The Capital Group Companies, Inc., based in Los Angeles, USA, has acquired 12.86% of the voting rights in Diploma PLC, a UK issuer. The acquisition was notified on April 24, 2024, with a total of 17,247,979 voting rights held in the issuer. This marks a decrease from the previous position of 13.77% voting rights. The shares are owned by accounts under the discretionary investment management of one or more of the investment management companies under The Capital Group Companies, Inc.
The Capital Group Companies, Inc. is the parent company of Capital Research and Management Company, which serves as the investment manager to the American Funds family of mutual funds, other pooled investment vehicles, as well as individual and institutional clients. Additionally, it is the parent company of six investment management companies that primarily serve institutional and high net worth clients. It's important to note that neither The Capital Group Companies, Inc. nor any of its affiliates own shares of Diploma PLC for its own account.
This acquisition signifies a significant change in the voting rights within Diploma PLC and reflects The Capital Group Companies, Inc.'s strategic investment in the company. The notification provides detailed information about the shareholder, the date of the threshold crossing, and the resulting situation. This development could potentially impact the decision-making processes within Diploma PLC, as The Capital Group Companies, Inc. now holds a substantial percentage of voting rights in the company.