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 | 18 February 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: | 1,172,348 | 0.99 | 1,033,051 | 0.87 |
| (2) Cash-settled derivatives:
| 0 | 0.00 | 0 | 0.00 |
| (3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 464,700 | 0.39 | 588,000 | 0.50 |
|
TOTAL: | 1,637,048 | 1.39 | 1,621,051 | 1.37 |
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 | 1 | 5.2300 USD |
| Common | Buy Transaction | 100 | 5.2400 USD |
| Common | Buy Transaction | 400 | 5.2525 USD |
| Common | Buy Transaction | 3,353 | 5.2587 USD |
| Common | Buy Transaction | 219 | 5.2700 USD |
| Common | Buy Transaction | 4,967 | 5.3115 USD |
| Common | Buy Transaction | 440 | 5.3427 USD |
| Common | Buy Transaction | 447 | 5.3555 USD |
| Common | Buy Transaction | 307 | 5.3600 USD |
| Common | Buy Transaction | 17 | 5.3624 USD |
| Common | Buy Transaction | 508 | 5.3639 USD |
| Common | Buy Transaction | 11 | 5.3773 USD |
| Common | Buy Transaction | 2,693 | 5.3846 USD |
| Common | Buy Transaction | 608 | 5.3996 USD |
| Common | Buy Transaction | 360 | 5.4000 USD |
| Common | Buy Transaction | 537 | 5.4007 USD |
| Common | Buy Transaction | 1,100 | 5.4009 USD |
| Common | Buy Transaction | 200 | 5.4100 USD |
| Common | Buy Transaction | 346 | 5.4141 USD |
| Common | Buy Transaction | 300 | 5.4283 USD |
| Common | Buy Transaction | 93 | 5.4295 USD |
| Common | Buy Transaction | 1,161 | 5.4321 USD |
| Common | Buy Transaction | 400 | 5.4375 USD |
| Common | Buy Transaction | 100 | 5.4450 USD |
| Common | Buy Transaction | 138 | 5.4857 USD |
| Common | Buy Transaction | 300 | 5.4900 USD |
| Common | Buy Transaction | 54 | 5.4905 USD |
| Common | Buy Transaction | 407 | 5.4954 USD |
| Common | Buy Transaction | 35,293 | 5.5006 USD |
| Common | Buy Transaction | 85 | 5.5100 USD |
| Common | Buy Transaction | 100 | 5.5200 USD |
| Common | Buy Transaction | 1,918 | 5.5264 USD |
| Common | Buy Transaction | 2,375 | 5.5267 USD |
| Common | Buy Transaction | 100 | 5.5300 USD |
| Common | Buy Transaction | 400 | 5.5450 USD |
| Common | Buy Transaction | 14 | 5.5471 USD |
| Common | Buy Transaction | 4,853 | 5.5507 USD |
| Common | Buy Transaction | 1,928 | 5.5612 USD |
| Common | Buy Transaction | 600 | 5.5667 USD |
| Common | Buy Transaction | 3 | 5.5833 USD |
| Common | Buy Transaction | 29,015 | 5.5854 USD |
| Common | Buy Transaction | 1,699 | 5.5958 USD |
| Common | Buy Transaction | 403 | 5.5978 USD |
| Common | Buy Transaction | 1,191 | 5.6069 USD |
| Common | Buy Transaction | 1,451 | 5.6199 USD |
| Common | Buy Transaction | 200 | 5.6200 USD |
| Common | Buy Transaction | 2,704 | 5.6205 USD |
| Common | Buy Transaction | 700 | 5.6229 USD |
| Common | Buy Transaction | 1,062 | 5.6234 USD |
| Common | Buy Transaction | 1,900 | 5.6347 USD |
| Common | Buy Transaction | 534 | 5.6419 USD |
| Common | Buy Transaction | 1,911 | 5.6437 USD |
| Common | Buy Transaction | 6,057 | 5.6481 USD |
| Common | Buy Transaction | 100 | 5.6600 USD |
| Common | Buy Transaction | 1,333 | 5.6609 USD |
| Common | Buy Transaction | 7,598 | 5.6640 USD |
| Common | Buy Transaction | 966 | 5.6644 USD |
| Common | Buy Transaction | 1,836 | 5.6655 USD |
| Common | Buy Transaction | 2,072 | 5.6675 USD |
| Common | Buy Transaction | 53,886 | 5.6678 USD |
| Common | Buy Transaction | 1,799 | 5.6698 USD |
| Common | Buy Transaction | 601 | 5.6707 USD |
| Common | Buy Transaction | 242 | 5.6731 USD |
| Common | Buy Transaction | 5,287 | 5.6748 USD |
| Common | Buy Transaction | 1,180 | 5.6751 USD |
| Common | Buy Transaction | 3,360 | 5.6764 USD |
| Common | Buy Transaction | 2,601 | 5.6791 USD |
| Common | Buy Transaction | 400 | 5.6800 USD |
| Common | Buy Transaction | 2,000 | 5.6807 USD |
