The Vanguard Group Discloses Position in Dowlais Group plc

The Vanguard Group, Inc. has revealed its interest in the securities of Dowlais Group plc according to Form 8.3 of the Takeover Code, representing a notable disclosure in the financial markets. As of November 11, 2025, The Vanguard Group holds 72,447,146 ordinary shares, amounting to 5.50% of the total shares in Dowlais Group plc.

This disclosure also mentions connections with American Axle & Manufacturing Holdings, Inc., but no further details on transactions with this entity were provided. A recent transaction involved the sale of 49,970 shares at 0.84 GBP per unit. The report confirms no open positions in stock-settled derivatives or agreements related to the securities.

No active indemnity or option arrangements exist, highlighting the simplicity of the current position. This transparency aligns with regulatory requirements and provides insight into Vanguard's strategic interests.