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 | 19 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: | 1,159,753 | 0.98 | 928,518 | 0.78 |
| (2) Cash-settled derivatives:
| 0 | 0.00 | 0 | 0.00 |
| (3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 465,300 | 0.39 | 588,200 | 0.50 |
|
TOTAL: | 1,625,053 | 1.38 | 1,516,718 | 1.28 |
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 | 5.6800 USD |
| Common | Buy Transaction | 116 | 5.7266 USD |
| Common | Buy Transaction | 318 | 5.7294 USD |
| Common | Buy Transaction | 1,415 | 5.7346 USD |
| Common | Buy Transaction | 10 | 5.7400 USD |
| Common | Buy Transaction | 2 | 5.7500 USD |
| Common | Buy Transaction | 387 | 5.7600 USD |
| Common | Buy Transaction | 29 | 5.7700 USD |
| Common | Buy Transaction | 2 | 5.7750 USD |
| Common | Buy Transaction | 505 | 5.7800 USD |
| Common | Buy Transaction | 572 | 5.7815 USD |
| Common | Buy Transaction | 3,440 | 5.7872 USD |
| Common | Buy Transaction | 104 | 5.7900 USD |
| Common | Buy Transaction | 284 | 5.7920 USD |
| Common | Buy Transaction | 900 | 5.7933 USD |
| Common | Buy Transaction | 899 | 5.7956 USD |
| Common | Buy Transaction | 500 | 5.7960 USD |
| Common | Buy Transaction | 3 | 5.8000 USD |
| Common | Buy Transaction | 586 | 5.8007 USD |
| Common | Buy Transaction | 1,510 | 5.8028 USD |
| Common | Buy Transaction | 140 | 5.8050 USD |
| Common | Buy Transaction | 107 | 5.8050 USD |
| Common | Buy Transaction | 885 | 5.8051 USD |
| Common | Buy Transaction | 27 | 5.8052 USD |
| Common | Buy Transaction | 25 | 5.8052 USD |
| Common | Buy Transaction | 122 | 5.8055 USD |
| Common | Buy Transaction | 426 | 5.8064 USD |
| Common | Buy Transaction | 790 | 5.8066 USD |
| Common | Buy Transaction | 2,273 | 5.8067 USD |
| Common | Buy Transaction | 2,504 | 5.8073 USD |
| Common | Buy Transaction | 2,131 | 5.8074 USD |
| Common | Buy Transaction | 1,738 | 5.8100 USD |
| Common | Buy Transaction | 101 | 5.8102 USD |
| Common | Buy Transaction | 8,538 | 5.8105 USD |
| Common | Buy Transaction | 174 | 5.8106 USD |
| Common | Buy Transaction | 16,997 | 5.8110 USD |
| Common | Buy Transaction | 1,241 | 5.8117 USD |
| Common | Buy Transaction | 609 | 5.8119 USD |
| Common | Buy Transaction | 2,407 | 5.8124 USD |
| Common | Buy Transaction | 1,186 | 5.8126 USD |
| Common | Buy Transaction | 423 | 5.8126 USD |
| Common | Buy Transaction | 500 | 5.8130 USD |
| Common | Buy Transaction | 493 | 5.8134 USD |
| Common | Buy Transaction | 132 | 5.8135 USD |
| Common | Buy Transaction | 1,000 | 5.8135 USD |
| Common | Buy Transaction | 1,470 | 5.8135 USD |
| Common | Buy Transaction | 1,005 | 5.8135 USD |
| Common | Buy Transaction | 1,072 | 5.8136 USD |
| Common | Buy Transaction | 5,176 | 5.8136 USD |
| Common | Buy Transaction | 1,524 | 5.8144 USD |
| Common | Buy Transaction | 770 | 5.8145 USD |
| Common | Buy Transaction | 137 | 5.8146 USD |
| Common | Buy Transaction | 1,131 | 5.8148 USD |
| Common | Buy Transaction | 800 | 5.8150 USD |
| Common | Buy Transaction | 2,926 | 5.8150 USD |
| Common | Buy Transaction | 625 | 5.8151 USD |
| Common | Buy Transaction | 8,274 | 5.8153 USD |
| Common | Buy Transaction | 1,106 | 5.8159 USD |
| Common | Buy Transaction | 4,921 | 5.8160 USD |
| Common | Buy Transaction | 284 | 5.8164 USD |
