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Man Group PLC : Form 8.3 - American Axle & Manufacturing Holdings, Inc

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FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVAN...

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AI Summary

Man Group PLC disclosed its stake in AXL on January 8, 2026. AXL has 0.20% equity and 1.70% in cash-settled derivatives held by Man Group. Multiple shares of AXL were sold at $7.49 on January 8, 2026. Disclosure includes positions regarding Dowlais Group plc as well. Disclosure required under the Takeover Code reflects regulatory compliance.

Sentiment Rationale

The disclosure reflects significant holdings but doesn't indicate efforts to control AXL.

Trading Thesis

Current positions do not suggest immediate changes in strategy or control for AXL.

Market-Moving

  • Man Group PLC disclosed its stake in AXL on January 8, 2026.
  • AXL has 0.20% equity and 1.70% in cash-settled derivatives held by Man Group.
  • Multiple shares of AXL were sold at $7.49 on January 8, 2026.

Key Facts

  • Man Group PLC disclosed its stake in AXL on January 8, 2026.
  • AXL has 0.20% equity and 1.70% in cash-settled derivatives held by Man Group.
  • Multiple shares of AXL were sold at $7.49 on January 8, 2026.
  • Disclosure includes positions regarding Dowlais Group plc as well.
  • Disclosure required under the Takeover Code reflects regulatory compliance.

Companies Mentioned

  • DOW (DOW)
  • KMT (KMT)
  • LEA (LEA)

Corporate Developments

Position disclosures indicate interest but lack transformative implications for AXL's future.

Man Group PLC Discloses Position in American Axle & Manufacturing Holdings, Inc (AXL)

On January 9, 2026, Man Group PLC publicly disclosed its position in American Axle & Manufacturing Holdings, Inc (stock symbol: AXL). This disclosure falls under the requirements of Rule 8.3 of the UK Takeover Code, indicating that Man Group has significant interests in the relevant securities of AXL.

Key Disclosure Details

The disclosure includes essential information as follows:

  • Discloser Name: Man Group PLC
  • Relevant Securities: American Axle & Manufacturing Holdings, Inc (AXL)
  • Date of Disclosure: January 9, 2026
  • Other Offeree: Dowlais Group plc

Ownership and Position Analysis

As of the last practicable date of January 8, 2026, Man Group PLC reported the following positions in AXL:

  • Common Shares Owned: 244,190 shares (0.20%)
  • Cash-Settled Derivatives: 2,019,341 (1.70%)
  • Total Position: 2,263,531 shares combined (1.90%)

These positions reflect a strategic approach toward AXL, emphasizing Man Group's significant investment in the company.

Recent Dealings in AXL Securities

The following transactions were recently carried out by Man Group concerning AXL securities:

  • Sale Transactions:
    • 2,487 shares sold at $7.49 each
    • 7,400 shares sold at $7.49 each
    • 2,110 shares sold at $7.49 each
    • 565 shares sold at $7.49 each

Further Disclosure Requirements

Man Group has confirmed there are no indemnity arrangements or other agreements that influence the voting rights or securities disposals related to AXL. Additionally, no Supplemental Form 8 (regarding open positions) has been attached to this disclosure.

With this position disclosure, Man Group PLC continues to uphold compliance with the regulatory frameworks outlined in the UK Takeover Code, ensuring transparency in their dealings.

Contact Information

For further inquiries, investors and interested parties can contact:

Name: Molly Childs

Telephone: +44 207 144 3714

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service, ensuring that all regulations are followed. The Takeover Panel's Market Surveillance Unit is also available for consultations regarding disclosure requirements.

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