The Vanguard Group Reports Stake in Dowlais Group plc

The Vanguard Group, Inc. has disclosed its position in Dowlais Group plc, holding a significant portion of their securities. As per the Form 8.3 disclosure made on December 12, 2025, Vanguard holds 72,539,075 shares, representing 5.51% of Dowlais's ordinary 1p securities.

This disclosure is mandated under Rule 8.3 of the Takeover Code, requiring transparency from entities whose interests represent 1% or more of relevant securities. The position held dates to December 11, 2025. Vanguard’s interests also extend to American Axle & Manufacturing Holdings, Inc. related to the offer.

Meanwhile, 30,546 shares of Dowlais were sold at 0.83 GBP per unit. No additional agreements or derivatives have been reported in connection with these holdings. The disclosure emphasizes Vanguard's substantial influence in Dowlais and its involvement in related corporate activities.