Simple Wire Spool Holder for Peg Board

I was looking for a simple wire spool holder/dispenser but could not find one that fit what I needed so I designed my own.This is a simple wire spool holder with two parts. The holder and the dowel. The mount holes are spaced for 25mm spaced peg holes. This is designed for ~D64mm (flange) X H58mm wire spool. The dowel spacing can be adjusted but currently I have it for that size. Please make a request if needed. Parts needed:Existing 25mm spaced peg holesM5 X 16mm Button head Screws https://www.amazon.ca/dp/B0B498G1BS?ref=ppx_yo2ov_dt_b_product_details&th=1M5 Nut https://www.amazon.ca/dp/B08QCMDG7M?ref=ppx_yo2ov_dt_b_product_details&th=1wire spool https://www.amazon.ca/gp/product/B09L1842F5/ref=ppx_yo_dt_b_asin_title_o01_s00?ie=UTF8&psc=1The screws are put though the holder mounts to the other side of the peg holes and secured on the other side with an M5 nut.