| Common | Buy Transaction | 4,559 | 5.6842 USD |
| Common | Buy Transaction | 50,127 | 5.6844 USD |
| Common | Buy Transaction | 4,425 | 5.6859 USD |
| Common | Buy Transaction | 1,639 | 5.6870 USD |
| Common | Buy Transaction | 57,447 | 5.6886 USD |
| Common | Buy Transaction | 5,158 | 5.6902 USD |
| Common | Buy Transaction | 554 | 5.6907 USD |
| Common | Buy Transaction | 7 | 5.6929 USD |
| Common | Buy Transaction | 164 | 5.6934 USD |
| Common | Buy Transaction | 1,429 | 5.6949 USD |
| Common | Buy Transaction | 2,100 | 5.6962 USD |
| Common | Buy Transaction | 4,334 | 5.6977 USD |
| Common | Buy Transaction | 900 | 5.7000 USD |
| Common | Buy Transaction | 2,100 | 5.7071 USD |
| Common | Buy Transaction | 15,198 | 5.7074 USD |
| Common | Buy Transaction | 4 | 5.7075 USD |
| Common | Buy Transaction | 636 | 5.7093 USD |
| Common | Buy Transaction | 496 | 5.7105 USD |
| Common | Buy Transaction | 1,700 | 5.7118 USD |
| Common | Buy Transaction | 8,425 | 5.7132 USD |
| Common | Buy Transaction | 16,863 | 5.7132 USD |
| Common | Buy Transaction | 173 | 5.7136 USD |
| Common | Buy Transaction | 789 | 5.7185 USD |
| Common | Buy Transaction | 6 | 5.7200 USD |
| Common | Buy Transaction | 600 | 5.7217 USD |
| Common | Buy Transaction | 1,248 | 5.7217 USD |
| Common | Buy Transaction | 981 | 5.7248 USD |
| Common | Buy Transaction | 4,899 | 5.7254 USD |
| Common | Buy Transaction | 6,332 | 5.7256 USD |
| Common | Buy Transaction | 367 | 5.7293 USD |
| Common | Buy Transaction | 515 | 5.7326 USD |
| Common | Buy Transaction | 124 | 5.7345 USD |
| Common | Buy Transaction | 114 | 5.7350 USD |
| Common | Buy Transaction | 1,171 | 5.7355 USD |
| Common | Buy Transaction | 2,643 | 5.7363 USD |
| Common | Buy Transaction | 13,721 | 5.7367 USD |
| Common | Buy Transaction | 10,945 | 5.7381 USD |
| Common | Buy Transaction | 905 | 5.7400 USD |
| Common | Buy Transaction | 11,645 | 5.7402 USD |
| Common | Buy Transaction | 1,677 | 5.7405 USD |
| Common | Buy Transaction | 85 | 5.7415 USD |
| Common | Buy Transaction | 300 | 5.7433 USD |
| Common | Buy Transaction | 222 | 5.7436 USD |
| Common | Buy Transaction | 3,019 | 5.7471 USD |
| Common | Buy Transaction | 9,227 | 5.7476 USD |
| Common | Buy Transaction | 56 | 5.7486 USD |
| Common | Buy Transaction | 3,921 | 5.7500 USD |
| Common | Buy Transaction | 2,213 | 5.7501 USD |
| Common | Buy Transaction | 211 | 5.7510 USD |
| Common | Buy Transaction | 50 | 5.7514 USD |
| Common | Buy Transaction | 405 | 5.7517 USD |
| Common | Buy Transaction | 500 | 5.7530 USD |
| Common | Buy Transaction | 162 | 5.7532 USD |
| Common | Buy Transaction | 300 | 5.7533 USD |
| Common | Buy Transaction | 1,536 | 5.7536 USD |
| Common | Buy Transaction | 700 | 5.7550 USD |
| Common | Buy Transaction | 357 | 5.7600 USD |
| Common | Buy Transaction | 2,442 | 5.7600 USD |
| Common | Buy Transaction | 1,633 | 5.7612 USD |
| Common | Buy Transaction | 268 | 5.7649 USD |
| Common | Buy Transaction | 6,060 | 5.7651 USD |
| Common | Buy Transaction | 369 | 5.7662 USD |
| Common | Buy Transaction | 5,374 | 5.7663 USD |
| Common | Buy Transaction | 500 | 5.7670 USD |
| Common | Buy Transaction | 4,302 | 5.7700 USD |
| Common | Buy Transaction | 530 | 5.7706 USD |
| Common | Buy Transaction | 400 | 5.7713 USD |
| Common | Buy Transaction | 6,291 | 5.7729 USD |
| Common | Buy Transaction | 5,886 | 5.7745 USD |
| Common | Buy Transaction | 296 | 5.7745 USD |
| Common | Buy Transaction | 255 | 5.7750 USD |
| Common | Buy Transaction | 73 | 5.7755 USD |
| Common | Buy Transaction | 450 | 5.7762 USD |
| Common | Buy Transaction | 5,013 | 5.7763 USD |
| Common | Buy Transaction | 1,817 | 5.7779 USD |
| Common | Buy Transaction | 33 | 5.7785 USD |
| Common | Buy Transaction | 183 | 5.7785 USD |
