Director/PDMR Shareholding & Total Voting Rights

RNS Number : 0515U

Xeros Technology Group plc

20 November 2019

 

20 November 2019

Xeros Technology Group plc

Director/PDMR Transactions & Total Voting Rights

Following completion today of the Placing and Open Offer announced on 31 October 2019 in which certain members of the Board participated at a price of 1p 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 the Placing & Open Offer	Percentage of Enlarged Issued Share Capital
Mark Nichols	5,000,000	5,500,000	0.70%
David Armfield	5,000,000	5,000,000	0.64%
Paul Denney	5,000,000	5,500,000	0.70%

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 783,746,747 with no shares held in treasury. Therefore the total voting rights in the Company is 783,746,747. 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 31 October 2019 unless the context otherwise requires.

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) 1p 5,000,000
d)	Aggregated information - Aggregated volume - Price	5,000,000 £50,000
e)	Date of the transaction	19 November 2019
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) 1p 5,000,000
d)	Aggregated information - Aggregated volume - Price	5,000,000 £50,000
e)	Date of the transaction	19 November 2019
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mr David Armfield
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) 1p 5,000,000
d)	Aggregated information - Aggregated volume - Price	5,000,000 £50,000
e)	Date of the transaction	19 November 2019
f)	Place of the transaction	London Stock Exchange, AIM

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	Tel: [phone]
Instinctif Partners Adrian Duffield / Chantal Woolcock	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 technologies significantly reduce the amount of water used in the washing or dyeing of soft substrates such as garments and fabrics. It enables 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 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/

 

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