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
21 st 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:
6,585,297
5.548%
201,228
0.170%
(2) Cash-settled derivatives:
654
0.001%
6,031,125
5.081%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:
-
-
-
-
TOTAL:
6,585,951
5.549%
6,232,353
5.251%
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
8,525
7.97
US0240611030
Purchase
100
8.56
US0240611030
Purchase
6,887
8.54
US0240611030
Purchase
41,552
8.51
US0240611030
Purchase
129,233
8.43
US0240611030
Sale
1,927,234
8.43
US0240611030
Purchase
21,231
8.28
US0240611030
Purchase
662
8.11
US0240611030
Sale
170
8.11
US0240611030
Purchase
46,003
8.25
US0240611030
Purchase
2,800
8.01
US0240611030
Purchase
13,995
8.21
US0240611030
Purchase
4,400
8.15
US0240611030
Purchase
3,500
8.00
US0240611030
Sale
510
8.00
US0240611030
Purchase
3,063
8.39
US0240611030
Purchase
166,819
8.50
US0240611030
Purchase
900
7.95
US0240611030
Purchase
27,579
8.20
US0240611030
Sale
1,266
8.20
US0240611030
Purchase
127,806
8.30
US0240611030
Sale
534
8.30
US0240611030
Purchase
4,800
7.98
US0240611030
Purchase
200
7.92
US0240611030
Sale
2,000
7.92
US0240611030
Purchase
3,331
7.93
US0240611030
Purchase
3,394
7.96
US0240611030
Purchase
7,679
7.84
US0240611030
Purchase
3,269
8.13
US0240611030
Purchase
17,048
8.17
US0240611030
Purchase
11,178
8.27
US0240611030
Purchase
15,851
8.23
US0240611030
Purchase
16,046
8.32
US0240611030
Purchase
649
8.35
US0240611030
Sale
379
8.35
US0240611030
Purchase
971
8.44
US0240611030
Purchase
19,262
8.37
US0240611030
Sale
200
8.37
US0240611030
Purchase
700
8.40
US0240611030
Purchase
51,959
8.24
US0240611030
Purchase
65,722
8.41
US0240611030
Purchase
4,967
8.18
US0240611030
Purchase
6,590
8.52
US0240611030
Purchase
22,869
8.47
US0240611030
Purchase
2,012
8.57
US0240611030
Purchase
38,758
8.33
US0240611030
Purchase
100
8.61
US0240611030
Purchase
45,600
8.53
US0240611030
Purchase
30,025
8.29
US0240611030
Purchase
151,978
8.19
US0240611030
Sale
1,534
8.19
US0240611030
Purchase
9,600
8.16
US0240611030
Purchase
20,392
8.12
US0240611030
Purchase
6,034
8.26
US0240611030
Purchase
8,015
8.09
US0240611030
Purchase
8,889
8.07
US0240611030
Purchase
9,800
8.36
US0240611030
Purchase
68,695
8.48
US0240611030
Purchase
4,334
8.22
US0240611030
Purchase
15,306
7.99
US0240611030
Sale
1,490
7.99
US0240611030
Purchase
5,000
7.91
US0240611030
Purchase
3,320
8.46
US0240611030
Purchase
17,476
8.49
US0240611030
Purchase
1,600
7.94
US0240611030
Purchase
200
8.31
US0240611030
Purchase
400
8.03
US0240611030
Purchase
1,240
8.10
US0240611030
Sale
182
8.10
US0240611030
Purchase
287
8.63
US0240611030
Purchase
100
8.62
US0240611030
Sale
3,935
8.08
US0240611030
Purchase
502
8.55
US0240611030
Purchase
700
8.58
US0240611030
Purchase
130
7.97
US0240611030
Purchase
1,457
8.56
US0240611030
Purchase
1,142
8.54
US0240611030
Purchase
6,648
8.51
US0240611030
Purchase
796
8.45
US0240611030
Sale
2,586,506
8.43
US0240611030
