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 March 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:
|
1,203,443
|
1.02
|
638,304
|
0.54
|
|
(2)
Cash-settled derivatives:
|
0
|
0.00
|
0
|
0.00
|
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
748,100
|
0.63
|
600,000
|
0.51
|
|
TOTAL:
|
1,951,543
|
1.65
|
1,238,304
|
1.05
|
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
|
26
|
4.4700
USD
|
|
Common
|
Buy
Transaction
|
7
|
4.4943
USD
|
|
Common
|
Buy
Transaction
|
510
|
4.4950
USD
|
|
Common
|
Buy
Transaction
|
124
|
4.4959
USD
|
|
Common
|
Buy
Transaction
|
4
|
4.4975
USD
|
|
Common
|
Buy
Transaction
|
56
|
4.4984
USD
|
|
Common
|
Buy
Transaction
|
101
|
4.5000
USD
|
|
Common
|
Buy
Transaction
|
117
|
4.5005
USD
|
|
Common
|
Buy
Transaction
|
20
|
4.5010
USD
|
|
Common
|
Buy
Transaction
|
462
|
4.5017
USD
|
|
Common
|
Buy
Transaction
|
77
|
4.5018
USD
|
|
Common
|
Buy
Transaction
|
12
|
4.5033
USD
|
|
Common
|
Buy
Transaction
|
32
|
4.5036
USD
|
|
Common
|
Buy
Transaction
|
99
|
4.5036
USD
|
|
Common
|
Buy
Transaction
|
7,268
|
4.5045
USD
|
|
Common
|
Buy
Transaction
|
23
|
4.5048
USD
|
|
Common
|
Buy
Transaction
|
12
|
4.5050
USD
|
|
Common
|
Buy
Transaction
|
601
|
4.5052
USD
|
|
Common
|
Buy
Transaction
|
232
|
4.5066
USD
|
|
Common
|
Buy
Transaction
|
101
|
4.5073
USD
|
|
Common
|
Buy
Transaction
|
200
|
4.5075
USD
|
|
Common
|
Buy
Transaction
|
1,865
|
4.5092
USD
|
|
Common
|
Buy
Transaction
|
700
|
4.5092
USD
|
|
Common
|
Buy
Transaction
|
37
|
4.5093
USD
|
|
Common
|
Buy
Transaction
|
39
|
4.5096
USD
|
|
Common
|
Buy
Transaction
|
195
|
4.5097
USD
|
|
Common
|
Buy
Transaction
|
86
|
4.5098
USD
|
|
Common
|
Buy
Transaction
|
200
|
4.5100
USD
|
|
Common
|
Buy
Transaction
|
122
|
4.5104
USD
|
|
Common
|
Buy
Transaction
|
37
|
4.5120
USD
|
|
Common
|
Buy
Transaction
|
398
|
4.5125
USD
|
|
Common
|
Buy
Transaction
|
8
|
4.5125
USD
|
|
Common
|
Buy
Transaction
|
310
|
4.5148
USD
|
|
Common
|
Buy
Transaction
|
528
|
4.5152
USD
|
|
Common
|
Buy
Transaction
|
636
|
4.5158
USD
|
|
Common
|
Buy
Transaction
|
865
|
4.5162
USD
|
|
Common
|
Buy
Transaction
|
20
|
4.5165
USD
|
|
Common
|
Buy
Transaction
|
6
|
4.5167
USD
|
|
Common
|
Buy
Transaction
|
302
|
4.5168
USD
|
|
Common
|
Buy
Transaction
|
100
|
4.5174
USD
|
|
Common
|
Buy
Transaction
|
190
|
4.5182
USD
|
|
Common
|
Buy
Transaction
|
124
|
4.5192
USD
|
|
Common
|
Buy
Transaction
|
15
|
4.5193
USD
|
|
Common
|
Buy
Transaction
|
95
|
4.5194
USD
|
|
Common
|
Buy
Transaction
|
311
|
4.5200
USD
|
|
Common
|
Buy
Transaction
|
40
|
4.5201
USD
|
|
Common
|
Buy
Transaction
|
354
|
4.5212
USD
|
|
Common
|
Buy
Transaction
|
140
|
4.5214
USD
|
|
Common
|
Buy
Transaction
|
219
|
4.5215
USD
|
|
Common
|
Buy
Transaction
|
24
|
4.5219
USD
|
|
Common
|
Buy
Transaction
|
400
|
4.5225
USD
|
|
Common
|
Buy
Transaction
|
798
|
4.5233
USD
|
|
Common
|
Buy
Transaction
|
1,005
|
4.5233
USD
|
|
Common
|
Buy
Transaction
|
143
|
4.5239
USD
|
|
Common
|
Buy
Transaction
|
1,189
|
4.5245
USD
|
|
Common
|
Buy
Transaction
|
8,407
|
4.5250
USD
|
|
Common
|
Buy
Transaction
|
2,156
|
4.5256
USD
|
|
Common
|
Buy
Transaction
|
1,347
|
4.5259
USD
|
|
Common
|
Buy
Transaction
|
1,225
|
4.5265
USD
|
|
Common
|
Buy
Transaction
|
2,700
|
4.5267
USD
|
|
Common
|
Buy
Transaction
|
52
|
4.5273
USD
|
|
Common
|
Buy
Transaction
|
