REG - Xeros Tech Grp plc - Directorate Change

Xeros TechnologyAnnouncement

20/12/2022 13:00

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RNS Number : 3551K  Xeros Technology Group plc  20 December 2022

This announcement contains inside information.

 

 

20 December 2022

 

Xeros Technology Group plc

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

 Directorate Change

 

Xeros Technology Group plc (AIM: XSG), the creator of technologies that reduce
the impact of clothing on the planet, announces that David Baynes will be
stepping down from the Board with effect from 31 December 2022.  As
previously stated, the Board intends to appoint a further independent
Non-Executive Director and that process remains ongoing.

 

In light of the above, David Armfield will become Chairman of the Audit
Committee. David Baynes has agreed to make himself available to assist the
Audit Committee through the FY22 audit process to ensure an orderly handover.

 

Klaas de Boer, Chairman of Xeros commented:

 

"On behalf of the entire company, I want to thank David Baynes for his very
valuable contributions over the past four years, and his ongoing support for
the FY22 audit process. We will sorely miss his quick wit, forensic analysis
of numbers and probing questions, and wish David all the best for his future."

 

Enquiries:

 Xeros Technology Group plc                         Tel: 0114 321 6328

 Neil Austin, Chief Executive Officer

 Paul Denney, Chief Financial Officer

                                                    Tel: 020 7220 0500

 finnCap Limited (Nominated Adviser & Broker)

 Julian Blunt / Teddy Whiley, Corporate Finance

 Andrew Burdis / Sunila de Silva, ECM

 Yellow Jersey PR                                   Tel: 020 3004 9512

 Sarah Hollins / Lilian Filips / Annabelle Wills

 

Notes to 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 transform the performance,
impact and economics of the fashion and washing machine industry.

Xeros enable the scaling of their innovations and impact by licencing their
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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