Purchase
10,057
8.28
US0240611030
Purchase
12
8.11
US0240611030
Purchase
1,452
8.25
US0240611030
Purchase
1,152
8.01
US0240611030
Purchase
40
8.00
US0240611030
Purchase
1,269
8.39
US0240611030
Sale
1,269
8.39
US0240611030
Purchase
91,908
8.50
US0240611030
Purchase
129
7.95
US0240611030
Purchase
47,814
8.30
US0240611030
Purchase
4,743
7.98
US0240611030
Purchase
5,336
7.92
US0240611030
Purchase
2,853
7.93
US0240611030
Purchase
3,380
7.84
US0240611030
Purchase
100
8.32
US0240611030
Purchase
1,145
8.35
US0240611030
Purchase
23,312
8.44
US0240611030
Purchase
15,429
8.37
US0240611030
Purchase
183
8.40
US0240611030
Purchase
886
8.24
US0240611030
Purchase
49
8.41
US0240611030
Purchase
1,269
8.18
US0240611030
Purchase
10,357
8.52
US0240611030
Purchase
400
8.47
US0240611030
Purchase
5,571
8.33
US0240611030
Purchase
127
8.42
US0240611030
Purchase
560
8.61
US0240611030
Purchase
280
8.53
US0240611030
Purchase
29,820
8.29
US0240611030
Purchase
17,571
8.12
US0240611030
Purchase
1,457
8.26
US0240611030
Purchase
330
8.34
US0240611030
Purchase
120
8.14
US0240611030
Purchase
29,117
8.09
US0240611030
Purchase
600
8.36
US0240611030
Purchase
221
8.48
US0240611030
Purchase
100
8.22
US0240611030
Purchase
8,107
7.99
US0240611030
Purchase
13
7.91
US0240611030
Purchase
22
8.46
US0240611030
Purchase
721
8.49
US0240611030
Purchase
71
7.94
US0240611030
Purchase
4,759
8.31
US0240611030
Purchase
210
8.08
US0240611030
Purchase
584
8.02
US0240611030
Purchase
14
7.88
US0240611030
Purchase
781
7.89
US0240611030
Purchase
100
7.83
US0240611030
Purchase
278
7.90
US0240611030
Purchase
188
7.97
US0240611030
Purchase
98
8.51
US0240611030
Sale
644
8.51
US0240611030
Purchase
335
8.45
US0240611030
Purchase
993
8.43
US0240611030
Sale
1,782,079
8.43
US0240611030
Sale
13
8.28
US0240611030
Purchase
1,111
8.11
US0240611030
Sale
19
8.25
US0240611030
Purchase
274
8.01
US0240611030
Purchase
245
8.21
US0240611030
Purchase
1,120
8.15
US0240611030
Purchase
541
8.00
US0240611030
Sale
4
8.39
US0240611030
Purchase
23
7.93
US0240611030
Purchase
1,090
8.13
US0240611030
Purchase
100
8.17
US0240611030
Purchase
423
8.27
US0240611030
Sale
33
8.27
US0240611030
Purchase
58
8.23
US0240611030
Purchase
1
8.59
US0240611030
Purchase
309
8.44
US0240611030
Sale
31,910
8.37
US0240611030
Purchase
106
8.40
US0240611030
Sale
43
8.24
US0240611030
Purchase
240
8.41
US0240611030
Sale
263
8.52
US0240611030
Purchase
399
8.47
US0240611030
Purchase
18
8.57
US0240611030
Purchase
21
8.53
US0240611030
Sale
405
8.53
US0240611030
Sale
26
8.29
US0240611030
Purchase
700
8.12
US0240611030
Purchase
108
8.26
US0240611030
Sale
5
8.26
US0240611030
Purchase
600
8.14
US0240611030
Purchase
256
8.07
US0240611030
Purchase
218
8.06
US0240611030
Purchase
566
8.04
US0240611030
Sale
47
8.22
US0240611030
Purchase
100
7.99
US0240611030
Sale
134
7.99
US0240611030
Purchase
300
8.46
US0240611030
Purchase
20
8.49
US0240611030
Sale
777
8.49
US0240611030
Purchase
219
7.94
US0240611030
Sale
