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:

 

Millennium International Management LP

(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.

 

 

(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:

 

 

(e) Date position held/dealing undertaken:

For an opening position disclosure, state the latest practicable date prior to the disclosure

 

03rd April 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:

 

USD 0.01 common (US0240611030)

 

 

 

Interests

 

Short positions

 

Number

 

%

 

Number

 

%

(1) Relevant securities owned and/or controlled:

 

1,692,560

 

1.439%

 

538,829

 

0.458%

(2) Cash-settled derivatives:

 

 

51,024

 

0.043%

 

50,000

 

0.043%

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

 

-

 

-

 

-

 

-

 

TOTAL:

 

1,743,584

 

1.483%

 

588,829

 

0.501%

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:

 

 

Details, including nature of the rights concerned and relevant percentages:

 

 

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 (USD)

US0240611030

Purchase

15,600

3.70

US0240611030

Purchase

1,000

3.61

US0240611030

Purchase

1,000

3.63

US0240611030

Purchase

3,304

3.65

US0240611030

Sale

3

3.65

US0240611030

Purchase

9,337

3.67

US0240611030

Sale

23

3.60

US0240611030

Purchase

1,600

3.69

US0240611030

Purchase

3,936

3.66

US0240611030

Sale

13

3.70

US0240611030

Sale

542

3.71

US0240611030

Purchase

4,653

3.62

US0240611030

Sale

4,323

3.62

US0240611030

Sale

118

3.73

US0240611030

Sale

517

3.77

US0240611030

Purchase

1,646

3.61

US0240611030

Sale

735

3.61

US0240611030

Sale

300

3.72

US0240611030

Sale

8,229

3.67

US0240611030

Purchase

1,646

3.60

US0240611030

Sale

1,687

3.60

US0240611030

Purchase

7,582

3.57

US0240611030

Sale

4,368

3.57

US0240611030

Sale

103

3.76

US0240611030

Purchase

139

3.58

US0240611030

Sale

416

3.58

US0240611030

Purchase

6,076

3.59

US0240611030

Sale

6,277

3.59

US0240611030

Sale

18

3.78

US0240611030

Sale

460

3.56

US0240611030

Sale

100

3.74

US0240611030

Purchase

459

3.70

US0240611030

Purchase

578

3.71

US0240611030

Purchase

608

3.62

US0240611030

Purchase

3,810

3.61

US0240611030

Purchase

508

3.72

US0240611030

Purchase

204

3.63

US0240611030

Purchase

1,001

3.68

US0240611030

Purchase

704

3.64

US0240611030

Purchase

184

3.75

US0240611030

Purchase

6,898

3.65

US0240611030

Purchase

766

3.67

US0240611030

Purchase

1,637

3.60

US0240611030

Purchase

214

3.69

US0240611030

Purchase

18,373

3.57

US0240611030

Sale

16,500

3.57

US0240611030

Purchase

18,158

3.58

US0240611030

Purchase

3,425

3.59

US0240611030

Purchase

50

3.78

US0240611030

Purchase

116

3.74

US0240611030

Purchase

2,254

3.66

US0240611030

Sale

10

3.71

US0240611030

Purchase

1,997

3.62

US0240611030

Sale

1,997

3.62

US0240611030

Purchase

194

3.77

US0240611030

Sale

868

3.77

US0240611030

Sale

12

3.72

US0240611030

Sale

2

3.63

US0240611030

Purchase

10,889

3.68

US0240611030

Sale

98

3.64

US0240611030

Purchase

300

3.67

US0240611030

Sale

72

3.67

US0240611030

Purchase

8,754

3.60

US0240611030

Sale

8,780

3.60

US0240611030

Purchase

2,239

3.57

US0240611030

Sale

102

3.57

US0240611030

Sale

7

3.76

US0240611030

Purchase

4

3.58

US0240611030

Sale

141

3.58

US0240611030

Sale

2,550

3.59

US0240611030

Purchase

14

3.56

US0240611030

Purchase

36,361

3.70

US0240611030

Purchase

5

3.71

US0240611030

Sale

100

3.62

US0240611030

Sale

983

3.77

US0240611030

Purchase

6,232

3.61

US0240611030

Sale

6,232

3.61

US0240611030

Sale

200

3.72

US0240611030

Sale

1,757

3.63

US0240611030

Sale

3,729

3.64

US0240611030

Sale

12

3.75

US0240611030

Purchase

6,232

3.65

US0240611030

Purchase

9,064

3.67

US0240611030

Purchase

23

3.60

US0240611030

Sale

118

3.60

US0240611030

Purchase

983

3.57

US0240611030

Sale

8,637

3.57

US0240611030

Purchase

24,400

3.58

US0240611030

Sale

39,090

3.58

US0240611030

Purchase

2,478

3.59

US0240611030

Sale

1,151

3.59

US0240611030

Sale

289

3.56

US0240611030

Sale

10,400

3.66

US0240611030

Sale

81

3.62

US0240611030

Purchase

2,964

3.61

US0240611030

Sale

1,423

3.61

US0240611030

Sale

453

3.64

US0240611030

Sale

13,357

3.57

US0240611030

Purchase

1

3.58

(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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(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?

 

NO

Date of disclosure:

 

04th April 2025

Contact name:

 

Stephen Glasper

Telephone number:

 

+44 203 398 2166

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk. 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.

Copyright Business Wire 2025