Bubble or no bubble, this is the best stock for AI exposure: analyst
LONDON - First Equity Limited has reduced its stake in Xeros Technology Group PLC (LSE:XGP) to 2.82% of voting rights, according to a regulatory filing published Thursday.
The notification shows that First Equity, acting as investment manager for Armstrong Investments Limited, now holds 14,700,000 voting rights in the company, down from a previous position of 3.45%.
The threshold was crossed on October 8, with the company notified on October 9, according to the TR-1 standard form for notification of major holdings.
The shares are held through Nortrust Nominees Limited, with Armstrong Investments Limited being ultimately controlled by the Estate of William Black.
The filing indicates that First Equity holds no voting rights through financial instruments, with all its stake consisting of direct voting rights attached to shares.
Xeros Technology Group, listed on the London Stock Exchange, is required to disclose such changes in major shareholdings under UK financial regulations. The information was provided in a regulatory news service announcement from the London Stock Exchange.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.