REG - Citadel Group Dowlais Group PLC American Axle & Mfg. - Form 8.3 - American Axle & Manufacturing Holdings
12/09/2025 15:00
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RNS Number : 1952Z Citadel Group 12 September 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: 11 September 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: 1,225,293 1.03 89,666 0.07
(2) Cash-settled derivatives: 0 0.00 0 0.00
(3) Stock-settled derivatives (including options) and agreements to 246,000 0.20 612,600 0.51
purchase/sell:
1,471,293 1.23 702,266 0.59
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 5,200 5.7900 USD
Common Buy Transaction 100 5.9100 USD
Common Buy Transaction 1,400 5.9400 USD
Common Buy Transaction 129 5.9600 USD
Common Buy Transaction 700 5.9629 USD
Common Buy Transaction 816 5.9645 USD
Common Buy Transaction 492 5.9715 USD
Common Buy Transaction 303 5.9800 USD
Common Buy Transaction 1,505 5.9841 USD
Common Buy Transaction 236 5.9842 USD
Common Buy Transaction 1,225 5.9849 USD
Common Buy Transaction 200 5.9900 USD
Common Buy Transaction 16,456 5.9904 USD
Common Buy Transaction 636 5.9908 USD
Common Buy Transaction 6,449 5.9929 USD
Common Buy Transaction 1,338 5.9937 USD
Common Buy Transaction 200 5.9950 USD
Common Buy Transaction 1,883 5.9951 USD
Common Buy Transaction 1,112 5.9954 USD
Common Buy Transaction 1 5.9959 USD
Common Buy Transaction 2,878 5.9965 USD
Common Buy Transaction 55,295 6.0000 USD
Common Buy Transaction 659 6.0022 USD
Common Buy Transaction 1,598 6.0026 USD
Common Buy Transaction 1,566 6.0061 USD
Common Buy Transaction 5,488 6.0108 USD
Common Buy Transaction 1,818 6.0125 USD
Common Buy Transaction 2,300 6.0156 USD
Common Buy Transaction 665 6.0158 USD
Common Buy Transaction 337 6.0163 USD
Common Buy Transaction 1,053 6.0164 USD
Common Buy Transaction 2,251 6.0171 USD
Common Buy Transaction 2,666 6.0200 USD
Common Buy Transaction 1,787 6.0232 USD
Common Buy Transaction 121 6.0239 USD
Common Buy Transaction 322 6.0243 USD
Common Buy Transaction 82 6.0250 USD
Common Buy Transaction 67 6.0251 USD
Common Buy Transaction 7 6.0257 USD
Common Buy Transaction 9,669 6.0258 USD
Common Buy Transaction 11,751 6.0260 USD
Common Buy Transaction 1 6.0262 USD
Common Buy Transaction 1,517 6.0272 USD
Common Buy Transaction 2,477 6.0299 USD
Common Buy Transaction 2,081 6.0300 USD
Common Buy Transaction 300 6.0317 USD
Common Buy Transaction 83 6.0319 USD
Common Buy Transaction 1,174 6.0345 USD
Common Buy Transaction 2,655 6.0350 USD
Common Buy Transaction 40 6.0350 USD
Common Buy Transaction 3,717 6.0352 USD
Common Buy Transaction 1,100 6.0355 USD
Common Buy Transaction 1,000 6.0360 USD
Common Buy Transaction 1,712 6.0361 USD
Common Buy Transaction 65 6.0362 USD
Common Buy Transaction 1,108 6.0379 USD
Common Buy Transaction 4,593 6.0393 USD
Common Buy Transaction 820 6.0400 USD
Common Buy Transaction 730 6.0400 USD
Common Buy Transaction 3,071 6.0402 USD
Common Buy Transaction 224 6.0420 USD
Common Buy Transaction 888 6.0425 USD
Common Buy Transaction 366 6.0445 USD
Common Buy Transaction 310 6.0448 USD
Common Buy Transaction 4,852 6.0467 USD
Common Buy Transaction 1,082 6.0474 USD
