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 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: | 946,991 | 0.80 | 905,188 | 0.76 |
| (2) Cash-settled derivatives:
| 255,116 | 0.21 | 0 | 0.00 |
| (3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 2,050,700 | 1.73 | 576,800 | 0.48 |
|
TOTAL: | 3,252,807 | 2.74 | 1,481,988 | 1.25 |
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 | 100 | 4.2775 USD |
| Common | Buy Transaction | 568 | 4.3000 USD |
| Common | Buy Transaction | 100 | 4.3100 USD |
| Common | Buy Transaction | 45 | 4.3200 USD |
| Common | Buy Transaction | 78 | 4.3223 USD |
| Common | Buy Transaction | 800 | 4.3238 USD |
| Common | Buy Transaction | 100 | 4.3300 USD |
| Common | Buy Transaction | 1,199 | 4.3326 USD |
| Common | Buy Transaction | 500 | 4.3363 USD |
| Common | Buy Transaction | 1,400 | 4.3371 USD |
| Common | Buy Transaction | 252 | 4.3386 USD |
| Common | Buy Transaction | 100 | 4.3400 USD |
| Common | Buy Transaction | 350 | 4.3411 USD |
| Common | Buy Transaction | 278 | 4.3428 USD |
| Common | Buy Transaction | 450 | 4.3450 USD |
| Common | Buy Transaction | 393 | 4.3456 USD |
| Common | Buy Transaction | 73 | 4.3497 USD |
| Common | Buy Transaction | 341 | 4.3499 USD |
| Common | Buy Transaction | 788 | 4.3500 USD |
| Common | Buy Transaction | 334 | 4.3500 USD |
| Common | Buy Transaction | 3,835 | 4.3518 USD |
| Common | Buy Transaction | 1,300 | 4.3531 USD |
| Common | Buy Transaction | 931 | 4.3614 USD |
| Common | Buy Transaction | 1,168 | 4.3671 USD |
| Common | Buy Transaction | 1,054 | 4.3681 USD |
| Common | Buy Transaction | 200 | 4.3700 USD |
| Common | Buy Transaction | 2,156 | 4.3723 USD |
| Common | Buy Transaction | 6,553 | 4.3738 USD |
| Common | Buy Transaction | 1,300 | 4.3738 USD |
| Common | Buy Transaction | 375 | 4.3744 USD |
| Common | Buy Transaction | 2,189 | 4.3749 USD |
| Common | Buy Transaction | 400 | 4.3750 USD |
| Common | Buy Transaction | 463 | 4.3761 USD |
| Common | Buy Transaction | 706 | 4.3766 USD |
| Common | Buy Transaction | 722 | 4.3770 USD |
| Common | Buy Transaction | 3,281 | 4.3778 USD |
| Common | Buy Transaction | 400 | 4.3800 USD |
| Common | Buy Transaction | 625 | 4.3804 USD |
| Common | Buy Transaction | 3,117 | 4.3816 USD |
| Common | Buy Transaction | 180 | 4.3830 USD |
| Common | Buy Transaction | 300 | 4.3833 USD |
| Common | Buy Transaction | 130 | 4.3850 USD |
| Common | Buy Transaction | 2,052 | 4.3851 USD |
| Common | Buy Transaction | 2,000 | 4.3855 USD |
| Common | Buy Transaction | 883 | 4.3858 USD |
| Common | Buy Transaction | 1,408 | 4.3860 USD |
| Common | Buy Transaction | 2,215 | 4.3864 USD |
| Common | Buy Transaction | 827 | 4.3864 USD |
| Common | Buy Transaction | 1,353 | 4.3872 USD |
| Common | Buy Transaction | 1,649 | 4.3885 USD |
| Common | Buy Transaction | 2,800 | 4.3895 USD |
| Common | Buy Transaction | 474 | 4.3896 USD |
| Common | Buy Transaction | 2,044 | 4.3900 USD |
| Common | Buy Transaction | 2,494 | 4.3915 USD |
| Common | Buy Transaction | 1,036 | 4.3920 USD |
| Common | Buy Transaction | 34,944 | 4.3923 USD |
| Common | Buy Transaction | 1,306 | 4.3929 USD |
| Common | Buy Transaction | 582 | 4.3939 USD |
| Common | Buy Transaction | 849 | 4.3943 USD |
| Common | Buy Transaction | 1,517 | 4.3947 USD |
| Common | Buy Transaction | 300 | 4.3950 USD |
| Common | Buy Transaction | 3,688 | 4.3950 USD |
| Common | Buy Transaction | 778 | 4.3950 USD |
