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LONDON - Dowgate Group Limited has decreased its stake in Xeros Technology Group PLC (LSE:XGP) to 11.87% of voting rights, according to a regulatory filing published Friday.
The London-based investment firm now holds 61,790,277 voting rights in the company, down from its previous position of 13.16%. The threshold was crossed on September 10, with the notification submitted to the issuer on September 12.
The shares are held indirectly through Bank of New York Mellon on behalf of Dowgate Wealth Limited under discretionary management. The filing indicates that the change resulted from an acquisition or disposal of voting rights.
According to the standard TR-1 form for notification of major holdings, Dowgate Group Limited does not hold any additional voting rights through financial instruments. The notification was completed in the UK in compliance with Financial Conduct Authority requirements.
Xeros Technology Group, listed on the London Stock Exchange, made the announcement via a Regulatory News Service (RNS) statement.
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