REG - Citadel Group Dowlais Group PLC American Axle & Mfg. - Form 8.3 - American Axle & Manufacturing Holdings
Yesterday 15:00
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RNS Number : 8729D Citadel Group 17 October 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 October 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: 769,348 0.64 207,904 0.17
(2) Cash-settled derivatives: 0 0.00 0 0.00
(3) Stock-settled derivatives (including options) and agreements to 481,100 0.40 1,049,000 0.88
purchase/sell:
1,250,448 1.05 1,256,904 1.05
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 1 5.4000 USD
Common Buy Transaction 100 5.4209 USD
Common Buy Transaction 10 5.4300 USD
Common Buy Transaction 100 5.4350 USD
Common Buy Transaction 150 5.4400 USD
Common Buy Transaction 8 5.4415 USD
Common Buy Transaction 830 5.4447 USD
Common Buy Transaction 116 5.4451 USD
Common Buy Transaction 209 5.4456 USD
Common Buy Transaction 567 5.4500 USD
Common Buy Transaction 60 5.4512 USD
Common Buy Transaction 1,893 5.4513 USD
Common Buy Transaction 165 5.4515 USD
Common Buy Transaction 874 5.4522 USD
Common Buy Transaction 1,187 5.4547 USD
Common Buy Transaction 420 5.4550 USD
Common Buy Transaction 412 5.4575 USD
Common Buy Transaction 212 5.4587 USD
Common Buy Transaction 149 5.4593 USD
Common Buy Transaction 210 5.4595 USD
Common Buy Transaction 1,295 5.4600 USD
Common Buy Transaction 2,239 5.4607 USD
Common Buy Transaction 1,563 5.4637 USD
Common Buy Transaction 123 5.4700 USD
Common Buy Transaction 858 5.4711 USD
Common Buy Transaction 255 5.4712 USD
Common Buy Transaction 62 5.4716 USD
Common Buy Transaction 142 5.4756 USD
Common Buy Transaction 29 5.4762 USD
Common Buy Transaction 1,688 5.4765 USD
Common Buy Transaction 382 5.4772 USD
Common Buy Transaction 967 5.4779 USD
Common Buy Transaction 199 5.4799 USD
Common Buy Transaction 127 5.4800 USD
Common Buy Transaction 2,904 5.4801 USD
Common Buy Transaction 2,096 5.4801 USD
Common Buy Transaction 45 5.4802 USD
Common Buy Transaction 49 5.4804 USD
Common Buy Transaction 547 5.4818 USD
Common Buy Transaction 2,971 5.4822 USD
Common Buy Transaction 427 5.4840 USD
Common Buy Transaction 117 5.4856 USD
Common Buy Transaction 3 5.4867 USD
Common Buy Transaction 1,066 5.4881 USD
Common Buy Transaction 6,995 5.4896 USD
Common Buy Transaction 446 5.4900 USD
Common Buy Transaction 398 5.4905 USD
Common Buy Transaction 4,257 5.4924 USD
Common Buy Transaction 628 5.4925 USD
Common Buy Transaction 300 5.4933 USD
Common Buy Transaction 385 5.4937 USD
Common Buy Transaction 9,070 5.4950 USD
Common Buy Transaction 1,807 5.4971 USD
Common Buy Transaction 1,461 5.4984 USD
Common Buy Transaction 162 5.4996 USD
Common Buy Transaction 10,801 5.5000 USD
Common Buy Transaction 20,994 5.5044 USD
Common Buy Transaction 2,200 5.5059 USD
Common Buy Transaction 503 5.5060 USD
Common Buy Transaction 2,804 5.5073 USD
Common Buy Transaction 601 5.5094 USD
Common Buy Transaction 170 5.5097 USD
Common Buy Transaction 1,495 5.5100 USD
Common Buy Transaction 2,790 5.5101 USD
Common Buy Transaction 1,500 5.5103 USD
Common Buy Transaction 14 5.5150 USD
Common Buy Transaction 71 5.5151 USD
Common Buy Transaction 77 5.5162 USD
Common Buy Transaction 194 5.5188 USD
Common Buy Transaction 69,608 5.5200 USD
Common Buy Transaction 32 5.5250 USD
Common Buy Transaction 151 5.5408 USD
Common Buy Transaction 685 5.5488 USD
Common Buy Transaction 1 5.5500 USD
Common Buy Transaction 910 5.5547 USD
Common Buy Transaction 100 5.5550 USD
Common Buy Transaction 400 5.5575 USD
Common Buy Transaction 300 5.5600 USD
Common Buy Transaction 100 5.5690 USD
Common Buy Transaction 4,703 5.5700 USD
Common Sell Transaction 100 5.4200 USD
Common Sell Transaction 1,445 5.4347 USD
