REG - Xeros Tech Grp plc - Director/PDMR Transactions

Xeros TechnologyAnnouncement

10/11/2022 08:30

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RNS Number : 9766F  Xeros Technology Group plc  10 November 2022

10 November 2022

Xeros Technology Group plc

 

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

 

Director/PDMR Transactions

As contemplated at the time of the fundraising announced on 30 September 2022
("Fundraising") the Remuneration Committee has today granted the following new
options over ordinary shares of 0.1p each ("Ordinary Shares") to Neil Austin,
Chief Executive Officer, and Paul Denney, Chief Financial Officer, under the
terms of the Xeros Technology Group plc 2020 Share Option Scheme.  The
exercise price is fixed at 5p per share, being the issue price of the
Fundraising:

               Options over Ordinary Shares
 Neil Austin   4,529,403

 Paul Denney   1,582,774

The options granted to Neil Austin are EMI share options and the options
granted to Paul Denney are unapproved options.  These new options will be
exercisable in tranches of one third each on the first, second and third
anniversaries of the award.

David Armfield, Non-Executive Director, subscribed for 242,857 Ordinary Shares
in the open offer linked to the Fundraising taking his aggregate holding to
292,857 Ordinary Shares, representing 0.19 per cent. of the Company's issued
share capital.

Further details of these transactions are set out below.

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/)

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Mr Neil Austin

 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 0.1p each under terms of the Xeros Technology

                                                            Group plc 2020 Share Option Scheme exerciseable at 5p per share
       Identification code

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

 c)   Price(s) and volume(s)

Price(s)  Volume(s)

                                                                   n/a       4,529,403

 

 d)   Aggregated information

       - Aggregated volume                                         As in c) above

       - Price                                                     n/a

 e)   Date of the transaction                                      10 November 2022

 f)   Place of the transaction                                     Sheffield

 

 

d)

 

Aggregated information

 - Aggregated volume

 - Price

 

 

As in c) above

n/a

e)

 

Date of the transaction

10 November 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 0.1p each under terms of the Xeros Technology

                                                            Group plc 2020 Share Option Scheme exerciseable at 5p per share
       Identification code

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

 c)   Price(s) and volume(s)

Price(s)  Volume(s)

                                                                   n/a       1,582,774

 

 d)   Aggregated information

       - Aggregated volume                                         As in c) above

       - Price                                                     n/a

 e)   Date of the transaction                                      10 November 2022

 f)   Place of the transaction                                     Sheffield

 

 

d)

 

Aggregated information

 - Aggregated volume

 - Price

 

 

As in c) above

n/a

e)

 

Date of the transaction

10 November 2022

f)

 

Place of the transaction

Sheffield

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Mr David Armfield

 2    Reason for the notification

 a)   Position/status                                              Non-Executive Director

 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 each

       Identification code

                                                                   GB00BMGYBJ57

 b)   Nature of the transaction                                    Subscription via open offer to shareholders

 c)   Price(s) and volume(s)

Price(s)  Volume(s)

                                                                   5p        242,857

 
 d)   Aggregated information

       - Aggregated volume                                         As in c) above

       - Price                                                     n/a

 e)   Date of the transaction                                      21 October 2022

 f)   Place of the transaction                                     Off market

 

d)

 

Aggregated information

 - Aggregated volume

 - Price

 

 

As in c) above

n/a

e)

 

Date of the transaction

21 October 2022

f)

 

Place of the transaction

Off market

 

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