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Form 8.3 - American Axle & Manufacturing Holdings

8th May 2025 15:00

RNS Number : 9394H
Citadel Group
08 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

7 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:

1,165,323

0.98

6,395

0.00

(2) Cash-settled derivatives:

 

95,345

0.08

0

0.00

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

1,984,600

1.67

473,500

0.40

 

TOTAL:

3,245,268

2.74

479,895

0.40

 

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

426

4.0465 USD

Common

Buy Transaction

4

4.0500 USD

Common

Buy Transaction

307

4.0508 USD

Common

Buy Transaction

16

4.0600 USD

Common

Buy Transaction

365

4.0609 USD

Common

Buy Transaction

250

4.0610 USD

Common

Buy Transaction

1,120

4.0748 USD

Common

Buy Transaction

6,078

4.0792 USD

Common

Buy Transaction

499

4.0800 USD

Common

Buy Transaction

1,061

4.0816 USD

Common

Buy Transaction

199

4.0851 USD

Common

Buy Transaction

1,688

4.0864 USD

Common

Buy Transaction

1,097

4.0877 USD

Common

Buy Transaction

120

4.0892 USD

Common

Buy Transaction

1,387

4.0894 USD

Common

Buy Transaction

6,532

4.0900 USD

Common

Buy Transaction

506

4.0908 USD

Common

Buy Transaction

17

4.0918 USD

Common

Buy Transaction

1,465

4.0920 USD

Common

Buy Transaction

122

4.0950 USD

Common

Buy Transaction

399

4.0953 USD

Common

Buy Transaction

1,235

4.0954 USD

Common

Buy Transaction

2,511

4.0967 USD

Common

Buy Transaction

2,240

4.0974 USD

Common

Buy Transaction

5,419

4.0976 USD

Common

Buy Transaction

1,169

4.0976 USD

Common

Buy Transaction

515

4.0981 USD

Common

Buy Transaction

3,281

4.0989 USD

Common

Buy Transaction

320

4.0994 USD

Common

Buy Transaction

1,299

4.0996 USD

Common

Buy Transaction

24,254

4.1000 USD

Common

Buy Transaction

220

4.1004 USD

Common

Buy Transaction

4,700

4.1011 USD

Common

Buy Transaction

639

4.1026 USD

Common

Buy Transaction

159

4.1027 USD

Common

Buy Transaction

1,047

4.1032 USD

Common

Buy Transaction

3,063

4.1041 USD

Common

Buy Transaction

824

4.1046 USD

Common

Buy Transaction

73

4.1048 USD

Common

Buy Transaction

1,053

4.1070 USD

Common

Buy Transaction

205

4.1076 USD

Common

Buy Transaction

956

4.1077 USD

Common

Buy Transaction

700

4.1079 USD

Common

Buy Transaction

32,444

4.1079 USD

Common

Buy Transaction

1,000

4.1080 USD

Common

Buy Transaction

2,600

4.1081 USD

Common

Buy Transaction

1,300

4.1085 USD

Common

Buy Transaction

1,477

4.1087 USD

Common

Buy Transaction

2,213

4.1092 USD

Common

Buy Transaction

2,925

4.1093 USD

Common

Buy Transaction

4,300

4.1098 USD

Common

Buy Transaction

8,103

4.1100 USD

Common

Buy Transaction

2,011

4.1101 USD

Common

Buy Transaction

373

4.1107 USD

Common

Buy Transaction

3,755

4.1107 USD

Common

Buy Transaction

2,144

4.1109 USD

Common

Buy Transaction

3,668

4.1110 USD

Common

Buy Transaction

19,022

4.1111 USD

Common

Buy Transaction

10,978

4.1111 USD

Common

Buy Transaction

2,453

4.1116 USD

Common

Buy Transaction

250

4.1116 USD

Common

Buy Transaction

3,963

4.1118 USD

Common

Buy Transaction

4,324

4.1122 USD

Common

Buy Transaction

3,097

4.1123 USD

Common

Buy Transaction

1,800

4.1128 USD

Common

Buy Transaction

3,242

4.1129 USD

Common

Buy Transaction

2,272

4.1132 USD

Common

Buy Transaction

878

4.1132 USD

Common

Buy Transaction

2,400

4.1133 USD

Common

Buy Transaction

2,994

4.1134 USD

Common

Buy Transaction

1,300

4.1138 USD

Common

Buy Transaction

100

4.1140 USD

Common

Buy Transaction

37,993

4.1143 USD

Common

Buy Transaction

6,039

4.1151 USD

Common

Buy Transaction

1,832

4.1153 USD

Common

Buy Transaction

1,175

4.1156 USD

Common

Buy Transaction

2,700

4.1159 USD

Common

Buy Transaction

4,228

4.1161 USD

Common

Buy Transaction

2

4.1163 USD

