Form 8.3 - American Axle & Manufacturing Holdings.


    05 August 2025 15:00:04
  • Source: Sharecast
RNS Number : 0653U
Citadel Group
05 August 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

4 August 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:

1,478,096

1.24

419,963

0.35

(2) Cash-settled derivatives:

 

162,840

0.13

0

0.00

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

203,300

0.17

595,500

0.50

 

     TOTAL:

1,844,236

1.55

1,015,463

0.85

 

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

5,600

4.3150 USD

Common

Buy Transaction

113

4.3200 USD

Common

Buy Transaction

8

4.3250 USD

Common

Buy Transaction

5,307

4.3300 USD

Common

Buy Transaction

800

4.3311 USD

Common

Buy Transaction

3,698

4.3345 USD

Common

Buy Transaction

1,810

4.3350 USD

Common

Buy Transaction

1,045

4.3350 USD

Common

Buy Transaction

4,981

4.3368 USD

Common

Buy Transaction

8,056

4.3400 USD

Common

Buy Transaction

188

4.3407 USD

Common

Buy Transaction

358

4.3412 USD

Common

Buy Transaction

161

4.3416 USD

Common

Buy Transaction

400

4.3450 USD

Common

Buy Transaction

697

4.3459 USD

Common

Buy Transaction

11

4.3464 USD

Common

Buy Transaction

426

4.3486 USD

Common

Buy Transaction

160

4.3487 USD

Common

Buy Transaction

2,256

4.3490 USD

Common

Buy Transaction

7,993

4.3491 USD

Common

Buy Transaction

36,913

4.3500 USD

Common

Buy Transaction

331

4.3508 USD

Common

Buy Transaction

267

4.3511 USD

Common

Buy Transaction

992

4.3517 USD

Common

Buy Transaction

395

4.3525 USD

Common

Buy Transaction

700

4.3529 USD

Common

Buy Transaction

297

4.3532 USD

Common

Buy Transaction

1

4.3533 USD

Common

Buy Transaction

3,212

4.3535 USD

Common

Buy Transaction

195

4.3544 USD

Common

Buy Transaction

2,200

4.3545 USD

Common

Buy Transaction

1,105

4.3546 USD

Common

Buy Transaction

522

4.3547 USD

Common

Buy Transaction

99

4.3551 USD

Common

Buy Transaction

436

4.3558 USD

Common

Buy Transaction

1,938

4.3558 USD

Common

Buy Transaction

800

4.3563 USD

Common

Buy Transaction

503

4.3567 USD

Common

Buy Transaction

15,585

4.3568 USD

Common

Buy Transaction

700

4.3571 USD

Common

Buy Transaction

800

4.3575 USD

Common

Buy Transaction

926

4.3583 USD

Common

Buy Transaction

1,339

4.3597 USD

Common

Buy Transaction

12,776

4.3600 USD

Common

Buy Transaction

66

4.3603 USD

Common

Buy Transaction

673

4.3605 USD

Common

Buy Transaction

58

4.3650 USD

Common

Buy Transaction

302

4.3664 USD

Common

Buy Transaction

1,500

4.3667 USD

Common

Buy Transaction

780

4.3694 USD

Common

Buy Transaction

4,085

4.3695 USD

Common

Buy Transaction

7,603

4.3700 USD

Common

Buy Transaction

1,221

4.3706 USD

Common

Buy Transaction

147

4.3804 USD

Common

Buy Transaction

5,614

4.3900 USD

Common

Sell Transaction

12

4.3192 USD

Common

Sell Transaction

1,256

4.3300 USD

Common

Sell Transaction

800

4.3310 USD

Common

Sell Transaction

537

4.3384 USD

Common

Sell Transaction

4,610

4.3394 USD

Common

Sell Transaction

5,422

4.3397 USD

Common

Sell Transaction

77,509

4.3400 USD

Common

Sell Transaction

1,716

4.3400 USD

Common

Sell Transaction

2,938

4.3403 USD

Common

Sell Transaction

418

4.3408 USD

Common

Sell Transaction

1,117

4.3416 USD

Common

Sell Transaction

428

4.3417 USD

Common

Sell Transaction

2,123

4.3425 USD

Common

Sell Transaction

1,886

4.3432 USD

Common

Sell Transaction

476

4.3434 USD

Common

Sell Transaction

600

4.3450 USD

Common

Sell Transaction

1,500

4.3460 USD

Common

Sell Transaction

3,389

4.3468 USD

Common

Sell Transaction

770

4.3473 USD

Common

Sell Transaction

447

4.3474 USD

Common

Sell Transaction

519

4.3477 USD

Common

Sell Transaction

900

4.3489 USD

Common

Sell Transaction

5,558

