The Vanguard Group Discloses Position on Dowlais Group plc

The Vanguard Group, Inc. has submitted a formal disclosure, as per Rule 8.3 of the UK Takeover Code, regarding its financial position in Dowlais Group plc. Dated 5th March 2025, the disclosure reveals that Vanguard owns and controls 5.42% of the 1p ordinary shares, totaling 72,826,415 shares. This represents a significant interest exceeding 1% of the company's securities, necessitating public disclosure. Moreover, the transaction on 4th March involved the sale of 313,235 shares at 0.66 GBP per unit.

No cash-settled or stock-settled derivatives were reported. Additionally, Vanguard confirmed no associated indemnity, option arrangements, or voting right agreements related to these securities. The disclosure also pertains to American Axle & Manufacturing Holdings, Inc., together with Dowlais Group. Queries are directed to Shawn Acker at Vanguard, registered in the US.