Form 8.3 - American Axle & Manufacturing Holdings.


    27 August 2025 15:00:41
  • Source: Sharecast
RNS Number : 8663W
Citadel Group
27 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

26 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:

1,178,568

0.99

703,878

0.59

(2) Cash-settled derivatives:

 

0

0.00

0

0.00

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

227,300

0.19

612,300

0.51

 

     TOTAL:

1,405,868

1.18

1,316,178

1.10

 

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

112

5.8650 USD

Common

Buy Transaction

169

5.8660 USD

Common

Buy Transaction

299

5.8700 USD

Common

Buy Transaction

4,400

5.8727 USD

Common

Buy Transaction

434

5.8739 USD

Common

Buy Transaction

3,428

5.8800 USD

Common

Buy Transaction

1,936

5.8833 USD

Common

Buy Transaction

1,800

5.8850 USD

Common

Buy Transaction

200

5.8875 USD

Common

Buy Transaction

662

5.8900 USD

Common

Buy Transaction

2,063

5.8904 USD

Common

Buy Transaction

344

5.8909 USD

Common

Buy Transaction

26

5.8912 USD

Common

Buy Transaction

119

5.8913 USD

Common

Buy Transaction

309

5.8929 USD

Common

Buy Transaction

830

5.8943 USD

Common

Buy Transaction

1

5.8946 USD

Common

Buy Transaction

210

5.8950 USD

Common

Buy Transaction

1,100

5.8973 USD

Common

Buy Transaction

208

5.8974 USD

Common

Buy Transaction

1,700

5.8982 USD

Common

Buy Transaction

346

5.8994 USD

Common

Buy Transaction

3,014

5.8999 USD

Common

Buy Transaction

67,911

5.9000 USD

Common

Buy Transaction

910

5.9001 USD

Common

Buy Transaction

1,189

5.9004 USD

Common

Buy Transaction

705

5.9044 USD

Common

Buy Transaction

1,583

5.9047 USD

Common

Buy Transaction

30

5.9050 USD

Common

Buy Transaction

87

5.9051 USD

Common

Buy Transaction

3,003

5.9051 USD

Common

Buy Transaction

29

5.9052 USD

Common

Buy Transaction

2,189

5.9055 USD

Common

Buy Transaction

5,257

5.9085 USD

Common

Buy Transaction

900

5.9089 USD

Common

Buy Transaction

6,678

5.9100 USD

Common

Buy Transaction

1,455

5.9106 USD

Common

Buy Transaction

11,004

5.9132 USD

Common

Buy Transaction

300

5.9133 USD

Common

Buy Transaction

200

5.9150 USD

Common

Buy Transaction

1,311

5.9170 USD

Common

Buy Transaction

800

5.9200 USD

Common

Buy Transaction

417

5.9223 USD

Common

Buy Transaction

1,200

5.9225 USD

Common

Buy Transaction

300

5.9233 USD

Common

Buy Transaction

396

5.9265 USD

Common

Buy Transaction

3

5.9267 USD

Common

Buy Transaction

205

5.9300 USD

Common

Buy Transaction

6,106

5.9328 USD

Common

Buy Transaction

8,900

5.9350 USD

Common

Buy Transaction

9,631

5.9354 USD

Common

Buy Transaction

130

5.9396 USD

Common

Sell Transaction

67

5.8600 USD

Common

Sell Transaction

102

5.8700 USD

Common

Sell Transaction

20

5.8750 USD

Common

Sell Transaction

2,371

5.8800 USD

Common

Sell Transaction

4

5.8825 USD

Common

Sell Transaction

4,755

5.8895 USD

Common

Sell Transaction

445

5.8900 USD

Common

Sell Transaction

122

5.8908 USD

Common

Sell Transaction

2,072

5.8915 USD

Common

Sell Transaction

400

5.8925 USD

Common

Sell Transaction

518

5.8950 USD

Common

Sell Transaction

6,877

5.8954 USD

Common

Sell Transaction

5

5.8960 USD

Common

Sell Transaction

709

5.8967 USD

Common

Sell Transaction

55

5.8991 USD

Common

Sell Transaction

44,955

5.9000 USD

Common

Sell Transaction

