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Form 8.3 - American Axle & Manufacturing Holdings

27th May 2025 07:00

RNS Number : 0801K
Citadel Group
27 May 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

23 May 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:

1,053,100

0.88

86,301

0.07

(2) Cash-settled derivatives:

 

870,231

0.73

0

0.00

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

981,400

0.82

995,800

0.83

 

TOTAL:

2,904,731

2.44

1,082,101

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

34,199

4.2293 USD

Common

Buy Transaction

300

4.2300 USD

Common

Buy Transaction

1,500

4.2350 USD

Common

Buy Transaction

522

4.2408 USD

Common

Buy Transaction

509

4.2451 USD

Common

Buy Transaction

1,000

4.2460 USD

Common

Buy Transaction

767

4.2496 USD

Common

Buy Transaction

4,680

4.2500 USD

Common

Buy Transaction

8,955

4.2517 USD

Common

Buy Transaction

3,930

4.2518 USD

Common

Buy Transaction

1,000

4.2520 USD

Common

Buy Transaction

20,019

4.2526 USD

Common

Buy Transaction

348

4.2530 USD

Common

Buy Transaction

16,802

4.2532 USD

Common

Buy Transaction

1,401

4.2536 USD

Common

Buy Transaction

2,576

4.2538 USD

Common

Buy Transaction

143

4.2544 USD

Common

Buy Transaction

1,100

4.2545 USD

Common

Buy Transaction

147

4.2550 USD

Common

Buy Transaction

695

4.2563 USD

Common

Buy Transaction

3,301

4.2565 USD

Common

Buy Transaction

567

4.2567 USD

Common

Buy Transaction

4,500

4.2573 USD

Common

Buy Transaction

1,236

4.2581 USD

Common

Buy Transaction

5,234

4.2585 USD

Common

Buy Transaction

1

4.2589 USD

Common

Buy Transaction

338

4.2593 USD

Common

Buy Transaction

310

4.2594 USD

Common

Buy Transaction

1,911

4.2594 USD

Common

Buy Transaction

4,516

4.2599 USD

Common

Buy Transaction

831

4.2600 USD

Common

Buy Transaction

1,397

4.2605 USD

Common

Buy Transaction

1,529

4.2610 USD

Common

Buy Transaction

1,606

4.2629 USD

Common

Buy Transaction

511

4.2630 USD

Common

Buy Transaction

6,956

4.2641 USD

Common

Buy Transaction

553

4.2648 USD

Common

Buy Transaction

1,100

4.2664 USD

Common

Buy Transaction

36,495

4.2666 USD

Common

Buy Transaction

300

4.2667 USD

Common

Buy Transaction

800

4.2675 USD

Common

Buy Transaction

14,410

4.2689 USD

Common

Buy Transaction

10

4.2690 USD

Common

Buy Transaction

3,402

4.2700 USD

Common

Buy Transaction

2,451

4.2708 USD

Common

Buy Transaction

900

4.2711 USD

Common

Buy Transaction

702

4.2714 USD

Common

Buy Transaction

1,932

4.2719 USD

Common

Buy Transaction

1,478

4.2738 USD

Common

Buy Transaction

1,100

4.2745 USD

Common

Buy Transaction

70

4.2750 USD

Common

Buy Transaction

1,100

4.2764 USD

Common

Buy Transaction

11,577

4.2770 USD

Common

Buy Transaction

905

4.2775 USD

Common

Buy Transaction

183

4.2785 USD

Common

Buy Transaction

13,543

4.2800 USD

Common

Buy Transaction

14,331

4.2804 USD

Common

Buy Transaction

2,707

4.2805 USD

Common

Buy Transaction

1

4.2805 USD

Common

Buy Transaction

1,900

4.2816 USD

Common

Buy Transaction

3,718

4.2828 USD

Common

Buy Transaction

1,109

4.2838 USD

Common

Buy Transaction

200

4.2850 USD

Common

Buy Transaction

77

4.2851 USD

Common

Buy Transaction

21

4.2857 USD

Common

Buy Transaction

2,314

4.2861 USD

Common

Buy Transaction

137

4.2869 USD

Common

Buy Transaction

170

4.2874 USD

Common

Buy Transaction

1,906

4.2878 USD

Common

Buy Transaction

1,969

4.2880 USD

Common

Buy Transaction

2,247

4.2884 USD

Common

Buy Transaction

136

4.2900 USD

Common

Buy Transaction

550

4.2909 USD

Common

Buy Transaction

800

4.2912 USD

Common

Buy Transaction

300

4.2917 USD

Common

Buy Transaction

200

4.2950 USD

Common

Buy Transaction

509

4.2971 USD

Common

Buy Transaction

4,988

4.2980 USD

Common

Buy Transaction

69