| Common | Buy Transaction | 302 | 5.8167 USD |
| Common | Buy Transaction | 105 | 5.8169 USD |
| Common | Buy Transaction | 167 | 5.8170 USD |
| Common | Buy Transaction | 1,721 | 5.8172 USD |
| Common | Buy Transaction | 159 | 5.8174 USD |
| Common | Buy Transaction | 500 | 5.8180 USD |
| Common | Buy Transaction | 1,996 | 5.8181 USD |
| Common | Buy Transaction | 12,333 | 5.8183 USD |
| Common | Buy Transaction | 34,846 | 5.8193 USD |
| Common | Buy Transaction | 1,100 | 5.8194 USD |
| Common | Buy Transaction | 757 | 5.8194 USD |
| Common | Buy Transaction | 811 | 5.8195 USD |
| Common | Buy Transaction | 2,200 | 5.8195 USD |
| Common | Buy Transaction | 2,731 | 5.8199 USD |
| Common | Buy Transaction | 1,693 | 5.8199 USD |
| Common | Buy Transaction | 762 | 5.8200 USD |
| Common | Buy Transaction | 506 | 5.8203 USD |
| Common | Buy Transaction | 23,716 | 5.8216 USD |
| Common | Buy Transaction | 2,769 | 5.8224 USD |
| Common | Buy Transaction | 1,492 | 5.8225 USD |
| Common | Buy Transaction | 527 | 5.8227 USD |
| Common | Buy Transaction | 940 | 5.8234 USD |
| Common | Buy Transaction | 733 | 5.8237 USD |
| Common | Buy Transaction | 99 | 5.8240 USD |
| Common | Buy Transaction | 332 | 5.8244 USD |
| Common | Buy Transaction | 3,084 | 5.8245 USD |
| Common | Buy Transaction | 196 | 5.8247 USD |
| Common | Buy Transaction | 900 | 5.8256 USD |
| Common | Buy Transaction | 6,173 | 5.8265 USD |
| Common | Buy Transaction | 1,800 | 5.8267 USD |
| Common | Buy Transaction | 577 | 5.8269 USD |
| Common | Buy Transaction | 400 | 5.8275 USD |
| Common | Buy Transaction | 3,289 | 5.8276 USD |
| Common | Buy Transaction | 720 | 5.8278 USD |
| Common | Buy Transaction | 10 | 5.8280 USD |
| Common | Buy Transaction | 1,857 | 5.8280 USD |
| Common | Buy Transaction | 2,525 | 5.8294 USD |
| Common | Buy Transaction | 754 | 5.8297 USD |
| Common | Buy Transaction | 331 | 5.8300 USD |
| Common | Buy Transaction | 708 | 5.8305 USD |
| Common | Buy Transaction | 387 | 5.8309 USD |
| Common | Buy Transaction | 1,550 | 5.8313 USD |
| Common | Buy Transaction | 481 | 5.8322 USD |
| Common | Buy Transaction | 659 | 5.8345 USD |
| Common | Buy Transaction | 5,594 | 5.8351 USD |
| Common | Buy Transaction | 486 | 5.8354 USD |
| Common | Buy Transaction | 8,443 | 5.8371 USD |
| Common | Buy Transaction | 1,481 | 5.8373 USD |
| Common | Buy Transaction | 1,360 | 5.8392 USD |
| Common | Buy Transaction | 491 | 5.8400 USD |
| Common | Buy Transaction | 200 | 5.8425 USD |
| Common | Buy Transaction | 7 | 5.8457 USD |
| Common | Buy Transaction | 6,500 | 5.8465 USD |
| Common | Buy Transaction | 591 | 5.8465 USD |
| Common | Buy Transaction | 3 | 5.8467 USD |
| Common | Buy Transaction | 3,151 | 5.8471 USD |
| Common | Buy Transaction | 116 | 5.8483 USD |
| Common | Buy Transaction | 117,310 | 5.8500 USD |
| Common | Buy Transaction | 1,199 | 5.8502 USD |
| Common | Buy Transaction | 19,224 | 5.8514 USD |
| Common | Buy Transaction | 1,309 | 5.8522 USD |
| Common | Buy Transaction | 2,282 | 5.8583 USD |
| Common | Buy Transaction | 11,457 | 5.8598 USD |
| Common | Buy Transaction | 362 | 5.8600 USD |
| Common | Buy Transaction | 800 | 5.8650 USD |
| Common | Buy Transaction | 342 | 5.8690 USD |
| Common | Buy Transaction | 12 | 5.8692 USD |
| Common | Buy Transaction | 10,458 | 5.8700 USD |
