23rd Jul 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 | 22 July 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: | 1,671,021 | 1.40 | 219,235 | 0.18 |
(2) Cash-settled derivatives:
| 569,589 | 0.48 | 0 | 0.00 |
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 194,600 | 0.16 | 625,200 | 0.52 |
TOTAL: | 2,435,210 | 2.05 | 844,435 | 0.71 |
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 | 4.5800 USD |
Common | Buy Transaction | 2,012 | 4.6000 USD |
Common | Buy Transaction | 16 | 4.6006 USD |
Common | Buy Transaction | 7,388 | 4.6010 USD |
Common | Buy Transaction | 1 | 4.6015 USD |
Common | Buy Transaction | 543 | 4.6040 USD |
Common | Buy Transaction | 418 | 4.6052 USD |
Common | Buy Transaction | 500 | 4.6080 USD |
Common | Buy Transaction | 80 | 4.6100 USD |
Common | Buy Transaction | 633 | 4.6173 USD |
Common | Buy Transaction | 846 | 4.6200 USD |
Common | Buy Transaction | 3,424 | 4.6238 USD |
Common | Buy Transaction | 3,100 | 4.6265 USD |
Common | Buy Transaction | 1,144 | 4.6300 USD |
Common | Buy Transaction | 21 | 4.6305 USD |
Common | Buy Transaction | 3,333 | 4.6306 USD |
Common | Buy Transaction | 15,000 | 4.6316 USD |
Common | Buy Transaction | 1,725 | 4.6329 USD |
Common | Buy Transaction | 547 | 4.6331 USD |
Common | Buy Transaction | 600 | 4.6333 USD |
Common | Buy Transaction | 600 | 4.6342 USD |
Common | Buy Transaction | 351 | 4.6344 USD |
Common | Buy Transaction | 173 | 4.6346 USD |
Common | Buy Transaction | 11,800 | 4.6390 USD |
Common | Buy Transaction | 3,612 | 4.6400 USD |
Common | Buy Transaction | 105 | 4.6405 USD |
Common | Buy Transaction | 600 | 4.6417 USD |
Common | Buy Transaction | 1,213 | 4.6430 USD |
Common | Buy Transaction | 550 | 4.6436 USD |
Common | Buy Transaction | 3,300 | 4.6445 USD |
Common | Buy Transaction | 3,588 | 4.6446 USD |
Common | Buy Transaction | 3,649 | 4.6446 USD |
Common | Buy Transaction | 4,455 | 4.6469 USD |
Common | Buy Transaction | 1,984 | 4.6470 USD |
Common | Buy Transaction | 1,841 | 4.6481 USD |
Common | Buy Transaction | 2,796 | 4.6482 USD |
Common | Buy Transaction | 4,832 | 4.6500 USD |
Common | Buy Transaction | 6,103 | 4.6506 USD |
Common | Buy Transaction | 10,232 | 4.6507 USD |
Common | Buy Transaction | 4,100 | 4.6529 USD |
Common | Buy Transaction | 7,569 | 4.6533 USD |
Common | Buy Transaction | 6,488 | 4.6560 USD |
Common | Buy Transaction | 2,201 | 4.6564 USD |
Common | Buy Transaction | 764 | 4.6568 USD |
Common | Buy Transaction | 1,700 | 4.6582 USD |
Common | Buy Transaction | 599 | 4.6583 USD |
Common | Buy Transaction | 4,237 | 4.6585 USD |
Common | Buy Transaction | 4,500 | 4.6589 USD |
Common | Buy Transaction | 120 | 4.6590 USD |
Common | Buy Transaction | 7,016 | 4.6599 USD |
Common | Buy Transaction | 5,000 | 4.6600 USD |
Common | Buy Transaction | 4,773 | 4.6622 USD |
Common | Buy Transaction | 5,443 | 4.6635 USD |
Common | Buy Transaction | 751 | 4.6644 USD |
Common | Buy Transaction | 1,668 | 4.6646 USD |
Common | Buy Transaction | 840 | 4.6657 USD |
