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Form 8.3 - American Axle & Manufacturing Holdings

1st Sep 2025 15:00

RNS Number : 4943X
Citadel Group
01 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:

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

29 August 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:

1,346,290

1.13

153,217

0.12

(2) Cash-settled derivatives:

 

0

0.00

0

0.00

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

232,900

0.19

635,600

0.53

 

TOTAL:

1,579,190

1.33

788,817

0.66

 

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

200

5.6800 USD

Common

Buy Transaction

204

5.6900 USD

Common

Buy Transaction

731

5.6902 USD

Common

Buy Transaction

682

5.6934 USD

Common

Buy Transaction

239

5.6974 USD

Common

Buy Transaction

200

5.7050 USD

Common

Buy Transaction

220

5.7052 USD

Common

Buy Transaction

3,641

5.7056 USD

Common

Buy Transaction

350

5.7127 USD

Common

Buy Transaction

275

5.7151 USD

Common

Buy Transaction

267

5.7158 USD

Common

Buy Transaction

157

5.7159 USD

Common

Buy Transaction

635

5.7194 USD

Common

Buy Transaction

218

5.7196 USD

Common

Buy Transaction

1,445

5.7200 USD

Common

Buy Transaction

29,700

5.7210 USD

Common

Buy Transaction

100

5.7251 USD

Common

Buy Transaction

276

5.7257 USD

Common

Buy Transaction

900

5.7267 USD

Common

Buy Transaction

705

5.7270 USD

Common

Buy Transaction

141

5.7272 USD

Common

Buy Transaction

82

5.7276 USD

Common

Buy Transaction

162

5.7285 USD

Common

Buy Transaction

21

5.7286 USD

Common

Buy Transaction

5,321

5.7300 USD

Common

Buy Transaction

466

5.7302 USD

Common

Buy Transaction

996

5.7302 USD

Common

Buy Transaction

30

5.7307 USD

Common

Buy Transaction

1,024

5.7327 USD

Common

Buy Transaction

78

5.7341 USD

Common

Buy Transaction

198

5.7350 USD

Common

Buy Transaction

3,023

5.7359 USD

Common

Buy Transaction

1,727

5.7360 USD

Common

Buy Transaction

49

5.7371 USD

Common

Buy Transaction

37

5.7373 USD

Common

Buy Transaction

4,873

5.7400 USD

Common

Buy Transaction

692

5.7405 USD

Common

Buy Transaction

3,511

5.7420 USD

Common

Buy Transaction

909

5.7440 USD

Common

Buy Transaction

5,627

5.7475 USD

Common

Buy Transaction

7,301

5.7500 USD

Common

Buy Transaction

479

5.7507 USD

Common

Buy Transaction

2,230

5.7524 USD

Common

Buy Transaction

1,944

5.7527 USD

Common

Buy Transaction

2,800

5.7527 USD

Common

Buy Transaction

1,748

5.7532 USD

Common

Buy Transaction

889

5.7543 USD

Common

Buy Transaction

1,413

5.7550 USD

Common

Buy Transaction

2,999

5.7556 USD

Common

Buy Transaction

474

5.7558 USD

Common

Buy Transaction

773

5.7570 USD

Common

Buy Transaction

2,293

5.7579 USD

Common

Buy Transaction

5,498

5.7582 USD

Common

Buy Transaction

1

5.7600 USD

Common

Buy Transaction

450

5.7609 USD

Common

Buy Transaction

3,366

5.7620 USD

Common

Buy Transaction

524

5.7636 USD

Common

Buy Transaction

2,456

5.7642 USD

Common

Buy Transaction

200

5.7650 USD

Common

Buy Transaction

331

5.7663 USD

Common

Buy Transaction

18,000

5.7668 USD

Common

Buy Transaction

13,105

5.7682 USD

Common

Buy Transaction

16,570

5.7685 USD

Common

Buy Transaction

652

5.7687 USD

Common

Buy Transaction

332

5.7689 USD

Common

Buy Transaction

1,100

5.7700 USD

Common

Buy Transaction

26,939

5.7701 USD

