REG - Citadel Group Dowlais Group PLC American Axle & Mfg. - Form 8.3 - American Axle & Manufacturing Holdings
Wed 15:00
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RNS Number : 8507G Citadel Group 30 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: 29 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: 734,215 0.62 64,800 0.05
(2) Cash-settled derivatives: 25,891 0.02 0 0.00
(3) Stock-settled derivatives (including options) and agreements to 2,120,800 1.79 382,500 0.32
purchase/sell:
2,880,906 2.43 447,300 0.37
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 500 3.6990 USD
Common Buy Transaction 2,437 3.7000 USD
Common Buy Transaction 300 3.7033 USD
Common Buy Transaction 100 3.7050 USD
Common Buy Transaction 6,115 3.7100 USD
Common Buy Transaction 10 3.7150 USD
Common Buy Transaction 300 3.7167 USD
Common Buy Transaction 228 3.7188 USD
Common Buy Transaction 1,186 3.7200 USD
Common Buy Transaction 210 3.7214 USD
Common Buy Transaction 541 3.7300 USD
Common Buy Transaction 17 3.7347 USD
Common Buy Transaction 200 3.7350 USD
Common Buy Transaction 85 3.7351 USD
Common Buy Transaction 115 3.7357 USD
Common Buy Transaction 499 3.7381 USD
Common Buy Transaction 413 3.7400 USD
Common Buy Transaction 203 3.7400 USD
Common Buy Transaction 317 3.7402 USD
Common Buy Transaction 1,119 3.7465 USD
Common Buy Transaction 2,511 3.7500 USD
Common Buy Transaction 1,457 3.7514 USD
Common Buy Transaction 618 3.7546 USD
Common Buy Transaction 858 3.7557 USD
Common Buy Transaction 3,452 3.7568 USD
Common Buy Transaction 3,300 3.7570 USD
Common Buy Transaction 930 3.7600 USD
Common Buy Transaction 1,421 3.7636 USD
Common Buy Transaction 400 3.7650 USD
Common Buy Transaction 105 3.7700 USD
Common Buy Transaction 453 3.7736 USD
Common Buy Transaction 3,989 3.7750 USD
Common Buy Transaction 1 3.7757 USD
Common Buy Transaction 1,774 3.7763 USD
Common Buy Transaction 13,291 3.7778 USD
Common Buy Transaction 3,727 3.7781 USD
Common Buy Transaction 119 3.7795 USD
Common Buy Transaction 1,096 3.7823 USD
Common Buy Transaction 68 3.7866 USD
Common Buy Transaction 64 3.7877 USD
Common Buy Transaction 2,326 3.7878 USD
Common Buy Transaction 1,659 3.7879 USD
Common Buy Transaction 287 3.7886 USD
Common Buy Transaction 73,069 3.7956 USD
Common Buy Transaction 7,150 3.7981 USD
Common Buy Transaction 19,530 3.7993 USD
Common Buy Transaction 115 3.7997 USD
Common Buy Transaction 1,055 3.8057 USD
Common Buy Transaction 3,537 3.8097 USD
Common Buy Transaction 442 3.8107 USD
Common Buy Transaction 1,461 3.8123 USD
Common Buy Transaction 421 3.8144 USD
Common Buy Transaction 919 3.8148 USD
Common Buy Transaction 2,500 3.8148 USD
Common Buy Transaction 400 3.8150 USD
Common Buy Transaction 3,509 3.8157 USD
Common Buy Transaction 2,931 3.8167 USD
Common Buy Transaction 4,925 3.8200 USD
Common Buy Transaction 2 3.8206 USD
Common Buy Transaction 1,738 3.8208 USD
Common Buy Transaction 7,175 3.8239 USD
Common Buy Transaction 5,782 3.8241 USD
Common Buy Transaction 1,319 3.8268 USD
Common Buy Transaction 6,522 3.8281 USD
Common Buy Transaction 78 3.8291 USD
Common Buy Transaction 4,612 3.8299 USD
Common Buy Transaction 1,052 3.8300 USD
