RNS Number : 0590Y
Barclays PLC
21 February 2025
 

FORM 8.5 (EPT/NON-RI) - Amendment to 3b
Replaces form Released at 04/02/2025 17:16 RNS Number : 9068V

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:

03 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:

18,777,539

1.40%

2,863,137

0.21%

(2) Cash-settled derivatives:

2,358,260

0.18%

16,933,792

1.26%

(3) Stock-settled derivatives (including options) and agreements to purchase/sell: 

0

0.00%

0

0.00%

 

 TOTAL:

 

21,135,799

1.57%

19,796,929

1.47%

 








(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

931918

0.7000  GBP

0.6854  GBP

1p ordinary

Sale

1034857

0.6995  GBP

0.6855  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

143,222

0.6874  GBP

1p ordinary

SWAP

Decreasing Short

4,863

0.6884  GBP

1p ordinary

SWAP

Decreasing Short

244,961

0.6890  GBP

1p ordinary

SWAP

Decreasing Short

28,624

0.6897  GBP

1p ordinary

SWAP

Decreasing Short

16,198

0.6899  GBP

1p ordinary

SWAP

Decreasing Short

2,947

0.6907  GBP

1p ordinary

SWAP

Decreasing Short

108,490

0.6909  GBP

1p ordinary

SWAP

Decreasing Short

12,128

0.6910  GBP

1p ordinary

SWAP

Decreasing Short

82,147

0.6922  GBP

1p ordinary

SWAP

Decreasing Short

5,750

0.6979  GBP

1p ordinary

SWAP

Decreasing Short

4,394

0.6900  GBP

1p ordinary

SWAP

Increasing Short

236

0.6884  GBP

1p ordinary

SWAP

Increasing Short

61,392

0.6890  GBP

1p ordinary

SWAP

Increasing Short

20,617

0.6892  GBP

1p ordinary

SWAP

Increasing Short

18,040

0.6895  GBP

1p ordinary

SWAP

Increasing Short

545

0.6899  GBP

1p ordinary

SWAP

Increasing Short

45,576

0.6908  GBP

1p ordinary

SWAP

Increasing Short

17,817

0.6912  GBP

1p ordinary

SWAP

Increasing Short

2,875

0.6917  GBP

1p ordinary

SWAP

Increasing Short

15,218

0.6921  GBP

1p ordinary

SWAP

Increasing Short

42,033

0.6926  GBP

1p ordinary

SWAP

Increasing Short

1,238

0.6933  GBP

1p ordinary

SWAP

Increasing Short

5,647

0.6937  GBP

1p ordinary

SWAP

Increasing Short

17,232

0.6944  GBP

1p ordinary

SWAP

Increasing Short

5,842

0.6963  GBP

1p ordinary

SWAP

Increasing Short

8,716

0.6968  GBP

1p ordinary

SWAP

Increasing Short

24,269

0.6988  GBP

1p ordinary

CFD

Increasing Long

12,491

0.6994  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:

21 Feb 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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