Common

Buy Transaction

1,000

4.1170 USD

Common

Buy Transaction

1,364

4.1183 USD

Common

Buy Transaction

1,300

4.1185 USD

Common

Buy Transaction

1,407

4.1185 USD

Common

Buy Transaction

1,701

4.1189 USD

Common

Buy Transaction

3,355

4.1189 USD

Common

Buy Transaction

1,653

4.1189 USD

Common

Buy Transaction

1,071

4.1200 USD

Common

Buy Transaction

153

4.1207 USD

Common

Buy Transaction

2,090

4.1209 USD

Common

Buy Transaction

158

4.1213 USD

Common

Buy Transaction

5,400

4.1219 USD

Common

Buy Transaction

71

4.1227 USD

Common

Buy Transaction

2,500

4.1228 USD

Common

Buy Transaction

140

4.1271 USD

Common

Buy Transaction

7,968

4.1295 USD

Common

Buy Transaction

85,390

4.1300 USD

Common

Buy Transaction

37,435

4.1400 USD

Common

Buy Transaction

1

4.1458 USD

Common

DVP Transaction

39

4.0751 USD

Common

DVP Transaction

750

4.0833 USD

Common

DVP Transaction

12

4.0850 USD

Common

DVP Transaction

190

4.0855 USD

Common

DVP Transaction

400

4.0950 USD

Common

DVP Transaction

67

4.0951 USD

Common

DVP Transaction

778

4.1000 USD

Common

DVP Transaction

77,224

4.1300 USD

Common

DVP Transaction

17,372

4.1600 USD

Common

DVP Transaction

50

4.1700 USD

Common

RVP Transaction

250

4.0500 USD

Common

RVP Transaction

708

4.0912 USD

Common

RVP Transaction

1,278

4.1000 USD

Common

RVP Transaction

77,224

4.1300 USD

Common

RVP Transaction

17,372

4.1600 USD

Common

RVP Transaction

50

4.1700 USD

Common

Sell Transaction

439

4.0600 USD

Common

Sell Transaction

900

4.0610 USD

Common

Sell Transaction

2,500

4.0650 USD

Common

Sell Transaction

100

4.0700 USD

Common

Sell Transaction

1,112

4.0744 USD

Common

Sell Transaction

200

4.0750 USD

Common

Sell Transaction

652

4.0791 USD

Common

Sell Transaction

1,400

4.0799 USD

Common

Sell Transaction

2,450

4.0890 USD

Common

Sell Transaction

1,230

4.0902 USD

Common

Sell Transaction

195

4.0903 USD

Common

Sell Transaction

1,607

4.0909 USD

Common

Sell Transaction

317

4.0927 USD

Common

Sell Transaction

129

4.0943 USD

Common

Sell Transaction

1,414

4.0948 USD

Common

Sell Transaction

2,834

4.0949 USD

Common

Sell Transaction

100

4.0950 USD

Common

Sell Transaction

10,061

4.0961 USD

Common

Sell Transaction

1,114

4.0968 USD

Common

Sell Transaction

34,046

4.0973 USD

Common

Sell Transaction

273

4.0989 USD

Common

Sell Transaction

2,681

4.0992 USD

Common

Sell Transaction

2,000

4.0992 USD

Common

Sell Transaction

1,756

4.1000 USD

Common

Sell Transaction

1,895

4.1014 USD

Common

Sell Transaction

300

4.1017 USD

Common

Sell Transaction

1,079

4.1017 USD

Common

Sell Transaction

374

4.1019 USD

Common

Sell Transaction

902

4.1023 USD

Common

Sell Transaction

812

4.1025 USD

Common

Sell Transaction

831

4.1038 USD

Common

Sell Transaction

712

4.1044 USD

Common

Sell Transaction

1,125

4.1047 USD

Common

Sell Transaction

1,478

4.1047 USD

Common

Sell Transaction

266

4.1049 USD

Common

Sell Transaction

892

4.1049 USD

Common

Sell Transaction

7,213

4.1050 USD

Common

Sell Transaction

352

4.1057 USD

Common

Sell Transaction

573

4.1065 USD

Common

Sell Transaction

1,032

4.1065 USD

Common

Sell Transaction

898

4.1067 USD

Common

Sell Transaction

622

4.1069 USD

Common

Sell Transaction

3,879

4.1070 USD

Common

Sell Transaction

582

4.1074 USD

Common

Sell Transaction

688

4.1078 USD

Common

Sell Transaction

615

4.1079 USD

Common

Sell Transaction

1

4.1082 USD

Common

Sell Transaction

3,681

4.1085 USD

Common

Sell Transaction

1,225

4.1090 USD

Common

Sell Transaction

80

4.1090 USD

Common

Sell Transaction

429

4.1097 USD

Common

Sell Transaction

1,260

4.1099 USD

Common

Sell Transaction

1,012

4.1100 USD

Common

Sell Transaction

1,121

4.1104 USD

Common

Sell Transaction

1,260

4.1109 USD

Common

Sell Transaction

