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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 : 3362H
Citadel Group
06 May 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 |
2 May 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: | 701,373 | 0.59 | 75,432 | 0.06 |
| (2) Cash-settled derivatives: | 0 | 0.00 | 0 | 0.00 |
| (3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 2,125,100 | 1.79 | 479,200 | 0.40 |
| TOTAL: | 2,826,473 | 2.38 | 554,632 | 0.46 |
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 | 1 | 3.8800 USD |
| Common | Buy Transaction | 1 | 3.9042 USD |
| Common | Buy Transaction | 164 | 3.9100 USD |
| Common | Buy Transaction | 770 | 3.9459 USD |
| Common | Buy Transaction | 1,100 | 3.9500 USD |
| Common | Buy Transaction | 5 | 3.9520 USD |
| Common | Buy Transaction | 110 | 3.9550 USD |
| Common | Buy Transaction | 2 | 3.9554 USD |
| Common | Buy Transaction | 423 | 3.9621 USD |
| Common | Buy Transaction | 1,132 | 3.9633 USD |
| Common | Buy Transaction | 1,500 | 3.9640 USD |
| Common | Buy Transaction | 874 | 3.9653 USD |
| Common | Buy Transaction | 233 | 3.9666 USD |
| Common | Buy Transaction | 2,147 | 3.9698 USD |
| Common | Buy Transaction | 669 | 3.9700 USD |
| Common | Buy Transaction | 45 | 3.9709 USD |
| Common | Buy Transaction | 3,605 | 3.9711 USD |
| Common | Buy Transaction | 800 | 3.9725 USD |
| Common | Buy Transaction | 7,428 | 3.9731 USD |
| Common | Buy Transaction | 636 | 3.9735 USD |
| Common | Buy Transaction | 2,226 | 3.9741 USD |
| Common | Buy Transaction | 747 | 3.9745 USD |
| Common | Buy Transaction | 168 | 3.9750 USD |
| Common | Buy Transaction | 941 | 3.9756 USD |
| Common | Buy Transaction | 2,129 | 3.9765 USD |
| Common | Buy Transaction | 1,662 | 3.9766 USD |
| Common | Buy Transaction | 3,598 | 3.9776 USD |
| Common | Buy Transaction | 1,814 | 3.9781 USD |
| Common | Buy Transaction | 2,003 | 3.9795 USD |
| Common | Buy Transaction | 3,792 | 3.9797 USD |
| Common | Buy Transaction | 3,329 | 3.9800 USD |
| Common | Buy Transaction | 393 | 3.9802 USD |
| Common | Buy Transaction | 5,900 | 3.9805 USD |
| Common | Buy Transaction | 600 | 3.9810 USD |
| Common | Buy Transaction | 5,238 | 3.9815 USD |
| Common | Buy Transaction | 13,390 | 3.9818 USD |
| Common | Buy Transaction | 30,480 | 3.9828 USD |
| Common | Buy Transaction | 569 | 3.9830 USD |
| Common | Buy Transaction | 2,285 | 3.9832 USD |
| Common | Buy Transaction | 650 | 3.9842 USD |
| Common | Buy Transaction | 3,043 | 3.9842 USD |
| Common | Buy Transaction | 1,363 | 3.9845 USD |
| Common | Buy Transaction | 4,478 | 3.9850 USD |
| Common | Buy Transaction | 800 | 3.9863 USD |
| Common | Buy Transaction | 15,049 | 3.9900 USD |
| Common | Buy Transaction | 1,950 | 3.9909 USD |
| Common | Buy Transaction | 3,294 | 3.9917 USD |
| Common | Buy Transaction | 506 | 3.9925 USD |
| Common | Buy Transaction | 5,516 | 3.9955 USD |
| Common | Buy Transaction | 1,070 | 3.9959 USD |
| Common | Buy Transaction | 5,024 | 3.9968 USD |
| Common | Buy Transaction | 2,036 | 4.0000 USD |
| Common | Buy Transaction | 2,000 | 4.0001 USD |
| Common | Buy Transaction | 214 | 4.0029 USD |
| Common | Buy Transaction | 999 | 4.0048 USD |
| Common | Buy Transaction | 149 | 4.0057 USD |
| Common | Buy Transaction | 5,378 | 4.0078 USD |
| Common | Buy Transaction | 122 | 4.0098 USD |
| Common | Buy Transaction | 100 | 4.0100 USD |
| Common | Buy Transaction | 301 | 4.0102 USD |
| Common | Buy Transaction | 2,134 | 4.0121 USD |
