REG - Xeros Tech Grp plc - Grant of Options

Xeros TechnologyAnnouncement

03/07/2024 07:00

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RNS Number : 8528U  Xeros Technology Group plc  03 July 2024

3 July 2024

Xeros Technology Group plc

 

('Xeros", the "Company" or the "Group")

 

Grant of Options

 

 

Xeros Technology Group plc (AIM: XSG), the creator of technologies that reduce
the impact of clothing on the planet, announces that on 1 July 2024, the
Board, following the recommendation from the Remuneration Committee, granted
new share options (the "Options") over ordinary shares of 0.1 pence each
("Ordinary Shares") to Neil Austin, Chief Executive Officer, and Alexander
Tristram, Finance Director, under the terms of the Xeros Technology Group plc
2020 Share Option Scheme.

 

Following this grant of Options, the Company has options in issue over
36,354,541 Ordinary Shares, representing approximately 7.0 per cent. of the
Company's total issued share capital.

 

 Director            Number of Options granted on 1 July 2024  Exercise Price  Total options held post issue
 Neil Austin         11,091,189                                1.5p            15,620,592
 Alexander Tristram  3,905,148                                 1.5p            3,961,638

 

9,522,533 options issued to Neil Austin are granted as unapproved share
options and 1,568,656 are granted as EMI options. Those options granted to
Alexander Tristram are granted as EMI share options.

 

These Options are exercisable at a price of 1.5 pence in tranches of one third
from the beginning of each of 2025, 2026 and 2027. The exercise price is fixed
by reference to the price at which the Company's recent fundraising, announced
on 4 April 2024, was concluded.

 

Enquiries

 

 Xeros Technology Group plc             Tel: 0114 269 9656

 Neil Austin, Chief Executive Officer

 Alex Tristram, Director of Finance

 Cavendish Capital Markets Limited (Nominated Adviser and Broker)          Tel: 020 7220 0570

 Julian Blunt/Teddy Whiley, Corporate Finance

 Andrew Burdis/Sunila de Silva, ECM

 Belvedere Communications               xeros@belvederepr.com (mailto:xeros@belvederepr.com)

 Cat Valentine                          Mob: 07715 769 078

 Keeley Clarke                          Mob: 07967 816 525

 

About Xeros

 

Xeros Technology plc has developed patented and proven, industry-leading
technologies which reduce the environmental impact of how industries make and
care for clothes.

 

The traditional wet processing methods used in industrial and domestic laundry
and garment manufacturing consume billions of litres of fresh water and large
amounts of energy and chemicals, as well as damaging and weakening clothing
fibres and creating rising levels of environmental pollution. It is estimated
that washing machines contribute 35% of the 171 trillion microplastic
particles in the ocean.

 

A range of actors, including consumers, the media NGOs and regulators are
exerting pressure on these industries, with legislative action beginning to be
taken.

 

Xeros' three main technologies, Filtration, Finish, and Care, facilitate
garment manufacturers, industrial laundries, domestic washing machine
manufacturers and consumers, to reduce their environmental impact, whilst also
significantly improving efficiency in the process.

 

Xeros' model is to generate revenue from licensing its technologies,
generating royalties and the sale of consumables. Currently there are 8
agreements in place. The addressable markets in Filtration, Finish and Care
are estimated to be valued at £350m p.a., £132m p.a. and £3bn p.a.
respectively.

 

 

Further details of the PDMR dealing are included below. This information has
been provided in accordance with Article 5(1)(b) of the Market Abuse
Regulation (EU) No 596/2014 which is part of UK law by virtue of the European
Union (Withdrawal) Act 2018.

 

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Mr Neil Austin

 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  Ordinary shares of £0.001 each

       Identification code

                                                                   GB00BMGYBJ57
 b)   Nature of the transaction                                    Grant of Options

 c)   Price(s) and volume(s)

Price(s)   Volume(s)

                                                                   1.5 pence  11,091,189

 

 d)   Aggregated information

       - Aggregated volume                                         n/a

       - Price

 e)   Date of the transaction                                      1st July 2024

 f)   Place of the transaction                                     Outside a trading venue

 

 

d)

 

Aggregated information

 - Aggregated volume

 - Price

 

 

n/a

e)

 

Date of the transaction

1st July 2024

f)

 

Place of the transaction

Outside a trading venue

 

 

 

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Mr Alexander Tristram

 2    Reason for the notification

 a)   Position/status                                              Finance Director

 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  Options over Ordinary shares of £0.001 each

       Identification code

                                                                   GB00BMGYBJ57
 b)   Nature of the transaction                                    Grant of Options

 c)   Price(s) and volume(s)

Price(s)   Volume(s)

                                                                   1.5 pence  3,905,148

 
 d)   Aggregated information

       - Aggregated volume                                         n/a

      - Price

 e)   Date of the transaction                                      1st July 2024

 f)   Place of the transaction                                     Outside a trading venue

 

d)

 

Aggregated information

 - Aggregated volume

- Price

 

 

n/a

e)

 

Date of the transaction

 

1st July 2024

f)

 

Place of the transaction

Outside a trading venue

 

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