REG - Citadel Group American Axle & Mfg. Dowlais Group PLC - Form 8.3 - Dowlais Group Plc

DowlaisAnnouncement

14/03/2025 15:15

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RNS Number : 7333A  Citadel Group  14 March 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           N/A
 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   DOWLAIS GROUP PLC
 relates:

      Use a separate form for each offeror/offeree
 (d) If an exempt fund manager connected with an offeror/offeree, state this      N/A
 and specify identity of offeror/offeree:
 (e) Date position held/dealing undertaken:                                       13 March 2025

      For an opening position disclosure, state the latest practicable date
 prior to the disclosure
 (f)  In addition to the company in 1(c) above, is the discloser making           YES
 disclosures in respect of any other party to the offer?

                                                                                AMERICAN AXLE  MANUFACTURING HOLDINGS INC
      If it is a cash offer or possible cash offer, state "N/A"

 

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:                                          ISIN GB00BMWRZ071

 Common Stock                                                         1p ordinary
                                                                      Interests      Short positions

                                                                      Number  %      Number     %
 (1) Relevant securities owned and/or controlled:                     868     0.00   476,193    0.03
 (2) Cash-settled derivatives:                                        17      0.00   4,401,552  0.32

 (3) Stock-settled derivatives (including options) and agreements to  0       0.00   0          0.00
 purchase/sell:
                                                                      885     0.00   4,877,745  0.36

      TOTAL:

 

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   28                    0.6450 GBP
 Common                      Buy Transaction   6,190                 0.6465 GBP
 Common                      Buy Transaction   168                   0.6470 GBP
 Common                      Buy Transaction   1,108                 0.6475 GBP
 Common                      Buy Transaction   1,087                 0.6480 GBP
 Common                      Buy Transaction   1,970                 0.6485 GBP
 Common                      Buy Transaction   11                    0.6495 GBP
 Common                      Buy Transaction   6,438                 0.6505 GBP
 Common                      Buy Transaction   2,913                 0.6510 GBP
 Common                      Buy Transaction   1,522                 0.6512 GBP
 Common                      Buy Transaction   14,690                0.6515 GBP
 Common                      Buy Transaction   2,750                 0.6525 GBP
 Common                      Buy Transaction   108                   0.6535 GBP
 Common                      Buy Transaction   1,538                 0.6540 GBP
 Common                      Buy Transaction   15,745                0.6545 GBP
 Common                      Buy Transaction   75,943                0.6550 GBP
 Common                      Buy Transaction   421                   0.6555 GBP
 Common                      Buy Transaction   366                   0.6560 GBP
 Common                      Buy Transaction   2,256                 0.6570 GBP
 Common                      Buy Transaction   1,614                 0.6580 GBP
 Common                      Buy Transaction   483                   0.6590 GBP
 Common                      Buy Transaction   1,900                 0.6605 GBP
 Common                      Buy Transaction   1,173                 0.6615 GBP
 Common                      Buy Transaction   560                   0.6630 GBP
 Common                      Sell Transaction  14,233                0.6480 GBP
 Common                      Sell Transaction  22,230                0.6490 GBP
 Common                      Sell Transaction  46,366                0.6495 GBP
 Common                      Sell Transaction  26,531                0.6500 GBP
 Common                      Sell Transaction  6,312                 0.6505 GBP
 Common                      Sell Transaction  2,342                 0.6525 GBP
 Common                      Sell Transaction  316                   0.6570 GBP
 Common                      Sell Transaction  237                   0.6585 GBP
 Common                      Sell Transaction  254                   0.6600 GBP
 Common                      Sell Transaction  1,916                 0.6605 GBP
 Common                      Sell Transaction  3,543                 0.6610 GBP
 Common                      Sell Transaction  245                   0.6615 GBP
 Common                      Sell Transaction  1,886                 0.6620 GBP
 Common                      Sell Transaction  7,139                 0.6625 GBP
 Common                      Sell Transaction  1,938                 0.6630 GBP
 Common                      Sell Transaction  1,168                 0.6655 GBP

 

(b)        Cash-settled derivative transactions

 

 Class of relevant security  Product description  Nature of dealing                                                              Number of reference securities  Price per unit

                             e.g. CFD             e.g. opening/closing a long/short position, increasing/reducing a long/short
                                                  position
 Common                      CFD                  Reducing short position                                                        20,661                          0.6492 GBP
 Common                      CFD                  Increasing short position                                                      4,730                           0.6536 GBP
 Common                      CFD                  Reducing short position                                                        147,265                         0.6548 GBP
 Common                      CFD                  Reducing short position                                                        66,627                          0.6550 GBP
 Common                      CFD                  Reducing short position                                                        133                             0.6569 GBP
 Common                      CFD                  Increasing short position                                                      3,911                           0.6623 GBP
 Common                      CFD                  Increasing short position                                                      13,732                          0.6624 GBP

 

(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                           Expiry date  Option money paid/ received per unit

                                                                                                                                                                                      e.g. American, European etc.

 

(ii)        Exercise

 

 Class of relevant security  Product description  Exercising/ exercised against  Number of securities  Exercise price per unit

                             e.g. call option

 

(d)        Other dealings (including subscribing for new securities)

 

 Class of relevant security  Nature of dealing               Details  Price per unit (if applicable)

                             e.g. subscription, conversion

 

 

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?  NO

 

 

 Date of disclosure:  14 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
(http://www.thetakeoverpanel.org.uk) .

 

 

 

 

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