Ap27
FORM 8.3
IRISH TAKEOVER PANEL
OPENING POSITION DISCLOSURE/DEALING DISCLOSURE UNDER RULE 8.3 OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER
RULES, 2022 BY PERSONS WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
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 |
AVADEL PHARMACEUTICALS PLC |
| (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree (Note 1) |
N/A |
| (e) Date position held/dealing undertaken For an opening position disclosure, state the latest practicable date prior to the disclosure |
23 October 2025 |
| (f) In addition to the company in 1(c) above, is the discloser also making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state "N/A" |
N/A
|
2. INTERESTS AND SHORT POSITIONS
If there are interests and short positions to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2 for each additional class of relevant security.
Ap28
Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)
(Note 2)
| Class of relevant security |
Common Stock ISIN IE00BDGMC594 $0.01 ordinary shares |
|||
| |
Interests |
Short positions |
||
| Number |
% |
Number |
% |
|
| (1) Relevant securities owned and/or controlled |
1,634,115 |
1.67 |
686,673 |
0.70 |
| (2) Cash-settled derivatives |
0 |
0.00 |
15,091 |
0.01 |
| (3) Stock-settled derivatives (including options) and agreements to purchase/ sell |
122,900 |
0.12 |
1,496,300 |
1.53 |
| Total |
1,757,015 |
1.80 |
2,198,064 |
2.25 |
All interests and all short positions should be disclosed.
Details of options including rights to subscribe for new securities and 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.
3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE (Note 4)
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 |
Purchase/sale |
Number of |
Price per unit |
| Common |
Buy Transaction |
1,500 |
18.4702 USD |
| Common |
Buy Transaction |
79 |
18.4800 USD |
| Common |
Buy Transaction |
100 |
18.4819 USD |
| Common |
Buy Transaction |
3,100 |
18.4823 USD |
| Common |
Buy Transaction |
600 |
18.4850 USD |
| Common |
Buy Transaction |
1,495 |
18.4850 USD |
| Common |
Buy Transaction |
116 |
18.4879 USD |
| Common |
Buy Transaction |
4,374 |
18.4900 USD |
| Common |
Buy Transaction |
50,368 |
18.4900 USD |
| Common |
Buy Transaction |
200 |
18.4901 USD |
| Common |
Buy Transaction |
103 |
18.4907 USD |
| Common |
Buy Transaction |
3,745 |
18.4932 USD |
| Common |
Buy Transaction |
9,668 |
18.4938 USD |
| Common |
Buy Transaction |
231 |
18.4943 USD |
| Common |
Buy Transaction |
9,707 |
18.4949 USD |
| Common |
Buy Transaction |
1,500 |
18.4950 USD |
| Common |
Buy Transaction |
974 |
18.4951 USD |
| Common |
Buy Transaction |
1,282 |
18.4964 USD |
| Common |
Buy Transaction |
15,700 |
18.4971 USD |
| Common |
Buy Transaction |
52,960 |
18.4971 USD |
| Common |
Buy Transaction |
1,945 |
18.4985 USD |
| Common |
Buy Transaction |
2,594 |
18.4989 USD |
| Common |
Buy Transaction |
171 |
18.4989 USD |
| Common |
Buy Transaction |
9,989 |
18.5000 USD |
| Common |
Buy Transaction |
850 |
18.5003 USD |
| Common |
Buy Transaction |
4,087 |
18.5011 USD |
| Common |
Buy Transaction |
690 |
18.5013 USD |
| Common |
Buy Transaction |
8 |
