Citadel Group — Major Shareholding Notification 2025

Feb 27, 2025

National Storage Mechanism | Additional information

RNS Number : 7535Y

Citadel Group

27 February 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	26 February 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:	1,119,753	0.95	1,208,685	1.02
(2) Cash-settled derivatives:	0	0.00	0	0.00
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	449,400	0.38	586,800	0.49
TOTAL:	1,569,153	1.33	1,795,485	1.52

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	825	5.1988 USD
Common	Buy Transaction	636	5.1989 USD
Common	Buy Transaction	6,703	5.2000 USD
Common	Buy Transaction	736	5.2018 USD
Common	Buy Transaction	1,672	5.2043 USD
Common	Buy Transaction	1,600	5.2056 USD
Common	Buy Transaction	266	5.2062 USD
Common	Buy Transaction	825	5.2085 USD
Common	Buy Transaction	1,947	5.2088 USD
Common	Buy Transaction	112	5.2100 USD
Common	Buy Transaction	326	5.2123 USD
Common	Buy Transaction	2,149	5.2130 USD
Common	Buy Transaction	2,726	5.2133 USD
Common	Buy Transaction	2,019	5.2137 USD
Common	Buy Transaction	1,073	5.2149 USD
Common	Buy Transaction	297	5.2150 USD
Common	Buy Transaction	1,035	5.2150 USD
Common	Buy Transaction	159	5.2170 USD
Common	Buy Transaction	586	5.2195 USD
Common	Buy Transaction	605	5.2200 USD
Common	Buy Transaction	1,769	5.2256 USD
Common	Buy Transaction	1,147	5.2260 USD
Common	Buy Transaction	946	5.2260 USD
Common	Buy Transaction	600	5.2267 USD
Common	Buy Transaction	1,904	5.2269 USD
Common	Buy Transaction	1,735	5.2300 USD
Common	Buy Transaction	4,341	5.2355 USD
Common	Buy Transaction	118	5.2381 USD
Common	Buy Transaction	2,607	5.2382 USD
Common	Buy Transaction	1,700	5.2412 USD
Common	Buy Transaction	252	5.2437 USD
Common	Buy Transaction	1,692	5.2443 USD
Common	Buy Transaction	472	5.2471 USD
Common	Buy Transaction	72	5.2500 USD
Common	Buy Transaction	574	5.2532 USD
Common	Buy Transaction	1,719	5.2535 USD
Common	Buy Transaction	5,030	5.2543 USD
Common	Buy Transaction	14,346	5.2570 USD
Common	Buy Transaction	108	5.2589 USD
Common	Buy Transaction	269	5.2596 USD
Common	Buy Transaction	200	5.2600 USD
Common	Buy Transaction	408	5.2605 USD
Common	Buy Transaction	734	5.2644 USD
Common	Buy Transaction	66	5.2644 USD
Common	Buy Transaction	549	5.2648 USD
Common	Buy Transaction	5,098	5.2648 USD
Common	Buy Transaction	1,203	5.2650 USD
Common	Buy Transaction	52	5.2660 USD
Common	Buy Transaction	576	5.2662 USD
Common	Buy Transaction	1,010	5.2675 USD
Common	Buy Transaction	51	5.2675 USD
Common	Buy Transaction	9,500	5.2694 USD
Common	Buy Transaction	6,618	5.2696 USD
Common	Buy Transaction	4,368	5.2700 USD
Common	Buy Transaction	120	5.2706 USD
Common	Buy Transaction	22	5.2709 USD
Common	Buy Transaction	38	5.2711 USD
Common	Buy Transaction	400	5.2713 USD
Common	Buy Transaction	7,687	5.2723 USD
Common	Buy Transaction	910	5.2744 USD
Common	Buy Transaction	293	5.2757 USD
Common	Buy Transaction	4,299	5.2759 USD
Common	Buy Transaction	264	5.2763 USD
Common	Buy Transaction	396	5.2769 USD
Common	Buy Transaction	3,494	5.2774 USD
Common	Buy Transaction	165	5.2777 USD