| Common | Buy Transaction | 118 | 5.8701 USD |
| Common | Buy Transaction | 275 | 5.8800 USD |
| Common | Buy Transaction | 1,100 | 5.9000 USD |
| Common | Buy Transaction | 10 | 5.9092 USD |
| Common | Buy Transaction | 2,630 | 5.9179 USD |
| Common | Buy Transaction | 1,221 | 5.9227 USD |
| Common | DVP Transaction | 3 | 5.6900 USD |
| Common | DVP Transaction | 3,347 | 5.7000 USD |
| Common | DVP Transaction | 4 | 5.7250 USD |
| Common | DVP Transaction | 1 | 5.7700 USD |
| Common | DVP Transaction | 1 | 5.8000 USD |
| Common | DVP Transaction | 20 | 5.8100 USD |
| Common | DVP Transaction | 510 | 5.8244 USD |
| Common | DVP Transaction | 163 | 5.8299 USD |
| Common | DVP Transaction | 1 | 5.8400 USD |
| Common | DVP Transaction | 103,744 | 5.8500 USD |
| Common | DVP Transaction | 28 | 5.8750 USD |
| Common | DVP Transaction | 10 | 5.9000 USD |
| Common | DVP Transaction | 5,510 | 5.9100 USD |
| Common | RVP Transaction | 3,347 | 5.7000 USD |
| Common | RVP Transaction | 2 | 5.7850 USD |
| Common | RVP Transaction | 2 | 5.7900 USD |
| Common | RVP Transaction | 1 | 5.8000 USD |
| Common | RVP Transaction | 180 | 5.8050 USD |
| Common | RVP Transaction | 16 | 5.8150 USD |
| Common | RVP Transaction | 24 | 5.8167 USD |
| Common | RVP Transaction | 12 | 5.8183 USD |
| Common | RVP Transaction | 16 | 5.8200 USD |
| Common | RVP Transaction | 33 | 5.8218 USD |
| Common | RVP Transaction | 12 | 5.8250 USD |
| Common | RVP Transaction | 11 | 5.8255 USD |
| Common | RVP Transaction | 15 | 5.8280 USD |
| Common | RVP Transaction | 300 | 5.8350 USD |
| Common | RVP Transaction | 25 | 5.8368 USD |
| Common | RVP Transaction | 20 | 5.8375 USD |
| Common | RVP Transaction | 42 | 5.8393 USD |
| Common | RVP Transaction | 17 | 5.8400 USD |
| Common | RVP Transaction | 12 | 5.8408 USD |
| Common | RVP Transaction | 102,930 | 5.8500 USD |
| Common | RVP Transaction | 1 | 5.8600 USD |
| Common | RVP Transaction | 28 | 5.8750 USD |
| Common | RVP Transaction | 10 | 5.8900 USD |
| Common | RVP Transaction | 10 | 5.9000 USD |
| Common | RVP Transaction | 6,276 | 5.9026 USD |
| Common | Sell Transaction | 10 | 5.6700 USD |
| Common | Sell Transaction | 88 | 5.6800 USD |
| Common | Sell Transaction | 591 | 5.6811 USD |
| Common | Sell Transaction | 355 | 5.6856 USD |
| Common | Sell Transaction | 1,268 | 5.6865 USD |
| Common | Sell Transaction | 27 | 5.6900 USD |
| Common | Sell Transaction | 895 | 5.6913 USD |
| Common | Sell Transaction | 465 | 5.7009 USD |
| Common | Sell Transaction | 400 | 5.7025 USD |
| Common | Sell Transaction | 20 | 5.7200 USD |
| Common | Sell Transaction | 500 | 5.7460 USD |
| Common | Sell Transaction | 155 | 5.7603 USD |
| Common | Sell Transaction | 7,301 | 5.7678 USD |
| Common | Sell Transaction | 200 | 5.7700 USD |
| Common | Sell Transaction | 4 | 5.7750 USD |
| Common | Sell Transaction | 200 | 5.7850 USD |
| Common | Sell Transaction | 3,272 | 5.7911 USD |
| Common | Sell Transaction | 1,187 | 5.7957 USD |
| Common | Sell Transaction | 1,736 | 5.7963 USD |
| Common | Sell Transaction | 14,295 | 5.7978 USD |
| Common | Sell Transaction | 233 | 5.8000 USD |
| Common | Sell Transaction | 585 | 5.8009 USD |
| Common | Sell Transaction | 91 | 5.8048 USD |
| Common | Sell Transaction | 3,470 | 5.8089 USD |
