3 July 2024
Xeros Technology Group
plc
('Xeros",
the "Company" or the "Group")
Grant of
Options
Xeros Technology Group plc (AIM:
XSG), the creator of technologies that reduce the impact of
clothing on the planet, announces that on 1 July 2024, the Board,
following the recommendation from the Remuneration Committee,
granted new share options (the "Options") over ordinary shares of 0.1
pence each ("Ordinary
Shares") to Neil Austin, Chief Executive Officer, and
Alexander Tristram, Finance Director, under the terms of the Xeros
Technology Group plc 2020 Share Option Scheme.
Following this grant of Options, the
Company has options in issue over 36,354,541 Ordinary Shares,
representing approximately 7.0 per cent. of the Company's total
issued share capital.
|
Director
|
Number of Options granted on
1 July 2024
|
Exercise
Price
|
Total options held post
issue
|
|
Neil Austin
|
11,091,189
|
1.5p
|
15,620,592
|
|
Alexander Tristram
|
3,905,148
|
1.5p
|
3,961,638
|
9,522,533 options issued to Neil
Austin are granted as unapproved share options and 1,568,656 are
granted as EMI options. Those options granted to Alexander Tristram
are granted as EMI share options.
These Options are exercisable at a
price of 1.5 pence in tranches of one third from the beginning of
each of 2025, 2026 and 2027. The exercise price is fixed by
reference to the price at which the Company's recent fundraising,
announced on 4 April 2024, was concluded.
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 0570
|
|
Belvedere
Communications
Cat
Valentine
Keeley
Clarke
|
xeros@belvederepr.com
Mob: 07715
769 078
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 £350m p.a., £132m p.a. and £3bn p.a.
respectively.
Further details of the PDMR dealing are included below. This
information has been provided in accordance with Article 5(1)(b) of
the Market Abuse Regulation (EU) No 596/2014 which is 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
|
Mr 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
Identification
code
|
Ordinary
shares of £0.001 each
GB00BMGYBJ57
|
|
b)
|
Nature of the
transaction
|
Grant of
Options
|
|
c)
|
Price(s) and
volume(s)
|
|
Price(s)
|
Volume(s)
|
|
1.5
pence
|
11,091,189
|
|
|
d)
|
Aggregated
information
- Aggregated
volume
-
Price
|
n/a
|
|
e)
|
Date of the
transaction
|
1st July
2024
|
|
f)
|
Place of the
transaction
|
Outside a
trading venue
|
|
1
|
Details of the person
discharging managerial responsibilities / person closely
associated
|
|
a)
|
Name
|
Mr
Alexander 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
Identification
code
|
Options
over Ordinary shares of £0.001 each
GB00BMGYBJ57
|
|
b)
|
Nature of the
transaction
|
Grant of
Options
|
|
c)
|
Price(s) and
volume(s)
|
|
Price(s)
|
Volume(s)
|
|
1.5
pence
|
3,905,148
|
|
|
d)
|
Aggregated
information
- Aggregated
volume
-
Price
|
n/a
|
|
e)
|
Date of the
transaction
|
1st July
2024
|
|
f)
|
Place of the
transaction
|
Outside a
trading venue
|