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 | 4 September 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: | 1,505,940 | 1.26 | 11,220 | 0.00 |
| (2) Cash-settled derivatives:
| 0 | 0.00 | 0 | 0.00 |
| (3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 239,300 | 0.20 | 648,800 | 0.54 |
|
TOTAL: | 1,745,240 | 1.47 | 660,020 | 0.55 |
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 | 105 | 5.9109 USD |
| Common | Buy Transaction | 1,000 | 5.9119 USD |
| Common | Buy Transaction | 50 | 5.9150 USD |
| Common | Buy Transaction | 423 | 5.9163 USD |
| Common | Buy Transaction | 51 | 5.9167 USD |
| Common | Buy Transaction | 292 | 5.9200 USD |
| Common | Buy Transaction | 20 | 5.9205 USD |
| Common | Buy Transaction | 240 | 5.9207 USD |
| Common | Buy Transaction | 176 | 5.9211 USD |
| Common | Buy Transaction | 66 | 5.9265 USD |
| Common | Buy Transaction | 452 | 5.9282 USD |
| Common | Buy Transaction | 15 | 5.9300 USD |
| Common | Buy Transaction | 730 | 5.9338 USD |
| Common | Buy Transaction | 93 | 5.9351 USD |
| Common | Buy Transaction | 216 | 5.9356 USD |
| Common | Buy Transaction | 1,650 | 5.9384 USD |
| Common | Buy Transaction | 27 | 5.9411 USD |
| Common | Buy Transaction | 635 | 5.9416 USD |
| Common | Buy Transaction | 819 | 5.9435 USD |
| Common | Buy Transaction | 365 | 5.9442 USD |
| Common | Buy Transaction | 1,129 | 5.9461 USD |
| Common | Buy Transaction | 4,705 | 5.9467 USD |
| Common | Buy Transaction | 155 | 5.9470 USD |
| Common | Buy Transaction | 1,612 | 5.9500 USD |
| Common | Buy Transaction | 2 | 5.9500 USD |
| Common | Buy Transaction | 43 | 5.9523 USD |
| Common | Buy Transaction | 9,034 | 5.9557 USD |
| Common | Buy Transaction | 132 | 5.9597 USD |
| Common | Buy Transaction | 100 | 5.9600 USD |
| Common | Buy Transaction | 1,835 | 5.9642 USD |
| Common | Buy Transaction | 1,024 | 5.9658 USD |
| Common | Buy Transaction | 5,808 | 5.9662 USD |
| Common | Buy Transaction | 3 | 5.9667 USD |
| Common | Buy Transaction | 800 | 5.9690 USD |
| Common | Buy Transaction | 6,377 | 5.9700 USD |
| Common | Buy Transaction | 803 | 5.9712 USD |
| Common | Buy Transaction | 603 | 5.9712 USD |
| Common | Buy Transaction | 401 | 5.9726 USD |
| Common | Buy Transaction | 568 | 5.9757 USD |
| Common | Buy Transaction | 1,886 | 5.9761 USD |
| Common | Buy Transaction | 133 | 5.9765 USD |
| Common | Buy Transaction | 17,269 | 5.9770 USD |
| Common | Buy Transaction | 1,875 | 5.9789 USD |
| Common | Buy Transaction | 5,316 | 5.9792 USD |
| Common | Buy Transaction | 20,223 | 5.9800 USD |
| Common | Buy Transaction | 227 | 5.9829 USD |
| Common | Buy Transaction | 2,000 | 5.9845 USD |
| Common | Buy Transaction | 1,630 | 5.9880 USD |
| Common | Buy Transaction | 8,600 | 5.9900 USD |
| Common | Buy Transaction | 18 | 5.9911 USD |
| Common | Buy Transaction | 2,352 | 5.9915 USD |
| Common | Buy Transaction | 1 | 5.9917 USD |
| Common | Buy Transaction | 1,301 | 5.9946 USD |
| Common | Buy Transaction | 1,346 | 5.9973 USD |
| Common | Buy Transaction | 402 | 5.9995 USD |
| Common | Buy Transaction | 33,483 | 6.0000 USD |
| Common | Buy Transaction | 2,800 | 6.0010 USD |
| Common | Buy Transaction | 500 | 6.0020 USD |
| Common | Buy Transaction | 545 | 6.0023 USD |
| Common | Buy Transaction | 300 | 6.0033 USD |
| Common | Buy Transaction | 802 | 6.0050 USD |
| Common | Buy Transaction | 552 | 6.0074 USD |
| Common | Buy Transaction | 600 | 6.0083 USD |
