Form 8.3 - American Axle & Manufacturing Holdings.


    11 July 2025 15:01:03
  • Source: Sharecast
RNS Number : 7494Q
Citadel Group
11 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

10 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:

2,070,929

1.74

0

0.00

(2) Cash-settled derivatives:

 

494,979

0.41

0

0.00

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

1,002,700

0.84

1,373,800

1.15

 

     TOTAL:

3,568,608

3.00

1,373,800

1.15

 

All interests and all short positions should be disclosed.

 

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

 

(b)        Rights to subscribe for new securities (including directors' and other employee options)

 

Class of relevant security in relation to which subscription right exists:

N/A

Details, including nature of the rights concerned and relevant percentages:

N/A

 

 

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

 

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

 

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

 

(a)        Purchases and sales

 

Class of relevant security

Purchase/sale

 

Number of securities

Price per unit

Common

Buy Transaction

31

4.4232 USD

Common

Buy Transaction

290

4.4266 USD

Common

Buy Transaction

140

4.4300 USD

Common

Buy Transaction

700

4.4400 USD

Common

Buy Transaction

386

4.4409 USD

Common

Buy Transaction

64

4.4409 USD

Common

Buy Transaction

4

4.4425 USD

Common

Buy Transaction

405

4.4465 USD

Common

Buy Transaction

84

4.4493 USD

Common

Buy Transaction

9,103

4.4500 USD

Common

Buy Transaction

12,577

4.4500 USD

Common

Buy Transaction

501

4.4501 USD

Common

Buy Transaction

900

4.4511 USD

Common

Buy Transaction

1,111

4.4518 USD

Common

Buy Transaction

15,273

4.4523 USD

Common

Buy Transaction

3,587

4.4526 USD

Common

Buy Transaction

2,692

4.4532 USD

Common

Buy Transaction

89

4.4537 USD

Common

Buy Transaction

496

4.4541 USD

Common

Buy Transaction

5,157

4.4542 USD

Common

Buy Transaction

2,445

4.4545 USD

Common

Buy Transaction

27,000

4.4547 USD

Common

Buy Transaction

5,510

4.4550 USD

Common

Buy Transaction

49

4.4551 USD

Common

Buy Transaction

15

4.4553 USD

Common

Buy Transaction

25

4.4556 USD

Common

Buy Transaction

175

4.4557 USD

Common

Buy Transaction

157

4.4564 USD

Common

Buy Transaction

5,332

4.4566 USD

Common

Buy Transaction

7,453

4.4571 USD

Common

Buy Transaction

543

4.4573 USD

Common

Buy Transaction

24,956

4.4573 USD

Common

Buy Transaction

400

4.4575 USD

Common

Buy Transaction

471

4.4579 USD

Common

Buy Transaction

1,500

4.4580 USD

Common

Buy Transaction

97

4.4581 USD

Common

Buy Transaction

11,683

4.4584 USD

Common

Buy Transaction

1,100

4.4591 USD

Common

Buy Transaction

814

4.4597 USD

Common

Buy Transaction

13,367

4.4599 USD

Common

Buy Transaction

801

4.4600 USD

Common

Buy Transaction

132,231

4.4600 USD

Common

Buy Transaction

1

4.4604 USD

Common

Buy Transaction

624

4.4604 USD

Common

Buy Transaction

1,424

4.4607 USD

Common

Buy Transaction

11

4.4609 USD

Common

Buy Transaction

1,105

4.4619 USD

Common

Buy Transaction

1,004

4.4619 USD

Common

Buy Transaction

779

4.4622 USD

Common

Buy Transaction

90

4.4622 USD

Common

Buy Transaction

644

4.4625 USD

Common

Buy Transaction

2,100

4.4629 USD

Common

Buy Transaction

1,757

4.4632 USD

Common

Buy Transaction

6,013

4.4636 USD

Common

Buy Transaction

486

4.4637 USD

Common

Buy Transaction

700

4.4643 USD

Common

Buy Transaction

5,014

4.4646 USD

Common

Buy Transaction

745

4.4646 USD

Common

Buy Transaction

1,594

4.4647 USD

Common

Buy Transaction

210

4.4650 USD

Common

Buy Transaction

1,496

4.4650 USD

Common

Buy Transaction

1,579

4.4653 USD

Common

Buy Transaction

1,458

4.4656 USD

Common

Buy Transaction

1,700

4.4659 USD

Common

Buy Transaction

1

4.4672 USD

Common

Buy Transaction

1,438

4.4673 USD

Common

Buy Transaction

500

4.4680 USD

Common

Buy Transaction

430

4.4687 USD

Common

Buy Transaction

383

4.4689 USD

Common

Buy Transaction

1,703

4.4694 USD

Common

Buy Transaction

1,221

