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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 : 6994D
Citadel Group
04 April 2025
FORM 8.3
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
Rule 8.3 of the Takeover Code (the "Code")
1. KEY INFORMATION
| (a) Full name of discloser: | Citadel Group |
| (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. |
N/A |
| (c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree |
AMERICAN AXLE MANUFACTURING HOLDINGS INC |
| (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: | N/A |
| (e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure |
3 April 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: | 791,854 | 0.66 | 257,450 | 0.21 |
| (2) Cash-settled derivatives: | 105,675 | 0.08 | 0 | 0.00 |
| (3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 2,198,800 | 1.85 | 590,000 | 0.49 |
| TOTAL: | 3,096,329 | 2.61 | 847,450 | 0.71 |
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 | 25 | 3.5500 USD |
| Common | Buy Transaction | 1,000 | 3.5510 USD |
| Common | Buy Transaction | 8,090 | 3.5550 USD |
| Common | Buy Transaction | 2,966 | 3.5600 USD |
| Common | Buy Transaction | 2,113 | 3.5646 USD |
| Common | Buy Transaction | 8 | 3.5650 USD |
| Common | Buy Transaction | 17 | 3.5653 USD |
| Common | Buy Transaction | 1,429 | 3.5660 USD |
| Common | Buy Transaction | 1,339 | 3.5692 USD |
| Common | Buy Transaction | 30,280 | 3.5700 USD |
| Common | Buy Transaction | 193 | 3.5737 USD |
| Common | Buy Transaction | 3,713 | 3.5763 USD |
| Common | Buy Transaction | 345 | 3.5765 USD |
| Common | Buy Transaction | 1,415 | 3.5766 USD |
| Common | Buy Transaction | 737 | 3.5773 USD |
| Common | Buy Transaction | 53 | 3.5774 USD |
| Common | Buy Transaction | 2,848 | 3.5775 USD |
| Common | Buy Transaction | 299 | 3.5785 USD |
| Common | Buy Transaction | 1,066 | 3.5789 USD |
| Common | Buy Transaction | 500 | 3.5800 USD |
| Common | Buy Transaction | 197 | 3.5811 USD |
| Common | Buy Transaction | 5,229 | 3.5824 USD |
| Common | Buy Transaction | 2,357 | 3.5832 USD |
| Common | Buy Transaction | 1 | 3.5843 USD |
| Common | Buy Transaction | 169 | 3.5848 USD |
| Common | Buy Transaction | 344 | 3.5863 USD |
| Common | Buy Transaction | 711 | 3.5865 USD |
| Common | Buy Transaction | 2,202 | 3.5866 USD |
| Common | Buy Transaction | 5,462 | 3.5887 USD |
| Common | Buy Transaction | 2,050 | 3.5900 USD |
| Common | Buy Transaction | 20 | 3.5900 USD |
| Common | Buy Transaction | 537 | 3.5904 USD |
| Common | Buy Transaction | 45 | 3.5909 USD |
| Common | Buy Transaction | 1,304 | 3.5958 USD |
| Common | Buy Transaction | 7,322 | 3.5968 USD |
| Common | Buy Transaction | 1,363 | 3.5974 USD |
| Common | Buy Transaction | 343 | 3.6003 USD |
| Common | Buy Transaction | 3,990 | 3.6005 USD |
| Common | Buy Transaction | 69 | 3.6009 USD |
| Common | Buy Transaction | 1,606 | 3.6014 USD |
| Common | Buy Transaction | 499 | 3.6021 USD |
| Common | Buy Transaction | 1,916 | 3.6023 USD |
| Common | Buy Transaction | 199 | 3.6034 USD |
| Common | Buy Transaction | 1,507 | 3.6046 USD |
| Common | Buy Transaction | 600 | 3.6050 USD |
| Common | Buy Transaction | 155 | 3.6050 USD |
| Common | Buy Transaction | 286 | 3.6055 USD |