18.5025 USD |
| Common |
Buy Transaction |
3,690 |
18.5031 USD |
| Common |
Buy Transaction |
928 |
18.5031 USD |
| Common |
Buy Transaction |
46,570 |
18.5038 USD |
| Common |
Buy Transaction |
2,228 |
18.5039 USD |
| Common |
Buy Transaction |
2,720 |
18.5040 USD |
| Common |
Buy Transaction |
158 |
18.5043 USD |
| Common |
Buy Transaction |
119 |
18.5045 USD |
| Common |
Buy Transaction |
11,758 |
18.5048 USD |
| Common |
Buy Transaction |
4,792 |
18.5048 USD |
| Common |
Buy Transaction |
1,564 |
18.5050 USD |
| Common |
Buy Transaction |
3,900 |
18.5051 USD |
| Common |
Buy Transaction |
49 |
18.5051 USD |
| Common |
Buy Transaction |
11 |
18.5055 USD |
| Common |
Buy Transaction |
1,377 |
18.5055 USD |
| Common |
Buy Transaction |
7 |
18.5057 USD |
| Common |
Buy Transaction |
850 |
18.5063 USD |
| Common |
Buy Transaction |
2,982 |
18.5063 USD |
| Common |
Buy Transaction |
46,894 |
18.5063 USD |
| Common |
Buy Transaction |
273 |
18.5064 USD |
| Common |
Buy Transaction |
217 |
18.5071 USD |
| Common |
Buy Transaction |
14,477 |
18.5073 USD |
| Common |
Buy Transaction |
200 |
18.5075 USD |
| Common |
Buy Transaction |
69,609 |
18.5075 USD |
| Common |
Buy Transaction |
1,775 |
18.5076 USD |
| Common |
Buy Transaction |
767 |
18.5077 USD |
| Common |
Buy Transaction |
184 |
18.5077 USD |
| Common |
Buy Transaction |
53 |
18.5079 USD |
| Common |
Buy Transaction |
246 |
18.5081 USD |
| Common |
Buy Transaction |
19,868 |
18.5083 USD |
| Common |
Buy Transaction |
359,480 |
18.5084 USD |
| Common |
Buy Transaction |
700 |
18.5086 USD |
| Common |
Buy Transaction |
160 |
18.5095 USD |
| Common |
Buy Transaction |
258 |
18.5096 USD |
| Common |
Buy Transaction |
7,629 |
18.5097 USD |
| Common |
Buy Transaction |
3,631 |
18.5100 USD |
| Common |
Buy Transaction |
18,109 |
18.5100 USD |
| Common |
Buy Transaction |
57 |
18.5102 USD |
| Common |
Buy Transaction |
1,503 |
18.5109 USD |
| Common |
Buy Transaction |
1,945 |
18.5109 USD |
| Common |
Buy Transaction |
740 |
18.5109 USD |
| Common |
Buy Transaction |
20 |
18.5110 USD |
| Common |
Buy Transaction |
37,109 |
18.5111 USD |
| Common |
Buy Transaction |
214 |
18.5111 USD |
| Common |
Buy Transaction |
1,023 |
18.5112 USD |
| Common |
Buy Transaction |
2,000 |
18.5114 USD |
| Common |
Buy Transaction |
242,318 |
18.5116 USD |
| Common |
Buy Transaction |
882 |
18.5118 USD |
| Common |
Buy Transaction |
171 |
18.5120 USD |
| Common |
Buy Transaction |
30 |
18.5127 USD |
| Common |
Buy Transaction |
2,915 |
18.5128 USD |
| Common |
Buy Transaction |
49 |
18.5135 USD |
| Common |
Buy Transaction |
130 |
18.5140 USD |
| Common |
Buy Transaction |
1,807 |
18.5146 USD |
| Common |
Buy Transaction |
366 |
18.5148 USD |
| Common |
Buy Transaction |
6,729 |
18.5149 USD |
| Common |
Buy Transaction |
800 |
18.5150 USD |
| Common |
Buy Transaction |
900 |
18.5150 USD |
| Common |
Buy Transaction |
99 |
18.5151 USD |
| Common |
Buy Transaction |
800 |
18.5156 USD |
| Common |
Buy Transaction |
52 |
18.5160 USD |
| Common |
Buy Transaction |
2,400 |
18.5162 USD |
| Common |
Buy Transaction |
3,860 |
18.5164 USD |
| Common |
Buy Transaction |
16,295 |
18.5164 USD |
| Common |
