For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250716:nRSP2881Ra&default-theme=true
RNS Number : 2881R Citadel Group 16 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 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: 15 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?
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: 1,981,998 1.67 0 0.00
(2) Cash-settled derivatives: 602,903 0.50 0 0.00
(3) Stock-settled derivatives (including options) and agreements to 1,003,900 0.84 1,361,100 1.14
purchase/sell:
3,588,801 3.02 1,361,100 1.14
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 80,300 4.7800 USD
Common Buy Transaction 140 4.7886 USD
Common Buy Transaction 11 4.7900 USD
Common Buy Transaction 167 4.7904 USD
Common Buy Transaction 102 4.7912 USD
Common Buy Transaction 800 4.7912 USD
Common Buy Transaction 1,900 4.7921 USD
Common Buy Transaction 9,590 4.7992 USD
Common Buy Transaction 4,848 4.8000 USD
Common Buy Transaction 1 4.8008 USD
Common Buy Transaction 2,700 4.8011 USD
Common Buy Transaction 701 4.8044 USD
Common Buy Transaction 173 4.8050 USD
Common Buy Transaction 204 4.8053 USD
Common Buy Transaction 1,880 4.8060 USD
Common Buy Transaction 300 4.8067 USD
Common Buy Transaction 900 4.8100 USD
Common Buy Transaction 462 4.8110 USD
Common Buy Transaction 2,212 4.8110 USD
Common Buy Transaction 825 4.8127 USD
Common Buy Transaction 1,200 4.8133 USD
Common Buy Transaction 12,522 4.8138 USD
Common Buy Transaction 200 4.8150 USD
Common Buy Transaction 300 4.8167 USD
Common Buy Transaction 626 4.8184 USD
Common Buy Transaction 602 4.8200 USD
Common Buy Transaction 902 4.8224 USD
Common Buy Transaction 277 4.8247 USD
Common Buy Transaction 2 4.8250 USD
Common Buy Transaction 97 4.8251 USD
Common Buy Transaction 1,465 4.8271 USD
Common Buy Transaction 595 4.8272 USD
Common Buy Transaction 3,279 4.8300 USD
Common Buy Transaction 4 4.8325 USD
Common Buy Transaction 2,800 4.8329 USD
Common Buy Transaction 5,378 4.8343 USD
Common Buy Transaction 1,923 4.8371 USD
Common Buy Transaction 600 4.8383 USD
Common Buy Transaction 21,441 4.8400 USD
Common Buy Transaction 1,682 4.8406 USD
Common Buy Transaction 518 4.8408 USD
Common Buy Transaction 599 4.8409 USD
Common Buy Transaction 3,125 4.8420 USD
Common Buy Transaction 746 4.8460 USD
Common Buy Transaction 834 4.8480 USD
Common Buy Transaction 740 4.8500 USD
Common Buy Transaction 17 4.8506 USD
Common Buy Transaction 2,800 4.8514 USD
Common Buy Transaction 10 4.8550 USD
Common Buy Transaction 1,800 4.8556 USD
Common Buy Transaction 6 4.8567 USD
Common Buy Transaction 627 4.8591 USD
Common Buy Transaction 470 4.8591 USD
Common Buy Transaction 203 4.8600 USD
Common Buy Transaction 5,061 4.8605 USD
Common Buy Transaction 192 4.8608 USD
Common Buy Transaction 526 4.8616 USD
Common Buy Transaction 1,800 4.8633 USD
Common Buy Transaction 1,000 4.8640 USD
Common Buy Transaction 2,633 4.8642 USD
Common Buy Transaction 430 4.8651 USD
Common Buy Transaction 409 4.8699 USD
Common Buy Transaction 184 4.8700 USD
Common Buy Transaction 3,865 4.8700 USD
Common Buy Transaction 200 4.8704 USD
Common Buy Transaction 1 4.8708 USD
Common Buy Transaction 2,000 4.8728 USD
Common Buy Transaction 742 4.8742 USD
Common Buy Transaction 1 4.8743 USD
Common Buy Transaction 2,383 4.8743 USD
Common Buy Transaction 887 4.8755 USD
Common Buy Transaction 400 4.8775 USD
Common Buy Transaction 1,001 4.8800 USD
Common Buy Transaction 114 4.8932 USD
Common Buy Transaction 7,358 4.8948 USD
Common Buy Transaction 2,100 4.8982 USD
Common Buy Transaction 100 4.9200 USD
Common Buy Transaction 1,200 4.9250 USD
Common Buy Transaction 1 4.9300 USD
Common Buy Transaction 100 4.9308 USD
Common Buy Transaction 61,971 4.9354 USD
Common Buy Transaction 52 4.9394 USD
Common Buy Transaction 2 4.9500 USD
Common DVP Transaction 176 4.7100 USD
