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 Oct 6, 2025

10454_rns_2025-10-06_0510258b-3c1c-434d-b744-eccc8643b1c1.html

Major Shareholding Notification

Open in Viewer

Opens in native device viewer

National Storage Mechanism | Additional information

RNS Number : 2265C

Citadel Group

06 October 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
3 October 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: 1,093,682 0.92 5,825 0.00
(2) Cash-settled derivatives: 0 0.00 0 0.00
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: 428,300 0.36 1,041,100 0.87
TOTAL: 1,521,982 1.28 1,046,925 0.88

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 6.0400 USD
Common Buy Transaction 9 6.0489 USD
Common Buy Transaction 185 6.0626 USD
Common Buy Transaction 883 6.0700 USD
Common Buy Transaction 414 6.0800 USD
Common Buy Transaction 1,182 6.0955 USD
Common Buy Transaction 8,822 6.1000 USD
Common Buy Transaction 730 6.1050 USD
Common Buy Transaction 894 6.1099 USD
Common Buy Transaction 250 6.1100 USD
Common Buy Transaction 300 6.1100 USD
Common Buy Transaction 1,802 6.1137 USD
Common Buy Transaction 121 6.1145 USD
Common Buy Transaction 7 6.1193 USD
Common Buy Transaction 810 6.1200 USD
Common Buy Transaction 100 6.1200 USD
Common Buy Transaction 2,655 6.1257 USD
Common Buy Transaction 16,613 6.1286 USD
Common Buy Transaction 160 6.1305 USD
Common Buy Transaction 225 6.1316 USD
Common Buy Transaction 20 6.1365 USD
Common Buy Transaction 307 6.1367 USD
Common Buy Transaction 1,359 6.1369 USD
Common Buy Transaction 1,000 6.1400 USD
Common Buy Transaction 910 6.1410 USD
Common Buy Transaction 1,300 6.1432 USD
Common Buy Transaction 20 6.1450 USD
Common Buy Transaction 353 6.1462 USD
Common Buy Transaction 739 6.1477 USD
Common Buy Transaction 1,187 6.1486 USD
Common Buy Transaction 1,359 6.1512 USD
Common Buy Transaction 1,532 6.1517 USD
Common Buy Transaction 111 6.1595 USD
Common Buy Transaction 1 6.1600 USD
Common Buy Transaction 2,032 6.1602 USD
Common Buy Transaction 4,345 6.1606 USD
Common Buy Transaction 912 6.1616 USD
Common Buy Transaction 400 6.1650 USD
Common Buy Transaction 2,454 6.1669 USD
Common Buy Transaction 1,195 6.1696 USD
Common Buy Transaction 444 6.1700 USD
Common Buy Transaction 1,300 6.1710 USD
Common Buy Transaction 4,268 6.1750 USD
Common Buy Transaction 303 6.1800 USD
Common Buy Transaction 1,549 6.1826 USD
Common Buy Transaction 515 6.1845 USD
Common Buy Transaction 426 6.1858 USD
Common Buy Transaction 7 6.1864 USD
Common Buy Transaction 3,400 6.1871 USD
Common Buy Transaction 2 6.1900 USD
Common Buy Transaction 9 6.1922 USD
Common Buy Transaction 95 6.1929 USD
Common Buy Transaction 437 6.1932 USD
Common Buy Transaction 8 6.1950 USD
Common Buy Transaction 680 6.2014 USD
Common Buy Transaction 8,717 6.2018 USD
Common Buy Transaction 2,042 6.2079 USD
Common Buy Transaction 478 6.2109 USD
Common Buy Transaction 16,211 6.2154 USD
Common Buy Transaction 260 6.2198 USD
Common Buy Transaction 51,245 6.2200 USD
Common Buy Transaction 1,840 6.2203 USD
Common Buy Transaction 1,521 6.2238 USD
Common Buy Transaction 94 6.2250 USD
Common Buy Transaction 868 6.2289 USD
Common Buy Transaction 1,633 6.2318 USD
Common Buy Transaction 1 6.2350 USD
Common Buy Transaction 358 6.2358 USD
Common Buy Transaction 450 6.2389 USD
Common Buy Transaction 754 6.2400 USD
Common Buy Transaction 19,432 6.2411 USD
Common Buy Transaction 1,063 6.2418 USD
Common Buy Transaction 317 6.2427 USD
Common Buy Transaction 1,600 6.2450 USD
Common Buy Transaction 2,580 6.2500 USD
Common Buy Transaction 287 6.2521 USD
Common Buy Transaction 5,000 6.2550 USD
Common Buy Transaction 25 6.2700 USD
Common Sell Transaction 348 6.0450 USD
Common Sell Transaction 22 6.0500 USD
Common Sell Transaction 200 6.0543 USD
Common Sell Transaction 300 6.0700 USD
Common Sell Transaction 391 6.0726 USD
Common Sell Transaction 200 6.0750 USD
Common Sell Transaction 190 6.0753 USD