Buy Transaction |
1,599 |
18.5167 USD |
| Common |
Buy Transaction |
25 |
18.5168 USD |
| Common |
Buy Transaction |
1,268 |
18.5178 USD |
| Common |
Buy Transaction |
635 |
18.5181 USD |
| Common |
Buy Transaction |
8,520 |
18.5188 USD |
| Common |
Buy Transaction |
31,788 |
18.5194 USD |
| Common |
Buy Transaction |
12,981 |
18.5195 USD |
| Common |
Buy Transaction |
450 |
18.5195 USD |
| Common |
Buy Transaction |
856 |
18.5200 USD |
| Common |
Buy Transaction |
18,976 |
18.5200 USD |
| Common |
Buy Transaction |
487 |
18.5204 USD |
| Common |
Buy Transaction |
166 |
18.5207 USD |
| Common |
Buy Transaction |
13 |
18.5208 USD |
| Common |
Buy Transaction |
1,000 |
18.5210 USD |
| Common |
Buy Transaction |
3,998 |
18.5212 USD |
| Common |
Buy Transaction |
76 |
18.5212 USD |
| Common |
Buy Transaction |
96 |
18.5219 USD |
| Common |
Buy Transaction |
50 |
18.5220 USD |
| Common |
Buy Transaction |
64 |
18.5222 USD |
| Common |
Buy Transaction |
4,545 |
18.5223 USD |
| Common |
Buy Transaction |
55 |
18.5224 USD |
| Common |
Buy Transaction |
82 |
18.5224 USD |
| Common |
Buy Transaction |
64 |
18.5225 USD |
| Common |
Buy Transaction |
1,111 |
18.5227 USD |
| Common |
Buy Transaction |
7 |
18.5229 USD |
| Common |
Buy Transaction |
147 |
18.5237 USD |
| Common |
Buy Transaction |
2,118 |
18.5243 USD |
| Common |
Buy Transaction |
1,514 |
18.5250 USD |
| Common |
Buy Transaction |
1,243 |
18.5251 USD |
| Common |
Buy Transaction |
605 |
18.5270 USD |
| Common |
Buy Transaction |
1,250 |
18.5290 USD |
| Common |
Buy Transaction |
9,889 |
18.5300 USD |
| Common |
Buy Transaction |
382 |
18.5316 USD |
| Common |
Buy Transaction |
800 |
18.5325 USD |
| Common |
Buy Transaction |
1,200 |
18.5350 USD |
| Common |
Buy Transaction |
57 |
18.5351 USD |
| Common |
Buy Transaction |
118 |
18.5400 USD |
| Common |
Buy Transaction |
293 |
18.5500 USD |
| Common |
Buy Transaction |
46 |
18.5535 USD |
| Common |
Buy Transaction |
118,991 |
18.5600 USD |
| Common |
Sell Transaction |
1 |
18.4700 USD |
| Common |
Sell Transaction |
56,000 |
18.4799 USD |
| Common |
Sell Transaction |
1,887 |
18.4800 USD |
| Common |
Sell Transaction |
195 |
18.4850 USD |
| Common |
Sell Transaction |
10 |
18.4870 USD |
| Common |
Sell Transaction |
5,977 |
18.4894 USD |
| Common |
Sell Transaction |
141 |
18.4900 USD |
| Common |
Sell Transaction |
18 |
18.4906 USD |
| Common |
Sell Transaction |
1,557 |
18.4910 USD |
| Common |
Sell Transaction |
21 |
18.4914 USD |
| Common |
Sell Transaction |
4,919 |
18.4924 USD |
| Common |
Sell Transaction |
17,112 |
18.4936 USD |
| Common |
Sell Transaction |
417 |
18.4949 USD |
| Common |
Sell Transaction |
718 |
18.4953 USD |
| Common |
Sell Transaction |
155 |
18.4955 USD |
| Common |
Sell Transaction |
7,830 |
18.4955 USD |
| Common |
Sell Transaction |
500 |
18.4960 USD |
| Common |
Sell Transaction |
661 |
18.4964 USD |
| Common |
Sell Transaction |
2,087 |
18.4994 USD |
| Common |
Sell Transaction |
27,012 |
18.4996 USD |
| Common |
Sell Transaction |
14,153 |
18.5000 USD |
| Common |
Sell Transaction |
15,309 |
18.5000 USD |
| Common |
Sell Transaction |
1,989 |
18.5000 USD |
| Common |
Sell Transaction |
304 |