40
|
4.5279
USD
|
|
Common
|
Buy
Transaction
|
4,688
|
4.5287
USD
|
|
Common
|
Buy
Transaction
|
14,060
|
4.5288
USD
|
|
Common
|
Buy
Transaction
|
93,751
|
4.5288
USD
|
|
Common
|
Buy
Transaction
|
37,501
|
4.5288
USD
|
|
Common
|
Buy
Transaction
|
452
|
4.5288
USD
|
|
Common
|
Buy
Transaction
|
2
|
4.5289
USD
|
|
Common
|
Buy
Transaction
|
2,127
|
4.5293
USD
|
|
Common
|
Buy
Transaction
|
68
|
4.5296
USD
|
|
Common
|
Buy
Transaction
|
327
|
4.5298
USD
|
|
Common
|
Buy
Transaction
|
851
|
4.5298
USD
|
|
Common
|
Buy
Transaction
|
247
|
4.5300
USD
|
|
Common
|
Buy
Transaction
|
200
|
4.5300
USD
|
|
Common
|
Buy
Transaction
|
1,389
|
4.5301
USD
|
|
Common
|
Buy
Transaction
|
70
|
4.5307
USD
|
|
Common
|
Buy
Transaction
|
36
|
4.5308
USD
|
|
Common
|
Buy
Transaction
|
293
|
4.5309
USD
|
|
Common
|
Buy
Transaction
|
2,780
|
4.5309
USD
|
|
Common
|
Buy
Transaction
|
901
|
4.5326
USD
|
|
Common
|
Buy
Transaction
|
18
|
4.5328
USD
|
|
Common
|
Buy
Transaction
|
70
|
4.5329
USD
|
|
Common
|
Buy
Transaction
|
95
|
4.5331
USD
|
|
Common
|
Buy
Transaction
|
300
|
4.5333
USD
|
|
Common
|
Buy
Transaction
|
835
|
4.5344
USD
|
|
Common
|
Buy
Transaction
|
100
|
4.5350
USD
|
|
Common
|
Buy
Transaction
|
2,713
|
4.5354
USD
|
|
Common
|
Buy
Transaction
|
80
|
4.5356
USD
|
|
Common
|
Buy
Transaction
|
500
|
4.5360
USD
|
|
Common
|
Buy
Transaction
|
1,384
|
4.5371
USD
|
|
Common
|
Buy
Transaction
|
405
|
4.5377
USD
|
|
Common
|
Buy
Transaction
|
29
|
4.5383
USD
|
|
Common
|
Buy
Transaction
|
258
|
4.5384
USD
|
|
Common
|
Buy
Transaction
|
1,948
|
4.5395
USD
|
|
Common
|
Buy
Transaction
|
162,002
|
4.5400
USD
|
|
Common
|
Buy
Transaction
|
500
|
4.5430
USD
|
|
Common
|
Buy
Transaction
|
1,095
|
4.5435
USD
|
|
Common
|
Buy
Transaction
|
1,295
|
4.5438
USD
|
|
Common
|
Buy
Transaction
|
10
|
4.5450
USD
|
|
Common
|
Buy
Transaction
|
180
|
4.5456
USD
|
|
Common
|
Buy
Transaction
|
2,397
|
4.5457
USD
|
|
Common
|
Buy
Transaction
|
15,854
|
4.5458
USD
|
|
Common
|
Buy
Transaction
|
6,355
|
4.5459
USD
|
|
Common
|
Buy
Transaction
|
32
|
4.5459
USD
|
|
Common
|
Buy
Transaction
|
794
|
4.5460
USD
|
|
Common
|
Buy
Transaction
|
489
|
4.5470
USD
|
|
Common
|
Buy
Transaction
|
53
|
4.5483
USD
|
|
Common
|
Buy
Transaction
|
600
|
4.5483
USD
|
|
Common
|
Buy
Transaction
|
140
|
4.5492
USD
|
|
Common
|
Buy
Transaction
|
1,999
|
4.5500
USD
|
|
Common
|
Buy
Transaction
|
82,502
|
4.5500
USD
|
|
Common
|
Buy
Transaction
|
1,538
|
4.5505
USD
|
|
Common
|
Buy
Transaction
|
1,192
|
4.5521
USD
|
|
Common
|
Buy
Transaction
|
1,800
|
4.5522
USD
|
|
Common
|
Buy
Transaction
|
3,300
|
4.5524
USD
|
|
Common
|
Buy
Transaction
|
300
|
4.5533
USD
|
|
Common
|
Buy
Transaction
|
4,632
|
4.5546
USD
|
|
Common
|
Buy
Transaction
|
660
|
4.5550
USD
|
|
Common
|
Buy
Transaction
|
11,400
|
4.5552
USD
|
|
Common
|
Buy
Transaction
|
431
|
4.5560
USD
|
|
Common
|
Buy
Transaction
|
1,070
|
4.5563
USD
|
|
Common
|
Buy
Transaction
|
15,681
|
4.5566
USD
|
|
Common
|
Buy
Transaction
|
7,476
|
4.5574
USD
|
|
Common
|
Buy
Transaction
|
63
|
4.5583
USD
|
|
Common
|
Buy
Transaction
|
51
|
4.5586
USD
|
|
Common
|
Buy
Transaction
|
4,218
|
4.5588
USD
|
|
Common
|
Buy
Transaction
|
50
|
4.5590
USD
|
|
Common
|
Buy
Transaction
|
642
|
4.5596
USD
|
|
Common
|
Buy
Transaction
|
786
|
4.5600
USD
|
|
Common
|
Buy
Transaction
|
334
|
