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Citadel Group
Major Shareholding Notification • Oct 15, 2025
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Major Shareholding Notification
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National Storage Mechanism | Additional information 
RNS Number : 5184D
Citadel Group
15 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 |
14 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: | 748,473 | 0.63 | 242,345 | 0.20 |
| (2) Cash-settled derivatives: | 0 | 0.00 | 0 | 0.00 |
| (3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 480,700 | 0.40 | 1,050,800 | 0.88 |
| TOTAL: | 1,229,173 | 1.03 | 1,293,145 | 1.08 |
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 | 200 | 5.3450 USD |
| Common | Buy Transaction | 265 | 5.3462 USD |
| Common | Buy Transaction | 1,295 | 5.3500 USD |
| Common | Buy Transaction | 1,700 | 5.3553 USD |
| Common | Buy Transaction | 140 | 5.3800 USD |
| Common | Buy Transaction | 451 | 5.3870 USD |
| Common | Buy Transaction | 1 | 5.4100 USD |
| Common | Buy Transaction | 187 | 5.4150 USD |
| Common | Buy Transaction | 2 | 5.4200 USD |
| Common | Buy Transaction | 129 | 5.4261 USD |
| Common | Buy Transaction | 1,116 | 5.4300 USD |
| Common | Buy Transaction | 183 | 5.4354 USD |
| Common | Buy Transaction | 500 | 5.4380 USD |
| Common | Buy Transaction | 406 | 5.4400 USD |
| Common | Buy Transaction | 100 | 5.4450 USD |
| Common | Buy Transaction | 1,400 | 5.4486 USD |
| Common | Buy Transaction | 2,907 | 5.4500 USD |
| Common | Buy Transaction | 1,614 | 5.4506 USD |
| Common | Buy Transaction | 200 | 5.4550 USD |
| Common | Buy Transaction | 2,381 | 5.4710 USD |
| Common | Buy Transaction | 75 | 5.4711 USD |
| Common | Buy Transaction | 17,692 | 5.4738 USD |
| Common | Buy Transaction | 1,419 | 5.4740 USD |
| Common | Buy Transaction | 523 | 5.4791 USD |
| Common | Buy Transaction | 650 | 5.4800 USD |
| Common | Buy Transaction | 10 | 5.4810 USD |
| Common | Buy Transaction | 774 | 5.4811 USD |
| Common | Buy Transaction | 54 | 5.4811 USD |
| Common | Buy Transaction | 285 | 5.4858 USD |
| Common | Buy Transaction | 21 | 5.4900 USD |
| Common | Buy Transaction | 88 | 5.4911 USD |
| Common | Buy Transaction | 12 | 5.4958 USD |
| Common | Buy Transaction | 300 | 5.5000 USD |
| Common | Buy Transaction | 46 | 5.5011 USD |
| Common | Buy Transaction | 2,877 | 5.5037 USD |
| Common | Buy Transaction | 300 | 5.5050 USD |
| Common | Buy Transaction | 1,000 | 5.5051 USD |
| Common | Buy Transaction | 370 | 5.5061 USD |
| Common | Buy Transaction | 2,790 | 5.5064 USD |
| Common | Buy Transaction | 545 | 5.5100 USD |
| Common | Buy Transaction | 2,616 | 5.5110 USD |
| Common | Buy Transaction | 50 | 5.5166 USD |
| Common | Buy Transaction | 305 | 5.5200 USD |
| Common | Buy Transaction | 167 | 5.5231 USD |
| Common | Buy Transaction | 307 | 5.5280 USD |
| Common | Buy Transaction | 187 | 5.5297 USD |
| Common | Buy Transaction | 146 | 5.5300 USD |
| Common | Buy Transaction | 3,509 | 5.5310 USD |
| Common | Buy Transaction | 15,071 | 5.5366 USD |
| Common | Buy Transaction | 2,435 | 5.5393 USD |
| Common | Buy Transaction | 35 | 5.5400 USD |
