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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 : 6091P
Citadel Group
03 July 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 July 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: | 2,060,238 | 1.73 | 119,437 | 0.10 |
| (2) Cash-settled derivatives: | 522,792 | 0.44 | 0 | 0.00 |
| (3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 999,900 | 0.84 | 1,372,700 | 1.15 |
| TOTAL: | 3,582,930 | 3.01 | 1,492,137 | 1.25 |
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 | 15 | 4.0227 USD |
| Common | Buy Transaction | 200 | 4.2500 USD |
| Common | Buy Transaction | 4,400 | 4.2573 USD |
| Common | Buy Transaction | 12,942 | 4.2600 USD |
| Common | Buy Transaction | 7 | 4.2714 USD |
| Common | Buy Transaction | 600 | 4.2850 USD |
| Common | Buy Transaction | 1 | 4.2900 USD |
| Common | Buy Transaction | 1,203 | 4.2917 USD |
| Common | Buy Transaction | 4,200 | 4.2929 USD |
| Common | Buy Transaction | 300 | 4.2933 USD |
| Common | Buy Transaction | 500 | 4.2960 USD |
| Common | Buy Transaction | 3 | 4.2967 USD |
| Common | Buy Transaction | 1,146 | 4.2972 USD |
| Common | Buy Transaction | 371 | 4.2984 USD |
| Common | Buy Transaction | 1,200 | 4.3000 USD |
| Common | Buy Transaction | 4,011 | 4.3000 USD |
| Common | Buy Transaction | 2,400 | 4.3004 USD |
| Common | Buy Transaction | 30 | 4.3010 USD |
| Common | Buy Transaction | 2,872 | 4.3036 USD |
| Common | Buy Transaction | 8,653 | 4.3076 USD |
| Common | Buy Transaction | 1 | 4.3096 USD |
| Common | Buy Transaction | 3,211 | 4.3100 USD |
| Common | Buy Transaction | 1,800 | 4.3122 USD |
| Common | Buy Transaction | 1,299 | 4.3123 USD |
| Common | Buy Transaction | 29,351 | 4.3154 USD |
| Common | Buy Transaction | 149 | 4.3156 USD |
| Common | Buy Transaction | 710 | 4.3159 USD |
| Common | Buy Transaction | 4,500 | 4.3160 USD |
| Common | Buy Transaction | 16 | 4.3181 USD |
| Common | Buy Transaction | 341 | 4.3183 USD |
| Common | Buy Transaction | 670 | 4.3183 USD |
| Common | Buy Transaction | 900 | 4.3189 USD |
| Common | Buy Transaction | 1,000 | 4.3190 USD |
| Common | Buy Transaction | 5,194 | 4.3200 USD |
| Common | Buy Transaction | 754 | 4.3201 USD |
| Common | Buy Transaction | 482 | 4.3204 USD |
| Common | Buy Transaction | 800 | 4.3213 USD |
| Common | Buy Transaction | 276 | 4.3214 USD |
| Common | Buy Transaction | 150,934 | 4.3217 USD |
| Common | Buy Transaction | 500 | 4.3220 USD |
| Common | Buy Transaction | 2,200 | 4.3227 USD |
| Common | Buy Transaction | 94 | 4.3228 USD |
| Common | Buy Transaction | 3,014 | 4.3232 USD |
| Common | Buy Transaction | 2,300 | 4.3239 USD |
| Common | Buy Transaction | 1,004 | 4.3240 USD |
| Common | Buy Transaction | 2,267 | 4.3240 USD |
| Common | Buy Transaction | 176 | 4.3248 USD |
| Common | Buy Transaction | 31,630 | 4.3248 USD |
| Common | Buy Transaction | 4 | 4.3250 USD |
| Common | Buy Transaction | 43 | 4.3263 USD |
| Common | Buy Transaction | 448 | 4.3263 USD |
| Common | Buy Transaction | 1,341 | 4.3270 USD |
| Common | Buy Transaction | 475 | 4.3273 USD |
| Common | Buy Transaction | 233 | 4.3274 USD |
| Common | Buy Transaction | 2,108 | 4.3278 USD |
| Common | Buy Transaction | 411 | 4.3279 USD |
| Common | Buy Transaction | 500 | 4.3280 USD |
| Common | Buy Transaction | 3,842 | 4.3285 USD |
