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The Vanguard Group Discloses Position in Dowlais Group

The Vanguard Group, Inc. has filed a Form 8.3 disclosing its stake in Dowlais Group plc. As per the document, Vanguard holds a 5.13% interest in Dowlais, amounting to over 67 million ordinary shares. This level of interest necessitates disclosure under Rule 8.3 of the UK Takeover Code, given it represents more than 1% of the relevant securities.

Vanguard has also been active in the market, purchasing 11,392 shares at 0.93 GBP per unit, while selling over five million shares at 0.94 GBP each. There are no other dealings or derivative positions disclosed.

No indemnities or agreements influencing the disposal or acquisition of securities were reported, nor were there any supplemental forms attached.

R. P.

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