| Common | Buy Transaction | 9,188 | 4.0136 USD |
| Common | Buy Transaction | 1,009 | 4.0136 USD |
| Common | Buy Transaction | 449 | 4.0154 USD |
| Common | Buy Transaction | 7,325 | 4.0164 USD |
| Common | Buy Transaction | 948 | 4.0169 USD |
| Common | Buy Transaction | 700 | 4.0186 USD |
| Common | Buy Transaction | 1,202 | 4.0200 USD |
| Common | Buy Transaction | 2,092 | 4.0201 USD |
| Common | Buy Transaction | 1,560 | 4.0224 USD |
| Common | Buy Transaction | 1,130 | 4.0255 USD |
| Common | Buy Transaction | 2,447 | 4.0256 USD |
| Common | Buy Transaction | 2,730 | 4.0256 USD |
| Common | Buy Transaction | 849 | 4.0281 USD |
| Common | Buy Transaction | 540 | 4.0300 USD |
| Common | Buy Transaction | 1,800 | 4.0318 USD |
| Common | Buy Transaction | 200 | 4.0350 USD |
| Common | Buy Transaction | 1,247 | 4.0358 USD |
| Common | Buy Transaction | 556 | 4.0405 USD |
| Common | Buy Transaction | 2,393 | 4.0440 USD |
| Common | Buy Transaction | 53 | 4.0455 USD |
| Common | Buy Transaction | 2,488 | 4.0473 USD |
| Common | Buy Transaction | 57,102 | 4.0496 USD |
| Common | Buy Transaction | 251 | 4.0500 USD |
| Common | Buy Transaction | 5,209 | 4.0508 USD |
| Common | Buy Transaction | 2,600 | 4.0523 USD |
| Common | Buy Transaction | 1,900 | 4.0553 USD |
| Common | Buy Transaction | 2,832 | 4.0587 USD |
| Common | Buy Transaction | 185 | 4.0600 USD |
| Common | Buy Transaction | 742 | 4.0621 USD |
| Common | Buy Transaction | 640 | 4.0625 USD |
| Common | Buy Transaction | 7 | 4.0643 USD |
| Common | Buy Transaction | 47,749 | 4.0664 USD |
| Common | Buy Transaction | 1,850 | 4.0666 USD |
| Common | Buy Transaction | 2,878 | 4.0686 USD |
| Common | Buy Transaction | 300 | 4.0700 USD |
| Common | Buy Transaction | 1,449 | 4.0707 USD |
| Common | Buy Transaction | 1,051 | 4.0737 USD |
| Common | Buy Transaction | 932 | 4.0749 USD |
| Common | Buy Transaction | 6,537 | 4.0759 USD |
| Common | Buy Transaction | 600 | 4.0800 USD |
| Common | Buy Transaction | 90 | 4.0808 USD |
| Common | Buy Transaction | 100 | 4.0808 USD |
| Common | Buy Transaction | 1,300 | 4.0823 USD |
| Common | Buy Transaction | 433 | 4.0832 USD |
| Common | Buy Transaction | 200 | 4.0850 USD |
| Common | Buy Transaction | 500 | 4.0860 USD |
| Common | Buy Transaction | 649 | 4.0870 USD |
| Common | Buy Transaction | 1,042 | 4.0885 USD |
| Common | Buy Transaction | 2,709 | 4.0900 USD |
| Common | Buy Transaction | 2,492 | 4.0904 USD |
| Common | Buy Transaction | 2,200 | 4.0932 USD |
| Common | Buy Transaction | 600 | 4.0950 USD |
| Common | Buy Transaction | 400 | 4.1000 USD |
| Common | Buy Transaction | 3,635 | 4.1002 USD |
| Common | Buy Transaction | 1,364 | 4.1005 USD |
| Common | Buy Transaction | 1,560 | 4.1010 USD |
| Common | Buy Transaction | 600 | 4.1017 USD |
| Common | Buy Transaction | 400 | 4.1050 USD |
| Common | Buy Transaction | 169 | 4.1096 USD |
| Common | Buy Transaction | 2,330 | 4.1149 USD |
| Common | Buy Transaction | 753 | 4.1174 USD |
| Common | Buy Transaction | 287 | 4.1200 USD |
| Common | Buy Transaction | 92 | 4.1200 USD |
| Common | Buy Transaction | 4 | 4.1250 USD |
| Common | Buy Transaction | 430 | 4.1254 USD |
| Common | Buy Transaction | 302 | 4.1255 USD |
| Common | Buy Transaction | 4,200 | 4.1336 USD |
| Common | Buy Transaction | 215 | 4.1340 USD |
| Common | Buy Transaction | 157 | 4.1408 USD |
| Common | Buy Transaction | 14,300 | 4.1415 USD |
| Common | Buy Transaction | 1,000 | 4.1505 USD |
| Common | Buy Transaction | 2,300 | 4.1513 USD |
