The Vanguard Group Discloses Stake in Dowlais Group plc

On October 27, 2025, The Vanguard Group, Inc. released a disclosure under Form 8.3 concerning its stake in Dowlais Group plc. As per Rule 8.3 of the Takeover Code, the disclosure pertains to the relevant securities representing 1% or more. The disclosure specifies that as of October 24, 2025, Vanguard owns 72,464,150 ordinary shares in Dowlais Group, representing a 5.50% stake.

The document also mentions dealings involving American Axle & Manufacturing Holdings, Inc., aside from Dowlais Group. On the transactional front, a purchase of 8,496 ordinary shares was noted at a price of 0.83 GBP each. No agreements or understandings regarding options or derivatives exist, and no supplemental form is attached to this disclosure.