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REG - Goldman Sachs & Co. Dowlais Group PLC - Form 8.3 - DOWLAIS GROUP PLC

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RNS Number : 5609R  Goldman Sachs & Co. LLC  03 February 2026

 

FORM 8.3

 

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

Rule 8.3 of the Takeover Code (the "Code")

 

1.         KEY INFORMATION

 

 (a) Full name of discloser:                                                      GOLDMAN SACHS & CO. LLC
 (b) Owner or controller of interests and short positions disclosed, if
 different from 1(a):

      The naming of nominee or vehicle companies is insufficient. For a
 trust, the trustee(s), settlor and beneficiaries must be named.
 (c) Name of offeror/offeree in relation to whose relevant securities this form   DOWLAIS GROUP PLC
 relates:

      Use a separate form for each offeror/offeree
 (d) If an exempt fund manager connected with an offeror/offeree, state this
 and specify identity of offeror/offeree:
 (e) Date position held/dealing undertaken:                                       02 February 2026

      For an opening position disclosure, state the latest practicable date       In addition, Goldman Sachs & CO. LLC has dealt on previous dates during
 prior to the disclosure                                                          the offer period as attached at the end of this form.
 (f)  In addition to the company in 1(c) above, is the discloser making           YES - disclosing today for DAUCH CORPORATION
 disclosures in respect of any other party to the offer?

      If it is a cash offer or possible cash offer, state "N/A"

 

2.         POSITIONS OF THE PERSON MAKING THE DISCLOSURE

 

If there are positions or rights to subscribe to disclose in more than one
class of relevant securities of the offeror or offeree named in 1(c), copy
table 2(a) or (b) (as appropriate) for each additional class of relevant
security.

 

(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:                     0       0.00   0         0.00
 (2) Cash-settled derivatives:                                        0       0.00   4         0.00
 (3) Stock-settled derivatives (including options) and agreements to  0       0.00   0         0.00
 purchase/sell:
                                                                      0       0.00   4         0.00

      TOTAL:

 

 

All interests and all short positions should be disclosed.

 

Details of any open stock-settled derivative positions (including traded
options), or agreements to purchase or sell relevant securities, should be
given on a Supplemental Form 8 (Open Positions).

 

(b)        Rights to subscribe for new securities (including directors'
and other employee 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 PERSON MAKING THE DISCLOSURE

 

Where there have been dealings in more than one class of relevant securities
of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as
appropriate) for each additional class of relevant security dealt in.

 

The currency of all prices and other monetary amounts should be stated.

 

(a)        Purchases and sales

 

 Class of relevant security  Purchase/sale  Number of securities  Price per unit

 1p ordinary                 Purchase       9,627,258             0.9385 GBP
 1p ordinary                 Sale           9,627,258             0.9385 GBP

 

 

 

(b)        Cash-settled derivative transactions

 

 Class of relevant security  Product description  Nature of dealing                                                              Number of reference securities  Price per unit

                             e.g. CFD             e.g. opening/closing a long/short position, increasing/reducing a long/short
                                                  position

 

 

(c)        Stock-settled derivative transactions (including options)

 

(i)         Writing, selling, purchasing or varying

 

 Class of relevant security  Product description e.g. call option  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

                                                                                                                                                                                      e.g. American, European etc.

 

(ii)        Exercise

 

 Class of relevant security  Product description  Exercising / exercised against  Number of securities  Exercise price per unit

                             e.g. call option

 

(d)        Other dealings (including subscribing for new securities)

 

 Class of relevant security  Nature of dealing               Details  Price per unit (if applicable)

                             e.g. subscription, conversion

 

 

4.         OTHER INFORMATION

 

(a)        Indemnity and other dealing 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 person
 making the disclosure and any party to the offer or any person acting in
 concert with a party to the offer:

 Irrevocable commitments and letters of intent should not be included. If there
 are no such agreements, arrangements or understandings, state "none"

 NONE

 

(b)        Agreements, arrangements or understandings relating to
options or derivatives

 

 Details of any agreement, arrangement or understanding, formal or informal,
 between the person 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 or future acquisition or disposal of any relevant
 securities to which any derivative is referenced:

 If there are no such agreements, arrangements or understandings, state "none"

 NONE

 

(c)        Attachments

 

 Is a Supplemental Form 8 (Open Positions) attached?  NO

 

 

 Date of disclosure:  03 February 2026
 Contact name:        Papa Lette and Andrzej Szyszka
 Telephone number*:   +33(1) 4212 1459 / +48(22) 317 4817

 

Public disclosures under Rule 8 of the Code must be made to a Regulatory
Information Service.

