Xeros Technology Group plc Director/PDMR Shareholding (0707A)
January 18 2024 - 2:00AM
UK Regulatory
TIDMXSG
RNS Number : 0707A
Xeros Technology Group plc
18 January 2024
18 January 2024
Xeros Technology Group plc
('Xeros", the "Company" or the "Group")
Director/PDMR Shareholding
Xeros Technology Group plc (AIM: XSG), the creator of
technologies that reduce the impact of clothing on the planet,
announces that Klaas de Boer, Chairman of the Company, has
exercised 2,400,000 warrants at an exercise price of 2.85 pence
each in exchange for the same number of ordinary shares of 0.1
pence each (the "Warrants" and the "Ordinary Shares"). The Warrants
detailed above represent all warrants issued to Mr de Boer in
October 2022 as part of the fundraise undertaken by the Company at
that time.
Following the exercise of the Warrants above, Mr de Boer will be
interested in 5,050,000 Ordinary Shares, representing 3.29 per
cent. of the Company's issued share capital. Should all outstanding
warrants be exercised, Mr de Boer would be interested in 1.82% of
the Company's issued share capital.
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 0570
Julian Blunt/Teddy Whiley, 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
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, 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
GBP350m p.a., GBP132m p.a. and GBP3bn p.a. respectively.
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Mr Klaas de Boer
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2 Reason for the notification - Exercise of Warrants
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a) Position/status Chairman
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b) Initial notification /Amendment Initial Notification
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3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
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a) Name Xeros Technology Group Plc
-------------------------------------------------------- -------------------------------------------------------
b) LEI 2138009F3U39GVY7DG06
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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
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a) Description of the financial instrument, type of Warrants over Ordinary Shares of 0.1p each exercisable
instrument at 2.85p per Ordinary Share
Identification code n/a
-------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Exercise of Warrants
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
2.85p 2,400,000
----------
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information
- Aggregated volume As in c) above
- Price As in c) above
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 17 January 2024
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f) Place of the transaction Off market transaction
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END
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