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:

Qube Research & Technologies Limited

(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

30-06-2025

(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”

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

 

 

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

0

0.00

1,801,042

1.53

(2) Cash-settled derivatives:

 

0

0.00

0

0.00

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

0

0.00

0

0.00

 

TOTAL:

0

0.00

1,801,042

1.53

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:

0

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

0

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)

USD 0.01 common

Purchase

13

4.06

USD 0.01 common

Purchase

14

4.06

USD 0.01 common

Purchase

19

4.06

USD 0.01 common

Purchase

5

4.06

USD 0.01 common

Purchase

21

4.06

USD 0.01 common

Purchase

12

4.06

USD 0.01 common

Purchase

10

4.06

USD 0.01 common

Purchase

84

4.06

USD 0.01 common

Purchase

42

4.06

USD 0.01 common

Purchase

45

4.06

USD 0.01 common

Purchase

23

4.06

USD 0.01 common

Purchase

28

4.06

USD 0.01 common

Purchase

42

4.06

USD 0.01 common

Purchase

22

4.06

USD 0.01 common

Purchase

27

4.06

USD 0.01 common

Purchase

24

4.07

USD 0.01 common

Purchase

26

4.07

USD 0.01 common

Purchase

16

4.07

USD 0.01 common

Purchase

14

4.07

USD 0.01 common

Purchase

51

4.07

USD 0.01 common

Purchase

30

4.07

USD 0.01 common

Purchase

23

4.07

USD 0.01 common

Purchase

21

4.07

USD 0.01 common

Purchase

16

4.07

USD 0.01 common

Purchase

13

4.07

USD 0.01 common

Purchase

54

4.07

USD 0.01 common

Purchase

109

4.07

USD 0.01 common

Purchase

200

4.07

USD 0.01 common

Purchase

15

4.07

USD 0.01 common

Purchase

44

4.07

USD 0.01 common

Purchase

46

4.07

USD 0.01 common

Purchase

27

4.07

USD 0.01 common

Purchase

23

4.07

USD 0.01 common

Purchase

25

4.07

USD 0.01 common

Purchase

15

4.07

USD 0.01 common

Purchase

12

4.07

USD 0.01 common

Purchase

15

4.07

USD 0.01 common

Purchase

15

4.07

USD 0.01 common

Purchase

16

4.07

USD 0.01 common

Purchase

549

4.08

USD 0.01 common

Purchase

15

4.08

USD 0.01 common

Purchase

12

4.08

USD 0.01 common

Purchase

52

4.08

USD 0.01 common

Purchase

34

4.08

USD 0.01 common

Purchase

23

4.08

USD 0.01 common

Purchase

9

4.08

USD 0.01 common

Purchase

41329

4.08

USD 0.01 common

Purchase

21

4.08

USD 0.01 common

Purchase

17

4.08

USD 0.01 common

Purchase

18

4.08

USD 0.01 common

Purchase

15

4.08

USD 0.01 common

Purchase

23

4.08

USD 0.01 common

Purchase

10

4.08

USD 0.01 common

Purchase

4

4.08

USD 0.01 common

Purchase

27

4.08

USD 0.01 common

Purchase

37

4.08

USD 0.01 common

Purchase

10

4.08

USD 0.01 common

Purchase

77

4.08

USD 0.01 common

Purchase

65

4.08

USD 0.01 common

Purchase

10

4.08

USD 0.01 common

Purchase

22

4.08

USD 0.01 common

Purchase

17

4.08

USD 0.01 common

Purchase

16

4.08

USD 0.01 common

Purchase

