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LONDON - Xeros Technology Group PLC (LSE:XSG), a UK-based company specializing in water-saving technologies, has experienced a notable change in its shareholder structure. First Equity Limited, a London-based investment firm, has reported an acquisition or disposal of voting rights, crossing a significant threshold on Thursday, February 6, 2025.
The notification, which the company received on Friday, February 7, 2025, indicates that First Equity Limited now holds a total of 46,500,000 voting rights in Xeros Technology Group PLC, which corresponds to 8.930519% of the total voting shares. This marks a decrease from the previous notification, where the percentage of voting rights stood at 9.660325%.
The voting rights are directly associated with the shares of the class with the ISIN code GB00BMGYBJ57. There are no voting rights through financial instruments reported, thus the total percentage of voting rights is solely through share ownership.
It should be noted that the ultimate controlling person behind the change is the Estate of William Black, which controls Armstrong Investments Limited based in the Isle of Man, and First Equity Limited as the Investment Manager of Armstrong Investments Limited.
This reshuffling of major holdings may catch the attention of investors, as changes in significant share ownership can sometimes reflect shifts in a company’s strategic direction or investor sentiment. However, the press release did not provide additional details regarding the intentions behind First Equity Limited’s change in holdings.
The London Stock Exchange (LON:LSEG)’s news service RNS, which is approved by the Financial Conduct Authority, provided this information. The change in shareholder structure is an important disclosure for the market as it may influence investor decisions and market perceptions of Xeros Technology Group PLC.
This article is based on a press release statement and does not contain any promotional content or subjective assessment. It aims to provide an unbiased report of the facts regarding the change in significant holdings of Xeros Technology Group PLC.
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