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Form 8.3
Nov 11, 2025 7:42 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

 

10th November 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:

 

3,263,968

 

2.750%

 

602,723

 

0.508%

(2) Cash-settled derivatives:

 

-

 

-

 

4,332,564

 

3.650%

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

 

-

 

-

 

-

 

-

TOTAL:

 

3,263,968

 

2.750%

 

4,935,287

 

4.158%

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

179

6.40

US0240611030

Purchase

7,163

6.34

US0240611030

Purchase

301

6.31

US0240611030

Purchase

2,006

6.33

US0240611030

Purchase

3,118

6.20

US0240611030

Purchase

698

6.22

US0240611030

Purchase

13

6.44

US0240611030

Purchase

12

6.45

US0240611030

Purchase

2,331

6.38

US0240611030

Purchase

30

6.42

US0240611030

Purchase

1,151

6.41

US0240611030

Purchase

2,914

6.39

US0240611030

Purchase

832

6.30

US0240611030

Purchase

15,523

6.36

US0240611030

Purchase

1,000

6.25

US0240611030

Purchase

3,690

6.28

US0240611030

Sale

3,000

6.48

US0240611030

Purchase

1,220

6.21

US0240611030

Sale

1,793

6.21

US0240611030

Purchase

2,001

6.29

US0240611030

Purchase

7,192

6.37

US0240611030

Purchase

67

6.19

US0240611030

Purchase

8,920

6.32

US0240611030

Purchase

157

6.46

US0240611030

Purchase

38

6.47

US0240611030

Purchase

11

6.43

US0240611030

Purchase

12,780

6.35

US0240611030

Purchase

12

6.49

US0240611030

Purchase

3,024

6.40

US0240611030

Purchase

646

6.34

US0240611030

Purchase

1,288

6.31

US0240611030

Purchase

3,225

6.33

US0240611030

Purchase

5,442

6.26

US0240611030

Purchase

60

6.20

US0240611030

Purchase

100

6.45

US0240611030

Purchase

100

6.38

US0240611030

Purchase

6,729

6.41

US0240611030

Sale

3,886

6.17

US0240611030

Purchase

1,412

6.39

US0240611030

Purchase

155

6.27

US0240611030

Purchase

4,813

6.30

US0240611030

Purchase

200

6.36

US0240611030

Purchase

325

6.25

US0240611030

Purchase

1,731

6.28

US0240611030

Purchase

365

6.29

US0240611030

Purchase

583

6.37

US0240611030

Purchase

2,186

6.19

US0240611030

Purchase

141

6.24

US0240611030

Sale

7,228

6.24

US0240611030

Purchase

1,888

6.32

US0240611030

Purchase

400

6.60

US0240611030

Purchase

100

6.62

US0240611030

Purchase

489

6.55

US0240611030

Purchase

100

6.61

US0240611030

Purchase

100

6.43

US0240611030

Purchase

200

6.56

US0240611030

Purchase

20

6.59

US0240611030

Purchase

179

6.35

US0240611030

Purchase

100

6.57

US0240611030

Sale

237

6.40

US0240611030

Sale

258

6.34

US0240611030

Sale

104

6.31

US0240611030

Sale

301

6.33

US0240611030

Sale

227

6.26

US0240611030

Sale

219

6.20

US0240611030

Sale

351

6.22

US0240611030

Purchase

8

6.44

US0240611030

Sale

165

6.44

US0240611030

Purchase

400

6.45

US0240611030

Sale

3

6.45

US0240611030

Purchase

109

6.38

US0240611030

Sale

100

6.38

US0240611030

Purchase

94

6.42

US0240611030

Sale

106

6.42

US0240611030

Purchase

486

6.41

US0240611030

Sale

28,942

6.17

US0240611030

Purchase

92

6.39

US0240611030

Sale

361

6.39

US0240611030

Sale

8

6.27

US0240611030

Sale

906

6.30

US0240611030

Sale

209

6.23

US0240611030

Sale

1,454

6.36

US0240611030

Sale

498

6.25

US0240611030

Sale

981

6.28

US0240611030

Sale

58

6.48

US0240611030

Sale

28

6.29

US0240611030

Purchase

19

6.37

US0240611030

Sale

3,295

6.37

US0240611030

Sale

267

6.19

US0240611030

Sale

206

6.32

US0240611030

Sale

2,336

6.46

US0240611030

Sale

594

6.60

US0240611030

Sale

100

6.62

US0240611030

Purchase

77

6.55

US0240611030

Sale

100

6.61

US0240611030

Sale

1

6.47

US0240611030

Sale

1,117

6.43

US0240611030

Purchase

147

6.54

US0240611030