Common

Buy Transaction

2,929

5.7713 USD

Common

Buy Transaction

11,571

5.7716 USD

Common

Buy Transaction

5,486

5.7721 USD

Common

Buy Transaction

4,991

5.7731 USD

Common

Buy Transaction

2,938

5.7740 USD

Common

Buy Transaction

845

5.7747 USD

Common

Buy Transaction

4,748

5.7748 USD

Common

Buy Transaction

3,255

5.7752 USD

Common

Buy Transaction

7,134

5.7763 USD

Common

Buy Transaction

9,801

5.7771 USD

Common

Buy Transaction

2,395

5.7779 USD

Common

Buy Transaction

11,316

5.7781 USD

Common

Buy Transaction

6,706

5.7784 USD

Common

Buy Transaction

400

5.7800 USD

Common

Buy Transaction

22,287

5.7803 USD

Common

Buy Transaction

64,104

5.7806 USD

Common

Buy Transaction

3,942

5.7819 USD

Common

Buy Transaction

69

5.7821 USD

Common

Buy Transaction

5,072

5.7822 USD

Common

Buy Transaction

705

5.7829 USD

Common

Buy Transaction

611

5.7837 USD

Common

Buy Transaction

40

5.7838 USD

Common

Buy Transaction

5,541

5.7839 USD

Common

Buy Transaction

4,084

5.7844 USD

Common

Buy Transaction

2,304

5.7850 USD

Common

Buy Transaction

18,408

5.7855 USD

Common

Buy Transaction

17,163

5.7858 USD

Common

Buy Transaction

10,110

5.7859 USD

Common

Buy Transaction

50

5.7862 USD

Common

Buy Transaction

25,662

5.7864 USD

Common

Buy Transaction

2,011

5.7867 USD

Common

Buy Transaction

867

5.7871 USD

Common

Buy Transaction

29,130

5.7875 USD

Common

Buy Transaction

12,963

5.7891 USD

Common

Buy Transaction

553

5.7900 USD

Common

Buy Transaction

407

5.7923 USD

Common

Buy Transaction

1,694

5.7926 USD

Common

Buy Transaction

8,797

5.7931 USD

Common

Buy Transaction

300

5.7933 USD

Common

Buy Transaction

530

5.7934 USD

Common

Buy Transaction

3,900

5.7936 USD

Common

Buy Transaction

5,460

5.7944 USD

Common

Buy Transaction

4,593

5.7946 USD

Common

Buy Transaction

486

5.7950 USD

Common

Buy Transaction

55,907

5.7951 USD

Common

Buy Transaction

115,630

5.7953 USD

Common

Buy Transaction

7

5.7957 USD

Common

Buy Transaction

1,538

5.7963 USD

Common

Buy Transaction

1,449

5.7970 USD

Common

Buy Transaction

822

5.7973 USD

Common

Buy Transaction

3,414

5.7983 USD

Common

Buy Transaction

1,919

5.7999 USD

Common

Buy Transaction

9,047

5.8000 USD

Common

Buy Transaction

3,989

5.8002 USD

Common

Buy Transaction

21,891

5.8003 USD

Common

Buy Transaction

1,993

5.8004 USD

Common

Buy Transaction

5,500

5.8016 USD

Common

Buy Transaction

555

5.8019 USD

Common

Buy Transaction

105,745

5.8024 USD

Common

Buy Transaction

4,659

5.8037 USD

Common

Buy Transaction

5,660

5.8046 USD

Common

Buy Transaction

2,204

5.8046 USD

Common

Buy Transaction

14,800

5.8048 USD

Common

Buy Transaction

604

5.8050 USD

Common

Buy Transaction

1,367

5.8050 USD

Common

Buy Transaction

12,217

5.8058 USD

Common

Buy Transaction

3,043

5.8066 USD

Common

Buy Transaction

16,170

5.8073 USD

Common

Buy Transaction

92,469

5.8075 USD

Common

Buy Transaction

6,797

5.8081 USD

Common

Buy Transaction

481

5.8095 USD

Common

Buy Transaction

2,382

5.8100 USD

Common

Buy Transaction

15,883

5.8100 USD

Common

Buy Transaction

17

5.8118 USD

Common

Buy Transaction

7,299

5.8120 USD

Common

Buy Transaction

250,840

5.8139 USD

Common

Buy Transaction

1,192

5.8150 USD

Common

Buy Transaction

2,039

5.8156 USD

Common

Buy Transaction

