Application for Block Listing

RNS Number : 6607Y

Xeros Technology Group plc

17 January 2022

 

17 January 2022

Xeros Technology Group plc

Application for Block Listing

Application has been made to the London Stock Exchange for a block listing totalling 120,000 new ordinary shares of 15p each in the capital of the Company ("New Ordinary Shares"). These New Ordinary Shares are being reserved under a block admission and may be issued in order to satisfy existing and future awards of ordinary shares ("Ordinary Shares") under the Company's existing  Enterprise Management Incentive Scheme ("EMI")   Share Option Scheme and Unapproved Share Option Scheme ("USOS").

The shares will be issued fully paid and will, upon issue, rank pari passu in all respects with the Company's existing issued Ordinary Shares. It is expected that admission will be effective for the New Ordinary Shares on 21 January 2022.

The Company will announce the number of Ordinary Shares granted and admitted to trading under the Block Admission every 6 months, as required by the UK Listing Rules.

Enquiries :

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

Notes to Editors

With close to 40 patent families, Xeros' revolutionary platform technologies, XTend™ and XFiltra™, set new standards for performance and sustainability across our clothing's lifecycle. By reducing the consumption of valuable natural resources and preventing microfibre and microplastic pollution, Xeros greatly reduces the impact of our clothes on the planet.

Backed by science, we set new standards for significantly reduced water consumption, lower carbon and effluent emissions, and improved garment care/life at the manufacturing stage and throughout laundry processes, in industry, and in the home. Xeros' technologies deliver a unique combination of unbeatable sustainability outcomes, improving performance whilst reducing costs. 

The manufacture of clothes and their subsequent care consumes vast amounts of our finite, valuable resources. Xeros licenses new technologies to enable us all to consume less, helping to protect the world for our future. 

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

 

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