Form 8.5 (EPT/RI) Public Dealing Disclosure by Investec Bank plc Relating to Dowlais Group plc
Dowlais Group plc: Public Dealing Disclosure Filed Under Rule 8.5 of the Takeover Code
On January 20, 2026, Investec Bank plc submitted a Form 8.5 (EPT/RI) public disclosure detailing transactions carried out on behalf of a client in relation to the securities of Dowlais Group plc. The announcement was released in compliance with Rule 8.5 of the UK’s Takeover Code, which governs transparent reporting of share dealings by exempt principal traders with recognised intermediary status.
Understanding the Purpose of Form 8.5 (EPT/RI)
The Form 8.5 (EPT/RI) mechanism exists to ensure equity market transparency when broker intermediaries execute trades for clients in companies involved in takeover situations or potential corporate actions. An Exempt Principal Trader (EPT) that acts with Recognised Intermediary (RI) status must disclose significant share dealings on a standardized form to a regulatory information service (RIS), which then makes the details public.
This particular disclosure relates to the role of Investec Bank plc as a broker executing buy and sell transactions in ordinary shares of Dowlais Group plc. These filings help market participants see how insiders or connected traders are dealing in company shares while an offer period or other regulatory event is underway.
Key Dealings Reported by Investec Bank plc
The disclosure under section 2 of the filing records the trading activity conducted on January 19, 2026 on behalf of Investec Bank plc’s client. The nature of the transactions and totals are as follows:
Purchase and Sale of Shares
| Transaction Type | Class of Security | Total Number of Shares | Highest Price per Share (GBP) | Lowest Price per Share (GBP) |
|---|---|---|---|---|
| Purchases | Ordinary Shares | 1,835,524 | 93.50 | 92.475 |
| Sales | Ordinary Shares | 1,835,524 | 93.65 | 93.00 |
According to the disclosure, the same volume of shares — 1,835,524 ordinary shares — was both purchased and sold, suggesting matched client activity on the trading day in question.
No Derivatives or Other Instruments Reported
The Form 8.5 filing also confirms that there were no reported dealings in derivatives, options, or other financial instruments linked to Dowlais Group plc’s securities during this period. Specifically:
- No cash-settled derivative transactions were executed.
- No stock-settled derivative transactions such as options were written, exercised, or varied.
- No other forms of subscription or conversion transactions were reported.
This helps clarify that the transparent disclosure strictly reflects share purchases and sales and rules out more complex trading activities outside ordinary equity transactions.
Other Information Included in the Filing
In section 3 of the announcement, Investec Bank plc confirmed that there are no indemnity arrangements or informal agreements that might influence trading behaviour beyond normal brokerage execution agreements. Additionally, there are no known agreements relating to voting rights or derivative-linked rights connected to these transactions.
In the context of the Takeover Code, EPT disclosures of this nature are required to ensure fairness and visibility in markets where ongoing corporate actions — including potential offer scenarios — may influence investor decisions.
Contact and Regulatory Details
The disclosure lists a contact person from Investec Bank plc — Priyali Bhattacharjee — along with a telephone number for further inquiries. The disclosure was officially dated January 20, 2026.
Market participants, analysts, and other stakeholders can access the full Takeover Code and reach out to the Takeover Panel’s Market Surveillance Unit for questions on disclosure requirements and interpretation.
Background on Dowlais Group plc
Dowlais Group plc is a prominent engineering and automotive technology firm listed on the London Stock Exchange. It focuses on precision-engineered components and sustainable mobility solutions, positioning itself at the forefront of the global transition toward electrified vehicles and advanced manufacturing.
The company’s investor relations materials highlight strategic growth plans, evolving product portfolios, and ongoing engagement with shareholders and financial intermediaries — including brokers such as Investec Bank plc — which are central to maintaining liquidity and market presence for its listed shares.
What This Disclosure Means for Investors
Although Form 8.5 filings tend to be procedural and technical in nature, they play a vital role in maintaining market integrity. By publicly reporting share transactions by intermediaries acting on clients’ behalf, regulators and investors are better equipped to monitor trading behavior around key company events.
Investors in Dowlais Group plc can review these filings to gain insight into broker activity and potential trends in trading volume or price movement that may accompany larger corporate developments or periods of heightened market attention.
Summary
In summary, the January 20, 2026, Form 8.5 disclosure by Investec Bank plc reports matched purchases and sales of 1,835,524 ordinary shares in Dowlais Group plc on January 19, 2026. No derivatives or other complex instruments were involved, and there were no additional agreements affecting voting rights or market conduct. The disclosure is part of standard compliance with the Takeover Code’s transparency framework.
#DowlaisGroup #TakeoverCode #InvestecBank #PublicDisclosure #SlimScan #GrowthStocks #CANSLIM