LONDON - Xeros Technology Group PLC (LSE:XSG), a UK-based company, reported a change in its major shareholdings on Monday, November 25, 2024. According to the notification received by the company, First Equity Limited has crossed the threshold of voting rights, resulting in a change in their total holdings.
The notification, complying with the Transparency Directive's regulatory technical standards, indicated that First Equity Limited, an investment firm with its registered office in London, now holds 10.140460% of the voting rights in Xeros Technology Group PLC. This change occurred on November 25, 2024, and the company was notified on the same day.
The total number of voting rights held by First Equity Limited in Xeros Technology is 52,800,000 shares. There was no indication of any voting rights held through financial instruments, suggesting that the change in shareholding is a direct acquisition.
The press release also detailed the chain of control for the voting rights, which are ultimately controlled by William Black through Armstrong Investments Limited, based in the Isle of Man. First Equity Limited serves as the Investment Manager for Armstrong Investments Limited.
Xeros Technology Group PLC has not disclosed any additional information regarding the implications of this shift in shareholding. However, such changes in major holdings can often influence a company's strategic decisions and are closely watched by investors for potential impacts on corporate governance and future company direction.
The London Stock Exchange (LON:LSEG)'s RNS, which is authorized by the Financial Conduct Authority in the UK, provided the information based on a press release statement from Xeros Technology Group PLC. The company's stock is publicly traded on the London Stock Exchange under the ticker symbol LSE:XSG.
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