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

DowlaisAnnouncement

Wed 15:00

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RNS Number : 8517G  Citadel Group  30 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:                                       29 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:                     868     0.00   209,856    0.01
 (2) Cash-settled derivatives:                                        0       0.00   1,246,876  0.09

 (3) Stock-settled derivatives (including options) and agreements to  0       0.00   0          0.00
 purchase/sell:
                                                                      868     0.00   1,456,732  0.10

      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   2,301                 0.5660 GBP
 Common                      Buy Transaction   1,407                 0.5670 GBP
 Common                      Buy Transaction   68                    0.5680 GBP
 Common                      Buy Transaction   22,199                0.5685 GBP
 Common                      Buy Transaction   772                   0.5695 GBP
 Common                      Buy Transaction   13,316                0.5700 GBP
 Common                      Buy Transaction   29,647                0.5705 GBP
 Common                      Buy Transaction   18,247                0.5710 GBP
 Common                      Buy Transaction   111,570               0.5715 GBP
 Common                      Buy Transaction   3,596                 0.5720 GBP
 Common                      Buy Transaction   1,911                 0.5725 GBP
 Common                      Buy Transaction   54,959                0.5730 GBP
 Common                      Buy Transaction   28,157                0.5735 GBP
 Common                      Buy Transaction   10,088                0.5740 GBP
 Common                      Buy Transaction   2,654                 0.5745 GBP
 Common                      Buy Transaction   3,219                 0.5747 GBP
 Common                      Buy Transaction   930                   0.5750 GBP
 Common                      Buy Transaction   1,386                 0.5755 GBP
 Common                      Buy Transaction   5,166                 0.5760 GBP
 Common                      Buy Transaction   1,367                 0.5765 GBP
 Common                      Buy Transaction   8,826                 0.5770 GBP
 Common                      Buy Transaction   1,210                 0.5775 GBP
 Common                      Buy Transaction   577                   0.5825 GBP
 Common                      Sell Transaction  643                   0.5665 GBP
 Common                      Sell Transaction  24,740                0.5670 GBP
 Common                      Sell Transaction  37,520                0.5675 GBP
 Common                      Sell Transaction  2,547                 0.5677 GBP
 Common                      Sell Transaction  3,801                 0.5680 GBP
 Common                      Sell Transaction  4,596                 0.5685 GBP
 Common                      Sell Transaction  16,072                0.5690 GBP
 Common                      Sell Transaction  508,914               0.5700 GBP
 Common                      Sell Transaction  1,532                 0.5710 GBP
 Common                      Sell Transaction  225,672               0.5715 GBP
 Common                      Sell Transaction  100                   0.5725 GBP
 Common                      Sell Transaction  2,117                 0.5730 GBP
 Common                      Sell Transaction  5,297                 0.5740 GBP
 Common                      Sell Transaction  11,102                0.5745 GBP
 Common                      Sell Transaction  900                   0.5750 GBP
 Common                      Sell Transaction  2,749                 0.5755 GBP
 Common                      Sell Transaction  123,833               0.5795 GBP
 Common                      Sell Transaction  266,940               0.5800 GBP
 Common                      Sell Transaction  2,608                 0.5803 GBP
 Common                      Sell Transaction  1,739                 0.5805 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                                                        33,820                          0.5710 GBP
 Common                      CFD                  Reducing short position                                                        104,894                         0.5715 GBP
 Common                      CFD                  Reducing short position                                                        8,940                           0.5716 GBP
 Common                      CFD                  Reducing short position                                                        136,162                         0.5717 GBP
 Common                      CFD                  Increasing short position                                                      6,025                           0.5746 GBP
 Common                      CFD                  Increasing short position                                                      63,963                          0.5762 GBP
 Common                      CFD                  Increasing short position                                                      39,912                          0.5777 GBP
 Common                      CFD                  Increasing short position                                                      53,771                          0.5780 GBP
 Common                      CFD                  Reducing short position                                                        424                             0.5780 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:  30 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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