2nd May 2025 15:00
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: | Citadel Group |
(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. | N/A |
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | AMERICAN AXLE MANUFACTURING HOLDINGS INC |
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: | N/A |
(e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure | 1 May 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 DOWLAIS GROUP PLC |
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: Common Stock | ISIN US0240611030 USD 0.01 common | |||
| Interests | Short positions | ||
| Number | % | Number | % |
(1) Relevant securities owned and/or controlled: | 795,872 | 0.67 | 28,700 | 0.02 |
(2) Cash-settled derivatives:
| 191 | 0.00 | 0 | 0.00 |
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 2,113,900 | 1.78 | 477,100 | 0.40 |
TOTAL: | 2,909,963 | 2.45 | 505,800 | 0.42 |
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: | N/A |
Details, including nature of the rights concerned and relevant percentages: | N/A |
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 |
Common | Buy Transaction | 100 | 3.7700 USD |
Common | Buy Transaction | 49 | 3.7712 USD |
Common | Buy Transaction | 838 | 3.7807 USD |
Common | Buy Transaction | 3,328 | 3.7900 USD |
Common | Buy Transaction | 17 | 3.7906 USD |
Common | Buy Transaction | 172 | 3.7963 USD |
Common | Buy Transaction | 1,024 | 3.7966 USD |
Common | Buy Transaction | 40,287 | 3.8000 USD |
Common | Buy Transaction | 91,573 | 3.8000 USD |
Common | Buy Transaction | 4,461 | 3.8033 USD |
Common | Buy Transaction | 102 | 3.8050 USD |
Common | Buy Transaction | 36 | 3.8067 USD |
Common | Buy Transaction | 872 | 3.8083 USD |
Common | Buy Transaction | 2 | 3.8106 USD |
Common | Buy Transaction | 50,126 | 3.8107 USD |
Common | Buy Transaction | 1,100 | 3.8109 USD |
Common | Buy Transaction | 6,507 | 3.8126 USD |
Common | Buy Transaction | 1,192 | 3.8149 USD |
Common | Buy Transaction | 805 | 3.8192 USD |
Common | Buy Transaction | 2,084 | 3.8198 USD |
Common | Buy Transaction | 1,698 | 3.8200 USD |
Common | Buy Transaction | 1,068 | 3.8213 USD |
Common | Buy Transaction | 7,600 | 3.8238 USD |
Common | Buy Transaction | 9,981 | 3.8261 USD |
Common | Buy Transaction | 6,312 | 3.8266 USD |
Common | Buy Transaction | 200 | 3.8300 USD |
Common | Buy Transaction | 59,527 | 3.8310 USD |
Common | Buy Transaction | 6,018 | 3.8318 USD |
Common | Buy Transaction | 3,200 | 3.8330 USD |
Common | Buy Transaction | 204 | 3.8342 USD |
Common | Buy Transaction | 528 | 3.8367 USD |
Common | Buy Transaction | 23 | 3.8368 USD |
Common | Buy Transaction | 1,465 | 3.8379 USD |
Common | Buy Transaction | 721 | 3.8381 USD |
Common | Buy Transaction | 948 | 3.8394 USD |
Common | Buy Transaction | 3,100 | 3.8397 USD |
Common | Buy Transaction | 816 | 3.8400 USD |
Common | Buy Transaction | 1,302 | 3.8417 USD |
Common | Buy Transaction | 3,400 | 3.8418 USD |
Common | Buy Transaction | 11,243 | 3.8418 USD |
Common | Buy Transaction | 500 | 3.8419 USD |
