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LONDON - Spreadex Ltd has decreased its holdings in Xeros Technology Group plc (LSE:XGT) to 5.83% of voting rights, according to a regulatory filing released Monday.
The St. Albans-based financial services firm now holds 3.30% of voting rights attached to shares and 2.52% through financial instruments, primarily CFDs and spread bets. This represents a total of 30,386,656 voting rights in the UK-based technology company.
The reduction marks a decrease from Spreadex’s previous position of 6.98%, which consisted of 4.31% in direct voting rights and 2.67% through financial instruments.
The threshold change occurred on July 4, with the notification submitted to Xeros Technology Group on July 7, as required by UK regulatory standards.
Spreadex directly holds 17,219,493 voting rights attached to shares, while its financial instruments account for potential access to an additional 13,167,163 voting rights.
The regulatory filing indicates that Spreadex is not controlled by any natural person or legal entity and does not control any other undertaking holding an interest in Xeros Technology Group.
This information was disclosed through a TR-1 standard form for notification of major holdings, a regulatory requirement for significant shareholders in UK-listed companies.
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