Citadel Group

Major Shareholding Notification • Nov 17, 2025

National Storage Mechanism | Additional information

RNS Number : 8508H

Citadel Group

17 November 2025

Ap27

FORM 8.3

IRISH TAKEOVER PANEL

OPENING POSITION DISCLOSURE/DEALING DISCLOSURE UNDER RULE 8.3 OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER

RULES, 2022 BY PERSONS WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

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	AVADEL PHARMACEUTICALS PLC
(d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree (Note 1)	N/A
(e)   Date position held/dealing undertaken For an opening position disclosure, state the latest practicable date prior to the disclosure	14 November 2025
(f)    In addition to the company in 1(c) above, is the discloser also making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state "N/A"	N/A

2.             INTERESTS AND SHORT POSITIONS

If there are interests and short positions to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2 for each additional class of relevant security.

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Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

(Note 2)

Class of relevant security (Note 3)	Common Stock ISIN IE00BDGMC594 $0.01 ordinary shares
	Interests		Short positions
Number	%	Number	%
(1)   Relevant securities owned and/or controlled	1,905,499	1.95	371,280	0.38
(2)   Cash-settled derivatives	0	0.00	0	0.00
(3)   Stock-settled derivatives (including options) and agreements to purchase/ sell	172,000	0.17	1,462,700	1.49
Total	2,077,499	2.12	1,833,980	1.87

All interests and all short positions should be disclosed.

Details of options including rights to subscribe for new securities and 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.