| Common | Buy Transaction | 2,630 | 5.7793 USD |
| Common | Buy Transaction | 144,908 | 5.7800 USD |
| Common | Buy Transaction | 16 | 5.7806 USD |
| Common | Buy Transaction | 4,370 | 5.7811 USD |
| Common | Buy Transaction | 32,316 | 5.7816 USD |
| Common | Buy Transaction | 11,637 | 5.7824 USD |
| Common | Buy Transaction | 491 | 5.7825 USD |
| Common | Buy Transaction | 175 | 5.7831 USD |
| Common | Buy Transaction | 5,301 | 5.7838 USD |
| Common | Buy Transaction | 9 | 5.7839 USD |
| Common | Buy Transaction | 61 | 5.7844 USD |
| Common | Buy Transaction | 1,250 | 5.7860 USD |
| Common | Buy Transaction | 300 | 5.7883 USD |
| Common | Buy Transaction | 88 | 5.7892 USD |
| Common | Buy Transaction | 746 | 5.7893 USD |
| Common | Buy Transaction | 4,030 | 5.7904 USD |
| Common | Buy Transaction | 71 | 5.7914 USD |
| Common | Buy Transaction | 1,061 | 5.7915 USD |
| Common | Buy Transaction | 498 | 5.7915 USD |
| Common | Buy Transaction | 21,479 | 5.7917 USD |
| Common | Buy Transaction | 400 | 5.7925 USD |
| Common | Buy Transaction | 43 | 5.7935 USD |
| Common | Buy Transaction | 1,089 | 5.7938 USD |
| Common | Buy Transaction | 200 | 5.7950 USD |
| Common | Buy Transaction | 1,987 | 5.7966 USD |
| Common | Buy Transaction | 696 | 5.7969 USD |
| Common | Buy Transaction | 227 | 5.7985 USD |
| Common | Buy Transaction | 15 | 5.8000 USD |
| Common | Buy Transaction | 318 | 5.8017 USD |
| Common | Buy Transaction | 70 | 5.8036 USD |
| Common | Buy Transaction | 225 | 5.8075 USD |
| Common | Buy Transaction | 60 | 5.8075 USD |
| Common | Buy Transaction | 300 | 5.8083 USD |
| Common | Buy Transaction | 433 | 5.8090 USD |
| Common | Buy Transaction | 608 | 5.8100 USD |
| Common | Buy Transaction | 23,437 | 5.8117 USD |
| Common | Buy Transaction | 224 | 5.8123 USD |
| Common | Buy Transaction | 240 | 5.8200 USD |
| Common | Buy Transaction | 1,400 | 5.8239 USD |
| Common | Buy Transaction | 163 | 5.8250 USD |
| Common | Buy Transaction | 1,034 | 5.8300 USD |
| Common | Buy Transaction | 46 | 5.8339 USD |
| Common | Buy Transaction | 2 | 5.8350 USD |
| Common | Buy Transaction | 13,700 | 5.8400 USD |
| Common | Buy Transaction | 400 | 5.8500 USD |
| Common | Buy Transaction | 263 | 5.8619 USD |
| Common | DVP Transaction | 1 | 5.1400 USD |
| Common | DVP Transaction | 10 | 5.1490 USD |
| Common | DVP Transaction | 1 | 5.1500 USD |
| Common | DVP Transaction | 1,470 | 5.2900 USD |
| Common | DVP Transaction | 200 | 5.3600 USD |
| Common | DVP Transaction | 1,200 | 5.3846 USD |
| Common | DVP Transaction | 201 | 5.4000 USD |
| Common | DVP Transaction | 847 | 5.4040 USD |
| Common | DVP Transaction | 5,526 | 5.4128 USD |
| Common | DVP Transaction | 157 | 5.4145 USD |
| Common | DVP Transaction | 985 | 5.4984 USD |
| Common | DVP Transaction | 421 | 5.5228 USD |
| Common | DVP Transaction | 150 | 5.5300 USD |
| Common | DVP Transaction | 200 | 5.5625 USD |
| Common | DVP Transaction | 300 | 5.6100 USD |
| Common | DVP Transaction | 300 | 5.6250 USD |
| Common | DVP Transaction | 2,200 | 5.7036 USD |
| Common | DVP Transaction | 1,538 | 5.7242 USD |
| Common | DVP Transaction | 1,269 | 5.7287 USD |
| Common | DVP Transaction | 200 | 5.7325 USD |
| Common | DVP Transaction | 62 | 5.7350 USD |
| Common | DVP Transaction | 3,532 | 5.7354 USD |
| Common | DVP Transaction | 414 | 5.7400 USD |
| Common | DVP Transaction | 100 | 5.7450 USD |
| Common | DVP Transaction | 126 | 5.7571 USD |
| Common | DVP Transaction | 6,634 | 5.7579 USD |
| Common | DVP Transaction | 834 | 5.7626 USD |
| Common | DVP Transaction | 8,740 | 5.7635 USD |
| Common | DVP Transaction | 100 | 5.7650 USD |
| Common | DVP Transaction | 2 | 5.7700 USD |
| Common | DVP Transaction | 116,308 | 5.7800 USD |
| Common | DVP Transaction | 206 | 5.8191 USD |
