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

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RNS Number : 2339G  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   AMERICAN AXLE  MANUFACTURING HOLDINGS INC
 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?

                                                                                DOWLAIS GROUP PLC
      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 US0240611030

 Common Stock                                                         USD 0.01 common
                                                                      Interests         Short positions

                                                                      Number     %      Number    %
 (1) Relevant securities owned and/or controlled:                     768,524    0.64   31,942    0.02
 (2) Cash-settled derivatives:                                        38,799     0.03   0         0.00

 (3) Stock-settled derivatives (including options) and agreements to  2,121,800  1.79   564,800   0.47
 purchase/sell:
                                                                      2,929,123  2.47   596,742   0.50

      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   800                   3.3900 USD
 Common                      Buy Transaction   400                   3.4000 USD
 Common                      Buy Transaction   121                   3.4217 USD
 Common                      Buy Transaction   300                   3.4533 USD
 Common                      Buy Transaction   312                   3.4540 USD
 Common                      Buy Transaction   400                   3.4575 USD
 Common                      Buy Transaction   350                   3.4600 USD
 Common                      Buy Transaction   205                   3.4602 USD
 Common                      Buy Transaction   612                   3.4628 USD
 Common                      Buy Transaction   1,700                 3.4629 USD
 Common                      Buy Transaction   200                   3.4650 USD
 Common                      Buy Transaction   1,559                 3.4652 USD
 Common                      Buy Transaction   300                   3.4667 USD
 Common                      Buy Transaction   92                    3.4668 USD
 Common                      Buy Transaction   252                   3.4700 USD
 Common                      Buy Transaction   601                   3.4703 USD
 Common                      Buy Transaction   1,613                 3.4752 USD
 Common                      Buy Transaction   775                   3.4757 USD
 Common                      Buy Transaction   1                     3.4786 USD
 Common                      Buy Transaction   100                   3.4800 USD
 Common                      Buy Transaction   306                   3.4815 USD
 Common                      Buy Transaction   100                   3.4825 USD
 Common                      Buy Transaction   415                   3.4845 USD
 Common                      Buy Transaction   145                   3.4894 USD
 Common                      Buy Transaction   1,082                 3.4900 USD
 Common                      Buy Transaction   312                   3.4910 USD
 Common                      Buy Transaction   1,000                 3.4930 USD
 Common                      Buy Transaction   3,927                 3.4965 USD
 Common                      Buy Transaction   12                    3.4983 USD
 Common                      Buy Transaction   2,309                 3.4984 USD
 Common                      Buy Transaction   5,013                 3.4999 USD
 Common                      Buy Transaction   191                   3.5000 USD
 Common                      Buy Transaction   1,260                 3.5009 USD
 Common                      Buy Transaction   1,729                 3.5023 USD
 Common                      Buy Transaction   1,534                 3.5055 USD
 Common                      Buy Transaction   15,022                3.5073 USD
 Common                      Buy Transaction   6                     3.5100 USD
 Common                      Buy Transaction   1,535                 3.5102 USD
 Common                      Buy Transaction   1,886                 3.5150 USD
 Common                      Buy Transaction   54                    3.5167 USD
 Common                      Buy Transaction   200                   3.5200 USD
 Common                      Buy Transaction   4,887                 3.5206 USD
 Common                      Buy Transaction   978                   3.5249 USD
 Common                      Buy Transaction   58                    3.5300 USD
 Common                      Buy Transaction   7,068                 3.5329 USD
 Common                      Buy Transaction   58,722                3.5331 USD
 Common                      Buy Transaction   3,761                 3.5331 USD
 Common                      Buy Transaction   1,522                 3.5334 USD
 Common                      Buy Transaction   813                   3.5350 USD
 Common                      Buy Transaction   92                    3.5383 USD
 Common                      Buy Transaction   900                   3.5422 USD
 Common                      Buy Transaction   19,594                3.5423 USD
