“Dimensional Fund Advisors Ltd. has reported a 5.72% interest in American Axle & Manufacturing Holdings Inc., encompassing over 6.7 million shares, with recent dealings including purchases amid links to a potential offer involving Dowlais Group PLC under UK regulatory disclosure rules.”
Dimensional Fund Advisors Ltd., operating as an investment advisor for its affiliates, has filed a Form 8.3 disclosure revealing its positions and recent activities in American Axle & Manufacturing Holdings Inc. The filing pertains to the company’s common shares and stems from obligations under the UK Takeover Code, given connections to another party in a potential offer scenario.
Position Breakdown
The disclosure outlines Dimensional’s interests in American Axle’s USD 0.01 common shares, identified by ISIN US0240611030. The firm reports owning or controlling 6,786,560 shares, equating to 5.72% of the relevant securities. No cash-settled or stock-settled derivatives, including options or agreements to purchase or sell, are held. The total position stands at 6,786,560 shares, or 5.72%.
Notably, Dimensional and its affiliates lack voting discretion over 224,998 of these shares. No rights to subscribe for new securities, such as employee or director options, were reported.
Recent Dealings
| Category | Number of Shares | Percentage |
|---|---|---|
| Relevant Securities Owned/Controlled | 6,786,560 | 5.72% |
| Cash-Settled Derivatives | 0 | 0% |
| Stock-Settled Derivatives & Agreements | 0 | 0% |
| Total | 6,786,560 | 5.72% |
The filing details transactions in the common shares. A purchase of 7,803 shares occurred at a price of 6.4576 USD per unit. Additionally, a transfer in of 342 shares was recorded, with no specified price.
No cash-settled derivative transactions, stock-settled derivative activities like writing or exercising options, or other dealings such as subscriptions for new securities were disclosed.
Agreements and Arrangements
| Transaction Type | Class of Security | Number of Securities | Price per Unit (USD) |
|---|---|---|---|
| Purchase | USD 0.01 Common | 7,803 | 6.4576 |
| Transfer In | USD 0.01 Common | 342 | N/A |
No indemnity or other dealing arrangements were reported. Similarly, there are no agreements, arrangements, or understandings related to options, derivatives, voting rights, or future acquisitions or disposals of the relevant securities.
Regulatory Context
This Form 8.3 submission complies with requirements for public opening position and dealing disclosures when interests exceed 1% in securities of companies involved in offer situations. The disclosure also references positions in respect of Dowlais Group PLC as another party to the potential offer.
Disclaimer: This news report is for informational purposes only and does not constitute investment advice, tips, or recommendations. Sources are public regulatory filings.