BNP Paribas

Major Shareholding Notification • Mar 10, 2025

National Storage Mechanism | Additional information

RNS Number : 0442A

BNP Paribas London

10 March 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	07/03/2025
(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 & 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:	32,474,331	2.4153	-920,596	-0.0685
(2) Cash-settled derivatives:	582,780	0.0433	-20,587,953	-1.5312
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	0		+0
TOTAL:	33,057,111	2.4586	-21,508,549	-1.5997

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	8	.6650 GBP
GB00BMWRZ071	Purchase	8	.6675 GBP
GB00BMWRZ071	Purchase	9	.6665 GBP
GB00BMWRZ071	Purchase	9	.6715 GBP
GB00BMWRZ071	Purchase	10	.6640 GBP
GB00BMWRZ071	Purchase	13	.6710 GBP
GB00BMWRZ071	Purchase	15	.6670 GBP
GB00BMWRZ071	Purchase	15	.6680 GBP
GB00BMWRZ071	Purchase	27	.6715 GBP
GB00BMWRZ071	Purchase	27	.6715 GBP
GB00BMWRZ071	Purchase	39	.6630 GBP
GB00BMWRZ071	Purchase	42	.6715 GBP
GB00BMWRZ071	Purchase	42	.6715 GBP
GB00BMWRZ071	Purchase	59	.6650 GBP
GB00BMWRZ071	Purchase	65	.6715 GBP
GB00BMWRZ071	Purchase	65	.6715 GBP
GB00BMWRZ071	Purchase	66	.6710 GBP
GB00BMWRZ071	Purchase	75	.6700 GBP
GB00BMWRZ071	Purchase	75	.6710 GBP
GB00BMWRZ071	Purchase	75	.6720 GBP
GB00BMWRZ071	Purchase	87	.6700 GBP
GB00BMWRZ071	Purchase	90	.6715 GBP
GB00BMWRZ071	Purchase	91	.6720 GBP
GB00BMWRZ071	Purchase	91	.6720 GBP
GB00BMWRZ071	Purchase	96	.6720 GBP
GB00BMWRZ071	Purchase	101	.6720 GBP
GB00BMWRZ071	Purchase	101	.6720 GBP
GB00BMWRZ071	Purchase	107	.6720 GBP
GB00BMWRZ071	Purchase	110	.6650 GBP
GB00BMWRZ071	Purchase	140	.6715 GBP
GB00BMWRZ071	Purchase	146	.6680 GBP
GB00BMWRZ071	Purchase	154	.6665 GBP
GB00BMWRZ071	Purchase	163	.6715 GBP
GB00BMWRZ071	Purchase	163	.6715 GBP
GB00BMWRZ071	Purchase	163	.6715 GBP
GB00BMWRZ071	Purchase	166	.6720 GBP
GB00BMWRZ071	Purchase	166	.6720 GBP
GB00BMWRZ071	Purchase	167	.6715 GBP
GB00BMWRZ071	Purchase	167	.6720 GBP
GB00BMWRZ071	Purchase	170	.6715 GBP
GB00BMWRZ071	Purchase	179	.6650 GBP
GB00BMWRZ071	Purchase	193	.6700 GBP
GB00BMWRZ071	Purchase	198	.6720 GBP
GB00BMWRZ071	Purchase	201	.6720 GBP
GB00BMWRZ071	Purchase	203	.6710 GBP
GB00BMWRZ071	Purchase	205	.6720 GBP
GB00BMWRZ071	Purchase	212	.6720 GBP
GB00BMWRZ071	Purchase	213	.6645 GBP
GB00BMWRZ071	Purchase	214	.6715 GBP
GB00BMWRZ071	Purchase	219	.6715 GBP
