2nd 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 | 1 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: | 2,096,267 | 1.76 | 134,303 | 0.11 |
(2) Cash-settled derivatives:
| 464,224 | 0.39 | 0 | 0.00 |
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 979,700 | 0.82 | 1,365,900 | 1.15 |
TOTAL: | 3,540,191 | 2.98 | 1,500,203 | 1.26 |
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 | 2,700 | 4.0000 USD |
Common | Buy Transaction | 587 | 4.0006 USD |
Common | Buy Transaction | 300 | 4.0050 USD |
Common | Buy Transaction | 1,200 | 4.0096 USD |
Common | Buy Transaction | 4,191 | 4.0100 USD |
Common | Buy Transaction | 5 | 4.0120 USD |
Common | Buy Transaction | 1,070 | 4.0154 USD |
Common | Buy Transaction | 1,491 | 4.0200 USD |
Common | Buy Transaction | 1,045 | 4.0228 USD |
Common | Buy Transaction | 62 | 4.0291 USD |
Common | Buy Transaction | 1,488 | 4.0302 USD |
Common | Buy Transaction | 2,950 | 4.0329 USD |
Common | Buy Transaction | 496 | 4.0363 USD |
Common | Buy Transaction | 668 | 4.0407 USD |
Common | Buy Transaction | 4,453 | 4.0436 USD |
Common | Buy Transaction | 1,501 | 4.0458 USD |
Common | Buy Transaction | 4,578 | 4.0461 USD |
Common | Buy Transaction | 1,600 | 4.0500 USD |
Common | Buy Transaction | 2,115 | 4.0506 USD |
Common | Buy Transaction | 16 | 4.0507 USD |
Common | Buy Transaction | 14 | 4.0514 USD |
Common | Buy Transaction | 504 | 4.0600 USD |
Common | Buy Transaction | 3,609 | 4.0624 USD |
Common | Buy Transaction | 200 | 4.0650 USD |
Common | Buy Transaction | 906 | 4.0668 USD |
Common | Buy Transaction | 212 | 4.0674 USD |
Common | Buy Transaction | 2,700 | 4.0674 USD |
Common | Buy Transaction | 4,469 | 4.0682 USD |
Common | Buy Transaction | 3,883 | 4.0700 USD |
Common | Buy Transaction | 8,665 | 4.0775 USD |
Common | Buy Transaction | 1 | 4.0779 USD |
Common | Buy Transaction | 600 | 4.0783 USD |
Common | Buy Transaction | 1,700 | 4.0824 USD |
Common | Buy Transaction | 1,275 | 4.0833 USD |
Common | Buy Transaction | 2,001 | 4.0840 USD |
Common | Buy Transaction | 5,983 | 4.0849 USD |
Common | Buy Transaction | 30 | 4.0850 USD |
Common | Buy Transaction | 5,000 | 4.0862 USD |
Common | Buy Transaction | 224 | 4.0879 USD |
Common | Buy Transaction | 5,013 | 4.0891 USD |
Common | Buy Transaction | 945 | 4.0892 USD |
Common | Buy Transaction | 1,005 | 4.0894 USD |
Common | Buy Transaction | 262 | 4.0900 USD |
Common | Buy Transaction | 700 | 4.0914 USD |
Common | Buy Transaction | 5,393 | 4.0926 USD |
Common | Buy Transaction | 617 | 4.0950 USD |
Common | Buy Transaction | 100 | 4.0950 USD |
Common | Buy Transaction | 2,352 | 4.1000 USD |
Common | Buy Transaction | 156 | 4.1012 USD |
Common | Buy Transaction | 1,628 | 4.1022 USD |
Common | Buy Transaction | 4,958 | 4.1036 USD |
Common | Buy Transaction | 1,588 | 4.1049 USD |
Common | Buy Transaction | 3,204 | 4.1054 USD |
Common | Buy Transaction | 500 | 4.1060 USD |
