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Citadel Group — Major Shareholding Notification 2026
Jul 1, 2026
10454_rns_2026-07-01_ccaa4596-9d62-45a6-abbc-19c045a296ca.html
Major Shareholding Notification
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RNS Number : 6235K
Citadel Group
01 July 2026
Ap27
FORM 8.3
IRISH TAKEOVER PANEL
OPENING POSITION DISCLOSURE/DEALING DISCLOSURE UNDER RULE 8.3 OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER
RULES, 2022 BY PERSONS WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
1. KEY INFORMATION
| (a) Full name of discloser | Citadel Group |
| (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. |
N/A |
| (c) Name of offeror/offeree in relation to whose relevant securities this form relates Use a separate form for each offeror/offeree |
FORWARD INDUSTRIES INC |
| (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree (Note 1) | N/A |
| (e) Date position held/dealing undertaken For an opening position disclosure, state the latest practicable date prior to the disclosure |
30 June 2026 |
| (f) In addition to the company in 1(c) above, is the discloser also 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 BRERA HOLDINGS PLC |
2. INTERESTS AND SHORT POSITIONS
If there are interests and short positions to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2 for each additional class of relevant security.
Ap28
Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)
(Note 2)
| Class of relevant security (Note 3) |
ISIN US3499321038 $0.01 ordinary shares |
|||
| Interests | Short positions | |||
| Number | % | Number | % | |
| (1) Relevant securities owned and/or controlled | 785,784 | 1.05 | 160,422 | 0.21 |
| (2) Cash-settled derivatives | 0 | 0.00 | 0 | 0.00 |
| (3) Stock-settled derivatives (including options) and agreements to purchase/ sell | 115,200 | 0.15 | 57,300 | 0.07 |
| Total | 900,984 | 1.20 | 217,722 | 0.29 |
All interests and all short positions should be disclosed.
Details of options including rights to subscribe for new securities and 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.
3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE (Note 4)
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 (Note 5) |
| Common | Buy Transaction | 621 | 4.1471 USD |
| Common | Buy Transaction | 96 | 4.1600 USD |
| Common | Buy Transaction | 1,101 | 4.1605 USD |
| Common | Buy Transaction | 100 | 4.1700 USD |
| Common | Buy Transaction | 314 | 4.1706 USD |
| Common | Buy Transaction | 624 | 4.1764 USD |
| Common | Buy Transaction | 4,167 | 4.1807 USD |
| Common | Buy Transaction | 225 | 4.1811 USD |
| Common | Buy Transaction | 25 | 4.1820 USD |
| Common | Buy Transaction | 37 | 4.1835 USD |
| Common | Buy Transaction | 506 | 4.1888 USD |
| Common | Buy Transaction | 192 | 4.1890 USD |
| Common | Buy Transaction | 3,071 | 4.1891 USD |
| Common | Buy Transaction | 140 | 4.1895 USD |
| Common | Buy Transaction | 460 | 4.1900 USD |
| Common | Buy Transaction | 131 | 4.1901 USD |
| Common | Buy Transaction | 813 | 4.1908 USD |
| Common | Buy Transaction | 924 | 4.1918 USD |
