Dowgate Group Increases Stake in Light Science Technologies
Why we think this is neutral
The RNS announcement is a routine regulatory disclosure of a change in shareholding, with no additional context or information provided about the reasons behind Dowgate Group's increased stake. Without further details on the company's performance or the strategic rationale, the news is considered neutral and unlikely to have a significant impact on the share price.
Key Points
- Dowgate Group Limited has increased its shareholding in Light Science Technologies Holdings Plc to 7.11%
- The shares are held indirectly through two of Dowgate Group's subsidiaries
- The threshold was crossed on 6th February 2025 and the issuer was notified on 7th February 2025
Summary
Light Science Technologies Holdings Plc has announced that Dowgate Group Limited has increased its shareholding in the company to 7.11%, or 23,690,000 shares. The shares are held indirectly through two of Dowgate Group's subsidiaries. The threshold was crossed on 6th February 2025, and the issuer was notified on 7th February 2025. No further details or context were provided in the RNS announcement.