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Citadel Group Major Shareholding Notification 2025
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Major Shareholding Notification
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National Storage Mechanism | Additional information 
RNS Number : 8624Z
Citadel Group
07 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 |
6 March 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: | 1,281,282 | 1.08 | 165,465 | 0.14 |
| (2) Cash-settled derivatives: | 0 | 0.00 | 0 | 0.00 |
| (3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 748,900 | 0.63 | 601,600 | 0.51 |
| TOTAL: | 2,030,182 | 1.72 | 767,065 | 0.65 |
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 | 141 | 4.6123 USD |
| Common | Buy Transaction | 214 | 4.6162 USD |
| Common | Buy Transaction | 61 | 4.6200 USD |
| Common | Buy Transaction | 15 | 4.6267 USD |
| Common | Buy Transaction | 25 | 4.6300 USD |
| Common | Buy Transaction | 200 | 4.6400 USD |
| Common | Buy Transaction | 100 | 4.6450 USD |
| Common | Buy Transaction | 339 | 4.6500 USD |
| Common | Buy Transaction | 1,056 | 4.6582 USD |
| Common | Buy Transaction | 324 | 4.6591 USD |
| Common | Buy Transaction | 136 | 4.6621 USD |
| Common | Buy Transaction | 962 | 4.6700 USD |
| Common | Buy Transaction | 50 | 4.6708 USD |
| Common | Buy Transaction | 151 | 4.6736 USD |
| Common | Buy Transaction | 600 | 4.6750 USD |
| Common | Buy Transaction | 60 | 4.6800 USD |
| Common | Buy Transaction | 1,449 | 4.6809 USD |
| Common | Buy Transaction | 238 | 4.6816 USD |
| Common | Buy Transaction | 1,431 | 4.6824 USD |
| Common | Buy Transaction | 264 | 4.6824 USD |
| Common | Buy Transaction | 300 | 4.6833 USD |
| Common | Buy Transaction | 2,321 | 4.6895 USD |
| Common | Buy Transaction | 3,177 | 4.6900 USD |
| Common | Buy Transaction | 846 | 4.6924 USD |
| Common | Buy Transaction | 5,063 | 4.6931 USD |
| Common | Buy Transaction | 609 | 4.6933 USD |
| Common | Buy Transaction | 300 | 4.6933 USD |
| Common | Buy Transaction | 12,050 | 4.6938 USD |
| Common | Buy Transaction | 98 | 4.6940 USD |
| Common | Buy Transaction | 500 | 4.6940 USD |
| Common | Buy Transaction | 1,676 | 4.6942 USD |
| Common | Buy Transaction | 1,871 | 4.6952 USD |
| Common | Buy Transaction | 246 | 4.6978 USD |
| Common | Buy Transaction | 1,036 | 4.6984 USD |
| Common | Buy Transaction | 2,488 | 4.6984 USD |
| Common | Buy Transaction | 2 | 4.7000 USD |
| Common | Buy Transaction | 273 | 4.7005 USD |
| Common | Buy Transaction | 377 | 4.7006 USD |
| Common | Buy Transaction | 213 | 4.7012 USD |
| Common | Buy Transaction | 300 | 4.7017 USD |
| Common | Buy Transaction | 700 | 4.7021 USD |
| Common | Buy Transaction | 1,390 | 4.7023 USD |
| Common | Buy Transaction | 849 | 4.7027 USD |
| Common | Buy Transaction | 3,479 | 4.7036 USD |
| Common | Buy Transaction | 1,766 | 4.7036 USD |
| Common | Buy Transaction | 1,600 | 4.7038 USD |
| Common | Buy Transaction | 2,946 | 4.7049 USD |
| Common | Buy Transaction | 1,800 | 4.7050 USD |
| Common | Buy Transaction | 3,580 | 4.7053 USD |
| Common | Buy Transaction | 900 | 4.7056 USD |
| Common | Buy Transaction | 473 | 4.7067 USD |
| Common | Buy Transaction | 1,589 | 4.7068 USD |
| Common | Buy Transaction | 34 | 4.7074 USD |
| Common | Buy Transaction | 1,330 | 4.7075 USD |
| Common | Buy Transaction | 400 | 4.7075 USD |
