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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). As of February 12, 2025, Spreadex’s total voting rights in the water-saving technology firm have decreased, crossing a notable threshold that prompts mandatory disclosure.
The St. Albans-headquartered firm now holds 5.3909% of the voting rights attached to shares and 1.3525% through financial instruments, primarily contracts for difference (CFDs) and spread bets, totaling 6.7434%. This change represents a reduction from the previous notification, where Spreadex had 7.4923% combined voting rights in Xeros Technology Group.
The adjustment brings Spreadex’s total number of voting rights in the company to 35,111,656. This shift occurred on February 12, with the company being notified the following day. The filing did not disclose the reasons behind the change in Spreadex’s position, nor did it suggest any specific strategy or future plans regarding its stake in Xeros Technology Group.
Spreadex, established in 1999, is known for providing spread betting and CFD trading services, regulated by the Financial Conduct Authority (FCA) in the UK. The company offers a platform for trading across various global markets, including UK small caps, which Xeros Technology Group falls under.
The details of the revised stake were made public through the Standard form for notification of major holdings (TR-1), a document required for transparency in the investment community. This form is a common means for investors to stay informed about significant changes in company ownership.
This information is based on a press release statement, which serves as a primary source for the facts presented. It is important for investors to note such changes in ownership, as they can have implications for company governance and market perceptions. Spreadex’s updated position in Xeros Technology Group is now a matter of public record, providing transparency to the market and stakeholders.
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