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Form 8.3 - American Axle & Manufacturing Holdings

4th Jul 2025 15:00

RNS Number : 8551P
Citadel Group
04 July 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

3 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:

2,045,697

1.72

103,598

0.08

(2) Cash-settled derivatives:

 

575,874

0.48

0

0.00

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

999,900

0.84

1,372,700

1.15

 

TOTAL:

3,621,471

3.05

1,476,298

1.24

 

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

9

4.3444 USD

Common

Buy Transaction

707

4.3600 USD

Common

Buy Transaction

1,231

4.3700 USD

Common

Buy Transaction

204

4.3737 USD

Common

Buy Transaction

404

4.3750 USD

Common

Buy Transaction

2

4.3760 USD

Common

Buy Transaction

1,635

4.3791 USD

Common

Buy Transaction

2,458

4.3798 USD

Common

Buy Transaction

25,648

4.3800 USD

Common

Buy Transaction

700

4.3801 USD

Common

Buy Transaction

1,526

4.3807 USD

Common

Buy Transaction

1,212

4.3808 USD

Common

Buy Transaction

300

4.3810 USD

Common

Buy Transaction

600

4.3817 USD

Common

Buy Transaction

500

4.3820 USD

Common

Buy Transaction

3,863

4.3821 USD

Common

Buy Transaction

1,600

4.3822 USD

Common

Buy Transaction

906

4.3834 USD

Common

Buy Transaction

2,267

4.3835 USD

Common

Buy Transaction

2,648

4.3838 USD

Common

Buy Transaction

1,954

4.3843 USD

Common

Buy Transaction

500

4.3860 USD

Common

Buy Transaction

3,188

4.3863 USD

Common

Buy Transaction

1

4.3878 USD

Common

Buy Transaction

3,000

4.3878 USD

Common

Buy Transaction

1

4.3878 USD

Common

Buy Transaction

1,400

4.3879 USD

Common

Buy Transaction

2,400

4.3887 USD

Common

Buy Transaction

676

4.3888 USD

Common

Buy Transaction

2,251

4.3898 USD

Common

Buy Transaction

1,902

4.3900 USD

Common

Buy Transaction

1,200

4.3903 USD

Common

Buy Transaction

2,500

4.3908 USD

Common

Buy Transaction

500

4.3920 USD

Common

Buy Transaction

400

4.3925 USD

Common

Buy Transaction

11,204

4.3927 USD

Common

Buy Transaction

1,511

4.3932 USD

Common

Buy Transaction

4,063

4.3934 USD

Common

Buy Transaction

1,208

4.3935 USD

Common

Buy Transaction

384

4.3935 USD

Common

Buy Transaction

604

4.3935 USD

Common

Buy Transaction

1,155

4.3939 USD

Common

Buy Transaction

11,814

4.3940 USD

Common

Buy Transaction

1,716

4.3942 USD

Common

Buy Transaction

2,342

4.3949 USD

Common

Buy Transaction

804

4.3950 USD

Common

Buy Transaction

1,976

4.3951 USD

Common

Buy Transaction

3,711

4.3957 USD

Common

Buy Transaction

1,835

4.3965 USD

Common

Buy Transaction

2,500

4.3968 USD

Common

Buy Transaction

2,824

4.3971 USD

Common

Buy Transaction

2,519

4.3982 USD

Common

Buy Transaction

1,288

4.3984 USD

Common

Buy Transaction

3,293

4.3989 USD

Common

Buy Transaction

1,041

4.3999 USD

Common

Buy Transaction

895

4.4000 USD

Common

Buy Transaction

3,136

4.4002 USD

Common

Buy Transaction

1,451

4.4003 USD

Common

Buy Transaction

2,229

4.4003 USD

Common

Buy Transaction

4

4.4050 USD

Common

Buy Transaction

141

4.4060 USD

Common

Buy Transaction

1,400

4.4066 USD

Common

Buy Transaction

609

4.4078 USD

Common

Buy Transaction

266

4.4078 USD

Common

Buy Transaction

655

4.4092 USD

Common

Buy Transaction

3,711

4.4100 USD

Common

Buy Transaction

500

4.4107 USD

Common

Buy Transaction

597

4.4121 USD

Common

Buy Transaction

20

4.4125 USD

Common

Buy Transaction

92,253

4.4134 USD

Common

Buy Transaction

35,131

4.4154 USD

Common

Buy Transaction

830

4.4176 USD

Common

Buy Transaction

2,014

4.4195 USD

Common

Buy Transaction

6,566

4.4200 USD

Common

Buy Transaction

568

4.4210 USD

Common

Buy Transaction

3

4.4233 USD

Common

Buy Transaction

200

4.4250 USD

Common

Buy Transaction

11,500

4.4266 USD

Common

Buy Transaction