| Common | Buy Transaction | 430 | 4.7079 USD |
| Common | Buy Transaction | 9,691 | 4.7092 USD |
| Common | Buy Transaction | 257 | 4.7095 USD |
| Common | Buy Transaction | 3,529 | 4.7097 USD |
| Common | Buy Transaction | 4,207 | 4.7107 USD |
| Common | Buy Transaction | 4,595 | 4.7109 USD |
| Common | Buy Transaction | 95 | 4.7116 USD |
| Common | Buy Transaction | 5,647 | 4.7123 USD |
| Common | Buy Transaction | 637 | 4.7132 USD |
| Common | Buy Transaction | 300 | 4.7133 USD |
| Common | Buy Transaction | 1,100 | 4.7136 USD |
| Common | Buy Transaction | 500 | 4.7140 USD |
| Common | Buy Transaction | 1,340 | 4.7142 USD |
| Common | Buy Transaction | 5,083 | 4.7146 USD |
| Common | Buy Transaction | 3,970 | 4.7149 USD |
| Common | Buy Transaction | 20,094 | 4.7150 USD |
| Common | Buy Transaction | 703 | 4.7152 USD |
| Common | Buy Transaction | 1,700 | 4.7153 USD |
| Common | Buy Transaction | 4,029 | 4.7155 USD |
| Common | Buy Transaction | 1,447 | 4.7159 USD |
| Common | Buy Transaction | 1,057 | 4.7160 USD |
| Common | Buy Transaction | 300 | 4.7167 USD |
| Common | Buy Transaction | 19 | 4.7168 USD |
| Common | Buy Transaction | 702 | 4.7170 USD |
| Common | Buy Transaction | 118 | 4.7189 USD |
| Common | Buy Transaction | 2,296 | 4.7200 USD |
| Common | Buy Transaction | 2,199 | 4.7201 USD |
| Common | Buy Transaction | 1,297 | 4.7201 USD |
| Common | Buy Transaction | 415 | 4.7204 USD |
| Common | Buy Transaction | 663 | 4.7205 USD |
| Common | Buy Transaction | 11 | 4.7209 USD |
| Common | Buy Transaction | 100 | 4.7210 USD |
| Common | Buy Transaction | 462 | 4.7213 USD |
| Common | Buy Transaction | 110 | 4.7225 USD |
| Common | Buy Transaction | 1,900 | 4.7226 USD |
| Common | Buy Transaction | 921 | 4.7229 USD |
| Common | Buy Transaction | 950 | 4.7232 USD |
| Common | Buy Transaction | 11,232 | 4.7232 USD |
| Common | Buy Transaction | 2,950 | 4.7234 USD |
| Common | Buy Transaction | 2,350 | 4.7234 USD |
| Common | Buy Transaction | 167 | 4.7238 USD |
| Common | Buy Transaction | 5,852 | 4.7244 USD |
| Common | Buy Transaction | 1,075 | 4.7248 USD |
| Common | Buy Transaction | 615 | 4.7250 USD |
| Common | Buy Transaction | 800 | 4.7250 USD |
| Common | Buy Transaction | 68 | 4.7251 USD |
| Common | Buy Transaction | 3,472 | 4.7254 USD |
| Common | Buy Transaction | 468 | 4.7261 USD |
| Common | Buy Transaction | 1,726 | 4.7263 USD |
| Common | Buy Transaction | 60 | 4.7267 USD |
| Common | Buy Transaction | 2,131 | 4.7291 USD |
| Common | Buy Transaction | 523 | 4.7292 USD |
| Common | Buy Transaction | 2,203 | 4.7295 USD |
| Common | Buy Transaction | 369 | 4.7300 USD |
| Common | Buy Transaction | 1,108 | 4.7302 USD |
| Common | Buy Transaction | 1,848 | 4.7307 USD |
| Common | Buy Transaction | 1,000 | 4.7308 USD |
| Common | Buy Transaction | 564 | 4.7310 USD |
| Common | Buy Transaction | 1,571 | 4.7310 USD |
| Common | Buy Transaction | 584 | 4.7311 USD |
| Common | Buy Transaction | 1,114 | 4.7315 USD |
| Common | Buy Transaction | 20,995 | 4.7317 USD |
| Common | Buy Transaction | 490 | 4.7320 USD |
| Common | Buy Transaction | 50,707 | 4.7323 USD |
| Common | Buy Transaction | 1,486 | 4.7328 USD |
| Common | Buy Transaction | 1,000 | 4.7330 USD |
| Common | Buy Transaction | 500 | 4.7340 USD |
| Common | Buy Transaction | 249 | 4.7340 USD |
| Common | Buy Transaction | 2,425 | 4.7340 USD |