 Common                      Buy Transaction   94                    3.5449 USD
 Common                      Buy Transaction   3,304                 3.5452 USD
 Common                      Buy Transaction   714                   3.5478 USD
 Common                      Buy Transaction   66                    3.5485 USD
 Common                      Buy Transaction   40                    3.5500 USD
 Common                      Buy Transaction   210                   3.5517 USD
 Common                      Buy Transaction   1,500                 3.5547 USD
 Common                      Buy Transaction   71,199                3.5563 USD
 Common                      Buy Transaction   16,664                3.5577 USD
 Common                      Buy Transaction   1,406                 3.5600 USD
 Common                      Buy Transaction   2,795                 3.5602 USD
 Common                      Buy Transaction   7,976                 3.5605 USD
 Common                      Buy Transaction   95,008                3.5611 USD
 Common                      Buy Transaction   5,575                 3.5682 USD
 Common                      Buy Transaction   1,300                 3.5710 USD
 Common                      Buy Transaction   2,266                 3.5809 USD
 Common                      Buy Transaction   2,533                 3.5824 USD
 Common                      Buy Transaction   3,607                 3.5826 USD
 Common                      Buy Transaction   10,040                3.5834 USD
 Common                      Buy Transaction   400                   3.5875 USD
 Common                      Buy Transaction   89                    3.5904 USD
 Common                      Buy Transaction   347                   3.5925 USD
 Common                      Buy Transaction   3,170                 3.5930 USD
 Common                      Buy Transaction   2,711                 3.5940 USD
 Common                      Buy Transaction   2,205                 3.5944 USD
 Common                      Buy Transaction   5,450                 3.5955 USD
 Common                      Buy Transaction   1,501                 3.5964 USD
 Common                      Buy Transaction   7,599                 3.5965 USD
 Common                      Buy Transaction   10,000                3.6010 USD
 Common                      Buy Transaction   2,037                 3.6026 USD
 Common                      Buy Transaction   900                   3.6040 USD
 Common                      Buy Transaction   1,120                 3.6060 USD
 Common                      Buy Transaction   1,856                 3.6071 USD
 Common                      Buy Transaction   28                    3.6100 USD
 Common                      Buy Transaction   1,416                 3.6102 USD
 Common                      Buy Transaction   4,903                 3.6133 USD
 Common                      Buy Transaction   300                   3.6178 USD
 Common                      Buy Transaction   891                   3.6198 USD
 Common                      Buy Transaction   1,813                 3.6201 USD
 Common                      Buy Transaction   1                     3.6211 USD
 Common                      Buy Transaction   1,600                 3.6225 USD
 Common                      Buy Transaction   1,701                 3.6236 USD
 Common                      Buy Transaction   285                   3.6298 USD
 Common                      Buy Transaction   426                   3.6321 USD
 Common                      Buy Transaction   17                    3.6353 USD
 Common                      Buy Transaction   1,250                 3.6396 USD
 Common                      Buy Transaction   2,067                 3.6400 USD
 Common                      Buy Transaction   407                   3.6437 USD
 Common                      Buy Transaction   982                   3.6452 USD
 Common                      Buy Transaction   1                     3.6500 USD
 Common                      Buy Transaction   60                    3.6502 USD
 Common                      Buy Transaction   1,000                 3.6600 USD
 Common                      Buy Transaction   375                   3.6684 USD
 Common                      Buy Transaction   35                    3.6700 USD
 Common                      Buy Transaction   1,185                 3.6814 USD
 Common                      Buy Transaction   3,745                 3.6816 USD
 Common                      Buy Transaction   11,528                3.6900 USD
 Common                      Buy Transaction   133,829               3.7000 USD
 Common                      Buy Transaction   1,100                 3.7064 USD
 Common                      Buy Transaction   2,923                 3.7100 USD
 Common                      DVP Transaction   1,041                 3.3900 USD
 Common                      DVP Transaction   800                   3.4900 USD
 Common                      DVP Transaction   106                   3.5075 USD
 Common                      DVP Transaction   173                   3.5261 USD
 Common                      DVP Transaction   50                    3.5352 USD
 Common                      DVP Transaction   9                     3.5756 USD
 Common                      DVP Transaction   90                    3.6050 USD