37

4.08

USD 0.01 common

Purchase

17

4.08

USD 0.01 common

Purchase

67

4.08

USD 0.01 common

Purchase

111

4.08

USD 0.01 common

Purchase

74

4.09

USD 0.01 common

Purchase

10

4.09

USD 0.01 common

Purchase

16

4.09

USD 0.01 common

Purchase

3

4.09

USD 0.01 common

Purchase

50

4.09

USD 0.01 common

Purchase

20

4.09

USD 0.01 common

Purchase

27

4.09

USD 0.01 common

Purchase

48

4.09

USD 0.01 common

Purchase

49

4.09

USD 0.01 common

Purchase

8

4.09

USD 0.01 common

Purchase

350

4.09

USD 0.01 common

Purchase

16

4.09

USD 0.01 common

Purchase

86

4.09

USD 0.01 common

Purchase

21

4.09

USD 0.01 common

Purchase

28

4.09

USD 0.01 common

Purchase

32

4.09

USD 0.01 common

Purchase

16

4.09

USD 0.01 common

Purchase

83

4.09

USD 0.01 common

Purchase

51

4.09

USD 0.01 common

Purchase

8

4.09

USD 0.01 common

Purchase

24

4.09

USD 0.01 common

Purchase

8

4.09

USD 0.01 common

Purchase

9

4.09

USD 0.01 common

Purchase

19

4.09

USD 0.01 common

Purchase

48

4.10

USD 0.01 common

Purchase

41

4.10

USD 0.01 common

Purchase

22

4.10

USD 0.01 common

Purchase

21

4.10

USD 0.01 common

Purchase

2

4.10

USD 0.01 common

Purchase

77

4.10

USD 0.01 common

Purchase

8

4.10

USD 0.01 common

Purchase

50

4.10

USD 0.01 common

Purchase

22

4.10

USD 0.01 common

Purchase

39

4.10

USD 0.01 common

Purchase

93

4.10

USD 0.01 common

Purchase

2

4.10

USD 0.01 common

Purchase

13

4.10

USD 0.01 common

Purchase

35

4.10

USD 0.01 common

Purchase

500

4.10

USD 0.01 common

Purchase

22

4.10

USD 0.01 common

Purchase

10

4.10

USD 0.01 common

Purchase

12

4.10

USD 0.01 common

Purchase

10

4.10

USD 0.01 common

Purchase

4

4.10

USD 0.01 common

Purchase

62

4.10

USD 0.01 common

Purchase

76

4.10

USD 0.01 common

Purchase

41

4.10

USD 0.01 common

Purchase

28

4.10

USD 0.01 common

Purchase

53

4.11

USD 0.01 common

Purchase

31

4.11

USD 0.01 common

Purchase

43

4.11

USD 0.01 common

Purchase

31

4.11

USD 0.01 common

Purchase

16

4.11

USD 0.01 common

Purchase

37

4.11

USD 0.01 common

Purchase

36

4.11

USD 0.01 common

Purchase

45

4.11

USD 0.01 common

Purchase

46

4.11

USD 0.01 common

Purchase

28

4.11

USD 0.01 common

Purchase

200

4.11

USD 0.01 common

Purchase

16

4.11

USD 0.01 common

Purchase

38

4.11

USD 0.01 common

Purchase

18

4.11

USD 0.01 common

Purchase

51

4.11

USD 0.01 common

Purchase

17

4.11

USD 0.01 common

Purchase

32

4.11

USD 0.01 common

Purchase

100

4.11

USD 0.01 common

Purchase

77

4.11

USD 0.01 common

Purchase

133

4.12

USD 0.01 common

Purchase

24

4.12

USD 0.01 common

Purchase

37

4.12

USD 0.01 common

Purchase

37

4.12

USD 0.01 common

Purchase

16

4.12

USD 0.01 common

Purchase

55

4.12

USD 0.01 common

Purchase

95

4.12

USD 0.01 common

Purchase

74

4.12

USD 0.01 common

Purchase

28

4.12

USD 0.01 common

Purchase

25

4.12

USD 0.01 common

Purchase

300

4.12

USD 0.01 common

Purchase

100

4.12

USD 0.01 common

