2nd Feb 2026 10:37
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 | ||||
Related Shares:
Dowlais