| Common | Buy Transaction | 120 | 4.7346 USD |
| Common | Buy Transaction | 100 | 4.7350 USD |
| Common | Buy Transaction | 674 | 4.7352 USD |
| Common | Buy Transaction | 9,215 | 4.7354 USD |
| Common | Buy Transaction | 200 | 4.7375 USD |
| Common | Buy Transaction | 3,564 | 4.7378 USD |
| Common | Buy Transaction | 290 | 4.7391 USD |
| Common | Buy Transaction | 973 | 4.7400 USD |
| Common | Buy Transaction | 500 | 4.7401 USD |
| Common | Buy Transaction | 4,238 | 4.7409 USD |
| Common | Buy Transaction | 2,211 | 4.7424 USD |
| Common | Buy Transaction | 130 | 4.7447 USD |
| Common | Buy Transaction | 103 | 4.7450 USD |
| Common | Buy Transaction | 1 | 4.7489 USD |
| Common | Buy Transaction | 17,494 | 4.7496 USD |
| Common | Buy Transaction | 23 | 4.7500 USD |
| Common | Buy Transaction | 161 | 4.7568 USD |
| Common | Buy Transaction | 150 | 4.7600 USD |
| Common | Buy Transaction | 631 | 4.7601 USD |
| Common | Buy Transaction | 68 | 4.7700 USD |
| Common | Buy Transaction | 616 | 4.7703 USD |
| Common | Buy Transaction | 369 | 4.7800 USD |
| Common | Buy Transaction | 32 | 4.7872 USD |
| Common | Buy Transaction | 10,853 | 4.7900 USD |
| Common | DVP Transaction | 7 | 4.5600 USD |
| Common | DVP Transaction | 76 | 4.6368 USD |
| Common | DVP Transaction | 1,796 | 4.6645 USD |
| Common | DVP Transaction | 4 | 4.6700 USD |
| Common | DVP Transaction | 196 | 4.6833 USD |
| Common | DVP Transaction | 95 | 4.6834 USD |
| Common | DVP Transaction | 1 | 4.6850 USD |
| Common | DVP Transaction | 66 | 4.6900 USD |
| Common | DVP Transaction | 64 | 4.6950 USD |
| Common | DVP Transaction | 106 | 4.6976 USD |
| Common | DVP Transaction | 104 | 4.7042 USD |
| Common | DVP Transaction | 228 | 4.7150 USD |
| Common | DVP Transaction | 1,103 | 4.7200 USD |
| Common | DVP Transaction | 600 | 4.7233 USD |
| Common | DVP Transaction | 1,424 | 4.7280 USD |
| Common | DVP Transaction | 554 | 4.7284 USD |
| Common | DVP Transaction | 508 | 4.7298 USD |
| Common | DVP Transaction | 130 | 4.7300 USD |
| Common | DVP Transaction | 280 | 4.7350 USD |
| Common | DVP Transaction | 493 | 4.7351 USD |
| Common | DVP Transaction | 1,021 | 4.7417 USD |
| Common | DVP Transaction | 150 | 4.7421 USD |
| Common | DVP Transaction | 400 | 4.7438 USD |
| Common | DVP Transaction | 169 | 4.7447 USD |
| Common | DVP Transaction | 36 | 4.7450 USD |
| Common | DVP Transaction | 517 | 4.7519 USD |
| Common | DVP Transaction | 66 | 4.7700 USD |
| Common | DVP Transaction | 8 | 4.7750 USD |
| Common | DVP Transaction | 112 | 4.7800 USD |
| Common | DVP Transaction | 1,072 | 4.7900 USD |
| Common | RVP Transaction | 2 | 4.5550 USD |
| Common | RVP Transaction | 9 | 4.5600 USD |
| Common | RVP Transaction | 3 | 4.6100 USD |
| Common | RVP Transaction | 59 | 4.6200 USD |
| Common | RVP Transaction | 1,500 | 4.6400 USD |
| Common | RVP Transaction | 4 | 4.6700 USD |
| Common | RVP Transaction | 1 | 4.6850 USD |
| Common | RVP Transaction | 1 | 4.6900 USD |
| Common | RVP Transaction | 1,983 | 4.7230 USD |
| Common | RVP Transaction | 6,166 | 4.7319 USD |
| Common | RVP Transaction | 280 | 4.7350 USD |
| Common | RVP Transaction | 12 | 4.7400 USD |
| Common | RVP Transaction | 1,366 | 4.7900 USD |
| Common | Sell Transaction | 37 | 4.5595 USD |
| Common | Sell Transaction | 286 | 4.5600 USD |
| Common | Sell Transaction | 56 | 4.5759 USD |
| Common | Sell Transaction | 65 | 4.5900 USD |