| Common | Sell Transaction | 112 | 5.8089 USD |
| Common | Sell Transaction | 45 | 5.8091 USD |
| Common | Sell Transaction | 523 | 5.8100 USD |
| Common | Sell Transaction | 511 | 5.8103 USD |
| Common | Sell Transaction | 3,280 | 5.8111 USD |
| Common | Sell Transaction | 401 | 5.8125 USD |
| Common | Sell Transaction | 4,266 | 5.8132 USD |
| Common | Sell Transaction | 600 | 5.8133 USD |
| Common | Sell Transaction | 361 | 5.8136 USD |
| Common | Sell Transaction | 982 | 5.8137 USD |
| Common | Sell Transaction | 4,741 | 5.8137 USD |
| Common | Sell Transaction | 990 | 5.8144 USD |
| Common | Sell Transaction | 1,559 | 5.8146 USD |
| Common | Sell Transaction | 3,178 | 5.8148 USD |
| Common | Sell Transaction | 3,297 | 5.8149 USD |
| Common | Sell Transaction | 1,773 | 5.8149 USD |
| Common | Sell Transaction | 20 | 5.8150 USD |
| Common | Sell Transaction | 196 | 5.8151 USD |
| Common | Sell Transaction | 367 | 5.8155 USD |
| Common | Sell Transaction | 13,117 | 5.8162 USD |
| Common | Sell Transaction | 1,860 | 5.8162 USD |
| Common | Sell Transaction | 310 | 5.8168 USD |
| Common | Sell Transaction | 2,365 | 5.8171 USD |
| Common | Sell Transaction | 4,437 | 5.8174 USD |
| Common | Sell Transaction | 336 | 5.8179 USD |
| Common | Sell Transaction | 130 | 5.8185 USD |
| Common | Sell Transaction | 1,304 | 5.8185 USD |
| Common | Sell Transaction | 119 | 5.8189 USD |
| Common | Sell Transaction | 933 | 5.8193 USD |
| Common | Sell Transaction | 1,551 | 5.8194 USD |
| Common | Sell Transaction | 2,145 | 5.8195 USD |
| Common | Sell Transaction | 2,876 | 5.8195 USD |
| Common | Sell Transaction | 1,417 | 5.8200 USD |
| Common | Sell Transaction | 2,857 | 5.8203 USD |
| Common | Sell Transaction | 578 | 5.8204 USD |
| Common | Sell Transaction | 1,462 | 5.8205 USD |
| Common | Sell Transaction | 898 | 5.8212 USD |
| Common | Sell Transaction | 5,802 | 5.8222 USD |
| Common | Sell Transaction | 667 | 5.8226 USD |
| Common | Sell Transaction | 229 | 5.8227 USD |
| Common | Sell Transaction | 2,432 | 5.8237 USD |
| Common | Sell Transaction | 2,700 | 5.8248 USD |
| Common | Sell Transaction | 214 | 5.8254 USD |
| Common | Sell Transaction | 1,800 | 5.8267 USD |
| Common | Sell Transaction | 1,331 | 5.8276 USD |
| Common | Sell Transaction | 6,416 | 5.8280 USD |
| Common | Sell Transaction | 1,813 | 5.8286 USD |
| Common | Sell Transaction | 126 | 5.8289 USD |
| Common | Sell Transaction | 106 | 5.8290 USD |
| Common | Sell Transaction | 100 | 5.8294 USD |
| Common | Sell Transaction | 201 | 5.8295 USD |
| Common | Sell Transaction | 320 | 5.8300 USD |
| Common | Sell Transaction | 336 | 5.8309 USD |
| Common | Sell Transaction | 160 | 5.8309 USD |
| Common | Sell Transaction | 1,698 | 5.8311 USD |
| Common | Sell Transaction | 533 | 5.8316 USD |
| Common | Sell Transaction | 2,617 | 5.8317 USD |
| Common | Sell Transaction | 975 | 5.8338 USD |
| Common | Sell Transaction | 284 | 5.8346 USD |
| Common | Sell Transaction | 2,700 | 5.8348 USD |
| Common | Sell Transaction | 3,700 | 5.8354 USD |
| Common | Sell Transaction | 3 | 5.8367 USD |
| Common | Sell Transaction | 5 | 5.8380 USD |
| Common | Sell Transaction | 31 | 5.8390 USD |
| Common | Sell Transaction | 50 | 5.8392 USD |
| Common | Sell Transaction | 1,309 | 5.8400 USD |
