Citadel Group — Major Shareholding Notification 2025

Jun 19, 2025

National Storage Mechanism | Additional information

RNS Number : 6171N

Citadel Group

19 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	18 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:	1,633,377	1.37	211,323	0.17
(2) Cash-settled derivatives:	462,604	0.38	0	0.00
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	989,600	0.83	1,003,500	0.84
TOTAL:	3,085,581	2.60	1,214,823	1.02

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	696	4.1900 USD
Common	Buy Transaction	906	4.2017 USD
Common	Buy Transaction	570	4.2039 USD
Common	Buy Transaction	882	4.2164 USD
Common	Buy Transaction	42	4.2300 USD
Common	Buy Transaction	1,700	4.2326 USD
Common	Buy Transaction	171	4.2337 USD
Common	Buy Transaction	944	4.2372 USD
Common	Buy Transaction	10	4.2400 USD
Common	Buy Transaction	240	4.2407 USD
Common	Buy Transaction	1,260	4.2443 USD
Common	Buy Transaction	1,549	4.2444 USD
Common	Buy Transaction	1,900	4.2460 USD
Common	Buy Transaction	1,213	4.2494 USD
Common	Buy Transaction	807	4.2509 USD
Common	Buy Transaction	8,536	4.2559 USD
Common	Buy Transaction	2,132	4.2565 USD
Common	Buy Transaction	19,708	4.2585 USD
Common	Buy Transaction	23,344	4.2588 USD
Common	Buy Transaction	9,761	4.2600 USD
Common	Buy Transaction	15	4.2607 USD
Common	Buy Transaction	1,416	4.2608 USD
Common	Buy Transaction	2,277	4.2608 USD
Common	Buy Transaction	1	4.2611 USD
Common	Buy Transaction	270	4.2615 USD
Common	Buy Transaction	1,607	4.2626 USD
Common	Buy Transaction	124	4.2639 USD
Common	Buy Transaction	500	4.2640 USD
Common	Buy Transaction	641	4.2648 USD
Common	Buy Transaction	1,207	4.2648 USD
Common	Buy Transaction	406	4.2654 USD
Common	Buy Transaction	40	4.2660 USD
Common	Buy Transaction	800	4.2663 USD
Common	Buy Transaction	1,294	4.2669 USD
Common	Buy Transaction	750	4.2670 USD
Common	Buy Transaction	2,223	4.2675 USD
Common	Buy Transaction	2,114	4.2676 USD
Common	Buy Transaction	3,724	4.2679 USD
Common	Buy Transaction	1,949	4.2684 USD
Common	Buy Transaction	10,734	4.2685 USD
Common	Buy Transaction	735	4.2686 USD
Common	Buy Transaction	2,596	4.2688 USD
Common	Buy Transaction	20,900	4.2689 USD
Common	Buy Transaction	1,039	4.2691 USD
Common	Buy Transaction	1,982	4.2700 USD
Common	Buy Transaction	5,173	4.2702 USD
Common	Buy Transaction	3,028	4.2707 USD
Common	Buy Transaction	957	4.2710 USD
Common	Buy Transaction	615	4.2714 USD
Common	Buy Transaction	643	4.2715 USD
Common	Buy Transaction	1,474	4.2716 USD
Common	Buy Transaction	1,733	4.2729 USD
Common	Buy Transaction	1,516	4.2730 USD
Common	Buy Transaction	10,385	4.2730 USD
Common	Buy Transaction	300	4.2733 USD
Common	Buy Transaction	8,070	4.2734 USD
Common	Buy Transaction	2,400	4.2734 USD
Common	Buy Transaction	1,470	4.2735 USD
Common	Buy Transaction	2,003	4.2737 USD
Common	Buy Transaction	386	4.2738 USD
Common	Buy Transaction	500	4.2740 USD
Common	Buy Transaction	910	4.2750 USD
Common	Buy Transaction	979	4.2753 USD
Common	Buy Transaction	14,574	4.2755 USD
