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

Barclays PLC

28 February 2025

 

FORM 8.5 (EPT/NON-RI) - Amendment to 2a, 3a and 3b Replaces form Released at 27/02/2025 08:35 RNS Number : 6990Y
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  relevant securities this form relates:			DOWLAIS GROUP PLC
(c)	Name of the party to the offer with which exempt  principal trader is connected			DOWLAIS GROUP PLC
(d)	Date position held/dealing undertaken:			26 Feb 2025
(e)	In addition to the company in 1(b) above, is the exempt principal  trader making disclosures in respect of any other party to the offer?			YES:  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:				26,188,805	1.95%	4,265,717	0.32%
(2) Cash-settled derivatives:				3,652,045	0.27%	25,198,754	1.87%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				29,840,850	2.21%	29,464,471	2.19%
(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)	Purchase and sales
Class of relevant  security	Purchase/sale	Total number of  securities	Highest price per unit  paid/received	Lowest price per unit  paid/received
1p ordinary	Purchase	1332124	0.7303  GBP	0.7135  GBP
1p ordinary	Sale	1932112	0.7295  GBP	0.7140  GBP
(b)	Cash-settled derivative transactions
Class of  relevant  security	Product  description	Nature of dealing	Number of  reference  securities	Price per  unit
1p ordinary	SWAP	Decreasing Short	474,492	0.7164  GBP
1p ordinary	SWAP	Decreasing Short	31,986	0.7181  GBP
1p ordinary	SWAP	Decreasing Short	5,927	0.7183  GBP
1p ordinary	SWAP	Decreasing Short	11,066	0.7188  GBP
1p ordinary	SWAP	Decreasing Short	631	0.7189  GBP
1p ordinary	SWAP	Decreasing Short	2,549	0.7195  GBP
1p ordinary	SWAP	Decreasing Short	36,230	0.7196  GBP
1p ordinary	SWAP	Decreasing Short	135,379	0.7201  GBP
1p ordinary	SWAP	Decreasing Short	16,928	0.7211  GBP
1p ordinary	SWAP	Decreasing Short	13,119	0.7215  GBP
1p ordinary	SWAP	Decreasing Short	13,796	0.7229  GBP
1p ordinary	SWAP	Decreasing Short	65,736	0.7230  GBP
1p ordinary	SWAP	Decreasing Short	4,284	0.7246  GBP
1p ordinary	SWAP	Decreasing Short	12,000	0.7263  GBP
1p ordinary	SWAP	Decreasing Short	1,000,000	0.7212  GBP
1p ordinary	SWAP	Increasing Short	1,093	0.7137  GBP
1p ordinary	SWAP	Increasing Short	37	0.7140  GBP
1p ordinary	SWAP	Increasing Short	44,173	0.7148  GBP
1p ordinary	SWAP	Increasing Short	3,520	0.7176  GBP
1p ordinary	SWAP	Increasing Short	2,240	0.7185  GBP
1p ordinary	SWAP	Increasing Short	92,493	0.7205  GBP
1p ordinary	SWAP	Increasing Short	166,856	0.7207  GBP
1p ordinary	SWAP	Increasing Short	33,485	0.7210  GBP
1p ordinary	SWAP	Increasing Short	402,694	0.7211  GBP
1p ordinary	SWAP	Increasing Short	1,747	0.7218  GBP
1p ordinary	SWAP	Increasing Short	3,017	0.7228  GBP
1p ordinary	SWAP	Increasing Short	247,121	0.7230  GBP
1p ordinary	SWAP	Increasing Short	34,450	0.7243  GBP
1p ordinary	SWAP	Increasing Short	35,450	0.7253  GBP
1p ordinary	SWAP	Increasing Short	3,903	0.7279  GBP
1p ordinary	SWAP	Increasing Short	960	0.7283  GBP
1p ordinary	SWAP	Increasing Short	159,117	0.7303  GBP
1p ordinary	CFD	Decreasing Short	8,221	0.7229  GBP
(c)	Stock-settled derivative transactions  (including options)
(i)	Writing, selling, purchasing or varying
Class  of  relevant  security	Product  description	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
(ii)	Exercising
Class of relevant  security	Product description	Exercising/ exercised against	Number of  securities	Exercise price per  unit
(d)	Other dealings (including subscribing for new securities)
Class of relevant  security	Nature of Dealings	Details	Price per unit (if  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:				28 Feb 2025
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

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