| Common | Buy Transaction | 1,123 | 4.3290 USD |
| Common | Buy Transaction | 225 | 4.3293 USD |
| Common | Buy Transaction | 769 | 4.3295 USD |
| Common | Buy Transaction | 322 | 4.3297 USD |
| Common | Buy Transaction | 6,165 | 4.3300 USD |
| Common | Buy Transaction | 19 | 4.3311 USD |
| Common | Buy Transaction | 17 | 4.3312 USD |
| Common | Buy Transaction | 4,824 | 4.3319 USD |
| Common | Buy Transaction | 289 | 4.3325 USD |
| Common | Buy Transaction | 3,939 | 4.3333 USD |
| Common | Buy Transaction | 17,881 | 4.3333 USD |
| Common | Buy Transaction | 1,187 | 4.3337 USD |
| Common | Buy Transaction | 2,726 | 4.3341 USD |
| Common | Buy Transaction | 15,984 | 4.3349 USD |
| Common | Buy Transaction | 473 | 4.3350 USD |
| Common | Buy Transaction | 406 | 4.3350 USD |
| Common | Buy Transaction | 900 | 4.3356 USD |
| Common | Buy Transaction | 322 | 4.3364 USD |
| Common | Buy Transaction | 99 | 4.3373 USD |
| Common | Buy Transaction | 3,661 | 4.3373 USD |
| Common | Buy Transaction | 4 | 4.3375 USD |
| Common | Buy Transaction | 1,000 | 4.3390 USD |
| Common | Buy Transaction | 1,664 | 4.3393 USD |
| Common | Buy Transaction | 3,701 | 4.3400 USD |
| Common | Buy Transaction | 200 | 4.3425 USD |
| Common | Buy Transaction | 493 | 4.3443 USD |
| Common | Buy Transaction | 300 | 4.3450 USD |
| Common | Buy Transaction | 589 | 4.3450 USD |
| Common | Buy Transaction | 1,490 | 4.3472 USD |
| Common | Buy Transaction | 800 | 4.3475 USD |
| Common | Buy Transaction | 695 | 4.3500 USD |
| Common | Buy Transaction | 23 | 4.3509 USD |
| Common | Buy Transaction | 390 | 4.3510 USD |
| Common | Buy Transaction | 35 | 4.3511 USD |
| Common | Buy Transaction | 300 | 4.3550 USD |
| Common | Buy Transaction | 18,918 | 4.3598 USD |
| Common | Buy Transaction | 5,822 | 4.3600 USD |
| Common | Buy Transaction | 2,771 | 4.3603 USD |
| Common | Buy Transaction | 10,591 | 4.3608 USD |
| Common | Buy Transaction | 24,036 | 4.3620 USD |
| Common | Buy Transaction | 5,451 | 4.3627 USD |
| Common | Buy Transaction | 2 | 4.3650 USD |
| Common | Buy Transaction | 1 | 4.3675 USD |
| Common | Buy Transaction | 1 | 4.3685 USD |
| Common | Buy Transaction | 143 | 4.3700 USD |
| Common | Buy Transaction | 48 | 4.3750 USD |
| Common | Buy Transaction | 1,430 | 4.3758 USD |
| Common | Buy Transaction | 884 | 4.3770 USD |
| Common | Buy Transaction | 85,103 | 4.3800 USD |
| Common | DVP Transaction | 3,023 | 4.2900 USD |
| Common | DVP Transaction | 1 | 4.3000 USD |
| Common | DVP Transaction | 13,478 | 4.3274 USD |
| Common | DVP Transaction | 1 | 4.3300 USD |
| Common | DVP Transaction | 28 | 4.3393 USD |
| Common | DVP Transaction | 428 | 4.3450 USD |
| Common | DVP Transaction | 1,466 | 4.3450 USD |
| Common | DVP Transaction | 1,138 | 4.3472 USD |
| Common | DVP Transaction | 232 | 4.3481 USD |
| Common | DVP Transaction | 2,263 | 4.3503 USD |
| Common | DVP Transaction | 48 | 4.3517 USD |
| Common | DVP Transaction | 144 | 4.3550 USD |
| Common | DVP Transaction | 16 | 4.3750 USD |
| Common | DVP Transaction | 3 | 4.3767 USD |
| Common | DVP Transaction | 17,789 | 4.3800 USD |
| Common | RVP Transaction | 3,023 | 4.2900 USD |
| Common | RVP Transaction | 201 | 4.3000 USD |
| Common | RVP Transaction | 268 | 4.3081 USD |
| Common | RVP Transaction | 836 | 4.3125 USD |
| Common | RVP Transaction | 40 | 4.3150 USD |
