Citadel Group

Major Shareholding Notification • Sep 10, 2025

National Storage Mechanism | Additional information

RNS Number : 8034Y

Citadel Group

10 September 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	DOWLAIS GROUP PLC
(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	9 September 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 AMERICAN AXLE & MANUFACTURING HOLDINGS INC

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 GB00BMWRZ071 1p ordinary
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	868	0.00	240,380	0.01
(2) Cash-settled derivatives:	0	0.00	1,054,125	0.08
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0.00	0	0.00
TOTAL:	868	0.00	1,294,505	0.09

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	190	0.7880 GBP
Common	Buy Transaction	164	0.7890 GBP
Common	Buy Transaction	2,888	0.7895 GBP
Common	Buy Transaction	7,302	0.7900 GBP
Common	Buy Transaction	3,538	0.7905 GBP
Common	Buy Transaction	31,743	0.7915 GBP
Common	Buy Transaction	8,583	0.7920 GBP
Common	Buy Transaction	133,127	0.7925 GBP
Common	Buy Transaction	2,462	0.7927 GBP
Common	Buy Transaction	60,376	0.7930 GBP
Common	Buy Transaction	4,017	0.7935 GBP
Common	Buy Transaction	2,488	0.7940 GBP
Common	Buy Transaction	915	0.7945 GBP
Common	Buy Transaction	8,921	0.7950 GBP
Common	Buy Transaction	40,590	0.7955 GBP
Common	Buy Transaction	45,782	0.7960 GBP
Common	Buy Transaction	5,455	0.7963 GBP
Common	Buy Transaction	8,801	0.7965 GBP
Common	Buy Transaction	2,053	0.7970 GBP
Common	Buy Transaction	3,296	0.7975 GBP
Common	Buy Transaction	703	0.7980 GBP
Common	Buy Transaction	7,718	0.7985 GBP
Common	Buy Transaction	20	0.8000 GBP
Common	Buy Transaction	1,574	0.8005 GBP
Common	Buy Transaction	1,487	0.8040 GBP
Common	Sell Transaction	40	0.7890 GBP
Common	Sell Transaction	4,561	0.7900 GBP
Common	Sell Transaction	13,371	0.7915 GBP
Common	Sell Transaction	25,012	0.7920 GBP
Common	Sell Transaction	48,344	0.7925 GBP
Common	Sell Transaction	7,033	0.7930 GBP
Common	Sell Transaction	5,369	0.7935 GBP
Common	Sell Transaction	14,532	0.7940 GBP
Common	Sell Transaction	25,870	0.7945 GBP
Common	Sell Transaction	8,038	0.7950 GBP
Common	Sell Transaction	24,689	0.7955 GBP
Common	Sell Transaction	75,039	0.7960 GBP
Common	Sell Transaction	21,747	0.7965 GBP
Common	Sell Transaction	5,921	0.7970 GBP
Common	Sell Transaction	17,555	0.7975 GBP
Common	Sell Transaction	3,687	0.7980 GBP
Common	Sell Transaction	2,827	0.7985 GBP
Common	Sell Transaction	518	0.7995 GBP
Common	Sell Transaction	54,557	0.8000 GBP
Common	Sell Transaction	2,141	0.8005 GBP
Common	Sell Transaction	482	0.8015 GBP

(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 short position	15,860	0.7916 GBP
Common	CFD	Increasing short position	29,973	0.7938 GBP
Common	CFD	Increasing short position	59,155	0.7948 GBP
Common	CFD	Increasing short position	59,644	0.7960 GBP
Common	CFD	Increasing short position	87,114	0.7978 GBP
Common	CFD	Reducing short position	565	0.8010 GBP
Common	CFD	Reducing short position	792	0.8043 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 e.g. American, European etc.	Expiry date	Option money paid/ received per unit

(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?	NO

Date of disclosure:	10 September 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 .

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