Xeros Technology Group sees shift in major holdings

LONDON - Xeros Technology Group PLC (LSE:XSG), a UK-based company, has experienced a notable change in its shareholder structure, as detailed in a recent regulatory filing. First Equity Limited, an investment management firm, has adjusted its stake in the innovative technology company.

On February 14, 2025, First Equity Limited reported a decrease in their voting rights within Xeros Technology Group, crossing below the previous threshold. The firm now holds 4.714930% of the voting rights, amounting to 24,550,000 shares. This represents a reduction from their prior notification, where they held 5.243079% of the voting rights.

The notification, completed on February 17, 2025, in London, was triggered by an acquisition or disposal of voting rights. The details indicate that the shares are directly held by First Equity Limited, with no voting rights through financial instruments reported.

The chain of control for these voting rights is traced back to the Estate of William Black, which is connected to Armstrong Investments Limited. The latter is managed by First Equity Limited, which acts as the investment manager for Armstrong Investments Limited. This structure is indicative of the interconnected nature of investment management and ownership within publicly traded companies.

This shift in share ownership comes at a time when Xeros Technology Group continues to make waves with its water-saving and environmentally friendly technologies. While the reasons behind the change in First Equity Limited's position are not disclosed, such movements can often reflect strategic investment decisions based on a variety of factors including company performance, market outlook, and portfolio rebalancing.

Investors and market watchers often monitor changes in major holdings for indications of investor sentiment and potential shifts in corporate influence. The adjustment in voting rights for Xeros Technology Group by First Equity Limited is a matter of public record, as mandated by financial regulations, ensuring transparency in the market.

This information is based on a press release statement and is intended to provide investors and the public with important regulatory updates regarding share ownership and voting rights within Xeros Technology Group PLC.

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