Citadel Group

Major Shareholding Notification • Jul 2, 2025

National Storage Mechanism | Additional information

RNS Number : 4596P

Citadel Group

02 July 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 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.	N/A
(c) Name of offeror/offeree in relation to whose relevant securities this form relates:      Use a separate form for each offeror/offeree	AMERICAN AXLE  MANUFACTURING HOLDINGS INC
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:	N/A
(e) Date position held/dealing undertaken:      For an opening position disclosure, state the latest practicable date prior to the disclosure	1 July 2025
(f)  In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?      If it is a cash offer or possible cash offer, state "N/A"	YES DOWLAIS GROUP PLC

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: Common Stock	ISIN US0240611030 USD 0.01 common
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	2,096,267	1.76	134,303	0.11
(2) Cash-settled derivatives:	464,224	0.39	0	0.00
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	979,700	0.82	1,365,900	1.15
TOTAL:	3,540,191	2.98	1,500,203	1.26

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	2,700	4.0000 USD
Common	Buy Transaction	587	4.0006 USD
Common	Buy Transaction	300	4.0050 USD
Common	Buy Transaction	1,200	4.0096 USD
Common	Buy Transaction	4,191	4.0100 USD
Common	Buy Transaction	5	4.0120 USD
Common	Buy Transaction	1,070	4.0154 USD
Common	Buy Transaction	1,491	4.0200 USD
Common	Buy Transaction	1,045	4.0228 USD
Common	Buy Transaction	62	4.0291 USD
Common	Buy Transaction	1,488	4.0302 USD
Common	Buy Transaction	2,950	4.0329 USD
Common	Buy Transaction	496	4.0363 USD
Common	Buy Transaction	668	4.0407 USD
Common	Buy Transaction	4,453	4.0436 USD
Common	Buy Transaction	1,501	4.0458 USD
Common	Buy Transaction	4,578	4.0461 USD
Common	Buy Transaction	1,600	4.0500 USD
Common	Buy Transaction	2,115	4.0506 USD
Common	Buy Transaction	16	4.0507 USD
Common	Buy Transaction	14	4.0514 USD
Common	Buy Transaction	504	4.0600 USD
Common	Buy Transaction	3,609	4.0624 USD
Common	Buy Transaction	200	4.0650 USD
Common	Buy Transaction	906	4.0668 USD
Common	Buy Transaction	212	4.0674 USD
Common	Buy Transaction	2,700	4.0674 USD
Common	Buy Transaction	4,469	4.0682 USD
Common	Buy Transaction	3,883	4.0700 USD
Common	Buy Transaction	8,665	4.0775 USD
Common	Buy Transaction	1	4.0779 USD
Common	Buy Transaction	600	4.0783 USD
Common	Buy Transaction	1,700	4.0824 USD
Common	Buy Transaction	1,275	4.0833 USD
Common	Buy Transaction	2,001	4.0840 USD
Common	Buy Transaction	5,983	4.0849 USD
Common	Buy Transaction	30	4.0850 USD
Common	Buy Transaction	5,000	4.0862 USD
Common	Buy Transaction	224	4.0879 USD
Common	Buy Transaction	5,013	4.0891 USD
Common	Buy Transaction	945	4.0892 USD
Common	Buy Transaction	1,005	4.0894 USD
Common	Buy Transaction	262	4.0900 USD
Common	Buy Transaction	700	4.0914 USD
Common	Buy Transaction	5,393	4.0926 USD
Common	Buy Transaction	617	4.0950 USD
Common	Buy Transaction	100	4.0950 USD
Common	Buy Transaction	2,352	4.1000 USD
Common	Buy Transaction	156	4.1012 USD
Common	Buy Transaction	1,628	4.1022 USD
Common	Buy Transaction	4,958	4.1036 USD