Common | Buy Transaction | 3,818 | 3.8427 USD |
Common | Buy Transaction | 40 | 3.8450 USD |
Common | Buy Transaction | 31 | 3.8452 USD |
Common | Buy Transaction | 181 | 3.8472 USD |
Common | Buy Transaction | 400 | 3.8475 USD |
Common | Buy Transaction | 16,035 | 3.8500 USD |
Common | Buy Transaction | 1,288 | 3.8501 USD |
Common | Buy Transaction | 1,321 | 3.8504 USD |
Common | Buy Transaction | 1,479 | 3.8508 USD |
Common | Buy Transaction | 236 | 3.8518 USD |
Common | Buy Transaction | 10,779 | 3.8521 USD |
Common | Buy Transaction | 686 | 3.8539 USD |
Common | Buy Transaction | 700 | 3.8543 USD |
Common | Buy Transaction | 382 | 3.8546 USD |
Common | Buy Transaction | 266 | 3.8555 USD |
Common | Buy Transaction | 787 | 3.8565 USD |
Common | Buy Transaction | 1,500 | 3.8567 USD |
Common | Buy Transaction | 226 | 3.8571 USD |
Common | Buy Transaction | 63 | 3.8578 USD |
Common | Buy Transaction | 1,021 | 3.8600 USD |
Common | Buy Transaction | 375 | 3.8607 USD |
Common | Buy Transaction | 700 | 3.8614 USD |
Common | Buy Transaction | 2,303 | 3.8617 USD |
Common | Buy Transaction | 99,302 | 3.8618 USD |
Common | Buy Transaction | 12,997 | 3.8628 USD |
Common | Buy Transaction | 657 | 3.8630 USD |
Common | Buy Transaction | 2,280 | 3.8645 USD |
Common | Buy Transaction | 1,759 | 3.8668 USD |
Common | Buy Transaction | 400 | 3.8709 USD |
Common | Buy Transaction | 1 | 3.8714 USD |
Common | Buy Transaction | 600 | 3.8717 USD |
Common | Buy Transaction | 1,249 | 3.8723 USD |
Common | Buy Transaction | 1,500 | 3.8733 USD |
Common | Buy Transaction | 500 | 3.8760 USD |
Common | Buy Transaction | 4,100 | 3.8780 USD |
Common | Buy Transaction | 100 | 3.8800 USD |
Common | Buy Transaction | 700 | 3.8807 USD |
Common | Buy Transaction | 600 | 3.8833 USD |
Common | Buy Transaction | 1,400 | 3.8857 USD |
Common | Buy Transaction | 118 | 3.8865 USD |
Common | Buy Transaction | 1,694 | 3.8900 USD |
Common | Buy Transaction | 1,623 | 3.8911 USD |
Common | Buy Transaction | 575 | 3.8943 USD |
Common | Buy Transaction | 454 | 3.8956 USD |
Common | Buy Transaction | 264 | 3.9000 USD |
Common | Buy Transaction | 1,110 | 3.9014 USD |
Common | Buy Transaction | 1,159 | 3.9100 USD |
Common | Buy Transaction | 310 | 3.9106 USD |
Common | Buy Transaction | 2,900 | 3.9121 USD |
Common | Buy Transaction | 600 | 3.9150 USD |
Common | Buy Transaction | 300 | 3.9200 USD |
Common | DVP Transaction | 100 | 3.7950 USD |
Common | DVP Transaction | 76,569 | 3.8000 USD |
Common | DVP Transaction | 4,192 | 3.8050 USD |
Common | DVP Transaction | 1,002 | 3.8050 USD |
Common | DVP Transaction | 63 | 3.8051 USD |
Common | DVP Transaction | 3,743 | 3.8100 USD |
Common | DVP Transaction | 115 | 3.8300 USD |
Common | DVP Transaction | 12,652 | 3.8450 USD |
Common | DVP Transaction | 2 | 3.8500 USD |
Common | DVP Transaction | 3 | 3.8600 USD |
Common | DVP Transaction | 587 | 3.8650 USD |
Common | DVP Transaction | 1,800 | 3.8750 USD |
Common | DVP Transaction | 587 | 3.8750 USD |