Common	Buy Transaction	7,462	4.2756 USD
Common	Buy Transaction	20,451	4.2760 USD
Common	Buy Transaction	120	4.2760 USD
Common	Buy Transaction	300	4.2767 USD
Common	Buy Transaction	1,900	4.2768 USD
Common	Buy Transaction	362	4.2769 USD
Common	Buy Transaction	36,879	4.2769 USD
Common	Buy Transaction	1,596	4.2775 USD
Common	Buy Transaction	1,400	4.2779 USD
Common	Buy Transaction	41,545	4.2791 USD
Common	Buy Transaction	3,697	4.2792 USD
Common	Buy Transaction	10,891	4.2800 USD
Common	Buy Transaction	4,244	4.2801 USD
Common	Buy Transaction	157	4.2801 USD
Common	Buy Transaction	4,949	4.2811 USD
Common	Buy Transaction	1,410	4.2815 USD
Common	Buy Transaction	125	4.2819 USD
Common	Buy Transaction	1,482	4.2833 USD
Common	Buy Transaction	224	4.2843 USD
Common	Buy Transaction	1,300	4.2850 USD
Common	Buy Transaction	2	4.2869 USD
Common	Buy Transaction	50,140	4.2900 USD
Common	Buy Transaction	128	4.2901 USD
Common	Buy Transaction	749	4.2909 USD
Common	Buy Transaction	1,400	4.2920 USD
Common	Buy Transaction	9,069	4.2942 USD
Common	Buy Transaction	13,300	4.2943 USD
Common	Buy Transaction	9,099	4.2950 USD
Common	Buy Transaction	1	4.2951 USD
Common	Buy Transaction	22	4.2986 USD
Common	Buy Transaction	738	4.2992 USD
Common	Buy Transaction	2,432	4.3000 USD
Common	Buy Transaction	333	4.3001 USD
Common	Buy Transaction	689	4.3003 USD
Common	Buy Transaction	6,881	4.3060 USD
Common	Buy Transaction	86	4.3071 USD
Common	Buy Transaction	11,596	4.3075 USD
Common	Buy Transaction	27	4.3100 USD
Common	Buy Transaction	153	4.3200 USD
Common	Buy Transaction	1,200	4.3250 USD
Common	Buy Transaction	256	4.3300 USD
Common	DVP Transaction	100	4.1750 USD
Common	DVP Transaction	767	4.1900 USD
Common	DVP Transaction	500	4.2070 USD
Common	DVP Transaction	400	4.2125 USD
Common	DVP Transaction	546	4.2250 USD
Common	DVP Transaction	1,754	4.2326 USD
Common	DVP Transaction	400	4.2400 USD
Common	DVP Transaction	300	4.2450 USD
Common	DVP Transaction	6,309	4.2686 USD
Common	DVP Transaction	38,712	4.2900 USD
Common	DVP Transaction	1,153	4.3012 USD
Common	DVP Transaction	106	4.3046 USD
Common	RVP Transaction	767	4.1900 USD
Common	RVP Transaction	4,000	4.2266 USD
Common	RVP Transaction	350	4.2614 USD
Common	RVP Transaction	100	4.2650 USD
Common	RVP Transaction	309	4.2668 USD
Common	RVP Transaction	1,761	4.2672 USD
Common	RVP Transaction	1,600	4.2700 USD
Common	RVP Transaction	452	4.2706 USD
Common	RVP Transaction	1,430	4.2730 USD
Common	RVP Transaction	408	4.2750 USD
Common	RVP Transaction	394	4.2765 USD
Common	RVP Transaction	42	4.2800 USD
Common	RVP Transaction	38,713	4.2900 USD
Common	RVP Transaction	126	4.2940 USD
Common	RVP Transaction	12	4.2950 USD
Common	RVP Transaction	24	4.2967 USD
Common	RVP Transaction	16	4.3000 USD
Common	RVP Transaction	13	4.3031 USD
Common	RVP Transaction	32	4.3075 USD
Common	RVP Transaction	160	4.3080 USD
Common	RVP Transaction	4	4.3150 USD
Common	RVP Transaction	126	4.3179 USD
Common	RVP Transaction	200	4.3300 USD
Common	RVP Transaction	8	4.3350 USD
Common	Sell Transaction	1,000	4.1700 USD