4.4700 USD

Common

Buy Transaction

500

4.4709 USD

Common

Buy Transaction

2,011

4.4749 USD

Common

Buy Transaction

1

4.4756 USD

Common

Buy Transaction

300

4.4767 USD

Common

Buy Transaction

510

4.4796 USD

Common

Buy Transaction

7,730

4.4800 USD

Common

Buy Transaction

2,007

4.4806 USD

Common

Buy Transaction

14

4.4814 USD

Common

Buy Transaction

300

4.4817 USD

Common

Buy Transaction

100

4.4850 USD

Common

DVP Transaction

1

4.4400 USD

Common

DVP Transaction

105

4.4500 USD

Common

DVP Transaction

208

4.4552 USD

Common

DVP Transaction

5,401

4.4560 USD

Common

DVP Transaction

104,783

4.4600 USD

Common

DVP Transaction

2

4.4650 USD

Common

DVP Transaction

2

4.4700 USD

Common

DVP Transaction

744

4.4800 USD

Common

RVP Transaction

1

4.4400 USD

Common

RVP Transaction

430

4.4480 USD

Common

RVP Transaction

190

4.4497 USD

Common

RVP Transaction

205

4.4500 USD

Common

RVP Transaction

990

4.4550 USD

Common

RVP Transaction

605

4.4550 USD

Common

RVP Transaction

233

4.4555 USD

Common

RVP Transaction

70

4.4556 USD

Common

RVP Transaction

998

4.4557 USD

Common

RVP Transaction

660

4.4577 USD

Common

RVP Transaction

640

4.4595 USD

Common

RVP Transaction

390

4.4599 USD

Common

RVP Transaction

104,983

4.4600 USD

Common

RVP Transaction

2

4.4650 USD

Common

RVP Transaction

3

4.4667 USD

Common

RVP Transaction

102

4.4700 USD

Common

RVP Transaction

744

4.4800 USD

Common

Sell Transaction

1,988

4.4400 USD

Common

Sell Transaction

268

4.4402 USD

Common

Sell Transaction

4

4.4425 USD

Common

Sell Transaction

97

4.4482 USD

Common

Sell Transaction

197

4.4488 USD

Common

Sell Transaction

102

4.4488 USD

Common

Sell Transaction

1,625

4.4489 USD

Common

Sell Transaction

375

4.4489 USD

Common

Sell Transaction

1,891

4.4495 USD

Common

Sell Transaction

2,771

4.4500 USD

Common

Sell Transaction

2,076

4.4508 USD

Common

Sell Transaction

600

4.4517 USD

Common

Sell Transaction

1,211

4.4517 USD

Common

Sell Transaction

1,300

4.4523 USD

Common

Sell Transaction

238

4.4524 USD

Common

Sell Transaction

724

4.4528 USD

Common

Sell Transaction

700

4.4529 USD

Common

Sell Transaction

311

4.4531 USD

Common

Sell Transaction

889

4.4531 USD

Common

Sell Transaction

679

4.4534 USD

Common

Sell Transaction

800

4.4538 USD

Common

Sell Transaction

1,356

4.4540 USD

Common

Sell Transaction

1,457

4.4541 USD

Common

Sell Transaction

115

4.4547 USD

Common

Sell Transaction

458

4.4549 USD

Common

Sell Transaction

6,384

4.4550 USD

Common

Sell Transaction

179

4.4550 USD

Common

Sell Transaction

937

4.4559 USD

Common

Sell Transaction

500

4.4560 USD

Common

Sell Transaction

726

4.4562 USD

Common

Sell Transaction

423

4.4564 USD

Common

Sell Transaction

2,665

4.4565 USD

Common

Sell Transaction

6,375

4.4570 USD

Common

Sell Transaction

1,005

4.4580 USD

Common

Sell Transaction

1,100

4.4582 USD

Common

Sell Transaction

1,696

4.4585 USD

Common

Sell Transaction

444

4.4590 USD

Common

Sell Transaction

43

4.4591 USD

Common

Sell Transaction

237

4.4591 USD

Common

Sell Transaction

92

4.4596 USD

Common

Sell Transaction

934

4.4597 USD

Common

Sell Transaction

128,310

4.4600 USD

Common

Sell Transaction

101

4.4602 USD

Common

Sell Transaction

802

4.4602 USD

Common

Sell Transaction

622

4.4613 USD

Common

Sell Transaction

580

4.4620 USD

Common

Sell Transaction

809

4.4624 USD

Common

Sell Transaction

506

4.4630 USD

Common

Sell Transaction

900

4.4633 USD

Common

Sell Transaction

5,600

4.4650 USD

Common

Sell Transaction

591

4.4655 USD

Common

Sell Transaction

2

4.4687 USD

Common

Sell Transaction

11

4.4691 USD

Common

Sell Transaction

796

4.4700 USD

Common

Sell Transaction

2,590

4.4720 USD

Common

Sell Transaction

557

4.4728 USD

Common

Sell Transaction

4

4.4750 USD

Common

Sell Transaction

93

4.4751 USD

Common

Sell Transaction

311

4.4761 USD

Common

Sell Transaction

136

4.4800 USD

Common

Sell Transaction

200

4.4900 USD

 

(b)        Cash-settled derivative transactions

 