Common	Buy Transaction	731	5.2784 USD
Common	Buy Transaction	2,554	5.2787 USD
Common	Buy Transaction	8,820	5.2800 USD
Common	Buy Transaction	925	5.2814 USD
Common	Buy Transaction	256	5.2819 USD
Common	Buy Transaction	1,080	5.2820 USD
Common	Buy Transaction	69	5.2827 USD
Common	Buy Transaction	1,759	5.2837 USD
Common	Buy Transaction	8	5.2838 USD
Common	Buy Transaction	6	5.2850 USD
Common	Buy Transaction	215	5.2858 USD
Common	Buy Transaction	601	5.2883 USD
Common	Buy Transaction	28,330	5.2900 USD
Common	Buy Transaction	100	5.2910 USD
Common	Buy Transaction	1,300	5.2915 USD
Common	Buy Transaction	356	5.2922 USD
Common	Buy Transaction	427	5.2932 USD
Common	Buy Transaction	110	5.2950 USD
Common	Buy Transaction	234	5.2955 USD
Common	Buy Transaction	5,809	5.2966 USD
Common	Buy Transaction	1,100	5.2973 USD
Common	Buy Transaction	944	5.2993 USD
Common	Buy Transaction	54	5.3000 USD
Common	Buy Transaction	1,454	5.3000 USD
Common	Buy Transaction	2,998	5.3006 USD
Common	Buy Transaction	401	5.3024 USD
Common	Buy Transaction	626	5.3028 USD
Common	Buy Transaction	1,328	5.3032 USD
Common	Buy Transaction	300	5.3033 USD
Common	Buy Transaction	3,201	5.3034 USD
Common	Buy Transaction	2,217	5.3044 USD
Common	Buy Transaction	1,555	5.3057 USD
Common	Buy Transaction	682	5.3067 USD
Common	Buy Transaction	359	5.3068 USD
Common	Buy Transaction	152	5.3100 USD
Common	Buy Transaction	49	5.3100 USD
Common	Buy Transaction	1,400	5.3129 USD
Common	Buy Transaction	510	5.3150 USD
Common	Buy Transaction	511	5.3153 USD
Common	Buy Transaction	520	5.3154 USD
Common	Buy Transaction	500	5.3160 USD
Common	Buy Transaction	2,750	5.3163 USD
Common	Buy Transaction	18	5.3194 USD
Common	Buy Transaction	955	5.3258 USD
Common	Buy Transaction	84	5.3300 USD
Common	Buy Transaction	5,968	5.3301 USD
Common	Buy Transaction	2,432	5.3342 USD
Common	Buy Transaction	300	5.3350 USD
Common	Buy Transaction	500	5.3380 USD
Common	Buy Transaction	4,700	5.3450 USD
Common	Buy Transaction	2,070	5.3495 USD
Common	Buy Transaction	602	5.3500 USD
Common	Buy Transaction	2,697	5.3550 USD
Common	Buy Transaction	1,814	5.3600 USD
Common	Buy Transaction	15	5.3700 USD
Common	Buy Transaction	3,800	5.3710 USD
Common	Buy Transaction	105	5.3736 USD
Common	Buy Transaction	4	5.3800 USD
Common	Buy Transaction	120	5.4100 USD
Common	DVP Transaction	3	5.2000 USD
Common	DVP Transaction	1,426	5.2200 USD
Common	DVP Transaction	118	5.2300 USD
Common	DVP Transaction	191	5.2434 USD
Common	DVP Transaction	12	5.2567 USD
Common	DVP Transaction	52	5.2594 USD
Common	DVP Transaction	90	5.2650 USD
Common	DVP Transaction	92	5.2739 USD
Common	DVP Transaction	2	5.2750 USD
Common	DVP Transaction	100	5.2770 USD
Common	DVP Transaction	120	5.2838 USD
Common	DVP Transaction	4,572	5.2900 USD
Common	DVP Transaction	23	5.2987 USD
Common	DVP Transaction	30	5.3050 USD
Common	DVP Transaction	146	5.3076 USD
Common	DVP Transaction	20	5.3150 USD
Common	DVP Transaction	96	5.3250 USD
Common	DVP Transaction	3,323	5.3450 USD
Common	DVP Transaction	2,697	5.3550 USD
Common	RVP Transaction	3	5.2000 USD
Common	RVP Transaction	1,426	5.2200 USD
