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Form 8.3
Nov 3, 2025 8:01 AM

LONDON--(BUSINESS WIRE)--

 

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:

 

Millennium International Management LP

(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

 

31st October 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:

 

USD 0.01 common (US0240611030)

 

 

 

Interests

 

Short positions

 

Number

 

%

 

Number

 

%

(1) Relevant securities owned and/or controlled:

 

2,103,063

 

1.772%

 

395,842

 

0.334%

(2) Cash-settled derivatives:

 

-

 

-

 

4,331,827

 

3.650%

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

 

-

 

-

 

-

 

-

TOTAL:

 

2,103,063

 

1.772%

 

4,727,669

 

3.984%

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:

 

 

Details, including nature of the rights concerned and relevant percentages:

 

 

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)

US0240611030

Purchase

2,000

6.23

US0240611031

Sale

30

6.28

US0240611032

Purchase

9,000

6.26

US0240611033

Purchase

7,900

6.25

US0240611034

Sale

2,085

6.25

US0240611035

Purchase

1,100

6.21

US0240611036

Purchase

2,000

6.24

US0240611037

Purchase

3,000

6.29

US0240611038

Purchase

884

6.22

US0240611039

Sale

6

6.22

US0240611040

Purchase

492

6.35

US0240611041

Purchase

297

6.36

US0240611042

Purchase

197

6.34

US0240611043

Purchase

61

6.23

US0240611044

Purchase

356

6.28

US0240611045

Sale

838

6.20

US0240611046

Purchase

5

6.25

US0240611047

Sale

6,900

6.25

US0240611048

Purchase

16

6.21

US0240611049

Purchase

3

6.31

US0240611050

Sale

8

6.31

US0240611051

Purchase

1,092

6.24

US0240611052

Sale

218

6.33

US0240611053

Purchase

278

6.22

US0240611054

Sale

139

6.22

US0240611055

Sale

12

6.35

US0240611056

Sale

400

6.36

US0240611057

Sale

215

6.34

US0240611058

Purchase

2

6.27

US0240611059

Purchase

31

6.32

US0240611060

Sale

1

6.38

US0240611061

Purchase

4

6.23

US0240611062

Sale

148

6.23

US0240611063

Purchase

17,785

6.28

US0240611064

Purchase

144

6.26

US0240611065

Purchase

290

6.20

US0240611066

Purchase

18,991

6.25

US0240611067

Purchase

22,126

6.21

US0240611068

Purchase

26,641

6.31

US0240611069

Purchase

49,498

6.24

US0240611070

Sale

48,740

6.24

US0240611071

Purchase

7

6.33

US0240611072

Sale

547

6.33

US0240611073

Purchase

1

6.29

US0240611074

Sale

300

6.29

US0240611075

Sale

31

6.22

US0240611076

Sale

100

6.35

US0240611077

Sale

556

6.36

US0240611078

Sale

201

6.34

US0240611079

Sale

1

6.37

US0240611080

Purchase

106

6.27

US0240611081

Purchase

706

6.32

US0240611082

Sale

40

6.38

US0240611083

Purchase

41

6.30

US0240611084

Sale

150

6.30

US0240611085

Purchase

1,342

6.23

US0240611086

Sale

298

6.23

US0240611087

Purchase

880

6.28

US0240611088

Sale

56

6.28

US0240611089

Purchase

501

6.26

US0240611090

Purchase

2,000

6.20

US0240611091

Sale

9,474

6.20

US0240611092

Purchase

28,923

6.25

US0240611093

Sale

25,010

6.25

US0240611094

Purchase

187

6.21

US0240611095

Sale

300

6.21

US0240611096

Sale

25,011

6.31

US0240611097

Purchase

362

6.24

US0240611098

Sale

201

6.24

US0240611099

Sale

4

6.33

US0240611100

Purchase

100

6.29

US0240611101

Purchase

19,782

6.22

US0240611102

Sale

9,327

6.22

US0240611103

Sale

102

6.34

US0240611104

Purchase

458

6.27

US0240611105

Purchase

200

6.32

US0240611105

Purchase

436

6.38

US0240611105

Sale

100

6.38

US0240611105

Sale

8,898

6.23

US0240611105

Sale

11,661

6.28

US0240611105

Sale

17,340

6.26

US0240611105

Purchase

1,014

6.20

US0240611105

Sale

8,020

6.20

US0240611105

Purchase

1,624

6.25

US0240611105

Sale

31,934

6.25

US0240611105

Sale

44,071

6.21

US0240611105

Sale

2,441

6.31

US0240611105

Sale

5,089

6.24

US0240611105

Sale

6

6.33

US0240611105

Sale

18,493

6.29

US0240611105

Purchase

31,413

6.22

US0240611105

Sale

40,290

6.22

US0240611105

Sale

2

6.36

US0240611105

Sale

8

6.34

US0240611105

Sale

100

6.37

US0240611105

Sale

4,735

6.27

US0240611105

Sale

664

6.32

US0240611105

Sale

1,991

6.38

US0240611105

Sale

5,644

6.30

US0240611105

Sale

2,039

6.23

US0240611105

Sale

70

6.28

US0240611105

Sale

251

6.26

US0240611105

Purchase

4

6.25

US0240611105

Sale

221

6.25

US0240611105

Purchase

303

6.21

US0240611105

Purchase

1,292

6.31

US0240611105

Purchase

76

6.24

US0240611105

Sale

41

6.22

(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

 

US0240611103

 

Equity Swap

 

Increasing a Short Position

 

85,000

 

4.82 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

e.g. American, European etc.

 

Expiry date

 

Option money paid/ received per unit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(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

Class of relevant security:

 

USD 0.01 common (US0240611030)

 

 

 

Interests

 

Short positions

 

Number

 

%

 

Number

 

%

(1) Relevant securities owned and/or controlled:

 

2,103,063

 

1.772%

 

395,842

 

0.334%

(2) Cash-settled derivatives:

 

-

 

-

 

4,331,827

 

3.650%

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

 

-

 

-

 

-

 

-

TOTAL:

 

2,103,063

 

1.772%

 

4,727,669

 

3.984%

0

Class of relevant security:

 

USD 0.01 common (US0240611030)

 

 

 

Interests

 

Short positions

 

Number

 

%

 

Number

 

%

(1) Relevant securities owned and/or controlled:

 

2,103,063

 

1.772%

 

395,842

 

0.334%

(2) Cash-settled derivatives:

 

-

 

-

 

4,331,827

 

3.650%

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

 

-

 

-

 

-

 

-

TOTAL:

 

2,103,063

 

1.772%

 

4,727,669

 

3.984%

1

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at [email protected]. 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.

Source: Millennium Partners, L.P.

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