4.3500 USD

Common

Sell Transaction

2,000

4.3510 USD

Common

Sell Transaction

4,084

4.3510 USD

Common

Sell Transaction

3,153

4.3521 USD

Common

Sell Transaction

5,280

4.3532 USD

Common

Sell Transaction

800

4.3537 USD

Common

Sell Transaction

248

4.3539 USD

Common

Sell Transaction

652

4.3539 USD

Common

Sell Transaction

466

4.3543 USD

Common

Sell Transaction

3,199

4.3544 USD

Common

Sell Transaction

1,619

4.3545 USD

Common

Sell Transaction

4,770

4.3550 USD

Common

Sell Transaction

883

4.3550 USD

Common

Sell Transaction

777

4.3571 USD

Common

Sell Transaction

265

4.3575 USD

Common

Sell Transaction

3,784

4.3576 USD

Common

Sell Transaction

68

4.3579 USD

Common

Sell Transaction

138

4.3580 USD

Common

Sell Transaction

362

4.3580 USD

Common

Sell Transaction

2,307

4.3581 USD

Common

Sell Transaction

43

4.3591 USD

Common

Sell Transaction

2,002

4.3600 USD

Common

Sell Transaction

438

4.3600 USD

Common

Sell Transaction

433

4.3608 USD

Common

Sell Transaction

194

4.3608 USD

Common

Sell Transaction

167

4.3609 USD

Common

Sell Transaction

627

4.3609 USD

Common

Sell Transaction

358

4.3616 USD

Common

Sell Transaction

300

4.3633 USD

Common

Sell Transaction

56

4.3636 USD

Common

Sell Transaction

672

4.3650 USD

Common

Sell Transaction

167

4.3650 USD

Common

Sell Transaction

111

4.3650 USD

Common

Sell Transaction

85

4.3651 USD

Common

Sell Transaction

55

4.3651 USD

Common

Sell Transaction

851

4.3655 USD

Common

Sell Transaction

2,221

4.3655 USD

Common

Sell Transaction

469

4.3668 USD

Common

Sell Transaction

1,164

4.3668 USD

Common

Sell Transaction

2,280

4.3669 USD

Common

Sell Transaction

631

4.3671 USD

Common

Sell Transaction

1,619

4.3671 USD

Common

Sell Transaction

56

4.3677 USD

Common

Sell Transaction

220

4.3680 USD

Common

Sell Transaction

580

4.3682 USD

Common

Sell Transaction

1,007

4.3683 USD

Common

Sell Transaction

300

4.3683 USD

Common

Sell Transaction

357

4.3690 USD

Common

Sell Transaction

34

4.3691 USD

Common

Sell Transaction

7,600

4.3699 USD

Common

Sell Transaction

3,754

4.3700 USD

Common

Sell Transaction

275

4.3705 USD

Common

Sell Transaction

725

4.3705 USD

Common

Sell Transaction

73

4.3726 USD

Common

Sell Transaction

163

4.3751 USD

Common

Sell Transaction

53

4.3753 USD

Common

Sell Transaction

32

4.3769 USD

Common

Sell Transaction

47

4.3770 USD

Common

Sell Transaction

267

4.3800 USD

Common

Sell Transaction

2,484

4.3872 USD

Common

Sell Transaction

0

4.3884 USD

Common

Sell Transaction

100

4.3900 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

200

4.3700 USD

Common

CFD

Reducing long position

1,000

4.3800 USD

 

(c)        Stock-settled derivative transactions (including options)

 

(i)         Writing, selling, purchasing or varying

 

Class of relevant security

Product description e.g. call option

Writing, purchasing, selling, varying etc.

Number of securities to which option relates

Exercise price per unit

Type

e.g. American, European etc.

Expiry date

Option money paid/ received per unit

Common

Put Option

Buy Transaction

100

3.0000 USD

American

2025-08-15

0.0500 USD

Common

Call Option

Buy Transaction

100

6.0000 USD

American

2025-10-17

0.1500 USD

Common

Call Option

Sell Transaction

500

4.0000 USD

American

2025-08-15

0.4800 USD

Common

Call Option

Sell Transaction

1,000

4.0000 USD

American

2025-08-15

0.5000 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 August 2025

Contact name:

Paula Santos

Telephone number*:

020 7645 9700

 

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

 

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

 

*If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel's Market Surveillance Unit.

