Block Admission Application

RNS Number : 5684D

Xeros Technology Group plc

20 October 2022

 

For immediate release

20 October 2022

Xeros Technology Group plc

("Xeros", the "Group" or the "Company")

Block Admission Application

Xeros Technology Group plc (AIM: XSG), the creator of technologies that reduce the impact of clothing on the planet, announces that application has been made to the London Stock Exchange plc for a block admission of 127,195,640 ordinary shares in the capital of the Company ("Ordinary Shares") to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur on or around the 21 October 2022.

These new Ordinary Shares shall be issued and allotted from time to time pursuant to the exercise of warrants issued to participants in the Company's capital fundraise, announced 30 September 2022.  The new Ordinary Shares, when issued, shall rank equally with the Company's existing issued Ordinary Shares. 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.

For further information:

Enquiries:

Xeros Technology Group  plc Neil Austin, Chief Executive Officer Paul Denney, Chief Financial Officer	Tel: [phone]
finnCap Limited (Nominated Adviser & Broker) Julian Blunt / Teddy Whiley / George Dollemore, Corporate Finance Andrew Burdis / Sunila de Silva, ECM	Tel: [phone]
Yellow Jersey PR Sarah Hollins / Lilian Filips / Laurie Gellhorn	Tel: [phone]

Notes for editors:

POWERED BY SCIENCE, XEROS CREATE TECHNOLOGIES ENGINEERED FOR THE FUTURE

Born out of textile research and advancing new standards of performance and responsibility, Xeros' technologies revolutionise the way we make and clean our clothes, conserving water and preventing waste. Designed to impact industries and people on a global scale, Xeros transforms the performance, impact and economics of the fashion and washing machine industry.

Xeros enables the scaling of its innovations and impact by licencing its intellectual property to partners across the globe. Their work has, to date, created 38 patent families.

Xeros' technologies are already in use in major global industries, including commercial and home laundry and garment manufacture. So far, these technologies have saved millions of litres of water and could prevent billions of microfibres from ending in our oceans.

TO THE POWER OF CHANGE 

xerostech.com

 

END

 

 

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