Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Citadel Group Major Shareholding Notification 2025

Jun 5, 2025

10454_mrq_2025-06-05_c986c00f-7233-4a69-821b-86d1e5f61c79.html

Major Shareholding Notification

Open in viewer

Opens in your device viewer

National Storage Mechanism | Additional information

RNS Number : 6008L

Citadel Group

05 June 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
4 June 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: 1,580,891 1.33 3,833 0.00
(2) Cash-settled derivatives: 720,222 0.60 0 0.00
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: 989,800 0.83 996,600 0.83
TOTAL: 3,290,913 2.77 1,000,433 0.84

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 31,888 4.2900 USD
Common Buy Transaction 525 4.2909 USD
Common Buy Transaction 1,300 4.2950 USD
Common Buy Transaction 1,754 4.3000 USD
Common Buy Transaction 444 4.3001 USD
Common Buy Transaction 6,778 4.3012 USD
Common Buy Transaction 1,057 4.3030 USD
Common Buy Transaction 1,876 4.3034 USD
Common Buy Transaction 388 4.3050 USD
Common Buy Transaction 130 4.3054 USD
Common Buy Transaction 38 4.3068 USD
Common Buy Transaction 1,200 4.3075 USD
Common Buy Transaction 23 4.3078 USD
Common Buy Transaction 70 4.3079 USD
Common Buy Transaction 22 4.3086 USD
Common Buy Transaction 399 4.3088 USD
Common Buy Transaction 6,820 4.3100 USD
Common Buy Transaction 725 4.3109 USD
Common Buy Transaction 971 4.3110 USD
Common Buy Transaction 3,483 4.3117 USD
Common Buy Transaction 101 4.3120 USD
Common Buy Transaction 615 4.3121 USD
Common Buy Transaction 800 4.3125 USD
Common Buy Transaction 903 4.3132 USD
Common Buy Transaction 756 4.3137 USD
Common Buy Transaction 200 4.3150 USD
Common Buy Transaction 2,411 4.3166 USD
Common Buy Transaction 3 4.3167 USD
Common Buy Transaction 572 4.3176 USD
Common Buy Transaction 1,176 4.3200 USD
Common Buy Transaction 1 4.3200 USD
Common Buy Transaction 361 4.3202 USD
Common Buy Transaction 627 4.3208 USD
Common Buy Transaction 197 4.3216 USD
Common Buy Transaction 1,191 4.3225 USD
Common Buy Transaction 2,600 4.3238 USD
Common Buy Transaction 800 4.3250 USD
Common Buy Transaction 434 4.3257 USD
Common Buy Transaction 5,210 4.3280 USD
Common Buy Transaction 1,066 4.3300 USD
Common Buy Transaction 1,100 4.3309 USD
Common Buy Transaction 979 4.3312 USD
Common Buy Transaction 1,500 4.3313 USD
Common Buy Transaction 400 4.3325 USD
Common Buy Transaction 3,683 4.3328 USD
Common Buy Transaction 1,000 4.3330 USD
Common Buy Transaction 1,400 4.3386 USD
Common Buy Transaction 2 4.3387 USD
Common Buy Transaction 630 4.3400 USD
Common Buy Transaction 35,051 4.3412 USD
Common Buy Transaction 564 4.3426 USD
Common Buy Transaction 6,692 4.3438 USD
Common Buy Transaction 1,000 4.3440 USD
Common Buy Transaction 328 4.3440 USD
Common Buy Transaction 604 4.3449 USD
Common Buy Transaction 8,122 4.3500 USD
Common Buy Transaction 1,710 4.3500 USD
Common Buy Transaction 400 4.3525 USD
Common Buy Transaction 446 4.3528 USD
Common Buy Transaction 600 4.3533 USD
Common Buy Transaction 18,175 4.3538 USD
Common Buy Transaction 265 4.3545 USD
Common Buy Transaction 600 4.3550 USD
Common Buy Transaction 515 4.3566 USD
Common Buy Transaction 600 4.3567 USD
Common Buy Transaction 1,600 4.3600 USD
Common Buy Transaction 300 4.3633 USD
Common Buy Transaction 800 4.3650 USD
Common Buy Transaction 600 4.3667 USD
Common Buy Transaction 500 4.3680 USD
Common Buy Transaction 617 4.3700 USD
Common Buy Transaction 328 4.3722 USD
Common Buy Transaction 300 4.3733 USD
Common Buy Transaction 406 4.3806 USD
Common Buy Transaction 203 4.3900 USD
Common Buy Transaction 790 4.3950 USD
Common Buy Transaction 232 4.4000 USD
Common Buy Transaction 700 4.4186 USD
Common DVP Transaction 4 4.2800 USD
Common DVP Transaction 27,906 4.2900 USD
Common DVP Transaction 370 4.3000 USD
Common DVP Transaction 3,700 4.3030 USD
