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LONDON - Maven Capital Partners UK LLP has reduced its stake in Xeros Technology Group PLC (LSE:XGT) to 6.40% of voting rights, according to a regulatory filing released Tuesday.
The Glasgow-based investment firm now holds 55,166,666 voting rights in the company, down from its previous position of 10.87%, representing 56,666,666 voting rights. The threshold was crossed on Monday, according to the TR-1 standard form notification submitted to the London Stock Exchange.
The change represents a reduction of approximately 1.5 million shares in Maven’s holdings of the UK-based technology company. The notification indicates that Maven Capital Partners holds these voting rights indirectly through Maven Renovar VCT PLC, which is registered in London.
The filing shows that Maven Capital Partners holds only ordinary shares in Xeros Technology Group and does not have any additional voting rights through financial instruments. The notification also confirms that Maven is not controlled by any natural person or legal entity and does not control any other undertaking holding an interest in Xeros Technology.
The disclosure was made in accordance with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules, which require shareholders to notify companies when their voting rights cross certain thresholds.
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