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LONDON - Dowgate Group Limited has increased its stake in Xeros Technology Group PLC (LSE:XGT) to 13.2% of voting rights, according to a regulatory filing released Monday.
The London-based investment firm now holds 68,736,719 voting rights in Xeros Technology, crossing the notification threshold on September 12. This represents an increase from its previous position of 11.87%.
The notification, made through a TR-1 form submitted to the London Stock Exchange, indicates that Dowgate Wealth Limited, a controlled undertaking of Dowgate Group Limited, holds the voting rights. The shares are held through Bank of New York Mellon on behalf of Dowgate Wealth Limited on a discretionary basis.
The filing shows that Dowgate Group does not hold any additional voting rights through financial instruments.
Xeros Technology Group, a UK-based company, develops and commercializes polymer technologies for various industrial applications. The company trades on the London Stock Exchange under the ISIN code GB00BMGYBJ57.
The information was disclosed in accordance with the transparency requirements for major shareholdings as required by UK financial regulations, based on a press release statement.
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