REG - Xeros Tech Grp plc - Result of Follow-on Subscription and TVR

Xeros TechnologyAnnouncement

27/11/2025 12:30

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251127:nRSa3207Ja&default-theme=true

RNS Number : 3207J  Xeros Technology Group plc  27 November 2025

 For immediate release

 

THIS ANNOUNCEMENT, INCLUDING THE INFORMATION CONTAINED HEREIN, IS RESTRICTED
AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART,
DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, CANADA, JAPAN,
AUSTRALIA, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND
OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION. PLEASE SEE THE IMPORTANT
NOTICES AT THE END OF THIS ANNOUNCEMENT.

 

THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND SHALL NOT CONSTITUTE AN
OFFER TO SELL OR ISSUE OR THE SOLICITATION OF AN OFFER TO BUY, SUBSCRIBE FOR
OR OTHERWISE ACQUIRE ANY NEW ORDINARY SHARES OF XEROS TECHNOLOGY GROUP PLC IN
THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, NEW ZEALAND, THE REPUBLIC OF
SOUTH AFRICA, THE REPUBLIC OF IRELAND OR ANY OTHER JURISDICTION IN WHICH SUCH
RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED IN ARTICLE 7 OF THE
MARKET ABUSE REGULATION EU NO 596/ 2014, AS RETAINED AND APPLICABLE IN THE UK
PURSUANT TO S3 OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("MAR"). IN
ADDITION, MARKET SOUNDINGS (AS DEFINED IN MAR) WERE TAKEN IN RESPECT OF
CERTAIN OF THE MATTERS CONTAINED IN THIS ANNOUNCEMENT, WITH THE RESULT THAT
CERTAIN PERSONS BECAME AWARE OF SUCH INSIDE INFORMATION, AS PERMITTED BY MAR.
UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW
CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE
TO BE IN POSSESSION OF INSIDE INFORMATION.

 

 

Xeros Technology Group plc

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

Result of Follow-On Subscription

and

Total Voting Rights

 

Xeros Technology Group plc (AIM: XSG), the creator of technologies that reduce
the impact of clothing on the planet, is pleased to announce that further to
the Company's announcement released on 6 November 2025 (the "Launch
Announcement"), the Follow-On Subscription has closed and the Company has
conditionally raised gross proceeds of approximately £1.95 million, through
the successful Subscription of 111,382,871 New Ordinary Shares in aggregate at
the Issue Price of 1.75 pence per Ordinary Share.

 

Total Funds raised as part of the Fundraising will therefore be £5.95
million, through the issuance of an aggregate of 340,373,229 new Ordinary
Shares. The Placing, Subscriptions and Retail Offer are conditional upon,
inter alia, the passing of the Resolutions at the General Meeting, Admission
and upon the Placing Agreement becoming unconditional in all respects. It is
expected that Admission will occur, and that dealings in the New Ordinary
Shares will become effective on 1 December 2025.

 

As previously indicated in the Launch of Fundraising announcement, Klaas de
Boer and David Armfield have participated in the Fundraising via the Retail
Offer and Follow-On Subscription, respectively. Following Admission their
residual holdings will be as follows:

 

                 Current Holding of Existing Shares  % of Existing Ordinary Shares  Number of New Ordinary Shares  Holding post Admission  % of Enlarged Share Capital*
 Klaas de Boer   11,383,333                          2.18%                          1,428,571                      12,811,904              1.49%
 David Armfield  2,892,857                           0.55%                          1,142,856                      4,035,713               0.47%

 

Total Voting Rights

 

Following Admission on 1 December 2025, the Company will have in issue
861,860,786 Ordinary Shares, with no shares held in treasury. Shareholders may
use this figure as the denominator by which they are required to notify their
interest in, or change to their interest in, the Company under the Disclosure
Guidance and Transparency Rules.

 

This announcement should be read in conjunction with the full text of the
Circular issued on 7 November 2025. All capitalised/defined terms used in this
announcement and not otherwise defined shall have the meanings given to them
in the Circular.

 

 

Enquiries:

 Xeros Technology Group plc                                                   Tel: 0114 269 9656

 Neil Austin, Chief Executive Officer

 Alex Tristram, Finance Director

 Cavendish Capital Markets Limited (Nominated Adviser & Broker)               Tel: 020 7220 0570

 Julian Blunt / Giles Balleny / Teddy Whiley / Trisyia Jamaludin, Corporate
 Finance

 Andrew Burdis / Harriet Ward, ECM
 Rawlings Financial PR Limited                                                Mob: 07967 816 525

 Keeley Clarke                                                                Email: Xeros@rfpr.co.uk

 Cat Valentine

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  ROIPPGAPGUPAGPM



            Copyright 2019 Regulatory News Service, all rights reserved