Verition Fund Management Discloses 2.03% Stake in Dowlais Group PLC

Verition Fund Management LLC has disclosed a 2.03% stake in Dowlais Group PLC, with 26,776,817 shares owned and/or controlled, and 386,311 shares held short. The disclosure was made on August 28, 2025. The fund also has an interest in American Axle & Manufacturing Holdings Inc., the offeror in the acquisition of Dowlais Group PLC.

The Vanguard Group, Inc. has disclosed its stake in American Axle & Manufacturing Holdings, Inc. through Form 8.3, submitted on August 27, 2025. This disclosure, made under Rule 8.3 of the Takeover Code, outlines the fund's interests in the company's relevant securities [1].

Key details from the disclosure include:

- Discloser: The Vanguard Group, Inc.
- Date of Position Held: August 27, 2025
- Offeror/Offeree: American Axle & Manufacturing Holdings, Inc.
- Position: The Vanguard Group holds 8,860,019 shares of American Axle & Manufacturing, representing a 7.54% stake in the company.

This disclosure comes amidst the company's potential acquisition of Dowlais Group PLC, where the Vanguard Group also holds a significant stake. The fund's interest in American Axle & Manufacturing aligns with its broader investment strategy, which often includes stakes in companies involved in strategic mergers and acquisitions.

The disclosure highlights the importance of transparency in corporate governance, ensuring that investors and stakeholders are aware of significant holdings and potential conflicts of interest. This information is crucial for maintaining market integrity and investor confidence.

References:
[1] https://www.marketscreener.com/news/form-8-3-the-vanguard-group-inc-american-axle-manufacturing-holdings-inc-ce7c50dcd989ff23