REG - Xeros Tech Grp plc - Result of GM, Director Dealings and TVR

Xeros TechnologyAnnouncement

25/04/2024 14:15

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RNS Number : 0833M  Xeros Technology Group plc  25 April 2024

 

For immediate release

25 April 2024

Xeros Technology Group plc

 

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

Results of General Meeting, Director Dealings 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 of 4 April 2024, at the General Meeting held
earlier today the Resolutions proposed were duly passed by shareholders.

Full details of the Resolutions were set out in the Circular published by
Xeros on 8 April 2024. The Circular is available for inspection in electronic
form on the Company's website, www.xerostech.com.

Details of the proxies from Shareholders in respect of each of the Resolutions
are set out below:

 Resolution             For Number   %       Against Number  %      Withheld Number
 Ordinary Resolution 1  114,672,023  92.44%  9,383,271       7.56%  121
 Special Resolution 2   114,670,243  92.43%  9,385,051       7.57%  121

 

 

Notes:

1.    Percentages are expressed as a proportion of the total votes cast
(which does not include votes withheld).

2.    A "vote withheld" is not a vote in law and is not counted in the
calculation of the proportion of the votes "For" and "Against" a Resolution.

3.    Any proxy appointments which gave discretion to the Chairman have
been included in the "For" totals.

 

The Conditional Placing, the Subscription and the Retail Offer remains
conditional upon the Placing Agreement becoming unconditional in all respects
and upon Second Admission, which is expected to occur on 26 April 2024.
Details of the participation of certain board members in the Fundraising are
set out below.

 

 

Total Voting Rights

 

Following Second Admission on 26 April 2024, the Company will have in issue
520,686,413 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 8 April 2024. 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 321 6328

 Neil Austin, Chief Executive Officer

 Alex Tristram, Finance Director

 Cavendish Capital Markets Limited (Nominated Adviser & Broker)      Tel: 020 7220 0500

 Julian Blunt / Teddy Whiley / George Dollemore, Corporate Finance

 Andrew Burdis / Sunila de Silva, ECM

 Belevedere PR                                                       Tel: 07715 769 078 / 07967 816 525

 Cat Valentine / Keeley Clarke

Notes for editors:

Xeros 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, Filtration, Finish, and Care, 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 8
agreements in place. The addressable markets in Filtration, Finish and Care
are estimated to be valued at £350m p.a., £132m p.a. and £3bn p.a.
respectively.

 

The notification below is made in accordance with the requirements of the EU
regulation on market abuse which forms 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                                                         Klaas de Boer
 2     Reason for the notification
 a)    Position/status                                              Chairman
 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 ("Ordinary Shares")

        Identification code                                         GB00BMGYBJ57
 b)    Nature of the transaction                                    Purchase of Ordinary Shares
 c)    Price(s) and volume(s)                                       Price(s)  Volume(s)

                                                                    1.5p      3,333,333
 d)    Aggregated information

        - Aggregated volume                                         See 4c) above

        - Price
 e)    Date of the transaction                                      25 April 2024
 f)    Place of the transaction                                     London Stock Exchange, AIM Market

d)

Aggregated information

 - Aggregated volume

 - Price

 

See 4c) above

 

e)

Date of the transaction

25 April 2024

f)

Place of the transaction

London Stock Exchange, AIM Market

 

 

 1     Details of the person discharging managerial responsibilities / person closely
       associated
 a)    Name                                                         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 0.1p each ("Ordinary Shares")

        Identification code                                         GB00BMGYBJ57
 b)    Nature of the transaction                                    Purchase of Ordinary Shares
 c)    Price(s) and volume(s)                                       Price(s)  Volume(s)

                                                                    1.5p      666,666
 d)    Aggregated information

        - Aggregated volume                                         See 4c) above

        - Price
 e)    Date of the transaction                                      25 April 2024
 f)    Place of the transaction                                     London Stock Exchange, AIM Market

d)

Aggregated information

 - Aggregated volume

 - Price

 

See 4c) above

 

e)

Date of the transaction

25 April 2024

f)

Place of the transaction

London Stock Exchange, AIM Market

 

 

 

 1     Details of the person discharging managerial responsibilities / person closely
       associated
 a)    Name                                                         Alex 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  Ordinary Shares of 0.1p each ("Ordinary Shares")

        Identification code                                         GB00BMGYBJ57
 b)    Nature of the transaction                                    Purchase of Ordinary Shares
 c)    Price(s) and volume(s)                                       Price(s)  Volume(s)

                                                                    1.5p      166,666
 d)    Aggregated information

        - Aggregated volume                                         See 4c) above

        - Price
 e)    Date of the transaction                                      25 April 2024
 f)    Place of the transaction                                     London Stock Exchange, AIM Market

d)

Aggregated information

 - Aggregated volume

 - Price

 

See 4c) above

 

e)

Date of the transaction

25 April 2024

f)

Place of the transaction

London Stock Exchange, AIM Market

 

 

 

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