Direct Line Insurance Group PLC has disclosed its position as an offeree in relation to Ageas SA/NV. The disclosure, made in accordance with Rules 8.1 and 8.2 of the Takeover Code, provides key information about the company's interests and short positions in the relevant securities of Ageas SA/NV as of 11th March 2024.
The disclosure indicates that Direct Line Insurance Group PLC currently holds no interests or short positions in the ordinary shares of Ageas SA/NV. Additionally, there are no rights to subscribe for new securities in relation to Ageas SA/NV.
The document also outlines the positions of persons acting in concert with Direct Line Insurance Group PLC. It includes details of interests held by the directors of the company and their close relatives, related trusts, and connected advisers. The information encompasses the number of ordinary shares held, percentages of total issued share capital, and any short positions.
Furthermore, the disclosure provides comprehensive details of interests, short positions, and rights to subscribe held by connected advisers and other presumed concert parties of Direct Line Group PLC. This includes the names, number of ordinary shares, and percentages of total issued share capital.
The disclosure concludes with information on indemnity and other dealing arrangements, stating that there are no such agreements, arrangements, or understandings in place.
This disclosure by Direct Line Insurance Group PLC offers transparency regarding its position as an offeree in relation to Ageas SA/NV, in compliance with the Takeover Code. It provides stakeholders and the market with a clear understanding of the company's interests, short positions, and rights to subscribe, as well as the positions of persons acting in concert with the company.