The Panel's Market Surveillance Unit is available for consultation in relation
to the Code's disclosure requirements on +44 (0)20 7638 0129.

 

*If the discloser is a natural person, a telephone number does not need to be
included, provided contact information has been provided to the Panel's Market
Surveillance Unit.

 

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk
(http://www.thetakeoverpanel.org.uk) .

 

 

 

 

 

(d)        Purchases and sales

 

 

 Date         Class of relevant security  Purchase/sale  Number of securities                                                              Price per unit

 20 Mar 2025  1p ordinary                 Purchase                                        5,773                                            0.6500 GBP
 20 Mar 2025  1p ordinary                 Sale                                            5,773                                            0.6500 GBP
 21 Mar 2025  1p ordinary                 Purchase                                           591                                           0.6500 GBP
 21 Mar 2025  1p ordinary                 Sale                                               591                                           0.6500 GBP
 24 Apr 2025  1p ordinary                 Purchase                                     21,625                                              0.5360 GBP
 24 Apr 2025  1p ordinary                 Sale                                         21,625                                              0.5360 GBP
 29 Apr 2025  1p ordinary                 Purchase                                        2,222                                            0.5723 GBP
 29 Apr 2025  1p ordinary                 Sale                                            2,222                                            0.5723 GBP
 01 May 2025  1p ordinary                 Purchase                                   258,610                                               0.5825 GBP
 01 May 2025  1p ordinary                 Sale                                       258,610                                               0.5825 GBP
 02 May 2025  1p ordinary                 Purchase                                   258,610                                               0.5996 GBP
 02 May 2025  1p ordinary                 Sale                                       258,610                                               0.5996 GBP
 14 May 2025  1p ordinary                 Purchase                                   176,220                                               0.6812 GBP
 14 May 2025  1p ordinary                 Sale                                       176,220                                               0.6812 GBP
 15 May 2025  1p ordinary                 Purchase                                        1,999                                            0.6717 GBP
 15 May 2025  1p ordinary                 Purchase                                     82,236                                              0.6722 GBP
 15 May 2025  1p ordinary                 Purchase                                     29,859                                              0.6725 GBP
 15 May 2025  1p ordinary                 Sale                                            1,999                                            0.6717 GBP
 15 May 2025  1p ordinary                 Sale                                         82,236                                              0.6722 GBP
 15 May 2025  1p ordinary                 Sale                                         29,859                                              0.6725 GBP
 30 May 2025  1p ordinary                 Purchase                                   291,700                                               0.6655 GBP
 30 May 2025  1p ordinary                 Sale                                       291,700                                               0.6655 GBP
 16 Jun 2025  1p ordinary                 Purchase                                     65,330                                              0.6741 GBP
 16 Jun 2025  1p ordinary                 Sale                                         65,330                                              0.6741 GBP
 01 Aug 2025  1p ordinary                 Purchase                                   263,617                                               0.6964 GBP
 01 Aug 2025  1p ordinary                 Sale                                       263,617                                               0.6964 GBP
 26 Aug 2025  1p ordinary                 Purchase                                     17,819                                              0.7855 GBP
 26 Aug 2025  1p ordinary                 Sale                                         17,819                                              0.7855 GBP
 29 Aug 2025  1p ordinary                 Purchase                                     23,889                                              0.7785 GBP
 29 Aug 2025  1p ordinary                 Sale                                         23,889                                              0.7785 GBP
 03 Sep 2025  1p ordinary                 Purchase                                     10,000                                              0.7900 GBP
 03 Sep 2025  1p ordinary                 Sale                                         10,000                                              0.7900 GBP
 19 Sep 2025  1p ordinary                 Purchase                                        3,677                                            0.8205 GBP
 19 Sep 2025  1p ordinary                 Sale                                            3,677                                            0.8205 GBP
 25 Sep 2025  1p ordinary                 Purchase                                     41,467                                              0.8050 GBP
 25 Sep 2025  1p ordinary                 Sale                                         41,467                                              0.8050 GBP
 30 Sep 2025  1p ordinary                 Purchase                                     22,891                                              0.7990 GBP
 30 Sep 2025  1p ordinary                 Sale                                         22,891                                              0.7990 GBP
 06 Oct 2025  1p ordinary                 Purchase                                           408                                           0.8150 GBP
 06 Oct 2025  1p ordinary                 Sale                                               408                                           0.8150 GBP
 13 Oct 2025  1p ordinary                 Purchase                                     13,142                                              0.7635 GBP
 13 Oct 2025  1p ordinary                 Sale                                         13,142                                              0.7635 GBP
 17 Nov 2025  1p ordinary                 Purchase                                                                                         0.8185 GBP
                                                         3
 17 Nov 2025  1p ordinary                 Sale                                                                                             0.8185 GBP
                                                         3
 19 Nov 2025  1p ordinary                 Purchase                                     39,443                                              0.8225 GBP
 19 Nov 2025  1p ordinary                 Sale                                         39,443                                              0.8225 GBP
 24 Nov 2025  1p ordinary                 Purchase                                   232,459                                               0.8270 GBP
 24 Nov 2025  1p ordinary                 Sale                                       232,459                                               0.8270 GBP
 25 Nov 2025  1p ordinary                 Purchase                                                                                         0.8334 GBP
                                                         7
 25 Nov 2025  1p ordinary                 Sale                                                                                             0.8334 GBP
                                                         7
 19 Dec 2025  1p ordinary                 Purchase                                           455                                           0.8660 GBP
 19 Dec 2025  1p ordinary                 Sale                                               455                                           0.8660 GBP
 19 Jan 2026  1p ordinary                 Purchase                                                                                         0.9250 GBP
                                                         1
 19 Jan 2026  1p ordinary                 Sale                                                                                             0.9250 GBP
                                                         1
 26 Jan 2026  1p ordinary                 Purchase                                   550,000                                               0.9576 GBP
 26 Jan 2026  1p ordinary                 Sale                                       550,000                                               0.9576 GBP