| Common | Buy Transaction | 1,842 | 4.3951 USD |
| Common | Buy Transaction | 2,548 | 4.3957 USD |
| Common | Buy Transaction | 25 | 4.3960 USD |
| Common | Buy Transaction | 1,087 | 4.3979 USD |
| Common | Buy Transaction | 1,423 | 4.3987 USD |
| Common | Buy Transaction | 1,733 | 4.3988 USD |
| Common | Buy Transaction | 614 | 4.3993 USD |
| Common | Buy Transaction | 235 | 4.3994 USD |
| Common | Buy Transaction | 1,135 | 4.4000 USD |
| Common | Buy Transaction | 744 | 4.4002 USD |
| Common | Buy Transaction | 529 | 4.4038 USD |
| Common | Buy Transaction | 400 | 4.4050 USD |
| Common | Buy Transaction | 441 | 4.4100 USD |
| Common | Buy Transaction | 1,426 | 4.4117 USD |
| Common | Buy Transaction | 63,713 | 4.4134 USD |
| Common | Buy Transaction | 6,200 | 4.4140 USD |
| Common | Buy Transaction | 300 | 4.4150 USD |
| Common | Buy Transaction | 700 | 4.4171 USD |
| Common | Buy Transaction | 178 | 4.4197 USD |
| Common | Buy Transaction | 200 | 4.4200 USD |
| Common | Buy Transaction | 4,380 | 4.4221 USD |
| Common | Buy Transaction | 15,883 | 4.4248 USD |
| Common | Buy Transaction | 1,000 | 4.4260 USD |
| Common | Buy Transaction | 3,072 | 4.4300 USD |
| Common | Buy Transaction | 26,146 | 4.4303 USD |
| Common | Buy Transaction | 10 | 4.4310 USD |
| Common | Buy Transaction | 322 | 4.4323 USD |
| Common | Buy Transaction | 464 | 4.4392 USD |
| Common | Buy Transaction | 30,725 | 4.4400 USD |
| Common | Buy Transaction | 2,217 | 4.4409 USD |
| Common | Buy Transaction | 1,000 | 4.4410 USD |
| Common | Buy Transaction | 842 | 4.4422 USD |
| Common | Buy Transaction | 216 | 4.4435 USD |
| Common | Buy Transaction | 1,947 | 4.4500 USD |
| Common | Buy Transaction | 2,040 | 4.4506 USD |
| Common | Buy Transaction | 600 | 4.4517 USD |
| Common | Buy Transaction | 428 | 4.4520 USD |
| Common | Buy Transaction | 237 | 4.4550 USD |
| Common | Buy Transaction | 1,306 | 4.4600 USD |
| Common | Buy Transaction | 522 | 4.4601 USD |
| Common | Buy Transaction | 428 | 4.4614 USD |
| Common | Buy Transaction | 140 | 4.4640 USD |
| Common | Buy Transaction | 130 | 4.4650 USD |
| Common | Buy Transaction | 5,481 | 4.4654 USD |
| Common | Buy Transaction | 40 | 4.4800 USD |
| Common | Buy Transaction | 50,630 | 4.4900 USD |
| Common | Buy Transaction | 176 | 4.5100 USD |
| Common | DVP Transaction | 620 | 4.3478 USD |
| Common | DVP Transaction | 1 | 4.3900 USD |
| Common | DVP Transaction | 30,600 | 4.4400 USD |
| Common | DVP Transaction | 6 | 4.4600 USD |
| Common | DVP Transaction | 3 | 4.4633 USD |
| Common | DVP Transaction | 30 | 4.4650 USD |
| Common | DVP Transaction | 1 | 4.4700 USD |
| Common | DVP Transaction | 40,614 | 4.4900 USD |
| Common | DVP Transaction | 700 | 4.5100 USD |
| Common | RVP Transaction | 592 | 4.3474 USD |
| Common | RVP Transaction | 3 | 4.4000 USD |
| Common | RVP Transaction | 30,600 | 4.4400 USD |
| Common | RVP Transaction | 7 | 4.4600 USD |
| Common | RVP Transaction | 88 | 4.4627 USD |
| Common | RVP Transaction | 32 | 4.4650 USD |
| Common | RVP Transaction | 1 | 4.4700 USD |
| Common | RVP Transaction | 40,612 | 4.4900 USD |
| Common | RVP Transaction | 640 | 4.5100 USD |
| Common | Sell Transaction | 100 | 4.3000 USD |
| Common | Sell Transaction | 100 | 4.3050 USD |
| Common | Sell Transaction | 16 | 4.3100 USD |
| Common | Sell Transaction | 1,001 | 4.3191 USD |
| Common | Sell Transaction | 50 | 4.3200 USD |
| Common | Sell Transaction | 10 | 4.3220 USD |
