Citadel Group — Major Shareholding Notification 2025

Mar 3, 2025

National Storage Mechanism | Additional information

RNS Number : 1333Z

Citadel Group

03 March 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	28 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:	1,203,297	1.02	1,170,438	0.99
(2) Cash-settled derivatives:	0	0.00	0	0.00
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	748,100	0.63	587,100	0.49
TOTAL:	1,951,397	1.65	1,757,538	1.49

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	24	4.8900 USD
Common	Buy Transaction	500	4.9000 USD
Common	Buy Transaction	113	4.9012 USD
Common	Buy Transaction	93	4.9109 USD
Common	Buy Transaction	1,025	4.9146 USD
Common	Buy Transaction	622	4.9200 USD
Common	Buy Transaction	2,324	4.9250 USD
Common	Buy Transaction	251	4.9250 USD
Common	Buy Transaction	245	4.9271 USD
Common	Buy Transaction	516	4.9283 USD
Common	Buy Transaction	425	4.9290 USD
Common	Buy Transaction	102	4.9299 USD
Common	Buy Transaction	5,191	4.9300 USD
Common	Buy Transaction	450	4.9312 USD
Common	Buy Transaction	315	4.9317 USD
Common	Buy Transaction	321	4.9320 USD
Common	Buy Transaction	700	4.9350 USD
Common	Buy Transaction	82	4.9357 USD
Common	Buy Transaction	27	4.9359 USD
Common	Buy Transaction	45	4.9367 USD
Common	Buy Transaction	1,100	4.9368 USD
Common	Buy Transaction	2,636	4.9400 USD
Common	Buy Transaction	1,794	4.9403 USD
Common	Buy Transaction	10	4.9410 USD
Common	Buy Transaction	1,841	4.9412 USD
Common	Buy Transaction	1,213	4.9428 USD
Common	Buy Transaction	139	4.9430 USD
Common	Buy Transaction	100	4.9450 USD
Common	Buy Transaction	700	4.9457 USD
Common	Buy Transaction	1,406	4.9457 USD
Common	Buy Transaction	1,263	4.9465 USD
Common	Buy Transaction	12,709	4.9469 USD
Common	Buy Transaction	428	4.9475 USD
Common	Buy Transaction	3,400	4.9479 USD
Common	Buy Transaction	1,061	4.9494 USD
Common	Buy Transaction	9,840	4.9500 USD
Common	Buy Transaction	7	4.9514 USD
Common	Buy Transaction	1,051	4.9524 USD
Common	Buy Transaction	9,390	4.9534 USD
Common	Buy Transaction	2,823	4.9536 USD
Common	Buy Transaction	656	4.9566 USD
Common	Buy Transaction	465	4.9589 USD
Common	Buy Transaction	48,468	4.9600 USD
Common	Buy Transaction	1,305	4.9612 USD
Common	Buy Transaction	1,141	4.9632 USD
Common	Buy Transaction	12,100	4.9648 USD
Common	Buy Transaction	104	4.9650 USD
Common	Buy Transaction	1,377	4.9659 USD
Common	Buy Transaction	16,515	4.9679 USD
Common	Buy Transaction	4,314	4.9682 USD
Common	Buy Transaction	137	4.9695 USD
Common	Buy Transaction	557	4.9700 USD
Common	Buy Transaction	8,879	4.9700 USD
Common	Buy Transaction	9,491	4.9702 USD
Common	Buy Transaction	3,158	4.9715 USD
Common	Buy Transaction	212	4.9733 USD
Common	Buy Transaction	12,764	4.9743 USD
Common	Buy Transaction	125	4.9753 USD
Common	Buy Transaction	332	4.9771 USD
Common	Buy Transaction	2,692	4.9791 USD
Common	Buy Transaction	225	4.9800 USD
Common	Buy Transaction	3,000	4.9810 USD
Common	Buy Transaction	7,100	4.9834 USD
Common	Buy Transaction	1,132	4.9842 USD
Common	Buy Transaction	100	4.9850 USD
Common	Buy Transaction	1,863	4.9878 USD