 

 

(b)        Cash-settled derivative transactions

 

 

 Date         Class of relevant security  Product description  Nature of dealing            Number of reference securities  Price per unit

 13 Mar 2025  1p ordinary                 SWAP                 Reducing a short position    53691                           0.8552 USD
 13 Mar 2025  1p ordinary                 SWAP                 Opening a short position     53691                           0.8552 USD
 23 Apr 2025  1p ordinary                 SWAP                 Increasing a short position  25590                           0.6788 USD
 21 May 2025  1p ordinary                 SWAP                 Increasing a short position  9928                            0.8981 USD
 29 May 2025  1p ordinary                 SWAP                 Increasing a short position  24993                           0.8851 USD
 11 Jun 2025  1p ordinary                 SWAP                 Opening a short position     75210                           0.9062 USD
 11 Jun 2025  1p ordinary                 SWAP                 Reducing a short position    75210                           0.9062 USD
 11 Jun 2025  1p ordinary                 SWAP                 Reducing a short position    14513                           0.9081 USD
 20 Jun 2025  1p ordinary                 SWAP                 Increasing a short position  9442                            0.9045 USD
 05 Aug 2025  1p ordinary                 SWAP                 Increasing a short position  4393                            0.9296 USD
 27 Aug 2025  1p ordinary                 SWAP                 Reducing a short position    18849                           1.0519 USD
 09 Sep 2025  1p ordinary                 SWAP                 Reducing a short position    55683                           1.0828 USD
 09 Sep 2025  1p ordinary                 SWAP                 Opening a short position     55683                           1.0828 USD
 12 Sep 2025  1p ordinary                 SWAP                 Reducing a short position    17046                           1.0800 USD
 15 Sep 2025  1p ordinary                 SWAP                 Reducing a short position    10468                           1.0787 USD
 16 Sep 2025  1p ordinary                 SWAP                 Reducing a short position    10384                           1.0961 USD
 18 Sep 2025  1p ordinary                 SWAP                 Reducing a short position    8487                            1.1077 USD
 02 Oct 2025  1p ordinary                 SWAP                 Increasing a short position  5814                            1.0692 USD
 14 Nov 2025  1p ordinary                 SWAP                 Increasing a short position  30759                           1.0800 USD
 01 Dec 2025  1p ordinary                 SWAP                 Reducing a short position    9498                            1.1225 USD
 04 Dec 2025  1p ordinary                 SWAP                 Reducing a short position    36369                           1.1262 USD
 05 Dec 2025  1p ordinary                 SWAP                 Opening a short position     4                               1.1240 USD
 05 Dec 2025  1p ordinary                 SWAP                 Reducing a short position    4                               1.1240 USD
 08 Jan 2026  1p ordinary                 SWAP                 Increasing a short position  1242                            1.1650 USD
 09 Jan 2026  1p ordinary                 SWAP                 Increasing a short position  1223                            1.2181 USD
 16 Jan 2026  1p ordinary                 SWAP                 Reducing a short position    2465                            1.2699 USD

 

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