REG - Xeros Tech Grp plc - Board Change

Xeros TechnologyAnnouncement

02/02/2026 07:00

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RNS Number : 1728R  Xeros Technology Group plc  02 February 2026

2 February 2026

 

Xeros Technology Group plc

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

 

Board Change

 

Xeros Technology Group plc (AIM: XSG), the creator of technologies that reduce
the impact of clothing on the planet, announces that Rachel Nooney,
independent Non-Executive Director, has notified the Company of her intention
to step down from the Board with effect from 28 February 2026, to focus on her
other business commitments.

 

The Board would like to thank Rachel for her service to the Company.

 

Klaas de Boer, Chairman, said: "Rachel has made a very valuable contribution
to Xeros over the past four and half years, for which we are very grateful.
Her business insight, fresh perspective, and marketing expertise has supported
Xeros throughout this period of strategic growth. On behalf of the whole
company, we would like to wish her every success in her future endeavors."

 

Rachel is a member of the Remuneration Committee and the Audit Committee.

 

With two executives and two independent non-executives, the Board structure
and composition is still in line with the QCA Code of Governance. However, it
is the Board's intention to bring on a new independent Non-Executive Director
in due course.

 

Enquiries

 

 Xeros Technology Group plc             Tel: 0114 269 9656

 Neil Austin, Chief Executive Officer

 Alex Tristram, Director of Finance

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

 Julian Blunt/Teddy Whiley, Corporate Finance

 Andrew Burdis/Sunila de Silva, ECM

 Rawlings Financial PR Limited

 Keeley Clarke                          Mob: 07967 816 525

 Cat Valentine                          Email: Xeros@rfpr.co.uk

 

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, Microfibre Filter, Laundry Care, and Garment
Finishing, 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 eight
agreements in place. The addressable markets in Microfibre Filter, Laundry
Care, and Garment Finishing are estimated to be valued at £350m p.a., £3bn
p.a. and £132m p.a. respectively.

 

 

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