Common Buy Transaction 440 3.8300 USD
Common Buy Transaction 134 3.8303 USD
Common Buy Transaction 23 3.8304 USD
Common Buy Transaction 9,252 3.8305 USD
Common Buy Transaction 1,800 3.8306 USD
Common Buy Transaction 11 3.8309 USD
Common Buy Transaction 3,175 3.8314 USD
Common Buy Transaction 1,100 3.8327 USD
Common Buy Transaction 1,648 3.8333 USD
Common Buy Transaction 25,207 3.8341 USD
Common Buy Transaction 1,700 3.8341 USD
Common Buy Transaction 111 3.8346 USD
Common Buy Transaction 400 3.8350 USD
Common Buy Transaction 3,642 3.8369 USD
Common Buy Transaction 400 3.8375 USD
Common Buy Transaction 600 3.8383 USD
Common Buy Transaction 39,941 3.8400 USD
Common Buy Transaction 31 3.8410 USD
Common DVP Transaction 1 3.7000 USD
Common DVP Transaction 1 3.7300 USD
Common DVP Transaction 367 3.7500 USD
Common DVP Transaction 2 3.7600 USD
Common DVP Transaction 20 3.8250 USD
Common DVP Transaction 20 3.8275 USD
Common DVP Transaction 11 3.8300 USD
Common DVP Transaction 11 3.8309 USD
Common DVP Transaction 29 3.8338 USD
Common DVP Transaction 16 3.8344 USD
Common DVP Transaction 34,500 3.8400 USD
Common DVP Transaction 41,831 3.8405 USD
Common DVP Transaction 1 3.8500 USD
Common RVP Transaction 1 3.7000 USD
Common RVP Transaction 1 3.7300 USD
Common RVP Transaction 367 3.7500 USD
Common RVP Transaction 2 3.7600 USD
Common RVP Transaction 400 3.8200 USD
Common RVP Transaction 1,452 3.8294 USD
Common RVP Transaction 1,001 3.8300 USD
Common RVP Transaction 118 3.8313 USD
Common RVP Transaction 503 3.8370 USD
Common RVP Transaction 14,044 3.8377 USD
Common RVP Transaction 4,224 3.8382 USD
Common RVP Transaction 3,095 3.8392 USD
Common RVP Transaction 34,644 3.8400 USD
Common RVP Transaction 700 3.8407 USD
Common RVP Transaction 2,000 3.8418 USD
Common RVP Transaction 400 3.8438 USD
Common RVP Transaction 3,384 3.8449 USD
Common RVP Transaction 721 3.8449 USD
Common RVP Transaction 3,430 3.8461 USD
Common RVP Transaction 605 3.8475 USD
Common RVP Transaction 4,790 3.8477 USD
Common RVP Transaction 928 3.8500 USD
Common Sell Transaction 189 3.6900 USD
Common Sell Transaction 435 3.7000 USD
Common Sell Transaction 818 3.7014 USD
Common Sell Transaction 376 3.7100 USD
Common Sell Transaction 710 3.7121 USD
Common Sell Transaction 1,190 3.7191 USD
Common Sell Transaction 23,812 3.7300 USD
Common Sell Transaction 553 3.7343 USD
Common Sell Transaction 1,711 3.7383 USD
Common Sell Transaction 305 3.7401 USD
Common Sell Transaction 8 3.7437 USD
Common Sell Transaction 3,500 3.7449 USD
Common Sell Transaction 7,000 3.7451 USD
Common Sell Transaction 258 3.7500 USD
Common Sell Transaction 18,248 3.7552 USD
Common Sell Transaction 2,965 3.7633 USD
Common Sell Transaction 4 3.7700 USD
Common Sell Transaction 600 3.7750 USD
Common Sell Transaction 27 3.7752 USD
Common Sell Transaction 1,000 3.7770 USD
Common Sell Transaction 13,005 3.7776 USD
Common Sell Transaction 1,000 3.7790 USD
Common Sell Transaction 1,500 3.7807 USD
Common Sell Transaction 718 3.7813 USD
Common Sell Transaction 240 3.7850 USD
Common Sell Transaction 301 3.7869 USD
Common Sell Transaction 1,436 3.7871 USD
Common Sell Transaction 1,000 3.7880 USD
Common Sell Transaction 11 3.7891 USD