| Common | Sell Transaction | 315 | 5.8409 USD |
| Common | Sell Transaction | 255 | 5.8420 USD |
| Common | Sell Transaction | 7,991 | 5.8434 USD |
| Common | Sell Transaction | 10 | 5.8450 USD |
| Common | Sell Transaction | 1,009 | 5.8489 USD |
| Common | Sell Transaction | 109,263 | 5.8500 USD |
| Common | Sell Transaction | 4,701 | 5.8505 USD |
| Common | Sell Transaction | 300 | 5.8510 USD |
| Common | Sell Transaction | 2,986 | 5.8518 USD |
| Common | Sell Transaction | 2,105 | 5.8519 USD |
| Common | Sell Transaction | 993 | 5.8520 USD |
| Common | Sell Transaction | 2,342 | 5.8523 USD |
| Common | Sell Transaction | 1,304 | 5.8527 USD |
| Common | Sell Transaction | 476 | 5.8529 USD |
| Common | Sell Transaction | 500 | 5.8550 USD |
| Common | Sell Transaction | 272 | 5.8551 USD |
| Common | Sell Transaction | 192 | 5.8558 USD |
| Common | Sell Transaction | 466 | 5.8568 USD |
| Common | Sell Transaction | 700 | 5.8571 USD |
| Common | Sell Transaction | 450 | 5.8592 USD |
| Common | Sell Transaction | 17,321 | 5.8612 USD |
| Common | Sell Transaction | 443 | 5.8631 USD |
| Common | Sell Transaction | 1,142 | 5.8662 USD |
| Common | Sell Transaction | 400 | 5.8693 USD |
| Common | Sell Transaction | 10,458 | 5.8699 USD |
| Common | Sell Transaction | 2,964 | 5.8700 USD |
| Common | Sell Transaction | 1,335 | 5.8760 USD |
| Common | Sell Transaction | 100 | 5.8800 USD |
| Common | Sell Transaction | 773 | 5.8811 USD |
| Common | Sell Transaction | 168 | 5.8890 USD |
| Common | Sell Transaction | 20 | 5.9092 USD |
| Common | Sell Transaction | 101 | 5.9200 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 | 6.0000 USD | American | 2025-Mar-21 | 0.2600 USD |
| Common | Call Option | Buy Transaction | 6 | 5.0000 USD | American | 2025-Mar-21 | 0.8500 USD |
| Common | Call Option | Sell Transaction | 3 | 6.0000 USD | American | 2025-Mar-21 | 0.2500 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: | 20 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 | 500 | 4.0 USD
| American
| 21/02/2025
|
| Common | Put Option | Purchased | -100,000 | 7.0 USD
| American
| 20/06/2025
|
| Common | Call Option | Purchased | 900 | 5.0 USD
| American
| 16/01/2026
|
| Common | Call Option | Purchased | 300 | 8.0 USD
| American
| 20/06/2025
|
| Common | Put Option | Purchased | -104,200 | 6.0 USD
| American
| 20/06/2025
|
| Common | Put Option | Purchased | -1,200 | 6.0 USD
| American
| 21/02/2025
|
| Common | Put Option | Purchased | -800 | 7.0 USD
| American
| 18/07/2025
|
| Common | Call Option | Purchased | 700 | 10.0 USD
| American
| 18/07/2025
|
| Common | Put Option | Purchased | -5,400 | 4.0 USD
| American
| 18/07/2025
|
| Common | Call Option | Purchased | 600 | 10.0 USD
| American
| 17/04/2025
|
| Common | Put Option | Purchased | -200 | 10.0 USD
| American
| 21/02/2025
|
| Common | Call Option | Purchased | 11,100 | 6.0 USD
| American
| 21/02/2025
|
| Common | Put Option | Purchased | -200 | 5.0 USD
| American
| 18/07/2025
|
| 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 | Call Option | Purchased | 1,300 | 6.0 USD
| American
| 17/04/2025
|
| Common | Call Option | Purchased | 100 | 4.0 USD
| American
| 21/03/2025
|
| Common | Put Option | Purchased | -7,500 | 5.0 USD
| American
| 21/02/2025
|
| Common | Call Option | Purchased | 2,500 | 10.0 USD
