The Vanguard Group Discloses Position in Dowlais Group plc

The Vanguard Group, Inc. has filed a Form 8.3 to disclose its position in Dowlais Group plc, revealing ownership of 73,071,829 ordinary 1p shares. This translates to a 5.43% stake in the company, as of April 17, 2025. The disclosure aligns with Rule 8.3 of the UK's Takeover Code, which mandates transparency for parties holding 1% or more of the relevant securities. The form also notes an association with American Axle & Manufacturing Holdings, Inc. regarding its relevant securities positions.

No additional derivative positions or indemnity arrangements were reported. The filing, publicized on April 21, 2025, complies with regulatory requirements for entities involved in potential takeover scenarios. The disclosure provides critical visibility into Vanguard's investment strategy and influence over Dowlais Group's future business decisions.