4.2996 USD

Common

Buy Transaction

59

4.3000 USD

Common

Buy Transaction

1,049

4.3016 USD

Common

Buy Transaction

34

4.3018 USD

Common

Buy Transaction

2,617

4.3021 USD

Common

Buy Transaction

127

4.3046 USD

Common

Buy Transaction

2,020

4.3050 USD

Common

Buy Transaction

201

4.3055 USD

Common

Buy Transaction

786

4.3100 USD

Common

Buy Transaction

11

4.3155 USD

Common

Buy Transaction

49

4.3200 USD

Common

Buy Transaction

42

4.3800 USD

Common

DVP Transaction

1,381

4.2400 USD

Common

DVP Transaction

192

4.2450 USD

Common

DVP Transaction

2

4.2600 USD

Common

DVP Transaction

634

4.2662 USD

Common

DVP Transaction

124

4.2700 USD

Common

DVP Transaction

246

4.2701 USD

Common

DVP Transaction

302

4.2708 USD

Common

DVP Transaction

104

4.2746 USD

Common

DVP Transaction

12

4.2750 USD

Common

DVP Transaction

480

4.2770 USD

Common

DVP Transaction

246

4.2777 USD

Common

DVP Transaction

12,615

4.2800 USD

Common

DVP Transaction

71

4.2811 USD

Common

DVP Transaction

46

4.2817 USD

Common

DVP Transaction

60

4.2850 USD

Common

DVP Transaction

482

4.2895 USD

Common

DVP Transaction

192

4.2925 USD

Common

DVP Transaction

96

4.2950 USD

Common

DVP Transaction

29,513

4.2973 USD

Common

DVP Transaction

2,212

4.3050 USD

Common

DVP Transaction

306

4.3089 USD

Common

DVP Transaction

1

4.4000 USD

Common

RVP Transaction

1,381

4.2400 USD

Common

RVP Transaction

101

4.2700 USD

Common

RVP Transaction

302

4.2708 USD

Common

RVP Transaction

490

4.2731 USD

Common

RVP Transaction

100

4.2750 USD

Common

RVP Transaction

43

4.2758 USD

Common

RVP Transaction

3,007

4.2781 USD

Common

RVP Transaction

12,363

4.2800 USD

Common

RVP Transaction

3,128

4.2813 USD

Common

RVP Transaction

50

4.2832 USD

Common

RVP Transaction

978

4.2840 USD

Common

RVP Transaction

1,000

4.2850 USD

Common

RVP Transaction

556

4.2851 USD

Common

RVP Transaction

1,683

4.2858 USD

Common

RVP Transaction

4

4.2875 USD

Common

RVP Transaction

401

4.2900 USD

Common

RVP Transaction

2,011

4.2904 USD

Common

RVP Transaction

20

4.2905 USD

Common

RVP Transaction

699

4.2986 USD

Common

RVP Transaction

206

4.2997 USD

Common

RVP Transaction

1

4.3000 USD

Common

RVP Transaction

3,779

4.3006 USD

Common

RVP Transaction

5,518

4.3010 USD

Common

RVP Transaction

521

4.3017 USD

Common

RVP Transaction

3,642

4.3026 USD

Common

RVP Transaction

2,020

4.3050 USD

Common

RVP Transaction

100

4.3100 USD

Common

RVP Transaction

2,261

4.3100 USD

Common

RVP Transaction

2,952

4.3129 USD

Common

Sell Transaction

34,199

4.2293 USD

Common

Sell Transaction

2,797

4.2400 USD

Common

Sell Transaction

800

4.2412 USD

Common

Sell Transaction

2,315

4.2418 USD

Common

Sell Transaction

359

4.2466 USD

Common

Sell Transaction

400

4.2475 USD

Common

Sell Transaction

350

4.2486 USD

Common

Sell Transaction

0

4.2495 USD

Common

Sell Transaction

7,959

4.2500 USD

Common

Sell Transaction

411

4.2503 USD

Common

Sell Transaction

2,100

4.2519 USD

Common

Sell Transaction

1,200

4.2533 USD

Common

Sell Transaction

500

4.2540 USD

Common

Sell Transaction

2,920

4.2542 USD

Common

Sell Transaction

700

4.2543 USD

Common

Sell Transaction

4,584

4.2546 USD

Common

Sell Transaction

3,000

4.2550 USD

Common

Sell Transaction

418

4.2550 USD

Common

Sell Transaction

1,029

4.2551 USD

Common

Sell Transaction

1,635

4.2552 USD

Common

Sell Transaction

602

4.2566 USD

Common

Sell Transaction

186

4.2568 USD

Common

Sell Transaction

1,285

4.2569 USD

Common

Sell Transaction

1,000

4.2570 USD

Common

Sell Transaction

0

4.2571 USD

Common

Sell Transaction

200

4.2575 USD

Common

Sell Transaction

1,450

4.2576 USD

Common

Sell Transaction

1,100

4.2582 USD

Common

Sell Transaction

311

4.2586 USD

Common