Common | DVP Transaction | 25,541 | 3.8786 USD |
Common | DVP Transaction | 1,218 | 3.8800 USD |
Common | DVP Transaction | 4,104 | 3.8850 USD |
Common | DVP Transaction | 11 | 3.8855 USD |
Common | DVP Transaction | 482 | 3.9000 USD |
Common | DVP Transaction | 5,134 | 3.9001 USD |
Common | DVP Transaction | 26,291 | 3.9044 USD |
Common | DVP Transaction | 1 | 3.9100 USD |
Common | DVP Transaction | 4,096 | 3.9450 USD |
Common | DVP Transaction | 97 | 3.9451 USD |
Common | DVP Transaction | 1,001 | 3.9500 USD |
Common | DVP Transaction | 3,904 | 3.9550 USD |
Common | DVP Transaction | 900 | 3.9600 USD |
Common | RVP Transaction | 100 | 3.7950 USD |
Common | RVP Transaction | 76,569 | 3.8000 USD |
Common | RVP Transaction | 200 | 3.8100 USD |
Common | RVP Transaction | 606 | 3.8238 USD |
Common | RVP Transaction | 200 | 3.8450 USD |
Common | RVP Transaction | 600 | 3.8458 USD |
Common | RVP Transaction | 1,000 | 3.8555 USD |
Common | RVP Transaction | 1,852 | 3.8560 USD |
Common | RVP Transaction | 1,100 | 3.8573 USD |
Common | RVP Transaction | 1,643 | 3.8580 USD |
Common | RVP Transaction | 600 | 3.8600 USD |
Common | RVP Transaction | 4,520 | 3.8607 USD |
Common | RVP Transaction | 3,647 | 3.8622 USD |
Common | RVP Transaction | 1,110 | 3.8627 USD |
Common | RVP Transaction | 914 | 3.8651 USD |
Common | RVP Transaction | 10,898 | 3.8679 USD |
Common | RVP Transaction | 1,776 | 3.8680 USD |
Common | RVP Transaction | 500 | 3.8740 USD |
Common | RVP Transaction | 900 | 3.8750 USD |
Common | RVP Transaction | 14 | 3.8800 USD |
Common | RVP Transaction | 1,400 | 3.8814 USD |
Common | RVP Transaction | 7,618 | 3.8826 USD |
Common | RVP Transaction | 1,600 | 3.8841 USD |
Common | RVP Transaction | 200 | 3.8850 USD |
Common | RVP Transaction | 6,972 | 3.8856 USD |
Common | RVP Transaction | 799 | 3.8875 USD |
Common | RVP Transaction | 5,455 | 3.8896 USD |
Common | RVP Transaction | 6,231 | 3.8909 USD |
Common | RVP Transaction | 1,300 | 3.8942 USD |
Common | RVP Transaction | 6,138 | 3.8943 USD |
Common | RVP Transaction | 2,394 | 3.8951 USD |
Common | RVP Transaction | 15,632 | 3.8987 USD |
Common | RVP Transaction | 380 | 3.8999 USD |
Common | RVP Transaction | 5,198 | 3.9000 USD |
Common | RVP Transaction | 40 | 3.9100 USD |
Common | RVP Transaction | 4,089 | 3.9151 USD |
Common | Sell Transaction | 82 | 3.7800 USD |
Common | Sell Transaction | 300 | 3.7850 USD |
Common | Sell Transaction | 6 | 3.7883 USD |
Common | Sell Transaction | 3,250 | 3.7945 USD |
Common | Sell Transaction | 100 | 3.7950 USD |
Common | Sell Transaction | 129 | 3.7956 USD |
Common | Sell Transaction | 2,926 | 3.7999 USD |
Common | Sell Transaction | 86,107 | 3.8000 USD |
Common | Sell Transaction | 260 | 3.8003 USD |
Common | Sell Transaction | 2,871 | 3.8048 USD |
Common | Sell Transaction | 426 | 3.8077 USD |
Common | Sell Transaction | 1 | 3.8079 USD |
Common | Sell Transaction | 47 | 3.8091 USD |
Common | Sell Transaction | 3,000 | 3.8100 USD |
Common | Sell Transaction | 4,200 | 3.8128 USD |
Common | Sell Transaction | 1,035 | 3.8161 USD |
