Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Form 8.3 - American Axle & Manufacturing Holdings

10th Jun 2025 15:00

RNS Number : 2215M
Citadel Group
10 June 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

9 June 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:

1,851,913

1.56

0

0.00

(2) Cash-settled derivatives:

 

655,492

0.55

0

0.00

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

989,700

0.83

1,001,500

0.84

 

TOTAL:

3,497,105

2.94

1,001,500

0.84

 

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

1,105

4.2528 USD

Common

Buy Transaction

5

4.2550 USD

Common

Buy Transaction

1,619

4.2600 USD

Common

Buy Transaction

559

4.2700 USD

Common

Buy Transaction

396

4.2713 USD

Common

Buy Transaction

498

4.2720 USD

Common

Buy Transaction

470

4.2724 USD

Common

Buy Transaction

1

4.2744 USD

Common

Buy Transaction

1

4.2800 USD

Common

Buy Transaction

728

4.2850 USD

Common

Buy Transaction

1

4.2883 USD

Common

Buy Transaction

97

4.2900 USD

Common

Buy Transaction

10

4.2910 USD

Common

Buy Transaction

8,176

4.2914 USD

Common

Buy Transaction

113

4.2921 USD

Common

Buy Transaction

10,600

4.2992 USD

Common

Buy Transaction

1,855

4.3000 USD

Common

Buy Transaction

600

4.3033 USD

Common

Buy Transaction

8,134

4.3036 USD

Common

Buy Transaction

10

4.3050 USD

Common

Buy Transaction

256

4.3053 USD

Common

Buy Transaction

1,159

4.3056 USD

Common

Buy Transaction

962

4.3100 USD

Common

Buy Transaction

300

4.3133 USD

Common

Buy Transaction

200

4.3150 USD

Common

Buy Transaction

382

4.3200 USD

Common

Buy Transaction

1,172

4.3207 USD

Common

Buy Transaction

964

4.3212 USD

Common

Buy Transaction

190

4.3232 USD

Common

Buy Transaction

85

4.3250 USD

Common

Buy Transaction

261

4.3253 USD

Common

Buy Transaction

425

4.3258 USD

Common

Buy Transaction

290

4.3272 USD

Common

Buy Transaction

229

4.3275 USD

Common

Buy Transaction

185

4.3282 USD

Common

Buy Transaction

901

4.3300 USD

Common

Buy Transaction

221

4.3300 USD

Common

Buy Transaction

177

4.3314 USD

Common

Buy Transaction

512

4.3331 USD

Common

Buy Transaction

153

4.3344 USD

Common

Buy Transaction

372

4.3350 USD

Common

Buy Transaction

10,800

4.3355 USD

Common

Buy Transaction

3,151

4.3356 USD

Common

Buy Transaction

29,510

4.3388 USD

Common

Buy Transaction

8,400

4.3419 USD

Common

Buy Transaction

800

4.3425 USD

Common

Buy Transaction

1,439

4.3428 USD

Common

Buy Transaction

77

4.3443 USD

Common

Buy Transaction

200

4.3450 USD

Common

Buy Transaction

437

4.3451 USD

Common

Buy Transaction

257

4.3461 USD

Common

Buy Transaction

22,941

4.3499 USD

Common

Buy Transaction

2,893

4.3500 USD

Common

Buy Transaction

2,917

4.3512 USD

Common

Buy Transaction

800

4.3513 USD

Common

Buy Transaction

14,739

4.3533 USD

Common

Buy Transaction

1,616

4.3546 USD

Common

Buy Transaction

600

4.3550 USD

Common

Buy Transaction

1,300

4.3562 USD

Common

Buy Transaction

948

4.3571 USD

Common

Buy Transaction

2,000

4.3575 USD

Common

Buy Transaction

2,530

4.3575 USD

Common

Buy Transaction

1,689

4.3582 USD

Common

Buy Transaction

858

4.3588 USD

Common

Buy Transaction

6,728

4.3600 USD

Common

Buy Transaction

3,604

4.3620 USD

Common

Buy Transaction

800

4.3625 USD

Common

Buy Transaction

400

4.3637 USD