| Common | RVP Transaction | 400 | 4.3175 USD |
| Common | RVP Transaction | 392 | 4.3177 USD |
| Common | RVP Transaction | 562 | 4.3178 USD |
| Common | RVP Transaction | 1,767 | 4.3256 USD |
| Common | RVP Transaction | 296 | 4.3269 USD |
| Common | RVP Transaction | 2,200 | 4.3270 USD |
| Common | RVP Transaction | 1,776 | 4.3297 USD |
| Common | RVP Transaction | 1 | 4.3300 USD |
| Common | RVP Transaction | 1,261 | 4.3308 USD |
| Common | RVP Transaction | 600 | 4.3325 USD |
| Common | RVP Transaction | 1,293 | 4.3325 USD |
| Common | RVP Transaction | 1,163 | 4.3396 USD |
| Common | RVP Transaction | 196 | 4.3397 USD |
| Common | RVP Transaction | 5,611 | 4.3479 USD |
| Common | RVP Transaction | 100 | 4.3500 USD |
| Common | RVP Transaction | 155 | 4.3544 USD |
| Common | RVP Transaction | 100 | 4.3550 USD |
| Common | RVP Transaction | 17,817 | 4.3800 USD |
| Common | Sell Transaction | 6,494 | 4.2500 USD |
| Common | Sell Transaction | 200 | 4.2700 USD |
| Common | Sell Transaction | 307 | 4.2750 USD |
| Common | Sell Transaction | 947 | 4.2788 USD |
| Common | Sell Transaction | 205 | 4.2800 USD |
| Common | Sell Transaction | 1,517 | 4.2815 USD |
| Common | Sell Transaction | 500 | 4.2850 USD |
| Common | Sell Transaction | 299 | 4.2900 USD |
| Common | Sell Transaction | 1,701 | 4.2936 USD |
| Common | Sell Transaction | 689 | 4.2984 USD |
| Common | Sell Transaction | 1,107 | 4.3000 USD |
| Common | Sell Transaction | 471 | 4.3002 USD |
| Common | Sell Transaction | 6,600 | 4.3005 USD |
| Common | Sell Transaction | 3,518 | 4.3007 USD |
| Common | Sell Transaction | 3 | 4.3033 USD |
| Common | Sell Transaction | 628 | 4.3036 USD |
| Common | Sell Transaction | 2,900 | 4.3041 USD |
| Common | Sell Transaction | 1,700 | 4.3065 USD |
| Common | Sell Transaction | 1,200 | 4.3067 USD |
| Common | Sell Transaction | 1,136 | 4.3071 USD |
| Common | Sell Transaction | 500 | 4.3087 USD |
| Common | Sell Transaction | 193 | 4.3099 USD |
| Common | Sell Transaction | 2,990 | 4.3100 USD |
| Common | Sell Transaction | 201 | 4.3100 USD |
| Common | Sell Transaction | 228 | 4.3104 USD |
| Common | Sell Transaction | 1,827 | 4.3124 USD |
| Common | Sell Transaction | 228 | 4.3125 USD |
| Common | Sell Transaction | 18 | 4.3128 USD |
| Common | Sell Transaction | 625 | 4.3132 USD |
| Common | Sell Transaction | 900 | 4.3144 USD |
| Common | Sell Transaction | 100 | 4.3150 USD |
| Common | Sell Transaction | 253 | 4.3150 USD |
| Common | Sell Transaction | 29,351 | 4.3154 USD |
| Common | Sell Transaction | 139 | 4.3157 USD |
| Common | Sell Transaction | 700 | 4.3157 USD |
| Common | Sell Transaction | 700 | 4.3164 USD |
| Common | Sell Transaction | 300 | 4.3167 USD |
| Common | Sell Transaction | 6,006 | 4.3175 USD |
| Common | Sell Transaction | 1,186 | 4.3176 USD |
| Common | Sell Transaction | 29,820 | 4.3177 USD |
| Common | Sell Transaction | 406 | 4.3183 USD |
| Common | Sell Transaction | 760 | 4.3189 USD |
| Common | Sell Transaction | 500 | 4.3191 USD |
| Common | Sell Transaction | 5,759 | 4.3200 USD |
| Common | Sell Transaction | 1,800 | 4.3206 USD |
| Common | Sell Transaction | 2,908 | 4.3208 USD |
| Common | Sell Transaction | 4,841 | 4.3218 USD |
| Common | Sell Transaction | 573 | 4.3223 USD |
| Common | Sell Transaction | 496 | 4.3227 USD |