Class of relevant security

Product description

e.g. CFD

Nature of dealing

e.g. opening/closing a long/short position, increasing/reducing a long/short position

Number of reference securities

Price per unit

Common

CFD

Reducing long position

1,600

4.4631 USD

Common

CFD

Reducing long position

1,500

4.4693 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

1

4.0000 USD

American

2025-Jul-18

0.4900 USD

Common

Call Option

DVP Transaction

4

5.0000 USD

American

2025-Oct-17

0.4000 USD

Common

Call Option

DVP Transaction

2

5.0000 USD

American

2025-Oct-17

0.4500 USD

Common

Call Option

DVP Transaction

1

4.0000 USD

American

2025-Jul-18

0.4900 USD

Common

Call Option

RVP Transaction

4

5.0000 USD

American

2025-Oct-17

0.4000 USD

Common

Call Option

RVP Transaction

2

5.0000 USD

American

2025-Oct-17

0.4500 USD

Common

Call Option

RVP Transaction

1

4.0000 USD

American

2025-Jul-18

0.4900 USD

Common

Call Option

Sell Transaction

4

5.0000 USD

American

2025-Oct-17

0.4000 USD

Common

Call Option

Sell Transaction

2

5.0000 USD

American

2025-Oct-17

0.4500 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:

11 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

-300

4.0 USD

 

American

 

15/08/2025

 

Common

Put Option

Purchased

-200

7.0 USD

 

American

 

15/08/2025

 

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

Put Option

Purchased

-700

7.0 USD

 

American

 

18/07/2025

 

Common

Put Option

Purchased

-300

5.0 USD

 

American

 

17/10/2025

 

Common

Call Option

Purchased

2,900

10.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Purchased

270,900

6.0 USD

 

American

 

18/07/2025

 

Common

Put Option

Purchased

-900

5.0 USD

 

American

 

17/07/2026

 

Common

Put Option

Purchased

-11,900

4.0 USD

 

American

 

18/07/2025

 

Common

Call Option

Purchased

300

2.0 USD

 

American

 

17/10/2025

 

Common

Call Option

Purchased

600,000

6.0 USD

 

American

 

18/07/2025

 

Common

Call Option

Purchased

1,000

3.0 USD

 

American

 

15/08/2025

 

Common

Call Option

Purchased

300

15.0 USD

 

American

 

16/01/2026

 

Common

Put Option

Purchased

-201,600

4.0 USD

 

American

 

16/01/2026

 

Common

Put Option

Purchased

-700

6.0 USD

 

American

 

18/07/2025

 

Common

Call Option

Purchased

2,500

5.0 USD

 

American

 

15/08/2025

 

Common

Put Option

Purchased

-13,100

3.0 USD

 

American

 

16/01/2026

 

Common

Put Option

Purchased

-200

6.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Purchased

2,000

3.0 USD

 

American

 

18/07/2025

 

Common

Put Option

Purchased

-100

7.0 USD

 

American

 

17/10/2025

 

Common

Put Option

Purchased

-7,200

3.0 USD

 

American

 

18/07/2025

 

Common

Call Option

Purchased

700

10.0 USD

 

American

 

18/07/2025

 

Common

Call Option

Purchased

17,300

4.0 USD

 

American

 

17/10/2025

 

Common

Call Option

Sold

-1,400

4.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Sold

-159,900

6.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Sold

-1,100

7.0 USD

 

American

 

17/07/2026

 

Common

Call Option

Sold

-2,500

4.0 USD

 

American

 

17/07/2026

 

Common

Put Option

Sold

300

5.0 USD

 

American

 

18/07/2025

 

Common

Call Option

Sold

-2,400

10.0 USD

 

American

 

17/07/2026

 

Common

Call Option

Sold

-2,000

3.0 USD

 

American

 

17/10/2025

 

Common

Call Option

Sold

-37,000

5.0 USD

 

American

 

17/07/2026

 

Common

Call Option

Sold

-106,700

5.0 USD

 

American

 

17/10/2025

 

Common

Call Option

Sold

-8,400

4.0 USD

 

American

 

18/07/2025

 

Common

Call Option

Sold

-100

2.0 USD

 

American

 

17/07/2026

 

Common

Call Option

Sold

-651,300

5.0 USD

 

American

 

18/07/2025

 

Common

Call Option

Sold

-29,400

8.0 USD

 

American

 

18/07/2025

 

Common

Call Option

Sold

-200

7.0 USD

 

American

 

18/07/2025

 

Common

Call Option

Sold

-118,200

7.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Sold

-1,600

6.0 USD

 

American

 

17/10/2025

 

Common

Put Option

Sold

2,600

3.0 USD

 

American

 

17/10/2025

 

Common

Call Option

Sold

-700

12.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Sold

-1,400

3.0 USD

 

American

 

16/01/2026

 

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

 

 

3.         AGREEMENTS TO PURCHASE OR SELL ETC.

 

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

 

 

 

 

 

 

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

 

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

 

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.

 

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

 

 

 

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

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

Compare our accounts

If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.

Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.