4,185

5.8158 USD

Common

Buy Transaction

792

5.8164 USD

Common

Buy Transaction

8,372

5.8177 USD

Common

Buy Transaction

300

5.8183 USD

Common

Buy Transaction

4,001

5.8185 USD

Common

Buy Transaction

580

5.8193 USD

Common

Buy Transaction

393,540

5.8200 USD

Common

Buy Transaction

16,100

5.8205 USD

Common

Buy Transaction

239

5.8210 USD

Common

Buy Transaction

18,590

5.8216 USD

Common

Buy Transaction

575

5.8227 USD

Common

Buy Transaction

4,956

5.8230 USD

Common

Buy Transaction

48

5.8242 USD

Common

Buy Transaction

3,910

5.8243 USD

Common

Buy Transaction

2,056

5.8249 USD

Common

Buy Transaction

27,301

5.8250 USD

Common

Buy Transaction

15

5.8253 USD

Common

Buy Transaction

348

5.8265 USD

Common

Buy Transaction

12,166

5.8271 USD

Common

Buy Transaction

380

5.8281 USD

Common

Buy Transaction

1,408

5.8286 USD

Common

Buy Transaction

245

5.8299 USD

Common

Buy Transaction

511

5.8299 USD

Common

Buy Transaction

3,885

5.8300 USD

Common

Buy Transaction

1

5.8303 USD

Common

Buy Transaction

24

5.8308 USD

Common

Buy Transaction

2,609

5.8311 USD

Common

Buy Transaction

29,039

5.8329 USD

Common

Buy Transaction

567

5.8347 USD

Common

Buy Transaction

116

5.8347 USD

Common

Buy Transaction

579

5.8359 USD

Common

Buy Transaction

2,960

5.8376 USD

Common

Buy Transaction

579

5.8383 USD

Common

Buy Transaction

12,599

5.8390 USD

Common

Buy Transaction

523

5.8395 USD

Common

Buy Transaction

1,687

5.8400 USD

Common

Buy Transaction

2,400

5.8402 USD

Common

Buy Transaction

5,360

5.8403 USD

Common

Buy Transaction

521

5.8431 USD

Common

Buy Transaction

6,142

5.8483 USD

Common

Buy Transaction

700

5.8500 USD

Common

Buy Transaction

100

5.8506 USD

Common

Buy Transaction

940

5.8550 USD

Common

Buy Transaction

564

5.8600 USD

Common

Buy Transaction

2,400

5.8608 USD

Common

Buy Transaction

5,443

5.8649 USD

Common

Buy Transaction

1

5.8657 USD

Common

Buy Transaction

2,480

5.8700 USD

Common

Buy Transaction

11

5.8727 USD

Common

Buy Transaction

3,045

5.8739 USD

Common

Buy Transaction

2

5.8800 USD

Common

Buy Transaction

2,926

5.8900 USD

Common

Buy Transaction

1

5.8958 USD

Common

Buy Transaction

301

5.9000 USD

Common

Buy Transaction

10

5.9100 USD

Common

Sell Transaction

887

5.6800 USD

Common

Sell Transaction

20

5.6895 USD

Common

Sell Transaction

230

5.6900 USD

Common

Sell Transaction

785

5.6950 USD

Common

Sell Transaction

210

5.6990 USD

Common

Sell Transaction

488

5.7128 USD

Common

Sell Transaction

100

5.7150 USD

Common

Sell Transaction

8,069

5.7150 USD

Common

Sell Transaction

302

5.7160 USD

Common

Sell Transaction

241

5.7172 USD

Common

Sell Transaction

1,502

5.7193 USD

Common

Sell Transaction

5

5.7200 USD

Common

Sell Transaction

773

5.7284 USD

Common

Sell Transaction

536

5.7284 USD

Common

Sell Transaction

200

5.7300 USD

Common

Sell Transaction

935

5.7322 USD

Common

Sell Transaction

1,015

5.7400 USD

Common

Sell Transaction

4,574

5.7434 USD

Common

Sell Transaction

5,281

5.7452 USD

Common

Sell Transaction

2,172

5.7460 USD

Common

Sell Transaction

2,300

5.7483 USD

Common

Sell Transaction

8,876

5.7485 USD

Common

Sell Transaction

500

5.7492 USD

Common

Sell Transaction

705

5.7500 USD

Common

Sell Transaction

3,280

5.7511 USD

Common

Sell Transaction