| Common | Buy Transaction | 7 | 4.1557 USD |
| Common | Buy Transaction | 600 | 4.1601 USD |
| Common | Buy Transaction | 300 | 4.1700 USD |
| Common | Buy Transaction | 30 | 4.1707 USD |
| Common | Buy Transaction | 1 | 4.1800 USD |
| Common | Buy Transaction | 2 | 4.1850 USD |
| Common | Buy Transaction | 5,000 | 4.1900 USD |
| Common | Buy Transaction | 4,319 | 4.1917 USD |
| Common | Buy Transaction | 337 | 4.2000 USD |
| Common | DVP Transaction | 915 | 3.8800 USD |
| Common | DVP Transaction | 1,025 | 3.9200 USD |
| Common | DVP Transaction | 208 | 3.9220 USD |
| Common | DVP Transaction | 1 | 3.9800 USD |
| Common | DVP Transaction | 11,242 | 3.9900 USD |
| Common | DVP Transaction | 200 | 4.0100 USD |
| Common | DVP Transaction | 100 | 4.0150 USD |
| Common | DVP Transaction | 1,500 | 4.0200 USD |
| Common | DVP Transaction | 96 | 4.0467 USD |
| Common | DVP Transaction | 2,200 | 4.0600 USD |
| Common | DVP Transaction | 1 | 4.0800 USD |
| Common | DVP Transaction | 7 | 4.1550 USD |
| Common | RVP Transaction | 896 | 3.8800 USD |
| Common | RVP Transaction | 21 | 3.8848 USD |
| Common | RVP Transaction | 215 | 3.9172 USD |
| Common | RVP Transaction | 1,025 | 3.9200 USD |
| Common | RVP Transaction | 9 | 3.9833 USD |
| Common | RVP Transaction | 11,242 | 3.9900 USD |
| Common | RVP Transaction | 1,300 | 4.0181 USD |
| Common | RVP Transaction | 500 | 4.0200 USD |
| Common | RVP Transaction | 2,200 | 4.0600 USD |
| Common | RVP Transaction | 80 | 4.0800 USD |
| Common | RVP Transaction | 7 | 4.1550 USD |
| Common | Sell Transaction | 100 | 3.9000 USD |
| Common | Sell Transaction | 1,000 | 3.9200 USD |
| Common | Sell Transaction | 1,413 | 3.9347 USD |
| Common | Sell Transaction | 2,000 | 3.9375 USD |
| Common | Sell Transaction | 400 | 3.9475 USD |
| Common | Sell Transaction | 100 | 3.9500 USD |
| Common | Sell Transaction | 300 | 3.9533 USD |
| Common | Sell Transaction | 500 | 3.9550 USD |
| Common | Sell Transaction | 800 | 3.9562 USD |
| Common | Sell Transaction | 4,601 | 3.9600 USD |
| Common | Sell Transaction | 7,566 | 3.9612 USD |
| Common | Sell Transaction | 28,511 | 3.9618 USD |
| Common | Sell Transaction | 104 | 3.9634 USD |
| Common | Sell Transaction | 1,393 | 3.9669 USD |
| Common | Sell Transaction | 7,700 | 3.9671 USD |
| Common | Sell Transaction | 1,000 | 3.9691 USD |
| Common | Sell Transaction | 1,504 | 3.9700 USD |
| Common | Sell Transaction | 3,762 | 3.9713 USD |
| Common | Sell Transaction | 9,500 | 3.9750 USD |
| Common | Sell Transaction | 4,000 | 3.9750 USD |
| Common | Sell Transaction | 941 | 3.9769 USD |
| Common | Sell Transaction | 3,535 | 3.9791 USD |
| Common | Sell Transaction | 2,236 | 3.9796 USD |
| Common | Sell Transaction | 2,410 | 3.9800 USD |
| Common | Sell Transaction | 302 | 3.9800 USD |
| Common | Sell Transaction | 4,135 | 3.9801 USD |
| Common | Sell Transaction | 161 | 3.9835 USD |
| Common | Sell Transaction | 14,639 | 3.9850 USD |
| Common | Sell Transaction | 6,354 | 3.9857 USD |
| Common | Sell Transaction | 2,580 | 3.9870 USD |
| Common | Sell Transaction | 195 | 3.9884 USD |
| Common | Sell Transaction | 348 | 3.9890 USD |
| Common | Sell Transaction | 37 | 3.9892 USD |
| Common | Sell Transaction | 6,795 | 3.9892 USD |
| Common | Sell Transaction | 26,286 | 3.9900 USD |
| Common | Sell Transaction | 889 | 3.9912 USD |
| Common | Sell Transaction | 115 | 3.9919 USD |
| Common | Sell Transaction | 1,862 | 3.9950 USD |
| Common | Sell Transaction | 537 | 3.9962 USD |
