RNS Number : 0655Y
Bank of America Merrill Lynch
04 September 2025
 

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:


Bank Of America Corporation

(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


03/09/2025

(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"


No

 

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:


1,251,094

1.054%

1,036,472

0.873%

(2)

Cash-settled derivatives:


954,584

0.804%

1,132,832

0.955%

(3)

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


0

0.000%

1,000

0.001%

TOTAL:

2,205,678

1.859%

2,170,304

1.829%

 

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

USD 0.01 common

Purchase

59

5.829 USD

USD 0.01 common

Purchase

153

5.83 USD

USD 0.01 common

Purchase

70

5.834 USD

USD 0.01 common

Purchase

37

5.848 USD

USD 0.01 common

Purchase

98

5.85 USD

USD 0.01 common

Purchase

17

5.86 USD

USD 0.01 common

Purchase

30

5.861 USD

USD 0.01 common

Purchase

28

5.867 USD

USD 0.01 common

Purchase

57

5.87 USD

USD 0.01 common

Purchase

59

5.872 USD

USD 0.01 common

Purchase

60

5.873 USD

USD 0.01 common

Purchase

89

5.877 USD

USD 0.01 common

Purchase

37

5.878 USD

USD 0.01 common

Purchase

257

5.88 USD

USD 0.01 common

Purchase

23

5.887 USD

USD 0.01 common

Purchase

36

5.9 USD

USD 0.01 common

Purchase

24

5.906 USD

USD 0.01 common

Purchase

30

5.908 USD

USD 0.01 common

Purchase

17

5.92 USD

USD 0.01 common

Purchase

59

5.923 USD

USD 0.01 common

Purchase

18

5.93 USD

USD 0.01 common

Purchase

18

5.94 USD

USD 0.01 common

Purchase

76

5.945 USD

USD 0.01 common

Purchase

23

5.948 USD

USD 0.01 common

Purchase

110

5.95 USD

USD 0.01 common

Purchase

41

5.952 USD

USD 0.01 common

Purchase

98

5.955 USD

USD 0.01 common

Purchase

56

5.956 USD

USD 0.01 common

Purchase

12

5.957 USD

USD 0.01 common

Purchase

33

5.958 USD

USD 0.01 common

Purchase

27

5.959 USD

USD 0.01 common

Purchase

343

5.96 USD

USD 0.01 common

Purchase

3

5.967 USD

USD 0.01 common

Purchase

145

5.97 USD

USD 0.01 common

Purchase

19

5.98 USD

USD 0.01 common

Purchase

72

5.99 USD

USD 0.01 common

Purchase

54

6 USD

USD 0.01 common

Purchase

36

6.01 USD

USD 0.01 common

Purchase

21

5.965 USD

USD 0.01 common

Purchase

177

5.975 USD

USD 0.01 common

Purchase

50

5.955 USD

USD 0.01 common

Purchase

384

5.96 USD

 

