First Equity reduces stake in Xeros Technology Group

Published 01/05/2025, 16:38
First Equity reduces stake in Xeros Technology Group

LONDON - First Equity Limited has reported a change in their holding of Xeros Technology Group plc, a UK-based company with the ISIN code GB00BMGYBJ57. On Monday, the investment firm’s voting rights in Xeros Technology fell below the previous notification threshold.

The notification, dated May 01, 2025, indicates that First Equity’s stake in the company decreased to 3.946713% on April 30, 2025, down from the previous holding of 4.714930%. This change represents a total of 20,550,000 voting rights within the company.

The press release did not disclose the specific reasons behind the disposal of voting rights by First Equity Limited. However, it is clear from the notification that the voting rights are directly held by the firm, with no financial instruments reported as being involved in the acquisition or disposal of these rights.

The ultimate controlling party for these transactions was identified as the Estate of William Black, with Armstrong Investments Limited also being part of the chain of controlled undertakings through which voting rights are effectively held.

This adjustment in First Equity’s holdings was confirmed to have crossed the notification threshold on the last day of April, with the company being notified on the following day.

The information provided in this article is based on a press release statement from First Equity Limited and is intended to inform stakeholders and the market about the latest movements in the shareholding of Xeros Technology Group plc. It is important to note that the details reported are factual and do not imply any endorsement or prediction regarding the future performance of the company or its shares.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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