REG - Xeros Tech Grp plc - Grant of Options

Xeros TechnologyAnnouncement

31/03/2025 07:15

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RNS Number : 7748C  Xeros Technology Group plc  31 March 2025

Xeros Technology Group plc

 

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

 

Grant of Options

 

 

Xeros Technology Group plc (AIM: XSG), the creator of technologies that reduce
the impact of clothing on the planet, announces that on 28 March 2025, the
Board, following the recommendation from the Remuneration Committee, granted
new share options (the "Options") over ordinary shares of 0.1 pence each
("Ordinary Shares") to Neil Austin, Chief Executive Officer, and Alexander
Tristram, Finance Director, under the terms of the Xeros Technology Group plc
2020 Share Option Scheme and following the conclusion of the Group's
Remuneration Committee process for 2024.

 

Following this grant of Options, the Company has options in issue over
43,726,392 Ordinary Shares, representing approximately 8.4 per cent. of the
Company's total issued share capital.

 

 Director            Number of Options granted on 28 March 2025  Exercise Price  Total options held post issue
 Neil Austin         1,301,716                                   1.5p            16,922,308
 Alexander Tristram  724,540                                     1.5p            4,686,178

 

The Options issued to Neil Austin are granted as unapproved share options. The
Options granted to Alexander Tristram are granted as EMI share options.

 

All new Options are exercisable at a price of 1.5 pence in tranches of one
third each from the beginning of 2026, 2027 and 2028, respectively.

 

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

 Keeley Clarke                          Mob: 07967 816 525

 Cat Valentine                          Email: Xeros@rfpr.co.uk

 

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, Microfibre Filter, Laundry Care, and Garment
Finishing, 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 Microfibre Filter, Laundry
Care, and Garment Finishing are estimated to be valued at £350m p.a., £3bn
p.a. and £132m p.a. respectively.

 

 

Further details of the PDMR dealing are included below. This information has
been provided in accordance with Article 5(1)(b) of the Market Abuse
Regulation (EU) No 596/2014 which is part of UK law by virtue of the European
Union (Withdrawal) Act 2018.

 

 

 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  Ordinary shares of £0.001 each

       Identification code

                                                                   GB00BMGYBJ57
 b)   Nature of the transaction                                    Grant of Options

 c)   Price(s) and volume(s)

Price(s)   Volume(s)

                                                                   1.5 pence  1,301,716

 

 d)   Aggregated information

       - Aggregated volume                                         n/a

       - Price

 e)   Date of the transaction                                      28 March 2025

 f)   Place of the transaction                                     Outside a trading venue

 

 

d)

 

Aggregated information

 - Aggregated volume

 - Price

 

 

n/a

e)

 

Date of the transaction

28 March 2025

f)

 

Place of the transaction

Outside a trading venue

 

 

 

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Mr Alexander Tristram

 2    Reason for the notification

 a)   Position/status                                              Finance 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  Options over Ordinary shares of £0.001 each

       Identification code

                                                                   GB00BMGYBJ57
 b)   Nature of the transaction                                    Grant of Options

 c)   Price(s) and volume(s)

Price(s)   Volume(s)

                                                                   1.5 pence  724,540

 
 d)   Aggregated information

       - Aggregated volume                                         n/a

      - Price

 e)   Date of the transaction                                      28 March 2025

 f)   Place of the transaction                                     Outside a trading venue

 

d)

 

Aggregated information

 - Aggregated volume

- Price

 

 

n/a

e)

 

Date of the transaction

 

28 March 2025

f)

 

Place of the transaction

Outside a trading venue

 

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