Common Sell Transaction 2,049 5.4352 USD
Common Sell Transaction 612 5.4400 USD
Common Sell Transaction 4 5.4415 USD
Common Sell Transaction 408 5.4446 USD
Common Sell Transaction 116 5.4451 USD
Common Sell Transaction 893 5.4473 USD
Common Sell Transaction 336 5.4498 USD
Common Sell Transaction 47 5.4500 USD
Common Sell Transaction 321 5.4512 USD
Common Sell Transaction 1,063 5.4517 USD
Common Sell Transaction 3,800 5.4522 USD
Common Sell Transaction 2,615 5.4529 USD
Common Sell Transaction 130 5.4592 USD
Common Sell Transaction 122 5.4600 USD
Common Sell Transaction 42 5.4619 USD
Common Sell Transaction 1,648 5.4621 USD
Common Sell Transaction 3,028 5.4645 USD
Common Sell Transaction 722 5.4658 USD
Common Sell Transaction 2,246 5.4661 USD
Common Sell Transaction 1,599 5.4696 USD
Common Sell Transaction 300 5.4700 USD
Common Sell Transaction 2 5.4750 USD
Common Sell Transaction 11,912 5.4767 USD
Common Sell Transaction 1,035 5.4771 USD
Common Sell Transaction 961 5.4788 USD
Common Sell Transaction 72 5.4796 USD
Common Sell Transaction 400 5.4800 USD
Common Sell Transaction 604 5.4805 USD
Common Sell Transaction 253 5.4811 USD
Common Sell Transaction 1,200 5.4817 USD
Common Sell Transaction 623 5.4819 USD
Common Sell Transaction 200 5.4850 USD
Common Sell Transaction 4,903 5.4867 USD
Common Sell Transaction 3 5.4867 USD
Common Sell Transaction 630 5.4868 USD
Common Sell Transaction 4 5.4875 USD
Common Sell Transaction 36 5.4883 USD
Common Sell Transaction 323 5.4895 USD
Common Sell Transaction 389 5.4897 USD
Common Sell Transaction 565 5.4900 USD
Common Sell Transaction 68 5.4910 USD
Common Sell Transaction 106 5.4911 USD
Common Sell Transaction 1 5.4950 USD
Common Sell Transaction 321 5.4956 USD
Common Sell Transaction 3,314 5.4959 USD
Common Sell Transaction 181 5.4975 USD
Common Sell Transaction 1,741 5.4988 USD
Common Sell Transaction 1,546 5.4994 USD
Common Sell Transaction 72 5.4997 USD
Common Sell Transaction 55 5.4998 USD
Common Sell Transaction 516 5.5000 USD
Common Sell Transaction 27,798 5.5030 USD
Common Sell Transaction 181 5.5041 USD
Common Sell Transaction 5,983 5.5082 USD
Common Sell Transaction 1,355 5.5085 USD
Common Sell Transaction 1,411 5.5096 USD
Common Sell Transaction 3,438 5.5099 USD
Common Sell Transaction 1,464 5.5100 USD
Common Sell Transaction 16,992 5.5101 USD
Common Sell Transaction 21,551 5.5104 USD
Common Sell Transaction 140 5.5171 USD
Common Sell Transaction 69,403 5.5200 USD
Common Sell Transaction 1,727 5.5223 USD
Common Sell Transaction 3 5.5250 USD
Common Sell Transaction 420 5.5257 USD
Common Sell Transaction 1,021 5.5261 USD
Common Sell Transaction 2 5.5350 USD
Common Sell Transaction 1,492 5.5400 USD
Common Sell Transaction 1,009 5.5500 USD
Common Sell Transaction 677 5.5699 USD
Common Sell Transaction 4,125 5.5699 USD
Common Sell Transaction 36 5.6103 USD
Common Sell Transaction 17 5.6353 USD
Common Sell Transaction 5 5.6500 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 Put Option Buy Transaction 1,600 4.0000 USD American 2026-01-16 0.1200 USD
Common Put Option Buy Transaction 100 4.0000 USD American 2026-01-16 0.1400 USD
Common Call Option Buy Transaction 900 6.0000 USD American 2025-11-21 0.1500 USD
Common Call Option Buy Transaction 100 6.0000 USD American 2026-01-16 0.4000 USD
Common Call Option Buy Transaction 100 5.0000 USD American 2025-10-17 0.5000 USD
Common Call Option Buy Transaction 100 6.0000 USD American 2026-04-17 0.6000 USD
Common Call Option Buy Transaction 200 6.0000 USD American 2026-04-17 0.6400 USD
Common Call Option Buy Transaction 500 4.0000 USD American 2026-07-17 1.9000 USD
