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 | 15 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: | 1,981,998 | 1.67 | 0 | 0.00 |
| (2) Cash-settled derivatives:
| 602,903 | 0.50 | 0 | 0.00 |
| (3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 1,003,900 | 0.84 | 1,361,100 | 1.14 |
|
TOTAL: | 3,588,801 | 3.02 | 1,361,100 | 1.14 |
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 | 80,300 | 4.7800 USD |
| Common | Buy Transaction | 140 | 4.7886 USD |
| Common | Buy Transaction | 11 | 4.7900 USD |
| Common | Buy Transaction | 167 | 4.7904 USD |
| Common | Buy Transaction | 102 | 4.7912 USD |
| Common | Buy Transaction | 800 | 4.7912 USD |
| Common | Buy Transaction | 1,900 | 4.7921 USD |
| Common | Buy Transaction | 9,590 | 4.7992 USD |
| Common | Buy Transaction | 4,848 | 4.8000 USD |
| Common | Buy Transaction | 1 | 4.8008 USD |
| Common | Buy Transaction | 2,700 | 4.8011 USD |
| Common | Buy Transaction | 701 | 4.8044 USD |
| Common | Buy Transaction | 173 | 4.8050 USD |
| Common | Buy Transaction | 204 | 4.8053 USD |
| Common | Buy Transaction | 1,880 | 4.8060 USD |
| Common | Buy Transaction | 300 | 4.8067 USD |
| Common | Buy Transaction | 900 | 4.8100 USD |
| Common | Buy Transaction | 462 | 4.8110 USD |
| Common | Buy Transaction | 2,212 | 4.8110 USD |
| Common | Buy Transaction | 825 | 4.8127 USD |
| Common | Buy Transaction | 1,200 | 4.8133 USD |
| Common | Buy Transaction | 12,522 | 4.8138 USD |
| Common | Buy Transaction | 200 | 4.8150 USD |
| Common | Buy Transaction | 300 | 4.8167 USD |
| Common | Buy Transaction | 626 | 4.8184 USD |
| Common | Buy Transaction | 602 | 4.8200 USD |
| Common | Buy Transaction | 902 | 4.8224 USD |
| Common | Buy Transaction | 277 | 4.8247 USD |
| Common | Buy Transaction | 2 | 4.8250 USD |
| Common | Buy Transaction | 97 | 4.8251 USD |
| Common | Buy Transaction | 1,465 | 4.8271 USD |
| Common | Buy Transaction | 595 | 4.8272 USD |
| Common | Buy Transaction | 3,279 | 4.8300 USD |
| Common | Buy Transaction | 4 | 4.8325 USD |
| Common | Buy Transaction | 2,800 | 4.8329 USD |
| Common | Buy Transaction | 5,378 | 4.8343 USD |
| Common | Buy Transaction | 1,923 | 4.8371 USD |
| Common | Buy Transaction | 600 | 4.8383 USD |
| Common | Buy Transaction | 21,441 | 4.8400 USD |
| Common | Buy Transaction | 1,682 | 4.8406 USD |
| Common | Buy Transaction | 518 | 4.8408 USD |
| Common | Buy Transaction | 599 | 4.8409 USD |
| Common | Buy Transaction | 3,125 | 4.8420 USD |
| Common | Buy Transaction | 746 | 4.8460 USD |
| Common | Buy Transaction | 834 | 4.8480 USD |
| Common | Buy Transaction | 740 | 4.8500 USD |
| Common | Buy Transaction | 17 | 4.8506 USD |
| Common | Buy Transaction | 2,800 | 4.8514 USD |
| Common | Buy Transaction | 10 | 4.8550 USD |
| Common | Buy Transaction | 1,800 | 4.8556 USD |
| Common | Buy Transaction | 6 | 4.8567 USD |
| Common | Buy Transaction | 627 | 4.8591 USD |
| Common | Buy Transaction | 470 | 4.8591 USD |
