The Vanguard Group Discloses Position in Dowlais Group plc

The Vanguard Group, Inc. has released a Form 8.3 disclosure concerning its stake in Dowlais Group plc, as per the guidelines of the Takeover Code. The disclosure, dated 22 December 2025, indicates that Vanguard holds a 5.51% interest in Dowlais Group, comprising 72,574,591 ordinary shares. This is part of a public opening position disclosure under Rule 8.3.

The form also mentions that Vanguard is making disclosures related to American Axle & Manufacturing Holdings, Inc., indicating involvement with more than one party. A recent transaction recorded on 19 December 2025 detailed the purchase of 37,454 Dowlais shares and the sale of 1,938 shares at 0.87 GBP each.

There are no agreements, arrangements, or understandings involving derivatives or options, according to the disclosure, and no Supplemental Form 8 is attached. Vanguard's position reflects its interest in the ongoing activities of Dowlais Group.