Dowlais Group PLC received a notification from The Capital Group Companies, Inc., a U.S.-based investment management company, regarding an acquisition or disposal of voting rights. The notification, dated April 4, 2024, indicated that The Capital Group Companies, Inc. now holds 11.818860% of voting rights attached to shares in Dowlais Group PLC, representing a decrease from the previous position of 12.990000%.
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.
The notification clarified 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.
The notification was completed on April 5, 2024, and the place of completion was not specified in the release.