REG - Xeros Tech Grp plc - Application for Block Listing

Xeros TechnologyAnnouncement

17/01/2022 10:20

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RNS Number : 6607Y  Xeros Technology Group plc  17 January 2022

 

 

17 January 2022

 

Xeros Technology Group plc

 

 

Application for Block Listing

 

 

Application has been made to the London Stock Exchange for a block listing
totalling 120,000 new ordinary shares of 15p each in the capital of the
Company ("New Ordinary Shares"). These New Ordinary Shares are being reserved
under a block admission and may be issued in order to satisfy existing and
future awards of ordinary shares ("Ordinary Shares") under the Company's
existing Enterprise Management Incentive Scheme ("EMI") Share Option Scheme
and Unapproved Share Option Scheme ("USOS").

The shares will be issued fully paid and will, upon issue, rank pari passu in
all respects with the Company's existing issued Ordinary Shares. It is
expected that admission will be effective for the New Ordinary Shares on 21
January 2022.

The Company will announce the number of Ordinary Shares granted and admitted
to trading under the Block Admission every 6 months, as required by the UK
Listing Rules.

 

 

Enquiries:

 

 Xeros Technology Group plc                       Tel: 0114 321 6328

 Mark Nichols, Chief Executive Officer

 Paul Denney, Chief Financial Officer

 finnCap Limited (Nominated Adviser and Broker)   Tel: 020 7220 0570

 Julian Blunt/Teddy Whiley, Corporate Finance

 Andrew Burdis/Sunila de Silva, ECM

Notes to Editors

 

With close to 40 patent families, Xeros' revolutionary platform technologies,
XTend™ and XFiltra™, set new standards for performance and
sustainability across our clothing's lifecycle. By reducing the consumption of
valuable natural resources and preventing microfibre and
microplastic pollution, Xeros greatly reduces the impact of our clothes on
the planet.

Backed by science, we set new standards for significantly reduced water
consumption, lower carbon and effluent emissions, and improved garment
care/life at the manufacturing stage and throughout laundry processes, in
industry, and in the home. Xeros' technologies deliver a unique combination
of unbeatable sustainability outcomes, improving performance whilst reducing
costs.

The manufacture of clothes and their subsequent care consumes vast amounts of
our finite, valuable resources. Xeros licenses new technologies to enable us
all to consume less, helping to protect the world for our future.

For more information, please visit - http://www.xerostech.com/
(http://www.xerostech.com/)

 

 

 

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