Dowlais Group and Investec: Key Trading Debrief and Insights
Overview of Public Dealing Disclosure
This document outlines the details of public dealing disclosure specifically by an exempt principal trader possessing recognized intermediary status, as specified under Rule 8.5 of the Takeover Code. The aim is to maintain transparency in the dealings concerning client-serving activities, ultimately benefiting all stakeholders involved.
Key Information at a Glance
The essential data regarding the exempt principal trader associated with Dowlais Group plc includes:
- Name of exempt principal trader: Investec Bank plc
- Offeror/Offeree: Dowlais Group Plc
- Connected Party: Investec serves as Broker to Dowlais Group Plc
- Date of Trading Activity: Date of dealing indicated is March 17, 2025.
- Other Parties Involved: No additional parties included in disclosures.
Details of Deals by the Exempt Principal Trader
It's crucial to understand the nature and extent of dealings associated with relevant securities. The table below presents important aspects concerning both purchases and sales of ordinary shares:
| Class of Security | Action: Purchases/Sales | Total Number of Securities | Highest Price per Unit | Lowest Price per Unit |
|---|---|---|---|---|
| Ordinary Shares | Purchases | 1,245,109 | 64.7 | 64.3 |
| Ordinary Shares | Sales | 1,245,109 | 64.85 | 64.4 |
Cash-settled and Stock-settled Derivatives
In this section, we review transactions related to cash-settled derivatives and stock-settled derivatives. It's noted that currently there are no activities recorded for these transactions:
| Class of Security | Product Description | Type of Deal | Number of Reference Securities | Price per Unit |
|---|---|---|---|---|
| N/A | N/A | N/A | N/A | N/A |
Additional Dealings
We also examined other types of transactions, including those involving subscriptions for new securities, and found similar non-activity:
| Class of Security | Nature of Dealing | Price per Unit |
|---|---|---|
| N/A | N/A | N/A |
Further Information
The document also elaborated on any indemnity arrangements or agreements related to the disclosure, concluding that there are no such agreements in place that influence trading dynamics. Transparency is paramount in these discussions as it builds trust between traders and stakeholders.
Details regarding any options or derivatives were also factored in, and again, it was stated that none exist between the exempt principal trader and any other party concerning voting rights or ownership within relevant securities.
Contact Information for Queries
All inquiries concerning these disclosures can be directed to:
- Contact Name: Priyali Bhattacharjee
- Telephone: +91 9768034903
Frequently Asked Questions
What is the significance of the Rule 8.5 disclosure?
This rule ensures transparency in the dealings of exempt principal traders, thereby protecting the interests of investors and maintaining market integrity.
What entities are involved in the disclosure?
Investec Bank plc is the exempt principal trader, with Dowlais Group Plc as the associated offeror.
What are ordinary shares?
Ordinary shares represent ownership in a company and entitle shareholders to dividends and voting rights in corporate matters.
Who can benefit from these disclosures?
Investors and stakeholders can benefit from the transparency, allowing them to make informed decisions based on the trading activities disclosed.
How often are these disclosures required?
Disclosures under the Takeover Code are required every time a significant trading transaction occurs, ensuring ongoing transparency in the market.
About The Author
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