Vanguard Group Discloses Significant Holding in Dowlais Group

The Vanguard Group, Inc. has submitted a Form 8.3, revealing a notable position in Dowlais Group plc. As per the disclosure dated March 3, 2025, Vanguard holds 73,139,650 ordinary shares in Dowlais, equivalent to 5.44% of the company's shares. This position signifies a major interest, as outlined by Rule 8.3 of the UK Takeover Code.

Dowlais Group, involved in an undisclosed transaction with American Axle & Manufacturing Holdings, Inc., is the target of Vanguard's disclosure. Although the document shows recent share purchases, totaling 11,310 shares at 0.70 GBP each, there are no details of other significant dealings or agreements.

This transparency measure by Vanguard is part of regulatory requirements for firms with interests in public companies. Vanguard's disclosure comes without any additional attachments or understandings related to options or derivatives.