--- title: "REG - Citadel Group Dowlais Group PLC American Axle & Mfg. - Form 8.3 - American Axle & Manufacturing Holdings" description: "Citadel Group disclosed its position in American Axle & Manufacturing Holdings Inc. as of August 21, 2025, reporting ownership of 1,089,944 shares (0.92%) and short positions of 668,698 shares (0.56%)" type: "news" locale: "en" url: "https://longbridge.com/en/news/254196500.md" published_at: "2025-08-22T14:00:00.000Z" --- # REG - Citadel Group Dowlais Group PLC American Axle & Mfg. - Form 8.3 - American Axle & Manufacturing Holdings > Citadel Group disclosed its position in American Axle & Manufacturing Holdings Inc. as of August 21, 2025, reporting ownership of 1,089,944 shares (0.92%) and short positions of 668,698 shares (0.56%). Additionally, the group holds stock-settled derivatives totaling 224,200 shares. The disclosure also includes dealings in various transactions, with multiple purchases and sales of common stock at varying prices. The report complies with Rule 8.3 of the Takeover Code, indicating significant interests in the relevant securities. RNS Number : 4274W Citadel Group 22 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 21 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: 1,089,944 0.91 668,698 0.56 (2) Cash-settled derivatives: 0 0.00 0 0.00 (3) Stock-settled derivatives (including options) and agreements to purchase/sell: 224,200 0.18 614,100 0.51 TOTAL: 1,314,144 1.10 1,282,798 1.08 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 2 5.4700 USD Common Buy Transaction 4,500 5.5000 USD Common Buy Transaction 200 5.5150 USD Common Buy Transaction 484 5.5200 USD Common Buy Transaction 100 5.5250 USD Common Buy Transaction 3,472 5.5300 USD Common Buy Transaction 1,000 5.5350 USD Common Buy Transaction 2,199 5.5357 USD Common Buy Transaction 400 5.5362 USD Common Buy Transaction 451 5.5367 USD Common Buy Transaction 150 5.5390 USD Common Buy Transaction 4,999 5.5400 USD Common Buy Transaction 383 5.5413 USD Common Buy Transaction 42,994 5.5423 USD Common Buy Transaction 750 5.5440 USD Common Buy Transaction 453 5.5459 USD Common Buy Transaction 2,061 5.5521 USD Common Buy Transaction 610 5.5523 USD Common Buy Transaction 800 5.5525 USD Common Buy Transaction 651 5.5562 USD Common Buy Transaction 2,500 5.5576 USD Common Buy Transaction 728 5.5591 USD Common Buy Transaction 1,864 5.5593 USD Common Buy Transaction 900 5.5611 USD Common Buy Transaction 3,581 5.5693 USD Common Buy Transaction 3,764 5.5735 USD Common Buy Transaction 689 5.5857 USD Common Buy Transaction 1 5.5858 USD Common Buy Transaction 4,800 5.5883 USD Common Buy Transaction 1 5.5924 USD Common Buy Transaction 950 5.5950 USD Common Buy Transaction 151 5.5956 USD Common Buy Transaction 6,500 5.5964 USD Common Buy Transaction 1,568 5.5973 USD Common Buy Transaction 1,700 5.5988 USD Common Buy Transaction 30 5.5997 USD Common Buy Transaction 4,248 5.6000 USD Common Buy Transaction 6,580 5.6038 USD Common Buy Transaction 1,051 5.6042 USD Common Buy Transaction 14,496 5.6057 USD Common Buy Transaction 6,405 5.6081 USD Common Buy Transaction 5,046 5.6100 USD Common Buy Transaction 88,958 5.6120 USD Common Buy Transaction 24,066 5.6122 USD Common Buy Transaction 9,486 5.6147 USD Common Buy Transaction 7,103 5.6152 USD Common Buy Transaction 1,500 5.6207 USD Common Buy Transaction 373 5.6225 USD Common Buy Transaction 661 5.6234 USD Common Buy Transaction 3,300 5.6270 USD Common Buy Transaction 2,730 5.6352 USD Common Buy Transaction 548 5.6395 USD Common Buy Transaction 2,500 5.6416 USD Common Buy Transaction 3,400 5.6424 USD Common Buy Transaction 1,398 5.6433 USD Common Buy Transaction 754 5.6456 USD Common Buy