| Common | Buy Transaction | 203 | 4.8600 USD |
| Common | Buy Transaction | 5,061 | 4.8605 USD |
| Common | Buy Transaction | 192 | 4.8608 USD |
| Common | Buy Transaction | 526 | 4.8616 USD |
| Common | Buy Transaction | 1,800 | 4.8633 USD |
| Common | Buy Transaction | 1,000 | 4.8640 USD |
| Common | Buy Transaction | 2,633 | 4.8642 USD |
| Common | Buy Transaction | 430 | 4.8651 USD |
| Common | Buy Transaction | 409 | 4.8699 USD |
| Common | Buy Transaction | 184 | 4.8700 USD |
| Common | Buy Transaction | 3,865 | 4.8700 USD |
| Common | Buy Transaction | 200 | 4.8704 USD |
| Common | Buy Transaction | 1 | 4.8708 USD |
| Common | Buy Transaction | 2,000 | 4.8728 USD |
| Common | Buy Transaction | 742 | 4.8742 USD |
| Common | Buy Transaction | 1 | 4.8743 USD |
| Common | Buy Transaction | 2,383 | 4.8743 USD |
| Common | Buy Transaction | 887 | 4.8755 USD |
| Common | Buy Transaction | 400 | 4.8775 USD |
| Common | Buy Transaction | 1,001 | 4.8800 USD |
| Common | Buy Transaction | 114 | 4.8932 USD |
| Common | Buy Transaction | 7,358 | 4.8948 USD |
| Common | Buy Transaction | 2,100 | 4.8982 USD |
| Common | Buy Transaction | 100 | 4.9200 USD |
| Common | Buy Transaction | 1,200 | 4.9250 USD |
| Common | Buy Transaction | 1 | 4.9300 USD |
| Common | Buy Transaction | 100 | 4.9308 USD |
| Common | Buy Transaction | 61,971 | 4.9354 USD |
| Common | Buy Transaction | 52 | 4.9394 USD |
| Common | Buy Transaction | 2 | 4.9500 USD |
| Common | DVP Transaction | 176 | 4.7100 USD |
| Common | DVP Transaction | 1 | 4.7500 USD |
| Common | DVP Transaction | 72,729 | 4.7800 USD |
| Common | DVP Transaction | 1 | 4.7850 USD |
| Common | DVP Transaction | 1 | 4.7900 USD |
| Common | DVP Transaction | 287 | 4.8044 USD |
| Common | DVP Transaction | 256 | 4.8050 USD |
| Common | DVP Transaction | 262 | 4.8100 USD |
| Common | DVP Transaction | 93 | 4.8117 USD |
| Common | DVP Transaction | 99 | 4.8151 USD |
| Common | DVP Transaction | 3,794 | 4.8317 USD |
| Common | DVP Transaction | 75 | 4.8500 USD |
| Common | DVP Transaction | 1 | 4.8700 USD |
| Common | DVP Transaction | 3,458 | 4.8900 USD |
| Common | RVP Transaction | 176 | 4.7100 USD |
| Common | RVP Transaction | 1 | 4.7500 USD |
| Common | RVP Transaction | 100 | 4.7750 USD |
| Common | RVP Transaction | 72,725 | 4.7800 USD |
| Common | RVP Transaction | 97 | 4.7850 USD |
| Common | RVP Transaction | 11 | 4.7855 USD |
| Common | RVP Transaction | 1 | 4.7900 USD |
| Common | RVP Transaction | 417 | 4.7984 USD |
| Common | RVP Transaction | 150 | 4.8033 USD |
| Common | RVP Transaction | 100 | 4.8050 USD |
| Common | RVP Transaction | 908 | 4.8072 USD |
| Common | RVP Transaction | 464 | 4.8147 USD |
| Common | RVP Transaction | 110 | 4.8150 USD |
| Common | RVP Transaction | 295 | 4.8200 USD |
| Common | RVP Transaction | 399 | 4.8250 USD |
| Common | RVP Transaction | 204 | 4.8253 USD |
| Common | RVP Transaction | 275 | 4.8460 USD |
