Vanguard Group Discloses Stake in Dowlais Group plc

On November 28, 2025, The Vanguard Group, Inc. issued a Form 8.3, announcing a significant disclosure in line with Rule 8.3 of the Takeover Code. The disclosure pertains to The Vanguard Group's interests in the securities of Dowlais Group plc. Specifically, Vanguard reported ownership and control over 72,315,281 ordinary shares, representing 5.49% of Dowlais Group's relevant securities.

The form outlines that the position held and the dealing were undertaken on November 27, 2025. In the context of this disclosure, Vanguard did not report any other party involvement beyond Dowlais Group plc. Additionally, a purchase of 51,597 shares at a price of 0.85 GBP per unit was noted.

Importantly, Vanguard disclosed that no agreements or arrangements exist regarding options, derivatives, or inducements to deal or refrain from dealing pertaining to Dowlais. The submission was concluded without attaching a Supplemental Form 8 for Open Positions.