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Form 8.3 - American Axle & Manufacturing Holdings

14th Mar 2025 15:00

RNS Number : 7334A
Citadel Group
14 March 2025
 

FORM 8.3

 

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

Rule 8.3 of the Takeover Code (the "Code")

 

1. KEY INFORMATION

 

(a) Full name of discloser:

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

13 March 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:

1,240,987

1.05

275,773

0.23

(2) Cash-settled derivatives:

 

0

0.00

0

0.00

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

1,039,200

0.88

607,700

0.51

 

TOTAL:

2,280,187

1.93

883,473

0.75

 

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

4.4000 USD

Common

Buy Transaction

99

4.4065 USD

Common

Buy Transaction

2,501

4.4100 USD

Common

Buy Transaction

1,244

4.4100 USD

Common

Buy Transaction

452

4.4104 USD

Common

Buy Transaction

53

4.4108 USD

Common

Buy Transaction

42

4.4110 USD

Common

Buy Transaction

501

4.4112 USD

Common

Buy Transaction

6,300

4.4130 USD

Common

Buy Transaction

11,337

4.4141 USD

Common

Buy Transaction

1,450

4.4150 USD

Common

Buy Transaction

155

4.4150 USD

Common

Buy Transaction

87

4.4151 USD

Common

Buy Transaction

42

4.4160 USD

Common

Buy Transaction

160

4.4175 USD

Common

Buy Transaction

1,498

4.4200 USD

Common

Buy Transaction

624

4.4201 USD

Common

Buy Transaction

677

4.4231 USD

Common

Buy Transaction

559

4.4248 USD

Common

Buy Transaction

2,379

4.4262 USD

Common

Buy Transaction

62

4.4266 USD

Common

Buy Transaction

550

4.4268 USD

Common

Buy Transaction

1,192

4.4289 USD

Common

Buy Transaction

113,170

4.4300 USD

Common

Buy Transaction

4,030

4.4300 USD

Common

Buy Transaction

63

4.4328 USD

Common

Buy Transaction

4,746

4.4331 USD

Common

Buy Transaction

254

4.4336 USD

Common

Buy Transaction

1,725

4.4344 USD

Common

Buy Transaction

8,100

4.4348 USD

Common

Buy Transaction

609

4.4348 USD

Common

Buy Transaction

200

4.4350 USD

Common

Buy Transaction

2,734

4.4359 USD

Common

Buy Transaction

72

4.4369 USD

Common

Buy Transaction

6,826

4.4371 USD

Common

Buy Transaction

545

4.4372 USD

Common

Buy Transaction

1,973

4.4374 USD

Common

Buy Transaction

273

4.4378 USD

Common

Buy Transaction

50

4.4380 USD

Common

Buy Transaction

700

4.4386 USD

Common

Buy Transaction

1,071

4.4392 USD

Common

Buy Transaction

2,189

4.4393 USD

Common

Buy Transaction

21

4.4395 USD

Common

Buy Transaction

5,762

4.4396 USD

Common

Buy Transaction

1,963

4.4397 USD

Common

Buy Transaction

3,448

4.4399 USD

Common

Buy Transaction

1,234

4.4400 USD

Common

Buy Transaction

30

4.4407 USD

Common

Buy Transaction

221

4.4408 USD

Common

Buy Transaction

127

4.4408 USD

Common

Buy Transaction

245

4.4418 USD

Common

Buy Transaction

109

4.4437 USD

Common

Buy Transaction

11

4.4445 USD

Common

Buy Transaction

3,465

4.4448 USD

Common

Buy Transaction

392

4.4450 USD

Common

Buy Transaction

11,579

4.4463 USD

Common

Buy Transaction

1,200

4.4467 USD

Common

Buy Transaction

151

4.4491 USD

Common

Buy Transaction

2,104

4.4499 USD

Common

Buy Transaction

383

4.4500 USD

Common

Buy Transaction

448

4.4500 USD

Common

Buy Transaction

2,000

4.4501 USD

Common

Buy Transaction

800

4.4538 USD

Common

Buy Transaction

585

4.4546 USD

Common

Buy Transaction

11,538

4.4550 USD

Common

Buy Transaction

200

4.4550 USD

Common

Buy Transaction

617

4.4559 USD

Common

Buy Transaction

500

4.4560 USD

Common

Buy Transaction

547

4.4564 USD

Common

Buy Transaction

290

4.4566 USD

Common

Buy Transaction

1,587

4.4568 USD

Common

Buy Transaction

519

4.4585 USD

Common

Buy Transaction

500

4.4600 USD

Common

Buy Transaction

235

4.4609 USD

Common

Buy Transaction

