Form 8.5 (EPT/NON-RI) - Dowlais Group Replacement

FORM 8.5 (EPT/NON-RI) - Amendment to 3bReplaces 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