Common	Sell Transaction	1	4.1900 USD
Common	Sell Transaction	766	4.2331 USD
Common	Sell Transaction	500	4.2345 USD
Common	Sell Transaction	300	4.2400 USD
Common	Sell Transaction	218	4.2450 USD
Common	Sell Transaction	633	4.2500 USD
Common	Sell Transaction	1,309	4.2573 USD
Common	Sell Transaction	1,200	4.2575 USD
Common	Sell Transaction	61,281	4.2591 USD
Common	Sell Transaction	6,600	4.2600 USD
Common	Sell Transaction	22,049	4.2603 USD
Common	Sell Transaction	1,317	4.2638 USD
Common	Sell Transaction	208	4.2650 USD
Common	Sell Transaction	571	4.2653 USD
Common	Sell Transaction	788	4.2656 USD
Common	Sell Transaction	8,532	4.2659 USD
Common	Sell Transaction	9,203	4.2659 USD
Common	Sell Transaction	373	4.2661 USD
Common	Sell Transaction	241	4.2664 USD
Common	Sell Transaction	157	4.2671 USD
Common	Sell Transaction	641	4.2680 USD
Common	Sell Transaction	24,992	4.2688 USD
Common	Sell Transaction	26,088	4.2690 USD
Common	Sell Transaction	2	4.2692 USD
Common	Sell Transaction	2,707	4.2700 USD
Common	Sell Transaction	1,174	4.2704 USD
Common	Sell Transaction	3,004	4.2707 USD
Common	Sell Transaction	23	4.2713 USD
Common	Sell Transaction	1,852	4.2719 USD
Common	Sell Transaction	250	4.2720 USD
Common	Sell Transaction	1,201	4.2725 USD
Common	Sell Transaction	35,852	4.2729 USD
Common	Sell Transaction	123	4.2751 USD
Common	Sell Transaction	30,956	4.2759 USD
Common	Sell Transaction	63	4.2767 USD
Common	Sell Transaction	200	4.2775 USD
Common	Sell Transaction	531	4.2784 USD
Common	Sell Transaction	25	4.2792 USD
Common	Sell Transaction	4,869	4.2794 USD
Common	Sell Transaction	1,341	4.2795 USD
Common	Sell Transaction	543	4.2798 USD
Common	Sell Transaction	4,281	4.2800 USD
Common	Sell Transaction	274	4.2802 USD
Common	Sell Transaction	227	4.2804 USD
Common	Sell Transaction	831	4.2806 USD
Common	Sell Transaction	17,460	4.2807 USD
Common	Sell Transaction	336	4.2810 USD
Common	Sell Transaction	300	4.2810 USD
Common	Sell Transaction	2,100	4.2814 USD
Common	Sell Transaction	1,714	4.2816 USD
Common	Sell Transaction	365	4.2821 USD
Common	Sell Transaction	4,118	4.2824 USD
Common	Sell Transaction	157	4.2830 USD
Common	Sell Transaction	61	4.2836 USD
Common	Sell Transaction	3,929	4.2837 USD
Common	Sell Transaction	752	4.2837 USD
Common	Sell Transaction	2,000	4.2840 USD
Common	Sell Transaction	531	4.2841 USD
Common	Sell Transaction	1,900	4.2842 USD
Common	Sell Transaction	4,684	4.2843 USD
Common	Sell Transaction	2,354	4.2846 USD
Common	Sell Transaction	200	4.2850 USD
Common	Sell Transaction	17	4.2853 USD
Common	Sell Transaction	50,998	4.2857 USD
Common	Sell Transaction	600	4.2867 USD
Common	Sell Transaction	200	4.2875 USD
Common	Sell Transaction	1,400	4.2879 USD
Common	Sell Transaction	554	4.2883 USD
Common	Sell Transaction	239	4.2887 USD
Common	Sell Transaction	512	4.2889 USD
Common	Sell Transaction	900	4.2889 USD
Common	Sell Transaction	3,523	4.2889 USD
Common	Sell Transaction	5,294	4.2896 USD
Common	Sell Transaction	1,482	4.2896 USD
Common	Sell Transaction	296	4.2898 USD
Common	Sell Transaction	48,451	4.2900 USD