Transaction 1,794 5.6475 USD Common Buy Transaction 4,521 5.6504 USD Common Buy Transaction 2,233 5.6511 USD Common Buy Transaction 1,201 5.6536 USD Common Buy Transaction 151 5.6544 USD Common Buy Transaction 1,600 5.6550 USD Common Buy Transaction 4,438 5.6579 USD Common Buy Transaction 2,513 5.6624 USD Common Buy Transaction 1,400 5.6650 USD Common Buy Transaction 2,533 5.6703 USD Common Buy Transaction 10,070 5.6850 USD Common Buy Transaction 455 5.6850 USD Common Buy Transaction 77 5.6851 USD Common Buy Transaction 1,393 5.6879 USD Common Buy Transaction 1,218 5.6896 USD Common Buy Transaction 589 5.6900 USD Common Buy Transaction 428 5.6924 USD Common Buy Transaction 15 5.6947 USD Common Buy Transaction 5,102 5.6947 USD Common Buy Transaction 200 5.6950 USD Common Buy Transaction 694 5.6957 USD Common Buy Transaction 430 5.6975 USD Common Buy Transaction 36,655 5.7000 USD Common Buy Transaction 411 5.7040 USD Common Buy Transaction 106 5.7050 USD Common Buy Transaction 127 5.7084 USD Common Buy Transaction 243 5.7090 USD Common Buy Transaction 30 5.7093 USD Common Buy Transaction 1,123 5.7100 USD Common Buy Transaction 100 5.7150 USD Common Buy Transaction 135 5.7150 USD Common Sell Transaction 1,600 5.4600 USD Common Sell Transaction 7,209 5.5000 USD Common Sell Transaction 939 5.5094 USD Common Sell Transaction 800 5.5100 USD Common Sell Transaction 64 5.5126 USD Common Sell Transaction 497 5.5210 USD Common Sell Transaction 101 5.5260 USD Common Sell Transaction 800 5.5271 USD Common Sell Transaction 11,260 5.5300 USD Common Sell Transaction 101 5.5311 USD Common Sell Transaction 706 5.5316 USD Common Sell Transaction 6,049 5.5351 USD Common Sell Transaction 8,400 5.5357 USD Common Sell Transaction 500 5.5380 USD Common Sell Transaction 42,651 5.5399 USD Common Sell Transaction 110 5.5400 USD Common Sell Transaction 2,000 5.5531 USD Common Sell Transaction 390 5.5540 USD Common Sell Transaction 300 5.5550 USD Common Sell Transaction 1,900 5.5579 USD Common Sell Transaction 861 5.5582 USD Common Sell Transaction 1,508 5.5586 USD Common Sell Transaction 2,900 5.5603 USD Common Sell Transaction 377 5.5700 USD Common Sell Transaction 1,595 5.5723 USD Common Sell Transaction 510 5.5725 USD Common Sell Transaction 900 5.5733 USD Common Sell Transaction 400 5.5775 USD Common Sell Transaction 6,400 5.5794 USD Common Sell Transaction 1,782 5.5800 USD Common Sell Transaction 2,141 5.5839 USD Common Sell Transaction 300 5.5867 USD Common Sell Transaction 212 5.5883 USD Common Sell Transaction 800 5.5888 USD Common Sell Transaction 1,335 5.5900 USD Common Sell Transaction 2,462 5.5911 USD Common Sell Transaction 200 5.5925 USD Common Sell Transaction 300 5.5967 USD Common Sell Transaction 545 5.5980 USD Common Sell Transaction 1,907 5.5986 USD Common Sell Transaction 1,000 5.5990 USD Common Sell Transaction 6,899 5.5999 USD Common Sell Transaction 1,144 5.6000 USD Common Sell Transaction 2,800 5.6004 USD Common Sell Transaction 2,350 5.6004 USD Common Sell Transaction 660 5.6006 USD Common Sell Transaction 9 5.6011 USD Common Sell Transaction 699 5.6014 USD Common Sell Transaction 638 5.6016 USD Common Sell Transaction 400 5.6025 USD Common Sell Transaction 300 5.6033 USD Common Sell Transaction 773 5.6033 USD Common Sell Transaction 1,432 5.6035 USD Common Sell Transaction 1,455 5.6044 USD Common Sell Transaction 2,185 5.6063 USD Common Sell Transaction 6,579 5.6066 USD Common Sell Transaction 1,115 5.6066 USD Common Sell Transaction 1,141 5.6069 USD Common Sell Transaction 800 5.6075 USD Common Sell Transaction 3,331 5.6082 USD Common Sell Transaction 31,237 5.6082 USD Common Sell Transaction 1,001 5.6100 USD Common Sell Transaction 