AI Terminal

MODULE: AI_ANALYST
Interactive Q&A, Risk Assessment, Summarization
MODULE: DATA_EXTRACT
Excel Export, XBRL Parsing, Table Digitization
MODULE: PEER_COMP
Sector Benchmarking, Sentiment Analysis
SYSTEM ACCESS LOCKED
Authenticate / Register Log In

Citadel Group

Major Shareholding Notification Aug 28, 2025

10454_rns_2025-08-28_9f9aacf0-f858-4f94-9dde-37c0c11cbc30.html

Major Shareholding Notification

Open in Viewer

Opens in native device viewer

National Storage Mechanism | Additional information

RNS Number : 0829X

Citadel Group

28 August 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
27 August 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: 1,176,508 0.99 646,475 0.54
(2) Cash-settled derivatives: 0 0.00 0 0.00
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: 217,900 0.18 655,700 0.55
TOTAL: 1,394,408 1.17 1,302,175 1.09

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 5.8584 USD
Common Buy Transaction 626 5.9050 USD
Common Buy Transaction 510 5.9390 USD
Common Buy Transaction 192 5.9398 USD
Common Buy Transaction 300 5.9400 USD
Common Buy Transaction 88 5.9468 USD
Common Buy Transaction 3,300 5.9561 USD
Common Buy Transaction 1,100 5.9564 USD
Common Buy Transaction 100 5.9595 USD
Common Buy Transaction 110 5.9600 USD
Common Buy Transaction 2,285 5.9643 USD
Common Buy Transaction 3,400 5.9649 USD
Common Buy Transaction 470 5.9700 USD
Common Buy Transaction 2,064 5.9712 USD
Common Buy Transaction 1,100 5.9759 USD
Common Buy Transaction 72 5.9761 USD
Common Buy Transaction 2,624 5.9794 USD
Common Buy Transaction 701 5.9795 USD
Common Buy Transaction 100 5.9800 USD
Common Buy Transaction 742 5.9811 USD
Common Buy Transaction 572 5.9819 USD
Common Buy Transaction 834 5.9825 USD
Common Buy Transaction 528 5.9829 USD
Common Buy Transaction 1,235 5.9891 USD
Common Buy Transaction 238 5.9900 USD
Common Buy Transaction 1,003 5.9904 USD
Common Buy Transaction 3,590 5.9909 USD
Common Buy Transaction 400 5.9925 USD
Common Buy Transaction 100 5.9950 USD
Common Buy Transaction 750 5.9993 USD
Common Buy Transaction 18,480 6.0000 USD
Common Buy Transaction 2,087 6.0003 USD
Common Buy Transaction 19,686 6.0027 USD
Common Buy Transaction 5,853 6.0029 USD
Common Buy Transaction 1 6.0048 USD
Common Buy Transaction 10 6.0050 USD
Common Buy Transaction 5,294 6.0072 USD
Common Buy Transaction 2,057 6.0084 USD
Common Buy Transaction 2,079 6.0086 USD
Common Buy Transaction 17,745 6.0100 USD
Common Buy Transaction 2,517 6.0149 USD
Common Buy Transaction 5 6.0150 USD
Common Buy Transaction 2,623 6.0163 USD
Common Buy Transaction 248 6.0166 USD
Common Buy Transaction 13,723 6.0200 USD
Common Buy Transaction 25,718 6.0237 USD
Common Buy Transaction 200 6.0250 USD
Common Buy Transaction 1,128 6.0260 USD
Common Buy Transaction 1,100 6.0300 USD
Common Buy Transaction 536 6.0340 USD
Common Buy Transaction 801 6.0349 USD
Common Buy Transaction 1,156 6.0360 USD
Common Buy Transaction 2,239 6.0379 USD
Common Buy Transaction 4,081 6.0380 USD
Common Buy Transaction 711 6.0400 USD
Common Buy Transaction 153 6.0400 USD
Common Buy Transaction 2,257 6.0407 USD
Common Buy Transaction 2,893 6.0410 USD
Common Buy Transaction 548 6.0429 USD
Common Buy Transaction 150 6.0455 USD
Common Buy Transaction 5,300 6.0485 USD
Common Buy Transaction 500 6.0491 USD