18.5001 USD |
| Common |
Sell Transaction |
14,608 |
18.5006 USD |
| Common |
Sell Transaction |
11,067 |
18.5009 USD |
| Common |
Sell Transaction |
44 |
18.5009 USD |
| Common |
Sell Transaction |
1,000 |
18.5010 USD |
| Common |
Sell Transaction |
328 |
18.5010 USD |
| Common |
Sell Transaction |
15,609 |
18.5017 USD |
| Common |
Sell Transaction |
457,382 |
18.5018 USD |
| Common |
Sell Transaction |
10,743 |
18.5020 USD |
| Common |
Sell Transaction |
4,102 |
18.5024 USD |
| Common |
Sell Transaction |
1,100 |
18.5032 USD |
| Common |
Sell Transaction |
300 |
18.5038 USD |
| Common |
Sell Transaction |
2,720 |
18.5040 USD |
| Common |
Sell Transaction |
3,753 |
18.5040 USD |
| Common |
Sell Transaction |
114 |
18.5044 USD |
| Common |
Sell Transaction |
1,677 |
18.5047 USD |
| Common |
Sell Transaction |
628 |
18.5048 USD |
| Common |
Sell Transaction |
3,204 |
18.5050 USD |
| Common |
Sell Transaction |
102 |
18.5051 USD |
| Common |
Sell Transaction |
189 |
18.5052 USD |
| Common |
Sell Transaction |
5,030 |
18.5056 USD |
| Common |
Sell Transaction |
279 |
18.5056 USD |
| Common |
Sell Transaction |
11,203 |
18.5058 USD |
| Common |
Sell Transaction |
165,190 |
18.5063 USD |
| Common |
Sell Transaction |
46,691 |
18.5066 USD |
| Common |
Sell Transaction |
3 |
18.5067 USD |
| Common |
Sell Transaction |
1,179 |
18.5069 USD |
| Common |
Sell Transaction |
842 |
18.5069 USD |
| Common |
Sell Transaction |
4,025 |
18.5073 USD |
| Common |
Sell Transaction |
384 |
18.5074 USD |
| Common |
Sell Transaction |
1,516 |
18.5076 USD |
| Common |
Sell Transaction |
2,501 |
18.5076 USD |
| Common |
Sell Transaction |
64,487 |
18.5077 USD |
| Common |
Sell Transaction |
34 |
18.5079 USD |
| Common |
Sell Transaction |
3,617 |
18.5087 USD |
| Common |
Sell Transaction |
323 |
18.5089 USD |
| Common |
Sell Transaction |
85 |
18.5089 USD |
| Common |
Sell Transaction |
4,733 |
18.5089 USD |
| Common |
Sell Transaction |
63,436 |
18.5090 USD |
| Common |
Sell Transaction |
8,856 |
18.5091 USD |
| Common |
Sell Transaction |
18,334 |
18.5092 USD |
| Common |
Sell Transaction |
1,804 |
18.5092 USD |
| Common |
Sell Transaction |
2,900 |
18.5093 USD |
| Common |
Sell Transaction |
3,260 |
18.5093 USD |
| Common |
Sell Transaction |
167 |
18.5094 USD |
| Common |
Sell Transaction |
80,586 |
18.5094 USD |
| Common |
Sell Transaction |
73 |
18.5099 USD |
| Common |
Sell Transaction |
673 |
18.5099 USD |
| Common |
Sell Transaction |
68,265 |
18.5100 USD |
| Common |
Sell Transaction |
469 |
18.5101 USD |
| Common |
Sell Transaction |
900 |
18.5106 USD |
| Common |
Sell Transaction |
81 |
18.5106 USD |
| Common |
Sell Transaction |
1,600 |
18.5106 USD |
| Common |
Sell Transaction |
4,097 |
18.5109 USD |
| Common |
Sell Transaction |
180 |
18.5111 USD |
| Common |
Sell Transaction |
4,597 |
18.5112 USD |
| Common |
Sell Transaction |
7,440 |
18.5119 USD |
| Common |
Sell Transaction |
192 |
18.5120 USD |
| Common |
Sell Transaction |
15,212 |
18.5123 USD |
| Common |
Sell Transaction |
600 |
18.5133 USD |
| Common |
Sell Transaction |
9,241 |
18.5139 USD |
| Common |
Sell Transaction |
600 |
18.5142 USD |
| Common |
Sell Transaction |
