Director/PDMR Shareholding, Issue of Options & TVR

RNS Number : 8044M

Xeros Technology Group plc

14 May 2020

 

14 May 2020

Xeros Technology Group plc

Director/PDMR Transactions, Issue of Options & Total Voting Rights

Following completion today of the Placing announced on 24 April 2020 in which certain members of the Board participated at a price of 0.5p per ordinary share, the Company provides the following update regarding the holdings of the Directors:

Director	Number of Placing Shares acquired	Total number of Ordinary Shares held following Admission	Percentage of Enlarged Issued Share Capital
Mark Nichols	3,200,000	8,700,000	0.44%
Paul Denney	2,000,000	7,500,000	0.38%
Klaas de Boer	25,000,000	25,000,000	1.26%

Following the successful completion of the Placing, and as detailed within the announcement made on 24 April 2020, the Remuneration Committee has today granted the following new EMI options over Ordinary shares to Mark Nichols and Paul Denney under the terms of the Xeros Technology Group plc 2020 Share Option Scheme:

	Options over Ordinary Shares
Mark Nichols	21,354,350
Paul Denney	15,019,500

Options so granted to Mark Nichols will be granted in replacement of 109,890 existing options held by him under the Xeros Technology Group plc Enterprise Management Incentive Share Option Scheme which are now cancelled.

The total number of Ordinary Shares of 0.15p each in the capital of the Company in issue as at the day of this announcement is 1,983,762,131 with no shares held in treasury. Therefore the total voting rights in the Company is 1,983,762,131. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Disclosure and Transparency Rules.

Capitalised terms used in this announcement have the meanings given to them in the Circular published on 27 April 2020 unless the context otherwise requires.

  Enquiries : 

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

Notes to Editors

Xeros Technology Group plc is a platform technology Group that is transforming water intensive industrial and commercial processes.

Xeros' patented XOrb^TM technology significantly reduces the amount of water used in the washing or dyeing 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 cleaning, tanning and textiles.

Xeros' XDrum^TM technology is a patented, simple, low cost machine drum design which enables XOrbs^TM to be introduced into and subsequently removed from process cycles in Xeros' chosen markets. The design enables rotating drum machine Original Equipment Manufacturers ("OEMs") in the fields of garment manufacture and cleaning, the ability to make simple and low-cost changes in their production lines to incorporate the Company's XOrb^TM technology.

The Group has signed multiple agreements to develop and license its XDrum^TM and XOrb^TM products in major commercial and domestic markets.

XFiltra^TM is a patented in-machine filtration technology which is designed to prevent harmful micro-plastics generated by washing cycles from being released into the aquacycle. Plastics released from synthetic clothing during washing cycles is one of the single largest sources of primary micro-plastic pollution.

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

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mr Mark Nichols
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 0.15p each ISIN - GB00BJFLLV84
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 0.5p 3,200,000
d)	Aggregated information   - Aggregated volume  - Price	3,200,000  0.5p
e)	Date of the transaction	14 May 2020
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mr Paul Denney
2	Reason for the notification
a)	Position/status	Chief Financial 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 0.15p each  ISIN - GB00BJFLLV84
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 0.5p 2,000,000
d)	Aggregated information   - Aggregated volume - Price	2,000,000 0.5p
e)	Date of the transaction	14 May 2020
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mr Klaas de Boer
2	Reason for the notification
a)	Position/status	Chairman
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 0.15p each ISIN - GB00BJFLLV84
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 0.5p 25,000,000
d)	Aggregated information   - Aggregated volume  - Price	25,000,000  0.5p
e)	Date of the transaction	14 May 2020
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mr Mark Nichols
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	Options over Ordinary shares of 0.15p each under terms of the Xeros Technology Group plc 2020 Share Option Scheme n/a
b)	Nature of the transaction	Grant of options in replacement of 109,890 existing options held by Mr Nichols under the terms of the Xeros Technology Group plc Enterprise Management Incentive Share Option Scheme which are now cancelled.
c)	Price(s) and volume(s)	Price(s) Volume(s) n/a 21,354,350
d)	Aggregated information  - Aggregated volume  - Price	21,354,350 n/a
e)	Date of the transaction	14 May 2020
f)	Place of the transaction	Sheffield

 

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mr Paul Denney
2	Reason for the notification
a)	Position/status	Chief Financial 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	Options over Ordinary shares of 0.15p each under terms of the Xeros Technology Group plc 2020 Share Option Scheme n/a
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)	Price(s) Volume(s) n/a 15,019,500
d)	Aggregated information  - Aggregated volume - Price	15,019,500 n/a
e)	Date of the transaction	14 May 2020
f)	Place of the transaction	Sheffield

 

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