REG - Xeros Tech Grp plc - Additional Subscription Shares Timetable

Xeros TechnologyAnnouncement

04/07/2024 12:00

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RNS Number : 0457V  Xeros Technology Group plc  04 July 2024

4 July 2024

Xeros Technology Group plc

 

("Xeros", the "Company" or the "Group")

 

Additional Subscription Shares Timetable

 

 

Xeros Technology Group plc (AIM: XSG), the creator of technologies that reduce
the impact of clothing on the planet, confirms that further to the
announcement regarding additional subscription shares made on 20 June 2024,
today marks the end of the first allotment period.

 

As noted in the previous announcement, the Company will allot the new Ordinary
Shares pursuant to valid exercises received every two weeks ("Allotment
Period"). In order for exercises to be included in any given Allotment Period,
they should be completed and with the Company such that they are received by
no later than 12 noon on the second Thursday of that Allotment Period. If they
are received after this time they will be included in the following Allotment
Period. Holders will be notified if this is the case. The first Allotment
Period has just closed and ran from 20 June 2024 until 4 July 2024. A
timetable of all future Allotment Period closing dates is included below.

 

 Allotment Period closing dates
 04/07/2024  24/10/2024
 18/07/2024  07/11/2024
 01/08/2024  21/11/2024
 15/08/2024  05/12/2024
 29/08/2024  19/12/2024
 12/09/2024  02/01/2025
 26/09/2024  16/01/2025
 10/10/2024  31/01/2025

 

The Company does not intend to make an announcement at the end of an Allotment
Period where no exercises were made. The above timetable should therefore be
referenced by holders of Additional Subscription Shares going forward.

Settlement of valid exercise notices for each Allotment Period will take place
as follows:

a)            Trade Time and Date: 0800 on the next following
Monday (after the end of the relevant Allotment Period (or next following
business day if such day is a Bank Holiday);

b)            Settlement Date: 2 business days after the Trade Date
determined, as per a) above.

 

Enquiries

 

 Xeros Technology Group plc                                        Tel: 0114 269 9656

 Neil Austin, Chief Executive Officer

 Alex Tristram, Finance Director

 Cavendish Capital Markets Limited (Nominated Adviser and Broker)  Tel: 020 7220 0500

 Julian Blunt/Teddy Whiley, Corporate Finance

 Andrew Burdis/Sunila de Silva, ECM

 Belvedere Communications                                          xeros@belvederepr.com (mailto:xeros@belvederepr.com)

 Cat Valentine                                                     Mob: 07715 769 078

 Keeley Clarke                                                     Mob: 07967 816 525

 

About Xeros

 

Xeros Technology plc has developed patented and proven, industry-leading
technologies which reduce the environmental impact of how industries make and
care for clothes.

 

The traditional wet processing methods used in industrial and domestic laundry
and garment manufacturing consume billions of litres of fresh water and large
amounts of energy and chemicals, as well as damaging and weakening clothing
fibres and creating rising levels of environmental pollution. It is estimated
that washing machines contribute 35% of the 171 trillion microplastic
particles in the ocean.

 

A range of actors, including consumers, the media NGOs and regulators are
exerting pressure on these industries, with legislative action beginning to be
taken.

 

Xeros' three main technologies, Filtration, Finish, and Care, facilitate
garment manufacturers, industrial laundries, domestic washing machine
manufacturers and consumers, to reduce their environmental impact, whilst also
significantly improving efficiency in the process.

 

Xeros' model is to generate revenue from licensing its technologies,
generating royalties and the sale of consumables. Currently there are 8
agreements in place. The addressable markets in Filtration, Finish and Care
are estimated to be valued at £350m p.a., £132m p.a. and £3bn p.a.
respectively.

 

 

 

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