| Common | Sell Transaction | 200 | 4.3250 USD |
| Common | Sell Transaction | 328 | 4.3300 USD |
| Common | Sell Transaction | 400 | 4.3325 USD |
| Common | Sell Transaction | 11,610 | 4.3344 USD |
| Common | Sell Transaction | 20 | 4.3350 USD |
| Common | Sell Transaction | 5,100 | 4.3359 USD |
| Common | Sell Transaction | 500 | 4.3380 USD |
| Common | Sell Transaction | 600 | 4.3400 USD |
| Common | Sell Transaction | 500 | 4.3460 USD |
| Common | Sell Transaction | 210 | 4.3500 USD |
| Common | Sell Transaction | 7,983 | 4.3534 USD |
| Common | Sell Transaction | 100 | 4.3550 USD |
| Common | Sell Transaction | 4,917 | 4.3600 USD |
| Common | Sell Transaction | 1,300 | 4.3615 USD |
| Common | Sell Transaction | 125,893 | 4.3635 USD |
| Common | Sell Transaction | 600 | 4.3650 USD |
| Common | Sell Transaction | 300 | 4.3667 USD |
| Common | Sell Transaction | 1,155 | 4.3700 USD |
| Common | Sell Transaction | 1,096 | 4.3722 USD |
| Common | Sell Transaction | 2 | 4.3728 USD |
| Common | Sell Transaction | 800 | 4.3738 USD |
| Common | Sell Transaction | 1,269 | 4.3744 USD |
| Common | Sell Transaction | 1,641 | 4.3745 USD |
| Common | Sell Transaction | 600 | 4.3750 USD |
| Common | Sell Transaction | 1,200 | 4.3800 USD |
| Common | Sell Transaction | 3,756 | 4.3833 USD |
| Common | Sell Transaction | 280 | 4.3850 USD |
| Common | Sell Transaction | 500 | 4.3860 USD |
| Common | Sell Transaction | 780 | 4.3861 USD |
| Common | Sell Transaction | 800 | 4.3863 USD |
| Common | Sell Transaction | 8,443 | 4.3892 USD |
| Common | Sell Transaction | 500 | 4.3900 USD |
| Common | Sell Transaction | 17,727 | 4.3909 USD |
| Common | Sell Transaction | 712 | 4.3937 USD |
| Common | Sell Transaction | 3,529 | 4.3946 USD |
| Common | Sell Transaction | 700 | 4.3971 USD |
| Common | Sell Transaction | 8,358 | 4.3991 USD |
| Common | Sell Transaction | 2,796 | 4.3994 USD |
| Common | Sell Transaction | 392 | 4.3997 USD |
| Common | Sell Transaction | 715 | 4.4013 USD |
| Common | Sell Transaction | 411 | 4.4019 USD |
| Common | Sell Transaction | 608 | 4.4026 USD |
| Common | Sell Transaction | 332 | 4.4042 USD |
| Common | Sell Transaction | 50 | 4.4050 USD |
| Common | Sell Transaction | 1,271 | 4.4064 USD |
| Common | Sell Transaction | 3,391 | 4.4065 USD |
| Common | Sell Transaction | 1,080 | 4.4066 USD |
| Common | Sell Transaction | 10,930 | 4.4073 USD |
| Common | Sell Transaction | 102 | 4.4092 USD |
| Common | Sell Transaction | 1,201 | 4.4100 USD |
| Common | Sell Transaction | 409 | 4.4101 USD |
| Common | Sell Transaction | 3,111 | 4.4108 USD |
| Common | Sell Transaction | 7,700 | 4.4117 USD |
| Common | Sell Transaction | 104 | 4.4123 USD |
| Common | Sell Transaction | 2,904 | 4.4130 USD |
| Common | Sell Transaction | 32,660 | 4.4141 USD |
| Common | Sell Transaction | 3 | 4.4167 USD |
| Common | Sell Transaction | 482 | 4.4167 USD |
| Common | Sell Transaction | 918 | 4.4200 USD |
| Common | Sell Transaction | 1,272 | 4.4218 USD |
| Common | Sell Transaction | 306 | 4.4250 USD |
| Common | Sell Transaction | 34 | 4.4253 USD |
| Common | Sell Transaction | 6,521 | 4.4256 USD |
| Common | Sell Transaction | 517 | 4.4261 USD |
| Common | Sell Transaction | 319 | 4.4262 USD |
| Common | Sell Transaction | 750 | 4.4270 USD |
| Common | Sell Transaction | 551 | 4.4272 USD |
| Common | Sell Transaction | 619 | 4.4286 USD |
| Common | Sell Transaction | 22 | 4.4291 USD |
| Common | Sell Transaction | 2,216 | 4.4300 USD |