| Common | Buy Transaction | 225 | 6.0089 USD |
| Common | Buy Transaction | 1,047 | 6.0095 USD |
| Common | Buy Transaction | 581 | 6.0100 USD |
| Common | Buy Transaction | 241 | 6.0144 USD |
| Common | Buy Transaction | 900 | 6.0200 USD |
| Common | Buy Transaction | 1,300 | 6.0208 USD |
| Common | Buy Transaction | 2,556 | 6.0225 USD |
| Common | Buy Transaction | 600 | 6.0233 USD |
| Common | Buy Transaction | 400 | 6.0250 USD |
| Common | Buy Transaction | 300 | 6.0267 USD |
| Common | Buy Transaction | 100 | 6.0300 USD |
| Common | Buy Transaction | 406 | 6.0386 USD |
| Common | Buy Transaction | 2,133 | 6.0389 USD |
| Common | Buy Transaction | 147 | 6.0400 USD |
| Common | Buy Transaction | 120 | 6.0420 USD |
| Common | Buy Transaction | 3,335 | 6.0421 USD |
| Common | Buy Transaction | 5,909 | 6.0500 USD |
| Common | Buy Transaction | 30 | 6.0607 USD |
| Common | Buy Transaction | 1,000 | 6.0700 USD |
| Common | Sell Transaction | 2,307 | 5.9000 USD |
| Common | Sell Transaction | 380 | 5.9025 USD |
| Common | Sell Transaction | 240 | 5.9050 USD |
| Common | Sell Transaction | 508 | 5.9100 USD |
| Common | Sell Transaction | 230 | 5.9150 USD |
| Common | Sell Transaction | 900 | 5.9189 USD |
| Common | Sell Transaction | 5,643 | 5.9200 USD |
| Common | Sell Transaction | 4,458 | 5.9234 USD |
| Common | Sell Transaction | 7,019 | 5.9248 USD |
| Common | Sell Transaction | 420 | 5.9250 USD |
| Common | Sell Transaction | 100 | 5.9288 USD |
| Common | Sell Transaction | 3,233 | 5.9300 USD |
| Common | Sell Transaction | 2,837 | 5.9326 USD |
| Common | Sell Transaction | 35,978 | 5.9344 USD |
| Common | Sell Transaction | 1,210 | 5.9348 USD |
| Common | Sell Transaction | 5,200 | 5.9350 USD |
| Common | Sell Transaction | 1,045 | 5.9350 USD |
| Common | Sell Transaction | 8,800 | 5.9358 USD |
| Common | Sell Transaction | 740 | 5.9373 USD |
| Common | Sell Transaction | 800 | 5.9375 USD |
| Common | Sell Transaction | 2,524 | 5.9400 USD |
| Common | Sell Transaction | 18,018 | 5.9401 USD |
| Common | Sell Transaction | 9,633 | 5.9406 USD |
| Common | Sell Transaction | 1,284 | 5.9419 USD |
| Common | Sell Transaction | 5,076 | 5.9425 USD |
| Common | Sell Transaction | 2,133 | 5.9427 USD |
| Common | Sell Transaction | 3,708 | 5.9436 USD |
| Common | Sell Transaction | 2,061 | 5.9436 USD |
| Common | Sell Transaction | 10,245 | 5.9441 USD |
| Common | Sell Transaction | 2,900 | 5.9445 USD |
| Common | Sell Transaction | 719 | 5.9447 USD |
| Common | Sell Transaction | 1,088 | 5.9452 USD |
| Common | Sell Transaction | 43 | 5.9453 USD |
| Common | Sell Transaction | 300 | 5.9467 USD |
| Common | Sell Transaction | 313 | 5.9472 USD |
| Common | Sell Transaction | 13,260 | 5.9475 USD |
| Common | Sell Transaction | 41,136 | 5.9478 USD |
| Common | Sell Transaction | 151 | 5.9483 USD |
| Common | Sell Transaction | 1,736 | 5.9484 USD |
| Common | Sell Transaction | 2,784 | 5.9494 USD |
| Common | Sell Transaction | 300 | 5.9500 USD |
| Common | Sell Transaction | 5,280 | 5.9503 USD |
| Common | Sell Transaction | 4,005 | 5.9515 USD |
| Common | Sell Transaction | 4,075 | 5.9548 USD |
| Common | Sell Transaction | 72 | 5.9568 USD |
| Common | Sell Transaction | 200 | 5.9575 USD |
| Common | Sell Transaction | 2,471 | 5.9588 USD |
| Common | Sell Transaction | 4,100 | 5.9592 USD |
| Common | Sell Transaction | 210 | 5.9600 USD |
| Common | Sell Transaction | 3,114 | 5.9611 USD |