| Common | Sell Transaction | 11,881 | 3.9973 USD |
| Common | Sell Transaction | 1,896 | 3.9974 USD |
| Common | Sell Transaction | 5,969 | 3.9982 USD |
| Common | Sell Transaction | 7,023 | 4.0000 USD |
| Common | Sell Transaction | 359 | 4.0048 USD |
| Common | Sell Transaction | 3 | 4.0061 USD |
| Common | Sell Transaction | 10,654 | 4.0100 USD |
| Common | Sell Transaction | 2,005 | 4.0110 USD |
| Common | Sell Transaction | 236 | 4.0119 USD |
| Common | Sell Transaction | 50 | 4.0136 USD |
| Common | Sell Transaction | 200 | 4.0150 USD |
| Common | Sell Transaction | 841 | 4.0171 USD |
| Common | Sell Transaction | 2,640 | 4.0180 USD |
| Common | Sell Transaction | 14,728 | 4.0181 USD |
| Common | Sell Transaction | 486 | 4.0184 USD |
| Common | Sell Transaction | 975 | 4.0199 USD |
| Common | Sell Transaction | 38 | 4.0200 USD |
| Common | Sell Transaction | 1,842 | 4.0211 USD |
| Common | Sell Transaction | 154 | 4.0237 USD |
| Common | Sell Transaction | 676 | 4.0243 USD |
| Common | Sell Transaction | 7,699 | 4.0249 USD |
| Common | Sell Transaction | 5,226 | 4.0256 USD |
| Common | Sell Transaction | 351 | 4.0261 USD |
| Common | Sell Transaction | 371 | 4.0265 USD |
| Common | Sell Transaction | 352 | 4.0271 USD |
| Common | Sell Transaction | 1,308 | 4.0300 USD |
| Common | Sell Transaction | 2,000 | 4.0320 USD |
| Common | Sell Transaction | 701 | 4.0327 USD |
| Common | Sell Transaction | 13,095 | 4.0341 USD |
| Common | Sell Transaction | 4,897 | 4.0361 USD |
| Common | Sell Transaction | 420 | 4.0368 USD |
| Common | Sell Transaction | 104,458 | 4.0384 USD |
| Common | Sell Transaction | 1,217 | 4.0388 USD |
| Common | Sell Transaction | 1,242 | 4.0415 USD |
| Common | Sell Transaction | 410 | 4.0434 USD |
| Common | Sell Transaction | 1,313 | 4.0458 USD |
| Common | Sell Transaction | 2,307 | 4.0472 USD |
| Common | Sell Transaction | 6,581 | 4.0474 USD |
| Common | Sell Transaction | 143 | 4.0475 USD |
| Common | Sell Transaction | 786 | 4.0480 USD |
| Common | Sell Transaction | 1,483 | 4.0481 USD |
| Common | Sell Transaction | 275 | 4.0482 USD |
| Common | Sell Transaction | 150 | 4.0500 USD |
| Common | Sell Transaction | 793 | 4.0519 USD |
| Common | Sell Transaction | 10,004 | 4.0548 USD |
| Common | Sell Transaction | 52 | 4.0552 USD |
| Common | Sell Transaction | 419 | 4.0555 USD |
| Common | Sell Transaction | 847 | 4.0568 USD |
| Common | Sell Transaction | 2,415 | 4.0592 USD |
| Common | Sell Transaction | 300 | 4.0600 USD |
| Common | Sell Transaction | 3,022 | 4.0617 USD |
| Common | Sell Transaction | 195 | 4.0618 USD |
| Common | Sell Transaction | 80 | 4.0663 USD |
| Common | Sell Transaction | 10,300 | 4.0700 USD |
| Common | Sell Transaction | 55,257 | 4.0720 USD |
| Common | Sell Transaction | 886 | 4.0728 USD |
| Common | Sell Transaction | 216 | 4.0748 USD |
| Common | Sell Transaction | 221 | 4.0799 USD |
| Common | Sell Transaction | 5,271 | 4.0799 USD |
| Common | Sell Transaction | 100 | 4.0800 USD |
| Common | Sell Transaction | 7,923 | 4.0829 USD |
| Common | Sell Transaction | 2,492 | 4.0900 USD |
| Common | Sell Transaction | 247 | 4.0920 USD |
| Common | Sell Transaction | 2,076 | 4.0924 USD |
| Common | Sell Transaction | 1,300 | 4.0931 USD |
| Common | Sell Transaction | 400 | 4.0938 USD |
| Common | Sell Transaction | 370 | 4.0946 USD |
| Common | Sell Transaction | 690 | 4.0958 USD |
| Common | Sell Transaction | 600 | 4.0983 USD |
| Common | Sell Transaction | 700 | 4.1000 USD |
| Common | Sell Transaction | 400 | 4.1025 USD |