| Common | DVP Transaction | 53 | 5.8700 USD |
| Common | RVP Transaction | 1 | 5.1400 USD |
| Common | RVP Transaction | 10 | 5.1490 USD |
| Common | RVP Transaction | 1 | 5.1500 USD |
| Common | RVP Transaction | 1,394 | 5.2900 USD |
| Common | RVP Transaction | 2,991 | 5.3552 USD |
| Common | RVP Transaction | 6,341 | 5.4253 USD |
| Common | RVP Transaction | 451 | 5.4432 USD |
| Common | RVP Transaction | 25 | 5.4480 USD |
| Common | RVP Transaction | 81 | 5.5000 USD |
| Common | RVP Transaction | 651 | 5.5422 USD |
| Common | RVP Transaction | 73 | 5.5600 USD |
| Common | RVP Transaction | 111 | 5.6427 USD |
| Common | RVP Transaction | 25,806 | 5.7581 USD |
| Common | RVP Transaction | 1 | 5.7700 USD |
| Common | RVP Transaction | 116,144 | 5.7800 USD |
| Common | RVP Transaction | 206 | 5.8191 USD |
| Common | Sell Transaction | 100 | 5.2500 USD |
| Common | Sell Transaction | 200 | 5.2600 USD |
| Common | Sell Transaction | 1,847 | 5.2605 USD |
| Common | Sell Transaction | 400 | 5.2610 USD |
| Common | Sell Transaction | 400 | 5.2800 USD |
| Common | Sell Transaction | 320 | 5.3319 USD |
| Common | Sell Transaction | 10 | 5.3400 USD |
| Common | Sell Transaction | 300 | 5.3583 USD |
| Common | Sell Transaction | 22 | 5.3700 USD |
| Common | Sell Transaction | 870 | 5.3746 USD |
| Common | Sell Transaction | 300 | 5.3817 USD |
| Common | Sell Transaction | 1,558 | 5.3833 USD |
| Common | Sell Transaction | 7,118 | 5.3845 USD |
| Common | Sell Transaction | 18,988 | 5.3845 USD |
| Common | Sell Transaction | 47,469 | 5.3845 USD |
| Common | Sell Transaction | 1,425 | 5.3847 USD |
| Common | Sell Transaction | 900 | 5.3850 USD |
| Common | Sell Transaction | 552 | 5.4000 USD |
| Common | Sell Transaction | 960 | 5.4075 USD |
| Common | Sell Transaction | 35 | 5.4200 USD |
| Common | Sell Transaction | 100 | 5.4650 USD |
| Common | Sell Transaction | 1,196 | 5.4654 USD |
| Common | Sell Transaction | 14,874 | 5.4908 USD |
| Common | Sell Transaction | 5,950 | 5.4908 USD |
| Common | Sell Transaction | 2,229 | 5.4908 USD |
| Common | Sell Transaction | 447 | 5.4908 USD |
| Common | Sell Transaction | 38 | 5.5100 USD |
| Common | Sell Transaction | 11 | 5.5300 USD |
| Common | Sell Transaction | 102 | 5.5302 USD |
| Common | Sell Transaction | 298 | 5.5328 USD |
| Common | Sell Transaction | 7,495 | 5.5328 USD |
| Common | Sell Transaction | 1,000 | 5.5378 USD |
| Common | Sell Transaction | 4,751 | 5.5403 USD |
| Common | Sell Transaction | 500 | 5.5620 USD |
| Common | Sell Transaction | 600 | 5.5667 USD |
| Common | Sell Transaction | 11,764 | 5.5675 USD |
| Common | Sell Transaction | 2,891 | 5.5892 USD |
| Common | Sell Transaction | 1,271 | 5.5892 USD |
| Common | Sell Transaction | 3,183 | 5.5893 USD |
| Common | Sell Transaction | 129 | 5.5922 USD |
| Common | Sell Transaction | 1,200 | 5.5975 USD |
| Common | Sell Transaction | 10,931 | 5.6003 USD |
| Common | Sell Transaction | 300 | 5.6033 USD |
| Common | Sell Transaction | 2,516 | 5.6124 USD |
| Common | Sell Transaction | 3,923 | 5.6150 USD |
| Common | Sell Transaction | 820 | 5.6197 USD |
| Common | Sell Transaction | 584 | 5.6234 USD |
| Common | Sell Transaction | 110 | 5.6250 USD |
| Common | Sell Transaction | 17,332 | 5.6272 USD |
| Common | Sell Transaction | 3,424 | 5.6411 USD |
| Common | Sell Transaction | 3,752 | 5.6436 USD |
| Common | Sell Transaction | 2,900 | 5.6455 USD |
| Common | Sell Transaction | 4,719 | 5.6460 USD |
| Common | Sell Transaction | 616 | 5.6465 USD |
| Common | Sell Transaction | 7,213 | 5.6495 USD |
| Common | Sell Transaction | 2,198 | 5.6552 USD |
| Common | Sell Transaction | 1,046 | 5.6574 USD |
| Common | Sell Transaction | 10,667 | 5.6626 USD |
| Common | Sell Transaction | 1,756 | 5.6631 USD |
