The Vanguard Group Discloses Stake in Dowlais Group plc

The Vanguard Group, Inc. has disclosed its interests in Dowlais Group plc, as outlined in Form 8.3 under the Takeover Code. On September 29, 2025, Vanguard held 72,735,498 ordinary shares, representing a 5.52% stake in Dowlais. The disclosure includes details about securities owned, derivatives, and agreements relevant to Dowlais. Vanguard also mentions interests in American Axle & Manufacturing Holdings, Inc., highlighting involvement with multiple parties related to the offer. The notice provides transparency in Vanguard's dealings, which involves purchasing 15,565 ordinary shares at 0.80 GBP per unit. No indemnity or other arrangement influences these dealings.