Common	Sell Transaction	985	4.2903 USD
Common	Sell Transaction	3,243	4.2912 USD
Common	Sell Transaction	35,665	4.2913 USD
Common	Sell Transaction	2,328	4.2913 USD
Common	Sell Transaction	300	4.2917 USD
Common	Sell Transaction	74	4.2924 USD
Common	Sell Transaction	3,087	4.2928 USD
Common	Sell Transaction	600	4.2933 USD
Common	Sell Transaction	5,920	4.2934 USD
Common	Sell Transaction	500	4.2940 USD
Common	Sell Transaction	3,800	4.2942 USD
Common	Sell Transaction	10,977	4.2944 USD
Common	Sell Transaction	903	4.2955 USD
Common	Sell Transaction	61	4.2959 USD
Common	Sell Transaction	3,857	4.2960 USD
Common	Sell Transaction	15	4.2960 USD
Common	Sell Transaction	1,218	4.2965 USD
Common	Sell Transaction	514	4.2973 USD
Common	Sell Transaction	1,012	4.2981 USD
Common	Sell Transaction	29	4.2986 USD
Common	Sell Transaction	2,501	4.2987 USD
Common	Sell Transaction	11,564	4.2997 USD
Common	Sell Transaction	10	4.3000 USD
Common	Sell Transaction	240	4.3019 USD
Common	Sell Transaction	589	4.3031 USD
Common	Sell Transaction	609	4.3034 USD
Common	Sell Transaction	1,358	4.3039 USD
Common	Sell Transaction	3,916	4.3041 USD
Common	Sell Transaction	746	4.3041 USD
Common	Sell Transaction	81	4.3049 USD
Common	Sell Transaction	478	4.3053 USD
Common	Sell Transaction	4,723	4.3074 USD
Common	Sell Transaction	174	4.3083 USD
Common	Sell Transaction	4,198	4.3091 USD
Common	Sell Transaction	1,432	4.3091 USD
Common	Sell Transaction	1,757	4.3100 USD
Common	Sell Transaction	1,328	4.3101 USD
Common	Sell Transaction	266	4.3101 USD
Common	Sell Transaction	2,682	4.3108 USD
Common	Sell Transaction	139	4.3109 USD
Common	Sell Transaction	3,682	4.3120 USD
Common	Sell Transaction	2,170	4.3122 USD
Common	Sell Transaction	6,261	4.3146 USD
Common	Sell Transaction	1,144	4.3146 USD
Common	Sell Transaction	1,000	4.3180 USD
Common	Sell Transaction	914	4.3184 USD
Common	Sell Transaction	7,200	4.3200 USD
Common	Sell Transaction	4,319	4.3200 USD
Common	Sell Transaction	100	4.3250 USD
Common	Sell Transaction	141	4.3258 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	9,900	4.3037 USD
Common	CFD	Reducing long position	5,200	4.3179 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	1	5.0000 USD	American	2025-Jun-20	0.7700 USD
Common	Call Option	DVP Transaction	11	5.0000 USD	American	2025-Oct-17	0.3818 USD
Common	Put Option	DVP Transaction	1	5.0000 USD	American	2025-Jun-20	0.7700 USD
Common	Call Option	RVP Transaction	10	5.0000 USD	American	2025-Oct-17	0.3800 USD
Common	Call Option	RVP Transaction	1	5.0000 USD	American	2025-Oct-17	0.4000 USD
Common	Put Option	RVP Transaction	1	5.0000 USD	American	2025-Jun-20	0.7700 USD
Common	Call Option	Sell Transaction	10	5.0000 USD	American	2025-Oct-17	0.3800 USD
Common	Call Option	Sell Transaction	1	5.0000 USD	American	2025-Oct-17	0.4000 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:	19 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	Call Option	Purchased	200	6.0 USD	American	17/10/2025
Common	Put Option	Purchased	-1,600	4.0 USD	American	16/01/2026