| Common | Sell Transaction | 100 | 4.6200 USD |
| Common | Sell Transaction | 3 | 4.6287 USD |
| Common | Sell Transaction | 160 | 4.6425 USD |
| Common | Sell Transaction | 1,300 | 4.6454 USD |
| Common | Sell Transaction | 379 | 4.6496 USD |
| Common | Sell Transaction | 270 | 4.6689 USD |
| Common | Sell Transaction | 140 | 4.6693 USD |
| Common | Sell Transaction | 201 | 4.6700 USD |
| Common | Sell Transaction | 290 | 4.6754 USD |
| Common | Sell Transaction | 139 | 4.6783 USD |
| Common | Sell Transaction | 830 | 4.6800 USD |
| Common | Sell Transaction | 5 | 4.6840 USD |
| Common | Sell Transaction | 200 | 4.6850 USD |
| Common | Sell Transaction | 95 | 4.6851 USD |
| Common | Sell Transaction | 1,799 | 4.6900 USD |
| Common | Sell Transaction | 82 | 4.6901 USD |
| Common | Sell Transaction | 322 | 4.6902 USD |
| Common | Sell Transaction | 499 | 4.6921 USD |
| Common | Sell Transaction | 837 | 4.6924 USD |
| Common | Sell Transaction | 1,691 | 4.6951 USD |
| Common | Sell Transaction | 10 | 4.6990 USD |
| Common | Sell Transaction | 266 | 4.6998 USD |
| Common | Sell Transaction | 502 | 4.7000 USD |
| Common | Sell Transaction | 6,640 | 4.7003 USD |
| Common | Sell Transaction | 1,331 | 4.7009 USD |
| Common | Sell Transaction | 438 | 4.7013 USD |
| Common | Sell Transaction | 2,546 | 4.7013 USD |
| Common | Sell Transaction | 249 | 4.7057 USD |
| Common | Sell Transaction | 1,397 | 4.7084 USD |
| Common | Sell Transaction | 1,128 | 4.7094 USD |
| Common | Sell Transaction | 2,288 | 4.7095 USD |
| Common | Sell Transaction | 1,241 | 4.7099 USD |
| Common | Sell Transaction | 582 | 4.7099 USD |
| Common | Sell Transaction | 104 | 4.7099 USD |
| Common | Sell Transaction | 331 | 4.7100 USD |
| Common | Sell Transaction | 5,656 | 4.7102 USD |
| Common | Sell Transaction | 1,215 | 4.7104 USD |
| Common | Sell Transaction | 418 | 4.7104 USD |
| Common | Sell Transaction | 1,458 | 4.7107 USD |
| Common | Sell Transaction | 260 | 4.7108 USD |
| Common | Sell Transaction | 1,454 | 4.7109 USD |
| Common | Sell Transaction | 1,807 | 4.7125 USD |
| Common | Sell Transaction | 1,042 | 4.7127 USD |
| Common | Sell Transaction | 1,247 | 4.7128 USD |
| Common | Sell Transaction | 15 | 4.7133 USD |
| Common | Sell Transaction | 973 | 4.7140 USD |
| Common | Sell Transaction | 1,837 | 4.7146 USD |
| Common | Sell Transaction | 600 | 4.7150 USD |
| Common | Sell Transaction | 24,743 | 4.7152 USD |
| Common | Sell Transaction | 990 | 4.7153 USD |
| Common | Sell Transaction | 301 | 4.7163 USD |
| Common | Sell Transaction | 9 | 4.7167 USD |
| Common | Sell Transaction | 331 | 4.7168 USD |
| Common | Sell Transaction | 480 | 4.7175 USD |
| Common | Sell Transaction | 949 | 4.7180 USD |
| Common | Sell Transaction | 21 | 4.7181 USD |
| Common | Sell Transaction | 1,227 | 4.7185 USD |
| Common | Sell Transaction | 94 | 4.7199 USD |
| Common | Sell Transaction | 2,679 | 4.7200 USD |
| Common | Sell Transaction | 667 | 4.7204 USD |
| Common | Sell Transaction | 380 | 4.7205 USD |
| Common | Sell Transaction | 5,729 | 4.7215 USD |
| Common | Sell Transaction | 44,456 | 4.7222 USD |
| Common | Sell Transaction | 1,899 | 4.7224 USD |
| Common | Sell Transaction | 4,736 | 4.7229 USD |
| Common | Sell Transaction | 1,387 | 4.7238 USD |
| Common | Sell Transaction | 35,228 | 4.7266 USD |
| Common | Sell Transaction | 10,095 | 4.7274 USD |