Sale

400

6.56

US0240611030

Sale

85

6.59

US0240611030

Sale

977

6.35

US0240611030

Sale

198

6.49

US0240611030

Purchase

3,496

6.40

US0240611030

Sale

163

6.40

US0240611030

Sale

515

6.34

US0240611030

Purchase

4,221

6.31

US0240611030

Sale

108

6.31

US0240611030

Purchase

3,295

6.33

US0240611030

Sale

2,567

6.33

US0240611030

Purchase

400

6.26

US0240611030

Purchase

11,704

6.20

US0240611030

Sale

11,704

6.20

US0240611030

Purchase

166

6.22

US0240611030

Sale

166

6.22

US0240611030

Purchase

200

6.44

US0240611030

Purchase

12

6.45

US0240611030

Purchase

571

6.38

US0240611030

Purchase

300

6.42

US0240611030

Sale

800

6.42

US0240611030

Purchase

4,096

6.41

US0240611030

Sale

1,102

6.41

US0240611030

Purchase

6,737

6.17

US0240611030

Sale

2,451

6.17

US0240611030

Purchase

1,714

6.39

US0240611030

Sale

830

6.39

US0240611030

Purchase

11,691

6.30

US0240611030

Sale

7

6.30

US0240611030

Sale

497

6.36

US0240611030

Purchase

100

6.48

US0240611030

Sale

257

6.29

US0240611030

Purchase

1,051

6.18

US0240611030

Purchase

24

6.37

US0240611030

Sale

400

6.37

US0240611030

Purchase

1,860

6.24

US0240611030

Sale

1,721

6.32

US0240611030

Purchase

24

6.46

US0240611030

Sale

7

6.46

US0240611030

Purchase

300

6.60

US0240611030

Purchase

74

6.61

US0240611030

Purchase

100

6.58

US0240611030

Purchase

200

6.43

US0240611030

Purchase

1,468

6.54

US0240611030

Purchase

300

6.59

US0240611030

Purchase

200

6.53

US0240611030

Purchase

348

6.35

US0240611030

Sale

14,279

6.40

US0240611030

Sale

884

6.34

US0240611030

Sale

9,237

6.31

US0240611030

Sale

1,959

6.33

US0240611030

Purchase

4

6.26

US0240611030

Purchase

16,645

6.20

US0240611030

Sale

16,645

6.20

US0240611030

Sale

400

6.22

US0240611030

Sale

3,355

6.17

US0240611030

Sale

480

6.39

US0240611030

Purchase

4,594

6.27

US0240611030

Sale

4,194

6.27

US0240611030

Purchase

52

6.30

US0240611030

Sale

17,146

6.30

US0240611030

Sale

599

6.36

US0240611030

Purchase

500

6.25

US0240611030

Purchase

200

6.29

US0240611030

Sale

3

6.29

US0240611030

Sale

3,908

6.18

US0240611030

Sale

272

6.37

US0240611030

Sale

1,824

6.19

US0240611030

Sale

81

6.32

US0240611030

Purchase

3,053

6.54

US0240611030

Sale

568

6.35

US0240611030

Purchase

684

6.34

US0240611030

Purchase

10

6.31

US0240611030

Sale

55

6.45

US0240611030

Sale

14

6.41

US0240611030

Purchase

3,563

6.17

US0240611030

Purchase

579

6.39

US0240611030

Sale

95

6.39

US0240611030

Purchase

505

6.27

US0240611030

Purchase

1

6.29

US0240611030

Sale

39,178

6.29

US0240611030

Sale

719

6.18

(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

 

US0240611030

 

Equity Swap

 

Opening a Short Position

 

737

 

6.28 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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(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:

 

3,263,968

 

2.750%

 

602,723

 

0.508%

(2) Cash-settled derivatives:

 

-

 

-

 

4,332,564

 

3.650%

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

 

-

 

-

 

-

 

-

TOTAL:

 

3,263,968

 

2.750%

 

4,935,287

 

4.158%

0

Class of relevant security:

 

USD 0.01 common (US0240611030)

 

 

 

Interests

 

Short positions

 

Number

 

%

 

Number

 

%

(1) Relevant securities owned and/or controlled:

 

3,263,968

 

2.750%

 

602,723

 

0.508%

(2) Cash-settled derivatives:

 

-

 

-

 

4,332,564

 

3.650%

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

 

-

 

-

 

-

 

-

TOTAL:

 

3,263,968

 

2.750%

 

4,935,287

 

4.158%

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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