Common	Buy Transaction	1,588	4.1049 USD
Common	Buy Transaction	3,204	4.1054 USD
Common	Buy Transaction	500	4.1060 USD
Common	Buy Transaction	2,336	4.1077 USD
Common	Buy Transaction	2,566	4.1103 USD
Common	Buy Transaction	22,667	4.1122 USD
Common	Buy Transaction	3,073	4.1170 USD
Common	Buy Transaction	1,700	4.1221 USD
Common	Buy Transaction	400	4.1225 USD
Common	Buy Transaction	4,449	4.1238 USD
Common	Buy Transaction	5	4.1260 USD
Common	Buy Transaction	12,716	4.1270 USD
Common	Buy Transaction	16,180	4.1296 USD
Common	Buy Transaction	3,771	4.1331 USD
Common	Buy Transaction	348	4.1342 USD
Common	Buy Transaction	19,287	4.1346 USD
Common	Buy Transaction	1,078	4.1348 USD
Common	Buy Transaction	1,700	4.1350 USD
Common	Buy Transaction	407	4.1355 USD
Common	Buy Transaction	632	4.1369 USD
Common	Buy Transaction	1,325	4.1374 USD
Common	Buy Transaction	5,863	4.1400 USD
Common	Buy Transaction	4,282	4.1429 USD
Common	Buy Transaction	231	4.1448 USD
Common	Buy Transaction	1,582	4.1495 USD
Common	Buy Transaction	1,951	4.1500 USD
Common	Buy Transaction	106	4.1511 USD
Common	Buy Transaction	38,941	4.1537 USD
Common	Buy Transaction	10,200	4.1547 USD
Common	Buy Transaction	104	4.1550 USD
Common	Buy Transaction	14	4.1564 USD
Common	Buy Transaction	1,779	4.1568 USD
Common	Buy Transaction	299	4.1593 USD
Common	Buy Transaction	2,115	4.1599 USD
Common	Buy Transaction	27	4.1600 USD
Common	Buy Transaction	13,351	4.1615 USD
Common	Buy Transaction	2,449	4.1629 USD
Common	Buy Transaction	20	4.1645 USD
Common	Buy Transaction	500	4.1650 USD
Common	Buy Transaction	15,485	4.1660 USD
Common	Buy Transaction	87,039	4.1668 USD
Common	Buy Transaction	4,413	4.1673 USD
Common	Buy Transaction	1,655	4.1680 USD
Common	Buy Transaction	597	4.1682 USD
Common	Buy Transaction	6,143	4.1684 USD
Common	Buy Transaction	848	4.1685 USD
Common	Buy Transaction	227	4.1691 USD
Common	Buy Transaction	488	4.1691 USD
Common	Buy Transaction	267	4.1694 USD
Common	Buy Transaction	213	4.1700 USD
Common	Buy Transaction	57	4.1705 USD
Common	Buy Transaction	58	4.1707 USD
Common	Buy Transaction	10	4.1710 USD
Common	Buy Transaction	42,836	4.1711 USD
Common	Buy Transaction	1,148	4.1712 USD
Common	Buy Transaction	12	4.1717 USD
Common	Buy Transaction	500	4.1720 USD
Common	Buy Transaction	88	4.1739 USD
Common	Buy Transaction	100	4.1750 USD
Common	Buy Transaction	91	4.1751 USD
Common	Buy Transaction	178,865	4.1769 USD
Common	Buy Transaction	4,336	4.1779 USD
Common	Buy Transaction	3,854	4.1785 USD
Common	Buy Transaction	19	4.1795 USD
Common	Buy Transaction	14,344	4.1800 USD
Common	Buy Transaction	20	4.1810 USD
Common	Buy Transaction	530	4.1832 USD
Common	Buy Transaction	739	4.1841 USD
Common	Buy Transaction	100	4.1850 USD
Common	Buy Transaction	3,717	4.1879 USD
Common	Buy Transaction	600	4.1900 USD
Common	Buy Transaction	130	4.1915 USD
Common	Buy Transaction	846	4.1940 USD
Common	Buy Transaction	1	4.1944 USD
Common	Buy Transaction	378	4.1979 USD
Common	Buy Transaction	400	4.2000 USD
Common	Buy Transaction	307	4.2008 USD
Common	Buy Transaction	11,243	4.2081 USD
Common	Buy Transaction	30,867	4.2092 USD
Common	Buy Transaction	200	4.2100 USD
Common	Buy Transaction	1,002	4.2109 USD
