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LONDON - Dowgate Group Limited has reduced its stake in Xeros Technology Group PLC (LSE:XGP) to 6.34% from 10.83%, according to a regulatory filing released Tuesday.
The change in ownership was reported in a TR-1 standard form for notification of major holdings. The threshold was crossed on Monday, with Xeros Technology being notified on Tuesday.
The filing shows Dowgate now holds 54,680,385 voting rights in Xeros Technology, all through direct ownership. The stake is held through Dowgate Wealth Limited, with Bank of New York Mellon acting as custodian.
No financial instruments or derivatives were reported as part of the holding.
Xeros Technology Group, listed on the London Stock Exchange, develops and commercializes polymer-based technologies. The company uses the ISIN code GB00BMGYBJ57 for its shares.
The notification was made in accordance with UK regulatory requirements that mandate disclosure when significant changes occur in ownership stakes of publicly traded companies.
The information was disclosed through a regulatory news service filing from Xeros Technology Group based on information provided by Dowgate Group.
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