The Capital Group Companies, Inc. has notified Ocado Group PLC of an acquisition of voting rights, crossing the threshold on January 16, 2024. The resulting situation on the date of the threshold being reached shows a total of 9.23% of voting rights attached to shares, with 76,443,336 voting rights held in the issuer. This is a decrease from the previous notification, which showed 10.99% of voting rights.
The notification details the full chain of 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. The Capital Group Companies, Inc. is the parent company of Capital Research and Management Company, which manages equity assets for various investment companies through three divisions. Additionally, it is the parent company of six investment management companies that primarily serve as investment managers to institutional and high net worth clients.
It is important to note that neither The Capital Group Companies, Inc. nor any of its affiliates own shares of Ocado Group PLC for its own account. Instead, the shares reported on this notification are owned by accounts under the discretionary investment management of one or more of the investment management companies described above.
This notification provides comprehensive details about the acquisition of voting rights by The Capital Group Companies, Inc., shedding light on the entities involved and the resulting situation. For further information, the original notification can be accessed through the provided link.
For more details, please click here (https://www.ocadogroup.com/investors/regulatory-news/).