1,601

4.4275 USD

Common

Buy Transaction

9,805

4.4300 USD

Common

Buy Transaction

500

4.4400 USD

Common

DVP Transaction

16,061

4.3800 USD

Common

DVP Transaction

7

4.3857 USD

Common

DVP Transaction

1,242

4.3900 USD

Common

DVP Transaction

1

4.4000 USD

Common

DVP Transaction

283

4.4200 USD

Common

DVP Transaction

500

4.4400 USD

Common

DVP Transaction

1

4.4500 USD

Common

RVP Transaction

1

4.3600 USD

Common

RVP Transaction

16,061

4.3800 USD

Common

RVP Transaction

1,248

4.3900 USD

Common

RVP Transaction

1

4.4000 USD

Common

RVP Transaction

283

4.4200 USD

Common

RVP Transaction

500

4.4400 USD

Common

RVP Transaction

1

4.4500 USD

Common

Sell Transaction

100

4.3600 USD

Common

Sell Transaction

980

4.3699 USD

Common

Sell Transaction

598

4.3700 USD

Common

Sell Transaction

1,831

4.3705 USD

Common

Sell Transaction

22,821

4.3800 USD

Common

Sell Transaction

401

4.3807 USD

Common

Sell Transaction

621

4.3810 USD

Common

Sell Transaction

1,842

4.3815 USD

Common

Sell Transaction

930

4.3829 USD

Common

Sell Transaction

365

4.3849 USD

Common

Sell Transaction

15

4.3853 USD

Common

Sell Transaction

30

4.3867 USD

Common

Sell Transaction

1

4.3875 USD

Common

Sell Transaction

1,600

4.3887 USD

Common

Sell Transaction

13,193

4.3900 USD

Common

Sell Transaction

328

4.3903 USD

Common

Sell Transaction

1,675

4.3919 USD

Common

Sell Transaction

805

4.3925 USD

Common

Sell Transaction

2,100

4.3936 USD

Common

Sell Transaction

1,323

4.3936 USD

Common

Sell Transaction

1,306

4.3939 USD

Common

Sell Transaction

1,700

4.3965 USD

Common

Sell Transaction

6,300

4.3975 USD

Common

Sell Transaction

2,913

4.3981 USD

Common

Sell Transaction

618

4.3990 USD

Common

Sell Transaction

618

4.3993 USD

Common

Sell Transaction

102

4.3999 USD

Common

Sell Transaction

1,041

4.3999 USD

Common

Sell Transaction

907

4.4000 USD

Common

Sell Transaction

38,238

4.4003 USD

Common

Sell Transaction

7,693

4.4004 USD

Common

Sell Transaction

300

4.4033 USD

Common

Sell Transaction

658

4.4034 USD

Common

Sell Transaction

18,544

4.4043 USD

Common

Sell Transaction

4

4.4050 USD

Common

Sell Transaction

2,615

4.4051 USD

Common

Sell Transaction

2,780

4.4053 USD

Common

Sell Transaction

68,058

4.4064 USD

Common

Sell Transaction

1,649

4.4068 USD

Common

Sell Transaction

400

4.4075 USD

Common

Sell Transaction

900

4.4078 USD

Common

Sell Transaction

2,226

4.4081 USD

Common

Sell Transaction

720

4.4086 USD

Common

Sell Transaction

1,100

4.4091 USD

Common

Sell Transaction

558

4.4095 USD

Common

Sell Transaction

10

4.4100 USD

Common

Sell Transaction

21,514

4.4113 USD

Common

Sell Transaction

443

4.4113 USD

Common

Sell Transaction

2,886

4.4115 USD

Common

Sell Transaction

300

4.4133 USD

Common

Sell Transaction

403

4.4135 USD

Common

Sell Transaction

1,436

4.4146 USD

Common

Sell Transaction

7,484

4.4146 USD

Common

Sell Transaction

918

4.4153 USD

Common

Sell Transaction

35,131

4.4154 USD

Common

Sell Transaction

3,008

4.4160 USD

Common

Sell Transaction

1,795

4.4200 USD

Common

Sell Transaction

1,372

4.4234 USD

Common

Sell Transaction

1,573

4.4235 USD

Common

Sell Transaction

1,006

4.4255 USD

Common

Sell Transaction

8,274

4.4283 USD

Common

Sell Transaction

826

4.4287 USD

Common

Sell Transaction

4,371

4.4300 USD

Common

Sell Transaction

100

4.4550 USD

Common

Sell Transaction

69

4.4600 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

Increasing long position

40,300

4.3911 USD

Common

CFD

Increasing long position

12,782

4.4100 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

6.0000 USD

American

2026-Jan-16

0.3800 USD

Common

Call Option

DVP Transaction

1

5.0000 USD

American

2025-Jul-18

0.0500 USD

Common

Call Option

DVP Transaction