3.             DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE (Note 4)

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 (Note 5)
Common	Buy Transaction	200	21.6500 USD
Common	Buy Transaction	103	22.4000 USD
Common	Buy Transaction	100	22.4248 USD
Common	Buy Transaction	148	22.4813 USD
Common	Buy Transaction	29	22.5762 USD
Common	Buy Transaction	500	22.5900 USD
Common	Buy Transaction	67	22.7100 USD
Common	Buy Transaction	1,982	22.7535 USD
Common	Buy Transaction	298	22.7900 USD
Common	Buy Transaction	67	22.8200 USD
Common	Buy Transaction	100	22.8300 USD
Common	Buy Transaction	17	22.8553 USD
Common	Buy Transaction	1,000	22.8914 USD
Common	Buy Transaction	332	22.9000 USD
Common	Buy Transaction	150	22.9061 USD
Common	Buy Transaction	204	22.9100 USD
Common	Buy Transaction	10	22.9120 USD
Common	Buy Transaction	2,400	22.9151 USD
Common	Buy Transaction	402	22.9200 USD
Common	Buy Transaction	326	22.9250 USD
Common	Buy Transaction	100	22.9300 USD
Common	Buy Transaction	400	22.9400 USD
Common	Buy Transaction	2,200	22.9500 USD
Common	Buy Transaction	100	22.9550 USD
Common	Buy Transaction	300	22.9600 USD
Common	Buy Transaction	1,800	22.9645 USD
Common	Buy Transaction	100	22.9650 USD
Common	Buy Transaction	28,241	22.9659 USD
Common	Buy Transaction	1,402	22.9700 USD
Common	Buy Transaction	172	22.9712 USD
Common	Buy Transaction	67	22.9755 USD
Common	Buy Transaction	1,074	22.9800 USD
Common	Buy Transaction	2,904	22.9802 USD
Common	Buy Transaction	658	22.9823 USD
Common	Buy Transaction	10	22.9850 USD
Common	Buy Transaction	307	22.9894 USD
Common	Buy Transaction	1,401	22.9900 USD
Common	Buy Transaction	87,355	22.9909 USD
Common	Buy Transaction	500	22.9910 USD
Common	Buy Transaction	890	22.9950 USD
Common	Buy Transaction	1,576	22.9997 USD
Common	Buy Transaction	33	22.9997 USD
Common	Buy Transaction	2,600	23.0000 USD
Common	Buy Transaction	5,623	23.0018 USD
Common	Buy Transaction	202	23.0037 USD
Common	Buy Transaction	200	23.0050 USD
Common	Buy Transaction	2,704	23.0073 USD
Common	Buy Transaction	2,176	23.0089 USD
Common	Buy Transaction	2,373	23.0100 USD
Common	Buy Transaction	100	23.0150 USD
Common	Buy Transaction	12,244	23.0184 USD
Common	Buy Transaction	600	23.0200 USD
Common	Buy Transaction	1,000	23.0201 USD
Common	Buy Transaction	24,288	23.0205 USD
Common	Buy Transaction	16	23.0231 USD
Common	Buy Transaction	1,713	23.0235 USD
Common	Buy Transaction	37,049	23.0273 USD
Common	Buy Transaction	26,205	23.0295 USD
Common	Buy Transaction	100	23.0300 USD
Common	Buy Transaction	340	23.0350 USD
Common	Buy Transaction	327	23.0398 USD
Common	Buy Transaction	195	23.0400 USD
Common	Buy Transaction	1,744	23.0446 USD
Common	Buy Transaction	391	23.0465 USD
Common	Buy Transaction	9,392	23.0493 USD
Common	Buy Transaction	217	23.0522 USD
Common	Buy Transaction	418	23.0524 USD
Common	Buy Transaction	40	23.0532 USD
Common	Buy Transaction	303	23.0567 USD
Common	Buy Transaction	3,887	23.0592 USD
Common	Buy Transaction	3,202	23.0600 USD
Common	Buy Transaction	2	23.0650 USD
Common	Buy Transaction	1,777	23.0660 USD
Common	Buy Transaction	2,555	23.0667 USD
Common	Buy Transaction	1,439	23.0672 USD
Common	Buy Transaction	8,481	23.0694 USD
Common	Buy Transaction	32	23.0700 USD
Common	Buy Transaction	1,387	23.0732 USD
Common	Buy Transaction	2,450	23.0760 USD
Common	Buy Transaction	75	23.0893 USD
Common	Buy Transaction	15,531	23.0900 USD
Common	Buy Transaction	3,163	23.0901 USD
Common	Buy Transaction	2,673	23.0966 USD
Common	Buy Transaction	46	23.0972 USD
Common	Buy Transaction	331	23.0993 USD
Common	Buy Transaction	300	23.1000 USD
Common	Buy Transaction	4,136	23.1007 USD
Common	Buy Transaction	268	23.1021 USD
Common	Buy Transaction	732	23.1021 USD
Common	Buy Transaction	1,000	23.1053 USD
Common	Buy Transaction	754	23.1062 USD
Common	Buy Transaction	57	23.1100 USD
Common	Buy Transaction	500	23.1101 USD
Common	Buy Transaction	10	23.1150 USD
Common	Buy Transaction	8,535	23.1200 USD
Common	Buy Transaction	114	23.1226 USD
Common	Buy Transaction	100	23.1244 USD
Common	Buy Transaction	1	23.1300 USD
Common	Buy Transaction	8	23.1325 USD
Common	Buy Transaction	1,400	23.1336 USD
Common	Buy Transaction	3,298	23.1345 USD
Common	Buy Transaction	42	23.1350 USD
Common	Buy Transaction	49	23.1351 USD
Common	Buy Transaction	1,797	23.1392 USD
Common	Buy Transaction	3,079	23.1392 USD
Common	Buy Transaction	14,209	23.1401 USD
Common	Buy Transaction	5,862	23.1402 USD
Common	Buy Transaction	29	23.1410 USD
Common	Buy Transaction	3,300	23.1418 USD
Common	Buy Transaction	100	23.1421 USD
Common	Buy Transaction	1,579	23.1422 USD
Common	Buy Transaction	1,504	23.1424 USD
Common	Buy Transaction	49	23.1437 USD
Common	Buy Transaction	1,792	23.1454 USD
Common	Buy Transaction	3,347	23.1455 USD
