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
9 th January 2026
(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:
4,339,356
3.656%
731,937
0.617%
(2) Cash-settled derivatives:
13,587
0.011%
5,448,029
4.590%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:
-
-
-
-
TOTAL:
4,352,943
3.667%
6,179,966
5.207%
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
28,757
7.74
US0240611030
Purchase
4,700
7.72
US0240611030
Sale
200
7.72
US0240611030
Purchase
200
7.37
US0240611030
Purchase
9,629
7.81
US0240611030
Purchase
910
7.40
US0240611030
Purchase
192
7.66
US0240611030
Purchase
2,600
7.65
US0240611030
Sale
1,928
7.65
US0240611030
Purchase
13,055
7.73
US0240611030
Purchase
50,357
7.83
US0240611030
Purchase
37,358
7.71
US0240611030
Sale
628
7.71
US0240611030
Purchase
2,200
7.54
US0240611030
Sale
3,025
7.54
US0240611030
Purchase
6,899
7.57
US0240611030
Sale
1,100
7.57
US0240611030
Purchase
6,437
7.53
US0240611030
Sale
2,063
7.53
US0240611030
Purchase
1,800
7.43
US0240611030
Sale
645
7.43
US0240611030
Purchase
2,548
7.51
US0240611030
Sale
2,876
7.51
US0240611030
Purchase
5,491
7.52
US0240611030
Sale
434
7.52
US0240611030
Purchase
1,375
7.34
US0240611030
Purchase
825
7.33
US0240611030
Purchase
977
7.32
US0240611030
Purchase
2,900
7.42
US0240611030
Sale
1,355
7.42
US0240611030
Purchase
6,245
7.61
US0240611030
Sale
700
7.61
US0240611030
Purchase
10,786
7.68
US0240611030
Sale
500
7.68
US0240611030
Purchase
8,041
7.58
US0240611030
Sale
218
7.58
US0240611030
Purchase
400
7.41
US0240611030
Purchase
4,112
7.46
US0240611030
Purchase
8,414
7.45
US0240611030
Purchase
5,530
7.50
US0240611030
Purchase
3,100
7.44
US0240611030
Purchase
9,042
7.75
US0240611030
Sale
877
7.75
US0240611030
Purchase
300
7.35
US0240611030
Purchase
3,388
7.67
US0240611030
Sale
498
7.67
US0240611030
Purchase
12,618
7.79
US0240611030
Purchase
7,900
7.64
US0240611030
Sale
1,192
7.64
US0240611030
Purchase
1,708
7.76
US0240611030
Purchase
2,047
7.86
US0240611030
Sale
4,000
7.86
US0240611030
Purchase
7,671
7.49
US0240611030
Sale
26
7.49
US0240611030
Purchase
4,558
7.78
US0240611030
Purchase
20,098
7.85
US0240611030
Purchase
20,462
7.82
US0240611030
Purchase
100
7.62
US0240611030
Sale
7
7.62
US0240611030
Purchase
196
7.48
US0240611030
Sale
1,112
7.48
US0240611030
Purchase
2,720
7.69
US0240611030
Sale
764
7.69
US0240611030
Purchase
2,601
7.80
US0240611030
Purchase
400
7.47
US0240611030
Sale
201
7.55
US0240611030
Purchase
957
7.59
US0240611030
Purchase
3,086
7.56
US0240611030
Sale
400
7.56
US0240611030
Purchase
41,720
7.60
US0240611030
Sale
592
7.60
US0240611030
Purchase
1,290
7.38
US0240611030
Purchase
114
7.63
US0240611030
Purchase
2,000
7.36
US0240611030
Purchase
3,323
7.31
US0240611030
Purchase
8,002
7.84
US0240611030
Purchase
19,295
7.77
US0240611030
Sale
8,989
7.77
US0240611030
Purchase
125
7.74
US0240611030
Purchase
1,452
7.72
US0240611030
Purchase
200
7.37
US0240611030
Purchase
5,927
7.66
US0240611030
Sale
5,847
7.66
US0240611030
Purchase
6
7.65
US0240611030
Sale
9,469
7.83
US0240611030
Purchase
7,249
7.54
US0240611030
Purchase
405
7.43
US0240611030
Purchase
506
7.51
US0240611030
Purchase
100
7.42
US0240611030
Purchase
122
7.58
US0240611030
Purchase
100
7.41
US0240611030
Purchase
6,212
7.46
US0240611030
Purchase
600
7.50
US0240611030
Purchase
1,160
7.75
US0240611030
Purchase
1,519
7.67
US0240611030
Purchase
120
7.64
US0240611030
Purchase
252
7.76
US0240611030
Purchase
100
7.49
US0240611030
Purchase
157
7.85
US0240611030
Purchase
600
7.82
US0240611030
Purchase
31
7.62
US0240611030
Purchase
226
7.69
US0240611030
Purchase
200
7.80
US0240611030
Purchase
600
7.84
US0240611030
Sale
84
7.74
US0240611030
Sale
101
7.72
US0240611030
Sale
2
7.40
US0240611030
Sale
231
7.66
US0240611030
Sale
638
7.65
US0240611030
Sale
626
7.83
US0240611030
Sale
29,428
7.71
US0240611030
Sale
159
7.54
US0240611030
Sale
107
7.53
US0240611030
Sale
1,281
7.43
US0240611030
Sale
2
7.51
US0240611030
Sale
1,312
7.52
US0240611030
Sale
600
