Capital Reorganisation

RNS Number : 6069D

Xeros Technology Group plc

20 October 2022

 

For immediate release

Xeros Technology Group plc

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

Capital Reorganisation

Further to the announcement made earlier today confirming that all Resolutions proposed at the General Meeting were duly passed by shareholders, the Company confirms that the Capital Reorganisation to sub-divide the existing Ordinary Shares of 15 pence each into ordinary shares of 0.1 pence each and deferred shares of 14.9 pence each will occur alongside Admission of the New Ordinary Shares tomorrow, 21 October 2022.

This announcement should be read in conjunction with the full text of the Circular issued on 3 October 2022. All capitalised/defined terms used in this announcement and not otherwise defined shall have the meanings given to them in the Circular.

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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