Common DVP Transaction 1 4.7500 USD
Common DVP Transaction 72,729 4.7800 USD
Common DVP Transaction 1 4.7850 USD
Common DVP Transaction 1 4.7900 USD
Common DVP Transaction 287 4.8044 USD
Common DVP Transaction 256 4.8050 USD
Common DVP Transaction 262 4.8100 USD
Common DVP Transaction 93 4.8117 USD
Common DVP Transaction 99 4.8151 USD
Common DVP Transaction 3,794 4.8317 USD
Common DVP Transaction 75 4.8500 USD
Common DVP Transaction 1 4.8700 USD
Common DVP Transaction 3,458 4.8900 USD
Common RVP Transaction 176 4.7100 USD
Common RVP Transaction 1 4.7500 USD
Common RVP Transaction 100 4.7750 USD
Common RVP Transaction 72,725 4.7800 USD
Common RVP Transaction 97 4.7850 USD
Common RVP Transaction 11 4.7855 USD
Common RVP Transaction 1 4.7900 USD
Common RVP Transaction 417 4.7984 USD
Common RVP Transaction 150 4.8033 USD
Common RVP Transaction 100 4.8050 USD
Common RVP Transaction 908 4.8072 USD
Common RVP Transaction 464 4.8147 USD
Common RVP Transaction 110 4.8150 USD
Common RVP Transaction 295 4.8200 USD
Common RVP Transaction 399 4.8250 USD
Common RVP Transaction 204 4.8253 USD
Common RVP Transaction 275 4.8460 USD
Common RVP Transaction 481 4.8475 USD
Common RVP Transaction 205 4.8499 USD
Common RVP Transaction 25 4.8500 USD
Common RVP Transaction 216 4.8544 USD
Common RVP Transaction 1 4.8700 USD
Common RVP Transaction 270 4.8756 USD
Common RVP Transaction 3,458 4.8900 USD
Common RVP Transaction 72 4.9300 USD
Common RVP Transaction 72 4.9500 USD
Common Sell Transaction 76,293 4.7800 USD
Common Sell Transaction 300 4.7900 USD
Common Sell Transaction 3,500 4.7924 USD
Common Sell Transaction 13,000 4.7951 USD
Common Sell Transaction 225 4.7976 USD
Common Sell Transaction 5,903 4.8000 USD
Common Sell Transaction 17 4.8006 USD
Common Sell Transaction 5,778 4.8010 USD
Common Sell Transaction 1,895 4.8037 USD
Common Sell Transaction 21,604 4.8044 USD
Common Sell Transaction 5,846 4.8048 USD
Common Sell Transaction 1,409 4.8049 USD
Common Sell Transaction 1,253 4.8050 USD
Common Sell Transaction 3,999 4.8056 USD
Common Sell Transaction 300 4.8067 USD
Common Sell Transaction 1,800 4.8069 USD
Common Sell Transaction 285 4.8070 USD
Common Sell Transaction 20,501 4.8073 USD
Common Sell Transaction 227 4.8073 USD
Common Sell Transaction 413 4.8076 USD
Common Sell Transaction 149 4.8080 USD
Common Sell Transaction 10,700 4.8098 USD
Common Sell Transaction 15,608 4.8099 USD
Common Sell Transaction 1,273 4.8100 USD
Common Sell Transaction 2,139 4.8112 USD
Common Sell Transaction 400 4.8117 USD
Common Sell Transaction 2,560 4.8119 USD
Common Sell Transaction 6,339 4.8125 USD
Common Sell Transaction 4,346 4.8132 USD
Common Sell Transaction 420 4.8147 USD
Common Sell Transaction 496 4.8150 USD
Common Sell Transaction 3,138 4.8178 USD
Common Sell Transaction 1,648 4.8190 USD
Common Sell Transaction 1,557 4.8193 USD
Common Sell Transaction 300 4.8200 USD
Common Sell Transaction 1,116 4.8211 USD
Common Sell Transaction 1,477 4.8212 USD
Common Sell Transaction 2,499 4.8212 USD
Common Sell Transaction 913 4.8220 USD
Common Sell Transaction 5,635 4.8224 USD
Common Sell Transaction 465 4.8230 USD
Common Sell Transaction 3,193 4.8236 USD
Common Sell Transaction 1,183 4.8240 USD
Common Sell Transaction 1,400 4.8250 USD
Common Sell Transaction 1,719 4.8260 USD
Common Sell Transaction 2,087 4.8262 USD
Common Sell Transaction 1,157 4.8262 USD
Common Sell Transaction 1,100 4.8268 USD
Common Sell Transaction 1,699 4.8285 USD
Common Sell Transaction 1 4.8288 USD
Common Sell Transaction 600 4.8300 USD
Common Sell Transaction 925 4.8325 USD
Common Sell Transaction 1,600 4.8325 USD
Common Sell Transaction 1,164 4.8328 USD
Common Sell Transaction 1,825 4.8340 USD
Common Sell Transaction 4,500 4.8353 USD
Common Sell Transaction 1,506 4.8362 USD
Common Sell Transaction 8 4.8362 USD
Common Sell Transaction 410 4.8363 USD