| Common | Sell Transaction | 1,600 | 5.6644 USD |
| Common | Sell Transaction | 3,281 | 5.6647 USD |
| Common | Sell Transaction | 2,051 | 5.6749 USD |
| Common | Sell Transaction | 80 | 5.6781 USD |
| Common | Sell Transaction | 1,608 | 5.6783 USD |
| Common | Sell Transaction | 241 | 5.6795 USD |
| Common | Sell Transaction | 1,610 | 5.6796 USD |
| Common | Sell Transaction | 2,381 | 5.6802 USD |
| Common | Sell Transaction | 4,483 | 5.6821 USD |
| Common | Sell Transaction | 2,295 | 5.6824 USD |
| Common | Sell Transaction | 900 | 5.6844 USD |
| Common | Sell Transaction | 3,834 | 5.6848 USD |
| Common | Sell Transaction | 962 | 5.6867 USD |
| Common | Sell Transaction | 2,837 | 5.6881 USD |
| Common | Sell Transaction | 155 | 5.6900 USD |
| Common | Sell Transaction | 7,595 | 5.6921 USD |
| Common | Sell Transaction | 377 | 5.6946 USD |
| Common | Sell Transaction | 500 | 5.6950 USD |
| Common | Sell Transaction | 12,099 | 5.6956 USD |
| Common | Sell Transaction | 4,747 | 5.6998 USD |
| Common | Sell Transaction | 500 | 5.7000 USD |
| Common | Sell Transaction | 502 | 5.7013 USD |
| Common | Sell Transaction | 2,794 | 5.7018 USD |
| Common | Sell Transaction | 860 | 5.7055 USD |
| Common | Sell Transaction | 5,941 | 5.7132 USD |
| Common | Sell Transaction | 18 | 5.7133 USD |
| Common | Sell Transaction | 570 | 5.7142 USD |
| Common | Sell Transaction | 549 | 5.7144 USD |
| Common | Sell Transaction | 20 | 5.7150 USD |
| Common | Sell Transaction | 477 | 5.7196 USD |
| Common | Sell Transaction | 42 | 5.7200 USD |
| Common | Sell Transaction | 2,410 | 5.7201 USD |
| Common | Sell Transaction | 1,284 | 5.7214 USD |
| Common | Sell Transaction | 1,000 | 5.7250 USD |
| Common | Sell Transaction | 4,656 | 5.7257 USD |
| Common | Sell Transaction | 2,797 | 5.7272 USD |
| Common | Sell Transaction | 600 | 5.7283 USD |
| Common | Sell Transaction | 367 | 5.7293 USD |
| Common | Sell Transaction | 5,274 | 5.7310 USD |
| Common | Sell Transaction | 532 | 5.7317 USD |
| Common | Sell Transaction | 600 | 5.7317 USD |
| Common | Sell Transaction | 1,250 | 5.7328 USD |
| Common | Sell Transaction | 2 | 5.7350 USD |
| Common | Sell Transaction | 5,528 | 5.7353 USD |
| Common | Sell Transaction | 1,868 | 5.7365 USD |
| Common | Sell Transaction | 4,743 | 5.7372 USD |
| Common | Sell Transaction | 637 | 5.7374 USD |
| Common | Sell Transaction | 600 | 5.7383 USD |
| Common | Sell Transaction | 101 | 5.7400 USD |
| Common | Sell Transaction | 479 | 5.7450 USD |
| Common | Sell Transaction | 376 | 5.7475 USD |
| Common | Sell Transaction | 24,083 | 5.7480 USD |
| Common | Sell Transaction | 959 | 5.7482 USD |
| Common | Sell Transaction | 7,685 | 5.7494 USD |
| Common | Sell Transaction | 2,054 | 5.7497 USD |
| Common | Sell Transaction | 580 | 5.7500 USD |
| Common | Sell Transaction | 4,757 | 5.7530 USD |
| Common | Sell Transaction | 300 | 5.7533 USD |
| Common | Sell Transaction | 500 | 5.7540 USD |
| Common | Sell Transaction | 700 | 5.7550 USD |
| Common | Sell Transaction | 117 | 5.7592 USD |
| Common | Sell Transaction | 287 | 5.7593 USD |
| Common | Sell Transaction | 17 | 5.7594 USD |
| Common | Sell Transaction | 1,700 | 5.7599 USD |
| Common | Sell Transaction | 1,412 | 5.7600 USD |
| Common | Sell Transaction | 499 | 5.7600 USD |
| Common | Sell Transaction | 8,431 | 5.7604 USD |
| Common | Sell Transaction | 13,377 | 5.7612 USD |
| Common | Sell Transaction | 1,502 | 5.7622 USD |
| Common | Sell Transaction | 45,271 | 5.7624 USD |
| Common | Sell Transaction | 6,063 | 5.7651 USD |
| Common | Sell Transaction | 3,300 | 5.7656 USD |
| Common | Sell Transaction | 3,254 | 5.7656 USD |
| Common | Sell Transaction | 4,606 | 5.7659 USD |
| Common | Sell Transaction | 493 | 5.7681 USD |