 Common                      DVP Transaction   11                    3.6100 USD
 Common                      DVP Transaction   40                    3.6300 USD
 Common                      DVP Transaction   61                    3.6326 USD
 Common                      DVP Transaction   18                    3.6400 USD
 Common                      DVP Transaction   40,407                3.6449 USD
 Common                      DVP Transaction   52                    3.6723 USD
 Common                      DVP Transaction   111,160               3.7000 USD
 Common                      DVP Transaction   11                    3.7027 USD
 Common                      DVP Transaction   3                     3.7100 USD
 Common                      RVP Transaction   1,041                 3.3900 USD
 Common                      RVP Transaction   140                   3.4650 USD
 Common                      RVP Transaction   800                   3.4900 USD
 Common                      RVP Transaction   100                   3.5000 USD
 Common                      RVP Transaction   100                   3.5300 USD
 Common                      RVP Transaction   200                   3.5650 USD
 Common                      RVP Transaction   300                   3.5817 USD
 Common                      RVP Transaction   1,065                 3.5889 USD
 Common                      RVP Transaction   2,122                 3.6036 USD
 Common                      RVP Transaction   1,790                 3.6050 USD
 Common                      RVP Transaction   1,188                 3.6096 USD
 Common                      RVP Transaction   2,618                 3.6142 USD
 Common                      RVP Transaction   1,027                 3.6169 USD
 Common                      RVP Transaction   5,896                 3.6247 USD
 Common                      RVP Transaction   300                   3.6283 USD
 Common                      RVP Transaction   2,677                 3.6300 USD
 Common                      RVP Transaction   40                    3.6300 USD
 Common                      RVP Transaction   6                     3.6317 USD
 Common                      RVP Transaction   248                   3.6431 USD
 Common                      RVP Transaction   235                   3.6489 USD
 Common                      RVP Transaction   858                   3.6493 USD
 Common                      RVP Transaction   2,214                 3.6527 USD
 Common                      RVP Transaction   700                   3.6536 USD
 Common                      RVP Transaction   1,900                 3.6576 USD
 Common                      RVP Transaction   1,159                 3.6593 USD
 Common                      RVP Transaction   1,854                 3.6661 USD
 Common                      RVP Transaction   1,956                 3.6712 USD
 Common                      RVP Transaction   2                     3.6800 USD
 Common                      RVP Transaction   10,336                3.6852 USD
 Common                      RVP Transaction   111,160               3.7000 USD
 Common                      Sell Transaction  200                   3.3900 USD
 Common                      Sell Transaction  100                   3.4400 USD
 Common                      Sell Transaction  598                   3.4417 USD
 Common                      Sell Transaction  1,100                 3.4450 USD
 Common                      Sell Transaction  1,000                 3.4500 USD
 Common                      Sell Transaction  400                   3.4562 USD
 Common                      Sell Transaction  42                    3.4600 USD
 Common                      Sell Transaction  100                   3.4650 USD
 Common                      Sell Transaction  100                   3.4690 USD
 Common                      Sell Transaction  4,900                 3.4700 USD
 Common                      Sell Transaction  3,000                 3.4727 USD
 Common                      Sell Transaction  507                   3.4818 USD
 Common                      Sell Transaction  129                   3.4850 USD
 Common                      Sell Transaction  1,201                 3.4900 USD
 Common                      Sell Transaction  2,134                 3.4906 USD
 Common                      Sell Transaction  3,881                 3.4911 USD
 Common                      Sell Transaction  641                   3.4939 USD
 Common                      Sell Transaction  5,850                 3.5038 USD
 Common                      Sell Transaction  205                   3.5043 USD
 Common                      Sell Transaction  800                   3.5063 USD
 Common                      Sell Transaction  6,009                 3.5093 USD
 Common                      Sell Transaction  13,904                3.5128 USD
 Common                      Sell Transaction  350                   3.5200 USD
 Common                      Sell Transaction  11,096                3.5227 USD
 Common                      Sell Transaction  45,890                3.5255 USD
 Common                      Sell Transaction  2,239                 3.5275 USD
 Common                      Sell Transaction  1,001                 3.5291 USD