| Common | Sell Transaction | 340 | 5.9635 USD |
| Common | Sell Transaction | 357 | 5.9638 USD |
| Common | Sell Transaction | 43 | 5.9688 USD |
| Common | Sell Transaction | 332 | 5.9689 USD |
| Common | Sell Transaction | 7,160 | 5.9699 USD |
| Common | Sell Transaction | 556 | 5.9700 USD |
| Common | Sell Transaction | 16,200 | 5.9706 USD |
| Common | Sell Transaction | 2,662 | 5.9713 USD |
| Common | Sell Transaction | 4 | 5.9714 USD |
| Common | Sell Transaction | 218 | 5.9721 USD |
| Common | Sell Transaction | 1,800 | 5.9739 USD |
| Common | Sell Transaction | 56 | 5.9739 USD |
| Common | Sell Transaction | 452 | 5.9742 USD |
| Common | Sell Transaction | 1,058 | 5.9742 USD |
| Common | Sell Transaction | 448 | 5.9745 USD |
| Common | Sell Transaction | 2,093 | 5.9750 USD |
| Common | Sell Transaction | 400 | 5.9750 USD |
| Common | Sell Transaction | 21 | 5.9757 USD |
| Common | Sell Transaction | 500 | 5.9760 USD |
| Common | Sell Transaction | 241 | 5.9760 USD |
| Common | Sell Transaction | 31 | 5.9765 USD |
| Common | Sell Transaction | 4 | 5.9775 USD |
| Common | Sell Transaction | 344 | 5.9790 USD |
| Common | Sell Transaction | 28,251 | 5.9800 USD |
| Common | Sell Transaction | 62 | 5.9808 USD |
| Common | Sell Transaction | 248 | 5.9810 USD |
| Common | Sell Transaction | 1 | 5.9820 USD |
| Common | Sell Transaction | 462 | 5.9829 USD |
| Common | Sell Transaction | 947 | 5.9841 USD |
| Common | Sell Transaction | 28 | 5.9846 USD |
| Common | Sell Transaction | 1,410 | 5.9850 USD |
| Common | Sell Transaction | 1,909 | 5.9868 USD |
| Common | Sell Transaction | 341 | 5.9871 USD |
| Common | Sell Transaction | 3,584 | 5.9874 USD |
| Common | Sell Transaction | 170 | 5.9879 USD |
| Common | Sell Transaction | 2,300 | 5.9887 USD |
| Common | Sell Transaction | 462 | 5.9890 USD |
| Common | Sell Transaction | 198 | 5.9894 USD |
| Common | Sell Transaction | 2,341 | 5.9900 USD |
| Common | Sell Transaction | 202 | 5.9905 USD |
| Common | Sell Transaction | 1,181 | 5.9912 USD |
| Common | Sell Transaction | 1,026 | 5.9912 USD |
| Common | Sell Transaction | 1,011 | 5.9922 USD |
| Common | Sell Transaction | 40 | 5.9925 USD |
| Common | Sell Transaction | 400 | 5.9938 USD |
| Common | Sell Transaction | 318 | 5.9942 USD |
| Common | Sell Transaction | 841 | 5.9948 USD |
| Common | Sell Transaction | 17,190 | 5.9950 USD |
| Common | Sell Transaction | 1,684 | 5.9950 USD |
| Common | Sell Transaction | 411 | 5.9950 USD |
| Common | Sell Transaction | 404 | 5.9951 USD |
| Common | Sell Transaction | 986 | 5.9954 USD |
| Common | Sell Transaction | 1,879 | 5.9956 USD |
| Common | Sell Transaction | 310 | 5.9971 USD |
| Common | Sell Transaction | 1,894 | 5.9992 USD |
| Common | Sell Transaction | 2,836 | 6.0000 USD |
| Common | Sell Transaction | 1,200 | 6.0010 USD |
| Common | Sell Transaction | 1,397 | 6.0028 USD |
| Common | Sell Transaction | 782 | 6.0033 USD |
| Common | Sell Transaction | 1,525 | 6.0034 USD |
| Common | Sell Transaction | 1,198 | 6.0050 USD |
| Common | Sell Transaction | 303 | 6.0067 USD |
| Common | Sell Transaction | 563 | 6.0088 USD |
| Common | Sell Transaction | 805 | 6.0100 USD |
| Common | Sell Transaction | 1,300 | 6.0146 USD |
| Common | Sell Transaction | 200 | 6.0150 USD |
| Common | Sell Transaction | 1,000 | 6.0192 USD |
| Common | Sell Transaction | 1 | 6.0200 USD |
| Common | Sell Transaction | 900 | 6.0222 USD |
