REG - Citadel Group Dowlais Group PLC American Axle & Mfg. - Form 8.3 - American Axle & Manufacturing Holdings
Today 15:00
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RNS Number : 1634N Citadel Group 17 June 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: 16 June 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: 1,758,782 1.48 94,505 0.07
(2) Cash-settled derivatives: 506,835 0.42 0 0.00
(3) Stock-settled derivatives (including options) and agreements to 989,500 0.83 1,002,100 0.84
purchase/sell:
3,255,117 2.74 1,096,605 0.92
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 100 4.2600 USD
Common Buy Transaction 19,128 4.2800 USD
Common Buy Transaction 4,989 4.2810 USD
Common Buy Transaction 865 4.2815 USD
Common Buy Transaction 100 4.2819 USD
Common Buy Transaction 1,752 4.2825 USD
Common Buy Transaction 3,751 4.2900 USD
Common Buy Transaction 202 4.2900 USD
Common Buy Transaction 839 4.2905 USD
Common Buy Transaction 800 4.2950 USD
Common Buy Transaction 347 4.2950 USD
Common Buy Transaction 117 4.2950 USD
Common Buy Transaction 255 4.2971 USD
Common Buy Transaction 266 4.2998 USD
Common Buy Transaction 16,018 4.3000 USD
Common Buy Transaction 700 4.3007 USD
Common Buy Transaction 1,011 4.3011 USD
Common Buy Transaction 746 4.3018 USD
Common Buy Transaction 700 4.3036 USD
Common Buy Transaction 111 4.3036 USD
Common Buy Transaction 386 4.3046 USD
Common Buy Transaction 1,390 4.3049 USD
Common Buy Transaction 960 4.3050 USD
Common Buy Transaction 239 4.3050 USD
Common Buy Transaction 517 4.3058 USD
Common Buy Transaction 515 4.3058 USD
Common Buy Transaction 1,471 4.3079 USD
Common Buy Transaction 98 4.3089 USD
Common Buy Transaction 2,725 4.3097 USD
Common Buy Transaction 5,105 4.3100 USD
Common Buy Transaction 1,352 4.3102 USD
Common Buy Transaction 4,300 4.3108 USD
Common Buy Transaction 108 4.3114 USD
Common Buy Transaction 300 4.3117 USD
Common Buy Transaction 2,302 4.3119 USD
Common Buy Transaction 2,845 4.3129 USD
Common Buy Transaction 586 4.3134 USD
Common Buy Transaction 14,089 4.3147 USD
Common Buy Transaction 308 4.3150 USD
Common Buy Transaction 10,702 4.3162 USD
Common Buy Transaction 2,804 4.3168 USD
Common Buy Transaction 2,560 4.3179 USD
Common Buy Transaction 2,332 4.3186 USD
Common Buy Transaction 4,821 4.3187 USD
Common Buy Transaction 102 4.3190 USD
Common Buy Transaction 73,658 4.3200 USD
Common Buy Transaction 1,000 4.3201 USD
Common Buy Transaction 333 4.3223 USD
Common Buy Transaction 651 4.3242 USD
Common Buy Transaction 255 4.3263 USD
Common Buy Transaction 1,093 4.3265 USD
Common Buy Transaction 1,957 4.3273 USD
Common Buy Transaction 7,692 4.3300 USD
Common Buy Transaction 3,712 4.3315 USD
Common Buy Transaction 2,199 4.3322 USD
Common Buy Transaction 110 4.3323 USD
Common Buy Transaction 800 4.3325 USD
Common Buy Transaction 1,300 4.3331 USD
Common Buy Transaction 927 4.3331 USD
Common Buy Transaction 1,462 4.3337 USD
Common Buy Transaction 17 4.3353 USD
Common Buy Transaction 1,210 4.3356 USD
Common Buy Transaction 300 4.3367 USD
Common Buy Transaction 1,209 4.3375 USD
Common Buy Transaction 1,900 4.3384 USD
Common Buy Transaction 8,392 4.3393 USD
Common Buy Transaction 59 4.3393 USD
Common Buy Transaction 1,787 4.3400 USD
Common Buy Transaction 805 4.3402 USD
Common Buy Transaction 1,400 4.3407 USD
Common Buy Transaction 13,261 4.3408 USD
Common Buy Transaction 1,200 4.3408 USD
Common Buy Transaction 1,850 4.3409 USD
Common Buy Transaction 1,253 4.3444 USD