Common Sell Transaction 3,099 3.7893 USD
Common Sell Transaction 408 3.7930 USD
Common Sell Transaction 69 3.7939 USD
Common Sell Transaction 689 3.7995 USD
Common Sell Transaction 2,966 3.8005 USD
Common Sell Transaction 600 3.8008 USD
Common Sell Transaction 691 3.8021 USD
Common Sell Transaction 1,500 3.8040 USD
Common Sell Transaction 3,000 3.8053 USD
Common Sell Transaction 1,700 3.8088 USD
Common Sell Transaction 3,676 3.8091 USD
Common Sell Transaction 2,897 3.8091 USD
Common Sell Transaction 829 3.8100 USD
Common Sell Transaction 1,439 3.8103 USD
Common Sell Transaction 19,561 3.8108 USD
Common Sell Transaction 7,742 3.8121 USD
Common Sell Transaction 46,094 3.8131 USD
Common Sell Transaction 26,809 3.8134 USD
Common Sell Transaction 2,400 3.8138 USD
Common Sell Transaction 1,025 3.8145 USD
Common Sell Transaction 3,176 3.8156 USD
Common Sell Transaction 1,200 3.8167 USD
Common Sell Transaction 601 3.8183 USD
Common Sell Transaction 13 3.8192 USD
Common Sell Transaction 1,168 3.8197 USD
Common Sell Transaction 6,405 3.8199 USD
Common Sell Transaction 2,288 3.8200 USD
Common Sell Transaction 2,234 3.8211 USD
Common Sell Transaction 2,350 3.8211 USD
Common Sell Transaction 600 3.8217 USD
Common Sell Transaction 1,645 3.8218 USD
Common Sell Transaction 1,082 3.8222 USD
Common Sell Transaction 6,700 3.8229 USD
Common Sell Transaction 5,190 3.8230 USD
Common Sell Transaction 2,200 3.8245 USD
Common Sell Transaction 1,162 3.8246 USD
Common Sell Transaction 1,600 3.8247 USD
Common Sell Transaction 3,956 3.8250 USD
Common Sell Transaction 7,520 3.8270 USD
Common Sell Transaction 243 3.8286 USD
Common Sell Transaction 408 3.8290 USD
Common Sell Transaction 382 3.8290 USD
Common Sell Transaction 1,368 3.8294 USD
Common Sell Transaction 1,153 3.8300 USD
Common Sell Transaction 3,179 3.8304 USD
Common Sell Transaction 600 3.8333 USD
Common Sell Transaction 1,888 3.8345 USD
Common Sell Transaction 1,000 3.8350 USD
Common Sell Transaction 168 3.8363 USD
Common Sell Transaction 36,691 3.8400 USD
Common Sell Transaction 14,022 3.8421 USD
Common Sell Transaction 1,500 3.8430 USD
Common Sell Transaction 13,454 3.8464 USD
Common Sell Transaction 486 3.8476 USD
Common Sell Transaction 498 3.8499 USD
Common Sell Transaction 12,733 3.8500 USD
Common Sell Transaction 161 3.8562 USD
Common Sell Transaction 2,134 3.8600 USD
Common Sell Transaction 1,500 3.8620 USD
Common Sell Transaction 700 3.8621 USD
Common Sell Transaction 300 3.8650 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 314 3.8341 USD
Common CFD Reducing long position 3,586 3.8341 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 37 5.0000 USD American 2025-Jul-18 0.1000 USD
Common Call Option Buy Transaction 1 5.0000 USD American 2025-Jul-18 0.1200 USD
Common Call Option Buy Transaction 1 3.0000 USD American 2026-Jul-17 1.2000 USD
Common Call Option DVP Transaction 1 5.0000 USD American 2025-Jul-18 0.1200 USD
Common Call Option DVP Transaction 5 4.0000 USD American 2025-May-16 0.2000 USD
Common Call Option RVP Transaction 1 5.0000 USD American 2025-Jul-18 0.1200 USD
Common Call Option RVP Transaction 5 4.0000 USD American 2025-May-16 0.2000 USD