| Common | RVP Transaction | 481 | 4.8475 USD |
| Common | RVP Transaction | 205 | 4.8499 USD |
| Common | RVP Transaction | 25 | 4.8500 USD |
| Common | RVP Transaction | 216 | 4.8544 USD |
| Common | RVP Transaction | 1 | 4.8700 USD |
| Common | RVP Transaction | 270 | 4.8756 USD |
| Common | RVP Transaction | 3,458 | 4.8900 USD |
| Common | RVP Transaction | 72 | 4.9300 USD |
| Common | RVP Transaction | 72 | 4.9500 USD |
| Common | Sell Transaction | 76,293 | 4.7800 USD |
| Common | Sell Transaction | 300 | 4.7900 USD |
| Common | Sell Transaction | 3,500 | 4.7924 USD |
| Common | Sell Transaction | 13,000 | 4.7951 USD |
| Common | Sell Transaction | 225 | 4.7976 USD |
| Common | Sell Transaction | 5,903 | 4.8000 USD |
| Common | Sell Transaction | 17 | 4.8006 USD |
| Common | Sell Transaction | 5,778 | 4.8010 USD |
| Common | Sell Transaction | 1,895 | 4.8037 USD |
| Common | Sell Transaction | 21,604 | 4.8044 USD |
| Common | Sell Transaction | 5,846 | 4.8048 USD |
| Common | Sell Transaction | 1,409 | 4.8049 USD |
| Common | Sell Transaction | 1,253 | 4.8050 USD |
| Common | Sell Transaction | 3,999 | 4.8056 USD |
| Common | Sell Transaction | 300 | 4.8067 USD |
| Common | Sell Transaction | 1,800 | 4.8069 USD |
| Common | Sell Transaction | 285 | 4.8070 USD |
| Common | Sell Transaction | 20,501 | 4.8073 USD |
| Common | Sell Transaction | 227 | 4.8073 USD |
| Common | Sell Transaction | 413 | 4.8076 USD |
| Common | Sell Transaction | 149 | 4.8080 USD |
| Common | Sell Transaction | 10,700 | 4.8098 USD |
| Common | Sell Transaction | 15,608 | 4.8099 USD |
| Common | Sell Transaction | 1,273 | 4.8100 USD |
| Common | Sell Transaction | 2,139 | 4.8112 USD |
| Common | Sell Transaction | 400 | 4.8117 USD |
| Common | Sell Transaction | 2,560 | 4.8119 USD |
| Common | Sell Transaction | 6,339 | 4.8125 USD |
| Common | Sell Transaction | 4,346 | 4.8132 USD |
| Common | Sell Transaction | 420 | 4.8147 USD |
| Common | Sell Transaction | 496 | 4.8150 USD |
| Common | Sell Transaction | 3,138 | 4.8178 USD |
| Common | Sell Transaction | 1,648 | 4.8190 USD |
| Common | Sell Transaction | 1,557 | 4.8193 USD |
| Common | Sell Transaction | 300 | 4.8200 USD |
| Common | Sell Transaction | 1,116 | 4.8211 USD |
| Common | Sell Transaction | 1,477 | 4.8212 USD |
| Common | Sell Transaction | 2,499 | 4.8212 USD |
| Common | Sell Transaction | 913 | 4.8220 USD |
| Common | Sell Transaction | 5,635 | 4.8224 USD |
| Common | Sell Transaction | 465 | 4.8230 USD |
| Common | Sell Transaction | 3,193 | 4.8236 USD |
| Common | Sell Transaction | 1,183 | 4.8240 USD |
| Common | Sell Transaction | 1,400 | 4.8250 USD |
| Common | Sell Transaction | 1,719 | 4.8260 USD |
| Common | Sell Transaction | 2,087 | 4.8262 USD |
| Common | Sell Transaction | 1,157 | 4.8262 USD |
| Common | Sell Transaction | 1,100 | 4.8268 USD |
| Common | Sell Transaction | 1,699 | 4.8285 USD |