4.5614
USD
|
|
Common
|
Buy
Transaction
|
135
|
4.5615
USD
|
|
Common
|
Buy
Transaction
|
872
|
4.5616
USD
|
|
Common
|
Buy
Transaction
|
300
|
4.5618
USD
|
|
Common
|
Buy
Transaction
|
4,639
|
4.5630
USD
|
|
Common
|
Buy
Transaction
|
2,065
|
4.5633
USD
|
|
Common
|
Buy
Transaction
|
1,021
|
4.5634
USD
|
|
Common
|
Buy
Transaction
|
1,548
|
4.5637
USD
|
|
Common
|
Buy
Transaction
|
2,556
|
4.5639
USD
|
|
Common
|
Buy
Transaction
|
376
|
4.5640
USD
|
|
Common
|
Buy
Transaction
|
27
|
4.5643
USD
|
|
Common
|
Buy
Transaction
|
246
|
4.5643
USD
|
|
Common
|
Buy
Transaction
|
727
|
4.5643
USD
|
|
Common
|
Buy
Transaction
|
793
|
4.5645
USD
|
|
Common
|
Buy
Transaction
|
5,217
|
4.5648
USD
|
|
Common
|
Buy
Transaction
|
127
|
4.5649
USD
|
|
Common
|
Buy
Transaction
|
2,079
|
4.5649
USD
|
|
Common
|
Buy
Transaction
|
31
|
4.5658
USD
|
|
Common
|
Buy
Transaction
|
1,466
|
4.5671
USD
|
|
Common
|
Buy
Transaction
|
2,100
|
4.5671
USD
|
|
Common
|
Buy
Transaction
|
200
|
4.5679
USD
|
|
Common
|
Buy
Transaction
|
511
|
4.5680
USD
|
|
Common
|
Buy
Transaction
|
352
|
4.5687
USD
|
|
Common
|
Buy
Transaction
|
305
|
4.5697
USD
|
|
Common
|
Buy
Transaction
|
1,727
|
4.5698
USD
|
|
Common
|
Buy
Transaction
|
53
|
4.5699
USD
|
|
Common
|
Buy
Transaction
|
4,359
|
4.5700
USD
|
|
Common
|
Buy
Transaction
|
2,917
|
4.5702
USD
|
|
Common
|
Buy
Transaction
|
1,573
|
4.5705
USD
|
|
Common
|
Buy
Transaction
|
32
|
4.5706
USD
|
|
Common
|
Buy
Transaction
|
848
|
4.5716
USD
|
|
Common
|
Buy
Transaction
|
393
|
4.5719
USD
|
|
Common
|
Buy
Transaction
|
1,427
|
4.5720
USD
|
|
Common
|
Buy
Transaction
|
4,433
|
4.5721
USD
|
|
Common
|
Buy
Transaction
|
1,812
|
4.5723
USD
|
|
Common
|
Buy
Transaction
|
284
|
4.5725
USD
|
|
Common
|
Buy
Transaction
|
199
|
4.5730
USD
|
|
Common
|
Buy
Transaction
|
2,380
|
4.5731
USD
|
|
Common
|
Buy
Transaction
|
172
|
4.5733
USD
|
|
Common
|
Buy
Transaction
|
195
|
4.5734
USD
|
|
Common
|
Buy
Transaction
|
1,323
|
4.5735
USD
|
|
Common
|
Buy
Transaction
|
10,560
|
4.5739
USD
|
|
Common
|
Buy
Transaction
|
26,402
|
4.5740
USD
|
|
Common
|
Buy
Transaction
|
3,944
|
4.5741
USD
|
|
Common
|
Buy
Transaction
|
2,148
|
4.5742
USD
|
|
Common
|
Buy
Transaction
|
700
|
4.5750
USD
|
|
Common
|
Buy
Transaction
|
702
|
4.5754
USD
|
|
Common
|
Buy
Transaction
|
37
|
4.5758
USD
|
|
Common
|
Buy
Transaction
|
18
|
4.5778
USD
|
|
Common
|
Buy
Transaction
|
150
|
4.5779
USD
|
|
Common
|
Buy
Transaction
|
5,491
|
4.5786
USD
|
|
Common
|
Buy
Transaction
|
203
|
4.5792
USD
|
|
Common
|
Buy
Transaction
|
200
|
4.5800
USD
|
|
Common
|
Buy
Transaction
|
704
|
4.5801
USD
|
|
Common
|
Buy
Transaction
|
2,494
|
4.5804
USD
|
|
Common
|
Buy
Transaction
|
3,885
|
4.5805
USD
|
|
Common
|
Buy
Transaction
|
188
|
4.5806
USD
|
|
Common
|
Buy
Transaction
|
1,554
|
4.5808
USD
|
|
Common
|
Buy
Transaction
|
575
|
4.5809
USD
|
|
Common
|
Buy
Transaction
|
6,826
|
4.5809
USD
|
|
Common
|
Buy
Transaction
|
1,066
|
4.5809
USD
|
|
Common
|
Buy
Transaction
|
5,728
|
4.5811
USD
|
|
Common
|
Buy
Transaction
|
126
|
4.5825
USD
|
|
Common
|
Buy
Transaction
|
1,032
|
4.5833
USD
|
|
Common
|
Buy
Transaction
|
23,308
|
4.5837
USD
|
|
Common
|
Buy
Transaction
|
81
|
4.5839
USD
|
|
Common
|
Buy
Transaction
|
1,186
|
4.5840
USD
|
|
Common
|
Buy
Transaction
|
50
|
4.5840
USD
|
|
Common
|
Buy
Transaction
|
5,263