Common Buy Transaction 406 6.0494 USD
Common Buy Transaction 5,440 6.0500 USD
Common Buy Transaction 4,979 6.0505 USD
Common Buy Transaction 1,500 6.0513 USD
Common Buy Transaction 760 6.0522 USD
Common Buy Transaction 500 6.0540 USD
Common Buy Transaction 32 6.0550 USD
Common Buy Transaction 1,723 6.0550 USD
Common Buy Transaction 473 6.0587 USD
Common Buy Transaction 1 6.0600 USD
Common Buy Transaction 2,200 6.0641 USD
Common Buy Transaction 1,101 6.0644 USD
Common Buy Transaction 276 6.0649 USD
Common Buy Transaction 600 6.0650 USD
Common Buy Transaction 1,356 6.0657 USD
Common Buy Transaction 300 6.0676 USD
Common Buy Transaction 2,568 6.0700 USD
Common Buy Transaction 825 6.0709 USD
Common Buy Transaction 602 6.0747 USD
Common Buy Transaction 10,000 6.0750 USD
Common Buy Transaction 39,651 6.0782 USD
Common Buy Transaction 337 6.0792 USD
Common Buy Transaction 2,870 6.0798 USD
Common Buy Transaction 800 6.0800 USD
Common Buy Transaction 204 6.0850 USD
Common Buy Transaction 291 6.0850 USD
Common Buy Transaction 15,986 6.0852 USD
Common Buy Transaction 689 6.0860 USD
Common Buy Transaction 933 6.0900 USD
Common Buy Transaction 401 6.0972 USD
Common Buy Transaction 10 6.1010 USD
Common Buy Transaction 2,000 6.1040 USD
Common Buy Transaction 151 6.1128 USD
Common Buy Transaction 105 6.1200 USD
Common Buy Transaction 35 6.1300 USD
Common Buy Transaction 12,100 6.1400 USD
Common Buy Transaction 250 6.1410 USD
Common Buy Transaction 27,095 6.1415 USD
Common Buy Transaction 300 6.1650 USD
Common Sell Transaction 700 5.8908 USD
Common Sell Transaction 976 5.9100 USD
Common Sell Transaction 300 5.9233 USD
Common Sell Transaction 7 5.9386 USD
Common Sell Transaction 4 5.9550 USD
Common Sell Transaction 114 5.9600 USD
Common Sell Transaction 2 5.9621 USD
Common Sell Transaction 300 5.9700 USD
Common Sell Transaction 10 5.9750 USD
Common Sell Transaction 1,659 5.9750 USD
Common Sell Transaction 341 5.9750 USD
Common Sell Transaction 220 5.9800 USD
Common Sell Transaction 396 5.9850 USD
Common Sell Transaction 325 5.9850 USD
Common Sell Transaction 600 5.9858 USD
Common Sell Transaction 4,800 5.9877 USD
Common Sell Transaction 20 5.9890 USD
Common Sell Transaction 414 5.9899 USD
Common Sell Transaction 131 5.9900 USD
Common Sell Transaction 362 5.9904 USD
Common Sell Transaction 2,400 5.9905 USD
Common Sell Transaction 60 5.9950 USD
Common Sell Transaction 1,000 5.9980 USD
Common Sell Transaction 343 5.9990 USD
Common Sell Transaction 227 5.9993 USD
Common Sell Transaction 2,552 6.0002 USD
Common Sell Transaction 1,087 6.0029 USD
Common Sell Transaction 50 6.0050 USD
Common Sell Transaction 1,538 6.0056 USD
Common Sell Transaction 779 6.0077 USD
Common Sell Transaction 7 6.0086 USD
Common Sell Transaction 10 6.0090 USD
Common Sell Transaction 294 6.0092 USD
Common Sell Transaction 883 6.0097 USD
Common Sell Transaction 27,355 6.0100 USD
Common Sell Transaction 1,680 6.0126 USD
Common Sell Transaction 580 6.0144 USD
Common Sell Transaction 625 6.0147 USD
Common Sell Transaction 10 6.0150 USD
Common Sell Transaction 374 6.0156 USD
Common Sell Transaction 2,316 6.0164 USD
Common Sell Transaction 2,446 6.0183 USD
Common Sell Transaction 573 6.0200 USD
Common Sell Transaction 15,548 6.0200 USD
Common Sell Transaction 500 6.0220 USD
Common Sell Transaction 166 6.0221 USD