24,778 |
18.5150 USD |
| Common |
Sell Transaction |
302 |
18.5150 USD |
| Common |
Sell Transaction |
4,150 |
18.5152 USD |
| Common |
Sell Transaction |
15 |
18.5153 USD |
| Common |
Sell Transaction |
127 |
18.5155 USD |
| Common |
Sell Transaction |
1,400 |
18.5157 USD |
| Common |
Sell Transaction |
22,678 |
18.5160 USD |
| Common |
Sell Transaction |
5,400 |
18.5172 USD |
| Common |
Sell Transaction |
1,429 |
18.5174 USD |
| Common |
Sell Transaction |
4 |
18.5175 USD |
| Common |
Sell Transaction |
157 |
18.5176 USD |
| Common |
Sell Transaction |
3,932 |
18.5176 USD |
| Common |
Sell Transaction |
9 |
18.5178 USD |
| Common |
Sell Transaction |
25 |
18.5184 USD |
| Common |
Sell Transaction |
641 |
18.5194 USD |
| Common |
Sell Transaction |
282 |
18.5199 USD |
| Common |
Sell Transaction |
267 |
18.5200 USD |
| Common |
Sell Transaction |
16,944 |
18.5200 USD |
| Common |
Sell Transaction |
305 |
18.5203 USD |
| Common |
Sell Transaction |
871 |
18.5209 USD |
| Common |
Sell Transaction |
357 |
18.5215 USD |
| Common |
Sell Transaction |
2,945 |
18.5216 USD |
| Common |
Sell Transaction |
3 |
18.5233 USD |
| Common |
Sell Transaction |
57 |
18.5235 USD |
| Common |
Sell Transaction |
2,800 |
18.5237 USD |
| Common |
Sell Transaction |
1,170 |
18.5238 USD |
| Common |
Sell Transaction |
12,311 |
18.5249 USD |
| Common |
Sell Transaction |
200 |
18.5250 USD |
| Common |
Sell Transaction |
213 |
18.5250 USD |
| Common |
Sell Transaction |
109 |
18.5250 USD |
| Common |
Sell Transaction |
3,979 |
18.5272 USD |
| Common |
Sell Transaction |
13 |
18.5277 USD |
| Common |
Sell Transaction |
2,485 |
18.5277 USD |
| Common |
Sell Transaction |
2,757 |
18.5300 USD |
| Common |
Sell Transaction |
3,000 |
18.5302 USD |
| Common |
Sell Transaction |
765 |
18.5332 USD |
| Common |
Sell Transaction |
600 |
18.5350 USD |
| Common |
Sell Transaction |
6 |
18.5400 USD |
| Common |
Sell Transaction |
1,922 |
18.5500 USD |
| Common |
Sell Transaction |
17 |
18.5500 USD |
| Common |
Sell Transaction |
116,516 |
18.5600 USD |
| Common |
Sell Transaction |
289 |
18.7035 USD |
| Common |
Sell Transaction |
17 |
19.0000 USD |
Ap29
(b) Cash-settled derivative transactions
| Class of |
Product |
Nature of dealing |
Number of |
Price |
| Common |
CFD |
Reducing short position |
64,432 |
18.5163 USD |
| Common |
CFD |
Reducing short position |
299 |
18.5314 USD |
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
| Class of |
Product |
Writing, purchasing, selling, varying |
Number |
Exercise |
Type |
Expiry |
Option |
| Common |
Call Option |
Buy Transaction |
300 |
20.0000 USD |
American |
2027-01-15 |
0.2200 USD |
| Common |
Call Option |
Buy Transaction |
100 |
20.0000 USD |
American |
2027-01-15 |
0.3000 USD |
| Common |
Call Option |
Buy Transaction |
10,500 |
17.5000 USD |
American |
2025-11-21 |
1.0500 USD |
| Common |
Call Option |
Buy Transaction |
100 |
17.5000 USD |
American |
2025-11-21 |
1.0700 USD |
| Common |
Call Option |
Buy Transaction |
900 |
17.5000 USD |
American |
2025-11-21 |
1.1000 USD |
| Common |
Call Option |
Buy Transaction |
400 |
17.5000 USD |
American |
2025-11-21 |
1.1200 USD |
| Common |
Call Option |