GB00BMWRZ071	Purchase	233	.6720 GBP
GB00BMWRZ071	Purchase	233	.6720 GBP
GB00BMWRZ071	Purchase	233	.6720 GBP
GB00BMWRZ071	Purchase	233	.6720 GBP
GB00BMWRZ071	Purchase	233	.6720 GBP
GB00BMWRZ071	Purchase	233	.6720 GBP
GB00BMWRZ071	Purchase	233	.6720 GBP
GB00BMWRZ071	Purchase	268	.6720 GBP
GB00BMWRZ071	Purchase	275	.6715 GBP
GB00BMWRZ071	Purchase	281	.6700 GBP
GB00BMWRZ071	Purchase	282	.6710 GBP
GB00BMWRZ071	Purchase	283	.6700 GBP
GB00BMWRZ071	Purchase	290	.6650 GBP
GB00BMWRZ071	Purchase	290	.6715 GBP
GB00BMWRZ071	Purchase	290	.6715 GBP
GB00BMWRZ071	Purchase	290	.6720 GBP
GB00BMWRZ071	Purchase	290	.6720 GBP
GB00BMWRZ071	Purchase	290	.6720 GBP
GB00BMWRZ071	Purchase	290	.6720 GBP
GB00BMWRZ071	Purchase	290	.6720 GBP
GB00BMWRZ071	Purchase	290	.6720 GBP
GB00BMWRZ071	Purchase	290	.6720 GBP
GB00BMWRZ071	Purchase	290	.6720 GBP
GB00BMWRZ071	Purchase	290	.6720 GBP
GB00BMWRZ071	Purchase	290	.6720 GBP
GB00BMWRZ071	Purchase	290	.6720 GBP
GB00BMWRZ071	Purchase	290	.6720 GBP
GB00BMWRZ071	Purchase	290	.6720 GBP
GB00BMWRZ071	Purchase	290	.6720 GBP
GB00BMWRZ071	Purchase	290	.6720 GBP
GB00BMWRZ071	Purchase	290	.6720 GBP
GB00BMWRZ071	Purchase	302	.6630 GBP
GB00BMWRZ071	Purchase	347	.6720 GBP
GB00BMWRZ071	Purchase	360	.6715 GBP
GB00BMWRZ071	Purchase	385	.6715 GBP
GB00BMWRZ071	Purchase	403	.6720 GBP
GB00BMWRZ071	Purchase	405	.6710 GBP
GB00BMWRZ071	Purchase	416	.6715 GBP
GB00BMWRZ071	Purchase	423	.6630 GBP
GB00BMWRZ071	Purchase	430	.6805 GBP
GB00BMWRZ071	Purchase	433	.6630 GBP
GB00BMWRZ071	Purchase	434	.6700 GBP
GB00BMWRZ071	Purchase	453	.6700 GBP
GB00BMWRZ071	Purchase	457	.6700 GBP
GB00BMWRZ071	Purchase	468	.6710 GBP
GB00BMWRZ071	Purchase	488	.6720 GBP
GB00BMWRZ071	Purchase	495	.6720 GBP
GB00BMWRZ071	Purchase	503	.6720 GBP
GB00BMWRZ071	Purchase	505	.6720 GBP
GB00BMWRZ071	Purchase	553	.6700 GBP
GB00BMWRZ071	Purchase	562	.6720 GBP
GB00BMWRZ071	Purchase	562	.6720 GBP
GB00BMWRZ071	Purchase	562	.6720 GBP
GB00BMWRZ071	Purchase	562	.6720 GBP
GB00BMWRZ071	Purchase	562	.6720 GBP
GB00BMWRZ071	Purchase	562	.6720 GBP
GB00BMWRZ071	Purchase	565	.6720 GBP
GB00BMWRZ071	Purchase	591	.6720 GBP
GB00BMWRZ071	Purchase	595	.6710 GBP
GB00BMWRZ071	Purchase	608	.6710 GBP
GB00BMWRZ071	Purchase	650	.6720 GBP
GB00BMWRZ071	Purchase	662	.6720 GBP
GB00BMWRZ071	Purchase	671	.6720 GBP
GB00BMWRZ071	Purchase	686	.6680 GBP
GB00BMWRZ071	Purchase	690	.6720 GBP
