20250822_AMERICAN AXLE &_8.3_BAC.


    26 August 2025 23:05:11
  • Source: Sharecast
RNS Number : 5252W
Bank of America Merrill Lynch
25 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:

Bank of America Corporation

(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.


(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:


(e)

Date position held/dealing undertaken:
For an opening position disclosure, state the latest
practicable date prior to the disclosure

22/08/2025

(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"

No

 

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:

USD 0.01 common


Interests

Short Positions

Number

%

Number

%

(1)

Relevant securities owned
and/or controlled:

1,214,878

1.033%

470,989

0.401%

(2)

Cash-settled derivatives:

591,906

0.503%

1,194,314

1.016%

(3)

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

0

0.000%

1,000

0.001%

TOTAL:

1,806,784

1.536%

1,666,303

1.418%

 

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

USD 0.0001 common

Purchase

27

5.7933 USD

USD 0.0001 common

Purchase

27

5.798 USD

USD 0.0001 common

Purchase

104

5.8 USD

USD 0.0001 common

Purchase

225

5.81 USD

USD 0.0001 common

Purchase

18

5.8126 USD

USD 0.0001 common

Purchase

17

5.8136 USD

USD 0.0001 common

Purchase

16

5.8148 USD

USD 0.0001 common

Purchase

22

5.815 USD

USD 0.0001 common

Purchase

178

5.82 USD

USD 0.0001 common

Purchase

3

5.825 USD

USD 0.0001 common

Purchase

192

5.83 USD

USD 0.0001 common

Purchase

33

5.8342 USD

USD 0.0001 common

Purchase

17

5.8358 USD

USD 0.0001 common

Purchase

17

5.8376 USD

USD 0.0001 common

Purchase

99

5.84 USD

USD 0.0001 common

Purchase

17

5.8439 USD

USD 0.0001 common

Purchase

35

5.845 USD

USD 0.0001 common

Purchase

17

5.8451 USD

USD 0.0001 common

Purchase

262

5.85 USD

USD 0.0001 common

Purchase

18

5.851 USD

USD 0.0001 common

Purchase

13

5.8519 USD

USD 0.0001 common

Purchase

17

5.8561 USD

USD 0.0001 common

Purchase

153

5.86 USD

USD 0.0001 common

Purchase

96

5.87 USD

USD 0.0001 common

Purchase

42

5.89 USD

USD 0.0001 common

Purchase

24

5.8978 USD

USD 0.0001 common

Purchase

141

5.9 USD

USD 0.0001 common

Purchase

14

5.9004 USD

USD 0.0001 common

Purchase

195

5.91 USD

USD 0.0001 common

Purchase

21

5.9143 USD

USD 0.0001 common

Purchase

287

5.92 USD

USD 0.0001 common

Purchase

25

5.927 USD

USD 0.0001 common

Purchase

248

5.93 USD

USD 0.0001 common

Purchase

20

5.931 USD

USD 0.0001 common

Purchase

20

5.9311 USD

USD 0.0001 common

Purchase

26

5.9313 USD

USD 0.0001 common

Purchase

18

5.932 USD

USD 0.0001 common

Purchase

15

5.9367 USD

USD 0.0001 common

Purchase

21

5.937 USD

USD 0.0001 common

Purchase

18

5.9373 USD

USD 0.0001 common

Purchase

72

5.94 USD

USD 0.0001 common

Purchase

22

5.9413 USD

USD 0.0001 common

Purchase

14

5.9449 USD

USD 0.0001 common

Purchase

28

5.9489 USD

USD 0.0001 common

Purchase

258

5.95 USD

USD 0.0001 common

Purchase

20

5.9682 USD

USD 0.0001 common

Purchase

6

5.97 USD

USD 0.0001 common

Purchase

18

5.98 USD

USD 0.0001 common

Purchase

19

5.9912 USD

USD 0.0001 common

Purchase

24

6 USD

USD 0.0001 common

Purchase

17

6.02 USD

USD 0.0001 common

Purchase

6

5.73 USD        

USD 0.0001 common

Purchase

6

5.765 USD        

USD 0.0001 common

Purchase

2

5.78 USD        

USD 0.0001 common

Purchase

52

5.8063 USD        

USD 0.0001 common

Purchase

29

5.8096 USD        

USD 0.0001 common

Purchase

61

5.8099 USD        

USD 0.0001 common

Purchase

26

5.81 USD        

USD 0.0001 common

Purchase

51

5.8101 USD        