| Common | Sell Transaction | 1 | 4.8288 USD |
| Common | Sell Transaction | 600 | 4.8300 USD |
| Common | Sell Transaction | 925 | 4.8325 USD |
| Common | Sell Transaction | 1,600 | 4.8325 USD |
| Common | Sell Transaction | 1,164 | 4.8328 USD |
| Common | Sell Transaction | 1,825 | 4.8340 USD |
| Common | Sell Transaction | 4,500 | 4.8353 USD |
| Common | Sell Transaction | 1,506 | 4.8362 USD |
| Common | Sell Transaction | 8 | 4.8362 USD |
| Common | Sell Transaction | 410 | 4.8363 USD |
| Common | Sell Transaction | 2,392 | 4.8364 USD |
| Common | Sell Transaction | 492 | 4.8378 USD |
| Common | Sell Transaction | 728 | 4.8378 USD |
| Common | Sell Transaction | 2,856 | 4.8384 USD |
| Common | Sell Transaction | 2,000 | 4.8385 USD |
| Common | Sell Transaction | 48 | 4.8400 USD |
| Common | Sell Transaction | 799 | 4.8400 USD |
| Common | Sell Transaction | 1,335 | 4.8405 USD |
| Common | Sell Transaction | 1,700 | 4.8418 USD |
| Common | Sell Transaction | 2,604 | 4.8421 USD |
| Common | Sell Transaction | 500 | 4.8460 USD |
| Common | Sell Transaction | 2,499 | 4.8460 USD |
| Common | Sell Transaction | 1,900 | 4.8463 USD |
| Common | Sell Transaction | 452 | 4.8474 USD |
| Common | Sell Transaction | 2,947 | 4.8483 USD |
| Common | Sell Transaction | 6,412 | 4.8489 USD |
| Common | Sell Transaction | 1,408 | 4.8500 USD |
| Common | Sell Transaction | 3,200 | 4.8527 USD |
| Common | Sell Transaction | 1,900 | 4.8542 USD |
| Common | Sell Transaction | 300 | 4.8550 USD |
| Common | Sell Transaction | 1,741 | 4.8559 USD |
| Common | Sell Transaction | 9,586 | 4.8591 USD |
| Common | Sell Transaction | 101 | 4.8600 USD |
| Common | Sell Transaction | 500 | 4.8620 USD |
| Common | Sell Transaction | 1,000 | 4.8650 USD |
| Common | Sell Transaction | 2,375 | 4.8654 USD |
| Common | Sell Transaction | 1,830 | 4.8680 USD |
| Common | Sell Transaction | 5 | 4.8700 USD |
| Common | Sell Transaction | 1,460 | 4.8713 USD |
| Common | Sell Transaction | 1,300 | 4.8738 USD |
| Common | Sell Transaction | 982 | 4.8744 USD |
| Common | Sell Transaction | 1,474 | 4.8772 USD |
| Common | Sell Transaction | 1,005 | 4.8800 USD |
| Common | Sell Transaction | 2 | 4.8900 USD |
| Common | Sell Transaction | 100 | 4.8994 USD |
| Common | Sell Transaction | 6,702 | 4.8997 USD |
| Common | Sell Transaction | 10 | 4.9080 USD |
| Common | Sell Transaction | 582 | 4.9118 USD |
| Common | Sell Transaction | 749 | 4.9135 USD |
| Common | Sell Transaction | 326 | 4.9299 USD |
| Common | Sell Transaction | 61,971 | 4.9354 USD |
| Common | Sell Transaction | 6,451 | 4.9500 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 | Reducing long position | 1,699 | 4.8126 USD |
| Common | CFD | Reducing long position | 3,601 | 4.8126 USD |
| Common | CFD | Increasing long position | 8,936 | 4.8162 USD |
| Common | CFD | Increasing long position | 70,497 | 4.8305 USD |
