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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 : 7788K
Citadel Group
30 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 |
29 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: | 1,420,746 | 1.19 | 0 | 0.00 |
| (2) Cash-settled derivatives: | 822,878 | 0.69 | 0 | 0.00 |
| (3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 989,300 | 0.83 | 996,600 | 0.83 |
| TOTAL: | 3,232,924 | 2.72 | 996,600 | 0.83 |
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 | 301 | 4.3700 USD |
| Common | Buy Transaction | 800 | 4.3712 USD |
| Common | Buy Transaction | 700 | 4.3736 USD |
| Common | Buy Transaction | 200 | 4.3750 USD |
| Common | Buy Transaction | 528 | 4.3808 USD |
| Common | Buy Transaction | 289 | 4.3812 USD |
| Common | Buy Transaction | 355 | 4.3846 USD |
| Common | Buy Transaction | 966 | 4.3864 USD |
| Common | Buy Transaction | 817 | 4.3896 USD |
| Common | Buy Transaction | 2,353 | 4.3900 USD |
| Common | Buy Transaction | 1,200 | 4.3950 USD |
| Common | Buy Transaction | 300 | 4.3967 USD |
| Common | Buy Transaction | 144 | 4.3977 USD |
| Common | Buy Transaction | 494 | 4.3995 USD |
| Common | Buy Transaction | 9,200 | 4.3999 USD |
| Common | Buy Transaction | 30 | 4.4000 USD |
| Common | Buy Transaction | 262 | 4.4000 USD |
| Common | Buy Transaction | 47,843 | 4.4018 USD |
| Common | Buy Transaction | 975 | 4.4031 USD |
| Common | Buy Transaction | 3,896 | 4.4038 USD |
| Common | Buy Transaction | 1,268 | 4.4039 USD |
| Common | Buy Transaction | 19 | 4.4039 USD |
| Common | Buy Transaction | 250 | 4.4047 USD |
| Common | Buy Transaction | 142 | 4.4049 USD |
| Common | Buy Transaction | 340 | 4.4065 USD |
| Common | Buy Transaction | 600 | 4.4067 USD |
| Common | Buy Transaction | 2,800 | 4.4079 USD |
| Common | Buy Transaction | 3,406 | 4.4097 USD |
| Common | Buy Transaction | 202 | 4.4100 USD |
| Common | Buy Transaction | 2,327 | 4.4101 USD |
| Common | Buy Transaction | 478 | 4.4112 USD |
| Common | Buy Transaction | 401 | 4.4116 USD |
| Common | Buy Transaction | 35 | 4.4117 USD |
| Common | Buy Transaction | 125 | 4.4120 USD |
| Common | Buy Transaction | 1,995 | 4.4130 USD |
| Common | Buy Transaction | 2,288 | 4.4139 USD |
| Common | Buy Transaction | 20 | 4.4140 USD |
| Common | Buy Transaction | 782 | 4.4144 USD |
| Common | Buy Transaction | 900 | 4.4144 USD |
| Common | Buy Transaction | 262 | 4.4150 USD |
| Common | Buy Transaction | 900 | 4.4156 USD |
| Common | Buy Transaction | 3 | 4.4167 USD |
| Common | Buy Transaction | 2,404 | 4.4170 USD |
| Common | Buy Transaction | 116 | 4.4195 USD |
| Common | Buy Transaction | 50 | 4.4200 USD |
| Common | Buy Transaction | 511 | 4.4202 USD |
| Common | Buy Transaction | 168 | 4.4205 USD |
| Common | Buy Transaction | 1,700 | 4.4206 USD |
| Common | Buy Transaction | 1,153 | 4.4206 USD |
| Common | Buy Transaction | 18,386 | 4.4209 USD |
| Common | Buy Transaction | 1,200 | 4.4212 USD |
| Common | Buy Transaction | 500 | 4.4220 USD |
| Common | Buy Transaction | 900 | 4.4222 USD |
| Common | Buy Transaction | 1,700 | 4.4224 USD |
| Common | Buy Transaction | 1,053 | 4.4224 USD |
| Common | Buy Transaction | 23,293 | 4.4228 USD |
| Common | Buy Transaction | 1,149 | 4.4235 USD |
