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LONDON - Spreadex LTD, a UK-based financial trading company, has altered its holdings in Xeros Technology Group PLC, according to a regulatory filing with the London Stock Exchange (LON:LSEG) on February 12, 2025.
The notification, which follows standard form TR-1 for the disclosure of significant shareholdings, indicates that Spreadex crossed a threshold in its ownership of Xeros Technology Group on February 11, 2025. This adjustment resulted in Spreadex holding 5.967% of voting rights attached to shares and 1.5253% through financial instruments, totaling a combined 7.4923% of voting rights in the company. The total number of voting rights now held by Spreadex in Xeros Technology Group amounts to 39,011,656.
Previously, Spreadex had reported a slightly higher interest in Xeros Technology Group, with a previous notification showing 6.3991% of direct voting rights and 1.9826% through financial instruments, totaling 8.3817%.
The change in Spreadex’s holdings is a result of transactions involving contracts for difference (CFDs) and spread bets, which are financial instruments allowing investors to speculate on the price movement of assets without owning the underlying securities.
Xeros Technology Group PLC, listed on the London Stock Exchange with the ISIN GB00BMGYBJ57, is a UK-based company. The firm is known for its innovation in technologies aimed at transforming traditional industries with sustainable solutions.
The notification of major holdings is a requirement for investors reaching, exceeding or falling below certain thresholds of share ownership and voting rights, as stipulated by market regulations. It serves as a transparency measure to inform the market and other investors about significant changes in share ownership.
This adjustment in holdings by Spreadex is based on a press release statement and is part of the company’s regular disclosure obligations. Spreadex, founded in 1999, is regulated by the Financial Conduct Authority (FCA) and offers spread betting and CFD trading across a range of global markets.
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