USD 0.0001 common

Purchase

42

5.8102 USD        

USD 0.0001 common

Purchase

27

5.8124 USD        

USD 0.0001 common

Purchase

29

5.8137 USD        

USD 0.0001 common

Purchase

33

5.8148 USD        

USD 0.0001 common

Purchase

354

5.815 USD        

USD 0.0001 common

Purchase

57

5.8151 USD        

USD 0.0001 common

Purchase

34

5.8152 USD        

USD 0.0001 common

Purchase

50

5.8171 USD        

USD 0.0001 common

Purchase

34

5.8172 USD        

USD 0.0001 common

Purchase

61

5.8181 USD        

USD 0.0001 common

Purchase

25

5.8188 USD        

USD 0.0001 common

Purchase

63

5.8228 USD        

USD 0.0001 common

Purchase

100

5.825 USD        

USD 0.0001 common

Purchase

139,572

5.83 USD        

USD 0.0001 common

Purchase

44

5.8326 USD        

USD 0.0001 common

Purchase

22

5.8335 USD        

USD 0.0001 common

Purchase

60

5.8336 USD        

USD 0.0001 common

Purchase

23

5.8342 USD        

USD 0.0001 common

Purchase

53

5.8343 USD        

USD 0.0001 common

Purchase

32

5.8346 USD        

USD 0.0001 common

Purchase

60

5.8353 USD        

USD 0.0001 common

Purchase

21

5.8354 USD        

USD 0.0001 common

Purchase

45

5.8372 USD        

USD 0.0001 common

Purchase

21

5.8373 USD        

USD 0.0001 common

Purchase

208

5.84 USD        

USD 0.0001 common

Purchase

85

5.8436 USD        

USD 0.0001 common

Purchase

44

5.8449 USD        

USD 0.0001 common

Purchase

24

5.845 USD        

USD 0.0001 common

Purchase

91

5.8469 USD        

USD 0.0001 common

Purchase

21

5.847 USD        

USD 0.0001 common

Purchase

47

5.8471 USD        

USD 0.0001 common

Purchase

50

5.8474 USD        

USD 0.0001 common

Purchase

29

5.8478 USD        

USD 0.0001 common

Purchase

27

5.8512 USD        

USD 0.0001 common

Purchase

69

5.8515 USD        

USD 0.0001 common

Purchase

19

5.8517 USD        

USD 0.0001 common

Purchase

45

5.8518 USD        

USD 0.0001 common

Purchase

71

5.8583 USD        

USD 0.0001 common

Purchase

80

5.8611 USD        

USD 0.0001 common

Purchase

74

5.8628 USD        

USD 0.0001 common

Purchase

74

5.8643 USD        

USD 0.0001 common

Purchase

69

5.8717 USD        

USD 0.0001 common

Purchase

72

5.8744 USD        

USD 0.0001 common

Purchase

100

5.88 USD        

USD 0.0001 common

Purchase

40

5.898 USD        

USD 0.0001 common

Purchase

72

5.9 USD        

USD 0.0001 common

Purchase

67

5.9012 USD        

USD 0.0001 common

Purchase

91

5.909 USD        

USD 0.0001 common

Purchase

79

5.9107 USD        

USD 0.0001 common

Purchase

43

5.9138 USD        

USD 0.0001 common

Purchase

46

5.9144 USD        

USD 0.0001 common

Purchase

130

5.9149 USD        

USD 0.0001 common

Purchase

37

5.9153 USD        

USD 0.0001 common

Purchase

74

5.9199 USD        

USD 0.0001 common

Purchase

68

5.9212 USD        

USD 0.0001 common

Purchase

77

5.9239 USD        

USD 0.0001 common

Purchase

78

5.924 USD        

USD 0.0001 common

Purchase

77

5.9248 USD        

USD 0.0001 common

Purchase

80

5.9258 USD        

USD 0.0001 common

Purchase

87

5.9288 USD        

USD 0.0001 common

Purchase

2

5.94 USD        

USD 0.0001 common

Purchase

76

5.9415 USD        

USD 0.0001 common

Purchase

85

5.9425 USD        

USD 0.0001 common

Purchase

70

5.9432 USD        

USD 0.0001 common

Purchase

79

5.9475 USD        

USD 0.0001 common

Purchase

73

5.951 USD        

USD 0.0001 common

Purchase

90

5.9548 USD        

USD 0.0001 common

Purchase

83

5.9608 USD        

USD 0.0001 common

Purchase

1

5.8098 USD

USD 0.0001 common

Purchase

1

5.945 USD

 