| Common | Buy Transaction | 2,965 | 3.6056 USD |
| Common | Buy Transaction | 3,067 | 3.6071 USD |
| Common | Buy Transaction | 340 | 3.6090 USD |
| Common | Buy Transaction | 546 | 3.6091 USD |
| Common | Buy Transaction | 4,249 | 3.6100 USD |
| Common | Buy Transaction | 385 | 3.6103 USD |
| Common | Buy Transaction | 2,600 | 3.6119 USD |
| Common | Buy Transaction | 1,000 | 3.6120 USD |
| Common | Buy Transaction | 6,731 | 3.6156 USD |
| Common | Buy Transaction | 75 | 3.6157 USD |
| Common | Buy Transaction | 8,173 | 3.6199 USD |
| Common | Buy Transaction | 189 | 3.6200 USD |
| Common | Buy Transaction | 330 | 3.6210 USD |
| Common | Buy Transaction | 15 | 3.6260 USD |
| Common | Buy Transaction | 956 | 3.6279 USD |
| Common | Buy Transaction | 2,000 | 3.6300 USD |
| Common | Buy Transaction | 2,497 | 3.6320 USD |
| Common | Buy Transaction | 1,820 | 3.6331 USD |
| Common | Buy Transaction | 1,278 | 3.6348 USD |
| Common | Buy Transaction | 40 | 3.6350 USD |
| Common | Buy Transaction | 1,200 | 3.6354 USD |
| Common | Buy Transaction | 265 | 3.6379 USD |
| Common | Buy Transaction | 1,189 | 3.6397 USD |
| Common | Buy Transaction | 800 | 3.6400 USD |
| Common | Buy Transaction | 180 | 3.6413 USD |
| Common | Buy Transaction | 2,938 | 3.6427 USD |
| Common | Buy Transaction | 3,451 | 3.6450 USD |
| Common | Buy Transaction | 1,000 | 3.6450 USD |
| Common | Buy Transaction | 500 | 3.6480 USD |
| Common | Buy Transaction | 2,545 | 3.6500 USD |
| Common | Buy Transaction | 200 | 3.6600 USD |
| Common | Buy Transaction | 53,205 | 3.6626 USD |
| Common | Buy Transaction | 286 | 3.6649 USD |
| Common | Buy Transaction | 2,493 | 3.6700 USD |
| Common | Buy Transaction | 98 | 3.6701 USD |
| Common | Buy Transaction | 13,999 | 3.6703 USD |
| Common | Buy Transaction | 500 | 3.6720 USD |
| Common | Buy Transaction | 300 | 3.6733 USD |
| Common | Buy Transaction | 300 | 3.6800 USD |
| Common | Buy Transaction | 320 | 3.6801 USD |
| Common | Buy Transaction | 2,100 | 3.6805 USD |
| Common | Buy Transaction | 550 | 3.6809 USD |
| Common | Buy Transaction | 3,698 | 3.6821 USD |
| Common | Buy Transaction | 772 | 3.6846 USD |
| Common | Buy Transaction | 981 | 3.6882 USD |
| Common | Buy Transaction | 296 | 3.6950 USD |
| Common | Buy Transaction | 621 | 3.6965 USD |
| Common | Buy Transaction | 132 | 3.6994 USD |
| Common | Buy Transaction | 1,016 | 3.7000 USD |
| Common | Buy Transaction | 805 | 3.7019 USD |
| Common | Buy Transaction | 500 | 3.7020 USD |
| Common | Buy Transaction | 300 | 3.7033 USD |
| Common | Buy Transaction | 5,070 | 3.7044 USD |
| Common | Buy Transaction | 838 | 3.7049 USD |
| Common | Buy Transaction | 400 | 3.7050 USD |
| Common | Buy Transaction | 113 | 3.7050 USD |
| Common | Buy Transaction | 55 | 3.7051 USD |
| Common | Buy Transaction | 3,293 | 3.7055 USD |
| Common | Buy Transaction | 1,499 | 3.7074 USD |
| Common | Buy Transaction | 1,041 | 3.7100 USD |
| Common | Buy Transaction | 722 | 3.7200 USD |
| Common | Buy Transaction | 432 | 3.7238 USD |
| Common | Buy Transaction | 976 | 3.7277 USD |
| Common | Buy Transaction | 53 | 3.7300 USD |
| Common | Buy Transaction | 1,085 | 3.7340 USD |
| Common | Buy Transaction | 373 | 3.7349 USD |
| Common | Buy Transaction | 500 | 3.7400 USD |
