Bond.az reports that Capital Group Companies, Inc. has crossed the 5% ownership threshold in Funding Circle Holdings plc (LSE:FCH) on May 12, according to a regulatory filing.
The Los Angeles-based investment firm now holds 15,125,718 voting rights, representing 5.077% of the UK-based company's shares. The notification was filed with Funding Circle on Tuesday.
Capital Group holds the shares indirectly through Capital Research and Management Company, its U.S.-based investment management subsidiary. The voting rights are attached to common stock with ISIN GB00BG0TPX62.
The filing indicates Capital Group holds no voting rights through financial instruments. The previous notification position was not disclosed.
Capital Research and Management Company serves as investment manager to the American Funds family of mutual funds and other investment vehicles. The firm manages equity assets through three divisions: Capital Research Global Investors, Capital International Investors and Capital World Investors.
According to the filing, neither Capital Group nor its affiliates own shares of Funding Circle for their own accounts. The shares are owned by accounts under the discretionary investment management of one or more of the company's investment management subsidiaries.
This information is based on a press release filed through the regulatory news service.
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