Exploring Dowlais Group plc's Recent Trading Activities

Public Disclosure by Investec Bank for Dowlais Group plc
The importance of market transparency and integrity is highlighted through public disclosures mandated by the Takeover Code. Recently, a notable event came to light involving Investec Bank plc, acting as an exempt principal trader, conducting trades in connection with Dowlais Group plc. This article aims to shed light on these dealings and their implications.
Key Information Regarding the Trading Activities
Name of Exempt Principal Trader: Investec Bank plc
Company Involved in the Offer: Dowlais Group Plc
These trades are critical as they provide insight into the activities of exempt principal traders who operate under specific regulations. In this case, Investec’s role as the broker for Dowlais Group is particularly relevant.
Details of Trading Dealings by Investec Bank
In terms of purchases, Investec made notable acquisitions of ordinary shares in Dowlais Group. Here’s a brief breakdown of these transactions:
Purchases and Sales Overview
Class of Security: Ordinary shares
The total number of securities purchased amounts to 1,943,282 with the highest price per unit at 74 and the lowest at 72.5. Comparatively, sales of 1,899,381 ordinary shares were recorded, with a highest price of 73.2 and a lowest of 72.8. These figures illustrate active trading and robust engagement with Dowlais Group’s securities.
Derivative Transactions: Insights and Overview
Trading activities often encompass not only direct purchases and sales but also derivative transactions. However, in this instance, there was no engagement in cash-settled or stock-settled derivative transactions reported.
Indemnity and Other Arrangements
Investec Bank's dealings reflect a commitment to adhering to regulatory requirements, ensuring transparency and integrity in their trading practices. There have been no indemnity arrangements indicated, confirming a straightforward approach to these investments.
Final Disclosure Information
Date of disclosure for these trading activities was noted as 18th July. Contact details for inquiries are available through Priyali Bhattacharjee, providing an accessible point for stakeholders seeking additional clarification. The active phone number for contact is +91 9768034903.
Frequently Asked Questions
1. Who is the exempt principal trader in this disclosure?
The exempt principal trader involved is Investec Bank plc.
2. What company is associated with this trading activity?
The trading activity is associated with Dowlais Group plc.
3. How many ordinary shares were purchased by Investec Bank?
Investec Bank purchased a total of 1,943,282 ordinary shares.
4. Were any derivative transactions reported during this period?
No cash-settled or stock-settled derivative transactions were reported.
5. How can one contact for further inquiries regarding this disclosure?
For further inquiries, you can contact Priyali Bhattacharjee at +91 9768034903.
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