2,116

5.7531 USD

Common

Sell Transaction

1,832

5.7548 USD

Common

Sell Transaction

1,277

5.7550 USD

Common

Sell Transaction

5,934

5.7555 USD

Common

Sell Transaction

5,399

5.7566 USD

Common

Sell Transaction

470

5.7568 USD

Common

Sell Transaction

100

5.7600 USD

Common

Sell Transaction

717

5.7605 USD

Common

Sell Transaction

1,085

5.7623 USD

Common

Sell Transaction

13,200

5.7641 USD

Common

Sell Transaction

800

5.7650 USD

Common

Sell Transaction

700

5.7657 USD

Common

Sell Transaction

1,177

5.7665 USD

Common

Sell Transaction

5,072

5.7669 USD

Common

Sell Transaction

5,110

5.7672 USD

Common

Sell Transaction

3,171

5.7679 USD

Common

Sell Transaction

316

5.7714 USD

Common

Sell Transaction

900

5.7733 USD

Common

Sell Transaction

1,100

5.7736 USD

Common

Sell Transaction

337

5.7765 USD

Common

Sell Transaction

839

5.7771 USD

Common

Sell Transaction

1,331

5.7774 USD

Common

Sell Transaction

5

5.7800 USD

Common

Sell Transaction

802

5.7804 USD

Common

Sell Transaction

3,090

5.7812 USD

Common

Sell Transaction

907

5.7863 USD

Common

Sell Transaction

26

5.7877 USD

Common

Sell Transaction

69

5.7900 USD

Common

Sell Transaction

136

5.8000 USD

Common

Sell Transaction

768

5.8057 USD

Common

Sell Transaction

181

5.8083 USD

Common

Sell Transaction

97

5.8100 USD

Common

Sell Transaction

600

5.8133 USD

Common

Sell Transaction

890

5.8134 USD

Common

Sell Transaction

250,840

5.8139 USD

Common

Sell Transaction

200

5.8150 USD

Common

Sell Transaction

1,721

5.8150 USD

Common

Sell Transaction

540

5.8163 USD

Common

Sell Transaction

30

5.8167 USD

Common

Sell Transaction

1,189

5.8193 USD

Common

Sell Transaction

357,283

5.8200 USD

Common

Sell Transaction

1,766

5.8212 USD

Common

Sell Transaction

11,880

5.8224 USD

Common

Sell Transaction

700

5.8229 USD

Common

Sell Transaction

711

5.8233 USD

Common

Sell Transaction

659

5.8237 USD

Common

Sell Transaction

70

5.8250 USD

Common

Sell Transaction

28,400

5.8251 USD

Common

Sell Transaction

2,850

5.8256 USD

Common

Sell Transaction

2,381

5.8260 USD

Common

Sell Transaction

3,652

5.8260 USD

Common

Sell Transaction

6,330

5.8264 USD

Common

Sell Transaction

2,583

5.8269 USD

Common

Sell Transaction

3,552

5.8270 USD

Common

Sell Transaction

6,818

5.8271 USD

Common

Sell Transaction

100

5.8275 USD

Common

Sell Transaction

2,568

5.8278 USD

Common

Sell Transaction

2,185

5.8280 USD

Common

Sell Transaction

124

5.8281 USD

Common

Sell Transaction

44,901

5.8284 USD

Common

Sell Transaction

274

5.8285 USD

Common

Sell Transaction

2,513

5.8287 USD

Common

Sell Transaction

1,698

5.8288 USD

Common

Sell Transaction

7,128

5.8297 USD

Common

Sell Transaction

2,920

5.8300 USD

Common

Sell Transaction

320

5.8305 USD

Common

Sell Transaction

4,254

5.8305 USD

Common

Sell Transaction

7,698

5.8309 USD

Common

Sell Transaction

3,166

5.8316 USD

Common

Sell Transaction

245

5.8317 USD

Common

Sell Transaction

1

5.8318 USD

Common

Sell Transaction

2,337

5.8325 USD

Common

Sell Transaction

3,500

5.8326 USD

Common

Sell Transaction

6,694

5.8331 USD

Common

Sell Transaction

2,582

5.8333 USD

Common

Sell Transaction

2,500

5.8340 USD

Common

Sell Transaction

230

5.8365 USD

Common

Sell Transaction

7,793

5.8367 USD

Common

Sell Transaction

