Woodford Investment Management Cuts Xeros Stake From 13% To Below 5%

Fri, 22nd Nov 2019 17:26

(Alliance News) - Xeros Technology Group PLC said Woodford Investment Management Ltd has a less than 5% stake in the company, down from 13.4%, following a transaction on Thursday.

As recently as July, the troubled investment firm set up by fallen-star stock picker Neil Woodford had held a 40% stake in Xeros, which provides water-saving technology.

Xeros closed down 9.2% on Friday in London at 1.40 pence.

By Tom Waite; thomaslwaite@alliancenews.com

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