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

BarclaysAnnouncement

Today 12:00

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RNS Number : 8570X  Barclays PLC  03 September 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:                                                        02 Sep 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:                                                        77,193,000          5.86%                     1,374,540                 0.10%
 (2)              Cash-settled derivatives:
                  and/or controlled:                                                        867,023             0.07%                     76,852,791                5.84%
 (3)              Stock-settled derivatives (including options)
                  and agreements to purchase/sell:                                          0                   0.00%                     0                         0.00%

                  TOTAL:                                                                    78,060,023          5.93%                     78,227,331                5.94%
 (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                                1,839,289                                     0.7983  GBP               0.7707  GBP
 1p ordinary                                        Sale                                    1,043,677                                     0.7995  GBP               0.7731  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                              5,838                     0.7714  GBP
 1p ordinary                                        SWAP                                    Decreasing Short                              1,209                     0.7731  GBP
 1p ordinary                                        SWAP                                    Decreasing Short                              10,114                    0.7732  GBP
 1p ordinary                                        SWAP                                    Decreasing Short                              16,357                    0.7747  GBP
 1p ordinary                                        SWAP                                    Decreasing Short                              54,923                    0.7754  GBP
 1p ordinary                                        SWAP                                    Decreasing Short                              38,704                    0.7768  GBP
 1p ordinary                                        SWAP                                    Decreasing Short                              15,741                    0.7822  GBP
 1p ordinary                                        SWAP                                    Decreasing Short                              130                       0.7846  GBP
 1p ordinary                                        SWAP                                    Decreasing Short                              130                       0.7859  GBP
 1p ordinary                                        SWAP                                    Decreasing Short                              16,999                    0.7884  GBP
 1p ordinary                                        SWAP                                    Decreasing Short                              133,466                   0.7885  GBP
 1p ordinary                                        SWAP                                    Decreasing Short                              70,827                    0.7890  GBP
 1p ordinary                                        SWAP                                    Decreasing Short                              110,079                   0.7919  GBP
 1p ordinary                                        SWAP                                    Decreasing Short                              124,823                   0.7935  GBP
 1p ordinary                                        SWAP                                    Decreasing Short                              8,150                     0.7943  GBP
 1p ordinary                                        SWAP                                    Decreasing Short                              2,873                     0.7952  GBP
 1p ordinary                                        SWAP                                    Decreasing Short                              46,912                    0.7958  GBP
 1p ordinary                                        SWAP                                    Decreasing Short                              940                       0.7960  GBP
 1p ordinary                                        SWAP                                    Decreasing Short                              44,198                    0.7962  GBP
 1p ordinary                                        SWAP                                    Increasing Short                              4,795                     0.7707  GBP
 1p ordinary                                        SWAP                                    Increasing Short                              3,538                     0.7710  GBP
 1p ordinary                                        SWAP                                    Increasing Short                              11,697                    0.7712  GBP
 1p ordinary                                        SWAP                                    Increasing Short                              150,000                   0.7727  GBP
 1p ordinary                                        SWAP                                    Increasing Short                              4,114                     0.7755  GBP
 1p ordinary                                        SWAP                                    Increasing Short                              1,337                     0.7759  GBP
 1p ordinary                                        SWAP                                    Increasing Short                              14,391                    0.7767  GBP
 1p ordinary                                        SWAP                                    Increasing Short                              1,636                     0.7786  GBP
 1p ordinary                                        SWAP                                    Increasing Short                              6,672                     0.7804  GBP
 1p ordinary                                        SWAP                                    Increasing Short                              4,550                     0.7881  GBP
 1p ordinary                                        SWAP                                    Increasing Short                              234,255                   0.7885  GBP
 1p ordinary                                        SWAP                                    Increasing Short                              4,676                     0.7940  GBP
 1p ordinary                                        SWAP                                    Increasing Short                              716                       0.7974  GBP
 1p ordinary                                        SWAP                                    Increasing Short                              28,957                    0.7976  GBP
 1p ordinary                                        SWAP                                    Increasing Short                              33,694                    0.7981  GBP
 1p ordinary                                        SWAP                                    Increasing Short                              32,556                    0.7982  GBP
 1p ordinary                                        SWAP                                    Increasing Short                              1,000,000                 0.7983  GBP
 1p ordinary                                        CFD                                     Decreasing Short                              13,362                    0.7884  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:                                                                        03 Sep 2025
 Contact name:                                                                              Large Holdings Regulatory Operations
 Telephone number:                                                                          020 3134 7213

 

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