| Common | Sell Transaction | 1,000 | 4.3230 USD |
| Common | Sell Transaction | 680 | 4.3250 USD |
| Common | Sell Transaction | 5,000 | 4.3255 USD |
| Common | Sell Transaction | 3,684 | 4.3257 USD |
| Common | Sell Transaction | 151,100 | 4.3259 USD |
| Common | Sell Transaction | 3,600 | 4.3269 USD |
| Common | Sell Transaction | 1,689 | 4.3275 USD |
| Common | Sell Transaction | 400 | 4.3275 USD |
| Common | Sell Transaction | 3,485 | 4.3277 USD |
| Common | Sell Transaction | 1,038 | 4.3285 USD |
| Common | Sell Transaction | 800 | 4.3288 USD |
| Common | Sell Transaction | 4,384 | 4.3294 USD |
| Common | Sell Transaction | 2,561 | 4.3300 USD |
| Common | Sell Transaction | 19,317 | 4.3335 USD |
| Common | Sell Transaction | 600 | 4.3342 USD |
| Common | Sell Transaction | 1,185 | 4.3353 USD |
| Common | Sell Transaction | 17 | 4.3353 USD |
| Common | Sell Transaction | 6,476 | 4.3357 USD |
| Common | Sell Transaction | 3,405 | 4.3368 USD |
| Common | Sell Transaction | 1,058 | 4.3369 USD |
| Common | Sell Transaction | 1,400 | 4.3382 USD |
| Common | Sell Transaction | 1,700 | 4.3382 USD |
| Common | Sell Transaction | 240 | 4.3383 USD |
| Common | Sell Transaction | 2,452 | 4.3383 USD |
| Common | Sell Transaction | 521 | 4.3400 USD |
| Common | Sell Transaction | 13,100 | 4.3403 USD |
| Common | Sell Transaction | 495 | 4.3407 USD |
| Common | Sell Transaction | 258 | 4.3412 USD |
| Common | Sell Transaction | 486 | 4.3417 USD |
| Common | Sell Transaction | 1,100 | 4.3418 USD |
| Common | Sell Transaction | 1,733 | 4.3419 USD |
| Common | Sell Transaction | 373 | 4.3430 USD |
| Common | Sell Transaction | 2,448 | 4.3433 USD |
| Common | Sell Transaction | 238 | 4.3442 USD |
| Common | Sell Transaction | 2 | 4.3450 USD |
| Common | Sell Transaction | 35,038 | 4.3456 USD |
| Common | Sell Transaction | 2,524 | 4.3500 USD |
| Common | Sell Transaction | 767 | 4.3502 USD |
| Common | Sell Transaction | 4 | 4.3509 USD |
| Common | Sell Transaction | 3,200 | 4.3544 USD |
| Common | Sell Transaction | 2,000 | 4.3550 USD |
| Common | Sell Transaction | 375 | 4.3575 USD |
| Common | Sell Transaction | 130 | 4.3581 USD |
| Common | Sell Transaction | 742 | 4.3590 USD |
| Common | Sell Transaction | 93 | 4.3591 USD |
| Common | Sell Transaction | 167 | 4.3600 USD |
| Common | Sell Transaction | 1,545 | 4.3639 USD |
| Common | Sell Transaction | 6,331 | 4.3648 USD |
| Common | Sell Transaction | 300 | 4.3650 USD |
| Common | Sell Transaction | 3,083 | 4.3679 USD |
| Common | Sell Transaction | 800 | 4.3712 USD |
| Common | Sell Transaction | 4 | 4.3750 USD |
| Common | Sell Transaction | 29,517 | 4.3756 USD |
| Common | Sell Transaction | 383 | 4.3777 USD |
| Common | Sell Transaction | 11,875 | 4.3783 USD |
| Common | Sell Transaction | 64,532 | 4.3800 USD |
| Common | Sell Transaction | 5,450 | 4.3817 USD |
| Common | Sell Transaction | 1,400 | 4.3825 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 | Increasing long position | 4,200 | 4.2939 USD |
| Common | CFD | Increasing long position | 32,767 | 4.3098 USD |
| Common | CFD | Increasing long position | 21,601 | 4.3151 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 | 150 | 6.0000 USD | American | 2025-Jul-18 | 0.0250 USD |
| Common | Call Option | Buy Transaction | 3 | 10.0000 USD | American | 2026-Jan-16 | 0.0500 USD |
