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
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(a) Full name of discloser:Man Group PLC(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:
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Use a separate form for each offeror/offereeDowlais Group plc(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 disclosure30/06/2025(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
Offeror: American Axle & Manufacturing Holdings, Inc. 2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE
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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:
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1p ordinary InterestsShort positionsNumber%Number%(1) Relevant securities owned and/or controlled: (2) Cash-settled derivatives:
19,490,1711.48 (3) Stock-settled derivatives (including options) and agreements to purchase/sell:
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TOTAL:19,490,1711.48 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
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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 securityPurchase/sale
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Number of securitiesPrice per unit (b) Cash-settled derivative transactions
Class of relevant securityProduct description
e.g. CFDNature of dealing
e.g. opening/closing a long/short position, increasing/reducing a long/short positionNumber of reference securitiesPrice per unit1p ordinaryEquity SwapIncreasing a long position34,4630.6706 GBP1p ordinaryEquity SwapIncreasing a long position90,8710.6630 GBP1p ordinaryEquity SwapIncreasing a long position315,9450.6706 GBP1p ordinaryEquity SwapIncreasing a long position833,0530.6630 GBP1p ordinaryEquity SwapIncreasing a long position20,0130.6706 GBP1p ordinaryEquity SwapIncreasing a long position52,7690.6630 GBP1p ordinaryEquity SwapIncreasing a long position3,7390.6706 GBP1p ordinaryEquity SwapIncreasing a long position9,8600.6630 GBP1p ordinaryEquity SwapIncreasing a long position117,9940.6706 GBP1p ordinaryEquity SwapIncreasing a long position311,1180.6630 GBP1p ordinaryEquity SwapIncreasing a long position7,0400.6706 GBP1p ordinaryEquity SwapIncreasing a long position18,5630.6630 GBP1p ordinaryEquity SwapIncreasing a long position66,4350.6706 GBP1p ordinaryEquity SwapIncreasing a long position175,1740.6630 GBP (c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
Class of relevant securityProduct description e.g. call optionWriting, purchasing, selling, varying etc.Number of securities to which option relatesExercise price per unitType
e.g. American, European etc.Expiry dateOption money paid/ received per unit (ii) Exercise
Class of relevant securityProduct description
e.g. call optionExercising/ exercised againstNumber of securitiesExercise price per unit (d) Other dealings (including subscribing for new securities)
Class of relevant securityNature of dealing
e.g. subscription, conversionDetailsPrice 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:01/07/2025Contact name:Matthew IrwinTelephone number:+442071447255 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.
The Code can be viewed on the Panel’s website at http://www.thetakeoverpanel.org.uk.