Common

Buy Transaction

7,678

4.3645 USD

Common

Buy Transaction

6,731

4.3689 USD

Common

Buy Transaction

1,205

4.3698 USD

Common

Buy Transaction

400

4.3709 USD

Common

Buy Transaction

862

4.3749 USD

Common

Buy Transaction

1,454

4.3777 USD

Common

Buy Transaction

573

4.3800 USD

Common

Buy Transaction

800

4.3812 USD

Common

Buy Transaction

1,091

4.3837 USD

Common

Buy Transaction

58

4.3900 USD

Common

Buy Transaction

449

4.4000 USD

Common

DVP Transaction

1

4.0500 USD

Common

DVP Transaction

130

4.2500 USD

Common

DVP Transaction

21

4.2552 USD

Common

DVP Transaction

60

4.2600 USD

Common

DVP Transaction

111

4.2650 USD

Common

DVP Transaction

1,700

4.2679 USD

Common

DVP Transaction

59

4.2700 USD

Common

DVP Transaction

300

4.2750 USD

Common

DVP Transaction

15,091

4.2784 USD

Common

DVP Transaction

100

4.2850 USD

Common

DVP Transaction

1,100

4.2852 USD

Common

DVP Transaction

460

4.2950 USD

Common

DVP Transaction

928

4.2991 USD

Common

DVP Transaction

3,952

4.3033 USD

Common

DVP Transaction

5,830

4.3043 USD

Common

DVP Transaction

1,291

4.3048 USD

Common

DVP Transaction

3,747

4.3049 USD

Common

DVP Transaction

600

4.3050 USD

Common

DVP Transaction

2,906

4.3064 USD

Common

DVP Transaction

6,252

4.3097 USD

Common

DVP Transaction

260

4.3100 USD

Common

DVP Transaction

10,773

4.3125 USD

Common

DVP Transaction

400

4.3125 USD

Common

DVP Transaction

200

4.3150 USD

Common

DVP Transaction

65

4.3151 USD

Common

DVP Transaction

502

4.3169 USD

Common

DVP Transaction

300

4.3217 USD

Common

DVP Transaction

400

4.3325 USD

Common

DVP Transaction

272

4.4000 USD

Common

RVP Transaction

1

4.0500 USD

Common

RVP Transaction

21

4.2552 USD

Common

RVP Transaction

60

4.2600 USD

Common

RVP Transaction

59

4.2700 USD

Common

RVP Transaction

57,273

4.2982 USD

Common

RVP Transaction

60

4.3100 USD

Common

RVP Transaction

337

4.3836 USD

Common

Sell Transaction

377

4.2500 USD

Common

Sell Transaction

84

4.2550 USD

Common

Sell Transaction

869

4.2599 USD

Common

Sell Transaction

1,481

4.2600 USD

Common

Sell Transaction

1

4.2668 USD

Common

Sell Transaction

14,689

4.2700 USD

Common

Sell Transaction

4

4.2800 USD

Common

Sell Transaction

150

4.2900 USD

Common

Sell Transaction

454

4.2944 USD

Common

Sell Transaction

540

4.2997 USD

Common

Sell Transaction

1

4.3000 USD

Common

Sell Transaction

18,228

4.3073 USD

Common

Sell Transaction

13

4.3092 USD

Common

Sell Transaction

3,951

4.3098 USD

Common

Sell Transaction

2

4.3100 USD

Common

Sell Transaction

400

4.3125 USD

Common

Sell Transaction

666

4.3126 USD

Common

Sell Transaction

127

4.3150 USD

Common

Sell Transaction

358

4.3154 USD

Common

Sell Transaction

1,891

4.3157 USD

Common

Sell Transaction

2,797

4.3166 USD

Common

Sell Transaction

1,695

4.3177 USD

Common

Sell Transaction

30

4.3183 USD

Common

Sell Transaction

3,960

4.3185 USD

Common

Sell Transaction

1,717

4.3188 USD

Common

Sell Transaction

48

4.3200 USD

Common

Sell Transaction

638

4.3208 USD

Common

Sell Transaction

600

4.3210 USD

Common

Sell Transaction

1,399

4.3239 USD

Common

Sell Transaction

1,124

4.3254 USD

Common

Sell Transaction

144

4.3254 USD

Common

Sell Transaction

1,832

4.3264 USD

Common

Sell Transaction

2,173

4.3274 USD