Common Put Option Sell Transaction 1,100 4.0000 USD American 2026-01-16 0.0800 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 October 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 9,500 7.0 USD American 17/10/2025
Common Call Option Purchased 1,000 8.0 USD American 17/10/2025
Common Put Option Purchased -10,900 5.0 USD American 17/04/2026
Common Call Option Purchased 300 2.0 USD American 17/10/2025
Common Call Option Purchased 35,000 10.0 USD American 17/07/2026
Common Call Option Purchased 800 3.0 USD American 17/07/2026
Common Put Option Purchased -100 6.0 USD American 17/04/2026
Common Put Option Purchased -3,300 5.0 USD American 17/07/2026
Common Put Option Purchased -218,800 4.0 USD American 16/01/2026
Common Call Option Purchased 3,100 10.0 USD American 16/01/2026
Common Put Option Purchased -300 7.0 USD American 16/01/2026
Common Put Option Purchased -2,200 7.0 USD American 17/07/2026
Common Call Option Purchased 48,200 6.0 USD American 17/10/2025
Common Put Option Purchased -400 4.0 USD American 17/04/2026
Common Call Option Purchased 22,900 6.0 USD American 17/04/2026
Common Call Option Purchased 176,000 5.0 USD American 17/10/2025
Common Put Option Purchased -2,100 5.0 USD American 21/11/2025
Common Call Option Purchased 300 3.0 USD American 17/10/2025
Common Put Option Purchased -17,200 3.0 USD American 16/01/2026
Common Call Option Purchased 2,500 5.0 USD American 17/04/2026
Common Put Option Purchased -4,400 6.0 USD American 16/01/2026
Common Call Option Purchased 15,700 4.0 USD American 17/10/2025
Common Put Option Purchased -900 7.0 USD American 17/10/2025
Common Put Option Purchased -500 3.0 USD American 18/12/2026
Common Call Option Purchased 2,800 7.0 USD American 17/07/2026
Common Call Option Purchased 200 11.0 USD American 17/04/2026
Common Put Option Purchased -1,000 3.0 USD American 17/04/2026
Common Call Option Purchased 200 8.0 USD American 21/11/2025
Common Call Option Purchased 5,400 7.0 USD American 18/12/2026
Common Call Option Purchased 0 5.0 USD American 21/11/2025
Common Call Option Sold -200 6.0 USD American 21/11/2025
Common Call Option Sold -1,400 4.0 USD American 16/01/2026
Common Put Option Sold 100 5.0 USD American 18/12/2026
Common Call Option Sold -39,400 5.0 USD American 17/07/2026
Common Call Option Sold -6,200 12.0 USD American 16/01/2026
Common Put Option Sold 91,400 5.0 USD American 16/01/2026
Common Put Option Sold 600 3.0 USD American 17/10/2025
Common Call Option Sold -1,000 5.0 USD American 21/01/2028
Common Call Option Sold -400 5.0 USD American 18/12/2026
Common Call Option Sold -300 4.0 USD American 17/07/2026
Common Call Option Sold -100 1.0 USD American 17/07/2026
Common Put Option Sold 62,200 4.0 USD American 17/07/2026
Common Call Option Sold -151,300 7.0 USD American 16/01/2026
Common Call Option Sold -200 8.0 USD American 16/01/2026
Common Call Option Sold -400 8.0 USD American 17/04/2026
Common Call Option Sold -12,500 15.0 USD American 16/01/2026
Common Call Option Sold -200 9.0 USD American 17/04/2026
Common Call Option Sold -9,000 6.0 USD American 16/01/2026
Common Call Option Sold -508,700 7.0 USD American 17/04/2026
Common Call Option Sold -1,400 3.0 USD American 16/01/2026
Common Put Option Sold 300 6.0 USD American 21/11/2025
Common Call Option Sold -52,500 5.0 USD American 16/01/2026
Common Call Option Sold -1,200 7.0 USD American 21/11/2025
Common Call Option Sold -200 7.0 USD American 21/01/2028
Common Put Option Sold 2,200 5.0 USD American 17/10/2025
Common Put Option Sold 300 6.0 USD American 17/10/2025
Common Call Option Sold -100 10.0 USD American 18/12/2026
Common Call Option Sold -200 10.0 USD American 17/04/2026
Common Put Option Sold 100 3.0 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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