Director / Senior Executive Share Purchases

RNS Number : 0938G

Xeros Technology Group plc

01 May 2014

 



1 May 2014

Xeros Technology Group plc

("Xeros" or the "Group")

Director / Senior Executive Share Purchases

Xeros Technology Group plc (AIM: XSG), the innovative developer of a patented polymer bead cleaning system with multiple identified commercial applications, has received notification of the following purchases of ordinary shares of 0.15 pence each:

Director	Nature of transaction	Date of dealing	Amount (shares)	Price (pence per share)	Resultant interest (shares)	Resultant interest (%)
John Samuel, Chairman	Purchase	30 April 2014	25,000	99.00	1,454,966	2.24%
Bill Westwater, Chief Executive	Purchase	30 April 2014	10,000	99.00	689,332	1.06%
Chris Hanson, Finance Director	Purchase	30 April 2014	10,000	99.00	376,498	0.58%
Senior Executive
Joc Stuart-Grumbar, International Development Director	Purchase	30 April 2014	2,000	99.00	2,000	0.003%
Charles Maltby, Engineering Director	Purchase	30 April 2014	1,000	99.00	1,000	0.002%

For further information, please contact:

Xeros Technology Group plc	Via Newgate
Bill Westwater, Chief Executive Officer Chris Hanson, Finance Director
Jefferies International (Nominated Adviser)	Tel: [phone]
Simon Hardy Simon Dowker Harry Nicholas
Newgate Communications (Financial PR)	Tel: [phone]
James Benjamin Madeleine Palmstierna Georgia Lewis	[e-mail]

Further information on the Group can be found on the Company's website: www.xeroscleaning.com

About Xeros

Xeros has developed a patented polymer bead cleaning system with multiple identified potential commercial applications. The Group has targeted the commercial laundry market and has begun the roll-out of 25kg capacity washing machines which exclusively use Xeros' patented polymer bead cleaning system. In trials with customers, this system has been shown to achieve superior cleaning performance as well as material reductions in water, energy and chemical usages compared to conventional commercial laundry methods. The Xeros proprietary polymer bead cleaning system also reduces the carbon footprint of the entire laundry process. In addition to the commercial laundry market, the Group's polymer bead technology has a range of potential applications in other industries including domestic laundry, leather processing, garment finishing and metal cleaning. The Group is currently in various stages of development and preparation for commercialisation of other identified applications, the most advanced of which is domestic laundry.

 

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