The Vanguard Group Discloses Stake in Dowlais Group plc

The Vanguard Group, Inc. has released Form 8.3, detailing its position concerning Dowlais Group plc under Rule 8.3 of the Takeover Code. As of October 27, 2025, The Vanguard Group controls 72,475,486 ordinary shares in Dowlais Group plc, constituting a 5.50% stake. In addition to interest in Dowlais Group, disclosures pertain to American Axle & Manufacturing Holdings, Inc.

The document reveals no cash-settled or stock-settled derivatives, nor any agreements in derivatives or securities. During recent dealings, The Vanguard Group made a purchase of 11,336 shares at a price of 0.83 GBP per unit. The disclosure clarifies that there are no indemnity, option agreements, or understandings related to voting rights or securities acquisition.