| Common | Buy Transaction | 341 | 3.7489 USD |
| Common | Buy Transaction | 100 | 3.7700 USD |
| Common | DVP Transaction | 28 | 3.5500 USD |
| Common | DVP Transaction | 200 | 3.5501 USD |
| Common | DVP Transaction | 72 | 3.5501 USD |
| Common | DVP Transaction | 5,748 | 3.5550 USD |
| Common | DVP Transaction | 25 | 3.5560 USD |
| Common | DVP Transaction | 3,101 | 3.5650 USD |
| Common | DVP Transaction | 671 | 3.5650 USD |
| Common | DVP Transaction | 5 | 3.5660 USD |
| Common | DVP Transaction | 8,019 | 3.5700 USD |
| Common | DVP Transaction | 190 | 3.5750 USD |
| Common | DVP Transaction | 100 | 3.6200 USD |
| Common | DVP Transaction | 2,000 | 3.6550 USD |
| Common | DVP Transaction | 113 | 3.7050 USD |
| Common | DVP Transaction | 103 | 3.7456 USD |
| Common | DVP Transaction | 52 | 3.7500 USD |
| Common | DVP Transaction | 2,195 | 3.7700 USD |
| Common | DVP Transaction | 300 | 3.7800 USD |
| Common | RVP Transaction | 300 | 3.5501 USD |
| Common | RVP Transaction | 500 | 3.5550 USD |
| Common | RVP Transaction | 1,293 | 3.5550 USD |
| Common | RVP Transaction | 2,240 | 3.5550 USD |
| Common | RVP Transaction | 2,417 | 3.5606 USD |
| Common | RVP Transaction | 1,842 | 3.5628 USD |
| Common | RVP Transaction | 560 | 3.5636 USD |
| Common | RVP Transaction | 217 | 3.5650 USD |
| Common | RVP Transaction | 671 | 3.5650 USD |
| Common | RVP Transaction | 8,019 | 3.5700 USD |
| Common | RVP Transaction | 100 | 3.6200 USD |
| Common | RVP Transaction | 2,000 | 3.6550 USD |
| Common | RVP Transaction | 113 | 3.7050 USD |
| Common | RVP Transaction | 2,297 | 3.7695 USD |
| Common | RVP Transaction | 150 | 3.7700 USD |
| Common | RVP Transaction | 203 | 3.7724 USD |
| Common | Sell Transaction | 28 | 3.5600 USD |
| Common | Sell Transaction | 7,000 | 3.5650 USD |
| Common | Sell Transaction | 195 | 3.5650 USD |
| Common | Sell Transaction | 35 | 3.5651 USD |
| Common | Sell Transaction | 98 | 3.5682 USD |
| Common | Sell Transaction | 200 | 3.5689 USD |
| Common | Sell Transaction | 4,811 | 3.5699 USD |
| Common | Sell Transaction | 27,925 | 3.5700 USD |
| Common | Sell Transaction | 1,253 | 3.5712 USD |
| Common | Sell Transaction | 2,125 | 3.5884 USD |
| Common | Sell Transaction | 2 | 3.5900 USD |
| Common | Sell Transaction | 1,031 | 3.5967 USD |
| Common | Sell Transaction | 1,533 | 3.5978 USD |
| Common | Sell Transaction | 1,000 | 3.5993 USD |
| Common | Sell Transaction | 8,295 | 3.5999 USD |
| Common | Sell Transaction | 297 | 3.6000 USD |
| Common | Sell Transaction | 14,600 | 3.6012 USD |
| Common | Sell Transaction | 1,092 | 3.6091 USD |
| Common | Sell Transaction | 5,000 | 3.6092 USD |
| Common | Sell Transaction | 26 | 3.6100 USD |
| Common | Sell Transaction | 675 | 3.6107 USD |
| Common | Sell Transaction | 122 | 3.6139 USD |
| Common | Sell Transaction | 1,528 | 3.6142 USD |
| Common | Sell Transaction | 200 | 3.6150 USD |
| Common | Sell Transaction | 51 | 3.6165 USD |
| Common | Sell Transaction | 34 | 3.6179 USD |
| Common | Sell Transaction | 3,288 | 3.6189 USD |
| Common | Sell Transaction | 1,652 | 3.6200 USD |
| Common | Sell Transaction | 409 | 3.6202 USD |
| Common | Sell Transaction | 2,222 | 3.6202 USD |
| Common | Sell Transaction | 3,937 | 3.6224 USD |
