Direct Line Insurance Group PLC has disclosed its position in relation to an offer, as per the Takeover Code. The company has revealed that it holds no interests or short positions in the relevant securities of the offeror or offeree. Additionally, it has provided details of the interests held by the directors of Direct Line Insurance Group PLC and their close relatives and related trusts, including the number of ordinary shares and the percentage of total issued share capital. The disclosed information also includes the details of interests held as options or awards under the share plans of Direct Line Insurance Group PLC by the directors and their close relatives and related trusts.
The disclosure indicates that the company is the offeree and is making disclosures in respect of another party to the offer, Ageas SA/NV. The information provided adheres to the requirements of the Takeover Code, including the full name of the discloser, the date position held, and the positions of the party to the offer making the disclosure. It also includes details of any open stock-settled derivative positions, agreements to purchase or sell relevant securities, and securities borrowing and lending positions or financial collateral arrangements.
This comprehensive disclosure provides transparency regarding the company's positions and interests in relevant securities, ensuring compliance with the regulatory requirements of the Takeover Code.