| Common | Sell Transaction | 10,104 | 5.7690 USD |
| Common | Sell Transaction | 270 | 5.7693 USD |
| Common | Sell Transaction | 6,681 | 5.7693 USD |
| Common | Sell Transaction | 5,029 | 5.7695 USD |
| Common | Sell Transaction | 900 | 5.7700 USD |
| Common | Sell Transaction | 448 | 5.7723 USD |
| Common | Sell Transaction | 2,028 | 5.7729 USD |
| Common | Sell Transaction | 6,013 | 5.7740 USD |
| Common | Sell Transaction | 3,532 | 5.7741 USD |
| Common | Sell Transaction | 1,513 | 5.7741 USD |
| Common | Sell Transaction | 3,311 | 5.7745 USD |
| Common | Sell Transaction | 1,812 | 5.7750 USD |
| Common | Sell Transaction | 2,336 | 5.7768 USD |
| Common | Sell Transaction | 3,279 | 5.7771 USD |
| Common | Sell Transaction | 2,065 | 5.7776 USD |
| Common | Sell Transaction | 1,002 | 5.7790 USD |
| Common | Sell Transaction | 54 | 5.7793 USD |
| Common | Sell Transaction | 145,658 | 5.7800 USD |
| Common | Sell Transaction | 1,063 | 5.7805 USD |
| Common | Sell Transaction | 13,030 | 5.7806 USD |
| Common | Sell Transaction | 2,004 | 5.7826 USD |
| Common | Sell Transaction | 34,182 | 5.7827 USD |
| Common | Sell Transaction | 1,600 | 5.7831 USD |
| Common | Sell Transaction | 140 | 5.7836 USD |
| Common | Sell Transaction | 200 | 5.7850 USD |
| Common | Sell Transaction | 175 | 5.7857 USD |
| Common | Sell Transaction | 19,822 | 5.7860 USD |
| Common | Sell Transaction | 3,105 | 5.7869 USD |
| Common | Sell Transaction | 1,180 | 5.7880 USD |
| Common | Sell Transaction | 1,214 | 5.7889 USD |
| Common | Sell Transaction | 5,309 | 5.7889 USD |
| Common | Sell Transaction | 438 | 5.7890 USD |
| Common | Sell Transaction | 23,513 | 5.7890 USD |
| Common | Sell Transaction | 32 | 5.7891 USD |
| Common | Sell Transaction | 1,632 | 5.7895 USD |
| Common | Sell Transaction | 46,770 | 5.7900 USD |
| Common | Sell Transaction | 19,056 | 5.7909 USD |
| Common | Sell Transaction | 5,898 | 5.7931 USD |
| Common | Sell Transaction | 300 | 5.7933 USD |
| Common | Sell Transaction | 481 | 5.7946 USD |
| Common | Sell Transaction | 158 | 5.7973 USD |
| Common | Sell Transaction | 9,134 | 5.7982 USD |
| Common | Sell Transaction | 308 | 5.7991 USD |
| Common | Sell Transaction | 24 | 5.7996 USD |
| Common | Sell Transaction | 2,299 | 5.8000 USD |
| Common | Sell Transaction | 1,900 | 5.8011 USD |
| Common | Sell Transaction | 945 | 5.8023 USD |
| Common | Sell Transaction | 1,234 | 5.8030 USD |
| Common | Sell Transaction | 50,540 | 5.8037 USD |
| Common | Sell Transaction | 2,030 | 5.8054 USD |
| Common | Sell Transaction | 2,639 | 5.8064 USD |
| Common | Sell Transaction | 553 | 5.8070 USD |
| Common | Sell Transaction | 2,541 | 5.8079 USD |
| Common | Sell Transaction | 4 | 5.8100 USD |
| Common | Sell Transaction | 2,000 | 5.8107 USD |
| Common | Sell Transaction | 868 | 5.8115 USD |
| Common | Sell Transaction | 2,339 | 5.8139 USD |
| Common | Sell Transaction | 3,297 | 5.8141 USD |
| Common | Sell Transaction | 223 | 5.8174 USD |
| Common | Sell Transaction | 709 | 5.8176 USD |
| Common | Sell Transaction | 122 | 5.8178 USD |
| Common | Sell Transaction | 1,109 | 5.8200 USD |
| Common | Sell Transaction | 200 | 5.8250 USD |
| Common | Sell Transaction | 8,432 | 5.8292 USD |
| Common | Sell Transaction | 182 | 5.8300 USD |
| Common | Sell Transaction | 1,300 | 5.8454 USD |
| Common | Sell Transaction | 164 | 5.8590 USD |
| Common | Sell Transaction | 100 | 5.8650 USD |
| Common | Sell Transaction | 86 | 5.8692 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 |
(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 | 7.0000 USD | American | 2025-Apr-17 | 0.0500 USD |
| Common | Call Option | Buy Transaction | 80 | 6.0000 USD | American | 2025-Feb-21 | 0.0500 USD |
