Picture of Dowlais logo

DWL Dowlais News Story

0.000.00%
gb flag iconLast trade - 00:00
Consumer CyclicalsAdventurousMid CapNeutral

REG - Citadel Group American Axle & Mfg. Dowlais Group PLC - Form 8.3 - Dowlais Group Plc

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250428:nRSb4721Ga&default-theme=true

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) .

 

 

 

 

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  RETUWUURVSUSUAR

Recent news on Dowlais

See all news