| Common | Sell Transaction | 200 | 6.0350 USD |
| Common | Sell Transaction | 406 | 6.0386 USD |
| Common | Sell Transaction | 185 | 6.0394 USD |
| Common | Sell Transaction | 300 | 6.0400 USD |
| Common | Sell Transaction | 200 | 6.0450 USD |
| Common | Sell Transaction | 410 | 6.0458 USD |
| Common | Sell Transaction | 940 | 6.0500 USD |
| Common | Sell Transaction | 800 | 6.0550 USD |
| Common | Sell Transaction | 300 | 6.0650 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 | Put Option | Buy Transaction | 1,100 | 5.0000 USD | American | 2026-01-16 | 0.3900 USD |
| Common | Call Option | Buy Transaction | 700 | 7.0000 USD | American | 2026-07-17 | 0.8200 USD |
| Common | Call Option | Buy Transaction | 400 | 6.0000 USD | American | 2026-01-16 | 0.8700 USD |
| Common | Call Option | Buy Transaction | 1,500 | 6.0000 USD | American | 2026-04-17 | 1.0500 USD |
| Common | Call Option | Buy Transaction | 100 | 6.0000 USD | American | 2026-04-17 | 1.0700 USD |
| Common | Call Option | Buy Transaction | 32,100 | 6.0000 USD | American | 2026-04-17 | 1.1000 USD |
| Common | Call Option | Buy Transaction | 200 | 6.0000 USD | American | 2026-04-17 | 1.1100 USD |
| Common | Call Option | Buy Transaction | 900 | 6.0000 USD | American | 2026-04-17 | 1.1200 USD |
| Common | Call Option | Buy Transaction | 1,900 | 6.0000 USD | American | 2026-04-17 | 1.1300 USD |
| Common | Call Option | Buy Transaction | 600 | 6.0000 USD | American | 2026-04-17 | 1.1500 USD |
| Common | Call Option | Buy Transaction | 2,000 | 6.0000 USD | American | 2026-04-17 | 1.2000 USD |
| Common | Call Option | Buy Transaction | 2,200 | 7.0000 USD | American | 2026-12-18 | 1.2000 USD |
| Common | Call Option | Buy Transaction | 800 | 6.0000 USD | American | 2026-04-17 | 1.2100 USD |
| Common | Call Option | Buy Transaction | 5,000 | 7.0000 USD | American | 2026-12-18 | 1.2100 USD |
| Common | Call Option | Buy Transaction | 7,400 | 7.0000 USD | American | 2026-12-18 | 1.2500 USD |
| Common | Call Option | Buy Transaction | 100 | 4.0000 USD | American | 2025-09-19 | 1.9700 USD |
| Common | Call Option | Buy Transaction | 2,000 | 5.0000 USD | American | 2026-07-17 | 3.0400 USD |
| Common | Call Option | Sell Transaction | 100 | 7.0000 USD | American | 2025-10-17 | 0.1500 USD |
| Common | Call Option | Sell Transaction | 100 | 6.0000 USD | American | 2025-09-19 | 0.2600 USD |
| Common | Call Option | Sell Transaction | 100 | 8.0000 USD | American | 2026-01-16 | 0.3000 USD |
| Common | Call Option | Sell Transaction | 1,000 | 6.0000 USD | American | 2025-09-19 | 0.3000 USD |
| Common | Call Option | Sell Transaction | 5,000 | 6.0000 USD | American | 2026-04-17 | 1.0900 USD |
| Common | Call Option | Sell Transaction | 20,800 | 6.0000 USD | American | 2026-04-17 | 1.1000 USD |
| Common | Call Option | Sell Transaction | 200 | 6.0000 USD | American | 2026-04-17 | 1.1500 USD |
| Common | Call Option | Sell Transaction | 100 | 7.0000 USD | American | 2026-12-18 | 1.1500 USD |
| Common | Call Option | Sell Transaction | 6,600 | 6.0000 USD | American | 2026-04-17 | 1.2000 USD |
| Common | Call Option | Sell Transaction | 100 | 4.0000 USD | American | 2025-09-19 | 1.9200 USD |
| Common | Call Option | Sell Transaction | 2,000 | 7.0000 USD | American | 2026-12-18 | 2.4600 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: | 5 September 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 | 7,600 | 6.0 USD