GB00BMWRZ071	Purchase	690	.6720 GBP
GB00BMWRZ071	Purchase	690	.6720 GBP
GB00BMWRZ071	Purchase	731	.6710 GBP
GB00BMWRZ071	Purchase	777	.6720 GBP
GB00BMWRZ071	Purchase	788	.6720 GBP
GB00BMWRZ071	Purchase	791	.6720 GBP
GB00BMWRZ071	Purchase	795	.6720 GBP
GB00BMWRZ071	Purchase	795	.6720 GBP
GB00BMWRZ071	Purchase	820	.6720 GBP
GB00BMWRZ071	Purchase	868	.6695 GBP
GB00BMWRZ071	Purchase	871	.6630 GBP
GB00BMWRZ071	Purchase	871	.6630 GBP
GB00BMWRZ071	Purchase	871	.6630 GBP
GB00BMWRZ071	Purchase	871	.6670 GBP
GB00BMWRZ071	Purchase	871	.6670 GBP
GB00BMWRZ071	Purchase	871	.6680 GBP
GB00BMWRZ071	Purchase	871	.6680 GBP
GB00BMWRZ071	Purchase	871	.6700 GBP
GB00BMWRZ071	Purchase	871	.6700 GBP
GB00BMWRZ071	Purchase	871	.6710 GBP
GB00BMWRZ071	Purchase	944	.6650 GBP
GB00BMWRZ071	Purchase	945	.6720 GBP
GB00BMWRZ071	Purchase	987	.6700 GBP
GB00BMWRZ071	Purchase	1,025	.6700 GBP
GB00BMWRZ071	Purchase	1,054	.6720 GBP
GB00BMWRZ071	Purchase	1,067	.6700 GBP
GB00BMWRZ071	Purchase	1,084	.6680 GBP
GB00BMWRZ071	Purchase	1,143	.6715 GBP
GB00BMWRZ071	Purchase	1,190	.6700 GBP
GB00BMWRZ071	Purchase	1,194	.6700 GBP
GB00BMWRZ071	Purchase	1,214	.6710 GBP
GB00BMWRZ071	Purchase	1,253	.6695 GBP
GB00BMWRZ071	Purchase	1,253	.6710 GBP
GB00BMWRZ071	Purchase	1,254	.6630 GBP
GB00BMWRZ071	Purchase	1,254	.6720 GBP
GB00BMWRZ071	Purchase	1,269	.6630 GBP
GB00BMWRZ071	Purchase	1,269	.6650 GBP
GB00BMWRZ071	Purchase	1,284	.6650 GBP
GB00BMWRZ071	Purchase	1,284	.6650 GBP
GB00BMWRZ071	Purchase	1,284	.6680 GBP
GB00BMWRZ071	Purchase	1,298	.6690 GBP
GB00BMWRZ071	Purchase	1,298	.6700 GBP
GB00BMWRZ071	Purchase	1,312	.6720 GBP
GB00BMWRZ071	Purchase	1,313	.6710 GBP
GB00BMWRZ071	Purchase	1,317	.6720 GBP
GB00BMWRZ071	Purchase	1,321	.6650 GBP
GB00BMWRZ071	Purchase	1,337	.6720 GBP
GB00BMWRZ071	Purchase	1,356	.6700 GBP
GB00BMWRZ071	Purchase	1,424	.6700 GBP
GB00BMWRZ071	Purchase	1,425	.6715 GBP
GB00BMWRZ071	Purchase	1,485	.6695 GBP
GB00BMWRZ071	Purchase	1,486	.6700 GBP
GB00BMWRZ071	Purchase	1,548	.6650 GBP
GB00BMWRZ071	Purchase	1,629	.6650 GBP
GB00BMWRZ071	Purchase	1,629	.6680 GBP
GB00BMWRZ071	Purchase	1,687	.6715 GBP
GB00BMWRZ071	Purchase	1,707	.6700 GBP
GB00BMWRZ071	Purchase	1,734	.6660 GBP
GB00BMWRZ071	Purchase	1,740	.6630 GBP
GB00BMWRZ071	Purchase	1,742	.6700 GBP
GB00BMWRZ071	Purchase	1,762	.6700 GBP
GB00BMWRZ071	Purchase	1,767	.6700 GBP