Common Sell Transaction 744 6.0224 USD
Common Sell Transaction 21 6.0243 USD
Common Sell Transaction 116 6.0250 USD
Common Sell Transaction 348 6.0255 USD
Common Sell Transaction 700 6.0257 USD
Common Sell Transaction 598 6.0265 USD
Common Sell Transaction 1,800 6.0272 USD
Common Sell Transaction 1,899 6.0297 USD
Common Sell Transaction 257 6.0298 USD
Common Sell Transaction 3,637 6.0300 USD
Common Sell Transaction 180 6.0303 USD
Common Sell Transaction 201 6.0305 USD
Common Sell Transaction 1,542 6.0306 USD
Common Sell Transaction 299 6.0315 USD
Common Sell Transaction 3,400 6.0321 USD
Common Sell Transaction 419 6.0323 USD
Common Sell Transaction 266 6.0337 USD
Common Sell Transaction 320 6.0341 USD
Common Sell Transaction 19,996 6.0345 USD
Common Sell Transaction 3,755 6.0346 USD
Common Sell Transaction 200 6.0350 USD
Common Sell Transaction 67 6.0351 USD
Common Sell Transaction 1,200 6.0358 USD
Common Sell Transaction 219 6.0359 USD
Common Sell Transaction 1,167 6.0400 USD
Common Sell Transaction 172 6.0401 USD
Common Sell Transaction 500 6.0440 USD
Common Sell Transaction 4,600 6.0450 USD
Common Sell Transaction 399 6.0450 USD
Common Sell Transaction 543 6.0466 USD
Common Sell Transaction 1,351 6.0468 USD
Common Sell Transaction 45 6.0493 USD
Common Sell Transaction 3,277 6.0496 USD
Common Sell Transaction 6,707 6.0500 USD
Common Sell Transaction 507 6.0507 USD
Common Sell Transaction 421 6.0512 USD
Common Sell Transaction 1,100 6.0518 USD
Common Sell Transaction 3,100 6.0529 USD
Common Sell Transaction 1,635 6.0542 USD
Common Sell Transaction 1,200 6.0542 USD
Common Sell Transaction 4,272 6.0550 USD
Common Sell Transaction 329 6.0566 USD
Common Sell Transaction 900 6.0567 USD
Common Sell Transaction 1,875 6.0600 USD
Common Sell Transaction 534 6.0616 USD
Common Sell Transaction 38,200 6.0650 USD
Common Sell Transaction 97 6.0651 USD
Common Sell Transaction 10 6.0690 USD
Common Sell Transaction 200 6.0700 USD
Common Sell Transaction 83 6.0705 USD
Common Sell Transaction 1,968 6.0732 USD
Common Sell Transaction 2,957 6.0740 USD
Common Sell Transaction 14,490 6.0742 USD
Common Sell Transaction 100 6.0754 USD
Common Sell Transaction 2,215 6.0758 USD
Common Sell Transaction 301 6.0800 USD
Common Sell Transaction 7,300 6.0802 USD
Common Sell Transaction 2,916 6.0817 USD
Common Sell Transaction 1,231 6.0822 USD
Common Sell Transaction 4,158 6.0869 USD
Common Sell Transaction 8,163 6.0883 USD
Common Sell Transaction 1,644 6.0922 USD
Common Sell Transaction 7,615 6.0928 USD
Common Sell Transaction 233 6.0933 USD
Common Sell Transaction 1,124 6.0969 USD
Common Sell Transaction 700 6.1007 USD
Common Sell Transaction 400 6.1100 USD
Common Sell Transaction 1,432 6.1136 USD
Common Sell Transaction 700 6.1191 USD
Common Sell Transaction 517 6.1200 USD
Common Sell Transaction 700 6.1213 USD
Common Sell Transaction 345 6.1233 USD
Common Sell Transaction 400 6.1275 USD
Common Sell Transaction 151 6.1300 USD
Common Sell Transaction 45 6.1351 USD
Common Sell Transaction 300 6.1367 USD
Common Sell Transaction 200 6.1500 USD
Common Sell Transaction 165 6.1591 USD
Common Sell Transaction 200 6.1600 USD
Common Sell Transaction 1,300 6.1688 USD
Common Sell Transaction 819 6.1693 USD
Common Sell Transaction 240 6.1700 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