| Common | Buy Transaction | 14 | 5.5407 USD |
| Common | Buy Transaction | 3,978 | 5.5407 USD |
| Common | Buy Transaction | 500 | 5.5450 USD |
| Common | Buy Transaction | 312 | 5.5500 USD |
| Common | Buy Transaction | 5,500 | 5.5550 USD |
| Common | Buy Transaction | 1,610 | 5.5556 USD |
| Common | Buy Transaction | 641 | 5.5562 USD |
| Common | Buy Transaction | 3,482 | 5.5597 USD |
| Common | Buy Transaction | 104 | 5.5600 USD |
| Common | Buy Transaction | 1,040 | 5.5618 USD |
| Common | Buy Transaction | 513 | 5.5636 USD |
| Common | Buy Transaction | 501 | 5.5642 USD |
| Common | Buy Transaction | 873 | 5.5649 USD |
| Common | Buy Transaction | 586 | 5.5650 USD |
| Common | Buy Transaction | 546 | 5.5662 USD |
| Common | Buy Transaction | 32,160 | 5.5682 USD |
| Common | Buy Transaction | 300 | 5.5700 USD |
| Common | Buy Transaction | 2,152 | 5.5731 USD |
| Common | Buy Transaction | 400 | 5.5750 USD |
| Common | Buy Transaction | 132 | 5.5758 USD |
| Common | Buy Transaction | 6,863 | 5.5780 USD |
| Common | Buy Transaction | 922 | 5.5792 USD |
| Common | Buy Transaction | 1,500 | 5.5793 USD |
| Common | Buy Transaction | 3,501 | 5.5800 USD |
| Common | Buy Transaction | 1,157 | 5.5854 USD |
| Common | Buy Transaction | 558 | 5.5882 USD |
| Common | Buy Transaction | 2,603 | 5.5893 USD |
| Common | Buy Transaction | 735 | 5.5900 USD |
| Common | Buy Transaction | 3,432 | 5.5901 USD |
| Common | Buy Transaction | 177 | 5.5902 USD |
| Common | Buy Transaction | 166 | 5.5902 USD |
| Common | Buy Transaction | 34 | 5.5903 USD |
| Common | Buy Transaction | 540 | 5.5912 USD |
| Common | Buy Transaction | 2,022 | 5.5925 USD |
| Common | Buy Transaction | 91 | 5.5936 USD |
| Common | Buy Transaction | 744 | 5.5966 USD |
| Common | Buy Transaction | 4,831 | 5.5984 USD |
| Common | Buy Transaction | 784 | 5.5989 USD |
| Common | Buy Transaction | 130,254 | 5.6000 USD |
| Common | Buy Transaction | 24 | 5.6008 USD |
| Common | Buy Transaction | 2,227 | 5.6018 USD |
| Common | Buy Transaction | 2,900 | 5.6028 USD |
| Common | Buy Transaction | 585 | 5.6054 USD |
| Common | Buy Transaction | 8 | 5.6100 USD |
| Common | Buy Transaction | 6,197 | 5.6183 USD |
| Common | Buy Transaction | 241 | 5.6200 USD |
| Common | Sell Transaction | 1 | 5.2900 USD |
| Common | Sell Transaction | 138 | 5.3250 USD |
| Common | Sell Transaction | 10 | 5.3300 USD |
| Common | Sell Transaction | 30 | 5.3350 USD |
| Common | Sell Transaction | 200 | 5.3500 USD |
| Common | Sell Transaction | 3,239 | 5.4000 USD |
| Common | Sell Transaction | 2,800 | 5.4005 USD |
| Common | Sell Transaction | 901 | 5.4063 USD |
| Common | Sell Transaction | 150 | 5.4250 USD |
| Common | Sell Transaction | 1,067 | 5.4300 USD |
| Common | Sell Transaction | 900 | 5.4399 USD |
| Common | Sell Transaction | 4 | 5.4400 USD |
| Common | Sell Transaction | 5,004 | 5.4500 USD |
| Common | Sell Transaction | 959 | 5.4508 USD |
| Common | Sell Transaction | 700 | 5.4550 USD |
| Common | Sell Transaction | 818 | 5.4595 USD |
| Common | Sell Transaction | 1,556 | 5.4663 USD |
| Common | Sell Transaction | 24 | 5.4717 USD |
| Common | Sell Transaction | 19,270 | 5.4733 USD |
| Common | Sell Transaction | 277 | 5.4759 USD |