Common | Sell Transaction | 215 | 3.8165 USD |
Common | Sell Transaction | 4,876 | 3.8167 USD |
Common | Sell Transaction | 448 | 3.8181 USD |
Common | Sell Transaction | 4,702 | 3.8183 USD |
Common | Sell Transaction | 215 | 3.8190 USD |
Common | Sell Transaction | 1,443 | 3.8200 USD |
Common | Sell Transaction | 1,131 | 3.8202 USD |
Common | Sell Transaction | 3,431 | 3.8211 USD |
Common | Sell Transaction | 11,233 | 3.8235 USD |
Common | Sell Transaction | 13,010 | 3.8236 USD |
Common | Sell Transaction | 4,132 | 3.8297 USD |
Common | Sell Transaction | 1,314 | 3.8300 USD |
Common | Sell Transaction | 13,972 | 3.8303 USD |
Common | Sell Transaction | 5,729 | 3.8308 USD |
Common | Sell Transaction | 2,672 | 3.8320 USD |
Common | Sell Transaction | 17,050 | 3.8322 USD |
Common | Sell Transaction | 2,768 | 3.8332 USD |
Common | Sell Transaction | 1,775 | 3.8357 USD |
Common | Sell Transaction | 12,627 | 3.8378 USD |
Common | Sell Transaction | 200 | 3.8400 USD |
Common | Sell Transaction | 692 | 3.8409 USD |
Common | Sell Transaction | 6,012 | 3.8427 USD |
Common | Sell Transaction | 1,305 | 3.8432 USD |
Common | Sell Transaction | 5,551 | 3.8434 USD |
Common | Sell Transaction | 1 | 3.8434 USD |
Common | Sell Transaction | 40 | 3.8450 USD |
Common | Sell Transaction | 1,737 | 3.8463 USD |
Common | Sell Transaction | 3 | 3.8467 USD |
Common | Sell Transaction | 6,228 | 3.8468 USD |
Common | Sell Transaction | 1,100 | 3.8491 USD |
Common | Sell Transaction | 2,244 | 3.8500 USD |
Common | Sell Transaction | 1,547 | 3.8503 USD |
Common | Sell Transaction | 1,375 | 3.8510 USD |
Common | Sell Transaction | 1,195 | 3.8532 USD |
Common | Sell Transaction | 116 | 3.8534 USD |
Common | Sell Transaction | 22 | 3.8545 USD |
Common | Sell Transaction | 79,374 | 3.8546 USD |
Common | Sell Transaction | 600 | 3.8550 USD |
Common | Sell Transaction | 201 | 3.8551 USD |
Common | Sell Transaction | 3,387 | 3.8563 USD |
Common | Sell Transaction | 4,326 | 3.8565 USD |
Common | Sell Transaction | 1,029 | 3.8566 USD |
Common | Sell Transaction | 4,284 | 3.8574 USD |
Common | Sell Transaction | 29,690 | 3.8584 USD |
Common | Sell Transaction | 2,500 | 3.8588 USD |
Common | Sell Transaction | 259 | 3.8589 USD |
Common | Sell Transaction | 1,809 | 3.8600 USD |
Common | Sell Transaction | 7,689 | 3.8603 USD |
Common | Sell Transaction | 864 | 3.8604 USD |
Common | Sell Transaction | 2,504 | 3.8608 USD |
Common | Sell Transaction | 400 | 3.8613 USD |
Common | Sell Transaction | 346 | 3.8614 USD |
Common | Sell Transaction | 155 | 3.8637 USD |
Common | Sell Transaction | 1,300 | 3.8638 USD |
Common | Sell Transaction | 928 | 3.8643 USD |
Common | Sell Transaction | 100 | 3.8650 USD |
Common | Sell Transaction | 210 | 3.8657 USD |
Common | Sell Transaction | 3,000 | 3.8658 USD |
Common | Sell Transaction | 870 | 3.8665 USD |
Common | Sell Transaction | 6,058 | 3.8681 USD |
Common | Sell Transaction | 3,100 | 3.8687 USD |
Common | Sell Transaction | 1,500 | 3.8693 USD |
