17th Apr 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 | 16 April 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: | 351,752 | 0.29 | 488,989 | 0.41 |
(2) Cash-settled derivatives:
| 83,851 | 0.07 | 0 | 0.00 |
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 2,121,600 | 1.79 | 595,400 | 0.50 |
TOTAL: | 2,557,203 | 2.16 | 1,084,389 | 0.91 |
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 | 112 | 3.1800 USD |
Common | Buy Transaction | 3,297 | 3.1829 USD |
Common | Buy Transaction | 680 | 3.1848 USD |
Common | Buy Transaction | 4,831 | 3.1864 USD |
Common | Buy Transaction | 36 | 3.1869 USD |
Common | Buy Transaction | 188 | 3.1900 USD |
Common | Buy Transaction | 334 | 3.1904 USD |
Common | Buy Transaction | 10,076 | 3.1912 USD |
Common | Buy Transaction | 173 | 3.1916 USD |
Common | Buy Transaction | 471 | 3.1942 USD |
Common | Buy Transaction | 100 | 3.1950 USD |
Common | Buy Transaction | 219 | 3.1950 USD |
Common | Buy Transaction | 12,685 | 3.1959 USD |
Common | Buy Transaction | 329 | 3.1964 USD |
Common | Buy Transaction | 904 | 3.1975 USD |
Common | Buy Transaction | 498 | 3.1978 USD |
Common | Buy Transaction | 149 | 3.1980 USD |
Common | Buy Transaction | 299 | 3.1985 USD |
Common | Buy Transaction | 389 | 3.1987 USD |
Common | Buy Transaction | 1,887 | 3.2000 USD |
Common | Buy Transaction | 1,998 | 3.2003 USD |
Common | Buy Transaction | 495 | 3.2015 USD |
Common | Buy Transaction | 1,400 | 3.2021 USD |
Common | Buy Transaction | 213 | 3.2047 USD |
Common | Buy Transaction | 10,106 | 3.2052 USD |
Common | Buy Transaction | 7,700 | 3.2062 USD |
Common | Buy Transaction | 362 | 3.2063 USD |
Common | Buy Transaction | 524 | 3.2063 USD |
Common | Buy Transaction | 2,638 | 3.2064 USD |
Common | Buy Transaction | 1,100 | 3.2064 USD |
Common | Buy Transaction | 600 | 3.2067 USD |
Common | Buy Transaction | 20 | 3.2090 USD |
Common | Buy Transaction | 21,104 | 3.2091 USD |
Common | Buy Transaction | 1,205 | 3.2092 USD |
Common | Buy Transaction | 310 | 3.2094 USD |
Common | Buy Transaction | 289 | 3.2096 USD |
Common | Buy Transaction | 227 | 3.2098 USD |
Common | Buy Transaction | 1,859 | 3.2100 USD |
Common | Buy Transaction | 4,889 | 3.2110 USD |
Common | Buy Transaction | 638 | 3.2121 USD |
Common | Buy Transaction | 1 | 3.2129 USD |
Common | Buy Transaction | 1,200 | 3.2133 USD |
Common | Buy Transaction | 1,295 | 3.2135 USD |
Common | Buy Transaction | 782 | 3.2138 USD |
Common | Buy Transaction | 2,356 | 3.2142 USD |
Common | Buy Transaction | 700 | 3.2143 USD |
Common | Buy Transaction | 1,753 | 3.2145 USD |
Common | Buy Transaction | 1,187 | 3.2146 USD |
Common | Buy Transaction | 690 | 3.2150 USD |
Common | Buy Transaction | 70 | 3.2150 USD |
Common | Buy Transaction | 109 | 3.2159 USD |
Common | Buy Transaction | 135 | 3.2161 USD |
Common | Buy Transaction | 617 | 3.2165 USD |
Common | Buy Transaction | 15 | 3.2167 USD |
Common | Buy Transaction | 728 | 3.2169 USD |
