The Vanguard Group Discloses Position in Dowlais Group plc

The Vanguard Group, Inc. has released a disclosure form in accordance with Rule 8.3 of the Takeover Code. The form reveals Vanguard's interests in the securities of Dowlais Group plc and American Axle & Manufacturing Holdings, Inc. As of December 8, 2025, Vanguard holds 72,541,451 of Dowlais Group plc's 1p ordinary shares, representing 5.51% of the company.

The document also records recent trades: Vanguard purchased 39,403 shares and sold 50,840 shares of Dowlais, both at a price of 0.83 GBP per unit. Notably, the disclosure states that there are no indemnity or other dealing arrangements in place, and no Supplemental Form 8 is attached, indicating a straightforward disclosure with minimal complexity.