Common | Sell Transaction | 142 | 3.8700 USD |
Common | Sell Transaction | 13,355 | 3.8704 USD |
Common | Sell Transaction | 199 | 3.8726 USD |
Common | Sell Transaction | 1,942 | 3.8738 USD |
Common | Sell Transaction | 3,800 | 3.8745 USD |
Common | Sell Transaction | 6,704 | 3.8750 USD |
Common | Sell Transaction | 2,683 | 3.8755 USD |
Common | Sell Transaction | 22,618 | 3.8760 USD |
Common | Sell Transaction | 558 | 3.8800 USD |
Common | Sell Transaction | 7,786 | 3.8811 USD |
Common | Sell Transaction | 770 | 3.8812 USD |
Common | Sell Transaction | 2,637 | 3.8815 USD |
Common | Sell Transaction | 3,263 | 3.8820 USD |
Common | Sell Transaction | 2,100 | 3.8829 USD |
Common | Sell Transaction | 1,900 | 3.8858 USD |
Common | Sell Transaction | 5,670 | 3.8865 USD |
Common | Sell Transaction | 360 | 3.8867 USD |
Common | Sell Transaction | 1,445 | 3.8890 USD |
Common | Sell Transaction | 4,332 | 3.8900 USD |
Common | Sell Transaction | 3,236 | 3.8901 USD |
Common | Sell Transaction | 2,100 | 3.8910 USD |
Common | Sell Transaction | 900 | 3.8911 USD |
Common | Sell Transaction | 300 | 3.8917 USD |
Common | Sell Transaction | 3,431 | 3.8917 USD |
Common | Sell Transaction | 3,035 | 3.8927 USD |
Common | Sell Transaction | 4,788 | 3.8948 USD |
Common | Sell Transaction | 700 | 3.8950 USD |
Common | Sell Transaction | 367 | 3.8953 USD |
Common | Sell Transaction | 900 | 3.8956 USD |
Common | Sell Transaction | 700 | 3.8971 USD |
Common | Sell Transaction | 400 | 3.8975 USD |
Common | Sell Transaction | 456 | 3.9000 USD |
Common | Sell Transaction | 39,005 | 3.9055 USD |
Common | Sell Transaction | 1,828 | 3.9104 USD |
Common | Sell Transaction | 155 | 3.9106 USD |
Common | Sell Transaction | 800 | 3.9219 USD |
Common | Sell Transaction | 2,656 | 3.9248 USD |
Common | Sell Transaction | 98 | 3.9300 USD |
Common | Sell Transaction | 2,381 | 3.9350 USD |
Common | Sell Transaction | 64 | 3.9400 USD |
Common | Sell Transaction | 2 | 3.9450 USD |
(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 |
Common | CFD | Reducing long position | 600 | 3.8050 USD |
Common | CFD | Reducing long position | 16,661 | 3.8363 USD |
Common | CFD | Reducing long position | 339 | 3.8487 USD |
(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 |
Common | Call Option | Buy Transaction | 4 | 5.0000 USD | American | 2025-Jun-20 | 0.0700 USD |
Common | Call Option | Buy Transaction | 24 | 5.0000 USD | American | 2025-Jun-20 | 0.1000 USD |
Common | Call Option | Buy Transaction | 5 | 5.0000 USD | American | 2025-Jul-18 | 0.1500 USD |
Common | Call Option | Buy Transaction | 15 | 5.0000 USD | American | 2025-Oct-17 | 0.3500 USD |
Common | Put Option | Buy Transaction | 2 | 4.0000 USD | American | 2025-May-16 | 0.3500 USD |
Common | Call Option | Buy Transaction | 9 | 5.0000 USD | American | 2025-Oct-17 | 0.3800 USD |
Common | Call Option | Buy Transaction | 13 | 5.0000 USD | American | 2026-Jan-16 | 0.5300 USD |
Common | Call Option | Buy Transaction | 260 | 4.0000 USD | American | 2025-Oct-17 | 0.6500 USD |