Common	Buy Transaction	63	23.1463 USD
Common	Buy Transaction	5,908	23.1474 USD
Common	Buy Transaction	32,265	23.1487 USD
Common	Buy Transaction	620	23.1500 USD
Common	Buy Transaction	2,683	23.1530 USD
Common	Buy Transaction	10	23.1550 USD
Common	Buy Transaction	92,751	23.1572 USD
Common	Buy Transaction	7,650	23.1578 USD
Common	Buy Transaction	4,350	23.1585 USD
Common	Buy Transaction	252	23.1594 USD
Common	Buy Transaction	1,948	23.1603 USD
Common	Buy Transaction	104	23.1628 USD
Common	Buy Transaction	1,617	23.1674 USD
Common	Buy Transaction	1,800	23.1683 USD
Common	Buy Transaction	477	23.1699 USD
Common	Buy Transaction	4,458	23.1699 USD
Common	Buy Transaction	50	23.1700 USD
Common	Buy Transaction	1,500	23.1707 USD
Common	Buy Transaction	22,576	23.1708 USD
Common	Buy Transaction	6,528	23.1747 USD
Common	Buy Transaction	20,439	23.1780 USD
Common	Buy Transaction	6,825	23.1788 USD
Common	Buy Transaction	281	23.1788 USD
Common	Buy Transaction	12,306	23.1829 USD
Common	Buy Transaction	10	23.1830 USD
Common	Buy Transaction	8,475	23.1831 USD
Common	Buy Transaction	700	23.1850 USD
Common	Buy Transaction	4,351	23.1900 USD
Common	Buy Transaction	2	23.1900 USD
Common	Buy Transaction	322	23.1950 USD
Common	Buy Transaction	45,508	23.2060 USD
Common	Buy Transaction	3,406	23.2075 USD
Common	Buy Transaction	2,274	23.2082 USD
Common	Buy Transaction	1,881	23.2093 USD
Common	Buy Transaction	10,012	23.2107 USD
Common	Buy Transaction	10,014	23.2110 USD
Common	Buy Transaction	4,043	23.2117 USD
Common	Buy Transaction	1,821	23.2166 USD
Common	Buy Transaction	11	23.2173 USD
Common	Buy Transaction	214	23.2200 USD
Common	Buy Transaction	524	23.2210 USD
Common	Buy Transaction	10,751	23.2218 USD
Common	Buy Transaction	1,000	23.2230 USD
Common	Buy Transaction	38,703	23.2241 USD
Common	Buy Transaction	250	23.2260 USD
Common	Buy Transaction	18,332	23.2279 USD
Common	Buy Transaction	348	23.2320 USD
Common	Buy Transaction	1,943	23.2326 USD
Common	Buy Transaction	2,100	23.2348 USD
Common	Buy Transaction	6	23.2350 USD
Common	Buy Transaction	7,852	23.2354 USD
Common	Buy Transaction	1,568	23.2361 USD
Common	Buy Transaction	12,985	23.2500 USD
Common	Buy Transaction	5,524	23.2514 USD
Common	Buy Transaction	600	23.2517 USD
Common	Buy Transaction	4	23.2525 USD
Common	Buy Transaction	2,754	23.2539 USD
Common	Buy Transaction	27	23.2548 USD
Common	Buy Transaction	100	23.2550 USD
Common	Buy Transaction	3,831	23.2600 USD
Common	Buy Transaction	500	23.2610 USD
Common	Buy Transaction	144	23.2622 USD
Common	Buy Transaction	864	23.2644 USD
Common	Buy Transaction	38,728	23.2647 USD
Common	Buy Transaction	11,960	23.2648 USD
Common	Buy Transaction	9,700	23.2666 USD
Common	Buy Transaction	1,094	23.2699 USD
Common	Buy Transaction	50	23.2700 USD
Common	Buy Transaction	5,814	23.2707 USD
Common	Buy Transaction	15,447	23.2708 USD
Common	Buy Transaction	45,494	23.2755 USD
Common	Buy Transaction	560	23.2779 USD
Common	Buy Transaction	2	23.2800 USD
Common	Buy Transaction	462	23.2814 USD
Common	Buy Transaction	5,474	23.2828 USD
Common	Buy Transaction	50	23.2860 USD
Common	Buy Transaction	149	23.2866 USD
Common	Buy Transaction	1,340	23.2880 USD
Common	Buy Transaction	489	23.2888 USD
Common	Buy Transaction	800	23.2900 USD
Common	Buy Transaction	800	23.2925 USD
Common	Buy Transaction	10	23.2940 USD
Common	Buy Transaction	5	23.2960 USD
Common	Buy Transaction	2,676	23.2966 USD
Common	Buy Transaction	4,637	23.3000 USD
Common	Buy Transaction	11	23.3027 USD
Common	Buy Transaction	870	23.3086 USD
Common	Buy Transaction	550	23.3086 USD
Common	Buy Transaction	222	23.3087 USD
Common	Buy Transaction	4,880	23.3092 USD
Common	Buy Transaction	1,500	23.3100 USD
Common	Buy Transaction	55	23.3115 USD
Common	Buy Transaction	500	23.3150 USD
Common	Buy Transaction	1,743	23.3162 USD
Common	Buy Transaction	400	23.3175 USD
Common	Buy Transaction	500	23.3180 USD
Common	Buy Transaction	1,162	23.3196 USD
Common	Buy Transaction	30	23.3200 USD
Common	Buy Transaction	3,400	23.3215 USD
Common	Buy Transaction	11,494	23.3249 USD
Common	Buy Transaction	3,563	23.3268 USD
Common	Buy Transaction	1,016	23.3300 USD
Common	Buy Transaction	1,500	23.3327 USD
Common	Buy Transaction	227	23.3340 USD
Common	Buy Transaction	1,373	23.3350 USD
Common	Buy Transaction	849	23.3350 USD
Common	Buy Transaction	77	23.3351 USD
Common	Buy Transaction	350	23.3357 USD
Common	Buy Transaction	5,183	23.3387 USD
Common	Buy Transaction	955	23.3394 USD
Common	Buy Transaction	216	23.3400 USD
Common	Buy Transaction	200	23.3400 USD
Common	Buy Transaction	30	23.3430 USD
Common	Buy Transaction	300	23.3433 USD
Common	Buy Transaction	3,929	23.3434 USD
Common	Buy Transaction	20	23.3450 USD
Common	Buy Transaction	500	23.3460 USD
Common	Buy Transaction	72	23.3461 USD