| Common | Put Option | Buy Transaction | 5 | 3.0000 USD | American | 2025-Oct-17 | 0.1500 USD |
| Common | Call Option | Buy Transaction | 1 | 12.0000 USD | American | 2026-Jan-16 | 0.2000 USD |
| Common | Call Option | Buy Transaction | 4 | 6.0000 USD | American | 2026-Jan-16 | 0.3500 USD |
| Common | Call Option | Buy Transaction | 13 | 5.0000 USD | American | 2026-Jan-16 | 0.5500 USD |
| Common | Call Option | Buy Transaction | 54 | 4.0000 USD | American | 2025-Oct-17 | 0.7250 USD |
| Common | Call Option | Buy Transaction | 20 | 3.0000 USD | American | 2025-Aug-15 | 1.3500 USD |
| Common | Call Option | DVP Transaction | 10 | 6.0000 USD | American | 2025-Oct-17 | 0.2000 USD |
| Common | Call Option | DVP Transaction | 3 | 5.0000 USD | American | 2025-Oct-17 | 0.3500 USD |
| Common | Call Option | DVP Transaction | 8 | 5.0000 USD | American | 2025-Oct-17 | 0.3700 USD |
| Common | Call Option | DVP Transaction | 3 | 6.0000 USD | American | 2026-Jan-16 | 0.3900 USD |
| Common | Call Option | DVP Transaction | 6 | 6.0000 USD | American | 2026-Jan-16 | 0.4000 USD |
| Common | Call Option | DVP Transaction | 5 | 5.0000 USD | American | 2026-Jan-16 | 0.6200 USD |
| Common | Call Option | DVP Transaction | 2 | 5.0000 USD | American | 2026-Jan-16 | 0.8000 USD |
| Common | Call Option | DVP Transaction | 23 | 4.0000 USD | American | 2025-Oct-17 | 0.8000 USD |
| Common | Call Option | DVP Transaction | 20 | 3.0000 USD | American | 2025-Aug-15 | 1.3500 USD |
| Common | Call Option | RVP Transaction | 10 | 6.0000 USD | American | 2025-Oct-17 | 0.2000 USD |
| Common | Call Option | RVP Transaction | 3 | 5.0000 USD | American | 2025-Oct-17 | 0.3500 USD |
| Common | Call Option | RVP Transaction | 8 | 5.0000 USD | American | 2025-Oct-17 | 0.3700 USD |
| Common | Call Option | RVP Transaction | 3 | 6.0000 USD | American | 2026-Jan-16 | 0.3900 USD |
| Common | Call Option | RVP Transaction | 6 | 6.0000 USD | American | 2026-Jan-16 | 0.4000 USD |
| Common | Call Option | RVP Transaction | 6 | 5.0000 USD | American | 2026-Jan-16 | 0.6500 USD |
| Common | Call Option | RVP Transaction | 1 | 5.0000 USD | American | 2026-Jan-16 | 0.8000 USD |
| Common | Call Option | RVP Transaction | 23 | 4.0000 USD | American | 2025-Oct-17 | 0.8000 USD |
| Common | Call Option | RVP Transaction | 20 | 3.0000 USD | American | 2025-Aug-15 | 1.3500 USD |
| Common | Call Option | Sell Transaction | 8 | 5.0000 USD | American | 2025-Jul-18 | 0.0250 USD |
| Common | Call Option | Sell Transaction | 4 | 7.0000 USD | American | 2026-Jan-16 | 0.1750 USD |
| Common | Call Option | Sell Transaction | 10 | 6.0000 USD | American | 2025-Oct-17 | 0.2000 USD |
| Common | Call Option | Sell Transaction | 37 | 5.0000 USD | American | 2025-Oct-17 | 0.3000 USD |
| Common | Call Option | Sell Transaction | 4 | 5.0000 USD | American | 2025-Oct-17 | 0.3700 USD |
| Common | Call Option | Sell Transaction | 23 | 4.0000 USD | American | 2025-Oct-17 | 0.8000 USD |
| Common | Call Option | Sell Transaction | 10 | 5.0000 USD | American | 2026-Jul-17 | 0.8250 USD |
| Common | Call Option | Sell Transaction | 10 | 4.0000 USD | American | 2026-Jan-16 | 0.9500 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: | 3 July 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 | -201,600 | 4.0 USD | American | 16/01/2026 |