| American
| 19/09/2025
|
| Common | Put Option | Purchased | -17,200 | 3.0 USD
| American
| 16/01/2026
|
| Common | Put Option | Purchased | -10,700 | 5.0 USD
| American
| 17/04/2026
|
| Common | Call Option | Purchased | 17,500 | 7.0 USD
| American
| 17/10/2025
|
| Common | Put Option | Purchased | -400 | 5.0 USD
| American
| 19/09/2025
|
| Common | Put Option | Purchased | -8,200 | 6.0 USD
| American
| 16/01/2026
|
| Common | Call Option | Purchased | 43,500 | 6.0 USD
| American
| 17/10/2025
|
| Common | Call Option | Purchased | 1,300 | 7.0 USD
| American
| 17/04/2026
|
| Common | Call Option | Purchased | 10,500 | 7.0 USD
| American
| 18/12/2026
|
| Common | Call Option | Purchased | 300 | 2.0 USD
| American
| 17/10/2025
|
| Common | Call Option | Purchased | 300 | 3.0 USD
| American
| 17/10/2025
|
| Common | Call Option | Purchased | 100 | 9.0 USD
| American
| 17/04/2026
|
| Common | Put Option | Purchased | -500 | 3.0 USD
| American
| 17/04/2026
|
| Common | Call Option | Purchased | 500 | 8.0 USD
| American
| 16/01/2026
|
| Common | Call Option | Purchased | 3,100 | 10.0 USD
| American
| 16/01/2026
|
| Common | Call Option | Purchased | 15,700 | 4.0 USD
| American
| 17/10/2025
|
| Common | Call Option | Purchased | 1,000 | 8.0 USD
| American
| 17/10/2025
|
| Common | Call Option | Purchased | 42,400 | 6.0 USD
| American
| 16/01/2026
|
| Common | Call Option | Purchased | 1,500 | 5.0 USD
| American
| 19/09/2025
|
| Common | Call Option | Purchased | 800 | 3.0 USD
| American
| 17/07/2026
|
| Common | Put Option | Purchased | -1,200 | 5.0 USD
| American
| 17/07/2026
|
| Common | Put Option | Purchased | -215,700 | 4.0 USD
| American
| 16/01/2026
|
| Common | Call Option | Purchased | 100 | 4.0 USD
| American
| 19/09/2025
|
| Common | Call Option | Purchased | 1,000 | 5.0 USD
| American
| 17/04/2026
|
| Common | Put Option | Sold | 600 | 6.0 USD
| American
| 19/09/2025
|
| Common | Put Option | Sold | 100 | 7.0 USD
| American
| 16/01/2026
|
| Common | Call Option | Sold | -900 | 10.0 USD
| American
| 17/07/2026
|
| Common | Call Option | Sold | -39,400 | 5.0 USD
| American
| 17/07/2026
|
| Common | Call Option | Sold | -300 | 7.0 USD
| American
| 17/07/2026
|
| Common | Call Option | Sold | -100 | 1.0 USD
| American
| 17/07/2026
|
| Common | Call Option | Sold | -128,600 | 5.0 USD
| American
| 17/10/2025
|
| Common | Call Option | Sold | -1,400 | 4.0 USD
| American
| 16/01/2026
|
| Common | Call Option | Sold | -12,500 | 15.0 USD
| American
| 16/01/2026
|
| Common | Call Option | Sold | -6,200 | 12.0 USD
| American
| 16/01/2026
|
| Common | Call Option | Sold | -33,800 | 6.0 USD
| American
| 17/04/2026
|
| Common | Put Option | Sold | 200 | 6.0 USD
| American
| 17/10/2025
|
| Common | Put Option | Sold | 800 | 5.0 USD
| American
| 17/10/2025
|
| Common | Call Option | Sold | -900 | 4.0 USD
| American
| 17/07/2026
|
| Common | Call Option | Sold | -400 | 5.0 USD
| American
| 18/12/2026
|
| Common | Put Option | Sold | 89,800 | 5.0 USD
| American
| 16/01/2026
|
| Common | Call Option | Sold | -114,700 | 7.0 USD
| American
| 16/01/2026
|
| Common | Call Option | Sold | -1,400 | 3.0 USD
| American
| 16/01/2026
|
| Common | Put Option | Sold | 600 | 3.0 USD
| American
| 17/10/2025
|
| Common | Call Option | Sold | -54,300 | 5.0 USD
| American
| 16/01/2026
|
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.
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