Sell Transaction

8

4.2588 USD

Common

Sell Transaction

2,135

4.2600 USD

Common

Sell Transaction

700

4.2614 USD

Common

Sell Transaction

500

4.2620 USD

Common

Sell Transaction

800

4.2625 USD

Common

Sell Transaction

1,977

4.2632 USD

Common

Sell Transaction

210

4.2639 USD

Common

Sell Transaction

100

4.2650 USD

Common

Sell Transaction

299

4.2657 USD

Common

Sell Transaction

1,184

4.2660 USD

Common

Sell Transaction

2,996

4.2661 USD

Common

Sell Transaction

300

4.2667 USD

Common

Sell Transaction

2,363

4.2673 USD

Common

Sell Transaction

15,076

4.2676 USD

Common

Sell Transaction

409

4.2680 USD

Common

Sell Transaction

886

4.2683 USD

Common

Sell Transaction

29

4.2693 USD

Common

Sell Transaction

279

4.2697 USD

Common

Sell Transaction

2,429

4.2700 USD

Common

Sell Transaction

731

4.2705 USD

Common

Sell Transaction

2,800

4.2707 USD

Common

Sell Transaction

240

4.2713 USD

Common

Sell Transaction

800

4.2719 USD

Common

Sell Transaction

900

4.2722 USD

Common

Sell Transaction

215

4.2738 USD

Common

Sell Transaction

18,648

4.2739 USD

Common

Sell Transaction

484

4.2750 USD

Common

Sell Transaction

2,000

4.2763 USD

Common

Sell Transaction

300

4.2767 USD

Common

Sell Transaction

500

4.2780 USD

Common

Sell Transaction

941

4.2787 USD

Common

Sell Transaction

500

4.2790 USD

Common

Sell Transaction

4,504

4.2793 USD

Common

Sell Transaction

1,285

4.2793 USD

Common

Sell Transaction

18

4.2794 USD

Common

Sell Transaction

23,313

4.2800 USD

Common

Sell Transaction

9,436

4.2801 USD

Common

Sell Transaction

1,059

4.2814 USD

Common

Sell Transaction

8,013

4.2817 USD

Common

Sell Transaction

500

4.2820 USD

Common

Sell Transaction

1,000

4.2830 USD

Common

Sell Transaction

1,300

4.2831 USD

Common

Sell Transaction

800

4.2838 USD

Common

Sell Transaction

400

4.2850 USD

Common

Sell Transaction

2,949

4.2855 USD

Common

Sell Transaction

1,342

4.2860 USD

Common

Sell Transaction

226

4.2862 USD

Common

Sell Transaction

2,300

4.2900 USD

Common

Sell Transaction

6,100

4.2942 USD

Common

Sell Transaction

1,458

4.2948 USD

Common

Sell Transaction

407

4.2948 USD

Common

Sell Transaction

232

4.2948 USD

Common

Sell Transaction

470

4.2950 USD

Common

Sell Transaction

774

4.2971 USD

Common

Sell Transaction

700

4.2971 USD

Common

Sell Transaction

960

4.2973 USD

Common

Sell Transaction

6

4.2983 USD

Common

Sell Transaction

605

4.2999 USD

Common

Sell Transaction

2,023

4.3000 USD

Common

Sell Transaction

192

4.3028 USD

Common

Sell Transaction

110

4.3032 USD

Common

Sell Transaction

85

4.3091 USD

Common

Sell Transaction

75

4.3091 USD

Common

Sell Transaction

975

4.3100 USD

Common

Sell Transaction

6,543

4.3110 USD

Common

Sell Transaction

1,138

4.3146 USD

Common

Sell Transaction

18

4.3150 USD

Common

Sell Transaction

5

4.3160 USD

Common

Sell Transaction

1,371

4.3193 USD

Common

Sell Transaction

5,237

4.3200 USD

Common

Sell Transaction

42

4.3800 USD

Common

Sell Transaction

1

4.4000 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

36,234

4.2687 USD

Common

CFD

Increasing long position

29,920

4.2772 USD

Common

CFD

Reducing long position

15,782

4.2847 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

2

5.0000 USD

American

2025-Jun-20

0.0900 USD

Common

Put Option

Buy Transaction

72

3.0000 USD

American

2025-Jul-18

0.0900 USD

Common

Call Option

DVP Transaction

4

5.0000 USD

American

2025-Jun-20

0.0900 USD

Common

Put Option

DVP Transaction

72

3.0000 USD

American

2025-Jul-18

0.0900 USD

Common

Call Option

DVP Transaction

5

5.0000 USD

American

2025-Jun-20

0.1500 USD

Common

Call Option

DVP Transaction

1

6.0000 USD

American

2025-Oct-17

0.2500 USD

Common

Call Option

RVP Transaction

4

5.0000 USD

American

