Director/PDMR Transactions

RNS Number : 1242L

Xeros Technology Group plc

20 December 2018

 

20 December 2018

Xeros Technology Group plc

Director/PDMR Transactions

Following the Company's General Meeting on 19 December 2018, at which all resolutions were passed, Mark Nichols, Chief Executive Officer and Paul Denney, Chief Financial Officer, of Xeros Technology Group plc (AIM: XSG, 'the Company', 'Xeros'), have each purchased 500,000 ordinary shares of 0.15p each in the capital of the Company ("Ordinary Shares") at 10p, as part of the Company's Placing announced on 29 November 2018.

Following the issue of shares, Mark Nichols and Paul Denney will be interested in 500,000 Ordinary Shares each, with each representing approximately 0.2% of the issued share capital of the Company.

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) 10p 500,000
d)	Aggregated information - Aggregated volume - Price	500,000 £50,000
e)	Date of the transaction	19 December 2018
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) 10p 500,000
d)	Aggregated information - Aggregated volume - Price	500,000 £50,000
e)	Date of the transaction	19 December 2018
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]
Jefferies International Limited (Nominated Adviser, Joint Broker and Joint Bookrunner) Simon Hardy / Will Soutar	Tel: [phone]
Berenberg (Joint Broker and Joint Bookrunner) Chris Bowman / Ben Wright / Laure Fine	Tel: [phone]
Instinctif Partners Adrian Duffield / Chantal Woolcock / James Gray	Tel: [phone]

Notes to Editors

Xeros Technology Group plc (AIM: XSG) is a platform technology company that is reinventing water intensive industrial and commercial processes.

Xeros' uses its patented XOrb^TM technologies to significantly reduce the amount of water used in a number of major applications and to increase the efficiency in either affixing or removing molecules from substrates such as fabrics and garments. Adoption of the technology drives significant economic, operational and sustainability outcomes.

Xeros current portfolio of applications are within the areas of garment finishing (Textile Technologies), tanning (Tanning Technologies under the "Qualus" brand) and cleaning/laundry (Cleaning Technologies). The cleaning/laundry business of the Company covers domestic laundry, commercial laundry (under the "Hydrofinity" brand) and the cleaning of high performance workwear (under the "Marken" brand).

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

 

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