Common | Buy Transaction | 177 | 3.2169 USD |
Common | Buy Transaction | 1,112 | 3.2171 USD |
Common | Buy Transaction | 1,800 | 3.2172 USD |
Common | Buy Transaction | 522 | 3.2173 USD |
Common | Buy Transaction | 623 | 3.2174 USD |
Common | Buy Transaction | 761 | 3.2175 USD |
Common | Buy Transaction | 245 | 3.2178 USD |
Common | Buy Transaction | 500 | 3.2180 USD |
Common | Buy Transaction | 3 | 3.2185 USD |
Common | Buy Transaction | 325 | 3.2186 USD |
Common | Buy Transaction | 555 | 3.2186 USD |
Common | Buy Transaction | 1,325 | 3.2192 USD |
Common | Buy Transaction | 47,960 | 3.2195 USD |
Common | Buy Transaction | 79,059 | 3.2200 USD |
Common | Buy Transaction | 60,127 | 3.2200 USD |
Common | Buy Transaction | 663 | 3.2207 USD |
Common | Buy Transaction | 1,444 | 3.2210 USD |
Common | Buy Transaction | 24,900 | 3.2211 USD |
Common | Buy Transaction | 133 | 3.2226 USD |
Common | Buy Transaction | 5,382 | 3.2235 USD |
Common | Buy Transaction | 580 | 3.2250 USD |
Common | Buy Transaction | 209 | 3.2250 USD |
Common | Buy Transaction | 233 | 3.2257 USD |
Common | Buy Transaction | 585 | 3.2260 USD |
Common | Buy Transaction | 500 | 3.2260 USD |
Common | Buy Transaction | 658 | 3.2274 USD |
Common | Buy Transaction | 498 | 3.2286 USD |
Common | Buy Transaction | 4,446 | 3.2287 USD |
Common | Buy Transaction | 1,157 | 3.2300 USD |
Common | Buy Transaction | 18,363 | 3.2306 USD |
Common | Buy Transaction | 9 | 3.2322 USD |
Common | Buy Transaction | 5,994 | 3.2350 USD |
Common | Buy Transaction | 75 | 3.2353 USD |
Common | Buy Transaction | 11,875 | 3.2359 USD |
Common | Buy Transaction | 16 | 3.2400 USD |
Common | Buy Transaction | 113 | 3.2465 USD |
Common | Buy Transaction | 81 | 3.2500 USD |
Common | Buy Transaction | 100 | 3.2600 USD |
Common | DVP Transaction | 50 | 3.2000 USD |
Common | DVP Transaction | 2,166 | 3.2100 USD |
Common | DVP Transaction | 2,090 | 3.2104 USD |
Common | DVP Transaction | 585 | 3.2200 USD |
Common | DVP Transaction | 510 | 3.2222 USD |
Common | DVP Transaction | 11,341 | 3.2300 USD |
Common | DVP Transaction | 5,994 | 3.2350 USD |
Common | DVP Transaction | 1,027 | 3.2350 USD |
Common | DVP Transaction | 1 | 3.2400 USD |
Common | DVP Transaction | 1 | 3.2450 USD |
Common | RVP Transaction | 50 | 3.2000 USD |
Common | RVP Transaction | 2,159 | 3.2100 USD |
Common | RVP Transaction | 2,377 | 3.2116 USD |
Common | RVP Transaction | 351 | 3.2150 USD |
Common | RVP Transaction | 306 | 3.2200 USD |
Common | RVP Transaction | 10 | 3.2250 USD |
Common | RVP Transaction | 6,328 | 3.2300 USD |
Common | RVP Transaction | 5,016 | 3.2301 USD |
Common | RVP Transaction | 766 | 3.2340 USD |
Common | RVP Transaction | 6,294 | 3.2350 USD |
Common | RVP Transaction | 103 | 3.2450 USD |
Common | RVP Transaction | 5 | 3.2460 USD |
Common | Sell Transaction | 210 | 3.1700 USD |
Common | Sell Transaction | 1,112 | 3.1739 USD |
Common | Sell Transaction | 1,666 | 3.1800 USD |
Common | Sell Transaction | 103 | 3.1809 USD |
