REG - Xeros Tech Grp plc - Capital Reorganisation

Xeros TechnologyAnnouncement

20/10/2022 15:15

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RNS Number : 6069D  Xeros Technology Group plc  20 October 2022

For immediate release

Xeros Technology Group plc

 

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

 

Capital Reorganisation

Further to the announcement made earlier today confirming that all Resolutions
proposed at the General Meeting were duly passed by shareholders, the Company
confirms that the Capital Reorganisation to sub-divide the existing Ordinary
Shares of 15 pence each into ordinary shares of 0.1 pence each and deferred
shares of 14.9 pence each will occur alongside Admission of the New Ordinary
Shares tomorrow, 21 October 2022.

This announcement should be read in conjunction with the full text of the
Circular issued on 3 October 2022. All capitalised/defined terms used in this
announcement and not otherwise defined shall have the meanings given to them
in the Circular.

 

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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