Common	Buy Transaction	2,520	23.3476 USD
Common	Buy Transaction	5,868	23.3490 USD
Common	Buy Transaction	1,300	23.3497 USD
Common	Buy Transaction	2,700	23.3500 USD
Common	Buy Transaction	70	23.3501 USD
Common	Buy Transaction	100	23.3512 USD
Common	Buy Transaction	233	23.3546 USD
Common	Buy Transaction	1,800	23.3550 USD
Common	Buy Transaction	703	23.3550 USD
Common	Buy Transaction	177	23.3550 USD
Common	Buy Transaction	2,314	23.3600 USD
Common	Buy Transaction	1,400	23.3607 USD
Common	Buy Transaction	5,842	23.3620 USD
Common	Buy Transaction	1,700	23.3622 USD
Common	Buy Transaction	2,500	23.3631 USD
Common	Buy Transaction	120	23.3633 USD
Common	Buy Transaction	1,300	23.3650 USD
Common	Buy Transaction	5,700	23.3651 USD
Common	Buy Transaction	11	23.3655 USD
Common	Buy Transaction	163	23.3672 USD
Common	Buy Transaction	96	23.3693 USD
Common	Buy Transaction	55	23.3698 USD
Common	Buy Transaction	153	23.3699 USD
Common	Buy Transaction	355	23.3700 USD
Common	Buy Transaction	111	23.3702 USD
Common	Buy Transaction	1,205	23.3716 USD
Common	Buy Transaction	8	23.3725 USD
Common	Buy Transaction	3	23.3733 USD
Common	Buy Transaction	3,100	23.3750 USD
Common	Buy Transaction	142	23.3800 USD
Common	Buy Transaction	1,082	23.3822 USD
Common	Buy Transaction	25	23.3844 USD
Common	Buy Transaction	203	23.3900 USD
Common	Buy Transaction	2,838	23.3913 USD
Common	Buy Transaction	6,400	23.3950 USD
Common	Buy Transaction	300	23.3967 USD
Common	Buy Transaction	186	23.3979 USD
Common	Buy Transaction	201	23.4000 USD
Common	Buy Transaction	47,964	23.4030 USD
Common	Buy Transaction	1,001	23.4200 USD
Common	Buy Transaction	7,800	23.4224 USD
Common	Buy Transaction	337	23.4400 USD
Common	Buy Transaction	354	23.4425 USD
Common	Buy Transaction	102	23.4813 USD
Common	Buy Transaction	98	23.4813 USD
Common	Buy Transaction	4	23.4900 USD
Common	Buy Transaction	136	23.4950 USD
Common	Buy Transaction	275	23.5000 USD
Common	Buy Transaction	284	23.5030 USD
Common	Buy Transaction	2	23.5100 USD
Common	Buy Transaction	371	23.5400 USD
Common	Buy Transaction	58,736	23.5600 USD
Common	Buy Transaction	50	23.9700 USD
Common	Sell Transaction	200	21.1900 USD
Common	Sell Transaction	30	22.3400 USD
Common	Sell Transaction	5	22.5000 USD
Common	Sell Transaction	513	22.6026 USD
Common	Sell Transaction	6	22.6850 USD
Common	Sell Transaction	300	22.7667 USD
Common	Sell Transaction	54	22.7928 USD
Common	Sell Transaction	100	22.8450 USD
Common	Sell Transaction	3,900	22.8500 USD
Common	Sell Transaction	140	22.8709 USD
Common	Sell Transaction	100	22.8890 USD
Common	Sell Transaction	157	22.8900 USD
Common	Sell Transaction	19	22.9000 USD
Common	Sell Transaction	301	22.9165 USD
Common	Sell Transaction	2	22.9200 USD
Common	Sell Transaction	125,000	22.9214 USD
Common	Sell Transaction	5	22.9260 USD
Common	Sell Transaction	2,466	22.9261 USD
Common	Sell Transaction	195	22.9271 USD
Common	Sell Transaction	29,200	22.9342 USD
Common	Sell Transaction	3	22.9400 USD
Common	Sell Transaction	10,800	22.9455 USD
Common	Sell Transaction	201	22.9500 USD
Common	Sell Transaction	460	22.9504 USD
Common	Sell Transaction	5,300	22.9532 USD
Common	Sell Transaction	21,400	22.9539 USD
Common	Sell Transaction	316	22.9550 USD
Common	Sell Transaction	10	22.9570 USD
Common	Sell Transaction	4,131	22.9645 USD
Common	Sell Transaction	204	22.9650 USD
Common	Sell Transaction	175	22.9665 USD
Common	Sell Transaction	1,000	22.9690 USD
Common	Sell Transaction	300	22.9767 USD
Common	Sell Transaction	1,720	22.9794 USD
Common	Sell Transaction	2,687	22.9807 USD
Common	Sell Transaction	600	22.9833 USD
Common	Sell Transaction	114	22.9900 USD
Common	Sell Transaction	1,343	22.9908 USD
Common	Sell Transaction	517	22.9938 USD
Common	Sell Transaction	50	22.9968 USD
Common	Sell Transaction	400	23.0000 USD
Common	Sell Transaction	822	23.0100 USD
Common	Sell Transaction	3,454	23.0286 USD
Common	Sell Transaction	180	23.0289 USD
Common	Sell Transaction	5,470	23.0322 USD
Common	Sell Transaction	15	23.0333 USD
Common	Sell Transaction	6,863	23.0335 USD
Common	Sell Transaction	3,719	23.0406 USD
Common	Sell Transaction	958	23.0482 USD
Common	Sell Transaction	5,704	23.0483 USD
Common	Sell Transaction	700	23.0500 USD
Common	Sell Transaction	107	23.0520 USD
Common	Sell Transaction	10	23.0550 USD
Common	Sell Transaction	130	23.0562 USD
Common	Sell Transaction	40	23.0600 USD
Common	Sell Transaction	79	23.0651 USD
Common	Sell Transaction	1,439	23.0659 USD
Common	Sell Transaction	2,158	23.0678 USD
Common	Sell Transaction	521	23.0740 USD
Common	Sell Transaction	82	23.0740 USD
Common	Sell Transaction	2,200	23.0761 USD
Common	Sell Transaction	100	23.0779 USD
Common	Sell Transaction	365	23.0818 USD
Common	Sell Transaction	36	23.0850 USD
Common	Sell Transaction	5	23.0860 USD
