The Vanguard Group Discloses Position in Dowlais Group plc

The Vanguard Group, Inc. has filed a Form 8.3 disclosure concerning its interests in Dowlais Group plc. Effective February 26, 2025, Vanguard holds 5.46% of the 1p ordinary shares of Dowlais, totaling 73,381,583 shares. This puts Vanguard above the 1% threshold defined by the Takeover Code's Rule 8.3.

In recent transactions, Vanguard purchased 12,928 shares and sold 215,903 shares, both at a price of 0.72 GBP per share. The disclosure also mentions American Axle & Manufacturing Holdings, Inc. as an additional party in relation to whom disclosures are being made.

No additional agreements or arrangements such as indemnities or voting rights related to options or derivatives were noted. Furthermore, there are no other dealings involving new securities.