Common

Sell Transaction

10,018

4.3291 USD

Common

Sell Transaction

1,020

4.3291 USD

Common

Sell Transaction

19,941

4.3296 USD

Common

Sell Transaction

519

4.3300 USD

Common

Sell Transaction

570

4.3305 USD

Common

Sell Transaction

276

4.3311 USD

Common

Sell Transaction

500

4.3320 USD

Common

Sell Transaction

5,568

4.3329 USD

Common

Sell Transaction

32

4.3331 USD

Common

Sell Transaction

725

4.3346 USD

Common

Sell Transaction

356

4.3346 USD

Common

Sell Transaction

1,100

4.3355 USD

Common

Sell Transaction

231

4.3368 USD

Common

Sell Transaction

104

4.3369 USD

Common

Sell Transaction

2,916

4.3370 USD

Common

Sell Transaction

1,307

4.3385 USD

Common

Sell Transaction

1,132

4.3392 USD

Common

Sell Transaction

289

4.3400 USD

Common

Sell Transaction

11,081

4.3402 USD

Common

Sell Transaction

499

4.3436 USD

Common

Sell Transaction

1,111

4.3449 USD

Common

Sell Transaction

1,000

4.3450 USD

Common

Sell Transaction

600

4.3458 USD

Common

Sell Transaction

726

4.3477 USD

Common

Sell Transaction

5,665

4.3488 USD

Common

Sell Transaction

1,459

4.3489 USD

Common

Sell Transaction

900

4.3489 USD

Common

Sell Transaction

559

4.3494 USD

Common

Sell Transaction

500

4.3500 USD

Common

Sell Transaction

2,289

4.3536 USD

Common

Sell Transaction

100

4.3550 USD

Common

Sell Transaction

1,310

4.3575 USD

Common

Sell Transaction

1,020

4.3579 USD

Common

Sell Transaction

600

4.3582 USD

Common

Sell Transaction

2,424

4.3600 USD

Common

Sell Transaction

1,283

4.3622 USD

Common

Sell Transaction

400

4.3625 USD

Common

Sell Transaction

364

4.3625 USD

Common

Sell Transaction

858

4.3638 USD

Common

Sell Transaction

600

4.3650 USD

Common

Sell Transaction

300

4.3667 USD

Common

Sell Transaction

960

4.3685 USD

Common

Sell Transaction

300

4.3767 USD

Common

Sell Transaction

35

4.3794 USD

Common

Sell Transaction

1,920

4.3800 USD

Common

Sell Transaction

300

4.3833 USD

Common

Sell Transaction

604

4.3895 USD

Common

Sell Transaction

4,200

4.3900 USD

Common

Sell Transaction

3,786

4.3901 USD

Common

Sell Transaction

707

4.3909 USD

Common

Sell Transaction

2,212

4.3912 USD

Common

Sell Transaction

1,178

4.3962 USD

Common

Sell Transaction

67

4.3976 USD

Common

Sell Transaction

2,300

4.3987 USD

Common

Sell Transaction

1,500

4.3993 USD

Common

Sell Transaction

200

4.4000 USD

Common

Sell Transaction

200

4.4050 USD

Common

Sell Transaction

1,144

4.4063 USD

Common

Sell Transaction

2,765

4.4081 USD

Common

Sell Transaction

200

4.4150 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

872

4.2550 USD

Common

CFD

Reducing long position

4,185

4.2616 USD

Common

CFD

Reducing long position

4,417

4.2686 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

Put Option

Buy Transaction

50

5.0000 USD

American

2025-Jun-20

0.7000 USD

Common

Call Option

Buy Transaction

1

3.0000 USD

American

2026-Jul-17

1.9000 USD

Common

Call Option

DVP Transaction

1

3.0000 USD

American

2026-Jul-17

1.9000 USD

Common

Call Option

RVP Transaction

1

3.0000 USD

American

2026-Jul-17

1.9000 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:

10 June 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

1,000

6.0 USD

 

American

 

20/06/2025

 

Common

Call Option

Purchased

200

6.0 USD

 

American

 

