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LONDON - Xeros Technology Group PLC (LSE:XSG), a UK-based company, reported a significant change in its shareholder structure on Thursday. First Equity Limited, an investment firm with its registered office in London, has adjusted its voting rights in the company.
On February 12, 2025, First Equity Limited’s stake in Xeros Technology crossed a threshold, resulting in a decrease in their total voting rights from 8.93% to 5.24%. This change was officially notified to the company on February 13, 2025.
The notification detailed that First Equity Limited now directly holds 27,300,000 voting rights, which corresponds to 5.24% of Xeros Technology’s total voting rights. There were no financial instruments listed that would provide additional voting rights, indicating that the entire stake is held through direct share ownership.
The press release also disclosed the chain of control for these voting rights, showing that the Estate of William Black, through Armstrong Investments Limited and First Equity Limited as Investment Manager of Armstrong Investments Limited, is the ultimate controlling party behind the notified stake.
This adjustment in shareholding does not involve any proxy voting rights or additional information that would further explain the circumstances behind the change in ownership percentage.
The London Stock Exchange (LON:LSEG)’s news service RNS, which is authorized by the Financial Conduct Authority in the UK, provided this information. This statement is based on a press release by Xeros Technology Group PLC and does not include any subjective assertions or forward-looking statements.
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