Common Buy Transaction 7,110 4.3450 USD
Common Buy Transaction 15,488 4.3466 USD
Common Buy Transaction 1,413 4.3475 USD
Common Buy Transaction 1,292 4.3482 USD
Common Buy Transaction 1,590 4.3500 USD
Common Buy Transaction 800 4.3513 USD
Common Buy Transaction 43,309 4.3519 USD
Common Buy Transaction 1,800 4.3522 USD
Common Buy Transaction 3,200 4.3547 USD
Common Buy Transaction 375 4.3548 USD
Common Buy Transaction 400 4.3550 USD
Common Buy Transaction 936 4.3600 USD
Common Buy Transaction 10,446 4.3700 USD
Common DVP Transaction 422 4.1100 USD
Common DVP Transaction 686 4.2400 USD
Common DVP Transaction 40 4.2600 USD
Common DVP Transaction 6 4.2700 USD
Common DVP Transaction 193 4.3050 USD
Common DVP Transaction 52,920 4.3200 USD
Common DVP Transaction 1,015 4.3227 USD
Common DVP Transaction 7,315 4.3450 USD
Common DVP Transaction 32,453 4.3608 USD
Common RVP Transaction 422 4.1100 USD
Common RVP Transaction 686 4.2400 USD
Common RVP Transaction 40 4.2600 USD
Common RVP Transaction 6 4.2700 USD
Common RVP Transaction 193 4.3050 USD
Common RVP Transaction 150 4.3181 USD
Common RVP Transaction 52,923 4.3200 USD
Common RVP Transaction 160 4.3248 USD
Common RVP Transaction 710 4.3287 USD
Common RVP Transaction 7,315 4.3450 USD
Common RVP Transaction 33 4.3452 USD
Common RVP Transaction 100 4.3500 USD
Common RVP Transaction 7,575 4.3558 USD
Common RVP Transaction 6,440 4.3565 USD
Common RVP Transaction 2,700 4.3585 USD
Common RVP Transaction 2,439 4.3613 USD
Common RVP Transaction 57 4.3626 USD
Common RVP Transaction 3,646 4.3629 USD
Common RVP Transaction 439 4.3642 USD
Common RVP Transaction 475 4.3643 USD
Common RVP Transaction 800 4.3650 USD
Common RVP Transaction 1,275 4.3657 USD
Common RVP Transaction 3,066 4.3657 USD
Common RVP Transaction 3,400 4.3700 USD
Common Sell Transaction 100 4.2500 USD
Common Sell Transaction 400 4.2800 USD
Common Sell Transaction 255 4.2843 USD
Common Sell Transaction 1,310 4.2900 USD
Common Sell Transaction 627 4.2909 USD
Common Sell Transaction 1,208 4.2936 USD
Common Sell Transaction 1,146 4.2948 USD
Common Sell Transaction 673 4.2980 USD
Common Sell Transaction 1,027 4.2987 USD
Common Sell Transaction 840 4.2993 USD
Common Sell Transaction 4,131 4.2997 USD
Common Sell Transaction 2,594 4.2999 USD
Common Sell Transaction 905 4.3000 USD
Common Sell Transaction 147 4.3016 USD
Common Sell Transaction 916 4.3021 USD
Common Sell Transaction 34 4.3028 USD
Common Sell Transaction 600 4.3033 USD
Common Sell Transaction 4,312 4.3039 USD
Common Sell Transaction 918 4.3052 USD
Common Sell Transaction 107 4.3052 USD
Common Sell Transaction 1,296 4.3054 USD
Common Sell Transaction 211 4.3055 USD
Common Sell Transaction 4,500 4.3060 USD
Common Sell Transaction 240 4.3064 USD
Common Sell Transaction 247 4.3066 USD
Common Sell Transaction 445 4.3080 USD
Common Sell Transaction 360 4.3083 USD
Common Sell Transaction 180 4.3087 USD
Common Sell Transaction 233 4.3089 USD
Common Sell Transaction 601 4.3090 USD
Common Sell Transaction 644 4.3091 USD
Common Sell Transaction 3,417 4.3100 USD
Common Sell Transaction 5,863 4.3101 USD
Common Sell Transaction 1,413 4.3106 USD
Common Sell Transaction 26,417 4.3120 USD
Common Sell Transaction 1,718 4.3123 USD
Common Sell Transaction 1,213 4.3125 USD
Common Sell Transaction 191 4.3127 USD
Common Sell Transaction 19,801 4.3128 USD
Common Sell Transaction 1,746 4.3134 USD
Common Sell Transaction 3,005 4.3137 USD
Common Sell Transaction 800 4.3137 USD
