RNS Number : 6055C

Citadel Group

08 October 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	7 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: Common Stock	ISIN US0240611030 USD 0.01 common
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	1,167,962	0.98	0	0.00
(2) Cash-settled derivatives:	0	0.00	0	0.00
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	420,600	0.35	1,047,400	0.88
TOTAL:	1,588,562	1.33	1,047,400	0.88

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	8,935	5.8000 USD
Common	Buy Transaction	1,361	5.8023 USD
Common	Buy Transaction	362	5.8050 USD
Common	Buy Transaction	400	5.8075 USD
Common	Buy Transaction	238	5.8076 USD
Common	Buy Transaction	43,809	5.8100 USD
Common	Buy Transaction	4,501	5.8166 USD
Common	Buy Transaction	14,575	5.8180 USD
Common	Buy Transaction	1	5.8200 USD
Common	Buy Transaction	485	5.8220 USD
Common	Buy Transaction	3,208	5.8254 USD
Common	Buy Transaction	903	5.8275 USD
Common	Buy Transaction	2,444	5.8300 USD
Common	Buy Transaction	6,554	5.8317 USD
Common	Buy Transaction	6,236	5.8321 USD
Common	Buy Transaction	188	5.8349 USD
Common	Buy Transaction	34	5.8447 USD
Common	Buy Transaction	530	5.8450 USD
Common	Buy Transaction	577	5.8490 USD
Common	Buy Transaction	3,618	5.8500 USD
Common	Buy Transaction	1,617	5.8501 USD
Common	Buy Transaction	2,454	5.8503 USD
Common	Buy Transaction	1,208	5.8506 USD
Common	Buy Transaction	2,992	5.8506 USD
Common	Buy Transaction	1,195	5.8511 USD
Common	Buy Transaction	26	5.8519 USD
Common	Buy Transaction	4,885	5.8550 USD
Common	Buy Transaction	1,574	5.8553 USD
Common	Buy Transaction	3,762	5.8561 USD
Common	Buy Transaction	1,783	5.8570 USD
Common	Buy Transaction	400	5.8575 USD
Common	Buy Transaction	290	5.8588 USD
Common	Buy Transaction	54	5.8637 USD
Common	Buy Transaction	2	5.8650 USD
Common	Buy Transaction	128	5.8691 USD
Common	Buy Transaction	3,928	5.8700 USD
Common	Buy Transaction	1,300	5.8758 USD
Common	Buy Transaction	315	5.8763 USD
Common	Buy Transaction	358	5.8785 USD
Common	Buy Transaction	2,200	5.8800 USD
Common	Buy Transaction	157	5.8852 USD
Common	Buy Transaction	1,112	5.9000 USD
Common	Buy Transaction	249	5.9095 USD
Common	Buy Transaction	1,361	5.9151 USD
Common	Buy Transaction	525	5.9157 USD
Common	Buy Transaction	1,350	5.9167 USD
Common	Buy Transaction	201	5.9200 USD
Common	Buy Transaction	3,000	5.9207 USD
Common	Buy Transaction	358	5.9216 USD
Common	Buy Transaction	1,748	5.9284 USD
Common	Buy Transaction	100	5.9300 USD
Common	Buy Transaction	200	5.9350 USD
Common	Buy Transaction	800	5.9375 USD
Common	Buy Transaction	101	5.9400 USD
Common	Buy Transaction	1,000	5.9410 USD
Common	Buy Transaction	4,010	5.9415 USD
Common	Buy Transaction	400	5.9450 USD
Common	Buy Transaction	570	5.9488 USD
Common	Buy Transaction	200	5.9500 USD
Common	Buy Transaction	430	5.9550 USD
Common	Buy Transaction	11	5.9555 USD
Common	Buy Transaction	78	5.9600 USD
Common	Buy Transaction	298	5.9611 USD
Common	Buy Transaction	2,231	5.9628 USD
Common	Buy Transaction	800	5.9650 USD
Common	Buy Transaction	1,364	5.9660 USD
Common	Buy Transaction	489	5.9666 USD
Common	Buy Transaction	5,675	5.9700 USD
Common	Buy Transaction	237	5.9709 USD