Common	RVP Transaction	100	5.2332 USD
Common	RVP Transaction	896	5.2740 USD
Common	RVP Transaction	4,572	5.2900 USD
Common	RVP Transaction	96	5.3250 USD
Common	RVP Transaction	3,323	5.3450 USD
Common	RVP Transaction	2,697	5.3550 USD
Common	Sell Transaction	4,575	5.1951 USD
Common	Sell Transaction	1,900	5.1999 USD
Common	Sell Transaction	1,525	5.1999 USD
Common	Sell Transaction	266	5.2000 USD
Common	Sell Transaction	20	5.2090 USD
Common	Sell Transaction	500	5.2100 USD
Common	Sell Transaction	148	5.2126 USD
Common	Sell Transaction	510	5.2150 USD
Common	Sell Transaction	546	5.2190 USD
Common	Sell Transaction	1,500	5.2190 USD
Common	Sell Transaction	209	5.2190 USD
Common	Sell Transaction	0	5.2192 USD
Common	Sell Transaction	2,801	5.2200 USD
Common	Sell Transaction	8,600	5.2231 USD
Common	Sell Transaction	20	5.2275 USD
Common	Sell Transaction	1,999	5.2300 USD
Common	Sell Transaction	200	5.2350 USD
Common	Sell Transaction	20,647	5.2396 USD
Common	Sell Transaction	7,321	5.2438 USD
Common	Sell Transaction	80	5.2488 USD
Common	Sell Transaction	131	5.2500 USD
Common	Sell Transaction	304	5.2501 USD
Common	Sell Transaction	910	5.2550 USD
Common	Sell Transaction	154	5.2551 USD
Common	Sell Transaction	30	5.2557 USD
Common	Sell Transaction	120	5.2567 USD
Common	Sell Transaction	2,638	5.2584 USD
Common	Sell Transaction	26	5.2585 USD
Common	Sell Transaction	1,928	5.2600 USD
Common	Sell Transaction	3,626	5.2602 USD
Common	Sell Transaction	168	5.2630 USD
Common	Sell Transaction	182	5.2631 USD
Common	Sell Transaction	7,748	5.2638 USD
Common	Sell Transaction	485	5.2650 USD
Common	Sell Transaction	106	5.2658 USD
Common	Sell Transaction	498	5.2660 USD
Common	Sell Transaction	5,014	5.2664 USD
Common	Sell Transaction	430	5.2675 USD
Common	Sell Transaction	44	5.2691 USD
Common	Sell Transaction	17	5.2694 USD
Common	Sell Transaction	184	5.2699 USD
Common	Sell Transaction	10,182	5.2700 USD
Common	Sell Transaction	3,594	5.2718 USD
Common	Sell Transaction	208	5.2737 USD
Common	Sell Transaction	30	5.2780 USD
Common	Sell Transaction	169	5.2791 USD
Common	Sell Transaction	31	5.2794 USD
Common	Sell Transaction	4,489	5.2800 USD
Common	Sell Transaction	375	5.2822 USD
Common	Sell Transaction	4,879	5.2831 USD
Common	Sell Transaction	5,600	5.2832 USD
Common	Sell Transaction	2,274	5.2844 USD
Common	Sell Transaction	1,000	5.2850 USD
Common	Sell Transaction	253	5.2855 USD
Common	Sell Transaction	189	5.2859 USD
Common	Sell Transaction	473	5.2864 USD
Common	Sell Transaction	833	5.2883 USD
Common	Sell Transaction	931	5.2885 USD
Common	Sell Transaction	20,154	5.2900 USD
Common	Sell Transaction	8,069	5.2903 USD
Common	Sell Transaction	5,620	5.2903 USD
Common	Sell Transaction	3,810	5.2916 USD
Common	Sell Transaction	112	5.2921 USD
Common	Sell Transaction	300	5.2933 USD
Common	Sell Transaction	3,378	5.2945 USD
Common	Sell Transaction	506	5.2958 USD
Common	Sell Transaction	2,352	5.2972 USD
Common	Sell Transaction	1,648	5.2979 USD
Common	Sell Transaction	3,997	5.2982 USD
Common	Sell Transaction	131	5.2995 USD
Common	Sell Transaction	50	5.2996 USD
Common	Sell Transaction	3,600	5.2997 USD