|
4.5841
USD
|
|
Common
|
Buy
Transaction
|
251
|
4.5841
USD
|
|
Common
|
Buy
Transaction
|
2,200
|
4.5845
USD
|
|
Common
|
Buy
Transaction
|
38
|
4.5846
USD
|
|
Common
|
Buy
Transaction
|
300
|
4.5850
USD
|
|
Common
|
Buy
Transaction
|
7,710
|
4.5852
USD
|
|
Common
|
Buy
Transaction
|
3,659
|
4.5855
USD
|
|
Common
|
Buy
Transaction
|
2,530
|
4.5861
USD
|
|
Common
|
Buy
Transaction
|
2,119
|
4.5862
USD
|
|
Common
|
Buy
Transaction
|
5,635
|
4.5868
USD
|
|
Common
|
Buy
Transaction
|
1,997
|
4.5868
USD
|
|
Common
|
Buy
Transaction
|
5,659
|
4.5878
USD
|
|
Common
|
Buy
Transaction
|
643
|
4.5879
USD
|
|
Common
|
Buy
Transaction
|
374
|
4.5880
USD
|
|
Common
|
Buy
Transaction
|
65
|
4.5881
USD
|
|
Common
|
Buy
Transaction
|
150
|
4.5883
USD
|
|
Common
|
Buy
Transaction
|
346
|
4.5887
USD
|
|
Common
|
Buy
Transaction
|
322
|
4.5889
USD
|
|
Common
|
Buy
Transaction
|
54
|
4.5891
USD
|
|
Common
|
Buy
Transaction
|
841
|
4.5897
USD
|
|
Common
|
Buy
Transaction
|
973
|
4.5900
USD
|
|
Common
|
Buy
Transaction
|
1,644
|
4.5901
USD
|
|
Common
|
Buy
Transaction
|
872
|
4.5909
USD
|
|
Common
|
Buy
Transaction
|
721
|
4.5909
USD
|
|
Common
|
Buy
Transaction
|
155
|
4.5910
USD
|
|
Common
|
Buy
Transaction
|
112
|
4.5911
USD
|
|
Common
|
Buy
Transaction
|
1,432
|
4.5913
USD
|
|
Common
|
Buy
Transaction
|
22
|
4.5914
USD
|
|
Common
|
Buy
Transaction
|
93,750
|
4.5921
USD
|
|
Common
|
Buy
Transaction
|
37,501
|
4.5921
USD
|
|
Common
|
Buy
Transaction
|
14,061
|
4.5921
USD
|
|
Common
|
Buy
Transaction
|
4,688
|
4.5921
USD
|
|
Common
|
Buy
Transaction
|
31
|
4.5923
USD
|
|
Common
|
Buy
Transaction
|
2,384
|
4.5926
USD
|
|
Common
|
Buy
Transaction
|
197
|
4.5929
USD
|
|
Common
|
Buy
Transaction
|
6
|
4.5933
USD
|
|
Common
|
Buy
Transaction
|
47
|
4.5937
USD
|
|
Common
|
Buy
Transaction
|
126
|
4.5937
USD
|
|
Common
|
Buy
Transaction
|
831
|
4.5942
USD
|
|
Common
|
Buy
Transaction
|
43
|
4.5943
USD
|
|
Common
|
Buy
Transaction
|
331
|
4.5945
USD
|
|
Common
|
Buy
Transaction
|
620
|
4.5947
USD
|
|
Common
|
Buy
Transaction
|
3,335
|
4.5947
USD
|
|
Common
|
Buy
Transaction
|
2,020
|
4.5950
USD
|
|
Common
|
Buy
Transaction
|
294
|
4.5950
USD
|
|
Common
|
Buy
Transaction
|
1,867
|
4.5962
USD
|
|
Common
|
Buy
Transaction
|
620
|
4.5980
USD
|
|
Common
|
Buy
Transaction
|
120
|
4.6000
USD
|
|
Common
|
Buy
Transaction
|
2,284
|
4.6008
USD
|
|
Common
|
Buy
Transaction
|
330
|
4.6009
USD
|
|
Common
|
Buy
Transaction
|
1,298
|
4.6010
USD
|
|
Common
|
Buy
Transaction
|
89
|
4.6015
USD
|
|
Common
|
Buy
Transaction
|
95
|
4.6016
USD
|
|
Common
|
Buy
Transaction
|
300
|
4.6017
USD
|
|
Common
|
Buy
Transaction
|
139
|
4.6019
USD
|
|
Common
|
Buy
Transaction
|
9
|
4.6050
USD
|
|
Common
|
Buy
Transaction
|
2,844
|
4.6052
USD
|
|
Common
|
Buy
Transaction
|
422
|
4.6069
USD
|
|
Common
|
Buy
Transaction
|
200
|
4.6100
USD
|
|
Common
|
Buy
Transaction
|
450
|
4.6108
USD
|
|
Common
|
Buy
Transaction
|
3
|
4.6117
USD
|
|
Common
|
Buy
Transaction
|
7
|
4.6121
USD
|
|
Common
|
Buy
Transaction
|
387
|
4.6123
USD
|
|
Common
|
Buy
Transaction
|
7
|
4.6136
USD
|
|
Common
|
Buy
Transaction
|
5,012
|
4.6150
USD
|
|
Common
|
Buy
Transaction
|
8
|
4.6200
USD
|
|
Common
|
DVP
Transaction
|
279
|
4.5019
USD
|
|
Common
|
DVP
Transaction
|
384
|
4.5100
USD
|
|
Common
|
DVP
Transaction
|
791
|
4.5451
USD
|
|
Common
|
DVP