Common | Buy Transaction | 2,336 | 4.1077 USD |
Common | Buy Transaction | 2,566 | 4.1103 USD |
Common | Buy Transaction | 22,667 | 4.1122 USD |
Common | Buy Transaction | 3,073 | 4.1170 USD |
Common | Buy Transaction | 1,700 | 4.1221 USD |
Common | Buy Transaction | 400 | 4.1225 USD |
Common | Buy Transaction | 4,449 | 4.1238 USD |
Common | Buy Transaction | 5 | 4.1260 USD |
Common | Buy Transaction | 12,716 | 4.1270 USD |
Common | Buy Transaction | 16,180 | 4.1296 USD |
Common | Buy Transaction | 3,771 | 4.1331 USD |
Common | Buy Transaction | 348 | 4.1342 USD |
Common | Buy Transaction | 19,287 | 4.1346 USD |
Common | Buy Transaction | 1,078 | 4.1348 USD |
Common | Buy Transaction | 1,700 | 4.1350 USD |
Common | Buy Transaction | 407 | 4.1355 USD |
Common | Buy Transaction | 632 | 4.1369 USD |
Common | Buy Transaction | 1,325 | 4.1374 USD |
Common | Buy Transaction | 5,863 | 4.1400 USD |
Common | Buy Transaction | 4,282 | 4.1429 USD |
Common | Buy Transaction | 231 | 4.1448 USD |
Common | Buy Transaction | 1,582 | 4.1495 USD |
Common | Buy Transaction | 1,951 | 4.1500 USD |
Common | Buy Transaction | 106 | 4.1511 USD |
Common | Buy Transaction | 38,941 | 4.1537 USD |
Common | Buy Transaction | 10,200 | 4.1547 USD |
Common | Buy Transaction | 104 | 4.1550 USD |
Common | Buy Transaction | 14 | 4.1564 USD |
Common | Buy Transaction | 1,779 | 4.1568 USD |
Common | Buy Transaction | 299 | 4.1593 USD |
Common | Buy Transaction | 2,115 | 4.1599 USD |
Common | Buy Transaction | 27 | 4.1600 USD |
Common | Buy Transaction | 13,351 | 4.1615 USD |
Common | Buy Transaction | 2,449 | 4.1629 USD |
Common | Buy Transaction | 20 | 4.1645 USD |
Common | Buy Transaction | 500 | 4.1650 USD |
Common | Buy Transaction | 15,485 | 4.1660 USD |
Common | Buy Transaction | 87,039 | 4.1668 USD |
Common | Buy Transaction | 4,413 | 4.1673 USD |
Common | Buy Transaction | 1,655 | 4.1680 USD |
Common | Buy Transaction | 597 | 4.1682 USD |
Common | Buy Transaction | 6,143 | 4.1684 USD |
Common | Buy Transaction | 848 | 4.1685 USD |
Common | Buy Transaction | 227 | 4.1691 USD |
Common | Buy Transaction | 488 | 4.1691 USD |
Common | Buy Transaction | 267 | 4.1694 USD |
Common | Buy Transaction | 213 | 4.1700 USD |
Common | Buy Transaction | 57 | 4.1705 USD |
Common | Buy Transaction | 58 | 4.1707 USD |
Common | Buy Transaction | 10 | 4.1710 USD |
Common | Buy Transaction | 42,836 | 4.1711 USD |
Common | Buy Transaction | 1,148 | 4.1712 USD |
Common | Buy Transaction | 12 | 4.1717 USD |
Common | Buy Transaction | 500 | 4.1720 USD |
Common | Buy Transaction | 88 | 4.1739 USD |
Common | Buy Transaction | 100 | 4.1750 USD |
Common | Buy Transaction | 91 | 4.1751 USD |
Common | Buy Transaction | 178,865 | 4.1769 USD |
Common | Buy Transaction | 4,336 | 4.1779 USD |
Common | Buy Transaction | 3,854 | 4.1785 USD |
Common | Buy Transaction | 19 | 4.1795 USD |