| Common | Put Option | Purchased | -300 | 5.0 USD | American | 17/10/2025 |
| Common | Call Option | Purchased | 300 | 15.0 USD | American | 16/01/2026 |
| Common | Call Option | Purchased | 300 | 2.0 USD | American | 17/10/2025 |
| Common | Call Option | Purchased | 700 | 10.0 USD | American | 18/07/2025 |
| Common | Put Option | Purchased | -300 | 4.0 USD | American | 15/08/2025 |
| Common | Call Option | Purchased | 17,200 | 4.0 USD | American | 17/10/2025 |
| Common | Put Option | Purchased | -700 | 6.0 USD | American | 18/07/2025 |
| Common | Put Option | Purchased | -100 | 7.0 USD | American | 17/10/2025 |
| Common | Put Option | Purchased | -200 | 6.0 USD | American | 16/01/2026 |
| Common | Call Option | Purchased | 2,900 | 10.0 USD | American | 16/01/2026 |
| Common | Put Option | Purchased | -700 | 7.0 USD | American | 18/07/2025 |
| Common | Put Option | Purchased | -7,200 | 3.0 USD | American | 18/07/2025 |
| Common | Put Option | Purchased | -12,000 | 3.0 USD | American | 15/08/2025 |
| Common | Call Option | Purchased | 10,400 | 5.0 USD | American | 16/01/2026 |
| Common | Call Option | Purchased | 1,000 | 3.0 USD | American | 15/08/2025 |
| Common | Call Option | Purchased | 600,000 | 6.0 USD | American | 18/07/2025 |
| Common | Put Option | Purchased | -900 | 5.0 USD | American | 17/07/2026 |
| Common | Call Option | Purchased | 2,000 | 3.0 USD | American | 18/07/2025 |
| Common | Put Option | Purchased | -11,900 | 4.0 USD | American | 18/07/2025 |
| Common | Put Option | Purchased | -13,100 | 3.0 USD | American | 16/01/2026 |
| Common | Put Option | Purchased | -200 | 7.0 USD | American | 15/08/2025 |
| Common | Call Option | Purchased | 270,900 | 6.0 USD | American | 18/07/2025 |
| Common | Call Option | Sold | -1,500 | 4.0 USD | American | 16/01/2026 |
| Common | Put Option | Sold | 2,600 | 3.0 USD | American | 17/10/2025 |
| Common | Call Option | Sold | -100 | 2.0 USD | American | 17/07/2026 |
| Common | Call Option | Sold | -200 | 7.0 USD | American | 18/07/2025 |
| Common | Call Option | Sold | -700 | 12.0 USD | American | 16/01/2026 |
| Common | Call Option | Sold | -2,500 | 4.0 USD | American | 17/07/2026 |
| Common | Call Option | Sold | -37,000 | 5.0 USD | American | 17/07/2026 |
| Common | Put Option | Sold | 100 | 5.0 USD | American | 18/07/2025 |
| Common | Call Option | Sold | -2,000 | 3.0 USD | American | 17/10/2025 |
| Common | Call Option | Sold | -1,800 | 6.0 USD | American | 17/10/2025 |
| Common | Call Option | Sold | -103,000 | 5.0 USD | American | 17/10/2025 |
| Common | Call Option | Sold | -2,400 | 10.0 USD | American | 17/07/2026 |
| Common | Call Option | Sold | -300 | 3.0 USD | American | 17/07/2026 |
| Common | Put Option | Sold | 91,500 | 5.0 USD | American | 16/01/2026 |
| Common | Call Option | Sold | -161,200 | 6.0 USD | American | 16/01/2026 |
| Common | Call Option | Sold | -1,400 | 3.0 USD | American | 16/01/2026 |
| Common | Call Option | Sold | -651,200 | 5.0 USD | American | 18/07/2025 |
| Common | Call Option | Sold | -1,100 | 7.0 USD | American | 17/07/2026 |
| Common | Call Option | Sold | -9,500 | 4.0 USD | American | 18/07/2025 |
| Common | Call Option | Sold | -29,400 | 8.0 USD | American | 18/07/2025 |
| Common | Call Option | Sold | -118,200 | 7.0 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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