GB00BMWRZ071	Purchase	1,787	.6670 GBP
GB00BMWRZ071	Purchase	1,887	.6700 GBP
GB00BMWRZ071	Purchase	1,899	.6670 GBP
GB00BMWRZ071	Purchase	1,901	.6665 GBP
GB00BMWRZ071	Purchase	1,901	.6700 GBP
GB00BMWRZ071	Purchase	1,901	.6720 GBP
GB00BMWRZ071	Purchase	1,901	.6720 GBP
GB00BMWRZ071	Purchase	1,901	.6720 GBP
GB00BMWRZ071	Purchase	1,901	.6720 GBP
GB00BMWRZ071	Purchase	1,940	.6720 GBP
GB00BMWRZ071	Purchase	1,940	.6720 GBP
GB00BMWRZ071	Purchase	1,998	.6710 GBP
GB00BMWRZ071	Purchase	2,028	.6720 GBP
GB00BMWRZ071	Purchase	2,246	.6660 GBP
GB00BMWRZ071	Purchase	2,249	.6700 GBP
GB00BMWRZ071	Purchase	2,275	.6700 GBP
GB00BMWRZ071	Purchase	2,327	.6700 GBP
GB00BMWRZ071	Purchase	2,400	.6720 GBP
GB00BMWRZ071	Purchase	2,481	.6690 GBP
GB00BMWRZ071	Purchase	2,500	.6635 GBP
GB00BMWRZ071	Purchase	2,500	.6645 GBP
GB00BMWRZ071	Purchase	2,500	.6685 GBP
GB00BMWRZ071	Purchase	2,500	.6690 GBP
GB00BMWRZ071	Purchase	2,500	.6695 GBP
GB00BMWRZ071	Purchase	2,500	.6700 GBP
GB00BMWRZ071	Purchase	2,500	.6700 GBP
GB00BMWRZ071	Purchase	2,500	.6710 GBP
GB00BMWRZ071	Purchase	2,500	.6713 GBP
GB00BMWRZ071	Purchase	2,500	.6720 GBP
GB00BMWRZ071	Purchase	2,500	.6720 GBP
GB00BMWRZ071	Purchase	2,585	.6680 GBP
GB00BMWRZ071	Purchase	2,613	.6700 GBP
GB00BMWRZ071	Purchase	2,725	.6700 GBP
GB00BMWRZ071	Purchase	2,744	.6700 GBP
GB00BMWRZ071	Purchase	2,849	.6715 GBP
GB00BMWRZ071	Purchase	2,900	.6650 GBP
GB00BMWRZ071	Purchase	2,900	.6700 GBP
GB00BMWRZ071	Purchase	2,900	.6700 GBP
GB00BMWRZ071	Purchase	3,100	.6720 GBP
GB00BMWRZ071	Purchase	3,123	.6695 GBP
GB00BMWRZ071	Purchase	3,167	.6650 GBP
GB00BMWRZ071	Purchase	3,246	.6715 GBP
GB00BMWRZ071	Purchase	3,250	.6710 GBP
GB00BMWRZ071	Purchase	3,302	.6710 GBP
GB00BMWRZ071	Purchase	3,469	.6700 GBP
GB00BMWRZ071	Purchase	3,700	.6700 GBP
GB00BMWRZ071	Purchase	3,764	.6700 GBP
GB00BMWRZ071	Purchase	3,868	.6700 GBP
GB00BMWRZ071	Purchase	3,903	.6680 GBP
GB00BMWRZ071	Purchase	4,061	.6700 GBP
GB00BMWRZ071	Purchase	4,076	.6710 GBP
GB00BMWRZ071	Purchase	4,096	.6690 GBP
GB00BMWRZ071	Purchase	4,195	.6630 GBP
GB00BMWRZ071	Purchase	4,269	.6650 GBP
GB00BMWRZ071	Purchase	4,322	.6700 GBP
GB00BMWRZ071	Purchase	4,442	.6700 GBP
GB00BMWRZ071	Purchase	4,450	.6700 GBP
GB00BMWRZ071	Purchase	4,536	.6650 GBP
GB00BMWRZ071	Purchase	4,687	.6700 GBP
GB00BMWRZ071	Purchase	4,696	.6650 GBP
GB00BMWRZ071	Purchase	4,696	.6690 GBP
GB00BMWRZ071	Purchase	4,743	.6680 GBP