Common Sell Transaction 2,392 4.8364 USD
Common Sell Transaction 492 4.8378 USD
Common Sell Transaction 728 4.8378 USD
Common Sell Transaction 2,856 4.8384 USD
Common Sell Transaction 2,000 4.8385 USD
Common Sell Transaction 48 4.8400 USD
Common Sell Transaction 799 4.8400 USD
Common Sell Transaction 1,335 4.8405 USD
Common Sell Transaction 1,700 4.8418 USD
Common Sell Transaction 2,604 4.8421 USD
Common Sell Transaction 500 4.8460 USD
Common Sell Transaction 2,499 4.8460 USD
Common Sell Transaction 1,900 4.8463 USD
Common Sell Transaction 452 4.8474 USD
Common Sell Transaction 2,947 4.8483 USD
Common Sell Transaction 6,412 4.8489 USD
Common Sell Transaction 1,408 4.8500 USD
Common Sell Transaction 3,200 4.8527 USD
Common Sell Transaction 1,900 4.8542 USD
Common Sell Transaction 300 4.8550 USD
Common Sell Transaction 1,741 4.8559 USD
Common Sell Transaction 9,586 4.8591 USD
Common Sell Transaction 101 4.8600 USD
Common Sell Transaction 500 4.8620 USD
Common Sell Transaction 1,000 4.8650 USD
Common Sell Transaction 2,375 4.8654 USD
Common Sell Transaction 1,830 4.8680 USD
Common Sell Transaction 5 4.8700 USD
Common Sell Transaction 1,460 4.8713 USD
Common Sell Transaction 1,300 4.8738 USD
Common Sell Transaction 982 4.8744 USD
Common Sell Transaction 1,474 4.8772 USD
Common Sell Transaction 1,005 4.8800 USD
Common Sell Transaction 2 4.8900 USD
Common Sell Transaction 100 4.8994 USD
Common Sell Transaction 6,702 4.8997 USD
Common Sell Transaction 10 4.9080 USD
Common Sell Transaction 582 4.9118 USD
Common Sell Transaction 749 4.9135 USD
Common Sell Transaction 326 4.9299 USD
Common Sell Transaction 61,971 4.9354 USD
Common Sell Transaction 6,451 4.9500 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 1,699 4.8126 USD
Common CFD Reducing long position 3,601 4.8126 USD
Common CFD Increasing long position 8,936 4.8162 USD
Common CFD Increasing long position 70,497 4.8305 USD
Common CFD Increasing long position 1,765 4.8900 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 2 6.0000 USD American 2025-Oct-17 0.2700 USD
Common Call Option Buy Transaction 10 7.0000 USD American 2026-Jan-16 0.3000 USD
Common Call Option Buy Transaction 8 5.0000 USD American 2025-Aug-15 0.3300 USD
Common Put Option Buy Transaction 1 4.0000 USD American 2026-Jan-16 0.4500 USD
Common Call Option Buy Transaction 1 6.0000 USD American 2026-Jan-16 0.5600 USD
Common Put Option Buy Transaction 7 5.0000 USD American 2026-Jan-16 0.8700 USD
Common Put Option Buy Transaction 1 5.0000 USD American 2026-Jan-16 0.8800 USD
Common Call Option Buy Transaction 1 4.0000 USD American 2025-Oct-17 1.1000 USD
Common Call Option Buy Transaction 1 4.0000 USD American 2025-Oct-17 1.2500 USD
Common Call Option DVP Transaction 60 5.0000 USD American 2025-Jul-18 0.1200 USD
Common Call Option DVP Transaction 2 6.0000 USD American 2025-Oct-17 0.2700 USD
Common Call Option DVP Transaction 20 5.0000 USD American 2025-Aug-15 0.3300 USD
Common Put Option DVP Transaction 1 4.0000 USD American 2026-Jan-16 0.4500 USD
Common Call Option DVP Transaction 1 6.0000 USD American 2026-Jan-16 0.5600 USD
Common Call Option DVP Transaction 1 4.0000 USD American 2025-Oct-17 1.2500 USD
Common Call Option RVP Transaction 60 5.0000 USD American 2025-Jul-18 0.1200 USD
Common Call Option RVP Transaction 2 6.0000 USD American 2025-Oct-17 0.2700 USD
Common Call Option RVP Transaction 20 5.0000 USD American 2025-Aug-15 0.3300 USD
Common Put Option RVP Transaction 1 4.0000 USD American 2026-Jan-16 0.4500 USD
Common Call Option RVP Transaction 1 6.0000 USD American 2026-Jan-16 0.5600 USD
Common Call Option RVP Transaction 1 4.0000 USD American 2025-Oct-17 1.2500 USD
Common Call Option Sell Transaction 24 5.0000 USD American 2025-Jul-18 0.1200 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: 16 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) .
