REG - Xeros Tech Grp plc - Director/PDMR Shareholding

Xeros TechnologyAnnouncement

18/01/2024 07:00

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RNS Number : 0707A  Xeros Technology Group plc  18 January 2024

18 January 2024

 

Xeros Technology Group plc

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

 

Director/PDMR Shareholding

 

Xeros Technology Group plc (AIM: XSG), the creator of technologies that reduce
the impact of clothing on the planet, announces that Klaas de Boer, Chairman
of the Company, has exercised 2,400,000 warrants at an exercise price of 2.85
pence each in exchange for the same number of ordinary shares of 0.1 pence
each (the "Warrants" and the "Ordinary Shares"). The Warrants detailed above
represent all warrants issued to Mr de Boer in October 2022 as part of the
fundraise undertaken by the Company at that time.

 

Following the exercise of the Warrants above, Mr de Boer will be interested in
5,050,000 Ordinary Shares, representing 3.29 per cent. of the Company's issued
share capital. Should all outstanding warrants be exercised, Mr de Boer would
be interested in 1.82% of the Company's issued share capital.

 

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 0570

 Julian Blunt/Teddy Whiley, Corporate Finance

 Andrew Burdis/Sunila de Silva, ECM

 Belvedere PR                                                      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.

 

 

 1     Details of the person discharging managerial responsibilities / person closely
       associated
 a)    Name                                                         Mr Klaas de Boer
 2     Reason for the notification - Exercise of Warrants
 a)    Position/status                                              Chairman
 b)    Initial notification /Amendment                              Initial Notification
 3     Details of the issuer, emission allowance market participant, auction
       platform, auctioneer or auction monitor
 a)    Name                                                         Xeros Technology Group Plc
 b)    LEI                                                          2138009F3U39GVY7DG06
 4     Details of the transaction(s): section to be repeated for (i) each type of
       instrument; (ii) each type of transaction; (iii) each date; and (iv) each
       place where transactions have been conducted
 a)    Description of the financial instrument, type of instrument  Warrants over Ordinary Shares of 0.1p each exercisable at 2.85p per Ordinary

                                                            Share
        Identification code

                                                                    n/a
 b)    Nature of the transaction                                    Exercise of Warrants
 c)    Price(s) and volume(s)                                       Price(s)  Volume(s)

                                                                    2.85p     2,400,000
 d)    Aggregated information

        - Aggregated volume                                         As in c) above

        - Price                                                     As in c) above
 e)    Date of the transaction                                      17 January 2024
 f)    Place of the transaction                                     Off market transaction

d)

Aggregated information

 - Aggregated volume

 - Price

 

As in c) above

As in c) above

e)

Date of the transaction

17 January 2024

f)

Place of the transaction

Off market transaction

 

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