RNS Number : 7243X
Barclays PLC
19 February 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:

 

18 Feb 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:

 

 

22,874,559

1.70%

3,764,484

0.28%

(2)

Cash-settled derivatives:

 

 

 

 

 

and/or controlled:

 

 

3,217,151

0.24%

21,682,194

1.61%

(3)

Stock-settled derivatives (including options)

 

 

 

 

 

and agreements to purchase/sell:

 

 

0

0.00%

0

0.00%

 

 

 

 

 

 

 

 

 

TOTAL:

 

 

26,091,710

1.94%

25,446,678

1.89%

(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

2,358,806

0.7255  GBP

0.6882  GBP

1p ordinary

Sale

1,294,050

0.7255  GBP

0.6805  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

126,544

0.6835  GBP

1p ordinary

SWAP

Decreasing Short

6,687

0.6851  GBP

1p ordinary

SWAP

Decreasing Short

1,956

0.6879  GBP

1p ordinary

SWAP

Decreasing Short

28,893

0.6884  GBP

1p ordinary

SWAP

Decreasing Short

1,915

0.6912  GBP

1p ordinary

SWAP

Decreasing Short

6,252

0.6934  GBP

1p ordinary

SWAP

Decreasing Short

3,475

0.6938  GBP

1p ordinary

SWAP

Decreasing Short

2,610

0.6952  GBP

1p ordinary

SWAP

Decreasing Short

1,813

0.7003  GBP

1p ordinary

SWAP

Decreasing Short

4,216

0.7053  GBP

1p ordinary

SWAP

Decreasing Short

81,349

0.7072  GBP

1p ordinary

SWAP

Decreasing Short

3,750

0.7147  GBP

1p ordinary

SWAP

Decreasing Short

19,375

0.7251  GBP

1p ordinary

SWAP

Decreasing Short

128,023

0.7254  GBP

1p ordinary

SWAP

Decreasing Short

93,741

0.7255  GBP

1p ordinary

SWAP

Increasing Short

44,905

0.6882  GBP

1p ordinary

SWAP

Increasing Short

1,117

0.6884  GBP

1p ordinary

SWAP

Increasing Short

1

0.6920  GBP

1p ordinary

SWAP

Increasing Short

4,847

0.6943  GBP

1p ordinary

SWAP

Increasing Short

122,945

0.6946  GBP

1p ordinary

SWAP

Increasing Short

2

0.6957  GBP

1p ordinary

SWAP

Increasing Short

332,690

0.6970  GBP

1p ordinary

SWAP

Increasing Short

1,250

0.6992  GBP

1p ordinary

SWAP

Increasing Short

137,577

0.6999  GBP

1p ordinary

SWAP

Increasing Short

4,815

0.7017  GBP

1p ordinary

SWAP

Increasing Short

6,999

0.7022  GBP

1p ordinary

SWAP

Increasing Short

356

0.7030  GBP

1p ordinary

SWAP

Increasing Short

26,533

0.7032  GBP

1p ordinary

SWAP

Increasing Short

43,488

0.7034  GBP

1p ordinary

SWAP

Increasing Short

64,037

0.7041  GBP

1p ordinary

SWAP

Increasing Short

46,233

0.7051  GBP

1p ordinary

SWAP

Increasing Short

9,770

0.7058  GBP

1p ordinary

SWAP

Increasing Short

1,182,929

0.7059  GBP

1p ordinary

SWAP

Increasing Short

16,363

0.7074  GBP

1p ordinary

SWAP

Increasing Short

100,117

0.7087  GBP

1p ordinary

SWAP

Increasing Short

52,831

0.7107  GBP

1p ordinary

SWAP

Increasing Short

10,892

0.7122  GBP

1p ordinary

SWAP

Increasing Short

2,150

0.7232  GBP

1p ordinary

SWAP

Increasing Short

71,637

0.7255  GBP

1p ordinary

CFD

Decreasing Short

8,462

0.7254  GBP

1p ordinary

CFD

Decreasing Short

208,512

0.7255  GBP

1p ordinary

CFD

Increasing Short

5,448

0.7036  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:

19 Feb 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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