Common	Buy Transaction	355	4.9885 USD
Common	Buy Transaction	1,000	4.9901 USD
Common	Buy Transaction	3,000	4.9910 USD
Common	Buy Transaction	1,658	4.9923 USD
Common	Buy Transaction	838	4.9927 USD
Common	Buy Transaction	4,895	4.9956 USD
Common	Buy Transaction	700	4.9957 USD
Common	Buy Transaction	42	4.9995 USD
Common	Buy Transaction	2,435	4.9997 USD
Common	Buy Transaction	729	5.0003 USD
Common	Buy Transaction	3,066	5.0010 USD
Common	Buy Transaction	1,429	5.0015 USD
Common	Buy Transaction	2,714	5.0019 USD
Common	Buy Transaction	6,516	5.0045 USD
Common	Buy Transaction	1,737	5.0050 USD
Common	Buy Transaction	100	5.0050 USD
Common	Buy Transaction	2,974	5.0097 USD
Common	Buy Transaction	330	5.0100 USD
Common	Buy Transaction	2,900	5.0107 USD
Common	Buy Transaction	1,586	5.0188 USD
Common	Buy Transaction	152	5.0189 USD
Common	Buy Transaction	24,245	5.0196 USD
Common	Buy Transaction	400	5.0200 USD
Common	Buy Transaction	1,865	5.0217 USD
Common	Buy Transaction	600	5.0250 USD
Common	Buy Transaction	3	5.0274 USD
Common	Buy Transaction	920	5.0300 USD
Common	Buy Transaction	409	5.0333 USD
Common	Buy Transaction	40	5.0340 USD
Common	Buy Transaction	800	5.0356 USD
Common	Buy Transaction	764	5.0388 USD
Common	Buy Transaction	2,306	5.0476 USD
Common	Buy Transaction	301	5.0500 USD
Common	Buy Transaction	1,709	5.0515 USD
Common	Buy Transaction	2,347	5.0568 USD
Common	Buy Transaction	414	5.0568 USD
Common	Buy Transaction	451	5.0600 USD
Common	Buy Transaction	343	5.0603 USD
Common	Buy Transaction	345	5.0628 USD
Common	Buy Transaction	124	5.0650 USD
Common	Buy Transaction	600	5.0658 USD
Common	Buy Transaction	10	5.0700 USD
Common	Buy Transaction	389	5.0740 USD
Common	Buy Transaction	100	5.0750 USD
Common	Buy Transaction	101	5.0800 USD
Common	Buy Transaction	3,279	5.0823 USD
Common	Buy Transaction	560	5.0840 USD
Common	Buy Transaction	227	5.0889 USD
Common	Buy Transaction	24	5.0900 USD
Common	Buy Transaction	657	5.0907 USD
Common	Buy Transaction	200	5.0925 USD
Common	Buy Transaction	171	5.0932 USD
Common	Buy Transaction	125	5.0952 USD
Common	Buy Transaction	537	5.0961 USD
Common	Buy Transaction	723	5.0989 USD
Common	Buy Transaction	1,174	5.1000 USD
Common	Buy Transaction	100	5.1006 USD
Common	Buy Transaction	266	5.1050 USD
Common	DVP Transaction	400	4.9050 USD
Common	DVP Transaction	2	4.9250 USD
Common	DVP Transaction	4	4.9275 USD
Common	DVP Transaction	1	4.9300 USD
Common	DVP Transaction	210	4.9450 USD
Common	DVP Transaction	1	4.9500 USD
Common	DVP Transaction	148	4.9509 USD
Common	DVP Transaction	61,734	4.9571 USD
Common	DVP Transaction	982	4.9575 USD
Common	DVP Transaction	54,011	4.9600 USD
Common	DVP Transaction	99	4.9616 USD
Common	DVP Transaction	11,980	4.9688 USD
Common	DVP Transaction	4	4.9700 USD
Common	DVP Transaction	1,547	4.9708 USD
Common	DVP Transaction	2,771	4.9766 USD
Common	DVP Transaction	557	4.9776 USD
Common	DVP Transaction	5,183	4.9800 USD
Common	DVP Transaction	851	4.9840 USD
Common	DVP Transaction	2	4.9850 USD
Common	DVP Transaction	1,994	4.9858 USD
Common	DVP Transaction	393	4.9860 USD
