REG - Societe Generale SA Direct Line Ins Grp - Form 8.3 - Direct Line Insurance Group plc

Direct Line InsuranceAnnouncement

26/06/2025 11:15

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RNS Number : 5697O  Societe Generale SA  26 June 2025

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:                                                      SOCIETE GENERALE SA
 (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.
 (c) Name of offeror/offeree in relation to whose relevant securities this form   Direct Line Insurance Group plc
 relates:

      Use a separate form for each offeror/offeree
 (d) If an exempt fund manager connected with an offeror/offeree, state this
 and specify identity of offeror/offeree:
 (e) Date position held/dealing undertaken:                                       25/06/2025

      For an opening position disclosure, state the latest practicable date
 prior to the disclosure
 (f)  In addition to the company in 1(c) above, is the discloser making           Yes: Aviva plc
 disclosures in respect of any other party to the offer?

      If it is a cash offer or possible cash offer, state "N/A"

 

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:                                            10 10/11p ordinary
                                                                        Interests          Short positions

                                                                        Number      %      Number      %
 (1)  Relevant securities owned and/or controlled:                      70,912,814  5.41   42,063      0.00
 (2)  Cash-settled derivatives:                                         606         0.00   60,522,736  4.62

 (3)  Stock-settled derivatives (including options) and agreements to   0           0.00   0           0.00
 purchase/sell:
 TOTAL:                                                                 70,913,420  5.41   60,564,799  4.62

 

 

 

 

 

 

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:
 Details, including nature of the rights concerned and relevant percentages:

 

 

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

                                                                  GBP
 10 10/11p ordinary          Purchase       26                    3.06723
 10 10/11p ordinary          Purchase       4,885                 3.064
 10 10/11p ordinary          Purchase       5,224                 3.064
 10 10/11p ordinary          Purchase       1,363                 3.064
 10 10/11p ordinary          Purchase       44                    3.064
 10 10/11p ordinary          Purchase       73                    3.064
 10 10/11p ordinary          Purchase       20,000                3.064
 10 10/11p ordinary          Purchase       20,000                3.064
 10 10/11p ordinary          Purchase       2,094                 3.064
 10 10/11p ordinary          Purchase       20,000                3.064
 10 10/11p ordinary          Purchase       9,688                 3.064
 10 10/11p ordinary          Purchase       51,332                3.064
 10 10/11p ordinary          Purchase       825                   3.064
 10 10/11p ordinary          Sale           244                   3.072
 10 10/11p ordinary          Sale           277                   3.07
 10 10/11p ordinary          Sale           183                   3.07
 10 10/11p ordinary          Sale           80                    3.07
 10 10/11p ordinary          Sale           239                   3.07
 10 10/11p ordinary          Sale           200                   3.07
 10 10/11p ordinary          Sale           181                   3.068
 10 10/11p ordinary          Sale           50                    3.066
 10 10/11p ordinary          Sale           167                   3.068
 10 10/11p ordinary          Sale           197                   3.068
 10 10/11p ordinary          Sale           240                   3.07
 10 10/11p ordinary          Sale           193                   3.07
 10 10/11p ordinary          Sale           186                   3.07
 10 10/11p ordinary          Sale           201                   3.07
 10 10/11p ordinary          Sale           193                   3.066
 10 10/11p ordinary          Sale           202                   3.068
 10 10/11p ordinary          Sale           346                   3.068
 10 10/11p ordinary          Sale           199                   3.07
 10 10/11p ordinary          Sale           192                   3.068
 10 10/11p ordinary          Sale           44                    3.07
 10 10/11p ordinary          Sale           194                   3.068
 10 10/11p ordinary          Sale           49                    3.066
 10 10/11p ordinary          Sale           193                   3.066
 10 10/11p ordinary          Sale           224                   3.072
 10 10/11p ordinary          Sale           181                   3.07
 10 10/11p ordinary          Sale           140                   3.07
 10 10/11p ordinary          Sale           181                   3.068
 10 10/11p ordinary          Sale           182                   3.07
 10 10/11p ordinary          Sale           196                   3.072
 10 10/11p ordinary          Sale           313                   3.07
 10 10/11p ordinary          Sale           266                   3.07
 10 10/11p ordinary          Sale           187                   3.068
 10 10/11p ordinary          Sale           192                   3.07
 10 10/11p ordinary          Sale           210                   3.07
 10 10/11p ordinary          Sale           182                   3.066
 10 10/11p ordinary          Sale           194                   3.068
 10 10/11p ordinary          Sale           84                    3.068
 10 10/11p ordinary          Sale           240                   3.07
 10 10/11p ordinary          Sale           47                    3.07
 10 10/11p ordinary          Sale           165                   3.07
 10 10/11p ordinary          Sale           183                   3.068
 10 10/11p ordinary          Sale           322                   3.07
 10 10/11p ordinary          Sale           185                   3.07
 10 10/11p ordinary          Sale           200                   3.068
 10 10/11p ordinary          Sale           182                   3.07
 10 10/11p ordinary          Sale           183                   3.068
 10 10/11p ordinary          Sale           188                   3.07
 10 10/11p ordinary          Sale           185                   3.068
 10 10/11p ordinary          Sale           186                   3.07
 10 10/11p ordinary          Sale           238                   3.07
 10 10/11p ordinary          Sale           105                   3.07
 10 10/11p ordinary          Sale           197                   3.07
 10 10/11p ordinary          Sale           181                   3.07
 10 10/11p ordinary          Sale           21                    3.068
 10 10/11p ordinary          Sale           184                   3.07
 10 10/11p ordinary          Sale           192                   3.07
 10 10/11p ordinary          Sale           195                   3.07
 10 10/11p ordinary          Sale           187                   3.068
 10 10/11p ordinary          Sale           200                   3.07
 10 10/11p ordinary          Sale           193                   3.07
 10 10/11p ordinary          Sale           16                    3.07

 

 

(b)        Cash-settled derivative transactions

 

 Class of relevant security  Product description  Nature of dealing                                                              Number of reference securities  Price per unit GBP

                             e.g. CFD             e.g. opening/closing a long/short position, increasing/reducing a long/short
                                                  position
 10 10/11p ordinary          CFD                  Increasing a short position                                                    26                              3.06723

 

 

(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                           Expiry date  Option money paid/ received per unit

                                                                                                                                                                                      e.g. American, European etc.

 

(ii)        Exercise

 

 Class of relevant security  Product description  Exercising/ exercised against  Number of securities  Exercise price per unit

                             e.g. call option

 

(d)        Other dealings (including subscribing for new securities)

 

 Class of relevant security  Nature of dealing               Details  Price per unit (if applicable)

                             e.g. subscription, conversion

 

 

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:  26/06/2025
 Contact name:        Paul Jenkins
 Telephone number:    +44 20 7676 6969

 

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
(http://www.thetakeoverpanel.org.uk) .

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