Common DVP Transaction 3,300 4.3050 USD
Common DVP Transaction 2,200 4.3050 USD
Common DVP Transaction 100 4.3100 USD
Common DVP Transaction 1,462 4.3221 USD
Common DVP Transaction 495 4.4000 USD
Common DVP Transaction 198 4.4200 USD
Common RVP Transaction 4 4.2800 USD
Common RVP Transaction 27,906 4.2900 USD
Common RVP Transaction 8 4.2950 USD
Common RVP Transaction 1,923 4.3000 USD
Common RVP Transaction 136 4.3035 USD
Common RVP Transaction 4,400 4.3050 USD
Common RVP Transaction 1,491 4.3050 USD
Common RVP Transaction 935 4.3050 USD
Common RVP Transaction 865 4.3050 USD
Common RVP Transaction 148 4.3100 USD
Common RVP Transaction 180 4.3147 USD
Common RVP Transaction 44 4.3150 USD
Common RVP Transaction 110 4.3215 USD
Common RVP Transaction 404 4.3221 USD
Common RVP Transaction 224 4.3239 USD
Common RVP Transaction 84 4.3348 USD
Common RVP Transaction 44 4.3350 USD
Common RVP Transaction 92 4.3450 USD
Common RVP Transaction 44 4.3650 USD
Common RVP Transaction 495 4.4000 USD
Common RVP Transaction 198 4.4200 USD
Common Sell Transaction 4 4.2800 USD
Common Sell Transaction 300 4.2867 USD
Common Sell Transaction 32,302 4.2900 USD
Common Sell Transaction 442 4.3000 USD
Common Sell Transaction 3,712 4.3003 USD
Common Sell Transaction 4,091 4.3041 USD
Common Sell Transaction 104 4.3050 USD
Common Sell Transaction 800 4.3063 USD
Common Sell Transaction 9,272 4.3085 USD
Common Sell Transaction 1,200 4.3087 USD
Common Sell Transaction 10 4.3090 USD
Common Sell Transaction 6,980 4.3100 USD
Common Sell Transaction 3,461 4.3101 USD
Common Sell Transaction 3,845 4.3103 USD
Common Sell Transaction 1,637 4.3112 USD
Common Sell Transaction 3 4.3115 USD
Common Sell Transaction 1,147 4.3126 USD
Common Sell Transaction 216 4.3135 USD
Common Sell Transaction 4,386 4.3141 USD
Common Sell Transaction 940 4.3150 USD
Common Sell Transaction 161 4.3150 USD
Common Sell Transaction 226 4.3159 USD
Common Sell Transaction 148 4.3162 USD
Common Sell Transaction 1,387 4.3173 USD
Common Sell Transaction 830 4.3173 USD
Common Sell Transaction 400 4.3175 USD
Common Sell Transaction 74 4.3176 USD
Common Sell Transaction 876 4.3180 USD
Common Sell Transaction 578 4.3189 USD
Common Sell Transaction 1,159 4.3190 USD
Common Sell Transaction 9,926 4.3190 USD
Common Sell Transaction 32 4.3191 USD
Common Sell Transaction 379 4.3200 USD
Common Sell Transaction 571 4.3220 USD
Common Sell Transaction 1,813 4.3223 USD
Common Sell Transaction 2,661 4.3228 USD
Common Sell Transaction 113 4.3241 USD
Common Sell Transaction 446 4.3250 USD
Common Sell Transaction 200 4.3250 USD
Common Sell Transaction 106 4.3268 USD
Common Sell Transaction 481 4.3274 USD
Common Sell Transaction 2,336 4.3279 USD
Common Sell Transaction 204 4.3300 USD
Common Sell Transaction 38,499 4.3303 USD
Common Sell Transaction 300 4.3308 USD
Common Sell Transaction 276 4.3309 USD
Common Sell Transaction 140 4.3330 USD
Common Sell Transaction 250 4.3361 USD
Common Sell Transaction 20 4.3370 USD
Common Sell Transaction 4,266 4.3388 USD
Common Sell Transaction 15 4.3393 USD
Common Sell Transaction 16,199 4.3400 USD
Common Sell Transaction 824 4.3418 USD
Common Sell Transaction 16 4.3431 USD
Common Sell Transaction 200 4.3450 USD
Common Sell Transaction 507 4.3500 USD
Common Sell Transaction 2,542 4.3518 USD
Common Sell Transaction 2,323 4.3526 USD
Common Sell Transaction 601 4.3583 USD
Common Sell Transaction 200 4.3700 USD
Common Sell Transaction 2,000 4.3742 USD
Common Sell Transaction 211 4.3800 USD
Common Sell Transaction 706 4.3900 USD
Common Sell Transaction 5 4.3920 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 927 4.2850 USD
Common CFD Reducing long position 1,737 4.3046 USD
Common CFD Reducing long position 9,754 4.3275 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 Put Option Buy Transaction 16 7.0000 USD American 2025-Oct-17 2.7900 USD