(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 500 7.0000 USD American 2025-10-17 0.1500 USD
Common Call Option Buy Transaction 100 6.0000 USD American 2025-09-19 0.3400 USD
Common Call Option Buy Transaction 300 7.0000 USD American 2026-01-16 0.4500 USD
Common Call Option Buy Transaction 100 6.0000 USD American 2025-10-17 0.4500 USD
Common Call Option Buy Transaction 100 7.0000 USD American 2026-01-16 0.4800 USD
Common Call Option Buy Transaction 100 6.0000 USD American 2025-10-17 0.4800 USD
Common Call Option Buy Transaction 100 6.0000 USD American 2025-10-17 0.4900 USD
Common Call Option Buy Transaction 100 6.0000 USD American 2026-01-16 0.9000 USD
Common Call Option Buy Transaction 100 6.0000 USD American 2026-01-16 0.9100 USD
Common Call Option Buy Transaction 200 6.0000 USD American 2026-04-17 1.1200 USD
Common Call Option Buy Transaction 300 5.0000 USD American 2025-10-17 1.1500 USD
Common Call Option Sell Transaction 1,300 7.0000 USD American 2025-10-17 0.2000 USD
Common Put Option Sell Transaction 100 6.0000 USD American 2025-09-19 0.2200 USD
Common Call Option Sell Transaction 7,100 7.0000 USD American 2025-10-17 0.2500 USD
Common Call Option Sell Transaction 100 6.0000 USD American 2025-09-19 0.3000 USD
Common Call Option Sell Transaction 200 7.0000 USD American 2026-01-16 0.4300 USD
Common Call Option Sell Transaction 100 6.0000 USD American 2025-10-17 0.4400 USD
Common Call Option Sell Transaction 100 6.0000 USD American 2025-10-17 0.4500 USD
Common Call Option Sell Transaction 1,900 6.0000 USD American 2025-09-19 0.4500 USD
Common Call Option Sell Transaction 100 7.0000 USD American 2026-01-16 0.5000 USD
Common Call Option Sell Transaction 18,700 6.0000 USD American 2026-04-17 1.1000 USD
Common Call Option Sell Transaction 1,800 5.0000 USD American 2025-10-17 1.1500 USD
Common Call Option Sell Transaction 23,100 6.0000 USD American 2026-04-17 1.1500 USD
Common Call Option Sell Transaction 400 5.0000 USD American 2026-12-18 2.4500 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: 28 August 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 Call Option Purchased 1,400 5.0 USD American 19/09/2025
Common Put Option Purchased -8,200 6.0 USD American 16/01/2026
Common Call Option Purchased 5,200 6.0 USD American 19/09/2025
Common Call Option Purchased 1,000 5.0 USD American 17/04/2026
Common Put Option Purchased -500 3.0 USD American 17/04/2026
Common Call Option Purchased 300 2.0 USD American 17/10/2025
Common Put Option Purchased -10,700 5.0 USD American 17/04/2026
Common Put Option Purchased -400 5.0 USD American 19/09/2025
Common Call Option Purchased 100 8.0 USD American 16/01/2026
Common Call Option Purchased 300 3.0 USD American 17/10/2025
Common Put Option Purchased -215,600 4.0 USD American 16/01/2026
Common Put Option Purchased -100 7.0 USD American 17/10/2025
Common Call Option Purchased 44,200 6.0 USD American 16/01/2026
Common Call Option Purchased 3,000 10.0 USD American 16/01/2026
Common Put Option Purchased -1,200 5.0 USD American 17/07/2026
Common Call Option Purchased 100 4.0 USD American 19/09/2025
Common Call Option Purchased 800 3.0 USD American 17/07/2026
Common Call Option Purchased 35,900 6.0 USD American 17/10/2025
Common Call Option Purchased 15,700 4.0 USD American 17/10/2025
Common Call Option Purchased 1,000 8.0 USD American 17/10/2025
Common Put Option Purchased -17,200 3.0 USD American 16/01/2026
Common Call Option Purchased 14,100 7.0 USD American 17/10/2025
Common Call Option Sold -6,200 12.0 USD American 16/01/2026
Common Call Option Sold -54,300 5.0 USD American 16/01/2026
Common Call Option Sold -100 1.0 USD American 17/07/2026
Common Call Option Sold -12,500 15.0 USD American 16/01/2026
Common Call Option Sold -400 5.0 USD American 18/12/2026
Common Put Option Sold 92,700 5.0 USD American 16/01/2026
Common Call Option Sold -1,000 10.0 USD American 17/07/2026
Common Put Option Sold 600 3.0 USD American 17/10/2025
Common Call Option Sold -107,500 7.0 USD American 16/01/2026
Common Put Option Sold 800 5.0 USD American 17/10/2025
Common Put Option Sold 600 6.0 USD American 19/09/2025
Common Call Option Sold -1,400 4.0 USD American 16/01/2026
Common Call Option Sold -41,600 5.0 USD American 17/07/2026
Common Call Option Sold -1,000 7.0 USD American 17/07/2026
Common Put Option Sold 100 6.0 USD American 17/10/2025
Common Call Option Sold -131,900 5.0 USD American 17/10/2025
Common Call Option Sold -900 4.0 USD American 17/07/2026
Common Call Option Sold -1,400 3.0 USD American 16/01/2026
Common Call Option Sold -41,600 6.0 USD American 17/04/2026

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 .

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 [email protected] or visit 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.

END

RETPKFBPKBKDQFB

Talk to a Data Expert

Have a question? We'll get back to you promptly.