2025-Jun-20

0.0900 USD

Common

Put Option

RVP Transaction

72

3.0000 USD

American

2025-Jul-18

0.0900 USD

Common

Call Option

RVP Transaction

5

5.0000 USD

American

2025-Jun-20

0.1500 USD

Common

Call Option

RVP Transaction

1

6.0000 USD

American

2025-Oct-17

0.2500 USD

Common

Call Option

Sell Transaction

10,000

5.0000 USD

American

2025-Jun-20

0.0900 USD

Common

Call Option

Sell Transaction

6

5.0000 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:

26 May 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

Call Option

Purchased

2,600

10.0 USD

 

American

 

16/01/2026

 

Common

Put Option

Purchased

-8,500

5.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Purchased

700

6.0 USD

 

American

 

17/10/2025

 

Common

Put Option

Purchased

-300

5.0 USD

 

American

 

17/10/2025

 

Common

Call Option

Purchased

2,000

7.0 USD

 

American

 

20/06/2025

 

Common

Call Option

Purchased

7,900

4.0 USD

 

American

 

17/10/2025

 

Common

Call Option

Purchased

700

10.0 USD

 

American

 

18/07/2025

 

Common

Call Option

Purchased

300

2.0 USD

 

American

 

17/10/2025

 

Common

Call Option

Purchased

300

15.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Purchased

300

8.0 USD

 

American

 

20/06/2025

 

Common

Call Option

Purchased

256,300

6.0 USD

 

American

 

18/07/2025

 

Common

Put Option

Purchased

-8,000

4.0 USD

 

American

 

20/06/2025

 

Common

Call Option

Purchased

1,000

6.0 USD

 

American

 

20/06/2025

 

Common

Put Option

Purchased

-7,200

3.0 USD

 

American

 

18/07/2025

 

Common

Put Option

Purchased

-6,000

4.0 USD

 

American

 

18/07/2025

 

Common

Call Option

Purchased

9,200

5.0 USD

 

American

 

16/01/2026

 

Common

Put Option

Purchased

-1,400

4.0 USD

 

American

 

16/01/2026

 

Common

Put Option

Purchased

-700

7.0 USD

 

American

 

18/07/2025

 

Common

Put Option

Purchased

-1,300

5.0 USD

 

American

 

20/06/2025

 

Common

Put Option

Purchased

-900

5.0 USD

 

American

 

17/07/2026

 

Common

Call Option

Purchased

1,000

3.0 USD

 

American

 

18/07/2025

 

Common

Put Option

Purchased

-13,000

3.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Sold

-2,000

3.0 USD

 

American

 

17/10/2025

 

Common

Call Option

Sold

-1,400

3.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Sold

-645,200

5.0 USD

 

American

 

18/07/2025

 

Common

Call Option

Sold

-8,200

4.0 USD

 

American

 

18/07/2025

 

Common

Call Option

Sold

-3,400

10.0 USD

 

American

 

17/07/2026

 

Common

Call Option

Sold

-2,100

5.0 USD

 

American

 

20/06/2025

 

Common

Call Option

Sold

-800

6.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Sold

-117,900

7.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Sold

-800

12.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Sold

-400

3.0 USD

 

American

 

17/07/2026

 

Common

Call Option

Sold

-29,400

8.0 USD

 

American

 

18/07/2025

 

Common

Call Option

Sold

-36,100

5.0 USD

 

American

 

17/07/2026

 

Common

Put Option

Sold

98,900

8.0 USD

 

American

 

20/06/2025

 

Common

Call Option

Sold

-2,500

4.0 USD

 

American

 

17/07/2026

 

Common

Call Option

Sold

-200

3.0 USD

 

American

 

20/06/2025

 

Common

Put Option

Sold

100

3.0 USD

 

American

 

20/06/2025

 

Common

Put Option

Sold

100

5.0 USD

 

American

 

18/07/2025

 

Common

Call Option

Sold

-95,400

5.0 USD

 

American

 

17/10/2025

 

Common

Call Option

Sold

-200

7.0 USD

 

American

 

18/07/2025

 

Common

Call Option

Sold

-1,900

4.0 USD

 

American

 

20/06/2025

 

Common

Call Option

Sold

-500

4.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Sold

-100

2.0 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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