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Form 8.3

businesswire.com
AXL The article details a Form 8.3 disclosure regarding interests and short positions in American Axle & Manufacturing Holdings, Inc. by Millennium International Management LP. The disclosure includes purchases and sales of common stock and increases in short positions via equity swaps, indicating active trading but not a clear directional bias.

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

4 th December 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:

4,474,597

3.770%

681,535

0.574%

(2) Cash-settled derivatives:

1,138

0.001%

5,037,139

4.244%

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

-

-

-

-

TOTAL:

4,475,735

3.771%

5,718,674

4.818%

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

631

6.40

US0240611030

Purchase

997

6.34

US0240611030

Purchase

98

6.36

US0240611030

Purchase

395

6.35

US0240611030

Purchase

125

6.41

US0240611030

Purchase

6,895

6.47

US0240611030

Purchase

1,846

6.50

US0240611030

Purchase

2,100

6.45

US0240611030

Purchase

6,104

6.44

US0240611030

Purchase

2,000

6.38

US0240611030

Sale

3,236

6.38

US0240611030

Purchase

4,758

6.49

US0240611030

Purchase

3,595

6.46

US0240611030

Purchase

3,965

6.48

US0240611030

Purchase

3,000

6.32

US0240611030

Purchase

1,981

6.43

US0240611030

Purchase

100

6.53

US0240611030

Purchase

5

6.57

US0240611030

Purchase

11,283

6.40

US0240611030

Sale

4,779

6.40

US0240611030

Sale

617

6.34

US0240611030

Purchase

1,429

6.39

US0240611030

Purchase

573

6.36

US0240611030

Purchase

340

6.35

US0240611030

Purchase

253

6.37

US0240611030

Purchase

71

6.50

US0240611030

Purchase

77

6.52

US0240611030

Purchase

470

6.38

US0240611030

Purchase

200

6.66

US0240611030

Purchase

300

6.64

US0240611030

Purchase

100

6.59

US0240611030

Purchase

4,874

6.61

US0240611030

Purchase

335

6.53

US0240611030

Purchase

4

6.60

US0240611030

Purchase

33

6.40

US0240611030

Sale

9,911

6.40

US0240611030

Purchase

2,766

6.34

US0240611030

Purchase

14

6.39

US0240611030

Purchase

1,669

6.36

US0240611030

Purchase

1,194

6.35

US0240611030

Sale

69

6.35

US0240611030

Purchase

204

6.51

US0240611030

Purchase

5

6.41

US0240611030

Purchase

3,056

6.37

US0240611030

Purchase

338

6.47

US0240611030

Purchase

346

6.50

US0240611030

Purchase

1,377

6.52

US0240611030

Purchase

209

6.45

US0240611030

Purchase

2,637

6.38

US0240611030

Sale

33

6.68

US0240611030

Purchase

249

6.49

US0240611030

Purchase

143

6.63

US0240611030

Purchase

70

6.54

US0240611030

Purchase

627

6.48

US0240611030

Purchase

81

6.32

US0240611030

Purchase

6

6.59

US0240611030

Purchase

21

6.33

US0240611030

Purchase

300

6.67

US0240611030

Purchase

200

6.43

US0240611030

Sale

431

6.40

US0240611030

Purchase

9,666

6.34

US0240611030

Sale

6,377

6.34

US0240611030

Sale

1,629

6.39

US0240611030

Purchase

8,951

6.36

US0240611030

Sale

42

6.36

US0240611030

Purchase

9,827

6.35

US0240611030

Sale

3,867

6.35

US0240611030

Sale

159

6.51

US0240611030

Purchase

65

6.41

US0240611030

Purchase

600

6.37

US0240611030

Sale

4,487

6.37

US0240611030

Purchase

21

6.47

US0240611030

Sale

6

6.44

US0240611030

Purchase

129

6.38

US0240611030

Sale

130

6.38

US0240611030

Purchase

125

6.68

US0240611030

Sale

117

6.68

US0240611030

Purchase

39

6.49

US0240611030

Sale

222

6.49

US0240611030

Sale

8

6.46

US0240611030

Purchase

239

6.48

US0240611030

Sale

722

6.48

US0240611030

Purchase

4,001

6.32

US0240611030

Sale

228

6.32

US0240611030

Purchase

1,006

6.33

US0240611030

Sale

170

6.43

US0240611030

Purchase

44

6.55

US0240611030

Sale

5

6.57

US0240611030

Purchase

8,617

6.40

US0240611030

Sale

4,779

6.40

US0240611030

Sale

1,308

6.34

US0240611030

Purchase

3,394

6.35

US0240611030

Sale

3,404

6.35

US0240611030

Purchase

1,848

6.37

US0240611030

Sale

45

6.47

US0240611030

Sale

1,067

6.52

US0240611030

Purchase

6

6.44

US0240611030

Purchase

23

6.68

US0240611030

Sale

3

6.68

US0240611030

Sale

35

6.49

US0240611030

Sale

57

6.48

US0240611030

Purchase

400

6.64

US0240611030

Sale

3,470

6.32

US0240611030

Sale

33

6.33

US0240611030

Sale

4,774

6.61

US0240611030

Sale

161

6.43

US0240611030

Sale

128

6.56

US0240611030

Purchase

69

6.65

US0240611030

Sale

6,815

6.40

US0240611030

Purchase

2,877

6.34

US0240611030

Sale

118

6.36

US0240611030

Sale

2,381

6.35

US0240611030

Purchase

294

6.41

US0240611030

Purchase

2

6.37

US0240611030

Sale

2,280

6.42

(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

40,912

4.87 GBP

US0240611030

Equity Swap

Increasing a Short Position

176,200

4.96 GBP

US0240611030

Equity Swap

Increasing a Short Position

176,200

4.88 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:

5 th December 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.