Common	Sell Transaction	1,692	5.3000 USD
Common	Sell Transaction	1,900	5.3011 USD
Common	Sell Transaction	2,411	5.3019 USD
Common	Sell Transaction	100	5.3020 USD
Common	Sell Transaction	1,400	5.3043 USD
Common	Sell Transaction	859	5.3043 USD
Common	Sell Transaction	200	5.3050 USD
Common	Sell Transaction	209	5.3052 USD
Common	Sell Transaction	5,000	5.3092 USD
Common	Sell Transaction	20,535	5.3092 USD
Common	Sell Transaction	396	5.3099 USD
Common	Sell Transaction	3,141	5.3100 USD
Common	Sell Transaction	732	5.3107 USD
Common	Sell Transaction	20	5.3150 USD
Common	Sell Transaction	861	5.3191 USD
Common	Sell Transaction	2,357	5.3200 USD
Common	Sell Transaction	1,189	5.3224 USD
Common	Sell Transaction	403	5.3227 USD
Common	Sell Transaction	1,530	5.3262 USD
Common	Sell Transaction	1,261	5.3282 USD
Common	Sell Transaction	5,355	5.3300 USD
Common	Sell Transaction	837	5.3306 USD
Common	Sell Transaction	500	5.3310 USD
Common	Sell Transaction	570	5.3322 USD
Common	Sell Transaction	1,158	5.3324 USD
Common	Sell Transaction	30	5.3333 USD
Common	Sell Transaction	426	5.3340 USD
Common	Sell Transaction	376	5.3344 USD
Common	Sell Transaction	1,874	5.3350 USD
Common	Sell Transaction	1,548	5.3358 USD
Common	Sell Transaction	2,320	5.3361 USD
Common	Sell Transaction	74	5.3362 USD
Common	Sell Transaction	317	5.3362 USD
Common	Sell Transaction	131	5.3386 USD
Common	Sell Transaction	333	5.3400 USD
Common	Sell Transaction	133	5.3402 USD
Common	Sell Transaction	600	5.3417 USD
Common	Sell Transaction	467	5.3428 USD
Common	Sell Transaction	180	5.3433 USD
Common	Sell Transaction	1,355	5.3441 USD
Common	Sell Transaction	1	5.3441 USD
Common	Sell Transaction	3,323	5.3450 USD
Common	Sell Transaction	3,640	5.3498 USD
Common	Sell Transaction	100	5.3500 USD
Common	Sell Transaction	323	5.3512 USD
Common	Sell Transaction	112	5.3521 USD
Common	Sell Transaction	75	5.3557 USD
Common	Sell Transaction	680	5.3578 USD
Common	Sell Transaction	292	5.3590 USD
Common	Sell Transaction	255	5.3600 USD
Common	Sell Transaction	229	5.3606 USD
Common	Sell Transaction	1,109	5.3608 USD
Common	Sell Transaction	2,381	5.3613 USD
Common	Sell Transaction	400	5.3625 USD
Common	Sell Transaction	908	5.3631 USD
Common	Sell Transaction	224	5.3668 USD
Common	Sell Transaction	847	5.3700 USD
Common	Sell Transaction	72	5.3708 USD
Common	Sell Transaction	400	5.3750 USD
Common	Sell Transaction	900	5.3767 USD
Common	Sell Transaction	577	5.3800 USD
Common	Sell Transaction	1,462	5.3900 USD
Common	Sell Transaction	100	5.4000 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	1	8.0000 USD	American	2025-Mar-21	2.6500 USD
Common	Put Option	Sell Transaction	1	4.0000 USD	American	2025-Apr-17	0.1000 USD
Common	Call Option	Sell Transaction	13	6.0000 USD	American	2025-Jun-20	0.3700 USD
Common	Call Option	Sell Transaction	1	6.0000 USD	American	2025-Jun-20	0.4000 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:	27 February 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	1,000	5.0 USD	American	21/03/2025
Common	Call Option	Purchased	100	4.0 USD	American	21/03/2025
