11
February 2025
Xeros Technology Group
plc
('Xeros",
the "Company" or the "Group")
Director/PDMR
Shareholding
Xeros Technology Group plc (AIM:
XSG), has been notified today that David Armfield, Non-executive
director, purchased 2,600,000 ordinary shares of 0.1p each
("Ordinary Shares") at a price of 0.7602p per share, increasing his
beneficial holding to 2,892,857 Ordinary Shares.
Further information is provided
below in accordance with Article 19(3) of the UK Market
Abuse Regulation No 596/2014:
Enquiries
|
Xeros Technology Group plc
Neil Austin, Chief Executive
Officer
Alex Tristram, Director of
Finance
|
Tel: 0114
269 9656
|
|
Cavendish Capital Markets Limited (Nominated Adviser and
Broker)
Julian Blunt/Teddy Whiley, Corporate
Finance
Andrew Burdis/Sunila de Silva,
ECM
|
Tel: 020
7220 0500
|
|
Rawlings Financial PR
Limited
Keeley Clarke
Cat Valentine
|
Tel: 07967
816 525
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,
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 eight 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.
|
1
|
Details of the person discharging
managerial responsibilities / person closely associated
|
|
a)
|
Name
|
David Armfield
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
Non-executive 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
Identification code
|
Ordinary Shares of 0.1p
GB00BMGYBJ57
|
|
b)
|
Nature of the transaction
|
Purchase of
Ordinary Shares
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
0.791p
|
1,000,000
|
|
0.741p
|
1,600,000
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
2,600,000
0.7602p
|
|
e)
|
Date of the transaction
|
10 and 11 February 2025
|
|
f)
|
Place of the transaction
|
London Stock Exchange,
AIM
|