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:
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Jefferies
International Limited
|
|
(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
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:
|
|
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(e) Date position
held/dealing undertaken:
For
an opening position disclosure, state the latest practicable date
prior to the disclosure
|
11th February 2025
|
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(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"
|
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)
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Class of relevant
security:
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10 10/11p
ordinary
|
|
|
Interests
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Short
positions
|
|
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Number
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%
|
Number
|
%
|
|
(1) Relevant securities owned
and/or controlled:
|
15,563,464
|
1.187
|
|
|
|
(2) Cash-settled
derivatives:
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16,325,287
|
1.244
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31,995,408
|
2.439
|
|
(3) Stock-settled derivatives
(including options) and agreements to
purchase/sell:
|
|
|
|
|
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TOTAL:
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31,888,751
|
2,431
|
31,995,408
|
2.439
|
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:
|
|
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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
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Class of relevant
security
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Purchase/Sale
|
Number of
securities
|
Price per unit
(GBX)
|
|
10 10/11p
ordinary
|
Purchase
Sale
|
2,668
29,243
233,364
2,380
11,755
2,113,109
1,269
1,397
185,184
502,178
6,694
1,553
77,247
148,327
3,045
1,108
133,615
515
149,068
200,000
811
159
8,116
224,747
37,397
1,627,336
398,639
8,742
330,304
4,500
56,264
3,465
2,443
19,714
21,224
12,186
4,971
8,704
350,000
53,766
3,952
4,706
648
3,720
723
14,835
1,266
35,562
1,558
500,000
1,104
|
264.5000
264.6000
264.6690
264.7000
264.8000
264.8400
265.0000
265.2000
265.4000
265.5200
265.6000
265.7000
265.7461
265.8000
266.0000
266.2000
266.4000
266.5000
266.6000
266.7000
264.3000
264.4000
264.5000
264.6000
264.7000
264.7323
264.8000
264.9000
265.0000
265.1000
265.1321
265.2000
265.3000
265.4000
265.5000
265.6000
265.7000
265.8000
265.8329
265.8594
265.9000
266.0000
266.1000
266.2000
266.3000
266.4000
266.5000
266.6000
266.7000
266.7600
266.8000
|
(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
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Number of reference
securities
|
Price per
unit
(GBX)
|
|
10 10/11p
ordinary
|
Swap
Swap
Swap
Swap
Swap
Swap
Swap
|
Increasing a short position
Increasing a short position
Increasing a short position
Increasing a short position
Increasing a short position
Increasing a short position
Reducing
a short position
|
6,470
21,592
11,803
34,088
94,561
64,850
39,811
|
264.6723
264.6723
264.6723
264.6723
264.6723
264.6723
264.5700
|
(c) Stock-settled
derivative transactions (including options)
(i) Writing,
selling, purchasing or varying
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Class of relevant
security
|
Product
description e.g. call
option
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Writing, purchasing, selling,
varying etc.
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Number of securities to which
option relates
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Exercise price per
unit
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Type
e.g. American, European
etc.
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Expiry date
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Option money paid/ received
per unit
|
|
|
|
|
|
|
|
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(ii)
Exercise
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Class of relevant
security
|
Product
description
e.g. call
option
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Exercising/ exercised
against
|
Number of
securities
|
Exercise price per
unit
|
|
|
|
|
|
|
(d) Other dealings
(including subscribing for new securities)
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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
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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
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(c)
Attachments
|
Is a Supplemental Form 8
(Open Positions) attached?
|
NO
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Date of disclosure:
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12th February
2025
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Contact name:
|
Robin
Greenwood
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Telephone number
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020 7029
8595
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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.