| Common | Buy Transaction | 781 | 4.4248 USD |
| Common | Buy Transaction | 10 | 4.4250 USD |
| Common | Buy Transaction | 1,598 | 4.4251 USD |
| Common | Buy Transaction | 426 | 4.4253 USD |
| Common | Buy Transaction | 700 | 4.4271 USD |
| Common | Buy Transaction | 716 | 4.4272 USD |
| Common | Buy Transaction | 2,409 | 4.4278 USD |
| Common | Buy Transaction | 972 | 4.4300 USD |
| Common | Buy Transaction | 1,221 | 4.4308 USD |
| Common | Buy Transaction | 800 | 4.4313 USD |
| Common | Buy Transaction | 1,462 | 4.4317 USD |
| Common | Buy Transaction | 700 | 4.4329 USD |
| Common | Buy Transaction | 1,918 | 4.4330 USD |
| Common | Buy Transaction | 1,500 | 4.4340 USD |
| Common | Buy Transaction | 6,589 | 4.4342 USD |
| Common | Buy Transaction | 1,540 | 4.4342 USD |
| Common | Buy Transaction | 1,611 | 4.4345 USD |
| Common | Buy Transaction | 2,443 | 4.4354 USD |
| Common | Buy Transaction | 704 | 4.4355 USD |
| Common | Buy Transaction | 800 | 4.4363 USD |
| Common | Buy Transaction | 5,494 | 4.4365 USD |
| Common | Buy Transaction | 300 | 4.4367 USD |
| Common | Buy Transaction | 800 | 4.4375 USD |
| Common | Buy Transaction | 198 | 4.4399 USD |
| Common | Buy Transaction | 2,030 | 4.4400 USD |
| Common | Buy Transaction | 2,000 | 4.4405 USD |
| Common | Buy Transaction | 1,026 | 4.4434 USD |
| Common | Buy Transaction | 7,161 | 4.4436 USD |
| Common | Buy Transaction | 375 | 4.4440 USD |
| Common | Buy Transaction | 2,000 | 4.4445 USD |
| Common | Buy Transaction | 110 | 4.4450 USD |
| Common | Buy Transaction | 400 | 4.4475 USD |
| Common | Buy Transaction | 1,200 | 4.4483 USD |
| Common | Buy Transaction | 100 | 4.4490 USD |
| Common | Buy Transaction | 1,024 | 4.4495 USD |
| Common | Buy Transaction | 886 | 4.4500 USD |
| Common | Buy Transaction | 112 | 4.4502 USD |
| Common | Buy Transaction | 1,697 | 4.4519 USD |
| Common | Buy Transaction | 5,576 | 4.4524 USD |
| Common | Buy Transaction | 80 | 4.4525 USD |
| Common | Buy Transaction | 289 | 4.4554 USD |
| Common | Buy Transaction | 1,500 | 4.4557 USD |
| Common | Buy Transaction | 3,692 | 4.4562 USD |
| Common | Buy Transaction | 185 | 4.4565 USD |
| Common | Buy Transaction | 2,946 | 4.4572 USD |
| Common | Buy Transaction | 42,564 | 4.4600 USD |
| Common | Buy Transaction | 520 | 4.4631 USD |
| Common | Buy Transaction | 220 | 4.4632 USD |
| Common | Buy Transaction | 1,682 | 4.4659 USD |
| Common | Buy Transaction | 25,824 | 4.4663 USD |
| Common | Buy Transaction | 2,791 | 4.4700 USD |
| Common | Buy Transaction | 1 | 4.4707 USD |
| Common | Buy Transaction | 30 | 4.4717 USD |
| Common | Buy Transaction | 26 | 4.4900 USD |
| Common | Buy Transaction | 1 | 4.4917 USD |
| Common | Buy Transaction | 1 | 4.5000 USD |
| Common | DVP Transaction | 1,456 | 4.4188 USD |
| Common | DVP Transaction | 42 | 4.4450 USD |
| Common | DVP Transaction | 3,040 | 4.4509 USD |
| Common | DVP Transaction | 48 | 4.4538 USD |
| Common | DVP Transaction | 33,969 | 4.4600 USD |
| Common | DVP Transaction | 30 | 4.4607 USD |
| Common | DVP Transaction | 41 | 4.4700 USD |
| Common | DVP Transaction | 360 | 4.5200 USD |
| Common | RVP Transaction | 72 | 4.3750 USD |
| Common | RVP Transaction | 52 | 4.3800 USD |
| Common | RVP Transaction | 48 | 4.3900 USD |
| Common | RVP Transaction | 136 | 4.3941 USD |
