REG - Dowlais Group PLC - Director/PDMR Shareholding

DowlaisAnnouncement

02/02/2026 10:45

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RNS Number : 3282R  Dowlais Group PLC  02 February 2026

2 February 2026

DOWLAIS GROUP PLC

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

On 29 January 2025, Dowlais Group plc ("Dowlais") and Dauch Corporation
(formerly known as American Axle & Manufacturing Holdings, Inc.) ("Dauch")
announced that they had reached agreement on the terms of a recommended
acquisition of Dowlais (the "Combination"). Pursuant to the Combination, Dauch
will acquire the entire issued, and to be issued, ordinary share capital of
Dowlais, to be effected by way of a Court-sanctioned scheme of arrangement
(the "Scheme") under Part 26 of the Companies Act 2006. The circular in
relation to the Scheme was published on 19 June 2025.

On 30 January 2026, Dowlais announced that the Court had sanctioned the Scheme
at the Court Hearing held on that day.

As a result of the Court sanction of the Scheme, on 30 January 2026, awards
over Dowlais ordinary shares of 1p each ("Shares") granted on 22 May 2024 and
10 March 2025 under the terms of the Dowlais Omnibus Share Plan ("OSP") and
granted on the 2 May 2023 under the terms of the Dowlais Performance Share
Plan ("PSP"), vested to the following PDMRs, as shown in the table below.

 Name              Number of OSP awards vested  Number of PSP awards vested  Total number of vested Shares
 Liam Butterworth  3,883,546                    2,119,576                    6,003,122
 Roberto Fioroni   1,832,717                    1,000,249                    2,832,966

 

The notifications below have been made in accordance with the requirements of
The UK Market Abuse Regulation.

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Liam Butterworth
 2    Reason for the notification
 a)   Position/status                                              Chief Executive Officer (Person Discharging Managerial Responsibilities)

 b)   Initial notification /Amendment                              Initial notification
 3    Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor
 a)   Name                                                         Dowlais Group plc
 b)   LEI                                                          213800XM8WOFLY6VPC92
 4    Details of the transaction(s): section to be repeated for (i) each type of

    instrument; (ii) each type of transaction; (iii) each date; and (iv) each
      place where transactions have been conducted
 a)   Description of the financial instrument, type of instrument  Dowlais Group plc ordinary shares of 1 pence each

      Identification code                                          GB00BMWRZ071
 b)   Nature of the transaction                                    (i)         Vesting of conditional share awards granted on 22 May 2024

                                                                 and 10 March 2025 under the terms of the OSP; and

                                                                   (ii)       Vesting of conditional share awards granted on 2 May 2023 under
                                                                   the terms of the PSP.
                                                                                                       Price(s)          Volume(s)
                                                                                     (i)               £NIL              3,883,546
                                                                                     (ii)              £NIL              2,119,576

 d)   Aggregated information

      - Aggregated volume                                          6,003,122
      - Price                                                      NIL

 e)   Date of the transaction                                      30 January 2026

 f)   Place of the transaction                                     Outside trading venue

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Roberto Fioroni
 2    Reason for the notification
 a)   Position/status                                              Chief Financial Officer (Person Discharging Managerial Responsibilities)

 b)   Initial notification /Amendment                              Initial notification
 3    Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor
 a)   Name                                                         Dowlais Group plc
 b)   LEI                                                          213800XM8WOFLY6VPC92
 4    Details of the transaction(s): section to be repeated for (i) each type of

    instrument; (ii) each type of transaction; (iii) each date; and (iv) each
      place where transactions have been conducted
 a)   Description of the financial instrument, type of instrument  Dowlais Group plc ordinary shares of 1 pence each

      Identification code                                          GB00BMWRZ071
 b)   Nature of the transaction                                    (i)         Vesting of conditional share awards granted on 22 May 2024

                                                                 and 10 March 2025 under the terms of the OSP; and

                                                                   (ii)       Vesting of conditional share awards granted on 2 May 2023 under
                                                                   the terms of the PSP.
                                                                                     (i)               £NIL              1,832,717
                                                                                     (ii)              £NIL              1,000,249

 d)   Aggregated information

      - Aggregated volume                                          2,832,966
      - Price                                                      NIL

 e)   Date of the transaction                                      30 January 2026

 f)   Place of the transaction                                     Outside trading venue

 

 

 

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