1

6.0000 USD

American

2026-Jan-16

0.3800 USD

Common

Call Option

RVP Transaction

1

5.0000 USD

American

2025-Jul-18

0.0500 USD

Common

Call Option

RVP Transaction

1

6.0000 USD

American

2026-Jan-16

0.3800 USD

Common

Call Option

Sell Transaction

1

5.0000 USD

American

2025-Jul-18

0.0500 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:

4 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

-7,200

3.0 USD

 

American

 

18/07/2025

 

Common

Put Option

Purchased

-100

7.0 USD

 

American

 

17/10/2025

 

Common

Put Option

Purchased

-201,600

4.0 USD

 

American

 

16/01/2026

 

Common

Put Option

Purchased

-300

5.0 USD

 

American

 

17/10/2025

 

Common

Call Option

Purchased

600,000

6.0 USD

 

American

 

18/07/2025

 

Common

Call Option

Purchased

300

2.0 USD

 

American

 

17/10/2025

 

Common

Put Option

Purchased

-900

5.0 USD

 

American

 

17/07/2026

 

Common

Put Option

Purchased

-700

7.0 USD

 

American

 

18/07/2025

 

Common

Call Option

Purchased

17,200

4.0 USD

 

American

 

17/10/2025

 

Common

Put Option

Purchased

-13,100

3.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Purchased

1,000

3.0 USD

 

American

 

15/08/2025

 

Common

Call Option

Purchased

10,400

5.0 USD

 

American

 

16/01/2026

 

Common

Put Option

Purchased

-200

7.0 USD

 

American

 

15/08/2025

 

Common

Put Option

Purchased

-200

6.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Purchased

700

10.0 USD

 

American

 

18/07/2025

 

Common

Put Option

Purchased

-11,900

4.0 USD

 

American

 

18/07/2025

 

Common

Put Option

Purchased

-12,000

3.0 USD

 

American

 

15/08/2025

 

Common

Call Option

Purchased

2,900

10.0 USD

 

American

 

16/01/2026

 

Common

Put Option

Purchased

-700

6.0 USD

 

American

 

18/07/2025

 

Common

Call Option

Purchased

270,900

6.0 USD

 

American

 

18/07/2025

 

Common

Put Option

Purchased

-300

4.0 USD

 

American

 

15/08/2025

 

Common

Call Option

Purchased

2,000

3.0 USD

 

American

 

18/07/2025

 

Common

Call Option

Purchased

300

15.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Sold

-9,500

4.0 USD

 

American

 

18/07/2025

 

Common

Call Option

Sold

-1,800

6.0 USD

 

American

 

17/10/2025

 

Common

Call Option

Sold

-700

12.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Sold

-2,500

4.0 USD

 

American

 

17/07/2026

 

Common

Call Option

Sold

-118,200

7.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Sold

-103,000

5.0 USD

 

American

 

17/10/2025

 

Common

Call Option

Sold

-100

2.0 USD

 

American

 

17/07/2026

 

Common

Put Option

Sold

100

5.0 USD

 

American

 

18/07/2025

 

Common

Call Option

Sold

-1,500

4.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Sold

-37,000

5.0 USD

 

American

 

17/07/2026

 

Common

Put Option

Sold

91,500

5.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Sold

-161,100

6.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Sold

-651,300

5.0 USD

 

American

 

18/07/2025

 

Common

Put Option

Sold

2,600

3.0 USD

 

American

 

17/10/2025

 

Common

Call Option

Sold

-29,400

8.0 USD

 

American

 

18/07/2025

 

Common

Call Option

Sold

-200

7.0 USD

 

American

 

18/07/2025

 

Common

Call Option

Sold

-2,400

10.0 USD

 

American

 

17/07/2026

 

Common

Call Option

Sold

-2,000

3.0 USD

 

American

 

17/10/2025

 

Common

Call Option

Sold

-300

3.0 USD

 

American

 

17/07/2026

 

Common

Call Option

Sold

-1,400

3.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Sold

-1,100

7.0 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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END
 
 
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Related Shares:

Dowlais
FTSE 100 Latest
Value8,822.91
Change-0.29