 

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

 

 

 


SUPPLEMENTAL FORM 8 (OPEN POSITIONS)

 

DETAILS OF OPEN STOCK-SETTLED DERIVATIVE (INCLUDING OPTION) POSITIONS, AGREEMENTS TO PURCHASE OR SELL ETC.

Note 5(i) on Rule 8 of the Takeover Code (the "Code")

 

 

1.         KEY INFORMATION

 

Full name of person making disclosure:

Citadel Group

Name of offeror/offeree in relation to whose relevant securities the disclosure relates:

AMERICAN AXLE  MANUFACTURING HOLDINGS INC

 

2.         STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)

 

Class of relevant security

Product description e.g. call option

Written or purchased

Number of securities to which option or derivative relates

Exercise price per unit

Type

e.g. American, European etc.

Expiry date

Common

Call Option

Purchased

300

7.0 USD

 

American

 

17/10/2025

 

Common

Put Option

Purchased

-12,100

3.0 USD

 

American

 

15/08/2025

 

Common

Call Option

Purchased

300

15.0 USD

 

American

 

16/01/2026

 

Common

Put Option

Purchased

-8,200

6.0 USD

 

American

 

16/01/2026

 

Common

Put Option

Purchased

-200

7.0 USD

 

American

 

15/08/2025

 

Common

Call Option

Purchased

1,000

3.0 USD

 

American

 

15/08/2025

 

Common

Call Option

Purchased

3,000

10.0 USD

 

American

 

16/01/2026

 

Common

Put Option

Purchased

-600

5.0 USD

 

American

 

19/09/2025

 

Common

Put Option

Purchased

-13,200

3.0 USD

 

American

 

16/01/2026

 

Common

Put Option

Purchased

-900

5.0 USD

 

American

 

17/07/2026

 

Common

Put Option

Purchased

-900

5.0 USD

 

American

 

17/10/2025

 

Common

Put Option

Purchased

-1,900

4.0 USD

 

American

 

15/08/2025

 

Common

Call Option

Purchased

43,400

6.0 USD

 

American

 

17/10/2025

 

Common

Call Option

Purchased

36,200

6.0 USD

 

American

 

16/01/2026

 

Common

Put Option

Purchased

-1,000

6.0 USD

 

American

 

15/08/2025

 

Common

Call Option

Purchased

18,800

4.0 USD

 

American

 

17/10/2025

 

Common

Call Option

Purchased

4,900

5.0 USD

 

American

 

15/08/2025

 

Common

Call Option

Purchased

600

5.0 USD

 

American

 

19/09/2025

 

Common

Call Option

Purchased

300

2.0 USD

 

American

 

17/10/2025

 

Common

Put Option

Purchased

-201,400

4.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Purchased

5,200

6.0 USD

 

American

 

19/09/2025

 

Common

Put Option

Purchased

-100

7.0 USD

 

American

 

17/10/2025

 

Common

Call Option

Sold

-137,700

5.0 USD

 

American

 

17/10/2025

 

Common

Call Option

Sold

-36,700

5.0 USD

 

American

 

17/07/2026

 

Common

Put Option

Sold

600

3.0 USD

 

American

 

17/10/2025

 

Common

Call Option

Sold

-48,500

5.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Sold

-100

2.0 USD

 

American

 

17/07/2026

 

Common

Call Option

Sold

-1,000

7.0 USD

 

American

 

17/07/2026

 

Common

Call Option

Sold

-100

1.0 USD

 

American

 

17/07/2026

 

Common

Call Option

Sold

-700

12.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Sold

-1,400

4.0 USD

 

American

 

16/01/2026

 

Common

Put Option

Sold

88,700

5.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Sold

-117,000

7.0 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

Call Option

Sold

-2,500

4.0 USD

 

American

 

17/07/2026

 

Common

Call Option

Sold

-3,600

4.0 USD

 

American

 

15/08/2025

 

Common

Call Option

Sold

-2,000

3.0 USD

 

American

 

17/10/2025

 

Common

Call Option

Sold

-2,000

10.0 USD

 

American

 

17/07/2026

 

 

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
 
 
RETPKPBPKBKDBFK

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.