Common	Sell Transaction	660	23.0883 USD
Common	Sell Transaction	1	23.0900 USD
Common	Sell Transaction	558	23.0950 USD
Common	Sell Transaction	710	23.1000 USD
Common	Sell Transaction	1,656	23.1050 USD
Common	Sell Transaction	6,017	23.1053 USD
Common	Sell Transaction	15	23.1053 USD
Common	Sell Transaction	16	23.1062 USD
Common	Sell Transaction	2,520	23.1100 USD
Common	Sell Transaction	11,226	23.1132 USD
Common	Sell Transaction	1,900	23.1150 USD
Common	Sell Transaction	400	23.1175 USD
Common	Sell Transaction	8,530	23.1180 USD
Common	Sell Transaction	1,002	23.1200 USD
Common	Sell Transaction	1,412	23.1209 USD
Common	Sell Transaction	336	23.1246 USD
Common	Sell Transaction	83	23.1251 USD
Common	Sell Transaction	2,029	23.1252 USD
Common	Sell Transaction	70	23.1264 USD
Common	Sell Transaction	37	23.1324 USD
Common	Sell Transaction	600	23.1350 USD
Common	Sell Transaction	402	23.1374 USD
Common	Sell Transaction	1,443	23.1377 USD
Common	Sell Transaction	101	23.1400 USD
Common	Sell Transaction	4,550	23.1408 USD
Common	Sell Transaction	3,562	23.1424 USD
Common	Sell Transaction	1,680	23.1499 USD
Common	Sell Transaction	720	23.1499 USD
Common	Sell Transaction	225	23.1500 USD
Common	Sell Transaction	2,509	23.1511 USD
Common	Sell Transaction	100	23.1550 USD
Common	Sell Transaction	97	23.1551 USD
Common	Sell Transaction	19,814	23.1568 USD
Common	Sell Transaction	9,717	23.1569 USD
Common	Sell Transaction	1	23.1600 USD
Common	Sell Transaction	133	23.1617 USD
Common	Sell Transaction	231	23.1676 USD
Common	Sell Transaction	2,921	23.1696 USD
Common	Sell Transaction	249	23.1698 USD
Common	Sell Transaction	30	23.1700 USD
Common	Sell Transaction	16,305	23.1736 USD
Common	Sell Transaction	4,297	23.1754 USD
Common	Sell Transaction	3,143	23.1782 USD
Common	Sell Transaction	15,921	23.1792 USD
Common	Sell Transaction	17,869	23.1811 USD
Common	Sell Transaction	2,232	23.1819 USD
Common	Sell Transaction	1,600	23.1823 USD
Common	Sell Transaction	5,031	23.1829 USD
Common	Sell Transaction	2,227	23.1840 USD
Common	Sell Transaction	4,308	23.1841 USD
Common	Sell Transaction	1,964	23.1850 USD
Common	Sell Transaction	38,911	23.1851 USD
Common	Sell Transaction	3,798	23.1871 USD
Common	Sell Transaction	3,559	23.1940 USD
Common	Sell Transaction	624	23.1942 USD
Common	Sell Transaction	100	23.1950 USD
Common	Sell Transaction	19,403	23.1976 USD
Common	Sell Transaction	14,139	23.1980 USD
Common	Sell Transaction	8,363	23.1983 USD
Common	Sell Transaction	807	23.2000 USD
Common	Sell Transaction	629	23.2008 USD
Common	Sell Transaction	10,442	23.2031 USD
Common	Sell Transaction	1,500	23.2050 USD
Common	Sell Transaction	8,110	23.2100 USD
Common	Sell Transaction	701	23.2100 USD
Common	Sell Transaction	2,800	23.2111 USD
Common	Sell Transaction	15,825	23.2147 USD
Common	Sell Transaction	34,047	23.2169 USD
Common	Sell Transaction	11,344	23.2190 USD
Common	Sell Transaction	1,141	23.2194 USD
Common	Sell Transaction	105	23.2200 USD
Common	Sell Transaction	12,720	23.2217 USD
Common	Sell Transaction	2,272	23.2241 USD
Common	Sell Transaction	500	23.2257 USD
Common	Sell Transaction	1,229	23.2261 USD
Common	Sell Transaction	1,615	23.2266 USD
Common	Sell Transaction	9	23.2267 USD
Common	Sell Transaction	10,733	23.2296 USD
Common	Sell Transaction	2,100	23.2300 USD
Common	Sell Transaction	13,960	23.2307 USD
Common	Sell Transaction	1,029	23.2320 USD
Common	Sell Transaction	800	23.2338 USD
Common	Sell Transaction	4,109	23.2366 USD
Common	Sell Transaction	2,311	23.2379 USD
Common	Sell Transaction	1,600	23.2397 USD
Common	Sell Transaction	3,100	23.2416 USD
Common	Sell Transaction	42	23.2455 USD
Common	Sell Transaction	852	23.2500 USD
Common	Sell Transaction	517	23.2521 USD
Common	Sell Transaction	2,754	23.2539 USD
Common	Sell Transaction	4,932	23.2549 USD
Common	Sell Transaction	4,278	23.2567 USD
Common	Sell Transaction	49,274	23.2569 USD
Common	Sell Transaction	8,060	23.2575 USD
Common	Sell Transaction	4,189	23.2576 USD
Common	Sell Transaction	511	23.2600 USD
Common	Sell Transaction	43,983	23.2618 USD
Common	Sell Transaction	6,497	23.2652 USD
Common	Sell Transaction	35	23.2666 USD
Common	Sell Transaction	339	23.2666 USD
Common	Sell Transaction	290	23.2678 USD
Common	Sell Transaction	493	23.2689 USD
Common	Sell Transaction	13	23.2692 USD
Common	Sell Transaction	50	23.2700 USD
Common	Sell Transaction	270	23.2707 USD
Common	Sell Transaction	15,447	23.2708 USD
Common	Sell Transaction	1,117	23.2743 USD
Common	Sell Transaction	1,804	23.2765 USD
Common	Sell Transaction	917	23.2774 USD
Common	Sell Transaction	625	23.2794 USD
Common	Sell Transaction	1,560	23.2798 USD
Common	Sell Transaction	1,586	23.2800 USD
Common	Sell Transaction	3,867	23.2812 USD
Common	Sell Transaction	203	23.2831 USD
