Citadel Group — Major Shareholding Notification 2025

May 8, 2025

National Storage Mechanism | Additional information

RNS Number : 9400H

Citadel Group

08 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	DOWLAIS GROUP PLC
(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	7 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 AMERICAN AXLE  MANUFACTURING HOLDINGS INC

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 GB00BMWRZ071 1p ordinary
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	211,111	0.01	306,018	0.02
(2) Cash-settled derivatives:	519,794	0.03	1,008,945	0.07
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0.00	0	0.00
TOTAL:	730,905	0.05	1,314,963	0.09

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	10,046	0.6175 GBP
Common	Buy Transaction	137	0.6180 GBP
Common	Buy Transaction	46,077	0.6185 GBP
Common	Buy Transaction	6,694	0.6188 GBP
Common	Buy Transaction	14,122	0.6190 GBP
Common	Buy Transaction	11,238	0.6195 GBP
Common	Buy Transaction	62,619	0.6200 GBP
Common	Buy Transaction	3,347	0.6205 GBP
Common	Buy Transaction	30,492	0.6208 GBP
Common	Buy Transaction	1,153	0.6210 GBP
Common	Buy Transaction	7,007	0.6212 GBP
Common	Buy Transaction	19,080	0.6215 GBP
Common	Buy Transaction	6,620	0.6220 GBP
Common	Buy Transaction	10,315	0.6225 GBP
Common	Buy Transaction	8,366	0.6230 GBP
Common	Buy Transaction	159	0.6235 GBP
Common	Buy Transaction	2,852	0.6240 GBP
Common	Buy Transaction	18,846	0.6245 GBP
Common	Buy Transaction	97,855	0.6250 GBP
Common	Buy Transaction	1,203	0.6255 GBP
Common	Buy Transaction	16,335	0.6260 GBP
Common	Buy Transaction	10,000	0.6265 GBP
Common	Buy Transaction	321	0.6275 GBP
Common	Buy Transaction	9,023	0.6280 GBP
Common	Buy Transaction	10,091	0.6290 GBP
Common	Sell Transaction	2	0.6170 GBP
Common	Sell Transaction	11,145	0.6175 GBP
Common	Sell Transaction	22,831	0.6180 GBP
Common	Sell Transaction	38,138	0.6185 GBP
Common	Sell Transaction	1,953	0.6188 GBP
Common	Sell Transaction	28,435	0.6190 GBP
Common	Sell Transaction	29,025	0.6195 GBP
Common	Sell Transaction	331,767	0.6200 GBP
Common	Sell Transaction	14,682	0.6230 GBP
Common	Sell Transaction	5,163	0.6235 GBP
Common	Sell Transaction	4,320	0.6238 GBP
Common	Sell Transaction	12,796	0.6240 GBP
Common	Sell Transaction	16,023	0.6250 GBP
Common	Sell Transaction	39	0.6255 GBP
Common	Sell Transaction	1,793	0.6265 GBP
Common	Sell Transaction	20,377	0.6275 GBP
Common	Sell Transaction	870	0.6280 GBP
Common	Sell Transaction	75	0.6285 GBP
Common	Sell Transaction	1,176	0.6290 GBP
Common	Sell Transaction	94	0.6295 GBP
Common	Sell Transaction	232	0.6305 GBP

(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	Reducing short position	24,215	0.6224 GBP
Common	CFD	Reducing short position	52,732	0.6247 GBP
Common	CFD	Reducing short position	192,894	0.6250 GBP
Common	CFD	Reducing short position	5,831	0.6254 GBP
Common	CFD	Reducing short position	292,425	0.6295 GBP

(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

(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?	NO

Date of disclosure:	8 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 .

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