on The Vanguard Group, Inc. (isin : US12572Q1058)
The Vanguard Group Discloses Stake in Dowlais Group plc
On March 11, 2025, The Vanguard Group, Inc. made a public opening position disclosure under Form 8.3, revealing its interests and dealings in the securities of Dowlais Group plc. The filing, in compliance with Rule 8.3 of the Takeover Code, unveils a significant stake of 5.42% in Dowlais Group, equivalent to 72,818,886 ordinary shares.
The disclosure also notes involvement with American Axle & Manufacturing Holdings, Inc., indicating a broader investment approach related to ongoing market activities. Additionally, Vanguard executed the purchase of 15,080 shares of Dowlais Group at 0.66 GBP per share, enhancing its portfolio stake.
The document highlights transparency in accordance with regulatory requirements, though it confirms the absence of any indemnity, option arrangements, or agreements aimed at influencing the securities' dealing or voting rights.
R. H.
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