| Common | Buy Transaction | 2,195 | 4.1945 USD |
| Common | Buy Transaction | 400 | 4.1950 USD |
| Common | Buy Transaction | 500 | 4.1980 USD |
| Common | Buy Transaction | 400 | 4.1988 USD |
| Common | Buy Transaction | 81 | 4.2011 USD |
| Common | Buy Transaction | 14 | 4.2014 USD |
| Common | Buy Transaction | 405 | 4.2028 USD |
| Common | Buy Transaction | 8 | 4.2038 USD |
| Common | Buy Transaction | 1,792 | 4.2045 USD |
| Common | Buy Transaction | 626 | 4.2055 USD |
| Common | Buy Transaction | 3 | 4.2067 USD |
| Common | Buy Transaction | 800 | 4.2075 USD |
| Common | Buy Transaction | 608 | 4.2093 USD |
| Common | Buy Transaction | 320 | 4.2100 USD |
| Common | Buy Transaction | 602 | 4.2101 USD |
| Common | Buy Transaction | 734 | 4.2101 USD |
| Common | Buy Transaction | 1,000 | 4.2103 USD |
| Common | Buy Transaction | 2,076 | 4.2108 USD |
| Common | Buy Transaction | 120 | 4.2123 USD |
| Common | Buy Transaction | 944 | 4.2125 USD |
| Common | Buy Transaction | 9,359 | 4.2125 USD |
| Common | Buy Transaction | 3,588 | 4.2134 USD |
| Common | Buy Transaction | 626 | 4.2150 USD |
| Common | Buy Transaction | 33 | 4.2152 USD |
| Common | Buy Transaction | 303 | 4.2167 USD |
| Common | Buy Transaction | 4 | 4.2175 USD |
| Common | Buy Transaction | 865 | 4.2178 USD |
| Common | Buy Transaction | 1,938 | 4.2180 USD |
| Common | Buy Transaction | 7,315 | 4.2184 USD |
| Common | Buy Transaction | 1,400 | 4.2193 USD |
| Common | Buy Transaction | 1,100 | 4.2198 USD |
| Common | Buy Transaction | 30,042 | 4.2200 USD |
| Common | Buy Transaction | 3,947 | 4.2203 USD |
| Common | Buy Transaction | 900 | 4.2211 USD |
| Common | Buy Transaction | 22 | 4.2223 USD |
| Common | Buy Transaction | 600 | 4.2233 USD |
| Common | Buy Transaction | 212 | 4.2250 USD |
| Common | Buy Transaction | 380 | 4.2258 USD |
| Common | Buy Transaction | 2,575 | 4.2274 USD |
| Common | Buy Transaction | 210 | 4.2276 USD |
| Common | Buy Transaction | 5,705 | 4.2285 USD |
| Common | Buy Transaction | 7,050 | 4.2286 USD |
| Common | Buy Transaction | 928 | 4.2291 USD |
| Common | Buy Transaction | 386 | 4.2293 USD |
| Common | Buy Transaction | 475 | 4.2300 USD |
| Common | Buy Transaction | 800 | 4.2313 USD |
| Common | Buy Transaction | 1,715 | 4.2315 USD |
| Common | Buy Transaction | 20 | 4.2335 USD |
| Common | Buy Transaction | 1,243 | 4.2339 USD |
| Common | Buy Transaction | 1,000 | 4.2350 USD |
| Common | Buy Transaction | 5 | 4.2360 USD |
| Common | Buy Transaction | 27 | 4.2381 USD |
| Common | Buy Transaction | 482 | 4.2386 USD |
| Common | Buy Transaction | 964 | 4.2411 USD |
| Common | Buy Transaction | 325 | 4.2411 USD |
| Common | Buy Transaction | 500 | 4.2420 USD |
| Common | Buy Transaction | 80 | 4.2423 USD |
| Common | Buy Transaction | 707 | 4.2426 USD |
| Common | Buy Transaction | 200 | 4.2450 USD |
| Common | Buy Transaction | 500 | 4.2480 USD |
| Common | Buy Transaction | 720 | 4.2489 USD |
| Common | Buy Transaction | 1,000 | 4.2500 USD |
| Common | Buy Transaction | 400 | 4.2525 USD |
