REG - Xeros Tech Grp plc - Block Admission Application

Xeros TechnologyAnnouncement

20/10/2022 11:15

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RNS Number : 5684D  Xeros Technology Group plc  20 October 2022

 

For immediate release

20 October 2022

Xeros Technology Group plc

 

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

 

Block Admission Application

 

Xeros Technology Group plc (AIM: XSG), the creator of technologies that reduce
the impact of clothing on the planet, announces that application has been made
to the London Stock Exchange plc for a block admission of 127,195,640 ordinary
shares in the capital of the Company ("Ordinary Shares") to be admitted to
trading on AIM ("Admission"). It is expected that Admission will occur on or
around the 21 October 2022.

 

These new Ordinary Shares shall be issued and allotted from time to time
pursuant to the exercise of warrants issued to participants in the Company's
capital fundraise, announced 30 September 2022.  The new Ordinary Shares,
when issued, shall rank equally with the Company's existing issued Ordinary
Shares. 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.

 

For further information:

 

Enquiries:

 

 Xeros Technology Group plc                                          Tel: 0114 321 6328

 Neil Austin, Chief Executive Officer

 Paul Denney, Chief Financial Officer

 finnCap Limited (Nominated Adviser & Broker)                        Tel: 020 7220 0500

 Julian Blunt / Teddy Whiley / George Dollemore, Corporate Finance

 Andrew Burdis / Sunila de Silva, ECM

 Yellow Jersey PR                                                    Tel: 020 3004 9512

 Sarah Hollins / Lilian Filips / Laurie Gellhorn

Notes for editors:

 

POWERED BY SCIENCE, XEROS CREATE TECHNOLOGIES ENGINEERED FOR THE FUTURE

 

Born out of textile research and advancing new standards of performance and
responsibility, Xeros' technologies revolutionise the way we make and clean
our clothes, conserving water and preventing waste. Designed to impact
industries and people on a global scale, Xeros transforms the performance,
impact and economics of the fashion and washing machine industry.

 

Xeros enables the scaling of its innovations and impact by licencing its
intellectual property to partners across the globe. Their work has, to date,
created 38 patent families.

 

Xeros' technologies are already in use in major global industries, including
commercial and home laundry and garment manufacture. So far, these
technologies have saved millions of litres of water and could prevent billions
of microfibres from ending in our oceans.

 

TO THE POWER OF CHANGE

 

xerostech.com (http://www.xerostech.com/)

 

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