Common Sell Transaction 2,614 6.0800 USD
Common Sell Transaction 200 6.0850 USD
Common Sell Transaction 100 6.0938 USD
Common Sell Transaction 2,111 6.0966 USD
Common Sell Transaction 1,200 6.0975 USD
Common Sell Transaction 1,398 6.1000 USD
Common Sell Transaction 602 6.1100 USD
Common Sell Transaction 14,700 6.1200 USD
Common Sell Transaction 1,936 6.1300 USD
Common Sell Transaction 6,600 6.1350 USD
Common Sell Transaction 608 6.1400 USD
Common Sell Transaction 677 6.1500 USD
Common Sell Transaction 3,515 6.1504 USD
Common Sell Transaction 899 6.1600 USD
Common Sell Transaction 637 6.1601 USD
Common Sell Transaction 800 6.1610 USD
Common Sell Transaction 437 6.1623 USD
Common Sell Transaction 4,500 6.1650 USD
Common Sell Transaction 100 6.1700 USD
Common Sell Transaction 1,571 6.1726 USD
Common Sell Transaction 584 6.1758 USD
Common Sell Transaction 1,400 6.1771 USD
Common Sell Transaction 5 6.1780 USD
Common Sell Transaction 52 6.1792 USD
Common Sell Transaction 700 6.1800 USD
Common Sell Transaction 145 6.1808 USD
Common Sell Transaction 28 6.1816 USD
Common Sell Transaction 2,000 6.1831 USD
Common Sell Transaction 4,700 6.1850 USD
Common Sell Transaction 298 6.1877 USD
Common Sell Transaction 348 6.1885 USD
Common Sell Transaction 109 6.1888 USD
Common Sell Transaction 275 6.1895 USD
Common Sell Transaction 1 6.1900 USD
Common Sell Transaction 685 6.1913 USD
Common Sell Transaction 109 6.1917 USD
Common Sell Transaction 708 6.1918 USD
Common Sell Transaction 500 6.1950 USD
Common Sell Transaction 2,300 6.1957 USD
Common Sell Transaction 4,464 6.2000 USD
Common Sell Transaction 9,213 6.2005 USD
Common Sell Transaction 300 6.2010 USD
Common Sell Transaction 1,873 6.2019 USD
Common Sell Transaction 132 6.2024 USD
Common Sell Transaction 123 6.2026 USD
Common Sell Transaction 1,179 6.2030 USD
Common Sell Transaction 2,346 6.2047 USD
Common Sell Transaction 942 6.2054 USD
Common Sell Transaction 588 6.2066 USD
Common Sell Transaction 357 6.2072 USD
Common Sell Transaction 510 6.2073 USD
Common Sell Transaction 1,245 6.2079 USD
Common Sell Transaction 373 6.2080 USD
Common Sell Transaction 2,704 6.2081 USD
Common Sell Transaction 2,500 6.2108 USD
Common Sell Transaction 8,430 6.2111 USD
Common Sell Transaction 259 6.2146 USD
Common Sell Transaction 429 6.2150 USD
Common Sell Transaction 214 6.2151 USD
Common Sell Transaction 1,722 6.2155 USD
Common Sell Transaction 448 6.2165 USD
Common Sell Transaction 57,251 6.2200 USD
Common Sell Transaction 55,481 6.2206 USD
Common Sell Transaction 218 6.2208 USD
Common Sell Transaction 232 6.2216 USD
Common Sell Transaction 271 6.2226 USD
Common Sell Transaction 12,921 6.2233 USD
Common Sell Transaction 20,650 6.2252 USD
Common Sell Transaction 192 6.2287 USD
Common Sell Transaction 596 6.2300 USD
Common Sell Transaction 61 6.2305 USD
Common Sell Transaction 110 6.2309 USD
Common Sell Transaction 1,367 6.2311 USD
Common Sell Transaction 463 6.2314 USD
Common Sell Transaction 173 6.2321 USD
Common Sell Transaction 300 6.2333 USD
Common Sell Transaction 65 6.2345 USD
Common Sell Transaction 1,282 6.2350 USD
Common Sell Transaction 17,645 6.2357 USD
Common Sell Transaction 4,700 6.2389 USD
Common Sell Transaction 487 6.2391 USD
Common Sell Transaction 1,795 6.2400 USD
Common Sell Transaction 1,500 6.2417 USD
Common Sell Transaction 200 6.2421 USD
Common Sell Transaction 4,269 6.2466 USD
Common Sell Transaction 588 6.2481 USD
Common Sell Transaction 1,495 6.2500 USD
Common Sell Transaction 180 6.2501 USD
Common Sell Transaction 400 6.2525 USD
Common Sell Transaction 1,850 6.2600 USD
Common Sell Transaction 2,350 6.2627 USD
Common Sell Transaction 418 6.2650 USD
Common Sell Transaction 1,161 6.2650 USD
Common Sell Transaction 281 6.2650 USD
Common Sell Transaction 64 6.2661 USD
Common Sell Transaction 181 6.2672 USD
Common Sell Transaction 592 6.2694 USD