17/10/2025

 

Common

Call Option

Purchased

13,900

4.0 USD

 

American

 

17/10/2025

 

Common

Put Option

Purchased

-6,300

5.0 USD

 

American

 

20/06/2025

 

Common

Put Option

Purchased

-700

7.0 USD

 

American

 

18/07/2025

 

Common

Call Option

Purchased

256,200

6.0 USD

 

American

 

18/07/2025

 

Common

Call Option

Purchased

600,000

6.0 USD

 

American

 

18/07/2025

 

Common

Put Option

Purchased

-7,200

3.0 USD

 

American

 

18/07/2025

 

Common

Put Option

Purchased

-200

6.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Purchased

1,000

3.0 USD

 

American

 

18/07/2025

 

Common

Call Option

Purchased

300

15.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Purchased

700

10.0 USD

 

American

 

18/07/2025

 

Common

Put Option

Purchased

-13,000

3.0 USD

 

American

 

16/01/2026

 

Common

Put Option

Purchased

-8,500

5.0 USD

 

American

 

16/01/2026

 

Common

Put Option

Purchased

-8,100

4.0 USD

 

American

 

20/06/2025

 

Common

Call Option

Purchased

2,600

10.0 USD

 

American

 

16/01/2026

 

Common

Put Option

Purchased

-300

5.0 USD

 

American

 

17/10/2025

 

Common

Put Option

Purchased

-1,500

4.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Purchased

9,200

5.0 USD

 

American

 

16/01/2026

 

Common

Put Option

Purchased

-100

7.0 USD

 

American

 

17/10/2025

 

Common

Call Option

Purchased

200

8.0 USD

 

American

 

20/06/2025

 

Common

Call Option

Purchased

300

2.0 USD

 

American

 

17/10/2025

 

Common

Put Option

Purchased

-6,000

4.0 USD

 

American

 

18/07/2025

 

Common

Call Option

Purchased

2,000

7.0 USD

 

American

 

20/06/2025

 

Common

Put Option

Purchased

-900

5.0 USD

 

American

 

17/07/2026

 

Common

Call Option

Sold

-2,400

10.0 USD

 

American

 

17/07/2026

 

Common

Put Option

Sold

98,900

8.0 USD

 

American

 

20/06/2025

 

Common

Call Option

Sold

-200

7.0 USD

 

American

 

18/07/2025

 

Common

Call Option

Sold

-29,400

8.0 USD

 

American

 

18/07/2025

 

Common

Call Option

Sold

-9,700

4.0 USD

 

American

 

18/07/2025

 

Common

Put Option

Sold

100

3.0 USD

 

American

 

20/06/2025

 

Common

Put Option

Sold

3,000

3.0 USD

 

American

 

17/10/2025

 

Common

Call Option

Sold

-3,500

5.0 USD

 

American

 

20/06/2025

 

Common

Call Option

Sold

-117,900

7.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Sold

-300

4.0 USD

 

American

 

20/06/2025

 

Common

Call Option

Sold

-1,100

7.0 USD

 

American

 

17/07/2026

 

Common

Call Option

Sold

-643,700

5.0 USD

 

American

 

18/07/2025

 

Common

Call Option

Sold

-100

2.0 USD

 

American

 

17/07/2026

 

Common

Call Option

Sold

-800

12.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Sold

-2,000

3.0 USD

 

American

 

17/10/2025

 

Common

Put Option

Sold

100

5.0 USD

 

American

 

18/07/2025

 

Common

Call Option

Sold

-2,500

4.0 USD

 

American

 

17/07/2026

 

Common

Call Option

Sold

-300

3.0 USD

 

American

 

17/07/2026

 

Common

Call Option

Sold

-36,000

5.0 USD

 

American

 

17/07/2026

 

Common

Call Option

Sold

-200

3.0 USD

 

American

 

20/06/2025

 

Common

Call Option

Sold

-1,400

3.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Sold

-500

4.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Sold

-96,400

5.0 USD

 

American

 

17/10/2025

 

Common

Call Option

Sold

-300

6.0 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.

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
RETPKKBNKBKDAAD

Related Shares:

Dowlais
FTSE 100 Latest
Value8,830.60
Change-44.62