REG - Xeros Tech Grp plc - Director/PDMR Shareholding

Xeros TechnologyAnnouncement

11/02/2025 15:00

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RNS Number : 7308W  Xeros Technology Group plc  11 February 2025

11 February 2025

Xeros Technology Group plc

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

 

Director/PDMR Shareholding

 

Xeros Technology Group plc (AIM: XSG), has been notified today that Klaas de
Boer, Non-executive director, purchased 3,000,000 ordinary shares of 0.1p each
("Ordinary Shares") at a price of 0.82p per share, increasing his beneficial
holding to 11,383,333 Ordinary Shares.

 

Further information is provided below in accordance with Article 19(3) of
the UK Market Abuse Regulation No 596/2014:

 

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                    Tel: 07967 816 525

 Keeley Clarke                                    Email: Xeros@rfpr.co.uk (mailto:Xeros@rfpr.co.uk)

 Cat Valentine

 

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 eight
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                                                         Klaas de Boer
 2     Reason for the notification
 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  Ordinary Shares of 0.1p

        Identification code

                                                                    GB00BMGYBJ57
 b)    Nature of the transaction                                    Purchase of Ordinary Shares
 c)    Price(s) and volume(s)                                       Price(s)  Volume(s)

                                                                    0.82p     3,000,000
 d)    Aggregated information

        - Aggregated volume                                         See 4c) above

        - Price
 e)    Date of the transaction                                      11 February 2025
 f)    Place of the transaction                                     London Stock Exchange, AIM

d)

Aggregated information

 - Aggregated volume

 - Price

 

See 4c) above

e)

Date of the transaction

11 February 2025

f)

Place of the transaction

London Stock Exchange, AIM

 

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