7,700

5.8368 USD

Common

Sell Transaction

2,477

5.8371 USD

Common

Sell Transaction

7,835

5.8376 USD

Common

Sell Transaction

1,291

5.8376 USD

Common

Sell Transaction

9,131

5.8380 USD

Common

Sell Transaction

860

5.8388 USD

Common

Sell Transaction

223

5.8399 USD

Common

Sell Transaction

302

5.8400 USD

Common

Sell Transaction

3,121

5.8403 USD

Common

Sell Transaction

6,809

5.8424 USD

Common

Sell Transaction

131

5.8432 USD

Common

Sell Transaction

297

5.8439 USD

Common

Sell Transaction

12,351

5.8447 USD

Common

Sell Transaction

600

5.8450 USD

Common

Sell Transaction

17,022

5.8451 USD

Common

Sell Transaction

25

5.8452 USD

Common

Sell Transaction

195

5.8454 USD

Common

Sell Transaction

8,700

5.8478 USD

Common

Sell Transaction

8

5.8487 USD

Common

Sell Transaction

718

5.8494 USD

Common

Sell Transaction

1,833

5.8494 USD

Common

Sell Transaction

10,054

5.8500 USD

Common

Sell Transaction

1,901

5.8500 USD

Common

Sell Transaction

48

5.8506 USD

Common

Sell Transaction

97

5.8510 USD

Common

Sell Transaction

356

5.8521 USD

Common

Sell Transaction

139

5.8549 USD

Common

Sell Transaction

103

5.8553 USD

Common

Sell Transaction

13

5.8577 USD

Common

Sell Transaction

1,610

5.8582 USD

Common

Sell Transaction

1,309

5.8600 USD

Common

Sell Transaction

3

5.8667 USD

Common

Sell Transaction

5,968

5.8688 USD

Common

Sell Transaction

501

5.8691 USD

Common

Sell Transaction

1,216

5.8697 USD

Common

Sell Transaction

4,851

5.8700 USD

Common

Sell Transaction

35

5.8714 USD

Common

Sell Transaction

10,352

5.8739 USD

Common

Sell Transaction

8

5.8762 USD

Common

Sell Transaction

21

5.8800 USD

Common

Sell Transaction

300

5.8867 USD

Common

Sell Transaction

0

5.8995 USD

Common

Sell Transaction

309

5.9000 USD

Common

Sell Transaction

407

5.9094 USD

Common

Sell Transaction

45,636

5.9099 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

 

(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

Put Option

Buy Transaction

100

4.0000 USD

American

2026-01-16

0.1000 USD

Common

Call Option

Buy Transaction

100

10.0000 USD

American

2026-07-17

0.3000 USD

Common

Call Option

Buy Transaction

100

9.0000 USD

American

2026-04-17

0.3400 USD

Common

Put Option

Buy Transaction

100

5.0000 USD

American

2026-01-16

0.4100 USD

Common

Call Option

Buy Transaction

2,600

6.0000 USD

American

2026-04-17

0.9500 USD

Common

Call Option

Buy Transaction

200

5.0000 USD

American

2025-10-17

0.9700 USD

Common

Put Option

Buy Transaction

100

7.0000 USD

American

2026-01-16

1.4800 USD

Common

Call Option

Buy Transaction

100

5.0000 USD

American

2026-07-17

1.6500 USD

Common

Call Option

Sell Transaction

200

6.0000 USD

American

2025-09-19

0.2500 USD

Common

Call Option

Sell Transaction

100

6.0000 USD

American

2025-10-17

0.2800 USD

Common

Call Option

Sell Transaction

200

7.0000 USD

American

2026-12-18

1.1500 USD

Common

Call Option

Sell Transaction

800

7.0000 USD

American

2026-12-18

1.1600 USD

Common

Call Option

Sell Transaction

200

7.0000 USD

American

2026-12-18

1.2000 USD

Common

Put Option

Sell Transaction

100

7.0000 USD

American

2025-10-17

1.2100 USD

Common

Put Option

Sell Transaction

100

7.0000 USD

American

2026-01-16

1.4100 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:

1 September 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

300

3.0 USD

 

American

 

17/10/2025

 

Common

Call Option

Purchased

17,600

7.0 USD

 

American

 

17/10/2025

 

Common

Call Option

Purchased

100

8.0 USD

 

American

 

16/01/2026

 

Common

Put Option

Purchased

-400

5.0 USD

 

American

 

19/09/2025

 

Common

Call Option

Purchased

100

4.0 USD

 

American

 

19/09/2025

 

Common

Call Option

Purchased

9,000

6.0 USD

 

American

 

19/09/2025

 

Common

Call Option

Purchased

44,200

6.0 USD

 

American

 

16/01/2026

 

Common

Put Option

Purchased

-8,200

6.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Purchased

800

3.0 USD

 

American

 

17/07/2026

 

Common

Put Option

Purchased

-17,200

3.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Purchased

1,400

5.0 USD

 

American

 

19/09/2025

 

Common

Call Option

Purchased

1,000

8.0 USD

 

American

 

17/10/2025

 

Common

Call Option

Purchased

43,500

6.0 USD

 

American

 

17/10/2025

 

Common

Call Option

Purchased

3,000

10.0 USD

 

American

 

16/01/2026

 

Common

Put Option

Purchased

-500

3.0 USD

 

American

 

17/04/2026

 

Common

Put Option

Purchased

-215,700

4.0 USD

 

American

 

16/01/2026

 

Common

Put Option

Purchased

-1,200

5.0 USD

 

American

 

17/07/2026

 

Common

Call Option

Purchased

100

9.0 USD

 

American

 

17/04/2026

 

Common

Put Option

Purchased

-10,700

5.0 USD

 

American

 

17/04/2026

 

Common

Call Option

Purchased

15,700

4.0 USD

 

American

 

17/10/2025

 

Common

Call Option

Purchased

300

2.0 USD

 

American

 

17/10/2025

 

Common

Call Option

Purchased

1,000

5.0 USD

 

American

 

17/04/2026

 

Common

Call Option

Sold

-54,300

5.0 USD

 

American

 

16/01/2026

 

Common

Put Option

Sold

800

5.0 USD

 

American

 

17/10/2025

 

Common

Call Option

Sold

-900

10.0 USD

 

American

 

17/07/2026

 

Common

Call Option

Sold

-1,400

4.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Sold

-12,500

15.0 USD

 

American

 

16/01/2026

 

Common

Put Option

Sold

200

6.0 USD

 

American

 

17/10/2025

 

Common

Put Option

Sold

600

3.0 USD

 

American

 

17/10/2025

 

Common

Call Option

Sold

-100

1.0 USD

 

American

 

17/07/2026

 

Common

Call Option

Sold

-128,700

5.0 USD

 

American

 

17/10/2025

 

Common

Call Option

Sold

-1,000

7.0 USD

 

American

 

17/07/2026

 

Common

Call Option

Sold

-1,200

7.0 USD

 

American

 

18/12/2026

 

Common

Call Option

Sold

-41,400

5.0 USD

 

American

 

17/07/2026

 

Common

Call Option

Sold

-22,100

6.0 USD

 

American

 

17/04/2026

 

Common

Put Option

Sold

100

7.0 USD

 

American

 

16/01/2026

 

Common

Put Option

Sold

92,500

5.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Sold

-109,200

7.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Sold

-900

4.0 USD

 

American

 

17/07/2026

 

Common

Call Option

Sold

-1,400

3.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Sold

-400

5.0 USD

 

American

 

18/12/2026

 

Common

Call Option

Sold

-6,200

12.0 USD

 

American

 

16/01/2026

 

Common

Put Option

Sold

600

6.0 USD

 

American

 

19/09/2025

 

 

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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