GB00BMWRZ071	Purchase	4,814	.6700 GBP
GB00BMWRZ071	Purchase	4,919	.6700 GBP
GB00BMWRZ071	Purchase	5,131	.6710 GBP
GB00BMWRZ071	Purchase	5,174	.6710 GBP
GB00BMWRZ071	Purchase	5,532	.6700 GBP
GB00BMWRZ071	Purchase	5,537	.6710 GBP
GB00BMWRZ071	Purchase	5,657	.6700 GBP
GB00BMWRZ071	Purchase	5,838	.6650 GBP
GB00BMWRZ071	Purchase	6,048	.6700 GBP
GB00BMWRZ071	Purchase	6,172	.6793 GBP
GB00BMWRZ071	Purchase	6,209	.6700 GBP
GB00BMWRZ071	Purchase	6,347	.6700 GBP
GB00BMWRZ071	Purchase	6,366	.6700 GBP
GB00BMWRZ071	Purchase	6,398	.6700 GBP
GB00BMWRZ071	Purchase	6,424	.6650 GBP
GB00BMWRZ071	Purchase	6,694	.6700 GBP
GB00BMWRZ071	Purchase	6,769	.6700 GBP
GB00BMWRZ071	Purchase	6,808	.6680 GBP
GB00BMWRZ071	Purchase	6,870	.6700 GBP
GB00BMWRZ071	Purchase	6,986	.6700 GBP
GB00BMWRZ071	Purchase	7,094	.6650 GBP
GB00BMWRZ071	Purchase	7,690	.6805 GBP
GB00BMWRZ071	Purchase	8,239	.6700 GBP
GB00BMWRZ071	Purchase	8,297	.6700 GBP
GB00BMWRZ071	Purchase	8,721	.6700 GBP
GB00BMWRZ071	Purchase	8,787	.6700 GBP
GB00BMWRZ071	Purchase	10,839	.6700 GBP
GB00BMWRZ071	Purchase	11,128	.6700 GBP
GB00BMWRZ071	Purchase	14,306	.6700 GBP
GB00BMWRZ071	Purchase	15,811	.6700 GBP
GB00BMWRZ071	Purchase	16,000	.6700 GBP
GB00BMWRZ071	Purchase	17,067	.6650 GBP
GB00BMWRZ071	Purchase	17,257	.6710 GBP
GB00BMWRZ071	Purchase	17,769	.6700 GBP
GB00BMWRZ071	Purchase	17,870	.6700 GBP
GB00BMWRZ071	Purchase	17,923	.6700 GBP
GB00BMWRZ071	Purchase	18,461	.6700 GBP
GB00BMWRZ071	Purchase	19,945	.6770 GBP
GB00BMWRZ071	Purchase	20,095	.6673 GBP
GB00BMWRZ071	Purchase	22,847	.6710 GBP
GB00BMWRZ071	Purchase	22,959	.6700 GBP
GB00BMWRZ071	Purchase	23,141	.6700 GBP
GB00BMWRZ071	Purchase	23,617	.6700 GBP
GB00BMWRZ071	Purchase	24,193	.6700 GBP
GB00BMWRZ071	Purchase	24,720	.6710 GBP
GB00BMWRZ071	Purchase	27,370	.6700 GBP
GB00BMWRZ071	Purchase	30,858	.6700 GBP
GB00BMWRZ071	Purchase	32,655	.6700 GBP
GB00BMWRZ071	Purchase	32,871	.6700 GBP
GB00BMWRZ071	Purchase	32,904	.6700 GBP
GB00BMWRZ071	Purchase	34,221	.6700 GBP
GB00BMWRZ071	Purchase	36,965	.6700 GBP
GB00BMWRZ071	Purchase	45,000	.6738 GBP
GB00BMWRZ071	Purchase	51,023	.6710 GBP
GB00BMWRZ071	Purchase	53,141	.6700 GBP
GB00BMWRZ071	Purchase	53,560	.6700 GBP
GB00BMWRZ071	Purchase	58,221	.6700 GBP
GB00BMWRZ071	Purchase	59,759	.6700 GBP
GB00BMWRZ071	Purchase	65,564	.6700 GBP
GB00BMWRZ071	Purchase	66,671	.6785 GBP
GB00BMWRZ071	Purchase	67,016	.6650 GBP