| Common | Sell Transaction | 300 | 4.7283 USD |
| Common | Sell Transaction | 733 | 4.7287 USD |
| Common | Sell Transaction | 1,600 | 4.7294 USD |
| Common | Sell Transaction | 21 | 4.7296 USD |
| Common | Sell Transaction | 148 | 4.7297 USD |
| Common | Sell Transaction | 1,970 | 4.7298 USD |
| Common | Sell Transaction | 950 | 4.7299 USD |
| Common | Sell Transaction | 1,219 | 4.7300 USD |
| Common | Sell Transaction | 6,141 | 4.7301 USD |
| Common | Sell Transaction | 1,313 | 4.7303 USD |
| Common | Sell Transaction | 1,657 | 4.7341 USD |
| Common | Sell Transaction | 2,878 | 4.7342 USD |
| Common | Sell Transaction | 3,719 | 4.7342 USD |
| Common | Sell Transaction | 221 | 4.7345 USD |
| Common | Sell Transaction | 280 | 4.7350 USD |
| Common | Sell Transaction | 1,772 | 4.7354 USD |
| Common | Sell Transaction | 724 | 4.7360 USD |
| Common | Sell Transaction | 2,494 | 4.7366 USD |
| Common | Sell Transaction | 4,550 | 4.7367 USD |
| Common | Sell Transaction | 1,131 | 4.7400 USD |
| Common | Sell Transaction | 1,063 | 4.7403 USD |
| Common | Sell Transaction | 631 | 4.7413 USD |
| Common | Sell Transaction | 200 | 4.7425 USD |
| Common | Sell Transaction | 600 | 4.7433 USD |
| Common | Sell Transaction | 223 | 4.7455 USD |
| Common | Sell Transaction | 754 | 4.7458 USD |
| Common | Sell Transaction | 1,900 | 4.7468 USD |
| Common | Sell Transaction | 908 | 4.7493 USD |
| Common | Sell Transaction | 242 | 4.7499 USD |
| Common | Sell Transaction | 2,477 | 4.7500 USD |
| Common | Sell Transaction | 17 | 4.7506 USD |
| Common | Sell Transaction | 10,800 | 4.7524 USD |
| Common | Sell Transaction | 1,400 | 4.7536 USD |
| Common | Sell Transaction | 3,329 | 4.7539 USD |
| Common | Sell Transaction | 2 | 4.7550 USD |
| Common | Sell Transaction | 3,622 | 4.7580 USD |
| Common | Sell Transaction | 238 | 4.7600 USD |
| Common | Sell Transaction | 818 | 4.7623 USD |
| Common | Sell Transaction | 1,000 | 4.7630 USD |
| Common | Sell Transaction | 515 | 4.7661 USD |
| Common | Sell Transaction | 636 | 4.7674 USD |
| Common | Sell Transaction | 5 | 4.7700 USD |
| Common | Sell Transaction | 109 | 4.7714 USD |
| Common | Sell Transaction | 272 | 4.7716 USD |
| Common | Sell Transaction | 300 | 4.7767 USD |
| Common | Sell Transaction | 27,377 | 4.7772 USD |
| Common | Sell Transaction | 437 | 4.7800 USD |
| Common | Sell Transaction | 500 | 4.7860 USD |
| Common | Sell Transaction | 10,927 | 4.7900 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 | 6 | 4.0000 USD | American | 2025-Mar-21 | 0.7300 USD |
| Common | Put Option | Sell Transaction | 1 | 6.0000 USD | American | 2025-Jul-18 | 1.4100 USD |
| Common | Put Option | Sell Transaction | 1 | 7.0000 USD | American | 2025-Jul-18 | 2.3500 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: | 7 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 | Call Option | Purchased | 700 | 10.0 USD | American | 18/07/2025 |
| Common | Put Option | Purchased | -100,000 | 7.0 USD | American | 20/06/2025 |
| Common | Put Option | Purchased | -4,000 | 4.0 USD | American | 20/06/2025 |
| Common | Put Option | Purchased | -8,400 | 5.0 USD | American | 16/01/2026 |
| Common | Call Option | Purchased | 2,300 | 7.0 USD | American | 20/06/2025 |
| Common | Call Option | Purchased | 2,500 | 10.0 USD | American | 16/01/2026 |
| Common | Call Option | Purchased | 700 | 4.0 USD | American | 21/03/2025 |
