Legal & General Cuts Xaar Stake To Under 5%; FIL Takes 5% Xaar Stake

Tue, 08th Oct 2019 15:40

(Alliance News) - Xaar PLC on Tuesday said Legal & General Group PLC held a less than 5% stake in the inkjet printheads firm after a deal on Thursday last week.

Previous to the transaction, Legal & General held a 5.10% stake in Xaar.

FIL Ltd, meanwhile, held a 5.08% Xaar stake - 4.0 million shares - after a deal on Monday this week. Any previous stake was not disclosed.

Shares in Xaar were up 1.8% at 46.00 pence in London on Tuesday afternoon.

By Anna Farley; annafarley@alliancenews.com

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