18
7.97
US0240611030
Purchase
224
8.54
US0240611030
Purchase
4,400
8.51
US0240611030
Purchase
200
8.45
US0240611030
Purchase
6,251
8.43
US0240611030
Sale
301,342
8.43
US0240611030
Purchase
516
8.28
US0240611030
Sale
12
8.11
US0240611030
Purchase
50
8.25
US0240611030
Purchase
720
8.21
US0240611030
Purchase
100
8.39
US0240611030
Sale
3,061
8.39
US0240611030
Purchase
453
8.50
US0240611030
Sale
200
7.95
US0240611030
Purchase
410
8.20
US0240611030
Sale
6
8.20
US0240611030
Purchase
300
8.30
US0240611030
Purchase
101
7.98
US0240611030
Sale
100
7.96
US0240611030
Purchase
1,172
7.84
US0240611030
Purchase
875
8.27
US0240611030
Purchase
82
8.23
US0240611030
Purchase
8
8.32
US0240611030
Sale
345
8.35
US0240611030
Purchase
106
8.44
US0240611030
Sale
2,953
8.37
US0240611030
Purchase
1,803
8.40
US0240611030
Sale
183
8.40
US0240611030
Purchase
210
8.24
US0240611030
Purchase
1,189
8.41
US0240611030
Purchase
172
8.52
US0240611030
Purchase
48
8.33
US0240611030
Purchase
1,737
8.29
US0240611030
Sale
93
8.29
US0240611030
Sale
6
8.19
US0240611030
Purchase
96
8.26
US0240611030
Sale
200
8.26
US0240611030
Purchase
700
8.34
US0240611030
Sale
2,599
8.09
US0240611030
Purchase
185
8.48
US0240611030
Purchase
291
8.22
US0240611030
Purchase
101
8.46
US0240611030
Purchase
5,822
8.49
US0240611030
Purchase
200
8.31
US0240611030
Purchase
100
8.55
US0240611030
Purchase
12
7.97
US0240611030
Purchase
18
8.56
US0240611030
Purchase
458,918
8.43
US0240611030
Purchase
20
8.00
US0240611030
Purchase
18
8.50
US0240611030
Sale
15
8.50
US0240611030
Purchase
24
8.30
US0240611030
Purchase
3
7.84
US0240611030
Purchase
10
8.17
US0240611030
Sale
20
8.35
US0240611030
Sale
117
8.44
US0240611030
Purchase
975
8.37
US0240611030
Purchase
1,646
8.40
US0240611030
Sale
1,723
8.40
US0240611030
Purchase
1
8.24
US0240611030
Sale
35
8.41
US0240611030
Sale
1,269
8.18
US0240611030
Purchase
18
8.47
US0240611030
Purchase
12
8.33
US0240611030
Purchase
10
8.42
US0240611030
Purchase
18
8.61
US0240611030
Sale
683
8.29
US0240611030
Sale
104
8.34
US0240611030
Purchase
12
8.36
US0240611030
Purchase
18
8.48
US0240611030
Purchase
42
7.99
US0240611030
Sale
8
8.46
US0240611030
Purchase
85
8.49
US0240611030
Sale
377
8.49
US0240611030
Sale
50
8.45
US0240611030
Purchase
10,922
8.43
US0240611030
Sale
150
8.15
US0240611030
Purchase
2
8.00
US0240611030
Purchase
100
8.39
US0240611030
Purchase
1,375
8.30
US0240611030
Purchase
13
8.32
US0240611030
Sale
126
8.35
US0240611030
Sale
63
8.44
US0240611030
Purchase
2,271
8.47
US0240611030
Purchase
8,417
8.34
US0240611030
Purchase
1,782,079
8.43
US0240611030
Purchase
2,578,834
8.43
US0240611030
Purchase
297,327
8.43
US0240611030
Purchase
1,927,057
8.43
US0240611030
Sale
66,873
8.43
(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
392,045
8.43 USD
US0240611030
Equity Swap
Reducing a Long Position
3,787
8.41 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:
22 nd 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.