Common | Buy Transaction | 14,344 | 4.1800 USD |
Common | Buy Transaction | 20 | 4.1810 USD |
Common | Buy Transaction | 530 | 4.1832 USD |
Common | Buy Transaction | 739 | 4.1841 USD |
Common | Buy Transaction | 100 | 4.1850 USD |
Common | Buy Transaction | 3,717 | 4.1879 USD |
Common | Buy Transaction | 600 | 4.1900 USD |
Common | Buy Transaction | 130 | 4.1915 USD |
Common | Buy Transaction | 846 | 4.1940 USD |
Common | Buy Transaction | 1 | 4.1944 USD |
Common | Buy Transaction | 378 | 4.1979 USD |
Common | Buy Transaction | 400 | 4.2000 USD |
Common | Buy Transaction | 307 | 4.2008 USD |
Common | Buy Transaction | 11,243 | 4.2081 USD |
Common | Buy Transaction | 30,867 | 4.2092 USD |
Common | Buy Transaction | 200 | 4.2100 USD |
Common | Buy Transaction | 1,002 | 4.2109 USD |
Common | Buy Transaction | 344 | 4.2128 USD |
Common | Buy Transaction | 11,000 | 4.2136 USD |
Common | Buy Transaction | 833 | 4.2148 USD |
Common | Buy Transaction | 210 | 4.2152 USD |
Common | Buy Transaction | 1,180 | 4.2153 USD |
Common | Buy Transaction | 12,377 | 4.2183 USD |
Common | Buy Transaction | 1,322 | 4.2196 USD |
Common | Buy Transaction | 102 | 4.2196 USD |
Common | Buy Transaction | 2,129 | 4.2200 USD |
Common | Buy Transaction | 257 | 4.2200 USD |
Common | Buy Transaction | 1,423 | 4.2223 USD |
Common | Buy Transaction | 1,261 | 4.2232 USD |
Common | Buy Transaction | 1 | 4.2250 USD |
Common | Buy Transaction | 209 | 4.2278 USD |
Common | Buy Transaction | 1,241 | 4.2300 USD |
Common | Buy Transaction | 46 | 4.2309 USD |
Common | Buy Transaction | 2,000 | 4.2310 USD |
Common | Buy Transaction | 8 | 4.2350 USD |
Common | Buy Transaction | 188 | 4.2356 USD |
Common | Buy Transaction | 1,805 | 4.2372 USD |
Common | Buy Transaction | 4,245 | 4.2400 USD |
Common | Buy Transaction | 1 | 4.2438 USD |
Common | Buy Transaction | 138,672 | 4.2500 USD |
Common | Buy Transaction | 2 | 4.2700 USD |
Common | Buy Transaction | 1 | 4.3000 USD |
Common | DVP Transaction | 173 | 3.9928 USD |
Common | DVP Transaction | 223 | 4.0135 USD |
Common | DVP Transaction | 3,561 | 4.0300 USD |
Common | DVP Transaction | 1 | 4.2100 USD |
Common | DVP Transaction | 1,074 | 4.2400 USD |
Common | DVP Transaction | 135,486 | 4.2500 USD |
Common | RVP Transaction | 197 | 3.9947 USD |
Common | RVP Transaction | 100 | 4.0000 USD |
Common | RVP Transaction | 3,661 | 4.0300 USD |
Common | RVP Transaction | 1,074 | 4.2400 USD |
Common | RVP Transaction | 135,486 | 4.2500 USD |
Common | Sell Transaction | 100 | 3.9900 USD |
Common | Sell Transaction | 1,017 | 3.9905 USD |
Common | Sell Transaction | 100 | 3.9950 USD |
Common | Sell Transaction | 500 | 3.9960 USD |
Common | Sell Transaction | 1,125 | 4.0000 USD |
Common | Sell Transaction | 692 | 4.0014 USD |
Common | Sell Transaction | 700 | 4.0021 USD |
Common | Sell Transaction | 600 | 4.0067 USD |
Common | Sell Transaction | 11 | 4.0082 USD |
Common | Sell Transaction | 106 | 4.0094 USD |