Buy Transaction |
100 |
17.5000 USD |
American |
2026-01-16 |
1.2000 USD |
| Common |
Put Option |
Buy Transaction |
100 |
20.0000 USD |
American |
2025-11-21 |
1.5700 USD |
| Common |
Call Option |
Buy Transaction |
2,000 |
15.0000 USD |
American |
2025-11-21 |
3.5000 USD |
| Common |
Call Option |
Buy Transaction |
10,000 |
15.0000 USD |
American |
2025-12-19 |
3.5200 USD |
| Common |
Call Option |
Buy Transaction |
100 |
15.0000 USD |
American |
2025-11-21 |
3.5500 USD |
| Common |
Call Option |
Buy Transaction |
400 |
15.0000 USD |
American |
2025-12-19 |
3.6500 USD |
| Common |
Call Option |
Buy Transaction |
700 |
12.5000 USD |
American |
2025-11-21 |
5.9000 USD |
| Common |
Call Option |
Buy Transaction |
2,700 |
12.5000 USD |
American |
2025-11-21 |
6.0000 USD |
| Common |
Call Option |
Buy Transaction |
100 |
12.5000 USD |
American |
2025-11-21 |
6.1000 USD |
| Common |
Call Option |
Buy Transaction |
7,200 |
7.5000 USD |
American |
2025-11-21 |
11.0000 USD |
| Common |
Put Option |
Sell Transaction |
1,500 |
17.5000 USD |
American |
2025-12-19 |
0.0500 USD |
| Common |
Call Option |
Sell Transaction |
600 |
20.0000 USD |
American |
2025-11-21 |
0.0900 USD |
| Common |
Call Option |
Sell Transaction |
100 |
20.0000 USD |
American |
2025-12-19 |
0.1200 USD |
| Common |
Call Option |
Sell Transaction |
5,300 |
20.0000 USD |
American |
2025-12-19 |
0.1300 USD |
| Common |
Call Option |
Sell Transaction |
100 |
20.0000 USD |
American |
2026-01-16 |
0.1700 USD |
| Common |
Call Option |
Sell Transaction |
3,200 |
17.5000 USD |
American |
2025-11-21 |
1.1000 USD |
| Common |
Call Option |
Sell Transaction |
400 |
17.5000 USD |
American |
2025-11-21 |
1.1200 USD |
| Common |
Call Option |
Sell Transaction |
700 |
17.5000 USD |
American |
2025-11-21 |
1.1300 USD |
| Common |
Call Option |
Sell Transaction |
1,200 |
17.5000 USD |
American |
2025-11-21 |
1.1400 USD |
| Common |
Call Option |
Sell Transaction |
100 |
17.5000 USD |
American |
2025-11-21 |
1.1500 USD |
| Common |
Call Option |
Sell Transaction |
18,500 |
17.5000 USD |
American |
2025-12-19 |
1.1900 USD |
| Common |
Call Option |
Sell Transaction |
10,000 |
17.5000 USD |
American |
2025-12-19 |
1.2000 USD |
| Common |
Call Option |
Sell Transaction |
2,900 |
17.5000 USD |
American |
2025-12-19 |
1.2500 USD |
| Common |
Call Option |
Sell Transaction |
200 |
15.0000 USD |
American |
2025-12-19 |
3.6400 USD |
| Common |
Call Option |
Sell Transaction |
200 |
15.0000 USD |
American |
2025-12-19 |
3.6500 USD |
(ii) Exercise
| Class of |
Product |
Exercising/ |
Number of |
Exercise |
(d) Other dealings (including transactions in respect of new securities) (Note 3)
| Class of |
Nature of dealing |
Details |
Price per unit (if |
|
|
|
|
|
Ap30
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
| Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced. If none, this should be stated. |
| None |
(c) Attachments
| Is a Supplemental Form 8 attached? |
YES |
| Date of disclosure |
24 October 2025 |
| Contact name |
Paula Santos |
| Telephone number |
020 7645 9700 |
Public disclosures under Rule 8.3 of the Rules must be made to a Regulatory Information Service.
