Verition Fund Management's Disclosure of Interest in Dowlais Group PLC

Verition Fund Management LLC has disclosed a 0.65% interest in Dowlais Group PLC's 1p Ordinary shares, with 8,813,175 shares owned and/or controlled, and 8,752 shares in cash-settled derivatives. The disclosure is in relation to American Axle & Manufacturing Holdings Inc.'s possible cash offer for Dowlais Group PLC.

Northern Trust Corporation has disclosed a significant interest in Dowlais Group PLC's 1p Ordinary shares. According to the Form 8.3 filing [1], the trust holds 8,813,175 shares and 8,752 shares in cash-settled derivatives, representing a 0.65% interest in the company. This disclosure is in relation to American Axle & Manufacturing Holdings Inc.'s possible cash offer for Dowlais Group PLC.

The disclosure, made on April 22, 2025, provides details on the trust's holdings and positions. The trust's interest in Dowlais Group PLC is notable due to its potential impact on the company's valuation and strategic direction. The disclosure also includes information on the trust's dealings and other relevant details, such as the absence of any agreements or arrangements related to the voting rights of the securities.

The disclosure is subject to the Takeover Code's Rule 8.3, which requires public opening position disclosures by persons with interests in relevant securities representing 1% or more. The trust's disclosure is intended to provide transparency and meet regulatory requirements.

Investors and financial professionals should closely monitor this development, as it could have implications for Dowlais Group PLC's share price and market position. The trust's interest may influence the outcome of the potential cash offer from American Axle & Manufacturing Holdings Inc.

References:
[1] https://www.tradingview.com/news/reuters.com,2025-04-22:newsml_RSV7220Fa:0-reg-northern-trust-corp-dowlais-group-plc-american-axle-mfg-form-8-3-american-axle-manufacturing-holdings-inc/