| Common | Call Option | Buy Transaction | 8 | 7.0000 USD | American | 2025-Mar-21 | 0.0500 USD |
| Common | Put Option | Buy Transaction | 4 | 5.0000 USD | American | 2025-Mar-21 | 0.0500 USD |
| Common | Call Option | Buy Transaction | 1 | 6.0000 USD | American | 2025-Feb-21 | 0.0700 USD |
| Common | Call Option | Buy Transaction | 1 | 15.0000 USD | American | 2026-Jan-16 | 0.1000 USD |
| Common | Call Option | Buy Transaction | 1 | 6.0000 USD | American | 2025-Mar-21 | 0.2000 USD |
| Common | Call Option | Buy Transaction | 1 | 6.0000 USD | American | 2025-Apr-17 | 0.2100 USD |
| Common | Call Option | Buy Transaction | 14 | 6.0000 USD | American | 2025-Mar-21 | 0.2100 USD |
| Common | Call Option | Buy Transaction | 1 | 6.0000 USD | American | 2025-Mar-21 | 0.2200 USD |
| Common | Call Option | Buy Transaction | 49 | 6.0000 USD | American | 2025-Mar-21 | 0.2400 USD |
| Common | Put Option | Buy Transaction | 1 | 5.0000 USD | American | 2025-Jul-18 | 0.2500 USD |
| Common | Call Option | Buy Transaction | 42 | 6.0000 USD | American | 2025-Mar-21 | 0.2500 USD |
| Common | Call Option | Buy Transaction | 1 | 6.0000 USD | American | 2025-Jul-18 | 0.3500 USD |
| Common | Put Option | Buy Transaction | 2 | 6.0000 USD | American | 2025-Feb-21 | 0.5500 USD |
| Common | Call Option | Buy Transaction | 17 | 7.0000 USD | American | 2026-Jan-16 | 0.6500 USD |
| Common | Call Option | Buy Transaction | 1 | 5.0000 USD | American | 2025-Feb-21 | 0.6500 USD |
| Common | Call Option | Buy Transaction | 4 | 7.0000 USD | American | 2026-Jan-16 | 0.7000 USD |
| Common | Call Option | Buy Transaction | 2 | 5.0000 USD | American | 2025-Feb-21 | 0.7000 USD |
| Common | Call Option | Buy Transaction | 4 | 5.0000 USD | American | 2025-Feb-21 | 0.7400 USD |
| Common | Call Option | Buy Transaction | 5 | 5.0000 USD | American | 2025-Feb-21 | 0.7500 USD |
| Common | Call Option | Buy Transaction | 1 | 5.0000 USD | American | 2025-Feb-21 | 0.7600 USD |
| Common | Call Option | Buy Transaction | 9 | 5.0000 USD | American | 2025-Feb-21 | 0.7800 USD |
| Common | Call Option | Buy Transaction | 1 | 5.0000 USD | American | 2025-Apr-17 | 0.9000 USD |
| Common | Call Option | Sell Transaction | 2 | 7.0000 USD | American | 2025-Jun-20 | 0.2000 USD |
| Common | Call Option | Sell Transaction | 14 | 6.0000 USD | American | 2025-Mar-21 | 0.2500 USD |
| Common | Put Option | Sell Transaction | 10 | 5.0000 USD | American | 2025-Jul-18 | 0.3100 USD |
| Common | Call Option | Sell Transaction | 2 | 5.0000 USD | American | 2025-Mar-21 | 0.4500 USD |
| Common | Put Option | Sell Transaction | 1 | 6.0000 USD | American | 2025-Mar-21 | 0.4700 USD |
| Common | Call Option | Sell Transaction | 1 | 5.0000 USD | American | 2025-Apr-17 | 0.9500 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: | 19 February 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 | 10.0 USD
| American
| 17/04/2025
|
| Common | Call Option | Purchased | 100 | 6.0 USD
| American
| 20/06/2025
|
| Common | Call Option | Purchased | 246,200 | 6.0 USD
| American
| 18/07/2025
|
| Common | Put Option | Purchased | -1,200 | 6.0 USD
| American
| 21/02/2025
|
| Common | Call Option | Purchased | 700 | 10.0 USD
| American
| 18/07/2025
|
| Common | Call Option | Purchased | 100 | 4.0 USD
| American
| 21/03/2025
|
| Common | Call Option | Purchased | 11,100 | 6.0 USD
| American
| 21/02/2025
|
| Common | Put Option | Purchased | -3,900 | 4.0 USD
| American
| 17/04/2025
|
| Common | Put Option | Purchased | -8,400 | 5.0 USD
| American
| 16/01/2026
|
| Common | Put Option | Purchased | -7,500 | 5.0 USD
| American
| 21/02/2025
|
| Common | Call Option | Purchased | 400 | 5.0 USD
| American
| 21/03/2025
|
| Common | Put Option | Purchased | -4,000 | 4.0 USD
| American
| 20/06/2025
|
