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 18th March 2024, indicated that The Capital Group Companies, Inc. now holds 13.91% of the voting rights attached to shares in Dowlais Group PLC, representing a decrease from the previous position of 14.74%. The total number of voting rights held in the issuer is 193,799,177.
The Capital Group Companies, Inc. is the parent company of Capital Research and Management Company (CRMC), which 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. The Capital Group Companies, Inc. also owns shares through accounts under the discretionary investment management of its investment management companies.
The notification also provided details of the controlled undertakings through which the voting rights and/or the financial instruments are effectively held, starting with the ultimate controlling natural person or legal entities. It outlined the various investment management companies and their respective percentages of voting rights.
The notification concluded with additional information about The Capital Group Companies, Inc. and its affiliates, clarifying that neither The Capital Group Companies, Inc. nor any of its affiliates own shares of Dowlais Group PLC for its own account. The shares reported in the notification are owned by accounts under the discretionary investment management of one or more of the investment management companies described.
The notification was completed on 19th March 2024.