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The Vanguard Group Discloses Stake in Dowlais Group plc

The Vanguard Group, Inc. recently filed a Form 8.3, confirming its position in Dowlais Group plc. On December 8, 2025, the firm announced holdings representing 5.51% of Dowlais Group's 1p ordinary shares, totaling 72,552,888 shares. This disclosure aligns with Rule 8.3 of the Takeover Code, which requires transparency from those holding 1% or more in relevant securities.

The filing also indicates other interests in American Axle & Manufacturing Holdings, Inc. On December 5, 2025, Vanguard made a notable acquisition, purchasing 33,804 shares of Dowlais Group at 0.83 GBP per share. No agreements or options pertaining to these securities were reported in the submission.

This disclosure reinforces Vanguard's continued engagement in the securities market, highlighting active investment strategies.

R. E.

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