Transaction
|
56,936
|
4.5500
USD
|
|
Common
|
DVP
Transaction
|
320
|
4.5933
USD
|
|
Common
|
DVP
Transaction
|
4,678
|
4.6010
USD
|
|
Common
|
DVP
Transaction
|
1,725
|
4.6150
USD
|
|
Common
|
DVP
Transaction
|
3
|
4.6167
USD
|
|
Common
|
DVP
Transaction
|
1
|
4.6200
USD
|
|
Common
|
DVP
Transaction
|
969
|
4.6300
USD
|
|
Common
|
DVP
Transaction
|
24
|
4.6600
USD
|
|
Common
|
RVP
Transaction
|
36
|
4.5050
USD
|
|
Common
|
RVP
Transaction
|
384
|
4.5100
USD
|
|
Common
|
RVP
Transaction
|
36
|
4.5200
USD
|
|
Common
|
RVP
Transaction
|
55
|
4.5264
USD
|
|
Common
|
RVP
Transaction
|
172
|
4.5384
USD
|
|
Common
|
RVP
Transaction
|
36
|
4.5400
USD
|
|
Common
|
RVP
Transaction
|
36
|
4.5450
USD
|
|
Common
|
RVP
Transaction
|
54
|
4.5452
USD
|
|
Common
|
RVP
Transaction
|
115
|
4.5471
USD
|
|
Common
|
RVP
Transaction
|
56,936
|
4.5500
USD
|
|
Common
|
RVP
Transaction
|
52
|
4.5600
USD
|
|
Common
|
RVP
Transaction
|
174
|
4.5792
USD
|
|
Common
|
RVP
Transaction
|
786
|
4.5804
USD
|
|
Common
|
RVP
Transaction
|
9
|
4.5856
USD
|
|
Common
|
RVP
Transaction
|
210
|
4.5905
USD
|
|
Common
|
RVP
Transaction
|
39
|
4.6000
USD
|
|
Common
|
RVP
Transaction
|
4,682
|
4.6010
USD
|
|
Common
|
RVP
Transaction
|
31
|
4.6019
USD
|
|
Common
|
RVP
Transaction
|
1,661
|
4.6134
USD
|
|
Common
|
RVP
Transaction
|
10
|
4.6150
USD
|
|
Common
|
RVP
Transaction
|
85
|
4.6276
USD
|
|
Common
|
RVP
Transaction
|
487
|
4.6300
USD
|
|
Common
|
RVP
Transaction
|
24
|
4.6600
USD
|
|
Common
|
Sell
Transaction
|
99
|
4.4699
USD
|
|
Common
|
Sell
Transaction
|
100
|
4.4900
USD
|
|
Common
|
Sell
Transaction
|
1,500
|
4.4927
USD
|
|
Common
|
Sell
Transaction
|
202
|
4.4950
USD
|
|
Common
|
Sell
Transaction
|
3,121
|
4.4972
USD
|
|
Common
|
Sell
Transaction
|
983
|
4.5000
USD
|
|
Common
|
Sell
Transaction
|
3,886
|
4.5014
USD
|
|
Common
|
Sell
Transaction
|
2,200
|
4.5016
USD
|
|
Common
|
Sell
Transaction
|
600
|
4.5033
USD
|
|
Common
|
Sell
Transaction
|
100
|
4.5050
USD
|
|
Common
|
Sell
Transaction
|
1,023
|
4.5083
USD
|
|
Common
|
Sell
Transaction
|
116
|
4.5086
USD
|
|
Common
|
Sell
Transaction
|
2,146
|
4.5091
USD
|
|
Common
|
Sell
Transaction
|
857
|
4.5095
USD
|
|
Common
|
Sell
Transaction
|
457
|
4.5100
USD
|
|
Common
|
Sell
Transaction
|
1
|
4.5102
USD
|
|
Common
|
Sell
Transaction
|
206
|
4.5109
USD
|
|
Common
|
Sell
Transaction
|
1,300
|
4.5115
USD
|
|
Common
|
Sell
Transaction
|
1,100
|
4.5118
USD
|
|
Common
|
Sell
Transaction
|
400
|
4.5137
USD
|
|
Common
|
Sell
Transaction
|
100
|
4.5150
USD
|
|
Common
|
Sell
Transaction
|
700
|
4.5157
USD
|
|
Common
|
Sell
Transaction
|
800
|
4.5163
USD
|
|
Common
|
Sell
Transaction
|
31
|
4.5168
USD
|
|
Common
|
Sell
Transaction
|
400
|
4.5175
USD
|
|
Common
|
Sell
Transaction
|
500
|
4.5180
USD
|
|
Common
|
Sell
Transaction
|
800
|
4.5187
USD
|
|
Common
|
Sell
Transaction
|
306
|
4.5196
USD
|
|
Common
|
Sell
Transaction
|
7,982
|
4.5200
USD
|
|
Common
|
Sell
Transaction
|
401
|
4.5201
USD
|
|
Common
|
Sell
Transaction
|
101
|
4.5203
USD
|
|
Common
|
Sell
Transaction
|
204
|
4.5204
USD
|
|
Common
|
Sell
Transaction
|
1,600
|
4.5206
USD
|
|
Common
|
Sell
Transaction
|
207
|
4.5214
USD
|
|
Common
|
Sell
Transaction
|
209
|
4.5218
USD
|
|
Common
|
Sell
Transaction
|
803
|
4.5225
USD
|
|
Common
|
Sell
Transaction
|
600
|
4.5233
USD
|
|
Common
|
Sell
Transaction
