REG - Xeros Tech Grp plc - Director/PDMR Transactions, Issue of Options

Xeros TechnologyAnnouncement

08/02/2022 13:05

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RNS Number : 0579B  Xeros Technology Group plc  08 February 2022

8(th) February 2022

Xeros Technology Group plc

Director/PDMR Transactions, Issue of Options

The Remuneration Committee has today granted the following new options over
Ordinary Shares to Mark Nichols and Paul Denney under the terms of the Xeros
Technology Group plc 2020 Share Option Scheme:

               Options over Ordinary Shares
 Mark Nichols  70,000
 Paul Denney   56,000

All the options are granted as Unapproved share options.

These new options will be exercisable at a price of 93.5p in tranches of one
third each from the beginning of each of 2023, 2024 and 2025.  The exercise
price is fixed by reference to the closing Xeros share price on December 31,
2021, reflecting the position at the end of the financial period to which the
option awards pertain.

 Enquiries:

 Xeros Technology Group plc                        Tel: 0114 321 6328

 Mark Nichols, Chief Executive Officer

 Paul Denney, Chief Financial Officer

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

 Julian Blunt / Teddy Whiley, Corporate Finance

 Andrew Burdis / Sunila de Silva

 

Notes to Editors

With close to 40 patent families, Xeros' revolutionary platform technologies,
XTend™ and XFiltra™ set new standards for performance and sustainability
across our clothing's lifecycle. By reducing the consumption of valuable
natural resources and preventing microfibre and microplastic pollution,
Xeros greatly reduces the impact of our clothes on the planet.

Backed by science, we set new standards for significantly reduced water
consumption, lower carbon and effluent emissions, and improved garment
care/life at the manufacturing stage and throughout laundry processes, in
industry, and in the home. Xeros' technologies deliver a unique combination
of unbeatable sustainability outcomes, improving performance whilst reducing
costs.

The manufacture of clothes and their subsequent care consumes vast amounts of
our finite, valuable resources. Xeros licenses new technologies to enable us
all to consume less, helping to protect the world for our future.

For more information, please visit - http://www.xerostech.com/
(http://www.xerostech.com/)

 

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Mr Mark Nichols

 2    Reason for the notification

 a)   Position/status                                              Chief Executive Officer

 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  Options over Ordinary shares of £0.15 each under terms of the Xeros

                                                            Technology Group plc 2020 Share Option Scheme
       Identification code

                                                                   n/a
 b)   Nature of the transaction                                    Grant of options.

 c)   Price(s) and volume(s)

Price(s)  Volume(s)

                                                                   n/a       70,000

 

 d)   Aggregated information

       - Aggregated volume                                         As in c) above

       - Price                                                     n/a

 e)   Date of the transaction                                      8th February 2022

 f)   Place of the transaction                                     Sheffield

 

 

d)

 

Aggregated information

 - Aggregated volume

 - Price

 

 

As in c) above

n/a

e)

 

Date of the transaction

8th February 2022

f)

 

Place of the transaction

Sheffield

 

 

 

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Mr Paul Denney

 2    Reason for the notification

 a)   Position/status                                              Chief Financial Officer

 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  Options over Ordinary shares of £0.15 each under terms of the Xeros

                                                            Technology Group plc 2020 Share Option Scheme
       Identification code

                                                                   n/a
 b)   Nature of the transaction                                    Grant of options

 c)   Price(s) and volume(s)

Price(s)  Volume(s)

                                                                   n/a       56,000

 
 d)   Aggregated information

       - Aggregated volume                                         As in c) above

      - Price                                                      n/a

 e)   Date of the transaction                                      8th February 2022

 f)   Place of the transaction                                     Sheffield

 

d)

 

Aggregated information

 - Aggregated volume

- Price

 

 

As in c) above

n/a

e)

 

Date of the transaction

 

8th February 2022

f)

 

Place of the transaction

Sheffield

 

 

 

 

 

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