LONDON - The Capital Group Companies, Inc., a prominent investment management firm based in Los Angeles, has reduced its shareholding in UK-based Fevertree Drinks PLC (LON:FEVR), as per the latest regulatory filing. The transaction, which took place on November 28, 2024, brought Capital Group's voting rights in the premium mixer company below the previous threshold of 5%.
The notification, following the requirement of the TR-1 standard form for major holdings, indicates that Capital Group now holds 4.813169% of the voting rights, a decrease from their prior reported stake of 5.02%. This change in shareholding translates to a total of 5,618,733 voting rights in Fevertree Drinks PLC, which is known for its high-end tonic waters and other mixers.
The Capital Group Companies, through its investment management divisions, manages the shares on behalf of its clients rather than for its own account. The shares in question are managed by various entities within the group, including Capital Research and Management Company and its affiliates, which are responsible for investment decisions for the American Funds family of mutual funds, among others.
This adjustment in ownership comes as part of the routine investment activities of Capital Group. The company's investment management services cater to a range of clients, from institutional to high net worth individuals, through a global network of affiliated management companies.
Fevertree Drinks PLC, which has a portfolio of premium mixers, has seen varying levels of investment interest from institutional investors and asset managers. As a publicly traded company on the London Stock Exchange (LON:LSEG), Fevertree is subject to the UK's stringent disclosure requirements for listed companies, ensuring transparency in the market.
The report of this transaction was completed on November 29, 2024, in Los Angeles. As per the regulatory framework, such disclosures are essential for maintaining market integrity and providing investors with relevant information regarding significant changes in company ownership.
This news is based on a press release statement and reflects the latest developments in the shareholding structure of Fevertree Drinks PLC, offering investors and the market an updated view of the company's major holdings.
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