| Common | CFD | Increasing long position | 1,765 | 4.8900 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 | 2 | 6.0000 USD | American | 2025-Oct-17 | 0.2700 USD |
| Common | Call Option | Buy Transaction | 10 | 7.0000 USD | American | 2026-Jan-16 | 0.3000 USD |
| Common | Call Option | Buy Transaction | 8 | 5.0000 USD | American | 2025-Aug-15 | 0.3300 USD |
| Common | Put Option | Buy Transaction | 1 | 4.0000 USD | American | 2026-Jan-16 | 0.4500 USD |
| Common | Call Option | Buy Transaction | 1 | 6.0000 USD | American | 2026-Jan-16 | 0.5600 USD |
| Common | Put Option | Buy Transaction | 7 | 5.0000 USD | American | 2026-Jan-16 | 0.8700 USD |
| Common | Put Option | Buy Transaction | 1 | 5.0000 USD | American | 2026-Jan-16 | 0.8800 USD |
| Common | Call Option | Buy Transaction | 1 | 4.0000 USD | American | 2025-Oct-17 | 1.1000 USD |
| Common | Call Option | Buy Transaction | 1 | 4.0000 USD | American | 2025-Oct-17 | 1.2500 USD |
| Common | Call Option | DVP Transaction | 60 | 5.0000 USD | American | 2025-Jul-18 | 0.1200 USD |
| Common | Call Option | DVP Transaction | 2 | 6.0000 USD | American | 2025-Oct-17 | 0.2700 USD |
| Common | Call Option | DVP Transaction | 20 | 5.0000 USD | American | 2025-Aug-15 | 0.3300 USD |
| Common | Put Option | DVP Transaction | 1 | 4.0000 USD | American | 2026-Jan-16 | 0.4500 USD |
| Common | Call Option | DVP Transaction | 1 | 6.0000 USD | American | 2026-Jan-16 | 0.5600 USD |
| Common | Call Option | DVP Transaction | 1 | 4.0000 USD | American | 2025-Oct-17 | 1.2500 USD |
| Common | Call Option | RVP Transaction | 60 | 5.0000 USD | American | 2025-Jul-18 | 0.1200 USD |
| Common | Call Option | RVP Transaction | 2 | 6.0000 USD | American | 2025-Oct-17 | 0.2700 USD |
| Common | Call Option | RVP Transaction | 20 | 5.0000 USD | American | 2025-Aug-15 | 0.3300 USD |
| Common | Put Option | RVP Transaction | 1 | 4.0000 USD | American | 2026-Jan-16 | 0.4500 USD |
| Common | Call Option | RVP Transaction | 1 | 6.0000 USD | American | 2026-Jan-16 | 0.5600 USD |
| Common | Call Option | RVP Transaction | 1 | 4.0000 USD | American | 2025-Oct-17 | 1.2500 USD |
| Common | Call Option | Sell Transaction | 24 | 5.0000 USD | American | 2025-Jul-18 | 0.1200 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: | 16 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 | -700 | 7.0 USD
| American
| 18/07/2025
|
| Common | Call Option | Purchased | 600,000 | 6.0 USD
| American
| 18/07/2025
|
| Common | Call Option | Purchased | 3,500 | 5.0 USD
| American
| 15/08/2025
|
| Common | Put Option | Purchased | -201,700 | 4.0 USD
| American
| 16/01/2026
|
| Common | Put Option | Purchased | -7,200 | 3.0 USD
| American
| 18/07/2025
|
| Common | Call Option | Purchased | 1,000 | 3.0 USD
| American
| 15/08/2025
|
| Common | Put Option | Purchased | -200 | 6.0 USD
| American
| 16/01/2026
|
| Common | Put Option | Purchased | -2,400 | 4.0 USD
| American
| 15/08/2025
|
| Common | Call Option | Purchased | 300 | 2.0 USD
| American
| 17/10/2025
