LONDON - Dowgate Capital Limited has raised its shareholding in Xeros Technology Group plc (LSE:XSG), a UK-based company, crossing a significant threshold on January 13, 2025, as per a regulatory filing. The transaction resulted in Dowgate Capital Limited holding 11.42% of the voting rights in Xeros Technology Group, an increase from the previous notification of 10.25%.
The notification, following standard form TR-1, indicates that the London-based Dowgate Group Limited, through its discretionary arm, now directly controls 59,469,719 voting rights in the company. This change in shareholding was officially notified to Xeros Technology Group on January 15, 2025.
Xeros Technology Group, listed on the London Stock Exchange (LON:LSEG) with the ticker LSE:XSG, specializes in technologies aimed at transforming water-intensive industrial and commercial processes. The company has a history of innovation in water-saving technologies, which are becoming increasingly important as industries and economies look to reduce water usage amidst global sustainability efforts.
The disclosure of this change in significant shareholding is a regulatory requirement and serves as an important update for investors and the market, reflecting shifts in ownership that could potentially influence company decision-making and strategy.
The information in this article is based on a press release statement, ensuring an accurate representation of the details without additional commentary or speculation. As per market regulations, Dowgate Group Limited has fulfilled its obligation to report the acquisition of shares that resulted in its voting rights in Xeros Technology Group crossing the notifiable threshold.
Investors in Xeros Technology Group and market observers often monitor such disclosures to gauge the confidence and strategic moves of major shareholders, as changes in significant holdings can have implications for corporate governance and investor relations.
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