|
245
|
4.5237
USD
|
|
Common
|
Sell
Transaction
|
697
|
4.5251
USD
|
|
Common
|
Sell
Transaction
|
3,650
|
4.5273
USD
|
|
Common
|
Sell
Transaction
|
800
|
4.5275
USD
|
|
Common
|
Sell
Transaction
|
334
|
4.5280
USD
|
|
Common
|
Sell
Transaction
|
500
|
4.5280
USD
|
|
Common
|
Sell
Transaction
|
2,000
|
4.5287
USD
|
|
Common
|
Sell
Transaction
|
9
|
4.5289
USD
|
|
Common
|
Sell
Transaction
|
111
|
4.5289
USD
|
|
Common
|
Sell
Transaction
|
652
|
4.5300
USD
|
|
Common
|
Sell
Transaction
|
102
|
4.5304
USD
|
|
Common
|
Sell
Transaction
|
326
|
4.5313
USD
|
|
Common
|
Sell
Transaction
|
616
|
4.5316
USD
|
|
Common
|
Sell
Transaction
|
300
|
4.5350
USD
|
|
Common
|
Sell
Transaction
|
1,471
|
4.5351
USD
|
|
Common
|
Sell
Transaction
|
3,942
|
4.5359
USD
|
|
Common
|
Sell
Transaction
|
176
|
4.5372
USD
|
|
Common
|
Sell
Transaction
|
1
|
4.5372
USD
|
|
Common
|
Sell
Transaction
|
1,208
|
4.5382
USD
|
|
Common
|
Sell
Transaction
|
2,177
|
4.5387
USD
|
|
Common
|
Sell
Transaction
|
16,185
|
4.5388
USD
|
|
Common
|
Sell
Transaction
|
397
|
4.5392
USD
|
|
Common
|
Sell
Transaction
|
1,468
|
4.5392
USD
|
|
Common
|
Sell
Transaction
|
4,050
|
4.5397
USD
|
|
Common
|
Sell
Transaction
|
11,500
|
4.5400
USD
|
|
Common
|
Sell
Transaction
|
478
|
4.5413
USD
|
|
Common
|
Sell
Transaction
|
744
|
4.5424
USD
|
|
Common
|
Sell
Transaction
|
531
|
4.5428
USD
|
|
Common
|
Sell
Transaction
|
32
|
4.5433
USD
|
|
Common
|
Sell
Transaction
|
2,056
|
4.5437
USD
|
|
Common
|
Sell
Transaction
|
200
|
4.5450
USD
|
|
Common
|
Sell
Transaction
|
17
|
4.5453
USD
|
|
Common
|
Sell
Transaction
|
500
|
4.5460
USD
|
|
Common
|
Sell
Transaction
|
266
|
4.5462
USD
|
|
Common
|
Sell
Transaction
|
480
|
4.5467
USD
|
|
Common
|
Sell
Transaction
|
700
|
4.5471
USD
|
|
Common
|
Sell
Transaction
|
618
|
4.5475
USD
|
|
Common
|
Sell
Transaction
|
400
|
4.5475
USD
|
|
Common
|
Sell
Transaction
|
0
|
4.5492
USD
|
|
Common
|
Sell
Transaction
|
67,286
|
4.5500
USD
|
|
Common
|
Sell
Transaction
|
1,606
|
4.5515
USD
|
|
Common
|
Sell
Transaction
|
900
|
4.5533
USD
|
|
Common
|
Sell
Transaction
|
649
|
4.5539
USD
|
|
Common
|
Sell
Transaction
|
1,082
|
4.5540
USD
|
|
Common
|
Sell
Transaction
|
100
|
4.5550
USD
|
|
Common
|
Sell
Transaction
|
36,103
|
4.5553
USD
|
|
Common
|
Sell
Transaction
|
1,468
|
4.5578
USD
|
|
Common
|
Sell
Transaction
|
9
|
4.5600
USD
|
|
Common
|
Sell
Transaction
|
15
|
4.5607
USD
|
|
Common
|
Sell
Transaction
|
1,157
|
4.5616
USD
|
|
Common
|
Sell
Transaction
|
2,900
|
4.5621
USD
|
|
Common
|
Sell
Transaction
|
7,883
|
4.5623
USD
|
|
Common
|
Sell
Transaction
|
1,101
|
4.5637
USD
|
|
Common
|
Sell
Transaction
|
26
|
4.5646
USD
|
|
Common
|
Sell
Transaction
|
50
|
4.5666
USD
|
|
Common
|
Sell
Transaction
|
800
|
4.5687
USD
|
|
Common
|
Sell
Transaction
|
350
|
4.5690
USD
|
|
Common
|
Sell
Transaction
|
884
|
4.5700
USD
|
|
Common
|
Sell
Transaction
|
9,772
|
4.5704
USD
|
|
Common
|
Sell
Transaction
|
3,076
|
4.5711
USD
|
|
Common
|
Sell
Transaction
|
845
|
4.5745
USD
|
|
Common
|
Sell
Transaction
|
12,125
|
4.5770
USD
|
|
Common
|
Sell
Transaction
|
592
|
4.5787
USD
|
|
Common
|
Sell
Transaction
|
1,000
|
4.5790
USD
|
|
Common
|
Sell
Transaction
|
1,021
|
4.5800
USD
|
|
Common
|
Sell
Transaction
|
85
|
4.5801
USD
|
|
Common
|
Sell
Transaction
|
2,100
|
4.5805
USD
|
|
Common
|
Sell
