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

American Axle & Manufacturing HoldingsAnnouncement

11/07/2025 15:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250711:nRSK7490Qa&default-theme=true

RNS Number : 7490Q  Citadel Group  11 July 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:                                       10 July 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:                     794,627    0.06   4,317      0.00
 (2) Cash-settled derivatives:                                        1,832,595  0.13   1,009,098  0.07

 (3) Stock-settled derivatives (including options) and agreements to  0          0.00   0          0.00
 purchase/sell:
                                                                      2,627,222  0.19   1,013,415  0.07

      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   2,466                 0.6825 GBP
 Common                      Buy Transaction   1,175                 0.6830 GBP
 Common                      Buy Transaction   6,275                 0.6835 GBP
 Common                      Buy Transaction   9,828                 0.6840 GBP
 Common                      Buy Transaction   4,741                 0.6845 GBP
 Common                      Buy Transaction   2,252                 0.6855 GBP
 Common                      Buy Transaction   13,014                0.6860 GBP
 Common                      Buy Transaction   12,068                0.6865 GBP
 Common                      Buy Transaction   3,810                 0.6870 GBP
 Common                      Buy Transaction   301                   0.6880 GBP
 Common                      Buy Transaction   618                   0.6883 GBP
 Common                      Buy Transaction   26,719                0.6885 GBP
 Common                      Buy Transaction   211                   0.6890 GBP
 Common                      Buy Transaction   31,589                0.6895 GBP
 Common                      Buy Transaction   4,513                 0.6900 GBP
 Common                      Buy Transaction   48,000                0.6905 GBP
 Common                      Buy Transaction   9,542                 0.6910 GBP
 Common                      Buy Transaction   2,721                 0.6913 GBP
 Common                      Buy Transaction   80,806                0.6915 GBP
 Common                      Buy Transaction   28,667                0.6920 GBP
 Common                      Buy Transaction   69,663                0.6925 GBP
 Common                      Buy Transaction   1,790                 0.6930 GBP
 Common                      Buy Transaction   49,148                0.6935 GBP
 Common                      Buy Transaction   27,970                0.6940 GBP
 Common                      Buy Transaction   57,741                0.6950 GBP
 Common                      Buy Transaction   20,270                0.6955 GBP
 Common                      Buy Transaction   31,101                0.6960 GBP
 Common                      Sell Transaction  16                    0.6840 GBP
 Common                      Sell Transaction  56                    0.6845 GBP
 Common                      Sell Transaction  3,193                 0.6860 GBP
 Common                      Sell Transaction  81                    0.6870 GBP
 Common                      Sell Transaction  2,978                 0.6880 GBP
 Common                      Sell Transaction  8,338                 0.6890 GBP
 Common                      Sell Transaction  4,690                 0.6895 GBP
 Common                      Sell Transaction  833                   0.6910 GBP
 Common                      Sell Transaction  15,601                0.6915 GBP
 Common                      Sell Transaction  2,620                 0.6920 GBP
 Common                      Sell Transaction  25                    0.6925 GBP
 Common                      Sell Transaction  31,926                0.6930 GBP
 Common                      Sell Transaction  3,521                 0.6935 GBP
 Common                      Sell Transaction  23,300                0.6940 GBP
 Common                      Sell Transaction  529                   0.6945 GBP
 Common                      Sell Transaction  9,875                 0.6950 GBP
 Common                      Sell Transaction  821                   0.6955 GBP
 Common                      Sell Transaction  103,225               0.6960 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                  Increasing long position                                                       106,930                         0.6920 GBP
 Common                      CFD                  Increasing long position                                                       76,698                          0.6921 GBP
 Common                      CFD                  Increasing long position                                                       15,653                          0.6924 GBP
 Common                      CFD                  Increasing long position                                                       75,868                          0.6960 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:  11 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
(http://www.thetakeoverpanel.org.uk) .

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  RETUARKRVWUBARR