Common | Put Option | Buy Transaction | 1 | 5.0000 USD | American | 2026-Jan-16 | 1.5200 USD |
Common | Call Option | DVP Transaction | 13 | 5.0000 USD | American | 2025-May-16 | 0.0300 USD |
Common | Call Option | DVP Transaction | 3 | 5.0000 USD | American | 2025-Jun-20 | 0.0933 USD |
Common | Call Option | DVP Transaction | 4 | 5.0000 USD | American | 2025-Jul-18 | 0.1500 USD |
Common | Call Option | DVP Transaction | 100 | 4.0000 USD | American | 2025-May-16 | 0.2400 USD |
Common | Call Option | DVP Transaction | 30 | 4.0000 USD | American | 2025-May-16 | 0.2533 USD |
Common | Call Option | DVP Transaction | 23 | 5.0000 USD | American | 2025-Oct-17 | 0.3800 USD |
Common | Call Option | DVP Transaction | 13 | 5.0000 USD | American | 2026-Jan-16 | 0.5300 USD |
Common | Call Option | DVP Transaction | 46 | 4.0000 USD | American | 2025-Oct-17 | 0.6500 USD |
Common | Call Option | DVP Transaction | 30 | 4.0000 USD | American | 2025-Oct-17 | 0.6843 USD |
Common | Call Option | DVP Transaction | 5 | 4.0000 USD | American | 2025-Oct-17 | 0.6920 USD |
Common | Call Option | DVP Transaction | 11 | 4.0000 USD | American | 2025-Oct-17 | 0.7200 USD |
Common | Call Option | DVP Transaction | 42 | 3.0000 USD | American | 2025-May-16 | 0.8943 USD |
Common | Call Option | DVP Transaction | 5 | 3.0000 USD | American | 2025-May-16 | 0.9500 USD |
Common | Call Option | RVP Transaction | 13 | 5.0000 USD | American | 2025-May-16 | 0.0300 USD |
Common | Call Option | RVP Transaction | 2 | 5.0000 USD | American | 2025-Jun-20 | 0.0900 USD |
Common | Call Option | RVP Transaction | 1 | 5.0000 USD | American | 2025-Jun-20 | 0.1000 USD |
Common | Call Option | RVP Transaction | 4 | 5.0000 USD | American | 2025-Jul-18 | 0.1500 USD |
Common | Call Option | RVP Transaction | 110 | 4.0000 USD | American | 2025-May-16 | 0.2400 USD |
Common | Call Option | RVP Transaction | 20 | 4.0000 USD | American | 2025-May-16 | 0.2600 USD |
Common | Call Option | RVP Transaction | 23 | 5.0000 USD | American | 2025-Oct-17 | 0.3800 USD |
Common | Call Option | RVP Transaction | 13 | 5.0000 USD | American | 2026-Jan-16 | 0.5300 USD |
Common | Call Option | RVP Transaction | 45 | 4.0000 USD | American | 2025-Oct-17 | 0.6500 USD |
Common | Call Option | RVP Transaction | 5 | 4.0000 USD | American | 2025-Oct-17 | 0.6800 USD |
Common | Call Option | RVP Transaction | 35 | 4.0000 USD | American | 2025-Oct-17 | 0.6897 USD |
Common | Call Option | RVP Transaction | 6 | 4.0000 USD | American | 2025-Oct-17 | 0.7167 USD |
Common | Call Option | RVP Transaction | 1 | 4.0000 USD | American | 2025-Oct-17 | 0.7200 USD |
Common | Call Option | RVP Transaction | 2 | 3.0000 USD | American | 2025-May-16 | 0.8800 USD |
Common | Call Option | RVP Transaction | 20 | 3.0000 USD | American | 2025-May-16 | 0.8900 USD |
Common | Call Option | RVP Transaction | 15 | 3.0000 USD | American | 2025-May-16 | 0.9000 USD |
Common | Call Option | RVP Transaction | 10 | 3.0000 USD | American | 2025-May-16 | 0.9250 USD |