Common | Sell Transaction | 165 | 3.1839 USD |
Common | Sell Transaction | 1,232 | 3.1841 USD |
Common | Sell Transaction | 2,336 | 3.1845 USD |
Common | Sell Transaction | 1,022 | 3.1846 USD |
Common | Sell Transaction | 327 | 3.1858 USD |
Common | Sell Transaction | 159 | 3.1879 USD |
Common | Sell Transaction | 4,471 | 3.1900 USD |
Common | Sell Transaction | 267 | 3.1913 USD |
Common | Sell Transaction | 1,200 | 3.1921 USD |
Common | Sell Transaction | 126 | 3.1944 USD |
Common | Sell Transaction | 761 | 3.1955 USD |
Common | Sell Transaction | 637 | 3.1972 USD |
Common | Sell Transaction | 1,268 | 3.1979 USD |
Common | Sell Transaction | 690 | 3.1982 USD |
Common | Sell Transaction | 552 | 3.1983 USD |
Common | Sell Transaction | 1,579 | 3.2000 USD |
Common | Sell Transaction | 806 | 3.2003 USD |
Common | Sell Transaction | 2,841 | 3.2003 USD |
Common | Sell Transaction | 300 | 3.2016 USD |
Common | Sell Transaction | 1,383 | 3.2022 USD |
Common | Sell Transaction | 1,822 | 3.2040 USD |
Common | Sell Transaction | 3,562 | 3.2048 USD |
Common | Sell Transaction | 8,148 | 3.2058 USD |
Common | Sell Transaction | 1,850 | 3.2082 USD |
Common | Sell Transaction | 360 | 3.2088 USD |
Common | Sell Transaction | 1,338 | 3.2090 USD |
Common | Sell Transaction | 643 | 3.2097 USD |
Common | Sell Transaction | 507 | 3.2097 USD |
Common | Sell Transaction | 10,367 | 3.2099 USD |
Common | Sell Transaction | 10,664 | 3.2100 USD |
Common | Sell Transaction | 5,919 | 3.2100 USD |
Common | Sell Transaction | 86,960 | 3.2102 USD |
Common | Sell Transaction | 3,844 | 3.2102 USD |
Common | Sell Transaction | 208 | 3.2104 USD |
Common | Sell Transaction | 6,915 | 3.2109 USD |
Common | Sell Transaction | 3,406 | 3.2116 USD |
Common | Sell Transaction | 2,065 | 3.2116 USD |
Common | Sell Transaction | 10,984 | 3.2118 USD |
Common | Sell Transaction | 762 | 3.2120 USD |
Common | Sell Transaction | 461 | 3.2122 USD |
Common | Sell Transaction | 416 | 3.2122 USD |
Common | Sell Transaction | 601 | 3.2133 USD |
Common | Sell Transaction | 1 | 3.2135 USD |
Common | Sell Transaction | 4,644 | 3.2138 USD |
Common | Sell Transaction | 315 | 3.2149 USD |
Common | Sell Transaction | 1,950 | 3.2150 USD |
Common | Sell Transaction | 1,200 | 3.2150 USD |
Common | Sell Transaction | 1,179 | 3.2153 USD |
Common | Sell Transaction | 6,728 | 3.2157 USD |
Common | Sell Transaction | 2,141 | 3.2164 USD |
Common | Sell Transaction | 1,042 | 3.2167 USD |
Common | Sell Transaction | 3,702 | 3.2178 USD |
Common | Sell Transaction | 305 | 3.2190 USD |
Common | Sell Transaction | 281 | 3.2196 USD |
Common | Sell Transaction | 99 | 3.2199 USD |
Common | Sell Transaction | 1,653 | 3.2199 USD |
Common | Sell Transaction | 1,260 | 3.2200 USD |
Common | Sell Transaction | 26,020 | 3.2200 USD |
Common | Sell Transaction | 41 | 3.2212 USD |
Common | Sell Transaction | 2,519 | 3.2229 USD |
Common | Sell Transaction | 300 | 3.2233 USD |
Common | Sell Transaction | 121 | 3.2235 USD |
