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LONDON - Transense Technologies PLC (LSE:TRT), a UK-based technology company, has reported a significant change in its shareholder structure. On May 20, 2025, Dowgate Group Limited crossed the threshold of voting rights, resulting in a notable increase in their holding.
The notification, in accordance with the Disclosure and Transparency Rules (DTR) of the Financial Conduct Authority, revealed that Dowgate Group Limited now holds 14.052% of the voting rights in Transense Technologies. This marks an increase from their previous holding of 13.04%. The total number of voting rights associated with this position amounts to 2,138,664 shares.
This change in shareholding was triggered by transactions that occurred on May 20, 2025, and Transense Technologies was informed of the new holding the following day.
The details of the notification specify that the shares are held directly by Dowgate Group Limited. The Bank of New York Mellon (NYSE:BK) acts on behalf of SVS Dowgate Wealth UK Small Cap Fund and Onward Opportunities Limited, while Dowgate Wealth Limited holds shares both directly and through discretionary management.
The update from Transense Technologies comes as part of standard regulatory requirements and is a matter of public record. Such notifications are crucial for maintaining transparency in the market and provide investors with essential information about significant changes in company ownership.
The shift in shareholding structure is a key piece of information for investors and market analysts, reflecting changes in investor sentiment and potential influence on company decision-making. The report is based on a press release statement, which is a common source of information for the financial markets.
Transense Technologies has not provided any additional commentary on the implications of the change in shareholding. The company’s operations continue as usual, and further details regarding the impact of the new shareholding structure, if any, remain to be seen.
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