2,059 5.6106 USD Common Sell Transaction 739 5.6107 USD Common Sell Transaction 1,400 5.6114 USD Common Sell Transaction 88,958 5.6120 USD Common Sell Transaction 14,100 5.6133 USD Common Sell Transaction 5,396 5.6138 USD Common Sell Transaction 1,128 5.6141 USD Common Sell Transaction 1,368 5.6149 USD Common Sell Transaction 860 5.6150 USD Common Sell Transaction 310 5.6161 USD Common Sell Transaction 13,999 5.6174 USD Common Sell Transaction 767 5.6176 USD Common Sell Transaction 1,451 5.6180 USD Common Sell Transaction 501 5.6180 USD Common Sell Transaction 30 5.6183 USD Common Sell Transaction 2 5.6191 USD Common Sell Transaction 37 5.6200 USD Common Sell Transaction 1,308 5.6208 USD Common Sell Transaction 800 5.6212 USD Common Sell Transaction 1,612 5.6213 USD Common Sell Transaction 430 5.6214 USD Common Sell Transaction 77 5.6214 USD Common Sell Transaction 693 5.6227 USD Common Sell Transaction 600 5.6233 USD Common Sell Transaction 7,075 5.6245 USD Common Sell Transaction 18,383 5.6263 USD Common Sell Transaction 300 5.6267 USD Common Sell Transaction 12,418 5.6311 USD Common Sell Transaction 1,800 5.6311 USD Common Sell Transaction 1,408 5.6340 USD Common Sell Transaction 700 5.6343 USD Common Sell Transaction 1,700 5.6347 USD Common Sell Transaction 511 5.6352 USD Common Sell Transaction 2,900 5.6359 USD Common Sell Transaction 1,838 5.6361 USD Common Sell Transaction 1,698 5.6371 USD Common Sell Transaction 5,856 5.6372 USD Common Sell Transaction 1,462 5.6379 USD Common Sell Transaction 91 5.6400 USD Common Sell Transaction 501 5.6448 USD Common Sell Transaction 712 5.6479 USD Common Sell Transaction 69 5.6500 USD Common Sell Transaction 1,004 5.6519 USD Common Sell Transaction 800 5.6550 USD Common Sell Transaction 3,255 5.6554 USD Common Sell Transaction 800 5.6562 USD Common Sell Transaction 204 5.6616 USD Common Sell Transaction 5,510 5.6616 USD Common Sell Transaction 2,000 5.6620 USD Common Sell Transaction 8,026 5.6640 USD Common Sell Transaction 407 5.6646 USD Common Sell Transaction 500 5.6650 USD Common Sell Transaction 5,467 5.6664 USD Common Sell Transaction 108 5.6675 USD Common Sell Transaction 3,220 5.6680 USD Common Sell Transaction 14 5.6700 USD Common Sell Transaction 9,048 5.6707 USD Common Sell Transaction 2,064 5.6710 USD Common Sell Transaction 1,301 5.6719 USD Common Sell Transaction 58 5.6736 USD Common Sell Transaction 96 5.6742 USD Common Sell Transaction 160 5.6751 USD Common Sell Transaction 654 5.6764 USD Common Sell Transaction 603 5.6780 USD Common Sell Transaction 40 5.6785 USD Common Sell Transaction 134 5.6797 USD Common Sell Transaction 43 5.6800 USD Common Sell Transaction 217 5.6811 USD Common Sell Transaction 372 5.6813 USD Common Sell Transaction 65 5.6826 USD Common Sell Transaction 389 5.6850 USD Common Sell Transaction 17 5.6853 USD Common Sell Transaction 84 5.6900 USD Common Sell Transaction 3,736 5.6909 USD Common Sell Transaction 3,100 5.6923 USD Common Sell Transaction 40 5.6950 USD Common Sell Transaction 81 5.6979 USD Common Sell Transaction 2,840 5.6996 USD Common Sell Transaction 26,712 5.7000 USD Common Sell Transaction 937 5.7026 USD Common Sell Transaction 1,300 5.7058 USD Common Sell Transaction 326 5.7069 USD Common Sell Transaction 6,312 5.7100 USD Common Sell Transaction 258 5.7200 USD (b) Cash-settled derivative transactions - Class of relevant security - Product descriptione.g. CFD - Nature of dealinge.