| Common | RVP Transaction | 144 | 4.4150 USD |
| Common | RVP Transaction | 162 | 4.4161 USD |
| Common | RVP Transaction | 40 | 4.4200 USD |
| Common | RVP Transaction | 303 | 4.4254 USD |
| Common | RVP Transaction | 127 | 4.4335 USD |
| Common | RVP Transaction | 46 | 4.4346 USD |
| Common | RVP Transaction | 72 | 4.4350 USD |
| Common | RVP Transaction | 235 | 4.4374 USD |
| Common | RVP Transaction | 9 | 4.4456 USD |
| Common | RVP Transaction | 3,000 | 4.4500 USD |
| Common | RVP Transaction | 163 | 4.4569 USD |
| Common | RVP Transaction | 33,967 | 4.4600 USD |
| Common | RVP Transaction | 10 | 4.4700 USD |
| Common | RVP Transaction | 400 | 4.5200 USD |
| Common | Sell Transaction | 5 | 4.3700 USD |
| Common | Sell Transaction | 101 | 4.3800 USD |
| Common | Sell Transaction | 8,935 | 4.3896 USD |
| Common | Sell Transaction | 200 | 4.3900 USD |
| Common | Sell Transaction | 23,988 | 4.3994 USD |
| Common | Sell Transaction | 298 | 4.3999 USD |
| Common | Sell Transaction | 1,754 | 4.3999 USD |
| Common | Sell Transaction | 1,000 | 4.4000 USD |
| Common | Sell Transaction | 600 | 4.4033 USD |
| Common | Sell Transaction | 17 | 4.4035 USD |
| Common | Sell Transaction | 2,216 | 4.4054 USD |
| Common | Sell Transaction | 2,177 | 4.4068 USD |
| Common | Sell Transaction | 364 | 4.4092 USD |
| Common | Sell Transaction | 2,000 | 4.4094 USD |
| Common | Sell Transaction | 3,034 | 4.4099 USD |
| Common | Sell Transaction | 277 | 4.4100 USD |
| Common | Sell Transaction | 4,392 | 4.4109 USD |
| Common | Sell Transaction | 354 | 4.4116 USD |
| Common | Sell Transaction | 2,335 | 4.4132 USD |
| Common | Sell Transaction | 600 | 4.4133 USD |
| Common | Sell Transaction | 2,264 | 4.4135 USD |
| Common | Sell Transaction | 2,935 | 4.4140 USD |
| Common | Sell Transaction | 400 | 4.4150 USD |
| Common | Sell Transaction | 900 | 4.4156 USD |
| Common | Sell Transaction | 347 | 4.4163 USD |
| Common | Sell Transaction | 700 | 4.4171 USD |
| Common | Sell Transaction | 514 | 4.4178 USD |
| Common | Sell Transaction | 405 | 4.4195 USD |
| Common | Sell Transaction | 1,345 | 4.4199 USD |
| Common | Sell Transaction | 4,825 | 4.4200 USD |
| Common | Sell Transaction | 1,241 | 4.4201 USD |
| Common | Sell Transaction | 296 | 4.4201 USD |
| Common | Sell Transaction | 359 | 4.4204 USD |
| Common | Sell Transaction | 161 | 4.4205 USD |
| Common | Sell Transaction | 1,794 | 4.4219 USD |
| Common | Sell Transaction | 879 | 4.4225 USD |
| Common | Sell Transaction | 400 | 4.4238 USD |
| Common | Sell Transaction | 1,172 | 4.4240 USD |
| Common | Sell Transaction | 1,203 | 4.4246 USD |
| Common | Sell Transaction | 1,214 | 4.4246 USD |
| Common | Sell Transaction | 2,144 | 4.4248 USD |
| Common | Sell Transaction | 1,870 | 4.4250 USD |
| Common | Sell Transaction | 437 | 4.4250 USD |
| Common | Sell Transaction | 113 | 4.4250 USD |
| Common | Sell Transaction | 1,052 | 4.4255 USD |
| Common | Sell Transaction | 942 | 4.4274 USD |
| Common | Sell Transaction | 1,020 | 4.4277 USD |
| Common | Sell Transaction | 112 | 4.4279 USD |
| Common | Sell Transaction | 194 | 4.4284 USD |
| Common | Sell Transaction | 80 | 4.4285 USD |
| Common | Sell Transaction | 1,125 | 4.4285 USD |
| Common | Sell Transaction | 2,615 | 4.4285 USD |