| Common | Call Option | Purchased | 246,200 | 6.0 USD | American | 18/07/2025 |
| Common | Put Option | Purchased | -104,200 | 6.0 USD | American | 20/06/2025 |
| Common | Put Option | Purchased | -5,400 | 4.0 USD | American | 18/07/2025 |
| Common | Call Option | Purchased | 600 | 10.0 USD | American | 17/04/2025 |
| 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 | 300 | 8.0 USD | American | 20/06/2025 |
| Common | Call Option | Purchased | 300,000 | 6.0 USD | American | 18/07/2025 |
| Common | Put Option | Purchased | -500 | 5.0 USD | American | 17/10/2025 |
| Common | Put Option | Purchased | -3,800 | 4.0 USD | American | 17/04/2025 |
| Common | Put Option | Purchased | -700 | 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 | Call Option | Purchased | 900 | 5.0 USD | American | 16/01/2026 |
| Common | Put Option | Purchased | -5,800 | 5.0 USD | American | 21/03/2025 |
| Common | Call Option | Sold | -800 | 12.0 USD | American | 16/01/2026 |
| Common | Call Option | Sold | -300 | 5.0 USD | American | 21/03/2025 |
| Common | Call Option | Sold | -116,600 | 7.0 USD | American | 16/01/2026 |
| Common | Call Option | Sold | -100 | 15.0 USD | American | 16/01/2026 |
| Common | Call Option | Sold | -2,500 | 4.0 USD | American | 17/07/2026 |
| Common | Call Option | Sold | -12,700 | 7.0 USD | American | 17/04/2025 |
| Common | Call Option | Sold | -29,400 | 8.0 USD | American | 18/07/2025 |
| Common | Call Option | Sold | -8,800 | 4.0 USD | American | 20/06/2025 |
| Common | Put Option | Sold | 75,400 | 7.0 USD | American | 16/01/2026 |
| Common | Put Option | Sold | 99,900 | 8.0 USD | American | 20/06/2025 |
| Common | Call Option | Sold | -1,600 | 5.0 USD | American | 20/06/2025 |
| Common | Call Option | Sold | -200 | 6.0 USD | American | 17/10/2025 |
| Common | Put Option | Sold | 7,600 | 6.0 USD | American | 17/04/2025 |
| Common | Call Option | Sold | -3,500 | 4.0 USD | American | 18/07/2025 |
| Common | Call Option | Sold | -31,700 | 5.0 USD | American | 17/07/2026 |
| Common | Call Option | Sold | -8,600 | 8.0 USD | American | 17/04/2025 |
| Common | Call Option | Sold | -500 | 3.0 USD | American | 17/07/2026 |
| Common | Call Option | Sold | -1,900 | 9.0 USD | American | 17/04/2025 |
| Common | Call Option | Sold | -13,900 | 5.0 USD | American | 17/04/2025 |
| Common | Call Option | Sold | -3,200 | 4.0 USD | American | 17/04/2025 |
| Common | Put Option | Sold | 1,000 | 6.0 USD | American | 18/07/2025 |
| Common | Call Option | Sold | -500 | 10.0 USD | American | 17/07/2026 |
| Common | Call Option | Sold | -100,800 | 5.0 USD | American | 18/07/2025 |
| Common | Put Option | Sold | 1,600 | 4.0 USD | American | 21/03/2025 |
| Common | Put Option | Sold | 9,200 | 5.0 USD | American | 17/04/2025 |
| Common | Call Option | Sold | -200 | 7.0 USD | American | 18/07/2025 |
| Common | Call Option | Sold | -14,000 | 6.0 USD | American | 21/03/2025 |
| Common | Call Option | Sold | -500 | 4.0 USD | American | 16/01/2026 |
| Common | Call Option | Sold | -1,200 | 6.0 USD | American | 20/06/2025 |
| Common | Call Option | Sold | -1,500 | 6.0 USD | American | 17/04/2025 |
| Common | Call Option | Sold | -7,700 | 7.0 USD | American | 21/03/2025 |
| Common | Call Option | Sold | -1,000 | 3.0 USD | American | 16/01/2026 |
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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