| Common | Sell Transaction | 1,927 | 3.6230 USD |
| Common | Sell Transaction | 47,564 | 3.6295 USD |
| Common | Sell Transaction | 123 | 3.6300 USD |
| Common | Sell Transaction | 22,757 | 3.6307 USD |
| Common | Sell Transaction | 754 | 3.6308 USD |
| Common | Sell Transaction | 5,674 | 3.6322 USD |
| Common | Sell Transaction | 2 | 3.6331 USD |
| Common | Sell Transaction | 5 | 3.6350 USD |
| Common | Sell Transaction | 150 | 3.6352 USD |
| Common | Sell Transaction | 11 | 3.6355 USD |
| Common | Sell Transaction | 685 | 3.6364 USD |
| Common | Sell Transaction | 4,900 | 3.6378 USD |
| Common | Sell Transaction | 469 | 3.6379 USD |
| Common | Sell Transaction | 707 | 3.6387 USD |
| Common | Sell Transaction | 700 | 3.6429 USD |
| Common | Sell Transaction | 4,759 | 3.6433 USD |
| Common | Sell Transaction | 65 | 3.6438 USD |
| Common | Sell Transaction | 1,779 | 3.6442 USD |
| Common | Sell Transaction | 200 | 3.6450 USD |
| Common | Sell Transaction | 330 | 3.6467 USD |
| Common | Sell Transaction | 395 | 3.6472 USD |
| Common | Sell Transaction | 309 | 3.6500 USD |
| Common | Sell Transaction | 405 | 3.6505 USD |
| Common | Sell Transaction | 2,355 | 3.6507 USD |
| Common | Sell Transaction | 300 | 3.6533 USD |
| Common | Sell Transaction | 700 | 3.6557 USD |
| Common | Sell Transaction | 500 | 3.6560 USD |
| Common | Sell Transaction | 1,068 | 3.6569 USD |
| Common | Sell Transaction | 2,017 | 3.6576 USD |
| Common | Sell Transaction | 2,721 | 3.6582 USD |
| Common | Sell Transaction | 800 | 3.6587 USD |
| Common | Sell Transaction | 400 | 3.6600 USD |
| Common | Sell Transaction | 4,694 | 3.6624 USD |
| Common | Sell Transaction | 436 | 3.6626 USD |
| Common | Sell Transaction | 3,117 | 3.6632 USD |
| Common | Sell Transaction | 500 | 3.6640 USD |
| Common | Sell Transaction | 4,917 | 3.6647 USD |
| Common | Sell Transaction | 200 | 3.6650 USD |
| Common | Sell Transaction | 2,102 | 3.6660 USD |
| Common | Sell Transaction | 6,722 | 3.6667 USD |
| Common | Sell Transaction | 4,828 | 3.6672 USD |
| Common | Sell Transaction | 1,404 | 3.6674 USD |
| Common | Sell Transaction | 500 | 3.6680 USD |
| Common | Sell Transaction | 352 | 3.6685 USD |
| Common | Sell Transaction | 2,537 | 3.6688 USD |
| Common | Sell Transaction | 5,843 | 3.6700 USD |
| Common | Sell Transaction | 842 | 3.6702 USD |
| Common | Sell Transaction | 926 | 3.6729 USD |
| Common | Sell Transaction | 600 | 3.6733 USD |
| Common | Sell Transaction | 2,439 | 3.6738 USD |
| Common | Sell Transaction | 198 | 3.6751 USD |
| Common | Sell Transaction | 2,000 | 3.6790 USD |
| Common | Sell Transaction | 298 | 3.6799 USD |
| Common | Sell Transaction | 904 | 3.6800 USD |
| Common | Sell Transaction | 2,955 | 3.6817 USD |
| Common | Sell Transaction | 421 | 3.6861 USD |
| Common | Sell Transaction | 429 | 3.6940 USD |
| Common | Sell Transaction | 111 | 3.6980 USD |
| Common | Sell Transaction | 1,278 | 3.6994 USD |
| Common | Sell Transaction | 4,200 | 3.7000 USD |
| Common | Sell Transaction | 1,365 | 3.7004 USD |
| Common | Sell Transaction | 1,864 | 3.7019 USD |
| Common | Sell Transaction | 874 | 3.7030 USD |
| Common | Sell Transaction | 300 | 3.7045 USD |
| Common | Sell Transaction | 10 | 3.7050 USD |
