| 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 Jul 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: |
|
| 52,600,437 | 3.99% | 972,938 | 0.07% |
| (2) | Cash-settled derivatives: |
|
|
|
| ||
|
| and/or controlled: |
|
| 390,731 | 0.03% | 51,617,367 | 3.92% |
| (3) | Stock-settled derivatives (including options) |
|
|
|
| ||
|
| and agreements to purchase/sell: |
|
| 0 | 0.00% | 0 | 0.00% |
|
|
|
|
|
|
|
|
|
|
| TOTAL: |
|
| 52,991,168 | 4.02% | 52,590,305 | 3.99% |
| (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 | 2,949,152 | 0.6880 GBP | 0.6787 GBP | |||
| 1p ordinary | Sale | 4,519,432 | 0.6880 GBP | 0.6787 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 | 524 | 0.6824 GBP | |||
| 1p ordinary | SWAP | Decreasing Short | 2,450,073 | 0.6825 GBP | |||
| 1p ordinary | SWAP | Decreasing Short | 3,707 | 0.6829 GBP | |||
| 1p ordinary | SWAP | Decreasing Short | 3,754 | 0.6830 GBP | |||
| 1p ordinary | SWAP | Decreasing Short | 4,358 | 0.6831 GBP | |||
| 1p ordinary | SWAP | Decreasing Short | 846 | 0.6832 GBP | |||
| 1p ordinary | SWAP | Decreasing Short | 13,291 | 0.6835 GBP | |||
| 1p ordinary | SWAP | Decreasing Short | 22,043 | 0.6879 GBP | |||
| 1p ordinary | SWAP | Decreasing Short | 4,190 | 0.6880 GBP | |||
| 1p ordinary | SWAP | Increasing Short | 3 | 0.6800 GBP | |||
| 1p ordinary | SWAP | Increasing Short | 1,341 | 0.6820 GBP | |||
| 1p ordinary | SWAP | Increasing Short | 1,327 | 0.6835 GBP | |||
| 1p ordinary | SWAP | Increasing Short | 184,338 | 0.6838 GBP | |||
| 1p ordinary | SWAP | Increasing Short | 540 | 0.6840 GBP | |||
| 1p ordinary | SWAP | Increasing Short | 2,367 | 0.6843 GBP | |||
| 1p ordinary | SWAP | Increasing Short | 115,583 | 0.6844 GBP | |||
| 1p ordinary | SWAP | Increasing Short | 12,792 | 0.6845 GBP | |||
| 1p ordinary | SWAP | Increasing Short | 52,229 | 0.6846 GBP | |||
| 1p ordinary | SWAP | Increasing Short | 92,541 | 0.6847 GBP | |||
| 1p ordinary | SWAP | Increasing Short | 116,670 | 0.6848 GBP | |||
| 1p ordinary | SWAP | Increasing Short | 221,392 | 0.6850 GBP | |||
| 1p ordinary | SWAP | Increasing Short | 2,332 | 0.6857 GBP | |||
| 1p ordinary | SWAP | Increasing Short | 381 | 0.6870 GBP | |||
| 1p ordinary | SWAP | Increasing Short | 16,375 | 0.6880 GBP | |||
| 1p ordinary | CFD | Decreasing Short | 26,873 | 0.6879 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 Jul 2025 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
