Cairn Homes Plc: Capital Group Reduces Stake

Cairn Homes Plc recently announced that The Capital Group Companies, Inc. has reduced its voting rights in the company. As of December 2, 2024, Capital Group's stake fell below the 4% threshold, now holding 3.84% of the voting rights. This change was acknowledged by the company on December 3, 2024.

The decrease was noted across two entities: The Capital Group Companies, Inc. and its affiliate, Capital Research and Management Company, both falling below 4%. This reduction reflects a shift from their previous position of 4.99%.

This adjustment in shareholding impacts a total of 23,951,430 voting rights associated with Cairn Homes PLC's shares. The move highlights a re-evaluation of stakes by Capital Group, a significant player in investment management.