Sale

200

4.05

USD 0.01 common

Sale

13

4.06

USD 0.01 common

Sale

14

4.06

USD 0.01 common

Sale

19

4.06

USD 0.01 common

Sale

1853

4.06

USD 0.01 common

Sale

5

4.06

USD 0.01 common

Sale

21

4.06

USD 0.01 common

Sale

12

4.06

USD 0.01 common

Sale

10

4.06

USD 0.01 common

Sale

84

4.06

USD 0.01 common

Sale

42

4.06

USD 0.01 common

Sale

45

4.06

USD 0.01 common

Sale

23

4.06

USD 0.01 common

Sale

28

4.06

USD 0.01 common

Sale

83

4.06

USD 0.01 common

Sale

45

4.06

USD 0.01 common

Sale

22

4.06

USD 0.01 common

Sale

27

4.06

USD 0.01 common

Sale

900

4.07

USD 0.01 common

Sale

24

4.07

USD 0.01 common

Sale

40

4.07

USD 0.01 common

Sale

26

4.07

USD 0.01 common

Sale

3

4.07

USD 0.01 common

Sale

56

4.07

USD 0.01 common

Sale

14

4.07

USD 0.01 common

Sale

136

4.07

USD 0.01 common

Sale

30

4.07

USD 0.01 common

Sale

23

4.07

USD 0.01 common

Sale

21

4.07

USD 0.01 common

Sale

16

4.07

USD 0.01 common

Sale

13

4.07

USD 0.01 common

Sale

40

4.07

USD 0.01 common

Sale

54

4.07

USD 0.01 common

Sale

109

4.07

USD 0.01 common

Sale

3380

4.07

USD 0.01 common

Sale

15

4.07

USD 0.01 common

Sale

44

4.07

USD 0.01 common

Sale

46

4.07

USD 0.01 common

Sale

27

4.07

USD 0.01 common

Sale

23

4.07

USD 0.01 common

Sale

25

4.07

USD 0.01 common

Sale

15

4.07

USD 0.01 common

Sale

12

4.07

USD 0.01 common

Sale

15

4.07

USD 0.01 common

Sale

15

4.07

USD 0.01 common

Sale

16

4.07

USD 0.01 common

Sale

1600

4.08

USD 0.01 common

Sale

15

4.08

USD 0.01 common

Sale

12

4.08

USD 0.01 common

Sale

52

4.08

USD 0.01 common

Sale

34

4.08

USD 0.01 common

Sale

23

4.08

USD 0.01 common

Sale

9

4.08

USD 0.01 common

Sale

2900

4.08

USD 0.01 common

Sale

21

4.08

USD 0.01 common

Sale

17

4.08

USD 0.01 common

Sale

18

4.08

USD 0.01 common

Sale

15

4.08

USD 0.01 common

Sale

23

4.08

USD 0.01 common

Sale

10

4.08

USD 0.01 common

Sale

4

4.08

USD 0.01 common

Sale

27

4.08

USD 0.01 common

Sale

36

4.08

USD 0.01 common

Sale

10

4.08

USD 0.01 common

Sale

77

4.08

USD 0.01 common

Sale

65

4.08

USD 0.01 common

Sale

10

4.08

USD 0.01 common

Sale

22

4.08

USD 0.01 common

Sale

17

4.08

USD 0.01 common

Sale

16

4.08

USD 0.01 common

Sale

37

4.08

USD 0.01 common

Sale

17

4.08

USD 0.01 common

Sale

66

4.08

USD 0.01 common

Sale

1011

4.08

USD 0.01 common

Sale

74

4.09

USD 0.01 common

Sale

10

4.09

USD 0.01 common

Sale

16

4.09

USD 0.01 common

Sale

3

4.09

USD 0.01 common

Sale

50

4.09

USD 0.01 common

Sale

20

4.09

USD 0.01 common

Sale

27

4.09

USD 0.01 common

Sale

48

4.09

USD 0.01 common

Sale

49

4.09

USD 0.01 common

Sale

8

4.09

USD 0.01 common

Sale

900

4.09

USD 0.01 common

Sale

16

4.09

USD 0.01 common

Sale

86

4.09

USD 0.01 common

Sale

21

4.09

USD 0.01 common

Sale

28

4.09

USD 0.01 common

Sale

32

4.09

USD 0.01 common

Sale

16

4.09

USD 0.01 common

Sale

83

4.09

USD 0.01 common

Sale