7.33
US0240611030
Sale
780
7.32
US0240611030
Sale
1,312
7.42
US0240611030
Sale
64
7.61
US0240611030
Sale
300
7.68
US0240611030
Sale
875
7.70
US0240611030
Sale
578
7.46
US0240611030
Sale
4,789
7.45
US0240611030
Sale
102
7.50
US0240611030
Sale
2
7.44
US0240611030
Sale
2,434
7.75
US0240611030
Sale
106
7.67
US0240611030
Sale
752
7.64
US0240611030
Sale
6,767
7.76
US0240611030
Sale
262
7.86
US0240611030
Sale
1
7.49
US0240611030
Sale
348
7.78
US0240611030
Sale
786
7.85
US0240611030
Sale
1,420
7.69
US0240611030
Sale
243
7.55
US0240611030
Sale
33,477
7.59
US0240611030
Sale
60
7.60
US0240611030
Sale
963
7.38
US0240611030
Sale
2
7.36
US0240611030
Sale
3
7.31
US0240611030
Purchase
5,219
7.74
US0240611030
Purchase
14
7.72
US0240611030
Purchase
12
7.37
US0240611030
Purchase
102
7.40
US0240611030
Purchase
203
7.66
US0240611030
Sale
294
7.66
US0240611030
Purchase
100
7.65
US0240611030
Purchase
15,800
7.73
US0240611030
Purchase
34,336
7.83
US0240611030
Sale
1,103
7.83
US0240611030
Purchase
100
7.71
US0240611030
Sale
1,346
7.71
US0240611030
Purchase
2,318
7.54
US0240611030
Purchase
263
7.57
US0240611030
Purchase
1,144
7.53
US0240611030
Purchase
100
7.51
US0240611030
Purchase
53
7.52
US0240611030
Purchase
44
7.33
US0240611030
Purchase
300
7.42
US0240611030
Purchase
480
7.61
US0240611030
Sale
4,535
7.61
US0240611030
Purchase
897
7.68
US0240611030
Sale
90
7.68
US0240611030
Purchase
1,421
7.70
US0240611030
Purchase
842
7.58
US0240611030
Purchase
100
7.41
US0240611030
Purchase
75
7.46
US0240611030
Sale
365
7.46
US0240611030
Purchase
34
7.45
US0240611030
Purchase
1,397
7.50
US0240611030
Purchase
352
7.44
US0240611030
Purchase
600
7.75
US0240611030
Purchase
300
7.67
US0240611030
Sale
193
7.67
US0240611030
Purchase
266
7.79
US0240611030
Sale
727
7.64
US0240611030
Purchase
900
7.76
US0240611030
Purchase
1,620
7.86
US0240611030
Purchase
42
7.49
US0240611030
Purchase
2,182
7.85
US0240611030
Purchase
100
7.82
US0240611030
Purchase
763
7.62
US0240611030
Purchase
220
7.48
US0240611030
Purchase
444
7.69
US0240611030
Purchase
176
7.47
US0240611030
Purchase
22
7.31
US0240611030
Purchase
14
7.77
US0240611030
Sale
14
7.77
US0240611030
Purchase
69
7.74
US0240611030
Purchase
412
7.72
US0240611030
Purchase
12
7.40
US0240611030
Purchase
6,004
7.66
US0240611030
Sale
5,847
7.66
US0240611030
Purchase
108
7.65
US0240611030
Purchase
12
7.73
US0240611030
Purchase
561
7.83
US0240611030
Purchase
150
7.71
US0240611030
Sale
6
7.71
US0240611030
Purchase
51
7.54
US0240611030
Purchase
2
7.57
US0240611030
Purchase
2
7.53
US0240611030
Purchase
10
7.51
US0240611030
Purchase
16
7.52
US0240611030
Purchase
393
7.42
US0240611030
Purchase
291
7.61
US0240611030
Purchase
89
7.68
US0240611030
Sale
9,003
7.68
US0240611030
Purchase
162
7.70
US0240611030
Purchase
192
7.41
US0240611030
Sale
5,847
7.46
US0240611030
Purchase
187
7.45
US0240611030
Purchase
103
7.50
US0240611030
Sale
503
7.50
US0240611030
Purchase
700
7.75
US0240611030
Purchase
293
7.67
US0240611030
Purchase
1
7.64
US0240611030
Purchase
32
7.76
US0240611030
Purchase
56
7.86
US0240611030
Purchase
29
7.78
US0240611030
Purchase
126
7.85
US0240611030
Purchase
29
7.82
US0240611030
Purchase
44
7.62
US0240611030
Purchase
83
7.48
US0240611030
Purchase
1
7.59
US0240611030
Purchase
1,168
7.56
US0240611030
Purchase
4
7.38
US0240611030
Purchase
200
7.63
US0240611030
Purchase
128
7.36
US0240611030
Purchase
9,003
7.77
US0240611030
Sale
9,003
7.77
US0240611030
Purchase
210
7.39
US0240611030
Purchase
38
7.37
US0240611030
Purchase
834
7.81
US0240611030
Purchase
7
7.40
US0240611030
Purchase
4,408
7.66
US0240611030
Purchase
17
7.65
US0240611030
Sale
228
7.73
US0240611030
Purchase
3,045
7.83
US0240611030
Sale
549
7.83
US0240611030
Sale
38
7.79
US0240611030
Sale
188
7.64
(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
Increasing a short Position
88,100
5.55 GBP
(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:
12 th January 2026
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.