Common | Call Option | Sell Transaction | 13 | 5.0000 USD | American | 2025-May-16 | 0.0300 USD |
Common | Call Option | Sell Transaction | 2 | 5.0000 USD | American | 2025-Jun-20 | 0.0900 USD |
Common | Call Option | Sell Transaction | 51 | 5.0000 USD | American | 2025-Jun-20 | 0.1000 USD |
Common | Put Option | Sell Transaction | 1 | 3.0000 USD | American | 2025-Jun-20 | 0.1300 USD |
Common | Call Option | Sell Transaction | 2 | 4.0000 USD | American | 2025-Jun-20 | 0.3600 USD |
Common | Call Option | Sell Transaction | 2 | 5.0000 USD | American | 2025-Oct-17 | 0.4000 USD |
Common | Call Option | Sell Transaction | 10 | 4.0000 USD | American | 2025-Oct-17 | 0.6400 USD |
Common | Call Option | Sell Transaction | 15 | 4.0000 USD | American | 2025-Oct-17 | 0.6500 USD |
Common | Call Option | Sell Transaction | 15 | 4.0000 USD | American | 2025-Oct-17 | 0.6800 USD |
Common | Call Option | Sell Transaction | 1 | 4.0000 USD | American | 2025-Oct-17 | 0.7000 USD |
(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? | YES |
Date of disclosure: | 2 May 2025 |
Contact name: | Paula Santos |
Telephone number*: | 020 7645 9700 |
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.
SUPPLEMENTAL FORM 8 (OPEN POSITIONS)
DETAILS OF OPEN STOCK-SETTLED DERIVATIVE (INCLUDING OPTION) POSITIONS, AGREEMENTS TO PURCHASE OR SELL ETC.
Note 5(i) on Rule 8 of the Takeover Code (the "Code")
1. KEY INFORMATION
Full name of person making disclosure: | Citadel Group |
Name of offeror/offeree in relation to whose relevant securities the disclosure relates: | AMERICAN AXLE MANUFACTURING HOLDINGS INC |
2. STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)
Class of relevant security | Product description e.g. call option | Written or purchased | Number of securities to which option or derivative relates | Exercise price per unit | Type e.g. American, European etc. | Expiry date |
Common | Call Option | Purchased | 700 | 10.0 USD
| American
| 18/07/2025
|
Common | Put Option | Purchased | -900 | 5.0 USD
| American
| 17/07/2026
|
Common | Put Option | Purchased | -5,400 | 4.0 USD
| American
| 18/07/2025
|
Common | Call Option | Purchased | 300 | 8.0 USD
| American
| 20/06/2025
|
Common | Call Option | Purchased | 600 | 3.0 USD
| American
| 16/05/2025
|
Common | Put Option | Purchased | -700 | 7.0 USD
| American
| 18/07/2025
|
Common | Put Option | Purchased | -1,400 | 5.0 USD
| American
| 20/06/2025
|
Common | Put Option | Purchased | -1,300 | 5.0 USD
| American
| 16/05/2025
|
Common | Call Option | Purchased | 600,000 | 6.0 USD
| American
| 18/07/2025
|
Common | Call Option | Purchased | 1,200 | 6.0 USD
| American
| 17/10/2025
|
Common | Call Option | Purchased | 245,600 | 6.0 USD
| American
| 18/07/2025
|
Common | Put Option | Purchased | -1,400 | 4.0 USD
| American
| 16/01/2026
|
Common | Call Option | Purchased | 150,000 | 4.0 USD
| American
| 20/06/2025
|
Common | Put Option | Purchased | -13,000 | 3.0 USD
| American
| 16/01/2026
|
Common | Call Option | Purchased | 2,300 | 7.0 USD
| American
| 20/06/2025
|
