Vanguard Discloses Stake in Dowlais Group

The Vanguard Group, Inc. has filed a Form 8.3 revealing its interest in Dowlais Group plc. This disclosure comes under Rule 8.3 of the Takeover Code. As of April 15, 2025, Vanguard holds 73,061,815 ordinary 1p shares in Dowlais Group, representing 5.43% of the company's securities. The filing also notes Vanguard's interest in American Axle & Manufacturing Holdings, Inc., indicating multiple financial interests.

No additional stock-settled derivatives or new securities rights are reported, and no indemnity agreements or option arrangements are in place. One notable transaction involved the purchase of 20,061 ordinary shares at 0.54 GBP each. This public disclosure underscores Vanguard's significant influence in the securities of Dowlais Group, with no supplemental form attached for open positions.