The Vanguard Group Discloses Interests in Dowlais Group and American Axle

The Vanguard Group, Inc. has released its Form 8.3, detailing its stake in Dowlais Group plc. As of December 3, 2025, Vanguard holds a 5.51% interest in Dowlais Group's 1p ordinary shares, amounting to 72,513,448 shares. This disclosure is in accordance with Rule 8.3 of the Takeover Code, concerning those with interests representing 1% or more in relevant securities.

Additionally, Vanguard is making disclosures related to American Axle & Manufacturing Holdings, Inc. Recent transactions include purchasing 255,665 shares at 0.85 GBP each and selling 76,335 shares at the same price. There are no open stock-settled derivative positions or subscriber rights reported.

No indemnity or option arrangements were noted, and no Supplemental Form 8 has been attached, confirming a straightforward interest structure without complex derivatives or agreements.