 Common                      Sell Transaction  1,639                 3.5337 USD
 Common                      Sell Transaction  2,800                 3.5343 USD
 Common                      Sell Transaction  975                   3.5400 USD
 Common                      Sell Transaction  40                    3.5500 USD
 Common                      Sell Transaction  1,100                 3.5509 USD
 Common                      Sell Transaction  416                   3.5563 USD
 Common                      Sell Transaction  780                   3.5579 USD
 Common                      Sell Transaction  3,396                 3.5591 USD
 Common                      Sell Transaction  1,408                 3.5614 USD
 Common                      Sell Transaction  100                   3.5700 USD
 Common                      Sell Transaction  650                   3.5710 USD
 Common                      Sell Transaction  1,573                 3.5716 USD
 Common                      Sell Transaction  9,534                 3.5735 USD
 Common                      Sell Transaction  2,576                 3.5736 USD
 Common                      Sell Transaction  1,070                 3.5737 USD
 Common                      Sell Transaction  2,931                 3.5789 USD
 Common                      Sell Transaction  665                   3.5790 USD
 Common                      Sell Transaction  1,526                 3.5799 USD
 Common                      Sell Transaction  374                   3.5813 USD
 Common                      Sell Transaction  11,094                3.5818 USD
 Common                      Sell Transaction  1,176                 3.5900 USD
 Common                      Sell Transaction  392                   3.5940 USD
 Common                      Sell Transaction  600                   3.5950 USD
 Common                      Sell Transaction  11,069                3.5953 USD
 Common                      Sell Transaction  5,759                 3.5961 USD
 Common                      Sell Transaction  1,855                 3.6000 USD
 Common                      Sell Transaction  3,000                 3.6047 USD
 Common                      Sell Transaction  743                   3.6082 USD
 Common                      Sell Transaction  10                    3.6090 USD
 Common                      Sell Transaction  166                   3.6121 USD
 Common                      Sell Transaction  2                     3.6127 USD
 Common                      Sell Transaction  2,400                 3.6150 USD
 Common                      Sell Transaction  2,000                 3.6190 USD
 Common                      Sell Transaction  4,405                 3.6190 USD
 Common                      Sell Transaction  833                   3.6192 USD
 Common                      Sell Transaction  101                   3.6200 USD
 Common                      Sell Transaction  800                   3.6225 USD
 Common                      Sell Transaction  900                   3.6250 USD
 Common                      Sell Transaction  6,995                 3.6263 USD
 Common                      Sell Transaction  1,500                 3.6267 USD
 Common                      Sell Transaction  1,200                 3.6275 USD
 Common                      Sell Transaction  1,308                 3.6300 USD
 Common                      Sell Transaction  5,200                 3.6316 USD
 Common                      Sell Transaction  2,200                 3.6327 USD
 Common                      Sell Transaction  50                    3.6346 USD
 Common                      Sell Transaction  387                   3.6375 USD
 Common                      Sell Transaction  30                    3.6390 USD
 Common                      Sell Transaction  52                    3.6573 USD
 Common                      Sell Transaction  2,513                 3.6575 USD
 Common                      Sell Transaction  1,270                 3.6622 USD
 Common                      Sell Transaction  4,530                 3.6645 USD
 Common                      Sell Transaction  5,084                 3.6758 USD
 Common                      Sell Transaction  48                    3.6760 USD
 Common                      Sell Transaction  2,055                 3.6794 USD
 Common                      Sell Transaction  31                    3.6800 USD
 Common                      Sell Transaction  700                   3.6857 USD
 Common                      Sell Transaction  1,000                 3.6880 USD
 Common                      Sell Transaction  900                   3.6912 USD
 Common                      Sell Transaction  6,261                 3.6914 USD
 Common                      Sell Transaction  23,781                3.6991 USD
 Common                      Sell Transaction  126,492               3.7000 USD
 Common                      Sell Transaction  1,226                 3.7008 USD
 Common                      Sell Transaction  5,882                 3.7013 USD
 Common                      Sell Transaction  500                   3.7020 USD
 Common                      Sell Transaction  922                   3.7050 USD
 Common                      Sell Transaction  1,005                 3.7050 USD
 Common                      Sell Transaction  1,658                 3.7094 USD