Common | Sell Transaction | 836 | 3.2236 USD |
Common | Sell Transaction | 2,274 | 3.2246 USD |
Common | Sell Transaction | 212 | 3.2250 USD |
Common | Sell Transaction | 1,414 | 3.2290 USD |
Common | Sell Transaction | 1,912 | 3.2290 USD |
Common | Sell Transaction | 1,812 | 3.2292 USD |
Common | Sell Transaction | 662 | 3.2294 USD |
Common | Sell Transaction | 900 | 3.2299 USD |
Common | Sell Transaction | 300 | 3.2300 USD |
Common | Sell Transaction | 12 | 3.2308 USD |
Common | Sell Transaction | 4,638 | 3.2319 USD |
Common | Sell Transaction | 3,585 | 3.2325 USD |
Common | Sell Transaction | 200 | 3.2350 USD |
Common | Sell Transaction | 15 | 3.2353 USD |
Common | Sell Transaction | 103 | 3.2400 USD |
Common | Sell Transaction | 228 | 3.2407 USD |
Common | Sell Transaction | 300 | 3.2433 USD |
Common | Sell Transaction | 212 | 3.2450 USD |
Common | Sell Transaction | 266 | 3.2486 USD |
Common | Sell Transaction | 8,466 | 3.2500 USD |
Common | Sell Transaction | 10 | 3.2700 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 | 11,520 | 3.2222 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 | 1 | 3.0000 USD | American | 2025-Apr-17 | 0.2500 USD |
Common | Call Option | Buy Transaction | 1 | 3.0000 USD | American | 2025-May-16 | 0.3500 USD |
Common | Call Option | Buy Transaction | 10 | 3.0000 USD | American | 2025-May-16 | 0.3900 USD |
Common | Call Option | Buy Transaction | 10 | 3.0000 USD | American | 2025-May-16 | 0.4000 USD |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit |
Common | Put Option | Exercised against | 6 | 5.0000 USD
|
(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: | 17 April 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 | Put Option | Purchased | -5,900 | 4.0 USD
| American
| 17/04/2025
|
Common | Call Option | Purchased | 800 | 5.0 USD
| American
| 16/01/2026
|
Common | Put Option | Purchased | -1,000 | 5.0 USD
| American
| 17/04/2025
|
Common | Call Option | Purchased | 800 | 5.0 USD
| American
| 16/05/2025
|
Common | Call Option | Purchased | 300 | 8.0 USD
| American
| 20/06/2025
|
Common | Call Option | Purchased | 6,000 | 5.0 USD
| American
| 20/06/2025
|
Common | Call Option | Purchased | 200 | 6.0 USD
| American
| 17/10/2025
|
Common | Put Option | Purchased | -13,000 | 3.0 USD
| American
| 16/01/2026
|
Common | Put Option | Purchased | -1,400 | 4.0 USD
| American
| 16/01/2026
|
Common | Call Option | Purchased | 245,600 | 6.0 USD
| American
| 18/07/2025
|
Common | Put Option | Purchased | -5,400 | 4.0 USD
| American
| 18/07/2025
|
Common | Call Option | Purchased | 700 | 10.0 USD
| American
| 18/07/2025
|
Common | Put Option | Purchased | -1,400 | 5.0 USD
| American
| 20/06/2025
|
Common | Call Option | Purchased | 2,300 | 7.0 USD
| American
| 20/06/2025
|
Common | Put Option | Purchased | -300 | 5.0 USD
| American
| 17/10/2025
|
Common | Put Option | Purchased | -99,800 | 7.0 USD
| American
| 20/06/2025
|
Common | Put Option | Purchased | -104,200 | 6.0 USD
