Form 8.5 (EPT/NON-RI) - Dowlais Group plc

Barclays PLC

31 January 2025

 

FORM 8.5 (EPT/NON-RI)
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN
EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS
(OR WHERE RI STATUS IS NOT APPLICABLE)
Rule 8.5 of the Takeover Code (the "Code")
1.				KEY INFORMATION
(a)	Name of exempt principal trader:				BARCLAYS CAPITAL SECURITIES LTD
(b)	Name of offeror/offeree in relation to whose				DOWLAIS GROUP PLC
	relevant securities this form relates:
(c)	Name of the party to the offer with which exempt				DOWLAIS GROUP PLC
	principal trader is connected
(d)	Date position held/dealing undertaken:				30 Jan 2025
(e)	In addition to the company in 1(b) above, is the exempt principal				YES:
	trader making disclosures in respect of any other party to the offer?				AMERICAN AXLE & MANUFACTURING HOLDINGS INC
2.				POSITIONS OF THE EXEMPT PRINCIPAL TRADER
(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:				1p ordinary
				Interests		Short Positions
				Number	(%)	Number	(%)
(1)	Relevant securities owned
	and/or controlled:			18,792,566	1.40%	2,172,132	0.16%
(2)	Cash-settled derivatives:
	and/or controlled:			1,608,580	0.12%	17,185,727	1.28%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%
	TOTAL:			20,401,146	1.52%	19,357,859	1.44%
(b)	Rights to subscribe for new securities (including directors and other executive
	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 EXEMPT PRINCIPAL TRADER
(a)	Purchases and sales
Class of relevant		Purchase/sale		Total number of		Highest price per unit	Lowest price per unit
security				securities		paid/received	paid/received
1p ordinary		Purchase		4,547,386		0.7322  GBP	0.7165  GBP
1p ordinary		Sale		1,451,167		0.7355  GBP	0.7165  GBP
(b)	Cash-settled derivative transactions
Class of		Product		Nature of dealing		Number of	Price per
relevant		description				reference	unit
security						securities
1p ordinary		SWAP		Decreasing Short		934	0.7189  GBP
1p ordinary		SWAP		Decreasing Short		9,079	0.7190  GBP
1p ordinary		SWAP		Decreasing Short		78,832	0.7191  GBP
1p ordinary		SWAP		Decreasing Short		63,130	0.7199  GBP
1p ordinary		SWAP		Decreasing Short		10,697	0.7200  GBP
1p ordinary		SWAP		Decreasing Short		134,342	0.7210  GBP
1p ordinary		SWAP		Decreasing Short		64,747	0.7218  GBP
1p ordinary		SWAP		Decreasing Short		11,113	0.7226  GBP
1p ordinary		SWAP		Decreasing Short		5,084	0.7245  GBP
1p ordinary		SWAP		Decreasing Short		28,051	0.7269  GBP
1p ordinary		SWAP		Decreasing Short		24,401	0.7275  GBP
1p ordinary		SWAP		Decreasing Short		1,243	0.7285  GBP
1p ordinary		SWAP		Decreasing Short		22,692	0.7286  GBP
1p ordinary		SWAP		Decreasing Short		1,750	0.7331  GBP
1p ordinary		SWAP		Decreasing Short		952	0.7355  GBP
1p ordinary		SWAP		Increasing Short		11,881	0.7172  GBP
1p ordinary		SWAP		Increasing Short		7,222	0.7185  GBP
1p ordinary		SWAP		Increasing Short		540,871	0.7200  GBP
1p ordinary		SWAP		Increasing Short		84,010	0.7202  GBP
1p ordinary		SWAP		Increasing Short		995	0.7213  GBP
1p ordinary		SWAP		Increasing Short		43,864	0.7214  GBP
1p ordinary		SWAP		Increasing Short		4,930	0.7219  GBP
1p ordinary		SWAP		Increasing Short		216	0.7221  GBP
1p ordinary		SWAP		Increasing Short		124	0.7222  GBP
1p ordinary		SWAP		Increasing Short		1,750	0.7227  GBP
1p ordinary		SWAP		Increasing Short		6,000	0.7228  GBP
1p ordinary		SWAP		Increasing Short		13,867	0.7230  GBP
1p ordinary		SWAP		Increasing Short		218,964	0.7231  GBP
1p ordinary		SWAP		Increasing Short		6,000	0.7232  GBP
1p ordinary		SWAP		Increasing Short		9,147	0.7233  GBP
1p ordinary		SWAP		Increasing Short		56,846	0.7234  GBP
1p ordinary		SWAP		Increasing Short		12,741	0.7236  GBP
1p ordinary		SWAP		Increasing Short		454,240	0.7240  GBP
1p ordinary		SWAP		Increasing Short		4,253	0.7241  GBP
1p ordinary		SWAP		Increasing Short		83,163	0.7244  GBP
1p ordinary		SWAP		Increasing Short		28,838	0.7245  GBP
1p ordinary		SWAP		Increasing Short		136,739	0.7248  GBP
1p ordinary		SWAP		Increasing Short		4,607	0.7254  GBP
1p ordinary		SWAP		Increasing Short		52	0.7256  GBP
1p ordinary		SWAP		Increasing Short		177,903	0.7266  GBP
1p ordinary		SWAP		Increasing Short		30,519	0.7274  GBP
1p ordinary		SWAP		Increasing Short		573,621	0.7286  GBP
1p ordinary		SWAP		Increasing Short		466,886	0.7318  GBP
1p ordinary		SWAP		Increasing Short		84,350	0.7321  GBP
1p ordinary		CFD		Decreasing Long		99,939	0.7200  GBP
1p ordinary		CFD		Decreasing Long		123,538	0.7210  GBP
1p ordinary		CFD		Decreasing Long		19,647	0.7254  GBP
1p ordinary		CFD		Decreasing Long		2,088	0.7315  GBP
(c)	Stock-settled derivative transactions (including options)
(i)	Writing, selling, purchasing or varying
Class	Product	Writing,	Number	Exercise	Type	Expiry	Option
of	description	purchasing,	of	price		date	money
relevant		selling,	securities	per unit			paid/
security		varying etc	to which				received
			option				per unit
			relates
(ii)	Exercising
Class of relevant		Product description		Exercising/ exercised against		Number of	Exercise price per
security						securities	unit
(d)	Other dealings (including subscribing for new securities)
Class of relevant		Nature of Dealings		Details		Price per unit (if
security						applicable)
4.				OTHER INFORMATION
(a)	Indemnity and other dealings 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 exempt principal trader making the disclosure and any party
to the offer or any person acting in concert with a party to the offer:
NONE
(b)	Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between
the exempt principal trader 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 of future acquisition or disposal of any relevant securities to which
any derivative is referenced:
NONE
(c)	Attachments
Is a Supplemental Form 8 (Open Positions) attached?				NO
Date of disclosure:				31 Jan 2025
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

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