Common	Buy Transaction	1,568	5.9753 USD
Common	Buy Transaction	1,068	5.9803 USD
Common	Buy Transaction	1,200	5.9850 USD
Common	Buy Transaction	10,652	5.9953 USD
Common	Buy Transaction	9	6.0000 USD
Common	Buy Transaction	642	6.0005 USD
Common	Buy Transaction	306	6.0011 USD
Common	Buy Transaction	2,000	6.0040 USD
Common	Buy Transaction	200	6.0050 USD
Common	Buy Transaction	2,200	6.0055 USD
Common	Buy Transaction	1,681	6.0071 USD
Common	Buy Transaction	2,901	6.0096 USD
Common	Buy Transaction	20	6.0610 USD
Common	Buy Transaction	1,237	6.0690 USD
Common	Buy Transaction	1,200	6.0901 USD
Common	Buy Transaction	113	6.0920 USD
Common	Buy Transaction	100	6.1000 USD
Common	Buy Transaction	175	6.1100 USD
Common	Buy Transaction	1,528	6.1201 USD
Common	Buy Transaction	537	6.1323 USD
Common	Buy Transaction	7	6.1400 USD
Common	Buy Transaction	440	6.1418 USD
Common	Buy Transaction	408	6.1425 USD
Common	Buy Transaction	700	6.1457 USD
Common	Buy Transaction	6,214	6.1600 USD
Common	Sell Transaction	9,388	5.8000 USD
Common	Sell Transaction	1,305	5.8046 USD
Common	Sell Transaction	50	5.8050 USD
Common	Sell Transaction	34,029	5.8100 USD
Common	Sell Transaction	750	5.8117 USD
Common	Sell Transaction	496	5.8130 USD
Common	Sell Transaction	200	5.8150 USD
Common	Sell Transaction	368	5.8200 USD
Common	Sell Transaction	400	5.8275 USD
Common	Sell Transaction	200	5.8300 USD
Common	Sell Transaction	183	5.8332 USD
Common	Sell Transaction	1,600	5.8338 USD
Common	Sell Transaction	1,527	5.8381 USD
Common	Sell Transaction	323	5.8394 USD
Common	Sell Transaction	11	5.8400 USD
Common	Sell Transaction	320	5.8426 USD
Common	Sell Transaction	17	5.8429 USD
Common	Sell Transaction	200	5.8450 USD
Common	Sell Transaction	24	5.8492 USD
Common	Sell Transaction	4,700	5.8493 USD
Common	Sell Transaction	848	5.8500 USD
Common	Sell Transaction	28	5.8539 USD
Common	Sell Transaction	129	5.8540 USD
Common	Sell Transaction	10,000	5.8550 USD
Common	Sell Transaction	65	5.8572 USD
Common	Sell Transaction	357	5.8588 USD
Common	Sell Transaction	85	5.8591 USD
Common	Sell Transaction	15	5.8593 USD
Common	Sell Transaction	2,808	5.8599 USD
Common	Sell Transaction	991	5.8600 USD
Common	Sell Transaction	2	5.8650 USD
Common	Sell Transaction	3,423	5.8653 USD
Common	Sell Transaction	8,808	5.8700 USD
Common	Sell Transaction	98	5.8784 USD
Common	Sell Transaction	4,827	5.8800 USD
Common	Sell Transaction	196	5.8806 USD
Common	Sell Transaction	530	5.8875 USD
Common	Sell Transaction	661	5.8888 USD
Common	Sell Transaction	4,535	5.8910 USD
Common	Sell Transaction	7,016	5.8914 USD
Common	Sell Transaction	1	5.8950 USD
Common	Sell Transaction	1,265	5.8960 USD
Common	Sell Transaction	1,606	5.8986 USD
Common	Sell Transaction	10	5.8990 USD
Common	Sell Transaction	3,157	5.9000 USD
Common	Sell Transaction	2,347	5.9041 USD
Common	Sell Transaction	200	5.9090 USD
Common	Sell Transaction	10,400	5.9133 USD
Common	Sell Transaction	3,052	5.9148 USD
Common	Sell Transaction	1	5.9150 USD
Common	Sell Transaction	900	5.9200 USD
Common	Sell Transaction	1,234	5.9204 USD
Common	Sell Transaction	2,059	5.9236 USD
Common	Sell Transaction	2,557	5.9253 USD
Common	Sell Transaction	23	5.9265 USD
Common	Sell Transaction	4	5.9275 USD