| Common | Sell Transaction | 2,386 | 5.4778 USD |
| Common | Sell Transaction | 1,976 | 5.4784 USD |
| Common | Sell Transaction | 7,652 | 5.4790 USD |
| Common | Sell Transaction | 1,588 | 5.4799 USD |
| Common | Sell Transaction | 146 | 5.4805 USD |
| Common | Sell Transaction | 66 | 5.4814 USD |
| Common | Sell Transaction | 6 | 5.4850 USD |
| Common | Sell Transaction | 211 | 5.4868 USD |
| Common | Sell Transaction | 6 | 5.4883 USD |
| Common | Sell Transaction | 2,930 | 5.4894 USD |
| Common | Sell Transaction | 29 | 5.4897 USD |
| Common | Sell Transaction | 820 | 5.4899 USD |
| Common | Sell Transaction | 3,100 | 5.4929 USD |
| Common | Sell Transaction | 1 | 5.4950 USD |
| Common | Sell Transaction | 594 | 5.4980 USD |
| Common | Sell Transaction | 2 | 5.5000 USD |
| Common | Sell Transaction | 1 | 5.5050 USD |
| Common | Sell Transaction | 1,474 | 5.5070 USD |
| Common | Sell Transaction | 98 | 5.5088 USD |
| Common | Sell Transaction | 3,100 | 5.5090 USD |
| Common | Sell Transaction | 5,427 | 5.5126 USD |
| Common | Sell Transaction | 11,100 | 5.5140 USD |
| Common | Sell Transaction | 1,200 | 5.5158 USD |
| Common | Sell Transaction | 2,100 | 5.5174 USD |
| Common | Sell Transaction | 1,131 | 5.5182 USD |
| Common | Sell Transaction | 86 | 5.5195 USD |
| Common | Sell Transaction | 400 | 5.5200 USD |
| Common | Sell Transaction | 900 | 5.5206 USD |
| Common | Sell Transaction | 7,005 | 5.5228 USD |
| Common | Sell Transaction | 14,500 | 5.5269 USD |
| Common | Sell Transaction | 624 | 5.5302 USD |
| Common | Sell Transaction | 1,301 | 5.5318 USD |
| Common | Sell Transaction | 1,888 | 5.5366 USD |
| Common | Sell Transaction | 789 | 5.5376 USD |
| Common | Sell Transaction | 6 | 5.5383 USD |
| Common | Sell Transaction | 228 | 5.5384 USD |
| Common | Sell Transaction | 66,637 | 5.5429 USD |
| Common | Sell Transaction | 3,620 | 5.5445 USD |
| Common | Sell Transaction | 6,200 | 5.5450 USD |
| Common | Sell Transaction | 1 | 5.5500 USD |
| Common | Sell Transaction | 301 | 5.5534 USD |
| Common | Sell Transaction | 118 | 5.5578 USD |
| Common | Sell Transaction | 44 | 5.5589 USD |
| Common | Sell Transaction | 16,351 | 5.5589 USD |
| Common | Sell Transaction | 1,267 | 5.5676 USD |
| Common | Sell Transaction | 1,704 | 5.5695 USD |
| Common | Sell Transaction | 1,317 | 5.5700 USD |
| Common | Sell Transaction | 2 | 5.5750 USD |
| Common | Sell Transaction | 8,105 | 5.5788 USD |
| Common | Sell Transaction | 25,245 | 5.5796 USD |
| Common | Sell Transaction | 528 | 5.5800 USD |
| Common | Sell Transaction | 3,479 | 5.5810 USD |
| Common | Sell Transaction | 4,724 | 5.5832 USD |
| Common | Sell Transaction | 100 | 5.5850 USD |
| Common | Sell Transaction | 6,250 | 5.5893 USD |
| Common | Sell Transaction | 1 | 5.5900 USD |
| Common | Sell Transaction | 1,119 | 5.5930 USD |
| Common | Sell Transaction | 300 | 5.5967 USD |
| Common | Sell Transaction | 156,916 | 5.6000 USD |
| Common | Sell Transaction | 310 | 5.6006 USD |
| Common | Sell Transaction | 174 | 5.6047 USD |
| Common | Sell Transaction | 2 | 5.6050 USD |
| Common | Sell Transaction | 288 | 5.6050 USD |
| Common | Sell Transaction | 13 | 5.6077 USD |