| Common | Sell Transaction | 15,495 | 4.1091 USD |
| Common | Sell Transaction | 6,072 | 4.1168 USD |
| Common | Sell Transaction | 2,224 | 4.1218 USD |
| Common | Sell Transaction | 302 | 4.1255 USD |
| Common | Sell Transaction | 8,313 | 4.1277 USD |
| Common | Sell Transaction | 2,405 | 4.1335 USD |
| Common | Sell Transaction | 647 | 4.1344 USD |
| Common | Sell Transaction | 1,422 | 4.1396 USD |
| Common | Sell Transaction | 408 | 4.1399 USD |
| Common | Sell Transaction | 200 | 4.1550 USD |
| Common | Sell Transaction | 700 | 4.1557 USD |
| Common | Sell Transaction | 306 | 4.1583 USD |
| Common | Sell Transaction | 300 | 4.1583 USD |
| Common | Sell Transaction | 293 | 4.1588 USD |
| Common | Sell Transaction | 718 | 4.1592 USD |
| Common | Sell Transaction | 205 | 4.1600 USD |
| Common | Sell Transaction | 682 | 4.1614 USD |
| Common | Sell Transaction | 1,918 | 4.1618 USD |
| Common | Sell Transaction | 9,025 | 4.1658 USD |
| Common | Sell Transaction | 1,300 | 4.1673 USD |
| Common | Sell Transaction | 1,000 | 4.1700 USD |
| Common | Sell Transaction | 1,000 | 4.1750 USD |
| Common | Sell Transaction | 1 | 4.1800 USD |
| Common | Sell Transaction | 250 | 4.1894 USD |
| Common | Sell Transaction | 50 | 4.1896 USD |
| Common | Sell Transaction | 400 | 4.1950 USD |
| Common | Sell Transaction | 2 | 4.2000 USD |
| Common | Sell Transaction | 30 | 4.2097 USD |
| Common | Sell Transaction | 149 | 4.2200 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 | Closing long position | 191 | 3.9100 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 | 11 | 6.0000 USD | American | 2025-Jun-20 | 0.0500 USD |
| Common | Call Option | Buy Transaction | 1 | 10.0000 USD | American | 2026-Jan-16 | 0.0700 USD |
| Common | Call Option | Buy Transaction | 1 | 5.0000 USD | American | 2025-Jul-18 | 0.1500 USD |
| Common | Call Option | Buy Transaction | 7 | 5.0000 USD | American | 2025-Jul-18 | 0.2000 USD |
| Common | Call Option | Buy Transaction | 198 | 4.0000 USD | American | 2025-May-16 | 0.2000 USD |
| Common | Call Option | Buy Transaction | 6 | 5.0000 USD | American | 2025-Jul-18 | 0.2200 USD |
| Common | Call Option | Buy Transaction | 1 | 5.0000 USD | American | 2025-Jul-18 | 0.2500 USD |
| Common | Call Option | Buy Transaction | 1 | 5.0000 USD | American | 2025-Oct-17 | 0.2500 USD |
| Common | Call Option | Buy Transaction | 2 | 5.0000 USD | American | 2025-Jul-18 | 0.2700 USD |
| Common | Call Option | Buy Transaction | 6 | 4.0000 USD | American | 2025-May-16 | 0.3000 USD |
| Common | Put Option | Buy Transaction | 50 | 4.0000 USD | American | 2025-Jun-20 | 0.3500 USD |
| Common | Put Option | Buy Transaction | 1 | 4.0000 USD | American | 2025-Jul-18 | 0.4000 USD |
| Common | Put Option | Buy Transaction | 3 | 4.0000 USD | American | 2025-Jul-18 | 0.4500 USD |
| Common | Call Option | Buy Transaction | 20 | 5.0000 USD | American | 2025-Oct-17 | 0.4500 USD |
| Common | Call Option | Buy Transaction | 4 | 4.0000 USD | American | 2025-Jul-18 | 0.5500 USD |
| Common | Call Option | Buy Transaction | 1 | 4.0000 USD | American | 2025-Oct-17 | 0.7200 USD |
| Common | Call Option | Buy Transaction | 32 | 4.0000 USD | American | 2025-Oct-17 | 0.8000 USD |
| Common | Call Option | Buy Transaction | 15 | 4.0000 USD | American | 2025-Oct-17 | 0.8300 USD |
| Common | Call Option | Buy Transaction | 2 | 4.0000 USD | American | 2025-Oct-17 | 0.8500 USD |
| Common | Call Option | Buy Transaction | 2 | 4.0000 USD | American | 2025-Oct-17 | 0.8700 USD |