159

5.9004 USD

Common

Sell Transaction

1,203

5.9009 USD

Common

Sell Transaction

1,418

5.9011 USD

Common

Sell Transaction

289

5.9013 USD

Common

Sell Transaction

7

5.9014 USD

Common

Sell Transaction

920

5.9020 USD

Common

Sell Transaction

546

5.9029 USD

Common

Sell Transaction

2,121

5.9033 USD

Common

Sell Transaction

600

5.9033 USD

Common

Sell Transaction

216

5.9037 USD

Common

Sell Transaction

2,526

5.9042 USD

Common

Sell Transaction

330

5.9042 USD

Common

Sell Transaction

108

5.9046 USD

Common

Sell Transaction

2,160

5.9050 USD

Common

Sell Transaction

105

5.9050 USD

Common

Sell Transaction

105

5.9051 USD

Common

Sell Transaction

373

5.9064 USD

Common

Sell Transaction

40

5.9075 USD

Common

Sell Transaction

700

5.9086 USD

Common

Sell Transaction

2,400

5.9086 USD

Common

Sell Transaction

1,390

5.9088 USD

Common

Sell Transaction

38

5.9095 USD

Common

Sell Transaction

104

5.9095 USD

Common

Sell Transaction

74

5.9096 USD

Common

Sell Transaction

1,616

5.9100 USD

Common

Sell Transaction

38

5.9105 USD

Common

Sell Transaction

10,500

5.9106 USD

Common

Sell Transaction

2,000

5.9110 USD

Common

Sell Transaction

1,500

5.9113 USD

Common

Sell Transaction

300

5.9117 USD

Common

Sell Transaction

238

5.9120 USD

Common

Sell Transaction

771

5.9129 USD

Common

Sell Transaction

3,533

5.9134 USD

Common

Sell Transaction

95

5.9138 USD

Common

Sell Transaction

17,400

5.9141 USD

Common

Sell Transaction

13,065

5.9142 USD

Common

Sell Transaction

518

5.9150 USD

Common

Sell Transaction

45

5.9151 USD

Common

Sell Transaction

15

5.9153 USD

Common

Sell Transaction

1,497

5.9157 USD

Common

Sell Transaction

515

5.9162 USD

Common

Sell Transaction

800

5.9162 USD

Common

Sell Transaction

1,906

5.9171 USD

Common

Sell Transaction

2,546

5.9175 USD

Common

Sell Transaction

130

5.9185 USD

Common

Sell Transaction

3,087

5.9185 USD

Common

Sell Transaction

482

5.9193 USD

Common

Sell Transaction

1,049

5.9199 USD

Common

Sell Transaction

33

5.9200 USD

Common

Sell Transaction

244

5.9203 USD

Common

Sell Transaction

2,723

5.9211 USD

Common

Sell Transaction

1,706

5.9211 USD

Common

Sell Transaction

60

5.9217 USD

Common

Sell Transaction

500

5.9220 USD

Common

Sell Transaction

2,829

5.9229 USD

Common

Sell Transaction

14,100

5.9232 USD

Common

Sell Transaction

300

5.9233 USD

Common

Sell Transaction

1,350

5.9245 USD

Common

Sell Transaction

52

5.9250 USD

Common

Sell Transaction

136

5.9256 USD

Common

Sell Transaction

4,626

5.9300 USD

Common

Sell Transaction

2

5.9311 USD

Common

Sell Transaction

900

5.9333 USD

Common

Sell Transaction

4

5.9350 USD

Common

Sell Transaction

41

5.9351 USD

Common

Sell Transaction

9,631

5.9354 USD

Common

Sell Transaction

5

5.9380 USD

Common

Sell Transaction

1,349

5.9383 USD

Common

Sell Transaction

270

5.9390 USD

Common

Sell Transaction

23

5.9396 USD

Common

Sell Transaction

96

5.9397 USD

Common

Sell Transaction

3,748

5.9400 USD

Common

Sell Transaction

200

5.9437 USD

Common

Sell Transaction

200

5.9500 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

100

5.0000 USD

American

2026-01-16

0.3000 USD

Common

Call Option

Buy Transaction

100

10.0000 USD

American

2026-07-17

0.3000 USD

Common

Call Option

Buy Transaction

100

10.0000 USD