| Common | Sell Transaction | 300 | 5.6100 USD |
| Common | Sell Transaction | 2,700 | 5.6159 USD |
| Common | Sell Transaction | 464 | 5.6163 USD |
| Common | Sell Transaction | 153 | 5.6169 USD |
| Common | Sell Transaction | 358 | 5.6188 USD |
| Common | Sell Transaction | 2,278 | 5.6197 USD |
| Common | Sell Transaction | 25 | 5.6200 USD |
| Common | Sell Transaction | 508 | 5.6260 USD |
| Common | Sell Transaction | 100 | 5.6300 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 | 4.0000 USD | American | 2026-01-16 | 0.1500 USD |
| Common | Put Option | Buy Transaction | 200 | 4.0000 USD | American | 2026-01-16 | 0.1700 USD |
| Common | Put Option | Buy Transaction | 100 | 4.0000 USD | American | 2026-01-16 | 0.2000 USD |
| Common | Put Option | Buy Transaction | 1,200 | 5.0000 USD | American | 2025-11-21 | 0.2500 USD |
| Common | Put Option | Buy Transaction | 200 | 4.0000 USD | American | 2026-07-17 | 0.3400 USD |
| Common | Put Option | Buy Transaction | 200 | 5.0000 USD | American | 2026-01-16 | 0.4100 USD |
| Common | Put Option | Buy Transaction | 200 | 7.0000 USD | American | 2026-01-16 | 1.7800 USD |
| Common | Put Option | Sell Transaction | 100 | 4.0000 USD | American | 2026-01-16 | 0.1300 USD |
| Common | Call Option | Sell Transaction | 2,000 | 10.0000 USD | American | 2026-07-17 | 0.1900 USD |
| Common | Call Option | Sell Transaction | 1,000 | 10.0000 USD | American | 2026-07-17 | 0.2000 USD |
| Common | Put Option | Sell Transaction | 200 | 5.0000 USD | American | 2026-01-16 | 0.3800 USD |
| Common | Call Option | Sell Transaction | 300 | 7.0000 USD | American | 2026-04-17 | 0.4500 USD |
| Common | Put Option | Sell Transaction | 100 | 7.0000 USD | American | 2026-01-16 | 1.6900 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: | 15 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 | -17,200 | 3.0 USD | American | 16/01/2026 |
| Common | Put Option | Purchased | -2,200 | 7.0 USD | American | 17/07/2026 |
| Common | Call Option | Purchased | 3,100 | 10.0 USD | American | 16/01/2026 |
| Common | Call Option | Purchased | 300 | 3.0 USD | American | 17/10/2025 |
| Common | Call Option | Purchased | 2,500 | 5.0 USD | American | 17/04/2026 |
| Common | Put Option | Purchased | -10,900 | 5.0 USD | American | 17/04/2026 |
| Common | Put Option | Purchased | -900 | 7.0 USD | American | 17/10/2025 |
| Common | Put Option | Purchased | -300 | 7.0 USD | American | 16/01/2026 |
| Common | Call Option | Purchased | 175,900 | 5.0 USD | American | 17/10/2025 |
| Common | Call Option | Purchased | 22,600 | 6.0 USD | American | 17/04/2026 |
| Common | Call Option | Purchased | 200 | 11.0 USD | American | 17/04/2026 |
| Common | Put Option | Purchased | -500 | 3.0 USD | American | 18/12/2026 |
| Common | Call Option | Purchased | 35,000 | 10.0 USD | American | 17/07/2026 |
| Common | Call Option | Purchased | 15,700 | 4.0 USD | American | 17/10/2025 |
| Common | Call Option | Purchased | 5,400 | 7.0 USD | American | 18/12/2026 |
| Common | Call Option | Purchased | 48,200 | 6.0 USD | American | 17/10/2025 |
| Common | Put Option | Purchased | -218,200 | 4.0 USD | American | 16/01/2026 |
| Common | Call Option | Purchased | 2,800 | 7.0 USD | American | 17/07/2026 |