| Common | Call Option | Buy Transaction | 1 | 4.0000 USD | American | 2025-Oct-17 | 0.8800 USD |
| Common | Call Option | Buy Transaction | 10 | 3.0000 USD | American | 2025-May-16 | 0.9500 USD |
| Common | Put Option | Buy Transaction | 10 | 5.0000 USD | American | 2025-May-16 | 1.0000 USD |
| Common | Call Option | Buy Transaction | 40 | 3.0000 USD | American | 2025-May-16 | 1.0000 USD |
| Common | Call Option | Buy Transaction | 10 | 3.0000 USD | American | 2025-May-16 | 1.0200 USD |
| Common | Call Option | Buy Transaction | 40 | 3.0000 USD | American | 2025-May-16 | 1.0500 USD |
| Common | Call Option | Buy Transaction | 2 | 3.0000 USD | American | 2025-May-16 | 1.0600 USD |
| Common | Call Option | Buy Transaction | 10 | 3.0000 USD | American | 2025-May-16 | 1.1000 USD |
| Common | Put Option | Buy Transaction | 1 | 5.0000 USD | American | 2025-Jul-18 | 1.1500 USD |
| Common | Call Option | Buy Transaction | 5 | 3.0000 USD | American | 2025-May-16 | 1.1700 USD |
| Common | Put Option | Buy Transaction | 1 | 5.0000 USD | American | 2025-Oct-17 | 1.3600 USD |
| Common | Put Option | Buy Transaction | 1 | 5.0000 USD | American | 2025-Oct-17 | 1.3900 USD |
| Common | Put Option | DVP Transaction | 3 | 3.0000 USD | American | 2025-May-16 | 0.0500 USD |
| Common | Call Option | DVP Transaction | 1 | 5.0000 USD | American | 2025-May-16 | 0.0500 USD |
| Common | Call Option | DVP Transaction | 2 | 8.0000 USD | American | 2025-Oct-17 | 0.1500 USD |
| Common | Call Option | DVP Transaction | 10 | 5.0000 USD | American | 2025-Jul-18 | 0.2000 USD |
| Common | Call Option | DVP Transaction | 1 | 4.0000 USD | American | 2025-May-16 | 0.2000 USD |
| Common | Call Option | DVP Transaction | 1 | 5.0000 USD | American | 2025-Jul-18 | 0.2200 USD |
| Common | Call Option | DVP Transaction | 2 | 5.0000 USD | American | 2025-Jul-18 | 0.2700 USD |
| Common | Call Option | DVP Transaction | 5 | 4.0000 USD | American | 2025-May-16 | 0.3400 USD |
| Common | Call Option | DVP Transaction | 1 | 4.0000 USD | American | 2025-May-16 | 0.3500 USD |
| Common | Call Option | DVP Transaction | 20 | 4.0000 USD | American | 2025-May-16 | 0.3780 USD |
| Common | Call Option | DVP Transaction | 5 | 5.0000 USD | American | 2025-Oct-17 | 0.4000 USD |
| Common | Call Option | DVP Transaction | 1 | 5.0000 USD | American | 2025-Oct-17 | 0.4400 USD |
| Common | Call Option | DVP Transaction | 4 | 4.0000 USD | American | 2025-Oct-17 | 0.8200 USD |
| Common | Call Option | DVP Transaction | 5 | 4.0000 USD | American | 2025-Oct-17 | 0.8400 USD |
| Common | Call Option | DVP Transaction | 8 | 4.0000 USD | American | 2025-Oct-17 | 0.8800 USD |
| Common | Call Option | DVP Transaction | 2 | 4.0000 USD | American | 2025-Oct-17 | 0.9000 USD |
| Common | Call Option | DVP Transaction | 40 | 3.0000 USD | American | 2025-May-16 | 1.0250 USD |
| Common | Call Option | DVP Transaction | 10 | 3.0000 USD | American | 2025-May-16 | 1.0500 USD |
| Common | Put Option | DVP Transaction | 1 | 5.0000 USD | American | 2025-Jul-18 | 1.1500 USD |
| Common | Call Option | DVP Transaction | 5 | 3.0000 USD | American | 2025-May-16 | 1.1700 USD |
| Common | Put Option | DVP Transaction | 1 | 5.0000 USD | American | 2025-Oct-17 | 1.3900 USD |
| Common | Put Option | RVP Transaction | 3 | 3.0000 USD | American | 2025-May-16 | 0.0500 USD |
| Common | Call Option | RVP Transaction | 1 | 5.0000 USD | American | 2025-May-16 | 0.0500 USD |
| Common | Call Option | RVP Transaction | 2 | 8.0000 USD | American | 2025-Oct-17 | 0.1500 USD |