| Common | Buy Transaction | 1,121 | 4.2566 USD |
| Common | Buy Transaction | 200 | 4.2600 USD |
| Common | Buy Transaction | 1,015 | 4.2607 USD |
| Common | Buy Transaction | 1,486 | 4.2700 USD |
| Common | Buy Transaction | 200 | 4.2750 USD |
| Common | Buy Transaction | 307 | 4.2751 USD |
| Common | Buy Transaction | 600 | 4.2775 USD |
| Common | Buy Transaction | 641 | 4.2775 USD |
| Common | Buy Transaction | 100 | 4.2800 USD |
| Common | Buy Transaction | 600 | 4.2817 USD |
| Common | Buy Transaction | 21,115 | 4.2875 USD |
| Common | Buy Transaction | 5 | 4.3000 USD |
| Common | Sell Transaction | 406 | 4.2200 USD |
| Common | Sell Transaction | 100 | 4.1400 USD |
| Common | Sell Transaction | 9 | 4.1500 USD |
| Common | Sell Transaction | 200 | 4.1550 USD |
| Common | Sell Transaction | 226 | 4.1644 USD |
| Common | Sell Transaction | 100 | 4.1700 USD |
| Common | Sell Transaction | 584 | 4.1758 USD |
| Common | Sell Transaction | 699 | 4.1796 USD |
| Common | Sell Transaction | 10 | 4.1800 USD |
| Common | Sell Transaction | 15,924 | 4.1858 USD |
| Common | Sell Transaction | 130 | 4.1868 USD |
| Common | Sell Transaction | 280 | 4.1895 USD |
| Common | Sell Transaction | 361 | 4.1900 USD |
| Common | Sell Transaction | 3 | 4.1967 USD |
| Common | Sell Transaction | 363 | 4.1980 USD |
| Common | Sell Transaction | 82 | 4.1991 USD |
| Common | Sell Transaction | 2,325 | 4.2000 USD |
| Common | Sell Transaction | 106 | 4.2002 USD |
| Common | Sell Transaction | 108 | 4.2006 USD |
| Common | Sell Transaction | 284 | 4.2008 USD |
| Common | Sell Transaction | 937 | 4.2048 USD |
| Common | Sell Transaction | 14 | 4.2050 USD |
| Common | Sell Transaction | 1,144 | 4.2052 USD |
| Common | Sell Transaction | 576 | 4.2053 USD |
| Common | Sell Transaction | 199 | 4.2053 USD |
| Common | Sell Transaction | 379 | 4.2063 USD |
| Common | Sell Transaction | 532 | 4.2070 USD |
| Common | Sell Transaction | 2,501 | 4.2080 USD |
| Common | Sell Transaction | 2,070 | 4.2081 USD |
| Common | Sell Transaction | 129 | 4.2083 USD |
| Common | Sell Transaction | 1,614 | 4.2091 USD |
| Common | Sell Transaction | 239 | 4.2095 USD |
| Common | Sell Transaction | 841 | 4.2100 USD |
| Common | Sell Transaction | 1,061 | 4.2103 USD |
| Common | Sell Transaction | 1,267 | 4.2103 USD |
| Common | Sell Transaction | 603 | 4.2116 USD |
| Common | Sell Transaction | 402 | 4.2120 USD |
| Common | Sell Transaction | 500 | 4.2120 USD |
| Common | Sell Transaction | 818 | 4.2125 USD |
| Common | Sell Transaction | 600 | 4.2150 USD |
| Common | Sell Transaction | 1,010 | 4.2150 USD |
| Common | Sell Transaction | 512 | 4.2160 USD |
| Common | Sell Transaction | 943 | 4.2170 USD |
| Common | Sell Transaction | 22 | 4.2173 USD |
| Common | Sell Transaction | 72 | 4.2175 USD |
| Common | Sell Transaction | 4,107 | 4.2176 USD |
| Common | Sell Transaction | 1,159 | 4.2181 USD |
| Common | Sell Transaction | 575 | 4.2183 USD |
| Common | Sell Transaction | 600 | 4.2183 USD |
| Common | Sell Transaction | 118 | 4.2186 USD |
| Common | Sell Transaction | 942 | 4.2198 USD |
