The Vanguard Group Discloses Stake in Dowlais Group plc

The Vanguard Group, Inc. has filed a Form 8.3, disclosing its position in Dowlais Group plc. As of October 31, 2025, Vanguard holds a 5.52% stake in Dowlais through 72,644,670 ordinary shares. This disclosure complies with Rule 8.3 of the Takeover Code, requiring transparency for holdings representing 1% or more in relevant securities.

In addition to Dowlais Group, Vanguard is disclosing information on American Axle & Manufacturing Holdings, Inc. The filing lists a recent purchase of 31,378 ordinary shares at 0.83 GBP per share. No involvement in derivative transactions or options related to Dowlais securities is indicated. There are no indemnity or option arrangements mentioned in the disclosure.