Dowlais Group PLC received a notification of major holdings from The Capital Group Companies, Inc., a U.S.-based investment management company. The notification, dated 07-Feb-2024, indicated that The Capital Group Companies, Inc. now holds 15.5% of the voting rights attached to shares in Dowlais Group PLC, representing a decrease from the previous holding of 16.05%. This change equates to a total of 215,921,964 voting rights held in the issuer.
The Capital Group Companies, Inc. is the parent company of Capital Research and Management Company (CRMC) and Capital Bank & Trust Company (CB&T). CRMC, in particular, serves as the investment manager to the American Funds family of mutual funds, other pooled investment vehicles, and individual and institutional clients. Additionally, CRMC and its investment manager affiliates manage equity assets for various investment companies through three divisions: Capital Research Global Investors, Capital International Investors, and Capital World Investors.
It's important to note that neither The Capital Group Companies, Inc. nor any of its affiliates own shares of Dowlais Group PLC for its own account. Instead, the shares reported in the notification are owned by accounts under the discretionary investment management of one or more of the investment management companies under The Capital Group Companies, Inc.
This notification provides insight into the changes in major holdings within Dowlais Group PLC and the involvement of The Capital Group Companies, Inc. and its affiliates in the company's shareholding structure.