Common	Buy Transaction	344	4.2128 USD
Common	Buy Transaction	11,000	4.2136 USD
Common	Buy Transaction	833	4.2148 USD
Common	Buy Transaction	210	4.2152 USD
Common	Buy Transaction	1,180	4.2153 USD
Common	Buy Transaction	12,377	4.2183 USD
Common	Buy Transaction	1,322	4.2196 USD
Common	Buy Transaction	102	4.2196 USD
Common	Buy Transaction	2,129	4.2200 USD
Common	Buy Transaction	257	4.2200 USD
Common	Buy Transaction	1,423	4.2223 USD
Common	Buy Transaction	1,261	4.2232 USD
Common	Buy Transaction	1	4.2250 USD
Common	Buy Transaction	209	4.2278 USD
Common	Buy Transaction	1,241	4.2300 USD
Common	Buy Transaction	46	4.2309 USD
Common	Buy Transaction	2,000	4.2310 USD
Common	Buy Transaction	8	4.2350 USD
Common	Buy Transaction	188	4.2356 USD
Common	Buy Transaction	1,805	4.2372 USD
Common	Buy Transaction	4,245	4.2400 USD
Common	Buy Transaction	1	4.2438 USD
Common	Buy Transaction	138,672	4.2500 USD
Common	Buy Transaction	2	4.2700 USD
Common	Buy Transaction	1	4.3000 USD
Common	DVP Transaction	173	3.9928 USD
Common	DVP Transaction	223	4.0135 USD
Common	DVP Transaction	3,561	4.0300 USD
Common	DVP Transaction	1	4.2100 USD
Common	DVP Transaction	1,074	4.2400 USD
Common	DVP Transaction	135,486	4.2500 USD
Common	RVP Transaction	197	3.9947 USD
Common	RVP Transaction	100	4.0000 USD
Common	RVP Transaction	3,661	4.0300 USD
Common	RVP Transaction	1,074	4.2400 USD
Common	RVP Transaction	135,486	4.2500 USD
Common	Sell Transaction	100	3.9900 USD
Common	Sell Transaction	1,017	3.9905 USD
Common	Sell Transaction	100	3.9950 USD
Common	Sell Transaction	500	3.9960 USD
Common	Sell Transaction	1,125	4.0000 USD
Common	Sell Transaction	692	4.0014 USD
Common	Sell Transaction	700	4.0021 USD
Common	Sell Transaction	600	4.0067 USD
Common	Sell Transaction	11	4.0082 USD
Common	Sell Transaction	106	4.0094 USD
Common	Sell Transaction	336	4.0100 USD
Common	Sell Transaction	179	4.0124 USD
Common	Sell Transaction	10	4.0150 USD
Common	Sell Transaction	17	4.0153 USD
Common	Sell Transaction	296	4.0200 USD
Common	Sell Transaction	124	4.0291 USD
Common	Sell Transaction	2,184	4.0331 USD
Common	Sell Transaction	10	4.0350 USD
Common	Sell Transaction	910	4.0355 USD
Common	Sell Transaction	598	4.0385 USD
Common	Sell Transaction	9	4.0489 USD
Common	Sell Transaction	1,000	4.0500 USD
Common	Sell Transaction	8	4.0507 USD
Common	Sell Transaction	635	4.0536 USD
Common	Sell Transaction	21,200	4.0557 USD
Common	Sell Transaction	1	4.0600 USD
Common	Sell Transaction	240	4.0620 USD
Common	Sell Transaction	3,915	4.0763 USD
Common	Sell Transaction	2,700	4.0781 USD
Common	Sell Transaction	169	4.0800 USD
Common	Sell Transaction	5,337	4.0865 USD
Common	Sell Transaction	780	4.0912 USD
Common	Sell Transaction	7	4.0914 USD
Common	Sell Transaction	305	4.1000 USD
Common	Sell Transaction	2,400	4.1058 USD
Common	Sell Transaction	2	4.1064 USD
Common	Sell Transaction	800	4.1075 USD
Common	Sell Transaction	3,375	4.1117 USD
Common	Sell Transaction	1,659	4.1158 USD
Common	Sell Transaction	153	4.1159 USD
Common	Sell Transaction	2,192	4.1243 USD
Common	Sell Transaction	15,747	4.1279 USD
Common	Sell Transaction	2,965	4.1280 USD
Common	Sell Transaction	4,400	4.1355 USD
Common	Sell Transaction	1,225	4.1400 USD