Common | Call Option | Purchased | 2,500 | 10.0 USD
| American
| 16/01/2026
|
Common | Put Option | Purchased | -300 | 5.0 USD
| American
| 17/10/2025
|
Common | Call Option | Purchased | 9,100 | 5.0 USD
| American
| 16/01/2026
|
Common | Call Option | Purchased | 900 | 3.0 USD
| American
| 18/07/2025
|
Common | Call Option | Purchased | 500 | 5.0 USD
| American
| 20/06/2025
|
Common | Put Option | Purchased | -600 | 4.0 USD
| American
| 16/05/2025
|
Common | Put Option | Purchased | -500 | 3.0 USD
| American
| 16/05/2025
|
Common | Call Option | Purchased | 1,000,000 | 5.0 USD
| American
| 20/06/2025
|
Common | Put Option | Purchased | -4,300 | 4.0 USD
| American
| 20/06/2025
|
Common | Put Option | Purchased | -8,500 | 5.0 USD
| American
| 16/01/2026
|
Common | Call Option | Sold | -94,800 | 5.0 USD
| American
| 17/10/2025
|
Common | Call Option | Sold | -200 | 3.0 USD
| American
| 20/06/2025
|
Common | Call Option | Sold | -400 | 3.0 USD
| American
| 17/07/2026
|
Common | Put Option | Sold | 200 | 5.0 USD
| American
| 18/07/2025
|
Common | Call Option | Sold | -118,400 | 7.0 USD
| American
| 16/01/2026
|
Common | Call Option | Sold | -500 | 4.0 USD
| American
| 16/01/2026
|
Common | Call Option | Sold | -6,400 | 4.0 USD
| American
| 17/10/2025
|
Common | Put Option | Sold | 99,900 | 8.0 USD
| American
| 20/06/2025
|
Common | Call Option | Sold | -1,000 | 4.0 USD
| American
| 16/05/2025
|
Common | Call Option | Sold | -200 | 7.0 USD
| American
| 18/07/2025
|
Common | Call Option | Sold | -100 | 3.0 USD
| American
| 17/10/2025
|
Common | Call Option | Sold | -100 | 7.0 USD
| American
| 17/10/2025
|
Common | Call Option | Sold | -2,500 | 4.0 USD
| American
| 17/07/2026
|
Common | Call Option | Sold | -29,400 | 8.0 USD
| American
| 18/07/2025
|
Common | Put Option | Sold | 100 | 3.0 USD
| American
| 20/06/2025
|
Common | Call Option | Sold | -126,900 | 5.0 USD
| American
| 18/07/2025
|
Common | Call Option | Sold | -3,500 | 4.0 USD
| American
| 20/06/2025
|
Common | Call Option | Sold | -36,100 | 5.0 USD
| American
| 17/07/2026
|
Common | Call Option | Sold | -900 | 5.0 USD
| American
| 16/05/2025
|
Common | Call Option | Sold | -9,500 | 4.0 USD
| American
| 18/07/2025
|
Common | Call Option | Sold | -3,400 | 10.0 USD
| American
| 17/07/2026
|
Common | Call Option | Sold | -2,000 | 6.0 USD
| American
| 20/06/2025
|
Common | Call Option | Sold | -800 | 12.0 USD
| American
| 16/01/2026
|
Common | Call Option | Sold | -200 | 15.0 USD
| American
| 16/01/2026
|
Common | Call Option | Sold | -100 | 2.0 USD
| American
| 17/07/2026
|
Common | Call Option | Sold | -1,400 | 3.0 USD
| American
| 16/01/2026
|
3. AGREEMENTS TO PURCHASE OR SELL ETC.
Full details should be given so that the nature of the interest or position can be fully understood: |
|
It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to cash-settled derivatives.
The currency of all prices and other monetary amounts should be stated.
The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
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