Common	Sell Transaction	1,000	5.9300 USD
Common	Sell Transaction	524	5.9322 USD
Common	Sell Transaction	773	5.9323 USD
Common	Sell Transaction	870	5.9345 USD
Common	Sell Transaction	23	5.9354 USD
Common	Sell Transaction	2,000	5.9400 USD
Common	Sell Transaction	393	5.9408 USD
Common	Sell Transaction	1,000	5.9410 USD
Common	Sell Transaction	337	5.9442 USD
Common	Sell Transaction	3,800	5.9492 USD
Common	Sell Transaction	200	5.9500 USD
Common	Sell Transaction	43	5.9512 USD
Common	Sell Transaction	300	5.9533 USD
Common	Sell Transaction	101	5.9549 USD
Common	Sell Transaction	1,725	5.9572 USD
Common	Sell Transaction	849	5.9590 USD
Common	Sell Transaction	79	5.9600 USD
Common	Sell Transaction	28,668	5.9640 USD
Common	Sell Transaction	6,054	5.9640 USD
Common	Sell Transaction	2,081	5.9659 USD
Common	Sell Transaction	769	5.9670 USD
Common	Sell Transaction	100	5.9700 USD
Common	Sell Transaction	54	5.9709 USD
Common	Sell Transaction	40	5.9768 USD
Common	Sell Transaction	34,938	5.9797 USD
Common	Sell Transaction	40	5.9800 USD
Common	Sell Transaction	437	5.9821 USD
Common	Sell Transaction	1,615	5.9824 USD
Common	Sell Transaction	23	5.9961 USD
Common	Sell Transaction	10	5.9990 USD
Common	Sell Transaction	5,000	6.0050 USD
Common	Sell Transaction	125	6.0118 USD
Common	Sell Transaction	1	6.0150 USD
Common	Sell Transaction	415	6.0159 USD
Common	Sell Transaction	25	6.0220 USD
Common	Sell Transaction	118	6.0269 USD
Common	Sell Transaction	27	6.0274 USD
Common	Sell Transaction	235	6.0404 USD
Common	Sell Transaction	207	6.0410 USD
Common	Sell Transaction	456	6.0432 USD
Common	Sell Transaction	4,107	6.0449 USD
Common	Sell Transaction	2,154	6.0500 USD
Common	Sell Transaction	459	6.0542 USD
Common	Sell Transaction	170	6.0650 USD
Common	Sell Transaction	160	6.0700 USD
Common	Sell Transaction	389	6.0750 USD
Common	Sell Transaction	3	6.0767 USD
Common	Sell Transaction	216	6.0769 USD
Common	Sell Transaction	2	6.0775 USD
Common	Sell Transaction	97	6.0800 USD
Common	Sell Transaction	440	6.0818 USD
Common	Sell Transaction	598	6.0895 USD
Common	Sell Transaction	68	6.0900 USD
Common	Sell Transaction	305	6.0925 USD
Common	Sell Transaction	586	6.0945 USD
Common	Sell Transaction	201	6.0998 USD
Common	Sell Transaction	12,538	6.1000 USD
Common	Sell Transaction	1,311	6.1023 USD
Common	Sell Transaction	149	6.1034 USD
Common	Sell Transaction	3	6.1050 USD
Common	Sell Transaction	70	6.1079 USD
Common	Sell Transaction	1,583	6.1100 USD
Common	Sell Transaction	103	6.1147 USD
Common	Sell Transaction	1,400	6.1193 USD
Common	Sell Transaction	900	6.1400 USD
Common	Sell Transaction	2,443	6.1491 USD
Common	Sell Transaction	1,573	6.1500 USD
Common	Sell Transaction	301	6.1600 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

(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	Put Option	Buy Transaction	400	4.0000 USD	American	2026-04-17	0.1600 USD
Common	Put Option	Buy Transaction	500	4.0000 USD	American	2026-04-17	0.1700 USD
Common	Put Option	Buy Transaction	200	4.0000 USD	American	2026-07-17	0.2500 USD
Common	Put Option	Buy Transaction	900	4.0000 USD	American	2026-07-17	0.2600 USD
Common	Put Option	Buy Transaction	1,800	4.0000 USD	American	2026-07-17	0.2700 USD
