REG - Citadel Group American Axle & Mfg. Dowlais Group PLC - Form 8.3 - Dowlais Group Plc

American Axle & Manufacturing HoldingsAnnouncement

25/04/2025 15:15

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RNS Number : 2348G  Citadel Group  25 April 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:                                                      Citadel Group
 (b) Owner or controller of interests and short positions disclosed, if           N/A
 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   DOWLAIS GROUP PLC
 relates:

      Use a separate form for each offeror/offeree
 (d) If an exempt fund manager connected with an offeror/offeree, state this      N/A
 and specify identity of offeror/offeree:
 (e) Date position held/dealing undertaken:                                       24 April 2025

      For an opening position disclosure, state the latest practicable date
 prior to the disclosure
 (f)  In addition to the company in 1(c) above, is the discloser making           YES
 disclosures in respect of any other party to the offer?

                                                                                AMERICAN AXLE  MANUFACTURING HOLDINGS INC
      If it is a cash offer or possible cash offer, state "N/A"

 

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:                                          ISIN GB00BMWRZ071

 Common Stock                                                         1p ordinary
                                                                      Interests       Short positions

                                                                      Number   %      Number     %
 (1) Relevant securities owned and/or controlled:                     731,210  0.05   5,813      0.00
 (2) Cash-settled derivatives:                                        0        0.00   1,272,094  0.09

 (3) Stock-settled derivatives (including options) and agreements to  0        0.00   0          0.00
 purchase/sell:
                                                                      731,210  0.05   1,277,907  0.09

      TOTAL:

 

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   74                    0.5205 GBP
 Common                      Buy Transaction   172                   0.5210 GBP
 Common                      Buy Transaction   114                   0.5220 GBP
 Common                      Buy Transaction   180                   0.5225 GBP
 Common                      Buy Transaction   6,375                 0.5235 GBP
 Common                      Buy Transaction   6,406                 0.5238 GBP
 Common                      Buy Transaction   16,094                0.5245 GBP
 Common                      Buy Transaction   27,576                0.5250 GBP
 Common                      Buy Transaction   63,170                0.5255 GBP
 Common                      Buy Transaction   7,454                 0.5260 GBP
 Common                      Buy Transaction   1,947                 0.5265 GBP
 Common                      Buy Transaction   18,474                0.5270 GBP
 Common                      Buy Transaction   459                   0.5280 GBP
 Common                      Buy Transaction   202                   0.5285 GBP
 Common                      Buy Transaction   3,941                 0.5288 GBP
 Common                      Buy Transaction   3,003                 0.5290 GBP
 Common                      Buy Transaction   2,836                 0.5295 GBP
 Common                      Buy Transaction   52,000                0.5300 GBP
 Common                      Buy Transaction   696                   0.5305 GBP
 Common                      Buy Transaction   1,769                 0.5310 GBP
 Common                      Buy Transaction   2,072                 0.5315 GBP
 Common                      Buy Transaction   27,709                0.5320 GBP
 Common                      Buy Transaction   7,131                 0.5325 GBP
 Common                      Buy Transaction   3,268                 0.5333 GBP
 Common                      Buy Transaction   904                   0.5335 GBP
 Common                      Buy Transaction   28,251                0.5345 GBP
 Common                      Buy Transaction   2,280                 0.5350 GBP
 Common                      Buy Transaction   12,993                0.5355 GBP
 Common                      Buy Transaction   31,474                0.5357 GBP
 Common                      Buy Transaction   16,729                0.5360 GBP
 Common                      Buy Transaction   12,242                0.5365 GBP
 Common                      Buy Transaction   39,480                0.5370 GBP
 Common                      Buy Transaction   1,488                 0.5375 GBP
 Common                      Sell Transaction  492                   0.5215 GBP
 Common                      Sell Transaction  1,717                 0.5230 GBP
 Common                      Sell Transaction  13,100                0.5250 GBP
 Common                      Sell Transaction  50,000                0.5255 GBP
 Common                      Sell Transaction  15,102                0.5265 GBP
 Common                      Sell Transaction  5,049                 0.5290 GBP
 Common                      Sell Transaction  8,892                 0.5300 GBP
 Common                      Sell Transaction  1,825                 0.5310 GBP
 Common                      Sell Transaction  141,604               0.5350 GBP
 Common                      Sell Transaction  1,313                 0.5357 GBP
 Common                      Sell Transaction  17,296                0.5360 GBP
 Common                      Sell Transaction  610                   0.5365 GBP
 Common                      Sell Transaction  3,811                 0.5385 GBP

 

(b)        Cash-settled derivative transactions

 

 Class of relevant security  Product description  Nature of dealing                                                              Number of reference securities  Price per unit

                             e.g. CFD             e.g. opening/closing a long/short position, increasing/reducing a long/short
                                                  position
 Common                      CFD                  Reducing short position                                                        70,066                          0.5279 GBP
 Common                      CFD                  Reducing short position                                                        3,124                           0.5295 GBP
 Common                      CFD                  Reducing short position                                                        18,536                          0.5310 GBP
 Common                      CFD                  Reducing short position                                                        76,435                          0.5323 GBP
 Common                      CFD                  Reducing short position                                                        71,547                          0.5360 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  Type                           Expiry date  Option money paid/ received per unit

                                                                                                                                                                                      e.g. American, European etc.

 

(ii)        Exercise

 

 Class of relevant security  Product description  Exercising/ exercised against  Number of securities  Exercise price per unit

                             e.g. call option

 

(d)        Other dealings (including subscribing for new securities)

 

 Class of relevant security  Nature of dealing               Details  Price per unit (if applicable)

                             e.g. subscription, conversion

 

 

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:  25 April 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
(http://www.thetakeoverpanel.org.uk) .

 

 

 

 

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