| Common | Sell Transaction | 880 | 4.4296 USD |
| Common | Sell Transaction | 1,684 | 4.4300 USD |
| Common | Sell Transaction | 500 | 4.4309 USD |
| Common | Sell Transaction | 6 | 4.4350 USD |
| Common | Sell Transaction | 1,011 | 4.4351 USD |
| Common | Sell Transaction | 711 | 4.4359 USD |
| Common | Sell Transaction | 684 | 4.4363 USD |
| Common | Sell Transaction | 600 | 4.4367 USD |
| Common | Sell Transaction | 1,119 | 4.4371 USD |
| Common | Sell Transaction | 4 | 4.4375 USD |
| Common | Sell Transaction | 918 | 4.4378 USD |
| Common | Sell Transaction | 401 | 4.4378 USD |
| Common | Sell Transaction | 528 | 4.4400 USD |
| Common | Sell Transaction | 404 | 4.4400 USD |
| Common | Sell Transaction | 15 | 4.4420 USD |
| Common | Sell Transaction | 534 | 4.4444 USD |
| Common | Sell Transaction | 2,391 | 4.4463 USD |
| Common | Sell Transaction | 2,058 | 4.4476 USD |
| Common | Sell Transaction | 3,689 | 4.4500 USD |
| Common | Sell Transaction | 1,000 | 4.4540 USD |
| Common | Sell Transaction | 500 | 4.4545 USD |
| Common | Sell Transaction | 20 | 4.4550 USD |
| Common | Sell Transaction | 1 | 4.4560 USD |
| Common | Sell Transaction | 1,700 | 4.4565 USD |
| Common | Sell Transaction | 42,371 | 4.4600 USD |
| Common | Sell Transaction | 2,701 | 4.4653 USD |
| Common | Sell Transaction | 1,171 | 4.4694 USD |
| Common | Sell Transaction | 1,200 | 4.4700 USD |
| Common | Sell Transaction | 26 | 4.4900 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 | Reducing long position | 300 | 4.4117 USD |
| Common | CFD | Reducing long position | 2,100 | 4.4469 USD |
| Common | CFD | Reducing long position | 2,283 | 4.4650 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 | 1 | 8.0000 USD | American | 2025-Oct-17 | 0.1000 USD |
| Common | Call Option | Buy Transaction | 1 | 5.0000 USD | American | 2025-Jun-20 | 0.1100 USD |
| Common | Call Option | DVP Transaction | 1 | 6.0000 USD | American | 2025-Jul-18 | 0.1000 USD |
| Common | Call Option | DVP Transaction | 1 | 8.0000 USD | American | 2025-Oct-17 | 0.1000 USD |
| Common | Call Option | DVP Transaction | 1 | 5.0000 USD | American | 2025-Jun-20 | 0.1100 USD |
| Common | Call Option | DVP Transaction | 1 | 8.0000 USD | American | 2025-Oct-17 | 0.1100 USD |
| Common | Call Option | RVP Transaction | 1 | 6.0000 USD | American | 2025-Jul-18 | 0.1000 USD |
| Common | Call Option | RVP Transaction | 1 | 8.0000 USD | American | 2025-Oct-17 | 0.1000 USD |
| Common | Call Option | RVP Transaction | 1 | 5.0000 USD | American | 2025-Jun-20 | 0.1100 USD |
| Common | Call Option | RVP Transaction | 1 | 8.0000 USD | American | 2025-Oct-17 | 0.1100 USD |
| Common | Call Option | Sell Transaction | 1 | 6.0000 USD | American | 2025-Jul-18 | 0.1000 USD |
| Common | Call Option | Sell Transaction | 1 | 8.0000 USD | American | 2025-Oct-17 | 0.1100 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: | 30 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 | -700 | 7.0 USD | American | 18/07/2025 |
| Common | Put Option | Purchased | -1,300 | 5.0 USD | American | 20/06/2025 |
| Common | Put Option | Purchased | -900 | 5.0 USD | American | 17/07/2026 |
| Common | Call Option | Purchased | 700 | 10.0 USD | American | 18/07/2025 |
| Common | Put Option | Purchased | -8,000 | 4.0 USD | American | 20/06/2025 |
