The Vanguard Group Discloses Position in Dowlais Group plc

The Vanguard Group, Inc. has filed Form 8.3, disclosing its position regarding Dowlais Group plc. As of September 25, 2025, Vanguard holds 72,719,933 shares in Dowlais Group, representing a 5.52% stake in the company. This disclosure is in compliance with Rule 8.3 of the Takeover Code, which mandates transparent reporting for entities with interests in securities amounting to 1% or more.

In addition to Dowlais Group, Vanguard's disclosure mentions interests in American Axle & Manufacturing Holdings, Inc. Recent transactions include purchasing 51,631 shares of Dowlais at 0.81 GBP per share. No derivatives or detailed options agreements are reported in this filing. Furthermore, there are no indemnity or option arrangements referenced in the disclosure.