Transaction
|
8,322
|
4.5807
USD
|
|
Common
|
Sell
Transaction
|
1,900
|
4.5811
USD
|
|
Common
|
Sell
Transaction
|
2,000
|
4.5815
USD
|
|
Common
|
Sell
Transaction
|
234
|
4.5828
USD
|
|
Common
|
Sell
Transaction
|
728
|
4.5836
USD
|
|
Common
|
Sell
Transaction
|
508
|
4.5843
USD
|
|
Common
|
Sell
Transaction
|
800
|
4.5850
USD
|
|
Common
|
Sell
Transaction
|
900
|
4.5867
USD
|
|
Common
|
Sell
Transaction
|
5,690
|
4.5870
USD
|
|
Common
|
Sell
Transaction
|
68
|
4.5875
USD
|
|
Common
|
Sell
Transaction
|
2,936
|
4.5880
USD
|
|
Common
|
Sell
Transaction
|
224
|
4.5893
USD
|
|
Common
|
Sell
Transaction
|
1,584
|
4.5900
USD
|
|
Common
|
Sell
Transaction
|
0
|
4.5909
USD
|
|
Common
|
Sell
Transaction
|
16,670
|
4.5911
USD
|
|
Common
|
Sell
Transaction
|
212
|
4.5919
USD
|
|
Common
|
Sell
Transaction
|
6,200
|
4.5921
USD
|
|
Common
|
Sell
Transaction
|
760
|
4.5926
USD
|
|
Common
|
Sell
Transaction
|
764
|
4.5929
USD
|
|
Common
|
Sell
Transaction
|
2,387
|
4.5934
USD
|
|
Common
|
Sell
Transaction
|
106
|
4.5939
USD
|
|
Common
|
Sell
Transaction
|
12
|
4.5958
USD
|
|
Common
|
Sell
Transaction
|
4,825
|
4.5960
USD
|
|
Common
|
Sell
Transaction
|
432
|
4.5962
USD
|
|
Common
|
Sell
Transaction
|
177
|
4.5998
USD
|
|
Common
|
Sell
Transaction
|
510
|
4.6000
USD
|
|
Common
|
Sell
Transaction
|
3,268
|
4.6013
USD
|
|
Common
|
Sell
Transaction
|
132
|
4.6027
USD
|
|
Common
|
Sell
Transaction
|
9,424
|
4.6030
USD
|
|
Common
|
Sell
Transaction
|
52
|
4.6031
USD
|
|
Common
|
Sell
Transaction
|
282
|
4.6038
USD
|
|
Common
|
Sell
Transaction
|
382
|
4.6046
USD
|
|
Common
|
Sell
Transaction
|
3,628
|
4.6048
USD
|
|
Common
|
Sell
Transaction
|
200
|
4.6050
USD
|
|
Common
|
Sell
Transaction
|
700
|
4.6057
USD
|
|
Common
|
Sell
Transaction
|
30
|
4.6073
USD
|
|
Common
|
Sell
Transaction
|
334
|
4.6100
USD
|
|
Common
|
Sell
Transaction
|
4,293
|
4.6107
USD
|
|
Common
|
Sell
Transaction
|
976
|
4.6109
USD
|
|
Common
|
Sell
Transaction
|
3,300
|
4.6127
USD
|
|
Common
|
Sell
Transaction
|
400
|
4.6150
USD
|
|
Common
|
Sell
Transaction
|
200
|
4.6200
USD
|
|
Common
|
Sell
Transaction
|
319
|
4.6300
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
|
(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
|
4
|
5.0000 USD
|
American
|
2025-Oct-17
|
0.9000 USD
|
|
Common
|
Call Option
|
Sell Transaction
|
1
|
5.0000 USD
|
American
|
2025-Mar-21
|
0.1000 USD
|
|
Common
|
Call Option
|
Sell Transaction
|
5
|
4.0000 USD
|
American
|
2025-Jul-18
|
0.9000 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 March 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
|
-104,200
|
6.0 USD
|
American
|
20/06/2025
|
|
Common
|
Call Option
|
Purchased
|
246,100
|
6.0 USD
|
American
|
18/07/2025
|
|
Common
|
Call Option
|
Purchased
|
600
|
10.0 USD
|
American
|
17/04/2025
|
|
Common
|
Call Option
|
Purchased
|
2,300
|
7.0 USD
|
American
|
20/06/2025
|
|
Common
|
Call Option
|
Purchased
|
2,500
|
10.0 USD
|
American
|
16/01/2026
|
|
Common
|
Put Option
|
Purchased
|
-800
|
5.0 USD
|
American
|
20/06/2025
|
|
Common
|
Put Option
|
Purchased
|
-800
|
7.0 USD
|
American
|
18/07/2025
|
|
Common
|
Put Option
|
Purchased
|
-500
|
5.0 USD
|
American
|
17/10/2025
|
|
Common
|
Call Option
|
Purchased
|
300
|
8.0 USD
|
American
|
20/06/2025
|
|
Common
|
Put Option
|
Purchased
|
-3,800
|
4.0 USD
|
American
|