Common | Buy Transaction | 629 | 4.6662 USD |
Common | Buy Transaction | 14,591 | 4.6663 USD |
Common | Buy Transaction | 885 | 4.6666 USD |
Common | Buy Transaction | 1,831 | 4.6670 USD |
Common | Buy Transaction | 1,835 | 4.6675 USD |
Common | Buy Transaction | 2,365 | 4.6689 USD |
Common | Buy Transaction | 805 | 4.6690 USD |
Common | Buy Transaction | 537 | 4.6698 USD |
Common | Buy Transaction | 1,100 | 4.6700 USD |
Common | Buy Transaction | 98 | 4.6705 USD |
Common | Buy Transaction | 954 | 4.6705 USD |
Common | Buy Transaction | 300 | 4.6717 USD |
Common | Buy Transaction | 9,052 | 4.6719 USD |
Common | Buy Transaction | 1,573 | 4.6728 USD |
Common | Buy Transaction | 3,784 | 4.6737 USD |
Common | Buy Transaction | 790 | 4.6750 USD |
Common | Buy Transaction | 2,126 | 4.6775 USD |
Common | Buy Transaction | 463 | 4.6779 USD |
Common | Buy Transaction | 4,555 | 4.6788 USD |
Common | Buy Transaction | 5,390 | 4.6790 USD |
Common | Buy Transaction | 105,389 | 4.6800 USD |
Common | Buy Transaction | 10,075 | 4.6807 USD |
Common | Buy Transaction | 8 | 4.6813 USD |
Common | Buy Transaction | 603 | 4.6835 USD |
Common | Buy Transaction | 64 | 4.6850 USD |
Common | Buy Transaction | 2 | 4.6856 USD |
Common | Buy Transaction | 5,641 | 4.6900 USD |
Common | Buy Transaction | 466 | 4.6915 USD |
Common | Buy Transaction | 753 | 4.6937 USD |
Common | Buy Transaction | 450 | 4.6952 USD |
Common | Buy Transaction | 4,115 | 4.7000 USD |
Common | Buy Transaction | 310 | 4.7006 USD |
Common | Buy Transaction | 255 | 4.7093 USD |
Common | Buy Transaction | 1,562 | 4.7095 USD |
Common | Buy Transaction | 15 | 4.7100 USD |
Common | Buy Transaction | 92 | 4.7111 USD |
Common | Buy Transaction | 101 | 4.7111 USD |
Common | Buy Transaction | 698 | 4.7111 USD |
Common | Buy Transaction | 154 | 4.7150 USD |
Common | Buy Transaction | 3,251 | 4.7200 USD |
Common | Buy Transaction | 557 | 4.7233 USD |
Common | Buy Transaction | 18,373 | 4.7248 USD |
Common | Buy Transaction | 10 | 4.7260 USD |
Common | Sell Transaction | 1,000 | 4.5600 USD |
Common | Sell Transaction | 4,000 | 4.5843 USD |
Common | Sell Transaction | 625 | 4.5900 USD |
Common | Sell Transaction | 272 | 4.5950 USD |
Common | Sell Transaction | 1,487 | 4.5966 USD |
Common | Sell Transaction | 15 | 4.6000 USD |
Common | Sell Transaction | 182 | 4.6016 USD |
Common | Sell Transaction | 4,000 | 4.6044 USD |
Common | Sell Transaction | 1,700 | 4.6047 USD |
Common | Sell Transaction | 584 | 4.6091 USD |
Common | Sell Transaction | 28,614 | 4.6093 USD |
Common | Sell Transaction | 509 | 4.6100 USD |
Common | Sell Transaction | 2,028 | 4.6174 USD |
Common | Sell Transaction | 324 | 4.6192 USD |
Common | Sell Transaction | 2,200 | 4.6223 USD |
Common | Sell Transaction | 28,805 | 4.6253 USD |
Common | Sell Transaction | 300 | 4.6267 USD |
Common | Sell Transaction | 1,705 | 4.6276 USD |
Common | Sell Transaction | 1,555 | 4.6293 USD |
Common | Sell Transaction | 2,900 | 4.6300 USD |
Common | Sell Transaction | 1,584 | 4.6360 USD |
Common | Sell Transaction | 393 | 4.6400 USD |
