Vanguard Group Discloses Holdings in Dowlais Group plc

The Vanguard Group, Inc. has disclosed its positions in Dowlais Group plc in compliance with Rule 8.3 of the Takeover Code. The disclosure, dated March 20, 2025, highlights Vanguard's interests in 72,749,127 ordinary shares of Dowlais, representing 5.41% of the relevant securities. The announcement also mentions dealings with American Axle & Manufacturing Holdings, Inc.

Within its dealings on March 20, 2025, Vanguard reported a purchase of 5,960 shares and a sale of 31,230 shares of Dowlais, both priced at 0.65 GBP per unit. Vanguard has not reported any agreements or arrangements related to indemnities or derivatives.

The disclosure indicates that there are no supplemental positions or other arrangements requiring further documentation. This filing provides insight into Vanguard's investment activities concerning Dowlais Group amidst ongoing market developments.