Vanguard Group Reports Holdings in Dowlais Group plc

On May 14, 2025, The Vanguard Group, Inc. released a Form 8.3, indicating a public disclosure of its positions in relation to Dowlais Group plc. The disclosure, required under Rule 8.3 of the Takeover Code, reveals that Vanguard holds interests amounting to 5.45% in Dowlais Group, comprising 73,225,771 ordinary shares. The form further outlines Vanguard's purchase of 2,996 ordinary shares at a price of 0.67 GBP per share on May 13, 2025.

The disclosure also mentions American Axle & Manufacturing Holdings, Inc., though further details on this were not provided. Additionally, Vanguard confirmed the absence of any agreements, arrangements, or understandings concerning indemnity, options, or derivatives related to these investments.