Common	Put Option	Purchased	-700	6.0 USD	American	18/07/2025
Common	Put Option	Purchased	-700	7.0 USD	American	18/07/2025
Common	Call Option	Purchased	300	2.0 USD	American	17/10/2025
Common	Put Option	Purchased	-200	6.0 USD	American	16/01/2026
Common	Put Option	Purchased	-13,000	3.0 USD	American	16/01/2026
Common	Put Option	Purchased	-100	7.0 USD	American	17/10/2025
Common	Put Option	Purchased	-300	5.0 USD	American	17/10/2025
Common	Call Option	Purchased	14,100	4.0 USD	American	17/10/2025
Common	Call Option	Purchased	2,600	10.0 USD	American	16/01/2026
Common	Call Option	Purchased	300	15.0 USD	American	16/01/2026
Common	Call Option	Purchased	600,000	6.0 USD	American	18/07/2025
Common	Call Option	Purchased	900	6.0 USD	American	20/06/2025
Common	Call Option	Purchased	9,200	5.0 USD	American	16/01/2026
Common	Put Option	Purchased	-6,400	5.0 USD	American	20/06/2025
Common	Call Option	Purchased	1,000	3.0 USD	American	18/07/2025
Common	Put Option	Purchased	-900	5.0 USD	American	17/07/2026
Common	Put Option	Purchased	-6,000	4.0 USD	American	18/07/2025
Common	Call Option	Purchased	700	10.0 USD	American	18/07/2025
Common	Put Option	Purchased	-8,500	5.0 USD	American	16/01/2026
Common	Call Option	Purchased	255,900	6.0 USD	American	18/07/2025
Common	Put Option	Purchased	-8,100	4.0 USD	American	20/06/2025
Common	Call Option	Purchased	2,000	7.0 USD	American	20/06/2025
Common	Put Option	Purchased	-7,200	3.0 USD	American	18/07/2025
Common	Call Option	Purchased	200	8.0 USD	American	20/06/2025
Common	Call Option	Sold	-200	3.0 USD	American	20/06/2025
Common	Call Option	Sold	-300	4.0 USD	American	20/06/2025
Common	Call Option	Sold	-300	3.0 USD	American	17/07/2026
Common	Call Option	Sold	-2,500	4.0 USD	American	17/07/2026
Common	Put Option	Sold	98,900	8.0 USD	American	20/06/2025
Common	Put Option	Sold	100	5.0 USD	American	18/07/2025
Common	Call Option	Sold	-300	6.0 USD	American	16/01/2026
Common	Call Option	Sold	-100	2.0 USD	American	17/07/2026
Common	Put Option	Sold	3,100	3.0 USD	American	17/10/2025
Common	Call Option	Sold	-2,400	10.0 USD	American	17/07/2026
Common	Call Option	Sold	-643,700	5.0 USD	American	18/07/2025
Common	Call Option	Sold	-97,500	5.0 USD	American	17/10/2025
Common	Call Option	Sold	-3,500	5.0 USD	American	20/06/2025
Common	Call Option	Sold	-1,100	7.0 USD	American	17/07/2026
Common	Call Option	Sold	-29,400	8.0 USD	American	18/07/2025
Common	Call Option	Sold	-1,400	3.0 USD	American	16/01/2026
Common	Call Option	Sold	-500	4.0 USD	American	16/01/2026
Common	Call Option	Sold	-36,000	5.0 USD	American	17/07/2026
Common	Call Option	Sold	-200	7.0 USD	American	18/07/2025
Common	Call Option	Sold	-9,700	4.0 USD	American	18/07/2025
Common	Call Option	Sold	-2,000	3.0 USD	American	17/10/2025
Common	Put Option	Sold	100	3.0 USD	American	20/06/2025
Common	Call Option	Sold	-117,900	7.0 USD	American	16/01/2026
Common	Call Option	Sold	-800	12.0 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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END

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