REG - Barclays PLC Dowlais Group PLC - Form 8.5 EPT/Non RI DOWLAIS GROUP PLC

BarclaysAnnouncement

Today 11:30

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RNS Number : 0777H  Barclays PLC  01 May 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 Apr 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:                                                        44,194,874          3.29%                     2,353,708                 0.18%
 (2)              Cash-settled derivatives:
                  and/or controlled:                                                        947,740             0.07%                     43,340,727                3.22%
 (3)              Stock-settled derivatives (including options)
                  and agreements to purchase/sell:                                          0                   0.00%                     0                         0.00%

                  TOTAL:                                                                    45,142,614          3.36%                     45,694,435                3.40%
 (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                                1,312,391                                     0.5805  GBP               0.5745  GBP
 1p ordinary                                        Sale                                    1,818,215                                     0.5805  GBP               0.5594  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                              3,337                     0.5594  GBP
 1p ordinary                                        SWAP                                    Decreasing Short                              354                       0.5714  GBP
 1p ordinary                                        SWAP                                    Decreasing Short                              110,441                   0.5732  GBP
 1p ordinary                                        SWAP                                    Decreasing Short                              114,250                   0.5741  GBP
 1p ordinary                                        SWAP                                    Decreasing Short                              267,173                   0.5748  GBP
 1p ordinary                                        SWAP                                    Decreasing Short                              41,555                    0.5751  GBP
 1p ordinary                                        SWAP                                    Decreasing Short                              11,189                    0.5753  GBP
 1p ordinary                                        SWAP                                    Decreasing Short                              6,965                     0.5760  GBP
 1p ordinary                                        SWAP                                    Decreasing Short                              172,254                   0.5774  GBP
 1p ordinary                                        SWAP                                    Decreasing Short                              334,835                   0.5775  GBP
 1p ordinary                                        SWAP                                    Decreasing Short                              433                       0.5779  GBP
 1p ordinary                                        SWAP                                    Decreasing Short                              5,635                     0.5784  GBP
 1p ordinary                                        SWAP                                    Decreasing Short                              6,030                     0.5790  GBP
 1p ordinary                                        SWAP                                    Decreasing Short                              6,814                     0.5798  GBP
 1p ordinary                                        SWAP                                    Increasing Short                              121                       0.5595  GBP
 1p ordinary                                        SWAP                                    Increasing Short                              300                       0.5745  GBP
 1p ordinary                                        SWAP                                    Increasing Short                              2,662                     0.5749  GBP
 1p ordinary                                        SWAP                                    Increasing Short                              752                       0.5760  GBP
 1p ordinary                                        SWAP                                    Increasing Short                              8,082                     0.5765  GBP
 1p ordinary                                        SWAP                                    Increasing Short                              3,390                     0.5768  GBP
 1p ordinary                                        SWAP                                    Increasing Short                              22,125                    0.5769  GBP
 1p ordinary                                        SWAP                                    Increasing Short                              8,297                     0.5772  GBP
 1p ordinary                                        SWAP                                    Increasing Short                              7,556                     0.5773  GBP
 1p ordinary                                        SWAP                                    Increasing Short                              348,106                   0.5775  GBP
 1p ordinary                                        SWAP                                    Increasing Short                              215,783                   0.5776  GBP
 1p ordinary                                        SWAP                                    Increasing Short                              64,913                    0.5779  GBP
 1p ordinary                                        CFD                                     Increasing Long                               31,395                    0.5773  GBP
 1p ordinary                                        CFD                                     Decreasing Long                               57,762                    0.5775  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:                                                                        01 May 2025
 Contact name:                                                                              Large Holdings Regulatory Operations
 Telephone number:                                                                          020 3134 7213

 

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