| Common | Sell Transaction | 2,399 | 4.4302 USD |
| Common | Sell Transaction | 600 | 4.4308 USD |
| Common | Sell Transaction | 34 | 4.4332 USD |
| Common | Sell Transaction | 400 | 4.4375 USD |
| Common | Sell Transaction | 3,658 | 4.4400 USD |
| Common | Sell Transaction | 50 | 4.4450 USD |
| Common | Sell Transaction | 710 | 4.4470 USD |
| Common | Sell Transaction | 118 | 4.4497 USD |
| Common | Sell Transaction | 3,203 | 4.4500 USD |
| Common | Sell Transaction | 7,090 | 4.4509 USD |
| Common | Sell Transaction | 301 | 4.4524 USD |
| Common | Sell Transaction | 3,645 | 4.4531 USD |
| Common | Sell Transaction | 3,793 | 4.4540 USD |
| Common | Sell Transaction | 801 | 4.4550 USD |
| Common | Sell Transaction | 1,834 | 4.4552 USD |
| Common | Sell Transaction | 157 | 4.4559 USD |
| Common | Sell Transaction | 1,211 | 4.4562 USD |
| Common | Sell Transaction | 1,063 | 4.4578 USD |
| Common | Sell Transaction | 28 | 4.4586 USD |
| Common | Sell Transaction | 10 | 4.4590 USD |
| Common | Sell Transaction | 600 | 4.4591 USD |
| Common | Sell Transaction | 515 | 4.4591 USD |
| Common | Sell Transaction | 23 | 4.4591 USD |
| Common | Sell Transaction | 198 | 4.4599 USD |
| Common | Sell Transaction | 8,916 | 4.4600 USD |
| Common | Sell Transaction | 400 | 4.4625 USD |
| Common | Sell Transaction | 400 | 4.4650 USD |
| Common | Sell Transaction | 54 | 4.4669 USD |
| Common | Sell Transaction | 698 | 4.4689 USD |
| Common | Sell Transaction | 65 | 4.4691 USD |
| Common | Sell Transaction | 101 | 4.4700 USD |
| Common | Sell Transaction | 1,554 | 4.4715 USD |
| Common | Sell Transaction | 423 | 4.4718 USD |
| Common | Sell Transaction | 530 | 4.4721 USD |
| Common | Sell Transaction | 2,200 | 4.4768 USD |
| Common | Sell Transaction | 150 | 4.4783 USD |
| Common | Sell Transaction | 173 | 4.4790 USD |
| Common | Sell Transaction | 12,415 | 4.4800 USD |
| Common | Sell Transaction | 1,800 | 4.4850 USD |
| Common | Sell Transaction | 220 | 4.4859 USD |
| Common | Sell Transaction | 47,845 | 4.4900 USD |
| Common | Sell Transaction | 1 | 4.4913 USD |
| Common | Sell Transaction | 205 | 4.5098 USD |
| Common | Sell Transaction | 399 | 4.5100 USD |
| Common | Sell Transaction | 25 | 4.5200 USD |
| Common | Sell Transaction | 4 | 4.5350 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 | Increasing long position | 10,900 | 4.3959 USD |
| Common | CFD | Increasing long position | 21,738 | 4.4021 USD |
| Common | CFD | Increasing long position | 5,935 | 4.4224 USD |
| Common | CFD | Increasing long position | 700 | 4.4479 USD |
| Common | CFD | Increasing long position | 32,232 | 4.4568 USD |
| Common | CFD | Increasing long position | 200 | 4.4600 USD |
| Common | CFD | Increasing long position | 6,454 | 4.4900 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 | 60 | 4.0000 USD | American | 2025-Apr-17 | 0.5200 USD |
| Common | Put Option | Buy Transaction | 2 | 5.0000 USD | American | 2025-Apr-17 | 0.7000 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 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 | Call Option | Purchased | 2,500 | 10.0 USD
| American
| 16/01/2026
|
| Common | Call Option | Purchased | 300 | 6.0 USD
| American
| 17/10/2025
|
| Common | Put Option | Purchased | -1,400 | 5.0 USD
| American
| 20/06/2025
|
| Common | Call Option | Purchased | 10,000 | 5.0 USD
| American
| 20/06/2025
|
| Common | Call Option | Purchased | 600,000 | 6.0 USD
| American