Common Sell Transaction 1,200 4.3142 USD
Common Sell Transaction 1,654 4.3142 USD
Common Sell Transaction 185 4.3142 USD
Common Sell Transaction 6,641 4.3143 USD
Common Sell Transaction 8,489 4.3145 USD
Common Sell Transaction 4,800 4.3150 USD
Common Sell Transaction 1,026 4.3161 USD
Common Sell Transaction 595 4.3165 USD
Common Sell Transaction 200 4.3170 USD
Common Sell Transaction 69 4.3188 USD
Common Sell Transaction 2,367 4.3190 USD
Common Sell Transaction 159 4.3191 USD
Common Sell Transaction 94 4.3195 USD
Common Sell Transaction 239 4.3200 USD
Common Sell Transaction 83,729 4.3200 USD
Common Sell Transaction 78 4.3201 USD
Common Sell Transaction 143 4.3220 USD
Common Sell Transaction 1,300 4.3235 USD
Common Sell Transaction 727 4.3235 USD
Common Sell Transaction 500 4.3260 USD
Common Sell Transaction 462 4.3269 USD
Common Sell Transaction 5,062 4.3271 USD
Common Sell Transaction 400 4.3275 USD
Common Sell Transaction 1,028 4.3275 USD
Common Sell Transaction 81 4.3277 USD
Common Sell Transaction 1,100 4.3277 USD
Common Sell Transaction 1,000 4.3299 USD
Common Sell Transaction 10,105 4.3300 USD
Common Sell Transaction 5,655 4.3330 USD
Common Sell Transaction 60 4.3333 USD
Common Sell Transaction 401 4.3349 USD
Common Sell Transaction 1,676 4.3350 USD
Common Sell Transaction 55,086 4.3353 USD
Common Sell Transaction 796 4.3356 USD
Common Sell Transaction 500 4.3360 USD
Common Sell Transaction 656 4.3368 USD
Common Sell Transaction 700 4.3386 USD
Common Sell Transaction 4,339 4.3388 USD
Common Sell Transaction 1,019 4.3388 USD
Common Sell Transaction 2,001 4.3390 USD
Common Sell Transaction 13,200 4.3398 USD
Common Sell Transaction 3,107 4.3400 USD
Common Sell Transaction 69 4.3417 USD
Common Sell Transaction 570 4.3426 USD
Common Sell Transaction 700 4.3429 USD
Common Sell Transaction 1,291 4.3439 USD
Common Sell Transaction 500 4.3440 USD
Common Sell Transaction 8,487 4.3450 USD
Common Sell Transaction 135 4.3450 USD
Common Sell Transaction 42 4.3452 USD
Common Sell Transaction 33 4.3467 USD
Common Sell Transaction 534 4.3470 USD
Common Sell Transaction 828 4.3500 USD
Common Sell Transaction 108 4.3515 USD
Common Sell Transaction 1,193 4.3522 USD
Common Sell Transaction 400 4.3525 USD
Common Sell Transaction 362 4.3529 USD
Common Sell Transaction 531 4.3568 USD
Common Sell Transaction 6,086 4.3574 USD
Common Sell Transaction 2,200 4.3582 USD
Common Sell Transaction 110 4.3586 USD
Common Sell Transaction 2,923 4.3587 USD
Common Sell Transaction 900 4.3600 USD
Common Sell Transaction 101 4.3692 USD
Common Sell Transaction 536 4.3700 USD
Common Sell Transaction 8,042 4.3768 USD
Common Sell Transaction 496 4.3790 USD
Common Sell Transaction 156 4.3800 USD
Common Sell Transaction 200 4.3900 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 11,678 4.3088 USD
Common CFD Reducing long position 30 4.3100 USD
Common CFD Reducing long position 25,461 4.3200 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 Put Option Buy Transaction 8 6.0000 USD American 2025-Jul-18 1.7900 USD
Common Call Option DVP Transaction 20 5.0000 USD American 2025-Jun-20 0.0600 USD
Common Call Option DVP Transaction 20 5.0000 USD American 2025-Oct-17 0.4100 USD
Common Put Option DVP Transaction 3 6.0000 USD American 2025-Jul-18 1.7100 USD
Common Put Option DVP Transaction 8 6.0000 USD American 2025-Jul-18 1.7900 USD
Common Call Option RVP Transaction 20 5.0000 USD American 2025-Jun-20 0.0600 USD
Common Call Option RVP Transaction 20 5.0000 USD American 2025-Oct-17 0.4100 USD