| Common | Sell Transaction | 627 | 3.7062 USD |
| Common | Sell Transaction | 1,037 | 3.7066 USD |
| Common | Sell Transaction | 188 | 3.7091 USD |
| Common | Sell Transaction | 941 | 3.7099 USD |
| Common | Sell Transaction | 685 | 3.7100 USD |
| Common | Sell Transaction | 1,143 | 3.7115 USD |
| Common | Sell Transaction | 11,392 | 3.7129 USD |
| Common | Sell Transaction | 121 | 3.7135 USD |
| Common | Sell Transaction | 248 | 3.7150 USD |
| Common | Sell Transaction | 287 | 3.7154 USD |
| Common | Sell Transaction | 501 | 3.7200 USD |
| Common | Sell Transaction | 112 | 3.7200 USD |
| Common | Sell Transaction | 198 | 3.7303 USD |
| Common | Sell Transaction | 1,773 | 3.7358 USD |
| Common | Sell Transaction | 500 | 3.7400 USD |
| Common | Sell Transaction | 377 | 3.7477 USD |
| Common | Sell Transaction | 306 | 3.7500 USD |
| Common | Sell Transaction | 0 | 3.7590 USD |
| Common | Sell Transaction | 830 | 3.7700 USD |
| Common | Sell Transaction | 210 | 3.7705 USD |
| Common | Sell Transaction | 653 | 3.7753 USD |
| Common | Sell Transaction | 8 | 3.8000 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 |
| Common | CFD | Increasing long position | 1,904 | 3.5700 USD |
(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 | 60 | 4.0000 USD | American | 2025-Jun-20 | 0.2700 USD |
| Common | Call Option | Buy Transaction | 1,500 | 4.0000 USD | American | 2025-Jun-20 | 0.2800 USD |
| Common | Put Option | Buy Transaction | 20 | 3.0000 USD | American | 2026-Jan-16 | 0.3500 USD |
| Common | Put Option | Buy Transaction | 1 | 4.0000 USD | American | 2025-Apr-17 | 0.4300 USD |
| Common | Call Option | DVP Transaction | 10 | 3.0000 USD | American | 2026-Jan-16 | 1.0920 USD |
| Common | Call Option | RVP Transaction | 2 | 3.0000 USD | American | 2026-Jan-16 | 1.0600 USD |
| Common | Call Option | RVP Transaction | 8 | 3.0000 USD | American | 2026-Jan-16 | 1.1000 USD |
| Common | Call Option | Sell Transaction | 1 | 4.0000 USD | American | 2025-Apr-17 | 0.2000 USD |
| Common | Call Option | Sell Transaction | 1 | 4.0000 USD | American | 2025-Jul-18 | 0.3000 USD |
| Common | Call Option | Sell Transaction | 1 | 3.0000 USD | American | 2025-Oct-17 | 1.0500 USD |
| Common | Call Option | Sell Transaction | 4 | 3.0000 USD | American | 2026-Jan-16 | 1.1000 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: | 4 April 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 | 2,300 | 7.0 USD | American | 20/06/2025 |
| Common | Put Option | Purchased | -4,300 | 4.0 USD | American | 20/06/2025 |
| Common | Put Option | Purchased | -5,400 | 4.0 USD | American | 18/07/2025 |
| Common | Call Option | Purchased | 6,000 | 4.0 USD | American | 17/10/2025 |
| Common | Put Option | Purchased | -1,400 | 5.0 USD | American | 20/06/2025 |
| Common | Call Option | Purchased | 300 | 8.0 USD | American | 20/06/2025 |
| Common | Call Option | Purchased | 245,600 | 6.0 USD | American | 18/07/2025 |
| Common | Put Option | Purchased | -700 | 7.0 USD | American | 18/07/2025 |
| Common | Call Option | Purchased | 600,000 | 6.0 USD | American | 18/07/2025 |
| Common | Put Option | Purchased | -5,900 | 4.0 USD | American | 17/04/2025 |
| Common | Call Option | Purchased | 6,800 | 5.0 USD | American | 20/06/2025 |
