RNS Number : 5284E
Barclays PLC
10 April 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:

 

09 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:

 

 

41,933,154

3.12%

2,692,417

0.20%

(2)

Cash-settled derivatives:

 

 

 

 

 

and/or controlled:

 

 

1,069,855

0.08%

40,288,286

3.00%

(3)

Stock-settled derivatives (including options)

 

 

 

 

 

and agreements to purchase/sell:

 

 

0

0.00%

0

0.00%

 

 

 

 

 

 

 

 

 

TOTAL:

 

 

43,003,009

3.20%

42,980,703

3.20%

(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

2,094,698

0.5140  GBP

0.4852  GBP

1p ordinary

Sale

830,615

0.5140  GBP

0.4850  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

1,559

0.4955  GBP

1p ordinary

SWAP

Decreasing Short

20,717

0.4960  GBP

1p ordinary

SWAP

Decreasing Short

7,629

0.4971  GBP

1p ordinary

SWAP

Decreasing Short

109,391

0.4991  GBP

1p ordinary

SWAP

Decreasing Short

6,208

0.4998  GBP

1p ordinary

SWAP

Decreasing Short

24,166

0.5008  GBP

1p ordinary

SWAP

Decreasing Short

41,643

0.5033  GBP

1p ordinary

SWAP

Decreasing Short

10,626

0.5036  GBP

1p ordinary

SWAP

Decreasing Short

51,727

0.5043  GBP

1p ordinary

SWAP

Decreasing Short

28,667

0.5044  GBP

1p ordinary

SWAP

Decreasing Short

1,386

0.5050  GBP

1p ordinary

SWAP

Decreasing Short

12,701

0.5053  GBP

1p ordinary

SWAP

Decreasing Short

10,972

0.5059  GBP

1p ordinary

SWAP

Decreasing Short

1,439

0.5060  GBP

1p ordinary

SWAP

Decreasing Short

8,886

0.5062  GBP

1p ordinary

SWAP

Increasing Short

7,135

0.4884  GBP

1p ordinary

SWAP

Increasing Short

432,048

0.4903  GBP

1p ordinary

SWAP

Increasing Short

5,194

0.4921  GBP

1p ordinary

SWAP

Increasing Short

13,780

0.4935  GBP

1p ordinary

SWAP

Increasing Short

55,641

0.4963  GBP

1p ordinary

SWAP

Increasing Short

92,260

0.4973  GBP

1p ordinary

SWAP

Increasing Short

7,027

0.4985  GBP

1p ordinary

SWAP

Increasing Short

6,614

0.5002  GBP

1p ordinary

SWAP

Increasing Short

17,695

0.5007  GBP

1p ordinary

SWAP

Increasing Short

385

0.5010  GBP

1p ordinary

SWAP

Increasing Short

2,500

0.5015  GBP

1p ordinary

SWAP

Increasing Short

343,618

0.5017  GBP

1p ordinary

SWAP

Increasing Short

159,278

0.5031  GBP

1p ordinary

SWAP

Increasing Short

331,151

0.5034  GBP

1p ordinary

SWAP

Increasing Short

3,933

0.5036  GBP

1p ordinary

SWAP

Increasing Short

17,237

0.5050  GBP

1p ordinary

SWAP

Increasing Short

106,967

0.5060  GBP

1p ordinary

CFD

Decreasing Short

18,878

0.5080  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:

10 Apr 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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