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 -700 7.0 USD American 18/07/2025
Common Call Option Purchased 600,000 6.0 USD American 18/07/2025
Common Call Option Purchased 3,500 5.0 USD American 15/08/2025
Common Put Option Purchased -201,700 4.0 USD American 16/01/2026
Common Put Option Purchased -7,200 3.0 USD American 18/07/2025
Common Call Option Purchased 1,000 3.0 USD American 15/08/2025
Common Put Option Purchased -200 6.0 USD American 16/01/2026
Common Put Option Purchased -2,400 4.0 USD American 15/08/2025
Common Call Option Purchased 300 2.0 USD American 17/10/2025
Common Put Option Purchased -100 7.0 USD American 17/10/2025
Common Put Option Purchased -12,000 3.0 USD American 15/08/2025
Common Put Option Purchased -11,900 4.0 USD American 18/07/2025
Common Call Option Purchased 10,400 5.0 USD American 16/01/2026
Common Call Option Purchased 700 10.0 USD American 18/07/2025
Common Put Option Purchased -13,100 3.0 USD American 16/01/2026
Common Put Option Purchased -900 5.0 USD American 17/07/2026
Common Call Option Purchased 270,900 6.0 USD American 18/07/2025
Common Call Option Purchased 300 15.0 USD American 16/01/2026
Common Put Option Purchased -700 6.0 USD American 18/07/2025
Common Call Option Purchased 18,300 4.0 USD American 17/10/2025
Common Put Option Purchased -200 7.0 USD American 15/08/2025
Common Call Option Purchased 2,900 10.0 USD American 16/01/2026
Common Put Option Purchased -900 5.0 USD American 17/10/2025
Common Call Option Purchased 2,000 3.0 USD American 18/07/2025
Common Call Option Sold -2,000 3.0 USD American 17/10/2025
Common Call Option Sold -105,500 5.0 USD American 17/10/2025
Common Call Option Sold -1,400 3.0 USD American 16/01/2026
Common Call Option Sold -1,400 4.0 USD American 16/01/2026
Common Call Option Sold -300 3.0 USD American 17/07/2026
Common Put Option Sold 300 5.0 USD American 18/07/2025
Common Put Option Sold 90,700 5.0 USD American 16/01/2026
Common Call Option Sold -36,900 5.0 USD American 17/07/2026
Common Call Option Sold -100 2.0 USD American 17/07/2026
Common Call Option Sold -29,400 8.0 USD American 18/07/2025
Common Call Option Sold -200 7.0 USD American 18/07/2025
Common Call Option Sold -1,400 6.0 USD American 17/10/2025
Common Call Option Sold -117,200 7.0 USD American 16/01/2026
Common Call Option Sold -645,800 5.0 USD American 18/07/2025
Common Call Option Sold -700 12.0 USD American 16/01/2026
Common Call Option Sold -1,100 7.0 USD American 17/07/2026
Common Put Option Sold 2,600 3.0 USD American 17/10/2025
Common Call Option Sold -2,500 4.0 USD American 17/07/2026
Common Call Option Sold -152,500 6.0 USD American 16/01/2026
Common Call Option Sold -2,400 10.0 USD American 17/07/2026
Common Call Option Sold -8,300 4.0 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) .
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 RETPKABPOBKKPOD
Recent news on American Axle & Manufacturing Holdings