The Vanguard Group Updates on Dowlais Group Stake

The Vanguard Group, Inc. has released its Form 8.3 disclosure under the UK Takeover Code concerning its stake in Dowlais Group plc. As of January 5, 2026, Vanguard holds 5.52% of the 1p ordinary shares of Dowlais, amounting to 72,682,335 securities.

Vanguard is disclosing these holdings in conjunction with Dowlais Group plc and is also involved with American Axle & Manufacturing Holdings, Inc. Recently, Vanguard purchased 35,587 of these ordinary shares at a price of 0.85 GBP per unit.

The company reports no cash-settled or stock-settled derivative positions related to this disclosure and confirms the absence of indemnity or other dealing arrangements. No agreements regarding options or derivatives have been established.