⌘K
t
Barclays Capital Securities Ltd, an exempt principal trader, disclosed its public opening position and dealings in 1p ordinary shares of Dowlais Group PLC on 30 January 2026, relating to an offer also involving Dauch Corporation. Following these dealings, Barclays Capital Securities Ltd held total interests of 53,124,020 shares (4.03%) and total short positions of 53,712,642 shares (4.08%) in Dowlais Group PLC. The firm's dealings on that date included purchasing 2,020,158 shares and selling 222,086 shares, with prices ranging from 0.9309 GBP to 0.9415 GBP.
| Date | 2 Feb 2026 |
| Time | 11:29:53 |
| Category | Holding(s) in company |
| ID | 3393R |
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FORM 8.5 (EPT/NON-RI) |
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PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN |
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EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS |
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(OR WHERE RI STATUS IS NOT APPLICABLE) |
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Rule 8.5 of the Takeover Code (the "Code") |
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1. |
KEY INFORMATION |
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(a) |
Name of exempt principal trader: |
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BARCLAYS CAPITAL SECURITIES LTD |
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(b) |
Name of offeror/offeree in relation to whose |
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DOWLAIS GROUP PLC |
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relevant securities this form relates: |
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(c) |
Name of the party to the offer with which exempt |
DOWLAIS GROUP PLC |
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principal trader is connected |
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(d) |
Date position held/dealing undertaken: |
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30 Jan 2026 |
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(e) |
In addition to the company in 1(b) above, is the exempt principal |
YES: |
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trader making disclosures in respect of any other party to the offer? |
DAUCH CORPORATION |
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2. |
POSITIONS OF THE EXEMPT PRINCIPAL TRADER |
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(a) |
Interests and short positions in the relevant securities of the offeror or offeree |
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to which the disclosure relates following the dealing (if any) |
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Class of relevant security: |
1p ordinary |
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Interests |
Short Positions |
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Number |
(%) |
Number |
(%) |
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(1) |
Relevant securities owned |
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and/or controlled: |
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52,694,561 |
4.00% |
1,473,228 |
0.11% |
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(2) |
Cash-settled derivatives: |
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and/or controlled: |
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429,459 |
0.03% |
52,239,414 |
3.97% |
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(3) |
Stock-settled derivatives (including options) |
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and agreements to purchase/sell: |
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0 |
0.00% |
0 |
0.00% |
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TOTAL: |
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53,124,020 |
4.03% |
53,712,642 |
4.08% |
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(b) |
Rights to subscribe for new securities (including directors and other executive |
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options) |
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Class of relevant security in relation to |
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which subscription right exists |
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Details, including nature of the rights |
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concerned and relevant percentages: |
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3. |
DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER |
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(a) |
Purchases and sales |
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Class of relevant |
Purchase/sale |
Total number of |
Highest price per unit |
Lowest price per unit |
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security |
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securities |
paid/received |
paid/received |
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1p ordinary |
Purchase |
2,020,158 |
0.9415 GBP |
0.9309 GBP |
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1p ordinary |
Sale |
222,086 |
0.9415 GBP |
0.9310 GBP |
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(b) |
Cash-settled derivative transactions |
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Class of |
Product |
Nature of dealing |
Number of |
Price per |
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relevant |
description |
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reference |
unit |
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security |
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securities |
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1p ordinary |
SWAP |
Closing Long |
11,646 |
0.9367 GBP |
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1p ordinary |
SWAP |
Decreasing Short |
178 |
0.9309 GBP |
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1p ordinary |
SWAP |
Decreasing Short |
6,339 |
0.9310 GBP |
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1p ordinary |
SWAP |
Decreasing Short |
87,955 |
0.9340 GBP |
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1p ordinary |
SWAP |
Decreasing Short |
905 |
0.9360 GBP |
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1p ordinary |
SWAP |
Decreasing Short |
20,394 |
0.9372 GBP |
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1p ordinary |
SWAP |
Decreasing Short |
38,726 |
0.9483 GBP |
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1p ordinary |
SWAP |
Increasing Short |
326,194 |
0.9309 GBP |
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1p ordinary |
SWAP |
Increasing Short |
487,632 |
0.9310 GBP |
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1p ordinary |
SWAP |
Increasing Short |
15,288 |
0.9311 GBP |
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1p ordinary |
SWAP |
Increasing Short |
7,000 |
0.9337 GBP |
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1p ordinary |
SWAP |
Increasing Short |
8,127 |
0.9353 GBP |
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1p ordinary |
SWAP |
Increasing Short |
142,265 |
0.9363 GBP |
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1p ordinary |
SWAP |
Increasing Short |
38,757 |
0.9367 GBP |
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1p ordinary |
SWAP |
Increasing Short |
45,002 |
0.9375 GBP |
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1p ordinary |
SWAP |
Increasing Short |
6,301 |
0.9383 GBP |
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1p ordinary |
CFD |
Decreasing Short |
1 |
0.9300 GBP |
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1p ordinary |
CFD |
Increasing Short |
835,500 |
0.9310 GBP |
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(c) |
Stock-settled derivative transactions (including options) |
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(i) |
Writing, selling, purchasing or varying |
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Class |
Product |
Writing, |
Number |
Exercise |
Type |
Expiry |
Option |
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of |
description |
purchasing, |
of |
price |
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date |
money |
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relevant |
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selling, |
securities |
per unit |
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paid/ |
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security |
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varying etc |
to which |
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received |
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option |
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per unit |
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relates |
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(ii) |
Exercising |
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Class of relevant |
Product description |
Exercising/ exercised against |
Number of |
Exercise price per |
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security |
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securities |
unit |
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(d) |
Other dealings (including subscribing for new securities) |
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Class of relevant |
Nature of Dealings |
Details |
Price per unit (if |
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security |
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applicable) |
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4. |
OTHER INFORMATION |
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(a) |
Indemnity and other dealings arrangements |
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Details of any indemnity or option arrangement, or any agreement or understanding, |
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formal or informal, relating to relevant securities which may be an inducement to deal |
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or refrain from dealing entered into by the exempt principal trader making the disclosure and any party |
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to the offer or any person acting in concert with a party to the offer: |
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NONE |
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(b) |
Agreements, arrangements or understandings relating to options or derivatives |
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Details of any agreement, arrangement or understanding, formal or informal, between |
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the exempt principal trader making the disclosure and any other person relating to: |
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(i) the voting rights of any relevant securities under any option; or |
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(ii) the voting rights of future acquisition or disposal of any relevant securities to which |
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any derivative is referenced: |
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NONE |
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(c) |
Attachments |
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Is a Supplemental Form 8 (Open Positions) attached? |
NO |
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Date of disclosure: |
02 Feb 2026 |
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Contact name: |
Large Holdings Regulatory Operations |
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Telephone number: |
020 3134 7213 |
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