Common	DVP Transaction	3,966	4.9890 USD
Common	DVP Transaction	441	4.9934 USD
Common	DVP Transaction	1,300	4.9962 USD
Common	DVP Transaction	2,783	4.9979 USD
Common	DVP Transaction	5,001	4.9994 USD
Common	DVP Transaction	1,001	4.9999 USD
Common	DVP Transaction	1	5.0000 USD
Common	DVP Transaction	2,164	5.0140 USD
Common	DVP Transaction	7,181	5.0142 USD
Common	DVP Transaction	400	5.0175 USD
Common	DVP Transaction	1,262	5.0310 USD
Common	DVP Transaction	2,200	5.0548 USD
Common	DVP Transaction	550	5.0850 USD
Common	DVP Transaction	55	5.1000 USD
Common	RVP Transaction	200	4.9150 USD
Common	RVP Transaction	144	4.9300 USD
Common	RVP Transaction	1,400	4.9386 USD
Common	RVP Transaction	1,315	4.9440 USD
Common	RVP Transaction	2,393	4.9449 USD
Common	RVP Transaction	300	4.9450 USD
Common	RVP Transaction	1,425	4.9457 USD
Common	RVP Transaction	1,100	4.9464 USD
Common	RVP Transaction	1,193	4.9479 USD
Common	RVP Transaction	25	4.9480 USD
Common	RVP Transaction	2,400	4.9550 USD
Common	RVP Transaction	487	4.9550 USD
Common	RVP Transaction	900	4.9561 USD
Common	RVP Transaction	2,270	4.9563 USD
Common	RVP Transaction	29,024	4.9584 USD
Common	RVP Transaction	54,101	4.9600 USD
Common	RVP Transaction	14,063	4.9617 USD
Common	RVP Transaction	927	4.9650 USD
Common	RVP Transaction	2,099	4.9677 USD
Common	RVP Transaction	94	4.9700 USD
Common	RVP Transaction	183	4.9800 USD
Common	RVP Transaction	5,009	4.9800 USD
Common	RVP Transaction	48,751	4.9914 USD
Common	RVP Transaction	771	5.0212 USD
Common	RVP Transaction	550	5.0850 USD
Common	RVP Transaction	55	5.1000 USD
Common	Sell Transaction	200	4.9000 USD
Common	Sell Transaction	77	4.9100 USD
Common	Sell Transaction	55	4.9127 USD
Common	Sell Transaction	572	4.9200 USD
Common	Sell Transaction	118	4.9231 USD
Common	Sell Transaction	2,670	4.9250 USD
Common	Sell Transaction	889	4.9254 USD
Common	Sell Transaction	1,088	4.9266 USD
Common	Sell Transaction	4,000	4.9276 USD
Common	Sell Transaction	4,000	4.9290 USD
Common	Sell Transaction	2,702	4.9299 USD
Common	Sell Transaction	783	4.9299 USD
Common	Sell Transaction	46	4.9300 USD
Common	Sell Transaction	1,152	4.9364 USD
Common	Sell Transaction	582	4.9386 USD
Common	Sell Transaction	8,811	4.9397 USD
Common	Sell Transaction	1,425	4.9400 USD
Common	Sell Transaction	174	4.9425 USD
Common	Sell Transaction	108	4.9444 USD
Common	Sell Transaction	262	4.9445 USD
Common	Sell Transaction	1,200	4.9450 USD
Common	Sell Transaction	95	4.9454 USD
Common	Sell Transaction	8,368	4.9457 USD
Common	Sell Transaction	1,000	4.9460 USD
Common	Sell Transaction	22	4.9482 USD
Common	Sell Transaction	8,044	4.9498 USD
Common	Sell Transaction	1,100	4.9500 USD
Common	Sell Transaction	171	4.9506 USD
Common	Sell Transaction	353	4.9532 USD
Common	Sell Transaction	320	4.9550 USD
Common	Sell Transaction	3,607	4.9564 USD
Common	Sell Transaction	894	4.9580 USD
Common	Sell Transaction	630	4.9585 USD
Common	Sell Transaction	33,071	4.9600 USD
Common	Sell Transaction	500	4.9620 USD
Common	Sell Transaction	2,337	4.9622 USD
Common	Sell Transaction	10,871	4.9625 USD
Common	Sell Transaction	1,344	4.9654 USD
