Application for Block Listing

RNS Number : 9133U

Xeros Technology Group plc

03 August 2020

 

Xeros Technology Group plc  

Application for Block Listing

Application has been made to the London Stock Exchange for a block listing totaling 12,300,000 ordinary shares of 0.15p each to trade on the London Stock Exchange. The shares shall rank equally with the existing issued shares of the Company.

The block listing consists of:

12,000,000 Ordinary Shares of 0.15p each under the Xeros Technology Group plc Enterprise Management Incentive Scheme and 300,000 Ordinary Shares of 0.15p each under the Xeros Technology Group plc unapproved share option scheme.

Admission of the shares is expected to take place on 6 August 2020.

Following Admission, the Company will have 1,996,111,556 ordinary shares each in issue. There are no shares held in treasury and thus the total number of voting rights in the Company will be 1,996,111,556.

ENDS

Xeros Technology Group plc Mark Nichols, Chief Executive Officer Paul Denney, Chief Financial Officer	Tel: [phone]
finnCap Limited (Nominated Adviser, Broker) Julian Blunt / Teddy Whiley, Corporate Finance Andrew Burdis, ECM	Tel: [phone]

Notes to Editors

Xeros Technology Group plc develops and licenses platform technologies which transform the sustainability, performance and economics of water intensive industrial and commercial processes.

Xeros' patented XOrb™  technologies significantly reduce the amount of water used in the dyeing, finishing or laundering of soft substrates such as garments and fabrics. They enable the remaining water to become far more efficient and effective in either affixing or removing molecules, the result being improvements in economic, operational, product and sustainability outcomes. The Group is applying its technology in the fields of apparel manufacturing, tanning and commercial and domestic laundry.

Xeros' XDrum™  technology is a patented, simple, low cost machine drum design which enables XOrbs to be introduced into and subsequently removed from process cycles in Xeros' chosen fields. The design provides Original Equipment Manufacturers ('OEMs') with the ability to make simple and low-cost changes in their products to incorporate the Company's XOrb  technology.

The Group has signed multiple license agreements for its XDrum  and XOrb products in major commercial and domestic markets.

XFiltra™  is a proprietary in-machine filtration technology which prevents harmful microplastics, generated during washing cycles, from being released into the world's river and oceans.  Microplastics released from synthetic clothing during laundering is one of the largest sources of primary microplastic pollution entering oceans every year.

For more information, please visit -  http://www.xerostech.com/

 

END

 

 

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