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 Call Option Buy Transaction 400 6.0000 USD American 2025-09-19 0.1700 USD Common Call Option Buy Transaction 100 6.0000 USD American 2025-10-17 0.3000 USD Common Call Option Buy Transaction 1,000 5.0000 USD American 2025-10-17 0.7500 USD Common Call Option Buy Transaction 100 5.0000 USD American 2025-10-17 0.8400 USD Common Call Option Buy Transaction 200 5.0000 USD American 2025-10-17 0.9000 USD Common Call Option Sell Transaction 100 6.0000 USD American 2025-09-19 0.1200 USD Common Call Option Sell Transaction 200 6.0000 USD American 2025-09-19 0.2000 USD Common Call Option Sell Transaction 100 6.0000 USD American 2025-10-17 0.2300 USD Common Call Option Sell Transaction 100 5.0000 USD American 2025-09-19 0.6200 USD Common Call Option Sell Transaction 100 5.0000 USD American 2025-10-17 0.7800 USD (ii) Exercise - Class of relevant security - Product descriptione.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 dealinge.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: 22 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 \-8,200 6.0 USD American 16/01/2026 Common Put Option Purchased \-17,200 3.0 USD American 16/01/2026 Common Call Option Purchased 300 2.0 USD American 17/10/2025 Common Call Option Purchased 1,000 5.0 USD American 17/04/2026 Common Call Option Purchased 35,900 6.0 USD American 17/10/2025 Common Call Option Purchased 22,000 7.0 USD American 17/10/2025 Common Put Option Purchased \-10,700 5.0 USD American 17/04/2026 Common Put Option Purchased \-100 7.0 USD American 17/10/2025 Common Call Option Purchased 800 3.0 USD American 17/07/2026 Common Call Option Purchased 100 8.0 USD American 16/01/2026 Common Call Option Purchased 100 4.0 USD American 19/09/2025 Common Call Option Purchased 3,000 10.0 USD American 16/01/2026 Common Call Option Purchased 1,000 8.0 USD American 17/10/2025 Common Put Option Purchased \-1,200 5.0 USD American 17/07/2026 Common Call Option Purchased 1,400 5.0 USD American 19/09/2025 Common Put Option Purchased \-1,400 5.0 USD American 19/09/2025 Common Call Option Purchased 15,700 4.0 USD American 17/10/2025 Common Put Option Purchased \-215,100 4.0 USD American 16/01/2026 Common Call Option Purchased 6,300 6.0 USD American 19/09/2025 Common Call Option Purchased 41,900 6.0 USD American 16/01/2026 Common Put Option Sold 800 5.0 USD American 17/10/2025 Common Put Option Sold 500 6.0 USD American 19/09/2025 Common Put Option Sold 92,800 5.0 USD American 16/01/2026 Common Call Option Sold \-100 1.0 USD American 17/07/2026 Common Call Option Sold \-900 4.0 USD American 17/07/2026 Common Call Option Sold \-1,400 4.0 USD American 16/01/2026 Common Call Option Sold \-12,500 15.0 USD American 16/01/2026 Common Call Option Sold \-54,100 5.0 USD American 16/01/2026 Common Call Option Sold \-6,200 12.0 USD American 16/01/2026 Common Call Option Sold \-107,700 7.0 USD American 16/01/2026 Common Call Option Sold \-1,300 10.0 USD American 17/07/2026 Common Call Option Sold \-41,600 5.0 USD American 17/07/2026 Common Call Option Sold \-130,300 5.0 USD American 17/10/2025 Common Call Option Sold \-1,000 7.0 USD American 17/07/2026 Common Call Option Sold \-1,700 3.0 USD American 17/10/2025 Common Put Option Sold 600 3.0 USD American 17/10/2025 Common Call Option Sold \-1,400 3.0 USD American 16/01/2026 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 RETPKBBPOBKKOFB ### Related Stocks - [AXL.US - American Axle and Manufacturing](https://longbridge.com/en/quote/AXL.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | Breaking Down Dauch: 4 Analysts Share Their Views | Four analysts have recently rated Dauch (NYSE:AXL), showing a range of sentiments from bullish to bearish. The average 1 | [Link](https://longbridge.com/en/news/273897113.md) | | AAM and Dowlais Secure China Antitrust Approval for Combination | American Axle & Manufacturing Holdings Inc. 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