Vanguard Discloses Significant Position in Dowlais Group plc

The Vanguard Group, Inc. has released a Form 8.3 disclosure, highlighting its current position in Dowlais Group plc. As of May 2, 2025, Vanguard holds 73,109,020 shares, equating to a 5.44% interest in the company. This substantial stake is detailed under Rule 8.3 of the Takeover Code, which necessitates public opening position disclosures when an entity controls 1% or more of relevant securities.

The disclosure also reveals interest in American Axle & Manufacturing Holdings, Inc., indicating Vanguard's broader strategic interests. Besides stock ownership, the document confirms no cash-settled or stock-settled derivatives or agreements exist tied to Dowlais Group shares.

Vanguard made a minor purchase of 1,052 ordinary shares at 0.62 GBP each. Notably, there are no indemnity or agreement arrangements related to Dowlais Group's securities.