17/04/2025
|
|
Common
|
Call Option
|
Purchased
|
900
|
5.0 USD
|
American
|
16/01/2026
|
|
Common
|
Call Option
|
Purchased
|
1,500
|
6.0 USD
|
American
|
17/04/2025
|
|
Common
|
Put Option
|
Purchased
|
-4,000
|
3.0 USD
|
American
|
16/01/2026
|
|
Common
|
Put Option
|
Purchased
|
-5,800
|
5.0 USD
|
American
|
21/03/2025
|
|
Common
|
Put Option
|
Purchased
|
-200
|
5.0 USD
|
American
|
18/07/2025
|
|
Common
|
Put Option
|
Purchased
|
-100
|
8.0 USD
|
American
|
21/03/2025
|
|
Common
|
Call Option
|
Purchased
|
300,000
|
6.0 USD
|
American
|
18/07/2025
|
|
Common
|
Put Option
|
Purchased
|
-8,400
|
5.0 USD
|
American
|
16/01/2026
|
|
Common
|
Put Option
|
Purchased
|
-4,000
|
4.0 USD
|
American
|
20/06/2025
|
|
Common
|
Call Option
|
Purchased
|
100
|
4.0 USD
|
American
|
21/03/2025
|
|
Common
|
Call Option
|
Purchased
|
700
|
10.0 USD
|
American
|
18/07/2025
|
|
Common
|
Put Option
|
Purchased
|
-5,400
|
4.0 USD
|
American
|
18/07/2025
|
|
Common
|
Put Option
|
Purchased
|
-100,000
|
7.0 USD
|
American
|
20/06/2025
|
|
Common
|
Call Option
|
Sold
|
-200
|
7.0 USD
|
American
|
18/07/2025
|
|
Common
|
Put Option
|
Sold
|
9,200
|
5.0 USD
|
American
|
17/04/2025
|
|
Common
|
Call Option
|
Sold
|
-31,700
|
5.0 USD
|
American
|
17/07/2026
|
|
Common
|
Call Option
|
Sold
|
-8,800
|
4.0 USD
|
American
|
20/06/2025
|
|
Common
|
Call Option
|
Sold
|
-500
|
4.0 USD
|
American
|
16/01/2026
|
|
Common
|
Call Option
|
Sold
|
-7,700
|
7.0 USD
|
American
|
21/03/2025
|
|
Common
|
Call Option
|
Sold
|
-500
|
10.0 USD
|
American
|
17/07/2026
|
|
Common
|
Put Option
|
Sold
|
7,600
|
6.0 USD
|
American
|
17/04/2025
|
|
Common
|
Call Option
|
Sold
|
-500
|
3.0 USD
|
American
|
17/07/2026
|
|
Common
|
Call Option
|
Sold
|
-1,900
|
9.0 USD
|
American
|
17/04/2025
|
|
Common
|
Call Option
|
Sold
|
-300
|
5.0 USD
|
American
|
21/03/2025
|
|
Common
|
Call Option
|
Sold
|
-14,000
|
6.0 USD
|
American
|
21/03/2025
|
|
Common
|
Call Option
|
Sold
|
-800
|
12.0 USD
|
American
|
16/01/2026
|
|
Common
|
Call Option
|
Sold
|
-13,900
|
5.0 USD
|
American
|
17/04/2025
|
|
Common
|
Put Option
|
Sold
|
99,900
|
8.0 USD
|
American
|
20/06/2025
|
|
Common
|
Call Option
|
Sold
|
-1,600
|
5.0 USD
|
American
|
20/06/2025
|
|
Common
|
Call Option
|
Sold
|
-3,200
|
4.0 USD
|
American
|
17/04/2025
|
|
Common
|
Put Option
|
Sold
|
900
|
6.0 USD
|
American
|
18/07/2025
|
|
Common
|
Call Option
|
Sold
|
-29,400
|
8.0 USD
|
American
|
18/07/2025
|
|
Common
|
Call Option
|
Sold
|
-100,700
|
5.0 USD
|
American
|
18/07/2025
|
|
Common
|
Put Option
|
Sold
|
100
|
4.0 USD
|
American
|
21/03/2025
|
|
Common
|
Call Option
|
Sold
|
-12,700
|
7.0 USD
|
American
|
17/04/2025
|
|
Common
|
Put Option
|
Sold
|
75,400
|
7.0 USD
|
American
|
16/01/2026
|
|
Common
|
Call Option
|
Sold
|
-1,000
|
3.0 USD
|
American
|
16/01/2026
|
|
Common
|
Call Option
|
Sold
|
-8,600
|
8.0 USD
|
American
|
17/04/2025
|
|
Common
|
Call Option
|
Sold
|
-100
|
15.0 USD
|
American
|
16/01/2026
|
|
Common
|
Call Option
|
Sold
|
-2,500
|
4.0 USD
|
American
|
17/07/2026
|
|
Common
|
Call Option
|
Sold
|
-116,600
|
7.0 USD
|
American
|
16/01/2026
|
|
Common
|
Call Option
|
Sold
|
-1,300
|
6.0 USD
|
American
|
20/06/2025
|
|
Common
|
Call Option
|
Sold
|
-3,500
|
4.0 USD
|
American
|
18/07/2025
|
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.