Common | Sell Transaction | 336 | 4.0100 USD |
Common | Sell Transaction | 179 | 4.0124 USD |
Common | Sell Transaction | 10 | 4.0150 USD |
Common | Sell Transaction | 17 | 4.0153 USD |
Common | Sell Transaction | 296 | 4.0200 USD |
Common | Sell Transaction | 124 | 4.0291 USD |
Common | Sell Transaction | 2,184 | 4.0331 USD |
Common | Sell Transaction | 10 | 4.0350 USD |
Common | Sell Transaction | 910 | 4.0355 USD |
Common | Sell Transaction | 598 | 4.0385 USD |
Common | Sell Transaction | 9 | 4.0489 USD |
Common | Sell Transaction | 1,000 | 4.0500 USD |
Common | Sell Transaction | 8 | 4.0507 USD |
Common | Sell Transaction | 635 | 4.0536 USD |
Common | Sell Transaction | 21,200 | 4.0557 USD |
Common | Sell Transaction | 1 | 4.0600 USD |
Common | Sell Transaction | 240 | 4.0620 USD |
Common | Sell Transaction | 3,915 | 4.0763 USD |
Common | Sell Transaction | 2,700 | 4.0781 USD |
Common | Sell Transaction | 169 | 4.0800 USD |
Common | Sell Transaction | 5,337 | 4.0865 USD |
Common | Sell Transaction | 780 | 4.0912 USD |
Common | Sell Transaction | 7 | 4.0914 USD |
Common | Sell Transaction | 305 | 4.1000 USD |
Common | Sell Transaction | 2,400 | 4.1058 USD |
Common | Sell Transaction | 2 | 4.1064 USD |
Common | Sell Transaction | 800 | 4.1075 USD |
Common | Sell Transaction | 3,375 | 4.1117 USD |
Common | Sell Transaction | 1,659 | 4.1158 USD |
Common | Sell Transaction | 153 | 4.1159 USD |
Common | Sell Transaction | 2,192 | 4.1243 USD |
Common | Sell Transaction | 15,747 | 4.1279 USD |
Common | Sell Transaction | 2,965 | 4.1280 USD |
Common | Sell Transaction | 4,400 | 4.1355 USD |
Common | Sell Transaction | 1,225 | 4.1400 USD |
Common | Sell Transaction | 500 | 4.1401 USD |
Common | Sell Transaction | 1,603 | 4.1451 USD |
Common | Sell Transaction | 2,631 | 4.1486 USD |
Common | Sell Transaction | 300 | 4.1500 USD |
Common | Sell Transaction | 1,481 | 4.1509 USD |
Common | Sell Transaction | 1,542 | 4.1512 USD |
Common | Sell Transaction | 14 | 4.1586 USD |
Common | Sell Transaction | 1,279 | 4.1610 USD |
Common | Sell Transaction | 4,726 | 4.1681 USD |
Common | Sell Transaction | 181,198 | 4.1685 USD |
Common | Sell Transaction | 312 | 4.1695 USD |
Common | Sell Transaction | 602 | 4.1700 USD |
Common | Sell Transaction | 7,597 | 4.1710 USD |
Common | Sell Transaction | 14 | 4.1714 USD |
Common | Sell Transaction | 12,935 | 4.1720 USD |
Common | Sell Transaction | 19,271 | 4.1741 USD |
Common | Sell Transaction | 2,022 | 4.1743 USD |
Common | Sell Transaction | 109 | 4.1743 USD |
Common | Sell Transaction | 532 | 4.1744 USD |
Common | Sell Transaction | 5,135 | 4.1753 USD |
Common | Sell Transaction | 2,221 | 4.1771 USD |
Common | Sell Transaction | 3,400 | 4.1774 USD |
Common | Sell Transaction | 1,165 | 4.1782 USD |
Common | Sell Transaction | 2,570 | 4.1790 USD |
Common | Sell Transaction | 3,171 | 4.1790 USD |
