Understanding the Disclosure Guidelines for Principal Traders

Author: Owen Jenkins Updated: 04-29-2025 04:00 AM

Key Information on Public Dealing Disclosure

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 (the “Code”)

Main Disclosure Details

1. Key Information

(a) Name of exempt principal trader: Investec Bank plc

(b) Name of offeror/offeree: Dowlais Group Plc

(c) Connection to the offer: Investec is Broker to Dowlais Group Plc

(d) Date of deeming: Ongoing dealings provide insights into the trading activities.

(e) Additional disclosures: N/A

Dealings by the Exempt Principal Trader

2. Transactions Overview

Details of dealings involving various relevant securities will typically illustrate the trading spectrum.

(a) Purchases and sales

Class of relevant security: Ordinary shares

Purchases: 1,846,358 shares at a highest price of 57.5 and a lowest price of 56.1

Sales: 1,831,208 shares at a highest price of 58 and a lowest price of 56.1

Cash Settlements and Derivative Transactions

(b) Cash-settled derivative transactions

Cash-flow options may provide insight into future transactions but need proper documentation.

(c) Stock-settled derivative transactions (options)

(i) Writing, selling, and purchasing details: N/A

(ii) Exercise details: N/A

(d) Other dealings: N/A

Further Information Regarding Trading Activities

3. Other Relevant Information

(a) Indemnity and arrangements: No relevant agreements are noted that would impact the dealings.

(b) Agreements relating to options: None noted.

Date of disclosure: As reported going forward, no incidents have altered financial expectations.

Contact name: Abhishek Gawde

Telephone number: +91 9923757332

Public disclosures under Rule 8 of the Code must reach a Regulatory Information Service for adherence.

Consultation for the Code’s disclosure requirements can be obtained from the Panel’s Market Surveillance Unit.

Frequently Asked Questions

What is the purpose of the Form 8.5 disclosure?

The Form 8.5 disclosure aims to maintain transparency in dealings by exempt principal traders, keeping the market informed of significant transactions.

Who is involved in these disclosures?

The disclosures involve exempt principal traders and their connections to entities involved in securities, ensuring all relevant stakeholders are accounted for.

What types of transactions are reported?

Transactions reported include purchases, sales, cash-settled derivatives, and stock-settled derivative activities, providing a comprehensive view of trading actions.

Why are trading ranges reported?

Trading ranges, including highest and lowest prices, are reported to reflect the volatility and value assessments relevant to the securities involved.

How can I get more information on the Takeover Code?

More information can be obtained by contacting the Panel’s Market Surveillance Unit or visiting their official website for details on the Code.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

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