Common	Sell Transaction	2,203	4.9659 USD
Common	Sell Transaction	161	4.9718 USD
Common	Sell Transaction	42	4.9724 USD
Common	Sell Transaction	1,000	4.9730 USD
Common	Sell Transaction	1,035	4.9757 USD
Common	Sell Transaction	16	4.9781 USD
Common	Sell Transaction	310	4.9782 USD
Common	Sell Transaction	1	4.9799 USD
Common	Sell Transaction	1,501	4.9800 USD
Common	Sell Transaction	4,412	4.9803 USD
Common	Sell Transaction	371	4.9808 USD
Common	Sell Transaction	400	4.9825 USD
Common	Sell Transaction	3,000	4.9833 USD
Common	Sell Transaction	618	4.9837 USD
Common	Sell Transaction	200	4.9850 USD
Common	Sell Transaction	1,005	4.9888 USD
Common	Sell Transaction	1,634	4.9900 USD
Common	Sell Transaction	91	4.9912 USD
Common	Sell Transaction	506	4.9916 USD
Common	Sell Transaction	295	4.9917 USD
Common	Sell Transaction	299	4.9930 USD
Common	Sell Transaction	609	4.9935 USD
Common	Sell Transaction	50	4.9950 USD
Common	Sell Transaction	2,810	4.9961 USD
Common	Sell Transaction	146	4.9985 USD
Common	Sell Transaction	223	4.9987 USD
Common	Sell Transaction	210	5.0000 USD
Common	Sell Transaction	3,074	5.0048 USD
Common	Sell Transaction	8,068	5.0068 USD
Common	Sell Transaction	700	5.0071 USD
Common	Sell Transaction	767	5.0089 USD
Common	Sell Transaction	101	5.0100 USD
Common	Sell Transaction	962	5.0107 USD
Common	Sell Transaction	1,108	5.0132 USD
Common	Sell Transaction	600	5.0167 USD
Common	Sell Transaction	1,100	5.0200 USD
Common	Sell Transaction	5,069	5.0235 USD
Common	Sell Transaction	5,330	5.0244 USD
Common	Sell Transaction	1,100	5.0273 USD
Common	Sell Transaction	300	5.0300 USD
Common	Sell Transaction	940	5.0304 USD
Common	Sell Transaction	1,616	5.0318 USD
Common	Sell Transaction	667	5.0326 USD
Common	Sell Transaction	903	5.0346 USD
Common	Sell Transaction	900	5.0378 USD
Common	Sell Transaction	900	5.0422 USD
Common	Sell Transaction	1,204	5.0481 USD
Common	Sell Transaction	1,315	5.0485 USD
Common	Sell Transaction	7,832	5.0500 USD
Common	Sell Transaction	1,340	5.0527 USD
Common	Sell Transaction	582	5.0558 USD
Common	Sell Transaction	300	5.0567 USD
Common	Sell Transaction	1,326	5.0582 USD
Common	Sell Transaction	510	5.0590 USD
Common	Sell Transaction	1,300	5.0600 USD
Common	Sell Transaction	537	5.0700 USD
Common	Sell Transaction	69	5.0728 USD
Common	Sell Transaction	1,050	5.0733 USD
Common	Sell Transaction	1,744	5.0800 USD
Common	Sell Transaction	400	5.0812 USD
Common	Sell Transaction	700	5.0814 USD
Common	Sell Transaction	552	5.0850 USD
Common	Sell Transaction	875	5.0900 USD
Common	Sell Transaction	102	5.0902 USD
Common	Sell Transaction	43	5.1000 USD
Common	Sell Transaction	532	5.1050 USD
Common	Sell Transaction	200	5.1100 USD
Common	Sell Transaction	100	5.1200 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	3,000	6.0000 USD	American	2025-Jul-18	0.2800 USD
Common	Put Option	Buy Transaction	1	5.0000 USD	American	2025-Oct-17	0.6700 USD
Common	Call Option	Sell Transaction	1	6.0000 USD	American	2025-Jul-18	0.2800 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:	3 March 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	-100	8.0 USD	American	21/03/2025
