The Vanguard Group Discloses Position in Dowlais Group PLC

The Vanguard Group, Inc. has released a disclosure under Rule 8.3 of the Takeover Code concerning its position in Dowlais Group PLC. As of October 17, 2025, Vanguard holds 5.51% of the ordinary shares in Dowlais, amounting to 72,592,163 shares. This positions them as a significant stakeholder in the company.

The disclosure also mentions dealings with American Axle & Manufacturing Holdings, Inc., indicating a broader involvement in related securities. Vanguard recently acquired 11,328 ordinary shares of Dowlais at 0.77 GBP per share. No stock-settled derivative positions or agreements were noted, and there are no existing indemnity or option arrangements.

This disclosure ensures compliance with the Takeover Code by detailing interests, positions, and transactions that might affect the securities involved in potential takeover scenarios.