Common Put Option RVP Transaction 3 6.0000 USD American 2025-Jul-18 1.7100 USD
Common Put Option RVP Transaction 8 6.0000 USD American 2025-Jul-18 1.7900 USD
Common Put Option Sell Transaction 3 6.0000 USD American 2025-Jul-18 1.7100 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: 17 June 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 1,000 3.0 USD American 18/07/2025
Common Call Option Purchased 300 2.0 USD American 17/10/2025
Common Put Option Purchased -6,300 5.0 USD American 20/06/2025
Common Call Option Purchased 2,600 10.0 USD American 16/01/2026
Common Put Option Purchased -8,500 5.0 USD American 16/01/2026
Common Call Option Purchased 2,000 7.0 USD American 20/06/2025
Common Call Option Purchased 200 6.0 USD American 17/10/2025
Common Put Option Purchased -1,600 4.0 USD American 16/01/2026
Common Call Option Purchased 900 6.0 USD American 20/06/2025
Common Put Option Purchased -13,000 3.0 USD American 16/01/2026
Common Call Option Purchased 14,000 4.0 USD American 17/10/2025
Common Put Option Purchased -6,000 4.0 USD American 18/07/2025
Common Call Option Purchased 255,900 6.0 USD American 18/07/2025
Common Put Option Purchased -900 5.0 USD American 17/07/2026
Common Put Option Purchased -700 7.0 USD American 18/07/2025
Common Put Option Purchased -8,100 4.0 USD American 20/06/2025
Common Put Option Purchased -200 6.0 USD American 16/01/2026
Common Call Option Purchased 600,000 6.0 USD American 18/07/2025
Common Put Option Purchased -7,200 3.0 USD American 18/07/2025
Common Call Option Purchased 9,200 5.0 USD American 16/01/2026
Common Put Option Purchased -500 6.0 USD American 18/07/2025
Common Put Option Purchased -300 5.0 USD American 17/10/2025
Common Call Option Purchased 300 15.0 USD American 16/01/2026
Common Call Option Purchased 200 8.0 USD American 20/06/2025
Common Call Option Purchased 700 10.0 USD American 18/07/2025
Common Put Option Purchased -100 7.0 USD American 17/10/2025
Common Put Option Sold 100 3.0 USD American 20/06/2025
Common Call Option Sold -200 3.0 USD American 20/06/2025
Common Call Option Sold -29,400 8.0 USD American 18/07/2025
Common Put Option Sold 3,100 3.0 USD American 17/10/2025
Common Call Option Sold -2,400 10.0 USD American 17/07/2026
Common Call Option Sold -500 4.0 USD American 16/01/2026
Common Call Option Sold -96,400 5.0 USD American 17/10/2025
Common Call Option Sold -1,100 7.0 USD American 17/07/2026
Common Put Option Sold 100 5.0 USD American 18/07/2025
Common Call Option Sold -643,700 5.0 USD American 18/07/2025
Common Call Option Sold -800 12.0 USD American 16/01/2026
Common Call Option Sold -36,000 5.0 USD American 17/07/2026
Common Call Option Sold -300 4.0 USD American 20/06/2025
Common Call Option Sold -200 7.0 USD American 18/07/2025
Common Call Option Sold -3,500 5.0 USD American 20/06/2025
Common Call Option Sold -1,400 3.0 USD American 16/01/2026
Common Call Option Sold -100 2.0 USD American 17/07/2026
Common Call Option Sold -9,700 4.0 USD American 18/07/2025
Common Call Option Sold -117,900 7.0 USD American 16/01/2026
Common Call Option Sold -2,000 3.0 USD American 17/10/2025
Common Call Option Sold -2,500 4.0 USD American 17/07/2026
Common Call Option Sold -300 3.0 USD American 17/07/2026
Common Call Option Sold -300 6.0 USD American 16/01/2026
Common Put Option Sold 98,900 8.0 USD American 20/06/2025
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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