Common Buy Transaction 762 6.0485 USD
Common Buy Transaction 46,816 6.0500 USD
Common Buy Transaction 52 6.0508 USD
Common Buy Transaction 1 6.0509 USD
Common Buy Transaction 455 6.0513 USD
Common Buy Transaction 17,101 6.0513 USD
Common Buy Transaction 500 6.0550 USD
Common Buy Transaction 7,219 6.0550 USD
Common Buy Transaction 9 6.0556 USD
Common Buy Transaction 6,954 6.0574 USD
Common Buy Transaction 967 6.0633 USD
Common Buy Transaction 336 6.0644 USD
Common Buy Transaction 7,336 6.0647 USD
Common Buy Transaction 400 6.0700 USD
Common Buy Transaction 332 6.0750 USD
Common Buy Transaction 577 6.0773 USD
Common Buy Transaction 715 6.0777 USD
Common Buy Transaction 3,351 6.0799 USD
Common Buy Transaction 6,654 6.0800 USD
Common Buy Transaction 1,459 6.0849 USD
Common Buy Transaction 1,986 6.0927 USD
Common Buy Transaction 1 6.1300 USD
Common Buy Transaction 2,605 6.1400 USD
Common Sell Transaction 100 5.9100 USD
Common Sell Transaction 1 5.9300 USD
Common Sell Transaction 204 5.9500 USD
Common Sell Transaction 187 5.9600 USD
Common Sell Transaction 20 5.9650 USD
Common Sell Transaction 1,130 5.9700 USD
Common Sell Transaction 229 5.9703 USD
Common Sell Transaction 1,293 5.9747 USD
Common Sell Transaction 8 5.9750 USD
Common Sell Transaction 6,885 5.9800 USD
Common Sell Transaction 780 5.9803 USD
Common Sell Transaction 212 5.9804 USD
Common Sell Transaction 250 5.9818 USD
Common Sell Transaction 5,110 5.9850 USD
Common Sell Transaction 100 5.9881 USD
Common Sell Transaction 1,418 5.9884 USD
Common Sell Transaction 2,911 5.9888 USD
Common Sell Transaction 630 5.9900 USD
Common Sell Transaction 678 5.9907 USD
Common Sell Transaction 1,312 5.9914 USD
Common Sell Transaction 1,418 5.9914 USD
Common Sell Transaction 808 5.9921 USD
Common Sell Transaction 2,253 5.9927 USD
Common Sell Transaction 200 5.9950 USD
Common Sell Transaction 2,435 5.9964 USD
Common Sell Transaction 235 5.9987 USD
Common Sell Transaction 410 5.9995 USD
Common Sell Transaction 140 6.0000 USD
Common Sell Transaction 1,865 6.0026 USD
Common Sell Transaction 5,390 6.0046 USD
Common Sell Transaction 266 6.0092 USD
Common Sell Transaction 15 6.0093 USD
Common Sell Transaction 199 6.0100 USD
Common Sell Transaction 469 6.0140 USD
Common Sell Transaction 97 6.0151 USD
Common Sell Transaction 316 6.0167 USD
Common Sell Transaction 13 6.0185 USD
Common Sell Transaction 478 6.0200 USD
Common Sell Transaction 107 6.0204 USD
Common Sell Transaction 37,245 6.0229 USD
Common Sell Transaction 1 6.0229 USD
Common Sell Transaction 1,312 6.0235 USD
Common Sell Transaction 8,149 6.0237 USD
Common Sell Transaction 972 6.0238 USD
Common Sell Transaction 100 6.0250 USD
Common Sell Transaction 5 6.0260 USD
Common Sell Transaction 1,797 6.0277 USD
Common Sell Transaction 24,141 6.0281 USD
Common Sell Transaction 1,200 6.0292 USD
Common Sell Transaction 261 6.0296 USD
Common Sell Transaction 10,407 6.0300 USD
Common Sell Transaction 1,753 6.0324 USD
Common Sell Transaction 68 6.0329 USD
Common Sell Transaction 10,628 6.0336 USD
Common Sell Transaction 1,767 6.0338 USD
Common Sell Transaction 200 6.0350 USD