Common | Sell Transaction | 217 | 4.1800 USD |
Common | Sell Transaction | 815 | 4.1856 USD |
Common | Sell Transaction | 164 | 4.1901 USD |
Common | Sell Transaction | 476 | 4.1911 USD |
Common | Sell Transaction | 1,422 | 4.1915 USD |
Common | Sell Transaction | 500 | 4.1920 USD |
Common | Sell Transaction | 2,222 | 4.1935 USD |
Common | Sell Transaction | 2,100 | 4.1950 USD |
Common | Sell Transaction | 37,706 | 4.1951 USD |
Common | Sell Transaction | 1,006 | 4.1959 USD |
Common | Sell Transaction | 1,492 | 4.2000 USD |
Common | Sell Transaction | 276 | 4.2017 USD |
Common | Sell Transaction | 5,418 | 4.2034 USD |
Common | Sell Transaction | 77,906 | 4.2065 USD |
Common | Sell Transaction | 376 | 4.2077 USD |
Common | Sell Transaction | 1 | 4.2090 USD |
Common | Sell Transaction | 3,227 | 4.2100 USD |
Common | Sell Transaction | 5,328 | 4.2110 USD |
Common | Sell Transaction | 2,177 | 4.2118 USD |
Common | Sell Transaction | 5,966 | 4.2124 USD |
Common | Sell Transaction | 224 | 4.2135 USD |
Common | Sell Transaction | 100 | 4.2150 USD |
Common | Sell Transaction | 1 | 4.2188 USD |
Common | Sell Transaction | 197 | 4.2189 USD |
Common | Sell Transaction | 300 | 4.2200 USD |
Common | Sell Transaction | 110 | 4.2209 USD |
Common | Sell Transaction | 400 | 4.2250 USD |
Common | Sell Transaction | 7,917 | 4.2255 USD |
Common | Sell Transaction | 4,813 | 4.2269 USD |
Common | Sell Transaction | 2,009 | 4.2273 USD |
Common | Sell Transaction | 17 | 4.2282 USD |
Common | Sell Transaction | 234 | 4.2285 USD |
Common | Sell Transaction | 12,287 | 4.2289 USD |
Common | Sell Transaction | 1,367 | 4.2296 USD |
Common | Sell Transaction | 10,827 | 4.2300 USD |
Common | Sell Transaction | 101 | 4.2302 USD |
Common | Sell Transaction | 1,105 | 4.2310 USD |
Common | Sell Transaction | 900 | 4.2310 USD |
Common | Sell Transaction | 23,697 | 4.2314 USD |
Common | Sell Transaction | 3,315 | 4.2315 USD |
Common | Sell Transaction | 6,970 | 4.2325 USD |
Common | Sell Transaction | 7,889 | 4.2332 USD |
Common | Sell Transaction | 563 | 4.2334 USD |
Common | Sell Transaction | 1,900 | 4.2337 USD |
Common | Sell Transaction | 2,480 | 4.2349 USD |
Common | Sell Transaction | 6,111 | 4.2350 USD |
Common | Sell Transaction | 607 | 4.2350 USD |
Common | Sell Transaction | 91 | 4.2362 USD |
Common | Sell Transaction | 527 | 4.2380 USD |
Common | Sell Transaction | 4,521 | 4.2400 USD |
Common | Sell Transaction | 81 | 4.2411 USD |
Common | Sell Transaction | 140,262 | 4.2500 USD |
Common | Sell Transaction | 2 | 4.3000 USD |
Common | Sell Transaction | 40 | 4.3720 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 | 7,200 | 4.0119 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 | 4.0000 USD | American | 2025-Jul-18 | 0.3000 USD |
Common | Call Option | Buy Transaction | 1 | 6.0000 USD | American | 2026-Jan-16 | 0.3700 USD |
Common | Call Option | Buy Transaction | 10 | 3.0000 USD | American | 2025-Jul-18 | 1.2000 USD |