Common | Sell Transaction | 758 | 4.6402 USD |
Common | Sell Transaction | 23 | 4.6404 USD |
Common | Sell Transaction | 500 | 4.6440 USD |
Common | Sell Transaction | 895 | 4.6458 USD |
Common | Sell Transaction | 758 | 4.6462 USD |
Common | Sell Transaction | 3,319 | 4.6479 USD |
Common | Sell Transaction | 215 | 4.6489 USD |
Common | Sell Transaction | 3,815 | 4.6491 USD |
Common | Sell Transaction | 1,520 | 4.6500 USD |
Common | Sell Transaction | 1,100 | 4.6509 USD |
Common | Sell Transaction | 4,451 | 4.6511 USD |
Common | Sell Transaction | 1,325 | 4.6526 USD |
Common | Sell Transaction | 1,300 | 4.6531 USD |
Common | Sell Transaction | 1,700 | 4.6550 USD |
Common | Sell Transaction | 1,808 | 4.6550 USD |
Common | Sell Transaction | 5,000 | 4.6552 USD |
Common | Sell Transaction | 406 | 4.6555 USD |
Common | Sell Transaction | 1,100 | 4.6564 USD |
Common | Sell Transaction | 1,913 | 4.6571 USD |
Common | Sell Transaction | 4,140 | 4.6580 USD |
Common | Sell Transaction | 240 | 4.6590 USD |
Common | Sell Transaction | 3,700 | 4.6592 USD |
Common | Sell Transaction | 2,328 | 4.6600 USD |
Common | Sell Transaction | 1,981 | 4.6601 USD |
Common | Sell Transaction | 482 | 4.6617 USD |
Common | Sell Transaction | 1,855 | 4.6630 USD |
Common | Sell Transaction | 742 | 4.6647 USD |
Common | Sell Transaction | 1,111 | 4.6651 USD |
Common | Sell Transaction | 720 | 4.6667 USD |
Common | Sell Transaction | 1,477 | 4.6667 USD |
Common | Sell Transaction | 2,800 | 4.6686 USD |
Common | Sell Transaction | 1,571 | 4.6686 USD |
Common | Sell Transaction | 874 | 4.6700 USD |
Common | Sell Transaction | 600 | 4.6733 USD |
Common | Sell Transaction | 416 | 4.6748 USD |
Common | Sell Transaction | 806 | 4.6750 USD |
Common | Sell Transaction | 744 | 4.6752 USD |
Common | Sell Transaction | 32 | 4.6759 USD |
Common | Sell Transaction | 600 | 4.6767 USD |
Common | Sell Transaction | 1 | 4.6767 USD |
Common | Sell Transaction | 615 | 4.6784 USD |
Common | Sell Transaction | 5,850 | 4.6786 USD |
Common | Sell Transaction | 50 | 4.6792 USD |
Common | Sell Transaction | 2,084 | 4.6796 USD |
Common | Sell Transaction | 3,128 | 4.6797 USD |
Common | Sell Transaction | 107,842 | 4.6800 USD |
Common | Sell Transaction | 16,705 | 4.6802 USD |
Common | Sell Transaction | 1,491 | 4.6803 USD |
Common | Sell Transaction | 5,507 | 4.6804 USD |
Common | Sell Transaction | 2,322 | 4.6805 USD |
Common | Sell Transaction | 1,555 | 4.6807 USD |
Common | Sell Transaction | 1,400 | 4.6807 USD |
Common | Sell Transaction | 1,300 | 4.6808 USD |
Common | Sell Transaction | 7,016 | 4.6809 USD |
Common | Sell Transaction | 100 | 4.6810 USD |
Common | Sell Transaction | 600 | 4.6818 USD |
Common | Sell Transaction | 560 | 4.6827 USD |
Common | Sell Transaction | 445 | 4.6827 USD |
Common | Sell Transaction | 1,473 | 4.6832 USD |
Common | Sell Transaction | 1,277 | 4.6838 USD |
Common | Sell Transaction | 13 | 4.6838 USD |
Common | Sell Transaction | 2,241 | 4.6844 USD |
Common | Sell Transaction | 924 | 4.6845 USD |
