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 12th April 2024, indicated that The Capital Group Companies, Inc. now holds 4.62% of voting rights attached to shares in Dowlais Group PLC, representing 64,259,387 voting rights.
The Capital Group Companies, Inc. is the parent company of Capital Research and Management Company (CRMC) and Capital Bank & Trust Company (CB&T). CRMC 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. CRMC is also the parent company of Capital Group International, Inc. (CGII), which oversees six investment management companies primarily serving 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 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 was completed on 15th April 2024.