Form 8.5 (EPT/NON-RI) DOWLAIS GROUP PLC Replace

FORM 8.5 (EPT/NON-RI) 2A and 3A

Replaces form Released at 06/02/2025 15:06 RNS Number : 2331W

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:

05 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:

20,658,350

1.53%

3,731,678

0.28%

(2) Cash-settled derivatives:

3,286,155

0.24%

17,645,479

1.31%

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

0

0.00%

0

0.00%

TOTAL: 

23,944,505

1.77%

21,377,157

1.59%

(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

2000027

0.6955 GBP

0.6875 GBP

1p ordinary

Sale

1709173

0.6949 GBP

0.6873 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

288,454

0.6873 GBP

1p ordinary

SWAP

Decreasing Short

145,844

0.6874 GBP

1p ordinary

SWAP

Decreasing Short

132

0.6875 GBP

1p ordinary

SWAP

Decreasing Short

403

0.6900 GBP

1p ordinary

SWAP

Decreasing Short

6,127

0.6913 GBP

1p ordinary

SWAP

Decreasing Short

1,070

0.6917 GBP

1p ordinary

SWAP

Decreasing Short

97,616

0.6927 GBP

1p ordinary

SWAP

Decreasing Short

63,925

0.6928 GBP

1p ordinary

SWAP

Decreasing Short

7,741

0.6933 GBP

1p ordinary

SWAP

Decreasing Short

18,419

0.6938 GBP

1p ordinary

SWAP

Decreasing Short

3,851

0.6939 GBP

1p ordinary

SWAP

Decreasing Short

4,775

0.6940 GBP

1p ordinary

SWAP

Decreasing Short

700,066

0.6943 GBP

1p ordinary

SWAP

Decreasing Short

81,302

0.6947 GBP

1p ordinary

SWAP

Increasing Short

216,695

0.6875 GBP

1p ordinary

SWAP

Increasing Short

37,582

0.6891 GBP

1p ordinary

SWAP

Increasing Short

2,000

0.6899 GBP

1p ordinary

SWAP

Increasing Short

1

0.6900 GBP

1p ordinary

SWAP

Increasing Short

72,622

0.6906 GBP

1p ordinary

SWAP

Increasing Short

17,817

0.6915 GBP

1p ordinary

SWAP

Increasing Short

6,755

0.6917 GBP

1p ordinary

SWAP

Increasing Short

265

0.6920 GBP

1p ordinary

SWAP

Increasing Short

2

0.6922 GBP

1p ordinary

SWAP

Increasing Short

5,785

0.6925 GBP

1p ordinary

SWAP

Increasing Short

13,400

0.6927 GBP

1p ordinary

SWAP

Increasing Short

72,119

0.6928 GBP

1p ordinary

SWAP

Increasing Short

690

0.6938 GBP

1p ordinary

SWAP

Increasing Short

18,420

0.6942 GBP

1p ordinary

SWAP

Increasing Short

15,993

0.6946 GBP

1p ordinary

SWAP

Increasing Short

5,133

0.6951 GBP

1p ordinary

SWAP

Increasing Short

12,948

0.6953 GBP

1p ordinary

SWAP

Increasing Short

4,675

0.6955 GBP

1p ordinary

CFD

Opening Short

140,759

0.6875 GBP

1p ordinary

CFD

Increasing Short

62,375

0.6879 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:

13 Feb 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213