Common	Put Option	Purchased	-5,800	5.0 USD	American	21/03/2025
Common	Put Option	Purchased	-8,400	5.0 USD	American	16/01/2026
Common	Put Option	Purchased	-5,400	4.0 USD	American	18/07/2025
Common	Call Option	Purchased	1,500	6.0 USD	American	17/04/2025
Common	Put Option	Purchased	-104,200	6.0 USD	American	20/06/2025
Common	Call Option	Purchased	246,200	6.0 USD	American	18/07/2025
Common	Put Option	Purchased	-800	7.0 USD	American	18/07/2025
Common	Put Option	Purchased	-100	8.0 USD	American	21/03/2025
Common	Put Option	Purchased	-4,000	3.0 USD	American	16/01/2026
Common	Put Option	Purchased	-100,000	7.0 USD	American	20/06/2025
Common	Put Option	Purchased	-200	5.0 USD	American	18/07/2025
Common	Put Option	Purchased	-800	5.0 USD	American	20/06/2025
Common	Call Option	Purchased	2,300	7.0 USD	American	20/06/2025
Common	Call Option	Purchased	300	8.0 USD	American	20/06/2025
Common	Call Option	Purchased	700	10.0 USD	American	18/07/2025
Common	Call Option	Purchased	2,500	10.0 USD	American	16/01/2026
Common	Put Option	Purchased	-3,800	4.0 USD	American	17/04/2025
Common	Call Option	Purchased	600	10.0 USD	American	17/04/2025
Common	Put Option	Purchased	-4,000	4.0 USD	American	20/06/2025
Common	Call Option	Purchased	900	5.0 USD	American	16/01/2026
Common	Call Option	Sold	-14,000	6.0 USD	American	21/03/2025
Common	Call Option	Sold	-12,700	7.0 USD	American	17/04/2025
Common	Put Option	Sold	99,900	8.0 USD	American	20/06/2025
Common	Put Option	Sold	100	4.0 USD	American	21/03/2025
Common	Put Option	Sold	75,400	7.0 USD	American	16/01/2026
Common	Call Option	Sold	-200	7.0 USD	American	18/07/2025
Common	Call Option	Sold	-500	10.0 USD	American	17/07/2026
Common	Call Option	Sold	-2,700	4.0 USD	American	17/04/2025
Common	Call Option	Sold	-100	15.0 USD	American	16/01/2026
Common	Call Option	Sold	-13,900	5.0 USD	American	17/04/2025
Common	Put Option	Sold	7,600	6.0 USD	American	17/04/2025
Common	Call Option	Sold	-800	12.0 USD	American	16/01/2026
Common	Call Option	Sold	-1,300	6.0 USD	American	20/06/2025
Common	Call Option	Sold	-400	4.0 USD	American	20/06/2025
Common	Put Option	Sold	9,200	5.0 USD	American	17/04/2025
Common	Call Option	Sold	-31,700	5.0 USD	American	17/07/2026
Common	Call Option	Sold	-29,400	8.0 USD	American	18/07/2025
Common	Call Option	Sold	-1,600	5.0 USD	American	20/06/2025
Common	Call Option	Sold	-7,700	7.0 USD	American	21/03/2025
Common	Call Option	Sold	-100,700	5.0 USD	American	18/07/2025
Common	Call Option	Sold	-1,900	9.0 USD	American	17/04/2025
Common	Call Option	Sold	-1,000	3.0 USD	American	16/01/2026
Common	Put Option	Sold	200	7.0 USD	American	17/04/2025
Common	Call Option	Sold	-500	3.0 USD	American	17/07/2026
Common	Call Option	Sold	-500	4.0 USD	American	16/01/2026
Common	Call Option	Sold	-8,600	8.0 USD	American	17/04/2025
Common	Call Option	Sold	-2,500	4.0 USD	American	17/07/2026
Common	Call Option	Sold	-116,600	7.0 USD	American	16/01/2026
Common	Put Option	Sold	900	6.0 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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END

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