Ap32
SUPPLEMENTAL FORM 8
IRISH TAKEOVER PANEL
DISCLOSURE UNDER RULE 8.1, RULE 8.3, RULE 38.5(b) AND
RULE 38.6 OF THE IRISH TAKEOVER PANEL ACT, 1997,
TAKEOVER RULES, 2022
DETAILS OF OPEN STOCK-SETTLED DERIVATIVE (INCLUDING
OPTION) POSITIONS, AGREEMENTS TO PURCHASE OR SELL AND
RIGHTS TO SUBSCRIBE FOR NEW SECURITIES
1. KEY INFORMATION
| Full name of person making |
Citadel Group |
| Name of offeror/offeree in relation |
AVADEL PHARMACEUTICALS PLC |
2. STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)
| Class of |
Product |
Written or |
Number of |
Exercise |
Type |
Expiry |
| Common |
Put Option |
Purchased |
-1,100 |
5.0 USD
|
American
|
16/01/2026
|
| Common |
Call Option |
Purchased |
7,200 |
7.5 USD
|
American
|
21/11/2025
|
| Common |
Put Option |
Purchased |
-1,000 |
25.0 USD
|
American
|
20/03/2026
|
| Common |
Call Option |
Purchased |
3,100 |
25.0 USD
|
American
|
15/01/2027
|
| Common |
Call Option |
Purchased |
0 |
25.0 USD
|
American
|
20/03/2026
|
| Common |
Put Option |
Purchased |
-3,100 |
12.5 USD
|
American
|
20/03/2026
|
| Common |
Put Option |
Purchased |
-5,200 |
15.0 USD
|
American
|
19/12/2025
|
| Common |
Put Option |
Purchased |
0 |
10.0 USD
|
American
|
20/03/2026
|
| Common |
Call Option |
Purchased |
5,600 |
12.5 USD
|
American
|
15/01/2027
|
| Common |
Put Option |
Purchased |
-2,900 |
7.5 USD
|
American
|
19/12/2025
|
| Common |
Put Option |
Purchased |
-100 |
7.5 USD
|
American
|
20/03/2026
|
| Common |
Call Option |
Purchased |
200 |
22.5 USD
|
American
|
16/01/2026
|
| Common |
Put Option |
Purchased |
0 |
12.5 USD
|
American
|
15/01/2027
|
| Common |
Put Option |
Purchased |
-6,100 |
12.5 USD
|
American
|
21/11/2025
|
| Common |
Call Option |
Purchased |
7,900 |
20.0 USD
|
American
|
19/12/2025
|
| Common |
Put Option |
Purchased |
-70,700 |
15.0 USD
|
American
|
16/01/2026
|
| Common |
Put Option |
Purchased |
-1,000 |
17.5 USD
|
American
|
18/06/2026
|
| Common |
Put Option |
Purchased |
-200 |
17.5 USD
|
American
|
20/03/2026
|
| Common |
Call Option |
Purchased |
200 |
25.0 USD
|
American
|
21/11/2025
|
| Common |
Put Option |
Purchased |
-45,000 |
10.0 USD
|
American
|
16/01/2026
|
| Common |
Call Option |
Purchased |
900 |
7.5 USD
|
American
|
19/12/2025
|
| Common |
Call Option |
Purchased |
24,200 |
22.5 USD
|
American
|
20/03/2026
|
| Common |
Call Option |
Purchased |
5,800 |
22.5 USD
|
American
|
15/01/2027
|
| Common |
Call Option |
Purchased |
2,200 |
20.0 USD
|
American
|
18/06/2026
|
| Common |
Put Option |
Purchased |
-3,800 |
15.0 USD
|
American
|
20/03/2026
|
| Common |
Put Option |
Purchased |
-100 |
20.0 USD
|
American
|
18/06/2026
|
| Common |
Put Option |
Purchased |
-100 |
15.0 USD
|
American
|
15/01/2027
|
| Common |
Call Option |
Purchased |
5,200 |
15.0 USD
|
American
|
15/01/2027
|
| Common |
Put Option |
Purchased |
-500 |
15.0 USD
|
American
|
21/11/2025
|
| Common |
Call Option |
Sold |
-10,700 |
7.5 USD
|
American
|
15/01/2027
|
| Common |
Call Option |
Sold |
-185,200 |
10.0 USD
|
American
|
16/01/2026
|
| Common |
Call Option |
Sold |
-4,400 |
22.5 USD
|
American
|
19/12/2025
|
| Common |
Call Option |
Sold |
-4,800 |
17.5 USD
|
American
|
16/01/2026
|
| Common |
Call Option |
Sold |
-34,900 |
20.0 USD
|
American
|
16/01/2026
|
| Common |
Call Option |