Common Sell Transaction 1,225 6.0367 USD
Common Sell Transaction 76 6.0397 USD
Common Sell Transaction 2,824 6.0400 USD
Common Sell Transaction 198 6.0402 USD
Common Sell Transaction 138 6.0431 USD
Common Sell Transaction 3,602 6.0447 USD
Common Sell Transaction 1,671 6.0455 USD
Common Sell Transaction 14,957 6.0458 USD
Common Sell Transaction 1,159 6.0466 USD
Common Sell Transaction 5,812 6.0476 USD
Common Sell Transaction 212 6.0486 USD
Common Sell Transaction 58,931 6.0500 USD
Common Sell Transaction 34,306 6.0512 USD
Common Sell Transaction 164 6.0524 USD
Common Sell Transaction 500 6.0550 USD
Common Sell Transaction 840 6.0551 USD
Common Sell Transaction 8,478 6.0558 USD
Common Sell Transaction 3,368 6.0568 USD
Common Sell Transaction 404 6.0571 USD
Common Sell Transaction 4,742 6.0575 USD
Common Sell Transaction 4,341 6.0584 USD
Common Sell Transaction 3,209 6.0597 USD
Common Sell Transaction 1,402 6.0600 USD
Common Sell Transaction 1,165 6.0601 USD
Common Sell Transaction 126 6.0603 USD
Common Sell Transaction 853 6.0604 USD
Common Sell Transaction 3,101 6.0607 USD
Common Sell Transaction 1,838 6.0614 USD
Common Sell Transaction 2,235 6.0615 USD
Common Sell Transaction 357 6.0625 USD
Common Sell Transaction 1,200 6.0625 USD
Common Sell Transaction 2,041 6.0635 USD
Common Sell Transaction 343 6.0635 USD
Common Sell Transaction 435 6.0645 USD
Common Sell Transaction 2 6.0650 USD
Common Sell Transaction 18,347 6.0678 USD
Common Sell Transaction 249 6.0710 USD
Common Sell Transaction 220 6.0714 USD
Common Sell Transaction 1 6.0743 USD
Common Sell Transaction 3,697 6.0753 USD
Common Sell Transaction 916 6.0790 USD
Common Sell Transaction 345 6.0804 USD
Common Sell Transaction 359 6.0833 USD
Common Sell Transaction 2 6.0850 USD
Common Sell Transaction 29 6.0872 USD
Common Sell Transaction 639 6.0887 USD
Common Sell Transaction 3 6.0900 USD
Common Sell Transaction 1,711 6.0932 USD
Common Sell Transaction 395 6.0976 USD
Common Sell Transaction 2,401 6.1000 USD
Common Sell Transaction 503 6.1036 USD
Common Sell Transaction 200 6.1100 USD
Common Sell Transaction 488 6.1112 USD
Common Sell Transaction 695 6.1114 USD
Common Sell Transaction 990 6.1200 USD
Common Sell Transaction 1,190 6.1238 USD
Common Sell Transaction 500 6.1250 USD
Common Sell Transaction 3,370 6.1254 USD
Common Sell Transaction 2,605 6.1400 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
(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 100 11.0000 USD American 2026-04-17 0.1600 USD
Common Call Option Buy Transaction 100 11.0000 USD American 2026-04-17 0.1700 USD
Common Put Option Buy Transaction 100 5.0000 USD American 2026-04-17 0.4500 USD
Common Call Option Buy Transaction 1,800 6.0000 USD American 2026-01-16 0.7500 USD
Common Call Option Buy Transaction 100 6.0000 USD American 2026-01-16 0.7900 USD
Common Put Option Buy Transaction 800 7.0000 USD American 2026-07-17 1.6500 USD
Common Put Option Sell Transaction 100 5.0000 USD American 2026-04-17 0.3700 USD
Common Call Option Sell Transaction 100 7.0000 USD American 2026-04-17 0.6600 USD
Common Call Option Sell Transaction 100 7.0000 USD American 2026-12-18 1.1000 USD
