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RNS Number : 4721G Citadel Group 28 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 DOWLAIS GROUP PLC
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: 25 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?
AMERICAN AXLE MANUFACTURING HOLDINGS INC
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 GB00BMWRZ071
Common Stock 1p ordinary
Interests Short positions
Number % Number %
(1) Relevant securities owned and/or controlled: 760,658 0.05 30,813 0.00
(2) Cash-settled derivatives: 0 0.00 1,264,398 0.09
(3) Stock-settled derivatives (including options) and agreements to 0 0.00 0 0.00
purchase/sell:
760,658 0.05 1,295,211 0.09
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 61 0.5365 GBP
Common Buy Transaction 100 0.5395 GBP
Common Buy Transaction 1,173 0.5445 GBP
Common Buy Transaction 14,896 0.5460 GBP
Common Buy Transaction 320 0.5470 GBP
Common Buy Transaction 6,189 0.5490 GBP
Common Buy Transaction 339 0.5495 GBP
Common Buy Transaction 30,014 0.5500 GBP
Common Buy Transaction 262 0.5505 GBP
Common Buy Transaction 17,736 0.5510 GBP
Common Buy Transaction 62 0.5520 GBP
Common Buy Transaction 2,526 0.5525 GBP
Common Buy Transaction 2,382 0.5530 GBP
Common Buy Transaction 110 0.5535 GBP
Common Buy Transaction 65 0.5540 GBP
Common Buy Transaction 215 0.5545 GBP
Common Buy Transaction 100 0.5550 GBP
Common Buy Transaction 189 0.5555 GBP
Common Buy Transaction 880 0.5560 GBP
Common Buy Transaction 2,299 0.5570 GBP
Common Buy Transaction 147 0.5575 GBP
Common Buy Transaction 15,281 0.5580 GBP
Common Buy Transaction 394 0.5585 GBP
Common Buy Transaction 3,063 0.5590 GBP
Common Buy Transaction 14,835 0.5600 GBP
Common Buy Transaction 4,570 0.5605 GBP
Common Buy Transaction 3,309 0.5610 GBP
Common Buy Transaction 86 0.5625 GBP
Common Buy Transaction 175 0.5630 GBP
Common Buy Transaction 169,437 0.5635 GBP
Common Buy Transaction 48,149 0.5640 GBP
Common Buy Transaction 12,736 0.5645 GBP
Common Buy Transaction 35,314 0.5647 GBP
Common Buy Transaction 60,695 0.5650 GBP
Common Buy Transaction 61,510 0.5653 GBP
Common Buy Transaction 148 0.5655 GBP
Common Buy Transaction 8,206 0.5660 GBP
Common Sell Transaction 2,318 0.5380 GBP
Common Sell Transaction 8,109 0.5400 GBP
Common Sell Transaction 2,469 0.5415 GBP
Common Sell Transaction 471 0.5420 GBP
Common Sell Transaction 37,779 0.5455 GBP
Common Sell Transaction 1,154 0.5460 GBP
Common Sell Transaction 1,382 0.5475 GBP
Common Sell Transaction 13,578 0.5480 GBP
Common Sell Transaction 10,634 0.5495 GBP
Common Sell Transaction 63 0.5500 GBP
Common Sell Transaction 693 0.5510 GBP
Common Sell Transaction 3,826 0.5515 GBP
Common Sell Transaction 25,090 0.5525 GBP
Common Sell Transaction 591 0.5530 GBP
Common Sell Transaction 15,372 0.5535 GBP
Common Sell Transaction 6,443 0.5550 GBP
Common Sell Transaction 13 0.5560 GBP
Common Sell Transaction 167 0.5565 GBP
Common Sell Transaction 4,608 0.5600 GBP
Common Sell Transaction 50,074 0.5605 GBP
Common Sell Transaction 435 0.5610 GBP
Common Sell Transaction 303 0.5620 GBP
Common Sell Transaction 289 0.5630 GBP
Common Sell Transaction 64,987 0.5635 GBP
Common Sell Transaction 48,248 0.5640 GBP
Common Sell Transaction 69,961 0.5645 GBP
Common Sell Transaction 116,480 0.5650 GBP
Common Sell Transaction 23,867 0.5655 GBP
Common Sell Transaction 4,121 0.5665 GBP
(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 short position 18,480 0.5532 GBP
Common CFD Reducing short position 133 0.5540 GBP
Common CFD Reducing short position 3,567 0.5574 GBP
Common CFD Increasing short position 8,226 0.5583 GBP
Common CFD Reducing short position 7,282 0.5584 GBP
Common CFD Increasing short position 13,540 0.5593 GBP
(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.
(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? NO
Date of disclosure: 28 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) .
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