Sold |
-158,700 |
20.0 USD
|
American
|
21/11/2025
|
| Common |
Call Option |
Sold |
-9,600 |
7.5 USD
|
American
|
16/01/2026
|
| Common |
Put Option |
Sold |
1,900 |
17.5 USD
|
American
|
19/12/2025
|
| Common |
Call Option |
Sold |
-3,400 |
22.5 USD
|
American
|
21/11/2025
|
| Common |
Call Option |
Sold |
-30,000 |
15.0 USD
|
American
|
20/03/2026
|
| Common |
Call Option |
Sold |
-35,400 |
5.0 USD
|
American
|
15/01/2027
|
| Common |
Call Option |
Sold |
-14,400 |
10.0 USD
|
American
|
15/01/2027
|
| Common |
Call Option |
Sold |
-253,500 |
17.5 USD
|
American
|
21/11/2025
|
| Common |
Put Option |
Sold |
100 |
10.0 USD
|
American
|
21/11/2025
|
| Common |
Call Option |
Sold |
-7,600 |
10.0 USD
|
American
|
19/12/2025
|
| Common |
Call Option |
Sold |
-151,200 |
15.0 USD
|
American
|
16/01/2026
|
| Common |
Call Option |
Sold |
-100 |
35.0 USD
|
American
|
16/01/2026
|
| Common |
Put Option |
Sold |
4,400 |
17.5 USD
|
American
|
16/01/2026
|
| Common |
Call Option |
Sold |
-219,200 |
12.5 USD
|
American
|
21/11/2025
|
| Common |
Put Option |
Sold |
8,200 |
10.0 USD
|
American
|
19/12/2025
|
| Common |
Call Option |
Sold |
-33,000 |
17.5 USD
|
American
|
19/12/2025
|
| Common |
Call Option |
Sold |
-19,400 |
17.5 USD
|
American
|
20/03/2026
|
| Common |
Put Option |
Sold |
24,900 |
7.5 USD
|
American
|
16/01/2026
|
| Common |
Call Option |
Sold |
-1,300 |
20.0 USD
|
American
|
15/01/2027
|
| Common |
Call Option |
Sold |
-1,700 |
25.0 USD
|
American
|
16/01/2026
|
| Common |
Call Option |
Sold |
-5,600 |
20.0 USD
|
American
|
20/03/2026
|
| Common |
Call Option |
Sold |
-200 |
5.0 USD
|
American
|
16/01/2026
|
| Common |
Call Option |
Sold |
-2,100 |
12.5 USD
|
American
|
20/03/2026
|
| Common |
Call Option |
Sold |
-67,300 |
12.5 USD
|
American
|
16/01/2026
|
| Common |
Put Option |
Sold |
1,600 |
12.5 USD
|
American
|
19/12/2025
|
| Common |
Call Option |
Sold |
-2,300 |
30.0 USD
|
American
|
16/01/2026
|
| Common |
Put Option |
Sold |
11,800 |
17.5 USD
|
American
|
21/11/2025
|
| Common |
Call Option |
Sold |
-6,700 |
12.5 USD
|
American
|
19/12/2025
|
| Common |
Put Option |
Sold |
400 |
20.0 USD
|
American
|
20/03/2026
|
| Common |
Call Option |
Sold |
-100 |
25.0 USD
|
American
|
19/12/2025
|
| Common |
Call Option |
Sold |
-5,100 |
17.5 USD
|
American
|
15/01/2027
|
| Common |
Call Option |
Sold |
-57,100 |
15.0 USD
|
American
|
19/12/2025
|
| Common |
Put Option |
Sold |
5,400 |
12.5 USD
|
American
|
16/01/2026
|
| Common |
Put Option |
Sold |
1,700 |
20.0 USD
|
American
|
21/11/2025
|
| Common |
Call Option |
Sold |
-28,700 |
15.0 USD
|
American
|
21/11/2025
|
| Common |
Call Option |
Sold |
-1,700 |
30.0 USD
|
American
|
21/11/2025
|
3. AGREEMENTS TO PURCHASE OR SELL
| Full details should be given so that the nature of the interest or position can be fully understood: |
|
|
Ap33
4. 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: |
|
It is not necessary to provide details on a Supplemental Form with regard to cash-settled derivatives.
The currency of all prices and other monetary amounts should be stated.
For full details of disclosure requirements, see Rule 8 of the Rules. If in doubt, consult the Panel.
References in these notes to "the Rules" are to the Irish Takeover Panel Act, 1997, Takeover Rules, 2022.