Dowlais Group PLC received a notification of major holdings from The Capital Group Companies, Inc., a U.S.-based entity. The notification, dated 13th February 2024, indicated that The Capital Group Companies, Inc. had acquired 14.74% of voting rights attached to shares in Dowlais Group PLC, representing a decrease from their previous position of 15.5%. The total number of voting rights held in the issuer by The Capital Group Companies, Inc. was reported as 205,399,016.
The notification also provided details about the structure of The Capital Group Companies, Inc., its subsidiaries, and their roles. It highlighted that The Capital Group Companies, Inc. is the parent company of Capital Research and Management Company (CRMC), which serves as the investment manager to various mutual funds and clients. Additionally, it was noted that neither The Capital Group Companies, Inc. nor any of its affiliates own shares of Dowlais Group PLC for its own account, and 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.
The notification was completed on 14th February 2024 and provided comprehensive information about the ownership and voting rights held by The Capital Group Companies, Inc. and its affiliated entities in Dowlais Group PLC.