Understanding Dowlais Group's Recent Market Activities
Public Disclosure Regarding Dowlais Group's Trading Activity
FORM 8.5 (EPT/RI)
PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY
Rule 8.5 of the Takeover Code
1. KEY INFORMATION
(a) Name of exempt principal trader: Investec Bank plc
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Dowlais Group Plc
(c) Connection of exempt principal trader to the offer: Investec acts as Broker for Dowlais Group Plc
(d) Date of dealing completed: Recent transaction dates are crucial for tracking market behavior.
(e) Additional disclosures: No additional disclosures for other parties related to this offer were made.
2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER
(a) Purchases and Sales Information
Class of relevant security: Ordinary shares
Purchases/Sales: Sales
Total number of securities: 35,507 shares sold
Highest price per unit: 67.2
Lowest price per unit: 66.75
(b) Cash-settled derivative transactions
Class of relevant security: N/A
Product description: N/A
Nature of dealing: N/A
Number of reference securities: N/A
Price per unit: N/A
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying:
Class of relevant security: N/A
Details: N/A
(ii) Exercise Transactions
Class of relevant security: N/A
Exercising against: N/A
Number of securities: N/A
Exercise price per unit: N/A
(d) Other dealings including subscriptions:
Class of relevant security: N/A
Nature of dealing: N/A
Details: N/A
3. OTHER INFORMATION
(a) Indemnity and arrangements: No specific indemnities or arrangements reported.
(b) Agreements related to options or derivatives: None documented.
Date of disclosure: Recent disclosures have shown the growing interest in transparent trading practices.
Contact Information: For inquiries, reach out to Priyali Bhattacharjee at +91-9768034903.
Public disclosures under the Takeover Code must be made to a Regulatory Information Service. For any clarifications regarding disclosure requirements, the Panel’s Market Surveillance Unit is available on +44 (0)20 7638 0129.
For complete insights into the Takeover Code, visit the Panel’s website at www.thetakeoverpanel.org.uk.
Frequently Asked Questions
What is the role of Investec Bank in this context?
Investec Bank operates as a recognized broker for Dowlais Group Plc, facilitating various trades.
What types of securities were disclosed in the trading activity?
The main trading activity mentioned involved ordinary shares of the Dowlais Group Plc.
What was the total number of ordinary shares involved in the recent trades?
A total of 35,507 ordinary shares were sold in the recent transaction.
Who can I contact for more insights regarding these disclosures?
For further information, please contact Priyali Bhattacharjee through the provided telephone number.
Where can I find more information about the Takeover Code?
Visit the Panel’s website for comprehensive details on the Takeover Code and its requirements.
About The Author
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