GB00BMWRZ071	Purchase	93,615	.6700 GBP
GB00BMWRZ071	Purchase	95,041	.6785 GBP
GB00BMWRZ071	Purchase	122,873	.6700 GBP
GB00BMWRZ071	Purchase	122,874	.6700 GBP
GB00BMWRZ071	Purchase	130,816	.6700 GBP
GB00BMWRZ071	Purchase	161,873	.6700 GBP
GB00BMWRZ071	Sale	-500,000	.6665 GBP
GB00BMWRZ071	Sale	-170,451	.6805 GBP
GB00BMWRZ071	Sale	-76,831	.6803 GBP
GB00BMWRZ071	Sale	-49,850	.6805 GBP
GB00BMWRZ071	Sale	-44,783	.6832 GBP
GB00BMWRZ071	Sale	-32,369	.6724 GBP
GB00BMWRZ071	Sale	-15,501	.6798 GBP
GB00BMWRZ071	Sale	-2,812	.6705 GBP
GB00BMWRZ071	Sale	-2,641	.6955 GBP
GB00BMWRZ071	Sale	-502	.6779 GBP
GB00BMWRZ071	Sale	-187	.6805 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	-6,172	.6805
GB00BMWRZ071	Contract for Difference	Increasing Short Position	-5,580	.6805
GB00BMWRZ071	Contract for Difference	Increasing Short Position	-1,343	.6805
GB00BMWRZ071	Contract for Difference	Increasing Short Position	-13,172	.6805
GB00BMWRZ071	Contract for Difference	Reducing Short Position	33,778	.6805
GB00BMWRZ071	Contract for Difference	Reducing Short Position	92,961	.6805
GB00BMWRZ071	Contract for Difference	Reducing Short Position	7,170	.6805
GB00BMWRZ071	Contract for Difference	Reducing Short Position	26,407	.6805
GB00BMWRZ071	Contract for Difference	Reducing Short Position	7,161	.6805
GB00BMWRZ071	Contract for Difference	Reducing Short Position	25,716	.6805
GB00BMWRZ071	Contract for Difference	Reducing Short Position	3,473	.6805
GB00BMWRZ071	Contract for Difference	Reducing Short Position	70,769	.6805
GB00BMWRZ071	Contract for Difference	Reducing Short Position	2,828	.6805
GB00BMWRZ071	Contract for Difference	Reducing Short Position	3,711	.6805
GB00BMWRZ071	Contract for Difference	Reducing Short Position	71,414	.6805
GB00BMWRZ071	Contract for Difference	Reducing Short Position	49,850	.6805
GB00BMWRZ071	Contract for Difference	Reducing Short Position	502	.6805 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	Type e.g. American, European etc.	Expiry date	Option money paid/ received per unit

(ii)        Exercise

Class of relevant security	Product description e.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 dealing e.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:	10/03/2025
###### 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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