Common	Call Option	Buy Transaction	100	8.0000 USD	American	2026-04-17	0.3900 USD
Common	Put Option	Buy Transaction	100	5.0000 USD	American	2026-04-17	0.4100 USD
Common	Put Option	Buy Transaction	100	5.0000 USD	American	2026-04-17	0.4200 USD
Common	Put Option	Buy Transaction	200	6.0000 USD	American	2025-11-21	0.4200 USD
Common	Put Option	Buy Transaction	100	5.0000 USD	American	2026-04-17	0.4300 USD
Common	Put Option	Buy Transaction	100	6.0000 USD	American	2025-11-21	0.4700 USD
Common	Put Option	Buy Transaction	100	5.0000 USD	American	2026-07-17	0.5100 USD
Common	Put Option	Buy Transaction	100	6.0000 USD	American	2025-11-21	0.5100 USD
Common	Put Option	Buy Transaction	300	5.0000 USD	American	2026-07-17	0.5200 USD
Common	Put Option	Buy Transaction	300	6.0000 USD	American	2025-11-21	0.5200 USD
Common	Put Option	Buy Transaction	100	5.0000 USD	American	2026-07-17	0.5500 USD
Common	Put Option	Buy Transaction	300	5.0000 USD	American	2026-07-17	0.5600 USD
Common	Put Option	Buy Transaction	400	6.0000 USD	American	2025-11-21	0.5600 USD
Common	Put Option	Buy Transaction	300	5.0000 USD	American	2026-07-17	0.5700 USD
Common	Put Option	Buy Transaction	300	6.0000 USD	American	2025-11-21	0.5700 USD
Common	Put Option	Buy Transaction	100	6.0000 USD	American	2026-04-17	0.8800 USD
Common	Put Option	Buy Transaction	100	7.0000 USD	American	2025-10-17	1.0500 USD
Common	Call Option	Buy Transaction	100	5.0000 USD	American	2025-11-21	1.1000 USD
Common	Call Option	Buy Transaction	200	4.0000 USD	American	2026-07-17	2.2900 USD
Common	Put Option	Sell Transaction	400	4.0000 USD	American	2026-04-17	0.1300 USD
Common	Call Option	Sell Transaction	100	6.0000 USD	American	2025-10-17	0.1500 USD
Common	Call Option	Sell Transaction	100	6.0000 USD	American	2025-10-17	0.1600 USD
Common	Put Option	Sell Transaction	1,800	4.0000 USD	American	2026-07-17	0.2300 USD
Common	Call Option	Sell Transaction	100	8.0000 USD	American	2026-04-17	0.3500 USD
Common	Put Option	Sell Transaction	200	5.0000 USD	American	2026-04-17	0.3600 USD
Common	Put Option	Sell Transaction	300	6.0000 USD	American	2025-11-21	0.3800 USD
Common	Put Option	Sell Transaction	100	6.0000 USD	American	2025-11-21	0.4300 USD
Common	Put Option	Sell Transaction	500	5.0000 USD	American	2026-07-17	0.4800 USD
Common	Put Option	Sell Transaction	200	6.0000 USD	American	2025-11-21	0.4800 USD
Common	Put Option	Sell Transaction	200	5.0000 USD	American	2026-07-17	0.5300 USD
Common	Put Option	Sell Transaction	500	6.0000 USD	American	2025-11-21	0.5300 USD
Common	Call Option	Sell Transaction	3,000	6.0000 USD	American	2026-01-16	0.6500 USD
Common	Call Option	Sell Transaction	2,000	6.0000 USD	American	2026-01-16	0.6800 USD
Common	Call Option	Sell Transaction	2,000	6.0000 USD	American	2026-01-16	0.7000 USD
Common	Call Option	Sell Transaction	2,500	6.0000 USD	American	2026-01-16	0.7200 USD
Common	Call Option	Sell Transaction	200	7.0000 USD	American	2026-12-18	0.9500 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:	8 October 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	50,000	6.0 USD	American	17/10/2025
Common	Call Option	Purchased	2,600	5.0 USD	American	17/04/2026
Common	Put Option	Purchased	-900	3.0 USD	American	17/04/2026