Common	Sell Transaction	58	23.2840 USD
Common	Sell Transaction	7,651	23.2852 USD
Common	Sell Transaction	1,110	23.2900 USD
Common	Sell Transaction	630	23.2943 USD
Common	Sell Transaction	500	23.2950 USD
Common	Sell Transaction	1,100	23.2955 USD
Common	Sell Transaction	16,304	23.2957 USD
Common	Sell Transaction	388	23.2963 USD
Common	Sell Transaction	612	23.2985 USD
Common	Sell Transaction	7,382	23.2994 USD
Common	Sell Transaction	2,410	23.3000 USD
Common	Sell Transaction	845	23.3022 USD
Common	Sell Transaction	2,242	23.3036 USD
Common	Sell Transaction	10,000	23.3050 USD
Common	Sell Transaction	16	23.3062 USD
Common	Sell Transaction	31	23.3077 USD
Common	Sell Transaction	413	23.3105 USD
Common	Sell Transaction	150	23.3167 USD
Common	Sell Transaction	1,327	23.3182 USD
Common	Sell Transaction	200	23.3200 USD
Common	Sell Transaction	1,216	23.3211 USD
Common	Sell Transaction	1,864	23.3251 USD
Common	Sell Transaction	1,899	23.3284 USD
Common	Sell Transaction	387	23.3300 USD
Common	Sell Transaction	1,519	23.3314 USD
Common	Sell Transaction	704	23.3315 USD
Common	Sell Transaction	3	23.3367 USD
Common	Sell Transaction	243	23.3400 USD
Common	Sell Transaction	586	23.3436 USD
Common	Sell Transaction	100	23.3450 USD
Common	Sell Transaction	73	23.3482 USD
Common	Sell Transaction	5,769	23.3500 USD
Common	Sell Transaction	87	23.3510 USD
Common	Sell Transaction	1,175	23.3533 USD
Common	Sell Transaction	1,784	23.3539 USD
Common	Sell Transaction	102	23.3550 USD
Common	Sell Transaction	1,520	23.3562 USD
Common	Sell Transaction	50	23.3568 USD
Common	Sell Transaction	1	23.3600 USD
Common	Sell Transaction	3,200	23.3622 USD
Common	Sell Transaction	2,500	23.3631 USD
Common	Sell Transaction	3,400	23.3650 USD
Common	Sell Transaction	250	23.3650 USD
Common	Sell Transaction	27	23.3659 USD
Common	Sell Transaction	166	23.3700 USD
Common	Sell Transaction	314	23.3710 USD
Common	Sell Transaction	744	23.3719 USD
Common	Sell Transaction	910	23.3728 USD
Common	Sell Transaction	1,842	23.3750 USD
Common	Sell Transaction	1,100	23.3764 USD
Common	Sell Transaction	80	23.3768 USD
Common	Sell Transaction	215	23.3772 USD
Common	Sell Transaction	82	23.3800 USD
Common	Sell Transaction	27	23.3826 USD
Common	Sell Transaction	72	23.3872 USD
Common	Sell Transaction	180	23.3894 USD
Common	Sell Transaction	31	23.3900 USD
Common	Sell Transaction	100	23.3950 USD
Common	Sell Transaction	30	23.3970 USD
Common	Sell Transaction	1	23.4000 USD
Common	Sell Transaction	231	23.4100 USD
Common	Sell Transaction	20	23.4150 USD
Common	Sell Transaction	800	23.4163 USD
Common	Sell Transaction	183	23.4229 USD
Common	Sell Transaction	100	23.4250 USD
Common	Sell Transaction	826	23.4268 USD
Common	Sell Transaction	79	23.4275 USD
Common	Sell Transaction	1	23.4300 USD
Common	Sell Transaction	888	23.4524 USD
Common	Sell Transaction	1,519	23.4530 USD
Common	Sell Transaction	361	23.4535 USD
Common	Sell Transaction	1,500	23.4537 USD
Common	Sell Transaction	25	23.4600 USD
Common	Sell Transaction	500	23.4684 USD
Common	Sell Transaction	629	23.4685 USD
Common	Sell Transaction	990	23.4696 USD
Common	Sell Transaction	1,381	23.4702 USD
Common	Sell Transaction	807	23.4795 USD
Common	Sell Transaction	250	23.4830 USD
Common	Sell Transaction	384	23.4838 USD
Common	Sell Transaction	800	23.4850 USD
Common	Sell Transaction	110	23.4855 USD
Common	Sell Transaction	401	23.4900 USD
Common	Sell Transaction	3	23.4933 USD
Common	Sell Transaction	416	23.4950 USD
Common	Sell Transaction	10	23.4970 USD
Common	Sell Transaction	85	23.4981 USD
Common	Sell Transaction	1,784	23.4992 USD
Common	Sell Transaction	1,027	23.5000 USD
Common	Sell Transaction	32,933	23.5001 USD
Common	Sell Transaction	1,585	23.5003 USD
Common	Sell Transaction	144	23.5010 USD
Common	Sell Transaction	200	23.5060 USD
Common	Sell Transaction	70	23.5100 USD
Common	Sell Transaction	62	23.5150 USD
Common	Sell Transaction	17,067	23.5159 USD
Common	Sell Transaction	181	23.5200 USD
Common	Sell Transaction	40	23.5275 USD
Common	Sell Transaction	7	23.5300 USD
Common	Sell Transaction	28,241	23.5318 USD
Common	Sell Transaction	300	23.5350 USD
Common	Sell Transaction	42	23.5352 USD
Common	Sell Transaction	586	23.5365 USD
Common	Sell Transaction	199	23.5382 USD
Common	Sell Transaction	702	23.5399 USD
Common	Sell Transaction	978	23.5400 USD
Common	Sell Transaction	14	23.5464 USD
Common	Sell Transaction	100	23.5500 USD
Common	Sell Transaction	1	23.5550 USD
Common	Sell Transaction	3	23.5567 USD
Common	Sell Transaction	50	23.5598 USD
Common	Sell Transaction	59,486	23.5600 USD
Common	Sell Transaction	57	23.5650 USD
Common	Sell Transaction	688	23.6065 USD
Common	Sell Transaction	10	23.6310 USD
Common	Sell Transaction	3	23.6500 USD
Common	Sell Transaction	1	23.7300 USD

