Grant of Options

RNS Number : 2366V

Xeros Technology Group plc

26 January 2017

 

26 January 2017

Xeros Technology Group plc

Grant of Options

Xeros Technology Group plc ("Xeros" or the "Company") (AIM: XSG), the developer and provider of patented polymer based systems with multiple commercial applications, announces that on 25 January 2017, the Board of Xeros granted share options over a maximum of 250,000 ordinary shares at an exercise price of 210 pence each to Mark Nichols, Chief Executive of the Company, and share options over a maximum of 500,000 ordinary shares at an exercise price of 210 pence each to Paul Denney, Chief Financial Officer, all under the terms of Xeros' existing share option schemes.

Following the grant of these options Mark Nichols has 1,500,000 options, and owns no other ordinary shares in the Company. Paul Denney now has 500,000 options, and owns no other ordinary shares in the Company.

Enquiries:

Xeros Technology Group plc Mark Nichols, Chief Executive Officer	Tel: [phone]
Jefferies International Limited (Nominated Adviser and Joint Broker) Simon Hardy / Harry Nicholas	Tel: [phone]
Berenberg (Joint Broker) Chris Bowman / Ben Wright / Amritha Murali	Tel: [phone]
Instinctif Partners Adrian Duffield / Helen Tarbet / James Gray	Tel: [phone]

Notes to Editors

Xeros Technology Group plc (LN: XSG) is a platform technology company that is reinventing water intensive industrial and commercial processes by reducing water and chemistry usage with its polymer technologies.  Its patented technologies have the capacity to provide material economic, operational and sustainability improvements that are unattainable with traditional processes.  The Group is currently exploiting its intellectual property in three areas: Cleaning Technologies, Tanning Technologies and Textile Technologies. Xeros has a number of agreements in place with such international organisations as Hilton and Wollsdorf Leder.

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

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	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
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	Option over Ordinary shares of 0.15p each GB00BJFLLV84
b)	Nature of the transaction	Issue of Options
c)	Price(s) and volume(s)	Price(s) Volume(s) 210 pence 250,000
d)	Aggregated information - Aggregated volume - Price	Single transaction as in 4 c) above Price(s) Volume(s) 210 pence 250,000
e)	Date of the transaction	25 January 2017
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	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
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	Option over Ordinary shares of 0.15p each GB00BJFLLV84
b)	Nature of the transaction	Issue of Options
c)	Price(s) and volume(s)	Price(s) Volume(s) 210 pence 500,000
d)	Aggregated information - Aggregated volume - Price	Single transaction as in 4 c) above Price(s) Volume(s) 210 pence 500,000
e)	Date of the transaction	25 January 2017
f)	Place of the transaction	Outside a trading venue

 

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