REG - Dowlais Group PLC - Holding(s) in Company

DowlaisAnnouncement

Today 16:00

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RNS Number : 1792M  Dowlais Group PLC  18 December 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

JPMorgan Chase & Co.

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
 J.P. Morgan Securities plc

5. Date on which the threshold was crossed or reached

16-Dec-2025

6. Date on which Issuer notified

18-Dec-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  2.976269                                              4.523022                                                                   7.499291                        98740950
 Position of previous notification (if applicable)                          3.386719                                              4.082725                                                                   7.469444

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                                                                          39187421                                                                         2.976269
 Sub Total 8.A                                39187421                                                                              2.976269%

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

 Sub Total 8.B1

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
 Cash-settled Equity Swap      19/01/2026       19/01/2026                  Cash                         48929                    0.003713
 Cash-settled Equity Swap      03/02/2026       03/02/2026                  Cash                         5461                     0.000414
 Cash-settled Equity Swap      18/02/2026       18/02/2026                  Cash                         16514                    0.001252
 Cash-settled Equity Swap      18/03/2026       18/03/2026                  Cash                         228300                   0.017339
 Cash-settled Equity Swap      05/05/2026       05/05/2026                  Cash                         995                      0.000075
 Cash-settled Equity Swap      18/05/2026       18/05/2026                  Cash                         12216831                 0.927866
 Cash-settled Equity Swap      26/05/2026       26/05/2026                  Cash                         117636                   0.008934
 Cash-settled Equity Swap      02/06/2026       02/06/2026                  Cash                         2230                     0.000168
 Cash-settled Equity Swap      18/06/2026       18/06/2026                  Cash                         5796366                  0.440233
 Cash-settled Equity Swap      02/07/2026       02/07/2026                  Cash                         6862                     0.000520
 Cash-settled Equity Swap      06/07/2026       06/07/2026                  Cash                         7531495                  0.572015
 Cash-settled Equity Swap      17/07/2026       17/07/2026                  Cash                         82159                    0.006239
 Cash-settled Equity Swap      04/08/2026       04/08/2026                  Cash                         3948                     0.000298
 Cash-settled Equity Swap      10/08/2026       10/08/2026                  Cash                         8144554                  0.618577
 Cash-settled Equity Swap      19/08/2026       19/08/2026                  Cash                         17805                    0.001351
 Cash-settled Equity Swap      20/08/2026       20/08/2026                  Cash                         6906227                  0.524526
 Cash-settled Equity Swap      02/09/2026       02/09/2026                  Cash                         18422                    0.001397
 Cash-settled Equity Swap      17/09/2026       17/09/2026                  Cash                         36807                    0.002788
 Cash-settled Equity Swap      22/09/2026       22/09/2026                  Cash                         4113614                  0.312428
 Cash-settled Equity Swap      02/10/2026       02/10/2026                  Cash                         8283                     0.000626
 Cash-settled Equity Swap      19/10/2026       19/10/2026                  Cash                         23992                    0.001820
 Cash-settled Equity Swap      03/11/2026       03/11/2026                  Cash                         29891                    0.002267
 Cash-settled Equity Swap      02/12/2026       02/12/2026                  Cash                         30745                    0.002330
 Cash-settled Equity Swap      17/12/2026       17/12/2026                  Cash                         127094                   0.009642
 Cash-settled Equity Swap      23/12/2026       23/12/2026                  Cash                         13995029                 1.062917
 Cash-settled Equity Swap      02/02/2027       02/02/2027                  Cash                         41645                    0.003160
 Cash-settled Equity Swap      17/02/2027       17/02/2027                  Cash                         1455                     0.000110
 Cash-settled Equity Swap      30/05/2028       30/05/2028                  Cash                         240                      0.000017
 Sub Total 8.B2                                                                                          59553529                 4.523022%

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
 JPMorgan Chase & Co.         J.P. Morgan Securities plc                                                                                             4.523022                                                                    7.479977%
 JPMorgan Chase & Co.         J.P. Morgan SE
 JPMorgan Chase & Co.         JPMorgan Chase Bank, National Association

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

Chain of controlled undertakings:

JPMorgan Chase & Co.

JPMorgan Chase Bank, National Association (100%)

J.P. Morgan International Finance Limited (100%)

J.P. Morgan Capital Holdings Limited (100%)

J.P. Morgan Securities plc (100%)

JPMorgan Chase & Co.

JPMorgan Chase Bank, National Association (100%)

J.P. Morgan International Finance Limited (100%)

J.P. Morgan SE (100%)

JPMorgan Chase & Co.

JPMorgan Chase Bank, National Association (100%)

12. Date of Completion

18-Dec-2025

13. Place Of Completion

London, United Kingdom

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