 

(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 long position                                                         1,507                           3.6325 USD
 Common                      CFD                  Reducing long position                                                         16,593                          3.6329 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                           Expiry date  Option money paid/ received per unit

                                                                                                                                                                                      e.g. American, European etc.
 Common                      Call Option                           Buy Transaction                             3                                             5.0000 USD               American                       2025-Oct-17  0.2000 USD
 Common                      Call Option                           Buy Transaction                             1                                             4.0000 USD               American                       2025-Jul-18  0.2500 USD
 Common                      Call Option                           Buy Transaction                             70                                            5.0000 USD               American                       2026-Jan-16  0.3100 USD
 Common                      Call Option                           DVP Transaction                             2                                             3.0000 USD               American                       2026-Jul-17  1.2000 USD
 Common                      Call Option                           RVP Transaction                             2                                             3.0000 USD               American                       2026-Jul-17  1.2000 USD
 Common                      Call Option                           Sell Transaction                            50                                            4.0000 USD               American                       2025-Jul-18  0.3000 USD
 Common                      Call Option                           Sell Transaction                            9                                             3.0000 USD               American                       2025-May-16  0.6800 USD
 Common                      Call Option                           Sell Transaction                            2                                             3.0000 USD               American                       2025-May-16  0.7000 USD
 Common                      Call Option                           Sell Transaction                            1                                             3.0000 USD               American                       2025-Jul-18  0.8500 USD

 

(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?  YES

 

 

 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) .

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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  AMERICAN AXLE  MANUFACTURING HOLDINGS INC
 disclosure relates:

 

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                           Expiry date

                                                                                                                                                                              e.g. American, European etc.
 Common                      Call Option                           Purchased             300                                                         8.0 USD                  American                       20/06/2025

 Common                      Call Option                           Purchased             2,500                                                       10.0 USD                 American                       16/01/2026

 Common                      Put Option                            Purchased             -5,400                                                      4.0 USD                  American                       18/07/2025

 Common                      Put Option                            Purchased             -13,000                                                     3.0 USD                  American                       16/01/2026

 Common                      Call Option                           Purchased             200                                                         6.0 USD                  American                       17/10/2025

 Common                      Put Option                            Purchased             -104,200                                                    6.0 USD                  American                       20/06/2025

 Common                      Put Option                            Purchased             -700                                                        7.0 USD                  American                       18/07/2025

 Common                      Put Option                            Purchased             -400                                                        4.0 USD                  American                       16/05/2025

 Common                      Call Option                           Purchased             245,600                                                     6.0 USD                  American                       18/07/2025

 Common                      Call Option                           Purchased             1,000,000                                                   5.0 USD                  American                       20/06/2025

 Common                      Put Option                            Purchased             -8,400                                                      5.0 USD                  American                       16/01/2026

 Common                      Call Option                           Purchased             800                                                         5.0 USD                  American                       17/10/2025