Common | Call Option | DVP Transaction | 40 | 5.0000 USD | American | 2025-Jul-18 | 0.0500 USD |
Common | Call Option | DVP Transaction | 10 | 6.0000 USD | American | 2025-Oct-17 | 0.1600 USD |
Common | Put Option | DVP Transaction | 5 | 4.0000 USD | American | 2025-Jul-18 | 0.2300 USD |
Common | Call Option | DVP Transaction | 7 | 6.0000 USD | American | 2026-Jan-16 | 0.3529 USD |
Common | Call Option | DVP Transaction | 2 | 6.0000 USD | American | 2026-Jan-16 | 0.3700 USD |
Common | Call Option | DVP Transaction | 6 | 6.0000 USD | American | 2026-Jan-16 | 0.3783 USD |
Common | Call Option | DVP Transaction | 38 | 6.0000 USD | American | 2026-Jan-16 | 0.3800 USD |
Common | Call Option | DVP Transaction | 1 | 7.0000 USD | American | 2026-Jul-17 | 0.4500 USD |
Common | Call Option | DVP Transaction | 2 | 5.0000 USD | American | 2026-Jan-16 | 0.5700 USD |
Common | Call Option | RVP Transaction | 40 | 5.0000 USD | American | 2025-Jul-18 | 0.0500 USD |
Common | Call Option | RVP Transaction | 10 | 6.0000 USD | American | 2025-Oct-17 | 0.1600 USD |
Common | Put Option | RVP Transaction | 5 | 4.0000 USD | American | 2025-Jul-18 | 0.2300 USD |
Common | Call Option | RVP Transaction | 6 | 6.0000 USD | American | 2026-Jan-16 | 0.3500 USD |
Common | Call Option | RVP Transaction | 2 | 6.0000 USD | American | 2026-Jan-16 | 0.3700 USD |
Common | Call Option | RVP Transaction | 7 | 6.0000 USD | American | 2026-Jan-16 | 0.3757 USD |
Common | Call Option | RVP Transaction | 38 | 6.0000 USD | American | 2026-Jan-16 | 0.3803 USD |
Common | Call Option | RVP Transaction | 1 | 7.0000 USD | American | 2026-Jul-17 | 0.4500 USD |
Common | Call Option | RVP Transaction | 2 | 5.0000 USD | American | 2026-Jan-16 | 0.5700 USD |
Common | Call Option | Sell Transaction | 67 | 5.0000 USD | American | 2025-Jul-18 | 0.0500 USD |
Common | Call Option | Sell Transaction | 10 | 6.0000 USD | American | 2025-Oct-17 | 0.1600 USD |
Common | Put Option | Sell Transaction | 2 | 4.0000 USD | American | 2025-Jul-18 | 0.2300 USD |
Common | Call Option | Sell Transaction | 5 | 5.0000 USD | American | 2025-Oct-17 | 0.3400 USD |
Common | Call Option | Sell Transaction | 1,597 | 6.0000 USD | American | 2026-Jan-16 | 0.3500 USD |
Common | Call Option | Sell Transaction | 17 | 6.0000 USD | American | 2026-Jan-16 | 0.3800 USD |
Common | Call Option | Sell Transaction | 10 | 3.0000 USD | American | 2025-Aug-15 | 1.1500 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: | 2 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 | -12,000 | 3.0 USD
| American
| 15/08/2025
|
Common | Put Option | Purchased | -300 | 5.0 USD
| American
| 17/10/2025
|
Common | Put Option | Purchased | -11,900 | 4.0 USD
| American
| 18/07/2025
|
Common | Put Option | Purchased | -13,100 | 3.0 USD
| American
| 16/01/2026
|
Common | Put Option | Purchased | -100 | 7.0 USD
| American
| 17/10/2025
