Director/PDMR Transactions, Issue of Options

RNS Number : 0579B

Xeros Technology Group plc

08 February 2022

 

8^th February 2022

Xeros Technology Group plc

Director/PDMR Transactions, Issue of Options

The Remuneration Committee has today granted the following new 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	70,000
Paul Denney	56,000

All the options are granted as Unapproved share options.

These new options will be exercisable at a price of 93.5p in tranches of one third each from the beginning of each of 2023, 2024 and 2025.  The exercise price is fixed by reference to the closing Xeros share price on December 31, 2021, reflecting the position at the end of the financial period to which the option awards pertain.

  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

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/

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 £0.15 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 70,000
d)	Aggregated information  - Aggregated volume  - Price	As in c) above n/a
e)	Date of the transaction	8th February 2022
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 £0.15 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 56,000
d)	Aggregated information  - Aggregated volume - Price	As in c) above n/a
e)	Date of the transaction	8th February 2022
f)	Place of the transaction	Sheffield

 

END

 

 

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