Common | Sell Transaction | 100 | 4.6850 USD |
Common | Sell Transaction | 149 | 4.6852 USD |
Common | Sell Transaction | 441 | 4.6856 USD |
Common | Sell Transaction | 2 | 4.6875 USD |
Common | Sell Transaction | 2,118 | 4.6882 USD |
Common | Sell Transaction | 291 | 4.6883 USD |
Common | Sell Transaction | 288 | 4.6887 USD |
Common | Sell Transaction | 2,656 | 4.6892 USD |
Common | Sell Transaction | 928 | 4.6895 USD |
Common | Sell Transaction | 329 | 4.6900 USD |
Common | Sell Transaction | 1,494 | 4.6907 USD |
Common | Sell Transaction | 405 | 4.6914 USD |
Common | Sell Transaction | 1,905 | 4.6930 USD |
Common | Sell Transaction | 8,000 | 4.6937 USD |
Common | Sell Transaction | 500 | 4.6940 USD |
Common | Sell Transaction | 835 | 4.6964 USD |
Common | Sell Transaction | 18,083 | 4.6968 USD |
Common | Sell Transaction | 350 | 4.6971 USD |
Common | Sell Transaction | 692 | 4.6973 USD |
Common | Sell Transaction | 1,500 | 4.6977 USD |
Common | Sell Transaction | 6,900 | 4.6977 USD |
Common | Sell Transaction | 4,005 | 4.6979 USD |
Common | Sell Transaction | 1,823 | 4.6984 USD |
Common | Sell Transaction | 1,304 | 4.6984 USD |
Common | Sell Transaction | 44,884 | 4.6995 USD |
Common | Sell Transaction | 8,104 | 4.7000 USD |
Common | Sell Transaction | 10,736 | 4.7005 USD |
Common | Sell Transaction | 3,651 | 4.7010 USD |
Common | Sell Transaction | 2,777 | 4.7014 USD |
Common | Sell Transaction | 12,412 | 4.7046 USD |
Common | Sell Transaction | 516 | 4.7063 USD |
Common | Sell Transaction | 1,300 | 4.7073 USD |
Common | Sell Transaction | 200 | 4.7090 USD |
Common | Sell Transaction | 2,281 | 4.7100 USD |
Common | Sell Transaction | 3,164 | 4.7140 USD |
Common | Sell Transaction | 2,300 | 4.7150 USD |
Common | Sell Transaction | 37 | 4.7151 USD |
Common | Sell Transaction | 1,431 | 4.7153 USD |
Common | Sell Transaction | 2,047 | 4.7198 USD |
Common | Sell Transaction | 612 | 4.7200 USD |
Common | Sell Transaction | 6,500 | 4.7250 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 | 7,990 | 4.6431 USD |
Common | CFD | Reducing long position | 14,662 | 4.6519 USD |
Common | CFD | Reducing long position | 19,829 | 4.6928 USD |
Common | CFD | Reducing long position | 18,490 | 4.7058 USD |
Common | CFD | Reducing long position | 700 | 4.7079 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 | 200 | 5.0000 USD | American | 2025-Aug-15 | 0.2000 USD |
Common | Call Option | Buy Transaction | 200 | 7.0000 USD | American | 2026-Jan-16 | 0.3000 USD |
Common | Call Option | Buy Transaction | 2000 | 6.0000 USD | American | 2026-Jan-16 | 0.4500 USD |
Common | Put Option | Buy Transaction | 8000 | 6.0000 USD | American | 2026-Jan-16 | 1.6500 USD |
Common | Call Option | Sell Transaction | 100 | 7.0000 USD | American | 2025-Oct-17 | 0.1000 USD |
Common | Call Option | Sell Transaction | 200 | 5.0000 USD | American | 2025-Aug-15 | 0.2200 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: | 23 July 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 | -2,400 | 4.0 USD
| American