Class of relevant security

Purchase/sale

Number of
securities

Price per unit

USD 0.01 common

Sale

340

5.825 USD

USD 0.01 common

Sale

31

5.829 USD

USD 0.01 common

Sale

212

5.83 USD

USD 0.01 common

Sale

31

5.834 USD

USD 0.01 common

Sale

5

5.836 USD

USD 0.01 common

Sale

208

5.84 USD

USD 0.01 common

Sale

15

5.848 USD

USD 0.01 common

Sale

321

5.85 USD

USD 0.01 common

Sale

16

5.853 USD

USD 0.01 common

Sale

125

5.86 USD

USD 0.01 common

Sale

28

5.865 USD

USD 0.01 common

Sale

14

5.866 USD

USD 0.01 common

Sale

28

5.867 USD

USD 0.01 common

Sale

90

5.87 USD

USD 0.01 common

Sale

24

5.872 USD

USD 0.01 common

Sale

24

5.873 USD

USD 0.01 common

Sale

8

5.875 USD

USD 0.01 common

Sale

33

5.877 USD

USD 0.01 common

Sale

22

5.879 USD

USD 0.01 common

Sale

283

5.88 USD

USD 0.01 common

Sale

14

5.881 USD

USD 0.01 common

Sale

23

5.887 USD

USD 0.01 common

Sale

18

5.89 USD

USD 0.01 common

Sale

2

5.895 USD

USD 0.01 common

Sale

17

5.896 USD

USD 0.01 common

Sale

70

5.9 USD

USD 0.01 common

Sale

24

5.906 USD

USD 0.01 common

Sale

9

5.908 USD

USD 0.01 common

Sale

90

5.91 USD

USD 0.01 common

Sale

22

5.917 USD

USD 0.01 common

Sale

104

5.92 USD

USD 0.01 common

Sale

31

5.923 USD

USD 0.01 common

Sale

130

5.93 USD

USD 0.01 common

Sale

23

5.935 USD

USD 0.01 common

Sale

144

5.94 USD

USD 0.01 common

Sale

38

5.942 USD

USD 0.01 common

Sale

44

5.948 USD

USD 0.01 common

Sale

18

5.949 USD

USD 0.01 common

Sale

18

5.95 USD

USD 0.01 common

Sale

20

5.952 USD

USD 0.01 common

Sale

62,867

5.953 USD

USD 0.01 common

Sale

17

5.954 USD

USD 0.01 common

Sale

19

5.955 USD

USD 0.01 common

Sale

36

5.956 USD

USD 0.01 common

Sale

18

5.959 USD

USD 0.01 common

Sale

537

5.96 USD

USD 0.01 common

Sale

250,000

5.961 USD

USD 0.01 common

Sale

22

5.967 USD

USD 0.01 common

Sale

24

5.968 USD

USD 0.01 common

Sale

143

5.97 USD

USD 0.01 common

Sale

20

5.971 USD

USD 0.01 common

Sale

60

5.974 USD

USD 0.01 common

Sale

20

5.976 USD

USD 0.01 common

Sale

113,039

5.978 USD

USD 0.01 common

Sale

324

5.98 USD

USD 0.01 common

Sale

18

5.982 USD

USD 0.01 common

Sale

17

5.984 USD

USD 0.01 common

Sale

219

5.99 USD

USD 0.01 common

Sale

99

6 USD

USD 0.01 common

Sale

40

6.005 USD

USD 0.01 common

Sale

365

6.01 USD

USD 0.01 common

Sale

43

5.985 USD

USD 0.01 common

Sale

10

5.845 USD

USD 0.01 common

Sale

6

5.88 USD

USD 0.01 common

Sale

4

5.9 USD

USD 0.01 common

Sale

7

5.91 USD

USD 0.01 common

Sale

8

5.92 USD

USD 0.01 common

Sale

3923

5.933225 USD

USD 0.01 common

Sale

54

5.96 USD

USD 0.01 common

Sale

1900

5.976706 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

USD 0.01 common

Swaps - Equity Swaps

Reducing a Short Position

2,215

5.932925 USD

USD 0.01 common

Swaps - Equity Swaps

Reducing a Short Position

1,299

5.932925 USD

USD 0.01 common

Swaps - Equity Swaps

Opening a Long Position

113,039

4.44359999999999 GBP

USD 0.01 common

Swaps - Equity Swaps

Opening a Long Position

62,867

4.42509999999999 GBP

USD 0.01 common

Swaps - Equity Swaps

Opening a Long Position

250,000

4.4347 GBP

USD 0.01 common

Swaps - Equity Swaps

Reducing a Short Position

1,900

5.97640604999999 USD

USD 0.01 common

Swaps - Equity Swaps

Reducing a Short Position

306

5.932925 USD

USD 0.01 common

Swaps - Equity Swaps

Reducing a Short Position

52

5.932925 USD

USD 0.01 common

Swaps - Equity Swaps

Reducing a Short Position

51

5.932925 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

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A


(ii)

Exercise

Class of relevant security

Product description
e.g. call option

Exercising/
exercised
against

Number of
securities

Exercise Price per
unit

N/A

N/A

N/A

N/A

N/A

 

(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)

N/A

N/A

N/A

N/A

 

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:

04/09/2025

Contact name:

Frank Lui

Telephone number:

+44207 996 6418

 

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.

 

 

 

 


 

 

 

 

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:


Bank Of America Corporation

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

USD 0.01 common

Call Equity Options

Short

1,000

6 USD

AMERICAN

17/10/2025











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:

None




 

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
dealing 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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