Common Put Option Buy Transaction 1 7.0000 USD American 2025-Oct-17 2.8900 USD
Common Call Option DVP Transaction 7 10.0000 USD American 2026-Jul-17 0.2500 USD
Common Call Option DVP Transaction 10 5.0000 USD American 2025-Oct-17 0.4700 USD
Common Put Option DVP Transaction 17 7.0000 USD American 2025-Oct-17 2.7100 USD
Common Put Option DVP Transaction 4 7.0000 USD American 2025-Oct-17 2.7900 USD
Common Put Option DVP Transaction 13 7.0000 USD American 2025-Oct-17 2.7977 USD
Common Call Option RVP Transaction 7 10.0000 USD American 2026-Jul-17 0.2500 USD
Common Call Option RVP Transaction 10 5.0000 USD American 2025-Oct-17 0.4700 USD
Common Put Option RVP Transaction 17 7.0000 USD American 2025-Oct-17 2.7100 USD
Common Put Option RVP Transaction 17 7.0000 USD American 2025-Oct-17 2.7959 USD
Common Call Option Sell Transaction 10 5.0000 USD American 2025-Oct-17 0.4700 USD
Common Put Option Sell Transaction 17 7.0000 USD American 2025-Oct-17 2.7100 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: 5 June 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 -300 5.0 USD American 17/10/2025
Common Put Option Purchased -7,200 3.0 USD American 18/07/2025
Common Put Option Purchased -6,000 4.0 USD American 18/07/2025
Common Call Option Purchased 1,000 6.0 USD American 20/06/2025
Common Put Option Purchased -700 7.0 USD American 18/07/2025
Common Call Option Purchased 700 10.0 USD American 18/07/2025
Common Call Option Purchased 2,000 7.0 USD American 20/06/2025
Common Put Option Purchased -100 7.0 USD American 17/10/2025
Common Call Option Purchased 2,600 10.0 USD American 16/01/2026
Common Call Option Purchased 600,000 6.0 USD American 18/07/2025
Common Call Option Purchased 200 6.0 USD American 17/10/2025
Common Put Option Purchased -8,000 4.0 USD American 20/06/2025
Common Call Option Purchased 256,200 6.0 USD American 18/07/2025
Common Call Option Purchased 300 2.0 USD American 17/10/2025
Common Call Option Purchased 1,000 3.0 USD American 18/07/2025
Common Call Option Purchased 300 15.0 USD American 16/01/2026
Common Call Option Purchased 9,200 5.0 USD American 16/01/2026
Common Put Option Purchased -13,000 3.0 USD American 16/01/2026
Common Put Option Purchased -1,400 4.0 USD American 16/01/2026
Common Put Option Purchased -900 5.0 USD American 17/07/2026
Common Put Option Purchased -1,300 5.0 USD American 20/06/2025
Common Call Option Purchased 300 8.0 USD American 20/06/2025
Common Call Option Purchased 13,900 4.0 USD American 17/10/2025
Common Put Option Purchased -8,500 5.0 USD American 16/01/2026
Common Call Option Sold -2,000 5.0 USD American 20/06/2025
Common Call Option Sold -800 12.0 USD American 16/01/2026
Common Put Option Sold 100 3.0 USD American 20/06/2025
Common Put Option Sold 100 5.0 USD American 18/07/2025
Common Call Option Sold -96,400 5.0 USD American 17/10/2025
Common Call Option Sold -2,000 3.0 USD American 17/10/2025
Common Put Option Sold 98,900 8.0 USD American 20/06/2025
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 -29,400 8.0 USD American 18/07/2025
Common Call Option Sold -1,100 7.0 USD American 17/07/2026
Common Call Option Sold -500 4.0 USD American 16/01/2026
Common Call Option Sold -1,800 4.0 USD American 20/06/2025
Common Call Option Sold -2,500 4.0 USD American 17/07/2026
Common Call Option Sold -200 3.0 USD American 20/06/2025
Common Call Option Sold -645,600 5.0 USD American 18/07/2025
Common Call Option Sold -2,400 10.0 USD American 17/07/2026
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 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 -117,900 7.0 USD American 16/01/2026
Common Call Option Sold -8,200 4.0 USD American 18/07/2025
Common Call Option Sold -300 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 .

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

RETPKPBPOBKKPAK