| American
| 16/01/2026
|
| Common | Put Option | Purchased | -200 | 8.0 USD
| American
| 21/02/2025
|
| Common | Put Option | Purchased | -4,000 | 3.0 USD
| American
| 16/01/2026
|
| Common | Call Option | Purchased | 2,300 | 7.0 USD
| American
| 20/06/2025
|
| Common | Put Option | Purchased | -100 | 7.0 USD
| American
| 21/02/2025
|
| Common | Put Option | Purchased | -4,000 | 4.0 USD
| American
| 20/06/2025
|
| Common | Call Option | Purchased | 246,200 | 6.0 USD
| American
| 18/07/2025
|
| Common | Call Option | Purchased | 100 | 6.0 USD
| American
| 20/06/2025
|
| Common | Put Option | Purchased | -5,400 | 5.0 USD
| American
| 21/03/2025
|
| Common | Put Option | Purchased | -800 | 5.0 USD
| American
| 20/06/2025
|
| Common | Call Option | Purchased | 1,000 | 5.0 USD
| American
| 21/03/2025
|
| Common | Call Option | Purchased | 3,300 | 5.0 USD
| American
| 21/02/2025
|
| Common | Call Option | Sold | -8,600 | 8.0 USD
| American
| 17/04/2025
|
| Common | Call Option | Sold | -800 | 12.0 USD
| American
| 16/01/2026
|
| Common | Call Option | Sold | -29,400 | 8.0 USD
| American
| 18/07/2025
|
| Common | Put Option | Sold | 7,600 | 6.0 USD
| American
| 17/04/2025
|
| Common | Call Option | Sold | -31,700 | 5.0 USD
| American
| 17/07/2026
|
| Common | Call Option | Sold | -13,900 | 5.0 USD
| American
| 17/04/2025
|
| Common | Call Option | Sold | -2,700 | 4.0 USD
| American
| 17/04/2025
|
| Common | Put Option | Sold | 900 | 6.0 USD
| American
| 18/07/2025
|
| Common | Call Option | Sold | -200 | 7.0 USD
| American
| 18/07/2025
|
| Common | Call Option | Sold | -500 | 4.0 USD
| American
| 16/01/2026
|
| Common | Call Option | Sold | -100 | 15.0 USD
| American
| 16/01/2026
|
| Common | Put Option | Sold | 9,200 | 5.0 USD
| American
| 17/04/2025
|
| Common | Put Option | Sold | 100 | 6.0 USD
| American
| 21/03/2025
|
| Common | Call Option | Sold | -2,000 | 7.0 USD
| American
| 21/02/2025
|
| Common | Call Option | Sold | -1,600 | 5.0 USD
| American
| 20/06/2025
|
| Common | Put Option | Sold | 200 | 7.0 USD
| American
| 17/04/2025
|
| Common | Call Option | Sold | -1,000 | 3.0 USD
| American
| 16/01/2026
|
| Common | Call Option | Sold | -2,500 | 4.0 USD
| American
| 17/07/2026
|
| Common | Call Option | Sold | -400 | 4.0 USD
| American
| 20/06/2025
|
| Common | Call Option | Sold | -100,700 | 5.0 USD
| American
| 18/07/2025
|
| Common | Put Option | Sold | 1,000 | 4.0 USD
| American
| 21/02/2025
|
| Common | Call Option | Sold | -116,600 | 7.0 USD
| American
| 16/01/2026
|
| Common | Call Option | Sold | -14,700 | 7.0 USD
| American
| 17/04/2025
|
| Common | Call Option | Sold | -500 | 3.0 USD
| American
| 17/07/2026
|
| Common | Call Option | Sold | -500 | 10.0 USD
| American
| 17/07/2026
|
| Common | Put Option | Sold | 99,900 | 8.0 USD
| American
| 20/06/2025
|
| Common | Put Option | Sold | 75,400 | 7.0 USD
| American
| 16/01/2026
|
| Common | Call Option | Sold | -4,900 | 6.0 USD
| American
| 21/03/2025
|
| Common | Call Option | Sold | -6,700 | 7.0 USD
| American
| 21/03/2025
|
| Common | Put Option | Sold | 100 | 4.0 USD
| American
| 21/03/2025
|
| Common | Call Option | Sold | -1,900 | 9.0 USD
| American
| 17/04/2025
|
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.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.