BlackRock, Inc. has acquired a 5% voting rights position in Dowlais Group PLC. The acquisition was notified on May 20, 2024, with the threshold being crossed on May 17, 2024. BlackRock, Inc. holds 4.45% of voting rights attached to shares and 0.55% of voting rights through financial instruments, totaling 5% of voting rights with a total of 69,573,832 voting rights held in the issuer.
The details of the shareholder, BlackRock, Inc., include the breakdown of voting rights attached to shares and financial instruments. BlackRock, Inc. holds 61,839,790 direct voting rights, representing 4.45% and has financial instruments with 0.55% voting rights. These financial instruments include securities lending with 0.03% and financial instruments with similar economic effect, such as CFDs, with 0.52% voting rights.
The notification also provides information about the person subject to the notification obligation, BlackRock, Inc., and its controlled undertakings through which the voting rights and/or the financial instruments are effectively held. The chain of controlled undertakings includes various entities such as BlackRock Holdco 2, Inc., BlackRock Financial Management, Inc., BlackRock International Holdings, Inc., and others, with varying percentages of voting rights.
This notification underlines BlackRock, Inc.'s significant acquisition of voting rights in Dowlais Group PLC, providing transparency about the change in the company's ownership structure.