Class of relevant security

Purchase/sale

Number of
securities

Price per unit

USD 0.0001 common

Sale

112

5.79 USD

USD 0.0001 common

Sale

36

5.8 USD

USD 0.0001 common

Sale

126

5.81 USD

USD 0.0001 common

Sale

2

5.8118 USD

USD 0.0001 common

Sale

208

5.815 USD

USD 0.0001 common

Sale

187

5.82 USD

USD 0.0001 common

Sale

30

5.825 USD

USD 0.0001 common

Sale

123,686

5.83 USD

USD 0.0001 common

Sale

8

5.835 USD

USD 0.0001 common

Sale

326

5.84 USD

USD 0.0001 common

Sale

23

5.8475 USD

USD 0.0001 common

Sale

23

5.8491 USD

USD 0.0001 common

Sale

257

5.85 USD

USD 0.0001 common

Sale

28

5.8523 USD

USD 0.0001 common

Sale

18

5.8562 USD

USD 0.0001 common

Sale

25

5.8564 USD

USD 0.0001 common

Sale

240

5.86 USD

USD 0.0001 common

Sale

6

5.8659 USD

USD 0.0001 common

Sale

51

5.87 USD

USD 0.0001 common

Sale

20

5.8718 USD

USD 0.0001 common

Sale

24

5.89 USD

USD 0.0001 common

Sale

30

5.895 USD

USD 0.0001 common

Sale

25

5.8996 USD

USD 0.0001 common

Sale

49

5.9 USD

USD 0.0001 common

Sale

17

5.9011 USD

USD 0.0001 common

Sale

19

5.9096 USD

USD 0.0001 common

Sale

135

5.91 USD

USD 0.0001 common

Sale

17

5.9141 USD

USD 0.0001 common

Sale

23

5.9147 USD

USD 0.0001 common

Sale

18

5.9165 USD

USD 0.0001 common

Sale

19

5.9199 USD

USD 0.0001 common

Sale

188

5.92 USD

USD 0.0001 common

Sale

21

5.9212 USD

USD 0.0001 common

Sale

22

5.9238 USD

USD 0.0001 common

Sale

19

5.9255 USD

USD 0.0001 common

Sale

156

5.93 USD

USD 0.0001 common

Sale

60

5.94 USD

USD 0.0001 common

Sale

90

5.95 USD

USD 0.0001 common

Sale

12

5.97 USD

USD 0.0001 common

Sale

29

5.99 USD

USD 0.0001 common

Sale

30

6.01 USD

USD 0.0001 common

Sale

3

5.73 USD        

USD 0.0001 common

Sale

22

5.745 USD        

USD 0.0001 common

Sale

2

5.75 USD        

USD 0.0001 common

Sale

22

5.76 USD        

USD 0.0001 common

Sale

3

5.77 USD        

USD 0.0001 common

Sale

4

5.78 USD        

USD 0.0001 common

Sale

3

5.79 USD        

USD 0.0001 common

Sale

8

5.8 USD        

USD 0.0001 common

Sale

3

5.81 USD        

USD 0.0001 common

Sale

14

5.82 USD        

USD 0.0001 common

Sale

6,491

5.83 USD        

USD 0.0001 common

Sale

131,400

5.859093 USD        

USD 0.0001 common

Sale

1,442

5.865949 USD        

USD 0.0001 common

Sale

300

5.8896 USD        

USD 0.0001 common

Sale

3

5.91 USD        

USD 0.0001 common

Sale

1

5.95 USD        

USD 0.0001 common

Sale

1

 5.805 USD

USD 0.0001 common

Sale

6

 5.8201 USD

USD 0.0001 common

Sale

112

 5.925 USD

USD 0.0001 common

Sale

150

 6 USD

USD 0.0001 common

Sale

41

 6.0201 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

USD 0.01 common

Swaps - Equity Swaps

Increasing a Long Position

300

5.8886 USD

USD 0.01 common

Swaps - Equity Swaps

Reducing a Short Position

90,343

USD 0.01 common

Swaps - Equity Swaps

Reducing a Short Position

41,057

5.85879291 USD

USD 0.01 common

Swaps - Equity Swaps

Reducing a Long Position

123,538

5.83 USD

USD 0.01 common

Swaps - Equity Swaps

Reducing a Short Position

123,538

5.83 USD

USD 0.01 common

Swaps - Equity Swaps

Reducing a Short Position

151

5.865649 USD

USD 0.01 common

Swaps - Equity Swaps

Reducing a Short Position

210

5.865649 USD

USD 0.01 common

Swaps - Equity Swaps

Reducing a Short Position

1,081

5.865649 USD

USD 0.01 common

Swaps - Equity Swaps

Reducing a Short Position

6,477

5.82749999999999 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

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

(ii)

Exercise

Class of relevant security

Product description
e.g. call option

Exercising/
exercised
against

Number of
securities

Exercise Price per
unit

N/A

N/A

N/A

N/A

N/A

 

(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)

N/A

N/A

N/A

N/A

 

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:

25/08/2025

Contact name:

Frank Lui

Telephone number:

+44207 996 6418

 

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.

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:

Bank of America Corporation

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

USD 0.01 common

Call Equity Options

Short

1,000

6 USD

AMERICAN

17/10/2025

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:

None

 

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
dealing disclosure requirements on +44(0)20 7638 0129.

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

 

 

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