.7800 GBP |
| Common | Sell Transaction | 1,075 | 4.7810 GBP |
| Common | Sell Transaction | 4,727 | 4.7820 GBP |
| Common | Sell Transaction | 4,296 | 4.7830 GBP |
| Common | Sell Transaction | 7,181 | 4.7840 GBP |
| Common | Sell Transaction | 7,310 | 4.7850 GBP |
| Common | Sell Transaction | 213 | 4.7855 GBP |
| Common | Sell Transaction | 6,032 | 4.7860 GBP |
| Common | Sell Transaction | 4,935 | 4.7870 GBP |
| Common | Sell Transaction | 1,899 | 4.7880 GBP |
| Common | Sell Transaction | 6,820 | 4.7890 GBP |
| Common | Sell Transaction | 442 | 4.7895 GBP |
| Common | Sell Transaction | 1,746 | 4.7900 GBP |
| Common | Sell Transaction | 2,685 | 4.7910 GBP |
| Common | Sell Transaction | 3,983 | 4.7920 GBP |
| Common | Sell Transaction | 100 | 4.7925 GBP |
| Common | Sell Transaction | 774 | 4.7930 GBP |
| Common | Sell Transaction | 5,248 | 4.7940 GBP |
| Common | Sell Transaction | 1,066 | 4.7950 GBP |
| Common | Sell Transaction | 12,820 | 4.7960 GBP |
| Common | Sell Transaction | 15,992 | 4.7970 GBP |
| Common | Sell Transaction | 23,465 | 4.7980 GBP |
| Common | Sell Transaction | 21,914 | 4.7990 GBP |
| Common | Sell Transaction | 134 | 4.7995 GBP |
| Common | Sell Transaction | 46,727 | 4.8000 GBP |
| Common | Sell Transaction | 6,252 | 4.8010 GBP |
| Common | Sell Transaction | 2,646 | 4.8020 GBP |
| Common | Sell Transaction | 14,981 | 4.8030 GBP |
| Common | Sell Transaction | 600 | 4.8035 GBP |
| Common | Sell Transaction | 13,625 | 4.8040 GBP |
| Common | Sell Transaction | 18,819 | 4.8050 GBP |
| Common | Sell Transaction | 5,189 | 4.8060 GBP |
| Common | Sell Transaction | 971 | 4.8070 GBP |
| Common | Sell Transaction | 2,007 | 4.8080 GBP |
| Common | Sell Transaction | 7,174 | 4.8090 GBP |
| Common | Sell Transaction | 9,142 | 4.8100 GBP |
| Common | Sell Transaction | 10,036 | 4.8110 GBP |
| Common | Sell Transaction | 7,767 | 4.8120 GBP |
| Common | Sell Transaction | 11,610 | 4.8130 GBP |
| Common | Sell Transaction | 7,857 | 4.8140 GBP |
| Common | Sell Transaction | 1,167 | 4.8145 GBP |
| Common | Sell Transaction | 22,384 | 4.8150 GBP |
| Common | Sell Transaction | 15,265 | 4.8160 GBP |
| Common | Sell Transaction | 9,277 | 4.8170 GBP |
| Common | Sell Transaction | 9,655 | 4.8180 GBP |
| Common | Sell Transaction | 498 | 4.8185 GBP |
| Common | Sell Transaction | 46,525 | 4.8190 GBP |
| Common | Sell Transaction | 9,195 | 4.8200 GBP |
| Common | Sell Transaction | 10,131 | 4.8210 GBP |
| Common | Sell Transaction | 7,889 | 4.8220 GBP |
| Common | Sell Transaction | 11,093 | 4.8230 GBP |
| Common | Sell Transaction | 3,312 | 4.8235 GBP |
| Common | Sell Transaction | 14,318 | 4.8240 GBP |
| Common | Sell Transaction | 2,779 | 4.8245 GBP |
| Common | Sell Transaction | 34,205 | 4.8250 GBP |
| Common | Sell Transaction | 13,235 | 4.8260 GBP |
| Common | Sell Transaction | 2,455 | 4.8265 GBP |
| Common | Sell Transaction | 26,229 | 4.8270 GBP |
| Common | Sell Transaction | 1,123 | 4.8280 GBP |
| Common | Sell Transaction | 4,134 | 4.8285 GBP |
| Common | Sell Transaction | 1,450 | 4.8290 GBP |
| Common | Sell Transaction | 16,621 | 4.8300 GBP |
| Common | Sell Transaction | 1,643 | 4.8310 GBP |
| Common | Sell Transaction | 558 | 4.8315 GBP |
| Common | Sell Transaction | 8,770 | 4.8320 GBP |
| Common | Sell Transaction | 11,156 | 4.8330 GBP |
| Common | Sell Transaction | 7,830 | 4.8340 GBP |
| Common | Sell Transaction | 9,428 | 4.8350 GBP |
| Common | Sell Transaction | 2,739 | 4.8360 GBP |
| Common | Sell Transaction | 9,079 | 4.8370 GBP |
| Common | Sell Transaction | 81 | 12.4800 USD |
| Common | Sell Transaction | 10 | 12.5000 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 | Reducing short position | 612 | 4.7855 GBP |
| Common | CFD | Reducing short position | 7,356 | 4.7928 GBP |
| Common | CFD | Reducing short position | 3,938 | 4.7951 GBP |
| Common | CFD | Reducing short position | 30,377 | 4.7953 GBP |
| Common | CFD | Reducing short position | 56,266 | 4.7994 GBP |
| Common | CFD | Reducing short position | 3,229 | 4.7995 GBP |
| Common | CFD | Reducing short position | 6,663 | 4.7998 GBP |
| Common | CFD | Reducing short position | 4,573 | 4.8027 GBP |
| Common | CFD | Increasing short position | 51,418 | 4.8048 GBP |
| Common | CFD | Increasing short position | 100,568 | 4.8100 GBP |
| Common | CFD | Reducing short position | 3,160 | 4.8118 GBP |
| Common | CFD | Increasing short position | 37,392 | 4.8170 GBP |
| Common | CFD | Increasing short position | 6,689 | 4.8201 GBP |
| Common | CFD | Increasing short position | 15,944 | 4.8220 GBP |
| Common | CFD | Increasing short position | 32,128 | 4.8223 GBP |
| Common | CFD | Increasing short position | 3,417 | 4.8231 GBP |
| Common | CFD | Increasing short position | 2,992 | 4.8235 GBP |
| Common | CFD | Increasing short position | 2,236 | 4.8289 GBP |
| Common | CFD | Increasing short position | 487 | 4.8350 GBP |
| Common | CFD | Increasing short position | 39,421 | 4.8369 GBP |
| Common | CFD | Increasing short position | 242,475 | 4.8370 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
|
(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: | 2 December 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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