Common	Sell Transaction	500	4.1401 USD
Common	Sell Transaction	1,603	4.1451 USD
Common	Sell Transaction	2,631	4.1486 USD
Common	Sell Transaction	300	4.1500 USD
Common	Sell Transaction	1,481	4.1509 USD
Common	Sell Transaction	1,542	4.1512 USD
Common	Sell Transaction	14	4.1586 USD
Common	Sell Transaction	1,279	4.1610 USD
Common	Sell Transaction	4,726	4.1681 USD
Common	Sell Transaction	181,198	4.1685 USD
Common	Sell Transaction	312	4.1695 USD
Common	Sell Transaction	602	4.1700 USD
Common	Sell Transaction	7,597	4.1710 USD
Common	Sell Transaction	14	4.1714 USD
Common	Sell Transaction	12,935	4.1720 USD
Common	Sell Transaction	19,271	4.1741 USD
Common	Sell Transaction	2,022	4.1743 USD
Common	Sell Transaction	109	4.1743 USD
Common	Sell Transaction	532	4.1744 USD
Common	Sell Transaction	5,135	4.1753 USD
Common	Sell Transaction	2,221	4.1771 USD
Common	Sell Transaction	3,400	4.1774 USD
Common	Sell Transaction	1,165	4.1782 USD
Common	Sell Transaction	2,570	4.1790 USD
Common	Sell Transaction	3,171	4.1790 USD
Common	Sell Transaction	217	4.1800 USD
Common	Sell Transaction	815	4.1856 USD
Common	Sell Transaction	164	4.1901 USD
Common	Sell Transaction	476	4.1911 USD
Common	Sell Transaction	1,422	4.1915 USD
Common	Sell Transaction	500	4.1920 USD
Common	Sell Transaction	2,222	4.1935 USD
Common	Sell Transaction	2,100	4.1950 USD
Common	Sell Transaction	37,706	4.1951 USD
Common	Sell Transaction	1,006	4.1959 USD
Common	Sell Transaction	1,492	4.2000 USD
Common	Sell Transaction	276	4.2017 USD
Common	Sell Transaction	5,418	4.2034 USD
Common	Sell Transaction	77,906	4.2065 USD
Common	Sell Transaction	376	4.2077 USD
Common	Sell Transaction	1	4.2090 USD
Common	Sell Transaction	3,227	4.2100 USD
Common	Sell Transaction	5,328	4.2110 USD
Common	Sell Transaction	2,177	4.2118 USD
Common	Sell Transaction	5,966	4.2124 USD
Common	Sell Transaction	224	4.2135 USD
Common	Sell Transaction	100	4.2150 USD
Common	Sell Transaction	1	4.2188 USD
Common	Sell Transaction	197	4.2189 USD
Common	Sell Transaction	300	4.2200 USD
Common	Sell Transaction	110	4.2209 USD
Common	Sell Transaction	400	4.2250 USD
Common	Sell Transaction	7,917	4.2255 USD
Common	Sell Transaction	4,813	4.2269 USD
Common	Sell Transaction	2,009	4.2273 USD
Common	Sell Transaction	17	4.2282 USD
Common	Sell Transaction	234	4.2285 USD
Common	Sell Transaction	12,287	4.2289 USD
Common	Sell Transaction	1,367	4.2296 USD
Common	Sell Transaction	10,827	4.2300 USD
Common	Sell Transaction	101	4.2302 USD
Common	Sell Transaction	1,105	4.2310 USD
Common	Sell Transaction	900	4.2310 USD
Common	Sell Transaction	23,697	4.2314 USD
Common	Sell Transaction	3,315	4.2315 USD
Common	Sell Transaction	6,970	4.2325 USD
Common	Sell Transaction	7,889	4.2332 USD
Common	Sell Transaction	563	4.2334 USD
Common	Sell Transaction	1,900	4.2337 USD
Common	Sell Transaction	2,480	4.2349 USD
Common	Sell Transaction	6,111	4.2350 USD
Common	Sell Transaction	607	4.2350 USD
Common	Sell Transaction	91	4.2362 USD
Common	Sell Transaction	527	4.2380 USD
Common	Sell Transaction	4,521	4.2400 USD
Common	Sell Transaction	81	4.2411 USD
Common	Sell Transaction	140,262	4.2500 USD
Common	Sell Transaction	2	4.3000 USD
Common	Sell Transaction	40	4.3720 USD

