--- title: "REG - BNP Paribas London Dowlais Group PLC - Form 8.3 - Dowlais Group plc" description: "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 totali" type: "news" locale: "en" url: "https://longbridge.com/en/news/256919400.md" published_at: "2025-09-11T11:53:55.000Z" --- # REG - BNP Paribas London Dowlais Group PLC - Form 8.3 - Dowlais Group plc > 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. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com. RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. END RETBBGDCDUBDGUB ### Related Stocks - [AXL.US - American Axle and Manufacturing](https://longbridge.com/en/quote/AXL.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | REG - AQR Capital Mgmt American Axle & Mfg. - Form 8.3 - American Axle & Manufacturing Holdings | AQR Capital Management, LLC disclosed its position in American Axle & Manufacturing Holdings, Inc. as of January 2, 2026 | [Link](https://longbridge.com/en/news/271517731.md) | | REG - Syquant Capital American Axle & Mfg. 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