Common	Call Option	Purchased	800	3.0 USD	American	17/07/2026
Common	Call Option	Purchased	9,500	7.0 USD	American	17/10/2025
Common	Put Option	Purchased	-100	6.0 USD	American	17/04/2026
Common	Call Option	Purchased	200	11.0 USD	American	17/04/2026
Common	Call Option	Purchased	300	2.0 USD	American	17/10/2025
Common	Put Option	Purchased	-1,000	4.0 USD	American	17/07/2026
Common	Call Option	Purchased	38,100	10.0 USD	American	17/07/2026
Common	Call Option	Purchased	200	8.0 USD	American	21/11/2025
Common	Put Option	Purchased	-500	3.0 USD	American	18/12/2026
Common	Put Option	Purchased	-3,300	5.0 USD	American	17/07/2026
Common	Call Option	Purchased	5,800	7.0 USD	American	18/12/2026
Common	Put Option	Purchased	-17,200	3.0 USD	American	16/01/2026
Common	Call Option	Purchased	15,700	4.0 USD	American	17/10/2025
Common	Call Option	Purchased	300	3.0 USD	American	17/10/2025
Common	Call Option	Purchased	1,000	8.0 USD	American	17/10/2025
Common	Put Option	Purchased	-2,200	7.0 USD	American	17/07/2026
Common	Put Option	Purchased	-8,200	6.0 USD	American	16/01/2026
Common	Call Option	Purchased	176,700	5.0 USD	American	17/10/2025
Common	Call Option	Purchased	3,100	10.0 USD	American	16/01/2026
Common	Put Option	Purchased	-10,400	5.0 USD	American	17/04/2026
Common	Put Option	Purchased	-900	7.0 USD	American	17/10/2025
Common	Put Option	Purchased	-217,400	4.0 USD	American	16/01/2026
Common	Call Option	Purchased	18,800	6.0 USD	American	17/04/2026
Common	Call Option	Purchased	2,800	7.0 USD	American	17/07/2026
Common	Put Option	Purchased	-200	7.0 USD	American	16/01/2026
Common	Put Option	Sold	600	3.0 USD	American	17/10/2025
Common	Put Option	Sold	200	6.0 USD	American	17/10/2025
Common	Call Option	Sold	-4,000	6.0 USD	American	16/01/2026
Common	Call Option	Sold	-300	9.0 USD	American	17/04/2026
Common	Call Option	Sold	-1,700	7.0 USD	American	21/11/2025
Common	Call Option	Sold	-508,400	7.0 USD	American	17/04/2026
Common	Call Option	Sold	-800	4.0 USD	American	17/07/2026
Common	Put Option	Sold	100	5.0 USD	American	18/12/2026
Common	Call Option	Sold	-200	10.0 USD	American	17/04/2026
Common	Put Option	Sold	200	4.0 USD	American	17/04/2026
Common	Call Option	Sold	-400	8.0 USD	American	17/04/2026
Common	Call Option	Sold	-1,000	5.0 USD	American	21/01/2028
Common	Call Option	Sold	-200	8.0 USD	American	16/01/2026
Common	Call Option	Sold	-800	6.0 USD	American	21/11/2025
Common	Call Option	Sold	-39,400	5.0 USD	American	17/07/2026
Common	Call Option	Sold	-6,200	12.0 USD	American	16/01/2026
Common	Call Option	Sold	-52,500	5.0 USD	American	16/01/2026
Common	Call Option	Sold	-153,400	7.0 USD	American	16/01/2026
Common	Call Option	Sold	-400	5.0 USD	American	18/12/2026
Common	Put Option	Sold	91,400	5.0 USD	American	16/01/2026
Common	Put Option	Sold	1,700	5.0 USD	American	17/10/2025
Common	Call Option	Sold	-1,400	3.0 USD	American	16/01/2026
Common	Put Option	Sold	500	6.0 USD	American	21/11/2025
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	-100	1.0 USD	American	17/07/2026

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 .

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END

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