51

4.09

USD 0.01 common

Sale

8

4.09

USD 0.01 common

Sale

24

4.09

USD 0.01 common

Sale

8

4.09

USD 0.01 common

Sale

9

4.09

USD 0.01 common

Sale

19

4.09

USD 0.01 common

Sale

500

4.09

USD 0.01 common

Sale

48

4.10

USD 0.01 common

Sale

41

4.10

USD 0.01 common

Sale

22

4.10

USD 0.01 common

Sale

21

4.10

USD 0.01 common

Sale

2

4.10

USD 0.01 common

Sale

77

4.10

USD 0.01 common

Sale

8

4.10

USD 0.01 common

Sale

50

4.10

USD 0.01 common

Sale

22

4.10

USD 0.01 common

Sale

39

4.10

USD 0.01 common

Sale

93

4.10

USD 0.01 common

Sale

2

4.10

USD 0.01 common

Sale

13

4.10

USD 0.01 common

Sale

35

4.10

USD 0.01 common

Sale

1400

4.10

USD 0.01 common

Sale

22

4.10

USD 0.01 common

Sale

10

4.10

USD 0.01 common

Sale

12

4.10

USD 0.01 common

Sale

10

4.10

USD 0.01 common

Sale

4

4.10

USD 0.01 common

Sale

62

4.10

USD 0.01 common

Sale

76

4.10

USD 0.01 common

Sale

41

4.10

USD 0.01 common

Sale

28

4.10

USD 0.01 common

Sale

400

4.11

USD 0.01 common

Sale

53

4.11

USD 0.01 common

Sale

31

4.11

USD 0.01 common

Sale

101

4.11

USD 0.01 common

Sale

43

4.11

USD 0.01 common

Sale

31

4.11

USD 0.01 common

Sale

16

4.11

USD 0.01 common

Sale

37

4.11

USD 0.01 common

Sale

36

4.11

USD 0.01 common

Sale

45

4.11

USD 0.01 common

Sale

46

4.11

USD 0.01 common

Sale

28

4.11

USD 0.01 common

Sale

1100

4.11

USD 0.01 common

Sale

16

4.11

USD 0.01 common

Sale

38

4.11

USD 0.01 common

Sale

18

4.11

USD 0.01 common

Sale

27

4.11

USD 0.01 common

Sale

51

4.11

USD 0.01 common

Sale

17

4.11

USD 0.01 common

Sale

31

4.11

USD 0.01 common

Sale

32

4.11

USD 0.01 common

Sale

100

4.11

USD 0.01 common

Sale

77

4.11

USD 0.01 common

Sale

333

4.12

USD 0.01 common

Sale

24

4.12

USD 0.01 common

Sale

37

4.12

USD 0.01 common

Sale

37

4.12

USD 0.01 common

Sale

16

4.12

USD 0.01 common

Sale

55

4.12

USD 0.01 common

Sale

95

4.12

USD 0.01 common

Sale

74

4.12

USD 0.01 common

Sale

28

4.12

USD 0.01 common

Sale

25

4.12

USD 0.01 common

Sale

200

4.16

(b) Cash-settled derivative transactions

Class of relevant security

Product description

e.g. call option

Nature of dealing

e.g. opening/closing a long/short position, increasing/reducing a long/short position

Number of securities

Exercise price per unit (GBp)

(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 (GBp)

Type

e.g. American, European etc.

Expiry date

Option money paid/ received per unit
(GBp)

(ii) Exercise

Class of relevant security

Product description

e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

0

0

0

0

 

0

(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)

0

 

0

0

0

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:

01-07-2025

Contact name:

Janice Falcao

Telephone number:

00442033140679

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. The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

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