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

FORM 8.5 (EPT/NON-RI) - Amendment to 2a, 3a and 3bReplaces form Released at 27/02/2025 08:35 RNS Number : 6990Y

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:

26 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:

26,188,805

1.95%

4,265,717

0.32%

(2) Cash-settled derivatives:

3,652,045

0.27%

25,198,754

1.87%

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

0

0.00%

0

0.00%

TOTAL: 

29,840,850

2.21%

29,464,471

2.19%

(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

1332124

0.7303 GBP

0.7135 GBP

1p ordinary

Sale

1932112

0.7295 GBP

0.7140 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

474,492

0.7164 GBP

1p ordinary

SWAP

Decreasing Short

31,986

0.7181 GBP

1p ordinary

SWAP

Decreasing Short

5,927

0.7183 GBP

1p ordinary

SWAP

Decreasing Short

11,066

0.7188 GBP

1p ordinary

SWAP

Decreasing Short

631

0.7189 GBP

1p ordinary

SWAP

Decreasing Short

2,549

0.7195 GBP

1p ordinary

SWAP

Decreasing Short

36,230

0.7196 GBP

1p ordinary

SWAP

Decreasing Short

135,379

0.7201 GBP

1p ordinary

SWAP

Decreasing Short

16,928

0.7211 GBP

1p ordinary

SWAP

Decreasing Short

13,119

0.7215 GBP

1p ordinary

SWAP

Decreasing Short

13,796

0.7229 GBP

1p ordinary

SWAP

Decreasing Short

65,736

0.7230 GBP

1p ordinary

SWAP

Decreasing Short

4,284

0.7246 GBP

1p ordinary

SWAP

Decreasing Short

12,000

0.7263 GBP

1p ordinary

SWAP

Decreasing Short

1,000,000

0.7212 GBP

1p ordinary

SWAP

Increasing Short

1,093

0.7137 GBP

1p ordinary

SWAP

Increasing Short

37

0.7140 GBP

1p ordinary

SWAP

Increasing Short

44,173

0.7148 GBP

1p ordinary

SWAP

Increasing Short

3,520

0.7176 GBP

1p ordinary

SWAP

Increasing Short

2,240

0.7185 GBP

1p ordinary

SWAP

Increasing Short

92,493

0.7205 GBP

1p ordinary

SWAP

Increasing Short

166,856

0.7207 GBP

1p ordinary

SWAP

Increasing Short

33,485

0.7210 GBP

1p ordinary

SWAP

Increasing Short

402,694

0.7211 GBP

1p ordinary

SWAP

Increasing Short

1,747

0.7218 GBP

1p ordinary

SWAP

Increasing Short

3,017

0.7228 GBP

1p ordinary

SWAP

Increasing Short

247,121

0.7230 GBP

1p ordinary

SWAP

Increasing Short

34,450

0.7243 GBP

1p ordinary

SWAP

Increasing Short

35,450

0.7253 GBP

1p ordinary

SWAP

Increasing Short

3,903

0.7279 GBP

1p ordinary

SWAP

Increasing Short

960

0.7283 GBP

1p ordinary

SWAP

Increasing Short

159,117

0.7303 GBP

1p ordinary

CFD

Decreasing Short

8,221

0.7229 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:

28 Feb 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213