| Common | Call Option | Purchased | 150,000 | 4.0 USD | American | 20/06/2025 |
| Common | Put Option | Purchased | -1,000 | 5.0 USD | American | 17/04/2025 |
| Common | Put Option | Purchased | -900 | 5.0 USD | American | 17/07/2026 |
| Common | Call Option | Purchased | 1,000 | 5.0 USD | American | 16/01/2026 |
| Common | Put Option | Purchased | -1,400 | 4.0 USD | American | 16/01/2026 |
| Common | Call Option | Purchased | 600 | 10.0 USD | American | 17/04/2025 |
| Common | Call Option | Purchased | 1,300 | 5.0 USD | American | 16/05/2025 |
| Common | Put Option | Purchased | -99,800 | 7.0 USD | American | 20/06/2025 |
| Common | Call Option | Purchased | 700 | 10.0 USD | American | 18/07/2025 |
| Common | Call Option | Purchased | 1,000,000 | 5.0 USD | American | 20/06/2025 |
| Common | Put Option | Purchased | -104,200 | 6.0 USD | American | 20/06/2025 |
| Common | Call Option | Purchased | 800 | 4.0 USD | American | 17/04/2025 |
| Common | Call Option | Purchased | 2,500 | 10.0 USD | American | 16/01/2026 |
| Common | Put Option | Purchased | -8,400 | 5.0 USD | American | 16/01/2026 |
| Common | Put Option | Purchased | -13,000 | 3.0 USD | American | 16/01/2026 |
| Common | Put Option | Purchased | -300 | 5.0 USD | American | 17/10/2025 |
| Common | Call Option | Purchased | 200 | 6.0 USD | American | 17/10/2025 |
| Common | Put Option | Purchased | -300 | 4.0 USD | American | 16/05/2025 |
| Common | Call Option | Sold | -100 | 3.0 USD | American | 17/10/2025 |
| Common | Call Option | Sold | -500 | 4.0 USD | American | 16/01/2026 |
| Common | Call Option | Sold | -1,900 | 9.0 USD | American | 17/04/2025 |
| Common | Call Option | Sold | -1,700 | 6.0 USD | American | 17/04/2025 |
| Common | Call Option | Sold | -200 | 7.0 USD | American | 18/07/2025 |
| Common | Call Option | Sold | -3,400 | 10.0 USD | American | 17/07/2026 |
| Common | Call Option | Sold | -13,900 | 5.0 USD | American | 17/04/2025 |
| Common | Call Option | Sold | -118,300 | 7.0 USD | American | 16/01/2026 |
| Common | Call Option | Sold | -800 | 12.0 USD | American | 16/01/2026 |
| Common | Put Option | Sold | 74,900 | 7.0 USD | American | 16/01/2026 |
| Common | Put Option | Sold | 800 | 5.0 USD | American | 18/07/2025 |
| Common | Call Option | Sold | -100,900 | 5.0 USD | American | 18/07/2025 |
| Common | Call Option | Sold | -31,700 | 5.0 USD | American | 17/07/2026 |
| Common | Call Option | Sold | -2,000 | 6.0 USD | American | 20/06/2025 |
| Common | Call Option | Sold | -2,800 | 4.0 USD | American | 20/06/2025 |
| Common | Call Option | Sold | -9,500 | 4.0 USD | American | 18/07/2025 |
| Common | Call Option | Sold | -8,600 | 8.0 USD | American | 17/04/2025 |
| 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 | -500 | 3.0 USD | American | 17/07/2026 |
| Common | Call Option | Sold | -200 | 15.0 USD | American | 16/01/2026 |
| Common | Call Option | Sold | -1,400 | 3.0 USD | American | 16/01/2026 |
| Common | Put Option | Sold | 99,900 | 8.0 USD | American | 20/06/2025 |
| Common | Call Option | Sold | -2,500 | 4.0 USD | American | 17/07/2026 |
| Common | Put Option | Sold | 5,100 | 6.0 USD | American | 17/04/2025 |
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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