| Common | Sell Transaction | 236 | 4.2199 USD |
| Common | Sell Transaction | 25,214 | 4.2200 USD |
| Common | Sell Transaction | 110 | 4.2206 USD |
| Common | Sell Transaction | 63 | 4.2221 USD |
| Common | Sell Transaction | 97 | 4.2230 USD |
| Common | Sell Transaction | 1,600 | 4.2231 USD |
| Common | Sell Transaction | 151 | 4.2250 USD |
| Common | Sell Transaction | 300 | 4.2267 USD |
| Common | Sell Transaction | 6,768 | 4.2271 USD |
| Common | Sell Transaction | 293 | 4.2273 USD |
| Common | Sell Transaction | 1,538 | 4.2276 USD |
| Common | Sell Transaction | 5,433 | 4.2278 USD |
| Common | Sell Transaction | 305 | 4.2282 USD |
| Common | Sell Transaction | 815 | 4.2285 USD |
| Common | Sell Transaction | 851 | 4.2289 USD |
| Common | Sell Transaction | 217 | 4.2293 USD |
| Common | Sell Transaction | 2,454 | 4.2295 USD |
| Common | Sell Transaction | 1,034 | 4.2300 USD |
| Common | Sell Transaction | 375 | 4.2303 USD |
| Common | Sell Transaction | 1,529 | 4.2308 USD |
| Common | Sell Transaction | 1,552 | 4.2316 USD |
| Common | Sell Transaction | 317 | 4.2348 USD |
| Common | Sell Transaction | 107 | 4.2350 USD |
| Common | Sell Transaction | 167 | 4.2366 USD |
| Common | Sell Transaction | 500 | 4.2373 USD |
| Common | Sell Transaction | 636 | 4.2400 USD |
| Common | Sell Transaction | 429 | 4.2404 USD |
| Common | Sell Transaction | 263 | 4.2422 USD |
| Common | Sell Transaction | 2,384 | 4.2432 USD |
| Common | Sell Transaction | 479 | 4.2433 USD |
| Common | Sell Transaction | 266 | 4.2476 USD |
| Common | Sell Transaction | 716 | 4.2486 USD |
| Common | Sell Transaction | 235 | 4.2491 USD |
| Common | Sell Transaction | 5,043 | 4.2500 USD |
| Common | Sell Transaction | 1,570 | 4.2544 USD |
| Common | Sell Transaction | 121 | 4.2566 USD |
| Common | Sell Transaction | 1,468 | 4.2600 USD |
| Common | Sell Transaction | 1,345 | 4.2615 USD |
| Common | Sell Transaction | 483 | 4.2620 USD |
| Common | Sell Transaction | 402 | 4.2699 USD |
| Common | Sell Transaction | 292 | 4.2700 USD |
| Common | Sell Transaction | 136 | 4.2750 USD |
| Common | Sell Transaction | 18 | 4.3000 USD |
| Common | Sell Transaction | 4 | 4.3300 USD |
| Common | Sell Transaction | 5 | 4.5000 USD |
Ap29
(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 (Note 6) |
Price per unit (Note 5) |
(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 (Note 6) |
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 (Note 5) |
(d) Other dealings (including transactions in respect of new securities) (Note 3)
| Class of relevant security |
Nature of dealing e.g. subscription, conversion, exercise |
Details | Price per unit (if applicable) (Note 5) |
Ap30
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
| Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced. If none, this should be stated. |
| None |
(c) Attachments
| Is a Supplemental Form 8 attached? | YES |
| Date of disclosure | 1 July 2026 |
| Contact name | Paula Santos |
| Telephone number | 020 7645 9700 |
Public disclosures under Rule 8.3 of the Rules must be made to a Regulatory Information Service.
