Form 8.3
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
25 th 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:
4,246,658
0.536%
641,567
0.081%
(2) Cash-settled derivatives:
1,138
0.000%
4,586,827
0.579%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:
-
-
-
-
TOTAL:
4,247,796
0.536%
5,228,394
0.660%
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
Sale
2,126
6.39
US0240611031
Sale
2,002
6.38
US0240611032
Purchase
33,429
6.40
US0240611033
Purchase
23,268
6.39
US0240611034
Purchase
24,058
6.37
US0240611035
Purchase
15,451
6.41
US0240611036
Purchase
2,246
6.31
US0240611037
Purchase
6,400
6.42
US0240611038
Purchase
5,339
6.30
US0240611039
Purchase
900
6.35
US0240611040
Purchase
940
6.32
US0240611041
Purchase
19,049
6.38
US0240611042
Sale
487
6.38
US0240611043
Purchase
16,687
6.36
US0240611044
Purchase
1,560
6.33
US0240611045
Purchase
231
6.34
US0240611046
Purchase
300
6.29
US0240611047
Purchase
21,455
6.40
US0240611048
Purchase
47,346
6.39
US0240611049
Purchase
42,601
6.37
US0240611050
Purchase
5,994
6.41
US0240611051
Purchase
100
6.31
US0240611052
Purchase
8,346
6.42
US0240611053
Purchase
100
6.30
US0240611054
Purchase
337
6.35
US0240611055
Purchase
590
6.32
US0240611056
Purchase
27,482
6.38
US0240611057
Sale
1,800
6.38
US0240611058
Purchase
1,563
6.36
US0240611059
Purchase
600
6.33
US0240611060
Purchase
626
6.29
US0240611061
Purchase
783
6.40
US0240611062
Sale
2,281
6.40
US0240611063
Purchase
1,042
6.39
US0240611064
Sale
21
6.39
US0240611065
Purchase
1,069
6.37
US0240611066
Sale
967
6.37
US0240611067
Purchase
679
6.41
US0240611068
Sale
890
6.31
US0240611069
Purchase
188
6.42
US0240611070
Sale
1,900
6.30
US0240611071
Purchase
77
6.35
US0240611072
Sale
136
6.32
US0240611073
Purchase
2,973
6.38
US0240611074
Sale
2,295
6.38
US0240611075
Purchase
62
6.36
US0240611076
Purchase
157
6.33
US0240611077
Sale
759
6.33
US0240611078
Purchase
268
6.29
US0240611079
Sale
950
6.29
US0240611080
Sale
100
6.28
US0240611081
Purchase
5,692
6.40
US0240611082
Sale
13
6.40
US0240611083
Purchase
1,875
6.39
US0240611084
Purchase
5,889
6.37
US0240611085
Sale
7
6.37
US0240611086
Purchase
2,609
6.41
US0240611087
Sale
20
6.31
US0240611088
Purchase
1,302
6.42
US0240611089
Purchase
3,698
6.38
US0240611090
Sale
33
6.38
US0240611091
Sale
1
6.33
US0240611092
Purchase
1,308
6.40
US0240611093
Purchase
345
6.39
US0240611094
Purchase
1,506
6.37
US0240611095
Sale
76
6.37
US0240611096
Purchase
375
6.35
US0240611097
Purchase
14,800
6.38
(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
US0240611097
Equity Swap
Opening a Long Position
1,138
6.38 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
Is a Supplemental Form 8 (Open Positions) attached?
NO
Date of disclosure:
26 th November 2025
Contact name:
Stephen Glasper
Telephone number:
+44 203 398 2166
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 monitoring@disclosure.org.uk. 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.