| American
| 20/06/2025
|
Common | Call Option | Purchased | 150,000 | 4.0 USD
| American
| 20/06/2025
|
Common | Call Option | Purchased | 2,500 | 10.0 USD
| American
| 16/01/2026
|
Common | Put Option | Purchased | -4,300 | 4.0 USD
| American
| 20/06/2025
|
Common | Put Option | Purchased | -8,400 | 5.0 USD
| American
| 16/01/2026
|
Common | Put Option | Purchased | -400 | 3.0 USD
| American
| 17/04/2025
|
Common | Call Option | Purchased | 200 | 3.0 USD
| American
| 16/05/2025
|
Common | Call Option | Purchased | 600 | 10.0 USD
| American
| 17/04/2025
|
Common | Put Option | Purchased | -400 | 4.0 USD
| American
| 16/05/2025
|
Common | Call Option | Purchased | 1,000,000 | 5.0 USD
| American
| 20/06/2025
|
Common | Put Option | Purchased | -700 | 7.0 USD
| American
| 18/07/2025
|
Common | Put Option | Purchased | -900 | 5.0 USD
| American
| 17/07/2026
|
Common | Call Option | Purchased | 6,000 | 4.0 USD
| American
| 17/10/2025
|
Common | Call Option | Purchased | 600,000 | 6.0 USD
| American
| 18/07/2025
|
Common | Call Option | Purchased | 800 | 4.0 USD
| American
| 17/04/2025
|
Common | Call Option | Sold | -29,400 | 8.0 USD
| American
| 18/07/2025
|
Common | Call Option | Sold | -100 | 7.0 USD
| American
| 17/10/2025
|
Common | Put Option | Sold | 200 | 5.0 USD
| American
| 18/07/2025
|
Common | Call Option | Sold | -100 | 3.0 USD
| American
| 17/10/2025
|
Common | Call Option | Sold | -800 | 12.0 USD
| American
| 16/01/2026
|
Common | Call Option | Sold | -2,500 | 4.0 USD
| American
| 17/07/2026
|
Common | Call Option | Sold | -12,700 | 7.0 USD
| American
| 17/04/2025
|
Common | Call Option | Sold | -200 | 15.0 USD
| American
| 16/01/2026
|
Common | Call Option | Sold | -200 | 7.0 USD
| American
| 18/07/2025
|
Common | Call Option | Sold | -3,400 | 10.0 USD
| American
| 17/07/2026
|
Common | Call Option | Sold | -2,800 | 4.0 USD
| American
| 20/06/2025
|
Common | Call Option | Sold | -200 | 3.0 USD
| American
| 20/06/2025
|
Common | Put Option | Sold | 99,900 | 8.0 USD
| American
| 20/06/2025
|
Common | Call Option | Sold | -1,400 | 3.0 USD
| American
| 16/01/2026
|
Common | Call Option | Sold | -500 | 3.0 USD
| American
| 17/07/2026
|
Common | Call Option | Sold | -36,100 | 5.0 USD
| American
| 17/07/2026
|
Common | Call Option | Sold | -101,000 | 5.0 USD
| American
| 18/07/2025
|
Common | Call Option | Sold | -1,900 | 9.0 USD
| American
| 17/04/2025
|
Common | Put Option | Sold | 4,700 | 6.0 USD
| American
| 17/04/2025
|
Common | Call Option | Sold | -8,600 | 8.0 USD
| American
| 17/04/2025
|
Common | Call Option | Sold | -2,000 | 6.0 USD
| American
| 20/06/2025
|
Common | Call Option | Sold | -13,900 | 5.0 USD
| American
| 17/04/2025
|
Common | Call Option | Sold | -1,700 | 6.0 USD
| American
| 17/04/2025
|
Common | Call Option | Sold | -9,500 | 4.0 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
|
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.
Related Shares:
Dowlais