| Common | Call Option | Purchased | 300 | 2.0 USD | American | 17/10/2025 |
| Common | Put Option | Purchased | -13,000 | 3.0 USD | American | 16/01/2026 |
| Common | Call Option | Purchased | 2,600 | 10.0 USD | American | 16/01/2026 |
| Common | Put Option | Purchased | -300 | 5.0 USD | American | 17/10/2025 |
| Common | Put Option | Purchased | -7,200 | 3.0 USD | American | 18/07/2025 |
| Common | Call Option | Purchased | 300 | 15.0 USD | American | 16/01/2026 |
| Common | Call Option | Purchased | 1,000 | 6.0 USD | American | 20/06/2025 |
| Common | Call Option | Purchased | 700 | 6.0 USD | American | 17/10/2025 |
| Common | Call Option | Purchased | 9,200 | 5.0 USD | American | 16/01/2026 |
| Common | Put Option | Purchased | -1,400 | 4.0 USD | American | 16/01/2026 |
| Common | Call Option | Purchased | 300 | 8.0 USD | American | 20/06/2025 |
| Common | Put Option | Purchased | -6,000 | 4.0 USD | American | 18/07/2025 |
| Common | Call Option | Purchased | 1,000 | 3.0 USD | American | 18/07/2025 |
| Common | Call Option | Purchased | 256,200 | 6.0 USD | American | 18/07/2025 |
| Common | Call Option | Purchased | 600,000 | 6.0 USD | American | 18/07/2025 |
| Common | Put Option | Purchased | -8,500 | 5.0 USD | American | 16/01/2026 |
| Common | Call Option | Purchased | 12,900 | 4.0 USD | American | 17/10/2025 |
| Common | Call Option | Purchased | 2,000 | 7.0 USD | American | 20/06/2025 |
| Common | Call Option | Sold | -2,500 | 4.0 USD | American | 17/07/2026 |
| Common | Call Option | Sold | -100 | 2.0 USD | American | 17/07/2026 |
| Common | Call Option | Sold | -1,400 | 3.0 USD | American | 16/01/2026 |
| Common | Put Option | Sold | 3,000 | 3.0 USD | American | 17/10/2025 |
| Common | Call Option | Sold | -117,900 | 7.0 USD | American | 16/01/2026 |
| Common | Call Option | Sold | -3,400 | 10.0 USD | American | 17/07/2026 |
| Common | Call Option | Sold | -8,200 | 4.0 USD | American | 18/07/2025 |
| Common | Call Option | Sold | -2,000 | 5.0 USD | American | 20/06/2025 |
| Common | Call Option | Sold | -29,400 | 8.0 USD | American | 18/07/2025 |
| Common | Put Option | Sold | 100 | 5.0 USD | American | 18/07/2025 |
| Common | Call Option | Sold | -36,000 | 5.0 USD | American | 17/07/2026 |
| Common | Call Option | Sold | -400 | 3.0 USD | American | 17/07/2026 |
| Common | Call Option | Sold | -1,100 | 7.0 USD | American | 17/07/2026 |
| Common | Call Option | Sold | -800 | 12.0 USD | American | 16/01/2026 |
| Common | Call Option | Sold | -200 | 3.0 USD | American | 20/06/2025 |
| Common | Call Option | Sold | -95,400 | 5.0 USD | American | 17/10/2025 |
| Common | Call Option | Sold | -500 | 4.0 USD | American | 16/01/2026 |
| Common | Call Option | Sold | -200 | 7.0 USD | American | 18/07/2025 |
| Common | Call Option | Sold | -1,800 | 4.0 USD | American | 20/06/2025 |
| Common | Put Option | Sold | 98,900 | 8.0 USD | American | 20/06/2025 |
| Common | Call Option | Sold | -645,200 | 5.0 USD | American | 18/07/2025 |
| Common | Put Option | Sold | 100 | 3.0 USD | American | 20/06/2025 |
| Common | Call Option | Sold | -2,000 | 3.0 USD | American | 17/10/2025 |
| Common | Call Option | Sold | -800 | 6.0 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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