195

4.4610 USD

Common

Buy Transaction

53

4.4625 USD

Common

Buy Transaction

36,103

4.4658 USD

Common

Buy Transaction

418

4.4670 USD

Common

Buy Transaction

197

4.4687 USD

Common

Buy Transaction

323

4.4695 USD

Common

Buy Transaction

100

4.4700 USD

Common

Buy Transaction

700

4.4714 USD

Common

Buy Transaction

795

4.4767 USD

Common

Buy Transaction

1,248

4.4780 USD

Common

Buy Transaction

212

4.4783 USD

Common

Buy Transaction

301

4.4800 USD

Common

Buy Transaction

200

4.4950 USD

Common

Buy Transaction

1,097

4.4956 USD

Common

Buy Transaction

31

4.5003 USD

Common

Buy Transaction

10

4.5100 USD

Common

Buy Transaction

2,500

4.5103 USD

Common

Buy Transaction

797

4.5122 USD

Common

Buy Transaction

5

4.5200 USD

Common

Buy Transaction

140

4.5304 USD

Common

Buy Transaction

14

4.5350 USD

Common

Buy Transaction

1

4.5400 USD

Common

Buy Transaction

360

4.5500 USD

Common

Buy Transaction

67

4.5600 USD

Common

DVP Transaction

108

4.4000 USD

Common

DVP Transaction

100

4.4050 USD

Common

DVP Transaction

72

4.4061 USD

Common

DVP Transaction

44

4.4100 USD

Common

DVP Transaction

250

4.4150 USD

Common

DVP Transaction

132

4.4183 USD

Common

DVP Transaction

5

4.4200 USD

Common

DVP Transaction

94,900

4.4300 USD

Common

DVP Transaction

334

4.4395 USD

Common

DVP Transaction

176

4.4425 USD

Common

DVP Transaction

204

4.4446 USD

Common

DVP Transaction

144

4.4450 USD

Common

DVP Transaction

308

4.4457 USD

Common

DVP Transaction

104

4.4500 USD

Common

DVP Transaction

72

4.4628 USD

Common

DVP Transaction

76

4.4692 USD

Common

DVP Transaction

578

4.4800 USD

Common

DVP Transaction

58

4.4895 USD

Common

DVP Transaction

44

4.5000 USD

Common

DVP Transaction

2

4.5100 USD

Common

RVP Transaction

307

4.4118 USD

Common

RVP Transaction

207

4.4251 USD

Common

RVP Transaction

137

4.4289 USD

Common

RVP Transaction

94,768

4.4300 USD

Common

RVP Transaction

1,612

4.4429 USD

Common

RVP Transaction

100

4.4450 USD

Common

RVP Transaction

578

4.4800 USD

Common

RVP Transaction

2

4.5100 USD

Common

Sell Transaction

687

4.4000 USD

Common

Sell Transaction

14

4.4093 USD

Common

Sell Transaction

200

4.4100 USD

Common

Sell Transaction

86

4.4114 USD

Common

Sell Transaction

149

4.4150 USD

Common

Sell Transaction

1

4.4150 USD

Common

Sell Transaction

75

4.4151 USD

Common

Sell Transaction

115

4.4152 USD

Common

Sell Transaction

4,849

4.4198 USD

Common

Sell Transaction

1,852

4.4200 USD

Common

Sell Transaction

1,308

4.4207 USD

Common

Sell Transaction

178

4.4226 USD

Common

Sell Transaction

1,080

4.4239 USD

Common

Sell Transaction

769

4.4241 USD

Common

Sell Transaction

5,968

4.4249 USD

Common

Sell Transaction

440

4.4264 USD

Common

Sell Transaction

4,938

4.4292 USD

Common

Sell Transaction

106,367

4.4300 USD

Common

Sell Transaction

920

4.4307 USD

Common

Sell Transaction

29

4.4310 USD

Common

Sell Transaction

1,931

4.4318 USD

Common

Sell Transaction

410

4.4327 USD

Common

Sell Transaction

284

4.4330 USD

Common

Sell Transaction

1,066

4.4330 USD

Common

Sell Transaction

78

4.4338 USD

Common

Sell Transaction

56

4.4345 USD

Common

Sell Transaction

2,299

4.4353 USD

Common

Sell Transaction

1,126

4.4356 USD

Common

Sell Transaction

1,295

4.4361 USD

Common

Sell Transaction

15

4.4367 USD

Common

Sell Transaction

956

4.4369 USD

Common

Sell Transaction

188

4.4370 USD

Common

Sell Transaction

70

4.4371 USD

Common

Sell Transaction

1

4.4374 USD

Common

Sell Transaction

315

4.4376 USD

Common

Sell Transaction

4,975

4.4388 USD

Common

Sell Transaction

1,570

4.4390 USD

Common

Sell Transaction

3,637

4.4393 USD

Common

Sell Transaction

372

4.4394 USD

Common

Sell Transaction