Common Call Option Sell Transaction 2 4.0000 USD American 2025-May-16 0.2000 USD
Common Call Option Sell Transaction 1 3.0000 USD American 2025-May-16 0.8800 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: 30 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 Put Option Purchased -300 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 Put Option Purchased -700 7.0 USD American 18/07/2025
Common Call Option Purchased 7,800 5.0 USD American 16/01/2026
Common Call Option Purchased 2,300 7.0 USD American 20/06/2025
Common Call Option Purchased 3,300 4.0 USD American 16/05/2025
Common Call Option Purchased 5,000 5.0 USD American 20/06/2025
Common Put Option Purchased -8,400 5.0 USD American 16/01/2026
Common Call Option Purchased 700 10.0 USD American 18/07/2025
Common Put Option Purchased -900 5.0 USD American 17/07/2026
Common Put Option Purchased -13,000 3.0 USD American 16/01/2026
Common Call Option Purchased 150,000 4.0 USD American 20/06/2025
Common Put Option Purchased -1,300 5.0 USD American 16/05/2025
Common Call Option Purchased 800 5.0 USD American 17/10/2025
Common Call Option Purchased 300 8.0 USD American 20/06/2025
Common Put Option Purchased -5,400 4.0 USD American 18/07/2025
Common Put Option Purchased -4,300 4.0 USD American 20/06/2025
Common Call Option Purchased 500 3.0 USD American 16/05/2025
Common Call Option Purchased 600,000 6.0 USD American 18/07/2025
Common Call Option Purchased 900 3.0 USD American 18/07/2025
Common Put Option Purchased -400 4.0 USD American 16/05/2025
Common Call Option Purchased 2,500 10.0 USD American 16/01/2026
Common Call Option Purchased 800 5.0 USD American 16/05/2025
Common Call Option Purchased 245,600 6.0 USD American 18/07/2025
Common Put Option Purchased -1,400 4.0 USD American 16/01/2026
Common Call Option Purchased 200 6.0 USD American 17/10/2025
Common Call Option Purchased 1,000,000 5.0 USD American 20/06/2025
Common Call Option Sold -100 7.0 USD American 17/10/2025
Common Call Option Sold -800 12.0 USD American 16/01/2026
Common Call Option Sold -400 3.0 USD American 17/07/2026
Common Call Option Sold -500 4.0 USD American 16/01/2026
Common Call Option Sold -29,400 8.0 USD American 18/07/2025
Common Call Option Sold -9,100 4.0 USD American 17/10/2025
Common Call Option Sold -3,400 10.0 USD American 17/07/2026
Common Call Option Sold -1,400 3.0 USD American 16/01/2026
Common Call Option Sold -2,500 4.0 USD American 17/07/2026
Common Call Option Sold -200 15.0 USD American 16/01/2026
Common Call Option Sold -200 3.0 USD American 20/06/2025
Common Call Option Sold -2,000 6.0 USD American 20/06/2025
Common Call Option Sold -118,400 7.0 USD American 16/01/2026
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 Call Option Sold -9,500 4.0 USD American 18/07/2025
Common Call Option Sold -2,800 4.0 USD American 20/06/2025
Common Put Option Sold 200 5.0 USD American 18/07/2025
Common Call Option Sold -127,400 5.0 USD American 18/07/2025
Common Call Option Sold -200 7.0 USD American 18/07/2025
Common Call Option Sold -36,100 5.0 USD American 17/07/2026
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
(http://www.thetakeoverpanel.org.uk) .
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