American

2026-07-17

0.4000 USD

Common

Call Option

Buy Transaction

4,300

6.0000 USD

American

2026-01-16

0.7500 USD

Common

Call Option

Sell Transaction

100

6.0000 USD

American

2025-10-17

0.4400 USD

Common

Call Option

Sell Transaction

200

5.0000 USD

American

2026-01-16

1.3500 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:

27 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

Put Option

Purchased

-500

3.0 USD

 

American

 

17/04/2026

 

Common

Call Option

Purchased

3,000

10.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Purchased

15,700

4.0 USD

 

American

 

17/10/2025

 

Common

Call Option

Purchased

1,000

8.0 USD

 

American

 

17/10/2025

 

Common

Put Option

Purchased

-17,200

3.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Purchased

800

3.0 USD

 

American

 

17/07/2026

 

Common

Put Option

Purchased

-8,200

6.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Purchased

7,100

6.0 USD

 

American

 

19/09/2025

 

Common

Call Option

Purchased

100

4.0 USD

 

American

 

19/09/2025

 

Common

Call Option

Purchased

300

2.0 USD

 

American

 

17/10/2025

 

Common

Call Option

Purchased

1,400

5.0 USD

 

American

 

19/09/2025

 

Common

Call Option

Purchased

44,000

6.0 USD

 

American

 

16/01/2026

 

Common

Put Option

Purchased

-10,700

5.0 USD

 

American

 

17/04/2026

 

Common

Put Option

Purchased

-400

5.0 USD

 

American

 

19/09/2025

 

Common

Call Option

Purchased

1,000

5.0 USD

 

American

 

17/04/2026

 

Common

Call Option

Purchased

100

8.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Purchased

35,800

6.0 USD

 

American

 

17/10/2025

 

Common

Put Option

Purchased

-100

7.0 USD

 

American

 

17/10/2025

 

Common

Put Option

Purchased

-215,600

4.0 USD

 

American

 

16/01/2026

 

Common

Put Option

Purchased

-1,200

5.0 USD

 

American

 

17/07/2026

 

Common

Call Option

Purchased

300

3.0 USD

 

American

 

17/10/2025

 

Common

Call Option

Purchased

22,000

7.0 USD

 

American

 

17/10/2025

 

Common

Call Option

Sold

-12,500

15.0 USD

 

American

 

16/01/2026

 

Common

Put Option

Sold

600

3.0 USD

 

American

 

17/10/2025

 

Common

Call Option

Sold

-41,600

5.0 USD

 

American

 

17/07/2026

 

Common

Put Option

Sold

92,700

5.0 USD

 

American

 

16/01/2026

 

Common

Put Option

Sold

800

5.0 USD

 

American

 

17/10/2025

 

Common

Call Option

Sold

-107,600

7.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Sold

-1,400

3.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Sold

-1,400

4.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Sold

-900

4.0 USD

 

American

 

17/07/2026

 

Common

Put Option

Sold

500

6.0 USD

 

American

 

19/09/2025

 

Common

Call Option

Sold

-1,000

7.0 USD

 

American

 

17/07/2026

 

Common

Call Option

Sold

-6,200

12.0 USD

 

American

 

16/01/2026

 

Common

Put Option

Sold

100

6.0 USD

 

American

 

17/10/2025

 

Common

Call Option

Sold

-100

1.0 USD

 

American

 

17/07/2026

 

Common

Call Option

Sold

-130,400

5.0 USD

 

American

 

17/10/2025

 

Common

Call Option

Sold

-54,300

5.0 USD

 

American

 

16/01/2026

 

Common

Call Option

Sold

-1,000

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.

 

 

 

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