1,410

4.4400 USD

Common

Sell Transaction

41

4.4402 USD

Common

Sell Transaction

258

4.4407 USD

Common

Sell Transaction

173

4.4416 USD

Common

Sell Transaction

4,152

4.4416 USD

Common

Sell Transaction

3,601

4.4417 USD

Common

Sell Transaction

12,481

4.4417 USD

Common

Sell Transaction

42

4.4419 USD

Common

Sell Transaction

200

4.4425 USD

Common

Sell Transaction

3,672

4.4435 USD

Common

Sell Transaction

2,887

4.4445 USD

Common

Sell Transaction

1,890

4.4450 USD

Common

Sell Transaction

46,915

4.4451 USD

Common

Sell Transaction

1,200

4.4456 USD

Common

Sell Transaction

1,816

4.4456 USD

Common

Sell Transaction

700

4.4457 USD

Common

Sell Transaction

1,380

4.4459 USD

Common

Sell Transaction

36

4.4461 USD

Common

Sell Transaction

387

4.4464 USD

Common

Sell Transaction

1,301

4.4466 USD

Common

Sell Transaction

300

4.4467 USD

Common

Sell Transaction

95

4.4474 USD

Common

Sell Transaction

687

4.4476 USD

Common

Sell Transaction

14

4.4479 USD

Common

Sell Transaction

663

4.4480 USD

Common

Sell Transaction

759

4.4484 USD

Common

Sell Transaction

8,286

4.4485 USD

Common

Sell Transaction

700

4.4486 USD

Common

Sell Transaction

7,240

4.4488 USD

Common

Sell Transaction

148

4.4495 USD

Common

Sell Transaction

33,578

4.4495 USD

Common

Sell Transaction

1,274

4.4500 USD

Common

Sell Transaction

864

4.4510 USD

Common

Sell Transaction

465

4.4525 USD

Common

Sell Transaction

6,980

4.4533 USD

Common

Sell Transaction

552

4.4539 USD

Common

Sell Transaction

1,000

4.4545 USD

Common

Sell Transaction

257

4.4545 USD

Common

Sell Transaction

21,382

4.4550 USD

Common

Sell Transaction

300

4.4550 USD

Common

Sell Transaction

521

4.4552 USD

Common

Sell Transaction

2,230

4.4557 USD

Common

Sell Transaction

8,978

4.4566 USD

Common

Sell Transaction

400

4.4575 USD

Common

Sell Transaction

4,729

4.4576 USD

Common

Sell Transaction

900

4.4578 USD

Common

Sell Transaction

1,986

4.4582 USD

Common

Sell Transaction

4,099

4.4585 USD

Common

Sell Transaction

200

4.4590 USD

Common

Sell Transaction

279

4.4592 USD

Common

Sell Transaction

211

4.4595 USD

Common

Sell Transaction

168

4.4600 USD

Common

Sell Transaction

118

4.4605 USD

Common

Sell Transaction

586

4.4613 USD

Common

Sell Transaction

7,500

4.4627 USD

Common

Sell Transaction

146

4.4640 USD

Common

Sell Transaction

4,316

4.4641 USD

Common

Sell Transaction

379

4.4643 USD

Common

Sell Transaction

2,068

4.4661 USD

Common

Sell Transaction

7,323

4.4700 USD

Common

Sell Transaction

265

4.4710 USD

Common

Sell Transaction

733

4.4747 USD

Common

Sell Transaction

2

4.4750 USD

Common

Sell Transaction

178

4.4751 USD

Common

Sell Transaction

1,216

4.4753 USD

Common

Sell Transaction

585

4.4774 USD

Common

Sell Transaction

2,528

4.4792 USD

Common

Sell Transaction

251

4.4795 USD

Common

Sell Transaction

246

4.4812 USD

Common

Sell Transaction

213

4.4853 USD

Common

Sell Transaction

202

4.4900 USD

Common

Sell Transaction

652

4.4941 USD

Common

Sell Transaction

331

4.5000 USD

Common

Sell Transaction

500

4.5020 USD

Common

Sell Transaction

500

4.5040 USD

Common

Sell Transaction

300

4.5067 USD

Common

Sell Transaction

100

4.5200 USD

Common

Sell Transaction

371

4.5229 USD

Common

Sell Transaction

67

4.5300 USD

Common

Sell Transaction

67

4.5351 USD

Common

Sell Transaction

501

4.5400 USD

Common

Sell Transaction

2,624

4.5500 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

10

4.0000 USD

American

2026-Jan-16

0.5000 USD

Common

Call Option

Sell Transaction

9

6.0000 USD

American

2025-Jun-20

0.1500 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:

14 March 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

600,000

6.0 USD

 