118

4.1115 USD

Common

Sell Transaction

3,091

4.1122 USD

Common

Sell Transaction

184

4.1123 USD

Common

Sell Transaction

959

4.1125 USD

Common

Sell Transaction

1,582

4.1136 USD

Common

Sell Transaction

2,500

4.1144 USD

Common

Sell Transaction

155

4.1147 USD

Common

Sell Transaction

4,142

4.1158 USD

Common

Sell Transaction

54

4.1159 USD

Common

Sell Transaction

7,882

4.1174 USD

Common

Sell Transaction

86

4.1179 USD

Common

Sell Transaction

700

4.1186 USD

Common

Sell Transaction

107

4.1194 USD

Common

Sell Transaction

7,411

4.1200 USD

Common

Sell Transaction

113

4.1204 USD

Common

Sell Transaction

149

4.1204 USD

Common

Sell Transaction

1,043

4.1227 USD

Common

Sell Transaction

417

4.1232 USD

Common

Sell Transaction

128

4.1234 USD

Common

Sell Transaction

1,100

4.1236 USD

Common

Sell Transaction

131

4.1247 USD

Common

Sell Transaction

600

4.1250 USD

Common

Sell Transaction

237

4.1257 USD

Common

Sell Transaction

1,366

4.1290 USD

Common

Sell Transaction

885

4.1290 USD

Common

Sell Transaction

78

4.1291 USD

Common

Sell Transaction

81,298

4.1300 USD

Common

Sell Transaction

1,597

4.1306 USD

Common

Sell Transaction

263

4.1318 USD

Common

Sell Transaction

805

4.1327 USD

Common

Sell Transaction

300

4.1333 USD

Common

Sell Transaction

401

4.1348 USD

Common

Sell Transaction

1,223

4.1350 USD

Common

Sell Transaction

400

4.1375 USD

Common

Sell Transaction

858

4.1377 USD

Common

Sell Transaction

4,478

4.1400 USD

Common

Sell Transaction

76

4.1461 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

Opening long position

44,333

4.0909 USD

Common

CFD

Opening long position

43,857

4.1138 USD

Common

CFD

Opening long position

6,482

4.1184 USD

Common

CFD

Opening long position

673

4.1350 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

3

5.0000 USD

American

2025-Jul-18

0.2000 USD

Common

Call Option

Buy Transaction

8

5.0000 USD

American

2025-Oct-17

0.4000 USD

Common

Call Option

Buy Transaction

2

4.0000 USD

American

2025-Jun-20

0.4400 USD

Common

Call Option

DVP Transaction

3

5.0000 USD

American

2025-Jul-18

0.2000 USD

Common

Call Option

DVP Transaction

25

4.0000 USD

American

2025-May-16

0.2200 USD

Common

Call Option

DVP Transaction

3

4.0000 USD

American

2025-May-16

0.2500 USD

Common

Call Option

DVP Transaction

16

5.0000 USD

American

2025-Oct-17

0.4000 USD

Common

Call Option

DVP Transaction

10

5.0000 USD

American

2025-Oct-17

0.4100 USD

Common

Call Option

DVP Transaction

6

5.0000 USD

American

2025-Oct-17

0.4200 USD

Common

Call Option

DVP Transaction

20

4.0000 USD

American

2025-Jun-20

0.4300 USD

Common

Call Option

DVP Transaction

2

4.0000 USD

American

2025-Jun-20

0.4400 USD

Common

Call Option

DVP Transaction

6

4.0000 USD

American

2025-Oct-17

0.7700 USD

Common

Call Option

RVP Transaction

3

5.0000 USD

American

2025-Jul-18

0.2000 USD

Common

Call Option

RVP Transaction

25

4.0000 USD

American

2025-May-16

0.2200 USD

Common

Call Option

RVP Transaction

3

4.0000 USD

American

2025-May-16

0.2500 USD

Common

Call Option

RVP Transaction

16

5.0000 USD

American

2025-Oct-17

0.4000 USD

Common

Call Option

RVP Transaction

10

5.0000 USD

American

2025-Oct-17

0.4100 USD

Common

Call Option

RVP Transaction

6

5.0000 USD

American

2025-Oct-17

0.4200 USD

Common

Call Option

RVP Transaction

20

4.0000 USD

American

2025-Jun-20

0.4300 USD

Common

Call Option

RVP Transaction

2

4.0000 USD

American

2025-Jun-20

0.4400 USD

Common

Call Option

RVP Transaction

6

4.0000 USD

American

2025-Oct-17

0.7700 USD

Common

Call Option

Sell Transaction

3

4.0000 USD

American

2025-May-16

0.2500 USD

Common

Call Option

Sell Transaction

20

4.0000 USD

American

2025-Jun-20

0.4300 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:

8 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

Put Option

Purchased

-13,000

3.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Purchased

300

8.0 USD

 

American

 

20/06/2025

 

Common

Put Option

Purchased

-700

7.0 USD

 

American

 

18/07/2025

 

Common

Put Option

Purchased

-1,400

4.0 USD

 

American

 

16/01/2026

 

Common

Put Option

Purchased

-9,300

4.0 USD

 

American

 

20/06/2025

 

Common

Call Option

Purchased

12,300

3.0 USD

 

American

 

16/05/2025

 

Common

Call Option

Purchased

1,000,000

5.0 USD

 

American

 

20/06/2025

 

Common

Put Option

Purchased

-8,500

5.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Purchased

245,600

6.0 USD

 

American

 

18/07/2025

 

Common

Put Option

Purchased

-1,400

5.0 USD

 

American

 

20/06/2025

 

Common

Put Option

Purchased

-900

5.0 USD

 

American

 

17/07/2026

 

Common

Call Option

Purchased

700

6.0 USD

 

American

 

17/10/2025

 

Common

Call Option

Purchased

2,300

7.0 USD

 

American

 

20/06/2025

 

Common

Call Option

Purchased

2,600

10.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Purchased

1,000

3.0 USD

 

American

 

18/07/2025

 

Common

Call Option

Purchased

700

10.0 USD

 

American

 

18/07/2025

 

Common

Put Option

Purchased

-300

5.0 USD

 

American

 

17/10/2025

 

Common

Put Option

Purchased

-500

3.0 USD

 

American

 

16/05/2025

 

Common

Call Option

Purchased

300

2.0 USD

 

American

 

17/10/2025

 

Common

Call Option

Purchased

9,100

5.0 USD

 

American

 

16/01/2026

 

Common

Put Option

Purchased

-5,800

4.0 USD

 

American

 

18/07/2025

 

Common

Put Option

Purchased

-2,300

5.0 USD

 

American

 

16/05/2025

 

Common

Call Option

Purchased

4,800

4.0 USD

 

American

 

16/05/2025

 

Common

Call Option

Purchased

600,000

6.0 USD

 

American

 

18/07/2025

 

Common

Put Option

Purchased

-600

4.0 USD

 

American

 

16/05/2025

 

Common

Call Option

Purchased

4,800

4.0 USD

 

American

 

17/10/2025

 

Common

Call Option

Sold

-9,100

4.0 USD

 

American

 

18/07/2025

 

Common

Call Option

Sold

-500

4.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Sold

-200

3.0 USD

 

American

 

20/06/2025

 

Common

Call Option

Sold

-200

15.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Sold

-100

2.0 USD

 

American

 

17/07/2026

 

Common

Call Option

Sold

-200

7.0 USD

 

American

 

18/07/2025

 

Common

Call Option

Sold

-1,400

3.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Sold

-29,400

8.0 USD

 

American

 

18/07/2025

 

Common

Call Option

Sold

-900

6.0 USD

 

American

 

20/06/2025

 

Common

Call Option

Sold

-800

12.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Sold

-125,200

5.0 USD

 

American

 

18/07/2025

 

Common

Put Option

Sold

99,900

8.0 USD

 

American

 

20/06/2025

 

Common

Call Option

Sold

-3,400

10.0 USD

 

American

 

17/07/2026

 

Common

Call Option

Sold

-2,500

4.0 USD

 

American

 

17/07/2026

 

Common

Call Option

Sold

-400

5.0 USD

 

American

 

20/06/2025

 

Common

Call Option

Sold

-91,300

5.0 USD

 

American

 

17/10/2025

 

Common

Call Option

Sold

-400

3.0 USD

 

American

 

17/07/2026

 

Common

Call Option

Sold

-5,100

4.0 USD

 

American

 

20/06/2025

 

Common

Call Option

Sold

-118,400

7.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Sold

-2,000

3.0 USD

 

American

 

17/10/2025

 

Common

Call Option

Sold

-36,200

5.0 USD

 

American

 

17/07/2026

 

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

-1,000

5.0 USD

 

American

 

16/05/2025

 

Common

Call Option

Sold

-100

7.0 USD

 

American

 

17/10/2025

 

 

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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