|
| Common | Put Option | Purchased | -100 | 7.0 USD
| American
| 17/10/2025
|
| Common | Put Option | Purchased | -12,000 | 3.0 USD
| American
| 15/08/2025
|
| Common | Put Option | Purchased | -11,900 | 4.0 USD
| American
| 18/07/2025
|
| Common | Call Option | Purchased | 10,400 | 5.0 USD
| American
| 16/01/2026
|
| Common | Call Option | Purchased | 700 | 10.0 USD
| American
| 18/07/2025
|
| Common | Put Option | Purchased | -13,100 | 3.0 USD
| American
| 16/01/2026
|
| Common | Put Option | Purchased | -900 | 5.0 USD
| American
| 17/07/2026
|
| Common | Call Option | Purchased | 270,900 | 6.0 USD
| American
| 18/07/2025
|
| Common | Call Option | Purchased | 300 | 15.0 USD
| American
| 16/01/2026
|
| Common | Put Option | Purchased | -700 | 6.0 USD
| American
| 18/07/2025
|
| Common | Call Option | Purchased | 18,300 | 4.0 USD
| American
| 17/10/2025
|
| Common | Put Option | Purchased | -200 | 7.0 USD
| American
| 15/08/2025
|
| Common | Call Option | Purchased | 2,900 | 10.0 USD
| American
| 16/01/2026
|
| Common | Put Option | Purchased | -900 | 5.0 USD
| American
| 17/10/2025
|
| Common | Call Option | Purchased | 2,000 | 3.0 USD
| American
| 18/07/2025
|
| Common | Call Option | Sold | -2,000 | 3.0 USD
| American
| 17/10/2025
|
| Common | Call Option | Sold | -105,500 | 5.0 USD
| American
| 17/10/2025
|
| Common | Call Option | Sold | -1,400 | 3.0 USD
| American
| 16/01/2026
|
| Common | Call Option | Sold | -1,400 | 4.0 USD
| American
| 16/01/2026
|
| Common | Call Option | Sold | -300 | 3.0 USD
| American
| 17/07/2026
|
| Common | Put Option | Sold | 300 | 5.0 USD
| American
| 18/07/2025
|
| Common | Put Option | Sold | 90,700 | 5.0 USD
| American
| 16/01/2026
|
| Common | Call Option | Sold | -36,900 | 5.0 USD
| American
| 17/07/2026
|
| Common | Call Option | Sold | -100 | 2.0 USD
| American
| 17/07/2026
|
| Common | Call Option | Sold | -29,400 | 8.0 USD
| American
| 18/07/2025
|
| Common | Call Option | Sold | -200 | 7.0 USD
| American
| 18/07/2025
|
| Common | Call Option | Sold | -1,400 | 6.0 USD
| American
| 17/10/2025
|
| Common | Call Option | Sold | -117,200 | 7.0 USD
| American
| 16/01/2026
|
| Common | Call Option | Sold | -645,800 | 5.0 USD
| American
| 18/07/2025
|
| Common | Call Option | Sold | -700 | 12.0 USD
| American
| 16/01/2026
|
| Common | Call Option | Sold | -1,100 | 7.0 USD
| American
| 17/07/2026
|
| Common | Put Option | Sold | 2,600 | 3.0 USD
| American
| 17/10/2025
|
| Common | Call Option | Sold | -2,500 | 4.0 USD
| American
| 17/07/2026
|
| Common | Call Option | Sold | -152,500 | 6.0 USD
| American
| 16/01/2026
|
| Common | Call Option | Sold | -2,400 | 10.0 USD
| American
| 17/07/2026
|
| Common | Call Option | Sold | -8,300 | 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: |
|
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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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