REG - Xeros Tech Grp plc - Total Voting Rights

Xeros TechnologyAnnouncement

05/04/2024 10:30

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RNS Number : 5128J  Xeros Technology Group plc  05 April 2024

Xeros Technology Group plc

Total Voting Rights

 

Xeros, the creator of technologies that reduce the impact of clothing on the
planet, announces that further to the result of fundraising announcement of 4
April 2024, the Company has issued 15,098,290 new ordinary shares of 0.1 pence
each ("Ordinary Shares") pursuant to the Firm Placing.

 

The Company's issued share capital now consists of 224,995,142 Ordinary Shares
with voting rights, with no shares held in treasury. This figure may therefore
be used by shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or a change
to their interest in, the Company's share capital pursuant to (i) the
Company's Articles, (ii) the Financial Conduct Authority's Disclosure Guidance
and Transparency Rules and/or (iii) the AIM Rules for Companies issued by the
London Stock Exchange plc as amended from time to time.

 

 

 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 / Teddy Whiley / George Dollemore, Corporate Finance

 Andrew Burdis / Sunila de Silva, ECM

 Belvedere PR                                                        xeros@belvederepr.com

 Cat Valentine                                                       Mob: 07715 769 078

 Keeley Clarke                                                       Mob: 07967 816 525

 

The same definitions apply throughout this announcement as are applied in the
announcements of 4 April 2024.

 

About Xeros

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.

 

 

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