| Common | Call Option | RVP Transaction | 1 | 4.0000 USD | American | 2025-May-16 | 0.2000 USD |
| Common | Call Option | RVP Transaction | 11 | 5.0000 USD | American | 2025-Jul-18 | 0.2018 USD |
| Common | Call Option | RVP Transaction | 2 | 5.0000 USD | American | 2025-Jul-18 | 0.2700 USD |
| Common | Call Option | RVP Transaction | 1 | 4.0000 USD | American | 2025-May-16 | 0.3500 USD |
| Common | Call Option | RVP Transaction | 15 | 4.0000 USD | American | 2025-May-16 | 0.3667 USD |
| Common | Call Option | RVP Transaction | 8 | 4.0000 USD | American | 2025-May-16 | 0.3700 USD |
| Common | Call Option | RVP Transaction | 5 | 5.0000 USD | American | 2025-Oct-17 | 0.4000 USD |
| Common | Call Option | RVP Transaction | 2 | 4.0000 USD | American | 2025-May-16 | 0.4000 USD |
| Common | Call Option | RVP Transaction | 1 | 5.0000 USD | American | 2025-Oct-17 | 0.4400 USD |
| Common | Call Option | RVP Transaction | 1 | 4.0000 USD | American | 2025-Oct-17 | 0.7200 USD |
| Common | Call Option | RVP Transaction | 12 | 4.0000 USD | American | 2025-Oct-17 | 0.8600 USD |
| Common | Call Option | RVP Transaction | 4 | 4.0000 USD | American | 2025-Oct-17 | 0.8700 USD |
| Common | Call Option | RVP Transaction | 2 | 4.0000 USD | American | 2025-Oct-17 | 0.9000 USD |
| Common | Call Option | RVP Transaction | 50 | 3.0000 USD | American | 2025-May-16 | 1.0300 USD |
| Common | Put Option | RVP Transaction | 1 | 5.0000 USD | American | 2025-Jul-18 | 1.1500 USD |
| Common | Call Option | RVP Transaction | 5 | 3.0000 USD | American | 2025-May-16 | 1.1700 USD |
| Common | Put Option | RVP Transaction | 1 | 5.0000 USD | American | 2025-Oct-17 | 1.3900 USD |
| Common | Call Option | Sell Transaction | 1 | 5.0000 USD | American | 2025-May-16 | 0.0500 USD |
| Common | Call Option | Sell Transaction | 18 | 4.0000 USD | American | 2025-May-16 | 0.2500 USD |
| Common | Call Option | Sell Transaction | 7 | 4.0000 USD | American | 2025-May-16 | 0.2800 USD |
| Common | Call Option | Sell Transaction | 5 | 6.0000 USD | American | 2025-Oct-17 | 0.3000 USD |
| Common | Call Option | Sell Transaction | 225 | 4.0000 USD | American | 2025-May-16 | 0.3000 USD |
| Common | Call Option | Sell Transaction | 1 | 5.0000 USD | American | 2025-Oct-17 | 0.4400 USD |
| Common | Call Option | Sell Transaction | 2 | 4.0000 USD | American | 2025-Jun-20 | 0.5000 USD |
| Common | Call Option | Sell Transaction | 5 | 4.0000 USD | American | 2025-Jul-18 | 0.5200 USD |
| Common | Call Option | Sell Transaction | 1 | 4.0000 USD | American | 2025-Oct-17 | 0.7200 USD |
| Common | Call Option | Sell Transaction | 2 | 4.0000 USD | American | 2025-Oct-17 | 0.7300 USD |
| Common | Call Option | Sell Transaction | 3 | 4.0000 USD | American | 2025-Oct-17 | 0.7500 USD |
| Common | Call Option | Sell Transaction | 2 | 4.0000 USD | American | 2025-Oct-17 | 0.8700 USD |
| Common | Put Option | Sell Transaction | 2 | 5.0000 USD | American | 2025-Oct-17 | 1.3100 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: | 6 May 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 | -8,500 | 5.0 USD | American | 16/01/2026 |
| Common | Call Option | Purchased | 900 | 3.0 USD | American | 18/07/2025 |
| Common | Put Option | Purchased | -300 | 5.0 USD | American | 17/10/2025 |
| Common | Put Option | Purchased | -13,000 | 3.0 USD | American | 16/01/2026 |
| Common | Call Option | Purchased | 12,300 | 3.0 USD | American | 16/05/2025 |
| Common | Call Option | Purchased | 700 | 6.0 USD | American | 17/10/2025 |