Common Sell Transaction 25 6.2700 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 Put Option Buy Transaction 100 5.0000 USD American 2026-04-17 0.4200 USD
Common Put Option Buy Transaction 100 5.0000 USD American 2026-07-17 0.4500 USD
Common Put Option Buy Transaction 100 7.0000 USD American 2025-10-17 0.9000 USD
Common Call Option Sell Transaction 100 9.0000 USD American 2026-04-17 0.2500 USD
Common Call Option Sell Transaction 100 10.0000 USD American 2026-07-17 0.2700 USD
Common Put Option Sell Transaction 100 5.0000 USD American 2026-04-17 0.3100 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: 6 October 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 -2,800 5.0 USD American 17/07/2026
Common Call Option Purchased 3,100 10.0 USD American 16/01/2026
Common Put Option Purchased -500 3.0 USD American 18/12/2026
Common Put Option Purchased -17,200 3.0 USD American 16/01/2026
Common Put Option Purchased -10,300 5.0 USD American 17/04/2026
Common Call Option Purchased 49,800 6.0 USD American 17/10/2025
Common Call Option Purchased 2,600 5.0 USD American 17/04/2026
Common Call Option Purchased 200 8.0 USD American 21/11/2025
Common Call Option Purchased 200 11.0 USD American 17/04/2026
Common Call Option Purchased 14,900 6.0 USD American 17/04/2026
Common Put Option Purchased -900 3.0 USD American 17/04/2026
Common Put Option Purchased -2,200 7.0 USD American 17/07/2026
Common Put Option Purchased -800 7.0 USD American 17/10/2025
Common Call Option Purchased 10,800 6.0 USD American 16/01/2026
Common Call Option Purchased 38,100 10.0 USD American 17/07/2026
Common Call Option Purchased 1,000 8.0 USD American 17/10/2025
Common Put Option Purchased -8,200 6.0 USD American 16/01/2026
Common Call Option Purchased 15,700 4.0 USD American 17/10/2025
Common Call Option Purchased 176,700 5.0 USD American 17/10/2025
Common Call Option Purchased 300 3.0 USD American 17/10/2025
Common Call Option Purchased 2,700 7.0 USD American 17/07/2026
Common Call Option Purchased 800 3.0 USD American 17/07/2026
Common Call Option Purchased 300 2.0 USD American 17/10/2025
Common Call Option Purchased 9,500 7.0 USD American 17/10/2025
Common Call Option Purchased 6,000 7.0 USD American 18/12/2026
Common Put Option Purchased -217,400 4.0 USD American 16/01/2026
Common Put Option Purchased -200 7.0 USD American 16/01/2026
Common Call Option Sold -12,500 15.0 USD American 16/01/2026
Common Call Option Sold -900 4.0 USD American 17/07/2026
Common Put Option Sold 200 6.0 USD American 17/10/2025
Common Call Option Sold -200 10.0 USD American 17/04/2026
Common Call Option Sold -400 5.0 USD American 18/12/2026
Common Call Option Sold -300 8.0 USD American 17/04/2026
Common Put Option Sold 91,600 5.0 USD American 16/01/2026
Common Call Option Sold -200 8.0 USD American 16/01/2026
Common Call Option Sold -1,400 4.0 USD American 16/01/2026
Common Call Option Sold -1,400 3.0 USD American 16/01/2026
Common Call Option Sold -6,200 12.0 USD American 16/01/2026
Common Call Option Sold -508,400 7.0 USD American 17/04/2026
Common Call Option Sold -52,500 5.0 USD American 16/01/2026
Common Call Option Sold -39,400 5.0 USD American 17/07/2026
Common Call Option Sold -100 1.0 USD American 17/07/2026
Common Put Option Sold 700 4.0 USD American 17/04/2026
Common Put Option Sold 1,700 5.0 USD American 17/10/2025
Common Call Option Sold -300 9.0 USD American 17/04/2026
Common Put Option Sold 100 5.0 USD American 18/12/2026
Common Put Option Sold 600 6.0 USD American 21/11/2025
Common Put Option Sold 100 4.0 USD American 17/07/2026
Common Call Option Sold -1,600 7.0 USD American 21/11/2025
Common Put Option Sold 600 3.0 USD American 17/10/2025
Common Call Option Sold -154,000 7.0 USD American 16/01/2026
Common Call Option Sold -800 6.0 USD American 21/11/2025

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 .

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

RETPKABPKBDDBKK

Talk to a Data Expert

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