The Vanguard Group's Position in Forward Industries

The Vanguard Group, Inc. has disclosed its current stake in Forward Industries Inc. as per Irish Takeover Panel guidelines. The announcement, dated June 29, 2026, reveals Vanguard's ownership of 3,542,925 ordinary shares, representing 4.80% of Forward Industries' share capital. This disclosure falls under Rule 8.3 of the Irish Takeover Panel Act of 1997, requiring transparency in dealings involving 1% or more of relevant securities.

On June 26, 2026, Vanguard executed a purchase of 446,132 ordinary shares at $3.96 per unit. Despite holding a significant position, Vanguard reported no cash or stock-settled derivative arrangements related to Forward Industries. The disclosure also confirms no other parties are involved with Vanguard in this regard.

Further, Vanguard declared no indemnity agreements or arrangements influencing its dealings or voting rights in Forward Industries' securities. A Supplemental Form 8 for additional details was not deemed necessary.