| Common | Put Option | Purchased | -1,400 | 4.0 USD | American | 16/01/2026 |
| Common | Put Option | Purchased | -2,300 | 5.0 USD | American | 16/05/2025 |
| Common | Call Option | Purchased | 700 | 10.0 USD | American | 18/07/2025 |
| Common | Call Option | Purchased | 150,000 | 4.0 USD | American | 20/06/2025 |
| Common | Call Option | Purchased | 600,000 | 6.0 USD | American | 18/07/2025 |
| Common | Put Option | Purchased | -700 | 7.0 USD | American | 18/07/2025 |
| Common | Call Option | Purchased | 1,000,000 | 5.0 USD | American | 20/06/2025 |
| Common | Put Option | Purchased | -5,800 | 4.0 USD | American | 18/07/2025 |
| Common | Put Option | Purchased | -9,300 | 4.0 USD | American | 20/06/2025 |
| Common | Put Option | Purchased | -1,400 | 5.0 USD | American | 20/06/2025 |
| Common | Put Option | Purchased | -600 | 4.0 USD | American | 16/05/2025 |
| Common | Call Option | Purchased | 2,600 | 10.0 USD | American | 16/01/2026 |
| Common | Call Option | Purchased | 245,600 | 6.0 USD | American | 18/07/2025 |
| Common | Call Option | Purchased | 300 | 8.0 USD | American | 20/06/2025 |
| Common | Call Option | Purchased | 2,300 | 7.0 USD | American | 20/06/2025 |
| Common | Call Option | Purchased | 500 | 5.0 USD | American | 20/06/2025 |
| Common | Call Option | Purchased | 9,100 | 5.0 USD | American | 16/01/2026 |
| Common | Put Option | Purchased | -500 | 3.0 USD | American | 16/05/2025 |
| Common | Put Option | Purchased | -900 | 5.0 USD | American | 17/07/2026 |
| Common | Call Option | Sold | -5,600 | 4.0 USD | American | 16/05/2025 |
| Common | Call Option | Sold | -118,400 | 7.0 USD | American | 16/01/2026 |
| Common | Call Option | Sold | -200 | 7.0 USD | American | 18/07/2025 |
| Common | Call Option | Sold | -100 | 2.0 USD | American | 17/07/2026 |
| Common | Put Option | Sold | 100 | 5.0 USD | American | 18/07/2025 |
| Common | Call Option | Sold | -92,800 | 5.0 USD | American | 17/10/2025 |
| Common | Call Option | Sold | -1,900 | 4.0 USD | American | 17/10/2025 |
| Common | Call Option | Sold | -500 | 4.0 USD | American | 16/01/2026 |
| Common | Call Option | Sold | -2,500 | 4.0 USD | American | 17/07/2026 |
| Common | Put Option | Sold | 100 | 3.0 USD | American | 20/06/2025 |
| Common | Put Option | Sold | 99,900 | 8.0 USD | American | 20/06/2025 |
| Common | Call Option | Sold | -36,100 | 5.0 USD | American | 17/07/2026 |
| Common | Call Option | Sold | -3,400 | 10.0 USD | American | 17/07/2026 |
| Common | Call Option | Sold | -3,700 | 4.0 USD | American | 20/06/2025 |
| Common | Call Option | Sold | -100 | 7.0 USD | American | 17/10/2025 |
| Common | Call Option | Sold | -1,000 | 5.0 USD | American | 16/05/2025 |
| Common | Call Option | Sold | -9,600 | 4.0 USD | American | 18/07/2025 |
| Common | Call Option | Sold | -900 | 6.0 USD | American | 20/06/2025 |
| Common | Call Option | Sold | -1,400 | 3.0 USD | American | 16/01/2026 |
| Common | Call Option | Sold | -29,400 | 8.0 USD | American | 18/07/2025 |
| Common | Call Option | Sold | -125,200 | 5.0 USD | American | 18/07/2025 |
| Common | Call Option | Sold | -100 | 3.0 USD | American | 17/10/2025 |
| Common | Call Option | Sold | -400 | 3.0 USD | American | 17/07/2026 |
| Common | Call Option | Sold | -200 | 15.0 USD | American | 16/01/2026 |
| Common | Call Option | Sold | -800 | 12.0 USD | American | 16/01/2026 |
| Common | Call Option | Sold | -200 | 3.0 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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