REG - Dowlais Group PLC Bank of America Corp - Holding(s) in Company

DowlaisAnnouncement

31/10/2025 08:30

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RNS Number : 5685F  Dowlais Group PLC  31 October 2025

Dowlais Group plc

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GB00BMWRZ071

Issuer Name

DOWLAIS GROUP PLC

UK or Non-UK Issuer

UK

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

Bank of America Corporation

City of registered office (if applicable)

 

Country of registered office (if applicable)

US

4. Details of the shareholder

 Name                         City of registered office  Country of registered office
 Merrill Lynch International  London                     United Kingdom

5. Date on which the threshold was crossed or reached

29-Oct-2025

6. Date on which Issuer notified

30-Oct-2025

7. Total positions of person(s) subject to the notification obligation

                                                                            % of voting rights attached to shares (total of 8.A)  % of voting rights through financial instruments (total of 8.B 1 + 8.B 2)  Total of both in % (8.A + 8.B)  Total number of voting rights held in issuer
 Resulting situation on the date on which threshold was crossed or reached  3.023454                                              9.138602                                                                   12.162056                       160132766
 Position of previous notification (if applicable)                          2.534693                                              9.178868                                                                   11.713561

8. Notified details of the resulting situation on the date on which the
threshold was crossed or reached

8A. Voting rights attached to shares

 Class/Type of shares ISIN code(if possible)  Number of direct voting rights (DTR5.1)  Number of indirect voting rights (DTR5.2.1)  % of direct voting rights (DTR5.1)  % of indirect voting rights (DTR5.2.1)
 GB00BMWRZ071                                                                          39808574                                                                         3.023454
 Sub Total 8.A                                39808574                                                                              3.023454%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

 Type of financial instrument  Expiration date  Exercise/conversion period  Number of voting rights that may be acquired if the instrument is  % of voting rights
                                                                            exercised/converted
 Right to Recall               n/a              n/a                         94874                                                              0.007206
 Physical Swaps                19/02/2026       n/a                         11386000                                                           0.864764
 Physical Swaps                23/02/2026       n/a                         9074000                                                            0.689169
 Sub Total 8.B1                                                             20554874                                                           1.561139%

8B2. Financial Instruments with similar economic effect according to
(DTR5.3.1R.(1) (b))

 Type of financial instrument  Expiration date  Exercise/conversion period  Physical or cash settlement  Number of voting rights  % of voting rights
 Swaps                         19/11/2025       n/a                         Cash                         9923164                  0.753663
 Swaps                         06/01/2026       n/a                         Cash                         38143898                 2.897023
 Swaps                         02/04/2026       n/a                         Cash                         21226000                 1.612111
 Swaps                         02/06/2026       n/a                         Cash                         577800                   0.043884
 Swaps                         08/06/2026       n/a                         Cash                         939145                   0.071328
 Swaps                         26/06/2026       n/a                         Cash                         9414531                  0.715032
 Swaps                         30/06/2026       n/a                         Cash                         687557                   0.052220
 Swaps                         06/07/2026       n/a                         Cash                         1951412                  0.148209
 Swaps                         13/07/2026       n/a                         Cash                         6854172                  0.520573
 Swaps                         16/07/2026       n/a                         Cash                         5985                     0.000455
 Swaps                         20/07/2026       n/a                         Cash                         29945                    0.002274
 Swaps                         31/07/2026       n/a                         Cash                         5700000                  0.432914
 Swaps                         03/08/2026       n/a                         Cash                         1689467                  0.128315
 Swaps                         10/08/2026       n/a                         Cash                         1227                     0.000093
 Swaps                         17/08/2026       n/a                         Cash                         1730043                  0.131396
 Swaps                         07/09/2026       n/a                         Cash                         113391                   0.008612
 Swaps                         23/11/2026       n/a                         Cash                         23303                    0.001770
 Swaps                         01/11/2027       n/a                         Cash                         299495                   0.022747
 Swaps                         15/02/2028       n/a                         Cash                         392325                   0.029797
 Swaps                         28/02/2028       n/a                         Cash                         11324                    0.000860
 Swaps                         24/11/2026       n/a                         Cash                         24654                    0.001872
 Swaps                         29/12/2025       n/a                         Cash                         30480                    0.002315
 Sub Total 8.B2                                                                                          99769318                 7.577463%

9. Information in relation to the person subject to the notification
obligation

2. Full chain of controlled undertakings through which the voting rights
and/or the financial instruments are effectively held starting with the
ultimate controlling natural person or legal entities (please add additional
rows as necessary)

 Ultimate controlling person  Name of controlled undertaking         % of voting rights if it equals or is higher than the notifiable threshold  % of voting rights through financial instruments if it equals or is higher  Total of both if it equals or is higher than the notifiable threshold
                                                                                                                                                 than the notifiable threshold
 Bank of America Corporation  Bank of America, National Association                                                                              4.575449                                                                    4.575449%
 Bank of America Corporation  Merrill Lynch International            3.022001                                                                    4.186321                                                                    7.208322%
 Bank of America Corporation  BofA Securities Europe SA

10. In case of proxy voting

Name of the proxy holder

 

The number and % of voting rights held

 

The date until which the voting rights will be held

 

11. Additional Information

 

12. Date of Completion

30-Oct-2025

13. Place Of Completion

United Kingdom

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