| 15/08/2025
|
Common | Call Option | Purchased | 600 | 5.0 USD
| American
| 19/09/2025
|
Common | Call Option | Purchased | 18,300 | 4.0 USD
| American
| 17/10/2025
|
Common | Put Option | Purchased | -201,700 | 4.0 USD
| American
| 16/01/2026
|
Common | Put Option | Purchased | -100 | 7.0 USD
| American
| 17/10/2025
|
Common | Put Option | Purchased | -200 | 7.0 USD
| American
| 15/08/2025
|
Common | Put Option | Purchased | -900 | 5.0 USD
| American
| 17/10/2025
|
Common | Put Option | Purchased | -12,000 | 3.0 USD
| American
| 15/08/2025
|
Common | Put Option | Purchased | -13,200 | 3.0 USD
| American
| 16/01/2026
|
Common | Call Option | Purchased | 1,000 | 3.0 USD
| American
| 15/08/2025
|
Common | Call Option | Purchased | 3,000 | 10.0 USD
| American
| 16/01/2026
|
Common | Call Option | Purchased | 300 | 15.0 USD
| American
| 16/01/2026
|
Common | Call Option | Purchased | 5,100 | 6.0 USD
| American
| 19/09/2025
|
Common | Put Option | Purchased | -900 | 5.0 USD
| American
| 17/07/2026
|
Common | Put Option | Purchased | -8,200 | 6.0 USD
| American
| 16/01/2026
|
Common | Call Option | Purchased | 300 | 2.0 USD
| American
| 17/10/2025
|
Common | Call Option | Purchased | 4,900 | 5.0 USD
| American
| 15/08/2025
|
Common | Call Option | Purchased | 69,800 | 6.0 USD
| American
| 17/10/2025
|
Common | Call Option | Sold | -100 | 2.0 USD
| American
| 17/07/2026
|
Common | Call Option | Sold | -117,000 | 7.0 USD
| American
| 16/01/2026
|
Common | Call Option | Sold | -200 | 4.0 USD
| American
| 15/08/2025
|
Common | Put Option | Sold | 90,700 | 5.0 USD
| American
| 16/01/2026
|
Common | Call Option | Sold | -141,100 | 5.0 USD
| American
| 17/10/2025
|
Common | Call Option | Sold | -29,900 | 6.0 USD
| American
| 16/01/2026
|
Common | Call Option | Sold | -48,500 | 5.0 USD
| American
| 16/01/2026
|
Common | Call Option | Sold | -1,400 | 3.0 USD
| American
| 16/01/2026
|
Common | Put Option | Sold | 600 | 3.0 USD
| American
| 17/10/2025
|
Common | Call Option | Sold | -36,900 | 5.0 USD
| American
| 17/07/2026
|
Common | Call Option | Sold | -2,500 | 4.0 USD
| American
| 17/07/2026
|
Common | Call Option | Sold | -1,100 | 7.0 USD
| American
| 17/07/2026
|
Common | Call Option | Sold | -700 | 12.0 USD
| American
| 16/01/2026
|
Common | Call Option | Sold | -2,000 | 3.0 USD
| American
| 17/10/2025
|
Common | Call Option | Sold | -1,400 | 4.0 USD
| American
| 16/01/2026
|
Common | Call Option | Sold | -100 | 1.0 USD
| American
| 17/07/2026
|
Common | Call Option | Sold | -2,400 | 10.0 USD
| American
| 17/07/2026
|
Common | Call Option | Sold | -300 | 3.0 USD
| American
| 17/07/2026
|
3. AGREEMENTS TO PURCHASE OR SELL ETC.
Full details should be given so that the nature of the interest or position can be fully understood: |
|
It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to cash-settled derivatives.
The currency of all prices and other monetary amounts should be stated.
The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
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