| Common | Put Option | Purchased | -200 | 5.0 USD
| American
| 18/07/2025
|
| Common | Put Option | Purchased | -5,400 | 4.0 USD
| American
| 18/07/2025
|
| Common | Put Option | Purchased | -800 | 5.0 USD
| American
| 20/06/2025
|
| Common | Call Option | Purchased | 2,500 | 10.0 USD
| American
| 16/01/2026
|
| Common | Call Option | Purchased | 3,300 | 5.0 USD
| American
| 21/02/2025
|
| Common | Call Option | Purchased | 1,300 | 6.0 USD
| American
| 17/04/2025
|
| Common | Put Option | Purchased | -200 | 8.0 USD
| American
| 21/02/2025
|
| Common | Put Option | Purchased | -5,400 | 5.0 USD
| American
| 21/03/2025
|
| Common | Call Option | Purchased | 300 | 8.0 USD
| American
| 20/06/2025
|
| Common | Call Option | Purchased | 2,300 | 7.0 USD
| American
| 20/06/2025
|
| Common | Call Option | Purchased | 500 | 4.0 USD
| American
| 21/02/2025
|
| Common | Put Option | Purchased | -800 | 7.0 USD
| American
| 18/07/2025
|
| Common | Call Option | Purchased | 900 | 5.0 USD
| American
| 16/01/2026
|
| Common | Put Option | Purchased | -104,200 | 6.0 USD
| American
| 20/06/2025
|
| Common | Put Option | Purchased | -200 | 10.0 USD
| American
| 21/02/2025
|
| Common | Put Option | Purchased | -100 | 7.0 USD
| American
| 21/02/2025
|
| Common | Put Option | Purchased | -4,000 | 3.0 USD
| American
| 16/01/2026
|
| Common | Put Option | Purchased | -100,000 | 7.0 USD
| American
| 20/06/2025
|
| Common | Call Option | Sold | -14,700 | 7.0 USD
| American
| 17/04/2025
|
| Common | Call Option | Sold | -1,900 | 9.0 USD
| American
| 17/04/2025
|
| Common | Call Option | Sold | -29,400 | 8.0 USD
| American
| 18/07/2025
|
| Common | Put Option | Sold | 200 | 7.0 USD
| American
| 17/04/2025
|
| Common | Put Option | Sold | 7,600 | 6.0 USD
| American
| 17/04/2025
|
| Common | Put Option | Sold | 99,900 | 8.0 USD
| American
| 20/06/2025
|
| Common | Put Option | Sold | 100 | 4.0 USD
| American
| 21/03/2025
|
| Common | Call Option | Sold | -1,600 | 5.0 USD
| American
| 20/06/2025
|
| Common | Call Option | Sold | -116,600 | 7.0 USD
| American
| 16/01/2026
|
| Common | Call Option | Sold | -2,000 | 7.0 USD
| American
| 21/02/2025
|
| Common | Call Option | Sold | -6,700 | 7.0 USD
| American
| 21/03/2025
|
| Common | Call Option | Sold | -500 | 4.0 USD
| American
| 16/01/2026
|
| Common | Call Option | Sold | -1,000 | 3.0 USD
| American
| 16/01/2026
|
| Common | Call Option | Sold | -800 | 12.0 USD
| American
| 16/01/2026
|
| Common | Put Option | Sold | 75,400 | 7.0 USD
| American
| 16/01/2026
|
| Common | Call Option | Sold | -100 | 15.0 USD
| American
| 16/01/2026
|
| Common | Call Option | Sold | -500 | 10.0 USD
| American
| 17/07/2026
|
| Common | Call Option | Sold | -4,700 | 6.0 USD
| American
| 21/03/2025
|
| Common | Call Option | Sold | -100,700 | 5.0 USD
| American
| 18/07/2025
|
| Common | Call Option | Sold | -2,700 | 4.0 USD
| American
| 17/04/2025
|
| Common | Call Option | Sold | -500 | 3.0 USD
| American
| 17/07/2026
|
| Common | Put Option | Sold | 9,200 | 5.0 USD
| American
| 17/04/2025
|
| Common | Put Option | Sold | 900 | 6.0 USD
| American
| 18/07/2025
|
| Common | Put Option | Sold | 100 | 6.0 USD
| American
| 21/03/2025
|
| Common | Call Option | Sold | -31,700 | 5.0 USD
| American
| 17/07/2026
|
| Common | Call Option | Sold | -8,600 | 8.0 USD
| American
| 17/04/2025
|
| Common | Call Option | Sold | -2,500 | 4.0 USD
| American
| 17/07/2026
|
| Common | Call Option | Sold | -13,900 | 5.0 USD
| American
| 17/04/2025
|
| Common | Call Option | Sold | -400 | 4.0 USD
| American
| 20/06/2025
|
| Common | Put Option | Sold | 1,000 | 4.0 USD
| American
| 21/02/2025
|
| Common | Call Option | Sold | -200 | 7.0 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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