|
Common | Call Option | Purchased | 300 | 15.0 USD
| American
| 16/01/2026
|
Common | Call Option | Purchased | 600,000 | 6.0 USD
| American
| 18/07/2025
|
Common | Call Option | Purchased | 14,100 | 4.0 USD
| American
| 17/10/2025
|
Common | Put Option | Purchased | -700 | 6.0 USD
| American
| 18/07/2025
|
Common | Call Option | Purchased | 2,000 | 3.0 USD
| American
| 18/07/2025
|
Common | Put Option | Purchased | -900 | 5.0 USD
| American
| 17/07/2026
|
Common | Put Option | Purchased | -200 | 7.0 USD
| American
| 15/08/2025
|
Common | Put Option | Purchased | -7,200 | 3.0 USD
| American
| 18/07/2025
|
Common | Put Option | Purchased | -201,600 | 4.0 USD
| American
| 16/01/2026
|
Common | Put Option | Purchased | -700 | 7.0 USD
| American
| 18/07/2025
|
Common | Put Option | Purchased | -300 | 4.0 USD
| American
| 15/08/2025
|
Common | Call Option | Purchased | 700 | 10.0 USD
| American
| 18/07/2025
|
Common | Call Option | Purchased | 2,600 | 10.0 USD
| American
| 16/01/2026
|
Common | Call Option | Purchased | 255,900 | 6.0 USD
| American
| 18/07/2025
|
Common | Put Option | Purchased | -200 | 6.0 USD
| American
| 16/01/2026
|
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 | Call Option | Sold | -500 | 4.0 USD
| American
| 16/01/2026
|
Common | Call Option | Sold | -1,400 | 3.0 USD
| American
| 16/01/2026
|
Common | Put Option | Sold | 100 | 5.0 USD
| American
| 18/07/2025
|
Common | Call Option | Sold | -161,600 | 6.0 USD
| American
| 16/01/2026
|
Common | Call Option | Sold | -200 | 7.0 USD
| American
| 18/07/2025
|
Common | Call Option | Sold | -2,500 | 4.0 USD
| American
| 17/07/2026
|
Common | Call Option | Sold | -300 | 3.0 USD
| American
| 17/07/2026
|
Common | Put Option | Sold | 3,100 | 3.0 USD
| American
| 17/10/2025
|
Common | Call Option | Sold | -800 | 6.0 USD
| American
| 17/10/2025
|
Common | Call Option | Sold | -800 | 12.0 USD
| American
| 16/01/2026
|
Common | Call Option | Sold | -117,800 | 7.0 USD
| American
| 16/01/2026
|
Common | Call Option | Sold | -98,900 | 5.0 USD
| American
| 17/10/2025
|
Common | Call Option | Sold | -650,400 | 5.0 USD
| American
| 18/07/2025
|
Common | Call Option | Sold | -100 | 2.0 USD
| American
| 17/07/2026
|
Common | Call Option | Sold | -36,000 | 5.0 USD
| American
| 17/07/2026
|
Common | Put Option | Sold | 91,500 | 5.0 USD
| American
| 16/01/2026
|
Common | Call Option | Sold | -1,000 | 3.0 USD
| American
| 15/08/2025
|
Common | Call Option | Sold | -1,100 | 7.0 USD
| American
| 17/07/2026
|
Common | Call Option | Sold | -2,400 | 10.0 USD
| American
| 17/07/2026
|
Common | Call Option | Sold | -29,400 | 8.0 USD
| American
| 18/07/2025
|
Common | Call Option | Sold | -2,000 | 3.0 USD
| American
| 17/10/2025
|
Common | Call Option | Sold | -9,500 | 4.0 USD
| American
| 18/07/2025
|
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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