Common	Put Option	Purchased	-5,400	4.0 USD	American	18/07/2025
Common	Put Option	Purchased	-100,000	7.0 USD	American	20/06/2025
Common	Call Option	Purchased	700	10.0 USD	American	18/07/2025
Common	Call Option	Purchased	300	8.0 USD	American	20/06/2025
Common	Put Option	Purchased	-104,200	6.0 USD	American	20/06/2025
Common	Put Option	Purchased	-5,800	5.0 USD	American	21/03/2025
Common	Call Option	Purchased	246,100	6.0 USD	American	18/07/2025
Common	Put Option	Purchased	-100	5.0 USD	American	17/10/2025
Common	Call Option	Purchased	900	5.0 USD	American	16/01/2026
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	300,000	6.0 USD	American	18/07/2025
Common	Call Option	Purchased	2,500	10.0 USD	American	16/01/2026
Common	Put Option	Purchased	-200	5.0 USD	American	18/07/2025
Common	Put Option	Purchased	-8,400	5.0 USD	American	16/01/2026
Common	Put Option	Purchased	-3,800	4.0 USD	American	17/04/2025
Common	Call Option	Purchased	1,500	6.0 USD	American	17/04/2025
Common	Put Option	Purchased	-800	5.0 USD	American	20/06/2025
Common	Put Option	Purchased	-800	7.0 USD	American	18/07/2025
Common	Call Option	Purchased	100	4.0 USD	American	21/03/2025
Common	Put Option	Purchased	-4,000	3.0 USD	American	16/01/2026
Common	Call Option	Purchased	2,300	7.0 USD	American	20/06/2025
Common	Call Option	Sold	-500	4.0 USD	American	16/01/2026
Common	Call Option	Sold	-200	5.0 USD	American	21/03/2025
Common	Call Option	Sold	-1,600	5.0 USD	American	20/06/2025
Common	Put Option	Sold	100	4.0 USD	American	21/03/2025
Common	Call Option	Sold	-1,900	9.0 USD	American	17/04/2025
Common	Call Option	Sold	-500	10.0 USD	American	17/07/2026
Common	Call Option	Sold	-1,000	3.0 USD	American	16/01/2026
Common	Call Option	Sold	-2,700	4.0 USD	American	17/04/2025
Common	Call Option	Sold	-1,300	6.0 USD	American	20/06/2025
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	Call Option	Sold	-13,900	5.0 USD	American	17/04/2025
Common	Call Option	Sold	-29,400	8.0 USD	American	18/07/2025
Common	Call Option	Sold	-100	15.0 USD	American	16/01/2026
Common	Call Option	Sold	-14,000	6.0 USD	American	21/03/2025
Common	Call Option	Sold	-8,600	8.0 USD	American	17/04/2025
Common	Call Option	Sold	-100,700	5.0 USD	American	18/07/2025
Common	Call Option	Sold	-500	3.0 USD	American	17/07/2026
Common	Call Option	Sold	-200	7.0 USD	American	18/07/2025
Common	Call Option	Sold	-800	12.0 USD	American	16/01/2026
Common	Put Option	Sold	99,900	8.0 USD	American	20/06/2025
Common	Put Option	Sold	9,200	5.0 USD	American	17/04/2025
Common	Put Option	Sold	7,600	6.0 USD	American	17/04/2025
Common	Put Option	Sold	75,400	7.0 USD	American	16/01/2026
Common	Put Option	Sold	900	6.0 USD	American	18/07/2025
Common	Call Option	Sold	-7,700	7.0 USD	American	21/03/2025
Common	Call Option	Sold	-31,700	5.0 USD	American	17/07/2026
Common	Call Option	Sold	-12,700	7.0 USD	American	17/04/2025
Common	Call Option	Sold	-400	4.0 USD	American	20/06/2025

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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