Man Group PLC, a finance expert with experience at Bloomberg, has disclosed a 1.16% stake in Dowlais Group plc. The disclosure is in relation to an offer by American Axle & Manufacturing Holdings, Inc. Man Group PLC's position consists of 15,331,867 shares of Dowlais Group plc's 1p ordinary shares. The disclosure was made on September 1, 2025.
Man Group PLC, a prominent finance expert with extensive experience at Bloomberg, has disclosed a 1.16% stake in Dowlais Group plc. The disclosure, made on September 1, 2025, is in relation to an offer by American Axle & Manufacturing Holdings, Inc. [1].
Man Group PLC's position in Dowlais Group plc consists of 15,331,867 shares of the company's 1p ordinary shares. This stake represents a significant holding, particularly given the ongoing offer by American Axle & Manufacturing Holdings, Inc. The disclosure follows recent regulatory filings under Rule 8.3 of the Takeover Code, which requires the disclosure of interests in relevant securities representing 1% or more of the voting rights of the company [2].
The disclosure by Man Group PLC adds to the ongoing financial landscape surrounding Dowlais Group plc. As the company navigates the potential acquisition or strategic partnership with American Axle & Manufacturing Holdings, Inc., the stake held by Man Group PLC is likely to be closely watched by investors and financial professionals.
Man Group PLC's disclosure highlights the importance of transparency in corporate governance and the significance of regulatory filings in maintaining investor confidence. The company's position in Dowlais Group plc may influence the dynamics of the offer and the potential strategic implications for both companies involved.
References:
[1] https://www.tradingview.com/news/reuters.com,2025-09-01:newsml_RSA4899Xa:0-reg-citadel-group-american-axle-mfg-dowlais-group-plc-form-8-3-dowlais-group-plc/
[2] https://www.tradingview.com/news/reuters.com,2025-09-01:newsml_RSA4828Xa:0-reg-blackrock-group-dowlais-group-plc-form-8-3-dowlais-group-plc/
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