| Common | Call Option | Purchased | 0 | 5.0 USD | American | 21/11/2025 |
| Common | Call Option | Purchased | 9,500 | 7.0 USD | American | 17/10/2025 |
| Common | Call Option | Purchased | 800 | 3.0 USD | American | 17/07/2026 |
| Common | Put Option | Purchased | -100 | 6.0 USD | American | 17/04/2026 |
| Common | Call Option | Purchased | 300 | 2.0 USD | American | 17/10/2025 |
| Common | Call Option | Purchased | 200 | 8.0 USD | American | 21/11/2025 |
| Common | Put Option | Purchased | -400 | 4.0 USD | American | 17/04/2026 |
| Common | Put Option | Purchased | -1,000 | 3.0 USD | American | 17/04/2026 |
| Common | Call Option | Purchased | 1,000 | 8.0 USD | American | 17/10/2025 |
| Common | Put Option | Purchased | -2,000 | 5.0 USD | American | 21/11/2025 |
| Common | Put Option | Purchased | -4,400 | 6.0 USD | American | 16/01/2026 |
| Common | Put Option | Purchased | -3,300 | 5.0 USD | American | 17/07/2026 |
| Common | Put Option | Sold | 300 | 6.0 USD | American | 21/11/2025 |
| Common | Put Option | Sold | 2,200 | 5.0 USD | American | 17/10/2025 |
| Common | Put Option | Sold | 300 | 6.0 USD | American | 17/10/2025 |
| Common | Call Option | Sold | -1,000 | 5.0 USD | American | 21/01/2028 |
| Common | Call Option | Sold | -2,100 | 7.0 USD | American | 21/11/2025 |
| Common | Put Option | Sold | 91,400 | 5.0 USD | American | 16/01/2026 |
| Common | Call Option | Sold | -151,300 | 7.0 USD | American | 16/01/2026 |
| Common | Call Option | Sold | -1,400 | 4.0 USD | American | 16/01/2026 |
| Common | Put Option | Sold | 62,200 | 4.0 USD | American | 17/07/2026 |
| Common | Call Option | Sold | -100 | 1.0 USD | American | 17/07/2026 |
| Common | Call Option | Sold | -200 | 10.0 USD | American | 17/04/2026 |
| Common | Call Option | Sold | -200 | 8.0 USD | American | 16/01/2026 |
| Common | Put Option | Sold | 100 | 5.0 USD | American | 18/12/2026 |
| Common | Put Option | Sold | 600 | 3.0 USD | American | 17/10/2025 |
| Common | Call Option | Sold | -39,400 | 5.0 USD | American | 17/07/2026 |
| Common | Call Option | Sold | -6,200 | 12.0 USD | American | 16/01/2026 |
| Common | Call Option | Sold | -100 | 10.0 USD | American | 18/12/2026 |
| Common | Call Option | Sold | -12,500 | 15.0 USD | American | 16/01/2026 |
| Common | Call Option | Sold | -400 | 8.0 USD | American | 17/04/2026 |
| Common | Call Option | Sold | -9,100 | 6.0 USD | American | 16/01/2026 |
| Common | Call Option | Sold | -200 | 7.0 USD | American | 21/01/2028 |
| Common | Call Option | Sold | -52,500 | 5.0 USD | American | 16/01/2026 |
| Common | Put Option | Sold | 100 | 3.0 USD | American | 17/07/2026 |
| Common | Call Option | Sold | -508,700 | 7.0 USD | American | 17/04/2026 |
| Common | Call Option | Sold | -1,200 | 6.0 USD | American | 21/11/2025 |
| Common | Call Option | Sold | -800 | 4.0 USD | American | 17/07/2026 |
| Common | Call Option | Sold | -200 | 9.0 USD | American | 17/04/2026 |
| Common | Call Option | Sold | -1,400 | 3.0 USD | American | 16/01/2026 |
| Common | Call Option | Sold | -400 | 5.0 USD | American | 18/12/2026 |
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 .
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