| 18/07/2025
|
| Common | Call Option | Purchased | 900 | 5.0 USD
| American
| 16/01/2026
|
| Common | Put Option | Purchased | -4,000 | 3.0 USD
| American
| 16/01/2026
|
| Common | Put Option | Purchased | -104,200 | 6.0 USD
| American
| 20/06/2025
|
| Common | Call Option | Purchased | 246,200 | 6.0 USD
| American
| 18/07/2025
|
| Common | Put Option | Purchased | -3,800 | 4.0 USD
| American
| 17/04/2025
|
| Common | Call Option | Purchased | 1,800 | 4.0 USD
| American
| 17/04/2025
|
| Common | Put Option | Purchased | -1,000 | 4.0 USD
| American
| 16/01/2026
|
| Common | Put Option | Purchased | -5,400 | 4.0 USD
| American
| 18/07/2025
|
| Common | Call Option | Purchased | 600 | 10.0 USD
| American
| 17/04/2025
|
| Common | Put Option | Purchased | -99,800 | 7.0 USD
| American
| 20/06/2025
|
| Common | Call Option | Purchased | 700 | 10.0 USD
| American
| 18/07/2025
|
| Common | Put Option | Purchased | -700 | 7.0 USD
| American
| 18/07/2025
|
| Common | Put Option | Purchased | -4,300 | 4.0 USD
| American
| 20/06/2025
|
| Common | Call Option | Purchased | 2,300 | 7.0 USD
| American
| 20/06/2025
|
| Common | Call Option | Purchased | 1,000,000 | 5.0 USD
| American
| 20/06/2025
|
| Common | Put Option | Purchased | -8,400 | 5.0 USD
| American
| 16/01/2026
|
| Common | Call Option | Purchased | 300 | 8.0 USD
| American
| 20/06/2025
|
| Common | Put Option | Purchased | -300 | 5.0 USD
| American
| 17/10/2025
|
| Common | Put Option | Purchased | -1,000 | 5.0 USD
| American
| 17/04/2025
|
| Common | Call Option | Purchased | 1,300 | 5.0 USD
| American
| 16/05/2025
|
| Common | Put Option | Sold | 99,900 | 8.0 USD
| American
| 20/06/2025
|
| Common | Put Option | Sold | 7,600 | 6.0 USD
| American
| 17/04/2025
|
| Common | Call Option | Sold | -1,000 | 3.0 USD
| American
| 16/01/2026
|
| Common | Call Option | Sold | -200 | 15.0 USD
| American
| 16/01/2026
|
| Common | Put Option | Sold | 600 | 6.0 USD
| American
| 18/07/2025
|
| Common | Call Option | Sold | -118,200 | 7.0 USD
| American
| 16/01/2026
|
| Common | Call Option | Sold | -1,700 | 6.0 USD
| American
| 17/04/2025
|
| Common | Call Option | Sold | -3,600 | 4.0 USD
| American
| 18/07/2025
|
| Common | Call Option | Sold | -100,900 | 5.0 USD
| American
| 18/07/2025
|
| Common | Call Option | Sold | -8,800 | 4.0 USD
| American
| 20/06/2025
|
| Common | Call Option | Sold | -3,400 | 10.0 USD
| American
| 17/07/2026
|
| Common | Call Option | Sold | -29,400 | 8.0 USD
| American
| 18/07/2025
|
| Common | Call Option | Sold | -500 | 4.0 USD
| American
| 16/01/2026
|
| Common | Call Option | Sold | -500 | 3.0 USD
| American
| 17/07/2026
|
| Common | Call Option | Sold | -2,000 | 6.0 USD
| American
| 20/06/2025
|
| Common | Call Option | Sold | -8,600 | 8.0 USD
| American
| 17/04/2025
|
| Common | Put Option | Sold | 800 | 5.0 USD
| American
| 18/07/2025
|
| 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 | Call Option | Sold | -200 | 7.0 USD
| American
| 18/07/2025
|
| Common | Call Option | Sold | -1,900 | 9.0 USD
| American
| 17/04/2025
|
| Common | Put Option | Sold | 74,900 | 7.0 USD
| American
| 16/01/2026
|
| Common | Call Option | Sold | -31,700 | 5.0 USD
| American
| 17/07/2026
|
| Common | Call Option | Sold | -2,500 | 4.0 USD
| American
| 17/07/2026
|
| Common | Call Option | Sold | -12,700 | 7.0 USD
| American
| 17/04/2025
|
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.
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