REG - BNP Paribas London Dowlais Group PLC - Form 8.3 - Dowlais Group plc

London Stock Exchange
2025.09.11 11:53
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BNP Paribas disclosed its position regarding Dowlais Group plc under Rule 8.3 of the Takeover Code. As of September 10, 2025, BNP Paribas holds 41,204,140 shares (3.13%) and has short positions totaling 1,122,838 shares (-0.08%). The disclosure includes details of various purchases and sales of shares, as well as cash-settled derivatives. The report indicates ongoing dealings and positions in relation to Dowlais Group and American Axle and Manufacturing Holdings, Inc.

RNS Number : 0070Z BNP Paribas London 11 September 2025

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

Rule 8.3 of the Takeover Code (the "Code")

1. KEY INFORMATION

(a) Full name of discloser:

BNP Paribas SA

(b) Owner or controller of interests and short positions disclosed, if different from 1(a):

The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.

(c) Name of offeror/offeree in relation to whose relevant securities this form relates:

Use a separate form for each offeror/offeree

Dowlais Group plc

(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:

(e) Date position held/dealing undertaken:

For an opening position disclosure, state the latest practicable date prior to the disclosure

10/09/2025

(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?

If it is a cash offer or possible cash offer, state "N/A"

Yes

If YES, specify which:

American Axle and Manufacturing Holdings, Inc.

2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security:

GB00BMWRZ071 (1p ordinary)

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

41,204,140

3.1294

-1,122,838

-0.0853

(2) Cash-settled derivatives:

673,049

0.0511

-13,960,662

-1.0603

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

0

+0

TOTAL:

41,877,189

3.1806

-15,083,500

-1.1456

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors' and other employee options)

  • Class of relevant security in relation to which subscription right exists:
  • Details, including nature of the rights concerned and relevant percentages:

3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a) Purchases and sales

Class of relevant security

Purchase/sale

Number of securities

Price per unit

GB00BMWRZ071

Purchase

328

.7930 GBP

GB00BMWRZ071

Purchase

522

.7975 GBP

GB00BMWRZ071

Purchase

587

.7975 GBP

GB00BMWRZ071

Purchase

746

.7975 GBP

GB00BMWRZ071

Purchase

1,000

.7980 GBP

GB00BMWRZ071

Purchase

1,255

.7960 GBP

GB00BMWRZ071

Purchase

1,458

.7930 GBP

GB00BMWRZ071

Purchase

1,644

.7950 GBP

GB00BMWRZ071

Purchase

1,669

.7975 GBP

GB00BMWRZ071

Purchase

1,767

.7955 GBP

GB00BMWRZ071

Purchase

1,865

.7930 GBP

GB00BMWRZ071

Purchase

2,940

.7995 GBP

GB00BMWRZ071

Purchase

3,251

.7940 GBP

GB00BMWRZ071

Purchase

3,281

.7930 GBP

GB00BMWRZ071

Purchase

3,349

.7935 GBP

GB00BMWRZ071

Purchase

3,431

.7930 GBP

GB00BMWRZ071

Purchase

3,865

.7915 GBP

GB00BMWRZ071

Purchase

3,900

.7945 GBP

GB00BMWRZ071

Purchase

4,581

.7930 GBP

GB00BMWRZ071

Purchase

4,596

.7975 GBP

GB00BMWRZ071

Purchase

4,642

.7930 GBP

GB00BMWRZ071

Purchase

5,382

.7975 GBP

GB00BMWRZ071

Purchase

5,751

.7950 GBP

GB00BMWRZ071

Purchase

5,862

.7935 GBP

GB00BMWRZ071

Purchase

6,319

.7950 GBP

GB00BMWRZ071

Purchase

8,595

.7930 GBP

GB00BMWRZ071

Purchase

9,680

.7930 GBP

GB00BMWRZ071

Purchase

11,703

.7945 GBP

GB00BMWRZ071

Purchase

11,704

.7960 GBP

GB00BMWRZ071

Purchase

13,356

.7950 GBP

GB00BMWRZ071

Purchase

14,254

.7975 GBP

GB00BMWRZ071

Purchase

15,000

.7975 GBP

GB00BMWRZ071

Purchase

15,000

.7975 GBP

GB00BMWRZ071

Purchase

15,000

.7975 GBP

GB00BMWRZ071

Purchase

15,000

.7975 GBP

GB00BMWRZ071

Purchase

15,000

.7975 GBP

GB00BMWRZ071

Purchase

15,336

.7950 GBP

GB00BMWRZ071

Purchase

15,696

.7953 GBP

GB00BMWRZ071

Purchase

16,203

.7958 GBP

GB00BMWRZ071

Purchase

16,781

.7930 GBP

GB00BMWRZ071

Purchase

17,071

.7975 GBP

GB00BMWRZ071

Purchase

18,683

.7945 GBP

GB00BMWRZ071

Purchase

21,060

.8000 GBP

GB00BMWRZ071

Purchase

24,000

.7960 GBP

GB00BMWRZ071

Purchase

40,000

.7934 GBP

GB00BMWRZ071

Purchase

40,501

.7960 GBP

GB00BMWRZ071

Purchase

48,884

.7955 GBP

GB00BMWRZ071

Purchase

49,966

.7975 GBP

GB00BMWRZ071

Purchase

50,000

.7975 GBP

GB00BMWRZ071

Purchase

58,980

.7960 GBP

GB00BMWRZ071

Purchase

66,472

.7944 GBP

GB00BMWRZ071

Purchase

78,585

.7975 GBP

GB00BMWRZ071

Purchase

89,664

.8040 GBP

GB00BMWRZ071

Purchase

107,645

.7951 GBP

GB00BMWRZ071

Purchase

121,592

.7932 GBP

GB00BMWRZ071

Purchase

198,365

.7975 GBP

GB00BMWRZ071

Purchase

324,313

.7960 GBP

GB00BMWRZ071

Purchase

500,000

.7950 GBP

GB00BMWRZ071

Purchase

1,000,000

.8005 GBP

GB00BMWRZ071

Sale

-2,000,000

.7945 GBP

GB00BMWRZ071

Sale

-829,407

.7935 GBP

GB00BMWRZ071

Sale

-21,281

.7950 GBP

GB00BMWRZ071

Sale

-1,028

.7965 GBP

GB00BMWRZ071

Sale

-841

.7950 GBP

GB00BMWRZ071

Sale

-200

.7935 GBP

GB00BMWRZ071

Sale

-190

.7950 GBP

(b) Cash-settled derivative transactions

Class of relevant security

Product description

e.g. CFD

Nature of dealing

e.g. opening/closing a long/short position, increasing/reducing a long/short position

Number of reference securities

Price per unit

GB00BMWRZ071

Contract for Difference

Increasing Short Position

-80,296

.7950 GBP

GB00BMWRZ071

Contract for Difference

Increasing Short Position

-27,349

.7950 GBP

GB00BMWRZ071

Contract for Difference

Reducing Short Position

200

.7950 GBP

(c) Stock-settled derivative transactions (including options)

(i) Writing, selling, purchasing or varying

  • Class of relevant security
  • Product description e.g. call option
  • Writing, purchasing, selling, varying etc.
  • Number of securities to which option relates
  • Exercise price per unit
  • Typee.g. American, European etc.
  • Expiry date
  • Option money paid/ received per unit

(ii) Exercise

  • Class of relevant security
  • Product descriptione.g. call option
  • Exercising/ exercised against
  • Number of securities
  • Exercise price per unit

(d) Other dealings (including subscribing for new securities)

  • Class of relevant security
  • Nature of dealinge.g. subscription, conversion
  • Details
  • Price per unit (if applicable)

4. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

  • Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none"
  • none

(b) Agreements, arrangements or understandings relating to options or derivatives

  • Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:(i) the voting rights of any relevant securities under any option; or(ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:If there are no such agreements, arrangements or understandings, state "none"
  • none

(c) Attachments

  • Is a Supplemental Form 8 (Open Positions) attached?
  • No
Date of disclosure:

11/09/2025

Contact name:

Compliance Control Room

Telephone number*:

0207 595 9695

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0) 20 7638 0129.

*If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel's Market Surveillance Unit.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

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