LONDON - Dowgate Group Limited, an investment firm based in London, has significantly increased its holdings in Xeros Technology Group PLC, a company known for its innovative water-saving technologies. On Wednesday, Dowgate Capital Limited, a controlled undertaking of Dowgate Group, crossed a notable threshold by acquiring additional voting rights in Xeros Technology.
As of January 8, 2025, Dowgate Capital Limited reported a resulting situation of 10.25% of voting rights attached to shares in Xeros Technology, a substantial increase from their previous notification of 5.42%. The total number of voting rights now held by Dowgate Capital Limited in the issuer amounts to 53,369,719.
The notification of this change in holdings was officially made to Xeros Technology on Thursday, January 9, 2025. The acquisition of these voting rights by Dowgate Capital Limited has been made through direct share purchases, as indicated by the notification, which did not report any voting rights through financial instruments.
Xeros Technology Group PLC, which is traded under the ISIN code GB00BMGYBJ57, is a UK-based company that has garnered attention for its development of polymer technologies aimed at transforming water-intensive industrial and commercial processes.
The disclosure of this significant increase in shareholding by Dowgate Group Limited is in accordance with the Transparency Directive's regulatory framework, which requires timely notification of major holdings in listed companies. This development could be of interest to investors and market watchers monitoring the movements of significant shareholders within publicly traded companies.
This information is based on a press release statement and is provided by RNS, the news service of the London Stock Exchange (LON:LSEG).
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