(b)        Cash-settled derivative transactions

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit
Common	CFD	Increasing long position	7,200	4.0119 USD

(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 e.g. American, European etc.	Expiry date	Option money paid/ received per unit
Common	Call Option	Buy Transaction	1	4.0000 USD	American	2025-Jul-18	0.3000 USD
Common	Call Option	Buy Transaction	1	6.0000 USD	American	2026-Jan-16	0.3700 USD
Common	Call Option	Buy Transaction	10	3.0000 USD	American	2025-Jul-18	1.2000 USD
Common	Call Option	DVP Transaction	40	5.0000 USD	American	2025-Jul-18	0.0500 USD
Common	Call Option	DVP Transaction	10	6.0000 USD	American	2025-Oct-17	0.1600 USD
Common	Put Option	DVP Transaction	5	4.0000 USD	American	2025-Jul-18	0.2300 USD
Common	Call Option	DVP Transaction	7	6.0000 USD	American	2026-Jan-16	0.3529 USD
Common	Call Option	DVP Transaction	2	6.0000 USD	American	2026-Jan-16	0.3700 USD
Common	Call Option	DVP Transaction	6	6.0000 USD	American	2026-Jan-16	0.3783 USD
Common	Call Option	DVP Transaction	38	6.0000 USD	American	2026-Jan-16	0.3800 USD
Common	Call Option	DVP Transaction	1	7.0000 USD	American	2026-Jul-17	0.4500 USD
Common	Call Option	DVP Transaction	2	5.0000 USD	American	2026-Jan-16	0.5700 USD
Common	Call Option	RVP Transaction	40	5.0000 USD	American	2025-Jul-18	0.0500 USD
Common	Call Option	RVP Transaction	10	6.0000 USD	American	2025-Oct-17	0.1600 USD
Common	Put Option	RVP Transaction	5	4.0000 USD	American	2025-Jul-18	0.2300 USD
Common	Call Option	RVP Transaction	6	6.0000 USD	American	2026-Jan-16	0.3500 USD
Common	Call Option	RVP Transaction	2	6.0000 USD	American	2026-Jan-16	0.3700 USD
Common	Call Option	RVP Transaction	7	6.0000 USD	American	2026-Jan-16	0.3757 USD
Common	Call Option	RVP Transaction	38	6.0000 USD	American	2026-Jan-16	0.3803 USD
Common	Call Option	RVP Transaction	1	7.0000 USD	American	2026-Jul-17	0.4500 USD
Common	Call Option	RVP Transaction	2	5.0000 USD	American	2026-Jan-16	0.5700 USD
Common	Call Option	Sell Transaction	67	5.0000 USD	American	2025-Jul-18	0.0500 USD
Common	Call Option	Sell Transaction	10	6.0000 USD	American	2025-Oct-17	0.1600 USD
Common	Put Option	Sell Transaction	2	4.0000 USD	American	2025-Jul-18	0.2300 USD
Common	Call Option	Sell Transaction	5	5.0000 USD	American	2025-Oct-17	0.3400 USD
Common	Call Option	Sell Transaction	1,597	6.0000 USD	American	2026-Jan-16	0.3500 USD
Common	Call Option	Sell Transaction	17	6.0000 USD	American	2026-Jan-16	0.3800 USD
Common	Call Option	Sell Transaction	10	3.0000 USD	American	2025-Aug-15	1.1500 USD

(ii)        Exercise

Class of relevant security	Product description e.g. call option	Exercising/ exercised against	Number of securities	Exercise price per unit

(d)        Other dealings (including subscribing for new securities)

Class of relevant security	Nature of dealing e.g. subscription, conversion	Details	Price per unit (if applicable)

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:	2 July 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 .