Ap29

(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 (Note 6)	Price per unit (Note 5)

(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 (Note 6)	Exercise price per unit	Type e.g. American, European etc.	Expiry date	Option money paid/ received per unit
Common	Call Option	Buy Transaction	1,000	22.5000 USD	American	2025-11-21	1.0000 USD
Common	Call Option	Buy Transaction	100	22.5000 USD	American	2025-12-19	1.0300 USD
Common	Call Option	Buy Transaction	2,400	22.5000 USD	American	2025-11-21	1.0600 USD
Common	Call Option	Buy Transaction	100	22.5000 USD	American	2025-11-21	1.1100 USD
Common	Call Option	Buy Transaction	500	20.0000 USD	American	2025-11-21	1.8000 USD
Common	Call Option	Buy Transaction	2,100	20.0000 USD	American	2025-11-21	2.8000 USD
Common	Call Option	Buy Transaction	1,200	20.0000 USD	American	2025-11-21	3.1000 USD
Common	Call Option	Buy Transaction	100	20.0000 USD	American	2025-11-21	3.1200 USD
Common	Call Option	Buy Transaction	6,000	20.0000 USD	American	2026-01-16	3.1900 USD
Common	Call Option	Buy Transaction	100	20.0000 USD	American	2025-12-19	3.3000 USD
Common	Call Option	Buy Transaction	600	20.0000 USD	American	2026-01-16	3.3500 USD
Common	Call Option	Buy Transaction	100	20.0000 USD	American	2025-11-21	3.4200 USD
Common	Call Option	Buy Transaction	200	20.0000 USD	American	2025-11-21	3.5000 USD
Common	Call Option	Buy Transaction	1,500	20.0000 USD	American	2026-01-16	3.6000 USD
Common	Call Option	Buy Transaction	400	20.0000 USD	American	2027-01-15	3.6800 USD
Common	Call Option	Buy Transaction	400	20.0000 USD	American	2027-01-15	3.7000 USD
Common	Call Option	Buy Transaction	1,100	17.5000 USD	American	2025-12-19	5.6000 USD
Common	Call Option	Buy Transaction	200	17.5000 USD	American	2025-11-21	5.7000 USD
Common	Call Option	Buy Transaction	500	17.5000 USD	American	2025-12-19	5.7500 USD
Common	Call Option	Buy Transaction	100	17.5000 USD	American	2026-03-20	5.7500 USD
Common	Call Option	Buy Transaction	100	17.5000 USD	American	2025-12-19	5.9200 USD
Common	Call Option	Buy Transaction	100	15.0000 USD	American	2025-12-19	8.3000 USD
Common	Call Option	Buy Transaction	200	15.0000 USD	American	2025-12-19	8.3100 USD
Common	Call Option	Buy Transaction	700	15.0000 USD	American	2025-12-19	8.3200 USD
Common	Call Option	Buy Transaction	500	15.0000 USD	American	2025-12-19	8.3300 USD
Common	Call Option	Buy Transaction	800	10.0000 USD	American	2026-01-16	13.5000 USD
Common	Call Option	Buy Transaction	500	7.5000 USD	American	2027-01-15	15.4500 USD
Common	Call Option	Buy Transaction	500	5.0000 USD	American	2027-01-15	18.0700 USD
Common	Call Option	Sell Transaction	4,600	25.0000 USD	American	2025-11-21	0.0800 USD
Common	Call Option	Sell Transaction	1,200	25.0000 USD	American	2025-11-21	0.1400 USD
Common	Call Option	Sell Transaction	100	25.0000 USD	American	2025-11-21	0.1500 USD
Common	Call Option	Sell Transaction	100	25.0000 USD	American	2025-12-19	0.3000 USD
Common	Call Option	Sell Transaction	100	30.0000 USD	American	2025-12-19	0.7500 USD
Common	Call Option	Sell Transaction	200	22.5000 USD	American	2025-11-21	0.9000 USD
Common	Call Option	Sell Transaction	100	25.0000 USD	American	2025-11-21	1.1000 USD
Common	Call Option	Sell Transaction	100	22.5000 USD	American	2026-01-16	1.3600 USD
Common	Call Option	Sell Transaction	2,300	20.0000 USD	American	2026-01-16	3.3000 USD
Common	Call Option	Sell Transaction	600	20.0000 USD	American	2025-11-21	3.5000 USD
Common	Call Option	Sell Transaction	400	20.0000 USD	American	2025-12-19	3.8000 USD
Common	Call Option	Sell Transaction	100	15.0000 USD	American	2025-11-21	8.4000 USD

(ii)           Exercise

Class of relevant security	Product description e.g. call option	Exercising/ exercised against	Number of securities	Exercise price per unit (Note 5)

(d)           Other dealings (including transactions in respect of new securities) (Note 3)

Class of relevant security	Nature of dealing e.g. subscription, conversion, exercise	Details	Price per unit (if applicable) (Note 5)

Ap30

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

Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced. If none, this should be stated.
None

(c)           Attachments

Is a Supplemental Form 8 attached?	YES

Date of disclosure	17 November 2025
Contact name	Paula Santos
Telephone number	020 7645 9700

Public disclosures under Rule 8.3 of the Rules must be made to a Regulatory Information Service.

Ap32

SUPPLEMENTAL FORM 8

IRISH TAKEOVER PANEL

DISCLOSURE UNDER RULE 8.1, RULE 8.3, RULE 38.5(b) AND

RULE 38.6 OF THE IRISH TAKEOVER PANEL ACT, 1997,

TAKEOVER RULES, 2022

DETAILS OF OPEN STOCK-SETTLED DERIVATIVE (INCLUDING

OPTION) POSITIONS, AGREEMENTS TO PURCHASE OR SELL AND

RIGHTS TO SUBSCRIBE FOR NEW SECURITIES

1.             KEY INFORMATION

Full name of person making disclosure:	Citadel Group
Name of offeror/offeree in relation to whose relevant securities the disclosure relates:	AVADEL PHARMACEUTICALS PLC