Ap32
SUPPLEMENTAL FORM 8
IRISH TAKEOVER PANEL
DISCLOSURE UNDER RULE 8.1, RULE 8.3, RULE 38.5(b) AND
RULE 38.6 OF THE IRISH TAKEOVER PANEL ACT, 1997,
TAKEOVER RULES, 2022
DETAILS OF OPEN STOCK-SETTLED DERIVATIVE (INCLUDING
OPTION) POSITIONS, AGREEMENTS TO PURCHASE OR SELL AND
RIGHTS TO SUBSCRIBE FOR NEW SECURITIES
1. KEY INFORMATION
| Full name of person making disclosure: |
Citadel Group |
| Name of offeror/offeree in relation to whose relevant securities the disclosure relates: |
FORWARD INDUSTRIES INC |
2. STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)
| Class of relevant security |
Product description e.g. call option |
Written or purchased |
Number of securities to which option or derivative relates |
Exercise price per unit |
Type e.g. American, European etc. |
Expiry date |
| Common | Call Option | Purchased | 200 | 17.5 USD | American | 18/12/2026 |
| Common | Put Option | Purchased | -1,400 | 5.0 USD | American | 21/08/2026 |
| Common | Put Option | Purchased | -400 | 2.5 USD | American | 21/08/2026 |
| Common | Call Option | Purchased | 900 | 5.0 USD | American | 17/07/2026 |
| Common | Put Option | Purchased | -2,100 | 5.0 USD | American | 18/12/2026 |
| Common | Call Option | Purchased | 50,800 | 20.0 USD | American | 21/08/2026 |
| Common | Put Option | Purchased | -800 | 7.5 USD | American | 21/08/2026 |
| Common | Call Option | Purchased | 4,000 | 10.0 USD | American | 18/12/2026 |
| Common | Call Option | Purchased | 21,200 | 10.0 USD | American | 20/11/2026 |
| Common | Put Option | Purchased | -900 | 2.5 USD | American | 18/12/2026 |
| Common | Put Option | Purchased | -2,300 | 5.0 USD | American | 20/11/2026 |
| Common | Put Option | Purchased | -100 | 10.0 USD | American | 21/08/2026 |
| Common | Put Option | Purchased | -300 | 10.0 USD | American | 18/12/2026 |
| Common | Put Option | Purchased | -8,000 | 5.0 USD | American | 17/07/2026 |
| Common | Put Option | Purchased | -2,500 | 7.5 USD | American | 18/12/2026 |
| Common | Put Option | Purchased | -300 | 7.5 USD | American | 19/02/2027 |
| Common | Call Option | Purchased | 2,100 | 10.0 USD | American | 21/08/2026 |
| Common | Call Option | Sold | -100 | 7.5 USD | American | 21/08/2026 |
| Common | Call Option | Sold | -200 | 15.0 USD | American | 18/12/2026 |
| Common | Call Option | Sold | -100 | 5.0 USD | American | 20/11/2026 |
| Common | Put Option | Sold | 36,000 | 2.5 USD | American | 17/07/2026 |
| Common | Call Option | Sold | -9,100 | 7.5 USD | American | 18/12/2026 |
| Common | Call Option | Sold | -3,000 | 7.5 USD | American | 20/11/2026 |
| Common | Call Option | Sold | -2,400 | 2.5 USD | American | 21/08/2026 |
| Common | Call Option | Sold | -9,000 | 20.0 USD | American | 18/12/2026 |
| Common | Call Option | Sold | -4,900 | 5.0 USD | American | 21/08/2026 |
| Common | Call Option | Sold | -3,800 | 5.0 USD | American | 19/02/2027 |
| Common | Call Option | Sold | -600 | 2.5 USD | American | 18/12/2026 |
| Common | Call Option | Sold | -5,000 | 5.0 USD | American | 18/12/2026 |
3. AGREEMENTS TO PURCHASE OR SELL
| Full details should be given so that the nature of the interest or position can be fully understood: |
Ap33
4. 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: |
It is not necessary to provide details on a Supplemental Form with regard to cash-settled derivatives.
The currency of all prices and other monetary amounts should be stated.
For full details of disclosure requirements, see Rule 8 of the Rules. If in doubt, consult the Panel.
References in these notes to "the Rules" are to the Irish Takeover Panel Act, 1997, Takeover Rules, 2022.
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