Grant of Options

RNS Number : 2453M

Xeros Technology Group plc

19 January 2016

 

19 January 2016

Xeros Technology Group plc

("Xeros" or the "Group")

Grant of Options

Xeros Technology Group plc ("Xeros" or the "Company") (AIM: XSG), the innovative developer of patented polymer bead systems with multiple identified commercial applications, announces that on 18 January 2016 the Board of Xeros granted a total of 876,437 options over the Company's ordinary shares of 0.15 pence each ("Options"), representing 1.0% per cent of the issued share capital of the Company, to a Director and certain other employees of the Company. Details of the award to the Director are set out below:

Director	Role	Number of options granted
Chris Hanson	Chief Financial Officer and Company Secretary	125,000

All Options are exercisable at 182.5 pence per Ordinary Share, and are granted under the terms of Xeros' existing share option schemes.

Enquiries:

Xeros Technology Group plc                                                                                             Via Instinctif Partners

Mark Nichols, Chief Executive Officer

Chris Hanson, Chief Financial Officer

Jefferies International Limited (Nominated Adviser)                                                  Tel: [phone]

Simon Hardy / Harry Nicholas

Instinctif Partners (Financial PR)                                                                                      Tel: [phone]

Helen Tarbet / James Gray

 

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