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.