Common Call Option Sell Transaction 100 7.0000 USD American 2026-12-18 1.1300 USD
Common Call Option Sell Transaction 100 5.0000 USD American 2025-10-17 1.2000 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: 12 September 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 -17,200 3.0 USD American 16/01/2026
Common Call Option Purchased 100 9.0 USD American 17/04/2026
Common Put Option Purchased -500 3.0 USD American 17/04/2026
Common Put Option Purchased -10,800 5.0 USD American 17/04/2026
Common Put Option Purchased -400 5.0 USD American 19/09/2025
Common Call Option Purchased 15,700 4.0 USD American 17/10/2025
Common Call Option Purchased 2,600 5.0 USD American 17/04/2026
Common Call Option Purchased 5,800 6.0 USD American 17/04/2026
Common Call Option Purchased 300 2.0 USD American 17/10/2025
Common Call Option Purchased 200 11.0 USD American 17/04/2026
Common Call Option Purchased 100 4.0 USD American 19/09/2025
Common Put Option Purchased -215,700 4.0 USD American 16/01/2026
Common Call Option Purchased 300 3.0 USD American 17/10/2025
Common Call Option Purchased 43,400 6.0 USD American 17/10/2025
Common Call Option Purchased 500 8.0 USD American 16/01/2026
Common Call Option Purchased 5,400 6.0 USD American 19/09/2025
Common Put Option Purchased -1,200 5.0 USD American 17/07/2026
Common Call Option Purchased 10,200 7.0 USD American 18/12/2026
Common Call Option Purchased 1,500 5.0 USD American 19/09/2025
Common Put Option Purchased -800 7.0 USD American 17/07/2026
Common Call Option Purchased 17,500 7.0 USD American 17/10/2025
Common Put Option Purchased -8,200 6.0 USD American 16/01/2026
Common Call Option Purchased 3,100 10.0 USD American 16/01/2026
Common Call Option Purchased 44,700 6.0 USD American 16/01/2026
Common Call Option Purchased 1,000 8.0 USD American 17/10/2025
Common Call Option Purchased 800 3.0 USD American 17/07/2026
Common Call Option Purchased 700 7.0 USD American 17/04/2026
Common Put Option Sold 89,700 5.0 USD American 16/01/2026
Common Put Option Sold 800 5.0 USD American 17/10/2025
Common Call Option Sold -39,400 5.0 USD American 17/07/2026
Common Call Option Sold -54,300 5.0 USD American 16/01/2026
Common Call Option Sold -1,400 3.0 USD American 16/01/2026
Common Call Option Sold -6,200 12.0 USD American 16/01/2026
Common Call Option Sold -1,400 4.0 USD American 16/01/2026
Common Put Option Sold 100 7.0 USD American 16/01/2026
Common Call Option Sold -128,700 5.0 USD American 17/10/2025
Common Call Option Sold -400 5.0 USD American 18/12/2026
Common Put Option Sold 700 6.0 USD American 19/09/2025
Common Put Option Sold 200 6.0 USD American 17/10/2025
Common Call Option Sold -500 10.0 USD American 17/07/2026
Common Call Option Sold -12,500 15.0 USD American 16/01/2026
Common Put Option Sold 600 3.0 USD American 17/10/2025
Common Call Option Sold -900 4.0 USD American 17/07/2026
Common Call Option Sold -300 7.0 USD American 17/07/2026
Common Call Option Sold -100 1.0 USD American 17/07/2026
Common Call Option Sold -111,700 7.0 USD American 16/01/2026
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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