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 disclosure relates:	AMERICAN AXLE  MANUFACTURING HOLDINGS INC

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 e.g. American, European etc.	Expiry date
Common	Put Option	Purchased	-12,000	3.0 USD	American	15/08/2025
Common	Put Option	Purchased	-300	5.0 USD	American	17/10/2025
Common	Put Option	Purchased	-11,900	4.0 USD	American	18/07/2025
Common	Put Option	Purchased	-13,100	3.0 USD	American	16/01/2026
Common	Put Option	Purchased	-100	7.0 USD	American	17/10/2025
Common	Call Option	Purchased	300	15.0 USD	American	16/01/2026
Common	Call Option	Purchased	600,000	6.0 USD	American	18/07/2025
Common	Call Option	Purchased	14,100	4.0 USD	American	17/10/2025
Common	Put Option	Purchased	-700	6.0 USD	American	18/07/2025
Common	Call Option	Purchased	2,000	3.0 USD	American	18/07/2025
Common	Put Option	Purchased	-900	5.0 USD	American	17/07/2026
Common	Put Option	Purchased	-200	7.0 USD	American	15/08/2025
Common	Put Option	Purchased	-7,200	3.0 USD	American	18/07/2025
Common	Put Option	Purchased	-201,600	4.0 USD	American	16/01/2026
Common	Put Option	Purchased	-700	7.0 USD	American	18/07/2025
Common	Put Option	Purchased	-300	4.0 USD	American	15/08/2025
Common	Call Option	Purchased	700	10.0 USD	American	18/07/2025
Common	Call Option	Purchased	2,600	10.0 USD	American	16/01/2026
Common	Call Option	Purchased	255,900	6.0 USD	American	18/07/2025
Common	Put Option	Purchased	-200	6.0 USD	American	16/01/2026
Common	Call Option	Purchased	300	2.0 USD	American	17/10/2025
Common	Call Option	Purchased	9,100	5.0 USD	American	16/01/2026
Common	Call Option	Sold	-500	4.0 USD	American	16/01/2026
Common	Call Option	Sold	-1,400	3.0 USD	American	16/01/2026
Common	Put Option	Sold	100	5.0 USD	American	18/07/2025
Common	Call Option	Sold	-161,600	6.0 USD	American	16/01/2026
Common	Call Option	Sold	-200	7.0 USD	American	18/07/2025
Common	Call Option	Sold	-2,500	4.0 USD	American	17/07/2026
Common	Call Option	Sold	-300	3.0 USD	American	17/07/2026
Common	Put Option	Sold	3,100	3.0 USD	American	17/10/2025
Common	Call Option	Sold	-800	6.0 USD	American	17/10/2025
Common	Call Option	Sold	-800	12.0 USD	American	16/01/2026
Common	Call Option	Sold	-117,800	7.0 USD	American	16/01/2026
Common	Call Option	Sold	-98,900	5.0 USD	American	17/10/2025
Common	Call Option	Sold	-650,400	5.0 USD	American	18/07/2025
Common	Call Option	Sold	-100	2.0 USD	American	17/07/2026
Common	Call Option	Sold	-36,000	5.0 USD	American	17/07/2026
Common	Put Option	Sold	91,500	5.0 USD	American	16/01/2026
Common	Call Option	Sold	-1,000	3.0 USD	American	15/08/2025
Common	Call Option	Sold	-1,100	7.0 USD	American	17/07/2026
Common	Call Option	Sold	-2,400	10.0 USD	American	17/07/2026
Common	Call Option	Sold	-29,400	8.0 USD	American	18/07/2025
Common	Call Option	Sold	-2,000	3.0 USD	American	17/10/2025
Common	Call Option	Sold	-9,500	4.0 USD	American	18/07/2025

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 .

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