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	-2,900	7.5 USD	American	19/12/2025
Common	Call Option	Purchased	5,100	15.0 USD	American	15/01/2027
Common	Call Option	Purchased	0	25.0 USD	American	20/03/2026
Common	Call Option	Purchased	5,600	12.5 USD	American	15/01/2027
Common	Call Option	Purchased	5,800	22.5 USD	American	15/01/2027
Common	Put Option	Purchased	-200	17.5 USD	American	20/03/2026
Common	Put Option	Purchased	-4,600	12.5 USD	American	21/11/2025
Common	Put Option	Purchased	0	12.5 USD	American	15/01/2027
Common	Put Option	Purchased	-300	15.0 USD	American	21/11/2025
Common	Put Option	Purchased	-45,000	10.0 USD	American	16/01/2026
Common	Call Option	Purchased	0	5.0 USD	American	16/01/2026
Common	Put Option	Purchased	0	20.0 USD	American	21/11/2025
Common	Put Option	Purchased	-1,000	17.5 USD	American	18/06/2026
Common	Call Option	Purchased	3,100	25.0 USD	American	15/01/2027
Common	Call Option	Purchased	7,200	7.5 USD	American	21/11/2025
Common	Call Option	Purchased	900	7.5 USD	American	19/12/2025
Common	Call Option	Purchased	2,200	20.0 USD	American	18/06/2026
Common	Put Option	Purchased	-4,700	15.0 USD	American	19/12/2025
Common	Put Option	Purchased	-100	20.0 USD	American	18/06/2026
Common	Put Option	Purchased	-60,700	15.0 USD	American	16/01/2026
Common	Put Option	Purchased	0	10.0 USD	American	20/03/2026
Common	Put Option	Purchased	-3,800	15.0 USD	American	20/03/2026
Common	Put Option	Purchased	-100	7.5 USD	American	20/03/2026
Common	Call Option	Purchased	24,200	22.5 USD	American	20/03/2026
Common	Put Option	Purchased	-100	15.0 USD	American	15/01/2027
Common	Call Option	Purchased	100	22.5 USD	American	16/01/2026
Common	Put Option	Purchased	-1,000	25.0 USD	American	20/03/2026
Common	Put Option	Purchased	-3,100	12.5 USD	American	20/03/2026
Common	Call Option	Sold	-150,600	15.0 USD	American	16/01/2026
Common	Call Option	Sold	-100	20.0 USD	American	15/01/2027
Common	Call Option	Sold	-200	25.0 USD	American	19/12/2025
Common	Call Option	Sold	-46,200	20.0 USD	American	16/01/2026
Common	Call Option	Sold	-100	30.0 USD	American	19/12/2025
Common	Call Option	Sold	-4,300	22.5 USD	American	19/12/2025
Common	Put Option	Sold	4,400	17.5 USD	American	16/01/2026
Common	Call Option	Sold	-175,600	20.0 USD	American	21/11/2025
Common	Put Option	Sold	5,400	12.5 USD	American	16/01/2026
Common	Call Option	Sold	-5,100	10.0 USD	American	19/12/2025
Common	Call Option	Sold	-5,800	25.0 USD	American	21/11/2025
Common	Call Option	Sold	-1,700	25.0 USD	American	16/01/2026
Common	Call Option	Sold	-1,700	30.0 USD	American	21/11/2025
Common	Put Option	Sold	8,200	10.0 USD	American	19/12/2025
Common	Call Option	Sold	-13,500	10.0 USD	American	15/01/2027
Common	Call Option	Sold	-10,200	7.5 USD	American	15/01/2027
Common	Call Option	Sold	-1,800	17.5 USD	American	16/01/2026
Common	Call Option	Sold	-34,200	5.0 USD	American	15/01/2027
Common	Call Option	Sold	-10,000	17.5 USD	American	20/03/2026
Common	Call Option	Sold	-65,900	12.5 USD	American	16/01/2026
Common	Call Option	Sold	-30,000	15.0 USD	American	20/03/2026
Common	Call Option	Sold	-50,500	15.0 USD	American	19/12/2025
Common	Call Option	Sold	-227,000	17.5 USD	American	21/11/2025
Common	Put Option	Sold	1,900	17.5 USD	American	19/12/2025
Common	Put Option	Sold	59,000	5.0 USD	American	16/01/2026
Common	Call Option	Sold	-4,700	20.0 USD	American	19/12/2025
Common	Put Option	Sold	11,900	17.5 USD	American	21/11/2025
Common	Call Option	Sold	-5,400	20.0 USD	American	20/03/2026
Common	Call Option	Sold	-183,200	10.0 USD	American	16/01/2026
Common	Call Option	Sold	-219,200	12.5 USD	American	21/11/2025
Common	Call Option	Sold	-2,100	12.5 USD	American	20/03/2026
Common	Call Option	Sold	-100	35.0 USD	American	16/01/2026
Common	Call Option	Sold	-4,800	17.5 USD	American	15/01/2027
Common	Call Option	Sold	-2,600	30.0 USD	American	16/01/2026
Common	Call Option	Sold	-6,200	12.5 USD	American	19/12/2025
Common	Put Option	Sold	24,900	7.5 USD	American	16/01/2026
Common	Put Option	Sold	100	10.0 USD	American	21/11/2025
Common	Call Option	Sold	-31,800	17.5 USD	American	19/12/2025
Common	Put Option	Sold	1,600	12.5 USD	American	19/12/2025
Common	Call Option	Sold	-30,800	15.0 USD	American	21/11/2025
Common	Put Option	Sold	400	20.0 USD	American	20/03/2026
Common	Call Option	Sold	-9,600	7.5 USD	American	16/01/2026
Common	Call Option	Sold	-100	22.5 USD	American	21/11/2025

3.             AGREEMENTS TO PURCHASE OR SELL

Full details should be given so that the nature of the interest or position can be fully understood:

Ap33

4.             RIGHTS TO SUBSCRIBE FOR NEW SECURITIES (INCLUDING DIRECTORS' AND OTHER EMPLOYEE OPTIONS)

Class of relevant security in relation to which subscription right exists:
Details, including nature of the rights concerned and relevant percentages:

It is not necessary to provide details on a Supplemental Form with regard to cash-settled derivatives.

The currency of all prices and other monetary amounts should be stated.

For full details of disclosure requirements, see Rule 8 of the Rules. If in doubt, consult the Panel.

References in these notes to "the Rules" are to the Irish Takeover Panel Act, 1997, Takeover Rules, 2022.

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