American

 

18/07/2025

 

Common

Put Option

Purchased

-700

7.0 USD

 

American

 

18/07/2025

 

Common

Put Option

Purchased

-800

5.0 USD

 

American

 

20/06/2025

 

Common

Put Option

Purchased

-800

5.0 USD

 

American

 

17/04/2025

 

Common

Put Option

Purchased

-4,300

4.0 USD

 

American

 

20/06/2025

 

Common

Put Option

Purchased

-104,200

6.0 USD

 

American

 

20/06/2025

 

Common

Call Option

Purchased

900

5.0 USD

 

American

 

16/01/2026

 

Common

Put Option

Purchased

-5,400

4.0 USD

 

American

 

18/07/2025

 

Common

Call Option

Purchased

2,300

7.0 USD

 

American

 

20/06/2025

 

Common

Put Option

Purchased

-100

8.0 USD

 

American

 

21/03/2025

 

Common

Call Option

Purchased

300

8.0 USD

 

American

 

20/06/2025

 

Common

Put Option

Purchased

-1,000

4.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Purchased

246,200

6.0 USD

 

American

 

18/07/2025

 

Common

Call Option

Purchased

2,500

10.0 USD

 

American

 

16/01/2026

 

Common

Put Option

Purchased

-99,800

7.0 USD

 

American

 

20/06/2025

 

Common

Put Option

Purchased

-200

5.0 USD

 

American

 

18/07/2025

 

Common

Put Option

Purchased

-3,800

4.0 USD

 

American

 

17/04/2025

 

Common

Put Option

Purchased

-8,400

5.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Purchased

700

4.0 USD

 

American

 

21/03/2025

 

Common

Call Option

Purchased

700

10.0 USD

 

American

 

18/07/2025

 

Common

Put Option

Purchased

-500

5.0 USD

 

American

 

17/10/2025

 

Common

Put Option

Purchased

-5,800

5.0 USD

 

American

 

21/03/2025

 

Common

Put Option

Purchased

-4,000

3.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Purchased

600

10.0 USD

 

American

 

17/04/2025

 

Common

Call Option

Sold

-800

12.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Sold

-1,600

5.0 USD

 

American

 

20/06/2025

 

Common

Call Option

Sold

-1,000

3.0 USD

 

American

 

16/01/2026

 

Common

Put Option

Sold

74,900

7.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Sold

-1,900

9.0 USD

 

American

 

17/04/2025

 

Common

Put Option

Sold

99,900

8.0 USD

 

American

 

20/06/2025

 

Common

Call Option

Sold

-13,900

5.0 USD

 

American

 

17/04/2025

 

Common

Call Option

Sold

-8,600

8.0 USD

 

American

 

17/04/2025

 

Common

Call Option

Sold

-100,800

5.0 USD

 

American

 

18/07/2025

 

Common

Call Option

Sold

-3,400

10.0 USD

 

American

 

17/07/2026

 

Common

Call Option

Sold

-12,700

7.0 USD

 

American

 

17/04/2025

 

Common

Put Option

Sold

7,600

6.0 USD

 

American

 

17/04/2025

 

Common

Call Option

Sold

-31,700

5.0 USD

 

American

 

17/07/2026

 

Common

Call Option

Sold

-3,200

4.0 USD

 

American

 

17/04/2025

 

Common

Call Option

Sold

-200

7.0 USD

 

American

 

18/07/2025

 

Common

Call Option

Sold

-200

6.0 USD

 

American

 

17/10/2025

 

Common

Put Option

Sold

1,000

6.0 USD

 

American

 

18/07/2025

 

Common

Call Option

Sold

-500

4.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Sold

-116,600

7.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Sold

-3,600

4.0 USD

 

American

 

18/07/2025

 

Common

Call Option

Sold

-29,400

8.0 USD

 

American

 

18/07/2025

 

Common

Call Option

Sold

-200

15.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Sold

-300

5.0 USD

 

American

 

21/03/2025

 

Common

Call Option

Sold

-500

3.0 USD

 

American

 

17/07/2026

 

Common

Put Option

Sold

1,600

4.0 USD

 

American

 

21/03/2025

 

Common

Call Option

Sold

-14,100

6.0 USD

 

American

 

21/03/2025

 

Common

Call Option

Sold

-2,000

6.0 USD

 

American

 

20/06/2025

 

Common

Call Option

Sold

-8,800

4.0 USD

 

American

 

20/06/2025

 

Common

Call Option

Sold

-1,700

6.0 USD

 

American

 

17/04/2025

 

Common

Call Option

Sold

-2,500

4.0 USD

 

American

 

17/07/2026

 

Common

Call Option

Sold

-7,700

7.0 USD

 

American

 

21/03/2025

 

 

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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