 Common                      Put Option                            Purchased             -500                                                        3.0 USD                  American                       16/05/2025

 Common                      Put Option                            Purchased             -1,400                                                      5.0 USD                  American                       20/06/2025

 Common                      Call Option                           Purchased             150,000                                                     4.0 USD                  American                       20/06/2025

 Common                      Put Option                            Purchased             -300                                                        5.0 USD                  American                       17/10/2025

 Common                      Put Option                            Purchased             -4,300                                                      4.0 USD                  American                       20/06/2025

 Common                      Put Option                            Purchased             -99,800                                                     7.0 USD                  American                       20/06/2025

 Common                      Call Option                           Purchased             4,700                                                       4.0 USD                  American                       16/05/2025

 Common                      Put Option                            Purchased             -900                                                        5.0 USD                  American                       17/07/2026

 Common                      Call Option                           Purchased             6,000                                                       5.0 USD                  American                       20/06/2025

 Common                      Call Option                           Purchased             700                                                         10.0 USD                 American                       18/07/2025

 Common                      Call Option                           Purchased             600,000                                                     6.0 USD                  American                       18/07/2025

 Common                      Put Option                            Purchased             -1,400                                                      4.0 USD                  American                       16/01/2026

 Common                      Call Option                           Purchased             800                                                         5.0 USD                  American                       16/05/2025

 Common                      Call Option                           Purchased             2,300                                                       7.0 USD                  American                       20/06/2025

 Common                      Call Option                           Purchased             7,800                                                       5.0 USD                  American                       16/01/2026

 Common                      Call Option                           Sold                  -101,000                                                    5.0 USD                  American                       18/07/2025

 Common                      Call Option                           Sold                  -100                                                        7.0 USD                  American                       17/10/2025

 Common                      Call Option                           Sold                  -200                                                        7.0 USD                  American                       18/07/2025

 Common                      Call Option                           Sold                  -2,800                                                      4.0 USD                  American                       20/06/2025

 Common                      Call Option                           Sold                  -14,400                                                     4.0 USD                  American                       18/07/2025

 Common                      Call Option                           Sold                  -500                                                        3.0 USD                  American                       17/07/2026

 Common                      Call Option                           Sold                  -100                                                        3.0 USD                  American                       17/10/2025

 Common                      Put Option                            Sold                  99,900                                                      8.0 USD                  American                       20/06/2025

 Common                      Put Option                            Sold                  200                                                         5.0 USD                  American                       18/07/2025

 Common                      Call Option                           Sold                  -900                                                        3.0 USD                  American                       16/05/2025

 Common                      Call Option                           Sold                  -9,100                                                      4.0 USD                  American                       17/10/2025

 Common                      Call Option                           Sold                  -200                                                        15.0 USD                 American                       16/01/2026

 Common                      Call Option                           Sold                  -118,400                                                    7.0 USD                  American                       16/01/2026

 Common                      Call Option                           Sold                  -2,000                                                      6.0 USD                  American                       20/06/2025

 Common                      Call Option                           Sold                  -1,400                                                      3.0 USD                  American                       16/01/2026

 Common                      Call Option                           Sold                  -29,400                                                     8.0 USD                  American                       18/07/2025

 Common                      Call Option                           Sold                  -36,100                                                     5.0 USD                  American                       17/07/2026

 Common                      Call Option                           Sold                  -2,500                                                      4.0 USD                  American                       17/07/2026

 Common                      Call Option                           Sold                  -3,400                                                      10.0 USD                 American                       17/07/2026

 Common                      Call Option                           Sold                  -800                                                        12.0 USD                 American                       16/01/2026

 Common                      Call Option                           Sold                  -200                                                        3.0 USD                  American                       20/06/2025

 Common                      Call Option                           Sold                  -500                                                        4.0 USD                  American                       16/01/2026

 Common                      Call Option                           Sold                  -100                                                        3.0 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:

 

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

 

 

 

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